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Hi Everyone!

I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!

https://blog.shrimpy.io/blog/the-end-of-crypto-signal-groups

Thanks

You are right, signal groups are currently dying a slow death. Finally.

Anyways, I skimmed through your article. You should rather tag it as an advertisement, the headline is only covered in a few self-repeating paragraphs, the way larger part of the article deals with the benefits of social trading platforms like yours. Social trading is just another way of luring people who should definitely not trade into trading with false promises in my opinion.

What social trading really is? It's something like you are still relying on someone or some tools. I just read the last part of the article which also romote another website or tool in trading, lol. :D

What really the best is learning, gaining knowledge, gaining experience and always study about trading will let crypto signal group ends.

What if as time goes by, most of traders are already well-knowledge and every newbie will start to learn and they will know how trading is risky, are there still any person will subscribe to paid signal groups?
Because most of the subscribers there are lazy, don't want to learn and just relying to other people.

I found out that in a telegram, many crypto signal groups available but we don't know which groups could give the right signal. I think people are tired to check the signals from a few months ago because the market is not showing significant movements and the price still at a low price. But it seems, the signal groups now are trying to give a new signal by spreading many signals from the market and hope that one or two signal could work for them. And if you decide to use that signal from whatever sources, you better to analyze again, so you know if the signal will work or not.

So that is what I used to see in Youtube advertisement
 Looks like this is just another one of those kinds.
Well, we could really say you are growing in numbers since you made it here too.

But is bashing one group really that necessary to get the upper hand?
I am not a protector of signal trading because I hate it too due to experience. But aint you the same with them by doing so? Do they still have the larger supporter by now since that could be the reason for you to make bad things like this?

The reality is that these "many" groups aren't that many at all, but just the same entities cycling through groups because their signals could be profitable one day, and completely unprofitable the other day. People leave the unprofitable groups to go with the profitable ones, but they are operated by the same people, so they aren't losing out at all.

I'm not really against signal groups because they aren't doing anything shady as long as they don't promise you guaranteed profits. It's up to the people themselves to make the decision to actually pay for their services or not. I just wish people made a rational decision based on the little understanding that they have of this market, and not just blindly hand them over money in the hope that it yields a monetary gain.

Yeah is that possiblle one of the reason is difficult and harder to predict each coins because of the high volatility fluctuations, speculation aren't basis trend to uprising coins in the market. So meaning the signal group is useless and very huge fee to become a member of that group.

Nowadays it is indeed difficult to find an accurate signal, but even so the novice traders are still looking for it and even pay to get a premium signal. I don't know whether their signal is accurate or not.

Just say it is not totally 100%. I didn't saw any traders or signal group providing sure profits on their every trades they provide.
I observed some signal group before that there are months they are owning for their trades but there are also a month they are totally bloody red.
The only problem on signal group is how long you gonna stay especially when their subscription fee is too high.

After years of spamming telegram and discord groups, crypto signal group will eventually die. Some newbie traders are getting les interested. Social trading might take over but I see its fate not different with these signal groups. It'll also die sooner or later.


Only a few will claim that it is accurate, those who are given the signal in advance (privately). After they are done buying, the signal is sent to these unsuspecting newbies. Once they start buying, those who bought early will start dumping.

I not really think if crypto signal groups really useful. Maybe yes for who can know when to buy and sell. But usually it make us to pay in high amount of money, and i think my capital is less than how much i should pay. That is why i not use any crypto signal groups.

My opinion that it was never helpful in any way. The first one who bought are creators or admins of that group and they are the ones who really profit in this scheme. And op is right and that after the long bear period, people lose interest in trading crypto which stops new people to get in which is also stops those lying pump and dumper crypto signal groups who invite newbies.

When i first start trading i also followed that kinda group for lot of profit in short time or doing nothing. But after couple of follows their strategy i realize they don't get you profit actually they made profit them self. Which people are newbie in trade i strongly recommend stay way from those scammers if you really want to make money from trade. And thanks for sharing your article hope it'll help lot of people.

The hype of joining Crypto Signal Groups is because of those people who are lazy to research on their own and will just rely on other's doing. In other words, want a decent income while doing nothing. But instead of profit, most of them got wrecked. Sometimes these people really need to lose some before learning. There is no way they can escape the strong volatility of crypto.

Thanks to 2018 bear market. These put an end to most of the signal groups.

---

To OP, I suggest making an ANN thread about the service you are offering there.

2 years back I introduced Bitcoin to a ~50 years old lady and also sold her some bitcoins to start with (4 digit numbers). In the earlier days, she was truly using bitcoin as a payment mean...
.. Until she discovers those shit groups on Telegram and despite I warned her she continued.

Guess the next: with the time, she lost almost everything by buying some random shitcoins, pumped by stupid channels on TL and dumped the next day

Ehh. These "social trading" stuff whereas you can follow the portfolios of other people has been around for a while already, through services like eToro. I doubt this will "end" crypto signal groups, probably just lessen the interest in them, especially if these social trading platforms are paid. Unfortunately, these "trading signal" groups, both legitimate and illegitimate, will exist as long as people trade bitcoin and cryptocurrencies.

I thought they are already long time dead? :) I havent read out the article yet but maybe later on.I would give out my insights about these crypto signal groups.
Never ever with my trading career or path do consider out on joining these crypto signal groups specially to those premium ones that do require out some fees for you
be able to join up excluding on some circumstances when i do see some free ones- im aint interested but i do join those free for the sake of checking out their analysis
verifying and do make some study if it can be applied or not with my own analysis too.Sometimes it do collaborated with my interest but most of the time those are just
fantasy kind of predictions or basis.

Signal groups in a way, function similarly to pump and dump groups. And at the top of the pecking order is the creators of those groups. They point the direction their followers should trade in and have a head start to take position and profit from the trades. It's never a good suggestion to follow the trading advice of someone else, especially if you plan on being a long-term trader.

Sorry to hear that  :'(
They should be called newbie scamming groups, would be far more accurate.

But I find the article pretty weird, after all:

So, we're replacing the old scam filled telegram groups with industrial size newbie shaving facilities?
Anyhow, other than theory and fancy wording I don't see any real metrics that would point to those groups dying out, just another disguised publicity article.


They's don't just function similarly, it's the same thing, but Signaling sounds better than Pump&Dump, just as ICO and IEO sound better than "Buy a Shitcoin".

The reason why they went out of business was mainly due to not having a decentralized version of doing it. I remember one telegram group for pump and dumps that literally picked which coin will be pumped and dumped by just the last digit of a litecoin chain and that was actually not a bad idea, nobody would be able to get in early and everyone had equal chances. Now pump and dump is not similar to signal groups I know but there was similar reasons why they got burned out as well.

Signal groups were the same, some people got it early and bought, others got in too late and burned out, which resulted with only few people making a profit and most of the people losing money. Also most of the calculations were based on charts and we all know charts were not a good indicator most of the time.

Signal groups were not useful at all. And those users who earned profit made it by chance, not because of these groups. Maybe only naive and unexperienced users really thought that such groups might help them, everyone else new this was rubbish.

Signals usually appeal to those who tried trading but sucked at it, and that after many attempts. If we keep in mind that ~90% of all traders lose (regardless of what they trade), it's not really a surprise some of them revert to signals.

Based on the very large forex signal groups (100k and onwards followers) that I have seen in the last couple of years, I have to conclude that the demand for their services is going through the roof, so no, they're definitely not out of business.

If even 10% of them pay every week or month for their subscription, that's a lot of money they generate, and that just by releasing a few signals on a daily basis. What a life they must have scooping up money that easily.

I really don't think signal groups are going away anytime soon either. There's a ton of lazy people out there that just don't want to do any significant amount of work trading for money out there, and paid groups appeal to those people because they think they're getting 'reputable' signals because they're paying someone else to do the work for them. It'd be great if they were to die out, but I'm still seeing signal groups popping up every single day and it doesn't seem like they're starting to die out yet.

There is a demand for this signal groups and they are coming from those newbies who don't like to learn how to trade using TA. What this newbies dont know is that this signal groups is just operated by a few people. You will notice that they will promote another group who also claims that they announced a good signal that earned 300% in the past 48 hours. Instead of paying for a monthly fee for this signal groups, I would rather spend it in joining seminars or webminars teaching how to read those graphs and candle sticks.

You should have written a summary here rather than just giving out the headline to advertise your blog. The fact is that any signal group will make money only when the market is booming and you do not need to be an expert if you predict any price when the price is about to move higher and then claim that you predicted that later down the line  :P. No one really cares about these signal groups but new people coming into the market will always fall for these traps. With the market yet to explode in the coming years, i am expecting another explosion of signal groups popping up ;D.

Indeed a good article. And that's the well truth about crypto signal groups. Subscribers are not really gaining. In fact, they are just losing because the signal they are releasing are not that really accurate. And that makes the traders makes a garbage instead of profits. I am not discouraging everyone here to join such paid signal groups, but if you are capable to read technical analysis, you can take a risk and go on with your own trades.

Trust your own TA. Not all signal groups are relevant.

The good signal groups are getting smaller, I join some signal channels they give a lot of signals, but they only show off the success signals and the failure signals they never mention. On the other hand, participating in many things makes me confused by different information, I will consider leaving some groups.

Crypto signal groups were meant for the stupid newbie who don't know anything about trading. They want to make some quick cash, that's why they get into it. For a little knowledged people, it was ended long ago. Signal groups are one of the crappy things I see in crypto space, they make money for nothing, in fact for deceiving people.

You are right, those who are providing crypto signals will have their own goals because with sudden growth it is impossible to sell them quickly. Definitely this will lead to loose value in the market, I have personally experienced this type of failure by following those signal groups. So it is not suggestible to follow those signal groups.

It's already 2019, I thought that signal groups has slowly dying because there's no more money flowing in the market at this time. The people behind have been exposed as running a scam so I don't know why individuals still getting into signal groups despite the many warnings this community has been given.

No need to rely on those group, if someone really wanted to get rich then do your own TA or at least learn and study how to read graphs that's it, there's no secret recipe here but hard work and knowledge.

Not all of these signal groups are rubbish, sometimes there are some signal groups that give signals while educating their members. Even in my area, we have a community like this, where we provide technical and fundamental analysis while predicting prices, unlike other signal groups where they only ask their members to sell and buy at certain times but a good signal group is to give reasons for every market movement according to its own sentiments .

I think that the majority still believes in these groups, since many have the habit of trusting the Signal Groups since trading on Forex.  It was on Forex that the Signal groups acted, which somehow made it possible to receive a certain profit.  But this is only nominal, since the main profit was concentrated in certain hands.  I believe that the same practice applies in the cryptocurrency market and therefore all Signal groups should not attract the attention of traders in such a massive way.

I once invested in an altcoin named signal am just hoping it not what you meant..
If it about groups that talks about cryptocurrency and gives chart, prediction and all that I have for some time put an end to them myself

Ohh the bull.

It is not because of your company which is why this signals will be bankrupt or let us say out of service because of lack of customers.
It is also because they are getting a lot of bad reputations from different users. Statememts of scams and robbery had been told and it looks real.
The victims dont have a company like yours to say they are just dragging the signal groups down.

It is slowly dying for the obvious reasons, the cash flow among altcoins is in the low levels. In the bull market, whichever coin the trades chooses the probabilities of reaching higher points than entered price levels were the higher than 70% at least. The alt season is the name of that hidden hand provided the good results and even the 1-month profitable traders started to give a free crypto trading courses like a guru and the shilling of the bag coins spread all over the Twitter crypto hashtags. The highest level crypto signal groups usually charge 0.1 BTC per month and the premium signals are shared directly to the phone in both form of the message and social channels.  The turnover of the trader has to be over 1 BTC for making a profit through the sent crypto trading signals and for paying the monthly subscription fee in my estimation.

It is hard to believe in some groups channel because we don't know if they well know about crypto moves and they know how to analyze the chart. But we can use their analysis for our purposes so we can find another guide to find the right price to us. We don't have to use their signal to trade, but we need to find our price by ourselves because their price will not always work to us.

Maybe we will get something behind their signal so we can get more information, especially if they don't give the complete sign to the members. But I don't think that they could still get new members in the bear market because I am sure that they will difficult to find the right moment to buy and sell.

I think they give the signal to make people believe that they are a professional trader and they don't want to make a profit by themselves so they give the signal to people to follow them to buy. But the fact, they can use that for their reason to gain more money from trading.

Don't flatter yourself, the only reason the signal groups are on the decreases is simply because we've been experiencing a long bear market period which drove away novices Instead of attracting them and since most of those signal channels/groups were mainly patronize by these novices, they began losing customers.

Onces the bull market especially altcoin bull season comes into the picture, steadily these channels and groups we begin resurfacing and becoming a noom in the community. These service providers mostly take advantage of novices just joining the space and these guys are usually in their numbers during the bull market.

And what do you say about exchanges that allow you to replicate the strategies of successful traders, it's essentially the same?

No not really, been in a group for a couple of months and decided to leave, honestly its helpful for learning and gain different strategies that aren't basically shared anywhere as free.

I'd prefer building my own strategies not relying on them, as I know they aren't permanent.

Well, no choice to accept the losses if she wants to remain stubborn.

Signal groups are not really different for some. It all remains on what resources they really have to collect data.
The average Joe could create his owns signals using, for example, google alert+microsfot flow+xyz indicators, then mix the results, etc...
I'm sure it will be more advanced than some shitty signal groups.

If BlackRock's algorithms were public and providing signals, it will be a lot different and I will use it myself ;D

Do we really have to trust signal groups? I observed its just a waste of money to pay for it group owners are the the one who take advantage on this as I can see, they are the one who execute first the sell order before calling a buy signal on premium groups, easy money.

Signal groups died the moment people realized they are making up the signal group what it is, think about it you tell thousands of people that x coin will go up, so they buy it and that causes the price to go up and people think the signal group was right, well they realized if they didn't buy it all together because of the group then the price wouldn't go up.

Eventually, some people stopped and the less power signal groups had the less increases there were and eventually they died. Signal groups could have lived as long as the users kept doing what signal group wanted them to do and the moment they stopped it became a futile attempt. It wasn't a success on groups part at any moment, it never was and that took some time to realize but people evidently did.

That is why they called signal group and not analytical group, if they start explaining how they got to the prediction in the forum, they will not be able to cover lots of signal because most of their signals are often released every minutes and by the time they do analysis, and come up with a figure to throw to the public or members of the group, it would be a double work and time wasting again to re analyze it, so a signal group is just to tell you when to buy and when to sell, that is all.

I usually tell people to abstain from those groups because they too are normal people like us, they only go a little extra mile to learn it, but their prediction can really fail them sometimes too, which is why we need to also learn to analyze so that whatever we get from signal group, it can be reanalyze by us.

Of course, there is never a compulsion to believe because they only know a lot of knowledge and experience but they are also uncertain about the future and trend of a certain crypto, and talk about paying, it also depends on the values they provide us, more precisely, they need to face to face and ensure. I also participated in several signaling groups, they always clearly divide between paid and non-paid groups, it has difference in quality and service, but everything is worth referencing when they can give us a definite direction

There will always be signals group. Some people are just addicted to taking signals seriously.. It is somehow like gambling, people want big and fast gains without putting in the work, just by copy-trading. There are specialized websites offering social/copy-trading services and they are pretty popular.

A very well written blog! Yeah, it is true that the are/was a total failure. For some reason, I always hated those group and kinda looked like the group were there just to benefit those "experienced" traders you are talking about. They take advantages of those newbie traders for their own benefit (like they make them invest of some shit coins in an exchange were the leaders themselves were pumping the price and ends up dumping the coins). But I guess were some legit signal groups out there but failed due to those issues you mentioned.

I have joined some Crypto Signals Groups for learning their crypto strategy. Previously I have seen that most of the chanel members were very panic. Because when any channel published any signals people start to buy panic.  Thus they earned huge money from the channel. Now most of the channel asking people to joining their premium channel for getting the high accurate signal and provide a screenshot that previously they posted a post which is pumping now. And other bad things about signals channels now that many channel is now coping other big channel signals. And contiously make fool people every day.

Crypto Signal Groups are already dies out as there is no signals which can be given in the current market. The altcoin market is almost dead. However i do think that once we will have a bull run again, then again we will see lot of signals groups coming up and demanding small fee for their so called premier signals.  :D
It is better to learn trading yourself, rather than giving these scam trading signals group money to get fake signals.

Trading signals are getting worse by the time that scammers fall into it. They use this tool to fool some traders especially those lazy ones.
Cause in the first place we know that signal trading isn't effective anymore nor they are the reliable source for trading but rather to be a cause of our losses since we can't predict the market flows. But some of the traders what to make their trading life so easy and use this one, and end up for nothing.

Most of the trading signal groups are created for their own benefit and not really to help the traders especially the small ones. I have been in signal groups before and to be honest, i have not gained anything from them. Or maybe, I was in the wrong group. But anyway, if they are really doing good for everyone, they will not die. But as we can see, they are proliferated by scammers and cheaters and so they are about to be vanished very soon.

Im not surprised for these groups to be dead.People now realizing that this are total crap or garbage or simply doesnt have any benefit at all
but rather these mediums being used just to extract out money from noobs that do believe into those holy grail signals that can earn them money.
People gets smarter and people who are victims on these schemes already learned.Sooner or later they would definitely gone on existence.

Not only you, but most of the members who are giving signals are getting higher profit because they know how to gamble with the market. Once they start pumping many people to join in those pumps and ultimate results will be nothing to people who follow their signals. So it is not advisable to join signal telegram groups.

Yes, they will get a bigger gaining from the people who join in their signal channel. Once I join in the signal channel and in that time, they tell the member that they want to pump FLO. So I prepare some balance to buy FLO at the very lower price, but suddenly, my timing was wrong, and I bought the coin at the middle price of the pump. Geez, since then, I decide not to follow the signal channel again, and I think it will better if I analyze by myself so I can find the right price for me.

I hope it will end.  Because you know they are the reasons why investor making mistakes when it comes trading wherein because of their words and false information about the situation of the market.  So i hope they all disappear immediately on this kind 9f business. Lol

many crypto signal groups now closed and even deleted because of lack of interest and usually, it's a non-paid group (free),
maybe people think that it doesn't produce in the middle of this sluggish market, and the information they provide is incorrect,
but it looks like if the market is bullish again, crypto signal groups will appear again.

Nope. Crypto signal groups are alive and working as usual. Here's a good comparison chart of signal groups on Telegram: https://www.quora.com/Which-is-the-best-crypto-signal-group-in-Telegram

in the end we will indeed see that the people who manage the group will run out of ways to maintain the community because they will not last long. and as far as I know that the trading signal community will not always be profitable and managers will usually not be held responsible.

Crypto signal groups must end now,because this was being abused by many scammers and abusers here in this forum,from all social media sites and even in threads they are fooling people to trust them but in the end nothing good will happen instead even if they pay for good signal still scam is what they got.
Maybe if there are signal that can be offered?better make it free and more accurate than what we are having now,way back i try using one but after failure?i blocked all the account who asked me about joining their crypto signal group.

Yes. My experience with trading groups had been somewhat similar to this. I spent good chunk of bitcoin some 3 years ago for the subscription of one such group. They claimed to inform group members about Binance pumps and listings in advance. But buying any coin immediately after it get listed on Binance is one of the biggest mistake trader can make. After listing at very high price, price start falling steeply before getting settle at somewhere minus 60-70% of the initial price. After making huge losses with the group I understood that no one is your friend in trading, better invest on your own and earn safe.

in 2015 i join Ryan Pumpers, its a super private group , like her name, we will get pump sinyal and thats really "perfect prediction" or maybe i can says his number of prediction totally working, but after some month bittrex disable some feature where we can analyze then the group is dead.
i think new price analysator has come, like pumping group in last momenth in 2015-2016, now we can see bot, crypto follower/copy trade in meta 4, thats a great option but i dont think it really work, in copy trade we need super ping connection, when we get delay in some seconds we can't follow the trend and we lost our money, right now i focus to increase my knowledge about trading, so i can trade by myself and do my plan as strategy .

This thread is a few months old, but I'm actually glad it got bumped because I missed it before.

I had been hearing the words signal and signal group for quite a while on bitcointalk, and I never knew what the hell people were talking about--so after reading the link from the OP here, now I get it.

These are basically pump & dump schemes and they're nothing new in the world of trading, because people were doing the same thing in the stock market waaay back in the 1920s.  It's not that someone knows some inside info about whatever coin is being pumped, it's the fact that someone with money is planning on manipulating a coin and wants some support.  At least that's what it sounds like to me.

I'm pretty sure these groups aren't dead, either.  There are always going to be people trying to do this sort of thing, at least until crypto gets regulated like the stock market.

the signal community can indeed manipulate the market because they move together. but basically it will not always succeed because of the refusal of pure price action, and I also believe that manipulation is not done alone but done simultaneously. and usually a group of signals like this will not last long, because if the people who have control have made some mistakes then followers can leave and the signal will end.

I was in a similar situation. Even if you find a group with a good percentage of predictions, you will still have a rather laborious task to implement these signals.
Because in a month you will receive a rather large number of signals, and not all of them will be successful, but suppose that more than 60% will still do their job.

Then we are faced with the second problem - this is the execution time of the signals. After all, no one knows when this will happen, it can happen in the period from one day to 4 months.
Thus, in order to realize the potential of such signals, you need to bet on almost all, or at least 90% of these signals, and at the same time wait a long time until they are realized, which is sometimes extremely difficult to do.

And in order for you to do that, you'll need a big base fund. It's not really worth the risk. These signal groups, mostly on telegram, rely on pumps and dumps. Missing the initial pump and exiting while still on profit could very well cost you your investment money. These groups don't care about you. They make money out of people gullibility. And people now are more aware of how these pump and dump groups work so they has less money to work with.

I know a bit of an old thread but seeing the title just reminded me of the one time I actually coughed up money to pay for a signal group membership. Few hundred people in there. Granted, more active than most channels I'd snooped on, a lot of charting, a lot of proper discussion but inevitably, just as unprofitable and non-transparent as a free group. As in, you don't get precise signals, no proof of trades that followed the signals, just a vague agreement that you get to see advice but not clear or precise instructions.

Owner even had the gall to tell me I "literally" chose the only 3 months they ever lost money.

So me hearing it's the end of such groups only makes me happy. Even if I know it's not true. Fools born every day. I was fool enough to try once, so I should know.

First, the answers you quote are just spam for such a telegram signal group.
Second, and more important is that your links are older than this topic, so it makes no sense to claim they are still alive from it.



Exactly!
They just rebranded themselves into "signal" groups, because people are avoiding right now the traditional pump and dump schemes.
Of course, a lot of people will say that the groups sometimes are right, but they will only make only 10% of what the "signalers" make and most of the time they will be too late for the party.

But there is no way to convince people those things are fake, people always search for schemes that defy logic, like books on how to win the lottery or how to win in a casino.


That sounds like cryptosparks and his arakne bot  ;D

Crypto signal groups have no future after all, I'm sure that someday; all of the people in the market will ignore this. It is really sad for me because there are people who are been victimize by the crypto signal groups. It should be guide for other people that it is really a scam group who want to get our money.

Hmm, again I don't know how can we accomplished the end of crypto signals. It's already 2020 but those guys are still raking money out of newbies traders. So as long as there are beginners who are too gullible and believed that they can make money from the market but joining pump-and-dump groups, it's going to be difficult to put an end to them. The best thing that we can do is really educate them first hand. Preach them that this kind of schemes are not going to be sustainable and it the end they might end up losing money instead of getting profits.

Are these groups were still helpful for the newbies and traders???
I don't think so because since I have noticed none of the people get benefited with the the signals most probably like luck factor there is speculation was reached the right place. Nothing else they have done for their group members.

It seems to me that such groups have now almost died out, but this is all you need until the next bubble in the cryptocurrency market. As soon as global growth begins and cryptocurrency is spoken from everywhere, then the groups will resume their business.

Finally, they will be gone , they are annoying , without my approval I suddenly saw than I already joined the group in telegram and all I can see there is not really a signal at all and it us useless! People, we need to stop using or joining them , they aren't worth our penny and time. We are just wasting it, instead of joining why dont we learn it by ourselves.

I also think the same thing related to this, now people already understand trading by following crypto signal groups will only result
suffered losses. So from that now many crypto signal groups are inactive, especially signal groups contained in telegrams. Because
it is more effective if trading by doing analysis and research that we do ourselves, the results that will be obtained are usually not
will disappoint. So until now if there are still people who trade by following the crypto signal groups you should stop, if your capital
don't want to disappear.

I really do hope that they will be terminated as soon as possible to prevent screwing more newbies. It is really saddening that these groups don't care about the lives that they are being ruined. All they care is their money that they will get from deceiving those naive traders. And for those potential users of these signal groups, you should think not only twice in following their advice because most of them are trap. Better follow your instincts instead.

Its never been helpful and majority of them are just frauds which are just tending to scam out noobs out there.
If we do think sensibly where these groups or individuals are earning that much then they wont bother themselves on
offering groups which they do give out their own trading signals for some pennies yet they can generate it on their own
rather than hassling theirselves on sharing for small money.They are completely trash imho but surprisingly there were still people who do patronize
these BS.

Great article,my personal opinion about signal groups is that they tend to have more errors than successes, the reason is simple, if the market is simply analyzed at a technical level, the probability of failure is high, if the groups had a focus on the analysis so much fundamental as a technician, it would go in another direction, which would be more interesting and even more likely to succeed.

Traders are becoming more smarter than before, they now aware that scams and dumps groups are scams and should be ignore. It is funny because most of the pump dump groups says that they have accurate prediction because they have power to manipulate the price, why they still inviting people if they skills to do it. They are just stealing other peoples money and they just giving information that is not useful. I do not encounter anymore any kind of group because I'm sure that the traders who are believing to this kind of shit are becoming lessen.

I think right from the start becoming an investor, we should have been aware of the risk of believing in signal groups, there is no free gift from others, all need money to exchange, free and openly can only redeem a loss, a few lessons are needed for new investors to wake up. If you request to close signal groups, preferably free signal groups and too much publicity, for private signal groups, the service is still relatively considered but even when there are signals, we still need to apply instinct into trading to make things safer

 I mean it was already a short period of time because people were trying to do anything they possibly can during those times in order to make a quick buck, in around 2017 and early 2018 it was very popular to do either signal trading or anything else but to try and make a profit on crypto was a famous thing all around the world. Nowadays the market has been calm for years and never made that kind of money, so people are looking at smarter things and one of the first things to go was obviously signal groups that never really worked anyway so people moved on easily and moved into something that would make sense to them.

in that year there were quite a lot of signal groups, but in that year the trend was also being good so people who opened the signal group would have no trouble doing graph analysis. but for now they are also having trouble doing technical analysis so most of the signal groups have disappeared because the people doing the analysis must have had difficulty.

Well, that's good if ever it is true. They are not good actually for me, sometimes they just deceived others here in the forum
to make believe to their analysis and announcement anyway. I am so happy if they get terminated in the future now in
cryptocurrency business.

What I experienced is that most of such signal groups might give signals when they personally have experienced a pump or dump. Even most of these groups might be manipulating the price of some small volume coins by creating false pump and than they might swing their members from their groups to place buy orders after the pump is already been performed just to create demand and buy orders for them to sell instantly.

Minor cases happen when the coins pump again giving profits but majority of times, people end up buying lower volume coins at the peak which would hardly be reached again which would indeed leave them with loss only.

As much as I would like for those groups to just disappear I do not think it is going to happen, whenever the next bull run happens we are going to see those groups becoming popular again, as newbies that have never invested want to take advantage of the volatility of the market but do not have an idea of how to do that and then they will decide to join those groups thinking they have found their way to the easy life only to lose all their money in a pump and dump scheme.

This had been always the modus of these groups where they do try to lure in people for their own benefits.Its either on having that gradual increasing phase or giving out some initial small pump
to look it more legit than a manipulative one.

Ive put in into this situation where i do able to join one of these pump and dump groups but if you do have already the experience eyes then you will surely spot them out on first glimpse.
For noobs you will surely consider on putting money yet we do just accept that our first trading steps does really have that kind of greedy feeling.

There is no actual future for these crypto signal groups as most of them end up just by collecting the membership fees from the users and never again show their face onto the group.

This has been the case most of times, but other groups which might give real and dedicated signals might too loose their demand in the coming times as per you mentioned onto your blog about various platforms like eToro which allows users to trade with minimum risk or start copy trading their role model and it leads us automatic profits without actually performing any trades. Even those platforms charge some percentage for allowing you to copy the trader but those charges might be affordable and beneficial in terms of long run.#

Note that platforms like etoro doesn't provide anything like automatic profits. If you backtest the performance of those "experts" people copy from, You'll get to know that those traders do lose trades too. If etoro platform was dishing out profits like you said, more people would be trading on their platform.

Forgot trying to use shortcuts. The best way to make profits in trading is by learning how to trade – the right way. Even though you won't get profits immediately, but you'll gain experience and  profit in the long run as you'll pick up more skills, experience and get better with time.

These signals where actually signals of pump and dump types. I was fortunate to belong to some group in discord and telegram but, they were actually given signals that were base on shitcoins all along, until I jet out of the groups. Crypto signals from these group's were wrong signals that almost landed me into big trouble with my family because, I was trading some coins for them. There is nothing like crypto signals.

Yes, we shouldn't rely on other signals because definitely it will hurt us a lot because previously I have followed many signals which at last didn't help me to make money, I have lost a lot of money through this group. It is really a very good way, to ban those Signal groups.

That is why we need to learn some basics lessons of trading, so we don't rely on them to trade because many of them are not giving the right signals to their members. Some paid groups that I have been watched in the past giving the same information without any difference, so I conclude that they joined in many signal groups, and they share with their private groups. They claim that the signal comes from their analyst people, so they guarantee that the signals are valid.

From that, I always warn my friends not to join the paid group signal, and it is better to analyze the market by ourselves. We can find the coin by our analysis so we can get more than 1 coin, and we can try to get a bigger profit from many coins.

If we do not learn the basics then there is possibility that we can have a misconceptions where we can believe to the crypto signal groups all over the social media platforms. At first, I thought that I can earn money in just short period of time if I will follow the signals but I find a wise mentor who taught me to not believe to those groups because they are just scammers. Having proper knowledge can help us to avoid and ignore those pumps and dumps and groups.

You don't need a wise mentor to figure out that this groups are just taking your money if you subscribe to those paid signal groups. They are the one who earns more money than those who subscribe to their services. Too bad noobs tend to fall prey to this kind of groups because they think its a short cut to earn money in trading.

Knowledge is not the only key to earning more money in trading, its more on timing and some luck. You need to buy or sell the right coin at the right time.

I understand, the world is literally filled with people who want to make money very quickly, everybody thinks that working for 40 years for regular amount of money will not make you rich, you basically spend what you have and the very tiny amount that you can save will worth basically nothing in 20 years even with the interest rates which do not showcase the inflation all that well.

So in the end, people really do not understand where else they could make a difference unless they somehow get super rich very quickly, people just need money to get rich and live a comfortable life, that is why they believe in these signal groups, the ponzi schemes, the pyramid schemes and all other get rich quick stuff since they literally can't think of any other possibility.

Scams in the name of trading signal are not a new things, I am coming across. It is a basic question from most of the traders/investors, if you are good in generating trading signals then why you need to sell them instead of making use of those signal for your own capital.

At the same time, I'm not seeing any end for those signal generating group because new traders will come and look for free to cheaper signals whereas new scammers will enter into this market. It is a cyclic events like new people will come into action and they will demand another person to be turning as a scam in the name of generating signals.

I mean to say if there is no one is ready to subscribe to such group then there will be no scamming people in the name of generating signals. Lazy people are looking for signals and that is the thing scammers taking advantage of.

in fact it's just a one-way thought from your side. I think there are bad signal groups and there are also good signal groups. such as signal groups that can make a profit when giving signals. For example, there are now Bingbon exchanges that have a reward program from the trader's volume we have just introduced. They will create an account and spread that link on the group for everyone to register and then trade will help the bonus amount increased significantly after a while. when they give signals, they just want the traders to earn profits and money still in the pockets of the accounts that have provided referral links.

I did not trust any cryptosignals because I believe that it is better to rely on the things that we can do, we can have a better speculations and news thru the official websites of each exchanges as well, sometimes cryptosignals groups required membership fee, so you wont be getting any news if you will not pay them, better to learn trading than that.

We are afraid that the price of the bitcoin and the altcoin comes down because of many factors sometimes the whales pull out their profit because the cost of the coin goes up and this is a huge factor. After all, the amount of the currency will go down immediately because of the money they've got and also to the people who invest has a contribution to the community of the cryptocurrency because they are putting their money to the online world and contribute to the increase of the market price. We can see those changes to the market price that support the real-time view of the graph of the coin. Sometimes there are a lot of signals that came from those websites or other platforms that help the cryptocurrency most of the time. The professional traders make a candlestick as a graph to quickly identify if the market price of the coin goes up or down. Sometimes they grab the opportunity to invest when the cost of the currency is too low or continuously pumping.

I agree that crypto signal groups are nothing similar to a big help. Moreover, I am one of those traders who tried such tools, but end up being unsatisfied. I was using a lot of tools like crypto signal bots, crypto channels, telegram bots and etc. But for now, I am using only Cointelegraph’s channel (https://T.Me/Cointelegraph) and infobot from cex (https://t.me/CexIoInfoBot). I should say that it is more than enough.

You are right now that most groups are currently scammed so if these groups are finished then it will not be so. It's good for us all to practice our own places of business I think the new channels work better than ever.

Having a good practice on trading may give you better output than relying on some of those crypto signal groups that manipulating its followers for their own good. Trading on yourself having the knowledge you acquired will surely make you feel more accomplished than having signals from that signal groups. I would make myself pay for the knowledge in trading than riding others' command.

if at least one signal group has good indicators, thanks to which you can actually trust all available information, then undoubtedly such signal groups will have very high authority and many traders will pay attention to their signals.  But so far, almost basically negative reviews have been heard about such resources, because in my opinion, it is thanks to such resources that cryptocurrency users receive distorted information that has certain goals and is aimed at making profit for completely different people.

Majority of the signal groups thrived during the past years before the big rally and many looted innocent users in the name of giving them guaranteed signal and there were manipulators who thrived on low volume coins and when the market went down these signal groups died along with it and i will not be surprised if these group emerges when the market rallies again.

So you are one of the people who allowed these pump groups to run longer because those who subscribed and gave them money assured them that the business model is good and they should go on.

I'm happy that the community is evolving and going in the right direction. Signal groups should disappear just like cloud mining did.

For me, crypto signal groups are crabs and only exist for the self interest of the founder which is MONEY! Nothing but to make money out of the unsuspecting public and that's why they always insist on subscription fees. However, this isn't so with Forex Trading groups where you get to find genuine groups at not cost of registration.

If they worked, they would have been still around and still make profit for the user but they did not and nothing that losses money for their user could ever continue to exist for a long time, the person who lost money once will not return, you can find a person that will lose his money once and not twice so these places found newer and newer people constantly but since there was absolutely no success story that came out of signal groups which resulted with less people coming in and since the ones that lose money was leaving that meant lesser and lesser people in the signal groups over time.

If there was even a single signal group that was constantly profitable, people would have flocked to it like crazy but unfortunate in a long period of time they all failed.

In my opinion not all paid trading signals are 100% accurate, especially now and yesterday a year back, it is very difficult to predict the market, so sometimes paid signals miss the mark because the market is uncertain its direction. At this time the signal is slowly beginning to fade, maybe as you say it dies slowly eventually

Signal groups crap. They have made huge incomes by cheating Innocent people before. I myself have been a victim of this cheating. I've seen how they give signal. They pump a coin before and give signal to all subscribers. Then they dump those coins to subscribers. Which is one kind of scam. Now this signal business has not full stopped, but the customer has declined since. But again if the bull market will come actually grow their business again.

No, I’m talking about groups in which signals for highly liquid coins are published exclusively on the Binance exchange.
That is, no pump-dump schemes. In such groups, signals are formed on the basis of technical analysis by professional traders, that is, you just have to repeat what the traders themselves do.

Of course, you will need some capital in order to realize 90% of the signals, otherwise the error will be too high and you will not even be able to closely check the operability of these signals.

Exactly, just because the people in the group didn't react on time when the market is in bloom, hence great advantage move for traders, doesn't mean that signal groups aren't working or are of not good use. In my opinion, they are but here's an idea rather than 'villainizing'  them if I can call it that, why not instead incentivise them a little  ???

Perhaps their fame can be re-introduced by providing a better, quicker way to reach the others, like using a different medium, but to be fair it is all down to the unexperienced traders who clearly should first check if the market still holds the favourable conditions before buying/selling.

Well, I don't really think that the crypto signal groups are helpful, you can't find the right and  accurate information from most of public ones I would guess. For me, I always avoid them and I will never give a big attention to any group, it is better to focus on your knowledge/experience in the domain of trading, the only one who can help you is definitely yourself. So try to learn more and read some useful book, that's how it works correctly in my opinion.

I hope by now they are in the trash bin. i tried one time before, joining free signal group to see how they will tell about the upcoming pump. and guess what? usually, they are late to tell you about what's gonna happen. the train had already left for the users so if you will follow their advice, you will be stuck and you bought the coin at a higher price than usual. they are only luring users for their own benefit. how much more those paid crypto signal groups? I guess they are earning money from those users who will fall on their trap. So I hope they will be totally eradicated in crypto space to avoid other users losing their money for nothing.

You are right, most of the people are still following the crypto signal group which they are losing money with their fake guess. We should always trust our knowledge when it comes to trading, trading is an unpredictable job which it is impossible to make money. Profits should be managed in a different way which we might able to hold until we should use them to buy back those.

The general perception of joining those signal group then was that members can make profits within the shortest period of time however many hope of those newbies was dashed.
Personally I took time to learn the basics of trading with all the numerous materials I could lay my hands on while trying to avoid photoshopped results of trades of the so-called signal groups whose sole aim is to earn money from unsuspecting subscribers.

I still consider signal groups to fail because charts fail and indicators fail and when people do not listen to those but listen the signals it was always funny. I mean there was a ton of telegram groups where people sold signals and made a ton of money, what they did? They simply created a bot that notified people when bollinger band dropped under something or went over something and that's it.

So, as you can see when the "signal" was explained to people nobody really would want it but when it is unknown and it is simply a mysterious "there will be x coin going up soon" type of messages that makes it a lot more convincing for some reason since the real data is not as convincing and most probably wrong as well. This all came from ignorance and stupidity, nothing else.