Post
Topic
Board Altcoin Discussion
Re: Should I save or trade my SOL?
by
albon
on 12/11/2024, 22:54:51 UTC
I think this is kind of a hard question for us here to answer. When you invest the money, you are the one that makes the decision for yourself, so it will be hard for anybody here to tell you to trade or do anything here. I think this is a matter of choice; this is something you should decide for yourself; furthermore. It will depend on how knowledgeable you are about it, but I feel like holding will be better than trading. It is good to hold Solana. Since we have seen it grow to some extent now and is still moving gradually.
Even holding the token in the long term depends on the person's belief in the future of the currency and its efficiency in line with his vision. Indeed, any decision made in this field should be based on personal research, experience, knowledge, and the ability to bear risks. Futures trading is high-risk and could result in losing all of his funds. Even staking, despite the profits that can be achieved, does not prevent the token from experiencing volatility during the lock-up period. Also, the platform used for staking must be evaluated for its credibility. Spot trading requires experience in technical analysis and similar skills.

For someone wishing to sell the coin after making suitable profits, the decision to sell is ultimately theirs, whether to withdraw part of the profits or completely exit the position and invest in another coin. Without a doubt, Solana is a promising coin, and it’s likely to play an important role in the altcoin season.