Yea, they are extremely effective at scamming newbies and idiots, hence they are effective in achieving their primary purpose.
The signal/pump side of the equation is a front, only those in the inner circle (founders and sometimes premium members) can profit from them, whereas those on the outer fringes will be left with bags.
It is best not to play this game, you will almost certainly lose your cash.
Topic: Do Telegram Singal groups work? - page 4. (Read 694 times)
I have been a member of Telegram for a while now and I noticed that there are these signal groups there which are like of like pump groups. They have a VIP GROUP then a normal unpaid group.P. I day trade a little and notice that everyday coins get pumped by these groups and as we have no new money coming into crypto it is the same money being pumped and dumped in projects. Is anyone here a member of such signal groups and do you actually make a consistent living or gains from these types of practices? I am looking for a way to consistently make 30 usd a day for survival purposes through this bear market because I can no longer do this from normal day trading or bounties.
Some of them still do work but not most. It stopped using those signals since they can't really give me an accurate signal for a trade but I think that doesn't conclude if they still work or not.
There are some channels that are usually paid and that care about their reputation so they will not impose a trashcoin purchase on their subscribers. I can honestly say that some of them are really work.
No one says that you should follow their signals blindly. For example, when I see that it's proposed to buy some coin, first I try at least learn a little about it and then decide whether to buy or not.
The main problem is that you must have knowledge of the market to make your own judgment.
No one says that you should follow their signals blindly. For example, when I see that it's proposed to buy some coin, first I try at least learn a little about it and then decide whether to buy or not.
Do Telegram Singal groups work?
No, not for the average user. They are simply pump-and-dump scams being poorly disguised as something else. By the time the signal is put out, the small handful of group leaders have already loaded their bags and are waiting to dump on you. The only people making profit are the people running the group - they only want you there because they need suckers to dump on.
As with everything in life, is someome is promising you fast, easy, risk-free returns, then you can be 100% sure it's a scam.
The nature of Telegram Singal groups is pumped coin. They put out signals for the members in order. I think for this groups risk entirely probable.
We should only refer to the signals they give. The main problem is that you must have knowledge of the market to make your own judgment.
We should only refer to the signals they give. The main problem is that you must have knowledge of the market to make your own judgment.
Earning on pump and dump grups is like trying to earn in casino. Its not even high risk high reward. Its high risk, low reward. When signal hits telegram coin is instanlty pumped by bots and you, with human reaction - creating order in 3 sec will buy on +100% and sell at +110% (5% profit) and win or buy at +100% and miss opportunity and sell at +10% loosing amost 50% of your investment. Its alwais gambling. I've tried at liest 10 pumps. Jumping into first wave, secod wave, trading on higher volatility and manny more and finally stopped with conclusion that it is possible to earn but 1 lost trade will eat 10 win trades makes it all gamble.
One pump that i've took part in was stopped by 50 btc sell order at +50% and than dumped by users to -30% from inition price. These is example of trade that eats earnings from 10 win trades.
One pump that i've took part in was stopped by 50 btc sell order at +50% and than dumped by users to -30% from inition price. These is example of trade that eats earnings from 10 win trades.
I have been a member of Telegram for a while now and I noticed that there are these signal groups there which are like of like pump groups. They have a VIP GROUP then a normal unpaid group.P. I day trade a little and notice that everyday coins get pumped by these groups and as we have no new money coming into crypto it is the same money being pumped and dumped in projects. Is anyone here a member of such signal groups and do you actually make a consistent living or gains from these types of practices? I am looking for a way to consistently make 30 usd a day for survival purposes through this bear market because I can no longer do this from normal day trading or bounties.
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