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Topic: Do not blindly trust telegram trading signals. - page 3. (Read 745 times)

full member
Activity: 658
Merit: 103
Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
As a matter of fact they are just using the members to ammas money to a shitcoin but they were the first one to purchase it and awaits the growing money then sell it leaving you stuck on holding and you are clueless on what are you going to do since you purchase a shitcoin that has no chance to increase unless you introduce or manipulate it just like having your own telegram signal.
member
Activity: 350
Merit: 10
Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.

It is really good to see the signal if trades for yourself other than basing your decisions to others. Telegram groups which give signals on trade usually receives money or being paid by some admins to promote their coins. So it would be best to trust only your intuition in deciding when and what to trade.
hero member
Activity: 2352
Merit: 594
Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.


I agree with you. Some telegram updates are not reliable and they sometimes bring us unnecessary confusions which is quite hard for us to move with right decision making. Some of them aren't making enough information and accurate update about a certain project.
hero member
Activity: 994
Merit: 502
Its going as a kind of business where users were provided with regular free trading signals. Some gets a perfect coincidence with the market depending the signal provided. This lets them to registered as a premium member who pays for the trading signals that's been provided further after certain time period of free service while the unsuccessful leaves. This way an earning is made by those groups.
sr. member
Activity: 641
Merit: 253
▰▰▰ Global Cryptocurrency Paymen
Most of the telegram signal groups are made the only fort steal people's money. By following their signal you may earn 200 USD, then when again you follow their signals that time you may lose 400 USD! I was in a telegram pump signal group. I was new that's why I followed them blindly. Because every day they posted about their success. But by following their signal I lost my capital. And that day I promised myself that I will never follow any telegram group's pump signal.

Everyone should make their own formula in trade, you can't make success by following other trade formulas. So, it is better to read and make experience.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
I made a thread with detailed info on why pump and dump groups are scams:
https://bitcointalksearch.org/topic/an-insider-scoop-on-why-pump-groups-are-a-scam-3921159
full member
Activity: 581
Merit: 108
Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.
The best trading bots to use are those that have the dev teams can be reached easily unlike groups that send out various trading signals which are either copied from some other group or small person/group trying to maximise on their profits as these are usually not free.
member
Activity: 364
Merit: 10
The Exchange for EOS Community
Actually I don’t believe in the telegrams
because there are lots of scammers on that which can easily steal your money in just a single moment and you cannot do any actions to claim and get it back.
Yes, investing in Telegram groups is extremely risky, do not let yourself be the prey of the speculators, no value is really good free. Learn to self-assess the situation and invest reasonably with your own abilities.
member
Activity: 448
Merit: 12
First time I saw those groups I saw it as a scam or a Ponzi that tries to trick people from these signals, the number one beneficiary from these signals are the owners or admins of the groups as they have the privilege to buy some coins cheap then the members will get fomo acting as a pumping machine, I saw some of them offering some premium membership to their group don't rely or trust.
in any case, groups or user societies of crypto currency are created that are looking for opportunities for management or ways of manipulating the market. of course their activities are very effective and directed to their advantage. But I think that we should not pay attention to this, because we can not influence anything.
full member
Activity: 476
Merit: 105
First time I saw those groups I saw it as a scam or a Ponzi that tries to trick people from these signals, the number one beneficiary from these signals are the owners or admins of the groups as they have the privilege to buy some coins cheap then the members will get fomo acting as a pumping machine, I saw some of them offering some premium membership to their group don't rely or trust.
newbie
Activity: 127
Merit: 0
I would not trust the signals that telegram chats give. In most cases, these signals are just a guessing game. Learn to trade yourself, since this skill will never be lost to you.
sr. member
Activity: 630
Merit: 258
Actually I don’t believe in the telegrams
because there are lots of scammers on that which can easily steal your money in just a single moment and you cannot do any actions to claim and get it back.
member
Activity: 322
Merit: 12
For the trade I do not believe in any news coming from the telegram line. I always face scenarios like this. There are always people on the telegram who give their predictions on coins. I have to compare it with my trading strategy first.
member
Activity: 364
Merit: 10
Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.



Generally, theres no such thing safe in crypto espescially in trading, relying others in every decision you make are the worst thing,overall success is being achieved by a hardwork based on fundamental principles, right habits and experience.
sr. member
Activity: 616
Merit: 252
Signals from the Telegram group are an opinion of ordinary people that you should not listen to. And do not subscribe to such groups at all. You have to learn the trade and trade yourself.

This should be the way however there are some people who would be better off relying on the signals because they are just lazy to study trading themselves. They will learn their lesson sooner or later anyway as most if not all the signals that are given in telegram are pre-pumped because the admin of the group obviously bought before every one else and will dumped it to its members upon the announcement of the coin. Many coordinated pumps are done in telegram and if you are really willing to be a profitable trader then make your own analysis and have your own strategy. Do not depend on someone else.
full member
Activity: 588
Merit: 100
Telegram channel of crypto trading is help to know and to decide which good crypto to buy, but before take any decision for the better learn first and always DYOR , so all decision will become our self responsibility. That telegram actually very helpfull for trading but their signal not always accurate and that why we should make research first before take decision.
sr. member
Activity: 499
Merit: 250
Chainjoes.com
I see a class teach us how to make a signal channel with some trick to collect money from noob. dont believe anything on internet
newbie
Activity: 322
Merit: 0
Signals from the Telegram group are an opinion of ordinary people that you should not listen to. And do not subscribe to such groups at all. You have to learn the trade and trade yourself.
full member
Activity: 353
Merit: 100
Many of the telegram groups which give signals are run by the same people, I have noticed on multiple occasions of the groups giving the same signals. Many of the groups also conduct coordinated pump and dumps, and they usually send it in all the groups to gather a greater audience. Although some of the signals turn out to be correct, always do your own research before making a trade.


I agree with you. Some telegram groups are not reliable and it is not actually accurate and in the latest happening in an ico. However, if the telegram is really accurately connected to the project, it is just fine to trust it. It is still best to gain news in their forum and whitepaper.
legendary
Activity: 1526
Merit: 1179
Furthermore, If you want to achieve your goal, then you must make a great effort, feed your mind with something useful, and help yourself with your own self.
It doesn't even need to be that much of an effort. If we look at the last years, then hodling has consistently been the best way to generate wealth. Trading for most people is a guaranteed way of losing your capital.

In this industry there also is no way to properly and safely invest in something that generates you passive income. Everything requires you to let an external party hold your coins for you.

And the few genuine options that are available, which seems to be related to lending only, pay out only a percentage or two at most. This industry had years to grow and still nothing changed in that regard.
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