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Author Topic: Should you sell ethereum and btc to buy Solana/SOL?  (Read 1094 times)
AwoCorporation
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October 02, 2021, 02:20:28 PM
 #161

I don't think that it would be a good choice to make SOL a short-term investment, the price of SOL is currently the highest point, if you make it a short-term investment it is most likely a loss, or just a not very big profit, even though it is SOL is a very promising crypto asset, and if indeed you are going to buy SOL by selling BTC or ETH I don't recommend it, you are better off starting with money or other assets.

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October 02, 2021, 03:04:00 PM
 #162

If you are selling your BTC and Ethereum to buy Solana, I think it is not right choice. You can do short or middle term with Solana, but for long term Ethereum is the best in the market.
I agree with that. Or perhaps there's a better choice which is just making a new fund for buying Solana.
Why should you risk selling your Bitcoin and Ethereum when we all know it will just keep on going upwards in the long run.
Let it be, keep it as your long-term investments and just watch it bloom until the next decade.
As for new projects that are being hyped, just provide something to buy in and don't chip away a little bit from other investments especially the two coins that was said.
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October 02, 2021, 03:55:35 PM
 #163

Either Solana good for short or long term investment, never will I make that attempt of selling my btc nor eth. But I sure can sell some of my shit coins to buy Solana as it's proven to be one of the best in crypto world too.
That's the ideal thing to do.

Sell those coins that are worthless to you but has brought you some money and use that to buy the ideal coins that you want.

And for example, buy solana with those but do not sell ether and btc for it.
If you don't want to miss the opportunity with Solana, then you don't have to take the risk selling your bitcoin and ethereum because they are sure  profits already in the long run. Well, if you have some extra money, then take time to invest into Solana even with a small amount. There might be no guaranteed profits in the long run, but it will never give you regrets once you lose because you only invested in an mount you can afford to lose. But if it will be a huge profits in the future, then at least you have your own share of profits too, although not big but still worth it.
It is a better strategy that no selling of bitcoin and ethereum that will happen.

Aside from that, having a spare money can allow you to buy solana if you really want to have it. It is true that eth and btc are the best for the long term.

No doubt about that. BTC and ETH are some coins which are going to stay for the long term.
Although SOL is a nice coin with huge potential it is still relatively new which makes it stay at the lower edge.
But at the same time if we think from an investors point of view then SOL is bound to give better returns in the short term than BTC and ETH.
So I would put a little stake in solana. Not selling BTC and ETH is still a good option but not buying on SOL would seem like a mistake.
Ofcourse we can sell the shit coins and use the spare money or at least a minor portion from BTC and ETH to invest in SOL.
May be we can buy back the BTC and ETH later when we get the  decent profits we are aiming for.

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Mr.Noda
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October 03, 2021, 06:59:23 PM
 #164

The best and most balanced decision is to split your portfolio in half. You can't keep all your money in one coin. 50 percent in solana and 50 percent in ethereum. Ideally

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October 03, 2021, 08:09:44 PM
 #165

For me personally, the Solana coin is a new, unexplored coin that has only recently appeared on the cryptocurrency market. And in order to invest in this Solana coin, you need to study everything thoroughly. And in order to buy this coin, I will not sell Bitcoin or Ethereum. Since Bitcoin and Ethereum can bring me much more profit than Solana coin.
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October 03, 2021, 08:13:50 PM
 #166

The best and most balanced decision is to split your portfolio in half. You can't keep all your money in one coin. 50 percent in solana and 50 percent in ethereum. Ideally
It's still not ideal if the portfolio is only divided into two parts, because I personally divide the portfolio into four parts, namely Bitcoin, Ethereum, BNB and Solana which are 25 percent each, because that kind of thing is much more ideal than just two divisions.
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October 03, 2021, 08:56:27 PM
 #167

Almost all the 10th top coins on coinmarketcap are doing well. There have been enormous profits between the top coins ever since the bull run started. Solana is a good coin, no doubt about it. It will be difficult to sell off Bitcoin and ethereum just to buy Solana since both are giving profits to your investors.
Rather than selling your BTC or Eth, it's better to buy more

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October 04, 2021, 04:52:48 AM
 #168

The best and most balanced decision is to split your portfolio in half. You can't keep all your money in one coin. 50 percent in solana and 50 percent in ethereum. Ideally


Splitting is a good option if you know how to balance your capital. Putting it inside only one project may bring you a big risk. Though it's a case to case since every traders have their own knowledge and skills in choosing better project for their investment, if you are unsure it's always better to split so you won't regret much if you failed in some instances.

You still have the other half in case mistake happened and you have the chance to earn it back doing a much deeper research.

Not a trading advice, but you can use every idea that being brought out from here to navigate more with your chosen investment.

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October 04, 2021, 07:44:07 AM
 #169

Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?

There is no doubt that it suits only for long-term investment. It is on the highs now, so if you buy now for short-term, you will definitely lose. I agree that Solana is a very promising altcoin, but I am not sure if there is a good time to buy now. What you certainly shouldn’t do is to exchange Bitcoin to Solana, you should have one part in more conservative assets (Bitcoin) and one part in more risky currencies (Solana) - diversify!
Of course, you can invest part of your funds in Solana, but I'm not going to exchange even part of my bitcoins and ethereum for this altcoin. These two Fgagman coins, in the end, I think, will make more profit than Solana. I am not yet sure about this coin and how long its price will go up. You can invest free funds in Solano or exchange less potential tokens, since Solana is still a rather promising project, but not at the expense of bitcoins and ethereum.
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October 04, 2021, 03:26:40 PM
 #170

Ill keep my BTC and ETH as my long term hold, and for SOL, its short-middle term hold, so i suggest to split it and not all in at Solana, considering the movement of coins outside of BTC and ETH in the past year, usually those other coins will drop markedly after the bullrun is over.
Just an opinion based on my personal data, and not a suggestion to follow without in-depth observation.
And i warn you, this time is not right time to add more coins, wait for correction to enter, include Solana, good luck.
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October 04, 2021, 03:52:40 PM
 #171

Investing in solana (SOL) in my opinion is a good choice, but don't sell your ethereum and bitcoin just to invest in SOL, if you need to add your capital to buy Solana coins. Many people say that Solana is an investment for the future because of its ever-increasing price.
At the moment it is the AXS coin that continues to increase in price, not Solana, you can immediately see it on all exchanges to prove what I say, but in general Solana is also a good investment choice and will not be bad for the future.
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October 04, 2021, 05:12:10 PM
 #172

Ill keep my BTC and ETH as my long term hold, and for SOL, its short-middle term hold, so i suggest to split it and not all in at Solana, considering the movement of coins outside of BTC and ETH in the past year, usually those other coins will drop markedly after the bullrun is over.
Just an opinion based on my personal data, and not a suggestion to follow without in-depth observation.
And i warn you, this time is not right time to add more coins, wait for correction to enter, include Solana, good luck.

It would be hard to choose which one would you give up because both ethereum and bitcoin are good for a long term investment and will sold to acquire solana. I mean why would choose which one you would give up if you could have the three in your bag at the same time. Maybe giving some portion of your ethereum and bitcoin to be able to buy Solana is far more easy to do in my own opinion.
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October 04, 2021, 05:36:23 PM
 #173

It's better to cover it. It doesn't make you lose. Bitcoin and ethereum also have the same potential as solana. If you sell it now, you may have to take a loss first. By holding it back, you benefit in the future. Even if you miss a moment in the SOL.

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October 04, 2021, 05:39:11 PM
 #174

No

Sol, ftm, bnb, matic, ada and similar has only 20 laptops to all network 😂

HECO generally disconnected the network recently for maintenance, my HT withdrawal disappeared at this time from the exchange 🙈
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October 04, 2021, 09:28:29 PM
 #175

Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
So what are you saying, do you think that the price of Solana is going to continue to increase?  I do know that is possible, but I don’t think selling your Bitcoin and Ethereum just to buy one coin is going to be worth it. Maybe you should wait  for now and when you have raised enough money that is enough for you to invest in Solana, you can do that later on.

You know that Bitcoin and Ethereum are two of the major cryptocurrencies in the market, and they are a solid investment that you can make right now, so I don’t really see the need for you to sell them. Rather you should look for money and invest in Solana , it wouldn’t be bad to diversify your investment and hold three assets at the same time.
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October 04, 2021, 09:33:10 PM
 #176

Solana is the Long Tram Project. Solana currently has a lot of hype in a project crypto. Many NFT projects are constantly launching Sol based. Even success is happening. It has grown very fast and now it is 160$+. On the long tram it is expected to be-1000-2000. Because unique projects are evaluated in crypt. An example of which is Solana.
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October 04, 2021, 09:40:41 PM
 #177

Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
The market can be confusing at time so you need to take your time and scrutinize your decisions before getting into conclusion. Why would you sell you bitcoin and Ethereum at first, when you need the the both coin are massive in volatility that Solana that surge due to there latest development in there project.
I don't know what will happen tomorrow in the market but I think embracing the market you know now is better than just running after surging price of a coin.

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October 04, 2021, 09:52:07 PM
 #178

Investing in solana (SOL) in my opinion is a good choice, but don't sell your ethereum and bitcoin just to invest in SOL, if you need to add your capital to buy Solana coins. Many people say that Solana is an investment for the future because of its ever-increasing price.

Solana has risen up so well since the start pf the year. I remember vividly that the price was around $3 at some point this year and went as high as $230. While solana price has been the highlight, I can't help but remember what happened with their blockchain recently and that's why I'm choosing to invest more in other top L1(s) like NEAR protocol.

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October 05, 2021, 01:39:49 AM
 #179

Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?

yes, Solana is best coin but Sell Ethereum is not a good option because the market value or market growth of ETH is high compared to Solana. you should buy Solana but don't sell ethereum for the same.
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October 05, 2021, 02:05:21 AM
 #180

Short term yes, long term no, btc will always have the world's support and soon will be accepted in most countries which means more value and benefits,  for short term gain, I can sell some btc to ride the sol hype to be able to make quick gains to buy more btc, for long term goal, btc is key.

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