Why did the closure of the copy-trading mechanism by well-known contract trader “Alex and the Essence of Trading” ignite a war among Taiwan’s crypto KOLs?
(Previous summary: Internet celebrities quarrel! Crazed man accuses “fraudster” of leading the group, and the fraudster retaliates, claiming that Nick is creating fake double-sided orders.)
(Background information: Copy trading, a hidden indicator of explosive losses in trading? Experts warn of the “asymmetric trap,” as the person leading the group may be even poorer than you!)
Table of Contents:
Using copy-trading to hedge spot positions for group members?
Alex’s retort: Who helped when I first started?
INSIDE co-founder composes through AI
Contract copy-trading ignites Taiwan’s crypto KOLs! Recently, the cryptocurrency market has shown a strong trend, with the price of BTC breaking the $71,000 mark. This has led to a closer examination of the copy-trading profits of many crypto KOLs. Today (12th), well-known Taiwanese contract trader “Alex and the Essence of Trading” announced the closure of the copy-trading mechanism, sparking a war among Taiwan’s crypto KOLs.
The source of the issue stems from a post made by trader Alex on the Telegram channel this morning. The post stated that Alex’s copy-trading system would be closed because he currently believes that trading contracts during a bull market is not a good strategy. Even though it can be used to hedge the risk of spot prices falling, it is not suitable for group members to copy-trade because some members may not have the need to hedge, and he cannot accurately determine the proportion of each member’s funds.
Alex’s closure statement for copy-trading
Unexpectedly, the wording of the post caused misunderstandings, with many KOLs believing that Alex used all the members’ copy-trading funds to hedge his own spot positions. They began commenting and arguing. Samplus, an analyst from the Taiwanese trading team DA Capital Alpha, was the first to fire shots on the thread. Although he addressed Alex with the respectful title of “enlightened teacher,” his words carried a strong sense of resentment and gunpowder.
Samplus’s thread targeting Alex
Samplus’s post indicates that there will be more revelations
Not only members of DA Capital, but another KOL, “Miner Digging for Coins,” also made sarcastic comments on platform X, accusing Alex of using the copy-traders’ funds to hedge his own spot positions. Furthermore, he exposed Alex’s copy-trading profits and success rates.
Miner Digging for Coins’s sarcastic comment on platform X
Alex then clarified that his previous three consecutive stop-loss short positions in the Bitcoin market were not used to hedge his own spot positions, but were based on careful consideration of his strategies.
He mentioned that after the price of Bitcoin reached $60,000, he realized that his judgments were wrong and decided to change his strategy. Additionally, Alex mentioned that although he had discussed the possibility of using copy-trading for hedging in future live broadcasts, after considering multiple factors, he decided to temporarily close copy-trading.
After Alex made his statement, the war did not die down. Alex continued to retaliate against DA Capital, accusing its team members of attacking him for traffic and gaining a sense of achievement through these attacks, and stating that there was no need to talk about enlightenment.
Alex’s response
In response, Xiao Shangnong used AI to compose a song to entertain everyone. This song not only has interesting lyrics but also cleverly incorporates the background of the dispute.
Xiao Shangnong admitted that he doesn’t fully understand the specific points of controversy in the crypto circle, but through this AI-created song, he has brought a bit of joy to this controversial event, and the lively melody may help the still-angry KOLs forget about the dispute.
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