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Showing 11 of 11 results by billyd7
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Board Altcoin Discussion
Re: Layer 1s. Why does anyone invest in any other than Solona?
by
billyd7
on 10/12/2023, 10:17:58 UTC
How are your other layer 1s comparing guys
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Topic
Board Altcoin Discussion
Re: Layer 1s. Why does anyone invest in any other than Solona?
by
billyd7
on 03/11/2023, 15:06:55 UTC
Not a Solona maxi at all. Im a maxi in making as much money as possible. Bitcoin and Eth were my biggest investments (although my Solona bag has taken over with the recent surge).

I brought most my bag between November 22 and March 23 and so far I am close to tripling my money and we are very early in the bull market.



If I feel there is a better investment I will ditch Solona in an instant. You can point out all the flaws you want (yes it has some like any) but in my eyes it is absolutely superior to other potential eth killers based on the data.


I asked a simple question in this thread and not a single person has given me an argument for a different layer 1. Its my opinion that layer 1s and AI cryptos will be the major narrative for this bull run hence the question on alternative layer ones.
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Topic
Board Altcoin Discussion
Re: Layer 1s. Why does anyone invest in any other than Solona?
by
billyd7
on 31/10/2023, 21:46:36 UTC
Genuine question as per the title.

Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).

Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.


Really want to know what L1s do people go for over Solona as it makes no sense to me.

Are you kidding me?  That question maybe asked by the aptos. These are the reasons to remove solona from my portfolio.

Eg:
1. Solona network is too much centralized
2. Solona and almeida foundation connection
3. No major updates recently

Just LOL at all 3 of those.
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Topic
Board Altcoin Discussion
Re: Layer 1s. Why does anyone invest in any other than Solona?
by
billyd7
on 31/10/2023, 21:39:10 UTC
Over 60% up since I posted this thread.

Seems like a good time to bump. Anyone actually going to suggest a better layer 1 to invest in?
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Topic
Board Altcoin Discussion
Re: Which old coin do you prefer? Litecoin or Dogecoin?
by
billyd7
on 23/10/2023, 18:09:40 UTC
Wouldnt touch either with a barge poll. Much rather Solana.
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Topic
Board Altcoin Discussion
Re: Opinion on Cardano
by
billyd7
on 20/10/2023, 15:12:07 UTC
Its like Solona only no where near as good.
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Topic
Board Altcoin Discussion
Re: Layer 1s. Why does anyone invest in any other than Solona?
by
billyd7
on 05/10/2023, 05:59:09 UTC
[....]
Bro, I can write like this whole night but, I believe there is many better projects, this one is fishy, smells like fish. You know that... if it looks like a duck...
Hehe. Waiting for him to make counter arguments or at least explain to us why Solana is so far ahead of everything as he claims in the OP. It's probably the one with the biggest marketing team I give them that. Who knows if OP is one of them boys trying to shill so he could dump his heavy SOL bag.

Not at all. My biggest bag is Bitcoin, followed by Eth and then Solona.

I have responded to many arguments put forward (I dont need to respond to everyone - especially those who feel the need to advertise dodgy crpyto casinos nobody has heard of or uses). I can prove some of the claims against Solona are absolute nonsense. The only one that is of any note is the centralisation one.

I haven't see one single L1 put forward as an alternative yet....
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Topic
Board Altcoin Discussion
Re: Layer 1s. Why does anyone invest in any other than Solona?
by
billyd7
on 04/10/2023, 15:38:31 UTC
there is no real development compared to the L2 projects on Ethereum, which have become faster and cheaper POS and its reliance on a decentralized network. All of these are reasons that make token developers use different blockchains, and therefore Solona disappears with time.

This is all plainly untrue.

They arent faster or cheaper.  And certainly doesn't have more developers....

Post
Topic
Board Altcoin Discussion
Re: Layer 1s. Why does anyone invest in any other than Solona?
by
billyd7
on 03/10/2023, 17:11:43 UTC
1. Solana have a history of long slowdowns an crashes which makes it technically unreliable.
2. There is a lot of competitors within DeFi sphere that perform better.
3. The huge amount of coins comparing to Solana total supply was in FTX portfolio and it is possible that these coins gonna be sold on spot in order to provide compensation for FTX users.
4. Solana got shitty tokenomics. A large amount of supply was initially concentrated among a small number of users. They can easily dump the price because they bought it cheaper than it was sold on a public sale.

To be honest, it does not seem to be a safe and reliable investment.

Are you on about the same Solona as me?

1. Must be 2 years since the last one? and been massively upgraded since then.
2. Is there? what does that amount of transactions and so cheaply?
3. Wont make an ounce a  difference and next one is 2025
4. It hasnt at all.
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Topic
Board Altcoin Discussion
Topic OP
Layer 1s. Why does anyone invest in any other than Solona?
by
billyd7
on 03/10/2023, 12:35:46 UTC
Genuine question as per the title.

Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).

Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.

Post
Topic
Board Altcoin Discussion
Re: 5 mistakes to avoid when investing in Crypto
by
billyd7
on 16/02/2021, 08:54:21 UTC
As a new investor in altcoins I found this thread very useful.

In Jan I invested around 1k in 5 coins. So.far they are seem to be doing well and i am decent amount up


The only question I have is about storage and saftey. I use Coinbase. Is that safe? Do I need to use extra security? Is coinbase reliable?

Thanks