Bitcoin Forum

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

It is part of their marketing strategy to get sales. I suggest don't take their offer because most of them are scam and there are no actual premium tips and I am sure you can find them free in some blogs just like this one daytrading.com

If they actually making money from their own strategies why would they need to offer premium tips it's because like you said they are greedy and most of the strategies they offer can be found in some blogs and videos.
They are not actually expert and I am sure they are just gathering all information from another blog or videos.

These people are snake oil salesmen. They aren't good traders. Obviously by selling their "strategies" and "signals" they can generate more dependable income than by trading. Otherwise it would be much more profitable to focus on trading because of compounding profits.

Good traders don't like to give up edges. If a trading system is that good, you wouldn't want to publicize it by selling it. That would cut into your edge on the market. It's like using the same bot on default settings that a million other people use. You're all cannibalizing each other, cutting into each other's gains.

To make money from those gullible people, specially noob one. And by the way, I haven't seen any experts traders who keep asking for money. Because majority of experts will just keep the their trading secret within themselves. Just doesn't make sense to sure it if you are making tons of money out of your own trading strategy.

I also know some people who use their influence to push people by his bag and then dump later on. But, I also know some people who genuinely trying to help people with trading strategy (not necessarily sharing chart or signal). But they're maybe one in 100 people.

I think it is a usual thing which is purposed to make extra money. Regarding they are lying or not about their making money strategy through trading, we should do more researches about the youtuber. If he provides good proofs about his strategy and his earning then you can decide what to do.

No rational person would sell a great, working strategy for just a few hundred dollars as things can get saturated very easily in any field where you can make money, including in trading. Same goes for money-making ebooks that are sold on other forums that I've seen- they're both too good to be true. The tips the YouTubers are selling are also likely not going to provide you with whatever returns claimed. Most of the 'tips' being sold can be found elsewhere for free if you look hard enough as well.

Don't trust them especially YouTubers. They make video for earn money really their intention isn't just help you. There is no any quick rich method. They just follow few upcoming news and volume then predict about coin. They give signal but it's just based on some analysis, news and volume. So sometimes their signal becomes successful and some coin need to wait even 3/4 months for recover. So no value for this kind of signal. If really they knew any 100% conformed signal then they can earn millions by themselves. So better to try analys yourself. Not is it?

It's part of their marketing strategy as we all know youtubers are full of lies and gimmicks. They will say all things possible that any new traders want to here but in the end, those are just normal tips that you can even read it here in this forum.

There are very few number of users who have been providing good support to the users with their day trading experiences. Majority take it as a way to profit with the number of views. Day trading is quite complicated, but the same can be learned with ease when one has got the willingness to learn. With the tipping to the youtubers you could experiment on trading and understand it better.

The reasons were belong to the traders themself but might be they get those knowledge with experience and suffering plenty of loss so they consider there is no free in this world because they were became an expert traders with money and if people want their method then people should be spend their money to get it

during my forex trading I could still remember subscribe to this guy that claim to make about $30,000 weekly from trading and I Was surprised that he sell his strategies and signal for $30 par months and that was a great surprise to me because after subscribing I discovered that he only make money from the subscription and not from trading as most of the subscribers were really made to believe that the next month will be better than this month and new members are be brought in every day to subscribe the signal with $30!
Those acclaim experts on YouTube makes their money from the signal they sell and you should not be surprised that many of them has never make any profits from trading and some of them don't even have the mind to invest in trading.

They just simply want to milk most of their viewers but they never really did show such proofs, it is just a marketing strategy to make some very large amount of stash collected from their viewers who do give a tips sometimes. It is all known to all vloggers out there mostly in a live stream while playing to show some moves IF they are pro. The more subscriber they get the more money they will get and that's how they make money.

Is money ever enough when it comes to business? Even if they have made substantial amount of money, does that stop them from making more, these people you are talking about are selling their intellectual property which they have built up overtime for business purpose, it is left for you to patronize them or not since they are not imposing it on people. If you also do your research very well, you will surely get the ones that will give you what you desire.

When I started trading, I needed people that could give me signals as a beginner, I came across so many people that were selling theirs but through my thorough research, I got one that started giving me free till he stopped. Also not that paid things are more quality than free things.

OP, can you post the YouTube channels of those "experts" who ask for money? We should rank them on who's the best to worst "bullshitters of cryptocurrency trading". 8)

Yes and I think you are correct. They could see it as time wasting because they can go in there and make the money you as quick as you can't imagine. They might join a signal group for leisure and give signals if they want to.

Because they still want to make additional money from their tips and I think it's normal. We want to make more and more money from many things and making money from tips is another way for them to increase the money amount. I see it in the other fields too and the expert or the pro still asking some money to people because they give something to them.

It's because they don't really profit off of their trading schemes that's why they have to resort into selling ebooks and guides instead of just trading all day long. Don't get me wrong, there are really people out there who are putting in the extra effort just to give back to the community but most are scums and are only selling fake tips for personal gains. If one already found out a way to get a lot of profits, would he/she be so dumb enough to share his/her knowledge and potential split the profits he/she receives? Of course not.

I have known someone like this, he charged money to get people into his telegram chat and he had two of them, one was for general public that he shares few info that would eventually come true which made people want to get into premium chat and one was premium chat where he shared stuff constantly.

His reasoning for asking money was to keep the number low, he didn't want to many people, I mean he was already making a lot of money from trading and the chat income last we calculated was about a thousand dollars per month for him, we have seen his trades and we did trades at the same time with him so we knew he was making much much more than a thousand so we had no reason not to believe him.

He just didn't want people who constantly bothered him, he sometimes even didn't renew some peoples premium just to keep them away, he wanted a small smart chat for himself and that is it.

As long as the offer does make senses then it is normal, but if we see that there is something is a bit suspicious so we need to be careful. Usually real expert traders will share their experiences in trading for free and high likely they will only ask viewers to register on the exchanges or trading site through their referral link without asking for fees or whatever it is called.

I recommend you not to take those "expert traders" premium tips. This is just part of their business gaining money. I'm sure you'll just regret if you will take their offer. Maybe if you could share us those "expert traders" you saw, and we can have our judgment on their schemes.

The eternal question, with the eternal answer: it's because they're not expert traders making guaranteed profits. They're just marketers selling snake oil, peddling their wares in the most attractive form. That, currently, is "crypto". Doesn't help that some users actually did use these systems and did make money during the 2017 hey day. You simply couldn't make a mistake buying anything with your eyes closed, it was a matter of x10 or x100.

I know some people genuinely make this a living, but even the more genuine signal sellers don't show you 100% transparency, because they know they couldn't sell their product if the actual performance were laid bare.

"Expert trading tips" is just a Fugazi! It doesn't exist! Majority of the youtube videos you see are either edited or animated to make you belive that they have made a lot of money! The reality is somewhat different! Follow your own brain while trading and that's the best thing to do!

Business. They are in the business of making money out of crypto that's why they wanted to sell everything to anyone who will bite on what they are offering.


Maybe they are not experts after all. And who the hell will 'grade' them and tell them they are in the first place. This whole crypto sphere has spun too much of a money making machine for everyone. I remember when I was just starting my journey as a online market like 10 years ago, I fall for this kind of trap selling tips in a PDF format, but once you buy and read them, they are just rehearse or just a copy of other "tips" where you can get it for free.

I am not a youtube experts but if I were to be one, I would also ask for funds in order to provide a valuable information, the truth is that an information you don't pay for won't be valued by you since you never spent your money in getting that knowledge, this is why I would always advice people who has valuable information to sell that information to me instead giving me for free, I think everyone should have this mindset too.

Do you ever realize why most services are giving out trail period ? The obvious reason is to test but the hidden reason would be, making you get used to. After getting habit of using one particular services, you may feel like subscribing with them even that would be not in your budget or you might have been in a plan of delaying for some times.

I've seen some helpful guides though that really show their statistic on how they managed to do it.
But most of them will be trying to show that they have tips about this and that but before they have to give it to you they have to ask something from you to do this and that. What's out for their clickbait it might ruin your imagination.

They say it is their job and they did the research, studies and hypothesis about the preferred coin. ;D
And so they want payment because of that.

But look, it is hard for the crypto market to be predicted. So you could just go your own way while learning the market moves.
You still have your time. Ignore those who think they see the future.

Thats what they are saying but the question is,do they really earned that much?i don’t think so because if does for sure they need not to put premium channels instead will give them for free so others might benefits

Well crypto community is filled with more greed people than neutral so expect many of them will charge you for even simple favor.but do you wanna hear my views here?stop listening from this greed people that only concerns their profit instead find you own way to gain,and we can do it by being knowledgeable in each area of crypto world

We can make our self become more expert than them by keep learning about trading strategy and risk management, actually they want to make more money by offer premium member and also from youtube channel, but they can not guarantee if their strategy and signal will offer profit. I was subcribed youtube chanel of many trader/investor that claimed themself expert but they did make alot of mistake about prediction of this market.

Never believe anybody because most of them are lying and your point is absolutely right 'Why would they ask for money for premium content if they had gained so much money from their so called 'working strategy'.
I had been a part of an project but later I had abandoned it for some reasons. We tried to promote the project on youtube contacting crypto youtubers to promote it but most of the youtbers (around 95%) asked for money upfront. I got to know that day that all those shillers who claim they are big crypto enthusiasts are there just for money. All those people who provide crypto signals are probably making random predictions and will charge you for it. It's better that you learn from scratch by yourselves instead of believing some random person. It's a world filled with cheaters and scammers.

Either both of the things you have mentioned are the only reasons why these traders do sell out their so-called premium tips or trading content.This is why
its total BS if you do consider yourself to purchase nor subscribe these things yet you can able to make it on your own.Tools and other trading learning guidelines is already
on the net and theres no need for you to spend even more for these things which you can eventually obtain or learn.

See dude,  first of all you need to understand the depth of their concepts.
They show us in their catchy YouTube videos,  various strategies and tips to make profits and it only work for once or twice. If the strategy kept on working then the trading site will be bankrupt lmao.
Yes they keep on asking for money, as who on this world does not like extra money.
Nevertheless they make huge money from their profitable strategy, but still they want extra money to keep themselves hydrated.
Hope you got your question cleared.

Experts or not, that's how these people make money. And don't misunderstand, there are really a lot of experts offering their tips for payment but there are also those that only want to take advantage of people who won't learn on their own. There are people who also offer free tutorials and tips for those interested but you have to subscribe to their channels. These people have the capability to make money out of youtube so why not utilize it.

Maybe they think their strategy is worth because they spend time and money to that thing. But for me, if i see someone who ask money for their strategy, i'll skip it because even i can pay, i can't do same thing like him.

Why would you do such a thing, can you kindly put yourself in their own shoe ?

You would have done the same thing too mate, and that is why they are called experts. Is this not why many of us go to school and graduate, to become experts in whatever e choose so they people can call for our services in future and pay us for it.

So, if they are expert in their field and have gone through vigorous training, they deserve to monetize it because they also paid to acquire the knowledge, and the only issue I can have with them is when they are asking for too much money that is not what it, then we can term them as scams.

you may already have reached the same conclusion as I will say, but in case you have not arrived at the same conclusion that I will say I will say what I think of it all:

These guys are very liars, they do not make a lot of money as they say, think: if you had to earn a lot of money, you would still have your youtube channel and sell your tips or you would enjoy your vacations and you would be preserving yourself that no one knew that you made a lot of money? People who make a lot of money, care about their own security, and avoid exposing themselves to social networks

On point thats why we can really say that even if they are making some money but it wont really be sufficient enough for them to be called rich or financially
free thats why they do tend out to sell their tips for them to make even more money out of those noobs who do believe on such signals.They rip off specially to those
who are just starting to trade or even the older ones depending on how they do market their tips effectively.

Well, lack of knowledge is what makes a lot of people fall victim of these, although his action is not a criminal case, he is only simply trying to make money from what he felt he knows and would be in demand by novice but I believe he is not enforcing any of these on the viewers, most viewers that find problem with it should also go and learn the way he learnt and see if it will be an easy task for them to carry out.

They also need to learn to do it on their own which I am sure some of them too will also sell out when they have the opportunity to do so. So let them sell their premium tip for those who will choose to have it.

For the YouTube guys, I think I can say that maybe they want to cover up some finances that is used to make the video, outside from the expenses made for it, I think no need for high fee, just what is used for the production of the materials.

Then i bet it would be better to shut up with his strategy If he doesn't want people to bother him. This is not reason enough to charge people. It is greed.

I think they are giving the tips and tricks for everyone so don't be ready to share everything for free I think they will using it for promotion and for making money only it will be correct for them.

They are lying, it is as simple as that, someone that is making a lot of money in the markets can only have two attitudes towards giving his knowledge away, in one case they will not give up their knowledge for any price, we cannot blame traders with that attitude since their knowledge probably made them millionaires, and the other attitude is to give away their knowledge for free since they do not need the money.

Those so-called expert traders might really be profitable and by extending out their profit making they tend to share out their trades by some sort of fee into the public
but actually these arent really ideal to be followed upon yet if they are indeed profitable no one would bother himself to share up because subscription fee wont really be that big
for him to bother out on handling people.

Well it is as they say, if you are good at something never do it for free, well obviously these so called experts are only experts at lying and scamming people, not only they are lying about knowing what will happen in the market and the prediction that they claim about the market, but they lie about what they put in these courses, if they actually knew anything about the market they would keep it to themselves and the would be making millions.

Now how is this related to the topic we are discussing here?
Trying to promote and exchange with a referral link on your posts?
By the way it's against the forum rules and you  should stop the act as soon as possible

Because they are not actually making money. They have winning trades here and there, but they are losing a lot of the time as well so marketing their so called "products" is another good source of income for them besides their videos monetization.

Good question.

Why are they not doing it themselves?
No capital is not a good reason. If they are sure with what they predicted and their strategy then it will be at higher accuracy.
But the truth is, it is not.
They were all just basics of how to trade and read a candlestick. Better to just learn it yourself while also trading for a little money for starters.

Exactly!
If they trust their advice this much. They should have been doing it themselves then making paid channels. People are quite gullible. Human nature is full of greed. So, yeah by showing a few fake/real trades, they try to lure you and make money over it. A simple business logic based on human greed. I have been the victim of this. First you lose money by paying the fee and then you lose money by investing in wrong signals..

Why would you even pay for it if you could learn to trade for your own?
You should Learn then earn from your own skills and knowledge .
Don't rely too much on the TA and Pro traders tips do your own research and make your own profit.

They make profit in trading for sure, but they've also earned a lot on this kind of business and that's why they keep on asking for the money. I've never get involved myself into this kind of group or on any signal group, because I know its totally useless. Youtube is also a way to make profit, so they keep on doing that kind of trading tips so viewers will come and if they fool enough the viewers, membership fee will come to them. Expert traders will always tell how much they make money but never share their losses, just to impress everyone so don't believe easily.

Same here, to be honest, I was tempted before to join this so called pump and dump group. However, I realised why as these people offering this service when they can make a lot of money just by trading amongst themselves? And I realised that they are just to scam people, unsuspecting victims who are willing to get suckered by this scammers.

It's up to you if you will believe them or not. It's good to know that you doubt on that as it's somehow a fraud for them to make more money. But on their side, they are doing that for mentorship; usually they share their techniques they are using which they can't open to all people. If you're determined enough, I swear you don't need that. Learning in trading is actually free, we just need to search a lot.

Its very simple this is not greed but they are just lying about their strategy. They might have earned a good amount for a specific period but they are not able to tackle every market situation. By showing their profitable statement they are just trying to lure people. By selling their signals for money they are always in win win situation, first of all such people are charging for giving you trading signals, secondly they are playing with your money. If trade goes into profit they will make confirmed subscription for next period and if trades goes into loss, its your money that is lost,they have already charged for their services from you.

Lot of traders have their own expectation and prediction so I think they are all selling their own ideas so earn money from peoples have no point in trading to gain some profit.

True, but you have to consider the fact that the market does not always favor income, and same as the others timing is essential if the market is in a bad proposition then not earning some is better than losing some if the market fails having a different option is necessary for people who wants to keep earning even if the market is not doing well.