The End of Crypto Signal Groups

[RealMalatesta]

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.

What I experienced is that most of such signal groups might give signals when they personally have experienced a pump or dump. Even most of these groups might be manipulating the price of some small volume coins by creating false pump and than they might swing their members from their groups to place buy orders after the pump is already been performed just to create demand and buy orders for them to sell instantly.

Minor cases happen when the coins pump again giving profits but majority of times, people end up buying lower volume coins at the peak which would hardly be reached again which would indeed leave them with loss only.

[South Park]

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.

As much as I would like for those groups to just disappear I do not think it is going to happen, whenever the next bull run happens we are going to see those groups becoming popular again, as newbies that have never invested want to take advantage of the volatility of the market but do not have an idea of how to do that and then they will decide to join those groups thinking they have found their way to the easy life only to lose all their money in a pump and dump scheme.

[carlfebz2]

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.

What I experienced is that most of such signal groups might give signals when they personally have experienced a pump or dump. Even most of these groups might be manipulating the price of some small volume coins by creating false pump and than they might swing their members from their groups to place buy orders after the pump is already been performed just to create demand and buy orders for them to sell instantly.

Minor cases happen when the coins pump again giving profits but majority of times, people end up buying lower volume coins at the peak which would hardly be reached again which would indeed leave them with loss only.

This had been always the modus of these groups where they do try to lure in people for their own benefits.Its either on having that gradual increasing phase or giving out some initial small pump
to look it more legit than a manipulative one.

Ive put in into this situation where i do able to join one of these pump and dump groups but if you do have already the experience eyes then you will surely spot them out on first glimpse.
For noobs you will surely consider on putting money yet we do just accept that our first trading steps does really have that kind of greedy feeling.

[fullhdpixel]

There is no actual future for these crypto signal groups as most of them end up just by collecting the membership fees from the users and never again show their face onto the group.

This has been the case most of times, but other groups which might give real and dedicated signals might too loose their demand in the coming times as per you mentioned onto your blog about various platforms like eToro which allows users to trade with minimum risk or start copy trading their role model and it leads us automatic profits without actually performing any trades. Even those platforms charge some percentage for allowing you to copy the trader but those charges might be affordable and beneficial in terms of long run.#

[nelson4lov]

<snip>
Various platforms like eToro which allows users to trade with minimum risk or start copy trading their role model and it leads us automatic profits without actually performing any task

Note that platforms like etoro doesn't provide anything like automatic profits. If you backtest the performance of those "experts" people copy from, You'll get to know that those traders do lose trades too. If etoro platform was dishing out profits like you said, more people would be trading on their platform.

Forgot trying to use shortcuts. The best way to make profits in trading is by learning how to trade – the right way. Even though you won't get profits immediately, but you'll gain experience and  profit in the long run as you'll pick up more skills, experience and get better with time.

[XCANA]

These signals where actually signals of pump and dump types. I was fortunate to belong to some group in discord and telegram but, they were actually given signals that were base on shitcoins all along, until I jet out of the groups. Crypto signals from these group's were wrong signals that almost landed me into big trouble with my family because, I was trading some coins for them. There is nothing like crypto signals.

[Btc_1856]

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.

Yes, we shouldn't rely on other signals because definitely it will hurt us a lot because previously I have followed many signals which at last didn't help me to make money, I have lost a lot of money through this group. It is really a very good way, to ban those Signal groups.

[maydna]

Yes, we shouldn't rely on other signals because definitely it will hurt us a lot because previously I have followed many signals which at last didn't help me to make money, I have lost a lot of money through this group. It is really a very good way, to ban those Signal groups.

That is why we need to learn some basics lessons of trading, so we don't rely on them to trade because many of them are not giving the right signals to their members. Some paid groups that I have been watched in the past giving the same information without any difference, so I conclude that they joined in many signal groups, and they share with their private groups. They claim that the signal comes from their analyst people, so they guarantee that the signals are valid.

From that, I always warn my friends not to join the paid group signal, and it is better to analyze the market by ourselves. We can find the coin by our analysis so we can get more than 1 coin, and we can try to get a bigger profit from many coins.

[TitanGEL]

Yes, we shouldn't rely on other signals because definitely it will hurt us a lot because previously I have followed many signals which at last didn't help me to make money, I have lost a lot of money through this group. It is really a very good way, to ban those Signal groups.

That is why we need to learn some basics lessons of trading, so we don't rely on them to trade because many of them are not giving the right signals to their members. Some paid groups that I have been watched in the past giving the same information without any difference, so I conclude that they joined in many signal groups, and they share with their private groups. They claim that the signal comes from their analyst people, so they guarantee that the signals are valid.

From that, I always warn my friends not to join the paid group signal, and it is better to analyze the market by ourselves. We can find the coin by our analysis so we can get more than 1 coin, and we can try to get a bigger profit from many coins.

If we do not learn the basics then there is possibility that we can have a misconceptions where we can believe to the crypto signal groups all over the social media platforms. At first, I thought that I can earn money in just short period of time if I will follow the signals but I find a wise mentor who taught me to not believe to those groups because they are just scammers. Having proper knowledge can help us to avoid and ignore those pumps and dumps and groups.

[nydiacaskey01]

At first, I thought that I can earn money in just short period of time if I will follow the signals but I find a wise mentor who taught me to not believe to those groups because they are just scammers.

You don't need a wise mentor to figure out that this groups are just taking your money if you subscribe to those paid signal groups. They are the one who earns more money than those who subscribe to their services. Too bad noobs tend to fall prey to this kind of groups because they think its a short cut to earn money in trading.

Having proper knowledge can help us to avoid and ignore those pumps and dumps and groups.

Knowledge is not the only key to earning more money in trading, its more on timing and some luck. You need to buy or sell the right coin at the right time.

[justdimin]

I understand, the world is literally filled with people who want to make money very quickly, everybody thinks that working for 40 years for regular amount of money will not make you rich, you basically spend what you have and the very tiny amount that you can save will worth basically nothing in 20 years even with the interest rates which do not showcase the inflation all that well.

So in the end, people really do not understand where else they could make a difference unless they somehow get super rich very quickly, people just need money to get rich and live a comfortable life, that is why they believe in these signal groups, the ponzi schemes, the pyramid schemes and all other get rich quick stuff since they literally can't think of any other possibility.

[sana54210]

Scams in the name of trading signal are not a new things, I am coming across. It is a basic question from most of the traders/investors, if you are good in generating trading signals then why you need to sell them instead of making use of those signal for your own capital.

At the same time, I'm not seeing any end for those signal generating group because new traders will come and look for free to cheaper signals whereas new scammers will enter into this market. It is a cyclic events like new people will come into action and they will demand another person to be turning as a scam in the name of generating signals.

I mean to say if there is no one is ready to subscribe to such group then there will be no scamming people in the name of generating signals. Lazy people are looking for signals and that is the thing scammers taking advantage of.

[chip1994]

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

in fact it's just a one-way thought from your side. I think there are bad signal groups and there are also good signal groups. such as signal groups that can make a profit when giving signals. For example, there are now Bingbon exchanges that have a reward program from the trader's volume we have just introduced. They will create an account and spread that link on the group for everyone to register and then trade will help the bonus amount increased significantly after a while. when they give signals, they just want the traders to earn profits and money still in the pockets of the accounts that have provided referral links.

[MWesterweele]

in fact it's just a one-way thought from your side. I think there are bad signal groups and there are also good signal groups. such as signal groups that can make a profit when giving signals. For example, there are now Bingbon exchanges that have a reward program from the trader's volume we have just introduced. They will create an account and spread that link on the group for everyone to register and then trade will help the bonus amount increased significantly after a while. when they give signals, they just want the traders to earn profits and money still in the pockets of the accounts that have provided referral links.

I did not trust any cryptosignals because I believe that it is better to rely on the things that we can do, we can have a better speculations and news thru the official websites of each exchanges as well, sometimes cryptosignals groups required membership fee, so you wont be getting any news if you will not pay them, better to learn trading than that.

[Assface16678]

in fact it's just a one-way thought from your side. I think there are bad signal groups and there are also good signal groups. such as signal groups that can make a profit when giving signals. For example, there are now Bingbon exchanges that have a reward program from the trader's volume we have just introduced. They will create an account and spread that link on the group for everyone to register and then trade will help the bonus amount increased significantly after a while. when they give signals, they just want the traders to earn profits and money still in the pockets of the accounts that have provided referral links.

I did not trust any cryptosignals because I believe that it is better to rely on the things that we can do, we can have a better speculations and news thru the official websites of each exchanges as well, sometimes cryptosignals groups required membership fee, so you wont be getting any news if you will not pay them, better to learn trading than that.

We are afraid that the price of the bitcoin and the altcoin comes down because of many factors sometimes the whales pull out their profit because the cost of the coin goes up and this is a huge factor. After all, the amount of the currency will go down immediately because of the money they've got and also to the people who invest has a contribution to the community of the cryptocurrency because they are putting their money to the online world and contribute to the increase of the market price. We can see those changes to the market price that support the real-time view of the graph of the coin. Sometimes there are a lot of signals that came from those websites or other platforms that help the cryptocurrency most of the time. The professional traders make a candlestick as a graph to quickly identify if the market price of the coin goes up or down. Sometimes they grab the opportunity to invest when the cost of the currency is too low or continuously pumping.

[bcoinseliot]

I agree that crypto signal groups are nothing similar to a big help. Moreover, I am one of those traders who tried such tools, but end up being unsatisfied. I was using a lot of tools like crypto signal bots, crypto channels, telegram bots and etc. But for now, I am using only Cointelegraph’s channel (https://T.Me/Cointelegraph) and infobot from cex (https://t.me/CexIoInfoBot). I should say that it is more than enough.

[Negotiation]

I agree that crypto signal groups are nothing similar to a big help. Moreover, I am one of those traders who tried such tools, but end up being unsatisfied. I was using a lot of tools like crypto signal bots, crypto channels, telegram bots and etc. But for now, I am using only Cointelegraph’s channel (https://T.Me/Cointelegraph) and infobot from cex (https://t.me/CexIoInfoBot). I should say that it is more than enough.

You are right now that most groups are currently scammed so if these groups are finished then it will not be so. It's good for us all to practice our own places of business I think the new channels work better than ever.

[abel1337]

I agree that crypto signal groups are nothing similar to a big help. Moreover, I am one of those traders who tried such tools, but end up being unsatisfied. I was using a lot of tools like crypto signal bots, crypto channels, telegram bots and etc. But for now, I am using only Cointelegraph’s channel (https://T.Me/Cointelegraph) and infobot from cex (https://t.me/CexIoInfoBot). I should say that it is more than enough.

You are right now that most groups are currently scammed so if these groups are finished then it will not be so. It's good for us all to practice our own places of business I think the new channels work better than ever.

Having a good practice on trading may give you better output than relying on some of those crypto signal groups that manipulating its followers for their own good. Trading on yourself having the knowledge you acquired will surely make you feel more accomplished than having signals from that signal groups. I would make myself pay for the knowledge in trading than riding others' command.

[Arkann]

if at least one signal group has good indicators, thanks to which you can actually trust all available information, then undoubtedly such signal groups will have very high authority and many traders will pay attention to their signals.  But so far, almost basically negative reviews have been heard about such resources, because in my opinion, it is thanks to such resources that cryptocurrency users receive distorted information that has certain goals and is aimed at making profit for completely different people.

[7788bitcoin]

Minor cases happen when the coins pump again giving profits but majority of times, people end up buying lower volume coins at the peak which would hardly be reached again which would indeed leave them with loss only.

Majority of the signal groups thrived during the past years before the big rally and many looted innocent users in the name of giving them guaranteed signal and there were manipulators who thrived on low volume coins and when the market went down these signal groups died along with it and i will not be surprised if these group emerges when the market rallies again.