The End of Crypto Signal Groups

[pixie85]

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.

So you are one of the people who allowed these pump groups to run longer because those who subscribed and gave them money assured them that the business model is good and they should go on.

I'm happy that the community is evolving and going in the right direction. Signal groups should disappear just like cloud mining did.

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[Mpamaegbu]

For me, crypto signal groups are crabs and only exist for the self interest of the founder which is MONEY! Nothing but to make money out of the unsuspecting public and that's why they always insist on subscription fees. However, this isn't so with Forex Trading groups where you get to find genuine groups at not cost of registration.

[SquallLeonhart]

If they worked, they would have been still around and still make profit for the user but they did not and nothing that losses money for their user could ever continue to exist for a long time, the person who lost money once will not return, you can find a person that will lose his money once and not twice so these places found newer and newer people constantly but since there was absolutely no success story that came out of signal groups which resulted with less people coming in and since the ones that lose money was leaving that meant lesser and lesser people in the signal groups over time.

If there was even a single signal group that was constantly profitable, people would have flocked to it like crazy but unfortunate in a long period of time they all failed.

[Wawa2013]

In my opinion not all paid trading signals are 100% accurate, especially now and yesterday a year back, it is very difficult to predict the market, so sometimes paid signals miss the mark because the market is uncertain its direction. At this time the signal is slowly beginning to fade, maybe as you say it dies slowly eventually

[ScamViruS]

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

Signal groups crap. They have made huge incomes by cheating Innocent people before. I myself have been a victim of this cheating. I've seen how they give signal. They pump a coin before and give signal to all subscribers. Then they dump those coins to subscribers. Which is one kind of scam. Now this signal business has not full stopped, but the customer has declined since. But again if the bull market will come actually grow their business again.

[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.

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.

No, I’m talking about groups in which signals for highly liquid coins are published exclusively on the Binance exchange.
That is, no pump-dump schemes. In such groups, signals are formed on the basis of technical analysis by professional traders, that is, you just have to repeat what the traders themselves do.

Of course, you will need some capital in order to realize 90% of the signals, otherwise the error will be too high and you will not even be able to closely check the operability of these signals.

[rexxarofmoknathal]

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.

Exactly, just because the people in the group didn't react on time when the market is in bloom, hence great advantage move for traders, doesn't mean that signal groups aren't working or are of not good use. In my opinion, they are but here's an idea rather than 'villainizing'  them if I can call it that, why not instead incentivise them a little 

Perhaps their fame can be re-introduced by providing a better, quicker way to reach the others, like using a different medium, but to be fair it is all down to the unexperienced traders who clearly should first check if the market still holds the favourable conditions before buying/selling.

[Baoo]

Well, I don't really think that the crypto signal groups are helpful, you can't find the right and  accurate information from most of public ones I would guess. For me, I always avoid them and I will never give a big attention to any group, it is better to focus on your knowledge/experience in the domain of trading, the only one who can help you is definitely yourself. So try to learn more and read some useful book, that's how it works correctly in my opinion.

[CaVO32]

Well, I don't really think that the crypto signal groups are helpful, you can't find the right and  accurate information from most of public ones I would guess. For me, I always avoid them and I will never give a big attention to any group, it is better to focus on your knowledge/experience in the domain of trading, the only one who can help you is definitely yourself. So try to learn more and read some useful book, that's how it works correctly in my opinion.

I hope by now they are in the trash bin. i tried one time before, joining free signal group to see how they will tell about the upcoming pump. and guess what? usually, they are late to tell you about what's gonna happen. the train had already left for the users so if you will follow their advice, you will be stuck and you bought the coin at a higher price than usual. they are only luring users for their own benefit. how much more those paid crypto signal groups? I guess they are earning money from those users who will fall on their trap. So I hope they will be totally eradicated in crypto space to avoid other users losing their money for nothing.

[Btc_1856]

Well, I don't really think that the crypto signal groups are helpful, you can't find the right and  accurate information from most of public ones I would guess. For me, I always avoid them and I will never give a big attention to any group, it is better to focus on your knowledge/experience in the domain of trading, the only one who can help you is definitely yourself. So try to learn more and read some useful book, that's how it works correctly in my opinion.

You are right, most of the people are still following the crypto signal group which they are losing money with their fake guess. We should always trust our knowledge when it comes to trading, trading is an unpredictable job which it is impossible to make money. Profits should be managed in a different way which we might able to hold until we should use them to buy back those.

[gabbie2010]

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.

The general perception of joining those signal group then was that members can make profits within the shortest period of time however many hope of those newbies was dashed.
Personally I took time to learn the basics of trading with all the numerous materials I could lay my hands on while trying to avoid photoshopped results of trades of the so-called signal groups whose sole aim is to earn money from unsuspecting subscribers.

[coinfinger]

I still consider signal groups to fail because charts fail and indicators fail and when people do not listen to those but listen the signals it was always funny. I mean there was a ton of telegram groups where people sold signals and made a ton of money, what they did? They simply created a bot that notified people when bollinger band dropped under something or went over something and that's it.

So, as you can see when the "signal" was explained to people nobody really would want it but when it is unknown and it is simply a mysterious "there will be x coin going up soon" type of messages that makes it a lot more convincing for some reason since the real data is not as convincing and most probably wrong as well. This all came from ignorance and stupidity, nothing else.