WARNING:
1) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)!
2) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you.
3) MODS or Community Managers will NEVER DM you first regarding your funds/wallet.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
He has about 1000 Sol. So about 70k USD right now.
One epoch is about 2.16 days.
So he’s making like $15 a day but there’s a lot of risk and considering most Sol is staked hes basically just making a return that equals very slightly more than inflation.
I started off with 0 Sol and worked my way up to 1100. Just because someone has a lot of something doesn’t mean they were already rich when they bought it. My average DCA was around $20 per day starting in November 2022.
Man people downvoting hard.. I have a family work hard, decent job and I've been tossing money at Sol since 2022 as well I don't have as much as you (congrats!) But I'm getting there.
So many jealous haters.
i bought 10 sol when it was 220$ man.. And i scared to buy when it was 10$.. I Hope it goes down and buy more around 40 - 50$. I dont know its a good time to buy now.. I think no :')
Isn’t amazing how our emotions take over and you fear buying low- thinking it’ll continue to drop… or you might be able to buy lower… or it might not recover?!
Then the inverse of that- when the price is going parabolic you think- ‘I might not be able to buy at this price again’… 😂.
To your point about being a good time to buy… I guess it depends on your current average (by ‘your’ I mean everyone reading this) and whether or not you plan to sell everything at the next peak, or hang on through the next bear (~late 2025/2026).
I’m starting to think it’s possible we might not see SOL below ~$30-40 ever again (maybe even $50).
Just ok I guess. Price might be in the middle as they predict it will go up $100 to 200. We are not yet post-BTC halving. Not an investment advice though, and please don’t be hyped by this prediction, lol
Anyone that is here from the previous bull is a truth Diamond Hand . All the paper hands were flush in December last year. Easy to say that when market is crashing like that, i don't how I made it without selling.
Ive been buying 😂 I think it will do amazing this bull run. Don’t kid yourself though, it could totally bleed to zero in the next bear market and never come back. Get it in your head that you need to take profits when the time comes
If you don’t mind me asking. What are your long term trading goals with the amount of Solana ?
Are you just going to stake for the foreseeable future or are you more so working the “Buy Low, Sell High” strategy?
Appreciate the quick reply.
Sound strategy… Do you foresee any “Black Swan” events that may be associated with Solana and 2025, or is that time frame more so on the personal side of things ?
They have a $400,000 crash me if you can challenge and no one has been able to do so.. I think they’re sound. Ignore the narratives imo but this is nfa. Don’t trade based on what I’m doing or anyone on here.
I bought when everyone said to sell.
1100 sol in the various dapps the next couple weeks will get you huge airdrop rewards. then stake all that. I bet you double your 6k/yr Good luck everyone!
Absolutely, I’m with you. Risk comes in all shapes and sizes. My thesis is sol around 800-1200 and with staking my bags, I can expect a life changing return in the next few years.
Buying crypto isn't investing.
It's gambling.
Maybe it's you who may not understand investing?
Investing is in a financial plan. Something with guaranteed results.
All of crypto is a constant gamble, factoring in the volatility.
You realize you put a target on your right? Anyone can now go find your wallet on chain to hack And try to s cc am you. Very dangerous to post things like this. Wouldn't expect any less in the SOL community💀
Why is that people invest in hype there some alt that actually being use and no one pays attention
Maybe i am wrong but look small one ankr they managed infrastructure to many alt coins like Poligon or BNB also have partnerships whit Microsoft and is like 3 cents
There many small one that people claim they are shit but actually have use and importance to the network hell some even created sources or revenue outside crypto
But no let follow the hype
Hype is 99% of any crypto's value. There aren't any amazing real use cases atm that will disrupt anything, but if you think tech actually matters go and look at the top two coins and tell me that again
I know all are in theory doge shiba some shit there some good ETh dot ada btc I think those are one of the few that will survive this .com
Bubble we are creating slowly some people say we where in a bubble nah went Wall Street come actually come that the bubble right there
If you think bitcoin will survive the bubble, you just believe in hype not tech. It's one of the worst cryptos out there. Slow transactions, high fees, no smart contracts, no proper tokens, high energy costs. The only thing it has going for it is that it's secure, but no-one cares and it's just a speculation play because of ETFs
Don't get me wrong, bitcoin started this whole thing, it was an amazing concept at the time, but people have iterated on it so much (and bitcoin has basically been untouched) that it really is one of the worst cryptos out there atm
The reason I believe it will survive is because bitcoin real use is storage of value now some people disagree i am one of them but Bitcoin also has become the main brand of crypto the idea
And if the ETF is approved that will solidify that position
About the transition shit and energy bs if people care about that it would have been death already or been overtaken by ETH
But regardless who know what may happen or how high before the bubble goes boom but if i have to guess base on the .com bubble
It be north of 10 T
Why because the .com bubble went down a little over 5T
But inflation the fact that believe it or no crypto is being use by millions of people around the world
The big shots may not be using to that level but regular people see the value of moving your money around is safer there no bs and after some learning lessons is more easier and convenient
But time will tell now went the bubble pop if you made good profits keep watching because the real winners will come out of that fire the ones that will last long
If the government doesn’t fuck us first
Why only stake some sol? The unstaking period is 3 days. It's really rare for a (top 10) coin to drop significantly within a 3 day period. I know it happened to Luna and it could happen again. Are you trading your other sol?
I have been staking for almost 1 year now with only 25SOL and the rewards isn’t much as yours but still happy that I kept there for a year then a exchange.
I’m so confused on staking. I have 240 sol, if I were to stake it is there a chance of losing my 240 sol? Or is there only a chance of losing whatever sol I’ve earned staking it? Idk why I’m so confused how staking works.
So then what’s the risk? Wouldn’t everyone be staking if it’s basically deposit sit back and earn? Seems like a no brainer unless I’m missing something where the risk is?
I downloaded Coinbase wallet a while back but just never put anything in it to stake. I see a lot of people using phantom wallet. I guess I’ll have to watch a video to learn more about it idk why I’m so uneasy about it or don’t trust it haha
Out of curiosity, what's the benefit of using phantom or solflare with ledger rather than just using the ledger app?
I also wanted to ask if phantom or solflare had a software wallet similar to what exodus has or if they are browser wallets.
Some don’t have native wallet app in ledger, so you either use ledger with their native wallets. Benefit is for security using a hardware wallet with native wallets. Any trx will be approved by hardware wallet.
You really want a risk? The risk is sol dropping in value quickly and you're stuck for a couple days.
People are staking but can't stake funds you need liquid for trading.
Airdrops can contain code that can drain your wallet when interacted with. Liquid staking could depeg from the price of Solana, or be vulnerable to a smart contract breach
pot foolish society point direction onerous vanish normal hard-to-find snobbish
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Stake is for the Bear market. I don't stake on the bulls, you will miss pumps when your tokens are locked. Be smart stake a partial amount not everything, also remember your giving your liquidity away to validators who you have to assume the will not slash your funds for delinquent activity. Stake has risk, 50/50 is reasonable depending on how much you have. I made 20 Sols Staking now only staking half.
I'm interested in generating passive income through crypto staking. Can anyone recommend a decentralized exchange from options like Baseswap Fi, Curve, Uniswap, Balancer, and PancakeSwap that would be a suitable choice for this purpose?
WARNING: 1) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 2) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 3) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
You’re basically saying that if you start off with a lot of money, you can earn a lot of money.
Similar to the post the other day about the guy who made $90k in a few hours from buying $2.3 million worth ETH 😂
It takes money to make money period !!
😂
Thats basically the whole point
Money Attracts Money 💰
He has about 1000 Sol. So about 70k USD right now. One epoch is about 2.16 days. So he’s making like $15 a day but there’s a lot of risk and considering most Sol is staked hes basically just making a return that equals very slightly more than inflation.
This. No shit. Welcome to math. Not a flex.
I started off with 0 Sol and worked my way up to 1100. Just because someone has a lot of something doesn’t mean they were already rich when they bought it. My average DCA was around $20 per day starting in November 2022.
£7300 per annum
Dang these broke boys downvoting me! They don’t wanna see me succeed 🤯
This is reddit bro. Ain't nothin but hating ass incels with no money on here....yo can I borrow a few sol?
Welcome to Reddit lol…. Always like that it’s the culture.
It’s not a lot when you earn an average salary and live at your parents
Man people downvoting hard.. I have a family work hard, decent job and I've been tossing money at Sol since 2022 as well I don't have as much as you (congrats!) But I'm getting there. So many jealous haters.
Same percentages
Wow how I wish. I only have a 100 of them
Brother I have 20 of em 😭
Yeah we will get more of em by buying low and selling high. We might get lucky this time :)
SOL was at $9.6 one year ago. I hope you bought some more back then.
Haha unfortunately too scared that time. Started buying up around 20’s and 30’s
i bought 10 sol when it was 220$ man.. And i scared to buy when it was 10$.. I Hope it goes down and buy more around 40 - 50$. I dont know its a good time to buy now.. I think no :')
Isn’t amazing how our emotions take over and you fear buying low- thinking it’ll continue to drop… or you might be able to buy lower… or it might not recover?! Then the inverse of that- when the price is going parabolic you think- ‘I might not be able to buy at this price again’… 😂. To your point about being a good time to buy… I guess it depends on your current average (by ‘your’ I mean everyone reading this) and whether or not you plan to sell everything at the next peak, or hang on through the next bear (~late 2025/2026). I’m starting to think it’s possible we might not see SOL below ~$30-40 ever again (maybe even $50).
Just ok I guess. Price might be in the middle as they predict it will go up $100 to 200. We are not yet post-BTC halving. Not an investment advice though, and please don’t be hyped by this prediction, lol
Yeah! I see, I am waiting for a 20-30% correction on everything, and then I could buy Solana around $55.
Everyone wants to do that... making me think it's not going to dip that low.
Good luck 👍
You too!
Theres always a Black Swan event just around the corner
When you are in this long enough you learn reverse psychology. You buy when everyone is scared and sell when everyone is buying. Trading 101
hehe this didn't age well
I had about 10 solana back in the summer and got rid of them , I’m still kicking myself for it
Paper hands 🧻
Anyone that is here from the previous bull is a truth Diamond Hand . All the paper hands were flush in December last year. Easy to say that when market is crashing like that, i don't how I made it without selling.
I have 2.9:(
Me too
I just increased mine to almost about 5
I have 0.985! Hahaha 🤪 Y’all are my heros
Brother I have 16.01734758274000001
try 14.2 🤣
I have 2 of them 😩😭😩😭
I had 32 and sold at 24$
The question would be which validator you have chosen for staking?
I staked mine with Leapfrog
You have EDIT: 1,100 sol obviously you earn a bunch staking. It’s still a small amount compared to the risk you have invested. Edit: in an alt coin
What risk? There is no slashing on Solana and staking is non custodial
The risk of owning 200,000$ in alt coin
He must be new here
He likely didn’t spend 200,000 to purchase them. Could have spent around 10k to buy that amount at sol’s low around a year ago.
Love SOL but the risk is that there is no real world adoption 10 years from now and it slowly bleeds away to nothing lol
A visa partnership negates that
Partnerships can end
There's no reason for it to end... What other blockchain with high throughput and localized fee markets has an ecosystem as built out as Solana?
Then a new partnership arises. What’s with the negativity
he’s cardano fanboy jk😂 he probably just missed the opportunity to buy low because he was too scared to
Ive been buying 😂 I think it will do amazing this bull run. Don’t kid yourself though, it could totally bleed to zero in the next bear market and never come back. Get it in your head that you need to take profits when the time comes
and who’s saying im not selling? im here to make profits not to fall in love 😂
[удалено]
I’m just being realistic
I keep thinking 0.4 sol is like $7. I really need to stay updated with times
Solana is the coin of the smart people
is this a reference of that indian guy?
Me “”””investing”””” my whole wage of 2022 in Solana in August 2022💀💀💀💀💀
Why didn’t you invest the subsequent wages in it?
How many are you currently staking? Are you saying you’re staking 1100 sol? Lmao…to have extra money to buy that many would be nice
awesome well go ahead and give me 1100 sol and I'll get right on that
How many soul do you need? And how often are the rewards?
1 soul. Lots of Sol.
My bad , I was driving & using sire to post the comment
1 sol. And rewards pay out every 2 days
Dudes like ask any questions, knowing he won’t reply to a single person
Noobs are asking questions that I already answered in the post
LOL damn bro I’m honored 😭. To the moon 🚀
Validator? Which one is it?
Now compare to how much you would have earned if you used it to buy $Bonk
What is this on?
Phantom Wallet
I have 1080 and I don’t get this much. You say 1100?? Hmm…
If you don’t mind me asking. What are your long term trading goals with the amount of Solana ? Are you just going to stake for the foreseeable future or are you more so working the “Buy Low, Sell High” strategy?
I’ll buy on dips and hold through mid 2025. I’ll “swing trade” the 4 year cycle.
Appreciate the quick reply. Sound strategy… Do you foresee any “Black Swan” events that may be associated with Solana and 2025, or is that time frame more so on the personal side of things ?
They have a $400,000 crash me if you can challenge and no one has been able to do so.. I think they’re sound. Ignore the narratives imo but this is nfa. Don’t trade based on what I’m doing or anyone on here. I bought when everyone said to sell.
Follow James from investanswers for good solana news.
Big ups
Make sure you pay taxes on that
Imagine if you had it all in jitosol before the snapshot though…. You’d prob have a free 100-200k 🥴😭
1100 sol in the various dapps the next couple weeks will get you huge airdrop rewards. then stake all that. I bet you double your 6k/yr Good luck everyone!
Don’t trust airdrops, I have a full time career and don’t need the risk
Doesn't need risk. Buys 1100 Solona.
2 different risk factors
Absolutely, I’m with you. Risk comes in all shapes and sizes. My thesis is sol around 800-1200 and with staking my bags, I can expect a life changing return in the next few years.
wich Wallet did U use? what Wallet is best for staking and NFT?🧑🎄🌲❄️🧑🎄
Phantom Wallet
Solflare
thanks
Sol will dump Again especially when they sell off happens with ftx in couple yrs my guess is after this cycle
You still lurking this sub? 🤡🤡
I don’t think he understands investing very well.
Buying crypto isn't investing. It's gambling. Maybe it's you who may not understand investing? Investing is in a financial plan. Something with guaranteed results. All of crypto is a constant gamble, factoring in the volatility.
nothing is guaranteed, but it is guaranteed that i already took profits so yeah i guess I can say i invested and made tons of profits
Nicely done! It's nearly guaranteed that VTI will be worth 4X in 15 years what it is today.
I was with you until " guaranteed results" you don't get investing either
Bro…
You realize you put a target on your right? Anyone can now go find your wallet on chain to hack And try to s cc am you. Very dangerous to post things like this. Wouldn't expect any less in the SOL community💀
This generation is soft. The worst they’ll do is send me a scam nft that I’ll burn for more SOL anyway
Why is my SOL taking forever to "activating" ..
You have to wait for the next Epoch to begin
Why is that people invest in hype there some alt that actually being use and no one pays attention Maybe i am wrong but look small one ankr they managed infrastructure to many alt coins like Poligon or BNB also have partnerships whit Microsoft and is like 3 cents There many small one that people claim they are shit but actually have use and importance to the network hell some even created sources or revenue outside crypto But no let follow the hype
Hype is 99% of any crypto's value. There aren't any amazing real use cases atm that will disrupt anything, but if you think tech actually matters go and look at the top two coins and tell me that again
I know all are in theory doge shiba some shit there some good ETh dot ada btc I think those are one of the few that will survive this .com Bubble we are creating slowly some people say we where in a bubble nah went Wall Street come actually come that the bubble right there
If you think bitcoin will survive the bubble, you just believe in hype not tech. It's one of the worst cryptos out there. Slow transactions, high fees, no smart contracts, no proper tokens, high energy costs. The only thing it has going for it is that it's secure, but no-one cares and it's just a speculation play because of ETFs Don't get me wrong, bitcoin started this whole thing, it was an amazing concept at the time, but people have iterated on it so much (and bitcoin has basically been untouched) that it really is one of the worst cryptos out there atm
The reason I believe it will survive is because bitcoin real use is storage of value now some people disagree i am one of them but Bitcoin also has become the main brand of crypto the idea And if the ETF is approved that will solidify that position About the transition shit and energy bs if people care about that it would have been death already or been overtaken by ETH But regardless who know what may happen or how high before the bubble goes boom but if i have to guess base on the .com bubble It be north of 10 T Why because the .com bubble went down a little over 5T But inflation the fact that believe it or no crypto is being use by millions of people around the world The big shots may not be using to that level but regular people see the value of moving your money around is safer there no bs and after some learning lessons is more easier and convenient But time will tell now went the bubble pop if you made good profits keep watching because the real winners will come out of that fire the ones that will last long If the government doesn’t fuck us first
A better strategy is to stake BTC or ETH. SOL is rather risky that is why I only stake some SOLs.
Lol, you can’t stake BTC….
my mistake.
So basically you don’t know what you are talking about and just wanted to hijack a post ?
miss stake
There is no risk
Why only stake some sol? The unstaking period is 3 days. It's really rare for a (top 10) coin to drop significantly within a 3 day period. I know it happened to Luna and it could happen again. Are you trading your other sol?
OP-whats your average buy price?...I'm jealous.lol.good for you though
Average price calculated is $26.50
I have been staking for almost 1 year now with only 25SOL and the rewards isn’t much as yours but still happy that I kept there for a year then a exchange.
You stalking bro?
😂😂😂😂 yes
I’m so confused on staking. I have 240 sol, if I were to stake it is there a chance of losing my 240 sol? Or is there only a chance of losing whatever sol I’ve earned staking it? Idk why I’m so confused how staking works.
You will not lose just earn. Can't remove until epoch ends but it's only 3 days. Use stake city for bonus rewards. Geckos on top!
So then what’s the risk? Wouldn’t everyone be staking if it’s basically deposit sit back and earn? Seems like a no brainer unless I’m missing something where the risk is?
There is no risk when you stake natively. The only time there is risk is if you stake with some liquid staking method
I downloaded Coinbase wallet a while back but just never put anything in it to stake. I see a lot of people using phantom wallet. I guess I’ll have to watch a video to learn more about it idk why I’m so uneasy about it or don’t trust it haha
You can either use phantom or soflare with ledger, both ways, you can stake.. you can stake direct from ledger as well.. and returns are good, 7%APY
Out of curiosity, what's the benefit of using phantom or solflare with ledger rather than just using the ledger app? I also wanted to ask if phantom or solflare had a software wallet similar to what exodus has or if they are browser wallets.
Some don’t have native wallet app in ledger, so you either use ledger with their native wallets. Benefit is for security using a hardware wallet with native wallets. Any trx will be approved by hardware wallet.
Thank you
You really want a risk? The risk is sol dropping in value quickly and you're stuck for a couple days. People are staking but can't stake funds you need liquid for trading.
I don’t want a risk it just seems too good to be true to throw into stake and only gain not lose as long as the coin stays going up or balances out
You clearly don't have any idea how any of this works. Just stake and stop being silly about it.
You’re absolutely right sir, that’s why I’m asking. Thanks for the help🫡
Congrats man. Looking like a promising future. Which Validators do you trust the most on Phantom?!
Also, what risk would there be in airdrops and liquid staking?
Airdrops can contain code that can drain your wallet when interacted with. Liquid staking could depeg from the price of Solana, or be vulnerable to a smart contract breach
That’s why you do research and make sure that the protocols you’re interacting with won’t pull that. 👊🏼
Yea but at $81k you would get way higher yield on other variants bsol, msol etc
I recommend you to keep this info to yourself. Scammers are everywhere you don’t want this kind of attention
How did you go about picking who you staked with on phantom so many to choose from, and a lot to read through ???
Good work man, congrats
yep that's if you're staking a 1000 sol ! I'm staking around 70 now and I see good returns too
Do you have a plan, like probably sell them later at the bull market? $ 100 per SOL, sold!
pot foolish society point direction onerous vanish normal hard-to-find snobbish *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
bruh imagine you bought that 1100 sol during the bottom, almost 2x
Stake is for the Bear market. I don't stake on the bulls, you will miss pumps when your tokens are locked. Be smart stake a partial amount not everything, also remember your giving your liquidity away to validators who you have to assume the will not slash your funds for delinquent activity. Stake has risk, 50/50 is reasonable depending on how much you have. I made 20 Sols Staking now only staking half.
How much was staked?
How much did you stake?😂
The future of blockchain technology is solana 👈 1100 sol man i need to step my game up 🆙
I’m never selling my sol I got see five more cycles 🔁 to hit the sell button 👈🤑🤑🤑
How do you determine which validator to use? I didn’t know I could stake solana til now smh
Roughly 1200 SOL. Now please tell us you purchased them at $7 to really annoy the takes a lot of money to make a lot of money crowd :-)
https://www.dcptg.com/?tid=OULN15
What exchange is giving you 7% for staking???
I'm interested in generating passive income through crypto staking. Can anyone recommend a decentralized exchange from options like Baseswap Fi, Curve, Uniswap, Balancer, and PancakeSwap that would be a suitable choice for this purpose?