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

1. 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 current market downturn, I will systematically review this experience and extract lessons 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 wait for a resurgence.

From late January to early February 2021, $doge experienced a tenfold surge. At that time, I regretted stopping my $doge long position when Bitcoin dropped from 40,000 to below 30,000. However, I learned a key lesson: if I encounter another opportunity, 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 relieve anxiety. In the early hours, I witnessed friends in the group sharing returns that were multiples or even tens of times their investments.

Before investing in $shib, several old friends had achieved their A8 goals by holding bnb/cake or participating in DeFi mining. Meanwhile, I had taken 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 had a maximum unrealized profit of 200,000, highlighting the stark difference. At that time, I realized that if I continued to operate with mainstream coins and regular altcoins, it would be difficult to catch up, and I might end up as a bag holder. The strong desire to capture hot trends and achieve a turnaround grew stronger.

2. Turning Point#

Looking back at this screenshot, it has already been two and a half years, as if it were 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 can't 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, I immediately followed the lead of the big shot @liping007 after seeing his post.

Small group CX $shib

Record of investment led by Mr. Li

On-chain data shows that approximately 650 billion coins were purchased that morning, amounting to 5.31 million USD at the current price, and reaching 57.43 million USD at the historical peak. Although the numbers on paper were enticing, the actual realized profits were vastly different.

On-chain transaction proof

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

Second CX record

After establishing my position on March 15, I experienced a brief doubling before it began to decline. Before it was listed on MEXC on April 16, I sold 20,000 USD worth at cost due to the need to cash out $fei, and the remaining 30,000 USD was cruelly cut down to 15,000 USD.

By the end of March, the entire network was caught up in the $fei stablecoin frenzy, and I invested about 2 million USD. During the dormant period of $SHIB, I had to endure frozen funds while witnessing my friends' coin prices soar, and the feeling of despair was ever-present. Fortunately, a turning point came two weeks later.

3. First Round of Explosive Growth (The Catalyst 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 a more than twentyfold surge, and the funds locked in $fei had become negligible.

It's 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 execute swing trades to acquire lower-cost coins during my clearest moments.

Transfer record to gate.io

Here, I must praise gate.io. Although the user 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 reprimanded me, igniting my determination to resign.

Record of conflict dialogue

After half an hour of lecturing, when I threw out "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, and it is a regret that I did not confront him publicly in the work group.

Screenshot of resignation application

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

The episode of resignation was quite interesting: I falsely claimed I was going to Guangzhou for development and was continuously persuaded to stay. During a team-building event, after admitting to "making seven to 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 USD, he was left speechless.

4. Perfectly Timing the Top (Zoo Frenzy)#

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

Mr. Li's strong promotion

The 盛况 of CX in the friend circle

I clearly remember the day $SHIB was listed on OKEx on May 8; I missed the opening high point due to a lunch appointment with my leader. Shortly after, Huobi quickly followed suit, and I misjudged the listing rhythm on Binance, clearing my entire position and missing out on half of the A9 profit brought by Binance's listing within 48 hours.

The three major exchanges listed consecutively

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

5. 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 do so by chance, but there are multiple 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 despite suffering from kidney stones due to health issues, I laid the cognitive foundation for future opportunities.

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

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

I hope every dreamer in the crypto space can capture their own $shib.

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