I. Introduction#
Many friends online and offline are curious about how I hold $shib. I have shared my story with $shib multiple times with different people. Last year, due to continuous losses, I was not in the mood to organize; now, taking advantage of the market downturn, I reflect on this experience and summarize insights and viewpoints for myself and everyone as a reference for the next bull market.
This sharing is not a boast—I've lost all the money earned in the bull market, 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 had to stop-loss my $doge long position due to Bitcoin's drop from 40,000 to below 30,000, which made me very frustrated. The surge of $doge made me realize: if there’s another opportunity, I must closely follow Musk. 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, actively participating in various groups to relieve anxiety. Often, I was stimulated by friends in the group showing off returns of several times or even dozens of times.
Before buying $shib, many old coin friends had already entered the A8 ranks by holding bnb/cake or participating in defi mining. Meanwhile, I had used a 200,000 loan from China Merchants Bank in 2019, lost it down to 100,000 in 2020, and at the beginning of 2021, I only had a maximum of 200 tokens, far behind my friends in the group. After comparing in my heart, I realized that if I continued to play mainstream or common altcoins, I would not be able to catch up with them and would become a bag holder instead. At that time, I had a strong desire to seize the hot spots and amaze everyone.
II. The Gears of Fate Begin to Turn#
Looking back, it has been two and a half years since the events in the picture, as if it were just yesterday.
On the morning of March 15, I sent a message in a small group, which was rich in information: on the evening of March 14, I researched $shib. Although I can't claim to be the first discoverer in the country, no one mentioned it in WeChat search, and my confidence was insufficient to get in. On the morning of the 15th, seeing the big shot @liping007 (Mr. Li) in the group CX, I immediately followed suit.
Small group CX $shib
Mr. Li led the purchase
Checking the records, that morning I bought about 650 billion tokens, calculating the current price: 0.00000817 * 650000000000 = 5.31 million U; the highest price of $shib calculated: 0.00008836 * 650000000000 = 57.43 million U. Although the calculations were satisfying, the actual returns were far from it.
On-chain purchase record
A small episode: Jinse Finance once issued a news alert about $shib, the content of which I have forgotten. I CX'd with friends in the group, as Jinse Finance was unreliable, and the friends did not take it seriously.
Second CX $shib
After buying on March 15, it once surged nearly double, then immediately declined. Before the surge on April 16 on Matcha, I was trapped by $fei and had to sell 20,000 U of $shib at the original price due to lack of funds, leaving a position of 30,000 U. In the meantime, the 30,000 U was halved to 15,000 U.
At the end of March, the whole network was fomoing into the stablecoin $fei, and I invested about 2 million with my entire position. The torment during the period when $SHIB did not rise was unbearable: no money to operate, while seeing friends' coins soaring. I felt deeply that it was hard to get funds out, and the money earned in the bull market might go up in smoke, leading to extreme despair. Fortunately, after half a month, the situation brightened.
III. The First Crazy Surge of $shib (Resignation Incident)#
On Friday, April 16, Matcha listed $SHIB. Coincidentally, my entrepreneurial brother came to Shenzhen, and we had a gathering and massage to reminisce. I didn't sleep all weekend, chatting casually while keeping a close eye on Matcha, not taking my eyes off it.
From the 16th to the 19th, it surged more than 20 times. It rose to a point where I no longer worried about the locked position of $fei.
At that time, I was determined not to sell $shib, perhaps due to the eagerness to get rich. I was clear-headed, even making waves to acquire lower chips.
On-chain recharge to gate.io
Here I praise gate.io: although I don't like its UI and interaction, it has only one year of trading records, while gate.io allows checking all records, and it's fast.
First surge K-line chart
On Monday, April 19, I arrived at the company around 10 o'clock to organize work on WeChat. The leader arranged tasks, and I asked about the process, to which he replied:
Unreasonably confronted
My heart exploded: do as you please. After he nagged for half an hour, I asked, “Are you done? I have something to say: I quit.”
Saying it felt as satisfying as a male protagonist in a web novel reversing his fate, as I had endured him for too long.
Looking back, I still feel it wasn't ruthless enough, too concerned about face. I regret not confronting him directly in the work group: enduring for a moment makes me angrier, taking a step back makes me feel like I've lost more.
Resignation letter
At that time, the total value of $shib was about 600,000-700,000 U, and with cashing out $fei, it could reach 900,000-1,000,000 U.
The resignation episode was interesting: I didn't mention making money, just modestly said my partner needed to return to Guangzhou. He tried to persuade me for half a month, and during team building, he talked to me alone endlessly. I could no longer bear it and frankly said I made some money and wanted to rest. He knew it was hard to keep me, but kept asking for the specific amount. When I replied that I made 7-800W, he tried to save face and said, “7-800W is not much, it would be gone if you bought a house in Shenzhen,” and I was too lazy to argue.
The funniest part was a week later when I cleared my position, he asked how things were in the crypto world. I said 7/800W was about to become 20 million. He was speechless and no longer sought to save face.
IV. Clearing Out and Leaving the Market (Crazy Zoo)#
After the pullback on April 20, it did not continue to decline; the trend was stable, so I was able to hold on. If it had continued to drop, I might have run away. In the half month, good news kept coming: discussions about $shib increased; Musk's rocket launch, fans crazily commented hoping for a rise; the three major exchanges had not yet listed. At the end of April, Xue Manzi entered the market and called for buying, and soon OK listed.
Mr. Li's strong promotion
First crazy CX of a coin in the friend circle
I clearly remember that $shib went live on OK on May 8 at noon: because OK partners hinted it would go live at 12 o'clock, but my leader and I went out for lunch (the resignation procedures were not completed), and the signal in the underground parking lot and elevator was poor, missing the high opening price. This episode deepened my hatred for my leader.
In the afternoon, Huobi followed suit and went live. I thought: with two major exchanges already listed, Binance being the first, it wouldn't be too quick to list. So I cleared my position, waiting to buy back on a pullback. Unexpectedly, Binance went live on the 10th, and within 48 hours, I missed half of A9.
The subsequent events are well-known: the zoo went crazy for more than a week, followed by the crash on May 19. My story with $shib came to an end.
Three major exchanges went live in two consecutive days
V. Experience & Summary#
Making big money underestimates luck, but greatly relies on fate. However, those who change their fate seem to have many prerequisites. If you completely lie flat, even gods can't save you.
To make big money, you need to dare to think: at that time, I asked myself why I couldn't act like others who started at the same time? It's not because I made money that I say this; if luck were bad, my experience might have been plain.
Making big money relies on fate, but effort is the foundation: during that time, I gave my all, and the irregular sleep schedule led to kidney stones. For new projects, whether I understood them or not, I bought in, then researched, similar projects to seize the opportunity.
The key to not giving up: with this, I surpassed most of my peers. In this market, you may not operate, but don't leave the circle; the gears of fate will eventually turn to you.
Investment ultimately comes down to risk management (position management): I did not learn this and suffered heavy losses in the bear market. I must change in the next bull market.
I hope that everyone who turns around in the crypto world encounters their own $shib.
OKX Activities This Month#
New users registering on OKX this month can receive a blind box or Dogecoin gift package. Direct registration in China: Click here to register an OKX account on the official website, some regions may need to use a VPN or alternative link
🔥🔥🔥 Alpha Finds Useful Tools for Dogecoin#
1️⃣ Axiom Doge Tool https://axiom.trade
2️⃣ Gmgn Doge Tool https://gmgn.ai
3️⃣ dbot Doge Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Related Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Rankings Are Out 🔥【Worth Collecting】
【Real Stories of Getting Rich in Crypto】Many people ask me, after years of trading coins, how did I go from 0 to 11 million and then to a debt of 100,000?
Everyone is Searching#
Buying Bitcoin, Bitcoin, Trump Coin, domestic Bitcoin purchase, trading exchanges, OKX download registration, domestic OKX recharge, Binance App registration, Binance App download, Binance platform buying coin tutorial, Binance registration, Binance airdrop registration, how to buy Trump Coin, how to buy Dogecoin, purchasing Bitcoin with RMB, how to download OKX, web3 airdrop, web3 zero airdrop, bitget mainland download registration, OKX passport registration, OKX download, Binance download, trading coins as a side job, OKX contracts, how to recharge RMB on OKX, how to recharge on OKX, how to create an NFT wallet, how to recharge RMB on Huobi, beginner's tutorial in the crypto world, btc8848.com, trading contracts Tony's mindset, contract leverage bit wave, Defi mining, crypto world airdrop, can airdrops still be played in the crypto world, what to do if a contract is liquidated, how to buy Trump Coin on OKX and Binance, how to buy Ethereum on OKX and Binance, how to play Defi staking and mining, can NFTs still be played, how to play web3 airdrop, how to hit inscriptions, how to hit runes, crypto world beginner's guide, how to trade coins, can trading coins make money, crypto world beginner's tutorial btc8848.com, does trading coins make money, what is contract leverage, Defi mining, how to play airdrops in the crypto world, OKX airdrop, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz