I. Introduction#
Many friends online and offline are curious about how I managed to hold onto $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 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 survive the cold winter and wait for a resurgence.
From late January to early February 2021, $doge skyrocketed 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 struggled to sleep, 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 experienced players had already realized A8 through holding bnb/cake or defi mining. Meanwhile, I had only 100,000 left from a 200,000 principal loan from China Merchants Bank in 2019 by early 2021, with a maximum of only 200 tokens, a huge gap. At that time, I understood: if I continued to play 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.
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 done my research the night before, and although I can't claim to be the first gold digger in the country, no one mentioned it during the WeChat search at that time. Due to the lack of market heat, I dared not act that night. On the morning of the 15th, seeing the big shot @liping007 call the trade, I decisively followed.
On-chain records show that 650 billion tokens were bought that day, worth 5.31 million U at the current price, and reached 57.43 million U 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 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 the exchange on April 16, I was forced to close a position of 20,000 U due to cashing out $fei, reducing my remaining position of 30,000 U to 15,000 U.
At the end of March, the entire network was fomoing into the stablecoin $fei, and I invested all my funds of 2 million. This led to an exceptionally torturous dormant period for $SHIB, with no capital operations 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, $SHIB was launched on the exchange. Coincidentally, my entrepreneurial brothers came to Shenzhen for a gathering, and that weekend, I stayed up all night reminiscing while monitoring the market.
From the 16th to the 19th, it surged twentyfold, making the losses from $fei irrelevant. Reflecting on my mindset of holding firm at that time, perhaps it was the obsession with getting rich that drove me, and I even calmly made a wave of supplementary purchases.
On-chain recharge to gate.io
I must particularly 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 trigger. 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 to vent; 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 U, and with the $fei position recovered, it could reach one million U. 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 actually said, "If you buy a house in Shenzhen, it's all gone." A week later, when my position surged to 20 million, it finally left them speechless.
IV. Clearing Out and Exiting (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, greatly increasing my confidence in holding. At the end of April, OK launched, and on May 8, Huobi followed. I initially planned to wait for Binance's move, but unexpectedly, all three major exchanges launched within 48 hours, perfectly missing the last surge.
Mr. Li's strong support for the trade
The CX scene in the friend circle
I clearly remember missing the high point of selling on May 8 due to my boss's dragging. On May 10, Binance's lightning launch 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 launched consecutively
V. Experience & Summary#
Getting rich seems like luck, but there are traces to follow:
- Dare to think and gamble: The unwillingness to be left behind is the primal driving force.
- Extreme diligence: I once developed kidney stones from staying up late studying projects.
- Risk management: The disastrous failure 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.
OKX Activities This Month#
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#
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Hot Search Keywords#
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