Post
Topic
Board Altcoin Discussion
Re: Should I save or trade my SOL?
by
Huppercase
on 27/10/2024, 17:58:34 UTC
What do you guys think, if I have perhaps 100 $SOL which do you think is better Staking it for 2 to 3 days with a 10% APR or actually trading the SOL myself for that same time period. Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

If you are holding it, I will like to know at what price you bought it and if you trading it for profit and buying lower I will like to know how expert you are in trading. If you bought the 100 sol at lower price probably last year, then I will advice you to hold it and stake it in a reputable platform because of possible hacks and there that do happen in protocols but I want you to know that 10% APR is nothing big, you will only be getting 1.xx sol after a year of staking, now imagine what you will get after 4 days of staking.

If you are a good trader, the market is very friendly recently due to upcoming US election and since there has been some areas of early early voting, people are now bullish than ever, Bitcoin is doing up and down but more likely to go up than we might see and so are the altcoins. Solana is one the most traded coins among alts, it's a good ace to start making more money so you can accumulate more sol.