Bitcoin Forum

Hello all,
i m a bit confused about this; most at times i will be given some signal about some currency how the price will appreciate but after i bag some of the currency from market it would tuned out to be false signal. so i have learnt not to follow any news from twitter or from any group.

how much have those signals turns to your favor? If any please share with us your experience with signals

I've never done and followed one.

That's because I've seen people complained about it just as what you've said. They're not actual signals and only giving false ones and that's why there is no sense of following one.

You better get up and stand with your own strategy through gaining more experience in the market.

Like 99% of these "signals" are just pump and dump groups in disguise.

1. The group leader loads up on a certain low-cap coin(for easier price manipulation)
2. The group leader tells the group that this coin is a buy
3. Price increases because of the people buying, while the leader dumps on their faces
4. Price crashes, leaving most of the buyers underwater

All trading signals are speculative. I consider the signal to contain a maximum of 20% accuracy provided it is explained by reasonable analysis. I don't rely on signals much, just as a support for my own analysis.
What you need to avoid is to completely rely on these kinds of signals, especially paid signals in the telegram group. It's easy for them to announce the coin "x" will pump even without analysis because you never know what they're doing behind the scenes, but still they won't compensate for your loss.

Trading signals are a complete waste of time. Whether free or paid. You should avoid them at all costs. It's the very people who follow signals who end up getting used for pump and dump schemes.

Trading signals and similar to "fixed match bets". None of them is true.

Dont listen on any words that you would hear out on anywhere or everywhere.It is much worth if you do trust up your own analysis rather than on listening to signals.

1.You can make use of technicals
2.You can make use of fundamentals
3.Make analysis out of those two

You wouldnt really need to depend into those since we are all speculators here on this market and theres no such thing about precisely knowing on where
the market could possibly go.Start from scratch and look back on where you had committed those mistakes and analyze.

Whats there to be confused about? You have been fooled into buying some shitcoin by a pump and dump group.

I suggest you to stop thinking about these signal and prediction groups. If there was a method to predict every move in the market that person would have already become a millionaire and not be spamming the link to their "group" in every telegram group.

These lowlifes feed on naive new investors who fall for their tricks and and up being in a pump and dump while the owners make the money. It is a type of a scam, but you cant do anything about it.

Coming from a background of stock markets, I knew about such groups for a longer period of time and therefore never took part in any.

First of all, remember rule number one!
No one will do anything in your favor. If someone is announcing the signals, that's because it's more beneficial for them than for you and they can even use you in their manipulative trading, make money from you and at max, apologize at the end of the day for your losses or incorrect signals.

Btw you should follow the news from Twitter because this is one of the fastest ways where crypto-related news are spread. I don't mean trading signals but for example, if you follow the Musk, you can get rid of unwanted crypto market movements. Just one tweet from this person crashed the whole market, so...

Just be updated about crypto-related news and decide yourself, what to do!

Following the signals is like waiting for all the lines to be green before starting the journey. signals are predictions of the future and no one knows what will happen. They sell delusion to people and are not obligated to guarantee losses.
I can trust the signals if it includes compensation, if the price does not rise, and if the price rises, the claimant will receive a part of the profits of 25% or more.

If the question is faith, then it is a soft scam by giving illusory dreams and stealing money in exchange for them.
If the question is about investment, when you ask these people to do a small challenge, if the predictions are true you get 50% of the profits and if you fail you pay 50% of the losses, they will not agree.

Are you asking about a paid signal? If it's a free signal I don't think you need to question it further. Just ask why people would urge you to buy at this time and sell later for free. A paid signal is a mixed bag. Some claim there are some worthy deals while others said that they got rekt from them. I do believe it's not really worth the money, and it's more like you help a guy to buy his bag. Sure, someone might be so well-informed and has a lot of insider information, but why would they trade that for just a measly hundred dollars if the info is so valuable. I'd avoid them too.

I don't believe in signals in some groups because in them there are a lot of lies to know as a member even though behind it there must be lies that have been given to us and never believe it, it's clear that many people are against trading signals.

There is no goodness in joining signals, in fact we are misled with coins that are not clear, that's usually the case, so I never said anything about clear signals, just avoid it before you go wrong in buying the coins that the signal recommends.

First of all, don't buy signals. I think most paid signals groups have free signals channels as well where they promote themselves. You might follow them there just to get updates, not for trading with their signals. Believe me, they just faking signals. Sometimes their signal works because they built a big group where they broadcast signals. But you wouldn't lucky enough to catch it. So don't follow them for trading. Just imagine, if anyone knows exactly what is going to happen with a coin then he would be a millionaire by investing that coin. It doesn't necessary to sell signals. I am talking about all paid and free signals, so just avoid that.

Dont waste your money on buying signals.Why doing such thing if you can create on  your own?Just like what others been saying that we are all speculators on here and believing into those signals

are utter bullshit for you to believe on or even the worst which you do really end up on paying money just for you to get it.For some groups they do call it pump and dump which is particularly

talks about  certain shit coins to be pumped intentionally or on a manipulative way which its really hard to determine if you decide to jump or gamble on.

The paid or free crypto signal group is just a waste of time, as most replied above was right, they are most likely pump and dump group which is not good to join and only the organizer will earn the most.  The organizer will forecast on the wrong date of making a profit and get profit earlier from pumped low volume coin in the market cap.

Always bear in mind that there's no one can predict the market price, it's always been speculation or a prediction, to prove that you are near to accurate result you must follow as most stated above.  Do a fundamental and technical analysis, combine them all, because the market not only relies on the technical analysis, it also swings the price depend on the latest trend.

Ask yourself this very simple question: if anyone could successfully predict the market (specially the shitcoin market that can only move with manipulation and pump and dumps which are considered unpredictable events) why would they waste their time telling other about it and risk losing the opportunity to buy that shitcoin themselves?

Specifically those who sell these so called "signals" are the most obvious cases of scams because they obviously know their "signal" is total garbage and they know the only way to make money from it is to sell it to others. Otherwise if it were any good they would have used it themselves.

I honestly don't understand how these signals work, in the past I joined some telegram groups where they send these signals and I didn't understand anything about how to buy or how to sell, but after a while I learned about technical analysis I came to realize that it was very difficult that they could predict the price direction and send this information in good time to people and I say more predicting altcoin movements which in the coinmarketcap have low ranking is very difficult I would say almost impossible. That's why these services they offer only benefit the creators of the services, it doesn't benefit the customers. I hope no one spends money on this kind of thing


and worse that they charge a high amount of money

I don't trust signals shared on Telegram, Twitter, or simple anywhere. At least not anymore. When I was new to cryptocurrency, I've also had my share of following signals. As a matter of fact, I've had a number of signal groups. There was one or two which seemed reliable up to a certain extent.

There were surely good days, but on the overall I lost a lot by following shared signals. This was primarily the reason why I ended up having a whole bunch of shitcoins which I then dumped mostly during the 2018 market fall.

It is very common to get stuck. So it's a lot better to just stick to Bitcoin and HODL.

The only signals which you can expect are from a small (probably shitcoin) team. So if you have very hot insider info from the team, which can cause significant price changes, you can use this info and make a profit.
everything other is just speculation, and it works when the market is in a growth trend.

Most of these signal group has only one purpose, to make of use their listeners for their scheme (pump and dump) while the owners/leaders/admin of the group gains profit.

Most newbies fall for this. And no one could predict the price, just a guessing game with common price range, it also based on the current trend/news.

don't, don't and don't.

don't ever even look after them or care about them!

Pump and dump are common and should be ignored.! 8)

Believing on those signals? Majority of newbies would really be the one who do believe on this where they do see that it is quite easy to make trades and make money

until they had been blown out when those owner of group signals will dump their tokens and leave out those noobs in the dust. Realization? it would always come in the end.

There is really a point when we are just starting that those are real ones but once do reality slap you in the face then you'll surely learn up.

Absolutely do not trust signals.

Think about it this way: if the signals were actually legitimate, then why wouldn't the people running the signal service just use it themselves?

It makes absolutely no sense for them to sell it as it would diminish their own profitability, and make the opportunity disappear.

The only logical explanation is that they are making money off YOU. This goes with any telegram pump & dump group as well.

if you will rely in some news that gives a signal to buy probably its a big mistake especially through twitter like what you said . Because they just published a news when they saw a improvement in the market, but they dont have enough information how long it will last that's why it happened to you mate..  
If i were you learn how to make TA as it more reliable than other methods wherein so easy if you have so much time jusrt to study the graph in the market...however if you don't have time for it, then grab some paid signals but friendly reminder., that stuff are sometimes not accurate so you still need a time to assure if it's not giving you a false signal.. But for me to be honest its always good to have your own knowledge when it comes reading the graph and etc, because you don't need to wait for something that can give you a signals as you can do it on your own.

This is what I have been taking to my heart what to do in crypto space and generally in life. If someone offers me something beneficial, I always ask myself and if possible them why not use it yourself and just kept quiet about it, the one's that can answer that with sincerity passes my judgement but if they stutter even by a little, then I know that there's been an motive behind the supposed help. That's why some of the people that I know don't talk to me anymore because I see through the BS they try and reel me in, a lot of those people are offering signals.

I do believe in signals, we do have genuine and scam groups.. and the problem is we have to many of them around and the bad part is some of these groups use other groups signals to deceive unsuspecting clients how good they are and in the end lure them to invest.

Unfortunately  we all know how this ends, the people winning in all this are the owners of the group and not the trader who usually falls into their scheme.

What signals! If they were good enough many traders would be using them alot by now, before many people thought they c make huge profit by using such signals but to trade, this is no longer the case as people are more aware and wise enough, majority I see on Telegram are most likely scam because they can invade your pm with useless signal ads looking for prey, better to learn TA on your own.

In trading, there's prey and predator/whales, and in every session, you either belong to these groups.  Whales are very aggressive in making money and if whales have a trading signal group, they will surely be the first who will make money even though other's will not.  So if you will join a signal group, it is a little risky to rely upon that tools.

However, you can try to join if you want for the references, but don't be ever follow them which makes you confused.  But beware of scammers, they are too always pretending good traders that didn't even know about the market situation.

This is my though about trading signal
1. There is no accurate signal
2. Traders must still understand when to enter or exit the market
3. Sometimes the costs incurred (if you follow the paid signal) are greater than the profits obtained
4. Most of the trading signals are pump and dump groups and they have already purchased the coin to be pumped and the chosen coin is the low cap, and some also coins that are announced will be delisted from the exchange.
So I'm not believe on signals, because this can also make us lazy to learn about the market

Then how to distinguish the original signal group? do you think it's true there is a valid signal? i don't even think so so i just know that signal groups can take advantage of one side of their news and analysis to trick other members so what i know is all of that is risky on trades that signals issue to buy what it suggests, it won't be good.

That's how the group owner will know in advance which one to buy near the opportunity while for his members to buy after the opportunity occurs, maybe that's their trick on trading signals.

The pumping and dumping signals is one good way to manipulate market specially when you are talking about sh*tcoins. sh*tcoins can really be a good business.

developer creates a sh*tcoin and advertise it to pump the price. Some risks buying it hoping it is a good one but in the middle of the pump suddenly price will collapsed until it is no longer worth it.

There is one good website that lets you to calculate the daily compound interest, here is the link: https://www.thecalculatorsite.com/finance/calculators/daily-compound-interest.php

So, just insert the amount of money that you have right now and also the percentage of % that you think you'll achieve by following the trading signals and then choose the numbers of days with 100% daily reinvestment rate. Also, if you trade in futures market, then consider that you can also use the leverage.

Okay, I'll just give you one example:
1. Normal trading - Invested money - $1000, daily 10% rate (full reinvestment) - In 60 days, you get $300 000.
2. Futures trading - Invested money - $1000, daily 10% (3x leverage = 30%, full reinvestment) - In 60 days, you get 6.8 Million USD.

And, days don't have to be in a row :) So, when you always hear nice words, use the daily compound interest calculator to see the real world!

signal group means pump and dump group. I have joined a lot of groups. but all of them are free to use, I mean not yet joined any paid signal group. Personally, I believe those group owners most of the time tried to dump their own holding coin.

I just follow if there is any good chart setup. I like to take ideas but never tried to copy their signal. There is no accurate signal, most of the signals failed to hit TP. So instead of joining those groups, it would be nice if you tried to develop your skill for trading.

Dont waste your money on paid group signals. Try to understand the basics of candlestick patterns, Technical analysis, risk management, etc. You will get a ton of free videos on youtube about this. just spend some time developing your skill.

I guess people actually either don't have the brains to do simple math or don't have the common sense to see through thick illogic.

Even let's not use daily 10%, which very few "smart" signal groups will tell. The trick these days is to show people what looks realistic, like 2% daily profit (which in our minds seems wow okay, he isn't claiming 10%, just tiny 2% which is so realistic).

Normal trading with no leverage on $1000, daily 1% and compounding: almost 6000 after 3 months. $1.3 million after 1 year.

I do not believe 100% in signal trading because if I got a signal from somewhere, I would analyze more to find out if that signal really works or happen in the next hours or days later. Usually, I will search why the price will go down based on that signal and there will be more information to show what is happening to that coin/token and vice versa. So you should do the same thing if you got the signal trading because there is no guarantee that the signal can give you a chance to make a profit or getting the best time to buy the coin.

Thats if you do able to sustain that 1% but considering that you are putting your capital on crypto coin and not on usdt or fiat then expect that profit of yours would be mainly affected.

It do really simple as it sounds but maintaining those numbers alone isnt something that you could just simply do.Sustain is the primary concern when you do deal into this market
If you could able to do that then consider that you are doing good but if not then you should try to make adjustments until you do able to reach that goal.
Signals are free but you could actually make your own and its totally dumb if you do pay something for that.

They always think about passive but in reality its hard to achieve the said target since first we need to consider the volatility and second there's no always win on trade. That's why we need to consider the huge risk for doing trades.

I agree with you we don't need to pay those signal groups since this just a waste of money, doing a research is somehow the answer towards our needs on tradings since if we just rely on those self proclaim trading coach then there's no good future for us in future in the long run.

Oh, I never thought that there are signals that needed payment, eh, for what? They obviously gain profit already because of the actions of their followers while leaving them behind after their leader reach their target price.

That's my whole point though. Anyone who says they can sell you a signal guaranteed to make 1% a day (and as I said they say this to make them appear a whole lot more "real" than others who claim 5% profits), is lying.

Paying for signals is dumb. Acting on signals alone is even dumber:)

Usually this is via subscript or per month basis.

https://elliottwave-forecast.com/trading/best-crypto-signals/
https://medium.com/coinmonks/top-3-telegram-channels-for-crypto-traders-in-2021-8385f4411ff4
https://www.technicaltradingsignals.com/bitcoin-trading-signals
https://stormgain.com/crypto-trading/trading-signals

Groups like these do exist. Dont mind about they are making money because they arent really that real most of the time.

if you are new to the cryptocurrency field then signals can help you to gain some money and also to protect your capital if you follow the rules in every signal but never think about buying those signals because for me its not worth it , they share successful signals with their followers in the bull run which is the easy thing to do but they despair in the bearmarket so its a money stealing for me ..

so if you found a good free signals channel then i advise to go for it , otherwise stay away from them man.

Your reply is conflicting with each other. You are telling new traders could gain some money and could protect portfolio and on the other hand, you think buying signals are worst. So which signals are better? Free signal? Isn't it worst more? Paid signal groups just share a few signals in the free group and when you see that coin already pumped. Now it will consider as gambling if you buy that coin from the free signal. It would pump a little more or could dump hard. So free subscribers think their paid signals are more potential and that's how they join there. I will just encourage you to get updates from the free signals group. Don't trade based on their signals.

I dont. Most signal dudes get paid from shitcoins and dump on you the moment you enter.

If you are unsure, just don't try subscribing to those signal providers and learn how to trade yourself. Indicators your will learn will give you signals that will tell you whether to buy or not.

When I was just starting its XRP that I have been trading XRP/USDT and there are users who will PM you about when it will pump. They are the ones who previously say IT'S ALIVE in short I'm one of the victims.

You don't have to rely on all signals of a sure because they may disappoint. Signals can work but not for every time and everyone don't like or know how to study to use it. Some expert traders are advising not to follow all that a signal show you and to be careful. To use money that you won't regret is better as I'm reading what others say.

Obviously the signal will only use its members to do something and then it will be discarded before they announce it on their signal channel, therefore expert traders will clearly be very against this because it is more of a scam that they seem to randomly provide opportunities where to be buy a certain coin price.

So usually premium signals always have a down payment to join, I have also been offered like this before but I refused because I don't want to depend on the uncertain, if it's true that they have more ability then it will be distributed to close relatives not by making group signal and prepayment.