Solana is Dropping

Elchavo

Elchavo

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I had a good amount of Solana, but right now, I’m experiencing nearly a 20% drop. It seems that a few more Solana might be released into the market on March 1st.
What are your thoughts on this? I’m not converting to USD because the drop has already been significant, and I’m at a loss. I’ll take a bit more risk and wait for it to recover at least to its previous level.
 
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Everything is dropping. It's the bear market, bull-run ended in December 2024, now everything will just dump +80%
 
Too late to short (sell)

Too early to long (buy)

don’t get chopped, it’s easier to pickup the knife from the floor then catch it while it’s falling
 
Bill_Portones said:
Everything is dropping. It's the bear market, bull-run ended in December 2024, now everything will just dump +80%
Click to expand...

Nah, the end of year pumps are just what they are, pumps at the end of the year.

Wait until BITCOIN ACT goes live. "Bear market", lmao.

"This bill provides for the acquisition and storage of the cryptocurrency Bitcoin by the U.S. government. The Department of the Treasury must purchase one million Bitcoins over a five-year period and hold the Bitcoins in trust for the United States."
 
Sol said:
Too late to short (sell)

Too early to long (buy)

don’t get chopped, it’s easier to pickup the knife from the floor then catch it while it’s falling
Click to expand...
We dont know the floor with this crypto shit.

Well, the floor is 0$ but will it really reach that point? No.

Best way to go about it is to DCA it, in my opinion, looking forward to hearing yours.
 
We are currently in the bear market…..i wouldn’t say DCA is best right now, it definitely dipping more so. Personally, if i’m to DCA i would start late next month and instead of waiting till then….I would start shorting coins I haven’t bought.

Even now is the best time to short BTC.
 
Elchavo said:
I had a good amount of Solana, but right now, I’m experiencing nearly a 20% drop. It seems that a few more Solana might be released into the market on March 1st.
What are your thoughts on this? I’m not converting to USD because the drop has already been significant, and I’m at a loss. I’ll take a bit more risk and wait for it to recover at least to its previous level.
Click to expand...
I've held my solana tokens since $15 I bought 2 years ago till it went to $294 weeks back. I can't tell why I didn't sell.

Now, it's down to around $130+ and I'm regretting badly not selling at 20x.
 
Kimdrr said:
Are you sure? I want buy sol
Click to expand...
buying is different to longing, your best option is probably to DCA i stabled most shortly after $trump it was at the time and still is in hindsight the obvious top im looking to buy back in slowly soon if i miss a pump thats on me
 
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with all the mess that there being with the meme coins and the heist of the year I'm not usere but keep an eye open and be ready for anything because this is the second time everything is all red then went up, make numbers and set a limit of how much you might risk holding just in case.
 
Buy the dip. Ireally think alt season is around the clrner
 
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SOL already gained too much and got too many scams on it. It's other altcoins turn now. Like Sui, Avalanche, Telegram Coin got a lot more potential in my view.
 
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