SHIB Investment Comeback Record: 52 Days from 30,000 U to 2.6 Million U Practical Journey

I. Introduction#

Many friends online and offline are curious about why I have been able to hold onto $shib for a long time. Multiple versions of this story have been shared on different occasions. Last year, due to continuous losses, I was not in the mood to organize my thoughts. Now, taking advantage of the market downturn, I will review this experience and summarize the lessons learned for reference in the next bull market.

This article is by no means a boast (after all, the money made during the hype has mostly been given back), but I hope to share this journey with you as we endure the winter together, waiting for the day of resurgence.

From late January to early February 2021, $doge saw a tenfold increase. At that time, I was forced to stop-loss my $doge long position due to Bitcoin's drop from 40,000 to below 30,000, and in my regret, I realized a key point: I must closely follow Elon Musk's movements. This laid the groundwork for my subsequent investment in $shib.

That period is unforgettable: working during the day while slacking off, and tossing and turning at night, mingling in communities to relieve anxiety. Every time I saw friends in the group posting returns of several times or even dozens of times in the early morning, the inner turmoil was indescribable.

Before buying $shib, many veteran players had already achieved A8 wealth by holding bnb/cake or participating in DeFi mining. Meanwhile, my 200,000 principal from a loan at China Merchants Bank in 2019 shrank to 100,000 in 2020, and at the beginning of 2021, it was only 200. The gap was significant. At that time, I realized clearly: if I continued to operate with mainstream coins and regular altcoins, not only would I be unable to catch up, but I would also become a bag holder. The strong desire to seize the new opportunity and amaze everyone grew stronger.

II. The Wheel of Fortune Starts#

Looking back at this trading screenshot, it has already been two and a half years, as if it were just yesterday.

On the morning of March 15, I sent this message in a small group, which was quite informative: the night before (14th), I had deeply researched $shib. Although I can't claim to be the first gold digger in the country, there was no discussion found in WeChat search at that time. Due to a lack of market validation, I lacked confidence and did not build my position in time. On the morning of the 15th, I saw Mr. Li @liping007 calling for trades in the group, and I immediately followed suit.

Small group promotes $shib for the first time

Mr. Li's leading investment record

Checking the on-chain data, I purchased about 650 billion tokens that day, valued at 5.31 million U at the current price of 0.00000817, and reached 57.43 million U at the historical peak of 0.00008836. Although it looked good on paper, the actual amount received was far from it.

On-chain transaction proof

During this period, there was an interlude: Jinse Finance once released news about $shib, but due to the platform's lack of credibility, group members did not take it seriously.

Second promotion of $shib

After building my position on March 15, I experienced a brief doubling before it continued to decline. Before April 16, due to the need to cash out $fei, I sold 20,000 U at cost price, and the remaining 30,000 U position was halved to 15,000 U.

At the end of March, the entire network was hyping the stablecoin $fei, and I invested about 2 million with my entire position. The sideways period of $shib was exceptionally torturous: there was no capital operation, and I witnessed friends' coin prices soaring. I once fell into despair with my funds nearing zero, but fortunately, a turnaround came half a month later.

III. First Round of Violent Surge (Resignation Turmoil)#

On Friday, April 16, $shib was listed on the MEXC exchange. Coincidentally, my entrepreneurial partners were gathering in Shenzhen, and while talking all night, I kept a close eye on the market, watching the coin price soar more than 20 times in three days. At this point, the locked position in $fei was no longer important.

It's hard to explain the composure I had at that time; perhaps the obsession with getting rich was too deep. I even managed to successfully trade to acquire low-cost chips during my clearest moments.

Recharge record at gate.io

Special thanks to gate.io: although the UI interaction is lacking, the trading record query system far exceeds its peers, supporting quick retrieval across all time periods.

First round of explosive K-line

On Monday, April 19, while communicating at work via WeChat, I was suddenly unjustly criticized by my boss:

Sudden workplace conflict

The repressed emotions exploded instantly. After a half-hour reprimand, I calmly announced, "I am resigning." At that moment, the experience was comparable to the male protagonist in a reversal web novel, especially considering that the value of my $shib holdings was 600,000 to 700,000 U, and with the funds from $fei, it could reach the million U level, giving me a lot of confidence.

The resignation interlude was quite interesting: to keep a low profile, I lied that I was resigning due to a long-distance relationship. The boss tried to persuade me to stay for half a month, until during a team-building event, he admitted, "I made seven or eight million and need to rest." The other party forced a smile and said, "Buying a house in Shenzhen would spend it all," and I just smiled without saying anything. A week later, when the market cap of $shib soared to the 20 million level, he fell silent after asking about my situation.

IV. High-Position Cash Out (Zoo Carnival)#

After the pullback on April 20, the trend stabilized, coupled with positive news such as Musk's rocket launch support, Xue Manzi's calls, and the three major exchanges listing successively, confidence in holding increased significantly. On May 8, the day OKEx was listed, I missed the peak sale due to having lunch with my former boss, deepening my resentment towards him.

Following Huobi's listing, I judged that Binance would not follow suit in the short term, so I cashed out my entire position. Unexpectedly, Binance quickly listed within 48 hours, causing me to miss A9-level profits. After that, the zoo concept went crazy for a week, ultimately ending with a crash on May 19, marking the end of my story with $shib.

Three major exchanges listed successively

V. Summary of Experiences#

The appearance of large profits is luck, but the essence is a gift from fate. However, those who change their fate seem to have coincidental circumstances, which actually have multiple prerequisites:

Driven by Ambition: Firmly believing "if others can do it, I can too," not just hindsight, but truly a key to breaking the situation.
Extreme Hard Work: I once suffered from kidney stones due to staying up late researching projects, but the accumulated knowledge helped me seize the opportunity.
Never Give Up: With this momentum, I surpassed most of my peers, and in a bear market, one must hold on and wait for the wheel of fate to turn.
Risk Management: The painful lessons from this round of pullbacks are a must-learn lesson for the next bull market.

I hope every dreamer in the crypto world can find their own $shib.

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