Post
Topic
Board Speculation (Altcoins)
Re: Im going to buy solana at 80$
by
traderethereum
on 23/09/2021, 03:34:14 UTC
for an asset like solona, I don't think buying incrementally is a bad thing.
don't go all-in at one price, say at $100. the possibility of a deeper decline could occur if the support of bitcoin in the market continues to weaken due to the correction.
SOL is a long-term asset today. buy it at the current price is also not bad. the potential is also good for the long term. no matter which dump will be much deeper.
The next possible dump could touch below $40k and will affect the prices of other altcoins, buy now or wait for the SOL price to lower is a personal decision, SOL is a potential coin with an uptrend still high it's just that the current market support has not temporarily stopped the gains higher SOL.
If the bitcoin price goes to below $40k, SOL can go to below $40, which will be a big dump for SOL.
But if the bitcoin price stays above $40k and trying to lift the price, SOL will follow bitcoin and as we see now, SOL is at $148 so SOL has a chance to back to $150 soon.
If you want to buy SOL, just be careful as the price is on the uptrend so there is still have a chance to get another correction.
Buying in a small portion will be better to know where the price will be.