I. Introduction#
Many friends online and offline are curious about how I stick to $shib. I have shared my story with $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 boast; after all, the money earned during the bull market has been lost, so there's no point in pretending. 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 on 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 hardly slept at night, actively participating in various groups to relieve anxiety. Every midnight, group friends would share their multiple-fold returns.
Before buying $shib, many old coin friends had already entered A8 due to holding bnb/cake or participating in defi mining. I, on the other hand, used 200,000 from a loan from China Merchants Bank in 2019, played down to 100,000 in 2020, and at the beginning of 2021, I had only 200 coins, far behind my group friends. After comparing in my heart, I realized that if I continued to play mainstream altcoins, I would not only fail to catch up with them but might also end up buying their bags. 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, short but full of information. 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 low, so I didn't 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, it calculates to 0.00000817650000000000 = 5.31 million USDT, while the highest price of $shib calculates to 0.00008836650000000000 = 57.43 million USDT. Although the calculations are satisfying, the actual gains are far from it.
On-chain purchase record
The following image is a small episode: Jinse Finance released a $shib news (content forgotten), I CXed to group friends, but because Jinse Finance is unreliable, they ignored it.
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 short on cash, selling at the original price of 20,000 USDT, leaving a position of 30,000 USDT. In the meantime, the 30,000 USDT was cut down to 15,000 USDT.
At the end of March, the whole network was fomoing into stablecoin $fei, and I invested about 2 million with all my funds. It was tough when $SHIB hadn't risen: no money to operate, while group friends were flaunting their soaring coins. I truly felt that this money wouldn't come back, thinking that all the money I had worked hard to earn in the bull market might be lost, leading to extreme despair. Fortunately, half a month later, there was a glimmer of hope.
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 visiting Shenzhen, where we had a dinner and massage reminiscing about the past. That weekend, I didn't sleep, boasting while staring at 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 that only allow checking for a year.
First explosive K-line chart
On Monday, April 19, I arrived at the company around 10 AM to organize work on WeChat. My boss arranged a task for me to confirm the process, and he replied:
Unreasonably confronted
My heart exploded: do as you please. 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 it wasn't harsh enough; I cared too much about face and regretted not confronting him in the work group. Truly, it's like: enduring for a moment makes one angrier, taking a step back makes one feel more loss.
Resignation notice
At that time, the total value of $shib was about 600,000 to 700,000 USDT, and with the locked $fei, withdrawing could yield 900,000 to 1,000,000 USDT.
The small episode of my resignation was interesting: I didn't mention making money when I proposed my resignation, due to my low-key personality, only saying that my partner needed me back in Guangzhou. He tried to persuade me for half a month, and during a team-building event, he talked to me alone to persuade me. 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 is not 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 holdings; he asked about the crypto market again, and I said 7/800W was about to become 20 million. He fell silent, unable to say anything.
IV. Liquidation and Exit (Crazy Zoo)#
After the pullback on April 20, it did not 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 were discussing $shib, Musk's rocket fans were leaving crazy comments, and everyone was hoping for a rise. The three major exchanges had not listed it yet. At the end of April, Xue Manzi entered the market and called for investments, and soon after, OK listed it.
Li was supportive everywhere
Never so crazy, friends CX a coin
I clearly remember that $shib was listed on OK on May 8 at noon because the OK partner hinted it would go live at 12. However, I was having lunch with my boss (the resignation procedures were not 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 everything, hoping for a pullback to buy again. Unexpectedly, Binance listed it on the 10th, and I missed half of A9 in less than 48 hours.
The subsequent story is well-known: the zoo went crazy for over a week, exploding on May 19. My story with $shib came to a pause.
Three major exchanges listed in two consecutive days
V. Experience & Summary#
Making big money is often underestimated by luck but greatly influenced by 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, one must dare to think big. At that time, I wondered why others could start and succeed while I couldn't? It's not because I had 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 researched them after buying, seizing similar opportunities.
The spirit of not giving up is important, and it helped me surpass most of my peers. Especially in this market, while everyone may not operate, do not leave the circle; the gears of fate will turn back.
Investment ultimately comes down to risk management (position management), and I have not 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 blind boxes or Dogecoin gift packs. You can register directly in China: Click here–> Go to the official website to register an OKX account, some regions may need to use a VPN or alternative link
🔥🔥🔥 Alpha's Practical Tools for Finding Gold Dogs#
1️⃣ Axiom Dog Charging Tool https://axiom.trade
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4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Related Reading#
The Latest Ranking of China's Top Ten Virtual Currency Trading Platforms in 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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