ZachXBT emphasizes that one should only follow long-term traders with truly sustainable performance in the cryptocurrency market.

He believes that long-term success is the most accurate criterion for determining reliability, as many new traders often lack transparency or are at high risk, leading to unstable performance.

MAIN CONTENT

  • Only pay attention to traders with long-term and transparent performance.

  • Most traders on social media make money by selling courses and paid groups rather than through effective trading.

  • Incompetent traders create a lot of distorted information, misleading their followers.

Why prioritize long-term traders with sustainable results?

ZachXBT, a cryptocurrency chain analyst, stated that long-term experience is an important factor in validating trading effectiveness. In fact, only those traders who maintain public profits over time can demonstrate true capability.

According to him, many new traders or those who often use high leverage are usually prone to failure or temporary luck, so they often avoid sharing strategies publicly to hide risks or failures.

Only traders with proven long-term profits are worthy of trust; others often use tricks to attract followers or sell courses.

ZachXBT – Cryptocurrency analysis chain, 07/18/2024

The current state of profits and operations of traders in the cryptocurrency market

ZachXBT estimates that about 95% of traders on social media actually make money primarily by selling courses, paid groups, and not through actual effective trading. This leads to a lot of misinformation that confuses the community.

The number of inexperienced traders publicly sharing non-transparent data makes it difficult for investors to distinguish between those with real expertise and those exploiting media for profit.

How to filter out noise information, increasing the effectiveness of following traders?

According to experts, choosing to follow traders with clear, transparent, and long-term trading histories will help avoid falling into the trap of distorted information. Users need to be cautious of accounts that constantly change or refuse to disclose results.

Focusing entirely on professional traders with a good reputation in the community is the optimal way to enhance information quality and avoid falling into false advertising tricks.

How to identify traders who actually have long-term capability

Reputable traders often have public and transparent on-chain trading profiles, rarely change accounts, and are willing to share lessons and detailed analyses. Professional investors often evaluate based on logical performance, not relying on advertising or promises of extraordinary short-term profits.

Frequently Asked Questions

Are long-term traders really more trustworthy than new traders?

With practical experience and public records, long-term traders are significantly more reputable and stable compared to new traders who are prone to mistakes.

How to distinguish between professional traders and traders selling courses?

Professional traders usually disclose their trading history transparently and do not rely on selling courses or paid groups to make their main profit.

Why are traders who frequently change accounts not trustworthy?

Changing accounts often aims to hide the history of losing trades or high leverage risks, raising doubts about authenticity.

What is the way to follow trustworthy traders on social media?

One should focus on following traders with long-term, transparent performance and public activity, avoiding belief in baseless advertisements.

How do traders primarily make money besides trading?

The majority of traders today earn their main income by selling courses, paid groups, or consulting services instead of relying solely on direct trading profits.

Source: https://tintucbitcoin.com/zachxbt-hieu-suat-dai-han-quyet-dinh-trader/

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