The End of Crypto Signal Groups

[bitbunnny]

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.

Signal groups were not useful at all. And those users who earned profit made it by chance, not because of these groups. Maybe only naive and unexperienced users really thought that such groups might help them, everyone else new this was rubbish.

[BitHodler]

Maybe only naive and unexperienced users really thought that such groups might help them, everyone else new this was rubbish.

Signals usually appeal to those who tried trading but sucked at it, and that after many attempts. If we keep in mind that ~90% of all traders lose (regardless of what they trade), it's not really a surprise some of them revert to signals.

Based on the very large forex signal groups (100k and onwards followers) that I have seen in the last couple of years, I have to conclude that the demand for their services is going through the roof, so no, they're definitely not out of business.

If even 10% of them pay every week or month for their subscription, that's a lot of money they generate, and that just by releasing a few signals on a daily basis. What a life they must have scooping up money that easily.

[leowonderful]

I really don't think signal groups are going away anytime soon either. There's a ton of lazy people out there that just don't want to do any significant amount of work trading for money out there, and paid groups appeal to those people because they think they're getting 'reputable' signals because they're paying someone else to do the work for them. It'd be great if they were to die out, but I'm still seeing signal groups popping up every single day and it doesn't seem like they're starting to die out yet.

[nydiacaskey01]

There is a demand for this signal groups and they are coming from those newbies who don't like to learn how to trade using TA. What this newbies dont know is that this signal groups is just operated by a few people. You will notice that they will promote another group who also claims that they announced a good signal that earned 300% in the past 48 hours. Instead of paying for a monthly fee for this signal groups, I would rather spend it in joining seminars or webminars teaching how to read those graphs and candle sticks.

[ene1980]

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!

You should have written a summary here rather than just giving out the headline to advertise your blog. The fact is that any signal group will make money only when the market is booming and you do not need to be an expert if you predict any price when the price is about to move higher and then claim that you predicted that later down the line  . No one really cares about these signal groups but new people coming into the market will always fall for these traps. With the market yet to explode in the coming years, i am expecting another explosion of signal groups popping up .

[maxreish]

Indeed a good article. And that's the well truth about crypto signal groups. Subscribers are not really gaining. In fact, they are just losing because the signal they are releasing are not that really accurate. And that makes the traders makes a garbage instead of profits. I am not discouraging everyone here to join such paid signal groups, but if you are capable to read technical analysis, you can take a risk and go on with your own trades.

Trust your own TA. Not all signal groups are relevant.

[nreal]

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

The good signal groups are getting smaller, I join some signal channels they give a lot of signals, but they only show off the success signals and the failure signals they never mention. On the other hand, participating in many things makes me confused by different information, I will consider leaving some groups.

[Pffrt]

Crypto signal groups were meant for the stupid newbie who don't know anything about trading. They want to make some quick cash, that's why they get into it. For a little knowledged people, it was ended long ago. Signal groups are one of the crappy things I see in crypto space, they make money for nothing, in fact for deceiving people.

[quality.crypto]

Crypto signal groups were meant for the stupid newbie who don't know anything about trading. They want to make some quick cash, that's why they get into it. For a little knowledged people, it was ended long ago. Signal groups are one of the crappy things I see in crypto space, they make money for nothing, in fact for deceiving people.

You are right, those who are providing crypto signals will have their own goals because with sudden growth it is impossible to sell them quickly. Definitely this will lead to loose value in the market, I have personally experienced this type of failure by following those signal groups. So it is not suggestible to follow those signal groups.

[Jating]

It's already 2019, I thought that signal groups has slowly dying because there's no more money flowing in the market at this time. The people behind have been exposed as running a scam so I don't know why individuals still getting into signal groups despite the many warnings this community has been given.

No need to rely on those group, if someone really wanted to get rich then do your own TA or at least learn and study how to read graphs that's it, there's no secret recipe here but hard work and knowledge.

[MonsterV]

~snipp

Signal groups were not useful at all. And those users who earned profit made it by chance, not because of these groups. Maybe only naive and unexperienced users really thought that such groups might help them, everyone else new this was rubbish.

Not all of these signal groups are rubbish, sometimes there are some signal groups that give signals while educating their members. Even in my area, we have a community like this, where we provide technical and fundamental analysis while predicting prices, unlike other signal groups where they only ask their members to sell and buy at certain times but a good signal group is to give reasons for every market movement according to its own sentiments .

[Apaxy]

It's already 2019, I thought that signal groups has slowly dying because there's no more money flowing in the market at this time. The people behind have been exposed as running a scam so I don't know why individuals still getting into signal groups despite the many warnings this community has been given.

No need to rely on those group, if someone really wanted to get rich then do your own TA or at least learn and study how to read graphs that's it, there's no secret recipe here but hard work and knowledge.

I think that the majority still believes in these groups, since many have the habit of trusting the Signal Groups since trading on Forex.  It was on Forex that the Signal groups acted, which somehow made it possible to receive a certain profit.  But this is only nominal, since the main profit was concentrated in certain hands.  I believe that the same practice applies in the cryptocurrency market and therefore all Signal groups should not attract the attention of traders in such a massive way.

[Upgate]

I once invested in an altcoin named signal am just hoping it not what you meant..
If it about groups that talks about cryptocurrency and gives chart, prediction and all that I have for some time put an end to them myself

[danherbias07]

Ohh the bull.

It is not because of your company which is why this signals will be bankrupt or let us say out of service because of lack of customers.
It is also because they are getting a lot of bad reputations from different users. Statememts of scams and robbery had been told and it looks real.
The victims dont have a company like yours to say they are just dragging the signal groups down.

[PuertoLibre]

It is slowly dying for the obvious reasons, the cash flow among altcoins is in the low levels. In the bull market, whichever coin the trades chooses the probabilities of reaching higher points than entered price levels were the higher than 70% at least. The alt season is the name of that hidden hand provided the good results and even the 1-month profitable traders started to give a free crypto trading courses like a guru and the shilling of the bag coins spread all over the Twitter crypto hashtags. The highest level crypto signal groups usually charge 0.1 BTC per month and the premium signals are shared directly to the phone in both form of the message and social channels.  The turnover of the trader has to be over 1 BTC for making a profit through the sent crypto trading signals and for paying the monthly subscription fee in my estimation.

[pieppiep]

I once invested in an altcoin named signal am just hoping it not what you meant..
If it about groups that talks about cryptocurrency and gives chart, prediction and all that I have for some time put an end to them myself

It is hard to believe in some groups channel because we don't know if they well know about crypto moves and they know how to analyze the chart. But we can use their analysis for our purposes so we can find another guide to find the right price to us. We don't have to use their signal to trade, but we need to find our price by ourselves because their price will not always work to us.

Maybe we will get something behind their signal so we can get more information, especially if they don't give the complete sign to the members. But I don't think that they could still get new members in the bear market because I am sure that they will difficult to find the right moment to buy and sell.

I think they give the signal to make people believe that they are a professional trader and they don't want to make a profit by themselves so they give the signal to people to follow them to buy. But the fact, they can use that for their reason to gain more money from trading.

[CryptopreneurBrainboss]

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

Don't flatter yourself, the only reason the signal groups are on the decreases is simply because we've been experiencing a long bear market period which drove away novices Instead of attracting them and since most of those signal channels/groups were mainly patronize by these novices, they began losing customers.

Onces the bull market especially altcoin bull season comes into the picture, steadily these channels and groups we begin resurfacing and becoming a noom in the community. These service providers mostly take advantage of novices just joining the space and these guys are usually in their numbers during the bull market.

[voiceferate]

And what do you say about exchanges that allow you to replicate the strategies of successful traders, it's essentially the same?

[leonix007]

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.

No not really, been in a group for a couple of months and decided to leave, honestly its helpful for learning and gain different strategies that aren't basically shared anywhere as free.

I'd prefer building my own strategies not relying on them, as I know they aren't permanent.

[LeGaulois]

~
.. 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".

Well, no choice to accept the losses if she wants to remain stubborn.

Signal groups are not really different for some. It all remains on what resources they really have to collect data.
The average Joe could create his owns signals using, for example, google alert+microsfot flow+xyz indicators, then mix the results, etc...
I'm sure it will be more advanced than some shitty signal groups.

If BlackRock's algorithms were public and providing signals, it will be a lot different and I will use it myself