SOL

R100K-Martin-Lunger

Definitely start with BTC as a newbie and go in with the intention of HODLing. Do not worry and panic-sell at the first sign of a dip. Highs and lows are part of the crypto world, but BTC's highly valuable and does bounce back with exceptional growth each time. Then I would suggest that you check SOL and ETH and then expand your portfolio to include other valuable coins. You can check this list for promising and established crypto at the moment and also find other general tips for newbie investors: [https://r100k.com/blog/most-profitable-cryptocurrencies-2024](https://r100k.com/blog/most-profitable-cryptocurrencies-2024)

Croissantify

I’m all in, aped over 200 SOL Checks all my boxes: ✅ scalable globally recognizable meme ✅ cult like community, super loud on twitter ✅ cat narrative rn w/ success of Michi Popcat & Mew This is the obvious play in crypto rn, the cope will be astronomical https://i.redd.it/w1fkfx9jo80d1.gif

_TheWolfOfWalmart_

There's a higher chance of SOL flipping ETH than ETH flipping BTC.

ActualSherbert8050

The only thing keeping SOL from taking the number 2 slot is the investment and work already put into ETH.

danielbilinovich

Check out BASED/SOL on DEX Screener! https://dexscreener.com/solana/7rhUbTbunhohLoxQs1powsr7hs4jKJVbuwgb3erzZ6HH

tilac

Phantom is a hot wallet and I have an extension for it in Chrome. If you had a Ledger you can connect it to Phantom and most other browser based wallets. I have lots of wallets connected to my Ledger device. The reason I mentioned Solana is that fees are about penny and there's lots going on there currently. So yeah, you'd lose money but it would be a penny each time which is a reasonable amount to spend on education. You have a couple types of exchanges, centralized (Binance, Coinbase) and decentralized (Uniswap on Ethereum or Jupiter on Solana) [https://app.uniswap.org/swap](https://app.uniswap.org/swap) [https://jup.ag/swap](https://jup.ag/swap) It's not so black and white but think of centralized as being owned by a company and decentralized owned by nobody. Someone will cry about that explanation but try to think of it that way in basic terms. Anyhow it's cheap to transact on Solana so you can swap your SOL into USDC, or a crazy meme coin, or Chainlink, or whatever else they offer on it cheaply. Learn how to do it, see what happens after you do, and how long it takes for all that to happen. [@TradersMastery](https://twitter.com/TradersMastery) [@MatthewHyland\_](https://twitter.com/MatthewHyland_) [@DaanCrypto](https://twitter.com/DaanCrypto) u/rektcapital ...are a few that I follow on Twitter that are more general crypto analysis and almost never shill junk. I also follow projects that I'm in. If I buy some Polkadot, I'll follow them.

Chalikta

ADA is a shit coin=>you cannot change my opinion. BTC =40% ETH=20% SOL=20% any meme coin=20% (Duko, Bonk and other meme coin check the marketcap and twitter activity and decide what to buy)

tika_dengu

I have 0.2 SOL left in my wallet and I want to become a wholecoiner before the bull run? Is Hege any good for a 5x?

lostparanoia

If you don't want to do the research for individual coins and instead want an index-like portfolio allocation you could allocate your assets to the top 5 or top 10 coins (excluding stablecoins like Tether and USDC) weighted by market cap. Right now that would look something like this for the top 5: BTC = 59,3% ETH = 28,8% BNB = 4,8% SOL = 4,8% XRP = 2,3% I would recommend putting the majority of your assets in the big 2 regardless, and very little into other coins, as the risk is enormous in the smaller coins.

tilac

Been in the space since October 2020. Not long, but long enough to learn a few things. Get some BTC and ETH. Any is better than zero. They will be the rudder that steers your ship during stormy seas. Get some Solana and Phantom wallet. All you need is $10 worth of SOL really. You can play around on Solana where transactions are a penny and swap it around on a DEX or fool around with DeFi. See how to add to an LP. It's a cheap place to learn how to do this stuff. Join Twitter or make an alt account for just crypto. Start following some crypto people. If they shill some crappy meme coin more than a few times a year, unfollow. You'll soon have a decent list talking about the macro environment (bigger picture) and technical analysis (TA) so you can see for yourself where the market is leaning or trending. A high follower count does not equal high quality. You find people that make sense to you because we are all on a different path. Watch some youtube videos. If they have a Top 10 Coins to 1000x video unfollow them. I can let this slide a few times if the rest of their videos include good information. Gotta get clicks somehow. Some youtubers run down the daily news in the first 10 minutes and often that's all you need to stay on top of what's going on. This sub is good during the quiet times such as now but not a lot of info being spread around. It becomes a shill zone when the market heats up and becomes almost useless. Delete any DM you get on Reddit, Twitter, email, or anywhere else. They don't want to help you, they are looking for people like you to scam. Double check links posted anywhere before you click them. You can Google it yourself or go to the official Twitter account and find a link in the bio. Buy and Hold. It's okay to sell it for something else or convert to cash. Avoid leverage trading for a while and probably forever. Good luck!

throwawayAFwTS

Multiple big companies have tested hundreds of chains, SOL isn’t special, cry all you want bud but banks of all things aren’t going to adopt SOL, specifically due to its unreliability and multiple failed transactions, imagine how bad of a UX that would be if a bank adopts it and its users has failed transactions often. They would lose business, SOL is just a meme chain and that’s all it would be, it has no serious use case

throwawayAFwTS

Solana ain’t going to do sh1t why would banks pick a chain that had one of the worst uptimes and reliability. They probably touched it once and saw how bad it was, reliability is one of the top priorities for banks, if it’s not reliable and has tons of downtime then wtf is the point of blockchain, might as well stick to the Mon-Friday banks since SOL will be down or have tons of failed transactions when moving money around.

Low_Search2050

I have never done a presale and decided to buy this one. I sent SOL to the listed address directly from Coinbase exchange. Did I mess up? Was I supposed to send it from a SOL Wallet?

Low_Search2050

I have never done a presale and decided to buy this one. I sent SOL to the listed address directly from Coinbase exchange. Did I mess up? Was I supposed to send it from a SOL Wallet?

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by a deleted user. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

AlgoJelle

$GRIME on SOL is probably the most solid memecoin I have invested in. Good vibes in their discords, frequent airdrops and giveaways (rumble royale battles), memes, ... they're still slowly building up the community but they're going to start up some marketing in the near future once the website and dex liquidity pools are in order. New holders every day. Mascot is a grimey toad/frog lmao and it's also an AI chatbot in their discord. Check them out! LFGrime!

Wild_Airport_5632

“These seem pretty dead, so was wondering if itd be a good idea to sell and reinvest into other coins (BTC, ETC and some alts)” “What would you do, would you sell them and reinvest”? Dawg you asked what people would do I answered. I’d buy BTC & SOL.

EfKayFFM

You should check out @KittenWif_SOL Still under 5 mil. MCap and sitting on a hefty 3 mil. liquidity. Chart also looking super healthy and ready to break out 🔥

EfKayFFM

I'm sure that $LOS will make its way, sounds like a legit project. But if you're looking for a coin with huge potential, check out KittenWifHat on SOL (kittenwifhat.xzy)

EfKayFFM

I'm sure that $buni will make its way, sounds like a legit project. But if you're looking for a coin with huge potential, check out KittenWifHat on SOL (kittenwifhat.xzy)

EfKayFFM

I'm sure that POWSCHE will make its way, sounds like a legit project. But if you're looking for a coin with huge potential, check out KittenWifHat on SOL (kittenwifhat.xzy)

EfKayFFM

I'm sure that Scream will make its way, sounds like a legit project. But if you're looking for a coin with huge potential, check out KittenWifHat on SOL (kittenwifhat.xzy)

EfKayFFM

I'm sure that TUVALU will make its way, sounds like a legit project. But if you're looking for a coin with huge potential, check out KittenWifHat on SOL (kittenwifhat.xzy)

G0DL33

Depends on your investment time horizon, what are your goals for investing in crypto? After you answer these you can work out how far down the risk reward ladder you want to go. BTC, ETH are going to be good, simple places to start but already have large market caps, they won't make you wealthy, AVAX, SOL, DOT, MATIC will probably have higher returns, but they also might not. Then you can go further down again into narrative plays or meme coins. These are where the fortunes are made. However the reason why someone makes millions is because people with no idea put their money in and lose it. This is not the sort of space where you can put your money in and forget about it. You need to keep up with the space, continually educate yourself, or you might as well throw your money out on the street.

ByteJumper7

I'm probably going to end up converting half of mine into BTC. Then look for some alts to research. So far im thinking SOL, ADA, Poly, matic, and ATOM

Ok-Western-5799

Good projects are based on their fundamentals. Go to Twitter, Medium, or crypto related sites to get started with crypto. Helium, QANX, and perhaps SOL are good projects to invest in at the moment while you can also look into SUPRA launch alongside new BTC L2 projects.

Duncle_Rico

By remaining anonymous, Satoshi protected his personal privacy and reduced the risk of being targeted by hackers, criminals, or government authorities. Bitcoin was designed to be decentralized and resistant to censorship, and Nakamoto's anonymity helped maintain that You can look at the open source code to determine if theres a back door for Satoshi, there isnt. He can't change a thing, even if he wanted to without going through the same governance and miner hash approval everyone else has to go through. SOL is a much more blury picture and has a history of centralization, heavy association with FTX, Alameda Research and Sam Bankman Fried, and is only even being talked about because of BONK and other meme coins this cycle propping up it's activity numbers and user base.

Briccy10

🚨 #LOS listing on MEXC May 12th 14:00 UTC! 🔥 Huge influx expected! Doxxed/KYCd team, massive marketing, trending everywhere! YOU'RE EARLY! 💍 #SOL ➡️ MEXC: https://www.mexc.com/support/articles/17827791515906 ➡️ TG: https://t.me/lordoflos ➡️ Twitter: https://x.com/lordoflos ➡️ Website: lordoflos.vip

mossyskeleton

See the thing is, it's exactly these kind of coins that blow up in a bull market. I'm holding SOL for this one, selling hopefully near the top, and probably never buying back in. I do think it is the blue chip alt this cycle like it or not.

HSuke

Their validator hardware are $10-20k a year to maintain. It's the vote transactions they send that cost even more. About 1 SOL a day or $50-100k per year. No other network requires on-chain votes with transaction fees. It's Sol inefficient.

HSuke

Besides the high hardware requirements that usually cost $10k a year, there validators also have to pay to maintain their status of about 1-2 SOL per day. There another $50-100k.

hungryforitalianfood

I didn’t claim it’s feasible. I used a dramatic example to explain how improbable the idea of SOL following the path of EOS is. Have you ever heard the phrase “when pigs fly”? No one thinks pigs are going to start flying, you fucking genius.

hungryforitalianfood

Learn to read. I didn’t say it will. I said there’s a better chance of that happening than of SOL being the next EOS. Honestly, there are some incredibly slow people in this subreddit.

elborracho420

Delusional if you think SOL will pass ETH 🤣

hungryforitalianfood

This is silly. Even if it does fail eventually, SOL won’t fail this cycle. But as of right now, I’d say there’s a better chance of SOL passing ETH than there is of SOL falling to irrelevance like EOS or NEO. Honestly, that comparison is a little dumb. Besides, anyone with a working brain knew NEO and EOS were shitcoins. In even 2017, it was obvious. No one ever built on NEO, the “Ethereum of China” lol. EOS was the real joke though, raising money a million times and delivering nothing. Solana has nothing in common with those two, and very little in common with TRX or Cardano. It’s outperformed everything this cycle, and it probably flirts with $1000 bear the cycle top. Could it become irrelevant in the bear? I mean, yeah it’s possible. But I doubt it. Tron and ADA are a slightly different story. They’re dead as far as narrative goes, but the market cap isn’t.

Extra-Dentist-3878

BTC(maybe ETH and SOL) is for long term The rest is for trading. So I advise buy $1900 BTC and $100 shitcoins to play with

hungryforitalianfood

Don’t waste your time. I was being unanimously downvoted when I told this sub to buy SOL at $10 all the way up to $100. They don’t get it.

hungryforitalianfood

Almost everyone new to crypto knows about Solana. Most of them will buy SOL and use Solana during their first week in crypto. None of them have ever heard of ALGO. Give it up, it’s not happening. You backed the wrong horse.

yankeeedooodle

1. lose 0.2 SOL with flipping shitcoins 2. buy 1 SOL with your paycheck Thank me later

Duncle_Rico

>im doing this to show you that listing Eth Sol & BNB current marketcaps means jack shit as an argument to what I stated >‘this is why solana took over’ it is performing the same as ethereum in terms of growth by marketcap, flipping many of ethereums daily/weekly metrics more often, & the UX on solana is simply just better lol with this logic, a random shitcoin that went from $0.000001 to $0.000500 with a 10 dollar market cap out performs all of them combined and has 'taken over'. Let's look at which ecosystem is the largest? Surely if SOL took over it would be used more and have more value, right? Ethereum Total value within ecosystem $51,918,033,320 24hour trading volume $1,130,911,423 BNB Smartchain Total value within ecosystem $6,097,157,601 24hour trading volume $717,404,191 Solana Total value within ecosystem $4,020,035,748 24hour trading volume $1,065,780,565 Both of these chains are pipsqueaks in comparison to Ethereum still.

Kopikoblack

Once regulation cracks down on meme coins and SOL seems to be treated as a security, I think most of the things inside SOL are just money laundering.

1nseminator

Im planning to put some on SOL, should I dump the idea?

ultron290196

ETH will run when SOL malfunctions

Logical_Lemming

Yes, my understanding is that it can cost up to 1.1 SOL/day in transaction fees to run a validator. Any small validator needs to be heavily subsidized by a large SOL delegation from the Solana foundation in order to be profitable. This proposal sounds like a good way to start alleviating that problem and make the network more decentralized.

Duncle_Rico

>That’s why BNB & Solana took over. ETH - $348B Market Cap BNB - $86B Market Cap SOL - $65B Market Cap The **only** reason Solana saw a sharp increase early this cycle is because of worthless meme coins being shilled all over the internet. BNB & SOL *Taking over* is a laughable statement *at best.*

majani

My read as well. I think if you want over 10x returns this cycle, you will have to take a risk on some combination of a meme coin and SOL. BTC and ETH will not 10x from the lows of last year

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by Nostalg33k. > # Solana: A tale of broken trust and VCs > > Solana, an infamous name living as the shadow of it former self [Currently hovering at a price a bit higher than 10% of the ATH](https://coinmarketcap.com/currencies/solana/) which is a shame for any investor. In this small analysis we are going to discuss why Solana is a failure on multiple fronts. From Security, to stability. Let's delve into Solana. > > ​ > > # From outages to outrages > > Solana has been transformed into a laughingstock by the repeating outages the network has known. While it is claimed that [Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.](https://Solana.com) The Solana network has suffered [6 outages in the month of January](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) Stability has not been the strong suit of the network. This has sparked outrage against the network but ALSO against some exchanges because these outages are leading big dumps on the markets: [When speculator sell and lead to a 12 % dump](https://www.cnbc.com/2022/06/01/solana-suffered-its-second-outage-in-a-month-sending-price-plunging.html) the most dedicated investor are left holding their bags on the blockchain. > > Every discussion about Solana as an investment should discuss the possibility of outages and swings. > > # The Main Use case is Bullshit > > The main use case for Solana is to sell useless no common sense NFTs. While there are good use case for NFT technology, art and music nfts as they exist are just a passing fad and will need to evolve or disappear. Being a place linked mainly with this technology is very risky and shows a devotion to speculation and not to common sense use cases. > > ​ > > ​ > > # Security: Hacks, hacks, hacks and VCs > > The Solana ecosystem has known a lot of failures. The fact is that value is on the ETH side of the crypto ecosystem so bridges are required. When the Wormhole bridge saw a hack leading to 120000 ETH being minted out of the bridge leading to a loss which would be currently valued at 160 Millions. > > When this happened Jump Crypto, a subsidiary from Jump Capital, found 320 Millions to buy ETH and replace the missing funds. This allows us to understand two possibilities. > > 1) Jump Crypto did this from the kindness of their heart > > 2) Jump Crypto did this because they are heavily invested in Solana and control a large part of the SOL moving around. > > Now this may be speculation BUT recently Jump Crypto was said to be working to overhaul the open source SOL protocol for nodes. This leads to doubt about the legitimacy of the Solana Fundation and who controls the project. > > [https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/](https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/) > > [https://thedefiant.io/jump-crypto-solana-overhaul](https://thedefiant.io/jump-crypto-solana-overhaul) > > [https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/) > > ​ > > # Conclusion: A lacking use case, a profit motive from VCs and a past of lacking security and stability must lead you to high caution. > > VCs are here to make money and they must be holding bags of Solana. If you buy some SOL you are putting yourself into their games and are now dancing with them. While NFT is the future for so many reasons (intellectual property, administration and so much more) the current use case are laughable and security will be at the forefront of gouvernements or IP management companies sending patents through your blockchain. > > Being seen as an Eth killer, Solana is far from making the cut. I'd advise extreme caution. Please don't get burn't by this project. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

CointestMod

#Solana Pro-Arguments Below is a Solana pro-argument written by a deleted user. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Altruistic-Craft21

Slowly filling my $HEGE bag. Wish I could load up on this dip but out of SOL 😭

Mountain-Bar-2878

Ada won’t get over 1.50. Their number of daily active users and daily transaction fees are extremely low. These are much better indicators of how a coin is doing than development activity. Out of those coins you listed, SOL and maybe ETH will still do well this cycle, the others will go up a little but not nearly as much. Vast majority of coins from previous cycles don’t hit new all time highs, that’s a fact of crypto.

HSuke

> also no congestion nor network shutdowns like SOL Can't be Solana without the shutdowns

XRP_SPARTAN

Most coins are significantly down from their ATH. Only 4 tokens have broken the ATH or got extremely close: BTC, ETH, BNB, SOL. Liquidity always flows into the large caps first, then the rest of the market. Altcoins have always lagged. But once Bitcoin begins to top out, all the liquidity flows into altcoins. The altcoins with high development activity all performed very well last cycle: ADA, ETH, AVAX, SOL, DOT. Once alt season comes, all these coins will fly!

BoAndJack

This usually means further dumps are incoming. I've always based my selling strategy on alts going up while BTC stagnates/goes down. I've sold most of my stash in March after BTC started stagnating over 70k and SOL and various alts were doing 10% every day. This strategy has rarely disappointed me. I might be wrong but alts holding while BTC dumps has always been a negative sign for me.

lukekibs

Yeah ngl that new SOL proposal scares the shit outta me and I don’t even hold that much ..

PotentialBicycle7

The general rule of CB is it works great until you have any issues... then your completely SOL because their "support" is utterly useless.

BradVet

They’re paying people back in FIAT based on what they had on the exchange at the time. If they had to pay back in tokens they wouldn’t have close to enough. SOL has nearly 10x since when it collapsed.

jwz9904

suddenly all ADA wants to be is a SOL price action.

CleazyCatalystAD

That’s what everyone here was saying when SOL was trading at $8. Always do the opposite of consensus here.

noviwu97

Yeah FTX already sold almost all of their SOL. They started selling at $40 all the way to $70-80.

noviwu97

Next time learn to read beyond the headline, especially if it's a news that's related to you. Your BTC is priced at like 18k-20k, SOL at $18. Fortunately some alts like MATIC performed so terrible that current price is lower than during FTX collapse, so you'll get more.

TexasBoyz-713

Not gonna lie, sold my ATOM for SOL/FET/STX earlier this year, no regrets. It also wasn’t a large portion of my folio either, as I am mainly bitcoin as well

Still_Lobster_8428

I had high hopes that crypto was going to lead to that change.... Now with ETFs, the SEC moves and the likes of Blackrock becoming involved, all I see is caputure and the status quo being enforced further but now with the last bit of personal sovereignty removed, fiat!  Once ALL transactions are moved onto blockchain (CBDC's) it's the final brick in their control wall. No person will then buy or sell anything without the state being able to monitor and control that transaction. Then it's just a matter of time before we get a version of social credit scores..... and we are all fucked!  Just wait and watch them mandate that EVERY crypto transaction MUST be carried out using their CBDC as tge carry trade so everything is tracked!  You want to buy SOL with BTC, CEX's and DEX's will be required to track your wallets and the trade will go BTC - CBDC - SOL.  These criminals won't be able to help themselves but to enforce such granular tracking!  Sure, there will be some blackmarket options, because governments themselves need the avenues to conduct operations they don't want the public to know about,  but access to those will be limited to the small number who take tge time to educate themselves on how to access them safely.... but the majority of people will be 100% tracked all of their lives.  1 thing the status quo has ALWAYS been able to count on is human greed! We will literally sell ourselves out for the hope we will get rich from it! 

reversenotation

You can afford to take a risk with a 95% BTC portfolio. Not shilling anything whatsoever but between those 2, SOL seems more promising

True-Reporter-1776

https://jup.ag/swap/SOL-DEhDXhtUFuz6Uodhde3rznGbVbdiECahp1kTHnFpsna3

nthgen

$ATOM is 4% of my portfolio. $SOL is 0.33% of my portfolio. Bitcoin is the rest. I have no feelings towards Atom or Sol, they just exist to help me acquire more Bitcoin. That being said, should I drop atom for more Sol? I'm about 2.5x in profit on atom, but only 25% in profit on Sol. Obviously selling one for another would cause a tax event, so I'm not going to trade just for shits and giggles. Any ideas? While I'm only talking about 5% of my portfolio, it's still a significant amount of capital to be potentially redeployed.

Pimpwerx

Good. I want my $5 back. I think I still had $5 of SOL left in there when they closed the doors.

Hitchie_Rawtin

Allows cheap multichain interoperability without a custodial bridge - it's a smart contract in control of an address on the other chain - (BTC, ETH both implemented SOL on testnet right now, ERC20s being tested), can act as an extra security layer for dapps interacting with other chains using its Internet Identity (secured via biometrics), inhibits tracking across the internet because each new dapp account gets its own new address anchored to your principal ID but obfuscated on the dapp side, allows websites to be built with no need for a firewalls because the site is inside a smart contracts, removes risk of ransomware attacks and DNS spoofing attacks due to each node hosting a site needing to be hacked all at once in under 1 second and every move after that also having to be finalised across those nodes in the same timeframe, can act as an oracle because of HTTPS outcalls, doesn't require users to spend money to use dapps due to a reverse gas model where the devs who own the site pay, can host data so now people don't need to hope that their NFT receipt will continue to pint to a website that might not exist in weeks, months or years to come - ingress is a bit more expensive but egress is much cheaper than AWS so user generated video sites will be useless until they find a way to reduce that cost but anything with static content will be far cheaper to run, can run AI within smart contracts and has a partnership with Singularity which I presume will transfer over to the new agreement between Singularity, Fetch and Ocean where they're joining forces to share research/data. If you do want to transact across the IC yourself rather than within a dev-funded dapp then costs are about $0.006, sub-cent. That's just off the top of my head, there might be more. Ignore anybody who says it's a "killer" of other chains, it's designed to augment every other chain.

Specsthinker

Hey everyone, greetings from the Yeat Fam! As one of the early presalers, I'm thrilled to extend a warm invitation to explore our community. Now, I get it, some may raise an eyebrow and think, "Here comes another shiller looking for quick gains." But hold up! Our dev team has taken proactive steps by implementing a maximum 1% contribution limit, ensuring the safety of your investments alongside our diamond-handed community. Need more convincing? Let me sweeten the deal. Presalers receive exclusive whitelist privileges for future projects with the team – a token of appreciation and a shield against jeeters among us looking to dump on your upcoming investment. But wait, there's more to fuel your FOMO! On launch day, our devs have been in talks with top marketing experts, priming us for #1 trending status on Dexscreener and securing Reddit trends. Check out our full marketing plan for the first hour of launch: * 100% LP Burn 🔥 * DexScreener Update + Ads 📈 * DexTools Update 🛠️ * MoonTok listing 🌙 * Double SOL Trending 📈📈 * Big Giveaways 🎁 * Airdrops \[check out X\] 💰 * 30+ free listings on marketplaces 🌐 * Daily raiding events ⚔️ With a remarkable 50x on their last project, the team has convinced me to stay for the long run. They've meticulously prepared the marketing plan, and I can't wait to see you all onboard soon. Ciao! 🚀

BoAndJack

Yeah my entire portfolio was carried by SOL. Had only alts. Rest I sold in the red. Given that in the bear I only bought Sol I really lucked out. I'm never going to buy old altcoins again

BetterArachnid462

SOL will flip ETH

WhoReplies

Mad? Enjoy your SOL losses

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by a deleted user. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

CointestMod

#Solana Pro-Arguments Below is a Solana pro-argument written by a deleted user. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

mahiyet

Selling out 45 SOL in one day on a presale coin is EXTREMELY bullish, shows the capabilities of this coin. Unbelievable really. Been in the group a few days and it’s a great community. Can’t wait for the launch. I’m gassed

NecessaryNo1764

Hello Dev and the entire community, This is truly an exciting moment! The energy and dedication you all have shown is absolutely inspiring. 🌟 Selling out the 90 SOL presale is no small feat, and it’s a testament to the hard work, transparency, and commitment of everyone involved, especially the DEVs. Your previous experience and the lessons learned are clearly paying off, and it’s amazing to see this growth and progress. 🚀 The upcoming launch sounds thrilling! The comprehensive marketing plan, the giveaways, the airdrops, and the daily events - it all points to a vibrant and active community that’s ready to take $YEAT to new heights.

purplecowz

calling everything but BTC, ETH and SOL a shitcoin is so basic

Horror-Badger9314

Can this happen to SOL too? Or just ETH?

Abby1994_21

Well looks like SOL price will be dropping down as FTX was a major holder of SOL tokens. So pretty soon there will be alot of SOL tokens unleased in the market. Lets see how this goes.

snowfox2012

Is BTC down 40% since March? Is ETH or SOL? Garbage = shitcoins

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by a deleted user. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

C-Class_hero_Satoru

Zoom out, coins like SOL outperformed BTC price wise

you_cant_see_me2050

The AI narrative is definitely hot, and the growth of AI tokens is impressive. While I grabbed some dips on blue chips like BTC, ETH, FET, RNDR and SOL, I'm also keeping an eye on SightAI especially with the potential use of FHE for secure processing It's early days, but secure AI could be crucial as AI adoption grows. Vitalik talked about the FHE tech. RWAs with fractional NFTs ownerships is gaining tractions as well. Degen Distillery's NFT spirits are a cool concept. What I think is to keep the funds diversified into 2-3 hottest trends instead of just 1. The money flows through them in a cyclical manner.

Gian_V

Trying to cut some tokens from my portfolio. Shall I sell my INJ for SUI or SOL?

DivinityInsanity

Should I 50/50 my ETH and SOL bags? Currently it's 75% ETH. With the SEC issueing Wells Notices to Uniswap and Robinhood, that imbecile gensler being against ETH, and the ETF's having virtually no chance of approval, it seems likely that ETH will remain stagnant for the time to come. On the other hand, meme coins are here to stay, and SOL is still here, so why the hell not. Thoughts?

Still_Theory179

BTC / ETH / SOL are the holy grail

csspongebob

I work for a crypto tax platform, many exchanges are simply not providing complete information. For about a month now the Coinbase OAUTH misses staking rewards after march 19th 2023 for ADA and SOL They confirmed this error to us and said they are working on it. Binance doesnt provide enough info to do taxes on cross margin and isolated margin transactions, bybit provides 20 files with overlapping transactions making it near impossible to calculate your taxes. Last we checked I think it was 30-40% of exchanges have at least one transaction type missing from all of their exports, and 60% had at least one transaction type missing from one of their exports (CSV/API/OAUTH). So you have to know which export is complete or not.

One_Boot_5662

This is where projects like Solana make things tricky, most of the others can be argued as not *prima facie* investments, but SOL clearly was hyped and artificially pumped from the outset.

Sharlach

If the tokens are just minted on SOL, there's not much in the way of "overhead" either. They're not paying for the whole of SOL.

Justaboywandering

I like your thinking . Hence fuck loopring and their shit . I was there when Reddit shits on SOL, I was there when Reddit shits on Shiba . I was there when Reddit shits on Reddit IPO.

_TheWolfOfWalmart_

DOT is dead junk. It's now around all time lows when prices in sats. This is why you don't hold previous cycle alts into the next cycle. 99% of them are done. Move your DOT into something with a strong chart vs BTC. If you are a large cap guy, maybe something like SOL or KAS.

R100K-Martin-Lunger

Bitcoin would obviously be the number one contender. I would also recommend ETH and SOL. They are currently the best performing over all. **You can't go wrong with DCAing BTC**. I would also recommend investing in a crypto fund. Of course do your research first.

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by Nostalg33k. > # Solana: A tale of broken trust and VCs > > Solana, an infamous name living as the shadow of it former self [Currently hovering at a price a bit higher than 10% of the ATH](https://coinmarketcap.com/currencies/solana/) which is a shame for any investor. In this small analysis we are going to discuss why Solana is a failure on multiple fronts. From Security, to stability. Let's delve into Solana. > > ​ > > # From outages to outrages > > Solana has been transformed into a laughingstock by the repeating outages the network has known. While it is claimed that [Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.](https://Solana.com) The Solana network has suffered [6 outages in the month of January](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) Stability has not been the strong suit of the network. This has sparked outrage against the network but ALSO against some exchanges because these outages are leading big dumps on the markets: [When speculator sell and lead to a 12 % dump](https://www.cnbc.com/2022/06/01/solana-suffered-its-second-outage-in-a-month-sending-price-plunging.html) the most dedicated investor are left holding their bags on the blockchain. > > Every discussion about Solana as an investment should discuss the possibility of outages and swings. > > # The Main Use case is Bullshit > > The main use case for Solana is to sell useless no common sense NFTs. While there are good use case for NFT technology, art and music nfts as they exist are just a passing fad and will need to evolve or disappear. Being a place linked mainly with this technology is very risky and shows a devotion to speculation and not to common sense use cases. > > ​ > > ​ > > # Security: Hacks, hacks, hacks and VCs > > The Solana ecosystem has known a lot of failures. The fact is that value is on the ETH side of the crypto ecosystem so bridges are required. When the Wormhole bridge saw a hack leading to 120000 ETH being minted out of the bridge leading to a loss which would be currently valued at 160 Millions. > > When this happened Jump Crypto, a subsidiary from Jump Capital, found 320 Millions to buy ETH and replace the missing funds. This allows us to understand two possibilities. > > 1) Jump Crypto did this from the kindness of their heart > > 2) Jump Crypto did this because they are heavily invested in Solana and control a large part of the SOL moving around. > > Now this may be speculation BUT recently Jump Crypto was said to be working to overhaul the open source SOL protocol for nodes. This leads to doubt about the legitimacy of the Solana Fundation and who controls the project. > > [https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/](https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/) > > [https://thedefiant.io/jump-crypto-solana-overhaul](https://thedefiant.io/jump-crypto-solana-overhaul) > > [https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/) > > ​ > > # Conclusion: A lacking use case, a profit motive from VCs and a past of lacking security and stability must lead you to high caution. > > VCs are here to make money and they must be holding bags of Solana. If you buy some SOL you are putting yourself into their games and are now dancing with them. While NFT is the future for so many reasons (intellectual property, administration and so much more) the current use case are laughable and security will be at the forefront of gouvernements or IP management companies sending patents through your blockchain. > > Being seen as an Eth killer, Solana is far from making the cut. I'd advise extreme caution. Please don't get burn't by this project. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

CointestMod

#Solana Pro-Arguments Below is a Solana pro-argument written by a deleted user. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Sharlach

erc-20 is the old token and available through the normal app, and the new one on SOL you have to get through coinbase wallet. You can swap the old ones for an equivalent number of new ones whenever you want though, so don't stress it.

ThatChrisGuy7

Deleting in a sec. Inside source says a lot of SOL memes are clearing out including BONK gender the SOL rise and their fall for now

Imperialtech69

I really thought SOL was going to $2-$4 but looks like $8 was the bottom and I didn't buy any 😔 LOL

Smookieman

SOL as always

josered1254

What do you do with your SOL?

UniqueID89

If you want crypto and its tech to fit into the financial landscape then it needs to abide by the same standards as everyone else. Thats why they’re standards to begin with. You don’t get special rules because the people who created your financial system doesn’t know how to or didn’t want to design things to work at scale and accepted by governing bodies. Right now no one of note wants to work with crypto because the techs god awful and harder to work with than traditional systems. There’s no insurance for businesses accepting a currency that can fluctuate in value by percentages over the course of a few minutes. There’s too many to choose from and 99% of them are scams or memes. You’re right, it’s not a hard concept. You and crypto investors don’t get special privileges because you invested in BTC, ETH, SOL, etc. These technologies don’t get special privileges because they refused to follow the same standards as other institutions within the financial sphere. A government body isn’t going to change and conform their systems and safety nets just because an insignificant percentage of people decided to invest in fake coins on the internet. You want there to be adoption and acceptance of cryptos? Then the technologies need to fall in line with other financial systems.

Backieotamy

SHIB and DOGE are absolutely overhyped, but definitely having utility being built into them and when it comes to returns, they have been two of my biggest earners the last 3 years; while DOGE growth days are mostly past I do however see SHIB still making upwards of 500+% gains over the next two to three years. SOL, ETH, BTC Are about as safe as you can get otherwise so not sure about the hate on them especially when hedging market down trends. It worked out well for me the last couple of weeks. While people were apparently dying from this down turn, I only went down about 10% total and for whatever reason BTC jumped back up a couple days ago it worked out perfectly.