I. Introduction#
Many friends online and offline are curious about how I hold $shib. I have shared this experience with different people multiple times. Last year, due to continuous losses, I was not in the mood to organize my thoughts. Now, taking advantage of the current market downturn, I reflect on this journey and summarize my experiences and opinions for myself and everyone to reference in the next bull market.
This sharing is not meant to boast; after all, the money I earned by luck has been lost. I can’t pretend to be something I’m not. I only wish to survive the bear market and rise again with my brothers.
At the beginning of 2021, from late January to early February, $doge surged tenfold. I had to stop-loss my $doge long position due to Bitcoin's drop from 40,000 to below 30,000, which left me very frustrated. At the same time, I learned from the surge of $doge: if there’s another opportunity, I must closely follow Musk. This laid the groundwork for my later purchase of $shib.
That time was unforgettable. During the day, I slacked off at work, and at night, I hardly slept, actively participating in various groups to relieve anxiety. Every midnight, group friends would show off their multiple or even dozens of times returns.
Before buying $shib, many old coin friends had already reached A8 level by holding bnb/cake or participating in defi mining. Meanwhile, I had only 200,000 from a loan from China Merchants Bank in 2019, which dwindled to 100,000 by 2020, and at the beginning of 2021, I had a maximum of only 200 coins, a huge gap compared to my group friends. After comparing in my heart, I concluded: if I continued to play mainstream or common altcoins, I would not be able to catch up with them and would instead become a bag holder. At that time, I had a strong desire to seize the hot spots and amaze everyone.
II. The Gears of Fate Begin to Turn#
Looking back, this picture is already two and a half years old, as if it were yesterday.
On the morning of March 15, I sent a short yet information-rich message in a small group. On the evening of March 14, I had already researched $shib, and though I wouldn’t dare to call myself the first discoverer in the country, no one mentioned it in WeChat search at that time. Because there was no discussion, I lacked confidence and didn’t get in. On the morning of the 15th, I saw the big shot Li @liping007 discussing it in another group, so I followed suit and bought in.
Small group discussing $shib
Li took the lead in buying
Checking the records, I bought about 650 billion coins that morning. At the current price of 0.00000817650000000000=5.31 million U, and at the highest price of $shib 0.00008836650000000000=57.43 million U. Although the calculations were satisfying, the actual returns were far from it.
On-chain purchase record
The following image is a small episode: Jinse Finance once released a news flash about $shib, but I’ve forgotten the content. I forwarded it to a group friend, but because Jinse Finance is unreliable, the group friend didn’t take it seriously and ignored it.
Second discussion on $shib
After buying on March 15, it nearly doubled, but then it fell gradually. By April 16, before the surge on Matcha, I was trapped by $fei and needed money, so I sold 20,000 U of $shib at the original price, leaving me with a 30,000 U position. In the meantime, my 30,000 U was halved to 15,000 U.
At the end of March, the whole network was fomoing into the stablecoin $fei, and I invested about 2 million with my entire position. It was extremely torturous when $SHIB wasn’t rising: I had no money to operate while watching group friends show off their soaring coins. I truly felt that this money might go to zero, thinking that the money I worked hard to earn in the bull market would just disappear, which was utterly despairing. Fortunately, half a month later, things took a turn for the better.
III. The First Crazy Surge of $shib (Resignation Incident)#
On a regular Friday, April 16, $SHIB was listed on Matcha. Coincidentally, my entrepreneurial brother came to Shenzhen, and we had a meal and a massage to reminisce about the past. That weekend, I didn’t sleep, boasting while keeping an eye on Matcha, not taking my eyes off it.
From the 16th to the 19th, it surged over 20 times. It rose to a point where I no longer cared about the locked position in $fei.
I don’t know why I firmly held onto $shib without selling; perhaps the desire to get rich was too strong. My inner self was clear-headed, even considering making waves to acquire low-priced chips.
On-chain recharge to gate.io
Here I praise gate.io: although I dislike its UI and interaction, it can check all records quickly, unlike others that can only check records for a year.
K-line chart of the first surge
On Monday, April 19, I arrived at the company around 10 AM to organize work on WeChat for business. When the leader arranged tasks, I confirmed the process, and he replied:
Unexplainably confronted
My heart exploded: do as you please. After he finished speaking, he asked me to go to the office for half an hour. I retorted, “Are you done? Then I have something to say: I’m resigning.”
Saying it felt as satisfying as a male protagonist in a web novel who turns the tables, mainly because I had endured his constant squeezing for a long time.
In retrospect, I still feel I wasn’t harsh enough; I cared too much about face and regret not confronting him directly in the work group. It truly is: enduring for a moment makes you angrier the more you think about it, taking a step back makes you feel like you’ve lost more.
Resignation notice
At that time, the total value of $shib was about 600,000 to 700,000 U, and after cashing out $fei, it could reach 900,000 to 1 million U.
The little episode of my resignation was interesting: I didn’t mention making money when I resigned, as I’m low-key by nature, and falsely claimed that my partner needed to return to Guangzhou. He tried to keep me for half a month, and during team-building, he talked to me alone to persuade me to stay. I couldn’t help but confess that I made some money and wanted to take a break. He knew he couldn’t keep me and even asked for the specific amount. When I replied that I made 7 to 8 million, he tried to save face by saying, “Buying a house in Shenzhen would wipe it out,” and I didn’t bother to argue.
The most interesting thing was a week later when I cleared my position; he asked how the crypto market was, and I said 7 to 8 million was about to become 20 million. He was left speechless and no longer sought to engage with me.
IV. Clearing the Position and Exiting (Crazy Zoo)#
After the pullback on April 20, it didn’t continue to fall but showed a relatively stable trend, which allowed me to hold on. If it had fallen for a long time, I would have run. In just half a month, good news kept coming: more and more people discussed $shib, and Musk’s rocket launch had fans leaving crazy comments, all believing it would rise. The three major exchanges hadn’t listed it yet. At the end of April, Xue Manzi publicly called for it after getting in. A few days after the call, OK was listed.
Li was very supportive everywhere
Never seen such craziness in the friend circle discussing a coin
I clearly remember that $shib was listed on OK at noon on May 8, as my OK partner hinted it would go live at 12. However, I was out for lunch with my leader (the resignation procedures weren’t completed), and I missed the opening due to poor signal in the underground parking lot and elevator, failing to sell at the high point. This deepened my resentment towards that leader.
In the afternoon, Huobi quickly followed suit. I thought: with two major exchanges already listed, Binance, as the first exchange, wouldn’t list it too quickly, right? So I cleared my position entirely, planning to buy back after a deeper pullback. Unexpectedly, Binance listed it on the 10th, and I missed half of A9 within 48 hours.
The story after that is well-known: the zoo went crazy for more than a week, followed by the explosion on May 19. My story with $shib came to a temporary end.
Three major exchanges listed in two consecutive days
V. Experience & Summary#
Making big money often relies on luck, but to a greater extent, it relies on fate. However, those who change their fate seem to do so by chance, but there are many prerequisites. If you completely give up, even a deity can’t save you.
To make big money, you need to dare to think. At that time, I asked myself: why can’t I do what others starting at the same time can? It’s not because I’ve made money that I say this; if luck were against me, my experience might also be bland.
Making big money relies on fate, but hard work is the foundation. During that time, I worked extremely hard, and my irregular sleeping patterns led to kidney stones. I bought a bit of every new project, regardless of whether I understood it, and then researched it after buying; similar opportunities allowed me to seize the initiative.
The key is the determination not to give up; with this, I surpassed most of my classmates. Especially in this market, everyone may not operate, but don’t leave the circle; the gears of fate will turn towards you.
Investment is ultimately risk management (position management), and I suffered heavy losses in this bear market because I hadn’t learned this. I can only say that I must change in the next bull market.
Finally, I wish everyone in the crypto circle who turns their fortunes around can buy their own $shib.
OKX Activities This Month#
New users registering on OKX this month can receive a blind box or Dogecoin gift package. You can register directly in China: Click here to go to the official website to register an OKX account; some regions may need a VPN or alternative link
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Related Reading#
2025 Top Ten Virtual Currency Trading Platforms in China Latest Rankings Are Out 🔥【Worth Collecting】
【Real Stories of Getting Rich in the Crypto Circle】 Many people ask me, after years of trading coins, how did I go from 0 to 11 million and then to a debt of 100,000?
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