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Author Topic: Do not blindly trust telegram trading signals.  (Read 417 times)
YCryptos
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July 11, 2018, 06:15:39 PM
 #81

I would not trust the signals that telegram chats give. In most cases, these signals are just a guessing game. Learn to trade yourself, since this skill will never be lost to you.
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July 11, 2018, 06:31:50 PM
 #82

First time I saw those groups I saw it as a scam or a Ponzi that tries to trick people from these signals, the number one beneficiary from these signals are the owners or admins of the groups as they have the privilege to buy some coins cheap then the members will get fomo acting as a pumping machine, I saw some of them offering some premium membership to their group don't rely or trust.

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July 11, 2018, 07:40:42 PM
 #83

First time I saw those groups I saw it as a scam or a Ponzi that tries to trick people from these signals, the number one beneficiary from these signals are the owners or admins of the groups as they have the privilege to buy some coins cheap then the members will get fomo acting as a pumping machine, I saw some of them offering some premium membership to their group don't rely or trust.
in any case, groups or user societies of crypto currency are created that are looking for opportunities for management or ways of manipulating the market. of course their activities are very effective and directed to their advantage. But I think that we should not pay attention to this, because we can not influence anything.

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July 11, 2018, 09:17:49 PM
 #84

Actually I don’t believe in the telegrams
because there are lots of scammers on that which can easily steal your money in just a single moment and you cannot do any actions to claim and get it back.
Yes, investing in Telegram groups is extremely risky, do not let yourself be the prey of the speculators, no value is really good free. Learn to self-assess the situation and invest reasonably with your own abilities.

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July 11, 2018, 09:38:16 PM
 #85

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
The best trading bots to use are those that have the dev teams can be reached easily unlike groups that send out various trading signals which are either copied from some other group or small person/group trying to maximise on their profits as these are usually not free.
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July 11, 2018, 09:39:47 PM
 #86

I made a thread with detailed info on why pump and dump groups are scams:
https://bitcointalk.org/index.php?topic=3921159.0



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July 11, 2018, 09:51:42 PM
 #87

Most of the telegram signal groups are made the only fort steal people's money. By following their signal you may earn 200 USD, then when again you follow their signals that time you may lose 400 USD! I was in a telegram pump signal group. I was new that's why I followed them blindly. Because every day they posted about their success. But by following their signal I lost my capital. And that day I promised myself that I will never follow any telegram group's pump signal.

Everyone should make their own formula in trade, you can't make success by following other trade formulas. So, it is better to read and make experience.

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July 11, 2018, 09:53:00 PM
 #88

Its going as a kind of business where users were provided with regular free trading signals. Some gets a perfect coincidence with the market depending the signal provided. This lets them to registered as a premium member who pays for the trading signals that's been provided further after certain time period of free service while the unsuccessful leaves. This way an earning is made by those groups.

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July 11, 2018, 10:11:40 PM
 #89

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.


I agree with you. Some telegram updates are not reliable and they sometimes bring us unnecessary confusions which is quite hard for us to move with right decision making. Some of them aren't making enough information and accurate update about a certain project.

   
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July 11, 2018, 10:39:32 PM
 #90

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.

It is really good to see the signal if trades for yourself other than basing your decisions to others. Telegram groups which give signals on trade usually receives money or being paid by some admins to promote their coins. So it would be best to trust only your intuition in deciding when and what to trade.

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July 11, 2018, 10:52:37 PM
 #91

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
As a matter of fact they are just using the members to ammas money to a shitcoin but they were the first one to purchase it and awaits the growing money then sell it leaving you stuck on holding and you are clueless on what are you going to do since you purchase a shitcoin that has no chance to increase unless you introduce or manipulate it just like having your own telegram signal.

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July 11, 2018, 11:05:58 PM
 #92

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
As a matter of fact they are just using the members to ammas money to a shitcoin but they were the first one to purchase it and awaits the growing money then sell it leaving you stuck on holding and you are clueless on what are you going to do since you purchase a shitcoin that has no chance to increase unless you introduce or manipulate it just like having your own telegram signal.

Yup that is true! Dont ever trust any signal in telegram group because you give the leader of that signal to gain a huge amount of money, if you want to do trading why not learning the proper way of trading there so many tool in the internet you can use to make idea how to earn in trading.
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July 12, 2018, 01:27:56 AM
 #93

Trading signals is a big mistake, those people giving that signals are the user will take more profit. Why? Before giving signals they will buy a lot of those coins below the price of their signals. After those blind people do buy at that price making it pump above 5% gain and whose user get the profit? The people behind that signals who bought at the lowest price

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July 12, 2018, 02:12:26 AM
 #94

actually, I don't trust telegram trading signals but some of that trading signals can give a good signal and I think not all telegram trading signals is bad. it depends on how we can get the signals and as long as it proves to give a good signal, we can use them or our research before we decide to buy the coins so we can make a good profit. maybe their signals can be useful for us so we can make a good decision to buy.
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July 12, 2018, 03:33:26 AM
 #95

Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
Yes, I have the same idea with you. telegram trading signals will always never be accurate. Because if the market is too predictable, people will become rich and no one is poor! That is a paradox. So I thought it was a trap, and later it would make some people lose all because of over-confidence in the system.

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July 12, 2018, 05:38:28 AM
 #96

Do not trust the signals to learn to trade. for themselves they will only take advantage of you and It's just a new way to use you or earn money from you, It's like a pyramid scheme that has been upgraded, the last one to invest is the loser while the beginning is the winner
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July 12, 2018, 07:33:08 AM
 #97

These Telegram signals pretty much remind me of the old Popular Yahoo discussion for stocks or the Stocktwits which shows Twitter stock signals.

Basically you got the blind leading the blind.

People basically paper or demo trade and post their trades live on Yahoo discussion or their Twitter. If they have a good month or good quarter, which is fairly easy during a bull market they will get many followers.

Then they decide to make their signals private and charge like $100/month for their signals.

So they continue to paper trade while the follows are risking real money... their source of income is the monthly $100 fee.

Eventually there will be a bad month or two, and people will quick and go broke while the signal provider made thousands with no risk pretty much.
It looks like things doesn't change, people doesn't change.
I think even in 100 years when people will trade with some actives people will do the same. The game is the game. All this "paper trade" is nothing. You can check yourself only when you're in the game, when you're risky your money. Only when you're lost your money you'll know that all things is serious and that would be a first step to education.
These telegram signals is a scam, easiest way to lose money. Be afraid of Yobit and other scam exchanges. You won't win there.
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July 12, 2018, 09:58:33 AM
 #98

Totally agreed with you. There are several reasons:
- Newbies who do not know how to trade/analyze the market. They just follow these tele groups without doubt.
- Signals on tele groups is not reliable. They are just bought before releasing the signals, then you get fomo -> they sell on your buy orders
The best solution is you have to study by yourself, trade and hold by yourself!
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July 19, 2018, 10:06:53 AM
 #99

My experience in trading in Cryptocurrency should be confident in the decision taken, want it short term choice, long term, to buy or sell or stoploss.
Because when we follow the instincts of others we are difficult to develop or devote our experience to profit.
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July 19, 2018, 06:19:53 PM
 #100

Getting signals from telegram groups have proven to be a bad idea as most of them do pump and dump unless the group is a paid reputable group. Another disadvantage is that, people tend to depends on these people and however, they do not try to learn how to carry out their own trades as well
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