I. Introduction#
Many friends online and offline are curious about how I managed to hold onto $shib. I've shared this experience with different people multiple times. Last year, due to continuous losses, I didn't have the heart to organize it. Now, taking advantage of the market downturn, I will completely review this experience and summarize some insights for everyone to reference in the next bull market.
This sharing is by no means a boast; after all, the money made during the hype has long been given back. I just want to help my brothers survive the winter and wait for a resurgence.
From late January to early February 2021, $doge surged tenfold. At that time, I regretted stopping my $doge long position after Bitcoin dropped from 40,000 to below 30,000, but I realized a truth: I must closely follow Elon Musk. This laid the groundwork for my later bet on $shib.
Those days are unforgettable. During the day, I slacked off at work, and at night, I tossed and turned, actively participating in the community to relieve anxiety. In the early morning, I often saw group friends sharing multiple times their profits.
Before buying $shib, many veteran players had already realized A8 through bnb/cake holdings or defi mining. Meanwhile, I had a principal of 200,000 from a loan with China Merchants Bank in 2019, which was reduced to only 100,000 by early 2021, with a maximum of only 200 tokens, a huge gap. At that time, I understood: if I continued to play with mainstream altcoins, not only would I not catch up, but I would also have to take over. I was extremely eager to seize the new opportunity and achieve a shortcut to success.
II. The Wheels of Fate Begin to Turn#
Looking back at this chat screenshot, it has already been two and a half years, as if it were yesterday.
Small group CX $shib
Mr. Li took the lead in buying
The message sent in the small group on the morning of March 15 was packed with information. I had already done my research on the evening of the 14th. Although I can't claim to be the first gold digger in the country, no one mentioned it at that time in WeChat search. Due to the lack of market heat, I didn't dare to take action that night. On the morning of the 15th, seeing the big shot @liping007 call the trade, I decisively followed.
On-chain records show that on that day, I bought 650 billion tokens, which, at the current price, amounts to 5.31 million USDT, and at the historical peak, it reached 57.43 million USDT. Of course, this is just a theoretical value; the actual amount received was vastly different.
On-chain purchase record
During this period, there was an episode: after Golden Finance released news about $shib, I immediately recommended it to my group friends. However, due to the platform's credibility issues, everyone did not take it seriously.
Second CX $shib
After establishing my position on March 15, I experienced a brief doubling before entering a downtrend. Before going on Matcha on April 16, I was forced to close a position of 20,000 USDT due to cashing out $fei, reducing my remaining 30,000 USDT position to 15,000 USDT.
At the end of March, the entire network was in a FOMO for stablecoin $fei, and I invested all my funds of 2 million. This led to an exceptionally torturous dormant period for $SHIB, with no funds to operate while witnessing group friends sharing their profits. I was nearly in despair, but fortunately, a turning point came half a month later.
III. The First Crazy Surge of $shib (Resignation Incident)#
On Friday, April 16, Matcha listed $SHIB. Coincidentally, my entrepreneurial brothers came to Shenzhen for a gathering, and that weekend, I stayed up all night, reminiscing while watching the market.
From the 16th to the 19th, it surged 20 times in three days, making the losses from $fei irrelevant. Reflecting on my mindset of firmly holding my position at that time, perhaps it was the obsession with getting rich that drove me, and I even calmly made some additional purchases.
On-chain recharge to gate.io
I particularly want to praise gate.io. Although the UI interaction is lacking, the transaction record query system surpasses its peers, allowing for instant access to years of data.
First explosive K-line
On Monday, April 19, an inexplicable reprimand from my boss became the last straw. Accumulated grievances erupted, and I resigned on the spot, feeling a sense of triumph like a protagonist in an online novel. Looking back now, I still feel it wasn't enough; I should have directly confronted them in the work group.
Unjustly reprimanded
Resignation notice
At that time, my $shib position was about 600,000 to 700,000 USDT, and with the recovery of $fei, it could reach a million USDT. When I resigned, I falsely claimed it was due to a long-distance relationship, and my boss tried to persuade me for half a month without success. After the team-building event, I revealed that I had made 7 to 8 million, and the other party even said, "If you buy a house in Shenzhen, it's all gone." A week later, when my position soared to 20 million, I finally left them speechless.
IV. Clearing Out and Exiting (The Crazy Zoo)#
After the pullback on April 20, the trend stabilized, boosted by favorable news such as Musk's rocket launch and Xue Manzi's calls, which greatly increased my confidence in holding. At the end of April, OK listed, and on May 8, Huobi followed. I originally planned to wait for Binance's move, but unexpectedly, all three major exchanges listed within 48 hours, perfectly missing the last surge.
Mr. Li's strong support for the trade
The lively scene in the friend circle
I clearly remember on May 8, when OK was listed, I missed the peak sale due to my boss's dragging. On May 10, Binance's lightning listing completely missed the A9 opportunity. After that, the zoo market celebrated for a week, ultimately ending in a crash on May 19.
The three major exchanges listed consecutively
V. Experience & Summary#
Getting rich seems like luck, but there are traces to follow:
- Dare to dream and gamble: The unwillingness to be left behind is the original driving force.
- Extreme diligence: I once developed kidney stones from staying up late researching projects.
- Risk management: The disastrous defeat in this bear market was precisely due to neglecting position management.
- Stay in the game: Dormancy in a bear market is to wait for the wheels of fate to turn.
Finally, I wish every dream chaser can find their own $shib.
OKEx This Month's Activities#
New users can enjoy blind boxes or Dogecoin gift packs. Direct registration in China: Click to go to the official website or Alternative link
Related Reading#
2025 China's Top Ten Exchanges Latest Ranking🔥
Real Stories of Getting Rich or Liquidated in the Crypto World
Hot Search Keywords#
Bitcoin purchase, President coin, Trump coin, Exchange registration, Contract trading, Mining tutorial, Airdrop strategy, NFT wallet, Leverage operation, Node staking