I. Introduction#
Many friends online and offline are curious about how I stick to $shib. I have shared my story with $shib 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 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, and there's no way to pretend otherwise. I only 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 that I must closely follow Musk if given another chance. 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, actively participating in various groups to relieve anxiety. Every midnight, group friends would share their multiple-fold returns.
Before buying $shib, many old coin friends had already entered A8 due to holding bnb/cake or participating in DeFi mining. I had used 200,000 from a loan from China Merchants Bank in 2019, and by early 2021, I was down to only 20,000, far behind my group friends. After comparing myself to them, I realized that if I continued to play mainstream altcoins, I would not only fail to catch up but might also end up holding the bag. 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, short but full of information. On the evening of March 14, I had done some research but didn't dare to claim I was the first in the country to discover it. Since no one mentioned it in WeChat search, I lacked confidence and didn't invest. On the morning of the 15th, seeing the big shot Mr. Li @liping007 CX, I decided to follow suit and invest.
Small group CX $shib
Mr. Li led the purchase
Checking the records, I bought around 650 billion early on, and at the current price of 0.00000817650000000000 = 5.31 million USDT, while the highest price of $shib was 0.00008836650000000000 = 57.43 million USDT. Although the calculations were satisfying, the actual gains were far from it.
On-chain purchase record
The following image is a small episode: Jinse Finance released a news alert about $shib (content forgotten), and I CX'd my group friends, but they ignored it because Jinse Finance was not reliable.
Second CX $shib
After buying on March 15, it rose less than twice before it started to decline. From the time I bought until the surge on April 16 on Matcha, I was trapped by $fei and lacked funds, selling at the original price of 20,000 USDT, leaving me with a 30,000 USDT position. In the meantime, my 30,000 USDT was cut down to 15,000 USDT.
By the end of March, the whole network was FOMOing into stablecoin $fei, and I invested my entire position of about 2 million. It was tough when $SHIB wasn't rising: I had no money to operate, while my group friends were showing off their skyrocketing coins. I truly felt that this money might never come back, thinking that all the money I earned during the bull market might be lost, which was extremely despairing. 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's visit to Shenzhen, where we had a meal and a massage reminiscing about the past. I didn't sleep that weekend, boasting while keeping an eye on Matcha, not blinking.
From the 16th to the 19th, it surged over 20 times. It rose to a point where I didn't care about the locked position in $fei.
I didn't know why I was determined not to sell $shib; perhaps 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 where you can only check for a year.
The K-line chart of the first surge
On Monday, April 19, I arrived at the company around 10 AM to organize work on WeChat. My boss arranged a task for me to confirm the process, and he replied:
Unreasonably confronted
I was internally exploding: "Do whatever you want." After saying that, he called me to his office for a half-hour chat. 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 so long and he often squeezed me.
Looking back, I still feel I wasn't ruthless enough, too concerned about face, and regretted not confronting him in the work group. It truly is: "Enduring for a moment makes you angrier the more you think about it; taking a step back makes you feel like you lost more."
Resignation notice
At that time, the total value of $shib was about 600,000 to 700,000 USDT, and with the locked $fei, I could withdraw around 900,000 to 1,000,000 USDT.
The small episode of my resignation was interesting: I didn't mention making money when I proposed my resignation, as I am low-key by nature, only saying my partner needed me back in Guangzhou. He tried to persuade me for half a month, and during a team-building event, he talked to me alone to persuade me. I couldn't help but say I wanted to take a break after making some money. He knew he couldn't keep me and even asked how much I earned. When I replied 7-800W, he tried to save face: "7-800W isn't much; it would be gone if you bought a house in Shenzhen." I was too lazy to argue.
The funniest part was a week later when I liquidated my position, he asked about the crypto market again, and I said my 7-800W was about to become 20 million. He fell silent, unable to say anything.
IV. Liquidation and Exit (Crazy Zoo)#
After the pullback on April 20, it did not continue to decline and showed a relatively stable trend, which allowed me to hold on. If it had continued to drop, I would have run. Within half a month, good news kept coming: more and more people were discussing $shib, Musk's rocket fans were leaving crazy comments, and everyone was hoping for a rise. The three major exchanges had not listed it yet. At the end of April, Xue Manzi entered the market and called for buying, and within a few days, OK had listed it.
Mr. Li was supportive everywhere
Never so crazy in the circle of friends CX a coin
I clearly remember that $shib was listed on OK on May 8 at noon because the OK partners hinted it would be listed at 12 o'clock. However, I was having lunch with my boss (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 a high price. 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 my entire position, hoping for a pullback to buy again. Unexpectedly, Binance listed it on the 10th, and I missed half of A9 in less than 48 hours.
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 close.
Three major exchanges listed in two consecutive days
V. Experience & Summary#
Making big money downplays luck and emphasizes fate. But those who change their fate seem to do so by chance, yet there are prerequisites: completely lying flat, and even immortals 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 made money that I say this; if luck were bad, my experiences might have been bland.
Making big money relies on fate, and effort is a prerequisite: during that time, I truly worked hard, staying up late and messing up my schedule, leading to kidney stones. I bought some new projects I didn't understand, and once I bought them, I researched them, seizing opportunities like this.
The spirit of not admitting defeat is important, and it helped me surpass most of my peers. Especially in this market, everyone may choose not to operate, but don't leave the circle; the gears of fate will turn back to you.
Investment ultimately comes down to risk management (position management), and I have not learned 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 to 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 to go to the official website to register an OKX account, some regions may 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 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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