Topic: Solana network shuts down, will you still invest in SOL? - page 2. (Read 270 times)

Experiencing this kind of outages only means that demand exceeds their capacity. This kind of problem can be solved by upgrading their blockchain to a better one. An outage will surely not make a blockchain because it’s shows the popularity.

The only way to kill a blockchain is when there’s one interested on using it while Solana network is experiencing the opposite which is the surging of demand. Ethereum experience this kind of problem before when NFT is newly introduced in the form of crypto kitties. Later on Ethereum manage to improve their blockchain through side chains that solve this kind of crisis.

I’m not invested on SOL but this kind of problem is a good problem not a bad problem because it only shows how popular the project is.

I read the issue happen due to the complications in the Berkeley Packet Filter.
And Im pretty sure this "outages" will happen again in the future before the Solana dev/foundation focuses on the scalability, security, and sustainability of the Solana network.
But "Failure makes you stronger" I salute the solana engineers that they quickly address the issue and release an upgrade to fix it less than a day.

I still believe Solana still has a bright future, another outage doesnt mean Solana is bad.
Its just another step to make the Solana network have a better stability and reliability.

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.

Of course it influenced my decision, but because I'm the type of investor who just goes with the flow, I decided to continue accumulating Solana (SOL), remembering that this isn't the first incident related to their blockchain, they can always overcome this problem.


A little, but it goes back to my statement in the first point that this isn't the first problem they have faced, there will always be a way out.


I've no comment on this point, we can't know what will happen in the future, let's just see how the variables of the Solana blockchain issue impact the price in 2025.

This has happened many times or sometime in the past before. If you're asking whether I'd invest on it or not, this time, I'd invest if I have money on 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.

While somehow before that I am bothered with the failure of its network but then, I'd see the entirety of it that with its market there's nothing wrong with it. So, if you're just for investing then you might consider it and I am telling you that if only I've got more money to invest then I'd do so. But since that I am just speculating and trying to budget with everything. If there's an immediate money that I have then I'd buy first Bitcoin and stack more of it. And then, next to it are the top cryptos in the market including SOL and the rest of it that's close to its ranking.

As for my decision if it has impacted me or not, before that I've seen that it was quite low and then I didn't invest. That's what keeps on bothering me and all of us have got this stage of our lives that we've noticed it on how low it was but we didn't do anything until we saw it pumping.

I don't have SOL right now but if I have additional money to put into crypto am sure that SOL can be a good candidate. And it is because a crypto platform that already survived so many outages - 11 count so far - and have the coin's price unaffected proved that the confidence and trust of its community and its holders remains so strong. Holders might be looking not at this problem but of the full potential of SOL that's why the market just shrugged it off as if it did not happened at all. Still, if this problem will happen again and again there comes a time for reckoning, for sure.

Recently, the Solana network experienced its 11^th 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:

• 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?

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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