Bitcoin Forum

hi,

it happened to me before with CHZ, now it seems history repeats and I ended up with a bag of SOL. ;D
What's best in my scenario, still trade it and accumulate more SOL, sell and look for something else or holding it hoping one day i'll reach again $200?

thanks

SOL already pumped, look into investing in DeFi projects on SOL or diversify into another project that hasn't pumped, like NEAR protocol and Ref Finance on NEAR.

SOL is too crazy. Many times I feel that I lack research，I paid attention to this coin before. But I didn't study it well， I missed it。 I think you can share more of your good methods and experience in finding projects.

SOL is a really good project especially with all the NFT project ongoing on its network, it's very fast network and it's very cheap transaction fee. It has already recorded an ATH of $214 and has a good potential to get to $400 as it gains more visibility.  

As you consider SOL, there are some other promising coins like FTM that i personally now monitor.

In my opinion, collecting it at this time is a good moment. Now the majority of crypto is down as bitcoin has been slammed, but it will also have to be seen how SOL moves when other cryptos are normal, does it continue to rise? and I think this makes sense assuming that other cryptocurrencies are normal and SOL is still holding up and even increasing, which means the SOL pattern is good.

As long as you believe it's a great project, you don't have to worry about its future and its current price.

A market correction is normal, sometimes a huge dump will happen to strengthen more the market, but it will eventually bounce back.
If you are a short-term investor, then you should be aware that buying a coin when it's pumping is a bad idea, you gotta learn that.

My personal evaluation on SOL, I think at the moment it's overvalued.

Apart from Solana, at this time you can also collect Cardano and AXS, both of which are already good and will have great potential in the future, so apart from Solana, you should also take a look at the two coins I mentioned at this time.

solana is a new project with a very interesting features wherein reason it skyrocketed to the highest price in just a month and become trending around the internet , unlike other old projects that until now they don't have any proof how good they are on the space. So expect more good improvement with solana in the future.. And yes buying on this situation is a good idea, it's a opportunity, indeed.  ;)

SOL has gained a lot of popularity as they have created their own blockchain. It looks like it will serve as an alternative to ETH in the future

If you're in profit, sell.

You just repeat the process and as you've said, you're in the same situation again of bagholding this coin. But don't forget to take profit while you can.

Did you bought it on $200? if you did, hold.

Yes. The SOL coin has future potential, even exceeding $200. I predict the price of the SOL coin will reach $250 by the end of the year. Holding SOL coins is currently the best solution. I see the price of the Solana coin not dropping too much when the market is dumping. This means that the potential to increase is much greater in the future.

Why not continue to hold on it until the price really peaks around $200? Good for you though, you have been a bag holder so obviously you are in a huge profit right now.

Well it's you investment anyway, hard to give you financial advise whether to sell and look for another diamond in the space, because it's also hard to choose one at this point. So good luck with your decision,  and hopefully you make the right one.

Solana network NFT is coming soon. There is a lot of potential that makes Solana one of the best networks today. They have high transfer rates and very cheap fees. This will help them compete and maybe they will outperform ETH in the future.

I prefer to sell some of SOL and spread the funds among the project you also believe on.
It will minimize the risk of your portfolio being so volatile in any market condition.

You could try to become whitelisted on some Offering tokens on Solana platform, i saw most of the project that comes to Solana always brings great return to the early investors whom got whitelisted on the offering.

I don't think it has something to do with lack of research. In my opinion, most of the time, the good players in crypto always have good connections that would make them be able to access good information from other sources. It's like you have built yourself a network of fellow cryptocurrency enthusiasts that they are willing to share with you information and their practices. Unfortunately that is very rare. Many prefer to keep the secret or their strategy to themselves.

keep it because sol is a good project, now the price is down to 150$ due to correction after a very high overbuy from 70$ to 216$, so it's natural for correction, it won't take long until sol goes to 200$ again, maybe early Q4 some coins which has reached ATH, will reach a new ATH again.

Isn't SOL hyped too much?

The price is still very high for SOL, you still could dump it and wait for the price to drop $130. We have seen this project grow but I have not thought it will really go up this quick, I'm sure it will still go down a bit. I wouldn't really try to buy some altcoins right now it looks like some groups are pumping coins so Bitcoin holders can buy some tokens.

I missed the boat on SOL but I'm finding some real gems on Ref Finance and Skyward finance on NEAR protocol, so I guess I can't complain. I think SOL can eventually hit 2000 USD and NEAR possibly 200 USD EOY.

solana isn't too hyped. and this is a fair market for solana. I think the market capitalization and concept of solana providing low gas costs for transactions is one of the reasons why solana can increase rapidly this year. this is very natural and not the influence of some groups

Are you seriously consider yourself a bag holder after 4 days of negative value? From then almost every crypto coin went down. If you are worried already about that, its better for you to quit crypto and invest in something less volatile.

I have been hoarding SOL and NEAR for quite some time and now both are going up, I feel great and now I can sell for profit, and you own buy sol how much is your profit?. My prediction will be $200 higher by year end and i will buy it back for less than the current price i sold.

The hype of SOLANA is huge these days, lots of new projects are being created in its network, and the projects are generally successful. If you can hold it the $SOL price could be over $200 in the near future, if market conditions are also favorable.

good choice guys to be on the soles, the hype of the soles is not to be missed and at the moment the soles are having great potential for the long term. the most important thing is to choose the coins on the best sol network. even though the sol network is on the rise, it's a good idea to remain vigilant because all cryptocurrency coins have risks

If this reason can strengthen your strategy in investing in the future, with many considerations that the coin can provide maximum profits in the future, then you need to hold on to reach the value/number you want. However, if according to your study of the coin it does not provide the best value in the future, it is likely the most appropriate move for you to sell now, rather than hold it, but not provide any value in the future.

I'm hopeful that SOL will touch the 200$ mark again very soon. So I personally think you can hold SOL for a few days if you want. There is no doubt that SOL is bound to be one of the best choices for short-term investments.

Lesson No.1 - never buy a coin at ath or who has already gone up in percentage alot, the pump was already too scary and this dip was bound to occur,
That being said, you can either develop a steel hands and hold through or sell now (for a possibility of more dip) and buy something fresh to recover.
It is possible for sol to hit that price again depending on market situation, probably it won't happen now.

SOL is currently in a price correction and i believe its normal. If we can hold them for years then that will be good for SOL because we know the project has definitely good potentials and might even outgrow ethereum in the future. Yes, it might fall into a more dip but if we think this project has the potentials to survive, then it will definitely bounce back again. So no need to worry for bag holders of SOL, you will make huge profits as long as SOL continues to be bullish again.

There’s a lot of investors trapped on that price level because they get hyped and that’s is the result of that. SOL is indeed a good project, but for me it will take more time before it finally reaches the $200 price again, also it may not happen this year so be more patience. Though I’m confident that SOL will rise again when the bull starts to show again with Bitcoin, because altcoins still deend on that.

To be frank, SOL has had a tremendous growth over the months, in fact this year's has been a good one for the SOL ecosystem in general, but what happened few days ago where there was congestion and the nodes were shut down really took SOL back as well as questioning the trust most investors and users have towards it.
Nevertheless, this space is known for be filled with surprises in a lot of ways, and as for SOL I do not know what the team will come up with to explain what actually happened and so on.
Therefore, in my own opinion, you can refer to SOL as a long term coin, such that if the team gets it right again as well as preventing such from happening again, another level of attention and growth will be seen.

I'm sure the sole holder so far must have had tremendous wealth.
Solana has skyrocketed, even by crypto standards, said Antoni Trenchev, co-founder of digital currency firm Nexo.
The coin maker says solana will strengthen faster and is certainly cheaper than competitors and supports more than 1,000 transactions per second, with an average fee of around $0.00025.
 

For those who buy at ath they can't do much than to patiently hold for a recovery which I believe will happen again, sol has had a good performance this period, one of the best performing coins in 2021, i don't think you should worry much @op for this dip, it will recover at the right time, selling at loss is not a great idea at all.

Even that, we can't simply ignore the volatility of the market which gives no assurance that the future of this project is really good because as for me, I'll take the chance to sell them at a higher price and reinvest during its fallback. Many times that I'd miss some bigger opportunity as I keep holding looking for a bigger return but realize that it was not a good idea. May it depends on the project but we should consider every pump is an opportunity to sell as we are not sure as well that pumps come next unless if it is Bitcoin.

It's all up to you. How much research you have done on this project and how much you believe in this project all depend on it. And if you ask me what the future holds for this project, my answer is, Solana is a solid project. The future prospects for this project are very promising.

The situation cannot be created by worrying too much about short-term market price changes. If you are a good trader, you can trade every opportunity and increase your holdings.

Instead of accumulating those coins maybe lookup their ecosystem I mean there are many projects coming up on the solana ecosystem So many games and defis Follow those new coins and maybe buy some and hodl instead of buying sol that have really fired up Smallcap coin can get really interesting at the end of the day SOL is like 5-6 on coinmarketcap Sol ecosystem can be number 3000 Do your Math

The Solana network NFT will be available soon. Solana is one of the finest networks nowadays since it has a lot of promise. They have low fees and high transfer rates. This will help them compete, and they may eventually outperform ETH.

To baghold means to keep holding tokens/coins that have become worthless in value. Going by that definition, which is a universal truth, it then means your tag on Sol isn't correct. Solana may have dropped in price from >$213 to its current price at $143, it's still a great coin and there's enough room for it to bounce back and even surpass its ATH. Again, if we take cognizance of the fact that it was sold for less than $0.60 less than a year ago we should be able to understand how marvelous Sol is. I encourage those who hodl to still keep hodling. It's just a market correction it's going through ATM. Nothing to panic about here.

However, there is no fresh breakthrough in his underlying technology. I feel that SOL is a bit overestimated these days. If he is just a repetitive project without any innovation, it will eventually be abandoned by the market.

Solana is not a project that makes repeated concepts with others, but Solana has a different concept from the others and also does not go overboard with pumps and declines because so far Solana has been very good and good in the stock or market.

I crossed the sole at $30 a month ago and didn't expect there to be a big pump on the sole even though bitcoin isn't making a big move, I don't want to go in at the current price of around $140 right now and would rather try to find another altcoin with potential like sol.

But you have to calculate the results of the SOL, is this the right step or this will only make you lose in the future, the scenario must be clear before it's too late, if you can maximize the opportunity to buy, then make the purchase , if there is a crash against existing coins, it will be covered from the results of new purchases at this time, but if the opportunity to hold can provide stability in the future, you need to defend it, so that at the right time, you can take real profits, all of that must be weighed against profit and loss, before everything you do is too late.

proof that SOL is not CHZ, too bad for me I sold everything already. Lesson learned.

But, SOL is already at $200, so what are your plans now, would you want to sell the coins you’re holding or you’re still going to continue holding it? I can’t tell you whether it will keep improving from here, but it is quite possible. SOL is a good investment to hold right now, and it’s one of the top trends this year, apart from others like SHIB, Binance Smart Chain and the rest of them.

What should determine whether you’re going to be selling your coins now is the amount of profit you have made so far. If you feel that what you have now is enough, then you can go ahead and sell if you want to, if not, and you’re ready to go on with your Hodl (having it in mind that the market can still reverse) it’s up to you.

As long as you believe it's a great project, you don't have to worry about its future and its current price. My personal evaluation on SOL, I think at the moment it's overvalued.