1. 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 整理，but now, taking advantage of the market downturn, I will review this experience comprehensively 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 endure the cold winter with my brothers and wait for a resurgence.
From late January to early February 2021, $doge surged tenfold. At that time, I regretted stopping my $doge long position due to a stop-loss when Bitcoin dropped from 40,000 to below 30,000, but I realized a truth: I must closely follow 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 tossed and turned, actively engaging in the community to relieve anxiety. In the early morning, I often saw group friends flaunting their multiple returns.
Before buying $shib, many veteran players had already realized A8 through bnb/cake holdings or defi mining. Meanwhile, I had a principal of 200,000 from a loan from China Merchants Bank in 2019, which had dwindled to only 100,000 by early 2021, with a maximum of only 200. The gap was stark. 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.
2. The Gears 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
On the morning of March 15, the message I sent in the small group was packed with information. I had already done my research the night before, and although I cannot 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 did not dare to take action that night. On the morning of the 15th, seeing the big shot @liping007 calling the trade, I decisively followed.
On-chain records show that I bought 650 billion pieces that day, worth 5.31 million U at the current price, and reached 57.43 million U at the historical high. Of course, this is just a theoretical value; the actual returns were 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 downward trend. Before going on the exchange on April 16, I was forced to close a position of 20,000 U due to cashing out $fei, leaving my remaining 30,000 U position halved to 15,000 U.
At the end of March, the whole network was fomoing into the stablecoin $fei, and I invested my entire 2 million. This led to an exceptionally torturous dormant period for $SHIB, with no funds to operate while witnessing my group friends sharing their profits. I was nearly in despair, but fortunately, a turning point came half a month later.
3. 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 watching the market.
From the 16th to the 19th, it surged 20 times in three days, and at this point, the losses from $fei no longer mattered. Reflecting on my steadfast holding mentality at that time, perhaps it was the obsession with getting rich that drove me, and I even calmly made some supplementary purchases.
On-chain recharge to gate.io
I especially want to praise gate.io; although the UI interaction is lacking, the trading record query system crushes the competition, allowing for quick access to years of data.
First explosive K-line
On Monday, April 19, an inexplicable reprimand from my boss became the last straw. After a buildup of grievances, 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 confronted directly 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 recovery of $fei, it could reach a 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 a team-building event where I made 7 to 8 million, the other party even said, "If you buy a house in Shenzhen, it's all gone." A week later, when my position soared to 20 million, I finally left them speechless.
4. Liquidation (Crazy Zoo)#
After the pullback on April 20, the trend stabilized, boosted by favorable news like Musk's rocket launch and Xue Manzi's calls, greatly increasing my confidence in my holdings. 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
The CX scene in the friend circle
I clearly remember missing the peak sale on May 8 due to my boss's dragging. On May 10, Binance's lightning launch completely missed the A9 opportunity. After that, the animal market celebrated for a week, ultimately ending in a crash on May 19.
The three major exchanges launched consecutively
5. Experience & Summary#
Getting rich seems like luck, but there are traces to follow:
- Dare to dream and gamble: The unwillingness to be ordinary is the primal driving force.
- Extreme diligence: I once developed kidney stones from staying up late studying projects.
- Risk management: The disastrous defeat 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 gears of fate to turn.
Finally, I wish every dream chaser can find their own $shib.
OKEx Activities This Month#
New users can enjoy blind boxes or Dogecoin gift packs. Register directly in China: Click to go to the official website or Alternative link
Related Reading#
2025 Top Ten Exchanges in China Latest Ranking🔥
Real Stories of Getting Rich or Liquidated in the Crypto World
Hot Search Keywords#
Bitcoin purchase, President coin, Trump coin, exchange registration, contract trading, mining tutorials, airdrop strategies, NFT wallets, leverage operations, node staking