Topic: Must Read: Scams disguised as premium signal groups/channel - page 2. (Read 657 times)

No matter how premium the signal group is, the signal group can never win my trust. I never trust this type of signal group. No matter how trustworthy a signal group is we cannot rely on them directly and blindly buy any coins. I never follow trading signals when it comes to trading. My question to those who follow the trading signals regularly is how much profit you got by following the trading signals regularly or how accurate these trading signals seem to you. I don't trust others to invest money. If their signal worked I don't think they would have shared that signal with anyone else they would have made more money trading their strategy. I think we should try to do something ourselves with our leave from such trading signal group. Even if you make a mistake in your work, you can learn something good from it.

one thing that these scammers seemed to always offer is overpromising, and most of the time by considering the fact that someone is overpromising already could save a lot from being scammed by these irresponsible individuals.
if people are so eager in following signal they should also know how to analyze then they'd have capabilities of differentiating bad signal and the ones that actually genuine at glance.
I think there are many people that use signal just for the sake of giving them heads up but then they proceed to make their own analysis, for veteran trader analysing is matter of just taking look at the chart at glance and knew what going on because they already have the experiences for it.
but for newbies, it'd be a big deal because they just understand whats going on so they blindly just follow whatever these signal are giving information about.

The free and legitimate one that you think is good enough to join, is the beginning of someone starting to join the channel or the paid group,
because advertisements from paid channels will continue to be displayed by providing news about profits every day and such.   

So it should be more vigilant with advertisements that continue to appear.
The service or type of channel provided also has several classes according to the price given for each channel.   

Joining a free or even premium channel and group I have felt and in the end when Bitcoin is still in the bearish trend no more predictions are given and everything stops. 

They would really be continuing to evolve because we know that people does continue to evolve too and get wary about their scamming attempts or schemes. Once it would be already bust up then it wont really be working furthermore specially if its exposed then there's no way that  they could victimized people that easy. This is why we should really be that careful on dealing up with things which are really that too good to be true because there's no such thing on this world would really be that pertaining about easy money. Everything could really be that so hard specially on making money or profits. Now that we are talking about premium groups or channel on which you would really be still needing up to think on how they would really be accepting out some subscription amounts if they are really that making that huge money? If you do make use of your own common
sense then you would really be eventually be able to make yourself that wary about on how things should works and its realist approach towards it.

Never ever make yourself do easily believe on what those groups are trying out to proclaim because those are really just that normal sweet words on which most newbies would easily fall on
specially into those people who are really just that starting trading on which they do really get easily hooked or victimized with these kind of places. Although there are free and legit
ones on which i dont see for it to be bad on joining them as long you arent paying something.

The same goes for people who don't have enough knowledge about scams and scammers. People who don't know how those scammers operate and what kind of strategy they are making in order to scam them, it is really easy for them to fall for it. Scammers could get away with their former strategies if the people they are scamming doesn't know about it yet. Once you see it or face it, you know it instantly that it is a scam. Even if you can't tell that it is a scam, you try to avoid anything similar to it. This is why people here in Bitcoin talk forum has been saying this over and over again. If you don't have the ability to learn it on your own and do it on your own then trading is not for you.

Sounded a bit harsh there, doesn't it? Well however it sounds, it is for our own good. If you can do it on your own it is not meant for you. It is that simple. If you don't believe this and follow others, you'll end up being scammed. Unless you learn it on your own you should never trade.

Scammers will always want to outsmart people so they try to improve their strategies every now and then so that victims will still fall for their new traps. Otherwise, if they stick to a single strategy and get caught, then they can't no longer scam anymore and the means  to gain their income will suddenly stopped, one reason that they should always improvised their strategies no matter what.

However, no matter how brilliant their new ideas are, there are still few people who can easily tracked their scams and prevent them from scamming. But in most cases, their accusations are not given value, instead people chose to believe on the too good to be true scammers that are using their mask just to deceive their future victims.

They even have free and premium memberships for the groups.

Just imagine, someone is selling you rotten eggs and to get those rotten eggs you need  pay an entry fee. Its a multi-level scam operating in unregulated waters. People just have to learn to avoid these scams and not jump into the gutter.

Only remind them of the first few lines from the OP - if they really had such cool predictions, they would not share it with the world but be rich themselves. Remember that rich people dont come among the common chatrooms, they live their lives in private.

Unfortunately there are way too many people who fall for it. These groups rarely have the power to pump anything, and they act like they can, they act like the yare more powerful then they really are. The problem is that they need your money to do it, so they will tell you what will go up, and everyone jumps in all together, which pumps it of course and then they take the credit for it. I am sorry but that is not normal and should be avoided as much as possible.

You can't really make it work like that, it is not the ideal way and it would hurt most people who are too late to sell. The ones that gets the most hurt are the people who do not sell first, and they hold too long, and it crashes, and they are holding some shitcoin because they were too late.

Most people don't understand these things, and the creators of such groups and channels always target newbies because they know newbies tend to be more vulnerable since they lack the necessary knowledge to understand their tactics. They know that if experienced traders or users join their groups, they will expose the tactics and techniques that they are using to earn money, this is also the reason why they don't allow anyone to send messages to the groups.

People who are new in the market and have always heard that it's very easy to earn money through cryptocurrency trading will fall victim to such things because when they see the profit screenshots, they don't think about all these points and they start thinking that they've got the address to the place that can make them earn a lot of money in a very short period, only to realize it's a mistake once they lose a bunch of money.

To be fair this is a common thing, not really a new thing. We have talked about it here in many topics and we need to remember that we could end up with talking about it a dozen more times and people would still fall for it. I do not get it completely, what kind of weird thing it must be that people would end up with a result like this? That never really made sense to me, I think it's obvious that we are talking about a situation that has to be a little bit different, and I think it has to be a bit sensitive as well.

I understand that we are talking about a situation that is so well designed that even after YEARS of talking about how these are scams, these fake scam signal groups still manage to find customers, that's weird.

They trick people by saying they will pump certain coins when that is not what they mean. They didn't say clearly that what they meant was to get people who joined their channel to start buying their coins.
That would obviously raise the price of his coin so that people in his group would think it was a pump done by signalers.
There are many things they can do to deceive people who join their channel, especially to get money from these people.
They'll make their channels paid, and they'll say they're an elite trading group and stuff.
That's why we have to be careful if we see an offer to join someone's channel.

That is a problem because they have too much affection for money and they think that by following these signal groups who show them great trades and easy money, they can be like them. Therefore, they are pulling themselves into the trap and know how these signal groups really are. In fact, it was a long issue but we can't blame them either because they didn't even care about reading those issues because their mind had already been focused on easy money and ways of becoming rich.

They post some result of their trades that's why those newbies thinking about starting their trading career think about that its good to follow this fake professional and pay their service since they thought they can earn it back since this people is bullish traders. Later they realize that they join on a wrong group once they paid those premium services and get nothing. There's a lot of stories about it and newbie should know that there's no good group asking a payment to their members since all of it is just a pure garbage(scam). They should get out of that group and find another good community that can help them learn and enhance their skills on trading. We can see this group online and also in this forum so they should not make all the process fast so that they would stumble on wrong group of people.

There is no 100% legit signal; all signals will make a user lose whether we like it or not, and the OP didn’t just join dump signals, but most of these groups claiming to provide signals are not legit because if it’s possible, the way they are hyping it, we will be sure of what they are talking about, and they won’t disturb people to join. However, as traders, we're not supposed to rely on signals but to help us when trading, so you can see that these people only claim that they’re proving people with signals but also not using them as they know that it’s not legit. So I think even if we have nothing in common again.


You are right. Scammers spoil the service, and currently, with those legit signals, I don’t even think they are still rendering the services again, as I’m not seeing any legit platform giving out legit signals. Even if we still have them, they are not much, and other ones are now scams.

No one can yet predict exactly what will happen in the future so it is not important for us to believe about what cannot happen according to what they predict, it would be better for us to study first to be able to avoid people like that because When we understand it well, we will be able to avoid these signal giving groups so that we can avoid making decisions in investing or trading.

Premium trading signal groups can only favour one set of people on the long run and that is the owners of the group and the admins. Do you know how they will be favoured;

• If there is a chance the signal will work, the owners of the group will first benefit from it.
• The fees that are paid by individual members of the group is already enough as a means to earn a living
• When the signal does not work, they will promise you a better and free signal next time to keep you in the system
• They built community base and also earn from adverts 
• They most likely might be practicing pump and dump

That's one way to describe being approachead by these scums, they entice you with great returns for your money in hopes of you buying into their schemr but when in reality, their signals don't have any semblrance that they're working, maybe because they want to make it big quickly so they lie, cheat and steal from you, that's why it's important that we're asking the right questions.

Definitely with you on this one, signal groups aren't that accurate anyways and you're better off learning about trading yourself and learn the basics on analysis and how to make a good entry. The only time that I would probably give in to these signal groups is when those signal groups are giving their services for free and I don't think there's no way that a scam or even your run of the mill signal group would do that because they know that they're not the real deal and they just want to fool as many people as they can before bailing out of the group or before they can go radio silence. If they invited me to this and it's free then expect me to join those groups and also they have to show results that their signals are correct or even close to what they're saying.

I really agree with this, although the process will be longer to finally be able to start enjoying profits but at least in every defeat there is knowledge gained that can be evaluated so that our trading gets better, but unfortunately, the long road will always be unpleasant to choose and shortcuts became the main choice without first checking whether it was possible that the signal would provide profits because they had already been tempted by all the screenshots of successful trades even though there were many more which turned out to make members lose.

All signal groups are totally a scam thing whether it was a premium signal group or not. In fact, it was very clear to us that nobody can predict right to what will happen next and why we should have to believe someone doing it. To be fooled into this kind of work, trusting these signal groups is no different from making themselves a fool. These people still don't understand how the crypto market works and they still don't understand the meaning of volatility.
Well, they can learn it after experiencing losses due to trusting these signal groups.

Learnings would always come after those mistakes which it is really that a very common scenario for people to experience on on which it would really be just that so normal that they would really be that
having those kind of initial thoughts on which they are really that believing into something which turns out to be delusional and on the  time that they do end up on making those mistakes or losses
then this is where self realizations would kick in.  If you are really just that sensible in the first place then you wont really be making yourself that ending up with those kind of steps on which
making up use of your own common sense would really be telling you on the things that you should gonna do.

Never ever make yourself believe about easy money because it doesnt exist. In speaking about trading and providing with those signals then it is really just that always
a pure guess and we could really make on our own without needing on following others. Dont easily make yourself that get fooled that there are groups
that making huge money because of assurance of those signals. It cant really be just that possible.