is it Advisable joining Bitcoin signal group? - page 6.

Viscore

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Quote from: Oshosondy on July 13, 2023, 04:57:47 AM

Free signal group, you can join. If they later ask you to pay money or luring you to pay money, leave the group.

If it is a pay signal group, avoid them and do not join. If they can trade and make money from trading, they will not ask anyone to pay.

What people are doing is to look for victims of what they (the scammers ) are not professional at and use it to scam their victims.

Joining bitcoin signal group is an advantage especially if there is no payment required from the start until the end. If it’s just a pure signal group without any intention to scam a member, then it’s for keeps. However, if you see red flags in there the moment you set in, then avoid it at all cost. Signal groups can be helpful, but it can also be a reason you lost another opportunity to profit with bitcoin.

omgitsmehehe

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Quote from: Mate2237 on July 13, 2023, 02:56:58 PM

I will only advise you to join if you know someone in the group or he person who taught you trading is also in the group then I you can join to get signal and trade. If not mate don't join, you will end up for been scammed. Though joining a trading signal group is one of the best way to learn trading. Through there you can learn more on different signals that you need to know for perfect trading. But not all the groups are legit.

Some are out there to scam. And one thing I will tell you is, when you join and you don't know anyone there and they ask you to pay, don't pay , they will use your money and close the group or remove you from the group. We have seen/heard many issues like that.

Learning before investing in the market, that's a solid activity. The best thing to avoid any issues is to be on our own, everything should be carried out by ourselves and strategy. We can't denied the fact that there are numerous scams in the system, we need to make good use of our initiative inother to prevent been victims of scams. Joining legit bitcoin groups for signals, is a good plan but these groups are not free, payment for these signals are made mandatory and it's not all the time one would record profits, sometimes the losses will surpassed the profits made.

acroman08

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

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.

personally, I wouldn't recommend joining a signal group but seeing the last part of your thread, do what is comfortable for you. I am a little too cautious to join signal groups and entrust my decisions that involve money to other people. I would be better off learning how to trade and bare responsible for all the decisions that I will make when trading.

The Cryptovator

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I don't recommend subscribing to a paid signal group for crypto trading. Based on my experience, such groups have proven to be ineffective. Initially, I joined a paid signal group, only to find it to be disappointing. They would showcase a few successful trades in a public group to entice people to join their private paid signal group. However, the paid group turned out to be unreliable and unhelpful. They would simply provide their own analyses without any guarantee of accuracy. Their predictions were vague, suggesting that prices would either rise or fall from a particular zone. This type of call is far from perfect. I advise you to steer clear of paid signal groups and instead consider joining free groups. While these groups may not provide trading signals, they can offer quick updates and information about the crypto market.

Mate2237

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I will only advise you to join if you know someone in the group or he person who taught you trading is also in the group then I you can join to get signal and trade. If not mate don't join, you will end up for been scammed. Though joining a trading signal group is one of the best way to learn trading. Through there you can learn more on different signals that you need to know for perfect trading. But not all the groups are legit.

Some are out there to scam. And one thing I will tell you is, when you join and you don't know anyone there and they ask you to pay, don't pay , they will use your money and close the group or remove you from the group. We have seen/heard many issues like that.

Oshosondy

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Quote from: NotATether on July 13, 2023, 07:11:08 AM

Do not forget that there are many, many scammers who join crypto groups and investment groups and collect the usernames of all the participants to send scam messages (usually starting with "Hello"), so if you see any strange messages after joining any crypto group on social media, you know what to do: block the offending user and report them to the platform administrators. They're even on wallet dev channels.

That is true. It is even beyong signal groups becuase it can be any group on the social media. I have noticed this in this social app called telegram, you will join a group and not long after, or after some days, you will see scammers chatting with you and they know you through the group that you joined. Anyone that is involved in anything about cryptocurrencies and joining groups and registering with emails, they should expect phishing attacks which can easily be noticeable and avoided.

imamusma

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I don't own the trading signal group, but I thought you might. I just think not all traders need a trading signal group if they can afford to do own analysis, but maybe some people are so much they might be willing to be a premium member paying admin for the signals. Of course there is nothing wrong to join such a group, but it also depends on what plan you have about trading.

If you ask me if I will join a trading signal group, then I will 100% say no. I don't like making other people's predictions my financial advice especially on investing, it will only make my knowledge and ability to analyze the market duller than before. It's up to you to join, but I'm sure you probably won't always need it.

panganib999

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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.

Doesn't hurt to. I've found some of my closest friends in signal group too so it's something that I really recommend. It's a big plus if they are a signal + airdrop group too, which gives you not only signals for which assets to buy, but announcements for big airdrops you can join so you could grab some free tokens along the way. One thing that I would just like you to advice avoiding is the existence of signal groups that require you to pay first in order to be allowed to join. You'd get free signals from something and no matter how great they sell you their services by saying words like "we're using a complicated algorithm bot to check the market for us" or "we lost only 10% of our calls" steer away from them. Signals aren't supposed to be something you should outright follow, but something that would help you make weighted decisions as you're trading. If it came to a point where they are saying something along those lines, jump ship and find a different signal group.

CryptSafe

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Quote from: xSkylarx on July 13, 2023, 09:59:45 AM

As long as it is free, then nothing is wrong with it. You just see and observe what they are doing and don't get affected by their results because they always show off that they are earning huge amounts, and the next step they will take is open another group that is like a VIP group, which again will attract newbies to join and pay a fee. It is not really useful when it comes to this, which is why it is better to rely on yourself than those signal groups, as they are just after your money and they ain't successful.

Joining free is how they start mate. They tell you the signals are for free and then you join after that they you join and possibly others too, they start giving signals which sometimes seems unrealistic and sometimes just a peanut profit and before you know they deviate to making an option for members to join their vip group with uninterrupted trading signals then they start give fake and scam projects scamming people of their hard earned resources. One just needs to be extremely careful the kind of Crypto signal groups they join so as not to get scammed.

tjtonmoy

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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.

If they are so profitable and can make that much money, why do they need to share it with others? And why do they charge you fees? If they are that much successful, they can make their own money. This is where it looks sketchy as hell. They are not sure whether it will be successful or not. So they use other people to check their predictions.

Also if it's not a Bitcoin trading signal group, most likely they are 100% scams. Any centralized crypto signals are scams. They will use their own money to pump the price, then they will give out a signal saying that it will pump more. When people buy it, the price pumps more. Then all they do is sell their own holdings. It's a pump-and-dump scheme.

Not all the signal groups about Bitcoin are legit. Some are and the rest is scams. So if you really want to be the best and be successful, learn it yourself. You should be the one making the call. If you are not confident enough, just try with small amounts. Trials-and-error is the best method in my opinion. So do it yourself. It will bring out the best.

SOKO-DEKE

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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.

The cryptocurrency industry is full of scammers, and scammers are at any angle looking for someone to scam. So I will advise you to be cautious of any actions you take in the crypto industry by relying on any sources, especially in this case of looking for a signal group. I can't say that there are no legit signal groups, but I seriously know that nothing legit in the cryptocurrency market until you win. So with that, I have confidence that all those signal groups are also trying by error because they can't continue to be accurate all the time,so I will advise you not to go for any signal group; if not, you may easily lose your funds there.

So it is better we learn everything about trading and do some research on our own so we can depend on our knowledge, and I think that will really be good for us. Relying on someone's knowledge and skills in trading may be bad, but when someone has their own knowledge and skills and depends on it, it may really be better.

Yatsan

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Well, it is if you are not that knowledgeable about this industry. You may use it to gain more knowledge basically but it will never be advisable to be dependent of those signals. Signals are simply biased opinion of how will the market behave on a particular timeframe, at the end of the day no one is certain of it. Patterns are indeed useful but nothing will happen in a consistent manner because of natural market price volatility in this blockchain. So to sum it up, group signal can be useful dependinv on how would you utilize it. If you are with a false knowledge that everything would be following those signals, then you should consider thinking more than what you are supposed to. Atleast have your own decision for your own good.

kaseygriffin

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IMO, don't join and depend on channels or signals, some places about news I really find it useful but just giving a price point of view it is a dangerous place for those novices who are inexperienced and are easily attracted by profits. I also heard about some signal groups that require a fee to join and they are assigned to buy coins at a certain price and wait for the pump, actually if it takes long they will mostly experience a lot of loss rather than getting a profit. It is important to take care of everything in this market, let's not let anyone manipulate our investment.

SatoPrincess

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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.

There are more scam groups than legit signal groups on telegram. I would not recommend using signal groups if you are new to trading, experienced traders who already understand the rudiments of trading can utilize trading signals from these groups and compare it to their own trade analysis before opening a trade. It’s more risky for newbies because they do not know better and will copy a trade and sometimes may not put a stop-loss causing them to lose their funds if the trade goes bad.

Davidvictorson

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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.

Since you have asked the question here it shows that you are not comfortable with joining the signal group. Personally, I do not care whether it is free or paid for just follow your instincts.
While there are scammers out there who will lure you in with free signals groups, there are also paid groups where they give you value for your money. And one of the things I have learned about paying to learn is that you are more likely to take if serious because you have already committed yourself than the unserious attitude one would have if it were free. Above please follow your instincts.

MAAManda

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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.

My advice is that you should consider doing research or checking the bitcoin signal group before joining, check their track record, reputation, and most importantly check the positive and negative reviews from other people or members.

If you find a lot of negative reviews, then you should not follow, or join in the group. And also note that the bitcoin signal group isn't one hundred percent accurate, so you need to be willing to take risks.

tbct_mt2

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Quote from: cheezcarls on July 13, 2023, 10:21:30 AM

Legit or not these so-called signal groups are not going to give you any promises or guarantees about the accuracy of their predictions.

They can promise or not but you can not knock their doors and ask them to cover your loses as they will have many reasons to say sorry and reject to pay you or they can simply don't answer your request.

Quote

I've already given up on these signals a long time ago. Been there done that and I have learned my lesson. Although I did win a few times but most of the time I've lost.

It's much better for you to self-learn in analyzing charts, candlesticks, etc.

Being independent in thinking for investment or trading is better than rely on signal groups and thinking of others. It is your money and you can not trust anyone.

Win or lose, if you believe in their signals, you have to enjoy whatever results, profit or loss.

Sometimes you even do not know who are group owner, founder and operator.

cheezcarls

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Legit or not these so-called signal groups are not going to give you any promises or guarantees about the accuracy of their predictions.

I've already given up on these signals a long time ago. Been there done that and I have learned my lesson. Although I did win a few times but most of the time I've lost.

It's much better for you to self-learn in analyzing charts, candlesticks, etc.

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Quote from: Salahmu

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.

well, sometimes people make mistakes for other people to learn lesson, so that they will do everything possible within their power to acquire crypto knowledge to know when to buy and sell than looking for group signal to join to know the right time to buy and sell which is not advisable. I believe, you will not join crypto group signal because you sound like someone that is planning to join to know if someone can profits all the time or not, I will advise you not to join so that it will not master you and it will not allow you to learn than to make you focus on the signal group on the time.

BITCOIN4X

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The trading signal group doesn't really matter if you are a long term holder, but if you are a day trader then definitely a trading group like that is what you need. You can join groups for free, while you can also become a paid member. But so far I tend to try to become an independent trader by making my own analysis rather than relying on the analysis of other people.

After all, group trading can be the reason why you lose and miss opportunities, it's because basically the market will not be easy to predict. If I were you I wouldn't need a trading group because my interest in bitcoin is as an investment, not day trading.

Topic: is it Advisable joining Bitcoin signal group? - page 6. (Read 904 times)