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 views for myself and everyone to reference in the next bull market.
This sharing is not meant to boast; after all, the money earned by luck has been lost, and 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 learned from $doge's rise: if there’s 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 showcase their several times or even dozens of times returns.
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 in 2020, and at the beginning of 2021, I had a maximum of only 200 coins, a stark contrast to my group friends. After comparing internally, I concluded that if I continued to play mainstream or common altcoins, I would not be able to catch up with them and would instead 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 yet information-rich message in a small group. On the evening of March 14, I had already researched $shib, and while I wouldn't dare to call myself 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 did not get in. On the morning of the 15th, I saw the big shot, Mr. Li @liping007, discussing it in another group, so I followed suit and bought in.
Small group discussing $shib
Mr. Li leading the purchase
Checking the records, I bought about 650 billion coins that morning. At the current price of 0.00000817650000000000=5.31 million U, and at the highest price of $shib of 0.00008836650000000000=57.43 million U. While the calculations were satisfying, the actual returns were far from it.
On-chain purchase record
The following image is a small episode: Jinse Finance once issued 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 ignored it.
Second discussion on $shib
After buying on March 15, it rose nearly twice, then fell gradually. By April 16, before the surge on Matcha, I was trapped by $fei and needed money, so I sold 20,000 U worth of $shib at the original price, leaving a position of 30,000 U. In the meantime, the 30,000 U halved to 15,000 U.
At the end of March, the whole network was fomoing into the stablecoin $fei, and I invested about 2 million with all my funds. It was extremely torturous when $SHIB did not rise: I had no money to operate while watching group friends showcase their soaring coins. I truly felt that this money might go to zero, and the hard-earned profits from the bull market could just disappear, 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 a regular Friday, April 16, Matcha listed $SHIB. Coincidentally, my entrepreneurial brother came to Shenzhen, and we had a dinner and massage reminiscing about the past. That weekend, I didn’t sleep, boasting while staring at Matcha, 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 $fei locked position.
I don’t know why I firmly held onto $shib without selling, perhaps the desire to get rich was too strong. My inner self was clear-headed, even considering making waves to grab low-priced chips.
On-chain recharge to gate.io
Here I praise gate.io: although I dislike its UI and interaction, it allows checking records for up to a year, while gate.io can check all records quickly.
First surge K-line chart
On Monday, April 19, I arrived at the company around 10 am to organize work on WeChat for enterprises. After confirming the process for tasks arranged by the leader, he replied:
Unexplainably confronted
My inner self exploded: do as you please. After he finished speaking, he even called me to the office to chat 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.
In retrospect, I still feel I wasn’t harsh enough, too concerned about face, regretting not confronting him directly in the work group. Truly: enduring for a moment makes you angrier the more you think about it, taking a step back makes you feel more loss.
Resignation notice
At that time, the total value of $shib was about 600,000 to 700,000 U, and after cashing out $fei, it could reach 900,000 to 1,000,000 U.
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, and lied that my partner needed to return to Guangzhou. He tried to persuade me to stay for half a month, and during a team-building event, he talked to me alone to persuade me. 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 said I made 7 to 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 most interesting part was a week later when I cleared my position; he asked how things were in the crypto world, and I said 7 to 8 million was about to become 20 million. He was left speechless and no longer sought to save face.
IV. Clearing Out (Crazy Zoo)#
After the pullback on April 20, it did not continue to fall 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 were discussing $shib, and Musk’s rocket launch had fans leaving crazy comments, all believing it would rise. The three major exchanges had not listed it yet. At the end of April, Xue Manzi publicly called for it after getting in. A few days after the call, OK listed it.
Mr. Li was very supportive everywhere
Never so crazy, friends showcasing a coin
I clearly remember that $shib went live on OK on May 8 at noon because OK partners hinted it would go live at 12 o'clock. But I was out having 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 quickly followed suit. I thought: with two major exchanges already listed and having surged so much, Binance, as the first exchange, wouldn’t list too quickly, right? So I cleared my position, planning to buy back after a deeper pullback. Unexpectedly, Binance listed it on the 10th, and I missed half of 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 came to a temporary end.
Three major exchanges went live in two consecutive days
V. Experience & Summary#
Making big money often relies on luck, but to a greater extent, it relies on fate. However, those who change their fate seem to have many prerequisites. If you completely give up, even gods 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 bad, my experience might also be plain.
Making big money relies on fate, but effort is the foundation. During that time, I worked extremely hard, and my irregular sleep schedule 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 study it, seizing similar opportunities to gain an edge.
The key is the fighting spirit; I surpassed most of my classmates because of this. Especially in this market, while everyone may not operate, do not 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 did not learn this. I can only say that I must change in the next bull market.
Finally, I wish that everyone who turns around in the crypto world can buy their own $shib.
OKX Activities This Month#
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Related Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Ranking is Out 🔥【Worth Collecting】
【Real Stories of Getting Rich in the Crypto World】 Many people ask me how I went from 0 to 11 million and then to a debt of 100,000 over the years of trading coins?
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