Quote from: Lukmanfirdaus1 on February 13, 2024, 03:44:38 PM

Quote from: kentrolla on December 20, 2023, 07:49:06 PM

Solana has been in rally for a while as lot of speculations and news around it and new tokens on it's ecosystem has been credited for it's rally, shall we consider this as beginning and is it a good time to take entry? Someone new to crypto would say "Yes" but those who has been here for a while would be hesitant because we have seen SOL rising from $15 to $259 and then witnessed the downfall as well to less than $8.

I don't know the truth, but in my small community, I often say that Solana's price collapsed yesterday because of the FTX case which sold too much Solana, resulting in panic selling among investors. but what I admire about Solana is its fanatical community, in my country I see many people who worship the Solana network, if someone opposes them they will put up their bodies to defend their arguments. incredibly solid.

It must be the FTX dump combined with Bitcoin dump which is also making the impact is just getting even bigger to the whole of crypto market. It is crashing the price of solana, but I see it as an opportunity offered by the dump of solana since this coin is getting big again, similar to when EZ eth depegs with the price of ethereum which was really painful for a lot of people. Panic selling is an opportunity for you to obtain solana at a very low cost and take profit once it was going up again. Bitcoin, like solana, is declining by a few percent and im not seeing it as a problem.

It causes the majority of cryptocurrency to perform poorly, as Bitcoin does. Solana suffers as a result of the dump consuming so much market liquidity. If you were a trader, you would have a great opportunity to buy more and then take profits later.
We've had a lot of major dumps, and I don't think it will have a significant impact on the token's performance; it will bump again later. The small dump is only temporary right now.
You shall not feel concerned about it. When market dumps then buy it

Quote from: Lukmanfirdaus1 on February 13, 2024, 03:44:38 PM

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I personally feel little bit confused because somewhere I feel if I enter now then I will be doing it in FOMO. Please share your opinion whether we can still take entry or should we wait if there would be any possible market correction and this is not for long term investment.

I think Solana has a good future, the network is okay, transaction fees are cheap, the community is solid, the fundamentals are okay, everything is okay. but do your own research. to convince you.

Enter when the market turned into the red candle. That's how the basic trade is working. If you are worrying about getting fomo then you can wait it forever by expecting the price of solana will come back again to the two digits. Think about that my friend.
The correction is happening right now. Things may be very different in the upcoming bulrun.