Do You Use Crypto Signals? - page 10.

uswa56

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Quote from: Yamane_Keto on October 05, 2023, 05:09:10 AM

If we assume that Crypto Signals are real and not a scam, then you are relying in your trading on someone who is doing it on your behalf and you are trying to copy what he is doing. If you do not know how to generate your own buy and sell signals, then you are not a trader, but rather a depositor, just as happens in bank deposits, but The difference here is that no one guarantees your money or guarantees that you will achieve profits.

The closest thing that can be implemented safely is to have a decentralized Crypto Signals pool, but I do not know if there is such a service.

No one knows for sure what the price will be in the future and the signals are just that person's assumptions or predictions, and it all comes back to us to follow it or not, but it's true that if we just follow it then we are not a trader.
I think signals from people we trust are quite important as reference material for the predictions we have made, so these signals become material for us to consider again, not necessarily following them from anyone else.

Beparanf

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Quote from: songyan0400 on October 05, 2023, 06:44:49 AM

Yes. One of the strongest algorithmic trading strategies for maximizing gains and minimizing losses is the use of crypto signals. This feature gives traders the chance to avoid wasting time looking up new trading methods. Keep in mind a few crucial details.

The OP describes those trading signal subscriptions that offer buy and sell signal in free or paid membership. This is not the typical trading signal using indicator and chart patterns to determine perfect entry but rather you are just relying to a pump and dump signal given by whoever trader controlling the signal group.

Using indicators combined with fundamental analysis is the best way to trade properly to increase win chance rate instead of relying in crypto signals given by random group or trader that obviously just misleading their member for their own benefits.

_Hiloveua_

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Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

I don't use crypto signals though but I hear from many people who have made good profits using the signal. But when I talk to them about the signal, they say 70% to 80% are correct. If I believe it. They also said to give 4-5 coin signals, when to buy and when to sell. The signal does not always hit the price. But most of the 2nd, 3rd number hit the point. As far as I know it takes money to make their signal group private and join.

songyan0400

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Yes. One of the strongest algorithmic trading strategies for maximizing gains and minimizing losses is the use of crypto signals. This feature gives traders the chance to avoid wasting time looking up new trading methods. Keep in mind a few crucial details.

TakeItEasy

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Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.
I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

Can you please show us which are the top 5? So, I should know about them. If they have good trading skills and better signals, I will join them. Also, tell me on which website you got information about them, as I searched for them but there were just Telegram Groups, I have seen so far on the first page.

Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?

I was using them before I was not free for the coins to research them about. But now, I am not going to trust them anymore, I have seen many of the users who have made their telegram paid groups, they took the user's money and are new in trading. And the signals they give, they just copy from other groups, which is not good at all. When I was using the trading signals there were not too many users who were providing them, but now there are many fake groups that are just taking people's money. So, I'm not using it right now.

Yamane_Keto

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If we assume that Crypto Signals are real and not a scam, then you are relying in your trading on someone who is doing it on your behalf and you are trying to copy what he is doing. If you do not know how to generate your own buy and sell signals, then you are not a trader, but rather a depositor, just as happens in bank deposits, but The difference here is that no one guarantees your money or guarantees that you will achieve profits.

The closest thing that can be implemented safely is to have a decentralized Crypto Signals pool, but I do not know if there is such a service.

wajik-tempe

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Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.
I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

The 80% accuracy claim is certainly appealing, but it's vital to get it how that precision is calculated and what it implies within the setting of exchanging. Success in crypto exchanging involves not fair precision but also risk management, timing, and understanding market patterns. Undoubtedly, seeing positive surveys can be consoling. Be that as it may, it's fundamental to keep in mind that online surveys might not continuously deliver the complete picture.

cafter

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I never traded by those signals,
But, I seen many ads on Instagram of these type of signal providing telegram groups, but in the comment many users written that it's fake and it doesn't works, they are scammer, etc.
some paid groups take the fee and run away with our money. most of them are scams, and some who provides genuine signals are not gods or professional analyst they also are normal trader who rely on some indicators and share signals. which are sometimes wrong and sometimes right like we trade by ourselves.

Gallar

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Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

~Snip
Do you use any crypto signals?

So far I have not used any crypto signals from any platform. Because I have more confidence in my own analysis and abilities. Although actually I can't be said to be an expert in trading on the crypto market. However, I am grateful because I always get profits which can be said to be quite large. In addition, the reason I don't use crypto signals is because I am afraid that my own dependency and abilities will not develop well. Because if I use crypto signals, I only follow the orders of the crypto trading signal platform. So even though at first I found it very difficult, especially in terms of learning (in the crypto field). However, after I went through difficult times when trading crypto by doing it independently. in terms of my abilities and experience, have increased very rapidly.

But even so, I don't consider crypto signals a bad platform. Because after all, the crypto signal platform does make it easy for crypto traders to get better results when trading. However, I personally don't take that route and prefer to trade independently and learn on my own.

Fuso.hp

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When I was new to trading I joined several signal groups. I have stopped following trading signals since I realized most of the signals are wrong while joining the trading signals group. As long as I have traded following the trading signals, none of the coins have increased in value according to their signals, so I decided that we must rely on ourselves to trade. Since then I have been trying to learn about trading myself without relying on others and trying to trade by understanding the market movement. I think it's a much better decision for me than relying on others.

Lakai01

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Signals in a market so dominated by a single currency (BTC) are almost useless. The entire market is guided by what Bitcoin does. If it rises, so do the alts. If it falls, so do the alts (usually much more than BTC). There are hardly any coins here that can break out of the pattern, only KASPA comes to mind here among the better-known coins, which - as yet - does not follow BTC in its price movements.

I have tried to follow "known" crypto signals via a bot in 2017. The result was that the signals were 50% wrong. So I could have flipped a coin as well.

You also have to be very careful with crypto signal providers. The temptation for scams and manipulations is very high, and with unknown coins there is also a high risk of slipping into a pump & dump scheme.

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Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.

Who listed that crypto signal at the top of the list? I've never seen that list before despite seeing so many crypto signals on Telegram.
I think the claim is bogus - they could have made a 100% accuracy claim instead of 80%. Tongue

Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

Reviews can be manipulated, you don't have to believe it, there are no honest people in crypto signal reviews they are all set up for the truth,

Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?

Why not enrich yourself instead of engaging others? This is ridiculous. Grin

Never use crypto signals.

@sriyan

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Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.
I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?

Most of the crypto signals(Channels) are scams. They are charging from you life time membership cost and some of them are blocked you after the paid to their service. Also some of crypto signals are copy trading. You will be lose 100%. Also some of them are written fake reviews them self. So newcomers are caught to this kind of scams. I never used crypto signals. I have my own strategy. So it is better to build your own strategy. Also don't share it after you found it.

Husires

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Where did you find the list of the top 5? These lists are managed by them, and all the rankings in them are false or based on fraud or whoever pays the most. The absence of negative comments is evidence of that. It is not possible for a service used by ordinary people to obtain 100% positive evaluation without any negative evaluation for every 1000. Rating, Google services don't get that.
If the accuracy is 80%, they do not need to make it paid because they are already sure of the chances of achieving a good return on investment and with 80% they will make profits, so they do not need additional money.
Don't waste your money. These groups are misleading and are just looking for your money.

Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

Do you use any crypto signals?

No

JeffBrad12

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at least these signal are good to know that there gonna be some market manuver in certain coin that you gonna invest.
after that you gonna use your own analysis to determine whether the signal is gonna be turning out to be true or not, but I personally would never always follow these signals.
there's reason why signal groups aren't long lasting one because after certain period they will take advantage of the group member and make exit liquidity.
therefore its wiser to have your own analysis beforehand just in case, after all, its some random people trying to make profit we are talking about.

jeraldskie11

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I know someone who works in crypto, their job is to find a site that will trade their employer's money. They are looking for a site that offer a trading signals that consist with professional traders and have good reviews. Maybe their boss made a profit because they were given a bonus but soon they lost their jobs. It is possible that their employer has lost his money. All I can say is that we should not rely our trade trades on others' signals, maybe would be better if we don't have time to trade, but if we have time, it is better that we analyze the market by ourselves.

Although they are profitable and professional traders, we do not know what they are thinking

gunhell16

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Quote from: CupCakeHugs007 on October 04, 2023, 12:01:55 PM

There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.
I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?

I have been seeing this for a long time on Facebook via ads that I see or feed on the wall of my social media platform. Especially in this day and age, it's a bit annoying to look at because what you see is just like that. What I'm talking about is trading group signals. Sometimes I also see people who say they are analyst traders and offer to join their telegram channels to earn a lot from trading.

I don't like the way of hyping because it's not realistic, and you can see in his promotion that he only says sweet words to make you fall for what he's saying; that's the tactic used. So, if the viewers are not aware, they will really fall out of curiosity. So being cautious, at least, isn't bad, right?

Ever-young

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Yes I use some free signals most times to take advantage of few trades I only do this anytime I want to make some weekly or daily trade and I don’t know the exact currency which I will want to put my funds on and try out the trade, most times am always uncertain of the particular coin I should choose to trade using this signal sometimes make it easier for my to identify few ones I can try my luck on.

But using this signals does not mean I will be 100% certain that am going to win the trade as I still proceed with caution knowing fully well that their is no 100% prediction anything can still happen in between. So why using them I still try as much as I can to reduce the risk and trade with minimum amount which I can risk for that particular time.

Peanutswar

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I uses crypto signals most specific is the news there's a possible price pump and dump with the crypto and by those signals you can get aware with the market actually its more ideal if you are aware of the market news or ahead of it because you can make an early position to buy or sell you'll only need is the market confirmation.

For me this is the wise strategy than watching the market all day.

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Quote from: crwth on October 04, 2023, 12:56:17 PM

Those claims are probably made up if they can't be backed up with real evidence. If they show some trading logs or something, then I would believe them. Having that 80% accuracy means that they would be at the top in no time. All the members of that community are probably rich.

I tried joining and paying for that kind of service but it just didn't give any return. It's better to invest in courses and learn for yourself.

first and foremost, if they have high accuracy, they should be doing this on their own as they can take advantage of such rare opportunity to earn money. however, as we can see, most trading signal groups are just milking these naive users who want to earn quick profits.
if the OP wants to check out how these signal groups are performing, better try those free groups first and get the feel how they are doing it. you will only get disappointed to these paid groups because they will likely screw your funds.

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