Bitcoin Forum

should i buy this time or invest in other Crypto? is Solana good investment?

The current market conditions have not provided an opportunity to invest in Solana, this will have an impact on the assets you have, you should invest in Ethereum and BNB first, when the initial bull run comes, then that's when you make a purchase on Solana, a habit that occurs both coins will experience a faster pumping for the altcoin class, the correlation is quite clear, that the reaction will have an impact on the next Solana

that's your choice. We can't dictate you whether you shall buy now or not. So far solana is always showing us a good development result and that's why this coin can be considered as a major coin right now. It's always become a very good investment for long term. During the market crash and any coin will always become a legit investment except those garbage coin which has no value and scam token. You must aware if there are bunch of tokens right now. Solana is worth for long term investment.

We do not know for sure that this is the bottom of the market.
If you want to invest in altcoins, then choose coins whose price is closer to the presale price of large funds. Then you will have an advantage over other market participants.

Solana is a good project. is still good for investment their price is down 80% from their all-time high. But Solana is a very unique project due to their exciting feature fast, secure, scalable, and decentralized. Solana is 3800 times faster than ETH 10000 times than BTC.
 If you want to invest in Solana for short term at the current marketplace so bro is not the right time to invest. you have still wait for their buying zone with DCA of your portfolio & if you want to buy for long-term investment so it's not bad at the current price of 34$. I am not a finical adviser but it's my opinion.

Solana volatility is srong it easily drop and easily go up. I still see it as a good investment due to the previous ATH. And a lot of Devs are using the Solana ecosystem also. So, its a good investment.

Solana is a good investment. If it drops to 5% then you are buying Solana with an additional 5% discount.  I think it isn't a bad deal.

If you are interested to see some crazy predictions or  speculation about solana price that may hype you then you can check this : Solana (SOL) price prediction 2022 (https://www.finder.com/ph/solana-sol-price-prediction#:~:text=Solana%20(SOL)%20will%20see%20its,top%2Dperforming%20altcoin%20of%202022.)
They speculate the price of Solana by the end of the year:
2022 = $222
2025 = $486
2030 = $1,267

I don't know how reliable their Technical Analyst is but if that happens then you know you did a good investment.

now market conditions is not good and on the other hand solana ecosystem have some problem and solana work slowly now . so i will not suggest you to invest in solana . if you really interested to investment at the time you can bought BNB , Ethereum and bitcoin. these coin will safe your money. you can get loss but it will only for a little time but you will get return your investment easily

Your money = your choice. Invest in a token or coin that you thought that if it's still undervalued. If you are believe in solana and just bought it using your cold money.



Talking about whether solana was a good investment just like talking about if a company that already proven its reliability can be called as a garbage company and i said that's still worth and the bearish market is making it even worth to buy.

From a general point of view, this could be the best period to invest in your choice crypto or altcoin as most of them has reduced in value to a large extent. It could be a good idea to consider buying some quantity little by little to avoid the risk of buying a lot and the value still reduces. So plan your strategy and remember to only invest with your spare funds.

You don't ask someone if you should invest on it because you should have your own decision in doing so.

But the golden rule for every investment, if you think that you're having a discount then buy it and make sure that you're prepared if another possible drop will come.

Because if a sudden drop occurs, you're going to buy it again. Many agrees that sol is a good investment and it's par with other top altcoins in the market but, if I were you, I'll do things on my own.

The money is in you, of course the decision is yourself, invest in coins that you know, don't just look at it in terms of decline, but also analysis must be based on it.

About the decline in Solana's coin, it all happened to other altcoins, of course, many said it was a discount. If you feel it's right when it's going down, then buy it. I know Solana, a big coin, has potential in the future if you don't worry about it.
I'm sure Solana can grow again it's a strong ecosystem you have to believe about that.

Solana is a good altcoin with the potential of growth especially when the market is bullish. This could be a good time to get some quantity, though there's still a possibility of the value reducing more as the market has been bearish for a while now and it doesn't seem to be changing soon.

I'm expecting that many people would say yes. But to me I don't think Solana is a good investment anymore. Aside from Solana having already reached high, it has also shown a lot of problems. It has experienced network shutdowns already. That's a big no no for me. If this repeats, investors might finally realize it's not a good choice and lose trust. This is will result in massive dumping. What happened to Terra (LUNA) could happen to Solana as well.

It's hard to speculate these days caused by the price of crypto already dumped to the bottom. The only thing that i can suggest you are if you are feeling confidence with the current price and then you can try to invest in solana. You can also try to divide your money to invest in another crypto as well. it doesn't matter what kind of coin as long as that's top coin. These days there are bunch of top coins already undervalued caused by the dump. Solana is also one of the best choice for now.

Looks like you've found the coin you're going to invest in, no one can tell you where the bottom of the market will be but look at current market conditions and more specifically Solana, the altcoin you're looking to invest in. I think it's a good time to buy Sol at this price, as it's over 70% off ATH. Since we can't determine whether the market will rise or fall, you should use DCA to be able to buy the best prices possible instead of buying once.

when the crypto market weakens like now, the decline in coin prices is something very normal to happen, when compared solana with other coins such as BTC, ETH, and BNB they are down almost 30%, and there is nothing to worry about, I think these declines are a good move to buy them, because they have very bright potential and prospects so they are likely to increase again when the market recovers.

No one can look into the future and all we can do is give our best estimates here about what can happen in the next few days, weeks and months. I can say that i also have Solana in my personal watchlist to invest into. I still have a little bit of stablecoins laying around that are doing nothing and that i want to invest into promising projects of which i think can do a x10 from it's current price in the mid- and longterm future. Solana is one of those.
I personally will not invest until the price per Sol goes down to below 30 USD, maybe even below 25 $ depending on the market at that moment. I think a few more negative days like today and we will see those prices.

In my opinion, if you look at Solana's development, it is quite constructive, this is a good project. Really found some solid teams with good experience in blockchain projects. Solana has great ideas and plans to achieve the idea step by step. This shows that the development team is willing to be more open and function better as a team because of it. I personally believe there is a great community behind this project that is working towards a brighter future and sometimes SOL is starting to move on its own not joining BTC.

Though I lost my money to invest in crypto, this is the time to buy few cryptoes. I buy few coins and also buy sol about 20 minutes before. Sol is now below 34 dollar, may be less after few hours. But, if market is high, that will be problem, so right time to buy sol.

Still waiting for the market to crash a bit more. For me, it's still not in a good position to enter the market. Hold your assets and wait a bit more. If you can make a DCA (Dollar Cost Average) out of it, then it should be fine.

Perhaps, you can. Solana is a good and growing project, however, with this bear situation, you can expect its price to drop just like the other projects. If you have some guts and interest in this then I would say go for it. But I would advise not just to put a huge amount into this (5-10% investment share is good enough) and of course, must accompany with Bitcoin and other potential altcoins, meaning - don't risk your money solely to Solana.

All altcoins are dropping, there may be still another drop in price for Solana and also other altcoins. I cannot guarantee that Solana is a really good coin. But, if are looking at the blockchain concept, its development, and also utility, this coin has a high chance to survive passing this bearish market and will probably have a chance to have a higher price in the future.
But once more, this is only my opinion. I also have Solana and still holding them because the price still keeps dropping. I am sure that this is one of the worthy coins to hold for long term, at least until the next bullish period.

solana definitely a good investment, it's been going quite great even in the middle of massive correction but 5% fall of value is nothing.
If you truly want to accumulate, maybe compare current value with the ATH, then maybe you could see if the current value of solana is really worth accumulating or not.
After all solana has lost majority of its value and maybe at this current time is best for accumulation even if the value didn't fall 5%.

Solana is one of the few projects that I consider a gem, owing to the fact that most NFTs are developed in the chain. The issue of 5% reduction in the value of Solana is no news as most coin in the market has witnessed much more reduction in value and it feels like Solana has had a fair share in the falling prices.

I, as an investor, see that this is the time we have been waiting for years to buy high-potential coins at a low price, and highlight Ethereum and Solana. Although I lost a lot of my capital in investing Solana coin after its price reached a low level compared to its price several months ago, but I still Optimistic about this coin, I can't tell you to buy or not, we all have our own opinion, but this coin will have a bright future when the bull season approaches. So do not rush to enter, do your own analysis, and then make your appropriate investment decision

For a coin whose blockchain had blacked out over 7 times should be more than enough reason for you not to waste your money on such overhyped shitcoins. Believe me, you will never see  a new all-time high for solana just like the man other proof of stake shitcoins. Just ask people who bought EOS in the last bear market.

Maybe Solana is one of the good altcoins to invest in, but in my opinion it would be even better if we invest with altcoins that have been proven to be able to survive when a bear market occurs and if the bull market returns later it can make the coin price movement able to hit a new ATH again like with ETH and BNB because both have so far proved capable of providing great returns for us especially for those who invest in it long term.

After the recent issue of Solana where the network went offline again after how many hours, the price of Solana really dropped too much and nearly reach $20.
But another good thing happened when they released the Mobile phone on Solana but it seems there is no real huge effect of it on the price.
The market condition is really affecting most altcoins, especially on Solana which really one of many outperforming altcoins last year.

Solana is one of the coin that I bought during this season because I believe its worthy to include in my portfolio. So to answer your question if you should buy I can say it depends on your analysis. DYOR to find out because you'll going to invest your own money after all. The price is cheaper compared to before and we know its always a good time when the coins are decreasing further but still it depends on the specific coin that you'll going to buy.

So far, almost all existing coins are in bad condition, so there is no strong reference to say that Solana is worthy of being invested now. But believe me, if you start reviewing or analyzing Solana before there is a large correction in the market, just promise this coin to invest, at least the initial reference to the journey of Solana has been held, after that just make a decision, to invest or not

As long as the OP has done his own research and he feels it's a good coin he can invest in, the market has dropped a lot and this is an opportunity to buy. What coin to buy, we cannot give advice because it depends on each person's knowledge.
Solana is also a potential coin, it's not as certain as bitcoin or eth but it's better than shitcoins and memes.

Whether or not you should buy should be up to you to decide, because investing should always be based on your own research, not on forum comments. And you haven't decided what you want to buy Solana for: speculation or long-term investment. Looking at the chart, Solana continues its decline, just like the rest of the industry. If you want to use it for trading, you risk a loss by buying now. If you want to invest, you'll have to be patient and wait for the market to recover.

Not only solana the cryptocurrency market has been dropping day by day showing little or no signs of recovery.We are currently in a bear market and everything is going down don't think this is a great time for making an investment one has to be very careful when doing so and make proper research about the project so as to prevent loosing your funds in the bear market.

Imagine, now they are focusing on mobile phones instead of improving the network that keeps blacking out. Personally, I think I have got a cheat code to the game. Most of this proof of stake altcoins meant to replace or overtake Ethereum are just money making ventures. During the bull run they pump so hard, then during the bear market, they dump so hard too. In the new bull market, we start seeing new Ethereum killers and the cycle continues

I mean look at EOS, TRON, NEO that were meant to rival Ethereum back then, this last bull run, they didn't even get near their previous all-time highs. The same fate awaits solana, Terra Luna etc

solana is quite great investment sometimes better than the likes of avalanche and matic.
But if you could accumulate at the right moment basically at the time solana losing majority of its value then you're gonna be making tremendous return of investment at the time of bullish.
just observe its current value and compare it with its ATH, if you see it's already down more than 60% maybe it's a great time to accumulate after all coin like solana eventually goes up.

Solana is in a huge price deduction a good time to buy indeed. But before we decide to buy this we must be sure that we are also willing to wait for the recovery, that possibly a long time. It was spectacular that potential coins are in the huge dump, however, people are still in doubt if they will buy them or not while they are also buying them during the bull season.

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Well, even I have the money to invest in crypto, I will still not choose Sol at this time. I have some of it already, so I think that was enough. I'd be rather focusing into Bitcoin and ETH at this time.

Buy solana and investing in another crypto but yeah this is quite profitable enough for you caused by solana is still dipping now. You can buy that with the hope to recover again maybe next year but im not sure if that will be possible to recover this year. The fact that if these days the bearish market is still making bunch of whales are feeling worry to get into the crypto again. It's better if you are also having another option from the market as well.

It is very important to convert other investments under current conditions, because the market is not so sure that it will have a complete recovery going forward, at this time I still doubt that Solana can have an impact going forward, even to many people's concerns for this year the market is quite difficult to recover, this will affect altcoins, therefore there needs to be an option to outsmart conditions like now, so that the investment we make can run and be able to grow even though it is in a small capacity

This does not happen to Solana but almost all cryptocurrencies, as we know that the price trend of cryptocurrencies has similarities, up and down in the same time, but today is good because the market rising again and eth is getting closer to returning to $1200.

Why not? Is it because the drop is only 5 percent? Anyway, the current market we are in right now is bear and bear is an opportunity for anyone to invest. Also why would investing in solana has an impact on other assets that we have? Is it because solana is the one that will go up first and others will be left behind?

It's not a big deal IMO because eth and bnb are also a good coin and they will soon catch up once bull run returns. About the initial bull run you are saying. I think investing during that phase is not wise since coins are already recovering and there is no guarantee that the bull run will continue so you might only incur a loss.

So, will you wait until the market will recover and then you will be starting to buy sol at the peak price again? don't be so stupid. You need to accumulate solana in the various level to make sure the risk will not be so high. Think about that. The golden chance will not come for the second chance. You must also aware about that and i hope that people were also aware about this as well. There are so many people this time accumulating more and more tokens from the market. solana is the best investment as well.

Solana is a potential coin but with the current state of the market, it needs more time to recover. Wait for a few months if everything is back to normal and do your research before making a decision on what coin you should purchase.because we have a better understanding of what could be possible in the upcoming months as well as our own experience about the price of these coins.

Until one day, no coin will ever be more secure than bitcoin or ethereum, so don't overlook them for a shitcoin. All current altcoins are speculative, none can exist as seriously as bitcoin, so when investing in altcoins we must accept the risks it brings.

you should invest time to monitor the price movement before making decisions mate. Because buying at the fluctuation is very skeptical and its doesn't mean always that the price will bounce back afterwards and will continue to make another higher highs in the graph as it depends on some factors.. So be aware if i were you.. Make TA first before anything else.

The emphasis must invest in Solana or in other crypto is still quite open, the problem is that for now the market is in an unstable condition, so the opportunity to get maximum profits in Solasa is not possible, initially Solana is still included in a good investment category, but due to conditions The market has declined, thus making Solana corrected until now, I suggest to see other potential altcoin for you

That's what I mean, maybe this coin will be at a stable value in the future, but not for new ATH, so to start investing here of course you need to prepare other coins too, so that we can maximize every existing investment, so that the conversion loss can be exchanged at another coin that moves.

But if you choose one coin, this will have an impact, if there is no increase at all, isn't the investment made solely to make a profit, therefore another coin is needed to cover any decrease that occurs on a particular coin

Solana was listed, along with Celo, by the WEF as an approved crypto, so if the developers can actually keep it from breaking down, it might amount to something one day. That said, another Illuminati coin that will likely produce higher returns is ICP, considering that it was traded at 500 usd before and is trading at only 5 usd now. This project is often invited to Davos for Illuminati meetings.

Plus, SOL already faced trouble and feedback about how it gets frozen when there is a big deal going on in it. All of that 65k TPS turned out ot be a wrong thing and it doesn't reach those levels at all, not even quarter of it. This is why a lot of people left SOL and found other stuff, like Avax which can sustain bigger transaction amounts.

Basically, I do not know if SOL would ever be the type of coin you would pick for just one investment, if you have a vast portfolio then having SOL in it doesn't really bother me, that would make sense actually, but if you are going to invest into just one thing, then having that thing to be a big risk, criticized thing would be bad idea.

I think right now is kinda the best moment in terms of investing in solana since it has already lost its value largely, instead if we wait for the cryptocurrency market to get better, that means it’s already late for scoring high return. I mean solana could be declining further regardless that could be overcomed by investing slowly

Of course what you say is true, even I have tried several times to analyze and get to know more about these coins, but in fact they have decreased so sharply and can make us lose the value of the investment, but personally I don't just have Sol in my trading wallet me, because there are many other coins that I convert, it is on the basis of this risk that we try to convert to other coins

Solana is a good invest but whether you should invest it now or not is a different question. 5% was not a big margin to decide if it's a good time to invest or not considering the price today is having a slight up with 0.9% at the time I wrote this post, so you might need to do some research first and not just making your decision based on the 5% itself, there are so many things to consider.

the movement in crypto continues to run fast so you can't only see from one time when it drops 5%, because it could soon go down again or even improve. when the op said there was indeed a decrease and if you look at it now it's actually an increase of more than just a 5% decrease. if you want to calculate it now it has increased by 30% from the time op said, I actually agree with my friend above that solana is a very good investment so don't hesitate to invest if you want, there's no harm in always analyzing it first before doing anything in crypto .

All coins are down including Solana, I think Solana is a good altcoin, but no all altcoin can be trusted. I think it will be better if you invest in bitcoin, I think is just a suggestion, no altcoin can be trusted we all saw what happened to Luna. Bitcoin is the only reliable coin which I will advise you to invest in, no matter how bitcoin dump it’s definitely going to bounce back. We all see that bitcoin is down so I think if you invest now it’s not really a bad idea, but you can do more research on your own.