Dropped iPhone in water and it shut off on its own? I feel terrible

I accidentally dropped my iPhone 4 into a bucket with 5 inch deep water. It slipped from my hand. I took it out immediately and pressed the 'slide to unlock' option and the screen was fine. I did not touch any other option. Then I pressed the volume buttons and found out that they were not working. Then I started shaking it hard to let some water out. The screen started blinking and then went blank, but the vibration was fine as i changed it from silent to normal mode. Then I dried it with a hair dryer for a minute. After that, I pressed the mode button again but it didn't vibrate. Looked like it shut off on its own(I'm not sure). Then I googled and found out that I should not turn it on and keep it in a bag full of rice for a few days. I did the same. Has this trick ever worked for anyone else? Do you think there's a chance that my iPhone will work after I turn it on after a few days? Please help me. I love my iPhone. The incident happened yesterday night and I was not able to sleep peacefully after that. I keep cursing myself for being a jerk for taking it to the bathroom. There were many memorable photos in it along with contacts, some important documents and apps. I have exams in a week and I'm unable to concentrate on my studies or anything else. :'

Jus keep it in the rice. It has to be dry totally inside before you turn it on. Good luck for its recovery.yes i have heard of peolle using rice and havin it work again.

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