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

[philipma1957]

I cashed out at 190 when it dropped from 207. I traded them for btc.

I am still mining on helium and convert it to solana. I earned around .3 solana since I cashed out the ten solana.

I will mine and stack solana for a year or so I may then cash out or hodl. it.

Perhaps you’re a strong Solana supporter and have chosen SOL to trade and accumulate for this uptrend. I think you have enough market experience to make your own investment decisions, so I’ll just present my viewpoint.

I really like Solana, especially its strong recovery when it no longer had FTX’s backing. I also have SOL on my watchlist, but if I invest in SOL or any other token in crypto market, I would always be ready to take profits in April or November 2025 as that could be the peak of the entire season. Holding is a good strategy, but cashing out at the right time to optimize profits is even better!

My mining on helium network is cheap cost.  But I stack and hold a year at a time.

I made good money cashing out when I did.

If I mine,for a year my cost is 100 usd in power I will likely  earn less than 2,coins maybe 1.7

If solana is 200 next July I will cash out.

I was lucky when I converted my mining IOT. Into Solana.

 IOT was worth more and solana was under 100. So I did well.

[bounceback]

Talking about network, I think not only with Solana network got shuts down but also other network faced shuts down such as Binance Smart Chain, Polygon and Bitcoin with block confirmation taken more longer time than usually and pay higher fees for transaction.
That problem with network not make many trader or investor won't investing their money in bitcoin or Solana coins regarding how potential for growing up in the future.
Solana still most profitable altcoin for investing right now how increasing price drastically and last lower price under $123 without few weeks success recovery and Solana break to $192.

[Hamza2424]

Its so rare nowadays, I still own and will further invest into solana.

Furthering your investment in Solana sounds like a great idea that many people are happily doing because of the way Solana has shown good signs of price movement this year.
Just this year, Solana has twice top BNB in market capitalization. That simple act means that the future is bright for Solana, it can top BNB before the end of this year, profiting its investors

TBH, we should always avoid fake marketing bubbles haha like putting up a narrative that, ohh buy SOL now otherwise you'll lose a lot as OL ETF is on the way haha you should never buy such marketing strategies, as in my view the ETF"s are limited to BTC and ETH at least in this cycle it's impossible for another ETF. TBH in SEC's view sol is still security. 

SOL is good project, its good to make an investment but after a full research, haha because our motive should be to become a good investor.

[KryptoBull]

Talking about network, I think not only with Solana network got shuts down but also other network faced shuts down such as Binance Smart Chain, Polygon and Bitcoin with block confirmation taken more longer time than usually and pay higher fees for transaction.
That problem with network not make many trader or investor won't investing their money in bitcoin or Solana coins regarding how potential for growing up in the future.
Solana still most profitable altcoin for investing right now how increasing price drastically and last lower price under $123 without few weeks success recovery and Solana break to $192.

It's true that other blockchains besides Solana have experienced issues, but not to the same severe extent. Their networks have only slowed down, fees have become significantly more expensive, or errors have occurred during user transactions, rather than completely shutting down for hours as Solana. And as you've pointed out, the prices of their native tokens have still risen as users continued to use these blockchains to generate profits, or simply because they held the tokens believing in their future price appreciation.

Despite the issues related to Solana's stability, SOL remains an attractive token for investment as it has generated enormous profits for holders in the past. With the trust of users and the vibrancy of its ecosystem, it's not difficult to imagine SOL reaching a new ATH this season.

[Madmax789]

The question of whether to invest in Solana (SOL) after repeated network outages depends on how much confidence an investor has in the network's ability to resolve these issues, as well as their personal risk tolerance. Solana has experienced multiple outages over the past few years.

[UNIVERSE]

Talking about network, I think not only with Solana network got shuts down but also other network faced shuts down such as Binance Smart Chain, Polygon and Bitcoin with block confirmation taken more longer time than usually and pay higher fees for transaction.
That problem with network not make many trader or investor won't investing their money in bitcoin or Solana coins regarding how potential for growing up in the future.
Solana still most profitable altcoin for investing right now how increasing price drastically and last lower price under $123 without few weeks success recovery and Solana break to $192.

I think it is just an issue, there is no popular networks to be shutting down. We still need all the networks because we will have the alternatives for sending crypto coins. It includes Solana network, I think it will last a long time. Regarding SOL, it already give people enough profits because it already increased quite well during this year. SOL becomes one of the most favorite coins this year, it is because many new coins are created in Solana network. FYI, currently SOL could cross $200.

[KryptoBull]

I think it is just an issue, there is no popular networks to be shutting down. We still need all the networks because we will have the alternatives for sending crypto coins. It includes Solana network, I think it will last a long time. Regarding SOL, it already give people enough profits because it already increased quite well during this year. SOL becomes one of the most favorite coins this year, it is because many new coins are created in Solana network. FYI, currently SOL could cross $200.

It's amazing to see SOL price break through 200 USD! This shows that investors still have a lot of faith in Sol and are using it regularly. They're not too worried about a few hiccups here and there. What really matters to them is Sol's speed, low fees, and popularity – it's the perfect platform for them to make a profit in this market.

With BTC hitting 80K USD, I'm really hopeful that SOL will follow suit and hit a new all-time high in the next few months. That would be a huge psychological boost and attract even more investors to Sol!

[bitterguy28]

It's amazing to see SOL price break through 200 USD! This shows that investors still have a lot of faith in Sol and are using it regularly. They're not too worried about a few hiccups here and there. What really matters to them is Sol's speed, low fees, and popularity – it's the perfect platform for them to make a profit in this market.

never really doubted solana to be honest it has always been at the forefront of development and most importantly it has created a loyal community it is the backbone of memecoins i think alongside ton now solana is one of the most popular blockchains for memecoins

With BTC hitting 80K USD, I'm really hopeful that SOL will follow suit and hit a new all-time high in the next few months. That would be a huge psychological boost and attract even more investors to Sol!

it is only a matter of time before the altcoins follow bitcoin we might see a correction first with bitcoin but let’s be optimistic in the next following weeks that it will reach $90k soon just always be prepared to take advantage of these times

[vegasus]

never really doubted solana to be honest it has always been at the forefront of development and most importantly it has created a loyal community it is the backbone of memecoins i think alongside ton now solana is one of the most popular blockchains for memecoins

This project is really crazy, indeed yesterday the price dropped drastically. but during this uptrend, the development of SOL's price is really fast, there is no doubt about this one project, especially its development that makes investors increasingly enter Solana.

not only the price has increased drastically until now it is at a rate of $ 213, but also the success of Solana overtook BNB, this is an extraordinary thing again, their competition is very tight and BNB must be more careful to be able to seize SOL's position.

[KryptoBull]

This project is really crazy, indeed yesterday the price dropped drastically. but during this uptrend, the development of SOL's price is really fast, there is no doubt about this one project, especially its development that makes investors increasingly enter Solana.

not only the price has increased drastically until now it is at a rate of $ 213, but also the success of Solana overtook BNB, this is an extraordinary thing again, their competition is very tight and BNB must be more careful to be able to seize SOL's position.

SOL has truly succeeded thanks to the large influx of capital, allowing it to recover after the FTX debacle. It has also leveraged various methods, including Web3 phones, memecoins, airdrops... to make a spectacular comeback despite once being considered an abandoned project on the verge of oblivion. Ultimately, investors still prioritize profits and are willing to accept any technological limitations and stability issues. Additionally, the Sol #DevelopmentTeam  has done a great job keeping Sol running quite well over the past few months.

The competition with Bnb will make Sol even stronger. BNB has the backing of Binance, while SOL is supported by a vast number of investment funds and a massive community. I wish both tokens success in the marketcap race!

[Azharul]

never really doubted solana to be honest it has always been at the forefront of development and most importantly it has created a loyal community it is the backbone of memecoins i think alongside ton now solana is one of the most popular blockchains for memecoins

This project is really crazy, indeed yesterday the price dropped drastically. but during this uptrend, the development of SOL's price is really fast, there is no doubt about this one project, especially its development that makes investors increasingly enter Solana.

not only the price has increased drastically until now it is at a rate of $ 213, but also the success of Solana overtook BNB, this is an extraordinary thing again, their competition is very tight and BNB must be more careful to be able to seize SOL's position.

I think that solana is one of the best profitable crypto in cryptocurrency market. But sometimes we notice some unexpected things in solana network. But i believe that within a short time solana will come back fully confidence in cryptocurrency market. If we follow in cryptocurrency market we can see that solana price is increase day by day. Because we also know that bitcoin price is high level in this time. So we also believe that within a short time solana achieve recovery the process in cryptocurrency market.

[gunhell16]

never really doubted solana to be honest it has always been at the forefront of development and most importantly it has created a loyal community it is the backbone of memecoins i think alongside ton now solana is one of the most popular blockchains for memecoins

This project is really crazy, indeed yesterday the price dropped drastically. but during this uptrend, the development of SOL's price is really fast, there is no doubt about this one project, especially its development that makes investors increasingly enter Solana.

not only the price has increased drastically until now it is at a rate of $ 213, but also the success of Solana overtook BNB, this is an extraordinary thing again, their competition is very tight and BNB must be more careful to be able to seize SOL's position.

That's why this Solana is one of my choices, which is a good work of dca little by little because it also goes along with the rally when there is an increase in value in bitcoin; if you really observe it, it will also go along with the rise, and you don't want to be left behind.

So even until now I am saving it; as long as I have the opportunity to save it, I actually do it to buy, because I also have a goal of when I want to sell it,
and once that even

[rdluffy]

SOL has truly succeeded thanks to the large influx of capital, allowing it to recover after the FTX debacle. It has also leveraged various methods, including Web3 phones, memecoins, airdrops... to make a spectacular comeback despite once being considered an abandoned project on the verge of oblivion. Ultimately, investors still prioritize profits and are willing to accept any technological limitations and stability issues. Additionally, the Sol #DevelopmentTeam  has done a great job keeping Sol running quite well over the past few months.

The competition with Bnb will make Sol even stronger. BNB has the backing of Binance, while SOL is supported by a vast number of investment funds and a massive community. I wish both tokens success in the marketcap race!

Another thing I'd like to add is the fees, that are cheap, and of course cheaper than ETH
The combination of cheap fees, fast network and memecoins has attracted a lot of money from new crypto users
That's very cool to see and note

Unfortunately, ETH is a bit scary for those new to the crypto world or those starting out with little money, as paying more than 5 dollars for a contract, or 10 at peak times, doesn't make much sense, so SOL looks good to be an entry point for newcomers

[KryptoBull]

Another thing I'd like to add is the fees, that are cheap, and of course cheaper than ETH
The combination of cheap fees, fast network and memecoins has attracted a lot of money from new crypto users
That's very cool to see and note

Unfortunately, ETH is a bit scary for those new to the crypto world or those starting out with little money, as paying more than 5 dollars for a contract, or 10 at peak times, doesn't make much sense, so SOL looks good to be an entry point for newcomers

Sol has proven its superiority over Ether in terms of high speed and low fees in the previous season. This is precisely why many users have come to experience and stay in the Sol ecosystem, they save on transaction fees and can purchase thousands of meme-tokens with the money saved.

The only issue with Sol is its instability, and sometimes the network will go down if there are too many users at once or if an infinite loop error occurs. However, investors are often easily satisfied as long as they are profitable. They are willing to accept this instability to invest and profit from SOL and many other tokens in this ecosystem

[rdluffy]

...

Sol has proven its superiority over Ether in terms of high speed and low fees in the previous season. This is precisely why many users have come to experience and stay in the Sol ecosystem, they save on transaction fees and can purchase thousands of meme-tokens with the money saved.

The only issue with Sol is its instability, and sometimes the network will go down if there are too many users at once or if an infinite loop error occurs. However, investors are often easily satisfied as long as they are profitable. They are willing to accept this instability to invest and profit from SOL and many other tokens in this ecosystem

Just yesterday I was doing some operations and positioning myself for some Defi protocols, I had to do at least 10 to 15 transactions on SOL's network
3 times the transaction failed, which hardly ever happens on the ETH network, but I waited about 10 seconds and tried again and it worked
That's the price you pay for cheaper transactions in SOL

If I made these 10 transactions on the ETH network I would have spent at least 30 dollars (contracts and swaps) and on SOL I spent around 3 dollars max