Topic: If they have the ability why would they sell? - page 4. (Read 602 times)

First, there are really many pretending to be pro-traders here in signal groups, especially in telegram channels; that is rampant, and the scammers are also rampant there. And I have never seen a legit signal group that made a lot of money there, but a lot of scammers have made money there because they have been victims of a lot of those signal groups. That's why extra caution and wisdom are needed there. Now to your question, why do they still do that? It is because there are still as many people who deceive people that they know they can victimize with sweet words and promises, and most of the people they victimize are also people who lack knowledge and have also been involved in greed.

Your doubts are correctly placed. There is no doubt that signal groups are running a very organised scam on social media. Point is that very few victims will actually owe up and divulge the truth that they:
1. Paid for the membership  - the first scam
2. Fell for fake signals which have no basis - the second scam
3. Go for pump and dump as manipulated by the owners - the third scam

The above points are the reality of these scams and newbies don't do enough reading to avoid them. If someone really knew how the market moved why would they sell it at a price? They would use those signals on their own rather.

They are like book sellers. They promise you that they will make you rich but in reality, it is them who are getting rich. It is the good old scam where they sell you nothing for something. The victim on the other hand, wants everything for something. In the end he gets nothing and loses his “something”.

These telegram groups only have one aim: Scamming their followers. When they successfully do it, they will close the group and re-open it and do it again.

Since twlegram is kind of private, you won’t even know who scammed you and actually it doesn’t matter anyway. It is because if you joined that group and listened to these people, you should only blame yourself for being that dumb.

And this is why most of us do not believe a word of those that own those kind of telegram channels, if something does not make sense then you can be sure there is something hidden from view, after all even if we assumed that a successful trader was sharing signals just to return something to the community then why do they have to charge for them?

A successful trader will have no need to charge for their signals as they are already successful, the fact they charge huge fees tell you this is their main form of income, and they do not earn anything out of trading.

Just put your self on their shoes and think that why do they still manage a telegram group if they are earning enough in trading, and also doing monthly subscription to those members, it is really time consuming and for sure if you are already trading for long time you wont that kind of waste of time.

So meaning they are not profitable and they are asking money for others to earn more money. Though i dont see it as a scam but unless they arent teaching anyone like selling course that can help you then I would say it is just a scam.

No. Don't try joining with them unless you want to try, and experience it then share your own experience with other people out there who are curious about these trading signal groups.
I tried joining a few years ago. I think I paid around 5$ to join into it. To cut the story short, we who joined that crypto trading channel are receiving the signals a few minutes late, and by the time they shared it to us, the coin pumped already, so it's kind of useless. If you want to receive the signals earlier, you need to pay more. Such bullsh*t.

That's why you don't pay them to entrust your money to them. You pay them, then rely on their signals just to earn profit? Again, such bullsh*t.

I can make my own signal group in Telegram, and put the word "Premium" into it. My point is anybody who knows how to create a channel can just put that word in the name of the channel. It's just quite unfortunate that there are still people out there who are falling into these crypto trading signal channel groups.

It's good that you're hesitant in joining. They might be good he said? Dare him. Let him pay the subscription for you since both of you are friends right?

Greed.

That's the main reason why they are creating such groups, and just to let you know, most of the people who are creating these crypto signal groups aren't pro traders. They're just regular traders who maybe has an inside access, or maybe they just have a huge amount of money that they can pump a coin with low volume in different exchanges.

What do I have to tell you? Don't join into these signal groups, or since you have a friend, like I said let him pay the subscription for you then share your experience with us.

Never been into it but just take it like this, there could be rarely few that are for real but majority of them are whole time trickster group.
With that I mean, they give you signal but that's just like the common analysis that a normal trader can do.

Your common sense is talking sense actually. That's where the part that most of them doesn't make sense, they won't make a group if they are profitable.
They don't have to send signals for their groups with a fee on it. They can just be busy all day long following their own signals and make money out of it.

Aside from helping people, they want to get money from us that's why there is a VIP signals. Honestly, they can get more money from their subscribers than in trading because those pro traders won't put huge margin on their trades even though their winning probability is high, it is their business to just analyze the market and get money from their new VIP members. They know by themselves that it will not always winning in trading but in selling signals is always win.

No, they are not, usually most of them get into a scam.
I heard so many negative cases about the crypto signal groups since I was here in the crypto space and I doubt they are the same.

You already answered your question, just because of money.
Think about this, if they can make a good profit in trading why not they can make their own profit without offering that kind of service to others?
Then, it makes sense that kind of group created to scam new trader.

It is the thing that we should think about these signals. They promise good/accurate signals to their clients which if we would really think, why not use it and make rich. Perhaps, it was a fooling strategy by scammers, in fact, nobody was able to make accurate predictions so why we should believe them either?

Generally, crypto signals are made to scam people, to scam innocent individuals. Very unfortunate but these greedy people will easily get fooled by those promising words and regret later.

Yep. There are free and paid group signals. Free group signals totally never guarantee about the accuracy of the signals. While paid group signals commonly show the testimonials about the quality of the signals. They also claim they have special reasons why we must believe in the signals. However, I personally never believe the signals both from free and paid signal groups.

They sometimes show the testimonials, but we don't know whether it is valid or not.
Even if they show some proof about their experience in trading, it is difficult to ensure whether they are professional enough or not.

Of course. Some groups possibly promote certain crypto projects. They share good signals about certain coins, but the purpose is to attract people buy the coins. It is not rare cases, there are many cases about group signals promote certain coins. So, don't easily believe in the signals, we must have own research to analyze whether it is valid or non valid signals.

If they were really that profitable really, then they wont really be bothering themselves on having those kind of groups and having that kind of sharing up their methods or whatever analysis they do have which they could really be simply be able to make huge money if they wanted to which is more than on the amount that they could be able to generate when they are asking out for subscription fees. Using up your own common sense then you would really be able to say that it wasnt really that totally true that these groups or its owner are really indeed making some good trades but rather they do make out some extra income out of those newbies who
do really join up with those VIP groups but honestly we are all just the same on which we are just speculators, just like been said if they were profitable and even myself wont really be bothering on sharing up my trading analysis to others for some penny subscription. This is why never ever on my trading career path did really consider out on joining with these groups because you do really know that you could really make that
own trading analysis on your own without touching up these groups and its never been worth on paying up something just to make out some decisions.

Many of them are not professional traders but the claim to be,so that you can believe in them and subscribe to their signal. This group of trading signal providers does this as their business because they know that a lot of people are rushing into crypto for trading and they are so eager to make quick profit.

Most of them have the motive to scams people because a trader will stay focus on trading and not to be sending trading signals out when he knows that he is after making profit.

Stay away from their subscription and don't fall for their trick. It is better that you learn every aspect of trading and build yourself by having the experience with little funds that you can afford to lose. Don't depend on trading signals rather depend on your skill to trade by learning.

Subscription is a good way to make a constant flow of money. That is an incentive to promote a group. And they could send the wrong signal too where they could tell their subscribers to sell while they go long.

But it is not new anymore, even in the Forex market there are signal groups scamming newbies. They are good though but I think they were just parroting the best tips from the best traders they know. Besides the exchanges themselves or the Tradingview itself are providing signals for traders.

They are real but the service they offer is mistimed fake and for the most part traders should avoid their service.

• Do not give the scammers ideas. Even if there was some fictitious proof of certificate that does nothing to prove that the signals you are getting are worth anything.

• They do. Many of them are pump and dumo groups, they get a cheap position in an asset and the drop a signal prompting their subscribers to go and buy in and drive the price up after which they well and leave you holding your bags.

That's so true because I have personally seen so many people who just got into crypto trading and now showcase themselves as they are the guru of trading. Actually, these types of people get benefit from the innocence of those who know nothing about trading. These noob traders after knowing some terms used in trading and after getting familiar to some methods that definitely not going to work for all.

They use such methods and less information to make other noob people think that they are very pro and know a lot about crypto trading but in reality, they are just not making any profit out of trading and they wanted to make money so they start to provide premium signal facility.

I hope you would have got the answer to this query but this issue is not big because this can easily be overcome by not following new traders. Most of the time the new traders in the market are scammers so follow only those who are old and have some fan following too.

Like you said, they are a lot of scammers now claiming to be bitcoin pro traders to scam a lot of people and this groups you are talking about are one of them which you should avoid by all means. That money and time you would have spent in following their signals or footsteps will only make you limit yourself in your thinking capability and how to break limits in your trading skills. Do channel that zeal of sorting for crypto signal groups into learning more and perfecting your trading skills because that will be better for you. At least, when you lose or the market goes negative (declining) you would learn from what prompted that the next time you are trading and you will be extra careful.

These are nothing but scams. These so called premium traders doesn’t want to risk their own money, hence started these types of channels. From here they can get sure income on a regular basis. Next they do is just some basic analysis on the market and share the calls. If a trader makes profit from it, then he is happy, else he cannot do anything of the channel admin. It’s better to follow big traders on Twitter rather than these cheap Telegram groups.

It’s same scenario when professional on their respective field decided to publish books or tutorials just to earn additional profit. I’m considering legit crypto signals here and not scam. Nothing beats a passive income through subscription because trading still involves risk even if they are pro trader so having a profit from subscription will gave them a good benefits.

They also benefits on providing good TA a guarantee profit to their investment since they are the first to purchase before their follower purchase the signal. It’s important to have a basic knowledge on trading before you start joining on this signal group especially premium group so that you will not be victimized by lots of scam signal group.

There’s few decent signal group that provides detailed analysis on a certain token to buy.This is the group that you should look for instead those signal group that just drop buy and sell price target as signal.

this is why it is better to do your own trade and not join any of these paid signal groups. it is fine if it is free, just to see what they have to say. but if they start collecting fees, doubt their motive. and that is true, if they are really good with their signals, they can make tons of money without asking fees from their subscribers.
i haven't read or seen a valuable trading signal group where everyone is talking about its excellent performance. so don't believe on such talks about these groups. and yes, they can easily have this pumpndump scheme if the project is a small one as they can easily manipulate the price by using small amount of money. giving false movement to their subscribers. and leaving them holding worthless coins or tokens in the end.