I. Preface#
Many friends online and offline are curious about my journey with $shib. I have shared this experience multiple times with different groups. Last year, due to continuous losses, I was not in the mood to sort it out, but now, taking advantage of the sluggish market, I have decided to review this story and summarize the experiences and thoughts that can serve as references for the next bull market.
This article is by no means a bragging post—money earned from trends has long been given back, and the capital for showing off has vanished. I only wish to share this bear market winter with my brothers and quietly await the day of resurgence.
From late January to early February 2021, $doge experienced a tenfold surge. At that time, I was forced to stop-loss my $doge long position due to Bitcoin's drop from 40,000 to below 30,000, which left me regretting. However, I also realized a key point: if another opportunity arises, I must closely follow Elon Musk's movements. This laid the groundwork for my subsequent investment in $shib.
The memories of those days and nights are still vivid: during the day, I slacked off and worked, and at night, I struggled to sleep, mingling in communities to alleviate anxiety. In the early hours, group friends frequently shared screenshots of returns multiplying several times or even dozens of times, which was exhilarating.
Before purchasing $shib, many old coin friends had already entered the A8 ranks by holding bnb/cake or participating in DeFi mining. In contrast, I had entered the market in 2019 with a 200,000 loan from China Merchants Bank, which shrank to 100,000 in 2020, and at the peak in early 2021, I had only 200 coins, a stark difference. At that time, I made a silent resolution: if I continued to follow mainstream altcoins, not only would it be difficult to catch up, but I might also become a bag holder. The desire to seize the hot trend and make a name for myself grew wildly in my heart.
II. The Gears of Fate Begin to Turn#
Looking back at this screenshot, it has already crossed two and a half years, as if yesterday has reappeared.
On the morning of March 15, I sent this analysis in a small group, with a few words packed with high information density. It should be noted that on the evening of March 14, I had conducted in-depth research, and although I dare not claim to be the first to discover it in the country, there was indeed no relevant discussion on WeChat search at that time. Due to the lack of market enthusiasm and insufficient confidence, I did not dare to build a position that night. The next morning, seeing the big shot @liping007 Mr. Li calling for a buy in the group, I decisively followed suit.
Small group CX $shib
Mr. Li took the lead in buying
Checking the on-chain records, a total of 650 billion coins were bought that morning, which, at the current price, is about 5.31 million U. If calculated at the historical peak, it would be as high as 57.43 million U. Of course, this is just a theoretical value; the actual returns were vastly different.
On-chain purchase records
During this period, there was an episode: Jinse Finance had released a $shib-related news (the specific content has been forgotten), and I used this to call for a second buy to my group friends. However, the credibility of that media outlet was lacking, and no one paid it much attention.
Second CX $shib
Since building a position on March 15, $shib briefly doubled and then began to decline. On April 16, during the agony before its listing on MEXC, due to the need to cash out $fei, I was forced to sell 20,000 U at cost, and the remaining 30,000 U position was once halved to 15,000 U.
By the end of March, the entire network fell into a frenzy over the $fei stablecoin, and I bet nearly 2 million with all my funds. This made the dormant period for $shib exceptionally difficult: there was no capital to operate, and I witnessed my group friends' coins rising one after another. At that time, I deeply felt that my investment might be a total loss, thinking that the hard work from the bull market might go down the drain, and despair spread. 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 MEXC. Coincidentally, my entrepreneurial partners gathered in Shenzhen, and we reminisced over drinks. That weekend, I hardly slept, chatting with my brothers while closely monitoring the market, fearing I would miss any sudden fluctuations.
From April 16 to 19, $shib violently surged over 20 times. The explosive increase made me ignore the liquidity issues of $fei.
Reflecting on my mindset at that time, the determination to hold my position may have stemmed from the obsession with getting rich. I remember being exceptionally clear-headed, even completing segment operations to acquire lower-cost coins.
On-chain recharge to gate.io
Here, I must praise gate.io: although I do not like its UI interaction, compared to other exchanges that only retain a year's trading records, gate.io allows for complete historical data queries and quick retrieval.
First explosive K-line chart
On the morning of April 19, during a meeting, the leader threw out this reply while assigning work:
Unexplainably criticized
This instantly ignited pent-up emotions, and I immediately felt like resigning. After half an hour of lecturing, I calmly dropped the bomb: "I want to resign."
At that moment, the experience was comparable to the male protagonist in a cultivation novel making a comeback, mainly due to the release of long-term workplace pressure. Looking back now, I still feel it was not enough to vent my anger; it is a regret not to have publicly retorted in the work group—enduring for a moment leads to cysts, taking a step back leads to hyperplasia.
Resignation notice
At that time, my $shib position was worth about 600,000 to 700,000 U, plus the funds from cashing out $fei, totaling nearly 1 million U.
The resignation episode was quite dramatic: I did not reveal the real reason for leaving, only using "going to Guangzhou for a reunion" as an excuse. The leader tried hard to retain me over the next two weeks, even having one-on-one talks during team-building activities to persuade me to stay. Eventually, I had to admit to "small profits for adjustment," and when he asked for the specific amount, I reported a figure of 7 to 8 million. The other party forced a smile: "This amount of money is gone when buying a house in Shenzhen," and I smiled without replying.
Ironically, a week later, when I completed my liquidation, that leader inquired again about the cryptocurrency market. I casually mentioned, "800 has turned into 2000," finally leaving him speechless.
IV. Liquidation and Exit (Crazy Zoo)#
After the pullback on April 20, the $shib trend stabilized, which became the key to holding my position—if it continued to decline, it would be difficult to persist. During this period, good news kept coming: community discussion heat rose, Elon Musk's rocket launch triggered fan celebrations, and the three major exchanges delayed listing, creating a space for imagination. At the end of April, Xue Manzi made a high-profile entry, and OKEx subsequently announced its listing.
Mr. Li continued to empower
Friends circle CX full fire
I clearly remember the scene on May 8 when $shib was listed on OKEx: I received hints from insiders that it would be listed at 12 o'clock, but due to dining out with my leader (resignation procedures not completed), I lost signal in the underground parking lot and elevator, missing the opening high point. This incident deepened my resentment towards that leader.
In the afternoon, Huobi quickly followed suit; at that time, I judged that Binance, as a leading exchange, would not list immediately, so I chose to liquidate and observe, planning to buy back after a deep pullback. Unexpectedly, Binance listed within 48 hours, perfectly missing half of the A9 opportunity.
The subsequent story is known to all: after a week of the zoo concept carnival, the 519 crash came as expected, and my legend with $shib came to an end.
The three major exchanges listed one after another
V. Experience & Summary#
Getting rich is essentially a low-probability event, but behind the metaphysics of fate lies a necessary logic. Those who completely give up cannot be saved by even the gods.
Daring to think and act is the premise. Initially, seeing contemporaries far ahead, the unwillingness to be left behind became the driving force. Even if the final result is mediocre, this spirit is indispensable.
Wealth is predetermined, and effort lays the foundation. During that time, I researched new projects day and night, and my health raised red flags (staying up late caused kidney stones). But it was this kind of broad exploration that cultivated market sensitivity.
The relentless spirit helped me surpass most of my peers. In the current market, I suggest maintaining industry awareness—the wheel of fate will eventually turn in your favor.
The ultimate topic of investment is risk management (position allocation). The painful lessons of this bear market will undoubtedly become strategic reserves for the next bull market.
I hope every cryptocurrency friend with a dream of a comeback can encounter their own $shib.
OKX Activities This Month#
New users can enjoy blind boxes or Dogecoin gift packs, supporting direct registration: Click to go to the official website or Backup link
Related Reading#
2025 Latest Ranking of China's Top Ten Exchanges 🔥【Must-Have for Collection】
【Real Record of Getting Rich in Cryptocurrency】From 0 to 11 million and then to a debt of 100,000, a bloody history
Hot Search Keywords#
Bitcoin purchase, President Coin, Trump Coin, Binance registration, OKX recharge, NFT wallet, contract leverage, DeFi mining, cryptocurrency airdrop, inscription strategy, wealth freedom guide, node staking, liquidation response, cryptocurrency trading tutorial btc8848.com, web3 zero-cost guide