[REDACTED]

[SeeBiscuit]

[Yaunfitda]

Not really sure why we have Sol threads as of late, did it really have a lot of investors from this community? Or they just jump on the hype recently and then when the price goes down, everyone is afraid of their investments going down?

In any case, it's really hard to predict where Sol is going at this bear market. Every is taking a hit because of what had happen to FTX and to Terra Luna as it affected the market negatively. So for now, no one will know where we are heading, even ETH, the top altcoin is also down big this year.

[jossiel]

Not really sure why we have Sol threads as of late, did it really have a lot of investors from this community? Or they just jump on the hype recently and then when the price goes down, everyone is afraid of their investments going down?

I think those investors seen really the growth of Solana and how it's likely to be dominating the NFTs and the same experience as what ETH did before.

But, it just so happen that there were attacks and hacks that has happened which led many of those investors to look at the true potential of it.

With many of its former developers leaving, and that actually hit them as investors also leave them because these hacks or outages are not doing good for any project like solana.

[Jackl87]

Solana took a pretty big hit since the market has been down.
Are people confusing the quality of a product with the shop that’s vending it?

I have seen negative threads and articles about Solana here in this forum, but also on other crypto related channels and websites way before all the stuff with the bankruptcy of FTX even happened. In those articles the people were mainly criticizing that Solana is a very centralized crypto project and that this centralization is against everything that crypto projects should stand for. It is the same with XRP, which is also heavily centralized.
I also think that Solana will have a hard time to prevail because there are other projects coming up, that are doing similar things like Solana. Aptos for example was listed recently. Of course Aptos also took a hefty hit because there also Alameda (FTX) was the biggest investor, but that was just an example of new projects coming up, that are competitors to Solana.

[zasad@]

If you compare srlan with ethereum, then Ethereum works stably, unlike Solana.
Bots brought Solana to a halt again – this is the seventh time this year
If we talk about investments, then you can find a dozen promising projects that have not yet given a profit to investors.

[TravelMug]

If you compare srlan with ethereum, then Ethereum works stably, unlike Solana.
Bots brought Solana to a halt again – this is the seventh time this year
If we talk about investments, then you can find a dozen promising projects that have not yet given a profit to investors.

If this is the case, then it's bad for their reputation, seventh time? and still they can't figure out the loopholes or solved it?

Do they need more before the devs can fixed it? what if it brought the network again to the halt, for sure the price is going do decline as investors are losing trust of this projects because of poor design, just saying.

So for now it's very very unstable and we don't like projects with that kind of structure.

[SquirrelJulietGarden]

Solana ecosystem is bigger than Binance Smart Chain according to Coingecko report in Q3 2022. To be frank, I did not know about it before reading their report.

Previously, I thought Binance Smart Chain is a third biggest ecosystem after Bitcoin and Ethereum ecosystems. I was wrong.

Q3 2022 Cryptocurrency Report

Even I was wrong, I don't believe in Solana like Bitcoin, Ethereum and BNB.

[malcovi2]

Solana ecosystem is bigger than Binance Smart Chain according to Coingecko report in Q3 2022. To be frank, I did not know about it before reading their report.

Previously, I thought Binance Smart Chain is a third biggest ecosystem after Bitcoin and Ethereum ecosystems. I was wrong.

Q3 2022 Cryptocurrency Report

Even I was wrong, I don't believe in Solana like Bitcoin, Ethereum and BNB.

Big market with a terrible blockchain, why terrible? Because they cant fix the outages this outages has caused serious ssues in the past.

Probably why most of the projects on the SOL chain are scams. I dont know why there would be a serious project to stay their for long-term.

[posi]

Solana took a pretty big hit since the market has been down.
Are people confusing the quality of a product with the shop that’s vending it?

I have seen negative threads and articles about Solana here in this forum, but also on other crypto related channels and websites way before all the stuff with the bankruptcy of FTX even happened. In those articles the people were mainly criticizing that Solana is a very centralized crypto project and that this centralization is against everything that crypto projects should stand for. It is the same with XRP, which is also heavily centralized.
I also think that Solana will have a hard time to prevail because there are other projects coming up, that are doing similar things like Solana. Aptos for example was listed recently. Of course Aptos also took a hefty hit because there also Alameda (FTX) was the biggest investor, but that was just an example of new projects coming up, that are competitors to Solana.

Investing in altcoins should be talked about in terms of how much profit it can bring us, and not about whether the coins are decentralized or not, because apart from bitcoin, all other coins are centralized. Solana, BNB, Avax, even ETH are centralized.

As for the future of Solana, that is entirely up to their development team, despite suffering heavy losses following FTX's death, FTX is not the only investor in Sol. As long as Sol continues to build and grow, there will be other investors supporting it.

[eaLiTy]

~
 Every is taking a hit because of what had happen to FTX and to Terra Luna as it affected the market negatively. So for now, no one will know where we are heading, even ETH, the top altcoin is also down big this year.

The NFT hype is not there anymore, when it all started there was a huge hype and majority of the NFT were selling at exorbitant valuation and majority who purchased them thinking that they would fetch a higher valuation would be kicking themselves. One of the issues with Solana was the number of network outages they suffered in the past one year alone which is not promising for a project.

[bittraffic]

SOL as associated with FTX may likely lose its position on top. Its under a dim light because of the FTX scam. SOL is not even on the most searched cryptocurrency based on google. The list will surprise many of us of course but the popularity of Doge and Shib surpasses the tokens we thought are going to dominate.


link: https://cointelegraph.com/news/top-five-most-googled-cryptocurrencies-worldwide-in-2022

[SirLancelot]

Investing in altcoins should be talked about in terms of how much profit it can bring us, and not about whether the coins are decentralized or not, because apart from bitcoin, all other coins are centralized. Solana, BNB, Avax, even ETH are centralized.

As for the future of Solana, that is entirely up to their development team, despite suffering heavy losses following FTX's death, FTX is not the only investor in Sol. As long as Sol continues to build and grow, there will be other investors supporting it.

But, I think identifying those things (profit potential) is not really possible unless maybe if they are an obvious scam that promises 6 digits return to their customers, same on what I see on those staking based projects offering crazily high apr/apys but in the end in turns out that all of those are just false promises.

If we will invest, we should not based on the numbers but based on what the utility of the project or if they can be able solve real world problems. A decentralized coin is also a good trait that we must look into because too much centralization can only lead to manipulation where the project owners are the only ones who can benefit the most.

[Xal0lex]

Solana took a pretty big hit since the market has been down.

Are people confusing the quality of a product with the shop that’s vending it?

NFT’s fell off as BTC and ETH dropped from their 2021 ATH’s.
FTX event saw massive forced selling from at both the institutional and retail investor level.
Solana has seen a few hour long outages, (one being caused by a single node apparently?).
-snip-

Solana is still in demand among NFT owners, as their native marketplace Magic Eden now has the second highest trading volume of all NFT marketplaces. Frankly, Solana had big problems even before the FTX crash, in the form of blockchain stoppages. Solana is still in beta stage, as far as I remember. With current situation there is a big chance that Solana will not die completely but will share the fate of projects like EOS, which also had pretensions for some development and competition and in the end those plans were not destined to happen. As a consequence, it never again reached the price peaks that it had before.

[DeathAngel]

Solana has taken some real FUD but it just does not seem to want to die. I have high hopes for Solana in the next bull run. The network has been down a few times but it doesn’t seem to deter investors, people still love the community & want to be a part of it.

I see Solana being capable of hitting $300 or more during the next big bull phase. I will definitely be filling my bags in anticipation.

[AmoreJaz]

Solana has taken some real FUD but it just does not seem to want to die. I have high hopes for Solana in the next bull run. The network has been down a few times but it doesn’t seem to deter investors, people still love the community & want to be a part of it.

I see Solana being capable of hitting $300 or more during the next big bull phase. I will definitely be filling my bags in anticipation.

i have nothing against the SOL platform as it seems solid than most projects. however, if you've been asked - what particular project stands out under SOL network? do you think you can easily answer such question? because the more projects are deploying under this network, the better chance of flying high in the near future. i know there are several multi-million dollar projects under this network. but i would like to know if you are a holder of this coin, if you can at least name one or couple of big projects that would help SOL to popularity?

[janggernaut]

Solana has taken some real FUD but it just does not seem to want to die. I have high hopes for Solana in the next bull run. The network has been down a few times but it doesn’t seem to deter investors, people still love the community & want to be a part of it.

I see Solana being capable of hitting $300 or more during the next big bull phase. I will definitely be filling my bags in anticipation.

Yeah, we know Solana is one of biggest project of SBF , can't deny it. But the community and it accepted on Magic eden, and even ranked up #2 under opensea back then (now there is blur.io which placed on first place NFT), i think SOL still can make it on next bull run. I love with their fast & cheap fee while doing transaction, not just like ETH which the fee is still huge enough to buy coin/token. People need to understand SOL isn't FTT, they are still growing now

[posi]

...

If we will invest, we should not based on the numbers but based on what the utility of the project or if they can be able solve real world problems. A decentralized coin is also a good trait that we must look into because too much centralization can only lead to manipulation where the project owners are the only ones who can benefit the most.

I used to think the same, choosing a project to invest in is selecting a project with utilities, solving problems in real life...But in the end I'll tell you, it's just a lie we've been trying to believe for so long. Let's look at the fact that cryptocurrencies other than speculative purposes cannot be applied to life, we have thousands of altcoins with thousands of paper solutions. However, there are still no projects that can be applied in practice. Stop believing those false promises, altcoins are what developers use to get our money, and we need to be more vigilant and do the same with them.

[Jatiluhung]

even though solana took a lot of hits from the various trials they faced. even a few crashes like FTX had a huge impact on Solana. because FTX does sell the solana they have in bulk. and it sent panic to solana investors. so the decline is unavoidable. But so far I still have hope for solana. at least in the upcoming bullrun solana will most likely follow the trend and could just return their ATH. so I took the risk of holding some solana as a risky investment.

[Xal0lex]

even though solana took a lot of hits from the various trials they faced. even a few crashes like FTX had a huge impact on Solana. because FTX does sell the solana they have in bulk. and it sent panic to solana investors. so the decline is unavoidable. But so far I still have hope for solana. at least in the upcoming bullrun solana will most likely follow the trend and could just return their ATH. so I took the risk of holding some solana as a risky investment.

Get your ATH back? What an optimistic attitude you have. First of all, would like to know for sure that Solana is not waiting for some hardfork or full flush of accumulated coins by big funds, and then we can already speak about recovery and conquering of former tops. The time is such that those who buy Solana at a low price, hoping for growth, may face the same surprises as LUNA buyers, who thought that the asset, which fell in price by 90%, is a profitable purchase, even if it is risky.

[pawanjain]

Solana is having a really bad time currently since its price has dumped to $9.9 which is such a low price considering it's ATH at $250.
It's basically a massacre for SOL if we compare it's price to ATH price.
Although the developments are good in the Solana ecosystem yet the bear trend and FTX collapse has drained out all of it from SOL.
I wonder how low it can go further. I had been holding a good amount of SOL to but sold just at $15.
I know I have lost a huge portion of my portfolio but I guess its late than never.