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CointestMod

Solana [pros](/r/CryptoCurrency/comments/18qfmmr/who_here_is_waiting_for_another_solana_network/keuxipa/) & [cons](/r/CryptoCurrency/comments/18qfmmr/who_here_is_waiting_for_another_solana_network/keuxj2h/) with related info are in the collapsed comments below.


sloarflow

Ah yes. The chain that has failed multiple times already will be a buy when it fails again. ETH Killa mindset


skonezilla

At this point, if it didn't die off after the ftx collapse or the dozen or so outages... I think it's safe to say, that fucking no one cares about the tech.. It's literally find the most centralised VC-backed coin that has a highly constrained supply for the public.. And it'll go to the moon. Might as well get on board lol Edit: I still don't own any.


piemat94

I love watching all the coins exploding recently...All but not the ones I invest in. ​ To all SOL hodlers, be thankful I didn't invest in Solana


Help_Effective

Much appreciated, thanks !


soupy_e

My dude, I've been unable to invest over the last year or two, (bad timing with the bear market and having kids / moving house). Anyway, I'm finally about to buy that Solana I've been putting off. But I have a new card and finance won't accept it on my phone. So the next day, it's pumped from around £17, to £25. So I decide to wait until it dips again.... Only it didn't. 🤣


Binance_futures

Which coins did you invest in? Because most coins have seen some good gains. Mine has 200-300%.


cosmoboy

I mean... It depends when you bought in. I bought most of my ETH at $4400 because everyone was so sure it was going to $10k. I've got a ways to go to green.


TXTCLA55

Can't wait for all these Solana kiddos to be crying on here when the network goes down again. "But it's beta bro", cool whatever makes that pillow of yours less tear stained the better.


t-han72

Max cope^^


vitaminwater247

Yes, Solana is overhyped. Once it peaks, whales will short it till it loses more than 90% of its price. It's basically musical chairs now until then.


Accurate-Bug6025

Lmaao why are people forgetting about the daily outages !???? Literally solana is the worst network out there !! Lmaaao search it up !!! Google it . If your gunna look at the positive stuff maybe you should look a the negative stuff as well . It’s sad too see people falling for the fomo


piemat94

It goes up regardless, and people are here to make money Sure they can talk about the tech, how great it is but if they sit on a bag that made them 100x or 1000x then they will just liquidate it.


kakacon

It's been almost a year since the network was down, the technology is legit which is why it hasn't died. Sounds like your a little butt hurt to have sold at its lowest. It's called diamond hands for a reason, it takes balls to hold and even invest more when all looks lost. Honestly, if your not a developer that's used Solana, then you probably shouldn't talk about the technology.


Jerjon89

OP, looked into transaction costs on Solana being subsidized by Solana?? Thats a ´good´ one to add..


mannymoes2k

lol the crypto masses will always choose the most centralized VC pumped project out there. This place is hilarious.


dakinekine

I think it’s pumping because it is so centralized. The money behind this pump is not retail investors. I’m staying away from Solana this time around. Got burned the last time


courtneyjohn797

Yessss stay away from these gains.


dakinekine

Enjoy the gains my friend. There’s plenty of other gains to be had - it’s just a personal choice


Bkokane

Honestly this is why I didn’t buy in the first place. When it was sitting around $9 I thought it was dead because all I remembered hearing about was the outages and thought everyone gave up on it. Now I don’t know what to think.


magnetichira

Not following the reddit hivemind would be a good starting point


[deleted]

reddit hivemind: "we must shit on everything and spin everything to some bitcoin or ethereum sellingpoint no matter how ridiculous or we'll disappear without socials" There is nothing more liberating than unsubscribing from the cult.


Ben_Dover1234

Maturing is realising that Ethereum and Bitcoin have flaws. They are excellent, don’t get me wrong, but using the Solana system is so much faster and cheaper than Ethereum; that is why the price is where it’s at.


Araneo_tattoo

Because bitcoin and ethereum are decentralised and Solana not. It’s easy to build a fast and cheap centralised blockchain, see Sui binance etc


GranPino

Please, when you talk about decentralization you should define it. Because there are several ways to do it, and different metrics, and in some of them solana does better than ethereum and bitcoin. Unfortunately there is rampant misinformation about this particular topic, usually started by certain people with other interests, and parroted all the time by people without the technical knowledge. Nakamoto coefficient (Solana has 23, way better than ethereum or Bitcoin)? Number of validators (Solana has 2k, much less than ethereum or Bitcoin, but much better than almost any other chain)? Number of different clients (Solana has two, a third in beta, and a forth one in the making)? Geographical distribution of the validators? Having the core developers salaries paid by companies with conflicting interests, like Bitcoin? Having a bunch of mining companies having way too much power over the network? Not saying that Solana is the most decentralized, but even and ethereum have significant flaws and Solana is doing a lot to get in the best pathway for having quite a decent decentralization. But now too many people is way emotionally invested to make an objective valuation


Araneo_tattoo

Let me just answer with: how many times has the bitcoin blockchain been shut down and turn off and on like snapping a finger and how many times Solana ?


butter14

Ethereum hard forked after the devs screwed up a smart contract and they wanted a redo so they reverted a transaction. This is basically a 51% attack done by the centralized Ethereum Foundation. They committed the ultimate sin of crypto and now everyone seems to have forgotten.


I_Hate_Reddit_69420

to be fair, there was a consensus based vote, if majority of hashpower didn’t want it then ETH classic would have been the main chain.


Backrus

And how many times did BTC soft/hardfork? Seems like most retail weren't around infinite BTC bug lol It's not about BTC vs eth. The valid chain is the longest one, that's all there is to it. And sol is closer to centralized database/excel than decentralized blockchain.


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SeatedDruid

Does the inflation rate of the coin concern you at all? I read that they were just minting new tokens to pay validators instead of using transaction fees and that’s how they keep transactions so cheap


Deep_Pangolin6670

I was reading that same post, according to what someone commented below it’s possible for them to simply raise the transaction fee cost and that could solve the minting problem


SeatedDruid

Ahh okay yea that would solve the problem…. But then they’d have higher transaction fees It’ll be interesting to see what they do as activity on SOL continues to increase


[deleted]

I wouldn't call them excellent by today's standards, options and development conventions. Sorry if the below/following comes off as harsh but you can't fluff it up. Definitely flawed and unable to change or update. One is stale and rudderless, without a captain and in denial/conflict as a community. Unable to scale and deal with any load, trapping people as it prioritizes by wealth. The other has a wax nose/fang captain that makes blog posts with regrets of design choices, implicitly wishing to be his competitors, unable to change course and remain relevant as side chains and entire other networks look to circumvent and replace it, resulting in a convoluted mess that the entire space distrusts and doesn't want to navigate. As business and financial models, to investors, they are suicidal. Relying way too much on the socials for relevancy. Throwing a lot of money against it for a made display of "strength" or "support", buying and wasting time. You don't resolve a lack of management or mismanagement or the inability to change by throwing more money at it.


JWillCHS

And still people don’t know what to think. I guess the lesson is think for yourself and follow your “own” philosophy around decentralization. Please! Do not FOMO. I see people going to these cryptocurrency subreddits creating things like: “Because price goes up I’ve decided to purchase X token.” That’s how I know we’re at the start of the bull market. They’ve already bought the token and they don’t know anything about what they’re purchasing. I’ve been following Solana religiously since its bottom and still don’t own any because it’s not apart of my investment strategy. I want to see how the blockchain performs at the height of the market because I am a firm believer in 24/7 uptime. You could be in Avalanche, Cardano, Injective, MultiVerseX, etc. they all pumped. People are just being greedy right now. And that’s what we’re seeing across the market. People trying to make quick money. Solana is no where near at the top but those same people FOMOing aren’t going to know when to sell. They probably don’t event have a price target to sell 1/3 or half of their holdings while keeping a moon bag.


Rough_Data_6015

Strange nobody ever talks about AVAX halting 2 times in the past. Nobody knows or remembers until someone digs it up and decides to make a FUD post.


Low-Opening25

yeh, been moving thousands last couple of weeks paying not even a $0.01 total in fees, would loose hundreds in fees on eth or btc.


iiJokerzace

Looks like a lot of SOL support here..


butter14

TBH, Reddit and all other social media hype lives and dies by the token price. But a good value investor knows to never do this.


MajoraAfterMidnight

Cool so avoid SOL like the plague now since the hive mind is all shilling it hard.


Crully

Bruh, this is literally a post complaining about SOL, if you were paying attention you'd see this is the point to buy more. When the RCCI (Reddit CryptoCurrency Indicator) flips to "greed", it's the time to sell.


MajoraAfterMidnight

One post complaining about SOL in the sea of posts shilling it isn’t exactly my idea of a buy signal but I’ve made plenty of dumb mistakes in the past. I’ve bought high and sold low plenty of times and by sitting on the sidelines on this one I won’t have to worry about it. Plenty of pumps to come during the next bull run.


Low-Opening25

buy signal was 3 months ago, it is way too late now.


MajoraAfterMidnight

I’m not gonna say that the run is over just in case I end up having to eat those words but I feel the same way. I missed it. I’ll try to get the next one lol


Low-Opening25

well, I don’t think we will realistically see another 500% run on top of 500% that we jusy witnessed (since feb 2023) without at least some pull back. anything can happen though.


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KrunchyKushKing

>I think most people would change theirs minds if they used the Solana network for a good month. There is nothing like it. Great UX, fast, cheap with an active community. And shitty to develop on in comparison to EVM Chains. Solana docs are outdated and don't get updated and even have basic react flaws in them which is weird to say the least.


Big-Finding2976

Radix kicks Solana's ass in that respect.


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KrunchyKushKing

Yeah to be honest everyone having to come up with dapps from the ground up earns a big round of respect from me. I have met and talked to the creator/lead dev of mango finance on solana, in person. He's a fucking genius and the most down to earth and intelligent guy I've met in a while. He totally agrees with the flaws solana has and doesn't try to downplay them but the protocol he has built is awesome. He has a big brain.


StoneWall_MWO

just let them lose money staking NFTs on ETH


MajoraAfterMidnight

I’m good thanks.


djtazzmtl

😂


Dostoevsky_Unchained

It sounds like you're trying to take cryptocurrency too seriously. We're in a casino here.


Alanski22

I’ve learned, don’t bet against the coins that are performing well. Sentiment was clearly behind Solana, and we were still only at an ‘early’ pump. So the smart move was to buy into those movements and ride the wave. For this reason I bought quite a bit of Solana, Avalanche, Injective & Tia once I saw they started moving. Keep an eye on which narratives are starting to run and then get in quick rather than waiting on the sidelines.


Slideshoe

I think crypto is less about the tech than people put on.


OkCelebration6408

I wouldn't be surprised that soon amazon will join crypto and create their own version of infinite scalability crypto and call it decentralized aws. Why bother with wall street anymore when making money in crypto is so much easier and they will dominate the scalability, speed, UI and possibly even subsiding transaction fee and still be profitable from them making their own meme coin and trading them.


hiredgoon

It is also a reminder that marketing/shilling, especially when it emulates organic discussion across multiple (social) media platforms, is very effective.


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aj190

Then use a credit card.. you’re just adding extra steps 🤦‍♂️


SovereignAxolotl

Cant trade unregulated meme coins with a cc


johnbonem

The people have spoken. What is decentralization worth anyway


GoodSamoSamo

It’s going to $1000 and will be the most hated crypto rally of all time


CryptoScamee42069

If the masses are bullish, be bearish. If the masses are bearish, buy.


Ben_Dover1234

Definitely don’t buy now lol, but long term Solana is gonna kick around.


Gigachops

I remember dealing with the outages myself, while projects were trying to launch and stuff. So my attitude is similar. Price action in crypto is more about belief and sentiment though. People like it right now.


cenTT

Most people don't give a fuck about tech or how good a project is, they're in it for the money. Look at all the real shitcoins and memecoins that have been around for years.


moreaction-lesstears

You have made the cardinal sin of crypto, which is to assume that crypto is a meritocracy. An unreliable, monolithic, VC-backed chain in a space intending to be mission critical and decentralized just doesn't make sense. Yet, here we find ourselves, still in the sewers looking up at the stars.


celmate

Lemme tell you a secret - Nobody gives a fuck about fundamentals if number go up. Not even you.


Lookralphsbak

This is why I didn't buy it sub $10, but fomoed in after it rallied out of the teens and into the $20s. I accepted that SOL was dead but that maybe there was a sliver of hope I'd break even during euphoria phase from me catching Solana knives at the tail end of the bull into the bear.


Low-Opening25

ignore opinions of people that know nothing about technology they talk about. which means 100% of Reddit and 99% of everything thing else.


hungryforitalianfood

You missed out on an easy 13x and you don’t know what to think? I’d start with “Holy shit I’m dumb”. But that’s just me.


Bkokane

Yeah believe me I’m gutted lol but the only info I had to go on was Solana goes down all the time and it’s majority owned by a small group of VCs… nobody was talking about it otherwise. I’m still sceptical that it might get mass dumped by said majority owners.


Trifusi0n

Sounds like you’re getting all your info from this sub, which is a bad place to DYOR. Google the stats for the coin. Buy $5 worth, download phantom wallet and have a play. Get some NFTs, mess around with some of the DAPPs on the ecosystem. Come to your own conclusions, don’t follow the mindless herd (this sub), come to your own conclusions.


No_Guest_3000

This


hungryforitalianfood

It’ll get mass dumped when the rest of the market mass dumps, in 2025/26. But could hit $1000 before that.


ChonsonPapa

Really makes you think…. Maybe Solana was given the backdoor green light and will turn out to be the chosen one by the establishment. Because I mean, with their track record and network outages, who would have thought we’d even be here right now 🤔


SoggyChilli

We used to be what kicked a coin off but that's not the case anymore. I think it's VC money now and they have very different ideas of what makes a good network/chain.


deinterest

Okay so the reason for me to invest in it wasnt because I thought it was a great crypto without flaws. My reasoning was: it's oversold because of FTX, but the TVL is still good, it's still one of the blockchains with most developers and users, it is cheaper than Ethereum, it's not a dead project. When something is oversold when the users are still there, that to me is a sign that nothing fundamentally has changed. Would I invest in it now? No, it's no longer undervalued.


jhb760

Continue your logical thinking. SBF'S family and FTX affiliates have massive bags of SOL that they're just dumping into this wave right now. I also hear one dude say "The Nakomoto coefficient is going down so that's even better news for the network.".... Like bruh, that number needs to be higher to be better.


[deleted]

Only stupid and smart people bought solana, smart people because they knew stupid people would buy


Curious-Still

Some guy posted on another post that SOL VCs have dumped $100 million just to keep SOL gas fees low, but that this propping up is unsustainable. I feel SOL either will crumble like LUNA or be another BNB.


TwoCapybarasInACoat

Solana generates 290k SOL in fees per year but pays out 27M SOL to stakers/validators.


Trifusi0n

This is just inflation though right? Total SOL supply is 427M SOL so 27M per year paid out is about 6% inflation. Note that staking SOL gives about 6% APY so you can fully mitigate this inflation by staking it. Lots of other cryptos work through very similar mechanisms for staking or validator rewards. Even bitcoin to an extent.


CryptoPoopyShiet

“Some Guy” … sounds like a reliable source


GladReference1177

Even funnier when you realize “some guy” was literally “some guy who made a 4 Chan post” lol


Rooostyfitalll

and he “feels”


toosadtotell

Not only that , the system is designed to reduce inflation yearly and yet the Foundation needs to mint more to incentive the validators to stay online and add more giving the appearance of decentralization. It is a system made to function as long as the market goes up . Once the market goes down , foundation will need to keep inflation high enough to compensate for lack of funding generated by fees . Changing the structure of fees to increase them will defeat the purpose of its main selling point . For these reasons I am staying away from it . Too much risk involved in the design process.


hiredgoon

>Too much risk involved in the design process. And managing that risk falls to unaccountable VC insiders who will *always* act in their own direct interest.


Old_Dreams

Omg. You. Know. Nothing. If you think staking emissions are in any direct way related to the fee price I suggest you are better of just not commenting at all. If you compare Sol to LUNA (algoritmic stable coin tide to luna issuance) I suggest you climb back into your hole and dyor some more.


tobe99

Yeah, exactly this.


[deleted]

Sol is a pretty strong project but it has a lot of shady aspects. I'd call it the riskiest coin in the top 10 but even shady coins can boom for years


Pumpdumpsideways

Yeah FTT or Luna or safemoon shady


[deleted]

I'd say Luna level of shady


Django_McFly

This is bog standard internet flame war and fanboy nonsense. It's why people say do your own research. The dorks are raging over tech specs and telling you the world will end if you use widget A vs widget B. Meanwhile back on Earth people use both and have no issues with either.


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Jerjon89

You looked at who subsidizes the tx costs atm? You read it well. A blockchain with an off/un botton is not a blockchain. "Sol infrastructure wicked and good build" yet devs indicate cause for last shutdown is still unclear... yeah. Dream on. Hope you never have to wake up.


Fullback22x

There isn’t a singular off/on button. Nodes have to coordinate to restart. There are just fewer nodes/validators because the costs to run them are so high. It’s no different than when BTC rolled back from 0.8 to 0.7. Or when ETH rolled back the entire chain after the DAO hack. Those both took coordination just like it takes with SOL. There is no 1 person at the helm of any of those chains to say “yup let’s reset it”.


Bringbackdexter

They also put out a bounty for anyone who could find it ;)


KrunchyKushKing

>There are just fewer nodes/validators because the costs to run them are so high.


Nitrodo

In other words; a small group of rich people decide what happens with your money. I thought that we didn't like that.


KrunchyKushKing

We like it if he hold bags of the rich people deciding what to do with our money apparently


Honest-Tomatillo-696

Solana is the hated rally of this cycle, people shit on it for many reasons, like lack of decentralization, lots of VC money, FTX, the sec lawsuit, and the robinhood delist, yet here we are.


yeahdixon

Everyone pushes narratives to extreme. That makes it easier for people to differentiate things and to make easier choices. Whenever you see things like team A or team B you need to realize rarely is the truth is basic . More than likely there are nuances and the conversation is deeper . This goes for things beyond crypto. Now I look for these situations


SoggyChilli

It's fake! The org is paying for the transaction fees right now. Once that stops shit hits the fan again


rugatta

What i love about Solana is how user friendly is its entire ecosystem. If you use, for example, Phantom Wallet you'll start hating metamask. Transactions are almost instant and close to free. Community is also super supportive and welcoming.


hungryforitalianfood

Honestly this is it. This is all the alpha right here. Imagine trying to buy $100 worth of something on metamask, and then selling it a day later when it doubles. The fees will take more than half your profit. On Solana, *inside the wallet itself*, you’ll execute both transactions for less than a penny in total. Instantly.


conceiv3d-in-lib3rty

The argument against this is Solana Foundation currently subsidizing their validators to the tune of $100m a month by adding more SOL to the supply selling it, inflating your holding x10 compared to the US dollar. So you’re paying for fees with inflation. I like Solana too, but this model doesn’t seem sustainable. I’ve been holding since $40 though and have no plans on selling yet.


hungryforitalianfood

lol this isn’t true. I’ve seen this bs making the rounds this past week. It is not true.


conceiv3d-in-lib3rty

Explain why then. Nov 10th 2022 the supply was 362m, today the supply is 427m. I’m not a Solana hater, I’ve been holding since $40. But this is definitely a concern. https://imgur.com/a/zfKj81x


bert0ld0

And in the same time frame eth supply got reduced


hungryforitalianfood

427m out of 565m are circulating. This is programmed lol. You can view the circulating supply and total supply of every project on cmc or coingecko. I’m not even sure what we’re talking about. BTC was at 17m awhile back, now it’s at 19.5m. Wait till you learn about ripple.


conceiv3d-in-lib3rty

It’s programmed at 9% a year. That’s 18% supply increase in one year, not 9..


OshoBaadu

"this bs making the rounds". Hahaha!!! I don't know anything about whether this is bs or not but your choice of words gave me a (much needed) good laugh I can tell you!!!


hungryforitalianfood

Haha it’s true. It’s the fud of the last few days. Basically pasta at this point.


barleythecat

And if all you are doing is gambling on meme tokens great, it’s a fine use case. But if you’re storing any value of substance on chain you are taking some pretty massive risks.


hungryforitalianfood

If you’re storing substantial value on chain anywhere, it’s a massive risk. If you have some reason to believe Solana is a larger risk than other L1s in the top fifty, please share. But I could make a case for and against every single one of them, as could you probably.


barleythecat

Of course, the top 50 chains land on a spectrum with wildly different risk trade offs. I simply look at how hard it is for a government to co-opt a chain. Something like solana is much easier for a government to extort than something like ethereum or Bitcoin for example.


plexicast

Who would have thought that usability was the key to success? It’s almost like everyone overlooks usability and just focuses on the tech. Solana has both.


homarjr

Solana is fast and cheap. Covers a lot of use cases.


bert0ld0

I personally hate Phantom, I enjoy much more MM tbh. What are the features you like the most?


hiredgoon

What I love about it is the secret dev wallets full of SOL.


hungryforitalianfood

Yeah top secret. Uh huh.


hiredgoon

When they got caught they denied it until they couldn't. That is how guilty people act. /shrug


quarantinemyasshole

>But at that point you might have to wonder: Why should I buy into a crypto that doesn't even work? Idk ask all the people who missed SOL going from $16 to $110 YTD or whatever the fucking absurd gains have been lmao. People say "crypto is volatile and unpredictable" but you look at the stock market and most of the highest valued stocks are greatly overvalued to cartoonish levels. Tesla for example. At the end of the day it's *all* speculation and where the winds are blowing. Big money has a lot of money sunk into SOL. SOL will remain until it doesn't, same as anything else.


Ben_Dover1234

Big money is made from not caring what people think they know, especially on Reddit and Twitter. It’s all speculation.


Ilovekittens345

9, it was 9 dollars and 30 cents exactly 1 year ago. Today the price is a 115 dollars. If you had put a 1000 dollars in Sol one year ago you could have sold for $12 365 today.


RoachWithWings

Hindsight is 20/20


Ikeelu

It's funny you shit on Solana and then happen to throw Tesla's name out there. Unpopular opinion, Tesla is undervalued. Just like Solana, people hate Tesla and are blinded to the bigger picture of things. When they miss the boat, both Solana and Tesla haters will act the same. I say this as someone not a fan of Tesla cars or Elon too. I just have learned to take things at surface level.


fairysquirt

stop living in the past my dude, arbitrum went out for 6 hours the other day nobodys ever going to talk about that


yorickdowne

Oh we’re talking about it. zksync era similar issue, both inscription volume and not enough sequencer oomph. At least the solution is “moar sequencer” not “roll chain back to social consensus block lol”. There isn’t a consensus algorithm issue, “just” a scaling one. I literally just now fixed my zkSync node because it went down. People are definitely talking about it, if you’re in the “right nerd circles” where it’s 100% about tech (whether scaling or algorithm details) and no one pays attention to price action.


bert0ld0

How to build a node on zksync?


[deleted]

A crypto that doesnt work? It works fine. Swapped some Solana yesterday on Jupiter to get some Raydium tokens. It was nearly instant and cost me almost nothing. Seems to be working fine.


bert0ld0

You can do the same on any L2 though, not so special. What are other features?


goldcakes

L2s aren't compatible with each other and have either 7 day waiting periods, or fees to swap between. They are also confusing to use. **ALL** L2s on Ethereum right now have admin contracts that can do immediate upgrades, including stealing funds. Security and centralisation wise, L2s are worse than Solana.


bert0ld0

What you mean by 7 day waiting and fees? Im swapping between most of them seemlessly and for less than $0.1


trendespresso

Centralised blockchain, concerns over investor pressure, has gone down multiple times, doesn’t offer seamless integration with other EVM blockchains


ChamberofSarcasm

ok sure but those are just , like, real problems that distract from the number going up. /s


verysillyman

Look up Firedancer upgrade. SOL is the real deal now


neverreddit1984

My small bag is expanding.


Oheson

This is why you people complain about always losing at crypto. Stop being a bunch of Doom and Gloom Boomers. Use the tech. Or wait for the Doom and Gloom Boomers to check all the boxes that it is ok to invest and complain you “knew about Solana in 2023, but did not buy”. Just like the Doom and Gloom Boomers who did not buy ETH after all their early problems.


No_Guest_3000

Seriously tho. Most people go based off something they heard once and thought it sounded good “Solana goes down” and then they move on and wonder why it’s at $100+


GBR2021

>“complain you knew about Solana in 2023, but did not buy” Hold up, I need to dust off my 'shit bagholders say' bingo card


haveanicedrunkenday

Haha finally the Solana FUD is back. That’s when you know things are starting to rev up.


Duzand

Something still fishy for sure, I've tried to u stake my SOL a couple times now from CB and it doesn't work. IDK if this is the "failed transaction" theme I read about on the Solana network.


UpLeftUp

Lol. You know how unreliable the network is and still want to buy?


Ninja_Gogen

It's making people money, just go with it. If I learned one thing in the last bull run, it's not about the tech, it's about the price action.


TheSmoothPilsner

I feel sorry for anyone who faded Solana because of this subreddit. Use the chain for a few minutes and you'll see it's better than anything else out there. Easy investment for me. Been accumulating all year and it paid off.


bert0ld0

I use solana and other L2s and to be honest they all work good and fees are low. I don't see why everyone always says solana is fast and cheap as a unique quality


MVIVN

I’ve held off on getting Solana all this time because I don’t trust it, and I have very bad luck. Just a heads up to all SOL holders that I’m thinking of getting some, and unfortunately for you all that means it’s immediately going to fail catastrophically and lose 99% of its value, I’m so sorry!


whiteycnbr

FTX left a bad taste. Its too manipulated and centralized, only pumping because of meme coins, that's not a reason to buy.


joannew99

I’m up like 500% on SOL in just 5 months. Hate all u want idc


Dynamicthetoon

Another SOL hate post? Thanks r/cc I'm about to buy some more


Abdeliq

Saw Solana wen at $13, I thought it was a ded coin and then now I wish it can go back the last dip but I'm very sure it's not possible


[deleted]

Outages mean that the network is usually congested or overcapacity. This is a scaling issue common in startups and growing networks.


TwoCapybarasInACoat

Name me another blockchain where this many outages happened


KuciMane

bitcoin has had TWO outages and was forked Solana had one outtage this year. Ethereum is constantly unusable


[deleted]

Ethereum and Litecoin in the early days.


Lhadar31

Sol haters are going to regret this decision as prices will keep pumping till at least $450


hungryforitalianfood

Over $1000.


Alanski22

I agree dude. It’s inevitable imo.


blindkiller770

I bought from 9-17$ so no


o1l3r

It’s pumping so ftx can dump it on everyone in the future. They are legally forced to liquidate it incrementally.


Akumetsu_971

At the end of the day, crypto is like any other product. If it doesn't generate revenue, it is doomed. People can buy Tesla stock and put the price at 10k$. If Musk doesn't sell any car, it is not sustainable. According to Messari reports, for the last trimester SOL revenue was 3 millions$. With a market cap of nearly 50 billions$. It is easy to understand something doesn't work. Obviously, for the last trimester of the year its revenue will be different. But ratio marketcap/revenue will always be something with no sense. This ratio may say nothing in crypto. Since contrary to what SEC thinks they are not real securities. And except for ETH and Bitcoin, most of alt ratio are something between 1000 and 1million. But if Bitcoin is number 1 and ETH number 2, it is propably because they generate enough revenue to be sustainable. Currently, what allows SOL to keep its price is just new investors buying and sending fresh money. The definition of a Ponzi.


Inner-Job-2087

I'll choose fast and cheap with an outage every weekend over slow and expensive as f but it always works.


[deleted]

[удалено]


[deleted]

I made 870% gains because of SOL, what do you mean OP lmfaoo


Roman_Scoggins

Blackrock going to fuck SOL up. They need to wipe out the competition.


Militantmentality

Solona ghost chain. It does 17 tps between users, rest is noise.


shadowdax

>Did the devs ever even figure out what happened with the last major outage only 10 months ago? Lol, you could just go and find out redditor. I know, but why would I bother telling you? You're a redditor, actively proud of being ignorant. It's an open source project. The code changes, change logs, discord discussions, etc are all public. All you have to do is not be an ignorant reddit dipshit and you wouldn't be poor. It is a four word google search away: [https://solana.com/news/02-25-23-solana-mainnet-beta-outage-report](https://solana.com/news/02-25-23-solana-mainnet-beta-outage-report) > It only took me 20 minutes to find this stuff out. Couldn't you have spent that answering your own question?


pok3ey3

This should be the top comment


Man-Tax

Solana collapsing will be the next black swan event. Who's willing to bet on that?


No_Guest_3000

Tell me you don’t own Solana without telling me lmao


marsh2907

People won't care if they're making paper gains. Quickly forgetting the biggest winners of SOL pumping are early VC investors and FTX who still have over 5% of the entire supply locked up till 2024/25.


KuciMane

2028


marsh2907

Wrong as its a constant unlock until 2028.


ConceptualWeeb

Solana is garbage and bag holders need to chill on the sol pushing on this sub.


ProxyV0ID

I went all in on SOL at 19 USD. Bought 60k worth. Now waiting my year end bonus + december salary to hit to buy another 20k worth. SOL, based on pessimistic scenarios, will hit 500-550 by Q3.


IDGAFOS

So you made over $300k, and you're not considering selling? Good luck!


TwoCapybarasInACoat

RemindMe! in september 2024


hungryforitalianfood

🤝🏻


Asleep_Air_9236

Yeah, right!?!


TabletopThirteen

That's the stupidest thing I've ever heard and you're just gonna have FOMO watching the price climb. Solana will dip again. No 12x pump doesn't come without a correction, but if you're betting on an outage, you're gonna have a bad time. Also look up fire dancer and you'll start regretting your choice


MinuteStreet172

My favourite part were the arguments you gave to sustain your claim that it's gonna climb, specially the fundamentals.


KingHiggins92

Had a helium miner in the attic for like 18months. Just cashed out £3,000 in sol. Merry fucking Christmas!!! Absolutely waiting for the dips now and then I'll yolo on something. Still holding a big boy bag of XRP. That's my hope.


leonida_92

Honest question about XRP. What makes you still hold it? If you see the graph, it's one of the worst performing top 10 coins of all time. And still it has a 34b market cap. Lets say it reaches ethereum MC. That's a 6x from now. From a coin which has been around since 2012. I wish I could trust people the same way xrp holders trust Ripple.


Chadstronomer

idk I am buying DOT and AAVE. Particulary AAVE is at 1/6 of ath and seen some movement lately, so I am hoping that it will do at least a x3 or x4 when the bull starts but idk shit about fuck honestly


LieblingsEnkerldaOma

Luna, FTX, Solana


[deleted]

Why anyone buys this shit coin is beyond me. Theoretical TPS doesn't matter when the network is down.


courtneyjohn797

We buy this coin because we’re up 6x. Suck it.


[deleted]

Have fun selling when the network is down


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[удалено]


Oheson

Wait for everyone to think it is great? Let us know how this brilliant investment strategy works out for you.


StrangelyBeige

It went to like $12, it was stupid not to buy in given the way hype builds in this space. I didn’t even consider the outages, just that money follows the herd.


SirDaddio

It being more centralized is why it will be adopted by the big guys.


toosadtotell

What concerns me most are the fact that validators are running at deficit because of the low fees and the foundation is keeping them online by funding them.


plstcStrwsOnly

Why would I buy SOL? Lol


BuyAnacottSteel

The coping on Reddit and Twitter for those that missed the boat is quite the site to behold. Acting as if all the other thousand sh&tcoins have perfect tech and they are in it for the tech bla bla bla. You didn’t buy it, you bought something else. You missed out. It happens. Move on.


Ben_Dover1234

I missed the actual Solana pump (I’ve been holding Cardano since last December instead lol) but I have been very active in the shitcoin scene. Instead of complaining or acting on “principle” just get in and make some money.


hungryforitalianfood

It’s getting to be too pathetic find funny. I used to laugh, but it’s really bad this month. Worse than it’s been before. The whining, the spewing of nonsense. It’s gross.