Solana is still a great project and these types of activities happens all the time but after sometimes the situations become normal again. Solana is still going well and increasing in price day by day so I will suggest that don't change your decision all the time but stick to your decision in every situation and eventually you will see your coins pumping to give you profit.
Actually every coin gets impacted for some duration but these negative situations solve when favorable circumstances appears. So I think Solana will still go better and now there is no negative impact on Solana due to blockchain but future is not known so we cannot say that what will happen in future.
Topic: Solana network shuts down, will you still invest in SOL? (Read 327 times)
Recently, the Solana network experienced its 11th outage in the past 2 years, causing a stir in the crypto community. This network outage lasted nearly 5 hours, raising concerns about the stability of Solana blockchain platform[1].
However, contrary to my prediction, investor confidence in the SOL token still does not seem to be affected too much. Even many of my friends are still looking for investment opportunities in SOL with the expectation that this currency will continue to grow in the new growth cycle.
I tried thinking of a few reasons why investors are still optimistic about SOL:
It's easy to understand that with strong reasons like these, investors will continue to trust and invest in SOL tokens, despite the network's uncertain quality. I'm really interested in the optimistic sentiment of investors in the crypto market: crypto operates on the blockchain, but even though the blockchain has problems, token prices continue to grow.
If you are SOL token investore, I'd like to know your views on Solana and SOL:
References:
[1] Solana outage was caused by infinite loop bug previously seen on devnet
[2] Solana (SOL): Scaling Crypto to the Masses
[3] Solana ecosystem
[4] Dealroom: Solana
However, contrary to my prediction, investor confidence in the SOL token still does not seem to be affected too much. Even many of my friends are still looking for investment opportunities in SOL with the expectation that this currency will continue to grow in the new growth cycle.
I tried thinking of a few reasons why investors are still optimistic about SOL:
- Potential technology: despite many downtimes, Solana is very fast ~ 65k tps[2]. Technology is a powerful tool for marketing.
- Diverse ecosystem: Solana has many dApps in most fields of DeFi, NFT, GameFi, so it attracts many users[3]. Transaction fees on Solana are very low so everyone can participate and use the network easily.
- Support from large investors: Solana is backed by many large investment funds, Solana's brand is guaranteed[4].
- SOL price is at a low zone compared to the old ATH of 256 USD.
It's easy to understand that with strong reasons like these, investors will continue to trust and invest in SOL tokens, despite the network's uncertain quality. I'm really interested in the optimistic sentiment of investors in the crypto market: crypto operates on the blockchain, but even though the blockchain has problems, token prices continue to grow.
If you are SOL token investore, I'd like to know your views on Solana and SOL:
- Did the Solana incident impact your decision to invest in SOL?
- Are you really bothered by the failure of the Solana blockchain?
- Do you believe that in the uptrend in 2025, the SOL token price will still grow and will not be negatively impacted by Solana blockchain outages?
References:
[1] Solana outage was caused by infinite loop bug previously seen on devnet
[2] Solana (SOL): Scaling Crypto to the Masses
[3] Solana ecosystem
[4] Dealroom: Solana
SOL was one of my top investments in cryptocurrencies but the frequent network halts impacted me a lot.
My perspective is that a blockchain should never be halted at least not that frequent.
This is the reason why I sold my SOL and invested it in bitcoin and ETH.
At the same time, Solana is very potential because of the developments on it's blockchain and so it's not a bad idea to hold some of it in your portfolio.
In near future, I will try to hold at least few SOL so that I don't miss the boat.
The Solana outages are frustrating but it does not seem to have a dumping effect. People seem to have gotten used to them, and from a technical perspective the outages do not do any damage other than being annoying. And while long-term that may be a negative point because at some point, someone will create a better alternative which does not have outages and Solana will become irrelevant.
But short term? I see no problem in investing in Solana.
Good way to leverage your Bitcoin bags if you are an experienced trader.
But short term? I see no problem in investing in Solana.
Good way to leverage your Bitcoin bags if you are an experienced trader.
fairly speaking most people just don't care about solana network sudden power outage most people are just still gonna invest.
the thing with frequent power outage is that if it happened once people will worry if it happened many time and still getting back up again then people just forget it more likely just consider it
as something thats normal.
thats what exactlym happening with solana some people just really don't care and still keeping up investing in various solana tokens and projects.
personally I don't invest that much to solana but arguably the project under solana this time around are really good.
the thing with frequent power outage is that if it happened once people will worry if it happened many time and still getting back up again then people just forget it more likely just consider it
as something thats normal.
thats what exactlym happening with solana some people just really don't care and still keeping up investing in various solana tokens and projects.
personally I don't invest that much to solana but arguably the project under solana this time around are really good.
The best time to buy Solana was that $8 price zone it fell to after the collapse of FTX. Now, that the price has more than 10x from that zone, I won't be touching it even with a 10th foot pole. From the current price level, the price can only go up so much; Say 100% or 200% if we are being very optimistic. But there are newer projects with better upside potential and I'd opt for that.
If I had gotten Solana last year, I would still invest now via DCA but I have 0 solana bag so it's a no no for me.
If I had gotten Solana last year, I would still invest now via DCA but I have 0 solana bag so it's a no no for me.
SOL is still a decent short or mid-term investment despite the outages. It's still popular for airdrops launched by new projects there so no surprise that it's still climbing up. The issue of network stability and centralization of protocol can be ignored for now since it's halving but it will become relevant again when the whole crypto market goes south. Majority of those who invested will be cashing out for sure.
What about for the long-term? It can qualify for it since it was not a new coin anymore and there are occasions that its price can pump even without the help of the bull run and alt season. Cryptos are truly interesting and it's great that all are or most coins are seem to be given by a chance.I remember it was ETH before who got a lot of new projects, then followed by Binance coin, etc... and now it was Solana. I can't tell if which will be next. Like past coins, it's normal that they experience an issue because of the heavy demand that they are getting but they will soon be given a chance to breathe clearer, once the hype transfers to another coin.
I don't think people will trust this token again after the scam that the fraud has done to the common people.
Quick reminder: Solana is not Alameda/FTX/SBF and vice versa. Alameda/FTX/SBF are just early investors in Solana/Labs. Alameda/FTX/SBF are total utter shitstains, but they're totally separate entities from Solana/Labs. And a crashed price doesn't necessarily indicate fraud; even bitcoin had really bad crashes. If you observe you will discover that dev have moved away from bep20 and embraced sol, this is evident in the numbers of shit that are springing up on the Sol network. Transaction fees are very cheap on the Sol network, far cheaper that bep20. But then too much shit projects.
I think you have a valid point here. Super-cheap transaction fees let SOL be an ecosystem of sh*t projects. Recently, the meme project craze has been moved from ETH to sol ecosystem due to its super low transaction fees and lightning-fast finality speed. The only thing that pushes sol price is its potential airdrop distribution from all of its tokenless protocols. Even the sol price is highly manipulated, I think. Despite this, there is no shame in accepting that SVM is one of the most unique technologies on the market right now.
If you observe you will discover that dev have moved away from bep20 and embraced sol, this is evident in the numbers of shit that are springing up on the Sol network. Transaction fees are very cheap on the Sol network, far cheaper that bep20. But then too much shit projects.
[...]
Then again I'm not a big fan of most alts in general, so my opinion is based not only on ignorance of Solana's mission but my own prejudices against any crypto that isn't named bitcoin.
Solana's mission hmmmm....what mission? hehe. I think a lot of those who added SOL to their portfolio do not know or do not care to understand what Solana is trying to achieve. They only care about how they can use the hype around it and maximize their profit. An example of this is how they take advantage of Solana's cheap transaction fees to farm as many airdrops as possible. Then again I'm not a big fan of most alts in general, so my opinion is based not only on ignorance of Solana's mission but my own prejudices against any crypto that isn't named bitcoin.
Considering how scam projects are being dumped inside the crypto market, any credible project that has proven it's reputation in the market is good to go, despite any facts of setbacks that they might have. So this Solana, network shutdowns can be overlooked by it's investors inasmuch as it won't affect their investment, hopefully in a matter of time it's team will fix the problem. Trusted and reputable coins/tokens are a rare commodity in the crypto space, so when investors sees one that it's trust ratings are high, it'll be easier to overlook some shortcomings that'll affect it.
Although it had pumped a lot already to reach $100 but still, as long as there's a huge market and liquidity on it then that's hard to remove from making everyone to invest on it. As the network of it shutted down, I don't see any reaction on the market with it and instead that there's not that much attention from the individuals that are into it.
I don't know, man. That line of thinking sounds like a mixture of blind faith, following what others do, and second-sucker theory.Solana has never been on my radar, so I'm not quite sure how a coin's network can have outages but as a disinterested observer that sounds pretty ominous to me. And yeah, SOL might have shot up quite a bit in its history but so have tons of other coins (most of which are total crapola). Then again I'm not a big fan of most alts in general, so my opinion is based not only on ignorance of Solana's mission but my own prejudices against any crypto that isn't named bitcoin.
I don't think people will trust this token again after the scam that the fraud has done to the common people. Because currently there are no people who haven't been caught by buying these tokens or even some ordinary people have survived. Many who held and thought the price would skyrocket later got caught. There will be ricks in digital currency but the fraud is really bad and used in a bad way.
And besides Chalna currently no one is buying in such a huge amount because everyone knows that Tokenda once they lose trust will not trust cute again and again I personally don't support it and I won't buy it now I don't know what others will do then let's see.
And besides Chalna currently no one is buying in such a huge amount because everyone knows that Tokenda once they lose trust will not trust cute again and again I personally don't support it and I won't buy it now I don't know what others will do then let's see.
That's one of the biggest problems with Solana, some people say that if Solana doesn't solve this problem, Solana will no longer be popular.
but some people say solana will survive and return to normal.
but some people say solana will survive and return to normal.
I will give my opinion about this I think Solana should solve this because if not people will not use the Solana network because of the many problems people will move to another network but Solana will not be silent about this case they will solve this problem as soon as possible otherwise they won't survive as long as this case hasn't been resolved, that's what I think
Not a fan of sol from the beginning because of its involvement with FTX and Alameda. Though i like its SVM approach to faster the transaction speed but transaction speed is not the only thing that makes a project demanding. This is not the first time SOLANA network went down and i think this won't be the last either. If it continues to happens then investor will surely find another blockchain that is fast like solana but has better uptime like bitcoin network.
1. I'm still invested even with the outage, because having more outages was never impossible.
2. Not really, but there's no denying that having outages is very bad.
3. As long as it doesn't have an outage literally every month, then no.
Just additional context: Solana is one of the only alternative Layer-1s that actually grew in ecosystem size that isn't just a copy-paste fork of Ethereum's EVM. Solana was built ground up and is technically VERY different from Ethereum and other EVM chains.
2. Not really, but there's no denying that having outages is very bad.
3. As long as it doesn't have an outage literally every month, then no.
Just additional context: Solana is one of the only alternative Layer-1s that actually grew in ecosystem size that isn't just a copy-paste fork of Ethereum's EVM. Solana was built ground up and is technically VERY different from Ethereum and other EVM chains.
Have been usual problem when some network get shut down and I don't think have to worry with Solana network shut down awhile before returning back to normal, I faced many time with BSC Scan network congestion and take more than several hours for sending coins completed but its not problem will make BNB get lower price. Solana teams have found the solution in short term and network of Solana have return to normal without get much problem with Sol coin down, unfortunately Solana coins pump drastically after get network shut down and success break out until $110 last several hours ago.
Don't make your self panic and take bad conclusion when network of solana shutdown, be patience and accumulate when the moment solana in lower price after facing problem wit network before returning to normal and price of solana easily back to higher.
Don't make your self panic and take bad conclusion when network of solana shutdown, be patience and accumulate when the moment solana in lower price after facing problem wit network before returning to normal and price of solana easily back to higher.
I will still invest in SOL and projects on its ecosystem. Even when the power went out on February 6 - it took 5 hours to come back on, Sol's problem was a normal problem and I believe they will fix it in the future. SOL is still a good investment opportunity. In investing, risk management is very important. Therefore, choosing Sol or not requires deciding for yourself and setting goals and plans for it.
I guess Solana teams will find solution to that problem so that, it will not affect their customers like the way it affected their customers last two years that made many people to found alternative to invest in another altcoins that is giving them little results from their investment.
I'm not a Solana investors but the stage the price of Solana are now in the market, it show that it will bring good profits to those that invested in the past and, I don't think it will develop any network outage again so that people like us will take a step to add Solana to our investment but if the issue still repeat itself again, I will not be part of the investment.
I'm not a Solana investors but the stage the price of Solana are now in the market, it show that it will bring good profits to those that invested in the past and, I don't think it will develop any network outage again so that people like us will take a step to add Solana to our investment but if the issue still repeat itself again, I will not be part of the investment.
After all those outages and a huge dump party due to the FTX saga a while back. You would think that SOL should now be worth less than a dollar, but no, it's above $100. Now, am no fan of proof of stake blockchains in terms of utility, but the fact that SOL rose from about $10 to over $150 in a short time despite all the mess means that it has potential to make profits.
And I know the outages will not stop people from investing, so long as they can profit. If people can through money to useless meme coins and NFTs, then how about solana?
And I know the outages will not stop people from investing, so long as they can profit. If people can through money to useless meme coins and NFTs, then how about solana?
Jump to: