My opinion on social trading in cryptocurrencies is mixed. On one hand, it's a great way for newcomers to access successful traders' strategies and start trading without a deep understanding of the market. On the other hand, copying trades can be risky if the trader doesn't understand the market's risks or dependencies. Ultimately, success in social trading depends on careful selection of traders to copy and risk management skills.
I agree with you in principle, but unfortunately the whole thing has nothing to do with trading. You neither trade yourself nor are you responsible for the success/failure of a trade, so you don't learn anything from it.
You also have to be extremely careful when choosing the trader you want to follow: The profit and loss statistics are calculated over a longer period of time and say nothing about how the trader is currently performing. If, for example, he had a winning streak at the beginning of the year, then at first glance he appears to be a very successful trader, even if he is currently in a losing streak and the trades are going wrong in rows. So you have to take a very close look when selecting a trader.