“I can guarantee that surpassing 90% of traders when doing solana staking,” he says.
Block Solana (Sun) in Staking prevented him from “betting” in Memecoins.
The first thing that the reader has to know is that Memecoins trading is a casino and does not look anything like a financial strategy to obtain astronomical profits. Can you go well? Yes of course. The issue here is that most of the time it goes wrong.
Because people who make memecoins trading usually buy this kind of assets, that do not have a practical utility and are only used for financial speculationhoping that its price will rise in seconds.
However, as in the casino, the house always wins. And in this case, the house is the Insidersthose people who have privileged information and sold when the price was at the top. An example of this is what happened with Mbappe, a memecoin inspired by the famous French footballer, Kylian Mbappé.
As Cryptonoticias reported, the cryptocurrency of the Solana Network was promoted in the X’s X Real Madrid footballer’s account, which had been hacked. Despite the warnings, many traders did not see that it was a scam and decided to buy the asset, driven by the fear of missing something, a term known as Fomo, for its acronym in English. On that occasion, the story of a trader was known that went from having $ 1 million to $ 9,000 in less than an hour.
Another important point is that many traders do not take into account the high volatility of tokens with low market capitalizationwhich adds an extra level of risk that not everyone is prepared to handle.
And if this introduction is not enough, what better to take as a reference the testimony of a former meme cryptocurrency trader, such as Adventurous-Date-397. In a publication on the social network Reddit, said: “Solana’s staking has saved me from myself. I have lost a lot of betting with meme coins, but this forces me to block so as not to fall into the fomo and end up doing nonsense. In two hours they pay me. And it is compound interest.”
But we are going in parts, because the first thing to emphasize is that Memecoins’s own trader He explicitly says “bet with meme coins”. That is, it does not speak of “invest” or “place capital according to a strategy.” Talk about bets.
Because that is what many of these cryptocurrencies represent: a game of chance with the illusion that one can double or triple their money in seconds, just because something goes viral in social networks.
This type of behavior ends up affecting both the finances and the mental health of those who practice it. You enter cycles of anxiety, repentance and constant need to recover the lost. And the worst: many do not even realize that they are trapped in that dynamic. For this reason, the now former memecoin trader highlights this with a blunt phrase “Solana Staking has saved me from myself”.
Staking and other alternatives
Staking in Solana proposes a completely different logic, in terms of generating profits. Instead of buying a memecoin waiting for its price to increase by magic, it consists of blocking funds in Solana (Sol) to contribute to the validation and safety of the network.
Currently, those who make sunset receive rewards of 8.3% per year, on average.
The other alternative is liquid staking like the one offered by the Exchange Binance. In this case, the user will receive a representative token called BNSOL that accumulates rewards while retaining the ability to use it, negotiate or integrate it into defi applications, offering greater flexibility.
Perhaps it can be slower, less exciting, but it is also less destructive. Here it is necessary to clarify that it also has its risk, since the sun’s price can collapse, affecting the value of blocked holdings.
The other alternative is that the investor decides to acquire Bitcoin (BTC) to hold long term. Historically, the currency created by Satoshi Nakamoto is usually the best option to accumulate.
Taking into account that the price of BTC is close to Its maximum historical (ATH) of 111,910 dollarsIt will be difficult to obtain fast profits. However, the following graph shows how the price of BTC has evolved over the years, showing an upward trend.
What if there are price drops? That is not a problem for investors who bet in the long term. Each fall It represents an opportunity to buy cheaper BTC and thus increase their holdings.
A sample that it is emerging as the best long -term option is that more and more companies are issuing debt to acquire BTC as a reserve asset. Since its supply is limited to 21 million units – and that its issuance is reduced with each halving – if more institutions want to buy BTC, its price will rise, by simple supply and demand law.
Thus, it is clear that it is best not to get carried away by emotions and think about a financial strategy so as not to lose in Memecoins casino.
