I've been asking my self this question though as I'm still trying to get my head around it. On the internet, social media you see so many crypto traders posting their trading wins on their profile. They always make it look good on the screen that crypto trading is far more profitable compared to holding. Which from what I've seen it isn't. Traders makes so many losses riding the market wind. So I was wondering why those on social media refuses to let everyone also know about their losses.
Social media is where all the lies happen most times without consequences and because people do not care to verify, the algorithm makes whatever false claim the trader has posted to be visible to more people. Losses have no friends. There is no validation from losses. Rather wins or profits or even the perception of being a successful trader is what people want.
I just came to a conclusion that most of these traders on social media didn't actually make it from trading the crypto market and making profits. But got their profits from tricking people into trading with them. I tried clicking on some of the links they provided on their social handles and it took me to their telegram class, where they claim to offer free signals. But then to join the big boys you are supposed to pay a huge sum of money for that class. This tricks are what they play on people and make their money.
I'm glad you just found that out now. We've know about this a long time and even discussed it on the forum extensively. Most crypto traders on the internet are not successful traders. Their money and success comes from selling their courses, online masterclasses, VIP groups, VVIP groups and others. Only a few traders are actually very successful and they do not make alot of noise.
I also have a question, how do you identify the real traders from the fake one?
Check their history. Dig about them. Do extensive research on them. It is not hard to know.
[/quote]