Is it advisable to invest on Solana?

[barhavsky]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

good idea, but still my advice if you want to hold for a long time, then you better invest in Bitcoin, because in my opinion Bitcoin is better to hold for the long term, even though SOL is also good, but I still choose Bitcoin, because in my opinion Bitcoin is better than SOL for a long term investment, but there's nothing wrong if you still want to choose SOL, because you can also get profit from investing in SOL for the long term.

[pantek talacuik]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

if you can hold it for a very long time i think you can invest in solana. the point is your patience waiting for maximum results as Solana has passed before.
looking at the price history solana has gone through looks like it will benefit investors holding it in the long term. solana is an altcoin that is rated at Cmc and you can invest in solana with a long term pattern.

Choosing a coin that for you will make a profit is very good, it will make you more confident that the price of the coin will grow even over a long period of time. in 2012 one would not have thought that Bitcoin would be like this this year and the year before at staggering prices.

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

good idea, but still my advice if you want to hold for a long time, then you better invest in Bitcoin, because in my opinion Bitcoin is better to hold for the long term, even though SOL is also good, but I still choose Bitcoin, because in my opinion Bitcoin is better than SOL for a long term investment, but there's nothing wrong if you still want to choose SOL, because you can also get profit from investing in SOL for the long term.

That's right, don't focus on one coin that will grow even though many coins will continue to move forward in the future. many coins that you can invest for a long time such as Bitcoin, Ethereum, Binance and many others will grow and move forward.

[jacafbiz]

I do fear for Solana, the big money behind the project is gone and if you looked deeply some projects on it are moving to new chains, it has been some time since I interact with the chain and you can see that some of these VCs have also jump ship and they are now into SUI and APTOS network. I think the token might pump once in a while but the future is not bright as a whole for Solana I hope I am proven wrong.

[RealMalatesta]

Solana was a hot topic in the past but soon a lot of projects moved from it due to it being too centralized> suffering several breakthroughs and some failures.
the competitors have become good, for example, Polygon provides the same features with fees close to zero.
These reasons are sufficient to reflect negatively on price therefore, I do not advise you to invest in it.

Some factors to consider when evaluating Solana as an investment opportunity include its technology, development team, community support, and potential for adoption. It's also important to consider the competitive landscape and how Solana stacks up against other blockchain platforms.

I think the team is the one that I am having the hardest time, I get that people like the team and their work but I still find it too shady. Why shady? Because they keep promoting that 65k TPS thing all the time and as soon as there is a bit of overload, they have hard time, if you are having hard time then it means you do not have that much TPS, I think it is going to end up with something a bit more serious for sure.

I think it is important to just focus on how we could move further this and do a lot better, it will help us in the end. I think it will be something we could promote and enjoy, it will definitely end up with a good result in the long run, I know it is going to be tough time to stop trusting something you like so much, but people should be doubtful about it's future.

[Dessy88]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

Ah very hard option for long time investment in solana coin because only top coin are more safety for long time invest. You should looking others coin like btc and eth etc. I believe altcoins market will make new ATH soon if our luck good. Lot of year goes to our life but no hype so that's why i put my opinion.

[RussianEnglishTranslation]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

On one hand it looks like it has bottomed, on the other hand it will be hard for the price to go back up to 200 dollars because there are a lot of bag holders now looking to sell. It's easier to get returns on new projects that launch on exchanges during a bull market. Look into Lamina1, Layer0, Q Blockchain and Shardeum.

[woez]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

For Soluna Coin (SOL) I have no doubts. if i am not wrong sol has strong defense and has good performance concept and many investors have invested their money in this project. If you want to get in and invest in SOL coin, now is the right time and it's not too late. If BTC has gone up high I think it's better to find another alternative besides SOL.

[carrie_white]

investing in solana long term sounds fine, but bitcoin is far more promising in the long term, my advice, it would sound wiser if you diversified into two coins, in solana and bitcoin

[kamvreto]

investing in solana long term sounds fine, but bitcoin is far more promising in the long term, my advice, it would sound wiser if you diversified into two coins, in solana and bitcoin

Diversification is a good strategy to implement. Bitcoin becomes the main investment with more allocations. While the rest of the allocation could go to Solana or a top Altcoin like ETH, that would be better than just placing the allocation on Solana.
Actually there are still many choices of altcoins that have good progress, but that's everyone's preference or according to their own research. own risk.

[barlo357]

Does the FTX still has Solana holdings? LMAO! I won't buy it until the FTX still hold those. It would be a waste if its utility will not be use because the name of FTX is still glued to it.

[JeffBrad12]

solana nowadays sounds like a waste of time, so many new projects appearing, meanwhile solana hasn't yet recovered from the fact that it got massive dumps when the ftx collapse happening in which means maybe its got not potential left.
so many l2 are now coming up which might give opportunity of flipping your money or maybe giving away some life changing chance of turning our initial measly capital into some massive money.
meanwhile solana will just become stagnant honestly.

Does the FTX still has Solana holdings? LMAO! I won't buy it until the FTX still hold those. It would be a waste if its utility will not be use because the name of FTX is still glued to it.

that's red flag right there, despite the fact that ftx is right now rumoured to make some comeback, i don't think the project that's within the umbrella of ftx is any good.

[Humility4sure]

Buying Solana and holding for a long time is not advisable as so many things have gone wrong. Infact, I personally did invest in Solana when it was in it's peak and have been holding for a while hoping that the value improves, but it's not forthcoming.

[huu78]

As like the BNB most of the crypto traders had their holding in the Solana,because it was expected to reach the value of 100 dollars in short period of time.Still the price of the Solana was in the good pump of 23 dollars.It was expected to rise to the 50 dollars in the end of the June.So that the price of Solana will reach the 100 dollars at the end of the year.Since the demand of Solana was high due to the transaction fee of some new coin based on the Solana network.The USDT also had the withdraw through the Solana in the binance itself.So their was good demand for the Solana in the binance itself.

Predicting the future price of any cryptocurrency can be challenging and speculative. While there may be expectations and projections in the market, it's important to approach them with caution. Cryptocurrency markets are highly volatile and can be influenced by various factors, including market sentiment, investor demand, regulatory changes, and overall market conditions.

[bittick]

Buying Solana and holding for a long time is not advisable as so many things have gone wrong. Infact, I personally did invest in Solana when it was in it's peak and have been holding for a while hoping that the value improves, but it's not forthcoming.

that's really too bad, solana is indeed a thing of the past, it was so popular back then that it got massive increase but nowadays, it's no better than the second layer coins, in term of potential, there's nothing left.

[TastyChillySauce00]

Does the FTX still has Solana holdings? LMAO! I won't buy it until the FTX still hold those. It would be a waste if its utility will not be use because the name of FTX is still glued to it.

FTX doesn't have solana anymore. It's has been dumping to the market. I don't know about vesting sol that probably still owned by FTX but it will be also seized by the regulartors if there are remaining sol that vested.

Investing in solana is good enough since there have been a lot of tokens already in ciculation.

[bitkanu]

Does the FTX still has Solana holdings? LMAO! I won't buy it until the FTX still hold those. It would be a waste if its utility will not be use because the name of FTX is still glued to it.

quite fair point right there, there's no reason at all trusting project that have relation with this company that has already collapsed due to incompetent of investment management, so we will not repeat the same mistake.

[barlo357]

Does the FTX still has Solana holdings? LMAO! I won't buy it until the FTX still hold those. It would be a waste if its utility will not be use because the name of FTX is still glued to it.

FTX doesn't have solana anymore. It's has been dumping to the market. I don't know about vesting sol that probably still owned by FTX but it will be also seized by the regulartors if there are remaining sol that vested.

Investing in solana is good enough since there have been a lot of tokens already in ciculation.

I'm just making sure so that I would consider buying solana at its juicy price and make profits again when the time comes, but I think buying aptos is a better choice compared to solana.

[RussianEnglishTranslation]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

Solana is on the WEF list of approved crypto projects so it won't fail. The same is true for Celo. I also like Q Blockchain, which is regulatory compliant.

[Ngemmeng]

I suggest that for long term investment you should choose ETH BNB or BTC. I see that SOL's credibility is currently declining, this is also evident from the price of SOL which continues to drop drastically and the ranking on CMC also drops. currently there are very few new projects on the SOL network, the last one is a meme coin called BONK which slightly increased the price of SOL but is now starting to fade.

[Godday]

Currently Solana has fallen tens of times its price at ATH times. I see Solana doesn't have as strong credibility as some other altcoins like BNB and ARB. I would not like Solana if I had few other options.