Post
Topic
Board Altcoin Discussion
Re: SHOULD I GO AHEAD TO BUY AND HOLD SOLANA?
by
Yatsan
on 16/11/2022, 15:36:09 UTC
Guys what's your opinion about SOL? Is it a good buy or heading in the same direction as LUNA
Why do you want to buy Solana? For short-term speculation or for investment?
There is a risk of price reduction to 2-5 dollars and the price may increase by 2-3 times. With such risks, it is like gambling.
There are Cosmos, Polkadot and other coins that look more attractive for long-term investments.
For short term investment, it could still kick especially once we are on green marks. But the only problem is knowing when to enter, but for now, SOL will be more doubted by many people as a long term asset; much better if you'd go for main tokens of this industry. However, if Op is into short term investments, there are indeed better options as EGLD, GRT and such or basically altcoins which has somehow of a good reputation especially at this moment wherein what happened is still fresh and people still are buying it. Initiate an anjustment with your plans on this one. But if you are really that eager and you trust Solana that much, you're free to do so. SOL was indeed a good token.