Must Read: Scams disguised as premium signal groups/channel

[poodle63]

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.

the thing that people should know about most of these paid groups are that, the signal giver doesn't even have any idea about their own signal, they just see some anomaly like sudden rise in trading volume as well as some good news and call it signal. its a good heads up for those that already observing the market in the first place and can see whether the coin have potential to ever rise, but definitely not something that anyone should just followly blind. thats why sometime you see some newbies went bankrupt,they choose to follow signal blindly, i've been following quite many signals in the past and its not a rare thing to see the prediction is miss.
these signal aren't financial advice, so better keeping ourselves from just flocking onto it, who knows the signal group owner might just be seeking for liquidation and you will become the food.
after all there are so many such cases that actually its quite an ordinary thing to see some signal group owner taking advantage of their member just for the sake of exiting the market.

[Awaklara]

the thing that people should know about most of these paid groups are that, the signal giver doesn't even have any idea about their own signal, they just see some anomaly like sudden rise in trading volume as well as some good news and call it signal. its a good heads up for those that already observing the market in the first place and can see whether the coin have potential to ever rise, but definitely not something that anyone should just followly blind. thats why sometime you see some newbies went bankrupt,they choose to follow signal blindly, i've been following quite many signals in the past and its not a rare thing to see the prediction is miss.
these signal aren't financial advice, so better keeping ourselves from just flocking onto it, who knows the signal group owner might just be seeking for liquidation and you will become the food.
after all there are so many such cases that actually its quite an ordinary thing to see some signal group owner taking advantage of their member just for the sake of exiting the market.

What is often found in signal groups is that signal givers say there is a possibility, or they provide several possibilities that could happen in the analysis given to their followers. So actually the signal is still a raw analysis result and needs to be reviewed for anyone who wants to use the signal.
But for those who don't have trading skills, all they need to do is follow the signals they get. So the consequences of the risk are also quite large.
Indeed, we don't know whether the signal was successful or not. because those who join the signal group may also benefit from the group. we cannot assume all signal groups have bad intentions. but to reduce risk, we must increase our knowledge and skills in trading.

[Patrol69]

There are many traders who join various signal groups and trade following those signals and are the ones commenting on such warning posts that trading following signals is risky. That is, on the one hand they follow the signal and on the other hand they discuss the warning of the signal. 

I don't understand why people are so fond of trading by following other people's signals. I don't trust other people's signals, we who follow trading signals may think that those who provide signals may have very good idea about trading and they analyze the market very well then they may give us signals. People who think like this and follow trading signals, I think there is something wrong in their thinking because they are not that much experienced about trading. Maybe a very small number of trading signals match them to some extent, it will happen to you as well, when you give out ten signals, one signal will definitely go in your favor. So I think we should always stay away from such trading signal groups.

[Out of mind]

There are many traders who join various signal groups and trade following those signals and are the ones commenting on such warning posts that trading following signals is risky. That is, on the one hand they follow the signal and on the other hand they discuss the warning of the signal. 

I don't understand why people are so fond of trading by following other people's signals. I don't trust other people's signals, we who follow trading signals may think that those who provide signals may have very good idea about trading and they analyze the market very well then they may give us signals. People who think like this and follow trading signals, I think there is something wrong in their thinking because they are not that much experienced about trading. Maybe a very small number of trading signals match them to some extent, it will happen to you as well, when you give out ten signals, one signal will definitely go in your favor. So I think we should always stay away from such trading signal groups.

There are many people who take different signals in trading and face losses. Basically in terms of trading I think these types of signals give wrong decisions and most of their suggestions turn out to be scams. Basically, all other people take other's advice and trading signals hoping to profit, but they end up losing most of the time. I have seen several times that there are many channels that only offer scam altcoins, and they often take people's money. All of these coins signal where they once pumped, then dumped, and at some point in the future, the coin never came back to the top. Individuals who make such plans and trade by adopting different groups of channel signals will never succeed. It is true that one can be successful in the work one can do with one's experience, so one should use one's skills in order to advance in the future. When you trade, you need to know better and practice more knowledge so you can trade profit in future.

[Subbir]

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

Yes, Premium groups mostly work with their own members, have many members and deal with some token or coin owners, and never give any information about the market at all, because I think many groups' admin market. Have no idea about it. That's why they often share them for their next steps.

[South Park]

There are many traders who join various signal groups and trade following those signals and are the ones commenting on such warning posts that trading following signals is risky. That is, on the one hand they follow the signal and on the other hand they discuss the warning of the signal. 

I don't understand why people are so fond of trading by following other people's signals. I don't trust other people's signals, we who follow trading signals may think that those who provide signals may have very good idea about trading and they analyze the market very well then they may give us signals. People who think like this and follow trading signals, I think there is something wrong in their thinking because they are not that much experienced about trading. Maybe a very small number of trading signals match them to some extent, it will happen to you as well, when you give out ten signals, one signal will definitely go in your favor. So I think we should always stay away from such trading signal groups.

There are many people who take different signals in trading and face losses. Basically in terms of trading I think these types of signals give wrong decisions and most of their suggestions turn out to be scams. Basically, all other people take other's advice and trading signals hoping to profit, but they end up losing most of the time. I have seen several times that there are many channels that only offer scam altcoins, and they often take people's money. All of these coins signal where they once pumped, then dumped, and at some point in the future, the coin never came back to the top. Individuals who make such plans and trade by adopting different groups of channel signals will never succeed. It is true that one can be successful in the work one can do with one's experience, so one should use one's skills in order to advance in the future. When you trade, you need to know better and practice more knowledge so you can trade profit in future.

And even if we were to assume that there were some good signals groups out there which could give good signals, not much would change, as even if you were to give a newbie trader clear instructions about what to do and how to do it most of them will lose their money anyway, and I know this is true as there have been experiments like this being conducted on the past by famous and successful traders and this is exactly what happened.

[dansus021]

To be honest, I joining multiple signals back couple years ago although im started to delete all the channels and exit from the group it is because simply drove my emotions back and forth and the result is not like they advertising it. It is always better to lose by my own signal than use a paid premium signal.

I used to pay 3-4 group signals and what you have said is exactly what they doing. The last signal that I paid came from the instagram ads and basically they want my profit and ending up the signal provider is run away from my 100$ deposit what a joke. after all happened Im not going to buy crypto signal again

[TheUltraElite]

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.

A method that has been used since the start of speculative trading and even today can run in unregulated markets without the people running it from facing the legal route. Thing is that many people who are trading want easy money and they want this type of predictions/signals - all those terms mean the same thing, literally saying that they want quick and easy money.

Some of them are naive and gradually understand their folly and leave these groups but then everyday newbies come in which keep the members in a steady state.

[JayTrain]

You are 100% right, most of these channels are Scam and simply make money from gullible newcomers.  I am surprised by the fact that they ask for quite large amounts, and of course there are people who join these channels.  By the way, I am a member of several channels where these signals are free, I once tried to trade and it didn’t really work out for me.  I don't really trust this topic.