/biz/ - Business & Finance

>>51277420
SHOULD I BUY SOLANA? LIKE A SUICIDE 100 STACK?

Search Solana on Twitter, it's all nft scams and giveaways. All of the metrics are fake / propped up. Latest event was OptiFi accidentally locking al the $660k TVL, of which 95% was from a team member, only 5% from real users.

If you follow the threads on the block explorer, it's a few large wallets accounting for most of the trades, and 99% of the wallets have less than 1 sol.

>>51277420
Its weird that normies are so into this utter shitcoin. No idea why it has so much traction other than "I MISSED ETH SO THIS IS NOW THE NEXT BIG THING". Its totally inferior to its competitors.

Solana has high normie usage for nfts but it's a shitchain for defi and literally faked value and interest. Most VC dumpers are moving to Aptos and Sui to dump on retail while abandoning Solana. I have no confidence for this to pump ever again besides SBF and price memory. Chart looks fine here but I think it's garbage.

>>51277498
You literally described every L1

>He doesn't know that all VCs are leaving this in favor of the next scams Aptos and Sui
Yikes

>>51277420
>But Solana is rarely discussed here. Why is that?
its been discussed everytime its up and running

nah man solana is shady as fuck especially after the news about having a stop command that will halt any transaction on the network and make users' funds unrecoverable. i would much rather put my money into Matic that's transparent and is literally performing better than the top 20 coins

>>51278105
>Matic that's transparent and is literally performing better than the top 20 coins

It's a 5 of 8 multisig

It isn't crypto, it's a fucking spreadsheet in Mumbai hosted on a Dell laptop

>>51277506
ADA pumped like 30x off this narrative alone and normie YouTube presence.

Sol is directly backed by SBF and his ventures don’t midcurve it. Imagine not being bullish

>>51277420
Because it was one of the bags pumped by moonman.

>>51277533
in eth you cant fake traffic because block space is actually expensive tho

>>51277506
It's got very good marketing. Wasn't Tom Brady shilling it?

>>51277420
Cuz its shit vaporwave
Buy Hiroki instead
0x5dc1962bece0f0753268604a8d7f3e89a16ae851
@hirokicommunity

>>51277420
one sol whale controls a seventh of the total supply a billion dollars worth during the bullrun. sam sold to him cheap. you are buying his sells kek

>>51277448
yes like 5 - 10 % of your port is my advice

>>51277420
VC scam and the VC scammers are already moving on to their next scam, which is Aptos. Holding last cycle's hype scam is beyond madness.

>>51277420
Nobody uses Solana, except some NFTards using some centralized service with login and pass to trade jpegs that are down 98%
Most of the transactions are just set/cancel limit orders by bots doing arbitrage to earn fractions of a cent
The moment inflation and tx fee doesn’t pay for storage Solana will collapse

>>51277420
honestly accumulating a fat stack of SOL for the next cycle is the left/right curve move. most will mid curve cuz of muh outages and VCs. crappy tokenomics won't prevent it from reaching a minimum of 1.25x current ATH by 2024/25

Basedlana full of jeet scammers and influencers dumping nfts on zoomers

>>51277420
/biz/ is dominated by ETH maxis and will ignore SOL until it's too late.
Now let's go read one of the 27 threads about LUNC and fomo into it.

>>51277420
>Big accounts on there claim Solana is second to Ethereum

And end of the thread. When the big account aka Shills and VC types talking about their own book you know it's a scam.

Almost all tokens held by VC. And it's a horribly executed VC coin. Try bridging to Solana, go ahead. The only thing it has going for it is SBF. Part of me says if I'm betting on a horse, and it's a banker horse, it should also be a Jewish horse.

>>51284183
you are too smart to still be on this board, take your time off and come back during the next run when the brains return

vc crap

>>51282018
this, is so fuckin obvious. but it will reach much higher, almost certainly $600. Imagine fading SBF/Alameda.

>>51277420
What are you talking about? It's discussed here every time there's an outage

>>51277533
Nah, Cardano and Ergo don't prop up metrics, and their Twitter engagement is real. No scams/giveaways, you actually find real people discussing ideas and how blockchain can (and will) benefit humanity.

Both will dominate the top 3 within the next few years.

80% of it's "ecosystem" are whitepaper vaporware dapps. Some with governance tokens but the actual dapp is no where to be seen. Roadmaps everywhere.

Solana is not a coin you want to hodl. Its made for scalping. I remember an plausible anon saying Luna, Solana and Avax wont be here in the next bullrun. Make of that what you want.

>>51285860
General rule of thumb is that none of the VC backed cryptos have any chance of making it long term. Their sold purpose is to extract value until the well dries up, then back the Next Big Thing.

>>51277420
Everyone sold at over $200, I brought when SBF became involved because the Jews always win, I knew it was centralized shyte, but so is BNB so that was the target. I could have gotten there as well, if it would go one whole minute without some controversy.

>>51277498
Solana is heavily centralized, even worse than ETH. So many network downtimes. I used to think BNB networks was full of scams and bots until I got to Solana.
I would rather use Cardano or QANplatform >>51285663

>>51285860
>Avax wont be here in the next bullrun

Look at what it's up against. It also raised an absolute mountain of capital this bull run. Sir Jon Cuncliffe, deputy Governor of The Bank of England, said the survivors of this crypto bull run could become the future giants. Avalanche is on the Digital Pound Foundation, along with QNT and XRP.

https://decrypt.co/103635/bank-of-england-deputy-governor-crypto-crash-survivors-could-become-tomorrows-amazons-and-ebays

>>51277420
Solana is only good for cheap gas fees. Lots of VCs and hype.
I would only like SOL for crypto payments, but even EGLD does it better. It's not surprising that Utrust left ETH, ignored Solana, but migrated to Elrond

>>51285663
>Cardano don't prop up metrics, and their Twitter engagement is real
lmao what
just check any important twitter poll
it starts with cardano shitting the bed
then at some point they start the bot and completely nuke the polls
also the "brand recognition metrics" is even ahead of BTC
totally organic my ass
granpas know about BTC, they have no idea what cardano is (and a bunch of soi boi bagholders know it as "cardona", they don't even know how to spell it)

>>51277420
Cos it's centralised newfag. How hard is that to understand. Choose decentrailsed ones like Geeq with multichain ecosystem. Better safe than sorry.

>>51277498
Plebs need to learn. Beats me why they waste time with it when there are better ones out there. Perhaps an education on multi-blockchains are needed. It's getting ridiculous.

>>51282348
What is there to ignore? Are you not seeing the exploits? With backings, sol is dead.

>>51282348
Low fees are the only thing sol has now, which doesn't count cos there are other chains like that. L1s such as geeq are doing a fine job of it already. Crypto space is all about decentralisation and working products.

>>51287259
Anon bust be reading the back of his news tab. Don't care. Will keep slurping on multichain architectures. Those are the future.

>>51280296
i allocated just 10% of my total portfolio to Solana desu, and have over 50% in Eth coz of speed, security and online transactions, while real world application, privacy, and NFT storage got me into sylo

>>51285663
Based and ergopilled. They will know.

>>51287536
>Will keep slurping on multichain architectures. Those are the future.
In that case, you must be big on ORE considering its multi-chain focus and how's setting identity interoperability to a new level; many times speculated to be essential for the future of crypto and adoption.

>>51287259
Actually, security is a big deal these days. More reasons why managing assets from a single point should be encouraged. The complexity of several identities and keys definitely contribute to the security challenges

i am accumulating SOL because of SBF
also accumulating ergo
early next year or this december i will start increasing my buy amounts

>>51286694
It's not botted, Cardano community is massive and very active on Twitter. When @cardano_whale replies to a poll the army wakes up and votes. There's no community with as much real and organic posts and real engagement numbers as when you search for / follow the Cardano community.

Cardano spends almost nothing on marketing, it's all grass roots. The game theory incentives users, builders, and stake pools to connect and bond with each other. The community votes which projects get funded in Project Catalyst, stake pools need to do an effort to put themselves out there. It's all about community building, we're changing the world together, and are an unstoppable movement by now.

>>51277448
SUICIDE STACK IS 1K MAKE IT IS 10K

>>51285885
so none except btc, got it.
you're a r e t a r d

>>51290299
Cross-chain functionality with a multi chain focus. Literally taking interoperability to a whole new level

Piece of shit CEX-mentality garbo platform that won't hesitate to steal from the people to adjust their liquidity problems. Fuck solana. Swapped it all for DEO and DOT long ago.

>>51293818
dot's bool room is juuuust around the corner after all. aaaany second now.

>>51293818
/thread

>>51277506
>>51282314
>>51278105
>>51293818
correct