Newbies look at profit and loss screenshots, veterans look at capital structure: appearances can be faked, but structure cannot deceive.
"This big shot made 100,000 in a day!" / "He multiplied his investment 20 times in 30 days!" Newbies see these screenshots and get excited, thinking they've found the "land of faith" or a "shortcut to wealth".
But you never know if those screenshots are from a live account, a test network, a demo, or if they are photoshopped.
Veterans don’t look at screenshots; they look at the on-chain capital structure. Does this person's address have continuous capital injection? Are there large amounts of phased purchases? Is there warehouse management and reasonable profit-taking? Is there low-position building during non-mainstream time periods?
More advanced veterans even track the main wallet addresses of project parties or KOLs, monitor their inflow and outflow activities, and deduce whether the current coin price has any major operational logic.
This is the real "information warfare".
Screenshots are easy to fake, but on-chain structures cannot deceive. What you see is "result manufacturing"; what they see is "process design".
Newbies watch the performance, while veterans study the script.
The more information there is, the rarer the truth becomes. If you are obsessed with appearances, you will ultimately become a mere participant.
