For those unfamiliar with the name, James Wynn is a pseudonym of a self-proclaimed “degen” whale trader who primarily trades on the Hyperliquid platform. He gains his reputation and the title "whale" mostly because of the bets he made on some meme coins (among them the PEPE, FART and TRUMP), turning $500,000 into $87 million. Of course, almost all his bets/ positions are in the Perpetual market, regularly topping nine figures, and with 10x to 40x leverage.
The previous week got liquidated since his long position on BTC failed and led him to a ~$100 million loss. I don't want to post specific articles, you can all read the whole story on various channels on the web, and the updates of it (yesterday he tagged CZ on X and urgently asked him to DM him, and the answer was a "positive" one). The question(s) here are this: Do you believe that he is a legendary trader or that he is a shill and a fake/ scammer trader? Does he know what he is doing, or does he get lucky out of nowhere? He gets busted by manipulation tactics, or does he just speculate wrong? Just for the record, another trader who consistently counter-trading James Wynn’s positions has raked in $17 million in profits...

P.S.: If this isn't the proper section, please let me know so I can move the thread to the correct one. Thank you.

We have become accustomed to seeing wars in Ukraine and Russia in recent several years. The same is happening with Israel and Palestine. Russia has announced a ceasefire from May- 8 to May -11, and a positive decision may be made for a permanent ceasefire in the future. The global economy continues to be in a negative trend and if there is a new war between these Asian neighbors the situation could get even worse. This could have a negative impact on the crypto market but the likelihood of such dumping is likely to be low because both countries are much poorer and populous than Europe. I think they might not want to involve war so they can become more poorer.

More and more restrictions and limits and all things to make you yourself harder to use your own money but banks use your money to make profit you get nothing of this and top on that you Pay them fees.

It's like they gamble with your money and you even pay the. Fees for that.

Banks, imagine you have friend who is gambler you give him to hold money and you pay him fee to hold lol too.

Have read most people topic and comment especially the newbies and have noticed that they are always interested in trading more than holding, and of a true trading gives more profits from my own understanding that is why everyone wants to venture into trading. But have we also considered or remember that most of the compliant here is about trading scam or exchange scam. Since is as a cause of trying to fund their account to trade or either trying to withdraw funds from the exchange.

We can make it this way, look for a reliable coin, bitcoin or any other altcoin buy and hold. You can look out for the best wallet where to store your funds without any news about misplacing your seed phrase or private keys. It's not necessarily mean you must buy from exchange, get your self a good p2p provider I believe there are trusted p2p service providers whom you can send them fiat or any other coin in replacement of the coin you wants to hold, than involving yourself to an exchange for trade or buy coin at least to avoid us having different version of storyline.

If you think is not possible to deal with people on p2p trade, look out for those at your locality who is trusted and reliable then you can send your fiat and they s/he sends you the coin (must be reputable p2p trader), if the amount which you are trading is much why not half it and go by 20 percent of the total amount you want to trade, after which is confirmed you can then continue with another 20 percent by so doing you ends up accumulating enough volume of any coin you want to hold for long than as a newbie trader you get yourself into exchange or broker and got scammed.

Most times at the process of learning your trading you make money by holding and after you may have gain your bases then you can fund your account to continue your trading than trying to be in haste to make profits from trading, since everyone is on the move about trading you decided to follow that part with or without knowing trading is not for everyone. You have to discover your place in crypto-space if you noticed you aren't making progress in trading then divert to investment and, you must know the types of coin you will invest.

If this post doesn't suits here place call my notice to move it to another place you suggest that is more better.