My Personal Experience with Solana from 2020: Story of a Seasoned Trader

My name is Will smith, and I have been active in the trading world for the last three decades. From the stock market, commodity trading, and forex market to cryptocurrencies, I have seen all kinds of ups and downs. I started my career in the 1990s, when trading meant just shouting buy and sell in the stock exchange. But with time technology changed everything. In 2015 I entered the world of Bitcoin and in 2016 Ethereum, and both of them gave me good profits. But in 2020 I met another revolutionary cryptocurrency—Solana. Today I want to share with you my journey with Solana, in which I made many correct predictions, made good profits, and learned a lot from this digital currency world. This story is the story of my experience, my strategies, and my patience.

First Steps Into Solana World: That Year of 2020

In 2020, I first heard about Solana. At that time, I had already invested in Bitcoin and Ethereum and was making good profits from them. But I am always looking for new possibilities. In an online crypto forum, I read about Solana. It was a new blockchain project, known for its speed and scalability. Solana claimed that it could process thousands of transactions per second, which was a huge difference compared to networks like Ethereum at the time. I immediately decided to get to its roots. I read about Solana founder Anatoly Yakovenko and tried to understand his Proof-of-History (PoH) concept.

At that time, Solana was priced around $1-2. It was very low, and the buzz in the market had just started. Most people considered it to be another new project that might not last long. But I assessed its prospects using my 30 years of trading experience. I felt that Solana’s fast and low-cost transaction capabilities could make it popular among developers and investors in the future. I decided to invest a small part of my portfolio—about Rs 2 lakh—in Solana. At that time, I bought around 50,000 SOL tokens. It was a risky move, as Solana was a new project at that time, and there was a lot of uncertainty about its future. But I was confident in my decision. I stored my SOL tokens in a hardware wallet and waited. I did not know how beneficial this decision was going to be for me.

2021 Boom: My first big prediction proved correct

Till the end of 2020, the price of Solana did not change much. It kept hovering around $2-3. During this time I kept patience. I saw that gradually awareness about Solana was increasing. Developers were launching new projects on its platform, and NFT and DeFi projects built on Solana were gaining popularity. At the beginning of 2021, I thought this year was going to be big for Solana. I made my prediction that Solana’s price could reach $100 by the end of 2021. My friends laughed at me and said that I was expecting too much. They said that the future of new projects like Solana is uncertain. But I trusted my experience and market trends. I saw that the demand for Solana was increasing, and many big investors were showing interest in it.

And then what I expected happened. In 2021, Solana’s price started skyrocketing. By November 2021, its price crossed $260. My 50,000 SOL, which I had bought for Rs 2 lakh, was now worth around Rs 1 crore. This was a huge profit in my trading career. I sold my 25,000 SOL at that time and made a profit of about Rs 50 lakh. But I decided to hold on to the remaining 25,000 SOL, as I thought it would go higher. This decision also proved to be right, but before that I had to face some difficulties. At that time, I used a part of my profits for my family—I created a fund for my children and gifted my parents a new car. It was very satisfying for me.

2022 Crash: Lessons and Patience

Solana’s price fell drastically in early 2022. It fell from a high of $260 to $30. There was an uproar in the market. There was a big crash in the crypto market, and Solana also faced many problems. The network had some technical issues, and it went down several times. Investor confidence was shaken. People who had bought Solana at high prices started selling in panic. Many people also advised me to sell my remaining SOL, otherwise all my profits would be lost. But instead of panicking, I resorted to my experience. I saw that this decline was temporary. Solana’s technology and its platform were still strong. Developers were working on it, and steps were being taken towards solving the problems of the network. I held my SOL. This time was very difficult for me, because people around me were repeatedly telling me that I had made the wrong decision. But I kept my patience.

By the end of 2022, the market stabilized a bit, but prices were still low. During this time I tried to understand Solana’s ecosystem more deeply. I saw that developers were creating NFT, gaming, and DeFi projects on its platform. I invested in my portfolio. I decided to diversify further and invested in some new tokens that were built on the Solana network. This decision also proved beneficial for me, as some of these tokens later saw a good increase in price.

2023-2024 recovery phase: Return of profits

Solana’s price started to rise slowly in 2023, and it came back into the limelight in 2024. This time Solana had largely resolved its technical problems, and demand for the network started to rise again. Many new projects used its platform, and NFT and gaming projects built on Solana caught the attention of investors. I again made a prediction that Solana would cross $150 in 2024. And once again, my prediction proved to be correct. Solana’s price reached $180 in 2024. My remaining 25,000 SOL was now worth around Rs 3.5 crore. I sold 10,000 SOL this time and made a profit of Rs 1.5 crore.

This profit made me financially stronger. I fulfilled some of my dreams—I took a foreign trip with my family, built a small community center in my village, and created a large fund for my children’s higher education. But I still held on to the remaining 15,000 SOL, as I think Solana has a brighter future.

Today’s situation and future expectations

By 2025, Solana’s price has seen many fluctuations. But I am still in profit. I still have 15,000 SOL, and their value is still in crores. I learned a lot in this journey. The biggest lesson was that patience and discipline are very important in trading. Solana’s volatility troubled me many times, but my experience and correct predictions always kept me on the right track.

I believe Solana has a very bright future. Its speed, low cost, and scalability will keep it popular among developers and investors. Governments are now taking crypto seriously, and there is talk of regulating it in many countries. This is a good sign, as regulation will bring stability to the market. I would like to advise new traders to do thorough research, understand their risk, and be patient before investing in Solana. This is a world where there are stories of getting rich overnight, but the risk of loss is equally big.

Conclusion

My journey with Solana has been very exciting since 2020. During this time I made many correct predictions, made good profits, and understood this new technology closely. Today I am financially secure, and a big credit for this goes to Solana. But this journey was not easy. It required patience, discipline, and making the right decisions at the right time. If you also want to step into this world, then my advice is to proceed with caution, and always keep learning. Solana taught me that taking risks is important, but it’s even more important to take them wisely.

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