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 market downturn, I reflect on this journey, summarizing experiences and viewpoints for myself and everyone to reference in the next bull market.
This sharing is not meant to boast; after all, the money earned by luck has been lost, and I can't pretend otherwise. I only wish to endure 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 $doge's rise: 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 profits, some even multiples of their investments.
Before buying $shib, many old coin friends had already reached A8 level by holding bnb/cake or participating in defi mining. Meanwhile, I had 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 only 200 tokens, a stark contrast to my group friends. After comparing, I concluded: if I continued to play with mainstream or common altcoins, I would not catch up with them and would end up as a bag holder. At that time, I had a strong desire to seize the hot trend 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 but information-rich message in a small group. On the evening of March 14, I had already researched $shib, and though I couldn't claim to be 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 did not 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 tokens 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 amount received was far from it.
On-chain purchase record
The following picture is a small episode: Jinse Finance once issued a news alert about $shib, but I have forgotten the content. I forwarded it to a group friend, but because Jinse Finance is not reliable, the group friend ignored it.
Second discussion about $shib
After buying on March 15, it rose nearly double, then fell gradually. By April 16, before the surge on Matcha, I was stuck with $fei and needed cash, so I sold 20,000 U worth of $shib at the original price, leaving me with a 30,000 U position. In the meantime, the 30,000 U dropped to 15,000 U.
By the end of March, the entire network was fomoing into the stablecoin $fei, and I invested about 2 million with all my funds. It was extremely torturous when $SHIB did not rise: I had no money to operate, yet I watched my group friends show off their soaring coins. I truly felt that this money might go to zero, thinking that the money earned in the bull market would 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, Matcha listed $SHIB. Coincidentally, my entrepreneurial brother came to Shenzhen, and we had dinner and massages reminiscing about the past. That weekend, I didn't sleep at all, boasting while staring at Matcha, my eyes glued to the screen.
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 of $fei.
I don't know why I firmly held onto $shib without selling; perhaps the desire to get rich was too strong. Deep down, I was 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 only allow checking for a year.
First surge K-line chart
On Monday, April 19, I arrived at the company around 10 am to organize work on WeChat for enterprises. The leader arranged tasks, and I confirmed the process, to which he replied:
Unexplainably confronted
My heart exploded: do whatever you want. After he finished speaking, he even called me to the office to talk for half an hour. I retorted, "Are you done? Then I have something to say: I want to resign."
Saying it felt as satisfying as a male protagonist in a web novel reversing his fate, mainly because I had endured his constant squeezing for a long time.
Looking back, I still feel I wasn't tough enough; I cared too much about face and regretted not confronting him directly in the work group. Truly, it’s like: enduring for a moment makes you angrier, taking a step back makes you feel more loss.
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 resignation incident was interesting: I didn't mention making money when I proposed my resignation, as I am low-key by nature, falsely claiming my partner needed to return to Guangzhou. He tried to persuade me to stay for half a month, and during team-building, he talked to me alone to persuade me. 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 earned 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 funniest part was a week later when I liquidated 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 stopped trying to save face.
IV. Liquidation and Exit (Crazy Zoo)#
After the pullback on April 20, it did not continue to decline but showed a relatively stable trend, which allowed me to hold on. If it had dropped for a long time, I would have run. In just half a month, good news kept coming: more and more people discussed $shib, Musk's rocket launch had fans leaving crazy comments, and everyone believed it would rise. The three major exchanges had not yet listed it. At the end of April, Xue Manzi publicly called for it. A few days after the call, OK listed it.
Li was very supportive everywhere
Never seen such craziness in the circle
I clearly remember that $shib went live on OK on May 8 at noon, because OK partners hinted it would go live at 12. However, I was out for lunch with my leader (the resignation procedures were not 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 followed suit and went live. I thought: with two major exchanges already listed, Binance, as the first exchange, wouldn’t list it too quickly, right? So I liquidated my position, planning to buy back after a deeper pullback. Unexpectedly, Binance listed it on the 10th, and I missed half of an A9 within 48 hours.
The subsequent story is well-known: the zoo went crazy for over a week, followed by the explosion on May 19. My story with $shib comes to a temporary end.
Three major exchanges went live in two consecutive days
V. Experience & Summary#
Making big money often relies on luck, and to a greater extent, on fate. However, those who change their fate seem to do so by chance, but there are many prerequisites. If you completely lay flat, even a deity cannot 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 do? 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 effort is the foundation. During that time, I worked extremely hard, staying up late and messing up my schedule, which led to kidney stones. I bought a bit of any new project, regardless of whether I understood it, and then researched it after buying; similar opportunities can help seize the initiative.
The key is the fighting spirit; I surpassed most of my classmates because of this. 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 did not learn this. I can only say that I must change in the next bull market.
Finally, I wish everyone who turns around in the crypto world can buy their own $shib.
OKX This Month's Activities#
New users who register on OKX this month can receive a blind box or Dogecoin gift package. You can register directly in China: Click here–>Jump to the official website to register an OKX account, some regions need to use a VPN or alternative link
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Related Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Rankings Are Out 🔥【Worth Collecting】
【Real Stories of Getting Rich in Crypto】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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