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Author Topic: Why do youtube "Expert Traders" keep asking money for their "premium tips"?  (Read 258 times)
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March 25, 2019, 10:43:02 PM
 #1

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?
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March 25, 2019, 10:58:05 PM
Merited by Wind_FURY (1)
 #2

If they claim to have made lots of money through their good trading strategies then why do they ask for money?
It is part of their marketing strategy to get sales. I suggest don't take their offer because most of them are scam and there are no actual premium tips and I am sure you can find them free in some blogs just like this one daytrading.com

Is it too much greed for more money, or they are simply lying about making money from their strategies?
If they actually making money from their own strategies why would they need to offer premium tips it's because like you said they are greedy and most of the strategies they offer can be found in some blogs and videos.
They are not actually expert and I am sure they are just gathering all information from another blog or videos.

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March 25, 2019, 11:12:10 PM
 #3

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

These people are snake oil salesmen. They aren't good traders. Obviously by selling their "strategies" and "signals" they can generate more dependable income than by trading. Otherwise it would be much more profitable to focus on trading because of compounding profits.

Good traders don't like to give up edges. If a trading system is that good, you wouldn't want to publicize it by selling it. That would cut into your edge on the market. It's like using the same bot on default settings that a million other people use. You're all cannibalizing each other, cutting into each other's gains.

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March 25, 2019, 11:26:41 PM
 #4

To make money from those gullible people, specially noob one. And by the way, I haven't seen any experts traders who keep asking for money. Because majority of experts will just keep the their trading secret within themselves. Just doesn't make sense to sure it if you are making tons of money out of your own trading strategy.

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March 26, 2019, 01:59:43 AM
 #5

Just doesn't make sense to sure it if you are making tons of money out of your own trading strategy.

I also know some people who use their influence to push people by his bag and then dump later on. But, I also know some people who genuinely trying to help people with trading strategy (not necessarily sharing chart or signal). But they're maybe one in 100 people.

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March 26, 2019, 04:13:44 AM
 #6

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

I think it is a usual thing which is purposed to make extra money. Regarding they are lying or not about their making money strategy through trading, we should do more researches about the youtuber. If he provides good proofs about his strategy and his earning then you can decide what to do.


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March 26, 2019, 04:27:17 AM
 #7

No rational person would sell a great, working strategy for just a few hundred dollars as things can get saturated very easily in any field where you can make money, including in trading. Same goes for money-making ebooks that are sold on other forums that I've seen- they're both too good to be true. The tips the YouTubers are selling are also likely not going to provide you with whatever returns claimed. Most of the 'tips' being sold can be found elsewhere for free if you look hard enough as well.

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March 26, 2019, 04:43:44 AM
 #8

Don't trust them especially YouTubers. They make video for earn money really their intention isn't just help you. There is no any quick rich method. They just follow few upcoming news and volume then predict about coin. They give signal but it's just based on some analysis, news and volume. So sometimes their signal becomes successful and some coin need to wait even 3/4 months for recover. So no value for this kind of signal. If really they knew any 100% conformed signal then they can earn millions by themselves. So better to try analys yourself. Not is it?

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March 26, 2019, 06:27:17 AM
 #9

It's part of their marketing strategy as we all know youtubers are full of lies and gimmicks. They will say all things possible that any new traders want to here but in the end, those are just normal tips that you can even read it here in this forum.
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March 26, 2019, 06:36:48 AM
 #10

Don't trust them especially YouTubers. They make video for earn money really their intention isn't just help you. There is no any quick rich method. They just follow few upcoming news and volume then predict about coin. They give signal but it's just based on some analysis, news and volume. So sometimes their signal becomes successful and some coin need to wait even 3/4 months for recover. So no value for this kind of signal. If really they knew any 100% conformed signal then they can earn millions by themselves. So better to try analys yourself. Not is it?
There are very few number of users who have been providing good support to the users with their day trading experiences. Majority take it as a way to profit with the number of views. Day trading is quite complicated, but the same can be learned with ease when one has got the willingness to learn. With the tipping to the youtubers you could experiment on trading and understand it better.

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March 26, 2019, 06:52:11 AM
 #11

The reasons were belong to the traders themself but might be they get those knowledge with experience and suffering plenty of loss so they consider there is no free in this world because they were became an expert traders with money and if people want their method then people should be spend their money to get it

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March 26, 2019, 07:12:33 AM
Last edit: March 26, 2019, 07:24:19 AM by arpon11
 #12

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?
during my forex trading I could still remember subscribe to this guy that claim to make about $30,000 weekly from trading and I Was surprised that he sell his strategies and signal for $30 par months and that was a great surprise to me because after subscribing I discovered that he only make money from the subscription and not from trading as most of the subscribers were really made to believe that the next month will be better than this month and new members are be brought in every day to subscribe the signal with $30!
Those acclaim experts on YouTube makes their money from the signal they sell and you should not be surprised that many of them has never make any profits from trading and some of them don't even have the mind to invest in trading.

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March 26, 2019, 11:46:58 PM
 #13

They just simply want to milk most of their viewers but they never really did show such proofs, it is just a marketing strategy to make some very large amount of stash collected from their viewers who do give a tips sometimes. It is all known to all vloggers out there mostly in a live stream while playing to show some moves IF they are pro. The more subscriber they get the more money they will get and that's how they make money.
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March 28, 2019, 07:25:54 AM
 #14

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?
Is money ever enough when it comes to business? Even if they have made substantial amount of money, does that stop them from making more, these people you are talking about are selling their intellectual property which they have built up overtime for business purpose, it is left for you to patronize them or not since they are not imposing it on people. If you also do your research very well, you will surely get the ones that will give you what you desire.

When I started trading, I needed people that could give me signals as a beginner, I came across so many people that were selling theirs but through my thorough research, I got one that started giving me free till he stopped. Also not that paid things are more quality than free things.
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March 28, 2019, 09:48:05 AM
 #15

OP, can you post the YouTube channels of those "experts" who ask for money? We should rank them on who's the best to worst "bullshitters of cryptocurrency trading". Cool


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March 28, 2019, 10:44:00 AM
 #16

Because majority of experts will just keep the their trading secret within themselves.

Yes and I think you are correct. They could see it as time wasting because they can go in there and make the money you as quick as you can't imagine. They might join a signal group for leisure and give signals if they want to.

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March 28, 2019, 10:57:45 AM
 #17

Because they still want to make additional money from their tips and I think it's normal. We want to make more and more money from many things and making money from tips is another way for them to increase the money amount. I see it in the other fields too and the expert or the pro still asking some money to people because they give something to them.
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March 28, 2019, 02:15:43 PM
 #18

It's because they don't really profit off of their trading schemes that's why they have to resort into selling ebooks and guides instead of just trading all day long. Don't get me wrong, there are really people out there who are putting in the extra effort just to give back to the community but most are scums and are only selling fake tips for personal gains. If one already found out a way to get a lot of profits, would he/she be so dumb enough to share his/her knowledge and potential split the profits he/she receives? Of course not.

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March 28, 2019, 02:27:01 PM
 #19

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?
I have known someone like this, he charged money to get people into his telegram chat and he had two of them, one was for general public that he shares few info that would eventually come true which made people want to get into premium chat and one was premium chat where he shared stuff constantly.

His reasoning for asking money was to keep the number low, he didn't want to many people, I mean he was already making a lot of money from trading and the chat income last we calculated was about a thousand dollars per month for him, we have seen his trades and we did trades at the same time with him so we knew he was making much much more than a thousand so we had no reason not to believe him.

He just didn't want people who constantly bothered him, he sometimes even didn't renew some peoples premium just to keep them away, he wanted a small smart chat for himself and that is it.
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March 28, 2019, 02:34:22 PM
 #20

Because they still want to make additional money from their tips and I think it's normal. We want to make more and more money from many things and making money from tips is another way for them to increase the money amount. I see it in the other fields too and the expert or the pro still asking some money to people because they give something to them.

As long as the offer does make senses then it is normal, but if we see that there is something is a bit suspicious so we need to be careful. Usually real expert traders will share their experiences in trading for free and high likely they will only ask viewers to register on the exchanges or trading site through their referral link without asking for fees or whatever it is called.

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