Bitcoin Forum

Here is my idea i create my Telegram chat group where we can trade together like team.
I do TA analysis there and we trade together.
I been doing binance futures for quite long time.
And i do btc analysis aswell but recently btc price quite stalled sideways.

The idea will be Like patronage when members can donate after successful trade or If they did learn something new.

If you ask me do i get involved pmp schemes i have to tell you i do not.
Even If you are first one in pmp the market can be volatile and you can lose a lot money very fast.
If you trading based on some sort of decent analyse then you can get more decent results.

Telegram is not dedicated as a "shared analysis" discussion place, it will be no more a signal group because you will only get group members with zero analytical skills.
As was the result of other users' previous attempts, it won't succeed in stealing attention in any way (notwithstanding your username). Trading signals have been the contention of this forum for years. The response of people after me will look something like this (https://bitcointalk.org/index.php?topic=5428056).

Due to the availability of copy trading on the CEX. Trading signal is slowly become obsolete since newbie can just copy somebody trading base on its win rate percentage. Most of the pro traders just do this instead of starting what you planned since you can instant commission to all the use who copy your trade.

Just enroll on copy trading on CEX and increase your winning percentage there to attract more followers rather than start from scratch on telegram that full of leechers.

Telegram is a place for scammers and not secure for any business discussion, why not just create a thread where you could be dropping your signals rather and if you think your Technical Analysis works very fine why do you then request for a successful trader to donate for your patronage, rather i would suggest you should run it as a service whereby before anyone gots to your group there is a decent amount he or she should pay before joining but sincerely speaking it would be very hard as i myself i don't really believe on Trading Signals or trends as i m not good with Binance future trading, instead spot trading.

In order for your words to have more credibility, you need to first present here the results of your trading on the Binance, so that everyone can believe that you are really professionally and successfully engaged in trading. Otherwise, your posts will be ignored, as we have long been accustomed to such offers coming from newbies.

   - The question is why on telegram when it can be here on the forum platform. So you've been doing futures trading on Binance for a long time, why don't you first show that you're doing it profitably so that what you say here is credible and you can easily trust the community on this platform.

In today's time, it is very difficult to simply trust such things that are offered here mate, to understand what you want if it is conveyed to you.

I disagree with this statement, it's just a messaging app, and what you use it for is up to you, you can't say it's just for scammers. Currently, my company uses telegram for work, and we share and exchange company reports... are we also a scam group?


As tvplus006 said, to increase trust, OP should present trading results right here or can give some signals for people to refer to and prove what he said is true. But using the forum as a place to quickly discuss and share futures trading signals is inappropriate, IMO. Not necessarily telegram, but we should use other messaging apps, we can chat and discuss faster.

If you are doing your job very well like you claim and you want to direct people to your telegram service then bitcoin price stalling sideways or whatever way won't be a problem to you because maybe you are an expert that you want to start selling some service on your telegram. Investors won't listen to such excuse that bitcoin price has stalled, they want to get profit from their investment and no excuse will be acceptable.

But I think copy trading is still not available on Binance, almost only appearing on less reputable exchanges and less users. I am not a very good trader and I also tried to learn about copy trading but most of them are not reputable exchanges and that makes me not confident enough to trade.

A newbie coming as a pro in futures trading and he can present technical analysis in a chat group to me this is a bit hazy and lacks credibility before he presents all of it here and it's true what you say you will all ignore if there is no real guide there show us though I wouldn't be the least bit interested in this offer.
It's quite common to see offers like this, in essence they just want lots of people to join and then after getting the benefits they want to get a few percent of the members.

It's enough for yourself to do it, not for anyone else.

Have you checked the scam accusation section of this forum? any platform is prone to scammers especially when it involves money, do you know the number of people that are scammed on Twitter? same as the rest of the social media platforms. Telegram is not perfect but is also not the only platform where people get scammed.

So it is like trading view where people shares their own analysis and speculations on different pairs? I know that there are some people who tried doing this and I somehow joined a channel that is doing this. They are not doing pump and dump scheme knowing that they are more focus and sticks on famous pairs which is hard to be manipulated. I'm just a viewer there are somehow the channels becomes a paid channel after many successful signals. I guess it's because they don't receive donations for their insights or they feel that they don't get rewarded. I don't know if they still exist now since I last seen them few years ago. I don't think your plan will go well unless you find a good team that is active and willing to trade with you. Though, I doubt that you will find someone here.

I have seen many such topics here in the forum by new members, they are trying to attract members to their channel on telegram, but this will not work here in the forum with members who have a lot of experience in exposing such things.

If you already have analytical experience and want to share your experience with members, you can share it here, and everyone will try to share their experiences to get the best result. Instead of asking them to join a group on Telegram.

You have to gain trust first, without trust you will not succeed here or in Telegram.

I don't believe in this idea even though you claim to have good experience in futures trading. You should really be able to make your own profit on trading without expecting anything in return from anyone who follows your TA, but you are not really proving that success with 1 post via this newbie account.

I tend to avoid ideas like this and trade myself, and it seems like others should do the same and rely on their own trading strategies.

Most likely it is just the beginning of a way to scam people to buy signals.

What is the meaning of this? You do Binance futures, but is there nothing like weekly, biweekly, quarterly and perpetual trading with BTCUSDT on Binance?

Trading should not be for patronage, teach if you want to. I do not believe in anything like signal and copy trading, I believe in trading myself because newbies will remain to be newbies and will lose if they do not learn, have knowledge and grow experience.

Some thread are like this as well and created by a newbies, I don’t know their real reason behind this but its looks suspicious though especially if they are claiming to be good and yet there’s no proof of profit being shared here. You can be a goos trader on your own without asking to anyone to follow you and pay you for some fees, real traders are working behind 24/7, and they are more focus on their personal growth.

People should learn their lessons well. Also, do take note that when you are dealing with futures, you can easily get liquidated,
if you don't know what you are getting into. A newbie offering such service is a dubious one.
Better rely on your own instincts in trading, also learn more about futures before getting involved on this type of trading.
I am sure, the reason why newbies offering such service is they are trying to offer a bait to naive users, offering possible earning of profits.
But we all know that usually, it ends bad for the user who will use such service. Just learn on your own when it comes to trading.

You said that you've been trading for so long and I think that you don't need people to donate or get commission from their successful trades.

The essence of these groups are nowhere to be found because all of you are after the commission and money of the members. This is a typical pump and dump group and "VIP" memberships.

Just trade and keep going if you've been doing that and you'll not need people to beg for their donations.

@Adbitco might overgeneralize what is happening on telegram according to him and say telegram is a fraudulent place and not safe for any discussion.
even though if you want to think positively, the telegram has many advantages and is currently widely used as a group chat for large companies because it is considered safer and more private. so when someone says telegram is a place of fraud and not safe, it is necessary to look at other chat applications or other social media which are also still vulnerable to fraud and such.

and the Op also had a ridiculous idea in my opinion, wanting to get donations from successful traders who follow the binance futures signal group that he manages. It can be said that it is a paid group and will generate profit for the Op from the profit that the merchant gets. I don't know what Op's real goal is, does he want to provide technical knowledge for free or just want to get income from traders successfully? the purpose is still not clear.

All those small social media are the place scammers take very serious in order to scam people, so i believe that scammers use social media like telegram to deserve people and scam their money because of they are looking gor someone that like an investment.

That is really a good idea. I have heard of copy trading and know that binance has some kind of leaderboard where people can see those whom to start copy trading.
I guess this is a better thing to do instead of joining a telegram channel dedicated to signals like what OP is mentioning.
It is more flexible and convenient to rather use copy trading on binance.

Yea this absolutely true, why i don't really like the idea of telegram is that the users easily steals (duplicate) your username to scam people they join the group without someone inviting them after which they change their username that is why i'm not always active on telegram and twitter. Discussion can be only on this forum than any other places.

For instance, there was a day i tried to lodged a complaint about my fund on Lbank official Telegram group for not delivered to me on time, immediately i posted the complaint, about 5 to 7 different users pm'd me with same username at this point i became confused the real assistance but what i did was to just locate the admin tag from them before i started my discussion with him.

Whatever his purpose is, but I believe if he wants to find people to join his group on this forum he is failing. Because people here are too used to and too wary of free signal tricks like this. Honestly, I don't believe he can make a profit with futures trading, if he can afford to do it, he can make a lot of money even with some capital very small and he doesn't need the money that people donate to him. All are tricks to trick us, but we here are used to them.

LOL, you are right about that, if he has a lot of money and is a professional futures trader then why does he need money from users who take advantage of the signals he gives in the group? I think Op is just creating and have no other ideas to create a thread. there isn't even a technical chart that he gives to determine the state of the market and what will happen.

I don’t think you need to create a chat group anymore and just a channel where you publish your technical analysis within the market, and that would be more helpful than having a chat group. Unless you are interested in creating your own tribe in which you share ideas, and not just follow your own.

You can do it right away and not wait with anyone.

I am happy that you are not part of market manipulations still I guess if you unveil your profit-loss calculations year-wise since you were into futures trading would be more interesting and must be a good facts for the people who are still dream about getting into futures trading even after not finding a good stay with spot trading.

Moreover, when there are lots of aspects are involved with futures trading, I am just wondering why you are just talking about pump and dump schemes in your open post itself; basically I will not talk about something which is not my cup of tea or not into that frequently.

I think that success in futures is something that depends on ourselves, if we know how to do our own analysis very well we will have no problem doing it better, of course as futures we have to stick closely to technical analysis and at least go flattening to a 4x to that it is not very dangerous, there are people who leverage themselves 20x and the truth is that it is something very dangerous, I have never done it, because it is very easy to burn an account like this, the adrenaline must be unique, but the truth is that I do not recommend it , and this is something that can happen and that many do easily, but in my case I have not assimilated those things.

I think what our colleague said above is clear and true, because it must be admitted that the situation is indeed unstable and there are many frauds that are happening. Of course, all offers, if they cannot be proven with real things, will be ignored by many people.
op if you really want what is said to be heard and become something that can really be useful later, just take the time to provide a simulation of what you might have done, of course so that later there will be an assessment from all colleagues. is it really useful and indeed there will be many colleagues who want to join or not.