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 viewpoints 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 otherwise. 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 realized from the rise of $doge that if there was 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, which were several times or even dozens of times.
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, I concluded that if I continued to play mainstream or common altcoins, I would not be able to catch up with them and would become a bag holder. At that time, I had a strong desire to seize the hot trend and amaze everyone.
II. The Wheels 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 although 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 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 USDT, and at the highest price of $shib of 0.00008836650000000000=57.43 million USDT. Although the calculations were satisfying, the actual amount received was far from it.
On-chain purchase record
The following image is a small episode: Jinse Finance once released a news alert about $shib, but I have 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 about $shib
After buying on March 15, it once surged nearly double, then fell gradually. By April 16, before the surge on MEXC, I was trapped by $fei and needed money, so I sold 20,000 USDT worth of $shib at the original price, leaving me with a 30,000 USDT position. During this time, my 30,000 USDT was halved to 15,000 USDT.
At the end of March, the entire network was fomoing into the stablecoin $fei, and I invested about 2 million with my entire position. It was extremely torturous when $SHIB didn’t 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 I worked hard to earn in the bull market would just disappear, leading to extreme despair. Fortunately, after half a month, things took a turn for the better.
III. The First Crazy Surge of $shib (Resignation Incident)#
On a regular Friday, April 16, MEXC listed $SHIB. Coincidentally, my entrepreneurial brother came to Shenzhen, and we had a meal and a massage reminiscing about the past. That weekend, I didn’t sleep at all, boasting while keeping an eye on MEXC, 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 was determined not to sell $shib, perhaps because my desire to get rich was too strong. Deep down, I was even thinking of 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 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. The leader arranged tasks, and I confirmed the process, to which he replied:
Unreasonably confronted
My heart exploded: "Do it if you want." After he finished speaking, he even called me to the office to nag 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 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, too concerned about face, and regret not confronting him directly in the work group. Truly, “enduring for a moment leads to more anger, taking a step back leads to more losses.”
Resignation letter
At that time, the total value of $shib was about 600,000-700,000 USDT, and after cashing out $fei, it could reach 900,000-1,000,000 USDT.
The small episode of my resignation was interesting: I didn’t mention making money when I proposed to resign, as I am 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 7-8 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 things were in the crypto world, and I said 7-8 million was about to become 20 million. He was left speechless and didn’t try to save face anymore.
IV. Liquidation and Exit (Crazy Zoo)#
After the pullback on April 20, it didn’t continue to decline but showed a relatively stable trend, which allowed me to hold on. If it fell 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 fans were 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. A few days after his call, OKX listed it.
Li was very supportive everywhere
Never seen such craziness in the friend circle discussing a coin
I clearly remember that $shib went live on OKX at noon on May 8, as my OKX partner hinted it would go live at 12 o'clock. 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 listed it. I thought: with two major exchanges already listed and having surged so much, 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 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 comes to a pause.
Three major exchanges listed it in two consecutive days
V. Experience & Summary#
Making big money often relies on luck, while on a larger scale, it relies on fate. However, those who change their fate seem to have many prerequisites. If you completely give up, 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, and my irregular sleep led to kidney stones. For any new project, regardless of whether I understood it or not, I would buy a little, and after buying, I would research it, seizing similar opportunities.
The key is the determination not to give up; I surpassed most of my classmates because of this. Especially in this market, everyone may not operate, but don’t leave the circle; the wheels of fate will turn towards you.
Investment is ultimately risk management (position management), and I suffered heavy losses in this bear market because I didn’t learn this. I can only say that I must change in the next bull market.
Finally, I wish everyone in the crypto world who turns their fortunes around can buy their own $shib.
OKX Activities This Month#
New users who register on OKX this month will receive a blind box or Dogecoin gift pack. You can register directly in China: Click here –> Go 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 the Crypto World】 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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