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Author Topic: What would you do?  (Read 193 times)
maydna
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November 04, 2022, 08:00:08 AM
 #21

I'm not a Solana investor, but I have a few Solanas currently and am still keeping them and waiting for the price to go up again. If you also want to invest in Solana, I suggest you don't buy using the all-in way because that would be riskier with any unfinished business in the project.

Better you choose to invest in ETH, BNB or other coins that might be better than Solana. But if you still want to invest in Solana, do so with caution and only use the money you can afford. We don't know what will happen to Solana, so being vigilant is necessary.

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November 04, 2022, 08:29:02 AM
 #22

They call it Network Outage if I remember it right.
Well, it's always up to any investor if they are having doubts about what they are investing with.
If you think it's not worth it anymore then move on and look for something new. That way, you won't be wasting time pondering about the project that you mentioned.
That's all the options you have to avoid wasting efforts at looking deeper into this problem if they are going to fix it or not.
I would not recommend anything specific but try to look at the top 20.


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November 04, 2022, 08:31:55 AM
 #23

Even though its bad and has numerous problems. Solana might not go down fast since most of the holder or supply of it are hold by big guys like sam so only retailers could pulled it down but thunk of it only few of them could do that and ftx will buy it back just to retain its standing. Its hard to kill a project backed by giants.
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November 04, 2022, 08:37:32 AM
 #24

I had invested in this project in the previous bull run but exited after a short-term profit.

Right now I think the big players who were supporting this project ( like Almeda research ) are now supporting other layer 1 projects. Like aptos and sui. Many developers are currently giving priority to these two layer 1 blockchains instead of solana. Hence I think it's time to consider other altcoins



Exactly so, not only solana but I think we should rethink all the old projects, I think history will repeat the top projects will soon be replaced by potential new ones than. I have used aptos even though it is just a new blockchain but can say it gives a better experience than solana and it is worth noting that it has not been inflated too much, the profitability will be much higher than the old projects. Sui is also a project worthy of attention in the upcoming bull season.

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November 04, 2022, 05:38:46 PM
 #25

Exactly so, not only solana but I think we should rethink all the old projects, I think history will repeat the top projects will soon be replaced by potential new ones than.
Certainly, not all, Ethereum and BNB are still strong and they not going to be replaced.
 

the profitability will be much higher than the old projects. Sui is also a project worthy of attention in the upcoming bull season.
Sui is still in the testing phase and we don't know how its tokenomics is. Yes, there is no doubt that this is a big project but as an investor, you must have a plan before buying, that how long you gonna hold that coin. (For example, when early investors' tokens will start unlocking.. So that you can sell your coins before that)
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November 04, 2022, 05:41:52 PM
 #26

I had invested in this project in the previous bull run but exited after a short-term profit.

Right now I think the big players who were supporting this project ( like Almeda research ) are now supporting other layer 1 projects. Like aptos and sui. Many developers are currently giving priority to these two layer 1 blockchains instead of solana. Hence I think it's time to consider other altcoins
I am not entirely sure if that means it will go higher though. I mean I get that there could be some investors, and even whales who are taking interest in these things but that doesn't mean that it will be going up the way you think it will. Maybe it will go up, but not as much as Solana for example? I do not like solana to be fair, I hope that one doesn't do so well, but like I said there are other coins which may have a better way of going up and that’s why I wouldn't put my trust on these just yet.

Just because there are some whales promoting a coin doesn't make that coin any more likely to go up and stay there, there is a good possibility that it may never go up.

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November 04, 2022, 06:08:36 PM
 #27

I think I need to think twice before investing in Solana, I haven't seen a blockchain project that's plague with problems like Solana, many other projects passed some challenges in the past but this Solana issue is never going to be fixed it seems.

1,000 Solana Validators are offline because Hetzner, a cloud service provider has blocked all Solana network activity on it's servers.

Any Solana investors here? Do you think its a good idea to switch bags from Solana to another top altcoins?

If you have hesitation about Solana, try to discuss the matter in their own group as for sure it's not just their supporters you will see there but you can also encounter their critics. Ask those critics why SOLANA is not a good investment or why they are negative about this coin.

If you didn't find an answer there then maybe ignore SOLANA and find other coins.

You really need to face the risks before you can say if your investment will yield a good profit in the future.
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November 04, 2022, 06:08:55 PM
 #28

I have to admit I have the same doubts as you. I was able to earn some nice money on this project at one time, because I sold it near ATH, so I have a lot of fondness for SOL. However, Solana's frequent troubles discourage me from investing again. It may still be an interesting project, but it will not be any "ETH killer" as it was previously announced. However, the potential is high, so I am watching and waiting for a good moment to re-enter.

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November 04, 2022, 06:24:38 PM
 #29

I think I need to think twice before investing in Solana.
Any Solana investors here? Do you think its a good idea to switch bags from Solana to another top altcoins?
Have you invested in Solana already or you haven't? I don't understand what you mean by thinking twice before investing in Solana and also switching bags from Solana to another top coin. You think twice means that you want to reinvest in Solana and you are intending to switch the Solana you already had to another altcoin because of its problem with the network.

Nevertheless, since you have already noticed the Solana network problem, there is no need to continue having Solana in your portfolio. You better convert it to bitcoin than switch it to another altcoin.

 

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November 04, 2022, 07:41:08 PM
 #30

...
Do you think its a good idea to switch bags from Solana to another top altcoins?

It's very difficult for someone to give you investment advice because it also means taking on a serious responsibility, but I think you have good reasons and you seem to have already made up your mind. Bitcoin and Ethereum are the best options in this market. If you are a long-term investor, you can try to make more accurate decisions by taking less risk. Major coins like Bitcoin and Ethereum are the best option for anyone with some familiarity with this market. I wish you good luck...

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November 04, 2022, 08:01:41 PM
 #31

This kind of concern is very normal, especially after we learn from several previous cases, especially regarding Luna. Solana's team seems to be still working on the development of the system, but sometimes things don't go according to plan and sometimes there are some problems that still occur. In fact, Solana is actually one of the preferred networks. But, that's the matter.

However, in this case, if we experience constant worries and distrust of Solana, it might be better to move to a top investment that does have a higher potential. Bitcoin is the answer or head to altcoins like ETH and BNB. However, if these worries are not proven and it turns out that Solana is able to skyrocket one day, don't have any regrets. because every decision will definitely contain some pros and cons, positive and negative sides.

We have understood that every investment will always have risks, whether how big the risks we can manage and afford.
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November 04, 2022, 08:16:34 PM
 #32

Not solana investor but what would I do is I will stop investing in solana and it's much better if you invest it in other project. I don't know if there's a saying for this one  "If you know that it is not safe then choose another path" which in investing crypto it means of the project you have invested is not safe or no longer profitable then better choose new/old projects to invest. Did you invest already or are you going to invest?. Our answers/advises might be wrong since you did not make it clear.

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November 04, 2022, 08:58:22 PM
 #33

Any Solana investors here? Do you think its a good idea to switch bags from Solana to another top altcoins?

I have been a Solana investor since this year. My average entry price into the asset has been around $31. When you're wondering if you should move from Solana to other projects, what do you expect from Solana? If you're expecting the price to rise to $1,000 over the next 2-3 years, you should probably still look for other alternatives to extract that profit. If you take a conservative approach and expect x3-x10 profits by the next bullrun, then SOL could be considered as an investment in your portfolios. Don't think of my post as investment advice, DYOR.

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