Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Recently, I received a bunch of questions in the backend: "This account has a 90% win rate, can I follow?" Instead of answering each one individually, it's better to thoroughly expose these rampant scam tactics. Those trading accounts that label themselves with high win rates are almost certainly treating investors as ATMs.
These scammers have changed their aliases multiple times. From their early account names to various pseudonyms, and now they’ve adopted new disguises to continue their schemes. They change names frequently, but their tactics remain largely the same—targeting inexperienced newbies.
Let me break down their scams; there are three core tricks.
**First Trick: Cultivating Accounts and Fabricating Data**
Scammers select cryptocurrencies with very low trading volume and little notoriety. Then they use their own small accounts to trade back and forth, artificially pushing the price up, while making their main account’s win rate look exceptionally impressive. Here’s a heartfelt truth—talking about win rate detached from liquidity is just deception. For low-volume coins, prices are easily manipulated, and they can generate any win rate they want. Following such accounts for signals is no different than throwing your money into a black hole.
**Second Trick: Boiling the Frog Slowly**
When newbies are attracted by the high win rate, scammers start playing the role of a "caring mentor." They repeatedly emphasize the need to "use fixed ratio copy trading." This advice sounds reasonable, but in reality, it’s setting a trap for you.
**Third Trick: Capital Traps**
Once you follow their signals according to their routine, your account’s funds are completely controlled. You can’t stop losses, you can’t close positions, and in the end, you can only watch your principal evaporate.
If you see such accounts on any exchange, the smartest move is to block them immediately. There’s no such thing as a consistently high win rate—unless that win rate itself is fake.