SHIB Investment Practical Experience: Sharing a Real Journey from $30,000 to $2.6 Million in 52 Days

I. Introduction#

Many friends online and offline are curious about why I can firmly hold $shib. I have shared this story with different groups multiple times. Last year, due to continuous losses, I was not in the mood to organize my thoughts. Now, taking advantage of the sluggish market, I will systematically review this experience and extract insights for reference in the next bull market.

This article is by no means a bragging post (after all, the money made during the hype has mostly been given back), but I hope to share this journey through the bear market with you all and patiently await a resurgence.

From late January to early February 2021, $doge experienced a tenfold surge. At that time, I regretted stopping my $doge long position after Bitcoin dropped from 40,000 to below 30,000, but I learned a key lesson: if another opportunity arises, I must closely follow Elon Musk's movements. This laid the groundwork for my subsequent investment in $shib.

That period is unforgettable. During the day, I was numb at work, and at night, I struggled to sleep, mingling in communities to alleviate anxiety. In the early hours, I witnessed friends in the group sharing returns of several times or even dozens of times.

Before investing in $shib, several old friends had already achieved their A8 goals 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 had a maximum unrealized gain of 200,000, highlighting the stark difference. At that time, I realized clearly: if I continued to operate with mainstream coins and regular altcoins, it would be difficult to catch up, and I might become a bag holder. The strong desire to capture hot trends and achieve a turnaround grew stronger.

II. Turning Point#

Looking back at this screenshot, it has already been two and a half years, feeling like yesterday.

The message sent in the small group on the morning of March 15 was packed with information. In fact, research had already begun on the evening of March 14. Although I cannot claim to be the first to discover it in the country, there was no relevant discussion found on WeChat at that time. The lack of market resonance led to insufficient confidence, causing me to miss the first opportunity. 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 approximately 650 billion coins were purchased that morning, worth about 5.31 million U at the current price, and reaching 57.43 million U at historical peak values. Although the numbers on paper were tempting, the actual returns were vastly different.

On-chain transaction proof

During this time, Jinse Finance released a news flash about $shib (the content has become vague), and I shared it with friends in the group, but due to the platform's lack of credibility, it was not taken seriously.

Second CX record

After establishing my position on March 15, I experienced a brief doubling before entering a downtrend. Before it was listed on MEXC on April 16, I sold a 20,000 U position at cost due to the need to cash out $fei, leaving me with 30,000 U, which was then halved to 15,000 U.

By the end of March, the entire network was caught up in the $fei stablecoin frenzy, and I invested about 2 million with my entire holdings. During the dormant period of $SHIB, I had to endure frozen funds while witnessing the soaring prices of friends' coins, with a sense of despair following me. Fortunately, a turning point arrived half a month later.

III. First Round of Explosive Growth (The Trigger for Resignation)#

On an ordinary Friday, April 16, the listing of $SHIB on MEXC coincided with a gathering of entrepreneurial brothers in Shenzhen. That weekend, I stayed up all night, reminiscing and keeping a close eye on the market.

From April 16 to 19, there was an explosive growth of over twenty times, and the funds locked in $fei had become negligible.

It is hard to explain the composure I had while holding coins at that time; perhaps the obsession with getting rich was too strong. I even managed to complete a wave operation to acquire lower-cost coins during my clearest moments.

Transfer record gate.io

Here, I must praise gate.io. Although the interactive experience is lacking, its complete transaction record query function far exceeds that of its peers.

First round of explosive growth K-line

On the morning of April 19, during a meeting, my leader inexplicably scolded me, igniting my determination to resign:

Record of conflict dialogue

After half an hour of lecturing, when I threw out the words "I want to resign," it felt as exhilarating as a protagonist in a cultivation novel making a comeback. Looking back, I still feel that my handling was too mild; it is a regret that I did not confront openly in the work group.

Screenshot of resignation application

At that time, my position in $shib was about 600,000 to 700,000 U, and combined with the funds released from $fei, it could reach 900,000 to 1,000,000 U.

The episode of resignation was quite interesting: I falsely claimed to be going to Guangzhou for development and was continuously persuaded to stay. During a team-building event, after admitting to "making seven or eight million," my leader awkwardly insisted that "buying a house in Shenzhen would spend it all." A week later, when my holdings appreciated to 20 million U, he fell silent.

IV. Perfect Top Escape (Zoo Carnival)#

After a pullback on April 20, the trend stabilized, and with the hot discussions surrounding Elon Musk's rocket launch, Xue Manzi's calls, and the successive listings on three major exchanges, confidence in holding coins continued to strengthen.

Mr. Li's strong promotion

The 盛况 of CX in the circle of friends

I clearly remember the day OKEx listed on May 8, as I missed the opening high point due to a dinner invitation from my leader. Shortly after, Huobi quickly followed suit, and I misjudged the listing rhythm on Binance, clearing my entire position and missing the half A9 profit brought by the Binance listing within 48 hours.

Three major exchanges listed successively

After that, the zoo market carnival lasted for a week, ultimately ending with a crash on May 19. My story with $shib came to a close.

V. Lessons Learned#

The appearance of large profits is luck, but the essence is a gift from fate. However, those who change their fate seem to have many prerequisites: those who completely give up cannot be saved by gods or Buddhas.

To get rich, one must dare to think and act. The differences at the same starting line create motivation to strive forward; although success and failure depend on luck, without this obsession, it is difficult to break through.

Fate favors those who lay a foundation through hard work. At that time, I studied new projects day and night, and although my health suffered from kidney stones, I laid the cognitive foundation for future opportunities.

An unyielding spirit helped me surpass most of my classmates. Even in the current market, despite being out of position, I must remain sensitive to the industry and patiently await the gears of fate to turn.

The ultimate art of investment lies in risk management (position control). The painful lessons from this bear market must be remembered in the next bull market.

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

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