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Why I sold $S0L at $14

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by COINS NEWS 38 Views

(Spelling it as S0lana since this sub rate limits certain coins it hates to hear about)

Reasons why I gave in to the S0lana FUD:

  1. Rumors of FTX holding all the remaining coins.

  2. PTSD from the Luna incident. Bought some Luna at $1 when FUD was at an all time high. They rugged it even harder.

  3. Rugpulls are happening left and right nowadays. You don't want be like the Luna holders jumping off buildings is S0lana further crashes to 0.

  4. Never had any preconception that Coinbase would takeover the project and pump the shit out of it.

Conclusion: there's lessons to be learned when taking a look back on this. I'm sure many of you even sold at $8. But one things for sure, analysis should be done when deciding to buy a so-called "rug pulled gem," as the Luna and S0lana rugs had totally different outcomes, with S0lana proving for the first time that projects can indeed make a comeback after losing 95% of their value (in less than a year).

These types of analyses will be important down the lines, as debate and discussion should be had as to whether a project is indeed salvageable.

submitted by /u/cypherdust
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