He Lost His Investment. See what Happened! - page 4.

stomachgrowls

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Quote from: Wenbing on April 29, 2020, 12:52:23 AM

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

3. Is Telegram escrow system a scam or not?

You dont need for some evaluation or some sort because its never been a good idea to rely into these so-called professional traders because if they were profitable then they wont tend to be followed by
other people or handle out someones funds or some sort.

Also, it would be much better to lose up your funds with your own hands rather than seeing your trading account balance depleting gradually because of others faults or handling,
that would really be a regretful thing to be seen.

Take this as a lesson and this is most likely the result or case when you do let other managed funds or copy trades etc.

jostorres

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I will try and answer your/ your friend's questions:

Quote from: Wenbing on April 29, 2020, 12:52:23 AM

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

Just ask them proof of profits and even if they show some try and make sure the proofs are not a design made in photoshop with 10 minutes of work, ask them to show their trading history through some live medium like teamwork.

Quote

I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

Most of the telegram groups are scam and actually telegram is the best option for scam so just DO NOT trust anyone on telegram.

Quote

3. Is Telegram escrow system a scam or not?

I haven't heard of any escrow system on telegram but if there is one, check for their credibility.

Renampun

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Activity: 2338

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trade signals for crypto signals! get away from this...
I once tried to join a paid telegram group trading crypto signals and the result was GARBAGE, I only lost money and didn't feel the slightest benefit, it's much wiser if you learn basic techniques and deepen your own trading skills.

HotRod4Life

newbie

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All the offers like "trade advices" or "trade signals" are sort of fraud. Never trust any Telegram group. If you want to earn by trading, you should trade yourself, investigate the market, watch the news, and understand why you expect the coin is going up or down. No other ways.

coinfinger

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Quote from: TheGreatPython on May 04, 2020, 01:56:48 PM

You do not trust any other person with your bitcoin. Simple as that? I mean why would you trust someone else with your money when you can do it yourself? Sure if you are not really a great investor and you can't trade, just don't do it? There are investments that are so simple that requires nothing. So, just go to bank and open an interest savings account, simple as that.

However if you really want to make a lot of money, and you risk it by giving all your money to someone else, you kinda deserve to lose all your money, there is nothing you can really do to make that much money that quickly. The second and third is basically same, do not trust others, there is really no reason to trust telegram people, they could very well be scammers so no need to trust them.

I agree with most part of your reply but look there are good traders who actually lack bankroll and some people want to back up such traders trusting their ability to read and interpret the market situation.

I would say that yes trust your bitcoins with people you believe are good at trading but ask their personal details and verify it with them, if possible visit them (not during the current situation but I mean in general) and do some legal paper work such that in case of loss how would the loss be covered and shared between all involved investors and traders.

rodskee

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Quote from: ?? on ??

Quote from: adjed on May 11, 2020, 09:46:21 AM

That's mean your friends doesn't know about trade am i right? Otherwise one ways you can recommend your friends come crypto market and do invest in good coins. Even you know if you have good skills in trading then your risk chance is to low so quote to the most important thing learned and follow professional traders. For fake signal after all these many telegram service so i like avoiding.

One of the worst things in crypto, following the signals from the unknown person. Before joining crypto trading we should have knowledge about the trading because the crypto market is completely different and basic things are very important, before investing we should research about the coin we are investing and it will help us to make a profit.

Signal in here mostly are shits and don’t really brings profit because many of them are just giving random guessing and not really literate in this analysis.
I have been here for years and what i see in social media groups signals are nothing but trash.
Though i know there are some paid signal that has
some percentage of truthful yet most are misleading so there is no way that we can expect good
but from our own research and studies.

iv4n

legendary

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I heard many similar stories, people without access and knowledge give money to people who are so-called experts to do the job instead of them and to deliver profit in the end. How people find those so-called experts, of course they advertise their services where ever they can, they hunt pray all over the internet.
What we should learn from these stories is work on your education! Try to learn how to do it yourself, risk is always present, but in the end it's better to take that risk on yourself, to learn how to lower that risk, to always have an exit plan. If you give someone else to do the job instead of you, there is always a chance that he will run away with your money, or he will lose it and you will not know how, and what can you do after that!?

adjed

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That's mean your friends doesn't know about trade am i right? Otherwise one ways you can recommend your friends come crypto market and do invest in good coins. Even you know if you have good skills in trading then your risk chance is to low so quote to the most important thing learned and follow professional traders. For fake signal after all these many telegram service so i like avoiding.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Quote from: LbtalkL on May 11, 2020, 09:20:19 AM

If he/she really wants to invest in trading, why learn how to trade himself right? For some reason, maybe he can't handle the stress or fear of loss in trading that is why he invested in a trader instead? Even though you're an expert in trading loss is always possible so it is very risky. Those telegram that gives signal are not good, What if they said to buy this coin at this price so they could dump? Most of them are manipulated or only after VIP fees. If you have friends that know how to trade better learn from them.

He doesn't have to trade if he doesn't know how to trade better, and only choose to invest side in crypto. That can give him a profit too than to trade because the market cannot always be predicted. The telegram channel is hard to believe in getting the right signal because I saw that many of the channels only shares the sign from the premium channel and pretending that they analyze with their skills.

LbtalkL

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If he/she really wants to invest in trading, why learn how to trade himself right? For some reason, maybe he can't handle the stress or fear of loss in trading that is why he invested in a trader instead? Even though you're an expert in trading loss is always possible so it is very risky. Those telegram that gives signal are not good, What if they said to buy this coin at this price so they could dump? Most of them are manipulated or only after VIP fees. If you have friends that know how to trade better learn from them.

Yamifoud

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Trust will really matter especially when we are dealing with other people online. Actually, this scenario happens so many times but people are still not changed. But as I've understood with the case of your friend, they already have some trades in the past day and that certain thing giving them to trust each other and that will be the reason why the traded person takes advantage of it. I don't know it was a plan but something it looks like that.

And for that sort of learning, it is possible to have trade only to exchanger in order to minimize the risk. We can still make a deal with other person provided he can really be trusted and reputable person.

Botnake

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Your friend needs to learn from that mistake, the fact that he trust other people to trade for him, there's always a risk and there no such thing as fix return as no trader wins all the time. Actually that's the problem with some investors, who like their journey to be easy in making money in crypto, well, that was wrong and that experience should not happen again, he needs to learn and grow up, crypto investing and trading is a high risk, and there's a reason why it's called that way.

imstillthebest

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Quote from: wozzek23 on May 11, 2020, 12:59:41 AM

Quote from: thesmallgod on May 05, 2020, 09:48:17 AM

I will advise you to stay away from any telegram signal groups. Both paid and free because I have ones a victim of this. They use their member as a leverage to pump some random token when they already buy at low price. They have many similar groups and their signal are always coordinated so that they get the needed impact

You are absolutely bullseye there and these groups not just use people as a tool to pump a coin but they also take money from people to provide these details and if even they are able to pump up a certain coin, imagine how difficult it would be for them to continue it? I mean everyone would know that the pump is temporary and actually people would dump their coins as they see the pumping happening.

The only genuine groups are those who share tools for trading and provide some good articles, information how to read the candles and how to predict the market swing. There are such groups but they are hard to find, I was part of one such group but they limited to paid participants and turned shit in no time.

its not difficult for them to continue if they are earning easy money from it and even if they got caught they can still comeback with a new one . pump is temporary to some coin but to most coin no it isnt . if you involved on those fast pump and dump coin then you yourself should be aware all the time for the activity of your chosen coin . also how can you say that those share infos and tips online are geniune ? we dont know maybe they are also leading us to a wrong direction . thats why i limit myself looking on them

wozzek23

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Quote from: thesmallgod on May 05, 2020, 09:48:17 AM

I will advise you to stay away from any telegram signal groups. Both paid and free because I have ones a victim of this. They use their member as a leverage to pump some random token when they already buy at low price. They have many similar groups and their signal are always coordinated so that they get the needed impact

You are absolutely bullseye there and these groups not just use people as a tool to pump a coin but they also take money from people to provide these details and if even they are able to pump up a certain coin, imagine how difficult it would be for them to continue it? I mean everyone would know that the pump is temporary and actually people would dump their coins as they see the pumping happening.

The only genuine groups are those who share tools for trading and provide some good articles, information how to read the candles and how to predict the market swing. There are such groups but they are hard to find, I was part of one such group but they limited to paid participants and turned shit in no time.

Latviand

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Quote from: Wenbing on April 29, 2020, 02:30:27 AM

Quote from: avikz on April 29, 2020, 01:48:39 AM

All of them are scams! If some professional trader has the capability to trade and earn a good amount of money every single day/month, why he would need other people's money? This is the first thing to understand. The behavior is very similar to ponzi schemes and must be avoided by all means.

You have responded very nicely. But what I want you to know is that some crypto experts are good entrepreneurs that always want to scale any business with innovative business models.

In this case, the trader may consider that to achieve high volume of trade then he needs other people's money which at the end of the day people will earn and he will make huge profit.

Its about scaling an idea or a business...

Same thoughts, if someone is asking money and will help you in trading that he will give you huge amount of profit, never trust, easily. If you really know how to appraise people then you will not got baited bu those scammers that are only fooling people just to earn money. Don't give your money to other people easily because there are really a fraud people that will only scam you.

Sometimes all you have to do is to work on your own in trading, work on your own investment and only ask for some advice and not help from other people. Learn about trading and investment using your curiosity and urge in learning a lot. There's no limit in learning and having experience in trading that's why it is not guaranteed for you to seek help if it is not necessary.

Making huge profit doesn't require you to have another person to guide you, you can do it by yourself, you can earn huge profit with only yourself, you just need to work for it and proper management of your investments.

matchi2011

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Buy $BGL before it's too late!

Quote from: In the silence on May 10, 2020, 12:05:37 AM

Comments and recommendations of the forum members are highly important to new investors that trust their money to professional traders as the say.

It they are really professional and experienced, they wont ask money from you but teach you instead.

The concepts of asking for payments in order to guide someone to learn trading mostly are after for money and not really professional help that will acquired. For forum members who can extend hands to explain the process if they are really providing information they won't ask for any assistance
but instead they are grateful helping people.

mersal

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The real reason of crypto currencies existence is to build a decentralized network so you don't have to trust any individuals when it comes to cryptos or you are in risk od losing your money at any time.And also fixed returns is a sign of scam so don't think that earning cryptos are easy as your friend thought, its just the same as fiat money and it is harder to earn.

In the silence

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''Vincit qui se vincit''

Comments and recommendations of the forum members are highly important to new investors that trust their money to professional traders as the say.

It they are really professional and experienced, they wont ask money from you but teach you instead.

Twinkledoe

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★Bitvest.io★ Play Plinko or Invest!

Quote from: LUCKMCFLY on May 09, 2020, 11:44:12 PM

Quote from: Wenbing on April 29, 2020, 12:52:23 AM

~snip~

I recommend you never trust those sites that offer on telegram, there are many scam dangers, to manage your money it is preferable that you learn everything about investment very well, so that you can make the right decisions and thus have the best option. Your way of thinking is focused on investment and for this the best thing is to educate yourself through books where they will recommend you diversification, in the Crypto world you can do it.

Also, in case of losses like what the OP described, if you will do your own trading, it is only yourself to be blamed for whatever the results will be. But if there is a third party like professional traders that you let them manage your portfolio, the pain of losing your investments is different. So it is really better to manage your own funds. You can start slow, trading of crypto is not an overnight activity. Educate yourself with crypto trading.

LUCKMCFLY

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Quote from: Wenbing on April 29, 2020, 12:52:23 AM

~snip~

I recommend you never trust those sites that offer on telegram, there are many scam dangers, to manage your money it is preferable that you learn everything about investment very well, so that you can make the right decisions and thus have the best option. Your way of thinking is focused on investment and for this the best thing is to educate yourself through books where they will recommend you diversification, in the Crypto world you can do it.

Topic: He Lost His Investment. See what Happened! - page 4. (Read 988 times)