Topic: Do You Use Crypto Signals? - page 6. (Read 1583 times)

It's just a stream of revenue for some people. They don't have knowledge of the market and they don't know how to do technical and fundamental analysis. They just copy others ideas and share them with people to look cool. Most of the time when they share any signal that pair has already gone up. That means they just reshared that signal with some other group.

That's normal and legit. But if they don't lose, I don't think they will offer their service anymore because that alone can print them unlimited money already and the program can only be threatened if someone are aware with it. Free signals are supposed to not perform really well but I understand why some enhance it, it is because to encourage people join them if they are meant as a paid group. Of course, if we are not happy with the results they are providing, there is no point on continuing it anymore.

We can either move on to the other or just learn to trade properly on our own. That way we will never get scammed anymore. Obviously, successful traders don't need signals anymore but maybe they are the ones who can offer their ability to others.

All these groups with signals are trying to do is attract buyers who will buy subscriptions to forecasts from them, and the sad thing is that there are those who are willing to pay for it. Any reviews and results can be faked, this is a marketing ploy they resort to attract customers.

If they provide this opportunity, then try to follow when they give a signal for some transactions and see for yourself how well they work out. Often these will be useless signals. Maybe when the bull market is growing, all this will work, but at that time almost everything is growing, it is difficult to trade at a loss.

Most trading signals groups are a scam. If they claim to be making as much money from trading as they want us to believe why do they have people paying for the signals? Why do they also kick out anyone from their group who calls them out? Those 5 star reviews you see are fake. Theyhave either paid people off to give those reviews or they did it themselves using a different account.

The best signals you can have if the one you get yourself through research.

In reality it is like that, it will be more profitable if we invest long term. Following other people's signals, even if they are VIPs, if we ourselves are incapable or don't have knowledge in technical analysis, it feels like being tossed around. Our existing money will run out little by little because of the weak accuracy of the signals (not all signals that appear will react the same) and our slow take profit actions. Of course the lesson that can be taken here is to learn analysis and start trading with your own analysis without other people's signals. Logically, people who have good analysis will use their knowledge in the right things and explore it themselves. I think they created VIP signals to make money from people who don't want to learn, and this is popping up a lot because this business is very profitable than trading itself.


Correct. So whatever the result here we don't blame anyone, if we experience a loss it means we can correct ourselves, there must be something we are lacking and we need to relearn. Sometimes market conditions change suddenly because of news, for example yesterday's fake ETF news, this is something we cannot avoid. The market moves freely with pumps and dumps.

Really? Though I really don’t fancy taking signals from anyone but if they’ve got a good previous record that means it worth trying. I’ve gotten familiar with trading bot lately and it’s been working cool so far I’ve not allow greed to come in, I use the bot like twice a week.

I use crypto signals sometimes, but I do not fully rely on it. This is a common mistake for newbies, because that 80% accuracy is probably just a marketing strategy. And of course, If I am a newbie myself, I would probably believe on this especially if I don't have much experience in trading and do not have any strong foundations in trading.
Remember that these signals are just suggestions made by traders like us, so I think it is still much better if you yourself know how to analyze the market and do technical analysis, because at the end of the day, the decisions is still for you to be made and these signals are just a guide. I don't see anything wrong with crypto signals, but I wouldn't pay money for their service. Personally, and based on my experienced, joining in a community of traders where experts and experienced traders give signals are so much better than the paid ones.

Yes, using signals in this format can be useful for any investor. In this case, you can compare your forecast of market movement with the forecast presented to you by the so-called expert. But when making a decision, the choice in any case, as well as the responsibility, remains with you.

I have some experience with such a paid group. They share some short term trading signal which are usually pumped before you get the chance to buy. What most of those groups do is join multiple top signal groups that have massive followers and copy and paste signals from those groups. So when you notice that signal that pair has already pumped few percent.

There's no such thing as list and if ever we do see some list then it would really be neither based up with some paid recommendation or something that do really talks about personal choices or list on which its never been that ideal on making yourself do follow randomly or careless into those informations that you do be able to see online because we know that such informations could really just simply that be randomly be shown online or publicly without even trying out to realize that it wasnt really that something recommended for you to deal with. There's no such thing about list because if we do really just trying to zoom out
then nothing beats out if you do really just simply rely with your own skills and own research rather than making yourself that too reliant with those so called pros.

Signals? It isnt that bad to peek up on someones analysis as long you do really be able to make some comparison into yours then it wont really be that a bad idea yet we are not all knowing kind of being on which
we are really that welcoming for some new ideas on which this would really be a continous learning for us because not all would really be that be able to know on what are the things around on which it is really just that common sense that you would really be adding up something new and patch it up with your knowledge which you know that you could really be able to make use later on.

I dont use crypto signals rather i am the signal by my self, when i seat close to my PC i look the market and chart, i have experienced in a signal group before menhn i wont want anyone wasting money for such because have been there like all through my stay i didnt make any trade because i was so confuse when a whole lot is been dropped in the DISCORD group. you will be so confused on what to follow.

Top list?? Which list and what's the credibility of this source making the list !?

And the fact that I also know that some of these signal providers are imposters that are in a habit of reposting paid up signals and claiming to be their work all in trying to lure users into paying for subscriptions for a service they aren't good at.

Firstly when it comes to trading, I know for a fact that no one has this high of a winning percentage especially that they have most likely been trading for a while and this is clearly a cooked up number!

Secondly, reviews can be bought and anything that praises the service should be taken with a pinch of salt because we all no the reviews are fake .

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Best advice is try make time to learn how to trade on your own and avoid the reliance of third parties that forward other peoples work and likely trade on demo to fake their profits.

The spread of crypto signals is rampant nowadays and many people have fallen into such traps thinking that these groups of people will them to succeed.
We may say that this is good for beginners which I could agree but not bring to the point that we rely on them because nobody will give you a signal if they know what is right. They use these services just to milk innocent people and that is really gonna happen.
Paid reviews have made them great and believable in the minds of newbies but the reality is quite big opposite - they are scams.

I think there are as many telegram groups as whatsapp groups or youtubers who ask people to join these different groups and often they tell about joining vip signal or premier signal group.I don't think anyone can make good profit by joining their VIP or Premier group,but one thing is certain that joining such a group gives a good profit to the person giving these signals.VIP Signal Group or Premier Signal Group cannot be joined for free,Rather, people have to pay a hefty fee here every month.

Some of their indicators may be accurate, but most of them have very low returns. It is not a long-term trade, but an investment. You are investing for the long term, as we don't have to worry much about market fluctuations after buying, As we intend to keep it for a long time. I think your long term investment decision is good, which can give you good returns in the coming bull season.

Trading VIP signals may be good. I never followed it. Sometimes trading signals don't match expectations. I only follow an analyst, he only makes long-term analysis, and I also do long-term trading. I just use the analysis signals he made as a reference.

That number is a marketing trick to attract newbies, and this is because any trader that has any experience knows this is a useless number, since even if by some miracle the signals given had an 80% accuracy, you can still lose all your money by following them, this is like what happens in gambling in which scammers promise you to have a winning rate of 99% or higher, but what they do not tell you is that when you lose you will lose all your capital.

It's still not guaranteed because even if you say that is the success rate percentage, you can't be sure because what if that percentage was measured since they started?
I already tried to join before, on this signal group I was able to observe that they are more profitable during bear market, but when bull market comes, they are extremely bad.

Honestly, I don't really believe in trading signals, because I know a lot of trading signal groups on Telegram that gather communities, but they are scammers in the end. On the other hand, there are other people who know nothing about the crypto space and are still really trying to find that style. So what I can say is that it is okay to join trading signals, as you said, or do copy trading.

I noticed that many exchange platforms today, especially those on the top list in the market, have copy trading features in their exchange platforms. So that means at least it's not telegram-based most of the time, as we know.

I have to approach this on different views and let's walk through them;

• Trading signals is one of the ways people earn in the cryptocurrency industry just like copy trading. If you have a signal source that will give you profits on the long run, it is nice. But you have to know that everyday is not a sugar day. 
• If trading signal groups like the top 5 you said gives upto 80% accuracy as you said, everyone would be rich, no one will bother learning the charts themselves. Remember they can be some kind of pump and dump groups.
• You also do not need to rely on reviews. They can be paid or.a criteria to qualify for the signal is to write a good review 
• Signals are smart ways to earn money. You shouldn't be jack of all trades all the time. You can you them when you are maybe too busy to research 
• Before you start using the signal groups, ensure you at least know basic trading.

One can create the fake channel and use the same to market among the traders,So the new people will do the use of the trading signals.The trading signals can be fake and self created by the individual to scam the others.So my way of trading will be use of the own signal for the trading.Building your own strategy for the trading will be the better one,because you no need top blame of praise other for your loss and profits.