Beware of fraud crypto analysts! - page 2.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: verita1 on April 11, 2020, 04:43:00 AM

I prefer to learn on my own that if I fall it is my responsibility.

I wish everyone in crypto would be like that but we tend to have more of those who like to depend on other and follow that "copy him and I get rich" attitude. I believe they got this from copying answers and passing school and with this mentality they copy influencer quotes which are more or less questionable.

Quote

A true influencer can offer some of their free knowledge on twitter and there you can prove its veracity.

Free knowledge is available everywhere on the internet. The problem is that the social medias currently have become breeding grounds for these self-proclaimed influencers who promote stuff to get paid and make it seem like that thing is too good while in reality they dont even care about the thing but only in the money. Some people are literally running their lives like this.

Truth is, legal scams have existed like this since a long time. But people never learn.

Jating

hero member

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Merit: 772

Quote from: TitanGEL on April 18, 2020, 03:39:45 AM

The main problem is; most of the newbies and those dumb traders are often believing and following the tips of those self proclaimed crypto analysts and gurus in all over the internet. They are vulnerable to losses because they do not know how to read charts and analyze trends.

It's a dreaded cycle to say the least, newbies fall for dumb traders and it goes on and on. And even those dumb traders are going to be exposed, they will continue with their gimmick because they know that someone can and will fall for the trap.

Quote from: TitanGEL on April 18, 2020, 03:39:45 AM

Observe most of social media platforms specially telegrams, there are many crypto trading signals groups and pump and dump groups that are victimizing newbies in the market. I recommend specially if your knowledge is still not enough, focus on acquiring knowledge and do not believe to those self proclaimed crypto analysts.

That's why to overcome this, one must learn technical analysis or at least some basic knowledge of it before you entering trading itself. And then continue to grow and learn as you go along with it. So that you won't rely to those so called experts.

TitanGEL

sr. member

Activity: 1036

Merit: 281

The main problem is; most of the newbies and those dumb traders are often believing and following the tips of those self proclaimed crypto analysts and gurus in all over the internet. They are vulnerable to losses because they do not know how to read charts and analyze trends.

Observe most of social media platforms specially telegrams, there are many crypto trading signals groups and pump and dump groups that are victimizing newbies in the market. I recommend specially if your knowledge is still not enough, focus on acquiring knowledge and do not believe to those self proclaimed crypto analysts.

MCobian

full member

Activity: 1190

Merit: 117

The best way to avoid scammers who make trading signals on social media is to learn how to read charts and learn using trading tools.
That way we can judge whether the trading signal we get is real or fake. There are many benefits, after all that we get if we can analyze
the market with its own capabilities, and the results are more accurate than joining a paid group.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: Yogee on March 16, 2020, 06:24:34 AM

Be careful of the influencers you follow on social media like twitter. There was one who was exposed recently of photoshopping his trades to fool his followers and get more subscribers to his paid group. He said he did that to make the images look better hehe. Please follow this thread https://twitter.com/Trapouts/status/1238598898559488000

Cointelegraph also covered the story https://cointelegraph.com/news/crypto-analyst-accused-of-photoshopping-trade-screenshots.

There will always be scammers who will take advantage of people's ignorance. Let's prevent that from happening to us by learning how to read charts on our own and not solely rely on free and paid signals from random people on the internet.

I have always known that most of them are fake and are living fake lives on social platforms.
But, when you meet them in real life you will know that they are worse than you lol. There are people who would do anything to just get famous on Twitter, Instagram and Facebook.

People just need that fame no matter what. When it comes to the cryptocurrency community, there are some influencers I do see and they will be saying things that are not even possible to happen anytime soon or at all. They will just say these things and mislead some of their followers who follow them sheepishly. When these people say something, it's best for you to do your own research and not believe them immediately.

Youghoor

sr. member

Activity: 1036

Merit: 275

It's very funny how they advertise their trades and the profits that they make out of trades they have executed. Most of them are lies and you should never heed to their calls. I had me a friend who used to tell me how much he has been making from some investment platform yet he is now asking me for money Grin

. This industry is full of scammers so y'all better stay safe!

online73

full member

Activity: 644

Merit: 101

Ecowatt.io

I, like many here, started by looking at cryptanalysts, not understanding the very essence of this market, and from the beginning I was only losing money. I would simply formulate - it is not possible to immediately understand - a cryptanalyst-scammer or person is simply trying to share his experience. It is necessary to understand that any analyst shares his personal experience and his own vision of a particular situation. You can warn people about fraud as much as you like, but new people come and make the same mistakes. My opinion is that the area of forex trading, exchange trading and cryptanalytics, this is an area in which, at first, the need for loss of funds is natural. A person must, through his own skin, feel the whole essence of the problem. It’s like a kind of tuition fee. Someone begins to understand earlier, someone later. It's just that swindlers very well use all the subtleties of human psychology, for this life is given to learn from mistakes. Fall to err, but rise and move on with the experience gained.

Lizzylove1

member

Activity: 858

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Christ The King

In 2017, my friend and I followed some influencer and we bought tons of lending coin, well these guys were paid in bitcoin and not in the shitty coins. This was a hard lessons we learnt. Today we do our own research and run away from self serving influencers who are out to make money.

fabiola!

sr. member

Activity: 714

Merit: 251

What i say is dont follow this frauds , they are 90% success rate they why the hell they are selling services

Newbies and lazy people follow this fraudsters for easy money and gift there money to them and lose everything

verita1

member

Activity: 1358

Merit: 81

I like Twitter for broad topics, about influencers whether in crypto and other investments that offer great profit, I ignore them. I prefer to learn on my own that if I fall it is my responsibility.
A true influencer can offer some of their free knowledge on twitter and there you can prove its veracity.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: jostorres on April 04, 2020, 03:03:12 PM

they are only good at making speculations and nothing else.

Something that even a layman can do after knowing the meaning of every term and having watched the market for a month or so. Then they go on advertising themselves as some financial advisor. Suddenly this person is so famous because they run a telegram group and gives out free and premium technical advise. Sounds familiar? Its the same scam some people have been pulling off. The worst thing is that they even give out their premium "advise" for free after a while once people have paid for it. Nice way to scam.

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I am not going to be mentioning their names, but they are the ones that will come on Twitter and say that the price of bitcoin will soon reach $500,000 and be deceiving people and when things don't go as they have said, they start whining that bitcoin is fake lol.

There are also the propaganda shills who plague reddit and make r/btc sound like r/conspiracy.

jostorres

hero member

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Merit: 586

Lmao this is so damn true Grin

. There are lots of scammers in this space, and I have seen a lot of them. I don't even have time to be following any one of the so called influences or whatever they call themselves, because I already know what they are.

There are some of them who are not true technical analysts, they are only good at making speculations and nothing else. I am not going to be mentioning their names, but they are the ones that will come on Twitter and say that the price of bitcoin will soon reach $500,000 and be deceiving people and when things don't go as they have said, they start whining that bitcoin is fake lol.

michellee

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Quote from: ?? on ??

Quote from: michellee on March 26, 2020, 01:36:47 AM

Why we should listen to them while we can learn by ourselves about bitcoin analysis, it is better we do by ourselves because they are not always right, and we don't know if they really have a skill in analyzing the market or not. You can read all about the analysis from them, but you should make your own analysis so you can compare what they say, and you can find more information that could be useful for you. You need to be careful when you read analysis from the analysts and don't trust 100%.

I think you can listen and read just for some knowledge but I don't think you should pay much attention to individual analysis to me, I mean, they're right and wrong at various times throughout their histories. They're not necessarily fraud for being wrong either, and not necessarily legit for being right!

That is why I don't use them as my main analysis because I've always made my own analysis, and I also read their analysis to get more information. Sometimes, their prediction can be right, especially if we can gather the information from someone who tells the right thing about the analysis. But sometimes, we can feel a lack of information because we need more time to get more information. If that happens, I think I will use my analysis to determine the time to trade.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: denzkilim on March 27, 2020, 04:12:33 AM

There are a lot of influencers like that and one thing should be in mind, never ever trust those influencers especially in social media platforms because the reality is they know nothing about what they are doing(the majority of them) and they are only luring people to their doom with their charisma.

Things like that have existed since a long time before bitcoin existed. People have tried to con others and get their money and run a living with these scams like how to get rich and all. If you do a search on Amazon you will find books filled with titles like these and concept behind them is to get rich by selling the book which tells about how to get rich. It is a nice scam and some wannabe noobs fall for these scams.

You have to use your judgement to decide what to take and what not to take. Use that brain that you were born with.

denzkilim

full member

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Quote from: target on March 16, 2020, 07:37:20 AM

He admitted he photoshopped yet there are still people following pay to be just in his paid membership group! Sweet. This can be done and he doesn't even have to photoshop anything if he just go there in the Wall Observer thread and then posts in his twitter whatever is posted in that thread. Easy money for asking $10 for each member.

So much publicity for the drama of Canfield and King that cointelegraph has to publish an article about photo manipulation.

There are a lot of influencers like that and one thing should be in mind, never ever trust those influencers especially in social media platforms because the reality is they know nothing about what they are doing(the majority of them) and they are only luring people to their doom with their charisma.

PANK21

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Bounty Detective

Quote from: Yogee on March 16, 2020, 06:24:34 AM

Be careful of the influencers you follow on social media like twitter. There was one who was exposed recently of photoshopping his trades to fool his followers and get more subscribers to his paid group. He said he did that to make the images look better hehe. Please follow this thread https://twitter.com/Trapouts/status/1238598898559488000

Cointelegraph also covered the story https://cointelegraph.com/news/crypto-analyst-accused-of-photoshopping-trade-screenshots.

There will always be scammers who will take advantage of people's ignorance. Let's prevent that from happening to us by learning how to read charts on our own and not solely rely on free and paid signals from random people on the internet.

I agree with you. Let us be aware of the things that can help us avoid the scammers. Always be updated to the news. Learn how to secure your accounts and protect your privacy. Read some articles about the things scammer interests most and don't click suspicious links that redirect to an unknown websites.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

Making decisions using patterns and indicators that you do not know is one of the fatal mistakes in trading and investing. Moreover, unstable traders who only went along with trends or instructions strangers on Twitter or telegram blindly (pump and dump signal crypto)in order to get big profits without considering whether the strategy is right or not. If you are still like that, just rely on the opinion of "influencers" then be prepared to lose. Try to care more about what you do, discuss with experienced friends, expand the network, it's better.

Sanugarid

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Quote from: ?? on ??

That’s a big risk when you just depend your trade on someone’s analyst without conforming the chart. We can make a lot of post of how good are tradings but most of them will not post their real losses. Be an analyst of your own, trust yourself and never depend to anyone, the risk will be lessen if you have the right knowledge.

The risk is really big when you are not in control of your trading table, Imagine you are walking around the park coz somebody told you that someone left a cash somewhere within its vicinity, how ridiculous isn't it? I'd prefer personal analyst than random people online who are trying hard to predict with their bare experiences, those who are paid are more technical and historical. But for most try to be an analyst on your feet, you can learn pretty much more than listening to someone else and it really helps personally.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

It's good to be informed and it's good to read some analisys, that might be helpful.
However, to rely only on analysts might lead you on a wrong track and make the opposite effect. Not all so called analysts are experts and don't have the hands on experience with market so if you make your decision how, when and how much to invest only based od such analysis that might not be good for your portfolio.

pawanjain

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Nothing lasts forever

Following others should be at the lowest priority in our bucket list because we must know the hard fact that if somebody is advising us for something then he must have done that already. If a trader is advising you to invest in a coin then he would have bought it at a better price already.
Don't you think that the influencer would be using the analysis himself first then be publishing it online.
Besides that, if the trader gives out a false analysis then you are the one who is going to bear the loss.
If you are able to use the internet then you are also able to learn trading and analysis yourself which would be a much better thing to do.
You will not only be able to do the analysis yourself but also bust other traders who make false analysis.

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