SHIB Practical Journey: A Real Experience of Turning 30,000 U into 2.6 Million U in 52 Days

I. 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 organize my thoughts. Now, taking advantage of the current market downturn, I will review this journey and summarize experiences that may be useful for the next bull market.

This article does not intend to show off (after all, the money earned by luck has been lost), but I hope to share this winter of the bear market with my brothers, waiting for the right time to rise again.

From late January to early February 2021, $doge experienced a tenfold surge. At that time, I was forced to stop-loss on my $doge long position due to Bitcoin's drop from 40,000 to below 30,000, and in my regret, I realized the truth: closely following Musk is where the opportunity lies, which also laid the groundwork for my later entry into $shib.

That time was unforgettable: working during the day, tossing and turning at night, mingling in communities to relieve anxiety. Every time I saw friends in the group posting returns of several times or even dozens of times in the early morning, my feelings were mixed.

Before purchasing $shib, I witnessed many veteran players achieving wealth through holding bnb/cake or participating in defi mining. In contrast, I had used a 200,000 loan from China Merchants Bank in 2019, which shrank to 100,000 in 2020, and at the beginning of 2021, I only had a maximum of 200. The gap was enormous. At that time, I made a secret determination: only by betting on emerging hotspots could there be a chance for a comeback.

II. The Gears of Fate Begin to Turn#

Looking back, this screenshot is already two and a half years old, as if it were yesterday.

The message I sent in the small group on the morning of March 15 contained a lot of information: I had deeply researched $shib on the night of March 14. Although I wouldn't dare to call myself the first gold digger in the country, there was no relevant discussion when searching on WeChat at that time. Due to a lack of market validation and confidence, I missed the first bus, but the next day, I decisively followed the investment after seeing the big shot @liping007, General Li's CX.

Small group CX $shib

General Li took the lead in buying

Checking the on-chain records, I purchased about 650 billion pieces that day, which is now worth 5.31 million U, with a peak valuation of 57.43 million U. Although the numbers on paper were tempting, the actual returns were vastly different.

On-chain purchase record

During this period, Jinse Finance released a news alert about $shib, but due to the platform's credibility issues, my friends in the group did not pay attention and missed the opportunity.

Second CX $shib

From March 15 to April 16, during the listing on MEXC, after experiencing less than double growth, it continued to decline. Due to being forced to close a position of 20,000 U due to being trapped in $fei, my remaining position of 30,000 U was halved.

At the end of March, I invested all 200,000 into $fei, coinciding with the consolidation period of $shib. Seeing my friends' coins skyrocketing while I had no funds to operate, I fell into deep despair. Fortunately, a turning point came half a month later.

III. The First Crazy Surge of $shib (The Resignation Incident)#

On Friday, April 16, $shib was listed on MEXC. Coincidentally, my entrepreneurial partner came to Shenzhen for a meeting, and that weekend I couldn't sleep all night, reminiscing while closely watching the market.

From the 16th to the 19th, there was a surge of over 20 times, and at this point, the locked position of $fei no longer mattered.

What was puzzling was that I had no thoughts of selling at that time; the obsession with getting rich was exceptionally strong. I even calmly completed wave operations to acquire low-priced chips.

On-chain recharge to gate.io

Special thanks to gate.io; although the UI interaction is lacking, it retains complete transaction records and queries quickly, far surpassing competitors that only keep records for a year.

First surge candlestick chart

On Monday, April 19, an unreasonable reprimand from my boss ignited long-standing grievances. After half an hour of lecturing, when I threw out "I want to resign," it felt as refreshing as a web novel protagonist's comeback.

Unreasonably reprimanded

Resignation proposal

At this time, the value of my $shib holdings was 600,000 to 700,000 U, and combined with the unlocked funds from $fei, it could reach 900,000 to 1,000,000 U. The resignation incident was quite dramatic: I was persuaded to stay for half a month under the pretext of "going to Guangzhou for a reunion," and when I finally admitted to "earning 7-800,000," my boss even tried to save face by saying, "Buying a house in Shenzhen is gone." A week later, when my holdings appreciated to 20 million, his speechless expression was quite amusing.

IV. Liquidation (The Crazy Zoo)#

After the pullback on April 20, the trend stabilized, boosted by the topics of Musk's rocket launch, Xue Manzi's calls, and the successive listings on the three major exchanges, which greatly increased my confidence in my holdings.

On May 8, the day OKEx listed, I missed the opening high point due to my boss's dragging. Later, Huobi quickly followed suit, and I misjudged the timing of Binance's listing, liquidating my entire position and missing the A9 opportunity brought by Binance's listing within 48 hours.

After that, the zoo market celebrated for a week, ultimately ending with a crash on May 19, marking the end of my story with $shib.

The three major exchanges listed successively

V. Experience & Summary#

Getting rich seems to be a matter of luck, but there are indeed patterns to follow:

Dare to think and act: Refuse to lie flat, maintain the belief that "what others can do, I can do too."
Extreme effort: I once suffered from kidney stones due to staying up late researching projects, but the accumulated knowledge helped me seize opportunities.
Risk management: The painful lessons of this bear market highlight the importance of position management.
Never leave the market: Hold firm in the industry and wait for the moment when the gears of fate turn.

May every dreamer in the crypto world find their own $shib.

OKX Activities This Month#

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