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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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57086044 No.57086044 [Reply] [Original]

Every normalfag loves this now and its done a 10X in 2023

Good time to short it?

>> No.57086055

>>57086044
Yes

>> No.57086286

After a 10x is when normies start buying.

>> No.57086685

>>57086044
Never short a pump, only distributions

>> No.57086693

>>57086044
There's just one little problem with your theory: the validators aren't selling. They have no reason to sell.

You see, gas costs don't actually represent the value of the work being done. They represent demand for blockspace. There is effectively NO COST for processing these transactions. So it's not a subsidy. Validators don't need to sell their rewards to stay online. They can just get richer and richer.

It's an infinite money glitch. Solana rises into the hundreds of billions of dollars, people keep flocking to the token because number go up. The validators all become billionaires and eventually trillionaieres, and that value is real, because they are the ones securing the most valuable, most used blockchain on the planet.

Solana was always the chosen one. Why do you think all these VCs attached themselves to it?

>> No.57086698

>>57086693
>muh VCs

VCs lose billions of dollars every year

>> No.57086722

>>57086044
Yeah short it bro, and make sure to long underperforming shitcoins like avax at the same time, so you can zero out your portfolio twice as fast.

>> No.57086949

>>57086044

It will keep you liquidating.

Shorting trending scams is a very painful sport.

But it pays off eventually, when you would be able to stay in the game longer than the market will remain irrational.

>> No.57088896

>>57086044
Imagine not shorting it
>>>57088888

>> No.57088979

I said it 4 months ago, Solana is red herring, Retail trap, Big money already chose the winner and if you ignore all the memes hype and normies mindshare you'll see clearly.

It's not Ethereum either.

>> No.57089019
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57089019

Death spiral soon. The foundation is subsidising (paying for) the transaction fees. It's reaching unsustainable levels and dapps will collapse due to being optimized 0.005% swap fees, to super low fees. This will be the big short.

>> No.57089251

>>57086044
Soiiieeeelana

>> No.57089272

>>57086044
Doesn't the SBF wallet still to this day own like 20% of the supply? Kek

>> No.57089514

I'm waiting 130 for the short