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 was not in the mood to organize my thoughts. Now, taking advantage of the market downturn, I will review this experience in full 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 get through the cold winter and wait for a comeback.
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. I slacked off at work during the day and struggled to sleep at night, actively participating in the community to relieve anxiety. In the early hours, 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 dwindled to only 100,000 by early 2021, with a maximum of only 200 tokens, a stark contrast. At that time, I understood: if I continued to play with mainstream altcoins, not only would I fall behind, but I would also have to take over the losses. I was extremely eager to seize the new opportunity and achieve a turnaround.
II. The Gears 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, and although I can't claim to be the first gold digger in the country, no one had mentioned it in WeChat search at that time. Due to the lack of market heat, I didn't dare to act that night. On the morning of the 15th, seeing the big shot @liping007 calling the trade, I decisively followed.
On-chain records show that 650 billion tokens were bought that day, worth 5.31 million USD at the current price, and reaching 57.43 million USD at the historical peak. 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 Jinse 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 a position on March 15, I experienced a brief doubling before entering a downtrend. On April 16, before going on the exchange, I was forced to close a position of 20,000 USD due to cashing out $fei, and my remaining 30,000 USD position was halved to 15,000 USD.
At the end of March, the whole network was fomoing into the stablecoin $fei, and I invested my entire 2 million USD. This led to an exceptionally torturous dormant period for $SHIB, with no funds to operate and 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, $SHIB was listed on the exchange. Coincidentally, my entrepreneurial brothers came to Shenzhen for a gathering, and that weekend I couldn't sleep, reminiscing while keeping an eye on 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 especially want to praise gate.io; although the UI interaction is lacking, the transaction record query system surpasses its peers, allowing for quick 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 confronted them directly in the work group.
Unjustly reprimanded
Resignation notice
At that time, my $shib position was about 600,000 to 700,000 USD, and counting the recovery from $fei, it could reach a million USD. 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 USD, and the other party actually said, "Buying a house in Shenzhen would wipe it all out." A week later, when my holdings soared to 20 million, I finally left them speechless.
IV. Clearing Out (The Crazy Zoo)#
After the pullback on April 20, the trend stabilized, boosted by favorable news like Musk's rocket launch and Xue Manzi's calls, which greatly increased my confidence in holding. At the end of April, OKX listed it, and on May 8, Huobi followed. I initially planned to wait for Binance's move, but unexpectedly, all three major exchanges listed it within 48 hours, perfectly missing the last surge.
Mr. Li's strong endorsement
The CX spectacle in the friend circle
I clearly remember on May 8, when OKX 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 studying projects.
- Risk management: The disastrous losses in this bear market were precisely due to neglecting position management.
- Stay in the game: Dormancy in a bear market is to wait for the gears of fate to turn.
Finally, I wish every dream chaser can find their own $shib.
OKX Activities This Month#
New users can enjoy a mystery box or a Dogecoin gift pack. Direct registration in China: Click to go to the official website or Alternative link
Related Reading#
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Hot Search Keywords#
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