Is it advisable to invest on Solana?

[JeffBrad12]

Buying Solana Coin is not a bad idea, because all market is down, and we are all experiencing Bear market for months now and Solana Coin price is on a particular range as the market is fluctuating is good to buy while make a good entry point before buying and is good for long term holding investment as you mentioned as a profitable return investment.

the thing is that, solana massively losing its value for the simple fact that there may be rumour about solana downfall caused by ftx collapsing which I guess just make it rather difficult for it to get back up.
if solana was related to the funding of the ftx investment then I guess it would hard to climb back up again its former price unless ftx realised its rumoured recoveries.
nowadays I just don't think that solana will be that great.
I think if i have the money to invest i'd just instead invest in other coin after all many potential coins out there.

[JahriMeayer]

putting huge money into this project is not really worth it. But investing in this project is not a bad idea, perhaps, it never dies too easily.

I agree that solana still has strength and this altcoin won’t die within short time, even i believe It'll increase slowly but as you agreed, investing fund into this coin solana even in spite of being Layer 2 (L2), isn’t really worth currently. so why should anyone thinking about solana's performance in upcoming bull season  while ether, bnb, matic and so many coins are also eligible for hold until next bull run

[jossiel]

I agree that solana still has strength and this altcoin won’t die within short time, even i believe It'll increase slowly but as you agreed, investing fund into this coin solana even in spite of being Layer 2 (L2), isn’t really worth currently. so why should anyone thinking about solana's performance in upcoming bull season  while ether, bnb, matic and so many coins are also eligible for hold until next bull run

It has got a strong community already so dying won't be that easy.

Unlike the other cryptos that don't have strength with their communities, it's highly likely that they won't survive. But if Solana also shows how strong the project is, who knows if it will get more investor to believe in.

The chart shows that it's far from its ATH and too low, looks like a sale but you guys decide if it is.

[poodle63]

putting huge money into this project is not really worth it. But investing in this project is not a bad idea, perhaps, it never dies too easily.

I agree that solana still has strength and this altcoin won’t die within short time, even i believe It'll increase slowly but as you agreed, investing fund into this coin solana even in spite of being Layer 2 (L2), isn’t really worth currently. so why should anyone thinking about solana's performance in upcoming bull season  while ether, bnb, matic and so many coins are also eligible for hold until next bull run

thats true, just couldnt really find any valid reason why hold solana instead of the other coins out there thats just far better, solana is already falling from its peak, and the reason isn't because bearish but because some company is collapsing, I never think it would reach that high again, gone the golden days of solana i think eventually people will move on from this coin, because honestly the fact that there are more and more emerging coins out there simply means that maybe solana was never that good to begin with compared with the newer ones.
therefore its just simply investing in new ones, it haven't reached all time high and still have many chance of reaching that in the future which simply means it could give massive returns. there's no reason to turn back to solana.

[peter0425]

putting huge money into this project is not really worth it. But investing in this project is not a bad idea, perhaps, it never dies too easily.

I agree that solana still has strength and this altcoin won’t die within short time, even i believe It'll increase slowly but as you agreed, investing fund into this coin solana even in spite of being Layer 2 (L2), isn’t really worth currently. so why should anyone thinking about solana's performance in upcoming bull season  while ether, bnb, matic and so many coins are also eligible for hold until next bull run

I use to have SOL back years but have sold all of mine in pandemic time
when the rumors and bad news comes to its name , though there are still plenty of my friends who still trust this , but I pass for now.
if you are truly planning to hold this? then better to limit your self and try to find diversified folio for that.

[Samurai trieng]

Solana is one of the potential altcoins, even though it is not as popular as Ethereum and Binance, Solana was able to get its best ATH several years ago, and until now Solana can still stay in the top 10 of the crypto market, I personally currently still investing in Solana, I I don't force or advise you to choose Solana as an investment. The choice is in your own hands. If you are sure about Solana then invest, but if you are not sure, please choose another altcoin, because there are still many potential altcoins in the crypto market. .

[Abiky]

It has got a strong community already so dying won't be that easy.

Unlike the other cryptos that don't have strength with their communities, it's highly likely that they won't survive. But if Solana also shows how strong the project is, who knows if it will get more investor to believe in.

The chart shows that it's far from its ATH and too low, looks like a sale but you guys decide if it is.

I wouldn't say that Solana has a strong community. Rather, it's an "overhyped" cryptocurrency with a huge number of followers behind it. FTX was heavily-invested in this coin, but it ultimately failed. There are rumors the defunct exchange will dump its SOL holdings on the market. This will add negative pressure over the cryptocurrency's short-term price.

Whenever Solana will survive the tide or be left behind in the dust is yet to be seen. I'd choose other alternatives that are much more reliable and decentralized than Solana itself. It's not about speed or cost-efficiency, but rather security/reliability/censorship-resistance. Most people don't care about this, as they're only looking to make a quick buck. It's up to you to determine whenever Solana is a good investment or not. Do your own research, and you'll see what I'm talking about. Who knows if Solana's days are numbered? Just my thoughts

[Justin999]

Years ago solana was worth for investment and that already proved. But now so many altcoins are available for investment, those are far better than solana cause Once solana was great altcoin with large number of volume but this year, haven’t notice any innovations that! Could inspire myself to investing in it. But situation could be change when bullRun start cause many still believe in solana. So invest extra money, otherwise not.

[JeffBrad12]

Years ago solana was worth for investment and that already proved. But now so many altcoins are available for investment, those are far better than solana cause Once solana was great altcoin with large number of volume but this year, haven’t notice any innovations that! Could inspire myself to investing in it. But situation could be change when bullRun start cause many still believe in solana. So invest extra money, otherwise not.

bullrun will just make slight change towards solana prices I assume, mainly because the reason solana could go down this far is because the collapse of certain exchange that caused solana get many problems.
there also has been many sign that shown solana has been bearish ever since so I don't have much expectation towards solana honestly.
instead i would definitely make bet on something like the upcoming layer 2 and even layerzero that has shown massive growth towards the community and is rumoured to have upcoming events thats being awaited by many people. heck even rarely right now I see some good quality token being deployed in there, but of course i can be mistaken.

[andyou1234]

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.

As far as I know, Solana is one of the altcoins that has high popularity, but I think Solana is not the right choice to make a long-term investment, because its golden age is over, currently Solana is not popular altcoin, right, but if you If you have a lot of money, there's probably nothing wrong if you want to try it. I suggest that it's best to invest in altcoins that have high popularity, such as ethereum and binance, especially now that the prices of these two altcoins have not increased, of course they are very worthy of investment long term and I am sure ethereum and binance will provide big profits in the future.