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Author Topic: Opinions on SOL... can it be trusted?  (Read 16 times)
Rabbitqt (OP)
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April 26, 2024, 10:33:02 PM
 #1

I've really been enjoying the SOL gains this bull run, but something in the back of my head is telling me not to trust the asset. The fact that FTX was so heavily invested in SOL and it just happens to pump hard around the time of the SBF trail is fishy to me... Then we have crypto funds like Pantera picking up SOL for less than half price.

https://dailycoin.com/what-pantera-capitals-latest-solana-investment-means-for-sol/?utm_source=cryptopanic&utm_medium=rss

The ecosystem is only getting worse with age, and its features aren't that different from other protocols on the market...

What's your opinion and take on SOL?
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April 26, 2024, 10:38:20 PM
 #2

If you are not so comfortable about investing your funds in Solana, I think you need to follow your mind so you don't blame yourself later.
I could remember then when I lost so much fund on uniswap and the hype was still hype while people are losing their money.
There are many projects in the past I would not put my out money because I have learnt from the hard way.
If you think Solana is not good enough to make you profits maybe you can consider looking for other tokens too but all I know is that Bitcoin is quite profitable with high assurance.









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April 26, 2024, 10:43:53 PM
 #3

Trust no one. Trust only yourself, no matter the kind of confidence that any coin has gained in the crypto space. As long as they have someone who can censor or control what happens on that blockchain, anything is possible.
 
For the time being, they have proven themselves worthy, but that does not mean that you should invest more than you can afford to lose. Proceed with extreme caution when investing in any project. The best way to stay safe is to play it safe from the beginning.

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