SOL LONG TERM HOLDERS COULD BE IN DANGER!!

[Troytech]

I don't want to be controversial on this, cause I know different persons on this forum may like SOL and this could be one thread that could get me a lot of backlash, so I've decided to not give any conclusions on anything regarding this topic, but I would give-up my facts I've researched for you all to see and make a decision for yourself regarding my points:

👉SOL developers have been found out to be lieing about their total supply and hid a wallet with additional tokens. And they only admitted this after being caught and called out.



This action here proves that solana might have plans to mislead the public with lies for a totally selfish reason, unknown to me and not to be bias, I think this is a major red flag in making investment decisions to me.

👉 As at 2021 to 2022, Solana server has been shut down seven times during this period, and I can't see the excuse for this, because blockchain should never have downtime. And here is a screenshot of what Justin bons CIO and co-founder of a pioneering cryptocurrency VC fund Cyber Capital said on x.


Also there are rumors of them faking stats and numbers. Artificially pumping volume and all that.


👉 I'm majorly concerned about this, I know it isn't my business but doesn't it sound fishy to anyone else that solana could process billions of transactions at zero cost for users, disguised in the idea of innovation, my question is simple 🤔  How do they make their profits? Or are they really all for the public?

👉 concerning their decentralization, its quite obvious they show a very high level of nakamoto co-efficient ( For the newbies who don't know this means - The Nakamoto Coefficient helps measure the minimum number of validators or nodes that would need to agree to prevent a blockchain from operating correctly. The larger the Nakamoto Coefficient is compared to the number of nodes or validators, the more decentralized the blockchain network is).

I totally agree with him on this one and I think you should look into it too.

To round it all up read Eth Zurich report on how their proff of census is flawed and their road map. I'll leave this one to you guys to tackle this for yourself.
Here is a link to it
👉https://tik-db.ee.ethz.ch/file/9d40dad802dd12d9ba1f1b7c1759920c/

Every thing I've pointed out to is not to judge or say that solana is a scam, I'm just giving everyone a heads-up just incase anything could happen.
And in the tech and crypto world today big companies has crashed even the most trusted of them like lunar. And I know despite everything our favourite crypto Bitcoin has been most reliable.
So to be safe I'll advice you can take advantage of their pumps or bull run and grab your profits. But never hold for long least they dump on you. If you really looking for something to hold, then invest in Bitcoin. If you can't buy it in full, buy in bits through DCA.

DISCLAIMER!!
EVERYTHING POINT IVE MADE HERE ARE BASED ON WHAT IVE READ AND ANALYSED MYSELF. ITS BETTER YOU DO YOU OWN RESEARCH BEFORE MAKING ANY INVESTMENT DECISIONS OR TELLING OTHERS ABOUT IT.
THANK YOU

WISH YOU ALL SAFE ENTRY INTO THE NEW YEAR.

Link to read full article on Justin bons review on SOL
https://u.today/solana-sol-has-far-too-many-red-flags-seasoned-investor-says?amp#h2

[Ever-young]

To start with the thread should be on altcoin discussion and not bitcoin discussion board.

Those who hold sol are already on the profit side and if I’m to be a holder I don’t see reason why I won’t take profit now that the coin have appreciated in price, what ever the team is doing is for there own interest if they don’t handle the project well it will definitely drop in value which might not be easy for it to recover.

Altcoins to me are not currencies which should be held in someone wallet for long as a means of long holding assets you never can tell what the team will come up with which could affect your holdings that’s why it’s always good for me to enter when I feel the price is right and exist when I see some profit.

[tsaroz]

SOL has been controversial at times but it works. SOL ecosystem is rapidly growing with every new dapps emerging on the platform. Though I sold my sol early, the people that held it are now in good profit. And it is the right time to sell as there could be a correction.
The whole market works more on speculation than utility and in case of Solana, there's even some utility. Usless meme coins with heavily premined or a largely developer held token reaches spectacular prices in matter of days, on a comparison, Solana is more transparent and useful.

[btc78]

Altcoins to me are not currencies which should be held in someone wallet for long as a means of long holding assets you never can tell what the team will come up with which could affect your holdings that’s why it’s always good for me to enter when I feel the price is right and exist when I see some profit.

Agreed and this mindset has been well established already especially here in forum altcoins are extremely volatile and more often than not just end up dumping and never reaching their all time highs ever again

While i see some people clinging on to the hope of some altcoins potentially outperforming bitcoin, it is still important to note that history or past performance often plays again so if we are to look into past altcoins no altcoin has ever surpassed bitcoin

[Orpichukwu]

Agreed and this mindset has been well established already especially here in forum altcoins are extremely volatile and more often than not just end up dumping and never reaching their all time highs ever again

Almost all crypto currencies are volatile, not just altcoins; even bitcoin is volatile, and its volatility is part of the reason why people invest in them, as they have a higher chance of either increasing in value or depreciating, depending on which currency it is.
 
One thing that makes people not have much faith in Altcoins is the fear of rug pull, pump, and dump. Many market manipulations happen on most of the altcoins, where only the early birds are the ones who enjoy the pump, and those who join later are at a disadvantage as their purchases are of those selling to take profit.
 
Being mindful of which altcoin one invests in is really important, and the use case of the native token is one of the things that can show how far that coin can go. The development and embracing of new trends can also go a long way, not just building something unique and abandoning it half way.

[Troytech]

To start with the thread should be on altcoin discussion and not bitcoin discussion board.

Those who hold sol are already on the profit side and if I’m to be a holder I don’t see reason why I won’t take profit now that the coin have appreciated in price, what ever the team is doing is for there own interest if they don’t handle the project well it will definitely drop in value which might not be easy for it to recover.

Altcoins to me are not currencies which should be held in someone wallet for long as a means of long holding assets you never can tell what the team will come up with which could affect your holdings that’s why it’s always good for me to enter when I feel the price is right and exist when I see some profit.

How do I move this to alt discussions

[jrrsparkles]

The list is quite good and points out why you should not trust SOL for the long term which I agree but people who really invest on altcoins are interested in taking that gamble and SOL is one of the hottest in the trend so one who stakes their money can surely make money in the short term but long term is never safe for any altcoin in my opinion.

[livingfree]

Those issues where SOL has experienced before like having network problems will be ignored by most of its investors. Why?

Because the most important thing right now is how profitable it is and how they're able to make money out of it. So, that does matter if there have been issues in the past? For the ones that have this as a factor, yes.

But if you're just for the profit, you can forget about it and wait until the cycle moves along with the market and then will make you money again.

[ajiz138]

You're indirectly suggesting that people switch to bitcoin because it's a safe investment. Then it's a good idea.

Well I'm not a SOL holder, when I used to know from the news about the SOL network being shut down several times just a technical error what I read there were many speculators coming that SOL would collapse because the blockchain itself often had problems, so that made many investors not believe in this token while the price was falling at that time.

But what happened now? SOL has brought hype again and their ecosystem is growing even TVL is going higher, remember when the hype while happening and the price rises many times people will ignore the bad side of the past and they have thought SOL has grown rapidly, if the problem of the bad side of SOL to avoid the long term let SOL investors judge, I myself am not a fan of SOL just see the sharpness of the price now is quite high.

[bluebit25]

Those issues where SOL has experienced before like having network problems will be ignored by most of its investors. Why?

Because the most important thing right now is how profitable it is and how they're able to make money out of it. So, that does matter if there have been issues in the past? For the ones that have this as a factor, yes.

But if you're just for the profit, you can forget about it and wait until the cycle moves along with the market and then will make you money again.

The way I observe the crypto market is that people will not pay much attention to technological solutions when there is a price increase, and that is only discussed carefully when the price decline occurs.

Perhaps the recent short price increase caused the hype surrounding it to make people forget what happened and also other risk factors, such as some memecoins being pumped/dumped to collect revenue attracts people who like to look for quick rich opportunities . To me, it's like a game to trap greedy and ignorant people. Even though I'm not anti-crypto, I also know it has backing, but I won't like it either. It's a short-term game and I also missed the opportunity to access it at a low price, so I don't want to pay much attention to the opportunity to find profits with SOL.

[oktana]

👉 I'm majorly concerned about this, I know it isn't my business but doesn't it sound fishy to anyone else that solana could process billions of transactions at zero cost for users, disguised in the idea of innovation, my question is simple 🤔  How do they make their profits? Or are they really all for the public?

You added this to your list but it isn’t something that actually makes SOL holders feel in danger. It’s okay to wonder how they make their money but that shouldn’t bring fear. For the other points you listed, they are things that SOL investors need to consider because even if it isn’t true, it can bring about FUD, and the thing about FUD is that it doesn’t care if it’s true or false, you can see it turn your gold to sand in seconds once everyone starts pulling out their investments. Well done for compiling this.

[Obim34]

You never can tell what holds for the future of any crypto currency, which we go off the market and which will last longer so it is best you start the plans so you can invest and take out your profits before something bad happens. its quite unfortunate how most reputable Altcoins will go off the market non is being exceptional so we should be careful on how we invest into most of these Altcoins, they may have a short term spam so holding for a long term will cost loosing funds. This now teaches that Bitcoin alone is well defined and  considered to hold for a longer time as their is no chances of loosing funds as long you hold even during the dip.

[Hypnosis00]

SOL has been controversial at times but it works. SOL ecosystem is rapidly growing with every new dapps emerging on the platform. Though I sold my sol early, the people that held it are now in good profit. And it is the right time to sell as there could be a correction.
The whole market works more on speculation than utility and in case of Solana, there's even some utility. Usless meme coins with heavily premined or a largely developer held token reaches spectacular prices in matter of days, on a comparison, Solana is more transparent and useful.

Indeed, this project is growing at this time and holders make a profit already (if they sell) but we can't take away the possibility that its price may fall in the future. I invested in Solana last year but I sold them because I don't have the confidence to hold them longer.

Well, it is better compared to meme coins but I hope the news won't significantly affect its price now, or else, this will be a reason why holders are selling off their coins before the Bull season. It doesn't matter if the price goes high these days but we are talking about the future which is still uncertain. You will need to remember what happened to Luna, it can be possible to Solana as well.

[wheelz1200]

To start with the thread should be on altcoin discussion and not bitcoin discussion board.

Those who hold sol are already on the profit side and if I’m to be a holder I don’t see reason why I won’t take profit now that the coin have appreciated in price, what ever the team is doing is for there own interest if they don’t handle the project well it will definitely drop in value which might not be easy for it to recover.

Altcoins to me are not currencies which should be held in someone wallet for long as a means of long holding assets you never can tell what the team will come up with which could affect your holdings that’s why it’s always good for me to enter when I feel the price is right and exist when I see some profit.

Agreed on that end.  No altcoin should be held "long term".  Every cycle new top 10s go up on marketcap and one thing stays constant, bitcoin drives the market and owns the market.  Alts should only be used as short term trades to pump up your bitcoin bag if there are profits to be made.

[nelson4lov]

Any concerned opinion about Solana that is positive is usually taken as a fud by solana fan boys especially now that the price has done insanely well in the last couple of months. As long as the price of Solana increases, rational thinking goes out of the window. As a matter of fact, I read somewhere that Solana is massively subsidizing their transaction costs to keep it as low as possible. If it's true, it's the classic "fake it till you make it" situation and it's working really well but the sustainability is my biggest question.

[Sophokles]

I know sol team has shady behaviour but you can not do anything about it because they have huge backing. Otherwise how did it make more than 10X after the drama of FTX and its involvement with sol. I think recent pump is to give FTX their much-needed liquidity to compensate some of their big customers by selling their sol token shares at high prices. The only one who will be in pain is the later investors who brought SOL above 100$ after this pump. Some OGs have already suspected this and sold off their SOL and invested somewhere else.

[AmoreJaz]

I know sol team has shady behaviour but you can not do anything about it because they have huge backing. Otherwise how did it make more than 10X after the drama of FTX and its involvement with sol. I think recent pump is to give FTX their much-needed liquidity to compensate some of their big customers by selling their sol token shares at high prices. The only one who will be in pain is the later investors who brought SOL above 100$ after this pump. Some OGs have already suspected this and sold off their SOL and invested somewhere else.

my take on this as well is to better discard this alt while the price is still good in the market. i have the feeling that this will go down bad sooner or later. check the valid reasons why such steep increase? because if the reasoning is weak, things will go sideways here fast.

though the decline may not be so bad as this alt is already one of the top alts in the market, but i think it will go down sooner or later and we will see its true value in the market.

[Sophokles]

I know sol team has shady behaviour but you can not do anything about it because they have huge backing. Otherwise how did it make more than 10X after the drama of FTX and its involvement with sol. I think recent pump is to give FTX their much-needed liquidity to compensate some of their big customers by selling their sol token shares at high prices. The only one who will be in pain is the later investors who brought SOL above 100$ after this pump. Some OGs have already suspected this and sold off their SOL and invested somewhere else.

my take on this as well is to better discard this alt while the price is still good in the market. i have the feeling that this will go down bad sooner or later. check the valid reasons why such steep increase? because if the reasoning is weak, things will go sideways here fast.

though the decline may not be so bad as this alt is already one of the top alts in the market, but i think it will go down sooner or later and we will see its true value in the market.

The only reason for the sol hype was for the airdrop. But it is too good to believe that sol got billions of dollars only from the airdrop farmers. The most logical explanation is someone is trying to push the price up to give FTX a better price to sell off their share. As we all know, FTX owns a large portion of the sol token which is locked in a smart contract and will be unlocked very soon. If i were a sol investor i will also see off my sol right now as the price is still very good.

[JeffBrad12]

apparently most of the sol holders doesn't even care about such thing most of them just know that solana is bullish and they want to get in and thats it.
but surpisingly such behaviour works out very well in investing in cryptocurrency because cryptocurrency are pumping quite literally out of nowhere with cryptocurrency is very common occurrence and thing like solana where it was having so many bad rumours around the price plummeting could suddenly increase 1000% from its initial price also occurred so many times.
at this point I think if even you point out some problem with solana those holders are gonna keep holding anyway, because they are already in profit.
remember back then solana was rumoured to be dumped by ftx some people are still faithfully accumulating and they did make profit but for those that get in late, well too bad I think the trend of investing in solana has reached its peak.

[shinratensei_]

Any concerned opinion about Solana that is positive is usually taken as a fud by solana fan boys especially now that the price has done insanely well in the last couple of months. As long as the price of Solana increases, rational thinking goes out of the window. As a matter of fact, I read somewhere that Solana is massively subsidizing their transaction costs to keep it as low as possible. If it's true, it's the classic "fake it till you make it" situation and it's working really well but the sustainability is my biggest question.

thats true i've seen some people going around always trying to attack anyone that have differing opinion what a time to be alive for the slightest concern for solana is considered a fud maybe because they already gotten quite the profit but it become a problematic if they buy at the top and attack those people that are truly concerned for the sake of keeping the solana name good.

I know sol team has shady behaviour but you can not do anything about it because they have huge backing. Otherwise how did it make more than 10X after the drama of FTX and its involvement with sol. I think recent pump is to give FTX their much-needed liquidity to compensate some of their big customers by selling their sol token shares at high prices. The only one who will be in pain is the later investors who brought SOL above 100$ after this pump. Some OGs have already suspected this and sold off their SOL and invested somewhere else.

thats right, money coming in to pump out of nowhere im sure there are big forces behind the solana pumping and big capital as well, it could be just for the sake of interesting the value of solana holding for certain company but thats just speculation.
the solana pump felt unnatural but to be fair so many pump artificially created these bull market, so im not surprised.
and yes as many have stated the airdrop was such a hype i guess that it helps solana in gaining more market capitalization.

I know sol team has shady behaviour but you can not do anything about it because they have huge backing. Otherwise how did it make more than 10X after the drama of FTX and its involvement with sol. I think recent pump is to give FTX their much-needed liquidity to compensate some of their big customers by selling their sol token shares at high prices. The only one who will be in pain is the later investors who brought SOL above 100$ after this pump. Some OGs have already suspected this and sold off their SOL and invested somewhere else.

my take on this as well is to better discard this alt while the price is still good in the market. i have the feeling that this will go down bad sooner or later. check the valid reasons why such steep increase? because if the reasoning is weak, things will go sideways here fast.

though the decline may not be so bad as this alt is already one of the top alts in the market, but i think it will go down sooner or later and we will see its true value in the market.

i think the decline not gonna be that bad, it will tanks but it will be priced far from its bottom price.