3. Paid trading tips, pump n' dump groups, Twitter, or other sorts of paid groups are not going to give you the right suggestions, in fact, their main goal is to squeeze some money out from you! Use Twitter and other such platforms only for remaining updated, not for decision-making
Can it be called a scam? Because its purpose is to rob money from newbies or newcomers, The trading signals that they provide only benefit themselves.
For example, [Bob] is a signal provider.
Bob said that this coin will give a very good profit today, then its followers will start buying it. And when many people buy it, the price of that coin will be pumped.
In this way, Bob has two benefits; #1 Bob's words will be proved true. Second, He (Bob) also sold his coins at a good price.
Correct me if I'm wrong