The End of Crypto Signal Groups

[The Sceptical Chymist]

This thread is a few months old, but I'm actually glad it got bumped because I missed it before.

I had been hearing the words signal and signal group for quite a while on bitcointalk, and I never knew what the hell people were talking about--so after reading the link from the OP here, now I get it.

These are basically pump & dump schemes and they're nothing new in the world of trading, because people were doing the same thing in the stock market waaay back in the 1920s.  It's not that someone knows some inside info about whatever coin is being pumped, it's the fact that someone with money is planning on manipulating a coin and wants some support.  At least that's what it sounds like to me.

I'm pretty sure these groups aren't dead, either.  There are always going to be people trying to do this sort of thing, at least until crypto gets regulated like the stock market.

[1715333691]

1715333691

[1715333691]

1715333691

[1715333691]

1715333691

[naira]

This thread is a few months old, but I'm actually glad it got bumped because I missed it before.

I had been hearing the words signal and signal group for quite a while on bitcointalk, and I never knew what the hell people were talking about--so after reading the link from the OP here, now I get it.

These are basically pump & dump schemes and they're nothing new in the world of trading, because people were doing the same thing in the stock market waaay back in the 1920s.  It's not that someone knows some inside info about whatever coin is being pumped, it's the fact that someone with money is planning on manipulating a coin and wants some support.  At least that's what it sounds like to me.

I'm pretty sure these groups aren't dead, either.  There are always going to be people trying to do this sort of thing, at least until crypto gets regulated like the stock market.

the signal community can indeed manipulate the market because they move together. but basically it will not always succeed because of the refusal of pure price action, and I also believe that manipulation is not done alone but done simultaneously. and usually a group of signals like this will not last long, because if the people who have control have made some mistakes then followers can leave and the signal will end.

[spike420211]

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.

I was in a similar situation. Even if you find a group with a good percentage of predictions, you will still have a rather laborious task to implement these signals.
Because in a month you will receive a rather large number of signals, and not all of them will be successful, but suppose that more than 60% will still do their job.

Then we are faced with the second problem - this is the execution time of the signals. After all, no one knows when this will happen, it can happen in the period from one day to 4 months.
Thus, in order to realize the potential of such signals, you need to bet on almost all, or at least 90% of these signals, and at the same time wait a long time until they are realized, which is sometimes extremely difficult to do.

[gabmen]

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.

I was in a similar situation. Even if you find a group with a good percentage of predictions, you will still have a rather laborious task to implement these signals.
Because in a month you will receive a rather large number of signals, and not all of them will be successful, but suppose that more than 60% will still do their job.

Then we are faced with the second problem - this is the execution time of the signals. After all, no one knows when this will happen, it can happen in the period from one day to 4 months.
Thus, in order to realize the potential of such signals, you need to bet on almost all, or at least 90% of these signals, and at the same time wait a long time until they are realized, which is sometimes extremely difficult to do.

And in order for you to do that, you'll need a big base fund. It's not really worth the risk. These signal groups, mostly on telegram, rely on pumps and dumps. Missing the initial pump and exiting while still on profit could very well cost you your investment money. These groups don't care about you. They make money out of people gullibility. And people now are more aware of how these pump and dump groups work so they has less money to work with.

[buwaytress]

I know a bit of an old thread but seeing the title just reminded me of the one time I actually coughed up money to pay for a signal group membership. Few hundred people in there. Granted, more active than most channels I'd snooped on, a lot of charting, a lot of proper discussion but inevitably, just as unprofitable and non-transparent as a free group. As in, you don't get precise signals, no proof of trades that followed the signals, just a vague agreement that you get to see advice but not clear or precise instructions.

Owner even had the gall to tell me I "literally" chose the only 3 months they ever lost money.

So me hearing it's the end of such groups only makes me happy. Even if I know it's not true. Fools born every day. I was fool enough to try once, so I should know.

[stompix]

Nope. Crypto signal groups are alive and working as usual. Here's a good comparison chart of signal groups on Telegram: https://www.quora.com/Which-is-the-best-crypto-signal-group-in-Telegram

First, the answers you quote are just spam for such a telegram signal group.
Second, and more important is that your links are older than this topic, so it makes no sense to claim they are still alive from it.

These are basically pump & dump schemes and they're nothing new in the world of trading, because people were doing the same thing in the stock market waaay back in the 1920s.  It's not that someone knows some inside info about whatever coin is being pumped, it's the fact that someone with money is planning on manipulating a coin and wants some support. At least that's what it sounds like to me.

Exactly!
They just rebranded themselves into "signal" groups, because people are avoiding right now the traditional pump and dump schemes.
Of course, a lot of people will say that the groups sometimes are right, but they will only make only 10% of what the "signalers" make and most of the time they will be too late for the party.

But there is no way to convince people those things are fake, people always search for schemes that defy logic, like books on how to win the lottery or how to win in a casino.

Owner even had the gall to tell me I "literally" chose the only 3 months they ever lost money.

That sounds like cryptosparks and his arakne bot 

[DevilSlayer]

Crypto signal groups have no future after all, I'm sure that someday; all of the people in the market will ignore this. It is really sad for me because there are people who are been victimize by the crypto signal groups. It should be guide for other people that it is really a scam group who want to get our money.

[Kemarit]

Hmm, again I don't know how can we accomplished the end of crypto signals. It's already 2020 but those guys are still raking money out of newbies traders. So as long as there are beginners who are too gullible and believed that they can make money from the market but joining pump-and-dump groups, it's going to be difficult to put an end to them. The best thing that we can do is really educate them first hand. Preach them that this kind of schemes are not going to be sustainable and it the end they might end up losing money instead of getting profits.

[liuqi]

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

Are these groups were still helpful for the newbies and traders???
I don't think so because since I have noticed none of the people get benefited with the the signals most probably like luck factor there is speculation was reached the right place. Nothing else they have done for their group members.

[puertorikosena]

It seems to me that such groups have now almost died out, but this is all you need until the next bubble in the cryptocurrency market. As soon as global growth begins and cryptocurrency is spoken from everywhere, then the groups will resume their business.

[MWesterweele]

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

Finally, they will be gone , they are annoying , without my approval I suddenly saw than I already joined the group in telegram and all I can see there is not really a signal at all and it us useless! People, we need to stop using or joining them , they aren't worth our penny and time. We are just wasting it, instead of joining why dont we learn it by ourselves.

[Shasha80]

I also think the same thing related to this, now people already understand trading by following crypto signal groups will only result
suffered losses. So from that now many crypto signal groups are inactive, especially signal groups contained in telegrams. Because
it is more effective if trading by doing analysis and research that we do ourselves, the results that will be obtained are usually not
will disappoint. So until now if there are still people who trade by following the crypto signal groups you should stop, if your capital
don't want to disappear.

[Twinkledoe]

I also think the same thing related to this, now people already understand trading by following crypto signal groups will only result
suffered losses. So from that now many crypto signal groups are inactive, especially signal groups contained in telegrams. Because
it is more effective if trading by doing analysis and research that we do ourselves, the results that will be obtained are usually not
will disappoint. So until now if there are still people who trade by following the crypto signal groups you should stop, if your capital
don't want to disappear.

I really do hope that they will be terminated as soon as possible to prevent screwing more newbies. It is really saddening that these groups don't care about the lives that they are being ruined. All they care is their money that they will get from deceiving those naive traders. And for those potential users of these signal groups, you should think not only twice in following their advice because most of them are trap. Better follow your instincts instead.

[milewilda]

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

Are these groups were still helpful for the newbies and traders???
I don't think so because since I have noticed none of the people get benefited with the the signals most probably like luck factor there is speculation was reached the right place. Nothing else they have done for their group members.

Its never been helpful and majority of them are just frauds which are just tending to scam out noobs out there.
If we do think sensibly where these groups or individuals are earning that much then they wont bother themselves on
offering groups which they do give out their own trading signals for some pennies yet they can generate it on their own
rather than hassling theirselves on sharing for small money.They are completely trash imho but surprisingly there were still people who do patronize
these BS.

[LUCKMCFLY]

~snip~

Great article,my personal opinion about signal groups is that they tend to have more errors than successes, the reason is simple, if the market is simply analyzed at a technical level, the probability of failure is high, if the groups had a focus on the analysis so much fundamental as a technician, it would go in another direction, which would be more interesting and even more likely to succeed.

[KnightElite]

Traders are becoming more smarter than before, they now aware that scams and dumps groups are scams and should be ignore. It is funny because most of the pump dump groups says that they have accurate prediction because they have power to manipulate the price, why they still inviting people if they skills to do it. They are just stealing other peoples money and they just giving information that is not useful. I do not encounter anymore any kind of group because I'm sure that the traders who are believing to this kind of shit are becoming lessen.

[Andrews193]

I also think the same thing related to this, now people already understand trading by following crypto signal groups will only result
suffered losses. So from that now many crypto signal groups are inactive, especially signal groups contained in telegrams. Because
it is more effective if trading by doing analysis and research that we do ourselves, the results that will be obtained are usually not
will disappoint. So until now if there are still people who trade by following the crypto signal groups you should stop, if your capital
don't want to disappear.

I really do hope that they will be terminated as soon as possible to prevent screwing more newbies. It is really saddening that these groups don't care about the lives that they are being ruined. All they care is their money that they will get from deceiving those naive traders. And for those potential users of these signal groups, you should think not only twice in following their advice because most of them are trap. Better follow your instincts instead.

I think right from the start becoming an investor, we should have been aware of the risk of believing in signal groups, there is no free gift from others, all need money to exchange, free and openly can only redeem a loss, a few lessons are needed for new investors to wake up. If you request to close signal groups, preferably free signal groups and too much publicity, for private signal groups, the service is still relatively considered but even when there are signals, we still need to apply instinct into trading to make things safer

[Captain Corporate]

 I mean it was already a short period of time because people were trying to do anything they possibly can during those times in order to make a quick buck, in around 2017 and early 2018 it was very popular to do either signal trading or anything else but to try and make a profit on crypto was a famous thing all around the world. Nowadays the market has been calm for years and never made that kind of money, so people are looking at smarter things and one of the first things to go was obviously signal groups that never really worked anyway so people moved on easily and moved into something that would make sense to them.

[imutlinda]

 I mean it was already a short period of time because people were trying to do anything they possibly can during those times in order to make a quick buck, in around 2017 and early 2018 it was very popular to do either signal trading or anything else but to try and make a profit on crypto was a famous thing all around the world. Nowadays the market has been calm for years and never made that kind of money, so people are looking at smarter things and one of the first things to go was obviously signal groups that never really worked anyway so people moved on easily and moved into something that would make sense to them.

in that year there were quite a lot of signal groups, but in that year the trend was also being good so people who opened the signal group would have no trouble doing graph analysis. but for now they are also having trouble doing technical analysis so most of the signal groups have disappeared because the people doing the analysis must have had difficulty.

[jcpone]

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

Well, that's good if ever it is true. They are not good actually for me, sometimes they just deceived others here in the forum
to make believe to their analysis and announcement anyway. I am so happy if they get terminated in the future now in
cryptocurrency business.