Topic: is it Advisable joining Bitcoin signal group? - page 5. (Read 909 times)

Those who have less knowledge about trading usually join different signal groups and follow those signals. Following others' signals usually means dependence on others in trading which is never safe. And who will you trust now in this time of fraud there are many fraudsters who will take money from you by giving you wrong signal and you will invest by trusting that signal and lose money in this case you risk losing your investment money as well as such fraudsters you know. There is a possibility of losing the money paid so it is better not to follow other's signals. Try to build your trading skills. When you gain enough knowledge and skills about trading yourself, you will not trust other people's signals. So in my opinion it is better not to follow all these signals.

It was an option but many members (including me) never recommend doing this due to reported scams and losses.
So why we should have to take the risk in the first place if we know that already? I'd say it was an option because you are the one to decide about it but I will tell you that no traders become successful from relying on others strategies just like relying on signal groups. Because what they did was also their own opinion as they never know what will happen in the market. And considering that situation, they are just also predicting and we can do it if we can.

Whether they are paid or free, we should stay away because there is nothing better than coming up with our own analysis and predictions. Sometimes we can be wrong with our predictions, but at least we control ourselves and not passively depend on others.

But I disagree with you that everything on telegram or Discord is a scam, there are still a lot of market news channels, and on-chain data is very useful for investors. I also use telegram to follow the market movements, and so far, everything is fine. It may be scammers' favorite social network, but not all are scams.

The problem is that people do not fully understand how to trade successfully, which generally involves a moderate return on capital. But if you invest $1K in trading, and expect to make $100K in less than a year, what you're going to do is lose the $1K in the blink of an eye. It doesn't matter if you join a Bitcoin signal group or what strategy you use.

If you are really curious, I would follow this advice:

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.

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.

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.

If I were you I will take it for fun and don't take it seriously, because if they know it's profitable, why do they share it to everyone?. better to take profit for themself, right?. because if not many people know, then there will be more profit they get. I was invited by my friend a year ago to join a signal group, but because it's exclusive and has to pay $100 to discuss and talk, I have to cancel it and leave the group immediately. My friend said he got several profits, but I still doubt it because until today he still looked impoverished.

Some groups can be interesting and you can actually learn something from others but, as other users already pointed out, if they ask for money just forget about it, usually they make money thanks to the subscription system, trading is secondary for them. Don't forget that on average 85 to 90% of traders lose money, it takes a lot of skills and experience to be in that top 10%.

actually a group like that can help us make references and add to our knowledge besides studying and doing our own analysis. but nowadays there are many scam groups and if we don't have basic knowledge it will be very difficult to know and distinguish.
if the group is paid, it's better not to join. if the group is free we can join as long as we don't blindly believe what they share, it's better to do the analysis yourself.
but in my opinion if we have no knowledge at all then it is not recommended to join any signal group because there is no guarantee that they are not scammers or scammers. regardless the signal group is free or paid.

I don't think it's recommended, but if you need it why don't you join the community. there are many bitcoin signal community. but I personally look for free ones not paid ones because it's the same we still have to make our own decisions to go into buying or selling the btc that we have

Everything is much focused on money making. Whenever I come across signal providing groups that have premium to be paid there used to have a thought why this guy is selling the signals, why can't he use and make himself rich. With trading it is always good to learning more things about the market is really interesting.

Trading have got some sort of risk associated with bitcoin price movement. When someone is good, automatically there'll be better understanding about the market movement and support request.

Before joining any signal group ask yourself few questions. Is it a genuine and reliable signal group? How long have they been in the crypto business and are there reviews about them? And what does those reviews says?  Better still, why not take time to learn and be knowledgeable about what those people you may be relying on for signals knows. For you may even end up better than they are if you learn on how to be doing your analysis yourself.
Wether you rely on signals from groups or you do your own analysis and learn from it, in both you'll still lose money but it will be more advantageous to you as you learn and make mistakes cause those mistakes is part of what would build your experience to have specialty than continuously relying on groups for signals that re always 99% shits.

Too late maybe, but then, this topic do not belong here, it should have been posted in the trading discussion board, but then again, with the discussion already spanning more than 4 pages, i guess it's too late to move...

Anyways, there are thousands signal groups, in other words, pump groups, but like I will always say, 99.9 percent of them all are scam, most especially group and channels on telegram, also known as telescam, the den of scammers, I personally on my own might decide to join a signal group, but I will never pay a dime for it, and I also will never buy or invest in a coin without doing my own personal research.

As long it would really be that free and you arent paying up something like subscription or vip fees then it should be fine. You could always be able to check out whether those signals and analysis is really worth
to check out or see on because joining up these groups arent always mean to be shit or useless because this is also a good way on making yourself learn on how others been making out their analysis too on
which you could be able to apply it out on your own which i dont see for it to be a bad thing. You should really be that versatile and open minded when it comes to these situations which learning up something
whether on your own methods and learning up something came from other sources.

Doesnt matter on which way as long you do take advantage and make yourself way more knowledgeable and able to enhance skills then this would matter most of the time. Just stick into that principle
that there's no such group that could give out good results or being that profitable constantly. Market is unpredictable and this is why its really impossible for such claims.

There are many entities that define themselves as signal groups. But most of them are fake. You need to pay attention. Most signal groups receive information from each other. They are almost like copies of each other.

You can improve yourself in technical analysis. I avoid joining such groups as it can be very misleading. I think it's best to focus on personal development methods.

I have these type of groups many time, and yes some times I saw that trades matched their signals but most of the cases went wrong. I don't know what type of group you are suggest to join. But always remember that what you are going to invest that is your money and they don't need to take any responsibility so paid or none paid my suggestion will be always refain from that type group. and always learn your seft for trading the go for investment. And if you are a beginner then you can make investments in bitcoin for the long-run, it can be easiest way to make some good profit to newbies on trading.

I have no against with joining a bitcoin signal group as long as it’s free. It could be your guide especially if you’re new to bitcoin. But once the group ask for donation or payment, then it’s never a good and reliable group actually. Just leave the group before you will be force to pay, and before scamming takes place in the group.

It is no problem to join signal group as long as you don't rely on them in determining your decision whether for buying or selling. Always do your own analysis before buying or selling any crypto coin, it is the best way to do. In signal groups, there are too many people who share random information about crypto coins, most of them aren't proven and very difficult to trust. There are some people on the group that try to make a hype on some coins, so they share good signal about them. Finally, some people can be the victims, they are trapped on shitcoins. So, you must have the ability to do own analysis. If you still have less knowledge, you must improve your knowledge!

Some time ago I also dabbled in these groups. My experience was quite bad, really, since you had to invest very large amounts of BItcoin to be able to earn something, and basically the small investment tended to lose, I must clarify that my investment was made for the first time in one of these groups, it was 300 dollars, at the time of the warning of the signals to operate I ended up losing more than I was earning, I had a vision of % winning % losing that was very out of line with my capital... simply the first few times I ended up losing 50 dollars, that It is what frustrated me a lot and I did not continue, although I continued doing an analysis of the signals to know what would have happened if I continued... I noticed that if I continued I was going to continue losing

However, some time later I tried again with a group of signals, this second time I tried it with 500 dollars and you had to pay 60 dollars to enter the group of VIP signals, what I did at the beginning was fine, they were not very large amounts of profit but it was something... However, in a matter of weeks everything became very unfavorable for my investment, I ended up losing more and wanted to stop, I questioned myself and decided better to learn about trading on my own and the truth is the best you can do. .did not trust signal groups.

Whether it's free or paid signal group for trading actually can't be 100% accurate. The difference is that when you join a paid signal group you will get more signals every day, with clearer details. I honestly have followed both. but when it comes to effectiveness, it's coming back to us. because a signal is still a signal, it won't be 100% correct. Because after all, we also have to analyze what the market possibilities are. So, this signal should be used as an additional tool for consideration when wanting to enter. Because when we get a signal, we not only get what coins we need to install, but also related to margin, opening short or long positions, and the possibility of entry and take profits. So this is where our efforts must also exist, namely aligning and analyzing the signal whether it is really appropriate or not, then we also need to analyze whether we are at the right time or it is too late to use the signal. If we just use it carelessly, then this will actually ended up losing.