$SOL Scary, when I sleep at night and wake up in the morning to see the beard drop down to 213 like this, then Long and the others must have gone more than half, while I hurriedly pressed the buy button at the mark of 221-222$ to gather a little more, if it drops further then I will gather more, calculating from the moment it was 170 to 235, now I might end up gathering from 135 back to 170 too 🤣😆. If it drops a bit more, I'll buy one more for fun!
$SOL Whoever has experienced several BTC adjustments of 40-50% in just 2-3 days and Altcoins dropping to the bottom will see that these few red ticks now feel like a light autumn breeze. In fact, Altcoins are quite strong right now; I just hope they adjust a bit more so I can DCA with more confidence 😁. Every time the price drops sharply, I confidently hit the Buy button.
$SOL If SOL reaches the milestone of 300 in the next few months, I think we will never be able to buy SOL below 150$ again, even with ETH or even SOL, the bottom level will be raised thanks to the absorption of large traditional institutions, and they have very long-term goals! Therefore, a drop of over 50% is unlikely to happen!
$SOL When Wall Street investment funds are spreading the story about Solana, I don't think the potential of Solana will just stop at the current level!
Let's look back at the story from BTC highlighted by Microstrategy with Michael Saylor spreading the story of BTC, or Tom Lee from Bitmine spreading the story of ETH; these two figures have significantly contributed to bringing BTC and ETH closer to the traditional market, where real big players are ready to pour unprecedented huge amounts of money into these two assets!
So what about Solana? Solana has had its own story for a long time, but it has lacked a STORYTELLER, and that storyteller has appeared just in time to bring Solana alongside BTC and ETH sneaking into the traditional market, which is Dan Morehead (the founder and CEO of Pantera Capital, one of the largest investment firms focused on cryptocurrency and blockchain technology in the United States. He is known as one of the pioneers in investing in Bitcoin and digital assets), and currently there are no less than 5 large investment funds from Wall Street buying Solana with enormous amounts of money, and the story about Solana is gradually being spread even more. Dan Morehead believes that what ETH can achieve, Solana can also achieve and even do better right on its Layer 1 without having to rely too much on Layer 2 like ETH. So let's wait and see where the story of Solana will go in the near future; I believe that this price is even cheap for Solana if we zoom out in the long term and consider what it has, is, and will be able to achieve!
$SOL With this chart, if there is a correction after the interest rate news "Sell the news", the best scenario would be to return to the range of 200-2010 and then bounce back! This way, there will be more time to DCA at the lower price range once again!
$SOL $ETH The whole market is as tense as a guitar string while waiting for the Fed chairman's speech, everything is still compressed just waiting to be released or to snap. But the long-term goal remains the same, the S&p500 index and BTC have still reached their peaks despite the Fed's interest rates remaining high for the entire past year!
DAN MOREHEAD (PANTERA CAPITAL): $SOL (Solana) IS OUR LARGEST INVESTMENT
🔹 Dan Morehead (Pantera Capital) shared on CNBC that both Ethereum and Solana will continue to play important roles and this is not a market where 'the winner takes all'. Just like the internet has many major companies, there will be many key blockchains, not just one.
🔹 He emphasized that Solana is currently Pantera's largest investment with about 1.1 billion USD in SOL. He stated that this is the fastest, cheapest, and highest-performing blockchain, even outperforming Bitcoin over the past 4 years. Solana processes about 9 billion transactions each day, more than all traditional capital markets combined.
🔹 Morehead predicts that in the long term there will only be a few blockchains like Bitcoin, Ethereum, and Solana, not thousands, but certainly more than one.
🔹 He mentioned that Pantera once held 100% Bitcoin and had significant positions in Ethereum, and while new technologies may emerge in the future, currently Solana remains their largest investment.
🔹 He also noted that blockchains serve different purposes, for example, Bitcoin plays the role of 'digital gold' and Ripple aims to replace the SWIFT system for cross-border payments.
My personal perspective on the Fed's interest rate meeting tomorrow is as follows: 1. Will the Fed keep the interest rate unchanged? -> No, the Fed will almost certainly have to lower interest rates, as the U.S. interest rates are too high, coupled with Trump's tariff policy and negative signals from employment will force the Fed to lower rates.
2. By how much will the Fed lower the rate? -> It is highly likely to be 0.25%, and there are a few surveys suggesting it could be 0.5% (in my view, the probability of a 0.5% cut is low, but not impossible)
3. So how much should it be lowered, 0.25% or 0.5%? -> Actually, any reduction is good; if it’s 0.25%, the market will not fluctuate much because everyone has already assumed that the Fed will lower by 0.25%. However, if it is 0.50%, it would be a surprise, and the market could see a short-term pump.
4. Besides the interest rate adjustment announcement, is there anything else that could affect the market? -> Yes, besides the numbers the Fed will announce, such as a cut of 0.25 or 0.5%, the most impactful factor on the market will be the speech of Fed Governor Jerome Powell after the interest rate announcement, around 25-30 minutes later, the tone will be "Hawkish" or "Dovish", and what the next steps of the Fed will be! A one-time cut? Or will there be more cuts this year? In fact, what the market is waiting for and wants to hear is how the Fed will act in the future, not just waiting to hear that the Fed will cut rates by 0.25%. If Powell's tone is dovish, the market could pump strongly, and vice versa. $SOL $ETH
$SOL Sometimes there are a few people who comment and I find it very interesting 😆, they ask why not go all in from the price level of 19x and wait until now when SOL is at its peak to buy in, this is really hard to answer. When buying at the price of 17x-18x, some people also complained about buying at the peak, now at 23x they are also complaining about buying at the peak, why didn't they go all in when the price was low? Honestly, it’s really hard to answer 😄. If I knew where the peak and the bottom were, I would have sold my house, sold all my land, and all-in into SOL 3-4 years ago when it dropped to a few dozen dollars, then suffered for a few years after it went x100 to become a billionaire and retire early, who knows when I bought it if it was the peak or the bottom? So DCA is a strategy that doesn't yield as much profit as all-in at the bottom, but it's a good way to manage risk, and besides the initial capital, you also have to wait for your salary every month to have money to allocate for further purchases. You can’t just conjure up a large sum of money, right? Should I rob a bank? 😜. That’s the reason why large funds and big companies accumulate 100% of their holdings through DCA, to have time to raise capital, manage risk, and also survive longer in the market.
$SOL Region 239-241 strong resistance, the sellers pushed down several times but couldn't break through, if it falls below 239 then there is a high chance of a strong dump, ideally sideways in the area above $240 and then bounce up to break resistance at 250!
On the 17th, there will be information about an increase or decrease in the Fed's interest rates. Besides BTC, Altcoins including top Altcoins like Sol or ETH could also experience a normal dump or pump of 10-15%. For those who do not have holdings, this is not a suitable entry point. For those who plan to hold long-term, there is no need to worry, just stick to the plan and accumulate! $BTC $ETH $SOL
$SOL $ETH I feel like something big and positive is about to happen with Solana and Ethereum, at the end of this year and next year! Both of these top altcoins are standing at the threshold of history and need to seize the opportunity to prove their utility and technological applicability in a traditional financial environment that people have become accustomed to, which may seem too outdated for the younger generation!
$SOL The milestone of $250 is not far away, next will be $270 and $300, reaching $300 will also shake off those with weak hands. It's still the same old story, Coin reaches its peak but most people lose money, while the simplest way should have just been to DCA when it is sideways, buy when it drops, sounds simple but more people lose than win!
$SOL They laugh at me because I don't look like them, I laugh at them because they are too similar. You may have watched hundreds of videos from various channels or even from celebrities, people often say the phrase "update on the situation of #Bitcoin and #ETH today" but in just a few years they will have to add #Solana to the end of that statement. The market goes down and up, up and then down again, only those with faith will reap the deserving rewards! You may have heard me mention Solana recently to the point of annoyance, but that is faith, guys! This market is different now than before when the big players are DCAing at both the bottom and the top, what are we doing? We are hunting for lottery tickets x10-x100 and how many are truly lucky! If there is a stable source of income, I advise you to DCA, DCA has lower profits than bottom fishing, but when the investment capital gradually increases, even if the account only grows by 10-20%, that is already a great success. For those who do not know DCA and have a mindset that is not strong enough, please watch the Thuận Capital channel, the channel that I cherish the most and has guided me in the right direction from the start! Ps:/ The first car bought thanks to DCA BTC 😅