Solana network shuts down, will you still invest in SOL?

[KryptoBull]

Recently, the Solana network experienced its 11^th outage in the past 2 years, causing a stir in the crypto community. This network outage lasted nearly 5 hours, raising concerns about the stability of Solana blockchain platform^[1].

However, contrary to my prediction, investor confidence in the SOL token still does not seem to be affected too much. Even many of my friends are still looking for investment opportunities in SOL with the expectation that this currency will continue to grow in the new growth cycle.

I tried thinking of a few reasons why investors are still optimistic about SOL:

• Potential technology: despite many downtimes, Solana is very fast ~ 65k tps^[2]. Technology is a powerful tool for marketing.
• Diverse ecosystem: Solana has many dApps in most fields of DeFi, NFT, GameFi, so it attracts many users^[3]. Transaction fees on Solana are very low so everyone can participate and use the network easily.
• Support from large investors: Solana is backed by many large investment funds, Solana's brand is guaranteed^[4].
• SOL price is at a low zone compared to the old ATH of 256 USD.

It's easy to understand that with strong reasons like these, investors will continue to trust and invest in SOL tokens, despite the network's uncertain quality. I'm really interested in the optimistic sentiment of investors in the crypto market: crypto operates on the blockchain, but even though the blockchain has problems, token prices continue to grow.

If you are SOL token investore, I'd like to know your views on Solana and SOL:

• Did the Solana incident impact your decision to invest in SOL?
• Are you really bothered by the failure of the Solana blockchain?
• Do you believe that in the uptrend in 2025, the SOL token price will still grow and will not be negatively impacted by Solana blockchain outages?

References:
[1] Solana outage was caused by infinite loop bug previously seen on devnet
[2] Solana (SOL): Scaling Crypto to the Masses
[3] Solana ecosystem
[4] Dealroom: Solana
Note:

• My opinion was posted first in that topic, on Bitcointalk
• I leave the source link to avoid plagiarism accusation.
• I excluded/ included minor things from an original thread ^{if necessary}.

[MrSpasybo]

If you are SOL token investore, I'd like to know your views on Solana and SOL:

• Did the Solana incident impact your decision to invest in SOL?
• Are you really bothered by the failure of the Solana blockchain?
• Do you believe that in the uptrend in 2025, the SOL token price will still grow and will not be negatively impacted by Solana blockchain outages?

Unfortunately, I didn't invest in SOL so I have no opinion. However, when the market recovers and SOL token price increases, any negative effects will be minimized or ignored, while positive news will be pumped in, making the market more exciting.

In the next cycle, if SOL continues to increase well, I can also consider investing in SOL or tokens in the Solana ecosystem despite the risk of shutdown. I often buy tokens on CEX so I'm not afraid of having network problems like on-chain users on Solana.

From cash flow and ecosystem development, I believe that SOL will continue to grow and create a new ATH in the upcoming cycle in the $500 zone.

[JISAN]

The amount of market that Solana is occupying is increasing the confidence of investors in sol day by day. When sol was listed it cost a few cents but now it is $109 and its price is increasing day by day. Seeing these, many have started to think it is the 2nd ETH. Most of those who invest in sol are not afraid to invest here. They happily invest with a lot of confidence. So I think those who like sol will not panic and stop investing and holding even if sol network is shuts down.

But I personally always focus more on Bitcoin and ETH because I have the most confidence in them.  and SOL is an alternative to ETH for mine

[philipma1957]

I am invested in Solona and will continue to invest in it.

[rdluffy]

I am invested in Solona and will continue to invest in it.

I didn't know you were a Solana investor philipma1957
I thought you only had BTC, DOGE and a few other minable coins, from what I read of your posts 


In my opinion, SOL has been going strong even with this recent outage
The network had been running smoothly for almost a year, so this isolated problem is not so much to worry about

You have to remember that SOL survived all those FTX problems, I myself thought that the coin would be worth less than 10 dollars and people would lose interest. Look how much stuff is running on SOLANA today

[Mr. Magkaisa]

   -  There is no denying that recently what is happening in SOL has been very good when it comes to the development it is doing, which, from what I have seen, is one of the reasons why the interest of most investors in holding it has increased. Although, for now, I don't have a hold of it because maybe I'm not a fan of Solana.

But I'm still thinking that there is no final decision for now, and that's because it's not my priority right now; instead, I'm prioritizing other cryptos than this one in SOL. So I can't answer the OP's question here. Perhaps among the fanatics of SOL, they will still stay here for sure because of the high positive belief here.

[philipma1957]

I just converted my hotspot IOT into another Solana so I now hold twice as many solana as I did yesterday. Looking forward to see it go way up. 🆙

[bitterguy28]

Luckily that I have gathered my prize  in investing in Solana so from here ? I may say safely that I did my best and now not making any hard decision as i have been reading this Solana issues for some years now .
and this brings most investors and potential investors having second though as this is not as safe having this shutting down for 11 times now? if this happens when i still have my Sol am sure there will be panicking that happens.

[Metha Wulandarin]

I will continue to be with Solana and I am not surprised if there is an incident like this because incidents like this do not only happen once or twice even often in 2021 the Solana network also experienced a shutdown due to the surge in transactions and the community that entered the Solana network was too much because in 2021 Solana experienced a very high hype as evidenced by the increase in the price of soles to $ 250 so incidents like this do not make me surprised and do not in the least reduce my interest in Solana.

[aiviaa485]

If you are SOL token investore, I'd like to know your views on Solana and SOL:

• Did the Solana incident impact your decision to invest in SOL?
• Are you really bothered by the failure of the Solana blockchain?
• Do you believe that in the uptrend in 2025, the SOL token price will still grow and will not be negatively impacted by Solana blockchain outages?

I am not an investor in Solana coin so I will not support or not support Solana coin, just neutral for me for Solana coin.

But this story reminds me of coins that can be manipulated by someone because the Solana coin's blockchain can be turned off just like that, and if I read correctly the blockchain's shutdown is around 5 hours, right?
This seems dangerous for investors because the Solana coin is like a centralized coin, it can be turned off and on by Anatoly Yakovenko.
Does anyone feel the same as me??

[philipma1957]

If you are SOL token investore, I'd like to know your views on Solana and SOL:

• Did the Solana incident impact your decision to invest in SOL?
• Are you really bothered by the failure of the Solana blockchain?
• Do you believe that in the uptrend in 2025, the SOL token price will still grow and will not be negatively impacted by Solana blockchain outages?

I am not an investor in Solana coin so I will not support or not support Solana coin, just neutral for me for Solana coin.

But this story reminds me of coins that can be manipulated by someone because the Solana coin's blockchain can be turned off just like that, and if I read correctly the blockchain's shutdown is around 5 hours, right?
This seems dangerous for investors because the Solana coin is like a centralized coin, it can be turned off and on by Anatoly Yakovenko.
Does anyone feel the same as me??

Good point if there are no independent nodes then it can be run from only one server.   The real key is how many nodes and servers are running and can one guy term them off .

[Wiseman]

I agree with the author that such moments should tell us that someone can be very radical about investing in SOL and withdraw from it, especially if it will be some large funds, if now it has already become everyone's concern, what will happen when or if it will happen further? I think it is worth thinking about how much to invest in this project.

[Doctor]

~
But I personally always focus more on Bitcoin and ETH because I have the most confidence in them.  and SOL is an alternative to ETH for mine

Me too, Bitcoin and Ethereum are my priority coins and I invested in huge amount. For others  such as Solana, BNB, XRP, DOT, LINK, MATIC are just alternate choice, and In small amount.
Bitcoin shows good movement now, and I believe we will see altcoin season soon.

[Crwth]

~
But I personally always focus more on Bitcoin and ETH because I have the most confidence in them.  and SOL is an alternative to ETH for mine

Me too, Bitcoin and Ethereum are my priority coins and I invested in huge amount. For others  such as Solana, BNB, XRP, DOT, LINK, MATIC are just alternate choice, and In small amount.
Bitcoin shows good movement now, and I believe we will see altcoin season soon.

Isn't all the altcoins tied with the move with BTC? Almost all of the coins are up because of the move of BTC. Are we waiting for just the altcoins? I think Solana could be one of it when it comes to having those pumps and hopefully no dumps because of the traction it has to the coins on the SOL chain. I heard like JUP is a big thing with the DEX and stuff.

[Metha Wulandarin]

I agree with the author that such moments should tell us that someone can be very radical about investing in SOL and withdraw from it, especially if it will be some large funds, if now it has already become everyone's concern, what will happen when or if it will happen further? I think it is worth thinking about how much to invest in this project.

Before we think about it, maybe there are already people who think like that before, for example, developers who build projects on the Solana network, but in my opinion, on the contrary, many projects continue to come to join Solana, but back to the mindset because everyone has a different mindset.