Bitcoin Forum

I've been bugged lately with massive addition into telegram crypto signal groups. I hate that each time I see a message, it's one of those guys trying to get people to their premium offers. Like they actually know what they are doing, or do they?

Please no.

If people want to sell you knowledge or information they are admitting that what they sell to noobs is shit.

If it was any good they would use it themselves to profit and not share it with the outside world to "help" people profit. There is almost an infinite amount of free biased information available on the world wide web, but pretty much next to nothing that's actually helpful to you when it comes to trading and investing in general.

Norman Ralph Augustine.

It's a simple but yet very effective quote to debunk all this nonsense.

And if the signal was an experiment to understand if the A.I. can predicted or not the value of Bitcoin? It would be interesting!

oh no, today I see many people say that. I hope the last time I saw this. in my opinion this is only caused by a group of pranksters who don't know anything about the problem of bitcoin.

Technically speaking, No. But there are (few) signals which are somehow legit-ish, but then again a lot signals are much more considered as spam. I do agree on what @1referee quoted, though I also think that there's nothing wrong in selling advises(?) Given that these experts do already have stocks to play and earning from it, why not maximize it, in the end it's still a money for them.

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Just let it pass, like what I'd always say to myself, "A proper or thorough research done by you, is the best information you could use before engaging or acting in a such activity."

Use your common sense if you were so good at trading and investing what would you do?

A. Invest every single dollar you have in whatever you think has the highest chance of going up in the near future and earn a fortune that way.
B. Sell cheap advice to newbies.

Which one does make the most sense if you actually had the power to predict what was going to happen in the market? I hope you answered A, if you did then you are correct that is the answer that makes the most sense but since they do not choose that path then we need to ask ourselves, do they really know what they are talking about based on the evidence? And the answer is no, they do not really know more than you or anyone else.

They don't know what they are doing. Actually none of us, they are making guesses. And if someone really knows the price movement, I wouldn't sell it to anyone. I hope you don't fall for this trap dude, specially pump-and-dump offering premium trading signals. They might get some predictions right, but most of the time their prediction will hit a snag.

Definitely a big NO!

You knew it whats their point. They want you to avail their premium for what? For signal? They dont even give you any concern, all they want from you is money to purchase that membership premium for nothing.

Stay away from that group as much as possible because its risky to follow their signal, better to trust your own trading skills. If you follow their advice, you will be trap on that shitcoin and lose all your money later on, so as early as now leave that group.

But, in this way both the (true) and the false signals are classified in the same way: No! In reality, there are some groups and some projects that should be taken into consideration. The only thing is to never send money to anyone. For example: (Telegram: Jesussavingcrypto is a scammer, don't send anything ....)....
Anyway, I think some projects must be considered.

Better to learn how to trade yourself and make your own decisions than utilising any form of signal on telegram because you will end up losing a lot at the end. If you cannot learn how to trade, then better hold. A lot of people think they would just simply start hitting huge profit with telegram signals but what you do not know is that most of those signal owners are just some bunch of losers looking out on the gullible newbies they will feed on from their signals.

I would honestly say "no".  They are just giving you signals to pump the coin they have already bought while they are low price.  Just don't blindly follow them, do your own research also.  You may be buying high per their signals.

Seriously, Do you trust someone to make decisions for you?

See they are trying to get you to pay them. Why the hell they needed someone to pay for their signals when you can do it by yourself. Sure they know what they are doing, LMAO, if they know what they are doing then they should be like crypto millionaires already. I advise you not to pay attention and yes, hate them because you don't like be another statistics (victim).

There are many free telegram signals that you don't need to pay anything. Like the other said if its offering with payment then I would say that it is not legit because predicting on cryptocurrencies is not accurate so all traders have a chance to predict on their own. Since we have many free trading tools you can start using free tools to make your own analysis like this https://cryptowat.ch/
than your trading strategy is based on telegram signals.

No, I wouldn't.
I don't rely on crypto signal information they are not true, especially those in telegram most of them I will ignore or leave.
Just research your own and make your own decision not to them especially as what you have said that pay something to have their premium, why they do that if they know when the pumps and dumps and why not they didn't use itself to have more profit. If you want there's too many telegram group crypto signal that free to join no need to pay.

No it's not, period.
Did we got the consensus here? If yes you can now lock this thread (https://bitcointalk.org/index.php?topic=2841800.0) before more "no you can't trust it" replies come.

I got a feeling that you're pro-trading signals, if there is an experimental A.I. which is trying predict the future value of Bitcoin, it didn't even need newbies to follow its signal.
It needs information (history) and current events, not a cult of followers.

Better not. See this one as an example: Telegram Scam Group "Bitmex free signals" @Peter806 @Andrew012 (https://bitcointalk.org/index.php?topic=4934945.msg44483603#msg44483603)

Always remember that there are many available editing tools out there, so don't be fooled by the images they share showing how good their offers are. If you are sick of those telegram groups who are adding you without your knowledge, go to your telegram app > Menu ☰ > Settings > Privacy and Security > Groups > Select My Contacts. That will prevent people not in your contacts to add you into group chats

These are most likely pump and dump groups and i've been victim to these telegram signals quite a lot when i was just starting out. Now it's a good way to get crypto news since they do update sometimes, but for signals i'd stay away from them.

They are a bunch of spammer and scammers that keeps inviting people to their telegram channel without the owner's permission and will, what the heck is their premium offers for? they always get the benefits of the pump by saying it will increase 10 hours from now or tomorrow to create fake fomo hype, don't fully trust people over the Internet, they are just annoying to spam other groups with their ads.

Trust to your self instead of signal in telegram. By doing a research you can predict what are possible to happen to a coin. Information and knowledge is everywhere and you can see if you want by researching.

Do you mean signals like, that coin will be pumped tomorrow at that time.. then surely no, as even if they will do it, which is called manipulation and prohibited, they need liquidity to that exact coin and you will bring them that liquidity and at the end you will be the looser and they will take the profits.
According to all other signals, I doubt you can trust, better to analyze yourself. However, there are several paid groups, which are doing pretty good, but you need to know what you pay for before entering such groups or ask for trials. Anyways, you take the final decision to execute or not the signal.

If you are a successful trader, what for you need to give the signals out...

I think they use the telegram to build a group which they can use for pump and dump since they are giving their own signals anytime soon if the price of the coin he recommend he can sell later and repeats again and again.
So, my advise start on small invest and keep learning how the movement of the price of coins goes up or down.
After you learn, invest more slowly until you know how the market works that makes you a good profit.
Just don't forget how to do the basic thing on trading "buy low and sell high"

No, the ones where they tell you when to buy a particular crypto and when you should sell. There are a ton of them now on telegram. They are quite bothersome especially when they just add you to the group unsolicitedly.

Signals can be just conjecture. And guesswork is not accurate. But it will be better when we have market knowledge. Knowing the opportunities and opportunities, then easily reach the goal.

It is their own signal and they don't have any insider like they are saying to the newbies which guarantees these newbies to earn some profit once they signed up and pay for the VIP fee or any sort of fee that they call. And after they have built that telegram group, it will be use for some purpose for advertisement of ICOs and other crypto related things so its a profit-profit for the people who built those groups.

But technically if a spam or lie is being told to you it's too late for you to know if you'd already lost a couple of bucks. That's why a brief and thorough research will help us to know the truth if someone was telling you to buy this or sell that. With a complete knowledge in crypto no one could ever fool you.

The big problem here is the greediness of people, they want to earn money in this market and while there is nothing wrong with that, they do not want to make the effort, they want to believe that someone else is going to do all the hard work for them and that they are going to get the rewards even if that doesn't really make sense.

If a stranger asked them on the street to give them their money so he could invest that money for them those people were never trust in that person and yet when the same happens over the Internet somehow they believe them and they give their power away to those people and follow their advice blindly with the awful consequences that most likely they will suffer by using bad advise in order to invest or trade their money.

Believe in yourself is the best way. Whether the choice is right or wrong is still the result. However, technically to get results from the market. We should also trust the signal to be better.

No, dont believe in such things, in trading you need to rely on yourself, the signal is also a speculation made by people, it can't be 100% correct, some content is a copy paste content from other site, and I don't feel good to pay something that is not certain, I ever joined the premium signal in the end the channel not update anymore and the signal make me lose money, so I don't trust any premium signal anymore

I do not think that you have done something right. If you hope that someone will give you free tips that will make you rich, then most likely it will be quite the opposite.

I also experienced it, they added my account to a group and channel that I did not know and that is very annoying spam, for some reason this year there are lots of spammers and scammers, fortunately there is a telegram feature that can be set so that others cannot add us with spam.

I also experienced the same problem, lots of spam messages entered on the telegram to join the signal group. Actually, I don't believe that because 99% are fake, the real signal will not be exposed in an open group with many members in it. If my advice is just ignore it.

This is one of the biggest reasons why you should never pay for trade signals, most of the time when you pay for these signals the people
posting them are not even taking the trades themselves, they are just charging you for all the signals they can come up with.
I agree in the sense that none of us REALLY know where the price will go, it's always a guess. But there is a difference between shit TA and
good TA so some actually do know what they are doing in terms of TA. But those type of traders are usually the ones not selling their trade calls.

Don't waste your money dude, spend it on a coinigy subsription of a tradingview subscription and learn a little bit of TA.

Telegram and Whatsapp Signals is a new form of earning money for few. Most of those are just casual calls, which doesn't guarantee you any profit. But yes there are some people I have seen making good calls every time, and this is when people fall for this and they end up paying for their calls. I won't say most of them are a scam, but in this market, I think all the calls might not end up on a positive note as they promise it to be.

They do not know what they are doing, they are just pretending that they know so they can get clients and their money, it is better not to use their services after all if there is something worse than losing your money is to lose your money while you are trading because you followed the advice of someone else.