Topic: Must Read: Scams disguised as premium signal groups/channel - page 4. (Read 657 times)

Anything that ask for money without proven to be effective yet is an initial sign of scam. Even if you are making profits the moment you start, that will never create any guarantee that you'll never gonna be scam anymore. It's a well designed trick by these people and once people fall on their trap, then they will continue to take advantage of our funds until we end up pocket empty.

That's the reason why I don't easily go for paid signal groups or channels, because if their intention is really to help us and make us profitable, they won't be asking money in the first place. It just proves that whether we lose or gain profits, what is important is that they have already gained money from us.

On the best case scenario the signals you are receiving are honest attempts to guide you from a mediocre trader that cannot earn their living out of the markets, and if that is the case then there is no reason at all to follow them, however most of the time there is something even more sinister on those signals groups, with most of them being just pump and dump groups that are disguised as signal groups and that are looking to scam their customers.

I was also once part of a one-month premium cryptocurrency signal group on Telegram, but I didn't renew it. Some of the things you mentioned are indeed true. Signal providers often share enticing information with free members to entice them to subscribe to their premium, paid channels. Well, there's no harm in trying, right?

During my one-month experience, they provided around 50 to 60 signals for altcoins and Bitcoin. They also compiled comprehensive reports with a quite impressive win rate, above 80%. However, the issue was that some signals took longer to play out, even months beyond the predicted timeline. It's as if the service provider wanted to make sure the signals really won to boost the accuracy rate when the report was compiled. Maybe some of you are familiar with this Telegram channel: Fed. Russian Insider. Yes, I subscribed there for the first month at a cost of 20 USDT.

So, I consider it a valuable experience and knowledge for the price of 20 USDT. It was worth it to understand how they operate.

I am not saying that all the signal providers are scammers. Some do really provide good signals that often works. But majority of the channels are just scammers, who just take money from you and gives wild predictions. For them marketing is the most important thing and they don’t care about their subscribers. It’s really hard to find legit channels who offer good calls. Now to avoid these types of situations, I must say copy trading is great.

Yes exactly the money which you are going to spend on getting signals can also be used to buy a better coin so in such situations the signals which you are getting by giving money to them are not always accurate. There are large number of people who do not know anything but offering signals to others due to which signals providers are earning more but receiver are losing usually .

If a person takes help from signals but after some times he learn and do by himself then it make sense but if a person is depended on signals always then it worth nothing because you will surely spend on getting signals and utilize the money which you take as a profit during trading. Learn by yourself and then continue trading because signals can reduce your profit but your own hard work will move you ahead to reach better destinations.

Though I subscribed to free signal groups before, I haven't been in a paid one.
As I just wanted to observed how they are doing the announcement to their subscribers.
I found it not helpful as usually they will give the signal a lil bit late and you will be screwed if you followed their tips.
I don't know when it comes to paid ones, but I believe it is the same as they won't disclose all as mentioned by the OP.
There's no single paid signal group that has been highly recommended, meaning, there's none that is true to their claim.
Better learn your own trades and acquire those tricks thru experience. No one can steal those strategies from you.

That's why I never joined any of them even though I was just starting trading way back then.

Paid cryptocurrency signal groups are not worth it for your money, you might want to spend your money on your trading journey rather than trusting random people who "provide" trading signals. You have to know that technical analysis will not always give you profits, so why pay someone for it if you can make on your own. Making your own will help you grow, you might lose a lot of money first before your trading accuracy will increase but it's worth it in the long run.

It's always good and very advised to study the project blue print or white paper so as to know what one wants to venture into and the likey outcomes of joining such a group.
 
The group formed to forecast odds or make predictions for games to be played only formed such to make the best profit. Once they can successfully analyze the outcomes of several games, and have a bet code for it, the simplest thing is to create variations and post it into their group, such that anyone slip code betted on would produce a reward.

I wouldn't blame them though, because they make money from paid participation too and unlike any gambling business, the goal is to make profit and it might come at the cost of advertising success stories or testimonials to this end.

It's just to be careful to study the project idea or vision before joining or participating in any of its activities.

Going back years when we are new here  in market Like me loving to join free signals and thought I will become rich using them but what have I got? being a victim of pump and dump project and losses multiple times , till I learned that all of those signals are just copy trading and being paid by teams to shill for their projects, so if you wanted to deal in signals make sure that you knew what you are dealing and better to just use your position trading if not use your own time checking the project .

This is exactly my thoughts about the paid signals channel I believe a very good trader would rather trade anonymously and earn decent profits instead of creating a paid signal channel that would be distracting their job, In Twitter I followed many experience forex traders who are trading six figure funds with Prop firms yet none of them has time for establishing a telegram signal provider service but would occasionally post pictures of trading chart for their followers to learn some trading Price Action and strategy, meanwhile the so-called paid signal provider generate their income mainly from their subscribers of course their are not regulated thus carried out their fraudulent activities unchecked.

This question must have rang in so many people’s mind and they will still neglect the red flag and go ahead to pay this scammers for signals. There is something we should be aware of, rich or successful people hardly share their means of wealth until you’re close to them and have access to them and this does not have exception to some certain set of people or region. If they are super rich, they won’t waste time selling signals to people and be earning from there.


This will absolutely be the best way to learn about indicators and signals. Trading is kind of technical but when you have the right knowledge of it, it will be more simpler for you to understand and apply them during trading.

Just as you are working and hustling to make money, they are doing the same too; they take doing this as their source of income. That is why they do all this to call people to join their channel for trading signals that they are not sure if will be successful or a loss.

Learning is the best option for them; after learning, you will keep enjoying trading for free without relying on any signal or joining any group that may expose your privacy and lead you to be scammed or lose your money.

I agree with this, I have seen them and have heard about them as well, this is why I have been in crypto for ten years and yet never been part of any signal group, in fact I haven't even been part of any "free" ones neither. Thats another thing that people have to look out for, there are people who claim that their stuff is free and then they end up being a little bit different and act as if they are doing it from the goodness of their hearts, or there are free ones that are "demo" for the paid one and tell you like "you get one signal per day here, you get 30 at the paid one" and if that one is right, then they gain a customer, if they are wrong, then no customer. Never been part of any of them.

I was in one of those groups. Actually one of the youtuber i was following was sometimes the owner of the group and later I figured out that he was doing sponsor videos for some altcoin projects and telling his community to invest in those projects. In the mean time he was taking promotion charge from those projects and making investments before releasing the video and he later dumped his bag when his community started buying. These were low cap coin so it wasn't hard for a small community to pump up the price. His secret was revealed to me after he took a significant loss from a project.

The people who they attract the most are the lazy trader who are just looking for the easy road to be profitable in trading. Depending on signal groups is not a good plan if you want to continue trading, because whenever they demand money, you will always want to pay and if something happens to them, you will find yourself not able to continue trading. It is just some very few traders who are profiting from trading, some other traders are just trading their knowledge for money.

ALL signal groups are scams, do not trust them, the ones that are obvious scams are the ones where the creator is aware that he is scamming you and they are asking for money and trying to just make as much profit as they can while trying to scam others and convince them. The ones that do act like they are not scams are the ones the creator is actually trying to help you but it's just a signal and the signal is tied to indicators and those indicators can't be all right so you are going to lose anyway.

If it was that simple we would all use those indicators and we would all be getting richer, don't you think that if a single could be made for bitcoin wealth, we would all be aware of it today and get rich thanks to it, we would all be millionaires by now. So all in all, the idea of a signal group itself is a scam, you can't make profit via signals, nobody could give you signals that could make you rich, it is impossible and you should stay away from them all.

Premium groups or totally free, it doesnt matter or something that do talks on having no difference on which it would really be just that normal that there would really people who would really be that willing on paying up those sub fees just for them to get inside and get those kind of access but to those who do have joined which they do make out that kind of realization that those information and trading tips and suggestions is never been that too different on what they could really get on free groups on which this does proves out that there's no way that you could really be able to benefit even if you do join up with those premium groups. Always come in mind  that this market is really that unpredictable and there's no way that you could really be able to have that kind of edge because you do know on where its going? Totally impossible!

Surprisingly there are really just still those people whom do really easily believe that there would be those kind of advantage if you are inside of a paid group. Sooner or later then you would really be that able to tell
that it wasnt worth. So far basing up into my own experience and ideas in mind that its never been that considerable on making such act on trying out to join up for the sake of advantage.
Its up to you somehow whether you are willing on paying up on the said fee or not.

Yeah, we must generalize to such an extent that absolutely no ground of disguised pump and dump scammers are left outside.
Every single one of those so-called signal groups is a scam, either by tricking newbies to buy subscriptions to garbage or tricking them to buy a ton of useless shitcoins just so the scammers can dump their load on them.

It makes no sense to run such a channel, why would do it if you know you're profitable, having hundreds of others doing the same as you just nullifies every gain.
That's why the ones that buy courses on how to win the lottery don't win a single time while the authors of that non-sense are laughing their asses in cash, would you spend the money and go through the trouble of writing a book when you just win the lottery with 1$?


If those are legitimate and free why is that not everyone following them is a billionaire already?

Probably you only saw those pump and dump signal group on telegram channel that provide buy price and tp/sl with their signal but there’s indeed legit signal that provide better technical overview with their call to back up their signal and not the typical pump and dump.

Signal groups/channel started as legit service and just impersonate by scammers now due to its demand. I do agree that most of this group now is mostly scam but there’s still legit out there that give solid call. Ofc premium membership is required since owner is doing thorough research on bunch of tokens just to find perfect coin that is showing potential pump through TA and FA.

What you are referring to is a pump and dump groups and they neither charge people nor have membership program as their amin source of income is the shit coins or low volume coins which they would have accumulated earlier and just wait for the users to follow their signal and buy that coin which pushes the value of the coin higher and immediately sells off in bulk this the person who are late to sell their coins are losers. I am referring here to the crypto signal groups who shares the details on coins which we have to long or short with the specified there targets and only shows winning side by sharing screenshots and hiding their losing bet. unfortunately people falls trap for this and end up paying for membership. I have personally lost a good amount of money as it's like gambling wherein your mind is attached to the signal that as soon as it's shared you end up buying it to avoid missing out on entry price specified. If they really do offer such accuracy then why to collect membership fee because of their signals are so accurate they don't have to waste time creating group and selling membership and moreover no one will be poor. 

I agree with you on stock market but crypto is different.