Why my SOL allocation is as such (Patreon)
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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.