is it Advisable joining Bitcoin signal group?

[Salahmu]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

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[Oshosondy]

Free signal group, you can join. If they later ask you to pay money or luring you to pay money, leave the group.

If it is a pay signal group, avoid them and do not join. If they can trade and make money from trading, they will not ask anyone to pay.

What people are doing is to look for victims of what they (the scammers ) are not professional at and use it to scam their victims.

[Yogee]

You pretty much answered the question yourself. A lot of signal groups are deceiving while some are legitimate so you just have to be careful which one to pick. I personally prefer saying learn how to trade instead of looking for guidance but that's really tough. There are also some good platforms that offers copy trading and that's one option you could check.

[BD Crypto]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

This topic perfectly belongs to this Trading Discussion board. You may move there or it is probably okey in this board too.

Most of the signal groups are pretend to be scam or offering to Join VIP groups. But some are different and there are some signal groups which have a great wining ratio. We have to remember that it's not possible for anyone to predict and provide signals accurately. But you can choose 1/2 signal groups in your list who provide technical analysis based signals, have risk management, have take profit and stop loss and have the most accuracy.

I will add some more. Don't only depend on these signals even they are too good. After getting a signal try to research by own and visit TradingView site and observe others prediction. Then you decide if you are quite confident about the signal. That will provide you a significant result.

[hugeblack]

Do not join these channels because they are often fraudulent, and then you not only lose your coins, but also help them exploit the large numbers of participants in deceiving more people.
Therefore, by joining these channels, you are helping them to be rich and steal more people, and you are the loser in the end, as you are risking a high-risk investment with certain losses.

So it's a double loss and scam support. Im talking about free or paid groups.

[Latviand]

You pretty much answered the question yourself. A lot of signal groups are deceiving while some are legitimate so you just have to be careful which one to pick. I personally prefer saying learn how to trade instead of looking for guidance but that's really tough. There are also some good platforms that offers copy trading and that's one option you could check.

Or better yet, don't join them because we can always learn how the market works on ourselves, especially if you're active in this forum, you can use this platform to learn more about bitcoin although there's a diversity in opinions and some of them are outright lies so better to be careful but that's another story. Signal groups in my experience, is not that useful especially if you're not active on the platform that they're in but if you are then you can join them, just don't pay for one, that's just one step too far.

[Adbitco]

Be cautious about crypto trading groups and to what so ever they calls them selves as signals group. Although there are some crypto trading group that are legitimate whereby signal are being passed from an insider just as binance or any other exchange out there, such users may have an information about some token that is about to list in their exchange and they may discussed with project owner to know the maximum and minimal amount they would list and if such worker has a group he could post it on his or her group asking his subscriber to get ready for a list of token "A" and if they got signal very correct they stand in a better chance to buy cheap and hold for the next few months when they planned for to price to reach some certain high.

Most at times people do create fake group to impersonate the original group and most likely sharing the same information as the original group, those people who does that are insider who already belong to the crypto trade signal group.

[_act_]

Or better yet, don't join them because we can always learn how the market works on ourselves, especially if you're active in this forum, you can use this platform to learn more about bitcoin although there's a diversity in opinions and some of them are outright lies so better to be careful but that's another story. Signal groups in my experience, is not that useful especially if you're not active on the platform that they're in but if you are then you can join them, just don't pay for one, that's just one step too far.

It is more than to be active on this forum but it is part of it because we talk also about the time to buy. But if you want to be good and know more about bitcoin signal, you have to follow some people and organizations on Twitter and to be active on Reddit, you have to learn about the technical analysis and also the fundamental analysis. You have to learn about the fundamental analysis about what could affect the price of bitcoin. What I am looking forward to now is bitcoin spot ETF and 2024 halving.

[ajiz138]

There are many bitcoin signal channels including other altcoin trading, from free signals that are publicized and VIP paid ones that are more private but I never recommend joining let alone paying quite a lot of money they try to create new schemes when many communities join.

They do screenshots where the signal has successfully generated he tries to seduce you to join of course for beginners who do not know what will be tempted especially not thinking about analysis and what they do is buy at a certain price and sell at a certain price but I'm not sure it will all work but what they show is profit while losses are never published.

If you don't believe in any signals then don't join, you can do it yourself with your own skills.

[passwordnow]

As long as there's no money involved and you're joining for free. But to tell you the truth, most of these trading and signals groups will ask you for money for their "premium" service and signals. And also, they're going to shill some coins to you at the top level wherein they'll going to give you obligation that you have to do whatever they do. The forum is more than enough from these groups and you can ask anything related to bitcoin, trading and all other stuff that you're interested with. Just ask it on or search on the respective sections.

[Hispo]

To be honest with you, I would avoid to join most of groups that are about cryptocurrency, specially if those are in Discord or Telegram, even if some of them are useful and offer information, news and even promotions; it is just matter of time before an horde of scammers appear and start to try to fish you and scam you.

It is something which even moderators cannot deal with, because the massive volume of scammers. It has happened to me before, I joined some groups and then strangers started to talk to me, tried to lure me into some high yield "business" and there was an occasion someone impersonated the admin of the group in order to steal my private keys. Just avoid them and set your PM accordingly.

[CageMabok]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

Unfortunately I don't often trade full time due to other jobs around my own circle but if you are an average trader and not very professional with the bigger trades. Of course there is a lot of knowledge that you still need to know and I think this is not only related to a signal from a group even though you say that not all signals from a group are wrong. But try to see from some of the signals they give through the group, are there more wrong or more right?

I'm sure there aren't many correct signals through any group because some of them just rely on instinct and guesses based on experience in the past, while for sure there will always be more misses than what they expected. So you also don't need to be fully guided by the signals they give in certain groups even though they have shown the evidence and you yourself need more knowledge about trading matters. Because not always the direction of the trading signal can be the same as before in the market.

[Aanuoluwatofunmi]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not

I will leave you with these few tips to always take a look at when receiving invitation for joining a signal group or platform for your bitcoin trading experience.

1. Know the kind of people you deals with for them to have offer you the advice of joining their own group for signal, can you trust them to that extent.

2. If you joined, carefully understand the things they are posting there on the group and if it does not tally with the main aim for joining the you should exit

3. Using a trading indicator or signals is not a guaranteed means to having a perfect result, it only helps towards having a desired research or findings.

4. Don't make deals on the platform with them for buying anything from them to facilitate your trading experience, without the group you can learn trading and be good at it if you give it time.

Please i will advise that you move this thread to trading discussion board which is best fit in for this discussion.

[Cantsay]

~~~
So what do you guys think, let's share knowledge.

Most times those signal channel start off as a free signal channel but as time goes on they'll surely ask you to pay some certain amount to be added to the vip group which could just be a means of scamming you...

I would like you to take your time to leave how the market works, learning how to read the market properly would be much better than relying on the signal of a stranger who never shares his/her losses. Just sacrifice your time to learn more about trading and trust me when you finally get a hold of how everything works you will never regret learning it yourself.

[bussybuddy]

IMO, signal groups are just a place to consult and compare your opinions, and it should not be the reason for people to make decisions. I also know of many groups that try to attract users and pump/dump some cryptos, actually through as many groups as I understand the nature of each type more, users are simply tools for them to achieve their goals. destination. As for the places that actually share knowledge, they are usually quite picky because as what they give and advise us is always quite harsh, I also feel quite happy to see some groups warn of scam signals in this space, and sometimes seeing the dramas they assign about crypto trends and doing my own research, it gives me a lot of tools to research this market.

[tbct_mt2]

No free lunch theorem. There is no free lunch, remember that and you will figure out facts behind free signal groups.

They do not charge you any joining fee initially but they will steal your money by giving you some signals and make you excited, greedy to buy up tokens for them to take profit.

Paid groups can be scam too. They can be other versions of free signal groups but try to double scam you with joining fee. Very few paid signal groups are legit and good but you must pay ridiculous expensive joining fee. I am sure you will not be able to join those groups if you are not rich and have big capital.

You can use your money to buy a membership from on-chain metrics websites like Glassnode https://studio.glassnode.com/pricing

Glassnode Insights has weekly free reports to read https://insights.glassnode.com/

[cryptoaddictchie]

So what do you guys think, let's share knowledge.

I thinks its fine as long as you benefited from it. Well i cant say paid signal group is baf but some of them have reputation to exploit money but not giving enough results or gains to subscribers. Plus there is no guaranteed of a win, so basically you just joined to learn and see how they given up signal for a possible or chance to win a market trade. But isnt that like a prediction which you relie on someone? Learning trading isnt easy at all and time consuming so there are groups like this. But please be reminded that theres also chance of losing on these signals.

[Jawhead999]

If those signal group can make money, they wouldn't want to create a channel where they give a way to make other people make money too. Human is selfish, if you have find a good job that is easy and you make a lot money, do you will introduce it to your friend?

Don't think making money in Bitcoin is easy and instant, it's better for you to learn a new skill to get a good job and invest the money in Bitcoin for long time.

[Dave1]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

It's really hard to join any group though, not just bitcoin trading signal group. I mean you don't know who are the admin or the people behind. Maybe they will just pretend that they have the knowledge, but in the end they are just like the rest of us here, making wild and educated guess.

So fo me, it doesn't make sense to join. But still though, it's up to you, it's your money anyways that are going to be burn. So just be careful and maybe if you want then you might as well go with free signal trading group first.

[Minecache]

So what do you guys think, let's share knowledge.

I don't completely hate groups of trading signals, as we can also use them for reference and comparison with our analysis and judgment. But never completely trust them because we should know that it is all speculation and can be right or wrong. They are just like us, it's all guesswork, and nothing is 100% guaranteed.

If they give you a free signal then you can give it a try, as we have nothing to lose, but if it is a paid group, you don't need to think much and stay away from them immediately. Don't waste too much time looking for those groups, instead, take the time to learn everything independently.

[rikybrosh]

I think it is okay to join such group but don't 100% believe anything that you get from that group. it will be better if you can analyze the market by yourself so you can get better position in trading. I am not an expert in trading but maybe some altcoins market are manipulated by some group, if you trade with small capital just follow the market. but if you talk about bitcoin, I am not sure if this market is easily manipulated anymore. Today in my local exchange bitcoin price volatility is about 1,6% its only happen in less then 24 hours. in my opinion if you do daily trading then you don't really need that signal group as long as you do the technical analysis.

[Eternad]

It depends on what kind of signal group you are joining. Some signal group post only a buy signal price on Bitcoin without explaining why and doesn’t backed by analysis on how they come up with that prediction.

On the other hand, There’s Bitcoin channel that provides news both good and bad. They usually post a signal that backed with technical and fundamental analysis which is logical call for the current situation. The problem is most of the Bitcoin signal on telegram are scam that makes joining on this services a big no if you didn’t know how to distinguish legit signal group.

[NotATether]

Free signal group, you can join. If they later ask you to pay money or luring you to pay money, leave the group.

If it is a pay signal group, avoid them and do not join. If they can trade and make money from trading, they will not ask anyone to pay.

What people are doing is to look for victims of what they (the scammers ) are not professional at and use it to scam their victims.

Do not forget that there are many, many scammers who join crypto groups and investment groups and collect the usernames of all the participants to send scam messages (usually starting with "Hello"), so if you see any strange messages after joining any crypto group on social media, you know what to do: block the offending user and report them to the platform administrators. They're even on wallet dev channels.

[michellee]

If you want to use signals from trading groups, you must find the right group. But I think it's difficult because so many trading groups will claim they are the best. Some groups must pay a subscription fee to get trading signals from them.

But we will never know which group of trading signals are truly experts in trading. So you should be careful because many scammers already target you when you join a certain trading group. You should learn about trading from many sources so you don't need their signals because you can find the right coin to trade with.

And if you want to buy Bitcoin, I suggest buying at a low price or using the DCA method. That's the better thing to do if you don't have time to learn to trade.

[Z390]

Not always, most that I have experienced are using this for their own benefits, but that's for other coins besides Bitcoin, but I still don't like it, way better if you can just look for a professional trader and buy his strategy course with trading tools available, I have seen few friends that are into traders doing this instead of going too deep into trading by learning everything about trading.

It makes not much sense to join Bitcoin signal group, it's lot better to get the right trading equipment yourself and do your trading base on your understanding, in time you will get better with trading instead of relying on trading signals.

[Zaguru12]

I think it is okay to join such group but don't 100% believe anything that you get from that group. it will be better if you can analyze the market by yourself so you can get better position in trading. I am not an expert in trading but maybe some altcoins market are manipulated by some group, if you trade with small capital just follow the market. but if you talk about bitcoin, I am not sure if this market is easily manipulated anymore. Today in my local exchange bitcoin price volatility is about 1,6% its only happen in less then 24 hours. in my opinion if you do daily trading then you don't really need that signal group as long as you do the technical analysis.

Most of the signal trading platforms are actually based on altcoins, especially the scam ones. Bitcoin trading isn’t that easily manipulative like in altcoins. The best thing to do aside learning it your way is to join a group of friends who have more knowledge and experience than you then you learn from their own tips but not necessarily copy trading. Reading through there strategies might actually help you to understand trading faster but that is if your friends are actually going to genuinely help you.

The general signal groups one joins are mostly baits to lure you into investing in some pump and dump coins. When they see a rise increase they would withdraw their funds and leave you in with worthless shit coins/tokens, this is common in free trading groups. As for the ones that charge for subscription, I would advise one to run away from them.

[Natalim]

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

What do you think is right - they can't be trusted. And base on what you observed, they are useless groups and just taking advantage of newbies for their innocence. There is no reason why we have to keep them and follow their fake signals, perhaps, they are fooling us for their greediness and scammy activities. That is why I'd never encourage anyone to join them even if they are free because honestly, it was not totally free, and later on, they will ask you for some money. It was a trick and we don't let this kind of activities to continue.

[CryptSafe]

Truly I do not really give thoughts to most of all these trading signal groups because most of them are just fake and does not really reflect what trading is all about. Just as you have said, some of them copy signals from other groups they are not sure of just to entice and convince others to hold unto and demanding for fee it.

However, the so called Crypto trading signal groups sometimes project scams luring their members to buy it when in the real sense they know what they are doing but because of greed and selfishness, they take some commission an deceive their group members to trading of such scam shitcoin. I have had such experience. I lost funds heavily so I know how it feels. OP I would advise you to take care while joining them and do your own research and findings to be on a safe side.

[WatChe]

I think it is okay to join such group but don't 100% believe anything that you get from that group. it will be better if you can analyze the market by yourself so you can get better position in trading. I am not an expert in trading but maybe some altcoins market are manipulated by some group, if you trade with small capital just follow the market. but if you talk about bitcoin, I am not sure if this market is easily manipulated anymore. Today in my local exchange bitcoin price volatility is about 1,6% its only happen in less then 24 hours. in my opinion if you do daily trading then you don't really need that signal group as long as you do the technical analysis.

For me its a big NO for signalling group. You can only join it to get an idea about coins but never follow there advice to buy or sell any coin. There are lots of stories you can find here about people losing there money to these groups. The other dark side is that you not only lose money but you also don't learn anything for future trading. If you take steps on your own either you win or learn something. I recommend everyone to go for long term investment and only invest small amount of capital for day trading. For long term trading you don't need any expert advice.

[kryptqnick]

I wouldn't waste time on that. Some traders are good, but they can also make mistakes. But while they can afford to make big mistakes, their followers might not be so lucky. Also, there can be impostors making their own groups to scam people. Joining a group requires analysing how fair it is, how successful, how transparent, etc. It can also cost money, of course, which is another risk. Trading is tricky, and one can try to experiment with it or simply hodl till Bitcoin grows. The latter is safer and easier, and I don't trust any groups to follow their suggestions.

[Queentoshi]

So what do you guys think, let's share knowledge.

It will be difficult to get sincere signal groups that will never develop into signal groups that will ask you for money or a fees to remain members in the group, and some signal groups can start out as genuine and later decide to abuse the trust of the people in the group that they have gained and manipulate them for personal reasons. It is good to learn how not to need to depend on others for signal especially after you are not new. Join a signal group if you can find a genuine one, but do not plan on staying there.

[Kryptowerk]

No free lunch theorem. There is no free lunch, remember that and you will figure out facts behind free signal groups.

They do not charge you any joining fee initially but they will steal your money by giving you some signals and make you excited, greedy to buy up tokens for them to take profit.

Paid groups can be scam too. They can be other versions of free signal groups but try to double scam you with joining fee. Very few paid signal groups are legit and good but you must pay ridiculous expensive joining fee. I am sure you will not be able to join those groups if you are not rich and have big capital.

You can use your money to buy a membership from on-chain metrics websites like Glassnode https://studio.glassnode.com/pricing

Glassnode Insights has weekly free reports to read https://insights.glassnode.com/

<- What he said. Everything you need to know.

If you like the thrill of "investing at the right time" you can also support your local fortune teller instead.
I am talking about Bitcoin signals. Unless the group is connected with mega-whales (very very very unlikely), they will not have an effect on the market price.

If they are giving signals for shitcoins/tokens, yes, they might "predict" some mega jumps/pumps correctly. The reason being, these markets can be easily manipulated with small amounts of funds. That does not mean it will be a profitable endeavour for you, though. The only ones profiting from the pump will be the owners of such a group, the signal makers.

Just stay away from this type of stupid scam-game and HODL.

[fuguebtc]

It depends on what kind of signal group you are joining. Some signal group post only a buy signal price on Bitcoin without explaining why and doesn’t backed by analysis on how they come up with that prediction.

On the other hand, There’s Bitcoin channel that provides news both good and bad. They usually post a signal that backed with technical and fundamental analysis which is logical call for the current situation. The problem is most of the Bitcoin signal on telegram are scam that makes joining on this services a big no if you didn’t know how to distinguish legit signal group.

Not all signal groups are scams and also many signal groups provide very detailed analysis but there is nothing better than letting us learn everything on our own and come up with our own analysis. Because if we depend on those groups of signals and suddenly one day they stop working, we will become more passive than ever. There is nothing better than arming yourself with knowledge and doing things on your own without having to depend on anyone.

[Oneandpure]

I don't completely hate groups of trading signals, as we can also use them for reference and comparison with our analysis and judgment. But never completely trust them because we should know that it is all speculation and can be right or wrong. They are just like us, it's all guesswork, and nothing is 100% guaranteed.

If they give you a free signal then you can give it a try, as we have nothing to lose, but if it is a paid group, you don't need to think much and stay away from them immediately. Don't waste too much time looking for those groups, instead, take the time to learn everything independently.

Agree with you dude, there are not guarantee 100% with signal group accurate when predicting some coins price later and I don't interested for joining with Bitcoin signal paid group. But if free for joining could be our reference and make ow research about their coins recommended.  Actually many trader want to join Bitcoin signal group because they want entry on some coins recommended without have to analyze, but many time all coins recommended although from paid group not accurate and they are sharing after some coins raise to higher price above 10%. In this position difficult to earn profit when coins have been up above 10% and here paid bitcoin signal group could make us loss in trading due all coins recommended have been up.

[someone703]

I find that the problem is still with us, if we are aware of the knowledge for any field, participating in anything and seeing them as a tool of discussion can be beneficial. useful, but it is also important to review some groups of signals that only provide bewildering analysis that creates short-term and long-term trends in investment behavior.
There are some groups that I realize they even completely copy information from other places and ask for a fee to join vip groups, it's like a form of MLM, and such things should be avoided.
It's always best to dyor.

[CryptSafe]

So what do you guys think, let's share knowledge.

It will be difficult to get sincere signal groups that will never develop into signal groups that will ask you for money or a fees to remain members in the group, and some signal groups can start out as genuine and later decide to abuse the trust of the people in the group that they have gained and manipulate them for personal reasons. It is good to learn how not to need to depend on others for signal especially after you are not new. Join a signal group if you can find a genuine one, but do not plan on staying there.

Just as oshosondy has said most signal groups are fake. If they are genuine and are using the same signal to trade and making profits, why demanding for signal and subscription fee which is absurd. I have joined many signal groups and I leave as soon as I start hearing the talk or post of paying for signal fee which is not good. I have had a situation where an admin pmed me from one of the signal groups demanding I pay my fee as a member to maintain my stay and continue getting signal I didn't waste my time blocking the scammer.

On a normal, they start that way as you have said then gradually they begin to deviate to another thing which is not the full. After that, they begin demand for fees before getting signal or putting you in a VIP session.

[retreat]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

There's nothing wrong with joining a signal group, sometimes you need to try once in a while to get in there and try their signal. I've joined signal groups several times and tried their signals, well I can say that it's not worth it at all, it's better for me to analyze it myself, but some say that it's pretty good, but it depends on which group you join. Usually the more expensive the subscription, the better the signal, but I don't believe that's because the crypto market is more difficult to predict and there is no guarantee that when you pay you will get good signals. But you can try to join the free signal group, who knows you have a different experience, but in my opinion it's not worth it.

[Woodie]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

First off you have given us the answer why not to believe or join these signal groups!

Secondly, if the the signal group is a paid one, believe it or not the owners of such a group are cashing in on the subscriptions even before they provide a service, and nobody will hold them accountable should you lose money as they too have disclaimers of risk involved with trading and what not.

So when it comes to signal groups, you are better off learning the art yourself and not be dependent on others!!

[electronicash]

since you have seen that their signal didn't show the market reality and it moves opposite direction instead then the group is just toying with you. i was surprised also back in the days when they are common and asking a subscription fee.

i used to receive PM from one user in bitcointalk about some altcoins they are going to pump. i don't see him anymore but at that time, he often stays on the XRP thread.

[xSkylarx]

As long as it is free, then nothing is wrong with it. You just see and observe what they are doing and don't get affected by their results because they always show off that they are earning huge amounts, and the next step they will take is open another group that is like a VIP group, which again will attract newbies to join and pay a fee. It is not really useful when it comes to this, which is why it is better to rely on yourself than those signal groups, as they are just after your money and they ain't successful.

[Lorence.xD]

Of course it's advisable only to legit signal group. Because to be honest, in these kind of signal groups there's a lot of scammer where some of them are accomplices so they could easily manipulate you to give them some money. These signals group are not actually should be relied all of your decisions but for you to have second opinion or thoughts whether when to enter the market or when you will bounce. You could also found another alternatives techniques and skills since you have other's people idea on the group. If you're lucky to find a good group, because they might sound convincing but you will never know if they are legit or not, only if they asked you money or sending you shts like link that might be a drainer.

[BITCOIN4X]

The trading signal group doesn't really matter if you are a long term holder, but if you are a day trader then definitely a trading group like that is what you need. You can join groups for free, while you can also become a paid member. But so far I tend to try to become an independent trader by making my own analysis rather than relying on the analysis of other people.

After all, group trading can be the reason why you lose and miss opportunities, it's because basically the market will not be easy to predict. If I were you I wouldn't need a trading group because my interest in bitcoin is as an investment, not day trading.

[Zanab247]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

well, sometimes people make mistakes for other people to learn lesson, so that they will do everything possible within their power to acquire crypto knowledge to know when to buy and sell than looking for group signal to join to know the right time to buy and sell which is not advisable. I believe, you will not join crypto group signal because you sound like someone that is planning to join to know if someone can profits all the time or not, I will advise you not to join so that it will not master you and it will not allow you to learn than to make you focus on the signal group on the time.

[cheezcarls]

Legit or not these so-called signal groups are not going to give you any promises or guarantees about the accuracy of their predictions.

I've already given up on these signals a long time ago. Been there done that and I have learned my lesson. Although I did win a few times but most of the time I've lost.

It's much better for you to self-learn in analyzing charts, candlesticks, etc.

[tbct_mt2]

Legit or not these so-called signal groups are not going to give you any promises or guarantees about the accuracy of their predictions.

They can promise or not but you can not knock their doors and ask them to cover your loses as they will have many reasons to say sorry and reject to pay you or they can simply don't answer your request.

I've already given up on these signals a long time ago. Been there done that and I have learned my lesson. Although I did win a few times but most of the time I've lost.

It's much better for you to self-learn in analyzing charts, candlesticks, etc.

Being independent in thinking for investment or trading is better than rely on signal groups and thinking of others. It is your money and you can not trust anyone.

Win or lose, if you believe in their signals, you have to enjoy whatever results, profit or loss.

Sometimes you even do not know who are group owner, founder and operator.

[MAAManda]

So what do you guys think, let's share knowledge.

My advice is that you should consider doing research or checking the bitcoin signal group before joining, check their track record, reputation, and most importantly check the positive and negative reviews from other people or members.

If you find a lot of negative reviews, then you should not follow, or join in the group. And also note that the bitcoin signal group isn't one hundred percent accurate, so you need to be willing to take risks.

[Davidvictorson]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.
 

Since you have asked the question here it shows that you are not comfortable with joining the signal group. Personally, I do not care whether it is free or paid for just follow your instincts.
While there are scammers out there who will lure you in with free signals groups, there are also paid groups where they give you value for your money. And one of the things I have learned about paying to learn is that you are more likely to take if serious because you have already committed yourself than the unserious attitude one would have if it were free. Above please follow your instincts.

[SatoPrincess]

So what do you guys think, let's share knowledge.

There are more scam groups than legit signal groups on telegram. I would not recommend using signal groups if you are new to trading, experienced traders who already understand the rudiments of trading can utilize trading signals from these groups and compare it to their own trade analysis before opening a trade. It’s more risky for newbies because they do not know better and will copy a trade and sometimes may not put a stop-loss causing them to lose their funds if the trade goes bad.

[kaseygriffin]

IMO, don't join and depend on channels or signals, some places about news I really find it useful but just giving a price point of view it is a dangerous place for those novices who are inexperienced and are easily attracted by profits. I also heard about some signal groups that require a fee to join and they are assigned to buy coins at a certain price and wait for the pump, actually if it takes long they will mostly experience a lot of loss rather than getting a profit. It is important to take care of everything in this market, let's not let anyone manipulate our investment.

[Yatsan]

Well, it is if you are not that knowledgeable about this industry. You may use it to gain more knowledge basically but it will never be advisable to be dependent of those signals. Signals are simply biased opinion of how will the market behave on a particular timeframe, at the end of the day no one is certain of it. Patterns are indeed useful but nothing will happen in a consistent manner because of natural market price volatility in this blockchain. So to sum it up, group signal can be useful dependinv on how would you utilize it. If you are with a false knowledge that everything would be following those signals, then you should consider thinking more than what you are supposed to. Atleast have your own decision for your own good.

[SOKO-DEKE]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

The cryptocurrency industry is full of scammers, and scammers are at any angle looking for someone to scam. So I will advise you to be cautious of any actions you take in the crypto industry by relying on any sources, especially in this case of looking for a signal group. I can't say that there are no legit signal groups, but I seriously know that nothing legit in the cryptocurrency market until you win. So with that, I have confidence that all those signal groups are also trying by error because they can't continue to be accurate all the time,so I will advise you not to go for any signal group; if not, you may easily lose your funds there.
 
So it is better we learn everything about trading and do some research on our own so we can depend on our knowledge, and I think that will really be good for us. Relying on someone's knowledge and skills in trading may be bad, but when someone has their own knowledge and skills and depends on it, it may really be better.

[tjtonmoy]

So what do you guys think, let's share knowledge.

If they are so profitable and can make that much money, why do they need to share it with others? And why do they charge you fees? If they are that much successful, they can make their own money. This is where it looks sketchy as hell. They are not sure whether it will be successful or not. So they use other people to check their predictions.

Also if it's not a Bitcoin trading signal group, most likely they are 100% scams. Any centralized crypto signals are scams. They will use their own money to pump the price, then they will give out a signal saying that it will pump more. When people buy it, the price pumps more. Then all they do is sell their own holdings. It's a pump-and-dump scheme.

Not all the signal groups about Bitcoin are legit. Some are and the rest is scams. So if you really want to be the best and be successful, learn it yourself. You should be the one making the call. If you are not confident enough, just try with small amounts. Trials-and-error is the best method in my opinion. So do it yourself. It will bring out the best.

[CryptSafe]

As long as it is free, then nothing is wrong with it. You just see and observe what they are doing and don't get affected by their results because they always show off that they are earning huge amounts, and the next step they will take is open another group that is like a VIP group, which again will attract newbies to join and pay a fee. It is not really useful when it comes to this, which is why it is better to rely on yourself than those signal groups, as they are just after your money and they ain't successful.

Joining free is how they start mate. They tell you the signals are for free and then you join after that they you join and possibly others too, they start giving signals which sometimes seems unrealistic and sometimes just a peanut profit and before you know they deviate to making an option for members to join their vip group with uninterrupted trading signals then they start give fake and scam projects scamming people of their hard earned resources. One just needs to be extremely careful the kind of Crypto signal groups they join so as not to get scammed.

[panganib999]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

Doesn't hurt to. I've found some of my closest friends in signal group too so it's something that I really recommend. It's a big plus if they are a signal + airdrop group too, which gives you not only signals for which assets to buy, but announcements for big airdrops you can join so you could grab some free tokens along the way. One thing that I would just like you to advice avoiding is the existence of signal groups that require you to pay first in order to be allowed to join. You'd get free signals from something and no matter how great they sell you their services by saying words like "we're using a complicated algorithm bot to check the market for us" or "we lost only 10% of our calls" steer away from them. Signals aren't supposed to be something you should outright follow, but something that would help you make weighted decisions as you're trading. If it came to a point where they are saying something along those lines, jump ship and find a different signal group.

[imamusma]

I don't own the trading signal group, but I thought you might. I just think not all traders need a trading signal group if they can afford to do own analysis, but maybe some people are so much they might be willing to be a premium member paying admin for the signals. Of course there is nothing wrong to join such a group, but it also depends on what plan you have about trading.

If you ask me if I will join a trading signal group, then I will 100% say no. I don't like making other people's predictions my financial advice especially on investing, it will only make my knowledge and ability to analyze the market duller than before. It's up to you to join, but I'm sure you probably won't always need it.

[Oshosondy]

Do not forget that there are many, many scammers who join crypto groups and investment groups and collect the usernames of all the participants to send scam messages (usually starting with "Hello"), so if you see any strange messages after joining any crypto group on social media, you know what to do: block the offending user and report them to the platform administrators. They're even on wallet dev channels.

That is true. It is even beyong signal groups becuase it can be any group on the social media. I have noticed this in this social app called telegram, you will join a group and not long after, or after some days, you will see scammers chatting with you and they know you through the group that you joined. Anyone that is involved in anything about cryptocurrencies and joining groups and registering with emails, they should expect phishing attacks which can easily be noticeable and avoided.

[Mate2237]

I will only advise you to join if you know someone in the group or he person who taught you trading is also in the group then I you can join to get signal and trade. If not mate don't join, you will end up for been scammed. Though joining a trading signal group is one of the best way to learn trading. Through there you can learn more on different signals that you need to know for perfect trading. But not all the groups are legit.

Some are out there to scam. And one thing I will tell you is, when you join and you don't know anyone there and they ask you to pay, don't pay , they will use your money and close the group or remove you from the group. We have seen/heard many issues like that.

[The Cryptovator]

I don't recommend subscribing to a paid signal group for crypto trading. Based on my experience, such groups have proven to be ineffective. Initially, I joined a paid signal group, only to find it to be disappointing. They would showcase a few successful trades in a public group to entice people to join their private paid signal group. However, the paid group turned out to be unreliable and unhelpful. They would simply provide their own analyses without any guarantee of accuracy. Their predictions were vague, suggesting that prices would either rise or fall from a particular zone. This type of call is far from perfect. I advise you to steer clear of paid signal groups and instead consider joining free groups. While these groups may not provide trading signals, they can offer quick updates and information about the crypto market.

[acroman08]

Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

personally, I wouldn't recommend joining a signal group but seeing the last part of your thread, do what is comfortable for you. I am a little too cautious to join signal groups and entrust my decisions that involve money to other people. I would be better off learning how to trade and bare responsible for all the decisions that I will make when trading.

[omgitsmehehe]

I will only advise you to join if you know someone in the group or he person who taught you trading is also in the group then I you can join to get signal and trade. If not mate don't join, you will end up for been scammed. Though joining a trading signal group is one of the best way to learn trading. Through there you can learn more on different signals that you need to know for perfect trading. But not all the groups are legit.

Some are out there to scam. And one thing I will tell you is, when you join and you don't know anyone there and they ask you to pay, don't pay , they will use your money and close the group or remove you from the group. We have seen/heard many issues like that.

Learning before investing in the market, that's a solid activity. The best thing to avoid any issues is to be on our own, everything should be carried out by ourselves and strategy. We can't denied the fact that there are numerous scams in the system, we need to make good use of our initiative inother to prevent been victims of scams. Joining legit bitcoin groups for signals, is a good plan but these groups are not free, payment for these signals are made mandatory and it's not all the time one would record profits, sometimes the losses will surpassed the profits made.

[Viscore]

Free signal group, you can join. If they later ask you to pay money or luring you to pay money, leave the group.

If it is a pay signal group, avoid them and do not join. If they can trade and make money from trading, they will not ask anyone to pay.

What people are doing is to look for victims of what they (the scammers ) are not professional at and use it to scam their victims.

Joining bitcoin signal group is an advantage especially if there is no payment required from the start until the end. If it’s just a pure signal group without any intention to scam a member, then it’s for keeps. However, if you see red flags in there the moment you set in, then avoid it at all cost. Signal groups can be helpful, but it can also be a reason you lost another opportunity to profit with bitcoin.

[Rengga Jati]

Whether it's free or paid signal group for trading actually can't be 100% accurate. The difference is that when you join a paid signal group you will get more signals every day, with clearer details. I honestly have followed both. but when it comes to effectiveness, it's coming back to us. because a signal is still a signal, it won't be 100% correct. Because after all, we also have to analyze what the market possibilities are. So, this signal should be used as an additional tool for consideration when wanting to enter. Because when we get a signal, we not only get what coins we need to install, but also related to margin, opening short or long positions, and the possibility of entry and take profits. So this is where our efforts must also exist, namely aligning and analyzing the signal whether it is really appropriate or not, then we also need to analyze whether we are at the right time or it is too late to use the signal. If we just use it carelessly, then this will actually ended up losing.

[Wimex]

Some time ago I also dabbled in these groups. My experience was quite bad, really, since you had to invest very large amounts of BItcoin to be able to earn something, and basically the small investment tended to lose, I must clarify that my investment was made for the first time in one of these groups, it was 300 dollars, at the time of the warning of the signals to operate I ended up losing more than I was earning, I had a vision of % winning % losing that was very out of line with my capital... simply the first few times I ended up losing 50 dollars, that It is what frustrated me a lot and I did not continue, although I continued doing an analysis of the signals to know what would have happened if I continued... I noticed that if I continued I was going to continue losing

However, some time later I tried again with a group of signals, this second time I tried it with 500 dollars and you had to pay 60 dollars to enter the group of VIP signals, what I did at the beginning was fine, they were not very large amounts of profit but it was something... However, in a matter of weeks everything became very unfavorable for my investment, I ended up losing more and wanted to stop, I questioned myself and decided better to learn about trading on my own and the truth is the best you can do. .did not trust signal groups.

[nurilham]

It is no problem to join signal group as long as you don't rely on them in determining your decision whether for buying or selling. Always do your own analysis before buying or selling any crypto coin, it is the best way to do. In signal groups, there are too many people who share random information about crypto coins, most of them aren't proven and very difficult to trust. There are some people on the group that try to make a hype on some coins, so they share good signal about them. Finally, some people can be the victims, they are trapped on shitcoins. So, you must have the ability to do own analysis. If you still have less knowledge, you must improve your knowledge!

[Botnake]

I have no against with joining a bitcoin signal group as long as it’s free. It could be your guide especially if you’re new to bitcoin. But once the group ask for donation or payment, then it’s never a good and reliable group actually. Just leave the group before you will be force to pay, and before scamming takes place in the group.

[|MINER|]

~snip~
So what do you guys think, let's share knowledge.

I have these type of groups many time, and yes some times I saw that trades matched their signals but most of the cases went wrong. I don't know what type of group you are suggest to join. But always remember that what you are going to invest that is your money and they don't need to take any responsibility so paid or none paid my suggestion will be always refain from that type group. and always learn your seft for trading the go for investment. And if you are a beginner then you can make investments in bitcoin for the long-run, it can be easiest way to make some good profit to newbies on trading.

[flyingcarpet]

So what do you guys think, let's share knowledge.

There are many entities that define themselves as signal groups. But most of them are fake. You need to pay attention. Most signal groups receive information from each other. They are almost like copies of each other.

You can improve yourself in technical analysis. I avoid joining such groups as it can be very misleading. I think it's best to focus on personal development methods.

[Fatunad]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

As long it would really be that free and you arent paying up something like subscription or vip fees then it should be fine. You could always be able to check out whether those signals and analysis is really worth
to check out or see on because joining up these groups arent always mean to be shit or useless because this is also a good way on making yourself learn on how others been making out their analysis too on
which you could be able to apply it out on your own which i dont see for it to be a bad thing. You should really be that versatile and open minded when it comes to these situations which learning up something
whether on your own methods and learning up something came from other sources.

Doesnt matter on which way as long you do take advantage and make yourself way more knowledgeable and able to enhance skills then this would matter most of the time. Just stick into that principle
that there's no such group that could give out good results or being that profitable constantly. Market is unpredictable and this is why its really impossible for such claims.

[Fivestar4everMVP]

Too late maybe, but then, this topic do not belong here, it should have been posted in the trading discussion board, but then again, with the discussion already spanning more than 4 pages, i guess it's too late to move...

Anyways, there are thousands signal groups, in other words, pump groups, but like I will always say, 99.9 percent of them all are scam, most especially group and channels on telegram, also known as telescam, the den of scammers, I personally on my own might decide to join a signal group, but I will never pay a dime for it, and I also will never buy or invest in a coin without doing my own personal research.

[Lida93]

Before joining any signal group ask yourself few questions. Is it a genuine and reliable signal group? How long have they been in the crypto business and are there reviews about them? And what does those reviews says?  Better still, why not take time to learn and be knowledgeable about what those people you may be relying on for signals knows. For you may even end up better than they are if you learn on how to be doing your analysis yourself.
Wether you rely on signals from groups or you do your own analysis and learn from it, in both you'll still lose money but it will be more advantageous to you as you learn and make mistakes cause those mistakes is part of what would build your experience to have specialty than continuously relying on groups for signals that re always 99% shits.

[romero121]

Everything is much focused on money making. Whenever I come across signal providing groups that have premium to be paid there used to have a thought why this guy is selling the signals, why can't he use and make himself rich. With trading it is always good to learning more things about the market is really interesting.

Trading have got some sort of risk associated with bitcoin price movement. When someone is good, automatically there'll be better understanding about the market movement and support request.

[TribalBob]

I don't think it's recommended, but if you need it why don't you join the community. there are many bitcoin signal community. but I personally look for free ones not paid ones because it's the same we still have to make our own decisions to go into buying or selling the btc that we have

[Fullcoinese]

So what do you guys think, let's share knowledge.

actually a group like that can help us make references and add to our knowledge besides studying and doing our own analysis. but nowadays there are many scam groups and if we don't have basic knowledge it will be very difficult to know and distinguish.
if the group is paid, it's better not to join. if the group is free we can join as long as we don't blindly believe what they share, it's better to do the analysis yourself.
but in my opinion if we have no knowledge at all then it is not recommended to join any signal group because there is no guarantee that they are not scammers or scammers. regardless the signal group is free or paid.

[Ale88]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

Some groups can be interesting and you can actually learn something from others but, as other users already pointed out, if they ask for money just forget about it, usually they make money thanks to the subscription system, trading is secondary for them. Don't forget that on average 85 to 90% of traders lose money, it takes a lot of skills and experience to be in that top 10%.

[Sarah Azhari]

So what do you guys think, let's share knowledge.

If I were you I will take it for fun and don't take it seriously, because if they know it's profitable, why do they share it to everyone?. better to take profit for themself, right?. because if not many people know, then there will be more profit they get. I was invited by my friend a year ago to join a signal group, but because it's exclusive and has to pay $100 to discuss and talk, I have to cancel it and leave the group immediately. My friend said he got several profits, but I still doubt it because until today he still looked impoverished.

[peter0425]

as long as it is free then why not join ? but trust me most signal groups has only the same intention and that is to pump their own supported projects and degrade those they hated.
free signals are mostly created for nothing but to favor those creator and not us investors.
most of them are liars and of course scammers.
just do your own research mate and study everything before putting your money inside.

[goldkingcoiner]

as long as it is free then why not join ? but trust me most signal groups has only the same intention and that is to pump their own supported projects and degrade those they hated.
free signals are mostly created for nothing but to favor those creator and not us investors.
most of them are liars and of course scammers.
just do your own research mate and study everything before putting your money inside.

Free cheese is only found in a mousetrap. At some point there will be a catch and if you drop your guard because you have gotten used to the group and perhaps even built up some form of trust, you will be tricked into giving someone your money. Or worse, you will simply lose all your money on some quacks ideas on trading speculation. Avoid signal groups like the plague and you will be a happier person for it.

Furthermore, anything that has to do with Telegram should be considered a scam automatically. The same goes for groups which are on discord or other unprofessional, discrete locations/platforms. Scammers use such platforms because its easy to stay anonymous and/or deny posting histories.

[Poker Player]

...which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

...

So what do you guys think, let's share knowledge.

The problem is that people do not fully understand how to trade successfully, which generally involves a moderate return on capital. But if you invest $1K in trading, and expect to make $100K in less than a year, what you're going to do is lose the $1K in the blink of an eye. It doesn't matter if you join a Bitcoin signal group or what strategy you use.

If you are really curious, I would follow this advice:

Free signal group, you can join. If they later ask you to pay money or luring you to pay money, leave the group.

[Iranus]

as long as it is free then why not join ? but trust me most signal groups has only the same intention and that is to pump their own supported projects and degrade those they hated.
free signals are mostly created for nothing but to favor those creator and not us investors.
most of them are liars and of course scammers.
just do your own research mate and study everything before putting your money inside.

Free cheese is only found in a mousetrap. At some point there will be a catch and if you drop your guard because you have gotten used to the group and perhaps even built up some form of trust, you will be tricked into giving someone your money. Or worse, you will simply lose all your money on some quacks ideas on trading speculation. Avoid signal groups like the plague and you will be a happier person for it.

Furthermore, anything that has to do with Telegram should be considered a scam automatically. The same goes for groups which are on discord or other unprofessional, discrete locations/platforms. Scammers use such platforms because its easy to stay anonymous and/or deny posting histories.

Whether they are paid or free, we should stay away because there is nothing better than coming up with our own analysis and predictions. Sometimes we can be wrong with our predictions, but at least we control ourselves and not passively depend on others.

But I disagree with you that everything on telegram or Discord is a scam, there are still a lot of market news channels, and on-chain data is very useful for investors. I also use telegram to follow the market movements, and so far, everything is fine. It may be scammers' favorite social network, but not all are scams.

[Questat]

It was an option but many members (including me) never recommend doing this due to reported scams and losses.
So why we should have to take the risk in the first place if we know that already? I'd say it was an option because you are the one to decide about it but I will tell you that no traders become successful from relying on others strategies just like relying on signal groups. Because what they did was also their own opinion as they never know what will happen in the market. And considering that situation, they are just also predicting and we can do it if we can.

[Litzki1990]

Those who have less knowledge about trading usually join different signal groups and follow those signals. Following others' signals usually means dependence on others in trading which is never safe. And who will you trust now in this time of fraud there are many fraudsters who will take money from you by giving you wrong signal and you will invest by trusting that signal and lose money in this case you risk losing your investment money as well as such fraudsters you know. There is a possibility of losing the money paid so it is better not to follow other's signals. Try to build your trading skills. When you gain enough knowledge and skills about trading yourself, you will not trust other people's signals. So in my opinion it is better not to follow all these signals.

[kotajikikox]

I remember being new in this forum  as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

[YUriy1991]

I think this is closely related to time. a businessman does not want his time to be wasted. It's really difficult to find a group that is recommended and has a good reputation, let alone one that is free. However, in reality those who enter through paid groups (operated by experienced traders) have higher chances and help make better trading decisions and sometimes, there are also losers, but I think that is very normal because what makes price predictions is humans, who still have fluctuating emotional levels, not robots.

and if I pay attention to the discussion in your last claim it is also not wrong for us to review again about their performance and it is also possible that Some groups may use manipulative tactics to attract paying members this is due to a lack of transparency so that it often raises doubts about the accuracy and reliability of the signals given.

[lienfaye]

I remember being new in this forum  as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

Same here. I joined many signal groups on TG thinking it can help to spot the right project, as well as sell at the perfect time. But majority of projects that they're shilling are shitcoins and it's for their own interest. Hence if you didn't know about this, you might fall in their trap.

Anyway, as others have said, if the signal group is free then why not? But don't forget to always DYOR. It's still much better if you have your own understanding on the particular project and not relying on any signal groups.

[adzino]

Don't join those groups. They are most likely scam groups in telegram, whatsapp and so on.  You can try if you wish to take some risks, but don't pay for those premium groups. They will give you signals that are publicly available. Or just give you random signal and some how manage to get lucky. And then there are those groups that just pump and dump shitcoins. I can guarantee you that those group are there just to scam people. They pump small market cap coins by buying the coins, convinces other to invest too because a "pump" is going on, and when other starts to invest, the price goes even higher. Eventually at the end, the "top level" members, will dump their coins to the bottom members, leaving them with next to  nothing.

[Reatim]

don't waste your time and money mate , you will only facing a possible scam or stupid advises  , better to do your homework instead because do not forget that your money is your sole responsibility and not theirs .
and prevent from joining people that will only have interest in taking your money and not to make you grow.
in this market there are so much like this and only few that will care for your funds.

[wxa7115]

don't waste your time and money mate , you will only facing a possible scam or stupid advises  , better to do your homework instead because do not forget that your money is your sole responsibility and not theirs .
and prevent from joining people that will only have interest in taking your money and not to make you grow.
in this market there are so much like this and only few that will care for your funds.

One of the core ideas behind bitcoin is to not allow a third party to take decisions regarding our money which we may not agree with.

However this not only applies to holding our coins ourselves and not on an online wallet or getting rid of most of our fiat and get bitcoin as it cannot be minted by governments, this also applies when it comes to the financial decisions that may change our lives, and while it may seem to be a good option to let a third party tell us in which coin to invest, when and how much, this goes against the philosophy of bitcoin, and as such a person doing this will not only lose whatever money is dedicated to follow those signals, in my mind they are not qualified to hold bitcoin and eventually they will lose it too.

[TheUltraElite]

If I declare that a coin toos result will be heads it will be correct 50% of the time. This does not mean that I can see the future but I am just juggling what I already know.

Signals groups make predictions on what they have a gut feeling with or opposite of what they are going to do. One might feel that we all here giving the advice to not join such groups are actually the bad people attempting to drag down our fellow users, in such case please do join and see for yourself.

We speak out of knowledge and experience, but feel free to experiment with your money at your own risk. Or even better try dummy trading on paper based on the signals and track how many are good or bad.

[irhact]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

Signal groups are awful and if you're joining any one don't trust everything you see there, most signal groups were create to just be pumping shitcoins and whenever a shitcoin get pumped it always dumps later and if you're not smart, you'll be the individual others dump on. If you're just starting to trade, you can use signal groups but you shouldn't make it your permanent solution to trading, you have to learn how to trade so you can do all the analysis by yourself.

Don't pay money for any signal group, the paid ones they're all fake and only depending on your paid fee as main source of income and not their trading ability that's why they're dropping signals which you can't win with all the signals that they'll be sending in the paid group.

[yudi09]

-snip-

So what do you guys think, let's share knowledge.

There are no restrictions on joining the signal group as long as they as the owner invite you to join.
Such groups have appeared quite a lot lately. If any of us use Telegram on a smartphone, you may open the Telegram application on your smartphone and see that someone has added us to the trading signal group.

Activities in it, almost every member sends proof that they have withdrawn the profits they have earned while joining and running it.
To me it's very annoying and looks like a crap group.
They are in it like selling medicine, but in reality they are sick.
People who are tempted by the nominal amount distributed to the group will send money. Maybe one time people who deposit money will get a percentage of the profit, the next they will lose track.

Is it recommended to join, for me not.
Trading and investing in Bitcoins is not essential to join them.

[Dr.Bitcoin_Strange]

I don't think it's recommended, but if you need it why don't you join the community. there are many bitcoin signal community. but I personally look for free ones not paid ones because it's the same we still have to make our own decisions to go into buying or selling the btc that we have

Whether it's a paid signal group or not, most of those groups are just a total waste of time. Because even those who seem to be free signal groups don't publish full, good signals, they always have some Information to hide from you, and they will be asking you to subscribe to their VIP service before you can start receiving some few good, successful signals. Some times they can even show you some past successful trades that they have made, and they will ask you to pay for VIP so you can earn such a profit, and most times, even after you have paid, you will not get any better signal. The best thing is for one to practise on their own and learn to be more dependent on their trading decisions.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Ultegra134]

I don't think it's recommended, but if you need it why don't you join the community. there are many bitcoin signal community. but I personally look for free ones not paid ones because it's the same we still have to make our own decisions to go into buying or selling the btc that we have

Whether it's a paid signal group or not, most of those groups are just a total waste of time. Because even those who seem to be free signal groups don't publish full, good signals, they always have some Information to hide from you, and they will be asking you to subscribe to their VIP service before you can start receiving some few good, successful signals. Some times they can even show you some past successful trades that they have made, and they will ask you to pay for VIP so you can earn such a profit, and most times, even after you have paid, you will not get any better signal. The best thing is for one to practise on their own and learn to be more dependent on their trading decisions.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

It's not about being a paid group or not; it can lead to a loss of funds even if it's a free one if you follow their signals and things don't turn out the way you want them to. I personally wouldn't follow something that was told to a group without any information or data justifying this move; I'd rather risk the money myself than blindly follow what a stranger claims. There will certainly be some success stories, but there will also be a large number of people who have lost because they made the wrong trades just because someone told them that it would thrive or crash. Would you jump off a cliff just because a stranger in a random group told you to?

[qwertyup23]

Free signal group, you can join. If they later ask you to pay money or luring you to pay money, leave the group.

If it is a pay signal group, avoid them and do not join. If they can trade and make money from trading, they will not ask anyone to pay.

What people are doing is to look for victims of what they (the scammers ) are not professional at and use it to scam their victims.

Signal groups are created in order to at least teach beginner traders the basics of trading. They teach you the fundamentals in order to understand techniques and instruments to understand both the extrinsic and intrinsic factors in forecasting cryptocurrency prices on the market.

Though this may be the case, majority of these signal groups have been created in order to perpetuate fraud. They take advantage of the feeble minds of beginners by asking ridiculous amounts of prices and charge them weekly.

This is also the reason on why some signal groups are just not worth it given that there are free courses being offered on most social platforms and videos.

[CryptSafe]

I don't think it's recommended, but if you need it why don't you join the community. there are many bitcoin signal community. but I personally look for free ones not paid ones because it's the same we still have to make our own decisions to go into buying or selling the btc that we have

Whether it's a paid signal group or not, most of those groups are just a total waste of time. Because even those who seem to be free signal groups don't publish full, good signals, they always have some Information to hide from you, and they will be asking you to subscribe to their VIP service before you can start receiving some few good, successful signals. Some times they can even show you some past successful trades that they have made, and they will ask you to pay for VIP so you can earn such a profit, and most times, even after you have paid, you will not get any better signal. The best thing is for one to practise on their own and learn to be more dependent on their trading decisions.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

What's the point demanding for fee when you too can trade with your signals to make huge amount of profit from it. Why hiding part of a signal which you are supposed to give out just because of fee so as to lure people to paying fee just to join VIP group. All these gimmicks are just to get at the newbies with no idea how they run their tricks. It is unfortunate that even after falling victim of such, some would still fall victim again for such.  

After my first experience with this pump and dump shitcoin scam group, I made sure not to allow myself stay in any group I am added to without prior notice from whoever did that.

They are all scammers.

[Fiatless]

I remember being new in this forum  as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

One can hardly see a selfless group that will give out these signals without financial benefit. Most of these groups are created solely for profit making. They want to get traffic and make money from advertisements that's all. Their signals are based on speculation or trial and error. Sometimes these signals tends to favor members but most times they are always on the contrary.

Same here. I joined many signal groups on TG thinking it can help to spot the right project, as well as sell at the perfect time. But majority of projects that they're shilling are shitcoins and it's for their own interest. Hence if you didn't know about this, you might fall in their trap.

Anyway, as others have said, if the signal group is free then why not? But don't forget to always DYOR. It's still much better if you have your own understanding on the particular project and not relying on any signal groups.

If the moderators of these groups observe that they now have many followers, the next phase will be to introduce a shitcoin or fake investment scheme. Most people will end up being scammed and the group will be closed. The same moderators will end up opening another social media account and renaming the signal group. No doubt there are som good signal groups but we should always do our research and never allow these groups to blindly influence our investment decisions. With more understanding of the crypto space, one can always make good predictions.

[KingsDen]

Free signal group, you can join. If they later ask you to pay money or luring you to pay money, leave the group.

If it is a pay signal group, avoid them and do not join. If they can trade and make money from trading, they will not ask anyone to pay.

What people are doing is to look for victims of what they (the scammers ) are not professional at and use it to scam their victims.

I do not always people to join signal groups and I do not also see it as a problem for people to join. In this industry, if you can not work hard, you work smart. What I do not support is scamming.

Meanwhile if a particular group has been giving working signals and you make money from it. I do not see it as a problem if you can pay some token for appropriation and keep the group going. You don't just advice them to leave the group immediately they mention money. They aren't running a charity group ofcourse.

[darkangel11]

NO. These groups are usually scams.
They will either use you as "crowd" to bet against, so they will give you false signals and go the other way, or they will charge you fees for random signals that can be good or bad, depending on how lucky you are, or they'll do both of these things at once. IMO it's a waste of your time and money because you can't really predict the move of a coin, unless you have insiders who know that there's going to be an ETF approved or that the court case against someone is going to be made public, or dropped.

[Bushdark]

I remember being new in this forum  as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

There are lots of signal group on telegram which is the place where we can see that many of the signal groups operate. There is nothing bad with joining a signal which could be a source to understand more about the market and hoe to analyze the market if we strictly look closely to study many of the signal thay we see. We need to know how to trade for us to understand how some of the traders analyse the market.

 Sometimes, the follow Bitcoin fundamentals to decide whether they will be buying or selling. I have seen many of the pump and dump signal groups having large numbers of traders with few whales that will trade the particular coin they choose to trade to either send the price to the moon or sell there holdings to make the price of the coin pairs to fall drastically.

[jeraldskie11]

Free signal group, you can join. If they later ask you to pay money or luring you to pay money, leave the group.

If it is a pay signal group, avoid them and do not join. If they can trade and make money from trading, they will not ask anyone to pay.

What people are doing is to look for victims of what they (the scammers ) are not professional at and use it to scam their victims.

Signal groups are created in order to at least teach beginner traders the basics of trading. They teach you the fundamentals in order to understand techniques and instruments to understand both the extrinsic and intrinsic factors in forecasting cryptocurrency prices on the market.

Though this may be the case, majority of these signal groups have been created in order to perpetuate fraud. They take advantage of the feeble minds of beginners by asking ridiculous amounts of prices and charge them weekly.

This is also the reason on why some signal groups are just not worth it given that there are free courses being offered on most social platforms and videos.

I don't think the signal groups were going to teach you the basics of Bitcoin. This was designed to encourage people to trade despite their lack of trade understanding. This is also for traders who do not have time to analyze the market but are eager to trade. Unfortunately, it has been widely used by scammers to prey on people who lack trading skills by giving false signals. So I hope we can be aware of this in order to avoid wasting my time and money.

[Issa56]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I don’t believe any trading signal is real, I believe all the people providing trading signals are just looking for money to feed, because before you can be added to their group, then their will be a certain amount which they will request from you. Most of them always add people to a general group where they will be talking about bitcoin or trading, most of the post they will be dropping on the group are gotten from google which they will use that to deceive people, at the end they will convince people to pay before they can be added to a premium group or VIP group.

If you are desperate looking for signal group, then you will be the one to lose, because you will be asked to pay money before you will be given the signal, then after paying and u are being given the signal, then you will have to use your money to trade, and if the trade goes against what you are asked to do, then the money you paid for the signal is gone, and the money which you used to trade is also gone.

[Slow death]

Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

think of it this way: if you were a trade genius able to accurately predict the price, you sit at home with your computer, do analysis and buy and then sell and make a profit, your life is perfect, you don't need to be stressed You're welcome. Now I ask you: why would a genius in trading be wasting time spending hours analyzing several currency pairs to send a telegram group constantly when that person could be trading alone and with the good profits he would have, he could live a long time well very quietly? it just doesn't make any sense. you could claim that he would do it for money he would charge on the telegram vip channel

but even so, it wouldn't make sense for a person who manages to earn a lot of money with day trade to need other people's money, and you and anyone else can see that these guys who send signals and have telegram channels that charge for subscription, they are very desperate to get other people's money, that's why they are constantly discounting the prices of subscriptions to the vip telegram channel, they don't make money with day trades, they lie. they make money with the subscription they charge from telegram vips channels

[Mr.suevie]

I remember being new in this forum  as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

Signal groups are certainly no different than sport betting group, they always operate in the same manner. These signal start up by promising correct signal but never actually seem to reliable but although some of these group might be legit as few of the same sport betting group are also legit but its very hard if not impossible to even find these channels and most of them even required partial payment upfront for you to be given their services, so I rather just ignore these groups to avoid falling into any scam project.

[Ayebabara]

Yes it is good to join bitcoin signal group because it will help you to trade and invest. I have been in a trading signal group and those experts in the group were given us information to go about anytime when the time of trading has come. The group was good, but not all the groups are good nto join there are some that are there to do the opposite. So be careful when joining them.

[TimeTeller]

Yes it is good to join bitcoin signal group because it will help you to trade and invest. I have been in a trading signal group and those experts in the group were given us information to go about anytime when the time of trading has come. The group was good, but not all the groups are good nto join there are some that are there to do the opposite. So be careful when joining them.

Lucky for you that you found a valuable trading group that you can say, worth it.
Nowadays, it is hard to find a crypto trading signal group that is worth your time and resources.
If you are not sure about the group, better watch and observe about the tips that they are sharing to the group.
You will know if the tips are legit if you can see that it is indeed happening in the market trade.
There may be lapses a lil bit, but there should be at least correct signal/s that you think are valid.

[Dr.Bitcoin_Strange]

snip

I wouldn't advise anyone to rely on a signal for trading, but I know that despite the fact that most of those signal providers are scams, a few can give some accurate and successful trades. Although trading is just what it is, the direction of the market cannot be accurately detected. So, like I said in my first comment, it is just better for a trader to keep practising to develop a strategy that they can rely on themselves, rather looking for signal.

[FinneysTrueVision]

No, it is not advisable. You don't need some secret wisdom to read charts and identify trends. Anyone can do this if they take some time to learn. Free groups are fine if you just want to learn and hear others opinions. If they start trying to shill you something and asking for money that is a red flag. There is a lot of snake oil salesman in these types of groups, especially the paid ones.

[virasog]

Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

think of it this way: if you were a trade genius able to accurately predict the price, you sit at home with your computer, do analysis and buy and then sell and make a profit, your life is perfect, you don't need to be stressed You're welcome. Now I ask you: why would a genius in trading be wasting time spending hours analyzing several currency pairs to send a telegram group constantly when that person could be trading alone and with the good profits he would have, he could live a long time well very quietly? it just doesn't make any sense. you could claim that he would do it for money he would charge on the telegram vip channel

but even so, it wouldn't make sense for a person who manages to earn a lot of money with day trade to need other people's money, and you and anyone else can see that these guys who send signals and have telegram channels that charge for subscription, they are very desperate to get other people's money, that's why they are constantly discounting the prices of subscriptions to the vip telegram channel, they don't make money with day trades, they lie. they make money with the subscription they charge from telegram vips channels

You are right that the main source of income from the paid / premium telegram group is the membership fee. This cryptocurrency trading market is risky and instead of doing the trades, they give their members paid signals. Now if the signal goes against their prediction, they have nothing to lose but if it goes in favor, they will announce everywhere, in their free groups in order to attract more people for their paid membership. They will never tell in public the signals which went into the losses or hit the stoploss.

No matter how experienced a trader you are, you can join these free groups to get some free signals and also update about the cryptocurrency news but do not join any paid group. That is what I personally do and will recommend.

[Mauser]

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

Following signal groups can give us good indications on where the market is going to move. Technical analysis has been used by traders for a long period of time now, there are even fully automated trading systems that trade large sums on these signals. The main question with these groups is if the are legit or if they have some special motivation behind their signals. In case the groups shares valuable trading information I would expect them to charge money for it. Because why else would they share their bread and butter online. If the information is for free I am more cautious, it could be that the group tries to convince us to buy certain alt coins the group tries to sell. In the past I have met beautiful Asian woman on dating apps that wanted me to join trading groups where I could get rich quickly. Now I prefer to check my own trading signals based on technical analysis. It might not be as sophisticated, but at least I know where the data is coming from.

[Blitzboy]

That's a classic. Signal groups' never-ending profits promises. This situation is like a reality show with heroes and villains. However, no market - including Bitcoin trading - guarantees returns.

Its not all horrible. Trustworthy signal groupings exist. Though not perfect, they work hard, research their subject, and make accurate predictions. Like video game secrets, you have to work for them. Never doubt Bitcoin. Bitcoin competes well. Bitcoin will last, so ignore the noise.

[gunhell16]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

Maybe if you can get knowledge in that signal group about Bitcoin, I don't see anything wrong with you joining there. That's why most people like that are pretenders who care about others, but you don't know that they are scammers.

I see a lot like that on telegram, when someone sends you a message on telegram just ignore it and leave it or leave that group channel immediately, because for sure most of them are scammers and they often use phishing links to steal they can take advantage of what they prey on.

[petulino]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

I have also heard of many groups that give you signals about crypto currency in telegram or whatsapp group. Here you have to deposit a monthly fee after which you are added to the group. I have not been a part of such a group myself, but have heard from others that there are groups whose signals are often correct, but to join these groups you need a good amount of capital as the returns are very low.

As far as I am concerned having your own experience and knowledge is very important for trading. You will not be able to trade unless you make the effort to learn and analyze your own information. So it is best to try to learn by yourself. I think you should trust yourself instead of trusting a signal group, and this is only possible when you try to learn and understand.

[bayu7adi]

I once joined a premium group for Bitcoin and cryptocurrency signals. My interest was piqued by the multitude of screenshots shared by its members on the Telegram channel, boasting impressive profits. I always believed that the signals provided had a high level of accuracy.

After two weeks of being a free member, I decided to upgrade to premium by paying around $100 for a year. Inside the premium group, it turned out that the signal provider indeed offered different signals compared to the free version. There were additional signals not available on the promotional channel that only shared free signals.

However, what I didn't like was the fact that only about 30% of the members actually succeeded with the provided signals. And even then, I was certain that they also analyzed the market themselves, using the signals as a reference for their own facts and speculations.

And here's a message I want to share: Never be lured by the screenshots shared on social media. Social media is merely a platform for showcasing achievements. The reality is that there are numerous losses and failures that are not shared. In essence, even within the premium group, you may encounter significant losses, and each of your losses will not be hidden from the public, giving the impression of a flawless premium signal group.

[xSkylarx]

No, it is not advisable. You don't need some secret wisdom to read charts and identify trends. Anyone can do this if they take some time to learn. Free groups are fine if you just want to learn and hear others opinions. If they start trying to shill you something and asking for money that is a red flag. There is a lot of snake oil salesman in these types of groups, especially the paid ones.

If others can learn and do it, why not yourself too? Tutorials are very accessible online, on which you can search, watch, and read them for free and learn trading, rather than relying on those signal groups that are just milking money for sure.Though again, newbies want to earn immediate money and don't want to learn it because they think that if they just join a signal group they will save time, but it turns out that as time goes by they are blaming the signal group for their losses, and more funny about it is that they don't know why they lose on a trade.

[KiaKia]

Advisable? NO, but it's worth trying out yourself, with one or two wrong calls you will know that the group is messed up, trading groups are of different types and it's easier to know which one is more accurate than others, I like learning things myself instead of waiting for signal calls but make sure that you lock every PM from strangers first in your telegram account settings, because there are many scammers on such groups, they will start trying to make a victim out of you, do not reply anyone unless you know who they really are, there is no way anyone can help you online without taking something back.

I have had countless encounter with scammers from Telegram groups and even from big Telegram groups that being to crypto giants like official Huobi and Binance telegram group, the scammers are always there, waiting for a newbie that doesn't have a lot idea about Telegram app and scams.

[Oasisman]

So what do you guys think, let's share knowledge.

If it is something that is considered as "too good to be true" then that's most likely a scam. Signal groups are not reliable source of investing though, but they can somehow help you understand the fundamentals and technical analysis as you all can share knowledge and update regarding the specific coin within the group, but most importantly it is not something that you will pay for, it is FREE of charge. Those signal group claiming to be the best in that field and collecting registration fees, they are most of the time run by by group of scammers.
So, my advice is that - dont just follow what the group has said but you should always DYOR.

[Tony116]

Advisable? NO, but it's worth trying out yourself, with one or two wrong calls you will know that the group is messed up, trading groups are of different types and it's easier to know which one is more accurate than others, I like learning things myself instead of waiting for signal calls but make sure that you lock every PM from strangers first in your telegram account settings, because there are many scammers on such groups, they will start trying to make a victim out of you, do not reply anyone unless you know who they really are, there is no way anyone can help you online without taking something back.

I have had countless encounter with scammers from Telegram groups and even from big Telegram groups that being to crypto giants like official Huobi and Binance telegram group, the scammers are always there, waiting for a newbie that doesn't have a lot idea about Telegram app and scams.

Most of the advice here would be "NO," but newbies often don't listen to it even though they are the ones who are looking for our advice. The best way is for them to experience it for themselves a few times to get the most genuine feeling instead of always doubting everything. I also recommend OP to try 1 or 2 times with trading signals from free or paid groups if OP has a lot of money for those scammers.

I just want to tell OP one thing, if those people can provide signals to others, it means they are very good, and making money from trading is very easy. So why don't they trade themselves but find a way to provide signals and collect money from others?

[nesty]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

There are a lot of signal group are offering to join their groups. Some are free some are with fees. You can consider joining free signal group and evaluate if they are really giving the right signals that could not suffer your capital. That is the right thing to do that you had seat back and watch how the trade will work. You should always believe on your instincts and do some research before you follow the signals that the group is giving to avoid losses. Not all signals given by groups are accurate. It is hard to find a reliable signal group that will give you an accurate signal. Better yet do your own research and study the flow of the crypto currency that you are interested in.

[Sanitough]

I don't think it's recommended, but if you need it why don't you join the community. there are many bitcoin signal community. but I personally look for free ones not paid ones because it's the same we still have to make our own decisions to go into buying or selling the btc that we have

Whether it's a paid signal group or not, most of those groups are just a total waste of time. Because even those who seem to be free signal groups don't publish full, good signals, they always have some Information to hide from you, and they will be asking you to subscribe to their VIP service before you can start receiving some few good, successful signals. Some times they can even show you some past successful trades that they have made, and they will ask you to pay for VIP so you can earn such a profit, and most times, even after you have paid, you will not get any better signal. The best thing is for one to practise on their own and learn to be more dependent on their trading decisions.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

You are right in this mate. Whether it’s free or not, joining this kind of group will only limit your own trading potentials because eventually when you see successful trades posted on the group, you will start to lost your own focus and just rely on them for trading signals thinking that you could be lucky and profitable as well just like them. But hey, trading signals are not all the time reliable and trustworthy. You have to study the market and do your own diligence to analyze the market well if you want to maximize your gains when trading. Trading signals group can be sometimes impressive though but for me, I just don’t see wasting my money and time relying on them.

[Aanuoluwatofunmi]

No, it is not advisable. You don't need some secret wisdom to read charts and identify trends. Anyone can do this if they take some time to learn. Free groups are fine if you just want to learn and hear others opinions. If they start trying to shill you something and asking for money that is a red flag. There is a lot of snake oil salesman in these types of groups, especially the paid ones.

You're right, moreover what is the guarantee in what we received from those people to be true and accurate, many of us are too busy i doing unnecessary things whereby we create enough time for them, while the main important things we should give time to aren't our main priority, there's nothing too hard in learning bitcoin because everyone of us once started a newbie, we can't rely on those groups on what they will be offering us.

[Onyeeze]

Someone who started cryptocurrency newly should be advised to join a signal group, this signal group is very important to people is a trader and they are trading consistently from my knowledge, their is something I have noticed and I believe that is moving on into this, what I believe is that you can learn signal only if you are interested or desperate to learn, learning this you can start by using a YouTube video to learn, and very important one is the chart of determining when the price will rise and when the price will decrease

[DooMAD]

I'm probably a bit late to the topic, but I'm firmly in the 'NO' camp for this one.  

There's no accountability and no accreditation.  You're relying on investment advice from total strangers, who may sound confident, but could be total amateurs themselves.  You have no way of knowing for sure who these people are, whether they have any background in finance or economics, or what their level of experience is.

Worse still, there's also the chance someone in the group (or even multiple people in the group, if there's collusion behind-the-scenes) could be influencing others to invest in ways that profit the people giving the "advice" and taking advantage of those receiving the advice.  You could easily be fresh meat for the grinder and not even realise until it's too late.  There's so much potential for a seriously bad outcome.

As a general rule, if people really knew how to make a guaranteed profit doing this, they would probably keep that info to themselves and rinse the market for all it's worth.  They're not likely to share the secrets of how to make that profit with total randoms like you or I.  You are more likely to be the source of that profit for them if they can turn you into their puppet.

[Hypnosis00]

So what do you guys think, let's share knowledge.

I would say not but I wanted for you to experience joining them so you can't tell that we are not lying to you. So you can decide and say what you have experienced and it serves as a learning experience on your part. There are free signal groups available that you can try but you still need to be careful dealing with these people because some are just started as free but after a few days, they ask you for some money. If this will happen, that is also the time to stop following them as it was not what you've agreeing with.

[Mpamaegbu]

What people are doing is to look for victims of what they (the scammers ) are not professional at and use it to scam their victims.

What the so called owners of the signal groups do is fund their lifestyle with the subscription money they get from the unsuspecting public who want to learn from them. However, it's not that profitable traders don't charge money at all but they won't always be on social media day in, day out pushing for people to come to them Ike these charlatans we're talking about do. The real profitable traders do it once in a while to teach. That's actually for the few of them who want to.

It's human nature to not value what one gets for free. So, in most cases, to get learners committed it's good to charge them money. As for trades, most pro traders rather allow others mirror them for a fee instead of writing out signals. Doing that is a distraction from the little I know about teaching and trading.

[Asuspawer09]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

I don't really recommend joining some of the groups, I mean it could be useful sometimes if you are just a newbie but most of the time these kinds of groups are just taken advantage of for sure if there is money involved there is always someone that is going to take advantage of it, most likely before even they make the signal in this kind of groups most of the people on the top that going to make the signal is already bought or already on the position so that when they signal investors to buy to pump a certain token they could easily dump their holdings leaving most of the investors lose there money in the end.

You are already here in the forum, most of the things are already here in the forum and you could easily ask if you're getting an issue most of the members here are experienced in the cryptocurrency space and have investors for years, everything you need is already here if you're really going to start your cryptocurrency journey you should learn it on your self and dont depend to anyone, especially to this kind of groups.

[cryptodude]

Most signal groups are scammers. First, a normal signal group will ask you to go to a VIP group in exchange for dollars. But yes, since technical analysis has been treated for a long time and has taken some concepts related to the market, sometimes some signals are useful. But not all signals are useful. You can also analyze the market well before investing.

[lizarder]

Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

There's nothing more special than this group of signals and you don't have to follow them completely. Many grub channels invite people uncoordinated and there is nothing to be expected for trading learning there. I did not study the channel group and be wary of trusting them, better learn trading and investing on bitcointalk than on the channel group. In the end they will look for members to make money and many people are stuck with this condition because they will definitely ask us for money.

So be careful trusting groups that are not clear, because many groups today are deliberately created for fraud. Trading and investment learning will be easily learned independently and if we have not mastered it conceptually, we can learn it by getting involved in small amounts first.

[Victorik]

It is obvious you already know that these signal groups are fraudulent. Some of them are out there to scam unsuspecting victims.
I hardly believe those signal they drop, sometimes be rest assured that those calls will rug and disappear with your funds.
So, to answer your question, it is not advisable to join these signal groups. That's my personal opinion though, not a financial advice.

[carlfebz2]

It is obvious you already know that these signal groups are fraudulent. Some of them are out there to scam unsuspecting victims.
I hardly believe those signal they drop, sometimes be rest assured that those calls will rug and disappear with your funds.
So, to answer your question, it is not advisable to join these signal groups. That's my personal opinion though, not a financial advice.

Good thing that you've been wary on something like this which its actually true, usually newbies are the ones who get victimized with these kind of groups on which they are really that targeting into those people who

do really love on fast tracking out their progress or on how they would really be able to make money and this is where mistakes and errors do usually happen because they are really just that lazy or getting blinded on the money which arent even generated or earned yet. On the time that they would lost up money out of those sub fees then this is where realization begins. They might have able to avoid it if they are really just
that sensible on what they are doing or on having that realistic approach on things and not something about being delusional on being profitable on short time.
Trading isnt something that so simple that you could deal with, you would be needing ample time and lots of efforts for you to make yourself that efficient on this field.

[mvdheuvel1983]

A Bitcoin signal group is just like any crypto community on the internet with thousands of members from all backgrounds who do not know themselves. It's risky. You could learn alot from these strangers and you could also get scammed by the bad eggs. That's is why any offer they are making to you, just remember that if it is too good to be true then it is not what it is.

A Bitcoin signal group is no different. You have the internet to do your own research on whatever offers they are making you. Don't be too stupid ask the right questions.

[Vaskiy]

A Bitcoin signal group is just like any crypto community on the internet with thousands of members from all backgrounds who do not know themselves. It's risky. You could learn alot from these strangers and you could also get scammed by the bad eggs. That's is why any offer they are making to you, just remember that if it is too good to be true then it is not what it is.

A Bitcoin signal group is no different. You have the internet to do your own research on whatever offers they are making you. Don't be too stupid ask the right questions.

Yeah, it is kind of data sharing. There are free as well as paid signal providers. Everywhere you'll be provided with suggestions and it is upto us whether to make a trade or not. According to me, being part of the group will let you know about crypto currencies in demand. Apart, it can be considered as a reference data for a trade. Further we need to analyse and make the trade or leave it. With paid signals it is much of money focused than support, because the winning credit taken by the signal providers and the loss on our mistake.

[Wend]

So what do you guys think, let's share knowledge.

I would say not but I wanted for you to experience joining them so you can't tell that we are not lying to you. So you can decide and say what you have experienced and it serves as a learning experience on your part. There are free signal groups available that you can try but you still need to be careful dealing with these people because some are just started as free but after a few days, they ask you for some money. If this will happen, that is also the time to stop following them as it was not what you've agreeing with.

I think the same, there is no advice that works as well as my own experience, so I also advise OP to try with the signals to see if what we say is true or false. That's why I don't usually give "no" advice to newbies, I want them to experience whatever they suspect so they have the most realistic view. Sometimes losing money will be very unfortunate, but it teaches us a lesson, not a waste at all.

[komisariatku]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I joined a crypto signal group, but I never leave my decision to such a group. The decision is always mine, sometimes I agree with the group's signal, sometimes I don't use it at all. I use my money so I don't want to leave the decision to them. Besides, I don't think anyone can predict very accurately even if one is highly skilled. In the world of markets, although there are techniques and analysis, the factor of speculation is also considered

If you join a crypto or bitcoin signals group, we recommend using those signals to complement your analysis, or to weigh in on your decisions. Nothing is certain in the world of crypto, we must be prepared with all the risks we take

[posi]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I joined a crypto signal group, but I never leave my decision to such a group. The decision is always mine, sometimes I agree with the group's signal, sometimes I don't use it at all. I use my money so I don't want to leave the decision to them. Besides, I don't think anyone can predict very accurately even if one is highly skilled. In the world of markets, although there are techniques and analysis, the factor of speculation is also considered

If you join a crypto or bitcoin signals group, we recommend using those signals to complement your analysis, or to weigh in on your decisions. Nothing is certain in the world of crypto, we must be prepared with all the risks we take

Agreed, we can use signals as long as they are free and we should have knowledge. I mean, we only use them as a reference, never depend or rely on them. I used to lose money trading by myself, but I don't regret doing everything myself. I may lose, but in return, I gain knowledge and experience, which we will never have when dependent on other people's signals.

I am not conservative like many others, we don't need to stay away from every signal because it is also knowledge, and knowledge is timeless, as long as it is used correctly, it will always work for us.

[BenCodie]

There's nothing wrong with joining a group if there is educational value and community discussion. Just be careful of your money and don't spend anything. If it's one of those telegram channels boasting huge returns from signals and no replies allowed in the group or a group flooded with fake accounts shilling success stories just leave.

Good groups will allow you to chat with the community freely, put no pressure on paying for a premium service, let you review and analyse any research into past stories, you'll be able to talk with other members about their experiences etc. You should interact and build trust before throwing money at anything...generally it's not advised as no one has a crystal ball.

[Rupok]

Trading should never be done by trusting the signal group. Before doing any trading, you have to analyze yourself and take the advice of an experienced person.  Currently many scammers have opened bitcoin signal groups.  They give different fake news to mislead people. As cryptocurrency is uncertain so it is not possible for anyone to give accurate forecast and signals.There are some youtubers who talk about joining different signal groups to increase their channel views. So we should be careful about crypto trading groups and avoid those who call themselves as signal groups.But there are some good groups which are very hard to find who give good analysis and signals about cryptocurrencies, groups like Binance give good signals, join the verify group.

[Victorik]

One time I was sent one of these signal groups, so out of curiosity, I decided to join and behold one token that I know of that has long rugged was been shilled there. Immediately I saw that, I quietly left the group.

[Blitzboy]

I'm probably a bit late to the topic, but I'm firmly in the 'NO' camp for this one.  

There's no accountability and no accreditation.  You're relying on investment advice from total strangers, who may sound confident, but could be total amateurs themselves.  You have no way of knowing for sure who these people are, whether they have any background in finance or economics, or what their level of experience is.

Worse still, there's also the chance someone in the group (or even multiple people in the group, if there's collusion behind-the-scenes) could be influencing others to invest in ways that profit the people giving the "advice" and taking advantage of those receiving the advice.  You could easily be fresh meat for the grinder and not even realise until it's too late.  There's so much potential for a seriously bad outcome.

As a general rule, if people really knew how to make a guaranteed profit doing this, they would probably keep that info to themselves and rinse the market for all it's worth.  They're not likely to share the secrets of how to make that profit with total randoms like you or I.  You are more likely to be the source of that profit for them if they can turn you into their puppet.

After all, its never too late for a good argument. Okay, I get your worries. Investing advice on the internet may be like the wild west, with few reliable authorities to rely on. The surface explanation is incomplete. Someone with a gloomy outlook would conclude that everything is an illusion and that a powerful elite is plotting to exploit us for financial gain. But that's making generalizations. Even though its a fact, generalizing about all internet discussion boards would be unfair.

Imagine helpfully that online groups are like underground vaults full of hidden gems. The garbage piles up, thats for sure. Pearls of wisdom, however, can be unearthed if one looks deep enough. Never invest blindly on the advice of others; instead, exercise extreme caution, probe for clarification, and conduct your own investigation. And keep in mind that having faith in complete strangers online is not the same thing as having an optimistic outlook. Actually, no.

[Games.Bitcoin]

Signal group doesn't seem very useful to me. Since the movement of Bitcoin is not controlled by a central bank, it is very difficult to predict its rise and fall. But yes sometimes one or two signals can be useful. Most signal groups are scammers. First give free advice and then ask to be added to the VIP group in exchange for dollars.

[zeuner]

When adopting technology that can bring decentralization, it's of course always advisable to complement it with all sorts of centralization (e.g. from a messenger) you come across...

Speaking of which: What is the best Bitcoin-related community in the Lemmyverse?

[Negotiation]

All cryptocurrency groups will provide reliable and accurate signals, leading their members to amazing profits but this may not always be the case, as you should not always trust cryptocurrency signal groups. It is better to analyze the market yourself and trade. As the cryptocurrency market has grown exponentially, so have the number of scammers and the methods they rely on. Scammers create crypto tokens with the sole purpose of extracting money from their investors in the market, they should market the token to attract investors. That's why signals should be researched well and caution should be exercised before investing in tokens and money.

[knowngunman]

Someone who started cryptocurrency newly should be advised to join a signal group, this signal group is very important to people is a trader and they are trading consistently from my knowledge, their is something I have noticed and I believe that is moving on into this, what I believe is that you can learn signal only if you are interested or desperate to learn, learning this you can start by using a YouTube video to learn, and very important one is the chart of determining when the price will rise and when the price will decrease

This is like shooting yourself in the foot. It's more riskier for a newbie to join a signal group than some one who have little knowledge about crypto and should be discouraged at all cost. People are desperate whenever they join anything newly and they understand less about financial and risk management. Those signal group admins risk with high amount (though might be fake, photoshop or real) and this newbies might be triggered to use high amount and lots size as well which I presume you already know what will happen if everything goes wrong.

Additionally, they will find it hard to study and try out their own analysis instead, they will rely on this signal group for updates which is killing their trading potential. Even the expert should be careful with signal groups talk more of people who are new to crypto. Totally wrong in my opinion.

[Odusko]

Just like others have suggested that to you and you also have made your own conclusion on the fact that signal groups work but not all tome time 100% which is why it is not advisable to follow a paid signal and you should avoid and service that requires you to pay for them to make the trade signal to you, because of their trust they trading analysis there can prove by giving you the signal to run on your own which bring us back to the free trading signal.
Since as a trader at some point, there will be a need for you to add your own personal trading analyses to the one supplied to you because this is the best possible way to stay ahead of the game and to avoid losing trades.

[famososMuertos]

Well, everyone does what they want and in effect that same idea is the cause of these groups growing in users but not in positive signs that lead somewhere to obtain benefits with bitcoin, without a doubt the information in traditional investments is essential In fact, it is penalized to use privileged information to obtain benefits in WS.

So, if it is a free group of signals I doubt it will work and if it is paying 99% it is a scam or a waste of money, make your own evaluations, I studied the crypto market, things are different here compared to traditional investments.  Sometimes detecting those "signals" is not so difficult.

[Russlenat]

Yes it is good to join bitcoin signal group because it will help you to trade and invest. I have been in a trading signal group and those experts in the group were given us information to go about anytime when the time of trading has come. The group was good, but not all the groups are good nto join there are some that are there to do the opposite. So be careful when joining them.

Lucky for you that you found a valuable trading group that you can say, worth it.
Nowadays, it is hard to find a crypto trading signal group that is worth your time and resources.
If you are not sure about the group, better watch and observe about the tips that they are sharing to the group.
You will know if the tips are legit if you can see that it is indeed happening in the market trade.
There may be lapses a lil bit, but there should be at least correct signal/s that you think are valid.

True. It’s seldom to see crypto trading signal group nowadays that are trustworthy as most of them are obviously all for money. Yes, they can be valuable at first to make you feel amazed but later on, they will start to ask for payment if you want a reliable trading tip. Yet, the prediction still ends the opposite way. However, I believe  some can still be reliable enough but it’s rare to find them. That’s the reason why it’s better to do trading on your own and just try to study the market as well so you can be more capable analyzing the market trading charts and its patterns.

[ringgo96]

If the crypto signal group is offered for free then it never hurts you to join, maybe there you will get new knowledge that will always be shere by others, if later there is an offer to invest then it never hurts to try because you must already know how to do this, but you must be careful because there are very many scams that are currently looking for victims by creating a group so that Can embrace many victims, so just look for positive ones if there are then it never hurts to join.

[boyptc]

Free or not, I wouldn't join any of them.

Why is it hard for everyone to accept that the forum is totally the place that everyone needs? Everyone knows that there has been a lot of bad experiences with these signals group.

You don't need a bitcoin group that's mostly operating with Telegram. Because many of them have only one intention and that's to make rapport and then eventually to shill projects and likely to scam people.

[WatChe]

All cryptocurrency groups will provide reliable and accurate signals, leading their members to amazing profits

Can you name few such groups so that rest of us can also join for amazing profits?

but this may not always be the case, as you should not always trust cryptocurrency signal groups. It is better to analyze the market yourself and trade. As the cryptocurrency market has grown exponentially, so have the number of scammers and the methods they rely on. Scammers create crypto tokens with the sole purpose of extracting money from their investors in the market, they should market the token to attract investors. That's why signals should be researched well and caution should be exercised before investing in tokens and money.

Don't know if anyone has earned profit by following these groups but there are evidences that owners of such groups have earned adequate profit by selling there ideas. I always say that if owners of singling group can predict the future market why not they go and earn profit themselves? Always do trade with your own mind to tune it for trading. There is no shortcut for success (Signal group), you have to work hard  i.e. DYOR.

[peter0425]

as long as it is free then why not join ? but trust me most signal groups has only the same intention and that is to pump their own supported projects and degrade those they hated.
free signals are mostly created for nothing but to favor those creator and not us investors.
most of them are liars and of course scammers.
just do your own research mate and study everything before putting your money inside.

Free cheese is only found in a mousetrap. At some point there will be a catch and if you drop your guard because you have gotten used to the group and perhaps even built up some form of trust, you will be tricked into giving someone your money. Or worse, you will simply lose all your money on some quacks ideas on trading speculation. Avoid signal groups like the plague and you will be a happier person for it.

yeah , in the beginning specially when the group is starting ? I must admit that there are some who had given partial and profitable signal but this will only happen to prove others and join then after that surely it will be a complete scam or close eyes choosing.

Furthermore, anything that has to do with Telegram should be considered a scam automatically. The same goes for groups which are on discord or other unprofessional, discrete locations/platforms. Scammers use such platforms because its easy to stay anonymous and/or deny posting histories.

indeed  because the whole conversation can easily be deleted and we have no tools to recover and provide proofs of our accusation if tehre is one.

[Minhxx]

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

most of the signal firing groups study different methods, we should only refer to those groups. The decision is up to you, maybe they are right when the market goes up

[kotajikikox]

I remember being new in this forum  as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

There are lots of signal group on telegram which is the place where we can see that many of the signal groups operate. There is nothing bad with joining a signal which could be a source to understand more about the market and hoe to analyze the market if we strictly look closely to study many of the signal thay we see. We need to know how to trade for us to understand how some of the traders analyse the market.

 Sometimes, the follow Bitcoin fundamentals to decide whether they will be buying or selling. I have seen many of the pump and dump signal groups having large numbers of traders with few whales that will trade the particular coin they choose to trade to either send the price to the moon or sell there holdings to make the price of the coin pairs to fall drastically.

that advises applicable for old timer but what i was talking being New then , and this is not advisable to newbie because surely they will be biting the bait and will fall from good promises in which telegram operator(group admin) tend to do.
also you are correct that we need a better understanding first before investing.

[doomloop]

I remember being new in this forum  as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

These people earn money by promoting those coins and links and endorsements and they also charge money from users if they have created premium groups because they provide some signals which either work or not but they do make them look like they are working, a newbie that has absolutely no knowledge about trading at all would never basically understand how those signals are used so they end up getting losses every now and then.

I personally don't believe in all these signal groups because in my opinion, they don't provide accurate signals in the first place and they are always busy either promoting projects or their premium signal groups so that they can get people to join that and they charge them money for it.

[Kasabus]

Yes it is good to join bitcoin signal group because it will help you to trade and invest. I have been in a trading signal group and those experts in the group were given us information to go about anytime when the time of trading has come. The group was good, but not all the groups are good nto join there are some that are there to do the opposite. So be careful when joining them.

Lucky for you that you found a valuable trading group that you can say, worth it.
Nowadays, it is hard to find a crypto trading signal group that is worth your time and resources.
If you are not sure about the group, better watch and observe about the tips that they are sharing to the group.
You will know if the tips are legit if you can see that it is indeed happening in the market trade.
There may be lapses a lil bit, but there should be at least correct signal/s that you think are valid.

Knowing different scams are so rampant these days, I cannot advise anyone to join any signal group most especially for bitcoin since where there is big money is, then more scams are expected to arise. Although you may be lucky OP for having a reliable and legit one, but that’s not the case for most of the trading groups nowadays. It’s either you may take advantage, or you’ll be taken advantage by requesting you to pay first so be cautious not to join any signal group that you think is showing a red flag.

[Franctoshi]

I have been referred to join some signal groups but considering how everyone is claiming to know almost everything about Bitcoin trading which they did not, resulted in many people losing their money because of Crypto signal groups, where they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to sit back and watch how the trade will work, on the contrary, it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from other traders, I was able to deduce that not all group signals are false and that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

Don't fall victim to these groups promising to send signals while in the end, they are only interested in taking your money, yes there are legit signal groups out there but are few, and they charge a huge sum amount of money for their signals. If I may suggest, you should avoid trading leverage or future trading because I guess that is why you are looking for a signal group to buy Bitcoin and HODL. However, if you want to engage in Bitcoin trading, the best is to trade yourself and don't on someone else's signal to trade.

[Reatim]

don't waste your time and money mate , you will only facing a possible scam or stupid advises  , better to do your homework instead because do not forget that your money is your sole responsibility and not theirs .
and prevent from joining people that will only have interest in taking your money and not to make you grow.
in this market there are so much like this and only few that will care for your funds.

One of the core ideas behind bitcoin is to not allow a third party to take decisions regarding our money which we may not agree with.

but that is the sad thing and reality right ? that even us at one point believe or trust others that is why we are here now at crypto and I must admit that one of those is me , a cousin presented me crypto and to Good faith I trusted him and now I must say that I am already investors and successful in my crypto career.

lets not take in to credit our mentor but of course this is our money and this is our decision to make and not them to rely for.

However this not only applies to holding our coins ourselves and not on an online wallet or getting rid of most of our fiat and get bitcoin as it cannot be minted by governments, this also applies when it comes to the financial decisions that may change our lives, and while it may seem to be a good option to let a third party tell us in which coin to invest, when and how much, this goes against the philosophy of bitcoin, and as such a person doing this will not only lose whatever money is dedicated to follow those signals, in my mind they are not qualified to hold bitcoin and eventually they will lose it too.

lets simplify the thing here , and not to listen to this kind of third party but there are some third party that can help us and I must admit to experienced that wayback.

[FinneysTrueVision]

When adopting technology that can bring decentralization, it's of course always advisable to complement it with all sorts of centralization (e.g. from a messenger) you come across...

Speaking of which: What is the best Bitcoin-related community in the Lemmyverse?

These decentralized social media protocols are still fairly new and barely starting to get some adoption. Many Bitcoiners have been joining Nostr which is more like Twitter where there isn't communities organized around specific interests. The Nostr protocol offers better censorship resistance compared to Lemmy and most clients come with Lightning Network integration. Nostr can also be used to make the coinjoin coordination process more decentralized and less reliant on the current market leaders zkSnacks and Samourai.

[kotajikikox]

by just simply Googling about crypto signals ? you will clearly find these reasons why you should not even bother joining or listening to them.
here is what I found !!!!  >>>

5 Reasons Why Crypto Signal Groups Are Not Trustworthy

Ideally, all crypto groups will give reliable and precise signals, leading their members to spectacular profits. But this might not always be the case, as you shouldn't trust crypto signal groups.
https://www.makeuseof.com/what-are-crypto-signal-groups-reasons-you-shouldnt-trust-them/
For people Like us who have been here in Bitcointalk for quite a while? we already understand how this mostly scammers uses trading signal to victimized people and investors.

I remember being new in this forum  as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

These people earn money by promoting those coins and links and endorsements and they also charge money from users if they have created premium groups because they provide some signals which either work or not but they do make them look like they are working, a newbie that has absolutely no knowledge about trading at all would never basically understand how those signals are used so they end up getting losses every now and then.

I personally don't believe in all these signal groups because in my opinion, they don't provide accurate signals in the first place and they are always busy either promoting projects or their premium signal groups so that they can get people to join that and they charge them money for it.

that is what even google wanna say, and from our years here in bitcointalk ? we have seen so many dramas and scamming from those Signal provider and even luring people from wrong direction

[Xampeuu]

I have been referred to join some signal groups but considering how everyone is claiming to know almost everything about Bitcoin trading which they did not, resulted in many people losing their money because of Crypto signal groups, where they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to sit back and watch how the trade will work, on the contrary, it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from other traders, I was able to deduce that not all group signals are false and that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

Don't fall victim to these groups promising to send signals while in the end, they are only interested in taking your money, yes there are legit signal groups out there but are few, and they charge a huge sum amount of money for their signals. If I may suggest, you should avoid trading leverage or future trading because I guess that is why you are looking for a signal group to buy Bitcoin and HODL. However, if you want to engage in Bitcoin trading, the best is to trade yourself and don't on someone else's signal to trade.

indeed trading alone however will be better than following signals even though it is a premium, but for those who are beginners it will be difficult to start from, and of course by looking at the signals provided it is a learning process, and of course it uses initial capital, with big risks. therefore setting aside a little capital to start with so that later he understands more and can be creative to find his own trading style. at that time it was indeed the most suitable to place most of the capital to buy bitcoin and hold it until the bullish season was gone, but learning short-term trading must also be started to get daily income, and one day we will surely reach that point

[ZAINmalik75]

So what do you guys think, let's share knowledge.

Personally I will not prefer such kind of signal groups as because most of them are scammer they just put fake old profit images and claim that they and all the premium group user won this but in reality thier is nothing, also they add High number of fake user and views to make his group look like geniuen, All of these fake things they do just to attract user and stole thier funds,
So the best things is to go out search by own and get much possible knowledge which will help you to do your own technical Analysis, if by chance you book some loses by your own TA then in a exchange it will provide you a lesson as well as experience,
In last you can join such free signal group to collect just knwoledge not more than this..

[AnonBitCoiner]

Joining bitcoin group is not a bad idea because you can learn lots about the upcoming bull run and bear market and lots of information about ups and downs are available but using your own mind is also necessary as the given information are not correct always sometimes own prediction is needed.
Try to join those groups who will not ask you for giving any payment as if they become fake you will loss your money and will fail to get the accurate Knowledge which will put negative effects on your decision to continue or stop trading.

[CarnagexD]

So what do you guys think, let's share knowledge.

Personally I will not prefer such kind of signal groups as because most of them are scammer they just put fake old profit images and claim that they and all the premium group user won this but in reality thier is nothing, also they add High number of fake user and views to make his group look like geniuen, All of these fake things they do just to attract user and stole thier funds,
So the best things is to go out search by own and get much possible knowledge which will help you to do your own technical Analysis, if by chance you book some loses by your own TA then in a exchange it will provide you a lesson as well as experience,
In last you can join such free signal group to collect just knwoledge not more than this..

This is the general advice and is true. But if you find a person who can trust, not only by your relationship with the person but also have the track record to trade well and share signals. Then take advantage of it. use its signals because you're lucky to have that opportunity. Some ask charge for it and some give free trials for a month. Test it out and see for yourself if what he is doing is working.

The most important thing is don't become too reliant on signals. Use the data as frame of reference to study and learn for your own how to read price chart and speculate future prices.

[CryptoHeadlineNews]

what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining.

Lolz. I have been victim of that, and I know how it feels to be told it's legit, only to find out it was a total trash. A very common telegram scam.

Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.  

Yes, but those could only be that of reputable trader, and not a random trading signal telegram channel whose ads you just saw on social media and joined hoping to get good signal, because one thing I have notice is that majority of those signal group whose ads seen on social media are scammers looking for newbies to scam just like they did to you and other people who joined that your group. But I think the only way to get a signal that is likely to be 50% true is when you join either live or online trading class host by an expert trader who decided to create a group to be share his/her free signal to
So for me, the only way to get a true trading signal group whose signal is likely to be at least 50% is by attending a trading class and joining their group, of which you never can tell, the trader may just decide anytime to just send free signal to his students.