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 brag; after all, the money earned during the bull market has been lost, and there's no way to pretend otherwise. 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. 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 barely slept at night, active in various groups to relieve anxiety. Every midnight, group friends would share their gains, some even multiples of their investments.
Before buying $shib, many old coin friends had already entered A8 due to holding bnb/cake or participating in defi mining. I, however, had 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 with mainstream altcoins, not only would I not catch up, but I might also end up buying at a high. 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 insufficient to invest. On the morning of the 15th, I saw the big shot Li @liping007 CX, so I followed suit and invested.
Small group CX $shib
Li took the lead in buying
Checking the records, the early purchase was about 650 billion, 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 $shib news (forgot the content), I CX'd to my group friends, but they ignored it because Jinse Finance was unreliable.
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 spike on April 16 on Matcha, I was trapped by $fei and lacked funds, selling at the original price of 20,000 USDT, leaving a position of 30,000 USDT. During this time, the 30,000 USDT was cut down to 15,000 USDT.
By the end of March, the whole network was fomo-ing into stablecoin $fei, and I invested about 2 million with all my funds. It was tough when $SHIB wasn't rising: I had no money to operate, while my group friends flaunted their skyrocketing coins. I truly felt that this money wouldn't come back, and the thought that the money I earned in the bull market might all be lost was utterly despairing. Fortunately, after half a month, 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 dinner and massages 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 a point where I didn't care about the locked position of $fei.
I don'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 assigned me a task, and when I confirmed the process, he replied:
Unreasonably confronted
I was blown away inside: "Do whatever you want." 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.
In retrospect, I still feel I wasn't tough enough, too concerned about face, regretting not confronting him in the work group. Truly, "enduring for a moment leads to more anger, taking a step back leads to more loss."
Resignation notice
At that time, the total value of $shib was about 600,000 to 700,000 USDT, plus the locked $fei, I could withdraw about 900,000 to 1,000,000 USDT.
The small episode of my 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 to stay for half a month, and during a team-building event, he talked to me alone, trying to convince 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 would be gone if you bought 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 my 7-800W was about to become 20 million. He fell silent, no longer trying to save face.
IV. Liquidation and Exit (The Crazy Zoo)#
After the pullback on April 20, it didn't 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. Moreover, within half a month, good news kept coming: more and more people discussed $shib, Musk's rocket fans left crazy comments, 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 buying, and within a few days, OK listed it.
Li was supportive everywhere
Never seen such craziness 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, 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 all my positions, hoping for a pullback to buy again. Unexpectedly, Binance listed it 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 it within 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, and even gods can't save you.
To make big money, you need to dare to think big. At that time, I wondered why others could start and succeed while I couldn't? It's not because I earned before; if luck were bad, my experience would have been plain.
Making big money relies on fate, and 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; it helped me surpass most of my peers. Especially in this market, everyone may not operate, but don't leave the circle; the gears of fate will turn back.
Investment ultimately comes down to risk management (position management), and I haven't 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 registering on OKX this month can receive a blind box or Dogecoin gift package. You can register directly in China: Click here –> Redirect to the official website to register an OKX account, some regions may need a VPN or alternative link
🔥🔥🔥 Alpha's Practical Tools for Finding Gold Dogs#
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4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Related Reading#
The Latest Ranking of the Top 10 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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