SHIB Investment Practice: A 52-Day Wealth Journey from 30,000 U to 2.6 Million U

1. Introduction#

Many friends online and offline are curious about how I have held onto $shib for a long time. 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 can be referenced for the next bull market.

This article is by no means a boast (after all, the profits from the hype have mostly been given back), but rather a way to share with my brothers as we endure this winter and prepare for a comeback.

During the tenfold surge of $doge from late January to early February 2021, I regretted stopping my $doge long position when Bitcoin dropped from 40,000 to below 30,000. However, I realized the importance of closely following Elon Musk's movements, which laid the groundwork for my subsequent investment in $shib.

That time is unforgettable: working during the day and tossing and turning at night, mingling in communities to relieve anxiety. In the early morning, I often saw group friends posting screenshots of returns that were multiples or even tens of times their investments.

Before purchasing $shib, I witnessed many veteran players upgrading to A8 by 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 peaked at only 200 at the beginning of 2021, a stark difference. At that time, I made a silent resolution: if I continued to play with mainstream altcoins, I would inevitably become a bag holder; I had to seize the new opportunities to achieve a turnaround.

2. Turning Point#

Looking back, this screenshot is already two and a half years old, and the past is vivid in my mind.

On the morning of March 15, I sent this message in a small group; the brief text carried significant information. In fact, I had already conducted in-depth research the night of March 14. Although I cannot claim to be the first to discover it domestically, the lack of mentions in WeChat searches at that time led to insufficient confidence, and I did not get in on time. On the morning of the 15th, after seeing the big shot @liping007, I immediately followed suit.

Small group CX $shib

Record of investment led by Mr. Li

On-chain data shows that on that morning, approximately 650 billion coins were purchased, amounting to about 5.31 million U at the current price of 0.00000817, and reaching 57.43 million U when calculated at the historical peak of 0.00008836. Although the numbers on paper were pleasing, the actual returns were vastly different.

On-chain transaction proof

During this time, Jinse Finance released a news flash about $shib (the content has been forgotten), and I shared it with group friends, but due to the media's credibility issues, it was not taken seriously.

Second CX record

After establishing my position on March 15, I experienced a decline that did not even double. Before going on Mecha on April 16, I was forced to close a position of 20,000 U due to cashing out $fei, and my remaining 30,000 U position was halved to 15,000 U.

At the end of March, the entire network was in a FOMO frenzy over the stablecoin $fei, and I invested my entire 2 million. The sideways period of $SHIB was exceptionally torturous: with no funds to operate and witnessing group friends' coin prices soaring, I despaired several times, thinking that the efforts of the bull market would go to waste. Fortunately, a turning point arrived half a month later.

3. First Round of Explosive Surge (Resignation Interlude)#

On an ordinary Friday, April 16, $SHIB was listed on Mecha. Coincidentally, my entrepreneurial brothers were gathering in Shenzhen, and while toasting, I kept a close eye on the market, witnessing a twentyfold surge over three sleepless days. At this point, the $fei position was no longer significant.

It's hard to explain the firm mindset of holding at that time; perhaps the obsession with getting rich was too strong. I even made a wave to acquire lower-priced chips during my clearest moments.

gate.io recharge record

Here, I want to praise gate.io; although I don't like its UI interaction, the transaction record query function far exceeds its peers, and the historical data is quickly retrievable.

First round explosive surge K-line

On the morning of April 19, during the Monday meeting, the leader inexplicably launched an attack:

Sudden workplace conflict

The repressed emotions exploded in an instant: "I want to resign." After half an hour of lecturing, the moment I blurted it out felt as exhilarating as a web novel protagonist's comeback.

Resignation application

At that time, the market value of $shib was about 600,000 to 700,000 U, and with the $fei position, the total assets were nearly 1 million U. The resignation process was quite dramatic: I resigned under the pretext of "going to Guangzhou for a reunion," and the leader tried to persuade me for half a month without success. During a team-building event, I revealed that "I made seven to eight million," and the other party forced a smile, saying "it's not enough to buy a house in Shenzhen." A week later, when I informed them that my assets had risen to 20 million, they fell silent.

4. High Position Cashing Out (Zoo Carnival)#

After the pullback on April 20, the trend stabilized, boosted by discussions about Musk's rocket plans, Xue Manzi's calls, and the successive listings on the three major exchanges, confidence in holding coins surged.

On May 8, the day OKEx listed, I missed the peak due to a leadership dinner. In the afternoon, when Huobi followed up, I judged that Binance would not list in the short term, so I cashed out my entire position. Unexpectedly, 48 hours later, Binance suddenly listed, causing me to miss a significant wealth leap.

After that, the zoo concept went crazy for a week, and the final crash on May 19 marked the end of the story.

Three major exchanges listed consecutively

5. Summary of Experiences#

Large profits may seem like luck, but they are actually the result of multiple factors accumulating. Those who completely lie flat cannot be saved by the gods.

Daring to think and act leads to breakthroughs. The differences among players during the same period sparked my fighting spirit; although the results may vary greatly, the process of striving is indispensable.

Fate may be predetermined, but effort lays the foundation. The determination to study projects and seize opportunities, even to the point of staying up late and getting sick, is worth it.

The spirit of never giving up helped me surpass classmates at various stages. In a bear market, one can lie low, but it is essential to stay within the circle and quietly wait for a turning point.

The ultimate topic remains risk management (position control); the painful lessons from this bear market will surely lead to improvement in the next bull market.

May every dream chaser find their own $shib.

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