SHIB Investment Practice: A 52-Day Journey from 30,000 U to 2.6 Million U

I. Introduction#

Many friends online and offline are curious about how I have held onto $shib for a long time. 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, but now, during this market downturn, I will review this journey and summarize experiences that can serve as references for the next bull market.

This article is by no means a boast (after all, the profits from the hype have mostly been given back), but rather a way to share with my brothers as we weather this winter and prepare for a comeback.

During the tenfold surge of $doge from late January to early February 2021, I regretted stopping my $doge long position when Bitcoin dropped from 40,000 to below 30,000. However, I realized the importance of closely following Elon Musk's movements, which laid the groundwork for my subsequent investment in $shib.

That time was unforgettable: working during the day and tossing and turning at night, mingling in communities to relieve anxiety. In the early morning, I often saw group friends sharing screenshots of returns that were multiples or even tens of times their investments.

Before buying $shib, I witnessed many veteran players upgrading to A8 by holding bnb/cake or participating in DeFi mining. In contrast, I had used a 200,000 loan from China Merchants Bank in 2019, which shrank to 100,000 in 2020, and peaked at only 200 at the beginning of 2021, highlighting the vast difference. At that time, I made a silent determination: if I continued to play with mainstream altcoins, I would inevitably become a bag holder; I had to seize the new opportunities to achieve a turnaround.

II. Turning Point#

Looking back, this screenshot is already two and a half years old, and the past is vivid in my mind.

On the morning of March 15, I sent this message in a small group; the brief text carried a lot of information. In fact, I had already done in-depth research the night of March 14. Although I can't claim to be the first to discover it in the country, the lack of mentions in WeChat searches at the time led to insufficient confidence, and I didn't get in on time. On the morning of the 15th, after seeing the big shot @liping007, I immediately followed his investment.

Small group CX $shib

Record of Mr. Li's lead investment

On-chain data shows that on that morning, approximately 650 billion coins were purchased, which, at the current price of 0.00000817, amounts to about 5.31 million USDT, and at the historical peak of 0.00008836, it would be worth 57.43 million USDT. Although the numbers on paper were exciting, the actual returns were vastly different.

On-chain transaction proof

During this period, Jinse Finance released a news alert about $shib (the content has been forgotten), and I shared it with group friends, but due to the media's credibility issues, it was not taken seriously.

Second CX record

After establishing my position on March 15, it experienced a decline before doubling. On April 16, before going on the exchange, I was forced to close a position of 20,000 USDT due to cashing out $fei, and my remaining 30,000 USDT position was halved to 15,000 USDT.

At the end of March, the entire network was in a FOMO frenzy over the stablecoin $fei, and I invested my entire 2 million into it. The sideways movement of $SHIB was exceptionally torturous: with no funds to operate and witnessing friends' coin prices soar, I despaired several times, thinking that my efforts in the bull market would go to waste. Fortunately, a turning point came two weeks later.

III. First Round of Explosive Growth (Resignation Interlude)#

On an ordinary Friday, April 16, $SHIB was listed on the exchange. Coincidentally, my entrepreneurial brothers came to Shenzhen for a gathering, and while toasting, we kept a close eye on the market, witnessing a twentyfold surge over three sleepless days. At this point, my $fei position was no longer relevant.

It's hard to explain the firm mindset of holding onto my coins at that time; perhaps the obsession with getting rich was too strong. I even made a move to acquire lower-priced chips during my clearest moments.

gate.io deposit record

Here, I must praise gate.io; although I don't like its UI interaction, the transaction record query function far exceeds its peers, and the historical data retrieval is quick and complete.

First round explosive growth candlestick chart

On the morning of April 19, during the Monday meeting, the leader inexplicably launched an attack:

Sudden workplace conflict

The repressed emotions exploded in an instant: "I want to resign." After half an hour of lecturing, the moment I blurted it out felt as liberating as a protagonist's comeback in an online novel.

Resignation application

At that time, the market value of $shib was about 600,000 to 700,000 USDT, and combined with my $fei position, my total assets were nearly 1 million USDT. The resignation process was quite dramatic: I resigned under the pretext of "going to Guangzhou for a reunion," and the leader tried to persuade me to stay for half a month without success. During a team-building event, I revealed that "I made seven to eight million," and the other party forced a smile, saying "it's not enough to buy a house in Shenzhen." A week later, when I informed them that my assets had doubled to 20 million, they fell silent.

IV. High-Position Cashing Out (Zoo Frenzy)#

After the pullback on April 20, the trend stabilized, boosted by discussions about Musk's rocket plans, Xue Manzi's calls, and the listings of the three major exchanges, which greatly increased confidence in holding coins.

On May 8, the day OKEx listed, I missed the peak opening due to a leadership dinner. In the afternoon, when Huobi followed up, I judged that Binance would not list in the short term, so I cashed out my entire position. Unexpectedly, 48 hours later, Binance suddenly listed, and I missed a significant wealth leap.

After that, the zoo concept went crazy for a week, and the sharp drop on May 19 marked the end of the story.

The three major exchanges listed consecutively

V. Summary of Experiences#

Large profits may seem like luck, but they are actually the result of multiple factors accumulating. Those who completely give up cannot be saved by even the gods.

Daring to think and act is the key to breakthroughs. The differences among players during the same period sparked my fighting spirit; although the results may vary greatly, the process of striving is indispensable.

Fate may be predetermined, but effort lays the foundation. The drive to research projects and seize opportunities, even to the point of getting sick from staying up late, is worth it.

The spirit of never giving up helped me surpass my peers at various stages. In a bear market, one can lie low, but it is essential to stay within the circle and wait for the turning point.

The ultimate lesson remains risk management (position control); the painful lessons from this bear market will surely lead to improvement in the next bull market.

I hope every dream chaser can find their own $shib.

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