New Trends Among Beginner Traders

[Pandu Geddon]

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.

Has anyone else here noticed this too?"

Not to wonder and anyone can do the same even without experience as they just share based on what they have learned when watching videos and online tutorials.

To question if that is wrong? Definitely, because those tips are unrealistic and never help us to succeed but instead, they lead us in the wrong direction. This time, we have a lot of people claiming themselves to an experts, and too sad to see that many innocent people also have fallen into them. Therefore, I would say that the quality of traders now is not quite good.

just because there is little success in trading, and they share screenshots on social media does not make such traders trustworthy in the analysis or signals provided.
those who share signals also don't know for sure what they are sharing. There is no truth as to whether the signal will be according to plan or not.
If you want to follow trading signals, it is better to find out first what the trading record of the person giving the signal is. I'm not saying all trading signal providers are bad. but some provide analyses that may coincidentally be appropriate.
These are all techniques that can be learned. So we have to master it first so that we don't just seriously follow the signals given. Let's just say the signal is a reference that we can study again.

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[bitgolden]

This happens very often, especially in cryptocurrency Telegram and WhatsApp groups. There are even those who are determined to open a VIP signal, but the material they use for their members is taken from Google or even signals from other VIPs. And in the group there are many newbies who are finally tempted by their PNL trading screenshots. This is very unfortunate, but most old traders and pro people are silent and sometimes they focus on trading and their own portfolios. They also rarely show off and tend to be closed when it comes to trading and PNL issues.

Sad reality, but it's happening. You will notice that in social media, there are a lot of advertisements that are about trading or influencers that are flexing their luxurious lives to attract potential investors and attract many new traders to their channels. What is the purpose? Simply to get profit from them, sad reality again: most of those channels are scams. Try to observe and join multiple telegram channels about bitcoin trading. You will encounter 2 channels that have the same postings, and you will notice that the other one is delayed because it is only copying from another channel. If those beginners in trading rely on this channel, then their trading journey is on the wrong path, and surely they will never get into something. That's why it's most important to not listen to and rely on groups specifically in social media. Yes, it can be a reference, but we should know how to distinguish which is a scam or not.

The saddest part is that we are talking about people who are most likely not making money from crypto or trading but making money from the people who follow them.

Doesn't mean they need to charge those people, they could take ads and that would definitely be a way of making money, if you have lets say 100k followers, you do not have to charge a dime from them, you can just charge other projects to pay you to promote them to your 100k followers, and then have a luxurious life, and act as if you made that much money and living that luxurious life thanks to crypto as well. That is the part that is taking the most time, and you should realize that those people are tricking you, we may see that, but not everyone can see it unfortunately.

[lombok]

Sad reality, but it's happening. You will notice that in social media, there are a lot of advertisements that are about trading or influencers that are flexing their luxurious lives to attract potential investors and attract many new traders to their channels. What is the purpose? Simply to get profit from them, sad reality again: most of those channels are scams. Try to observe and join multiple telegram channels about bitcoin trading. You will encounter 2 channels that have the same postings, and you will notice that the other one is delayed because it is only copying from another channel. If those beginners in trading rely on this channel, then their trading journey is on the wrong path, and surely they will never get into something. That's why it's most important to not listen to and rely on groups specifically in social media. Yes, it can be a reference, but we should know how to distinguish which is a scam or not.

The saddest part is that we are talking about people who are most likely not making money from crypto or trading but making money from the people who follow them.

Doesn't mean they need to charge those people, they could take ads and that would definitely be a way of making money, if you have lets say 100k followers, you do not have to charge a dime from them, you can just charge other projects to pay you to promote them to your 100k followers, and then have a luxurious life, and act as if you made that much money and living that luxurious life thanks to crypto as well. That is the part that is taking the most time, and you should realize that those people are tricking you, we may see that, but not everyone can see it unfortunately.

So in essence crypto and social media are just marketing tools to find profit gaps and sources of income, and trading is just a side activity or not even one at all. I also observed several VIP social media groups that were not even paid but had many followers and their source of income was collaboration with one of the big exchanges, as you said, by using their large number of followers to make money / usually called referrals. The profits are much bigger if you calculate it and are definitely very stable and have even greater potential. It is more profitable compared to trading which has the potential for losses.

[irhact]

This happens very often, especially in cryptocurrency Telegram and WhatsApp groups. There are even those who are determined to open a VIP signal, but the material they use for their members is taken from Google or even signals from other VIPs. And in the group there are many newbies who are finally tempted by their PNL trading screenshots. This is very unfortunate, but most old traders and pro people are silent and sometimes they focus on trading and their own portfolios. They also rarely show off and tend to be closed when it comes to trading and PNL issues.

The real traders won't come on social media to show off, they'll prefer to stay unknown and be making their money. When you start to show off on social media, you're doing that as you want to gain popularity or get money from subscribers. You're also putting your wealth to the public as you'll become a target to those individuals that want to steal from others. Real traders don't go around social media making noises, they study the market and make more money.

This new trends is done to gain popularity and they use their popularity to make money, they're not traders as they haven't gained enough experience to be called a professional trader. Block them when they show on your feed so you don't get tempted to want to be like them or join their fake channels. Learn to mind your business and learn, after you're done learning you'll be making profits in the future.

[Zoomic]

This happens very often, especially in cryptocurrency Telegram and WhatsApp groups. There are even those who are determined to open a VIP signal, but the material they use for their members is taken from Google or even signals from other VIPs. And in the group there are many newbies who are finally tempted by their PNL trading screenshots. This is very unfortunate, but most old traders and pro people are silent and sometimes they focus on trading and their own portfolios. They also rarely show off and tend to be closed when it comes to trading and PNL issues.

The real traders won't come on social media to show off, they'll prefer to stay unknown and be making their money. When you start to show off on social media, you're doing that as you want to gain popularity or get money from subscribers. You're also putting your wealth to the public as you'll become a target to those individuals that want to steal from others. Real traders don't go around social media making noises, they study the market and make more money.

This new trends is done to gain popularity and they use their popularity to make money, they're not traders as they haven't gained enough experience to be called a professional trader. Block them when they show on your feed so you don't get tempted to want to be like them or join their fake channels. Learn to mind your business and learn, after you're done learning you'll be making profits in the future.

This new generation traders (not limited to traders only) believe so much in the power of social media and their ability to make money from it. Most people who have one form of skill or the other are not even interested in the skills they have, they just want to gather followers/subscribers and make money through their pages and channels.  We are also aware that most of these social media traders use their social media platforms to dish out wrong information and even scam their followers. This is why we have to be careful of what information we digest from social media. 

As a newbie in trading, social media platforms like telegram and WhatsApp channels might not be the right place to learn about trading. There are actually good journals and trading forums to learn from. A good mentor is also a very good advantage if you are lucky to find one.

[batang_bitcoin]

That's common, maybe they're just making some posts for them to show to their future audience that they can use it to increase their following. This is known for these days and when the market is on the bull run, you expect more of them to come and that's a just another normal day in the market. There is no way to stop them if they keep on doing that but they know what's the reality of what they are doing. I am for that to say that they should stop doing it, stop giving advise when they don't actually trade.

[suzanne5223]

That's common, maybe they're just making some posts for them to show to their future audience that they can use it to increase their following. This is known for these days and when the market is on the bull run, you expect more of them to come and that's a just another normal day in the market. There is no way to stop them if they keep on doing that but they know what's the reality of what they are doing. I am for that to say that they should stop doing it, stop giving advise when they don't actually trade.

Like you said there's no way to stop them since most of the cryptocurrency enthusiasts these days are also after hype messages and i believe the people OP pointed out are just giving naive crypto investors/traders a taste of their medicine because most of them are only after quick profit.

Getting more followers is just one of the purposes of these so-called influencers while their main purpose is to hype their shady bag, do promotion posts for partnership projects, etc.

[batang_bitcoin]

That's common, maybe they're just making some posts for them to show to their future audience that they can use it to increase their following. This is known for these days and when the market is on the bull run, you expect more of them to come and that's a just another normal day in the market. There is no way to stop them if they keep on doing that but they know what's the reality of what they are doing. I am for that to say that they should stop doing it, stop giving advise when they don't actually trade.

Like you said there's no way to stop them since most of the cryptocurrency enthusiasts these days are also after hype messages and i believe the people OP pointed out are just giving naive crypto investors/traders a taste of their medicine because most of them are only after quick profit.

Getting more followers is just one of the purposes of these so-called influencers while their main purpose is to hype their shady bag, do promotion posts for partnership projects, etc.

Yeah, that's all about the potential money that they're going to milk from their possible sponsors and brand deals. There is nothing new with them. But what we need to do is to educate the people that we know or some random newbies and always make them aware of these things that are happening. And keep them reminded that most of the influencers aren't good with that title that they have but still, their grit and hard work to gain that much followers is recognizable.

[bbigtart]

Sad reality, but it's happening. You will notice that in social media, there are a lot of advertisements that are about trading or influencers that are flexing their luxurious lives to attract potential investors and attract many new traders to their channels. What is the purpose? Simply to get profit from them, sad reality again: most of those channels are scams. Try to observe and join multiple telegram channels about bitcoin trading. You will encounter 2 channels that have the same postings, and you will notice that the other one is delayed because it is only copying from another channel. If those beginners in trading rely on this channel, then their trading journey is on the wrong path, and surely they will never get into something. That's why it's most important to not listen to and rely on groups specifically in social media. Yes, it can be a reference, but we should know how to distinguish which is a scam or not.

The saddest part is that we are talking about people who are most likely not making money from crypto or trading but making money from the people who follow them.

Doesn't mean they need to charge those people, they could take ads and that would definitely be a way of making money, if you have lets say 100k followers, you do not have to charge a dime from them, you can just charge other projects to pay you to promote them to your 100k followers, and then have a luxurious life, and act as if you made that much money and living that luxurious life thanks to crypto as well. That is the part that is taking the most time, and you should realize that those people are tricking you, we may see that, but not everyone can see it unfortunately.

So in essence crypto and social media are just marketing tools to find profit gaps and sources of income, and trading is just a side activity or not even one at all. I also observed several VIP social media groups that were not even paid but had many followers and their source of income was collaboration with one of the big exchanges, as you said, by using their large number of followers to make money / usually called referrals. The profits are much bigger if you calculate it and are definitely very stable and have even greater potential. It is more profitable compared to trading which has the potential for losses.

This is nothing new, many people take advantage of this opportunity to use group channels as a medium to promote one project or another to followers or members to make money. I don't blame them because they are really good at taking advantage of opportunities or the enthusiasm of beginners to learn crypto, especially Bitcoin, from a channel group. It's just what I regret, quite a few of them promote scam projects which in the end many beginners experience losses and quite a few also share signals which in the end many beginners get trapped because the signals don't match reality.

[AnonBitCoiner]

There may be some of them who intend to invite their colleagues to get involved in crypto trading, but when many ask how much profit they get from the trading they do, they only state that the profit is not real.  It's true what Op said, it's best to focus first on understanding how it works before inviting other people to get involved in crypto trading.

I think this is in human nature, when they find about something new, they get so excited and immediately want to share about that to other people. without even learning and confirming if that thing is true or not. it is same with new Traders, when they find out about trading and hear from people that there is a lot of profit they immediately start telling their friends and family without confirming that by themselves first.
they hear only half information mostly from youtube influencers or telegram and discord groups.
it is true that there is a lot of profit in treading, but it also requires a lot of hard work, need knowledge and even with hard work and knowledge there is so much risk of loosing in trading. these nw traders miss these points and then end up being disapointed.

[Peanutswar]

I don't know how it was done many years in the past when learning trading, so I will wait to read the comments of traders with many years of experience.

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

Beginner traders have minimal knowledge and want to flex or share their knowledge even though most of their stories are just sceptical, because of clout chase. I don't know if they have different reasons why they keep having a flex with the knowledge they didn't experience some of them are just based on the second-hand knowledge or experience of another trader not really on them, if you want to learn more in trading invest in knowledge and keep it lowkey you don't need to share tons of things in the internet just people who want to know or curious is enough. You can see there's a lot of trading gurus telling they have a higher successful rate and selling their services even though its just a basics.

[tbterryboy]

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

That happens because people are greedily searching for signals and some people are taking advantage of this by creating fake channels for paid signals. As long as people keep searching for such signals, these groups will exist. It reminds me of a few years ago when ICOs were so popular because people were putting money into those projects like crazy but once people stopped doing it, I think that market has shrunken.

One thing people need to understand is - There is nothing free in this world and people giving signals would make money themselves if they were so successful. So, stop falling for such signal groups and perhaps spend that time learning trading yourself.

[Zigabel]

Trying to show off or rather putting out information when you know you are still at your early trading stage could actually be misleading because you may end up sharing half baked information which will mean endangering others who are just coming new to trading just like you and when they make mistakes they become discouraged and not interested any longer in trading meanwhile the problem is from the information they met first, usually first impression matters a whole lot, some persons may not be very persistent enough to get a better information as compared to that which they got already.

As beginners it's important you stick to learning first and focus more on becoming profitable and a good trader than rushing to come online and show off what you actually don't don't have.

[South Park]

Trying to show off or rather putting out information when you know you are still at your early trading stage could actually be misleading because you may end up sharing half baked information which will mean endangering others who are just coming new to trading just like you and when they make mistakes they become discouraged and not interested any longer in trading meanwhile the problem is from the information they met first, usually first impression matters a whole lot, some persons may not be very persistent enough to get a better information as compared to that which they got already.

As beginners it's important you stick to learning first and focus more on becoming profitable and a good trader than rushing to come online and show off what you actually don't don't have.

This is also very dangerous for those showing off, since one of the problem with lies is that if you repeat them often enough you may believe they are the truth, so a newbie trader which tries to make it seem as if they are an expert on the topic will begin to believe they actually are an expert, and this means that when the time comes they will take risks that are too high for their level of expertise and suffer massive losses because of their false beliefs about themselves.

[tygeade]

Beginner traders have minimal knowledge and want to flex or share their knowledge even though most of their stories are just sceptical, because of clout chase. I don't know if they have different reasons why they keep having a flex with the knowledge they didn't experience some of them are just based on the second-hand knowledge or experience of another trader not really on them, if you want to learn more in trading invest in knowledge and keep it lowkey you don't need to share tons of things in the internet just people who want to know or curious is enough. You can see there's a lot of trading gurus telling they have a higher successful rate and selling their services even though its just a basics.

Humanity has never been good at saying "I do not know", it doesn't matter what the topic is, you are not going to hear a lot of "I don't know"s in the world, whatever you are talking about and whoever you are talking to, the rarity of that sentence is not something to scoff at. So, when you see a newbie, trying to boast how much they know, even when they have barely any idea what they are doing, it is just humanity and we should not be considering that as a trouble.

I need to make sure that we are dealing with something easy here, it is going to be fine, it is not going to be a trouble and we just need to make sure that it is going to be newbies and how they are. Ignore them and just let them be, they will soon learn their mistakes anyway.

[Questat]

Trying to show off or rather putting out information when you know you are still at your early trading stage could actually be misleading because you may end up sharing half baked information which will mean endangering others who are just coming new to trading just like you and when they make mistakes they become discouraged and not interested any longer in trading meanwhile the problem is from the information they met first, usually first impression matters a whole lot, some persons may not be very persistent enough to get a better information as compared to that which they got already.

As beginners it's important you stick to learning first and focus more on becoming profitable and a good trader than rushing to come online and show off what you actually don't don't have.

That's the point and the internet is already full of misleading information that directly hits someone and falls into danger if they follow.
Ideally, as a learner or new to trading, must not just rely on a single source of information and must know the person we've followed. In fact, as you have said, a lot of people pretend to be an expert in the trading field but the truth is they are not, and they are spreading half-baked information to fool people and make them lose.

[Mauser]

I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.

Has anyone else here noticed this too?"

Everybody was a beginner one day and must have started somewhere to begin his trading career. There are different ways for people to become successful traders, it's not only one way that leads to success. For example, there are courses that teach the basic knowledge of trading, there are also books or YouTube videos or just learn it by talking to a friend who is a trader. It doesn't matter how or where we get the knowledge we need to become a trader, as long as we learn. The same goes for the experience needed to be a professional trader. Nobody can become a good trader alone with theory, there is a difference between reading it in books and experiencing it ourselves. That is why I am also a bit sceptical when someone wants to convince me he is a great trader. How can I verify his track record is legit, or maybe he is just sharing with me his past successful trades and doesn't mention all his losses. Better to be cautious at first and trust over time.

[Games.Bitcoin]

Beginner traders need to know a lot before starting to trade. In fact, there is much to learn about the age. Because you have to learn before investing, you can lose capital if you learn after investing. You can learn to trade from a demo account. Don't take advice from social media. Because there are many scammers on social media, they can lure you and steal your assets.

[beerlover]

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.

Has anyone else here noticed this too?"

Not to wonder and anyone can do the same even without experience as they just share based on what they have learned when watching videos and online tutorials.

To question if that is wrong? Definitely, because those tips are unrealistic and never help us to succeed but instead, they lead us in the wrong direction. This time, we have a lot of people claiming themselves to an experts, and too sad to see that many innocent people also have fallen into them. Therefore, I would say that the quality of traders now is not quite good.

I think the good traders joined in quickly because they were traders and they were in the trading communities and when a couple of them joined, they let the others know and they made money together. Nowadays, everyone who hears that it is a possibility ends up joining, which results with a lot more people who have never traded before to end up trading, and that's the issue.

Let me put it this way, the electrician that took care of the internet cables in my house back in the day said "they would not let it go wild, someone is pulling the strings of bitcoin price and they wouldn't let us make money", that's the level of people who are joining now, they have no clue, and they are ignorant on the subject and they still trade for some reason.

[suzanne5223]

That's common, maybe they're just making some posts for them to show to their future audience that they can use it to increase their following. This is known for these days and when the market is on the bull run, you expect more of them to come and that's a just another normal day in the market. There is no way to stop them if they keep on doing that but they know what's the reality of what they are doing. I am for that to say that they should stop doing it, stop giving advise when they don't actually trade.

Like you said there's no way to stop them since most of the cryptocurrency enthusiasts these days are also after hype messages and i believe the people OP pointed out are just giving naive crypto investors/traders a taste of their medicine because most of them are only after quick profit.

Getting more followers is just one of the purposes of these so-called influencers while their main purpose is to hype their shady bag, do promotion posts for partnership projects, etc.

Yeah, that's all about the potential money that they're going to milk from their possible sponsors and brand deals. There is nothing new with them. But what we need to do is to educate the people that we know or some random newbies and always make them aware of these things that are happening. And keep them reminded that most of the influencers aren't good with that title that they have but still, their grit and hard work to gain that much followers is recognizable.

Educate some random newbies? We can only tell them the fact just like we're doing now cause only those who want to learn will welcome our advice while those who are after profit will always ignore it until they learn the hard way because they believe that once they invest in cryptocurrency recommended by reputable influencer the next thing is making a profit. An example is a certain casino that the forum has warned a lot of gamblers about and some newbies are still the victim of the casino.
These are signs that only a few of them are willing to learn while most of them are after benefits.