This James Wynn is really something, treating cryptocurrency trading like a game! USDT in his hands is like play money, he’s using tens of times leverage without hesitation.
At his peak, he went from 5 million dollars to 80 million in a month, opening up 40 times leverage on Bitcoin as he pleased, even daring to play with high leverage on meme coins like Dogecoin, indeed making tens of millions. But high leverage is a double-edged sword; you can earn quickly but lose even faster!
Just a slight fluctuation of 1%-2% can lead to liquidation. Recently, during this market wave, he lost all the profits he made in just a week, totaling over 17 million dollars in losses. On his worst day, he lost 2.81 million dollars on two positions: Bitcoin and PEPE.
However, his mindset is genuinely good; even after losing 100 million, he still shows off on Twitter:
"100 million is nothing! My passive income is higher than your annual salary!"
"True wealth is freedom and happiness; you poor folks wouldn't understand!"
But those who have played with high leverage know, it’s a bottomless pit. I've seen too many people get rich through contracts, only to end up with nothing. Wynn sounds carefree now, but who knows if the next liquidation will push him out of the game?
So, I advise everyone:
Contracts are something to treat lightly; if you make a profit, consider it a bonus, never get too carried away!
Just enjoy the show; it’s better to be cautious with real money!
