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/biz/ - Business & Finance

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58019363 No.58019363 [Reply] [Original]

Give me one good reason not to dump $50k into this fucker right now

>> No.58019395

>>58019363
Double digit shitcoin

>> No.58019406

>>58019363
it's gay

>> No.58019407

>>58019363
overbought, of course the mania can continue, but you are risking a selloff from validators

>> No.58019420

>>58019363
Cuz it already sent, and FUN is about to be sent, dyor anon

>> No.58019424

Do it and then dump it into doginhood you will make it then fren

>> No.58019427

>>58019407
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.58019437

>>58019420
>>58019424
gm sers

>> No.58019521
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58019521

>>58019427
Look I don't know a single thing about this internet stripper dollar. My thesis is literally feels like eth back in the day
I wanted to do this at $100 but I thought nah, it already pumped. So I am officially fomoing
I'm certain it will dump to peanuts in the bear market. But I won't be holding it that long
What's your target this cycle?

>> No.58019524
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58019524

>>58019427

>> No.58019580

>>58019363
It's not as easy to build garbage in here than it is on Satoshisync kek

>> No.58019714

>>58019363
Gee I don't know. Fomo/emotional trading? You tell me.

>> No.58019977

>>58019363
It's smashing though it's all time high right now, just surpassed it and keeps going. that's why the fomo for solana

>> No.58020192
File: 3.67 MB, 4000x5505, 1710512449806990.jpg [View same] [iqdb] [saucenao] [google]
58020192

>>58019363
join brother. stole pic from a linky

>> No.58020248

its going to over take bnb by the end of the month, then it's going parabolic, probably peak cycle will by $1000 per sol

>> No.58020259 [DELETED] 

>>58019363
50k makes ya a real soljuh
https://soljuh.com/

>> No.58020264

...is it over?

>> No.58020270

>>58019363
Because it is the shit coin with the highest market cap and unsustainable inflation. Its market cap has already reached the same level as the last bullrun's peak. The price per coin is 70% of what it was then. At 80 Billion market cap, I don't think it has much more room to pump. Maybe a 2x but I think that is pushing it. It is also constantly crashing which makes it unusable for anything other than the shit coin casino that it is.

>> No.58020678
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58020678

>>58019521
Unironically solana will be 800-1450$ this cycle
It literally is the eth killer people have been saying since 9$

>> No.58020750

>>58020678
>eth killer

How will they fix the network crashing problem
Eth just over charges you in heavy network times

>> No.58020768

>>58020678
ignorant posts like this make me cringe and Im a solana maxi

>> No.58020916

>>58020768

Likely $1000 yes

>>58020750

I haven't experienced a network crash once
ETH also has hanging issues, like it is today.

>> No.58020975

>>58020750
Choose your poison anon
No outages but $100 in transaction fee
Or
2-3 outages a year but $0.5 in transaction fee

>> No.58021045

I just can't buy massive green dildos.

>> No.58021238

>>58020975
Is it worth throwing in $1000? Back during FTX times I got discouraged from buying because of all the outages and the fuckery from SBF (Scam Bankrun Fraud) at the time. Ever since I've been watching it become more and more trusty and legitimate. I've been watching from the sidelines saying
>I'm happy for SOL bros but it's not for me
Now I'm actually starting to think it will be a genuine ETH killer some day.
What do I do, anon?

>> No.58021281

>>58021238
If you want that 1k to be 5k this cycle, then yes

>> No.58021327

>>58020750
>Eth just over charges you
ftfy

>> No.58021472

>>58021281
I don't really get excited about $5k but I'll take it I suppose.
I've been only buying BTC for at least a year and a half and now I'm out of the altcoin loop. I have probably about 10-20k just for alts this year but I can't find anything that's tempting and also not on Etherium. Can't be bothered with the headache of ETH.
It was simple when I was just buying BTC but since it crossed the 45k mark I have stopped, and now I'm left with thousands of dollars that I don't have a clue what to do with.

>> No.58021510
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58021510

>>58019427

>> No.58021692
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58021692

>fucking 20x if i didn't believe crypto was after 21
Fuck me...we are never going to get another covid and sbf and anything... I even had the number filled in, about to press buy here, but thought i will just lose more.
I was never this close.

>> No.58021694

>>58020916
>Likely $1000 yes
No. SOL's market cap is already way too high compared to other similar coins. Retail newbies aren't going to pay that much for something they don't understand when they can buy other similar coins that will be shilled just as hard for much cheaper. I don't like AVAX as a long term investment because its just an ETH clone but anyone with a brain can see it has more room to pump than SOL. SOL is way over valued.
>ETH also has hanging issues, like it is today.
SOL had a 5 hr outage last month. It has had multiple similar outages during and since the last bullrun. It is no where near stable enough for any real world applications where money is involved. Please tell us the last time something like that happened on ETH.
>>58020975
>No outages but $100 in transaction fee
This is what L2's are for. SOL will never compete with ETH nor will its market cap ever come close to ETH. It will die a slow death from inflation long before it ever comes close to ETH. ETH doesn't have to mint coins to pay its validators like SOL does. The only thing less stable than Sol's blockchain is its tokenomics. Every time you think your saving money because of the small transaction fee, just remember you are paying a little for everyone else's transactions through inflation.

>> No.58021729
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58021729

>>58021694
Finally someone with a fucking brain

>> No.58021739

>>58021729
Is that THE Brick Frog?

>> No.58021765
File: 63 KB, 512x640, 1674239452755684.jpg [View same] [iqdb] [saucenao] [google]
58021765

>>58021739
idk I just stole it from some other faggot on here I have like a gigabyte of these retarded things.

>> No.58021773

>>58021694
>>58021729
Doesn't mean shit in a world where dogs and frogs are pumping one after another.

>> No.58021795

>>58021694

Sol is already ETH's top competitor.

Sol will flip BNB

>> No.58021796

>>58021765
Have you ever heard of Brick Bat? He's a criminal that somehow got a hold of Bat-Man's cowl and went around killing people with bricks. He died of from a single punch and his identity was never further explained. Okay, that was everything. Have a good day/night.

>> No.58021803

>>58021694
pure nocoin cope

>> No.58021814
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58021814

>>58021796
No, but that's fucking hilarious.

>> No.58021816

>>58019427
i like this pasta

>> No.58021891

>>58021694
L2s are a pain in the ass. Development for the EVM is expensive and you give to hide as much logic as possible off chain to not pay exorbitant fees for deployment and writing. All around a garbage system. SOL isn’t stable. Crypto is being built on the foundation of garbage.

>> No.58022014

>>58019363
Need a solana shill to tell me a good nft marketplace so I can buy solana nfts

>> No.58022044

The chain is hosted on SBF's private PC and goes out every time he loads into a game of league

>> No.58022106

>>58021238
Alameda still has about 8% of the whole supply locked which they will be forced to dump

>> No.58022112

>>58022014
tensorflow

>> No.58022123

>>58019424
>fren
You got that one correct

>> No.58022962

>>58022106
Good to know, thanks anon. 8% is nothing to sniff at, for sure. Gonna wait for this dump.

>> No.58022994

>>58022962
shills have been saying this since 2022 and look, youve missed out on what is the easiest 2-20x

>> No.58023024
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58023024

>>58022994
I know lol that was what I said in my original post. It doesn't really matter anyway because I only just got a well-paying job right around the FTX times so I was very much a poorfag then anyway.
I am not bitter when I miss a chance because there's new chances all the time, and I'm still doing alright anyway.
t. will enter 6 fig hell this year starting from zero at the start of 2023
Feelsgood anon

>> No.58023054

>>58019521
$1000. It's probably a little too late to get huge gains considering we're at nearly $200.
So glad I bought this when it was under $20 last summer.

>> No.58023061
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58023061

I heard your points, considered them carefully, and determined 200 SOL to be a sui stack.
I still know pretty much nothing about this coin and have never interacted with the chain.

>> No.58023135

>>58021694
>This is what L2's are for
lol
>buy eth
>now bridge to L2 to send to your wallet
>ok now you have to wait a week to have access to your eth or pay fees that are almost as bad as the gas you're trying to avoid
great stuff
>It will die a slow death from inflation long before it ever comes close to ETH
Inflation only happens when demand doesn't outstrip supply, which hasn't happened since the very bottom of the bear market. That's when smart anons like myself went and bought the coin and are now up more than 10x.

>> No.58023280

>>58019427
>infinite money glitch
>validators all become billionaires and eventually trillionaieres
>they are the ones securing the most valuable, most used blockchain on the planet.
this will end well i see

>> No.58023969

>>58021694
If I want ETH shitcoins but dint want the headache of dealing with ETH, what layer 2 would you recommend? Can you do this to buy shitcoins without the agony of using ETH? (similar to having a root canal).

>> No.58024931

>>58019363
You'll get a x3 at least