This is what losing $100M looks like - adtechsolutions

Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

This is what losing $100M looks like


If you’ve been moving through Crypto Twitter lately, you have definitely seen one name everywhere: James Wynn.

And if you have no idea why people talk about him – Ay, we are.

So, James is a merchant who started recognizing people after turning $ 7,000 into $ 25 million in Pepe.

At the height, he had over $ 80 million unrealized gains, mostly from memecoin and using crazy amounts of influence.

Shocked child sipping Milkshake

But that’s why he didn’t become Known.

22. May James opened a a Long position $ 1,14B USD on Bitcoin on $ 108,921 Using 40x lever.

Translation: Bed that the price will rise,, And open a $ 1.14B store, it only needed 1/40 of that in advance – the rest was borrowed.

It started great. Btc climbed and James sat on a $ 39 million unrealized profit.

This could be a crazy story about success. But he said,Let’s go bigger, “and pushed him to a position of $ 1.25 billion.

Then… Trump tvit on the market. The price fell. James took a a Loss of $ 13 million and closed the position.

After that loss, James switched the script – Open a $ 1b short in the amount of 107,711Price betting would be reduced.

Good... Not. Lost another $ 15.87 million in just 15 hours.

But he’s not over yet. Re -entered the market Two huge long on bitcoin::

  • 527.29 BTC worth $ 55.3 million;

  • 421.8 BTC is worth $ 43.9 million.

And that was when BTC fell below $ 105,000 – so both positions were liquidated.

Total damage? Nearly $ 100 million.

So yes … he left James Wynna … in James Lose …

(… I’ll see myself.)

Imagining life under the shower

In any case, After that, he asked Twitter for help.

And people actually Sent him 20k+ in donations (which he promised to pay).

Then he did what every person who had just lost millions of dollars would do … opened another $ 100 million with a 40x lever.

😐

His new liquidation price is $ 103,613 – and BTC has come great for a moment. James twisted“Hunt me again?”

Why are we talking about this now?

Well, first, because it’s wild.

Second, this story is the perfect example the other side cryptocurrency.

Not everyone here is because of disciplined investment – some are there to gamble. And sometimes it ends with despair.

So here’s what you can learn from all this (because Pls don’t like James)::

1/ Levege is a double blade sword.

Certainly, 40x influence can quickly enrich you – and break you faster.

Wynn lost almost $ 100 million from one liquidation.

It’s not a trade error – it’s a structural risk of using too much borrowed money.

2/ Do not confuse happiness with skill.

Wynn was initially enriched with memory and good weather.

But happiness is not a repeat strategy. His later crafts have shown bad weather, emotional decisions and without clear edges – traps for confident merchants.

3/ Never tear with money you can’t afford to lose.

If you need to ask for a twitter for the store for a shop … take a break.

4/ Crypto is not a game.

Spectacle on the awarding of social media. Markets no.

Just because someone posts screenshots with seventh bets doesn’t mean he knows what they are doing – or that it’s wise to copy them.

Spongebob write it down

And finally …

It’s okay to be boring.

It’s ok to take a profit.

It’s okay not to chase the hype.

Be safe outside and stay healthy, everyone.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *