Must Read: Scams disguised as premium signal groups/channel

[doomloop]

1. If they can help you earn so much profit they would already be ultra rich and wouldn't be spamming your inbox to join their paid group
2. Why don't they share the daily report or weekly to check their accuracy percentage
3. Why don't they make it free even on trail basis so that users can get a first hand experience and join

Most people don't understand these things, and the creators of such groups and channels always target newbies because they know newbies tend to be more vulnerable since they lack the necessary knowledge to understand their tactics. They know that if experienced traders or users join their groups, they will expose the tactics and techniques that they are using to earn money, this is also the reason why they don't allow anyone to send messages to the groups.

People who are new in the market and have always heard that it's very easy to earn money through cryptocurrency trading will fall victim to such things because when they see the profit screenshots, they don't think about all these points and they start thinking that they've got the address to the place that can make them earn a lot of money in a very short period, only to realize it's a mistake once they lose a bunch of money.

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[sana54210]

No one can yet predict exactly what will happen in the future so it is not important for us to believe about what cannot happen according to what they predict, it would be better for us to study first to be able to avoid people like that because When we understand it well, we will be able to avoid these signal giving groups so that we can avoid making decisions in investing or trading.

They trick people by saying they will pump certain coins when that is not what they mean. They didn't say clearly that what they meant was to get people who joined their channel to start buying their coins.
That would obviously raise the price of his coin so that people in his group would think it was a pump done by signalers.
There are many things they can do to deceive people who join their channel, especially to get money from these people.
They'll make their channels paid, and they'll say they're an elite trading group and stuff.
That's why we have to be careful if we see an offer to join someone's channel.

Unfortunately there are way too many people who fall for it. These groups rarely have the power to pump anything, and they act like they can, they act like the yare more powerful then they really are. The problem is that they need your money to do it, so they will tell you what will go up, and everyone jumps in all together, which pumps it of course and then they take the credit for it. I am sorry but that is not normal and should be avoided as much as possible.

You can't really make it work like that, it is not the ideal way and it would hurt most people who are too late to sell. The ones that gets the most hurt are the people who do not sell first, and they hold too long, and it crashes, and they are holding some shitcoin because they were too late.

[TheUltraElite]

They even have free and premium memberships for the groups.

Just imagine, someone is selling you rotten eggs and to get those rotten eggs you need  pay an entry fee. Its a multi-level scam operating in unregulated waters. People just have to learn to avoid these scams and not jump into the gutter.

Only remind them of the first few lines from the OP - if they really had such cool predictions, they would not share it with the world but be rich themselves. Remember that rich people dont come among the common chatrooms, they live their lives in private.

[Vaculin]

Doesn't matter how good you are at analyzing scams and legit things that will always be people / scammers coming with new ideas every day.

That's true that they're coming up with new ideas every time they're being busted with their former method.

But the good thing about being a good analyzer of these scams is that  you're able to provide info to the ones that don't have an idea yet of that scam you've figured out.

That's why sharing it to these forums like BTCTALK is one way to go and if they listen, that's good but if they don't, that's their loss.

These signals groups have been long debunked but still they exist because many don't listen.

Scammers will always want to outsmart people so they try to improve their strategies every now and then so that victims will still fall for their new traps. Otherwise, if they stick to a single strategy and get caught, then they can't no longer scam anymore and the means  to gain their income will suddenly stopped, one reason that they should always improvised their strategies no matter what.

However, no matter how brilliant their new ideas are, there are still few people who can easily tracked their scams and prevent them from scamming. But in most cases, their accusations are not given value, instead people chose to believe on the too good to be true scammers that are using their mask just to deceive their future victims.

[tjtonmoy]

However, no matter how brilliant their new ideas are, there are still few people who can easily tracked their scams and prevent them from scamming. But in most cases, their accusations are not given value, instead people chose to believe on the too good to be true scammers that are using their mask just to deceive their future victims.

The same goes for people who don't have enough knowledge about scams and scammers. People who don't know how those scammers operate and what kind of strategy they are making in order to scam them, it is really easy for them to fall for it. Scammers could get away with their former strategies if the people they are scamming doesn't know about it yet. Once you see it or face it, you know it instantly that it is a scam. Even if you can't tell that it is a scam, you try to avoid anything similar to it. This is why people here in Bitcoin talk forum has been saying this over and over again. If you don't have the ability to learn it on your own and do it on your own then trading is not for you.

Sounded a bit harsh there, doesn't it? Well however it sounds, it is for our own good. If you can do it on your own it is not meant for you. It is that simple. If you don't believe this and follow others, you'll end up being scammed. Unless you learn it on your own you should never trade.

[Mahanton]

Doesn't matter how good you are at analyzing scams and legit things that will always be people / scammers coming with new ideas every day.

That's true that they're coming up with new ideas every time they're being busted with their former method.

But the good thing about being a good analyzer of these scams is that  you're able to provide info to the ones that don't have an idea yet of that scam you've figured out.

That's why sharing it to these forums like BTCTALK is one way to go and if they listen, that's good but if they don't, that's their loss.

These signals groups have been long debunked but still they exist because many don't listen.

Scammers will always want to outsmart people so they try to improve their strategies every now and then so that victims will still fall for their new traps. Otherwise, if they stick to a single strategy and get caught, then they can't no longer scam anymore and the means  to gain their income will suddenly stopped, one reason that they should always improvised their strategies no matter what.

However, no matter how brilliant their new ideas are, there are still few people who can easily tracked their scams and prevent them from scamming. But in most cases, their accusations are not given value, instead people chose to believe on the too good to be true scammers that are using their mask just to deceive their future victims.

They would really be continuing to evolve because we know that people does continue to evolve too and get wary about their scamming attempts or schemes. Once it would be already bust up then it wont really be working furthermore specially if its exposed then there's no way that  they could victimized people that easy. This is why we should really be that careful on dealing up with things which are really that too good to be true because there's no such thing on this world would really be that pertaining about easy money. Everything could really be that so hard specially on making money or profits. Now that we are talking about premium groups or channel on which you would really be still needing up to think on how they would really be accepting out some subscription amounts if they are really that making that huge money? If you do make use of your own common
sense then you would really be eventually be able to make yourself that wary about on how things should works and its realist approach towards it.

Never ever make yourself do easily believe on what those groups are trying out to proclaim because those are really just that normal sweet words on which most newbies would easily fall on
specially into those people who are really just that starting trading on which they do really get easily hooked or victimized with these kind of places. Although there are free and legit
ones on which i dont see for it to be bad on joining them as long you arent paying something.

[taufik123]

-snip-
Never ever make yourself do easily believe on what those groups are trying out to proclaim because those are really just that normal sweet words on which most newbies would easily fall on
specially into those people who are really just that starting trading on which they do really get easily hooked or victimized with these kind of places. Although there are free and legit
ones on which i dont see for it to be bad on joining them as long you arent paying something.

The free and legitimate one that you think is good enough to join, is the beginning of someone starting to join the channel or the paid group,
because advertisements from paid channels will continue to be displayed by providing news about profits every day and such.   

So it should be more vigilant with advertisements that continue to appear.
The service or type of channel provided also has several classes according to the price given for each channel.   

Joining a free or even premium channel and group I have felt and in the end when Bitcoin is still in the bearish trend no more predictions are given and everything stops. 

[poodle63]

Scammers will always want to outsmart people so they try to improve their strategies every now and then so that victims will still fall for their new traps. Otherwise, if they stick to a single strategy and get caught, then they can't no longer scam anymore and the means  to gain their income will suddenly stopped, one reason that they should always improvised their strategies no matter what.

However, no matter how brilliant their new ideas are, there are still few people who can easily tracked their scams and prevent them from scamming. But in most cases, their accusations are not given value, instead people chose to believe on the too good to be true scammers that are using their mask just to deceive their future victims.

one thing that these scammers seemed to always offer is overpromising, and most of the time by considering the fact that someone is overpromising already could save a lot from being scammed by these irresponsible individuals.
if people are so eager in following signal they should also know how to analyze then they'd have capabilities of differentiating bad signal and the ones that actually genuine at glance.
I think there are many people that use signal just for the sake of giving them heads up but then they proceed to make their own analysis, for veteran trader analysing is matter of just taking look at the chart at glance and knew what going on because they already have the experiences for it.
but for newbies, it'd be a big deal because they just understand whats going on so they blindly just follow whatever these signal are giving information about.

[Fuso.hp]

No matter how premium the signal group is, the signal group can never win my trust. I never trust this type of signal group. No matter how trustworthy a signal group is we cannot rely on them directly and blindly buy any coins. I never follow trading signals when it comes to trading. My question to those who follow the trading signals regularly is how much profit you got by following the trading signals regularly or how accurate these trading signals seem to you. I don't trust others to invest money. If their signal worked I don't think they would have shared that signal with anyone else they would have made more money trading their strategy. I think we should try to do something ourselves with our leave from such trading signal group. Even if you make a mistake in your work, you can learn something good from it.

[lombok]

They even have free and premium memberships for the groups.

Just imagine, someone is selling you rotten eggs and to get those rotten eggs you need  pay an entry fee. Its a multi-level scam operating in unregulated waters. People just have to learn to avoid these scams and not jump into the gutter.

Only remind them of the first few lines from the OP - if they really had such cool predictions, they would not share it with the world but be rich themselves. Remember that rich people dont come among the common chatrooms, they live their lives in private.

This made me grin a little. Are the owners of this signal group really good at trading or are they just making money by fooling their members? And what doesn't make sense to me is that newbie traders and even old traders are also willing to pay for these signals or groups of signals and sometimes complain if they suffer losses. Yes, as you said, most skilled people will use it for their own benefit. Doesn't analysis and trading require concentration and time discipline to get maximum results? why now switch to managing signal groups? which might break your concentration due to comments from members? Or is the group signal profit bigger than the trading profit? Or is this just a ploy to raise money so that the signal owner's portfolio will grow?

Many of the signal group and pump group scammers have been exposed for their rottenness. For the sake of profit, they are willing to drain their members' money. Unfortunately newbie traders still believe in this, it's ridiculous!

[Peanutswar]

We know that people are lazy and just sit around but they would like to earn money and some of them see potential in joining the cryptocurrency groups and channels that are good for making an investment, and, one of their best solutions is to join this, wait for the signal of the other people, make an investment and let this earn. But by the end of the day, they are letting other people decide where they invest without any assurance if this is right or not.  Even though it takes time to learn trading fundamentals its really worth because at the end if you can now make to do your own trade you can now decide which is the real one really ideal to make a position and not just being dependent to other people.

[pinggoki]

I think it's a common sense that no one can predict the market so it should also be a common sense when someone is trying to get you into a signal group and that their calls are accurate to the teeth which most of them tells you so you join in their group. I can tolerate those free signal groups but the ones that are asking to be paid is just deplorable like dude, how can you make this kind of mistake? You should be building a community but then again, money is such an attractive thing so they always go for making their groups a paid one even though the predictions are off or not even that accurate. Unless someone in that signal group is doing insider trading and many other things which I doubt a thing that someone with insider knowledge do which is creating a signal group, with insider trading you should just do what Bernie Madoff did.

[synchronym]

Most of the times people who are new to this forum make these mistakes because they don't have that much knowledge. Because of that all these groups target newbies. Those groups understandably try to trap newcomers in various ways. So newbies should find out the right things without falling into their traps. Earn lots of money in currency and become rich overnight. They must have enough knowledge about Bitcoin to avoid falling into this trap or else they could be at risk.

[Best-mary]

Before I go any further I would like to clarify that no one can predict the market and I am going to shed some light to the modus operandi of those signal mafia as they add you to their group which is created to attract customers where you will find screenshots about how their signals has helped members to earn a lot of profit and even you can earn huge amount provided you join their premium channel:

Here are some basic questions we need to ask ourselves:
1. If they can help you earn so much profit they would already be ultra rich and wouldn't be spamming your inbox to join their paid group
2. Why don't they share the daily report or weekly to check their accuracy percentage
3. Why don't they make it free even on trail basis so that users can get a first hand experience and join

My observations after being a part of a paid and few free group who provide limited signal for free users and more for premium:

1. Let's say they make `6 predictions/signal a day and even if 5 signal fails they will still share screenshots about that one signal which was succesful and it's a simple maths lets say you have $100 and you divide that investment between 4 bets which the channel/group has to offer and you go for long/short based on the update by splitting $25 each and end up losing everything in 3 signals and gaining 200% (inflated number just to explain) from 1 signal they will take that screenshot and start marketing and use it as bait but you will only have $75 though you won 200% in one coin but lost in other three and maximum number os users will lose everything.

2. Why don't they make a report though it can be manipulated, still sharing a daily report or weekly report to define the profit and loss which members have incurred will help other to decide whether it's worth joining or not. But if they start sharing it, trust me no one will join looking at absolute numbers.

3. If they make it free trail then users will understand it's a trap and will not join the channel/group

4. They will have 4 stage for take profit and if it hits 1st target and liquidates while you are waiting for 4th target to be achieved still they advertise that you have got a profit of 1st target and vice versa

Conclusion:
Rather go for technical analysis nad learn to read indicators and back test the data you will be in a better position to trade rather than joining paid groups.

I'm not a fan of indicator but I grab what you're saying here OP. I always tell my friend that anyone who collects money to trade for someone is something to have a deep thought about. Fine! If you don't know how to trade why not the person try copy trading at least there you can share 10%10 of your profit with the elite trader who's trading for you. It is kind of different because you need the elite trader service unlike all these paid groups that will come to DMs and show what is not true

[TheUltraElite]

This made me grin a little. Are the owners of this signal group really good at trading or are they just making money by fooling their members?

They are good at manipulating the members for sure, if not they are amatures at trading but able to make use of buzzwords well enough to catch their attention.

And what doesn't make sense to me is that newbie traders and even old traders are also willing to pay for these signals or groups of signals and sometimes complain if they suffer losses. Yes, as you said, most skilled people will use it for their own benefit. Doesn't analysis and trading require concentration and time discipline to get maximum results? why now switch to managing signal groups? which might break your concentration due to comments from members? Or is the group signal profit bigger than the trading profit? Or is this just a ploy to raise money so that the signal owner's portfolio will grow?

Some signal group owners pump their own coins, other just raise money from the membership fee and feed bullshit to the members. It varies but either of them is a scam that you cannot bring justice to in a court of law.

Many of the signal group and pump group scammers have been exposed for their rottenness. For the sake of profit, they are willing to drain their members' money. Unfortunately newbie traders still believe in this, it's ridiculous!

They are anonymous groups and on telegram its so easy to create such groups which allows them to continue operating under new names.

[lombok]

Some signal group owners pump their own coins, other just raise money from the membership fee and feed bullshit to the members. It varies but either of them is a scam that you cannot bring justice to in a court of law.

This is very related to several pump groups that have gone viral in my country, their method is to buy coins before pumping then after they finish buying, they will do a buzz so that their members buy the coins, as a result after the pump reaches thousands of percent the pump group sells them until a quick dump occurs back to the initial price. This causes large losses that vary for each member. Some people with capital of $7000 end up with $80. Some even wanted to commit suicide because they experienced major losses. This is very unfortunate due to the lack of awareness among members. In fact, there are still those who remain in the bullshit group.

This group always creates new pump groups with the same owner and crypto address 🤦‍♂️

The signal group itself has also recently had a lot of members experiencing big losses due to shorting when Bitcoin experienced a price rally from 26K to 38k yesterday.

It can be seen from this that each signal group has weaknesses even if we use a good MM. In essence, it is up to ourselves to consciously organize and carry out trades. If we feel that trading is detrimental every time we do it, then most likely investing by buying and holding is the solution.

[shawonngp]

Here are some basic questions we need to ask ourselves:
1. If they can help you earn so much profit they would already be ultra rich and wouldn't be spamming your inbox to join their paid group
2. Why don't they share the daily report or weekly to check their accuracy percentage
3. Why don't they make it free even on trail basis so that users can get a first hand experience and join

These 3 points is enough to realize they are scam and fake traders. My telegram is full of such scam paid groups, I don't know how i added in such groups. Paid signal is big scam  when i asked to myself about such points here you discussed greatly. They don't need to sale signal if it works then they would have already become millionaires.

[TakeItEasy]

Most of the times people who are new to this forum make these mistakes because they don't have that much knowledge. Because of that all these groups target newbies. Those groups understandably try to trap newcomers in various ways. So newbies should find out the right things without falling into their traps. Earn lots of money in currency and become rich overnight. They must have enough knowledge about Bitcoin to avoid falling into this trap or else they could be at risk.

After knowing such facts some newbie are mistakenly done these acts through which they are affected by these scammers and they are in loss even I had already seen people who love to get the signals through the groups and thoroughly they are waiting for the other admin of the group who just send them the signals and they share these signals in other groups.

In fact I'm not following any of these by doing my trade anywhere because I had knew about them they are only scammers who just take money from us and they never give us even a better signal in any aspect. May be some of their signals are on the right track but they also copy their signals from other groups and they share in their own group which I think is bad.

[lalabotax]

Here are some basic questions we need to ask ourselves:
1. If they can help you earn so much profit they would already be ultra rich and wouldn't be spamming your inbox to join their paid group
2. Why don't they share the daily report or weekly to check their accuracy percentage
3. Why don't they make it free even on trail basis so that users can get a first hand experience and join

1. It really makes sense what you said. One of the reasons why they want to share signals, both free and paid, is that they want to share so that other people can also benefit and can get good profits from trading, so that they are not the only ones who can do it. Well what I mean is: is anyone really this good? I'm sure no one will be 100%, because they certainly won't reveal their other secrets to gain profit. Because after all, money is too sweet.

2. That's it. Even though they are sure that their signals are good and always work well. but we can't be sure, can we? The only thing I see is that they share screenshots of their success in the market with several percentage increases. Not the entire portfolio. They will say that it is secret of course, and yeah it is. 

3. Generally, they will usually have a free signal group, but of course there is less access to get a signal. Meanwhile, for those on VIP or paid signals, there will usually be more signals and also several market condition tricks. However, this cannot be confirmed as true. So what is more certain is that we still have to master market analysis well so that it can only be an additional method for considering our analysis.

[Essential10]

This presents a warning to all nations. Scams often use the lure of different signal groups or channels to exploit people. Many scammers use multiple promises and make offers that mock the insecurities of the workforce and siphon off their money. For starters, never trade your personal or general information or stay with anyone who asks for your valuable information. Avoid committing to any additional offers. Prioritize your financial security by avoiding sharing personal or sensitive information unless you are absolutely sure of the legitimacy of the source. Caution is the key to staying safe.