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.

[1715514431]

1715514431

[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]

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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.