Topic: Don't always believe what you see on screen about cryptotrading (Read 141 times)

They will not post on social media about the losses incurred in the trade they will only show pictures of profits so that many people are interested in the premium class they offer so that many people join these cheap signals, and stupidly they say that beginners who want to make a quick profit join by willingly paying a sum of money to enter their premium class.

Real traders they will not accept any rewards or not open premium signals even they will educate how to manage risk in trading properly.
While fake traders in other words just want to reap profits not only in trading but they also sell premium signals, usually these are fake.

That's what's happening in different social media in many fields, not just crypto or trading (or crypto trading). People doesn't show the entire story, only the good side, omitting the bad one and manipulating people's perception of reality. In many cases, they will even invent the good side with totally fake content.

This wouldn't work if people weren't biased to believe what they want to believe. But this does not take away part of the blame from the content creator.

Guys, as we are in the Beginners & Help section, do you a favor and stop following these so-called influencers. If you have enough willpower, quit completely social media. If you really want to succeed, try hard: read books, confront your beliefs in forums like this one, and even (who knows) forget about crypto trading.

If you think like that, for me it's the perfect factor for beginners in crypto trading, the screen doesn't guarantee someone will immediately dive into the world of trading, Without someone guiding them in carrying out crypto trading activities, basically trading is not as easy as turning the palm of your hand, it needs an expert to guide it so that it runs well.

Many of our friends immediately carry out crypto trading activities, using social media information, without knowing the actual risk effects, which is a real mistake they often make, Whether they are shy about learning or emotional factors, it took them years to get professional trading, learning the key to making a career in it, not looking at it from the side of the screen.

The issue is very important many have fallen into deep prey because of social media trade influenza though it's not possible not to come across of this things but given attention is where the problem lies.

The screen trade is typically showcasing the saying in our adage the more you look the less you see. Mostly Instagram and tweeter which is currently X I have seen allot of post that got me laugh on how people uses different tactical means to get people with lesser knowledge on crypto.

You forgot to add Instagram and Telegram. Basically there are scammers on every social media platform you can think of. My advice to newbies is never give your money to someone else to trade for you. Paid signals or trade bots are another trick scammers use to deceive people into giving them all their money.

If you want to make money from the crypto market, you should first do your own research and learn how to trade. Start with a small amount and develop your skill from there.

Many misleading information have been passed to innocent people courtesy of what you mentioned here. The reason why these traders made their own easy ways to convince their traders is as a result of the eagerness in the lives of people seeking for knowledge on how to earn some bucks plus the trust they have built within their communities over time.
 
This does not occur to only trading experts but also practiced by social media influentials who take advertisements for those trading or exchange platforms. I have come across a few of these influencers in my quest to learning crypto trading before I later realized they had only a few knowledge about what they sell or preach. This is why they make it look so easy, so much that they make you think you can build a Rome in a day.
 
I have not had the opportunity to study more on holding which I think still refers to as investments, but I have some ideas about it too. I have realized DCA approach to crypto investment is one of the most effective ways to holding your crypto because you get to minimize your losses and maximize your profits when you join a prosperous project.

The main problem is on how a newbie could be able to identify whether the information he is receiving is true or not, because from the use of social media, there have been a lot of false proclamation about cryptocurrency in which we habe to take time in going through many articles and other learning platforms in other to be sure of what we are holding on is genuine information, since everyone now seek attention on the media in other to propagate false informations in the pretense of giving online informations that are not it.

Most traders that run trading academies earn more from the academy than they earn from regular trading and that's why they paint an image on their social media handle that entices users to believe that it's easy to earn from trading and when you join the academy you're forced to spend too much that opting out becomes a big issue.

The thing is that most of the people who run this academy learned the art of crypto trading mostly on their own and learned all the hard lessons and the losses on their own better preparing them for the heat that comes with trading. If they had painted the negative side of trading to most newbies that are just joining the system, most of them Wouldn't have the mind to still continue with the trade. It's not true that traders don't make money from it and surely, I have seen a lot of them that have made something good out of the trading and some of the screenshots they share on their social media handles are true but the majority of others aren't. Another issue with identifying the bad ones is that you can't judge from the comment section of their social media handles if they are legit or not, this time around you can pay people to give fake testimony about a project that isn't even real, it's easy for the fake ones to pay people to speak and give positive testimony about them even when in the real sense those testimonies aren't true.

What I recommend for most persons who are looking to start up their trading journey if for any reason it's necessary to do so is to attach themselves to an individual they know of to guide them in the journey. If you're close to someone who's already in the business and is not all about teaching students and not really doing the serious trading himself, it's going to be the surest way to learn and get the hands on trading experience.

Real traders don't pressurize investors to invest in trading, seek for charges, or registration fees . Online crypto traders, most of them are fraudster and engaging people financially and keep disturbing them until they win making it look as if it's real that's where they get their money from .
Real crypto traders are not aggressive, are not after you paying them for their services being rendered to you, instead they will prefer to teach you without instant payment or paying for a code to enable you access their lecture or getting signal, even if you have to pay it will be little as a sign of appreciation .
The crypto traders that are not real,do not even have full understanding of trading, they just have little knowledge of it, because of their zeal to make huge and quick money, they don't want to study,  make research and be educated in it on how it's done,they rush into it,and when they fail , their emails and links is no longer accessible .

A real crypto traders will be well known with it's establishment, website ,links,history and employees in the crypto world.

I agree. There are more traders losing money than there are making money. And some of them on the losing side, cannot just for whatever reason best known to them admit it. So they stay back start up a trading academy. To teach other people the basics. And I don't see anything wrong in this because not everyone can be a trader, the only problem I have with them is when they start to brag about it and to deceive the public. Rather than do that, why don't they just promote your business in an honest manner.

Trading is a very challenging job that requires a lot of dedication and knowledge. Most newcomers who venture into trading lose money

Stay humble, stack sats

That's how they work to profit from the content they share on social media. They make the contents of the content from the first minute to the duration of one content interesting and unique so that social media platform users will choose to watch.
The thumbnail is made as unique as possible and the title is also made as unique as possible. When public spaces can be easily accessed to search for information about trade, references should also be easily found that enable us as viewers to assess and compare the content they convey.

In my opinion, 10 in 100 there are content creators who mention and explain the situations they experience in the trades they make. Professional traders also never always make a profit on every trade.

Traders actually don't like to show their strategies to the public even though they have the opportunity to earn income from their social media channels.

Generally on social media, people don't post their losses. Nobody goes to social media to post their Ls or their WINs. So if you're somebody that's oppressed by people's wins on social media you should think again.
On trading, I take everybody that post their profit constantly on social media with a link to join a class as a fraud. People who are actually traders don't constantly have classes where they teach people all the time.
There's also the need to show off. A lot of people just want to feel among, so they show off what's not true. If you investigate properly you'll see that the images are gotten off the internet most time or even a demo account.

Don't be moved by things you see online. Know the reality of things and stick to it.

It's easy. If they are on Facebook, or YouTube, or TikTok, they are fake.

Traders on social media always have a way on getting attention for them self and I noticed one common habit among, traders that shows off their profits some of those profits they are showing are edited and once they are able to get the attention of people majority of them will use it to want to scam people and those that won't use it to scam will use it to make money and they claim they want to teach how to make money and when you register for the class they will only teach you the basics and that won't do when you want to trade and since everything is continuity when you get to the basics some people might even get discouraged and not continue again. Anything involvement does not need to stop at the basics. Bitcoin is interesting but the sacrifice their is what people don't want to pay the sacrifice to learn what they are supposed to learn and that is one of the reasons they don't go far because when they are suppose to be learn all they care about is they want to be a top trader and the most important thing is you must learn.

They found ways to let people know them and people followed them and also paid them to learn about trading. That makes then also to be a successful traders but just that they are not making money from the trading that they are teaching people but making money from being a trading tutor. Just like you said, only few trader's are making money from trading directly. Out of 100% traders, almost 100% researchers that researched on the statistics of traders that are making money from trading, are pointing to 5 or less than 10% of traders that are among money directly from trading.

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'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.

Check their history. Dig about them. Do extensive research on them. It is not hard to know.

Some people can actually make money from trading but most traders are losing. It is also possible that the traders that are posting their trading activities online to be deceiving people with just their profits and not post about losses. Anyone that start to trade should know that they have more probability of losing than winning.

Many people make money from signals and also from social media. Many of them may not be making money from trading but just be doing as you said and make money. You will see many of them have hundreds of thousands or millions of followers on X and having trading classes with many people which is a paid service. That is enough to make money than to be trading.

You are right that they can make money from people and not trading actually. All what they know is the basic and they use to to gain popularity.

Crazy things are going on on the internet these days. Everyone is looking for means to take advantage of those who are in search of opportunities online, so most of those traders are just giving their audience what they actually want to believe, and they just buy into the story. It's as easy as that. 
 
Some people have actually made a few dollars from trading crypto, but it does not happen as fast as they parade it on the internet, like you can just turn $100 into $10,000 in a few hours. It's not that simple, but some people have made a lot more and even less by just buying some profitable coins, and they are lucky to be part of the early investors. Such a kind of profit still exists in crypto, but it's not common. 
 
It's safer to hold crypto than do the trading stuff if you don't know how, and again, no trader will say they have not made losses trading crypto before; it can't be win-win all the time.

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.
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 also have a question, how do you identify the real traders from the fake one?