Can the signals of Twitter accounts be trusted?

[carlfebz2]

Think about it: can algorithms predict regulations and news in general? No? Exactly. Technical analysis can only work to a certain extent, but it definitely can't pinpoint high-guarantee buy/sell price points.

Precision is what we do all talk because this is something that we can really attain 100% no matter what signals we do get from other people or sources or simply with our own made analysis.

Therefore, i dont really see the worth for someone to trust up others analysis and the worst there are some people who do actually buy and paying up subs just for that purpose which its really that dumb.

I cant trust any analysis out there and it is much worth if you do only follow you own but well getting some idea and dissecting it and applying it on your analysis isnt a bad idea either.

[Darker45]

But I really do not understand how these models of tweets can be scams.
Because they do not receive any money from us at all and only give their own predictions.

Be extra careful. It doesn't mean that since something doesn't ask money from you, at least not yet, it is not a scam or a fraud. There are more than a handful possible scenarios. Just be reminded that these signals are carefully picked to serve whatever motive they have in mind.

For example, it could be a way to promote their premium products or membership in the future, or perhaps they will one day offer paid tutorials or fund management, or perhaps investment opportunities. Because they have already established their name and their signals to be more or less accurate, they have effectively gotten the trust of some users. These users might buy whatever they sell.

Or there is also a possibility they are only promoting certain tokens, or perhaps their ulterior motive is to gather believers so that they could begin to effectively pump and dump or influence the price of a certain token.

Again, there are so many possibilities. The general rule of safety, however, is not to trust them.

[traderethereum]

If you are really serious about understanding crypto,  I don't think signal group is what you should focus on, you should instead devote your time in understanding the space and if possible learning and practicing trading which will help you develop your own opinion and make your decisions, most signal groups are known to be fake so it will be beat you don't take them seriously.

Learning and practising trading will be the best way for people who want to make money from trading without following the signal groups.
We do not have more information about who is people behind in that groups are, whether they are really pro traders who have high skills in trading or just a bunch of people who use the opportunity and get the signal from the other groups and sell it to people.
If they can analyze by themselves, they do not have to depend on that signal groups but they can use the signal for their own benefits.

[bakasabo]

I would not trust twitter account signals, specially to an account OP has showed. This account is just nobody, he has almost no followers. The person behind it can have another account. With first account he would say buy, with second he would say sell. And in the end he will look like a person who predicted correctly.

But in general, dont rely on somebody. Make your own predictions and decisions. Think about why would someone even make such signals. What for? To share profit with others? Do you really believe that someone would really do that to a strangers?

[Taskford]

Nope its not working in the long run since eventhough how good they are as a trader the market still unpredictable and even those good coach who give signals cannot guarantee that you can earn also if you just get that on social media better research more since most of them are just hunting for likes and shares so that they will became popular then maybe in the long run they will ask money for someone who will subscribe their VIP signals given.

[dothebeats]

Some of them are only good for your first few tries, and afterwards become useless since they don't really deliver much to their promise of getting that signal every time. Also, most of those 'signals' that they are sending are just them trying to stimulate the market of a certain coin, and lures you into buying such coins in order for them to take profits from you and them telling you what to do. It's just an upgraded pump and dump group that hides their schemes as 'signals' on twitter in order to gain lots of followers.

I'd use them on a free and trial basis, but only for a few times.

[TheUltraElite]

Usually old accounts with a lot of followers are always in favor of one with a few coins.

The reason why influencers are running rampant and why everyone wants to be one, lies in this. It is very easy to gain trust from people visiting the internet and social media and then use that trust to their advantage.

Do you remember the twitter hack of several celebrities and the donation tweet that came from their accounts? The number of people who feel for that shows that being a kind-natured naive person is like sin today be it real or reel. Be that and you will get scammed by everyone.

If you want to trade, like others have said, learn Fundamental and Technical. Although they are only correct in max 50% cases you get a general idea of how the market works.

There is a market for such signals channels and groups. Newbies who want to make money from trading want someone to spoon-feed them with picks, just like picks for sports betting. In reality, those are manipulated pump and dump groups or bagholders who are shilling their bags. Either way it is a loss for you - you might not realize it from the position you are in, but most users here have already crossed that time and they realize how much of a scam this is.

[Beparanf]

Some of them are only good for your first few tries, and afterwards become useless since they don't really deliver much to their promise of getting that signal every time. Also, most of those 'signals' that they are sending are just them trying to stimulate the market of a certain coin, and lures you into buying such coins in order for them to take profits from you and them telling you what to do. It's just an upgraded pump and dump group that hides their schemes as 'signals' on twitter in order to gain lots of followers.

I'd use them on a free and trial basis, but only for a few times.

I agree on this. Most of this signal group usually early buy a token that forms a bullish pattern on chart then shill it and let other traders see the pattern so that they will FOMO buy on it. Actually this is just a TA a little bit of manipulation to see the pattern. But most of this kind of service on twitter is fake most of the times because they are shilling unusual coin that's not in the spotlight.

I'm not generalising all of them since there are some that proving quality signal because they backed it with a good TA and also they already have a established followers that usually checking there signals.

[Woodie]

One thing I know is that they are a few legit guys that provide genuine signals and the rest are all the same copycats, be it Twitter, telegram or Facebook....they might just be forwarding the works of a different person from a free group and charging others for it which is purely wrong! If you want to subscribe to such groups it's either the owners should give you a trail run and allow people to interact freely ,this way you can't gag people from saying wants on their mind especially in relation to the said signals!

[JohnBitCo]

I do not have much experience in the cryptocurrency market. I try to read different opinions.
To do this, I spent about 4 months checking different Twitter accounts.
Many people just thought of buying at any time, which I did not think was right.
But some of them were very right with little error.
I am writing a few links. Pay attention to their dates and what their writing time is.

https://mobile.twitter.com/predict_price/status/1444042274216808449

https://mobile.twitter.com/predict_price/status/1440595724786278402

https://mobile.twitter.com/predict_price/status/1430445262724599812

What do you think?

I just checked these tweets and found that there are only 15 persons following this twitter handle. Why would anyone trust on this guy and i think this is your own twitter account and you are using this as a way to promote your twitter handle.

Even if this is not yours, even then stay away from twitter / telegram signals and focus on learning.

[Adbitco]

Following signal groups is just like marking your failure in crypto trading, E.g, many always follow MUSK tweet about any project but after a while there seems to be a massive dump. Now as a beginner and you have little knowledge about crypto and you follow such tweet what do you think will be your fate, putting resources and find out all went down to zero.
Things you must not do is;
1. Don't follow any signal group 
2. famous twitter users. 
3. Seeking for the best project to invest
4. How much do you invest

Note in trading or investment always use your spare cash and what you can afford to loose

[magneto]

Hell no.

A lot of my friends tell me to buy a certain coin because it was featured on a youtube channel, a Twitter account, or Reddit.

But the fact is that most of these "signals" are to the benefit of the people who release them. Even the more accurate ones are subject to massive survivorship bias.

[Taskford]

They can just copy paste the other predictions spreading on internet and we should be aware on those kind of signals since in the long run for sure they will offer VIP signals then ask payment to get exclusive access to that features and that is totally bullshit since this is scam which is use for so many times. Better we do our own research since learning tradings by our own research is the most ideal thing we need to do so that we will not get scam or lose when we do trades on volatile market.

[The Cryptovator]

This is the way of advertising faking signal groups in the forum. Either OP is the owner of this Twitter account or he is promoting that. I am really not sure how this kinda twitter signals. There are a ton of accounts providing predictions, some of them sometimes become true and most of them are false. So is that possible to identify who is providing legit signals? I don't think so.

Just I am wondering they should become a millionaire since they know what will happen. Sometimes a few billionaire signals become true somehow like Elon. They are already a billionaire and people follow them and that's the reason we experience an impact on the price.

[Furious 7]

Hell no.

A lot of my friends tell me to buy a certain coin because it was featured on a youtube channel, a Twitter account, or Reddit.

But the fact is that most of these "signals" are to the benefit of the people who release them. Even the more accurate ones are subject to massive survivorship bias.

Many of my friends are too careless with predictive signals, in fact this is made for small pumps and after a slight increase they will sell it then the followers will be trapped and cannot sell because the price is too low, this is like manipulation that continues to be done every time. the group and I think this predictive signal doesn't need to be trusted especially with so few followers on Twitter.

Maybe for those who follow this prediction signal, some people don't want to learn from experience, so they decide to go instant with the signal as an indicator, then this is not a good thing, in fact it will make us more fooled.

[Mkmanik]

You can follow any group or any signal group. But don't try to do trade based on their signal. Try to read their chart, Try to read carefully why is bullish/bearish at any coin. If you can find out those reply Than you can easily take a trade. What I want to say is, Before opening a trade do your own research. Personally, I have joined a lot of signal groups, Never took any trade based on their signal. I tried to read what they are posting, Without a chart, I never tried to take a trade.

I follow some good trade on Twitter, Whenever they are making a post they also add a chart for the trade. Also, there is a TP and SL. This kind of chart is good for me. Because I know where to enter a trade and when I need to cut loss.
My suggestion for OP is, Try to learn TA, Risk management, and fundamental analysis. It will help you more when you are taking a trade. Follow everyone to gain knowledge but never try to copy them blindly.

[stomachgrowls]

Hell no.

A lot of my friends tell me to buy a certain coin because it was featured on a youtube channel, a Twitter account, or Reddit.

But the fact is that most of these "signals" are to the benefit of the people who release them. Even the more accurate ones are subject to massive survivorship bias.

Many of my friends are too careless with predictive signals, in fact this is made for small pumps and after a slight increase they will sell it then the followers will be trapped and cannot sell because the price is too low, this is like manipulation that continues to be done every time. the group and I think this predictive signal doesn't need to be trusted especially with so few followers on Twitter.

Maybe for those who follow this prediction signal, some people don't want to learn from experience, so they decide to go instant with the signal as an indicator, then this is not a good thing, in fact it will make us more fooled.

If you are someone who dont really have much idea on how this market works or simply knowledge towards trading then you would most likely ending up on committing such mistake because you couldnt
able to verify for yourself if the said analysis was right or typically just speculation without any solid basis.

Never ever deal with those low cap coins which it would really be that risky and could really be easily manipulated and you should be careful yet these information could easily
be read up on various mediums or platforms which you should really be that sensible on taking information.

Trust is something thats hard to be given.

[Sanitough]

Never trust a signal online as that is not reliable.

If they know how to be profitable, they don't need to share the signal because they can easily make themselves rich in trading.
you are a newbie, I understand that, but you have to be smart and be clever enough as newbies are usually the victims of scammers in the space, not saying that signals are scams but if you easily believe in them, then most likely you'll easily believe on scams and hypes too.