is it Advisable joining Bitcoin signal group?

CryptoHeadlineNews

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Quote from: Salahmu on July 13, 2023, 04:51:29 AM

what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining.

Lolz. I have been victim of that, and I know how it feels to be told it's legit, only to find out it was a total trash. A very common telegram scam.

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Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

Yes, but those could only be that of reputable trader, and not a random trading signal telegram channel whose ads you just saw on social media and joined hoping to get good signal, because one thing I have notice is that majority of those signal group whose ads seen on social media are scammers looking for newbies to scam just like they did to you and other people who joined that your group. But I think the only way to get a signal that is likely to be 50% true is when you join either live or online trading class host by an expert trader who decided to create a group to be share his/her free signal to
So for me, the only way to get a true trading signal group whose signal is likely to be at least 50% is by attending a trading class and joining their group, of which you never can tell, the trader may just decide anytime to just send free signal to his students.

CarnagexD

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Quote from: ZAINmalik75 on July 22, 2023, 07:44:48 AM

Quote from: Salahmu on July 13, 2023, 04:51:29 AM

So what do you guys think, let's share knowledge.

Personally I will not prefer such kind of signal groups as because most of them are scammer they just put fake old profit images and claim that they and all the premium group user won this but in reality thier is nothing, also they add High number of fake user and views to make his group look like geniuen, All of these fake things they do just to attract user and stole thier funds,
So the best things is to go out search by own and get much possible knowledge which will help you to do your own technical Analysis, if by chance you book some loses by your own TA then in a exchange it will provide you a lesson as well as experience,
In last you can join such free signal group to collect just knwoledge not more than this..

This is the general advice and is true. But if you find a person who can trust, not only by your relationship with the person but also have the track record to trade well and share signals. Then take advantage of it. use its signals because you're lucky to have that opportunity. Some ask charge for it and some give free trials for a month. Test it out and see for yourself if what he is doing is working.

The most important thing is don't become too reliant on signals. Use the data as frame of reference to study and learn for your own how to read price chart and speculate future prices.

AnonBitCoiner

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Joining bitcoin group is not a bad idea because you can learn lots about the upcoming bull run and bear market and lots of information about ups and downs are available but using your own mind is also necessary as the given information are not correct always sometimes own prediction is needed.
Try to join those groups who will not ask you for giving any payment as if they become fake you will loss your money and will fail to get the accurate Knowledge which will put negative effects on your decision to continue or stop trading.

ZAINmalik75

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Quote from: Salahmu on July 13, 2023, 04:51:29 AM

So what do you guys think, let's share knowledge.

Personally I will not prefer such kind of signal groups as because most of them are scammer they just put fake old profit images and claim that they and all the premium group user won this but in reality thier is nothing, also they add High number of fake user and views to make his group look like geniuen, All of these fake things they do just to attract user and stole thier funds,
So the best things is to go out search by own and get much possible knowledge which will help you to do your own technical Analysis, if by chance you book some loses by your own TA then in a exchange it will provide you a lesson as well as experience,
In last you can join such free signal group to collect just knwoledge not more than this..

Xampeuu

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Quote from: Franctoshi on July 17, 2023, 04:00:38 PM

Quote from: Salahmu on July 13, 2023, 04:51:29 AM

I have been referred to join some signal groups but considering how everyone is claiming to know almost everything about Bitcoin trading which they did not, resulted in many people losing their money because of Crypto signal groups, where they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to sit back and watch how the trade will work, on the contrary, it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from other traders, I was able to deduce that not all group signals are false and that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

Don't fall victim to these groups promising to send signals while in the end, they are only interested in taking your money, yes there are legit signal groups out there but are few, and they charge a huge sum amount of money for their signals. If I may suggest, you should avoid trading leverage or future trading because I guess that is why you are looking for a signal group to buy Bitcoin and HODL. However, if you want to engage in Bitcoin trading, the best is to trade yourself and don't on someone else's signal to trade.

indeed trading alone however will be better than following signals even though it is a premium, but for those who are beginners it will be difficult to start from, and of course by looking at the signals provided it is a learning process, and of course it uses initial capital, with big risks. therefore setting aside a little capital to start with so that later he understands more and can be creative to find his own trading style. at that time it was indeed the most suitable to place most of the capital to buy bitcoin and hold it until the bullish season was gone, but learning short-term trading must also be started to get daily income, and one day we will surely reach that point

kotajikikox

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by just simply Googling about crypto signals ? you will clearly find these reasons why you should not even bother joining or listening to them.
here is what I found !!!! >>>

5 Reasons Why Crypto Signal Groups Are Not Trustworthy

Ideally, all crypto groups will give reliable and precise signals, leading their members to spectacular profits. But this might not always be the case, as you shouldn't trust crypto signal groups.
https://www.makeuseof.com/what-are-crypto-signal-groups-reasons-you-shouldnt-trust-them/
For people Like us who have been here in Bitcointalk for quite a while? we already understand how this mostly scammers uses trading signal to victimized people and investors.

Quote from: doomloop on July 17, 2023, 08:21:15 AM

Quote from: kotajikikox on July 13, 2023, 11:40:42 PM

I remember being new in this forum as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

These people earn money by promoting those coins and links and endorsements and they also charge money from users if they have created premium groups because they provide some signals which either work or not but they do make them look like they are working, a newbie that has absolutely no knowledge about trading at all would never basically understand how those signals are used so they end up getting losses every now and then.

I personally don't believe in all these signal groups because in my opinion, they don't provide accurate signals in the first place and they are always busy either promoting projects or their premium signal groups so that they can get people to join that and they charge them money for it.

that is what even google wanna say, and from our years here in bitcointalk ? we have seen so many dramas and scamming from those Signal provider and even luring people from wrong direction

FinneysTrueVision

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Quote from: zeuner on July 16, 2023, 05:36:56 AM

When adopting technology that can bring decentralization, it's of course always advisable to complement it with all sorts of centralization (e.g. from a messenger) you come across...

Speaking of which: What is the best Bitcoin-related community in the Lemmyverse?

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Reatim

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Quote from: wxa7115 on July 14, 2023, 01:37:26 AM

Quote from: Reatim on July 14, 2023, 01:16:26 AM

don't waste your time and money mate , you will only facing a possible scam or stupid advises , better to do your homework instead because do not forget that your money is your sole responsibility and not theirs .
and prevent from joining people that will only have interest in taking your money and not to make you grow.
in this market there are so much like this and only few that will care for your funds.

One of the core ideas behind bitcoin is to not allow a third party to take decisions regarding our money which we may not agree with.

but that is the sad thing and reality right ? that even us at one point believe or trust others that is why we are here now at crypto and I must admit that one of those is me , a cousin presented me crypto and to Good faith I trusted him and now I must say that I am already investors and successful in my crypto career.

lets not take in to credit our mentor but of course this is our money and this is our decision to make and not them to rely for.

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However this not only applies to holding our coins ourselves and not on an online wallet or getting rid of most of our fiat and get bitcoin as it cannot be minted by governments, this also applies when it comes to the financial decisions that may change our lives, and while it may seem to be a good option to let a third party tell us in which coin to invest, when and how much, this goes against the philosophy of bitcoin, and as such a person doing this will not only lose whatever money is dedicated to follow those signals, in my mind they are not qualified to hold bitcoin and eventually they will lose it too.

lets simplify the thing here , and not to listen to this kind of third party but there are some third party that can help us and I must admit to experienced that wayback.

Franctoshi

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Quote from: Salahmu on July 13, 2023, 04:51:29 AM

I have been referred to join some signal groups but considering how everyone is claiming to know almost everything about Bitcoin trading which they did not, resulted in many people losing their money because of Crypto signal groups, where they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to sit back and watch how the trade will work, on the contrary, it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from other traders, I was able to deduce that not all group signals are false and that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

Don't fall victim to these groups promising to send signals while in the end, they are only interested in taking your money, yes there are legit signal groups out there but are few, and they charge a huge sum amount of money for their signals. If I may suggest, you should avoid trading leverage or future trading because I guess that is why you are looking for a signal group to buy Bitcoin and HODL. However, if you want to engage in Bitcoin trading, the best is to trade yourself and don't on someone else's signal to trade.

Kasabus

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Quote from: TimeTeller on July 14, 2023, 04:57:46 PM

Quote from: Ayebabara on July 14, 2023, 04:52:56 PM

Yes it is good to join bitcoin signal group because it will help you to trade and invest. I have been in a trading signal group and those experts in the group were given us information to go about anytime when the time of trading has come. The group was good, but not all the groups are good nto join there are some that are there to do the opposite. So be careful when joining them.

Lucky for you that you found a valuable trading group that you can say, worth it.
Nowadays, it is hard to find a crypto trading signal group that is worth your time and resources.
If you are not sure about the group, better watch and observe about the tips that they are sharing to the group.
You will know if the tips are legit if you can see that it is indeed happening in the market trade.
There may be lapses a lil bit, but there should be at least correct signal/s that you think are valid.

Knowing different scams are so rampant these days, I cannot advise anyone to join any signal group most especially for bitcoin since where there is big money is, then more scams are expected to arise. Although you may be lucky OP for having a reliable and legit one, but that’s not the case for most of the trading groups nowadays. It’s either you may take advantage, or you’ll be taken advantage by requesting you to pay first so be cautious not to join any signal group that you think is showing a red flag.

doomloop

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Quote from: kotajikikox on July 13, 2023, 11:40:42 PM

I remember being new in this forum as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

These people earn money by promoting those coins and links and endorsements and they also charge money from users if they have created premium groups because they provide some signals which either work or not but they do make them look like they are working, a newbie that has absolutely no knowledge about trading at all would never basically understand how those signals are used so they end up getting losses every now and then.

I personally don't believe in all these signal groups because in my opinion, they don't provide accurate signals in the first place and they are always busy either promoting projects or their premium signal groups so that they can get people to join that and they charge them money for it.

kotajikikox

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Quote from: Bushdark on July 14, 2023, 03:49:58 PM

Quote from: kotajikikox on July 13, 2023, 11:40:42 PM

I remember being new in this forum as I have joined multiple signal group , at least I have 3 in facebook and plenty in telegram but after a year? I deleted them all and ending following anyone .
because Never that they bring accurate signal instead mostly are just shitcoin promotion and link giving groups.

There are lots of signal group on telegram which is the place where we can see that many of the signal groups operate. There is nothing bad with joining a signal which could be a source to understand more about the market and hoe to analyze the market if we strictly look closely to study many of the signal thay we see. We need to know how to trade for us to understand how some of the traders analyse the market.

Sometimes, the follow Bitcoin fundamentals to decide whether they will be buying or selling. I have seen many of the pump and dump signal groups having large numbers of traders with few whales that will trade the particular coin they choose to trade to either send the price to the moon or sell there holdings to make the price of the coin pairs to fall drastically.

that advises applicable for old timer but what i was talking being New then , and this is not advisable to newbie because surely they will be biting the bait and will fall from good promises in which telegram operator(group admin) tend to do.
also you are correct that we need a better understanding first before investing.

Minhxx

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Quote from: Salahmu on July 13, 2023, 04:51:29 AM

I have been reffered to join some signal groups but considering how everyone is claiming to no almost everything about Bitcoin trading which actually they did not, which resulted for many people to lose their money because of Crypto signal groups, were as they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.

I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to seat back and watch how the trade will work, on the contrary it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from othe traders I was able to deduce that not all group signals are false that most times it works exactly the way they predicted and most time reversal.

So what do you guys think, let's share knowledge.

most of the signal firing groups study different methods, we should only refer to those groups. The decision is up to you, maybe they are right when the market goes up

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Quote from: goldkingcoiner on July 13, 2023, 10:00:45 PM

Quote from: peter0425 on July 13, 2023, 09:23:12 PM

as long as it is free then why not join ? but trust me most signal groups has only the same intention and that is to pump their own supported projects and degrade those they hated.
free signals are mostly created for nothing but to favor those creator and not us investors.
most of them are liars and of course scammers.
just do your own research mate and study everything before putting your money inside.

Free cheese is only found in a mousetrap. At some point there will be a catch and if you drop your guard because you have gotten used to the group and perhaps even built up some form of trust, you will be tricked into giving someone your money. Or worse, you will simply lose all your money on some quacks ideas on trading speculation. Avoid signal groups like the plague and you will be a happier person for it.

yeah , in the beginning specially when the group is starting ? I must admit that there are some who had given partial and profitable signal but this will only happen to prove others and join then after that surely it will be a complete scam or close eyes choosing.

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Furthermore, anything that has to do with Telegram should be considered a scam automatically. The same goes for groups which are on discord or other unprofessional, discrete locations/platforms. Scammers use such platforms because its easy to stay anonymous and/or deny posting histories.

indeed because the whole conversation can easily be deleted and we have no tools to recover and provide proofs of our accusation if tehre is one.

WatChe

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Quote from: Negotiation on July 16, 2023, 11:15:37 AM

All cryptocurrency groups will provide reliable and accurate signals, leading their members to amazing profits

Can you name few such groups so that rest of us can also join for amazing profits?

Quote from: Negotiation on July 16, 2023, 11:15:37 AM

but this may not always be the case, as you should not always trust cryptocurrency signal groups. It is better to analyze the market yourself and trade. As the cryptocurrency market has grown exponentially, so have the number of scammers and the methods they rely on. Scammers create crypto tokens with the sole purpose of extracting money from their investors in the market, they should market the token to attract investors. That's why signals should be researched well and caution should be exercised before investing in tokens and money.

Don't know if anyone has earned profit by following these groups but there are evidences that owners of such groups have earned adequate profit by selling there ideas. I always say that if owners of singling group can predict the future market why not they go and earn profit themselves? Always do trade with your own mind to tune it for trading. There is no shortcut for success (Signal group), you have to work hard i.e. DYOR.

boyptc

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Free or not, I wouldn't join any of them.

Why is it hard for everyone to accept that the forum is totally the place that everyone needs? Everyone knows that there has been a lot of bad experiences with these signals group.

You don't need a bitcoin group that's mostly operating with Telegram. Because many of them have only one intention and that's to make rapport and then eventually to shill projects and likely to scam people.

ringgo96

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If the crypto signal group is offered for free then it never hurts you to join, maybe there you will get new knowledge that will always be shere by others, if later there is an offer to invest then it never hurts to try because you must already know how to do this, but you must be careful because there are very many scams that are currently looking for victims by creating a group so that Can embrace many victims, so just look for positive ones if there are then it never hurts to join.

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Quote from: TimeTeller on July 14, 2023, 04:57:46 PM

Quote from: Ayebabara on July 14, 2023, 04:52:56 PM

Yes it is good to join bitcoin signal group because it will help you to trade and invest. I have been in a trading signal group and those experts in the group were given us information to go about anytime when the time of trading has come. The group was good, but not all the groups are good nto join there are some that are there to do the opposite. So be careful when joining them.

Lucky for you that you found a valuable trading group that you can say, worth it.
Nowadays, it is hard to find a crypto trading signal group that is worth your time and resources.
If you are not sure about the group, better watch and observe about the tips that they are sharing to the group.
You will know if the tips are legit if you can see that it is indeed happening in the market trade.
There may be lapses a lil bit, but there should be at least correct signal/s that you think are valid.

True. It’s seldom to see crypto trading signal group nowadays that are trustworthy as most of them are obviously all for money. Yes, they can be valuable at first to make you feel amazed but later on, they will start to ask for payment if you want a reliable trading tip. Yet, the prediction still ends the opposite way. However, I believe some can still be reliable enough but it’s rare to find them. That’s the reason why it’s better to do trading on your own and just try to study the market as well so you can be more capable analyzing the market trading charts and its patterns.

famososMuertos

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Well, everyone does what they want and in effect that same idea is the cause of these groups growing in users but not in positive signs that lead somewhere to obtain benefits with bitcoin, without a doubt the information in traditional investments is essential In fact, it is penalized to use privileged information to obtain benefits in WS.

So, if it is a free group of signals I doubt it will work and if it is paying 99% it is a scam or a waste of money, make your own evaluations, I studied the crypto market, things are different here compared to traditional investments. Sometimes detecting those "signals" is not so difficult.

Odusko

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Just like others have suggested that to you and you also have made your own conclusion on the fact that signal groups work but not all tome time 100% which is why it is not advisable to follow a paid signal and you should avoid and service that requires you to pay for them to make the trade signal to you, because of their trust they trading analysis there can prove by giving you the signal to run on your own which bring us back to the free trading signal.
Since as a trader at some point, there will be a need for you to add your own personal trading analyses to the one supplied to you because this is the best possible way to stay ahead of the game and to avoid losing trades.

Topic: is it Advisable joining Bitcoin signal group? (Read 904 times)