I. Introduction#
Many friends online and offline are curious about how I stick to $shib. I have shared the story of $shib 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 experience and summarize it for myself and everyone as a reference for the next bull market.
This short essay is not meant to boast; after all, the money earned during the bull market has been lost, so there's no point in pretending. I just hope to survive the bear market and rise again with my brothers.
From late January to early February 2021, $doge surged tenfold. At that time, I was frustrated because I had to stop-loss my $doge long position when Bitcoin dropped from 40,000 to below 30,000, and I realized: if there’s another opportunity, I must closely follow Musk. This laid the groundwork for my later investment in $shib.
That time was unforgettable: I slacked off at work during the day and hardly slept at night, active in various groups to relieve anxiety. Every midnight, group friends would show off their multiple or even dozens of times returns.
Before buying $shib, many old coin friends had already reached A8 due to holding bnb/cake or participating in defi mining. Meanwhile, I had used 200,000 from a loan from China Merchants Bank in 2019, and by early 2021, I had only 200 at most, far behind my group friends. After comparing in my heart, I realized that if I continued to play mainstream altcoins, not only would I not catch up with them, but I might also end up buying their losses. 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 this message in a small group, brief yet informative. On the evening of March 14, I had done some research and didn’t dare to claim to be the first person in the country to discover it, but no one mentioned it in WeChat search, and my confidence was low, so I didn’t invest. On the morning of the 15th, seeing the big shot Mr. Li @liping007 CX, I followed suit and invested.
Small group CX $shib
Mr. Li led the purchase
Checking the records, the early investment was about 650 billion, and at the current price, it calculates to 0.00000817650000000000 = 5.31 million U. The highest price of $shib calculates to 0.00008836650000000000 = 57.43 million U. Although the calculations are satisfying, the actual returns are far off.
On-chain purchase record
The following image is a small episode: Jinse Finance released a $shib news (content forgotten), I CX’d to group friends, but because Jinse Finance is unreliable, they ignored it.
Second CX $shib
After buying on March 15, it rose less than double before it started to decline. From the time of purchase until the massive surge on April 16 on Matcha, I was trapped by $fei and lacked funds, selling at the original price of 20,000 U, leaving a position of 30,000 U. During this time, the 30,000 U was halved to 15,000 U.
By the end of March, the whole network was fomo-ing stablecoin $fei, and I invested about 2 million with all my funds. It was tough when $SHIB didn’t rise: no money to operate, while group friends were showing off their skyrocketing coins. I truly felt that this money wouldn’t come back, thinking that all the money earned in the bull market might be lost, leading to extreme despair. Fortunately, half a month later, things took a turn for the better.
III. The First Crazy Surge of $shib (Resignation Incident)#
On April 16, an ordinary Friday, $SHIB was listed on Matcha, coinciding with my entrepreneurial brother visiting Shenzhen, and we had a dinner and massage reminiscing about the past. That weekend, I didn’t sleep, boasting while keeping an eye on Matcha, not blinking.
From the 16th to the 19th, it surged over 20 times. It rose to the point where I didn’t care about the locked position of $fei.
For some reason, I was determined not to sell $shib, perhaps because the desire to get rich was too strong. I was clear-headed and instead made waves to acquire low-priced chips.
On-chain recharge to gate.io
Here I praise gate.io: although I don’t like its UI and interaction, it allows checking all records quickly, unlike others that only allow checking for a year.
First explosive K-line chart
On Monday, April 19, I arrived at the company around 10 AM to organize work on WeChat, and my boss arranged a task for me to confirm the process, to which he replied:
Unreasonably confronted
Internally, I exploded: “Do as you please.” After saying that, he called me to the office for half an hour. When he finished, I asked, “Are you done? 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 him for a long time, often being squeezed.
Looking back, I still feel it wasn’t harsh enough, too concerned about face, regretting not confronting him in the work group. Truly: enduring for a moment makes one angrier, taking a step back makes one feel more loss.
Resignation letter
At that time, the total value of $shib was about 600,000 to 700,000 U, plus the locked $fei, withdrawing could yield 900,000 to 1,000,000 U.
The small episode of resignation was interesting: I didn’t mention making money when I resigned, due to my low-key personality, only saying my partner needed to return to Guangzhou. He tried to persuade me for half a month, and during a team-building event, he talked to me alone to persuade me to stay. I couldn’t help but say I wanted to rest after making some money. He knew he couldn’t keep me and even asked how much I made. When I replied 7-800W, he tried to save face: “7-800W isn’t much; it’s gone if you buy a house in Shenzhen.” I was too lazy to argue.
The most interesting part was a week later when I liquidated my position, he asked about the crypto market again, and I said 7/800W was about to turn into 20 million. He fell silent, unable to find a response.
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 had continued to drop, I would have run. Moreover, within half a month, good news kept coming: more and more people discussed $shib, Musk’s rocket fans left crazy messages, and everyone hoped for a rise. The three major exchanges hadn’t listed it yet. At the end of April, Xue Manzi entered the market and called for it, and within a few days, OK was listed.
Mr. Li was supportive everywhere
Never so crazy in the friend circle CX a coin
I clearly remember that $shib was listed on OK on May 8 at noon because the OK partners hinted it would go live at 12. However, I was having lunch with my boss (the resignation procedures weren’t completed), and I missed the opening due to poor signal in the underground parking lot and elevator. This episode deepened my resentment towards my boss.
In the afternoon, Huobi quickly followed suit, and I thought: with two major exchanges listed, Binance wouldn’t be far behind, right? So I liquidated everything, hoping for a pullback to buy again. Unexpectedly, Binance listed on the 10th, and within 48 hours, I missed half of A9.
The subsequent story is well-known: the zoo went crazy for more than a week, exploding on May 19. My story with $shib came to a pause.
Three major exchanges listed in two consecutive days
V. Experience & Summary#
Making big money underestimates luck, but greatly relies on fate. However, those who change their fate seem to do so by chance, but there are prerequisites: completely lying flat, even gods can’t save you.
To make big money, one must dare to think. At that time, I wondered why others could start and succeed while I couldn’t? It’s not because I’ve made money that I say this; if luck were bad, my experiences would be ordinary.
Making big money relies on fate, but effort is a prerequisite: during that time, I really worked hard, staying up late and messing up my schedule, leading to kidney stones. I bought some of the new projects I didn’t understand, and once I bought them, I researched them, seizing opportunities like this.
The spirit of not giving up is important, and it allowed me to surpass most of my peers. Especially in this market, while everyone may not operate, don’t leave the circle; the gears of fate will turn back.
Investment ultimately comes down to risk management (position management), and I didn’t learn this, leading to severe losses in the bear market. I can only say that the next bull market is certain.
Finally, I wish friends in the crypto circle who are turning around can buy their own $shib.
OKX Activities This Month#
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#
The Latest Ranking of the Top Ten Virtual Currency Trading Platforms in China for 2025 is Out 🔥【Worth Collecting】
【Real Stories of Getting Rich in the Crypto Circle】Many people ask me how I went from 0 to 11 million and then to a debt of 100,000 after so many years of trading coins?
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