Bitcoin Forum

Hi everyone
I want to talk about cryptocurrency signals on telegram or discord or wherever.
There is a lot paid channels  that they offer signals for 50 to 100 dollar per month, There is many new traders who think that they can get rich in a few months, Then they lose their money because of those scammers , i think 80% or more of those channels are scammers and all they want is your money.
Be sure that the person who really make thousands of dollars every week doesn't care about your 100 dollars and He will never bother him self to help you.

You have a good point if they are confident of their signal they will offer 2 to 3 months free signal if their signal is really convincing, I stopped following their signal, it's better to get it on Youtube, there are a lot of this on Youtube and they are doing it live, stop following these channels and do your own analysis majority of these signal channels have fake followers and they are using bots to convince people.

The best is to know how to trade, trading is risky, trying to use little amount of money to start and learn how to gain than losing without depending on signals. Any trader that is depending on signals can fail and have unsuccessful trades with money losses.

People should know that trading is not for everyone because some traders will trade and lose and continue losing after several efforts, this type of people should not continue to waste their money, they can just wait for the bear time to come and buy and wait for when the price of bitcoin has significantly increase and sell. People providing signals are after receiving money, they do not care if the trade the signal is used for go well or not.

Anyone can even be providing signals, even people that are not that good in trading can provide trading signals.

To be honest OP ever since before i don't have trust when it comes such signal channels for crypto trading because most of them don't have any good explanation when it comes buying a coin in a particular price, wherein they just keep sending signals. Lol

And most of information are copy paste from some traders around the internet reason most of their signals are late and not accurate.
So i recommend to make you own technical analysis and etc to prevent false information..

Paid signal groups are a scam. Only those who are truly victims know this. I was once in a paid group and looking at their signal sharing system I understood that they give signals randomly.
Most of the signals fail. And they take credit for the signals that succeed. So I lost a lot of capital by joining their signal group and all the fees I paid for joining the paid group were losses.

Unfortunately, most of the greedy people who dream of quick profit from beginners are the victims of these channels on Telegram or on any platform, no one, no matter their experience in the crypto market, can predict the price of the currency in the future, so most of these signals are just predictions, nothing more, and they may be wrong, For me, I don't recommend anyone to join these suspicious channels.

Totally agree with this statement, the only people that's benefiting from all of this signals are the ones that give out the signal because by the time that they've given you the signal, they're already in that market waiting for suckers to believe the signal and cash in on the gullibility of the masses.

Signs are guaranteed money for those who issue them, and they are a high-risk investment for people. They get inaccurate information from unknown people, and then they invest their money based on it, and therefore they will lose twice, the first in the amounts paid and the second in the money that was invested.

We have copy trading, this are on exchanges in which other traders can e able to see what best traders are doing, when they enter and close position, I have noticed this on binance before. With this I can easily just have my trading signal site and copying what others are doing on the exchange I am using, anyone can sell signals, but the novice people are the ones that will buy it and learn how scam it is.

Yes they are, it's the easiest way to lose money if you believe in these so-called signals there's no such thing as safe and perfect signals, but newbies keep believing that by getting these signals they are sure of making a profit, these people are good in advertising their signals I have seen them so many times on Facebook ads and Adwords, people doing research will not fall to these scams.

I hate this & I have never felt the urge of using such a service. I have seen them only recently since last year; they are most active at the time of bull run. Anyone can made money in a bull run. They are just trying to get paid for nothing.

I don’t agree here. Someone with a decent knowledge of assessment on stocks/crypto doesn’t necessarily refer they must have a huge investment as well. They can be a small investor with huge trading skill.