Why did the closure of the copy-trading mechanism by renowned contract trader “Alex and the Essence of Trading” ignite a conflict among Taiwan’s crypto KOLs?
(Background:
Internet celebrities fighting! Crazy man accuses crow of leading the group, crow retaliates: You created fake two-way orders
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Table of Contents
Using copy-trading to hedge spot positions?
Alex’s retort: Who helped when we first started?
INSIDE co-founder composes music through AI
Contract copy-trading ignites conflict among Taiwan’s crypto KOLs! Recently, the cryptocurrency market has shown strong price trends, and the gains from copy-trading by many crypto KOLs have attracted attention. Today (12th), Alex, a well-known contract trader in Taiwan known for “Alex and the Essence of Trading,” announced the closure of the copy-trading mechanism, sparking a conflict among Taiwan’s crypto KOLs.
The source of the issue originated from a post 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 in a bull market is not a good strategy. Even if it is used to hedge the risk of spot price drops, it is not suitable for followers because some members may not have hedging needs, and he cannot accurately gauge the proportion of each member’s funds.
Alex’s closure announcement
Unexpectedly, the wording of this post led to misunderstandings, and many KOLs believed that Alex was using all the followers’ funds to “hedge his own spot positions.” They began to comment and argue. DA Capital Alpha analyst Samplus, a member of the Taiwan trading team, was the first to attack in a thread. In the post, he referred to Alex as “Teacher of Enlightenment,” but his words revealed a strong sense of resentment and dissatisfaction.
Samplus attacks Alex in a thread
Samplus’ post indicates that there will be more revelations
Not only members of DA Capital, but also another KOL, “Small Miner Digging,” on platform X, began to criticize Alex, accusing him of using the funds of his followers to hedge his own spot positions. Moreover, he exposed Alex’s copy-trading gains and success rate as well.
Small Miner Digging criticizes Alex on platform X
Afterward, Alex clarified that the consecutive three stop-loss short positions he had taken in the Bitcoin market were not used to hedge his own spot positions but were based on careful consideration of his strategy. He mentioned that he realized his judgment was wrong after the Bitcoin price reached $60,000 and decided to change his strategy. Additionally, Alex mentioned that although he had discussed the possibility of using copy-trading for hedging in his live broadcasts, after considering various factors, he decided to temporarily close copy-trading.
After Alex made this statement, the conflict did not die down. Alex then attacked DA Capital, accusing its team members of using him as a target for criticism to gain traffic and find a sense of achievement, believing that there was no need to talk about enlightenment.
Alex responds
In response, Xiao Shangnong created a song using AI to entertain and bring joy to this controversy. This song not only has interesting lyrics but also cleverly incorporates the details of the incident.
Xiao Shangnong admitted that he does not fully understand the specific points of contention in the crypto community, but through this AI-composed song, he has indeed brought a bit of joy to this controversial event. The cheerful melody may help the KOLs who are still upset to forget about the dispute.
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