Post
Topic
Board Economics
Re: James Wynn - A trader or a scammer?
by
bias
on 03/06/2025, 18:36:34 UTC
Exactly he can’t be called a scammer because he has not stolen money from anyone in pretense of putting them through how to trade. He made his money through memecoins that he stakes a high amount of money on them. Normally, trading memecoins are like gamble because they can rug you but at the same time when you get them right, you’ll earn big from them and that’s the luck he has gotten himself into to win this big.

The word "scammer" it's been used as a general term regarding someone who uses shady techniques and practices. Not solely by stealing directly from some other person or taking money for something fake/ nonexistent. Like shilling or promoting through his moves/ trades coins that are not even coins. Thus much easier to be manipulated. By dragging people into the markets where he bets and pumps them, he earns a lot more than if he were to get paid.

He has earned this big name for himself through consistent trading of this altcoins to make big shots, we shouldn’t see him as a scammer but more or a less a big risk take which anyone can also be and get the luck to win it big. People become popular through different ways but make sure you earn it the right way and everyone will like the hang with you. CZ answering his DM shows that he’s a big shot in the crypto space although I don’t really know him.

The fact is that from the moment he bet on BTC, he got busted. That alone proves that memes are an entirely different situation when it comes to trading, a fully manipulated one. Even if you win millions, you can be destroyed in a week without notice. However, people want to get rich in a day, and memes offer that dream.