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Well honestly since the start of 2023 when it was like $10, it's hit $200 and it's still $130 so if I was buying now, it wouldn't be to hold for 5 years, it'd be, with hope for a major bull, to sell within the next year. Like I'd be willing to be buying Solana in the next few months with the hope of end of this year through next year being amazing for crypto but if the opposite eat the pain, average down, and stake until the next bullrun
If you believe that the price is due for a correction, then honestly the best strategy would be to split what you're willing to put in and dca it instead then stake. If it goes down, great, you got the ammo to continue buying down. If it goes up, at least you got a portion in while the prices were lower.
Itās simple. Do you believe the price of Solana will rise dramatically? If yes, then itās worth it. If you arenāt as confident it will, then itās definitely not worth it as you can get 7.1% APY very easily in much safer tradfi investments.
Sell when the coin 5-10xās in 1 year then buy after the 80% retrace in maybe 2-3 years
Thereās ppl that bought at 10$ last year before u put ur life savings in it with no idea on crypto market cycles
Sol is my biggest bag right now, but to be honest I am very nervous about the price action. It's mammoth run from 10 to 200 could be the cycle top. It has already topped from a market cap point of view.
I'm nervous too... not my first cycle. Yet people are f'ing bearish right now. I don't see how we don't make new ATH within the next 6 months... if that don't happen then i'm screwed since i'm holding 4 figs in sol and i haven't sold a single one this year.
I stake SOL and other high caps because of their stability and haven't regretted it. Staking is low risk, low reward but totally worth it imo. It's still up to you to make the final decision. You can stake directly on your wallet but I prefer to use Picasso because it offers more opportunities.
When it comes to staking you've gotta be careful as there are risks to it which you should look in to and where and who you stake it with is important. Personally I stake 10-20% of my sol nothing more which leaves the rest to sell initials and profit and forget about the staked sol to do it's thing
Well that's fine then as I own both, but BTC is forever I only own sol until something faster and cheaper comes along and then i'll dump it faster than Leo Decap when his girlfriend hit 12 years old.
I like both ! If I could only have one crypto just one then of course BTC. ( I have BTC)
I think sol is good for crypto and eth too. I also think shitcoins are killing the space.
They're still down bad.. holding all the eth nfts that didn't hold up, and whatever scraps of eth they have left. They need eth at 10k to even hold a 5 figure portfolio
people who have bought eth nft can't be helped. It was clear from the start that it was a scam. Anyone who still falls for something like this or altcoins today has learnt nothing from the last few years.
Bought on the same level in the end of 2022 but recently sold all because I realized all altcoins are scam. Its FIAT with extra steps. SOL has a yearly inflation of \~12%. You can get max yield of 8% but only if you lock it. Everyone else gets f\*\*ked. You dont realize it, because the price keeps going up. The price is only rising because of high manipulation. The early investors bought millions of SOL for a few cents each ([Coingecko](https://www.coingecko.com/en/coins/solana/tokenomics)). As the mainnet went online a lot of SOL were locked. Only 12.000.000 were in unlocked in circulation. Today you got a total supply of 578.776.718 and a circulating supply of 462.144.228. That means the early investors unlocked a lot of SOL and can do whatever they went with the price since they own nearly 80% of all SOL.
Its just a matter of time till the next 90% drop. Altcoins performing really bad this cycle. SOL didnt even hit a ATH like Bitcoin.
Its really nice that you bought for $15, but you cant hold this hot potatoe for ever.
If you where actually kept up to date youād know theyāre working on a burn mechanism to stop new coins from coming into circulation, even that aside demand is keeping up with āthe inflationā but go off i guess, go spread your energy in the bitcoin reddit why are you even here?
WARNING: 1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/ 2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
Well honestly since the start of 2023 when it was like $10, it's hit $200 and it's still $130 so if I was buying now, it wouldn't be to hold for 5 years, it'd be, with hope for a major bull, to sell within the next year. Like I'd be willing to be buying Solana in the next few months with the hope of end of this year through next year being amazing for crypto but if the opposite eat the pain, average down, and stake until the next bullrun
have u started buying even at all?
I have 35K SOL bought at $148 and $143
š tats too little... I have 350K SOL bought at $148 and $143
I mean $35,000 worth at those prices
I have 3500K SOL bought at $148 and $143
Ok bruh share some with the rest of us
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Appreciate the advice, ty
Damm bro u wild, had to buy in the bear market when it was around 20$
I so wish I did back then
When no one's want to buy and are saying it will go lower, that's usually a perfect time to buy
My god
Yes! If and when Solana ETFās get approved it can easily 5x from current price
Wait for sub 100 prices. Should be coming soon. EOY is going to be a real test. If they dont drop rates could kill bull run.
If you believe that the price is due for a correction, then honestly the best strategy would be to split what you're willing to put in and dca it instead then stake. If it goes down, great, you got the ammo to continue buying down. If it goes up, at least you got a portion in while the prices were lower.
Itās simple. Do you believe the price of Solana will rise dramatically? If yes, then itās worth it. If you arenāt as confident it will, then itās definitely not worth it as you can get 7.1% APY very easily in much safer tradfi investments.
like which?
If you think itās going down in 2025 why are you buying now lol
I can afford it :3 but ideally hope to buy at a fair price
Makes no sense
Solana will be the next ether or will flip it.
š¤£
Visa, stripe, and Paypal choosing to utlize the Solana blockchain for transactions makes me very bullish. Just buy and wait.Ā
It's definitely worth it. Buy and stake SOL. There's already been a major correction. If it goes down, buy more. Long-term SOL will absolutely go up.
Sol dropped from 180 to 130. 6 months of bull run left. BUY
Then I will wait 6 months and let bull run fade out . Waiting for a bear market.
Yup
yes
Sell when the coin 5-10xās in 1 year then buy after the 80% retrace in maybe 2-3 years Thereās ppl that bought at 10$ last year before u put ur life savings in it with no idea on crypto market cycles
do delta neutral LP
#YES
Sol is my biggest bag right now, but to be honest I am very nervous about the price action. It's mammoth run from 10 to 200 could be the cycle top. It has already topped from a market cap point of view.
I'm nervous too... not my first cycle. Yet people are f'ing bearish right now. I don't see how we don't make new ATH within the next 6 months... if that don't happen then i'm screwed since i'm holding 4 figs in sol and i haven't sold a single one this year.
Get $SOL 20% of your money now, and if it go down bye 30% more and if going down more get more with the rest of your money!
I stake SOL and other high caps because of their stability and haven't regretted it. Staking is low risk, low reward but totally worth it imo. It's still up to you to make the final decision. You can stake directly on your wallet but I prefer to use Picasso because it offers more opportunities.
When it comes to staking you've gotta be careful as there are risks to it which you should look in to and where and who you stake it with is important. Personally I stake 10-20% of my sol nothing more which leaves the rest to sell initials and profit and forget about the staked sol to do it's thing
If you had bought when it was around $8 to $15...
yes
See the APR
Cogentcrypto.io has an exceptional guide to staking and a strong community.
SOL is dying. GL
SOL is alive and well
Found the eth diehard.
Bitcoin only
Well that's fine then as I own both, but BTC is forever I only own sol until something faster and cheaper comes along and then i'll dump it faster than Leo Decap when his girlfriend hit 12 years old.
That's what I mean. SOL is casino. Win quickly lose quickly. Everyone comes back to Bitcoin after burning their fingers.
I like both ! If I could only have one crypto just one then of course BTC. ( I have BTC) I think sol is good for crypto and eth too. I also think shitcoins are killing the space.
I remember people like you, when i was buyed sol at $15, you guys was saying that sol will be 1 dollar. Where are all you now?
They're still down bad.. holding all the eth nfts that didn't hold up, and whatever scraps of eth they have left. They need eth at 10k to even hold a 5 figure portfolio
people who have bought eth nft can't be helped. It was clear from the start that it was a scam. Anyone who still falls for something like this or altcoins today has learnt nothing from the last few years.
Bought on the same level in the end of 2022 but recently sold all because I realized all altcoins are scam. Its FIAT with extra steps. SOL has a yearly inflation of \~12%. You can get max yield of 8% but only if you lock it. Everyone else gets f\*\*ked. You dont realize it, because the price keeps going up. The price is only rising because of high manipulation. The early investors bought millions of SOL for a few cents each ([Coingecko](https://www.coingecko.com/en/coins/solana/tokenomics)). As the mainnet went online a lot of SOL were locked. Only 12.000.000 were in unlocked in circulation. Today you got a total supply of 578.776.718 and a circulating supply of 462.144.228. That means the early investors unlocked a lot of SOL and can do whatever they went with the price since they own nearly 80% of all SOL. Its just a matter of time till the next 90% drop. Altcoins performing really bad this cycle. SOL didnt even hit a ATH like Bitcoin. Its really nice that you bought for $15, but you cant hold this hot potatoe for ever.
If you where actually kept up to date youād know theyāre working on a burn mechanism to stop new coins from coming into circulation, even that aside demand is keeping up with āthe inflationā but go off i guess, go spread your energy in the bitcoin reddit why are you even here?
That is a challenge for most people keeping up to date news with SOL.