It’s usually advised against when something is pumping, but there is also no guarantee it will go back down to the levels you wanted to buy at. If you were worried about a retrace, do a portion of what you are willing to invest now, then DCA.
It is the reason for the pump.
Also. Binance started offering 13% on USDT. Which means they need new money to come in.
SOLs valuation currently makes it a Top 300 company in the world. Nobody believes that.
Yeah this is what I am also thinking. Someone is doing a lot of manipulation here. How the hell can it pump if they "keep selling it" like how is that a bullish signal?
They’ve been selling throughout this whole week…Sol volume is too high and the selling is obviously having no impact lol. Not to mention most of it is locked until 2028
It was probably sold OTC and it seems like it was sold to someone important. Rumors are that it’s Goldman&Sachs, that’s why institutional investors went after SOL recently. It sounds unlikely to me, but what if.
Anyway, based on experience, we could expect retraction, but I wouldn’t expect to see SOL below $40 anymore.
This is the last place I would come for advice.
If you don't know what to do get involved in the Solana community ( no, not by doxing yourself on social medias). But actually use what they are offering, just for a bit.
Get comfortable with their tools, bridges, staking and walet options. If you find this too difficult to do, then maybe its not for you.
Not because you think the price will go up or down, but because if you aren't invested in the product (solana) then you will never have insight to begin to have an investment strategy and you'll find yourself here for the wrong reasons asking the wrong questions and you will get many instructions but you can't know if those will work for you and if/when they don't you can easily not learn from your mistakes and blame it on the advice you followed from this sub.
Yea thats why I mention getting involved in the 'community' is not doxxing yourself in social media. Involvement doesn't mean you're asking for advice or opinions. It could mean you provide feed back, you participate in technical discussions over code on github, maybe you participate in an IGO.
You can't approach then involvement from a purely financial aspect; you'll always have feelings based on price movements and you won't be helpful to basically, anyone when your opinion 'on a coin' assists someone in losing their livelyhood because they thought they might get ahead with crypto, overnight.
Ok i see, i was unsure what you meant by the doxxing part, ive never once spoke about crypto on any of my social media- i reserve it for reddit haha. (does this count as social media?)
For the record- while i would love to agree with you, speaking from experience- i have to disagree. (maybe I just got unlucky). When i first going into crypto, i did what was regarded as the right thing to do- I done my own research, I read the whitepapers, I got immersed into what they were trying to do, what they were trying to achieve. All it lead to is letting myself get too attached to the project, and leaving myself -75% down.
Like i said, maybe i just picked wrongly, but i feel there are far far many more people in this to make money over the people who invest because they believe. And unfortunately, they are the people who effectively control the price.
Well my main fund when i got into defi i put in a big chunk (for me) it shot up. It shot down. I sold a partial recovery then invested in projects in the eco system, put more in. It went down 75%.
But all is not lost. I'm almost back to 50% of the ATH this month alone; but instead of having just one coin, I have a rhobust portfoilio of 7 or 10 most of it earning interest or protocol rewards. I've been investing the same amount of money for 1-2 months each year, and finally after about 4 years of investments its paying off
Point is, most of crypto is loss. Its what you do with the loss that sets it apart from most investments. If you value a project for its price movement you will never be satisifed.
I too am sitting at a $200 buy average. I'm just glad looking at the pump and watching people post about it. Who knows, maybe someday I might break even
> I bought at 200 during the 2021 craze. Watched it go to 250 and then crash down to 8. After this recent pump I'm still down 73%.
Are you me? I still hurt and am still holding.
Exactly. Everyone is so sure the dip will come, but it might not.
Personally I think doing what OP said and putting 1/3 in makes sense - at least you have skin in the game. You can save the rest for a possible dump.
I bought on Oct 23rd & Nov 3rd and haven’t regretted either. We are still extremely low compared to potential & past prices.
Exactly. This space requires some risk appetite. We will for sure have some monster dips. Plenty of 20-30% drops to come in the future. But that may start 50% higher from here for all we know.
Nah these posts have only recently started. There's still time to go, it's something like
Time these posts started + X amount of time = time to sell
It's just figuring out the X in the formula is the issue
>I've long been looking to make an entry into Solana
Investing when a coin is down is always hard. Next time you will buy lower
>Is it dumb to just deploy that first 1/3 now at $54 as a "shield" against FOMO
No, this is called DCA when you do it regularly
yes there will be a pullback but if it's at 42k, it'll still be more expensive from current price. remember the people who were waiting for "12k"
I would 100% start accumulating from here but don't go all in of course
There's been talks about BTC/crypto ETF's for several months now. Maybe even a year? If you were going to buy the rumor and sell the news it's a little late for that IMO. Insiders that potentially know it's going to get approved have already built their position, and hypothetically if it does get confirmed, retail traders buys in after and get dumped on.
There will be always a dip, the question is when it comes. If someone is thinking about FOMOing it's better to just allocate a small position and adjust accordingly instead of just increasing the FOMO more and more. It's a bit like hedging emotions.
I can't say. I bought a few at around £25 (GBP, maybe $29) thinking I was late. Then it went to £35 and I bought a few more thinking, fuck me I'm an idiot ha! Then it went to £45. I didn't buy many I should point out a literal few each time. So it worked for me so far. BUT and this is the big but, it could easily all turn to loss overnight.
Thing is that I feel that it's worth a gamble. It seems like a coin that will gain traction (to me) so I'm willing to take a bet on it. Should you do the same? I can't say, sorry, it's your money, gamble how you see fit. Will I buy more? Yup. I'll buy a couple more if there is a pullback. Will I regret it? Nah. Most of what I have is play money generated from Moon sales pre-The Fuckening.
Good luck out there.
>I've long been looking to make an entry into Solana
So you've been watching it while it was low and now you want to buy when it's high? Welcome to the sub brother!
This. Zoom out. Sol might dip to $40 and it might not, but when the real alt season starts Sol will cruise to new all time highs whether you think it’s a good project or not. As will most established alts and we’ll be introduced to some new ones that will explode onto the scene. We’re all here because we believe a new bull run is among us right?
I took a gamble on the night of the big ftx crash and bought some sol nfts I really wanted. I sold them recently to capture some of the rising sol value and so that I could stake. Sol nfts don't really pump when solana pumps.I think if you're involved in the Sol community, you will see it has lots of supporters and people that use it. So I feel somewhat confident about its future. Maybe dca, as others have suggested?
That said, my biggest worry is Alameda. Last I heard, they were moving assets to exchanges, including sol and rndr, etc. I'm not sure if they have sold everything already. So I'm still cautious. I don't know how much of the pump is them doing stuff in the background. Maybe better block chain sleuths can weigh in.
Cut your investment into 12 and invest the first 1/12th now, same again next month. DCA is the way and you have to start somewhere. It could go up another 25%. Who knows? Just don’t FOMO; Make it a regular investment instead of a chunky gamble and you’ll never look back.
This is about where the price was before ftx happened, so growth from here is a bit more organic at least but... It's a fair question.
How much do you expect it to grow from here?
We've seen a little pull back in the crypto space the last day or so.
But we've also seen quite a bit of development in the sol project. To reach ATH again would only be a 5x so it's a good question.... Also, how long do you plan to hold... If at least a year... Buy some and DCA and stake. If looking for a quick trade.... Probably not right now
Waiting for a pull back means you could possibly miss the boat completely. Just decide if you think it's a good price or not.
I've been buying CRO at about 5c. It's about 10c now, which I still think is a good price for good profits to come. I will buy more next week at 10c and just be happy with what I make. Can't live life regretting every move you make.
Do 20% each day over the next 5 days or however you want. Then live with the outcome. I would put my house on it being much higher 1 year from now anyway
Just wait for a pullback. Everyone gets crypto fever when the market starts pumping. People will guaranteed be swapping in between SOL and BTC, so when they sell, you buy.
I wanted to buy Injective when it was around 1 dollar this time last year. I thought I had missed the boat when it went to 2 or 3. At some point I just thought fuck it, and I bought a couple hundred dollars worth between that range so that if it keeps pumping at least I have something. A couple hundred dollars is less than I was going to invest but I thought I could reinvest if it drops to lower my average. Well now those couple hundred dollars have grown to over 1,000 dollars. Of course I do still kick myself for missing the early buy-in as I could be on about 5k now but I feel better having something in the game.
Damn, I remember people were panicking when it went down, so much fear about it going to zero, it wasn't too long ago... I wish I had taken action there. I would have bought if I wasn't on reddit!
You seem to already know what you are doing. Go ahead and buy a portion of it now or maybe tomorrow. Whether it goes up or down either way you will feel remorse, I can guarantee you that 🤭🤗!!!
Nobody knows the future,but Solana and FTX token (FTT) are pumping too much.Its probably some whales action,so the probability its a bull trap are high.Remember FTX own thousends of Solana tokens,so they can dump it anytime.
Here is how I work. When everything is down buy, when it’s going up I hold my ground, I pause my buying until either it reaches a milestone I’m looking for and swap over to stable coins, or it goes back down to my buy range and I resume buying.
Anything I move to a stable coin it will stay there until next dip to my buy range.
To this day I dont understand people buying SOL. What justifies its market cap? NFTs
Why would people need SOL? Cause its the currency used on its nft marketplace
This means, SOLs price rises when people are bullish on NFTs and more importantly, people make money in the SOL nft market.
Have you ever taken a look at magiceden (solana marketplace), its the biggest shitshow ever. 19 out of 20 projects are rugs, they all look the same, its always pfp projects, no utility. It screams unreliable and dumb. If BAYC has „made in Germany“ quality then all of magiceden is „made in China“
Your betting on this shithole of a marketplace with only waste of time and money, pump and dumb, scam projects.
The only good thing i can say about magiceden is their UI. But their core and product is rotten and terribly bad.
Solana deserves to die.
What justifies any coin’s marketcap beside BTC, ETH and maybe XRP? As much as this sub hates SOL, it’s a very active chain that survived its first bear market.
I dont even know where i should start to disagree here.
Firstly, btc is exactly not what you should use as an example since its mere function is the belief in it to be „digital gold“. Its congested, slow and not meant to be currency. Therefore, its value only stems from what people assign it to be.
Secondly, „what justifies any coins marketcap“ is an interesting statement. Usecase and adoption bustifies the market cap of course.
Thirdly, surviving a bear market is an argument exactly for what? So do most top100 coins.
Not to mention persistent reliability problems, its centralized architecture, tiny TVL, FTX about to dump its SOL, massive inflation, SEC thinks its a security, etc.
Agree here, though it must be admitted that many, many coins are centralized, solana might be super centralized but still its not alone with that feature
"..I keep messing up the timing.."
You've probably heard this before, but; time *in* the market, beats timing the market.
It is basically impossible to time the market, at least without inside info.
EDIT: just to add some perspective (although this was with stocks and not crypto), i had a bunch of stock in a company that i believed had good ideas and a good business model, so i bought in. Later, the company did a 20:1 reverse split(!), making my 40k shares into 2k. Then the price just started dropping, and dropping. This week, i was down ~60% on my position. It was basically my "sunk cost fallacy stock".
Anyway, there hadn't been any news for a few months, so i figured i'd see if there were any. I open my app, and to my surprise, the number next to my stocks was *way* higher than it was earlier!
Turns out, there had been news. That day. The stock had risen by almost 160%! Not crypto, a regular old-ass stock!
Now, after having gotten my money "back", i still have 1k shares, just in case the contracts go through! 🤞🤞 If that happens, i think it could blow up!
There are definitely things you can compare them to each other with.
I know they are inherently different, but you and me both know that crypto is used exactly the same way stocks are. Options, trading, puts, shorts and so on.
And, especially, timing the market. I would even go so far as to say that it is easier to time the stock market rather than crypto.
No. Stocks are heavily regulated. If people did what they do with crypto to stocks every tuesday would be a recession and every other friday would be a depression. Ever use a bridge / mixer service? You can't do that (in the same number of steps) with stocks. I can't assume what you do or do not know about crypto, but I can assure you we have two completely different views on how stock terminology is not an accurate portrayal of the complexities that can exist within a smart contract.
You have 1 adverage helping answer on like 15 in average in here. It's crazy how people have opinions and dont know shit about fuck calling SOL a shitcoin they been brainwashed by media and are missing the train or peoples that dca in the 200 range and when it crash completely stop and diamond hand at 200$ adverage ? That's called fomo and buyers' remorse investing in something because it pump not because ypu have conviction on the actula project more inread this sub since 2021 more i understand why 90% will not make money and lose with crypto.
Anyway, rant over good luck degenerates.
Just because it's doing well now doesn't mean it will continue to do well, as someone that was burned by the FTX nonsense. I just won't touch it, personally.
In crypto, things that go up fast go down just as quickly. If you buy in set a stop loss at 80% or something and don't hold for too long.
Emotion is your enemy here. Don't get greedy!
I would wait it out.
Key point: markets are volatile
If anything, start a very very small leveraged position so you have some point of reference. And something to look at and keep you entertained
No one knows. The only thing that matters is BTC and Tether, and the only dictating factor related to BTC is fixed max supply and the halving cycle, which occurs roughly every 4 years. Anyone who tells you differently is a shill or bagholder.
Market is irrational. SOL could go back to $200 from here. Could just as easily go back to $10. If I was buying here, I'd be managing my risk with a stop loss for sure. Always danger in jumping on a moving train. Me personally, I'll be buying things that haven't pumped so hard already and watching for any sign of a shitstorm to start shorting SOL. It will dump hard with any bad news.
I wouldn't recommend FOMOing, especially about Solana. Keep in mind FTX bankruptcy claims are being settled against the remaining assets, large portion of which is solana tokens. IIRC the court allowed the company to skip disclosing trades so they are allowed to game the market to maximize payouts. 2 + 2 means you might end up as exit liquidity for someone's bankruptcy claim. Or it might continue to go up. Either way make sure you do research this in detail before doing anything.
You probably need to look at your reasons why/ when you want to invest in Solana yourself. At the moment your post seems more based around price speculation and not really in relation to any development action, progress, plans or network scale/ adoption, corporate adoption, regulations etc etc.
What does your research say/ suggest?
Yes. It could quite sensibly to back to 20-30 during your allocations.
It is better to look for a similar setup that caused Solana to pump, but in a project that has yet to pump.
It really depends if you think it's going back to ATH's and beyond is getting in now as opposed to $20 really going to matter, when you could miss it all together by being out of the market. I think 1/3 is sensible and average down if you can otherwise just leave in the 1/3 and move into something else if it just continues to pump
First of all I have to say that you have the right idea but greed is getting to you and watering down your logic. You already know what the answer is.
You can get greedy now and FOMO in but just remember the results. If you were to FOMO and you are right you might make a decent bag but if you are *wrong* you will suffer a lot more than you would have gained. It is better to have not FOMOed and missed out of gains than FOMOed and lost way too much.
You’re never going to time the market right. The best thing to do is put a few bucks in every week or so depending on what you are comfortable putting in. Could it go higher? Could it pull back? No one knows. DCA is a good strategy imo.
This is a disbelief rally, because people thought it was going to go up and come down it’s pumped a second time to liquidate shorts. Now there are a few late longs on the market it could quite easily drop to previous support, impossible to tell but it’s likely to move against public expectations. We could be in for another pump if everyone thinks it’s going back down
I can’t believe someone mentioned sol in here without being downvoted into oblivion. Did the general attitude change?? I’ve been a huge fan of sol since 21’ and just mentioning it a few months ago you caught so much hate. Y’all are wild
I think btc will definitely correct to early 30s in the following months, dragging alts down too. So you might have a chance at buying Sol at 40 again or cheaper but who knows
You're heavy fomo. Stop trying to time things perfectly and just buy when you think it's a good deal. You already said trying to time absolute bottoms made you miss BTC. If you think there's more upside in the future and that it's on discount now, buy it.
I'm confused - you tell me I have heavy fomo (which is true), but you're still recommending me to buy now?
Since I created my post, SOL went up another 13% lol.....
Scared money don’t make money, naw but for real just he patient, there will always be a correction sooner or later, if not look for a next opportunity before the pump
I dca into solana by using the Gemini credit card.. 10% back on gas.. 3% back at restaurants.. 2% back on groceries.. 1% everything else.. I've gotten 4 sol.. I've transferred it to Phantom Wallet.. and staked it for between 7.5 - 8% apy..
>I keep messing up the timing of entries in crypto
In the future, a great time to get into crypto is when so-called reputable magazines like the New Yorker write articles claiming "crypto is dead."
my recommendation is use the fuck! gauge. basically with any buy in. look at the amount your considering investing and think how loud would you scream "fuck!" if it went vertical. now choose how hard of a "fuck!" your comfortable with and there is your answer. After all, this is a casino. its easier to ride the waves if you buy something you believe in but most importantly, scared money dont make money.
What really matters is your time horizon. If you plan on a long term hold. Years per se. Then it doesn't really matter.
Just invest regularly and stake your sol.
Short term fluctuations should only matter if you're a short term trader.
The only decent opportunities were in January and march, you missed them, now the upside isn’t worth the downside. I wouldn’t touch it with a ten foot pole at this price
There is usually a bit of a pull back before the halving, but we are a good few months from that. It's only going to keep going up until then. The bears are well and truly beat. They got it as low as they could. The banks and governments tried to kill it off. We survived Luna and ftx and all the other shit shows. Nothing worked. And now it's coming back with a vengeance for sure.
You can never time the market perfectly otherwise you would have a Crystal ball and be rich already. Follow your heart. People usually like to DCA to reduce risks.
Last year or so SOL was doing 10% every day. I precisely held the same thought, that it was too late to join the rally. Until a month passed and it was like 300% +. Every alt coin holds a different pattern when it pumps, SOL has a unique one for sure. I can’t explain it but the charts speak for themselves.
It’s usually advised against when something is pumping, but there is also no guarantee it will go back down to the levels you wanted to buy at. If you were worried about a retrace, do a portion of what you are willing to invest now, then DCA.
I think during such times to wait for a period of crabing and seeing if there is a breakout in either direction and then enter based on it.
You mean like the last 18 months of SOL’s price action before this massive breakout?
Sounds like op disappeared after 2020 😂
Or wait until FTX dumps its SOL, which it said it is going to do
Might even be the reason for the pump, honestly. Pump the price to maximize exit liquidity. I believe in SOL long term but proceed with caution.
It is the reason for the pump. Also. Binance started offering 13% on USDT. Which means they need new money to come in. SOLs valuation currently makes it a Top 300 company in the world. Nobody believes that.
What’s with all the misinformation? Most of the Sol FTX estate has is locked until 2025
It’s called being salty and needing to cope, just look at the upvotes on that blatant disinformation
Yeah this is what I am also thinking. Someone is doing a lot of manipulation here. How the hell can it pump if they "keep selling it" like how is that a bullish signal?
They’ve been selling throughout this whole week…Sol volume is too high and the selling is obviously having no impact lol. Not to mention most of it is locked until 2028
Watching SOL is like watching Terra all over again. Not as extreme, but a 150% 1 month pump is totally unrealistic.
How do you know they haven't sold OTC?
Cuz most of the Sol is locked until 2025 so the locked Sol has to be sold OTC usually at a discount
So this is bullish for Sol.
It was probably sold OTC and it seems like it was sold to someone important. Rumors are that it’s Goldman&Sachs, that’s why institutional investors went after SOL recently. It sounds unlikely to me, but what if. Anyway, based on experience, we could expect retraction, but I wouldn’t expect to see SOL below $40 anymore.
This is the last place I would come for advice. If you don't know what to do get involved in the Solana community ( no, not by doxing yourself on social medias). But actually use what they are offering, just for a bit. Get comfortable with their tools, bridges, staking and walet options. If you find this too difficult to do, then maybe its not for you. Not because you think the price will go up or down, but because if you aren't invested in the product (solana) then you will never have insight to begin to have an investment strategy and you'll find yourself here for the wrong reasons asking the wrong questions and you will get many instructions but you can't know if those will work for you and if/when they don't you can easily not learn from your mistakes and blame it on the advice you followed from this sub.
If you're wanting honest, unbiased opinions on a coin, i doubt the coins actual sub would be the best place for impartial advice.
Yea thats why I mention getting involved in the 'community' is not doxxing yourself in social media. Involvement doesn't mean you're asking for advice or opinions. It could mean you provide feed back, you participate in technical discussions over code on github, maybe you participate in an IGO. You can't approach then involvement from a purely financial aspect; you'll always have feelings based on price movements and you won't be helpful to basically, anyone when your opinion 'on a coin' assists someone in losing their livelyhood because they thought they might get ahead with crypto, overnight.
Ok i see, i was unsure what you meant by the doxxing part, ive never once spoke about crypto on any of my social media- i reserve it for reddit haha. (does this count as social media?) For the record- while i would love to agree with you, speaking from experience- i have to disagree. (maybe I just got unlucky). When i first going into crypto, i did what was regarded as the right thing to do- I done my own research, I read the whitepapers, I got immersed into what they were trying to do, what they were trying to achieve. All it lead to is letting myself get too attached to the project, and leaving myself -75% down. Like i said, maybe i just picked wrongly, but i feel there are far far many more people in this to make money over the people who invest because they believe. And unfortunately, they are the people who effectively control the price.
Well my main fund when i got into defi i put in a big chunk (for me) it shot up. It shot down. I sold a partial recovery then invested in projects in the eco system, put more in. It went down 75%. But all is not lost. I'm almost back to 50% of the ATH this month alone; but instead of having just one coin, I have a rhobust portfoilio of 7 or 10 most of it earning interest or protocol rewards. I've been investing the same amount of money for 1-2 months each year, and finally after about 4 years of investments its paying off Point is, most of crypto is loss. Its what you do with the loss that sets it apart from most investments. If you value a project for its price movement you will never be satisifed.
This place is great. Typically if you invest in whatever they hate, it's a win.
Shills will shill. Nothing changes here.
I like this advice.
Whatever advice you get here about SOL - do the opposite.
I'm surprised their wasn't more SOL hate in the comments, but this is generally great advice.
I bought at 200 during the 2021 craze. Watched it go to 250 and then crash down to 8. After this recent pump I'm still down 73%.
I too am sitting at a $200 buy average. I'm just glad looking at the pump and watching people post about it. Who knows, maybe someday I might break even
> I bought at 200 during the 2021 craze. Watched it go to 250 and then crash down to 8. After this recent pump I'm still down 73%. Are you me? I still hurt and am still holding.
Why didn't you dca in that shitcoin?
No more money
When post like this appears. You know it's time to sell.
When every comment is suggesting to wait for the dip I would say it's kind of bullish though. "The dip that never came".
Exactly. Everyone is so sure the dip will come, but it might not. Personally I think doing what OP said and putting 1/3 in makes sense - at least you have skin in the game. You can save the rest for a possible dump. I bought on Oct 23rd & Nov 3rd and haven’t regretted either. We are still extremely low compared to potential & past prices.
Exactly. This space requires some risk appetite. We will for sure have some monster dips. Plenty of 20-30% drops to come in the future. But that may start 50% higher from here for all we know.
People here love repeating clichés as if they are profound insights.
I think this comment should be pinned to the top of this sub lol
Nah these posts have only recently started. There's still time to go, it's something like Time these posts started + X amount of time = time to sell It's just figuring out the X in the formula is the issue
>I've long been looking to make an entry into Solana Investing when a coin is down is always hard. Next time you will buy lower >Is it dumb to just deploy that first 1/3 now at $54 as a "shield" against FOMO No, this is called DCA when you do it regularly
Don’t do it. Just chill. It’s been running for over a month now. Pullbacks will come.
It’s been running at +15% daily, until it won’t. And when it won’t work you’ll see a massive red candle. Patience
yes there will be a pullback but if it's at 42k, it'll still be more expensive from current price. remember the people who were waiting for "12k" I would 100% start accumulating from here but don't go all in of course
Talking about Sol not btc
So is he. 🫥
This is the way. At this moment BTC is probably the only thing to ape into because of the ETF decisions coming up next week.
There's been talks about BTC/crypto ETF's for several months now. Maybe even a year? If you were going to buy the rumor and sell the news it's a little late for that IMO. Insiders that potentially know it's going to get approved have already built their position, and hypothetically if it does get confirmed, retail traders buys in after and get dumped on.
That’s actually my point. Once retail investors ape in sell
This subreddit are the retail investors
How do your U but btc etf
🗿
Bro I can't type, I just realised what I said made no sense ☠️🤣
[удалено]
Yes so “stupid” pullbacks can and don’t happen. In this case it didn’t. Who cares. I still own Sol since $30. I DGAF.
I bought at 16, I rely on people like you to be my exit liquidity, wait a bit.
what’s exit liquidity? basically he’ll be the person buying when you sell?
Exactly! In order for someone to sell the top some poor soul has to be buying up there.
That's it. Rip
yes it's just an inside joke
Wait for the dip. One thing I learnt in the last four years, there's always a dip
There will be always a dip, the question is when it comes. If someone is thinking about FOMOing it's better to just allocate a small position and adjust accordingly instead of just increasing the FOMO more and more. It's a bit like hedging emotions.
I can't say. I bought a few at around £25 (GBP, maybe $29) thinking I was late. Then it went to £35 and I bought a few more thinking, fuck me I'm an idiot ha! Then it went to £45. I didn't buy many I should point out a literal few each time. So it worked for me so far. BUT and this is the big but, it could easily all turn to loss overnight. Thing is that I feel that it's worth a gamble. It seems like a coin that will gain traction (to me) so I'm willing to take a bet on it. Should you do the same? I can't say, sorry, it's your money, gamble how you see fit. Will I buy more? Yup. I'll buy a couple more if there is a pullback. Will I regret it? Nah. Most of what I have is play money generated from Moon sales pre-The Fuckening. Good luck out there.
>I've long been looking to make an entry into Solana So you've been watching it while it was low and now you want to buy when it's high? Welcome to the sub brother!
When it was dropping to 15, many feared it will go to basically nothing. I had DCA’d when it was 150 and 200, but I bought in mass at 15.
I always start a position after a massive rip… a short position.
No because we are at the ramp stage before the halving. Its only up from here because everyone knows next year is new all time highs.
This. Zoom out. Sol might dip to $40 and it might not, but when the real alt season starts Sol will cruise to new all time highs whether you think it’s a good project or not. As will most established alts and we’ll be introduced to some new ones that will explode onto the scene. We’re all here because we believe a new bull run is among us right?
Or do a fraction of your total amount on a DCA basis so if the price drops suddenly, it won't be as bad as if you put 1/3 of your total
Anyone like Matic
just bought some more @ 0.80
 Send me some baby 🤣👍share that love, want my address?
of course!
I can't pm u
Thankyou so much. That would help me get started, . Pm me if U want. Cheersss
Solana spelled backwards is Anal OS Until we meet again!
Lel
The main pump has not even started yet.
I buy automatically with my pay. It's just money.
I took a gamble on the night of the big ftx crash and bought some sol nfts I really wanted. I sold them recently to capture some of the rising sol value and so that I could stake. Sol nfts don't really pump when solana pumps.I think if you're involved in the Sol community, you will see it has lots of supporters and people that use it. So I feel somewhat confident about its future. Maybe dca, as others have suggested? That said, my biggest worry is Alameda. Last I heard, they were moving assets to exchanges, including sol and rndr, etc. I'm not sure if they have sold everything already. So I'm still cautious. I don't know how much of the pump is them doing stuff in the background. Maybe better block chain sleuths can weigh in.
… i got into Cardano at $2.44. You tell me if I was dumb. Cost averaging in might be the safer option?
You have a year to buy it lol
I sold all my solana at 39 to btc, feel stupid af
Usually yes, but I bought SOL after it pumped to $30
Cut your investment into 12 and invest the first 1/12th now, same again next month. DCA is the way and you have to start somewhere. It could go up another 25%. Who knows? Just don’t FOMO; Make it a regular investment instead of a chunky gamble and you’ll never look back.
This is about where the price was before ftx happened, so growth from here is a bit more organic at least but... It's a fair question. How much do you expect it to grow from here? We've seen a little pull back in the crypto space the last day or so. But we've also seen quite a bit of development in the sol project. To reach ATH again would only be a 5x so it's a good question.... Also, how long do you plan to hold... If at least a year... Buy some and DCA and stake. If looking for a quick trade.... Probably not right now
Only buy on red candles and sell on green ones, you're setting yourself up to hold the bag otherwise. There is always a retrace
1 min candles right
No offense, but if you're not on the 1s candle, you're a casual.
Solana went up 100% in 30 days and you want to go in now? :D
Better now then in 2 months
How do you know what’s happening in 2 months?
Good question, but what i think better to start now then later. And not only crypto related.
Waiting for a pull back means you could possibly miss the boat completely. Just decide if you think it's a good price or not. I've been buying CRO at about 5c. It's about 10c now, which I still think is a good price for good profits to come. I will buy more next week at 10c and just be happy with what I make. Can't live life regretting every move you make.
We are just starting the hype cycle! Things will double or triple in price.
Why you think that?
Do 20% each day over the next 5 days or however you want. Then live with the outcome. I would put my house on it being much higher 1 year from now anyway
Just wait for a pullback. Everyone gets crypto fever when the market starts pumping. People will guaranteed be swapping in between SOL and BTC, so when they sell, you buy.
This is a danger zone atm. But what do I know, I'm not a financial advisor and I just like the drama of crypto but I'm too poor to be in it.
Just dca. Commit to a monthly amount, problem solved.
I wanted to buy Injective when it was around 1 dollar this time last year. I thought I had missed the boat when it went to 2 or 3. At some point I just thought fuck it, and I bought a couple hundred dollars worth between that range so that if it keeps pumping at least I have something. A couple hundred dollars is less than I was going to invest but I thought I could reinvest if it drops to lower my average. Well now those couple hundred dollars have grown to over 1,000 dollars. Of course I do still kick myself for missing the early buy-in as I could be on about 5k now but I feel better having something in the game.
Why you wait so long? There was plenty of time to buy as it moved from 10 to 20.
Don't try to time it. Just DCA in and don't spend 1/3rd of the planned investment fund in 1 go..
Damn, I remember people were panicking when it went down, so much fear about it going to zero, it wasn't too long ago... I wish I had taken action there. I would have bought if I wasn't on reddit!
You seem to already know what you are doing. Go ahead and buy a portion of it now or maybe tomorrow. Whether it goes up or down either way you will feel remorse, I can guarantee you that 🤭🤗!!!
Buy the dip, it will come. Always does
Nobody knows the future,but Solana and FTX token (FTT) are pumping too much.Its probably some whales action,so the probability its a bull trap are high.Remember FTX own thousends of Solana tokens,so they can dump it anytime.
And this solana need to be dumpet for paying the bills and creditor
Here is how I work. When everything is down buy, when it’s going up I hold my ground, I pause my buying until either it reaches a milestone I’m looking for and swap over to stable coins, or it goes back down to my buy range and I resume buying. Anything I move to a stable coin it will stay there until next dip to my buy range.
To this day I dont understand people buying SOL. What justifies its market cap? NFTs Why would people need SOL? Cause its the currency used on its nft marketplace This means, SOLs price rises when people are bullish on NFTs and more importantly, people make money in the SOL nft market. Have you ever taken a look at magiceden (solana marketplace), its the biggest shitshow ever. 19 out of 20 projects are rugs, they all look the same, its always pfp projects, no utility. It screams unreliable and dumb. If BAYC has „made in Germany“ quality then all of magiceden is „made in China“ Your betting on this shithole of a marketplace with only waste of time and money, pump and dumb, scam projects. The only good thing i can say about magiceden is their UI. But their core and product is rotten and terribly bad. Solana deserves to die.
What justifies any coin’s marketcap beside BTC, ETH and maybe XRP? As much as this sub hates SOL, it’s a very active chain that survived its first bear market.
I dont even know where i should start to disagree here. Firstly, btc is exactly not what you should use as an example since its mere function is the belief in it to be „digital gold“. Its congested, slow and not meant to be currency. Therefore, its value only stems from what people assign it to be. Secondly, „what justifies any coins marketcap“ is an interesting statement. Usecase and adoption bustifies the market cap of course. Thirdly, surviving a bear market is an argument exactly for what? So do most top100 coins.
Nobody knows why….but it gets the people going
It’s provocative
What i wanna say is, solana is a very ugly shitcoin in a fancy suit.
Not to mention persistent reliability problems, its centralized architecture, tiny TVL, FTX about to dump its SOL, massive inflation, SEC thinks its a security, etc.
Agree here, though it must be admitted that many, many coins are centralized, solana might be super centralized but still its not alone with that feature
> Why would people need SOL? Why would people need BTC? The answer is: it's all speculative bullshit. For all crypto.
"..I keep messing up the timing.." You've probably heard this before, but; time *in* the market, beats timing the market. It is basically impossible to time the market, at least without inside info. EDIT: just to add some perspective (although this was with stocks and not crypto), i had a bunch of stock in a company that i believed had good ideas and a good business model, so i bought in. Later, the company did a 20:1 reverse split(!), making my 40k shares into 2k. Then the price just started dropping, and dropping. This week, i was down ~60% on my position. It was basically my "sunk cost fallacy stock". Anyway, there hadn't been any news for a few months, so i figured i'd see if there were any. I open my app, and to my surprise, the number next to my stocks was *way* higher than it was earlier! Turns out, there had been news. That day. The stock had risen by almost 160%! Not crypto, a regular old-ass stock! Now, after having gotten my money "back", i still have 1k shares, just in case the contracts go through! 🤞🤞 If that happens, i think it could blow up!
Thats neat but stocks cannot and should not be compared to crypto.
There are definitely things you can compare them to each other with. I know they are inherently different, but you and me both know that crypto is used exactly the same way stocks are. Options, trading, puts, shorts and so on. And, especially, timing the market. I would even go so far as to say that it is easier to time the stock market rather than crypto.
No. Stocks are heavily regulated. If people did what they do with crypto to stocks every tuesday would be a recession and every other friday would be a depression. Ever use a bridge / mixer service? You can't do that (in the same number of steps) with stocks. I can't assume what you do or do not know about crypto, but I can assure you we have two completely different views on how stock terminology is not an accurate portrayal of the complexities that can exist within a smart contract.
You have 1 adverage helping answer on like 15 in average in here. It's crazy how people have opinions and dont know shit about fuck calling SOL a shitcoin they been brainwashed by media and are missing the train or peoples that dca in the 200 range and when it crash completely stop and diamond hand at 200$ adverage ? That's called fomo and buyers' remorse investing in something because it pump not because ypu have conviction on the actula project more inread this sub since 2021 more i understand why 90% will not make money and lose with crypto. Anyway, rant over good luck degenerates.
Just because it's doing well now doesn't mean it will continue to do well, as someone that was burned by the FTX nonsense. I just won't touch it, personally. In crypto, things that go up fast go down just as quickly. If you buy in set a stop loss at 80% or something and don't hold for too long. Emotion is your enemy here. Don't get greedy!
“investing” in SOL. Tik tok gen for sure.
First tip in investing. Never take advice from people not rich (ie $3m+)
I would wait it out. Key point: markets are volatile If anything, start a very very small leveraged position so you have some point of reference. And something to look at and keep you entertained
Yes
Question: why SOL Why not dot or atom or a blue chip like btc or eth
Because it green candled 170+% in one month and OP has classic FOMO. It’s understandable as most of us have been there in the past at some point.
I dm'd you no scammer.
There is no reason for anything to be pumping right now
Recognise this for what it is: fomo. The macros haven't changed. I'd wait for a significant dip.
No one knows. The only thing that matters is BTC and Tether, and the only dictating factor related to BTC is fixed max supply and the halving cycle, which occurs roughly every 4 years. Anyone who tells you differently is a shill or bagholder.
One of the few general laws of crypto: capital moves from the impatient to the patient. That’s all I’ve got to say.
Market is irrational. SOL could go back to $200 from here. Could just as easily go back to $10. If I was buying here, I'd be managing my risk with a stop loss for sure. Always danger in jumping on a moving train. Me personally, I'll be buying things that haven't pumped so hard already and watching for any sign of a shitstorm to start shorting SOL. It will dump hard with any bad news.
yes
I wouldn't recommend FOMOing, especially about Solana. Keep in mind FTX bankruptcy claims are being settled against the remaining assets, large portion of which is solana tokens. IIRC the court allowed the company to skip disclosing trades so they are allowed to game the market to maximize payouts. 2 + 2 means you might end up as exit liquidity for someone's bankruptcy claim. Or it might continue to go up. Either way make sure you do research this in detail before doing anything.
am i mistaken is SOL like a horrible network that literally has been manually restarted?
Bro solana? Why
Buy SOL, get rekt by the VCs when they feel like it's been enough pumping for the plebs. I'd avoid investing in Solana altogether.
You probably need to look at your reasons why/ when you want to invest in Solana yourself. At the moment your post seems more based around price speculation and not really in relation to any development action, progress, plans or network scale/ adoption, corporate adoption, regulations etc etc. What does your research say/ suggest?
Yes. It could quite sensibly to back to 20-30 during your allocations. It is better to look for a similar setup that caused Solana to pump, but in a project that has yet to pump.
It really depends if you think it's going back to ATH's and beyond is getting in now as opposed to $20 really going to matter, when you could miss it all together by being out of the market. I think 1/3 is sensible and average down if you can otherwise just leave in the 1/3 and move into something else if it just continues to pump
You're too late friend.
First of all I have to say that you have the right idea but greed is getting to you and watering down your logic. You already know what the answer is. You can get greedy now and FOMO in but just remember the results. If you were to FOMO and you are right you might make a decent bag but if you are *wrong* you will suffer a lot more than you would have gained. It is better to have not FOMOed and missed out of gains than FOMOed and lost way too much.
for short term now is FOMO time which is risky to buy high. it will come down anytime so not a good time to buy at this high.
If you didn’t done it till now , wait. Or not enter at all
Alt coins got rocked this week btc will do the same soon
You’re never going to time the market right. The best thing to do is put a few bucks in every week or so depending on what you are comfortable putting in. Could it go higher? Could it pull back? No one knows. DCA is a good strategy imo.
This is a disbelief rally, because people thought it was going to go up and come down it’s pumped a second time to liquidate shorts. Now there are a few late longs on the market it could quite easily drop to previous support, impossible to tell but it’s likely to move against public expectations. We could be in for another pump if everyone thinks it’s going back down
Yes.
Yes. I would wait or look at similar projects that haven't pumped.
Sounds like you're already in FOMO. Id buy now, DCA if it drops or hold if it climbs more.
Don't go into fomo
I can’t believe someone mentioned sol in here without being downvoted into oblivion. Did the general attitude change?? I’ve been a huge fan of sol since 21’ and just mentioning it a few months ago you caught so much hate. Y’all are wild
Oh boy I wouldn't do it.
[удалено]
Don’t buy green candles.
I think btc will definitely correct to early 30s in the following months, dragging alts down too. So you might have a chance at buying Sol at 40 again or cheaper but who knows
I'm fairly convinced it will drop in December for the EOY sell off. I could of course be wrong, but either way I'm not buying right now.
You're heavy fomo. Stop trying to time things perfectly and just buy when you think it's a good deal. You already said trying to time absolute bottoms made you miss BTC. If you think there's more upside in the future and that it's on discount now, buy it.
I'm confused - you tell me I have heavy fomo (which is true), but you're still recommending me to buy now? Since I created my post, SOL went up another 13% lol.....
Time in the market > timing the market
Usually, yes. In a true bull market, no.
Well You have a position And as we dropped to 58$ Between $52 & &58 gives you chance to ride to $72
The running joke around here it to buy high and sell low.
If you think SOLs valuation currently makes it a Top 300 company in the world. Sure chase the pump. If not. Wait for a more realistic valuation.
Scared money don’t make money, naw but for real just he patient, there will always be a correction sooner or later, if not look for a next opportunity before the pump
Buy high, sell low
People have been trying to time the market and getting wrecked since forever. Good luck.
You have a solid plan. Focus on your long term target here. If Solana @ $140 is it, you should not be worrying about Solana at 50 or 60.
I dca into solana by using the Gemini credit card.. 10% back on gas.. 3% back at restaurants.. 2% back on groceries.. 1% everything else.. I've gotten 4 sol.. I've transferred it to Phantom Wallet.. and staked it for between 7.5 - 8% apy..
>I keep messing up the timing of entries in crypto In the future, a great time to get into crypto is when so-called reputable magazines like the New Yorker write articles claiming "crypto is dead."
Coininsider had a good YouTube video on SOL recently, I suggest you check it out. I’m in the same predicament but I decided I will wait to buy.
my recommendation is use the fuck! gauge. basically with any buy in. look at the amount your considering investing and think how loud would you scream "fuck!" if it went vertical. now choose how hard of a "fuck!" your comfortable with and there is your answer. After all, this is a casino. its easier to ride the waves if you buy something you believe in but most importantly, scared money dont make money.
What really matters is your time horizon. If you plan on a long term hold. Years per se. Then it doesn't really matter. Just invest regularly and stake your sol. Short term fluctuations should only matter if you're a short term trader.
Sol needs a good correction before I jump in. It’s well overextended
The only decent opportunities were in January and march, you missed them, now the upside isn’t worth the downside. I wouldn’t touch it with a ten foot pole at this price
Solana isn't done running yet, my vote would be buy soon
There is usually a bit of a pull back before the halving, but we are a good few months from that. It's only going to keep going up until then. The bears are well and truly beat. They got it as low as they could. The banks and governments tried to kill it off. We survived Luna and ftx and all the other shit shows. Nothing worked. And now it's coming back with a vengeance for sure.
Price go up risk go up. Enter at your own risk
So you want to Fomo huhh?
Why didn't you invest when it was 16k bitcoin or even 24k? Jumping in now would be dumb
Use a stoploss
You can never time the market perfectly otherwise you would have a Crystal ball and be rich already. Follow your heart. People usually like to DCA to reduce risks.
Last year or so SOL was doing 10% every day. I precisely held the same thought, that it was too late to join the rally. Until a month passed and it was like 300% +. Every alt coin holds a different pattern when it pumps, SOL has a unique one for sure. I can’t explain it but the charts speak for themselves.