1. Introduction#
Many friends online and offline are curious about how I managed to hold onto $shib. I have shared this experience with different friends 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 will review this journey and summarize experiences that can serve as references for the next bull market.
This article is not meant to boast (after all, the money made by luck has already been lost), but I just want to share with my brothers to get through the bear market together and wait for a comeback.
From late January to early February 2021, the $doge surged tenfold, leaving me filled with regret—I had stopped my long position when Bitcoin fell from 40,000 to below 30,000. This experience made me realize that closely following Musk is where the opportunity lies, which also set the stage for my later entry into $shib.
That time was unforgettable: I was slacking off at work during the day and tossing and turning at night, actively participating in various communities to relieve anxiety. Every time I saw friends in the group posting multiple times their returns in the early morning, I felt a mix of emotions.
Before buying $shib, many old coin friends had already realized A8 through holding bnb/cake or defi mining. Meanwhile, my 200,000 from a loan at China Merchants Bank in 2019 had dwindled to 100,000 by 2020, and at the beginning of 2021, my assets were vastly different from those of my friends with a maximum of 200. At that time, I made a firm resolution: I must seize the new hot spot to overtake others and never let anyone else take over my position.
2. The Wheels of Fate Begin to Turn#
Looking back at this chat record, it has already been two and a half years, as if it were just yesterday.
On the morning of March 15, I sent this message in a small group, which contained a lot of information: I had already researched $shib on the evening of March 14. Although I considered myself one of the earliest discoverers in the country, I missed the first train due to a lack of confidence because no one mentioned it on WeChat. On the morning of the 15th, after seeing Mr. Li @liping007 call for a buy, I immediately followed suit.
Small group CX $shib
Mr. Li took the lead in buying
On-chain records show that on that day, 650 billion pieces were bought, which, at the current price, amounts to 5.31 million U, and at the historical peak, it reached 57.43 million U (of course, the actual amount received was far less than this).
On-chain buying record
During this period, there was an episode: after Jinse Finance released news about $shib, I tried to CX with friends in the group, but due to the platform's credibility issues, it was not taken seriously.
Second CX $shib
After buying on March 15, I experienced a brief doubling before a decline. On April 16, before going on the exchange, I was forced to sell 20,000 U at the original price due to being trapped by $fei, and my remaining 30,000 U position was halved to 15,000 U.
At the end of March, when the whole network was FOMOing into stablecoin $fei, I invested all my funds of 2 million. This led to an exceptionally torturous period for $SHIB, as there were no funds to operate, and I witnessed friends' coins skyrocketing. At that time, I was already prepared for a total loss, but fortunately, a turnaround came half a month later.
3. 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 was glued to the market, staying awake for three days and nights.
From the 16th to the 19th, it surged over 20 times, making the trapped funds of $fei irrelevant. Reflecting on the reasons for holding the coins firmly at that time, perhaps it was due to an obsession with getting rich, or I calmly made waves to acquire lower chips.
On-chain recharge to gate.io
Special shoutout to gate.io: although I don't like its UI interaction, the transaction record query system far exceeds its peers, supporting quick retrieval of data across all time periods.
First surge K-line chart
On Monday, April 19, due to unreasonable accusations from my boss, I exploded on the spot: "I want to resign!" Saying this felt as exhilarating as the protagonist in a cultivation novel making a comeback.
Unreasonably confronted
Resignation
At that time, my $shib position was about 600,000 to 700,000 U, and combined with the funds released from $fei, it could reach the million U level. When I resigned, I falsely claimed I was "going to develop in Guangzhou," and my boss kept trying to persuade me to stay for half a month. During a team-building event, I candidly stated that I had "made seven to eight million," to which the other party surprisingly said, "If you buy a house in Shenzhen, it will be gone." A week later, when I cleared my position, I informed them that my assets had reached 20 million, finally leaving them speechless.
4. Clearing the Position and Exiting (Crazy Zoo)#
After a pullback on April 20, the trend stabilized, and with the favorable news of Musk's rocket launch and Xue Manzi's calls, I firmly held my position during the window period before the three major exchanges went live. When OKEx went live on May 8, I missed the peak due to a dinner with my boss; shortly after Huobi went live, I misjudged that Binance would not follow quickly and cleared my position, missing the opportunity to reach A9 within 48 hours.
Mr. Li was very supportive everywhere
The CX scene in the friend circle
With Binance's sudden launch, after a week of carnival in the zoo market, the 519 crash arrived, and my story with $shib came to an end.
Three major exchanges went live in two consecutive days
5. Experience & Summary#
Getting rich seems like luck, but there are traces to follow:
- Dare to think and act: Firmly believe that "if others can succeed, so can I," and have the determination to fight to the death before succeeding.
- Extreme effort: Research every new project, staying up late to the point of developing kidney stones but still persisting in learning.
- Never give up: With this momentum, surpass classmates at various stages, and suggest staying in the market during bear markets.
- Risk management: The painful lessons from this round of retracement must be heavily managed in the next bull market.
May every dreamer in the crypto world find their own $shib.
OKX Activities This Month#
New users can enjoy blind boxes/Dogecoin gift packs. Register directly in China: Click to go to the official website or Alternative entrance
Related Reading#
Top 10 Exchanges in 2025 🔥
Real stories of getting rich/loss in the crypto world
Hot Search Keywords#
Bitcoin purchase, presidential coin, exchange registration, OKX download, Binance App, Web3 airdrop, contract leverage, Defi mining, NFT wallet, crypto entry