Solana - Is it still good to buy or it's FOMO

[redsun114]

Solana wasn't alone which had Such downfall record but if you search about some others top altcoins like matic, dot, link, ada then you'll found same statistics after bull end. Besides if a altcoin has potential then there's no problem if it dumped a lot or goes dip cause somehow it'll be recovered and so was happened for solana. After that, it touched almost $200 something and still expensive. And people believe that it still has space to grow more in upcoming days

indeed other alt are going down but the fact that solana has frequent outage and right now ftx is trying to dump their bag might be a fud for the future of solana though, so be prepared may be there will be waves of correction but its definitely just speculation it can be wrong.

It's not just with SOL, the whole market follows Bitcoin if it goes up, they all go up, and if it goes down the market will go down and all coins will go down. I am in favour of investing in SOL because even if the market goes down, SOL is a very good project, it has recovered before and will recover again.
Keeping an eye on the ups and downs of the rest of the market is essential for all traders. To be a successful trader, you must always have complete knowledge of all the areas you want to invest in.

Considering the current market situation, I suggest people adopt the DCA method, this will ensure that even if the market goes down, we will have enough money left to buy more. If it goes up, our hands will not be empty.

[1715254241]

1715254241

[1715254241]

1715254241

[1715254241]

1715254241

[terrific]

so be prepared may be there will be waves of correction but its definitely just speculation it can be wrong.

We are experiencing it right now and if this is the wave that we've been waiting for, so as you've said everyone has to be prepared.
Those that are new to this will be thinking that it's probably the end but this is actually the start of it, FOMO or not.
If you have a strong holdings for solana, you've seen how quick it had pumped from the bottom where it has been.

[oktana]

I think that FOMO isn’t always about the state of the market but your reason of going in too. It can be coincidental that when you finally choose to or when you plan to invest is when people are FOMO-ing in, and that doesn’t mean that your reason is FOMO. So just invest as you feel you should, as long as you’re not rushing because others are, then it’s not FOMO.

[dunfida]

I think that FOMO isn’t always about the state of the market but your reason of going in too. It can be coincidental that when you finally choose to or when you plan to invest is when people are FOMO-ing in, and that doesn’t mean that your reason is FOMO. So just invest as you feel you should, as long as you’re not rushing because others are, then it’s not FOMO.

FOMO or not, you would really be needing up to consider on whats best for you and never ever make yourself that making up some decisions basing up on someones tips and recommendation. You are the ones who is really that handling out with your own funds and the ones would really be suffering on the time that things go shit. So better think up well and make up decisions according into your own analysis and preference.
Doesnt matter whether we are talking about SOL or any other coins that out in the market. When it comes to investment decisions then it would really be better that you should really be doing your own
research and invest on where you would seem that you are really that comfortable on investing with.

[bitterguy28]

Determining whether Solana is a good investment or a result of FOMO (fear of missing out) depends on various factors including your investment goals, risk tolerance, and the current market conditions .

that is our thing to decide correctly , FOMO should not be affecting our investing and for me? I will never be one.

 Solana's groundbreaking technology and growing ecosystem have attracted significant attention from users.  As a result its value has increased.

and still strongly working mate , though there are correction ? its always working better these months and maybe till the end o f the  year.

Understanding Solana's fundamentals by conducting thorough research and assessing long-term performance can help investors avoid succumbing to emotion driven valuations.

The only thing that we need to understand Solana is how great it  is till the bull market .

[oktana]

I think that FOMO isn’t always about the state of the market but your reason of going in too. It can be coincidental that when you finally choose to or when you plan to invest is when people are FOMO-ing in, and that doesn’t mean that your reason is FOMO. So just invest as you feel you should, as long as you’re not rushing because others are, then it’s not FOMO.

FOMO or not, you would really be needing up to consider on whats best for you and never ever make yourself that making up some decisions basing up on someones tips and recommendation. You are the ones who is really that handling out with your own funds and the ones would really be suffering on the time that things go shit. So better think up well and make up decisions according into your own analysis and preference.
Doesnt matter whether we are talking about SOL or any other coins that out in the market. When it comes to investment decisions then it would really be better that you should really be doing your own
research and invest on where you would seem that you are really that comfortable on investing with.

It feels the reply contradicts itself because you’re saying the decision should be coming from you after you have done your own analysis and preference, but yet in the beginning you said FOMO or not. FOMO can come from any source but in crypto, the most likely source of FOMO is from hype. A vast majority of people who have been swallowed up by FOMO are people who got blinded by the hype (which causes FOMO). So if really one should follow their own path to make good decisions, FOMO can’t be in the picture.

[Jonyshake71]

Many were confused about investing with solana when it was keep going down. But it makes everyone surprised when it bounce back. And now its too high. Although I'm still seeing the opportunity cause recently it hit more than $200 and now probably $130 something. Due to correction market. I don't know it'll be more down or not, but i believe if anyone buy solana from this position then no doubt it'll be profitable cause when altcoins session will come when it will be explode with its price. Just my shereing speculation....

[Justin999]

Someone new to crypto would say "Yes" but those who has been here for a while would be hesitant because we have seen SOL rising from $15 to $259 and then witnessed the downfall as well to less than $8. I personally feel little bit confused

OP, as you can see the same pattern has been repeated. I mean while you post about solana, that time it was probably $15 something and after some months it hit more than $200. Which is similar to your explanation what had happened in 2021. But this time solana isn't going to downfall, it has developed itself as more stronger than before and rather it'll grow cause bull run is yet to start. So you may have it without worries

[X-ray]

its not really a FOMO the solana coin is as far as I know among the best one in the market, the blockchain is really active the ecosystem is great more specifically for meme coin enthusiast you won't run out of meme coin released everyday even though majority of them are just shit meme coin not even worth looking but sometime there are some meme coin worth investing.

Many were confused about investing with solana when it was keep going down. But it makes everyone surprised when it bounce back. And now its too high. Although I'm still seeing the opportunity cause recently it hit more than $200 and now probably $130 something. Due to correction market. I don't know it'll be more down or not, but i believe if anyone buy solana from this position then no doubt it'll be profitable cause when altcoins session will come when it will be explode with its price. Just my shereing speculation....

I think people are afraid that it will go back to its starting point price or value where it only priced around $10 if i remember correctly since the price is already too high people tend to be afraid because there's bigger possibility that it will get dumped by the whales that trying to dump their coin accumulated from the lowest price floor.
not their fault because logically speaking that should be making people afraid when a coin thats priced too high or being considered over valued suddenly shrinking in price and then it dumps so hard many people will get massive minus in their investment.

[Mate2237]

From the time of creating this thread till now Solana network has been a problem to investors and newcomers that wanted to invest so people have not be able to invest largely in that project like that in this year. And the time when I see Solana in the early part of February was $157. 57 and nor the price is $147. Though it is good to invest in it now if the person is interested and if the network is free now.

It is better to invest in a project that is more popular than to invest in a project that is not well known.

[bitterguy28]

Many were confused about investing with solana when it was keep going down. But it makes everyone surprised when it bounce back.

solana stayed high because last year the price does not even reached a certain value but now? with almost 150 dollars that is huge mate .

And now its too high. Although I'm still seeing the opportunity cause recently it hit more than $200 and now probably $130 something. Due to correction market.

if we wanted to take a chance earning from this coin? then better to invest on it now mate or else you will regret that.

I don't know it'll be more down or not, but i believe if anyone buy solana from this position then no doubt it'll be profitable cause when altcoins session will come when it will be explode with its price. Just my shereing speculation....

if bitcoin dumped then it will , if the bitcoin price rose high then we will see the SOlana market growing high.

[andyou1234]

Solana is one of the altcoins that has great potential, of course Solana is still very worthy of investment, yes, even though the price fell drastically some time ago, now you will definitely regret not buying Solana when the price was in free fall, but currently Solana is giving a very positive breakthrough in the crypto market because the price has risen several times more than before, I think it would be a big mistake not to invest in Solana in the last few years,