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 bear market winter with my brothers and rise again when the time is right.

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, 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 period is unforgettable: working during the day while slacking off, and 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, I felt a mix of emotions.

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 by 2020, and at the beginning of 2021, I had only 200 tokens, a stark difference. At that time, I secretly resolved: 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 was packed with information: I had deeply researched $shib on the night of March 14. Although I can't claim to be the first gold digger in the country, there was no relevant discussion when I searched on WeChat at that time. Due to a lack of market validation and confidence, I missed the first bus, but the next day, after seeing the big shot @liping007 Mr. Li's CX, I decisively followed in.

Small group CX $shib

Mr. Li led the purchase

Checking the on-chain records, I bought about 650 billion tokens 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 time, Jinse Finance released news 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. I was forced to close a position of 20,000 U due to being trapped in $fei, and the remaining 30,000 U position 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 soaring 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 (Resignation Incident)#

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

From April 16 to 19, there was a surge of over 20 times, at which point the locking of $fei was no longer relevant.

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 was lacking, it fully retained transaction records and provided quick queries, far surpassing competitors that only saved records for a year.

First surge K-line 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 exhilarating 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 retained for half a month under the pretext of "going to Guangzhou for a reunion," and when I finally admitted to "making 7-800W," 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. Clearing Out and Exiting (Crazy Zoo)#

After the pullback on April 20, the trend was stable, coupled with the fermentation of topics like Musk's rocket launch, Xue Manzi's calls, and the successive listings on the three major exchanges, my confidence in holding increased significantly.

On May 8, the day OKEx listed, I missed the opening high due to my boss's drag. Later, Huobi quickly followed suit, misjudging the Binance listing rhythm and clearing my entire position, 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 conclusion of my story with $shib.

Three major exchanges listed consecutively

V. Experience & Summary#

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

Dare to think and act: Refuse to lie flat, maintain the belief that "what others can do, I can 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 from this bear market highlight the importance of position management.
Never exit: 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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