do you believe on signals?

[stomachgrowls]

Most of these signal group has only one purpose, to make of use their listeners for their scheme (pump and dump) while the owners/leaders/admin of the group gains profit.

Most newbies fall for this. And no one could predict the price, just a guessing game with common price range, it also based on the current trend/news.

Pump and dump are common and should be ignored.!

Believing on those signals? Majority of newbies would really be the one who do believe on this where they do see that it is quite easy to make trades and make money

until they had been blown out when those owner of group signals will dump their tokens and leave out those noobs in the dust. Realization? it would always come in the end.

There is really a point when we are just starting that those are real ones but once do reality slap you in the face then you'll surely learn up.

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[magneto]

Absolutely do not trust signals.

Think about it this way: if the signals were actually legitimate, then why wouldn't the people running the signal service just use it themselves?

It makes absolutely no sense for them to sell it as it would diminish their own profitability, and make the opportunity disappear.

The only logical explanation is that they are making money off YOU. This goes with any telegram pump & dump group as well.

[Ararbermas]

Hello all,
i m a bit confused about this; most at times i will be given some signal about some currency how the price will appreciate but after i bag some of the currency from market it would tuned out to be false signal. so i have learnt not to follow any news from twitter or from any group.

how much have those signals turns to your favor? If any please share with us your experience with signals

if you will rely in some news that gives a signal to buy probably its a big mistake especially through twitter like what you said . Because they just published a news when they saw a improvement in the market, but they dont have enough information how long it will last that's why it happened to you mate..  
If i were you learn how to make TA as it more reliable than other methods wherein so easy if you have so much time jusrt to study the graph in the market...however if you don't have time for it, then grab some paid signals but friendly reminder., that stuff are sometimes not accurate so you still need a time to assure if it's not giving you a false signal.. But for me to be honest its always good to have your own knowledge when it comes reading the graph and etc, because you don't need to wait for something that can give you a signals as you can do it on your own.

[zanezane]

Absolutely do not trust signals.

Think about it this way: if the signals were actually legitimate, then why wouldn't the people running the signal service just use it themselves?

It makes absolutely no sense for them to sell it as it would diminish their own profitability, and make the opportunity disappear.

The only logical explanation is that they are making money off YOU. This goes with any telegram pump & dump group as well.

This is what I have been taking to my heart what to do in crypto space and generally in life. If someone offers me something beneficial, I always ask myself and if possible them why not use it yourself and just kept quiet about it, the one's that can answer that with sincerity passes my judgement but if they stutter even by a little, then I know that there's been an motive behind the supposed help. That's why some of the people that I know don't talk to me anymore because I see through the BS they try and reel me in, a lot of those people are offering signals.

[Woodie]

I do believe in signals, we do have genuine and scam groups.. and the problem is we have to many of them around and the bad part is some of these groups use other groups signals to deceive unsuspecting clients how good they are and in the end lure them to invest.

Unfortunately  we all know how this ends, the people winning in all this are the owners of the group and not the trader who usually falls into their scheme.

[Anonylz]

What signals! If they were good enough many traders would be using them alot by now, before many people thought they c make huge profit by using such signals but to trade, this is no longer the case as people are more aware and wise enough, majority I see on Telegram are most likely scam because they can invade your pm with useless signal ads looking for prey, better to learn TA on your own.

[sheenshane]

What signals! If they were good enough many traders would be using them alot by now, before many people thought they c make huge profit by using such signals but to trade, this is no longer the case as people are more aware and wise enough, majority I see on Telegram are most likely scam because they can invade your pm with useless signal ads looking for prey, better to learn TA on your own.

In trading, there's prey and predator/whales, and in every session, you either belong to these groups.  Whales are very aggressive in making money and if whales have a trading signal group, they will surely be the first who will make money even though other's will not.  So if you will join a signal group, it is a little risky to rely upon that tools.

However, you can try to join if you want for the references, but don't be ever follow them which makes you confused.  But beware of scammers, they are too always pretending good traders that didn't even know about the market situation.

[Strongkored]

This is my though about trading signal
1. There is no accurate signal
2. Traders must still understand when to enter or exit the market
3. Sometimes the costs incurred (if you follow the paid signal) are greater than the profits obtained
4. Most of the trading signals are pump and dump groups and they have already purchased the coin to be pumped and the chosen coin is the low cap, and some also coins that are announced will be delisted from the exchange.
So I'm not believe on signals, because this can also make us lazy to learn about the market

[Raflesia]

I do believe in signals, we do have genuine and scam groups.. and the problem is we have to many of them around and the bad part is some of these groups use other groups signals to deceive unsuspecting clients how good they are and in the end lure them to invest.

Unfortunately  we all know how this ends, the people winning in all this are the owners of the group and not the trader who usually falls into their scheme.

Then how to distinguish the original signal group? do you think it's true there is a valid signal? i don't even think so so i just know that signal groups can take advantage of one side of their news and analysis to trick other members so what i know is all of that is risky on trades that signals issue to buy what it suggests, it won't be good.

That's how the group owner will know in advance which one to buy near the opportunity while for his members to buy after the opportunity occurs, maybe that's their trick on trading signals.

[darklus123]

The pumping and dumping signals is one good way to manipulate market specially when you are talking about sh*tcoins. sh*tcoins can really be a good business.

developer creates a sh*tcoin and advertise it to pump the price. Some risks buying it hoping it is a good one but in the middle of the pump suddenly price will collapsed until it is no longer worth it.

[shield132]

Absolutely do not trust signals.

Think about it this way: if the signals were actually legitimate, then why wouldn't the people running the signal service just use it themselves?

It makes absolutely no sense for them to sell it as it would diminish their own profitability, and make the opportunity disappear.

The only logical explanation is that they are making money off YOU. This goes with any telegram pump & dump group as well.

There is one good website that lets you to calculate the daily compound interest, here is the link: https://www.thecalculatorsite.com/finance/calculators/daily-compound-interest.php

So, just insert the amount of money that you have right now and also the percentage of % that you think you'll achieve by following the trading signals and then choose the numbers of days with 100% daily reinvestment rate. Also, if you trade in futures market, then consider that you can also use the leverage.

Okay, I'll just give you one example:
1. Normal trading - Invested money - $1000, daily 10% rate (full reinvestment) - In 60 days, you get $300 000.
2. Futures trading - Invested money - $1000, daily 10% (3x leverage = 30%, full reinvestment) - In 60 days, you get 6.8 Million USD.

And, days don't have to be in a row So, when you always hear nice words, use the daily compound interest calculator to see the real world!

[Mkmanik]

signal group means pump and dump group. I have joined a lot of groups. but all of them are free to use, I mean not yet joined any paid signal group. Personally, I believe those group owners most of the time tried to dump their own holding coin.

I just follow if there is any good chart setup. I like to take ideas but never tried to copy their signal. There is no accurate signal, most of the signals failed to hit TP. So instead of joining those groups, it would be nice if you tried to develop your skill for trading.

Dont waste your money on paid group signals. Try to understand the basics of candlestick patterns, Technical analysis, risk management, etc. You will get a ton of free videos on youtube about this. just spend some time developing your skill.

[slaman29]

Okay, I'll just give you one example:
1. Normal trading - Invested money - $1000, daily 10% rate (full reinvestment) - In 60 days, you get $300 000.
2. Futures trading - Invested money - $1000, daily 10% (3x leverage = 30%, full reinvestment) - In 60 days, you get 6.8 Million USD.

And, days don't have to be in a row So, when you always hear nice words, use the daily compound interest calculator to see the real world!

I guess people actually either don't have the brains to do simple math or don't have the common sense to see through thick illogic.

Even let's not use daily 10%, which very few "smart" signal groups will tell. The trick these days is to show people what looks realistic, like 2% daily profit (which in our minds seems wow okay, he isn't claiming 10%, just tiny 2% which is so realistic).

Normal trading with no leverage on $1000, daily 1% and compounding: almost 6000 after 3 months. $1.3 million after 1 year.

[michellee]

I do not believe 100% in signal trading because if I got a signal from somewhere, I would analyze more to find out if that signal really works or happen in the next hours or days later. Usually, I will search why the price will go down based on that signal and there will be more information to show what is happening to that coin/token and vice versa. So you should do the same thing if you got the signal trading because there is no guarantee that the signal can give you a chance to make a profit or getting the best time to buy the coin.

[Oilacris]

Normal trading with no leverage on $1000, daily 1% and compounding: almost 6000 after 3 months. $1.3 million after 1 year.

Thats if you do able to sustain that 1% but considering that you are putting your capital on crypto coin and not on usdt or fiat then expect that profit of yours would be mainly affected.

It do really simple as it sounds but maintaining those numbers alone isnt something that you could just simply do.Sustain is the primary concern when you do deal into this market
If you could able to do that then consider that you are doing good but if not then you should try to make adjustments until you do able to reach that goal.
Signals are free but you could actually make your own and its totally dumb if you do pay something for that.

[ultrloa]

Normal trading with no leverage on $1000, daily 1% and compounding: almost 6000 after 3 months. $1.3 million after 1 year.

Thats if you do able to sustain that 1% but considering that you are putting your capital on crypto coin and not on usdt or fiat then expect that profit of yours would be mainly affected.

It do really simple as it sounds but maintaining those numbers alone isnt something that you could just simply do.Sustain is the primary concern when you do deal into this market
If you could able to do that then consider that you are doing good but if not then you should try to make adjustments until you do able to reach that goal.
Signals are free but you could actually make your own and its totally dumb if you do pay something for that.

They always think about passive but in reality its hard to achieve the said target since first we need to consider the volatility and second there's no always win on trade. That's why we need to consider the huge risk for doing trades.

I agree with you we don't need to pay those signal groups since this just a waste of money, doing a research is somehow the answer towards our needs on tradings since if we just rely on those self proclaim trading coach then there's no good future for us in future in the long run.

[bL4nkcode]

I agree with you we don't need to pay those signal groups since this just a waste of money, doing a research is somehow the answer towards our needs on tradings since if we just rely on those self proclaim trading coach then there's no good future for us in future in the long run.

Oh, I never thought that there are signals that needed payment, eh, for what? They obviously gain profit already because of the actions of their followers while leaving them behind after their leader reach their target price.

[slaman29]

Normal trading with no leverage on $1000, daily 1% and compounding: almost 6000 after 3 months. $1.3 million after 1 year.

Thats if you do able to sustain that 1% but considering that you are putting your capital on crypto coin and not on usdt or fiat then expect that profit of yours would be mainly affected.

It do really simple as it sounds but maintaining those numbers alone isnt something that you could just simply do.Sustain is the primary concern when you do deal into this market
If you could able to do that then consider that you are doing good but if not then you should try to make adjustments until you do able to reach that goal.
Signals are free but you could actually make your own and its totally dumb if you do pay something for that.

That's my whole point though. Anyone who says they can sell you a signal guaranteed to make 1% a day (and as I said they say this to make them appear a whole lot more "real" than others who claim 5% profits), is lying.

Paying for signals is dumb. Acting on signals alone is even dumber:)

[carlfebz2]

I agree with you we don't need to pay those signal groups since this just a waste of money, doing a research is somehow the answer towards our needs on tradings since if we just rely on those self proclaim trading coach then there's no good future for us in future in the long run.

Oh, I never thought that there are signals that needed payment, eh, for what? They obviously gain profit already because of the actions of their followers while leaving them behind after their leader reach their target price.

Usually this is via subscript or per month basis.

https://elliottwave-forecast.com/trading/best-crypto-signals/
https://medium.com/coinmonks/top-3-telegram-channels-for-crypto-traders-in-2021-8385f4411ff4
https://www.technicaltradingsignals.com/bitcoin-trading-signals
https://stormgain.com/crypto-trading/trading-signals

Groups like these do exist. Dont mind about they are making money because they arent really that real most of the time.

[Thanos01]

if you are new to the cryptocurrency field then signals can help you to gain some money and also to protect your capital if you follow the rules in every signal but never think about buying those signals because for me its not worth it , they share successful signals with their followers in the bull run which is the easy thing to do but they despair in the bearmarket so its a money stealing for me ..

so if you found a good free signals channel then i advise to go for it , otherwise stay away from them man.