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Hi Team

Tensions once again are high with everything (once again) regarding Solana. I just want to quickly reiterate:

  • my goals are not your goals 
  • I share all I see openly and honestly
  • I share all I do openly and honestly
  • my allocations are above (please note my allocations - I am not all in on Solana)
  • I allocate based on risk/reward

As you can see from the above my ETH bag is nearly twice the size of my SOL.  But I fully expect it to be larger when the next bull run comes around IF AND ONLY IF SOLANA comes out of Beta and fixes their issues. If SOL blows up I am fine because as I've stated many times, I do not put all my eggs in one basket. That is the way I manage risk. 

In addition, Solana has held up FAR, FAR BETTER than all other L1s and L2s bar MATIC. In the Youtube chat today, Be Kind But Shrewd said it eloquently "Hi, I'm Solana, I kind of suck but you should see the other guys".

Solana, as I illustrated earlier, has more unique users than ETH in the last 30 days.  If you came to me two years ago and said that I would have said you were NUTS! I fell for SOL because of the two T's: Tokenomics and Technology. When I first analyzed it it had no users and no dApps but a solid team and solid tech. It still does. 

For those of you who are fed up with outages - use another chain. 

But for those of you who see what I see - you get it.  

Most astounding of all is SOL is trading higher than it was before the outage. 

I have not sold. I will not sell until I see a serious issue that cannot be overcome or if I see Toly and Raj lose faith. That will be the red flag. 

Onwards and upwards. I will buy more if it hits $20 again.  

PS this is similar to Tesla in 2017 /2018 when everyone said it was going to go bankrupt. I held, I invested all I could. Hence my cost basis is now around $18. I'm glad I ignored the FUD on that one.


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Comments

Anonymous

There’s no need to debate, or try to convince people. If folks here are fed up of SOL and think there’s a better L1 out there or SOL does not meet the risk tolerance anymore then it’s time to leave Solana. Sell your bag MoveOn and have your peace. On the other hand, I see Solana has the highest risk reward opportunity I am buying more within my risk tolerance. If I may borrow Rob’s favorite comment James is not your father. He can’t tell you what to do. NFA DYOR

Anonymous

Scared money don’ make none. I heard that once…

Anonymous

I'm holding SOL until it either buy's me a Lambo or I have to wash them for a living.

Anonymous

James the haters gonna Hate. Traded out of my ADA position for SOL and Matic back in Feb 2021 Cost Basis $10 and 0.16 . I have held for 2 years and glad I have. Allocation BTC 40%. ETH 20% SOL 10% Matic 10% AVAX 3% Near3%. DOT2% Link 2% and about 10% in other L1 , L2,, utility and DeFi Top 100 coins

Anonymous

James, don't let anyone get you down. Your conviction is what makes you a great investor. I appreciate your insight and it helps me to make good decisions. Keep at it.

Anonymous

Good summary of the glitch. https://beincrypto.com/solana-technical-issues-resolved-24-hours/ Let's keep it moving!

Anonymous

James! It was your voice I heard when I doubled my SOL bag in the $8s!? I ran into that burning building and saved every lil token I could. And yep, I was scared. But I got tap dancing shoes for that fear! Appreciate you for sharing your knowledge. Best thing I got out of the pandemic was finding you and Itchy Boots on the tube. Big ❤️ IA fam 🙌

Anonymous

James, are you still aiming for a larger SOL than ETH bag like you were before? Just curious...

Anonymous

Hi all. Stack the living shit out of SOL. This is my highest conviction bet ever - combined with the most reward. The facts people find it crazy and are scared is the exact reason why there is money to be made (combined with the right metrics). MORE than willing to be on the risk receiving side of that bet. 🔥💃

Anonymous

James I wouldn't worry about all the SOL haters.. full transparency I sold all my SOL around 39-ish? and i had a pretty large bag but that was simply because i was getting out of alts almost completely at the time.. havent bought back in yet but i look every day.. we all do things differently

Anonymous

Thanks James for this non biased straight to the point analysis.

Anonymous

I really love and respect James, but I disagree completely on SOL. I bought SOL in 2021 for a $180 average. I have since sworn off all crypto tokens/projects except Bitcoin. I really don’t understand the appeal of any other cryptocurrencies. They’re all decentralized in name only. The founders print up tokens for themselves and VC’s before they’re released to the public. They don’t pass the Howey test. They’re issued by a central entity, and they’re sold to investors with the expectation of a profit. All cryptos have foundations, CEOs, legal teams, headquarters etc…. How could they possibly be decentralized? If they’re not decentralized then they require trust that the ledger and blockchain will not be manipulated. Trust is the whole problem with our current fiat system. We trust governments and politicians not to debase and devalue the ledger and they do it anyway. Those closest to the money printers always get most of the wealth when new money is created. Cyrtpos like Solana that are not decentralized have no real use-case other than as self-referential gambling mechanisms. Feel free to gamble all you want on them, I hope you make lots of profit (statistically) most retail investors will lose) but these projects are not going to change the world. Period. They will all end up going to 0 either via a rug pull, or because they are regulated to death.