The End of Crypto Signal Groups

[crabby]

Hi Everyone!

I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!

https://blog.shrimpy.io/blog/the-end-of-crypto-signal-groups

Thanks

[Lakai01]

You are right, signal groups are currently dying a slow death. Finally.

Anyways, I skimmed through your article. You should rather tag it as an advertisement, the headline is only covered in a few self-repeating paragraphs, the way larger part of the article deals with the benefits of social trading platforms like yours. Social trading is just another way of luring people who should definitely not trade into trading with false promises in my opinion.

[GreatArkansas]

What social trading really is? It's something like you are still relying on someone or some tools. I just read the last part of the article which also romote another website or tool in trading, lol.

What really the best is learning, gaining knowledge, gaining experience and always study about trading will let crypto signal group ends.

What if as time goes by, most of traders are already well-knowledge and every newbie will start to learn and they will know how trading is risky, are there still any person will subscribe to paid signal groups?
Because most of the subscribers there are lazy, don't want to learn and just relying to other people.

[ethereumhunter]

I found out that in a telegram, many crypto signal groups available but we don't know which groups could give the right signal. I think people are tired to check the signals from a few months ago because the market is not showing significant movements and the price still at a low price. But it seems, the signal groups now are trying to give a new signal by spreading many signals from the market and hope that one or two signal could work for them. And if you decide to use that signal from whatever sources, you better to analyze again, so you know if the signal will work or not.

[Reid]

So that is what I used to see in Youtube advertisement
 Looks like this is just another one of those kinds.
Well, we could really say you are growing in numbers since you made it here too.

But is bashing one group really that necessary to get the upper hand?
I am not a protector of signal trading because I hate it too due to experience. But aint you the same with them by doing so? Do they still have the larger supporter by now since that could be the reason for you to make bad things like this?

[1Referee]

I found out that in a telegram, many crypto signal groups available but we don't know which groups could give the right signal.

The reality is that these "many" groups aren't that many at all, but just the same entities cycling through groups because their signals could be profitable one day, and completely unprofitable the other day. People leave the unprofitable groups to go with the profitable ones, but they are operated by the same people, so they aren't losing out at all.

I'm not really against signal groups because they aren't doing anything shady as long as they don't promise you guaranteed profits. It's up to the people themselves to make the decision to actually pay for their services or not. I just wish people made a rational decision based on the little understanding that they have of this market, and not just blindly hand them over money in the hope that it yields a monetary gain.

[rodel caling]

Yeah is that possiblle one of the reason is difficult and harder to predict each coins because of the high volatility fluctuations, speculation aren't basis trend to uprising coins in the market. So meaning the signal group is useless and very huge fee to become a member of that group.

[Furious 7]

Nowadays it is indeed difficult to find an accurate signal, but even so the novice traders are still looking for it and even pay to get a premium signal. I don't know whether their signal is accurate or not.

[GreatArkansas]

Nowadays it is indeed difficult to find an accurate signal, but even so the novice traders are still looking for it and even pay to get a premium signal. I don't know whether their signal is accurate or not.

Just say it is not totally 100%. I didn't saw any traders or signal group providing sure profits on their every trades they provide.
I observed some signal group before that there are months they are owning for their trades but there are also a month they are totally bloody red.
The only problem on signal group is how long you gonna stay especially when their subscription fee is too high.

[Bttzed03]

After years of spamming telegram and discord groups, crypto signal group will eventually die. Some newbie traders are getting les interested. Social trading might take over but I see its fate not different with these signal groups. It'll also die sooner or later.

Nowadays it is indeed difficult to find an accurate signal, but even so the novice traders are still looking for it and even pay to get a premium signal. I don't know whether their signal is accurate or not.

Only a few will claim that it is accurate, those who are given the signal in advance (privately). After they are done buying, the signal is sent to these unsuspecting newbies. Once they start buying, those who bought early will start dumping.

[TopT3ns]

I not really think if crypto signal groups really useful. Maybe yes for who can know when to buy and sell. But usually it make us to pay in high amount of money, and i think my capital is less than how much i should pay. That is why i not use any crypto signal groups.

[1BTC EQUALS 1CAR]

I not really think if crypto signal groups really useful. Maybe yes for who can know when to buy and sell. But usually it make us to pay in high amount of money, and i think my capital is less than how much i should pay. That is why i not use any crypto signal groups.

My opinion that it was never helpful in any way. The first one who bought are creators or admins of that group and they are the ones who really profit in this scheme. And op is right and that after the long bear period, people lose interest in trading crypto which stops new people to get in which is also stops those lying pump and dumper crypto signal groups who invite newbies.

[btcholder]

Hi Everyone!

I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!

https://blog.shrimpy.io/blog/the-end-of-crypto-signal-groups

Thanks

When i first start trading i also followed that kinda group for lot of profit in short time or doing nothing. But after couple of follows their strategy i realize they don't get you profit actually they made profit them self. Which people are newbie in trade i strongly recommend stay way from those scammers if you really want to make money from trade. And thanks for sharing your article hope it'll help lot of people.

[harizen]

The hype of joining Crypto Signal Groups is because of those people who are lazy to research on their own and will just rely on other's doing. In other words, want a decent income while doing nothing. But instead of profit, most of them got wrecked. Sometimes these people really need to lose some before learning. There is no way they can escape the strong volatility of crypto.

Thanks to 2018 bear market. These put an end to most of the signal groups.


To OP, I suggest making an ANN thread about the service you are offering there.

[LeGaulois]

I found out that in a telegram, many crypto signal groups available but we don't know which groups could give the right signal.

The reality is that these "many" groups aren't that many at all, but just the same entities cycling through groups because their signals could be profitable one day, and completely unprofitable the other day. People leave the unprofitable groups to go with the profitable ones, but they are operated by the same people, so they aren't losing out at all.

I'm not really against signal groups because they aren't doing anything shady as long as they don't promise you guaranteed profits. It's up to the people themselves to make the decision to actually pay for their services or not. I just wish people made a rational decision based on the little understanding that they have of this market, and not just blindly hand them over money in the hope that it yields a monetary gain.

2 years back I introduced Bitcoin to a ~50 years old lady and also sold her some bitcoins to start with (4 digit numbers). In the earlier days, she was truly using bitcoin as a payment mean...
.. Until she discovers those shit groups on Telegram and despite I warned her she continued.

Guess the next: with the time, she lost almost everything by buying some random shitcoins, pumped by stupid channels on TL and dumped the next day

[mk4]

Ehh. These "social trading" stuff whereas you can follow the portfolios of other people has been around for a while already, through services like eToro. I doubt this will "end" crypto signal groups, probably just lessen the interest in them, especially if these social trading platforms are paid. Unfortunately, these "trading signal" groups, both legitimate and illegitimate, will exist as long as people trade bitcoin and cryptocurrencies.

[Mahanton]

Hi Everyone!

I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!

https://blog.shrimpy.io/blog/the-end-of-crypto-signal-groups

Thanks

I thought they are already long time dead? I havent read out the article yet but maybe later on.I would give out my insights about these crypto signal groups.
Never ever with my trading career or path do consider out on joining these crypto signal groups specially to those premium ones that do require out some fees for you
be able to join up excluding on some circumstances when i do see some free ones- im aint interested but i do join those free for the sake of checking out their analysis
verifying and do make some study if it can be applied or not with my own analysis too.Sometimes it do collaborated with my interest but most of the time those are just
fantasy kind of predictions or basis.

[Upgrade00]

Signal groups in a way, function similarly to pump and dump groups. And at the top of the pecking order is the creators of those groups. They point the direction their followers should trade in and have a head start to take position and profit from the trades. It's never a good suggestion to follow the trading advice of someone else, especially if you plan on being a long-term trader.

[stompix]

~
.. Until she discovers those shit groups on Telegram and despite I warned her she continued.
Guess the next: with the time, she lost almost everything by buying some random shitcoins, pumped by stupid channels on TL and dumped the next day

Sorry to hear that 
They should be called newbie scamming groups, would be far more accurate.

But I find the article pretty weird, after all:

Starting with Shrimpy, there are now intelligent tools which can automate the process of getting signals for your portfolio

So, we're replacing the old scam filled telegram groups with industrial size newbie shaving facilities?
Anyhow, other than theory and fancy wording I don't see any real metrics that would point to those groups dying out, just another disguised publicity article.

Signal groups in a way, function similarly to pump and dump groups.

They's don't just function similarly, it's the same thing, but Signaling sounds better than Pump&Dump, just as ICO and IEO sound better than "Buy a Shitcoin".

[el kaka22]

I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!

The reason why they went out of business was mainly due to not having a decentralized version of doing it. I remember one telegram group for pump and dumps that literally picked which coin will be pumped and dumped by just the last digit of a litecoin chain and that was actually not a bad idea, nobody would be able to get in early and everyone had equal chances. Now pump and dump is not similar to signal groups I know but there was similar reasons why they got burned out as well.

Signal groups were the same, some people got it early and bought, others got in too late and burned out, which resulted with only few people making a profit and most of the people losing money. Also most of the calculations were based on charts and we all know charts were not a good indicator most of the time.