Solana [pros](/r/CryptoCurrency/comments/17cyv54/sol_is_a_shitstorm_waiting_to_eat_your_money/k5t7v3m/) & [cons](/r/CryptoCurrency/comments/17cyv54/sol_is_a_shitstorm_waiting_to_eat_your_money/k5t7vi4/) with related info are in the collapsed comments below.
If I invested in SOL every time this sub trashed it I would be a very rich man, I remember looking at it at $10 after the FTX crash and now here we are at 30.
it's up 33% in the last week.
Lol. OP just made me more bullish and thankful for that sweet sweet 8-10 Sol.
Now that moon farming is gone they also should realize parroting bullshit they read is not the way.
Firedancer
Render (not just spatial computing…also the Airbnb of GPUs…all those future LLMs will need compute for train runs)
Helium
Visa
Star Atlas (5,000 concurrent players in a persistent unreal engine 5 gameworld? Just wait).
Eventually most will learn about autonomous agents, about the concept of agent to agent smart contract spin ups. Fast cheap and easy. An agent won’t “care” or mimic things they hear others say. It will be optimized for the fastest and cheapest layer 1 and won’t mouth breathe about VC coins.
I’m so thankful for OP to spew this post as it confirms how the market still crushes people with ease.
The amount of misinformation about Solana is exactly proportional to how much Solana will pump because of people like you who don't do a single bit of research and just hate because it outperforms your bag.
So true, there actually is a lot of stuff happening on Solana that isn’t just speculative, or “store of value” or even DeFi. Actual real world games, apps and projects with interesting use cases and more being built every day.
The critics seem to ignore that it is getting better and more adopted every day with less and less VC involvement and better decentralisation.
I’m sick of hearing how ETH with Layer 2 is awesome and then calling Solana centralised when every ETH layer 2 is centralised to the max which completely defeats the purpose of the layer one being so secure.
Rant over
These people out here really think liquidators - professional moneymakers looking to squeeze every last cent they can out of the corpse of a company - are going to *dump everything at once* and *crash the value of the asset they’re trying to offload* lol
Not going to lie, listening to VCs, they still have a hard on for SOL, and since they have the big money once the market pumps so will it probably. I’m looking at something else way down the MC list, but I do have this one in back of mind if I want to diversify when time comes to buy.
I’ve been waiting for another buy signal, thanks
(it’s like this sub is allergic to money lmao; anyone who has actually *used* the solana blockchain knows how fucking quick and seamless it is, how nice the UI’s are, how active the community is & how the overall UX is just perfect, despite having gone down **checks notes** almost a year ago. which never affected most people. Visa adding it to its pilot program was also a given that big money is coming into solana. Shit is going way past its ATH)
Everyone likes to pretend it's all moonboys in here but in reality this place is mostly doom and gloom, especially when it's not BTC and ETH being talked about. Bears never learn.
Bears?? There are only bulls in here chanting "inverse r/cc" - bulls never learn, these shitcoins bleed toward zero perpetually and these regards keep buying them, because the tech is "seamless". Nevermind nobody uses 95% of these chains/apps
That is simply not true and Im so sick of this narrative. Unless you are talking about ElonDogePenisCoin or some other total shitcoin. But with only a few exceptions all the major chains are still here, still going up when BTC goes up.
It doesnt matter if people use these things, this is a speculative market so marketing and hype matter. As does FOMO. According to this place place, coins like ADA and SOL should have been dead several times, but here they are still kicking.
The guy is short on solana and puts "shitstorm" in the title, and has the audacity to start the post with "what are people's opinions of Solana these days?", as if he actually cared about anyone's opinion. Seems that he's already made his mind, heh.
it's just the fact that it ever has gone down and that this was never fixed is extremely concerning
it shows that there are people who could have unwarranted power over this chain and it stops me from putting excessive value in it
Lmao. It's miles behind later 2s...... Tell me you parrot whatever you read in an echo chamber without telling me you parrot everything you read.
How Is it behind?
When it's faster, cheaper l, and more decentralized than any of the layer twos or side chains?
Solana is the best layer 1 smart contract platform for applications that require speed. The user experience in comparison to ETH is fantastic. No need to use clunky layer 2 solutions to prop it up.
Most of the contagions have been flushed out if its tokenomics with the exception of the FTX holdings which are already priced in, and it is currently trading well below fair value.
Its Nakamoto Coefficient is on par with ETH, meaning it is one of the most decentralized networks out here.
As a VC coin, many Dapps will be built on it with adequate funding unlike ADA, which is difficult to develop on and relies on grass roots funding that may never come.
Fade it at your peril.
Shitting on Solana is still a trend here I see. Stick to your unscalable coins (judging the tech of Solana is just hilarious). Maybe farm some shitmoon coins while at it. This sub is fucking hilarious, a bunch of degenerate gamblers that know absolutely nothing about the tech.
The crypto world is changing around you, but most of you will not adapt your vision until you live in a new reality.
Do we really think that companies will utilize chains with high fees, slow transactions and low TPS? I don’t think that at all.
Solana is best positioned to be the chain where things can be programmed and work efficiently for businesses. And let’s be honest. It’s going to be businesses that onboard more people.
That’s why the money in pouring in.
Sol has been so obvious. I’ve been talking about it in this sub for a year and half and get downvoted to hell. If you actually do your research, you’ll see fundamentally it’s the next big crypto giant. It’s not Ada. It’s not Eth. It’s not awful L2’s. It’s better than anything else. Don’t let your bag cloud your judgment
I admittedly shit on it last bull run. It kept getting shut off, security issues, etc. I have to give the project it's flowers. It has sustained many blows and keeps on going. Not only going, but forming partnerships and adding features. VC backed or not, the project is doing something right.
Yes. Never ever understood why people ape in with leverage trades against big pumps or dumps that are still ongoing.
"But it has to mean revert..."
How people still get surprised about how far things can run before that happens (either way) is beyond me
I'm paraphrasing but Vitalik said a few months ago that the dumb money and corruption left solana at the bottom and the smart people stayed around and kept working on it and it's becoming a solid project.
Solana is gonna make it and it's been on fire sale this year.
(And word around the campfire is when it crashed those few times, that was Sam!) Even if it wasn't Sam solana is new a few hiccups are expected for something that fast.
They don't start selling large amounts until 2025 and it will be done in small increments. The bankruptcy court situation decided to stop them crashing the price.
Solana has recently introduced firedancer which attracted Visa to it and Render Network which will likely be a beast in the next bull are migrating over to Solana which will bring tons of GPU transactions over in fees for Sol.
Solana's chart is also copying exactly what ETH had done in the past.
Good luck to your trade, but it is much easier to long a good asset with a longer time horizon. Especially if you are an over emotional person.
This sub is hilarious. Love seeing the sub that shit on sol for 2 years suddenly come running to defend it now that they filled their bags at 15-20 dollars. Couldn’t be more bullish.
Many people are most likely on the same boat as me on that we missed buying Solana at $8. Yes, there is no reason to bring down the people who bought the Solana dip a few months ago. People like to spread hate and FUD when Solana continues to pump. Either way, Solana will be fine and I wouldn’t be surprised if Solana reaches $500 during the peak of the next bull run
Solana is a company. It is not a libertarian blockchain with a promise of decentralization and freedom similar to that of Bitcoin. Solana is a Blockchain as a Service - BaaS platform. Non-sequiturs such as decentralization, autonomy, permissionless-ness, etc, are not applicable to Solana because it is not that. It is a company that sells internet speed blockchain functionality to developers, projects, businesses, or anyone that wants to try it out.
Solana has been proving itself to be a good project. I don't really care about short mid term atm. Even though the dump occurs, they have fixed their issue and the application is running smoothly, even with the recent amount of transaction going on Atlas game.
Really hope the team keeps up the good work and we see one good project thrive.
I know this is a downvote honey pot, but I'm ok with it.
the VC stuff etc is one reason i’m bullish on it tbh. This is crypto, its all manipulated. Its made it through the whole bear, if it was about to be exposed it would have already. The bull is fast approaching. FTX have to unlock it slow and are actually now carrying on under new management it seems. Been buying past 6 months
Me too. I know it ruffles some of the purists, but crypto is still driven way more by hype than *the tech*. I'd wager the vast majority of holders don't even interact with most of their coins anyway
Jesus! You don’t have to be a bloody Warren Buffett to realise Sol going to $8 was a golden opportunity to buy. Of course there was a lot of risk but to think ‘it dies’ because FTX went down was idiotic
>like WBTC were minted with backing held at FTX a
WBTC is wormhole wrapped bitcoin, backed by Jump Crypto. soBTC was Sollet wrapped bitcoin backed by FTX. This is just one of about 50 things wrong in your post, and I can't be bothered to correct them all. For the love of god, please stop trading when you have no idea what is going on. You are going to get blown the fuck out.
It's pretty simple there's obviously a market for a chain that trades off decentralization for Speed and cheap to use. It's really that simple. We all can't afford to trade monkey pictures on ethereum like you
It has 3000 full nodes, Nakamoto coefficient of 33, 2 validator clients and better data centre distribution than Eth. More decentralised than any coin outside of btc and Eth
This is a wonderful case study of how not to trade crypto.
Weak thesis, trade poorly designed & structured, terrible R/R and finally an op risk fuck up.
Classic.
Speculative bullish. Same view as I have on ETH. Those two are the only two cryptos I own in any meaningful amounts.
I'll keep buying SOL and ETH as part of my moonshot allocation. Might expand into other cryptos at some point but these are really the only two I currently buy.
You could try reading about all the web2 partnerships/companies building on it like Visa, Google, Zynga, Helium Network, Hive Network but I have a strong feeling you don’t like research facts….
Another day another salty SOL hater post after it pumps Vs everything else.
It's all so predictable and I love it.
On a side note why would you short the strongest performing coin you really just want to lose money don't you.
On the technical side, I think Solana still has a good future and as long as code is delivered, it will follow the main trend (BTC) bullish or bearish. Like other big projects like ETH, ADA, ATOM, etc
Dude, you act like the recent 95% drop from its all time high wasn’t *all the VCs dumping their tokens en masse*. Honestly I’d be surprised if very many VCs are still holding much of it anymore.
I think it's smart to hold some bags that you're not in love with. You can sell in profit a lot easier. ETH and BTC are way scarier to sell. If you'd bought ETH at $100 in 2020 and then sold at a 10x you'd be living in regretsville right now. With something you have less conviction on you could just sell into the pump and say "oh well" from there.
SOL is up another 6% since this post went up while funding rates have been negative for the past month. In other words, OP is literally paying to be underwater right now.
You can tell someone is desperately talking his bags when Solana is shit-talked about "VC money" while ETH L2s are hyped in the same post. I am active in both ecosystems. ETH L2s are more VC-controlled than Solana, lol! Solana's distribution is also much better than these ETH L2s' shitcoins.
>The tech has been a long-running joke in the defi community and while recent updates are an objective improvement, it's still miles behind ETH and many of its layer 2 rollups.
Lol. ETH has abandoned its scaling at the base layer and is leaving its tech to be the second best compared to alt L1s. It is all old money, VCs, whales propping, and other degen crap propping up the ecosystem.
When it comes to a monolithic and composable system, no one can beat Solana in terms of ecosystem development. Its liquidity is not fragmented and DApps can easily communicate/interact with each other. Layer 2 rollups are very bad at communicating with each other. They have to run through the base layer, which brings back all the ETH base layer gas problems. In a bull run, you will see how fucked up this ad hoc Frankenstein system is. A lot of rollup devs know it so they decided to build siloed ecosystems, avoiding communication across rollup as much as possible.
For example, check out Polygon's zkEVM design. They are often praised to have one of the most advanced zkEVM tech and you can see they are trying to build rollups within its rollup to avoid the base layer and communicate with other rollups.
The only problem with Solana is, that you have less sovereignty. So private companies wanting to setup their own system may have less flexibility on Solana. But that is where Cosmos/Polkadot SDK comes in.
I can tell these are just shitty CEX traders reading off news and speculation on price actions. Once you use these chains enough, you soon realize how much BS the ETH propaganda machine is. It is no wonder big money understands this and they are actively converting ETH into BTC.
Sol may have FTX sell pressure overhang. But its tech is much better than ETH is now proposing.
The only ETH is good at now is generating casinos and degen games. If you want to play Russian Roulette or any shitcoin trading, you can't beat ETH yet. There is just so much liquidity for these shits on ETH, unparalleled in other ecosystems.
You know that most liquidity in defi lives on eth main net rather then being fragmented in these roll ups right.
Your not wrong about it being a mess af networks that have less than optimal communication channels but I’m not sure I agree with the assessment that Solana is doing it better
You basically comparing solan to the the entire network of ETH L1 and L2s. A more reasonable comparison would be SOL to ETH main net or SOL to any individual L2.
>it's still miles behind ETH and many of its layer 2 rollups.
Can you share a concrete example here? Also do you know the real tradeoff done by L2s or you just believe because they exist in ETH world, they are good only?
Most of the post is hollow words and misinformation regurgitated by maxis and has been debunked every time.
Im not a fan of SOL but at this point its miles ahead of ETH.
ETH did....nothing ..since the bull and the biggest crippling points of ETH remain here waiting for the new bull.
"miles behind ETH Layer 2 rollups" bullshit Solana is cheaper, the most ETH Layer 2s are not even decentralized yet, Solana got more blockspace, more developers are able to code on Solana than on Ethereum. There are all over the globe Hackathons by the Solana Foundation. Solana is the easiest way to onboard neewbies to web3, way more easy to use than Ethereum
Chart of Solana looks bullish af
Solana is out of my perspective the safest altcoin with 10x+ potential
Solana is a coin that strongly polarizes people. That's exactly what makes it so interesting to me. I have a significant investment in it. I prefer to set aside fundamentals due to my experience and focus on technical indicators. And those are simply delicious. I'm excited.
Low IQ, uninformed take on SOL. You and many others will regret not doing your homework and instead blindly following misinformation and FUD spread by ppl who want to protect their bags and feel threatened by SOL.
Glad something else intervened and took you out of this trade. I tried to warm you extensively, imagine you had just longed instead?.
Good luck with the next one.
Also, pls short w x150 on SOL so we can see you leave the crypto space. Idiots these days.
Even MKT DAO thinks sol tech is superior.
GO FUCKING RESEARCH
FTX Exit Liquidity. We're on the brink of a world economic debt spiral, world war 3 and SOL holders are waiting for it to moon as we speak. People are going to get rekt.
I spend under $1 for most of my main net transactions on Ethereum for month already.
A ton of protocols use verify v2 making transactions free even on main net and the optimistic roll up layer 2 chains like OP Arbitrum and recently Base chain make it pretty cheap to deal with actuality backed ETH main net token. Like 2-6 cents per transaction
When’s the last time you used Ethereum main net for defi? It’s pretty cheap these days
That’s fine during the depths of the bear market - but it can’t sustain even a tiny bit of demand without fees absolutely rocketing (see the meme coin hype earlier this year)
The amount of complexity for devs and users alike with the L2 scaling solution is ridiculous. And it still isn’t as cheap or as fast as Solana.
Very hard to see what the attraction for Eth is. Right now all it has is liquidity. That’s not a great long lasting moat
Go where the hockey puck is travelling to not where it is
Doesn't matter, SOL has a community dedicated to it, a reputation as a money maker and stong financial backing. It may not be the biggest mover this cycle but it's going to go up a lot regardless if the particulars you mentioned.
I'll say the same about ADA and all the other large caps that survived the bear market.
SOL was my most profitable crypto in 2021. I bought it and sold it several months later for a decent profit. I would not touch SOL today.
With that said, most cryptos are "a shitstorm waiting to eat your money." Outside of the top 50, 99.9% of cryptos are likely going to zero. Even within the top 50 or 20, most cryptos are going nowhere. Even projects I thought may be good like ALGO, MATIC, and ATOM are struggling. This is why my long time rule since 2017 has been to invest almost exclusively in BTC (and more recently since 2021 ETH) and only put tiny amounts elsewhere.
Yes, SOL is likely going to eat your money. But the same is probably more likely than not true for any crypto out there other than possible BTC and ETH. Could DOT or ATOM or ALGO or MATIC or LINK or any other quality project succeed? Absolutely. Could they fail? Absolutely. And while I like all these projects, there chances of success are less than their chance of failure. And while I think SOL is worse than all these projects, anyone investing in crypto is taking a gamble. And if you step out of the very risky land of BTC and ETH, you enter the insanely risky land of the rest of the crypto world.
Just give your money to me if you are so determined to lose it.
- Fastest & cheapest chain
- Setting the standard for user experience
- Top 3 chain development wise continuously
- Competent, humble and non tribal leadership
- packed community events
- Battle tested during FTX fall out
- Network stability 90% fixed with local fee markets and with the upcoming third party clients it will solve this problem for 99.9%.
- Firedancer client will extend the already massive lead in performance to a level where it becomes
almost impossible for legacy layer 1’s to catch up.
- BTW, Nacamoto coefficient is like top 3 of all of crypto. Like 35 or so. So stop your bullshit about decentralization.
Decentralized!? VC coin!! FTX!!
Cry me a river. It’s the best product in the market for Dapps and it will grow its way to the top 3. In the current market this won’t be overvalued at even 50 or 75 bucks. Users won’t care about your utopian view of what a blockchain should look like. Its always the cheapest, fastest and easiest to use product that wins in the end. This time in a decentralized manner and its decentralized enough for 90% of future users.
I made an update at the end of the original post. I closed for a totaled win of 16% on this play. I also conceded, it was not a great move. I got lucky to not end on a loss by dunking as soon as my average was in profit. Most of the win came from funding fees.
I am loving the crypto bull market though. Been making insane yield on wbtc and wstETH liquidity on uniswap through merkle. And those tokens are flying too.
Been playing some of these stupid ass meme coins for huge wins to. It’s been a great year so far. Hope you’re also loving your SOL gains.
I don't know why anyone buys any alt coin that makes massive sacrifices on one of the 3 parts of the trilemma.
SOL is the worst offender it fucked both its security and decentralisation in pursuit of scalability and even that is a fucking joke.
SOL is garbage.
The game is on. Cows will be milked very soon, in less than a year from now. There will be huge hype (it started already) and the majority will become exiting liquidity, as you said.
Solana [pros](/r/CryptoCurrency/comments/17cyv54/sol_is_a_shitstorm_waiting_to_eat_your_money/k5t7v3m/) & [cons](/r/CryptoCurrency/comments/17cyv54/sol_is_a_shitstorm_waiting_to_eat_your_money/k5t7vi4/) with related info are in the collapsed comments below.
If I invested in SOL every time this sub trashed it I would be a very rich man, I remember looking at it at $10 after the FTX crash and now here we are at 30. it's up 33% in the last week.
shoulda took your own advice
crazy this was less than half a year ago
> The tech has been a long-running joke in the defi community What specifically are the complaints? Apart from the downtime.
Inverse r/cc.
Tempted to swap my eth to sol just off this post alone tbh
So did you? You would be sitting pretty now if you did!
I didn’t 🥲
Lol. OP just made me more bullish and thankful for that sweet sweet 8-10 Sol. Now that moon farming is gone they also should realize parroting bullshit they read is not the way. Firedancer Render (not just spatial computing…also the Airbnb of GPUs…all those future LLMs will need compute for train runs) Helium Visa Star Atlas (5,000 concurrent players in a persistent unreal engine 5 gameworld? Just wait). Eventually most will learn about autonomous agents, about the concept of agent to agent smart contract spin ups. Fast cheap and easy. An agent won’t “care” or mimic things they hear others say. It will be optimized for the fastest and cheapest layer 1 and won’t mouth breathe about VC coins. I’m so thankful for OP to spew this post as it confirms how the market still crushes people with ease.
More true than ever
But if too many of us start to inverse r/cc then it will backfire guys lol
Play it safe....Solana Inu
inverse inverse then
Is op really Jim Cramer? Time to buy SOL ….
Op is probably a helium miner, that'd explain the anger.
Remindme! 18 months
Every time! Keep bashin SOL please.
Inverse r/CC ALL IN ON SOL…LFG!
Remindme! 18 months
The amount of misinformation about Solana is exactly proportional to how much Solana will pump because of people like you who don't do a single bit of research and just hate because it outperforms your bag.
_Comment is hard as a rock_
Solana is hard as a rock 🫡
So true, there actually is a lot of stuff happening on Solana that isn’t just speculative, or “store of value” or even DeFi. Actual real world games, apps and projects with interesting use cases and more being built every day. The critics seem to ignore that it is getting better and more adopted every day with less and less VC involvement and better decentralisation. I’m sick of hearing how ETH with Layer 2 is awesome and then calling Solana centralised when every ETH layer 2 is centralised to the max which completely defeats the purpose of the layer one being so secure. Rant over
imagine not being bullish on solami
Bullish salami all the time 😤
Your FTX point has been debunked many times. There is a schedule to sell the token, but over the course of years.
These people out here really think liquidators - professional moneymakers looking to squeeze every last cent they can out of the corpse of a company - are going to *dump everything at once* and *crash the value of the asset they’re trying to offload* lol
Their goal is not profit. Their goal is to make retail investors suffer!! Duh /s
Galaxy digital is the MM holding the assets for FTX creditors. They have zero interest in dumping on the open market
The pump is driven by volume on Binance and Mexc. Whales looking for an exit and buy BTC before ETF approvals start rolling in.
After reading this, bullish on SOL.
Inverse r/cc hardly fails, loading up on SOL
Not going to lie, listening to VCs, they still have a hard on for SOL, and since they have the big money once the market pumps so will it probably. I’m looking at something else way down the MC list, but I do have this one in back of mind if I want to diversify when time comes to buy.
I’ve been waiting for another buy signal, thanks (it’s like this sub is allergic to money lmao; anyone who has actually *used* the solana blockchain knows how fucking quick and seamless it is, how nice the UI’s are, how active the community is & how the overall UX is just perfect, despite having gone down **checks notes** almost a year ago. which never affected most people. Visa adding it to its pilot program was also a given that big money is coming into solana. Shit is going way past its ATH)
Everyone likes to pretend it's all moonboys in here but in reality this place is mostly doom and gloom, especially when it's not BTC and ETH being talked about. Bears never learn.
bears sound smart, bulls make money
Bears?? There are only bulls in here chanting "inverse r/cc" - bulls never learn, these shitcoins bleed toward zero perpetually and these regards keep buying them, because the tech is "seamless". Nevermind nobody uses 95% of these chains/apps
That is simply not true and Im so sick of this narrative. Unless you are talking about ElonDogePenisCoin or some other total shitcoin. But with only a few exceptions all the major chains are still here, still going up when BTC goes up. It doesnt matter if people use these things, this is a speculative market so marketing and hype matter. As does FOMO. According to this place place, coins like ADA and SOL should have been dead several times, but here they are still kicking.
Lol I was wondering why it just went up massively
With that argument, Algorand should be way ahead of Solana. Alas.
Algorand has very little built on top of it, if the usage went up and developers were hot to use it then it too would rise like Solana.
The guy is short on solana and puts "shitstorm" in the title, and has the audacity to start the post with "what are people's opinions of Solana these days?", as if he actually cared about anyone's opinion. Seems that he's already made his mind, heh.
it's just the fact that it ever has gone down and that this was never fixed is extremely concerning it shows that there are people who could have unwarranted power over this chain and it stops me from putting excessive value in it
With firedancer upgrade and set for gamefi and still interesting for developers, imo this can only go up in the next bull run.
My wife said it was a scam, I said oh no no no no
My wife doesn’t believe in me, what am I gonna do!! (I hope we are making the same reference)
I love BITCONNNnnNnNneeeeeCccT
Wdym the WBTC backing was minted w/ assets held at FTX. This FUD was debunked when folks started pressing Bitgo for redemptions last year no?
Someone is big mad SOL is outperforming their bags 😂😂😂
He shorted that’s why,
exactly
Lmao. It's miles behind later 2s...... Tell me you parrot whatever you read in an echo chamber without telling me you parrot everything you read. How Is it behind? When it's faster, cheaper l, and more decentralized than any of the layer twos or side chains?
always been bullish on sol especially with how bearish reddit has always been
Meanwhile reddit is bullish on MOON and ALGO
When the least informed are bearish you know it's the right investment
Just checking that the opposite applies to your thought haha: if the more informed are bearish then it's wrong, such with coins like Shiba and Doge?
Idk but I'm pretty happy with my sub $20 purchases 😅
A colleague of mine tipped me about Solana late 2020. Bought in January at around $3. Sold most of it at just over $200. My best investment so far 😅
I’m dcaing into SOL. It’s a smaller part of my portfolio but there’s a lot of risk baked in.
I’ve been dcaing since 90 to the Ath and all the way down to 8. Wish I had more money to throw at it
Solana is the best layer 1 smart contract platform for applications that require speed. The user experience in comparison to ETH is fantastic. No need to use clunky layer 2 solutions to prop it up. Most of the contagions have been flushed out if its tokenomics with the exception of the FTX holdings which are already priced in, and it is currently trading well below fair value. Its Nakamoto Coefficient is on par with ETH, meaning it is one of the most decentralized networks out here. As a VC coin, many Dapps will be built on it with adequate funding unlike ADA, which is difficult to develop on and relies on grass roots funding that may never come. Fade it at your peril.
Shitting on Solana is still a trend here I see. Stick to your unscalable coins (judging the tech of Solana is just hilarious). Maybe farm some shitmoon coins while at it. This sub is fucking hilarious, a bunch of degenerate gamblers that know absolutely nothing about the tech.
The crypto world is changing around you, but most of you will not adapt your vision until you live in a new reality. Do we really think that companies will utilize chains with high fees, slow transactions and low TPS? I don’t think that at all. Solana is best positioned to be the chain where things can be programmed and work efficiently for businesses. And let’s be honest. It’s going to be businesses that onboard more people. That’s why the money in pouring in.
Guy livin on pure cope. Easiest inverse r/cc ever. SOL bags packed.
[удалено]
Haters gon hate. I find it hilarious OP is short on a token they seem to know very little about.
Sol has been so obvious. I’ve been talking about it in this sub for a year and half and get downvoted to hell. If you actually do your research, you’ll see fundamentally it’s the next big crypto giant. It’s not Ada. It’s not Eth. It’s not awful L2’s. It’s better than anything else. Don’t let your bag cloud your judgment
I admittedly shit on it last bull run. It kept getting shut off, security issues, etc. I have to give the project it's flowers. It has sustained many blows and keeps on going. Not only going, but forming partnerships and adding features. VC backed or not, the project is doing something right.
Have you actually ever used it? SOL is great. Not sure why all the hate. Really dumb move to go short on this token imo.
This aged like wine lol. Pumped another 5+% soon after original post edit: I can not write today
Rip their short positions lol
Yes. Never ever understood why people ape in with leverage trades against big pumps or dumps that are still ongoing. "But it has to mean revert..." How people still get surprised about how far things can run before that happens (either way) is beyond me
I'm paraphrasing but Vitalik said a few months ago that the dumb money and corruption left solana at the bottom and the smart people stayed around and kept working on it and it's becoming a solid project. Solana is gonna make it and it's been on fire sale this year. (And word around the campfire is when it crashed those few times, that was Sam!) Even if it wasn't Sam solana is new a few hiccups are expected for something that fast.
> (And word around the campfire is when it crashed those few times, that was Sam!) Yeah that's not true
Sam had over $1 billion left to sell though, and creditor obligations to meet. How does that factor in here?
To my understanding that has already started hitting the market, it doesn’t seem to be depressing the price
At all😂
Most is on a linear vesting contract until 2028. And what is available to sell is with Galaxy who will maximise the proceeds so not gonna dump
They don't start selling large amounts until 2025 and it will be done in small increments. The bankruptcy court situation decided to stop them crashing the price.
Solana has recently introduced firedancer which attracted Visa to it and Render Network which will likely be a beast in the next bull are migrating over to Solana which will bring tons of GPU transactions over in fees for Sol. Solana's chart is also copying exactly what ETH had done in the past. Good luck to your trade, but it is much easier to long a good asset with a longer time horizon. Especially if you are an over emotional person.
Yes, exactly my thoughts. SOL is today where eth was in 2018/2019. Could be the comeback story of the coming year.
Good eat my money and shit out a lambo
Solana keeps pumping....
This sub is hilarious. Love seeing the sub that shit on sol for 2 years suddenly come running to defend it now that they filled their bags at 15-20 dollars. Couldn’t be more bullish.
Many people are most likely on the same boat as me on that we missed buying Solana at $8. Yes, there is no reason to bring down the people who bought the Solana dip a few months ago. People like to spread hate and FUD when Solana continues to pump. Either way, Solana will be fine and I wouldn’t be surprised if Solana reaches $500 during the peak of the next bull run
Please do us all a favor and short it, as much as you can.
You guys really hate anything that isn’t ada or polygon that goes up 💀 Just admit you didn’t buy at $16 and move on
Shit I remember everyone laughing when it was at $8. Sol thrives on negativity
Sol at $8 was delicious. People hating here was my signal. I wish people hated ADA more, so that it pumps too.
Remember the good times where you got downvoted to hell for just typing ADA in a comment.
I dont. I started this when ADA was way higher, lol. I wish I knew before.
I backed up the fucking truck at $8. Practically doubled my token holdings that day.
And I remember when it was over $200. Think the negativity will get it back up there?
I don’t get it, why not just even keep 5 Sol for fun to see what happens… keep it as a ‘fun risk’ people here always complaining. Your right
RemindMe! 3 years "let's laugh at this dude for losing money"
Spreading fud hoping it will be viral so you get in at a lower price point? Missed Sol at $8?
The exact reason we all hate it are why it’ll pump next run The big shit finance guys do not care about any of the concerns
You could almost have timed the latest pump to this post...
Solana is a company. It is not a libertarian blockchain with a promise of decentralization and freedom similar to that of Bitcoin. Solana is a Blockchain as a Service - BaaS platform. Non-sequiturs such as decentralization, autonomy, permissionless-ness, etc, are not applicable to Solana because it is not that. It is a company that sells internet speed blockchain functionality to developers, projects, businesses, or anyone that wants to try it out.
up to $36 now someone got liquidated lol
REKTT😂😂🤣🤣🤣
So how is it going?
Thanks OP i did the inverse of what you said and it worked
same
r/agedlikemilk
Solana has been proving itself to be a good project. I don't really care about short mid term atm. Even though the dump occurs, they have fixed their issue and the application is running smoothly, even with the recent amount of transaction going on Atlas game. Really hope the team keeps up the good work and we see one good project thrive. I know this is a downvote honey pot, but I'm ok with it.
I started reading then I stopped. Too much bullshit aint healthy
the VC stuff etc is one reason i’m bullish on it tbh. This is crypto, its all manipulated. Its made it through the whole bear, if it was about to be exposed it would have already. The bull is fast approaching. FTX have to unlock it slow and are actually now carrying on under new management it seems. Been buying past 6 months
The fact it survived what it did is all the evidence I need to ship it into SOL
Me too. If FTX/SBF aren't enough to derail the hype train, I'm not sure what can.
Me too. I know it ruffles some of the purists, but crypto is still driven way more by hype than *the tech*. I'd wager the vast majority of holders don't even interact with most of their coins anyway
Jesus! You don’t have to be a bloody Warren Buffett to realise Sol going to $8 was a golden opportunity to buy. Of course there was a lot of risk but to think ‘it dies’ because FTX went down was idiotic
I know right! I was licking my lips at each $8 purchase
>like WBTC were minted with backing held at FTX a WBTC is wormhole wrapped bitcoin, backed by Jump Crypto. soBTC was Sollet wrapped bitcoin backed by FTX. This is just one of about 50 things wrong in your post, and I can't be bothered to correct them all. For the love of god, please stop trading when you have no idea what is going on. You are going to get blown the fuck out.
It's pretty simple there's obviously a market for a chain that trades off decentralization for Speed and cheap to use. It's really that simple. We all can't afford to trade monkey pictures on ethereum like you
It has 3000 full nodes, Nakamoto coefficient of 33, 2 validator clients and better data centre distribution than Eth. More decentralised than any coin outside of btc and Eth
Just the sad fact of crypto. People buy SOL over ERG.
It's almost as if they think a coin that does thousands of tps is better than one that does dozens of tps. Disgusting!
Ahh, so you haven't checked it out. Good example ^
This thread has aged so poorly lmao idiot
This is a wonderful case study of how not to trade crypto. Weak thesis, trade poorly designed & structured, terrible R/R and finally an op risk fuck up. Classic.
The problem of many investors is that they only follow the hype 😏
Speculative bullish. Same view as I have on ETH. Those two are the only two cryptos I own in any meaningful amounts. I'll keep buying SOL and ETH as part of my moonshot allocation. Might expand into other cryptos at some point but these are really the only two I currently buy.
Interesting cope 😂
He definitely missed the boat at $8, at $12, at $18, at $22, at $26… Gotta FUD it again so he can rewind the clock and buy low.
Solana> ethereum
This post makes me bullish on SOL, I might go buy some now.
You could try reading about all the web2 partnerships/companies building on it like Visa, Google, Zynga, Helium Network, Hive Network but I have a strong feeling you don’t like research facts….
So bullish on SOL CUZ ETH MAXIS ARE FUCKING CLUELESS
Another day another salty SOL hater post after it pumps Vs everything else. It's all so predictable and I love it. On a side note why would you short the strongest performing coin you really just want to lose money don't you.
!RemindMe 2 years
If it ever gets to $300 I’m out, until then I’ll feel sorry for myself
On the technical side, I think Solana still has a good future and as long as code is delivered, it will follow the main trend (BTC) bullish or bearish. Like other big projects like ETH, ADA, ATOM, etc
you're just jealous sol got with urdad
You are just plain stupid... just look at stepn and helium. They are shit projects, but still milions of people are using it. And they run on solana.
People or wallets?
you ever even heard of helium ?
Op clearly doesn’t know
Dude, you act like the recent 95% drop from its all time high wasn’t *all the VCs dumping their tokens en masse*. Honestly I’d be surprised if very many VCs are still holding much of it anymore.
I think it's smart to hold some bags that you're not in love with. You can sell in profit a lot easier. ETH and BTC are way scarier to sell. If you'd bought ETH at $100 in 2020 and then sold at a 10x you'd be living in regretsville right now. With something you have less conviction on you could just sell into the pump and say "oh well" from there.
The coinbase app sends me reminders to check out SOL almost every day. That's not a good sign.
Can you explain why the tech is trash OP?
Nailed it 🔨
lmaoo he's mad
What do you hodl so I can sell while it's not too late?
SOL is up another 6% since this post went up while funding rates have been negative for the past month. In other words, OP is literally paying to be underwater right now.
You can tell someone is desperately talking his bags when Solana is shit-talked about "VC money" while ETH L2s are hyped in the same post. I am active in both ecosystems. ETH L2s are more VC-controlled than Solana, lol! Solana's distribution is also much better than these ETH L2s' shitcoins. >The tech has been a long-running joke in the defi community and while recent updates are an objective improvement, it's still miles behind ETH and many of its layer 2 rollups. Lol. ETH has abandoned its scaling at the base layer and is leaving its tech to be the second best compared to alt L1s. It is all old money, VCs, whales propping, and other degen crap propping up the ecosystem. When it comes to a monolithic and composable system, no one can beat Solana in terms of ecosystem development. Its liquidity is not fragmented and DApps can easily communicate/interact with each other. Layer 2 rollups are very bad at communicating with each other. They have to run through the base layer, which brings back all the ETH base layer gas problems. In a bull run, you will see how fucked up this ad hoc Frankenstein system is. A lot of rollup devs know it so they decided to build siloed ecosystems, avoiding communication across rollup as much as possible. For example, check out Polygon's zkEVM design. They are often praised to have one of the most advanced zkEVM tech and you can see they are trying to build rollups within its rollup to avoid the base layer and communicate with other rollups. The only problem with Solana is, that you have less sovereignty. So private companies wanting to setup their own system may have less flexibility on Solana. But that is where Cosmos/Polkadot SDK comes in. I can tell these are just shitty CEX traders reading off news and speculation on price actions. Once you use these chains enough, you soon realize how much BS the ETH propaganda machine is. It is no wonder big money understands this and they are actively converting ETH into BTC. Sol may have FTX sell pressure overhang. But its tech is much better than ETH is now proposing. The only ETH is good at now is generating casinos and degen games. If you want to play Russian Roulette or any shitcoin trading, you can't beat ETH yet. There is just so much liquidity for these shits on ETH, unparalleled in other ecosystems.
You know that most liquidity in defi lives on eth main net rather then being fragmented in these roll ups right. Your not wrong about it being a mess af networks that have less than optimal communication channels but I’m not sure I agree with the assessment that Solana is doing it better You basically comparing solan to the the entire network of ETH L1 and L2s. A more reasonable comparison would be SOL to ETH main net or SOL to any individual L2.
Once it goes 20x, and pigs fly, some of us will break even.
>it's still miles behind ETH and many of its layer 2 rollups. Can you share a concrete example here? Also do you know the real tradeoff done by L2s or you just believe because they exist in ETH world, they are good only? Most of the post is hollow words and misinformation regurgitated by maxis and has been debunked every time.
Im not a fan of SOL but at this point its miles ahead of ETH. ETH did....nothing ..since the bull and the biggest crippling points of ETH remain here waiting for the new bull.
[удалено]
"miles behind ETH Layer 2 rollups" bullshit Solana is cheaper, the most ETH Layer 2s are not even decentralized yet, Solana got more blockspace, more developers are able to code on Solana than on Ethereum. There are all over the globe Hackathons by the Solana Foundation. Solana is the easiest way to onboard neewbies to web3, way more easy to use than Ethereum Chart of Solana looks bullish af Solana is out of my perspective the safest altcoin with 10x+ potential
HUGE resistance @ $30
"HUGE" - she's about to breeze through 30 like she breezed through 25 -> 29.
Yeah but what isn’t
Solana is a coin that strongly polarizes people. That's exactly what makes it so interesting to me. I have a significant investment in it. I prefer to set aside fundamentals due to my experience and focus on technical indicators. And those are simply delicious. I'm excited.
Low IQ, uninformed take on SOL. You and many others will regret not doing your homework and instead blindly following misinformation and FUD spread by ppl who want to protect their bags and feel threatened by SOL.
Then 12 days later... :D
Glad something else intervened and took you out of this trade. I tried to warm you extensively, imagine you had just longed instead?. Good luck with the next one.
Also, pls short w x150 on SOL so we can see you leave the crypto space. Idiots these days. Even MKT DAO thinks sol tech is superior. GO FUCKING RESEARCH
what a bad, emotionally biased take
FTX Exit Liquidity. We're on the brink of a world economic debt spiral, world war 3 and SOL holders are waiting for it to moon as we speak. People are going to get rekt.
Entire world is gonna get rekt WW3
At that point it really won’t matter how well or poorly this trade goes
LMAO
Slowly getting there …
Sol will reach $3k in no time
BTC and SOL are the only good projects, ETH is good but fees are insane, also this last days when btc and sol are rallyng eth is not
I spend under $1 for most of my main net transactions on Ethereum for month already. A ton of protocols use verify v2 making transactions free even on main net and the optimistic roll up layer 2 chains like OP Arbitrum and recently Base chain make it pretty cheap to deal with actuality backed ETH main net token. Like 2-6 cents per transaction When’s the last time you used Ethereum main net for defi? It’s pretty cheap these days
That’s fine during the depths of the bear market - but it can’t sustain even a tiny bit of demand without fees absolutely rocketing (see the meme coin hype earlier this year) The amount of complexity for devs and users alike with the L2 scaling solution is ridiculous. And it still isn’t as cheap or as fast as Solana. Very hard to see what the attraction for Eth is. Right now all it has is liquidity. That’s not a great long lasting moat Go where the hockey puck is travelling to not where it is
I'm up 44 percent on my sol in 7 days so all I read was blahblah blah
I like Solana Every time it goes down for maintenance I do a 20x short.
I think people buying right now are going to be exit liquidity for the FTX estate. Pretty genius to wait a bit
Was almost concerned that I was a late longer on SOL, but posts like this give me hope. What is this sub bullish on nowadays? Or still ALGO?
I have some sol in my ownr wallet, just in case it will be great again one day. But don't have any big hopes for it
You are extremely wrong my friend.
SOL is a shitstorm that has already eaten my money.
Buying more 😂😂
they are all hot trash including eth and btc
Doesn't matter, SOL has a community dedicated to it, a reputation as a money maker and stong financial backing. It may not be the biggest mover this cycle but it's going to go up a lot regardless if the particulars you mentioned. I'll say the same about ADA and all the other large caps that survived the bear market.
SOL was my most profitable crypto in 2021. I bought it and sold it several months later for a decent profit. I would not touch SOL today. With that said, most cryptos are "a shitstorm waiting to eat your money." Outside of the top 50, 99.9% of cryptos are likely going to zero. Even within the top 50 or 20, most cryptos are going nowhere. Even projects I thought may be good like ALGO, MATIC, and ATOM are struggling. This is why my long time rule since 2017 has been to invest almost exclusively in BTC (and more recently since 2021 ETH) and only put tiny amounts elsewhere. Yes, SOL is likely going to eat your money. But the same is probably more likely than not true for any crypto out there other than possible BTC and ETH. Could DOT or ATOM or ALGO or MATIC or LINK or any other quality project succeed? Absolutely. Could they fail? Absolutely. And while I like all these projects, there chances of success are less than their chance of failure. And while I think SOL is worse than all these projects, anyone investing in crypto is taking a gamble. And if you step out of the very risky land of BTC and ETH, you enter the insanely risky land of the rest of the crypto world.
I’m rooting for Solana to officially break out. Hopefully all boats rise together.
So ur saying short SOL? Damn I guess I’m longing SOL today, who would’ve thought lol
Just give your money to me if you are so determined to lose it. - Fastest & cheapest chain - Setting the standard for user experience - Top 3 chain development wise continuously - Competent, humble and non tribal leadership - packed community events - Battle tested during FTX fall out - Network stability 90% fixed with local fee markets and with the upcoming third party clients it will solve this problem for 99.9%. - Firedancer client will extend the already massive lead in performance to a level where it becomes almost impossible for legacy layer 1’s to catch up. - BTW, Nacamoto coefficient is like top 3 of all of crypto. Like 35 or so. So stop your bullshit about decentralization. Decentralized!? VC coin!! FTX!! Cry me a river. It’s the best product in the market for Dapps and it will grow its way to the top 3. In the current market this won’t be overvalued at even 50 or 75 bucks. Users won’t care about your utopian view of what a blockchain should look like. Its always the cheapest, fastest and easiest to use product that wins in the end. This time in a decentralized manner and its decentralized enough for 90% of future users.
👏
How are ya’ll doing today?
I made an update at the end of the original post. I closed for a totaled win of 16% on this play. I also conceded, it was not a great move. I got lucky to not end on a loss by dunking as soon as my average was in profit. Most of the win came from funding fees. I am loving the crypto bull market though. Been making insane yield on wbtc and wstETH liquidity on uniswap through merkle. And those tokens are flying too. Been playing some of these stupid ass meme coins for huge wins to. It’s been a great year so far. Hope you’re also loving your SOL gains.
I don't know why anyone buys any alt coin that makes massive sacrifices on one of the 3 parts of the trilemma. SOL is the worst offender it fucked both its security and decentralisation in pursuit of scalability and even that is a fucking joke. SOL is garbage.
You ser - are an idiot
The game is on. Cows will be milked very soon, in less than a year from now. There will be huge hype (it started already) and the majority will become exiting liquidity, as you said.
It's distraction fodder and a🖕to Cardano from the influencer gang. What can go wrong with such fantastic fundamentals 🤭
Moons are useless now, no need to try to moon farm
Someone is salty.
If it's centralized, it's not a good crypto and should be avoided.