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

You are 100% right, most of these channels are Scam and simply make money from gullible newcomers.  I am surprised by the fact that they ask for quite large amounts, and of course there are people who join these channels.  By the way, I am a member of several channels where these signals are free, I once tried to trade and it didn’t really work out for me.  I don't really trust this topic.

A method that has been used since the start of speculative trading and even today can run in unregulated markets without the people running it from facing the legal route. Thing is that many people who are trading want easy money and they want this type of predictions/signals - all those terms mean the same thing, literally saying that they want quick and easy money.

Some of them are naive and gradually understand their folly and leave these groups but then everyday newbies come in which keep the members in a steady state.

To be honest, I joining multiple signals back couple years ago although im started to delete all the channels and exit from the group it is because simply drove my emotions back and forth and the result is not like they advertising it. It is always better to lose by my own signal than use a paid premium signal.

I used to pay 3-4 group signals and what you have said is exactly what they doing. The last signal that I paid came from the instagram ads and basically they want my profit and ending up the signal provider is run away from my 100$ deposit what a joke. after all happened Im not going to buy crypto signal again

And even if we were to assume that there were some good signals groups out there which could give good signals, not much would change, as even if you were to give a newbie trader clear instructions about what to do and how to do it most of them will lose their money anyway, and I know this is true as there have been experiments like this being conducted on the past by famous and successful traders and this is exactly what happened.

Yes, Premium groups mostly work with their own members, have many members and deal with some token or coin owners, and never give any information about the market at all, because I think many groups' admin market. Have no idea about it. That's why they often share them for their next steps.

There are many people who take different signals in trading and face losses. Basically in terms of trading I think these types of signals give wrong decisions and most of their suggestions turn out to be scams. Basically, all other people take other's advice and trading signals hoping to profit, but they end up losing most of the time. I have seen several times that there are many channels that only offer scam altcoins, and they often take people's money. All of these coins signal where they once pumped, then dumped, and at some point in the future, the coin never came back to the top. Individuals who make such plans and trade by adopting different groups of channel signals will never succeed. It is true that one can be successful in the work one can do with one's experience, so one should use one's skills in order to advance in the future. When you trade, you need to know better and practice more knowledge so you can trade profit in future.

There are many traders who join various signal groups and trade following those signals and are the ones commenting on such warning posts that trading following signals is risky. That is, on the one hand they follow the signal and on the other hand they discuss the warning of the signal. 

I don't understand why people are so fond of trading by following other people's signals. I don't trust other people's signals, we who follow trading signals may think that those who provide signals may have very good idea about trading and they analyze the market very well then they may give us signals. People who think like this and follow trading signals, I think there is something wrong in their thinking because they are not that much experienced about trading. Maybe a very small number of trading signals match them to some extent, it will happen to you as well, when you give out ten signals, one signal will definitely go in your favor. So I think we should always stay away from such trading signal groups.

What is often found in signal groups is that signal givers say there is a possibility, or they provide several possibilities that could happen in the analysis given to their followers. So actually the signal is still a raw analysis result and needs to be reviewed for anyone who wants to use the signal.
But for those who don't have trading skills, all they need to do is follow the signals they get. So the consequences of the risk are also quite large.
Indeed, we don't know whether the signal was successful or not. because those who join the signal group may also benefit from the group. we cannot assume all signal groups have bad intentions. but to reduce risk, we must increase our knowledge and skills in trading.

the thing that people should know about most of these paid groups are that, the signal giver doesn't even have any idea about their own signal, they just see some anomaly like sudden rise in trading volume as well as some good news and call it signal. its a good heads up for those that already observing the market in the first place and can see whether the coin have potential to ever rise, but definitely not something that anyone should just followly blind. thats why sometime you see some newbies went bankrupt,they choose to follow signal blindly, i've been following quite many signals in the past and its not a rare thing to see the prediction is miss.
these signal aren't financial advice, so better keeping ourselves from just flocking onto it, who knows the signal group owner might just be seeking for liquidation and you will become the food.
after all there are so many such cases that actually its quite an ordinary thing to see some signal group owner taking advantage of their member just for the sake of exiting the market.

This presents a warning to all nations. Scams often use the lure of different signal groups or channels to exploit people. Many scammers use multiple promises and make offers that mock the insecurities of the workforce and siphon off their money. For starters, never trade your personal or general information or stay with anyone who asks for your valuable information. Avoid committing to any additional offers. Prioritize your financial security by avoiding sharing personal or sensitive information unless you are absolutely sure of the legitimacy of the source. Caution is the key to staying safe.

1. It really makes sense what you said. One of the reasons why they want to share signals, both free and paid, is that they want to share so that other people can also benefit and can get good profits from trading, so that they are not the only ones who can do it. Well what I mean is: is anyone really this good? I'm sure no one will be 100%, because they certainly won't reveal their other secrets to gain profit. Because after all, money is too sweet.

2. That's it. Even though they are sure that their signals are good and always work well. but we can't be sure, can we? The only thing I see is that they share screenshots of their success in the market with several percentage increases. Not the entire portfolio. They will say that it is secret of course, and yeah it is. 

3. Generally, they will usually have a free signal group, but of course there is less access to get a signal. Meanwhile, for those on VIP or paid signals, there will usually be more signals and also several market condition tricks. However, this cannot be confirmed as true. So what is more certain is that we still have to master market analysis well so that it can only be an additional method for considering our analysis.

After knowing such facts some newbie are mistakenly done these acts through which they are affected by these scammers and they are in loss even I had already seen people who love to get the signals through the groups and thoroughly they are waiting for the other admin of the group who just send them the signals and they share these signals in other groups.

In fact I'm not following any of these by doing my trade anywhere because I had knew about them they are only scammers who just take money from us and they never give us even a better signal in any aspect. May be some of their signals are on the right track but they also copy their signals from other groups and they share in their own group which I think is bad.

These 3 points is enough to realize they are scam and fake traders. My telegram is full of such scam paid groups, I don't know how i added in such groups. Paid signal is big scam  when i asked to myself about such points here you discussed greatly. They don't need to sale signal if it works then they would have already become millionaires.

This is very related to several pump groups that have gone viral in my country, their method is to buy coins before pumping then after they finish buying, they will do a buzz so that their members buy the coins, as a result after the pump reaches thousands of percent the pump group sells them until a quick dump occurs back to the initial price. This causes large losses that vary for each member. Some people with capital of $7000 end up with $80. Some even wanted to commit suicide because they experienced major losses. This is very unfortunate due to the lack of awareness among members. In fact, there are still those who remain in the bullshit group.

This group always creates new pump groups with the same owner and crypto address 🤦‍♂️

The signal group itself has also recently had a lot of members experiencing big losses due to shorting when Bitcoin experienced a price rally from 26K to 38k yesterday.

It can be seen from this that each signal group has weaknesses even if we use a good MM. In essence, it is up to ourselves to consciously organize and carry out trades. If we feel that trading is detrimental every time we do it, then most likely investing by buying and holding is the solution.

They are good at manipulating the members for sure, if not they are amatures at trading but able to make use of buzzwords well enough to catch their attention.

Some signal group owners pump their own coins, other just raise money from the membership fee and feed bullshit to the members. It varies but either of them is a scam that you cannot bring justice to in a court of law.

They are anonymous groups and on telegram its so easy to create such groups which allows them to continue operating under new names.

I'm not a fan of indicator but I grab what you're saying here OP. I always tell my friend that anyone who collects money to trade for someone is something to have a deep thought about. Fine! If you don't know how to trade why not the person try copy trading at least there you can share 10%10 of your profit with the elite trader who's trading for you. It is kind of different because you need the elite trader service unlike all these paid groups that will come to DMs and show what is not true

Most of the times people who are new to this forum make these mistakes because they don't have that much knowledge. Because of that all these groups target newbies. Those groups understandably try to trap newcomers in various ways. So newbies should find out the right things without falling into their traps. Earn lots of money in currency and become rich overnight. They must have enough knowledge about Bitcoin to avoid falling into this trap or else they could be at risk.

I think it's a common sense that no one can predict the market so it should also be a common sense when someone is trying to get you into a signal group and that their calls are accurate to the teeth which most of them tells you so you join in their group. I can tolerate those free signal groups but the ones that are asking to be paid is just deplorable like dude, how can you make this kind of mistake? You should be building a community but then again, money is such an attractive thing so they always go for making their groups a paid one even though the predictions are off or not even that accurate. Unless someone in that signal group is doing insider trading and many other things which I doubt a thing that someone with insider knowledge do which is creating a signal group, with insider trading you should just do what Bernie Madoff did.

We know that people are lazy and just sit around but they would like to earn money and some of them see potential in joining the cryptocurrency groups and channels that are good for making an investment, and, one of their best solutions is to join this, wait for the signal of the other people, make an investment and let this earn. But by the end of the day, they are letting other people decide where they invest without any assurance if this is right or not.  Even though it takes time to learn trading fundamentals its really worth because at the end if you can now make to do your own trade you can now decide which is the real one really ideal to make a position and not just being dependent to other people.

This made me grin a little. Are the owners of this signal group really good at trading or are they just making money by fooling their members? And what doesn't make sense to me is that newbie traders and even old traders are also willing to pay for these signals or groups of signals and sometimes complain if they suffer losses. Yes, as you said, most skilled people will use it for their own benefit. Doesn't analysis and trading require concentration and time discipline to get maximum results? why now switch to managing signal groups? which might break your concentration due to comments from members? Or is the group signal profit bigger than the trading profit? Or is this just a ploy to raise money so that the signal owner's portfolio will grow?

Many of the signal group and pump group scammers have been exposed for their rottenness. For the sake of profit, they are willing to drain their members' money. Unfortunately newbie traders still believe in this, it's ridiculous!

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.

Those which fall into those scams do so because they really do not stop to think if what they are reading makes sense or not, a strategy that wins every single time sounds appealing, as who would not like to have a strategy like that? However they forget that such a strategy cannot exist and if it did no one will share it, so they are easily deceived by scammers and they are attracted to those groups, and then they read all of those fake reviews and they get convinced that what they are seeing is real, so they finally give some money to those scammers, money they will never get to see again.

Your point is however a warning for us as I have seen many scam channels where they cheat people with different signals.  Earlier I saw a channel where the channel was premium, but they didn't have any group to text. And I think channels that don't have groups always get scam traps just to grab money from people. Most of the new people think of trading after seeing those signals, and sometimes they lose money especially those people give some tempting signals, for which people go to trade according to those signals. Those people who make such predictions are mostly wrong, so it is best for beginners to be careful. Basically, I think the things you have shared here will be beneficial for a newbie and everyone, it always helps us to learn a lot. So by reading this article, we must avoid accepting those scams and never trade using such channel signals.

This is why I don't trust any trading signal because there's a high possibility that they are scammer who are after your money.
I've seen a lot of offers here claiming to have a 100% strategy to win and make profit hopefully no one follows that fake signal group. We should be more knowledgeable about the market and I'm telling you, it will be worth it than to join any signal group, stop wasting your time and your resources on any signal group, that's too risky.

Perhaps, that was a problem for many traders, they easily fall into the traps of scammers because what is in their mind is all about money neglecting that is can be possibly a scam project. I was very certain that the scam would never end and they will come up with new and effective ideas that even experienced traders may fall into their hands.

The only option and I know is it quite effective to avoid them is not to trust strangers who offer help as it is their tactic to gain trust and then execute their plan. We have anticipated it before we fall into their trap.

Unfortunately, the world revolves with money right now. If you don't have the capability to pay, you will never received good ideas or strategies that will help you maximize the profits of your investment. However, with the existence of paid channels these days, I cannot say generally that they are into scams. Some are actually just trying to use their channels at an advantage to provide helpful tips and ideas in exchange for money to improve trading and be successful on it. Some are really reliable but majority are already driven with greed and end up scamming the people while trying to market their strategies in exchange for money.

And those who are greedy and are already hunger for profits will eventually bite this kind of offer. But still end up losing their trades because what they paid do not really work, even if they say that work for those who provided them.

AcTuAlLy (makin fun of myself there)...although I agree MOST are scammers/schemers, I just joined one that's kinda cheap that I've been wanting to get into for many years. She's VERY good, and posts data on all the trades, with profit/loss stats for each trade. She also tells you where to put stop loss, and different targets for exit, so it's not just like "buy this coin now!" kinda pump n dump. Her TA is top notch & she has a HUGE following on X (I know that's not an indicator) but she's kinda a big deal, with a team & magazine & movie even I think & does give some free signals on X where you can see her TA is GOOD.

I'm kinda new here as far as posting & am not sure of exact rules, so don't think I can give her name or link to her site...that's NOT my aim....and won't tell you if you ask, even though I do have referral code, cuz this (bitcointalk) is the only site I lurk on to get good info about crypto & I don't wanna jeapordize it. Though if someone w/good merit assures me I can say her name, I will only give you her very commonly used first name & you can find her w/a little effort.

I just wanna say there are some really good ones. I've been in crypto since 2016, though I still feel like a newb...and lost a bit trading like a degen. But I did that to myself, not cuz I followed others' coin recommendations [well, not technically...though I did flw high quality accts on X & would DYOR before making purchase (usually LOL)]. And then I'd get emotionally attached to coins, so this TA group is what I need so I just follow their rules accord. to her TA signals that show where to put SL & 1-8 profit targets. When you always get out of a trade at approx. 3% SL but almost all trades are exited w/minimum 5-10% (oft way more) profit, with very few being at a loss, then you win...cuz her TA is tops.

Yeah, that's how it is. There's this thing that goes like this,"you never know until you try." So the thing is, those who don't know about it easily fall for it. But when they experience the scam, they learn it on their own. After this experience they become cautious and try to avoid any scam by any means necessary. Only then they try to see the picture from a different perspective.

Only a few will try to listen and avoid getting scammed. And as humans, we are more likely to do things that we are told not to. That's why even after reading this and that, they always fell into scams because they want to learn it on their own. I am not against this idea because what you lose you can always make it back. But you learn a very valuable lesson with that. Either way, it's good to share these and let people know. So thanks to OP for this post

Yes, it's their loss when they don't listen and keep falling for one or the other trap when these scammers comes with new tactics. I have started joined one such group and their YouTube channel where they offer free signals and as well as premium only for paid subscribers over telegram and in the last 6 months they have made so many predictions which went against them and they even disabled YouTube comment section as users started posting negative stuff about the channel and all of a sudden I see these guys boasting about their prediction as few recommendation they made and asked us to invest in some altcoins 6 months ago has performed but if we check all their predictions in last 6 month they have suggested more than 150+ altcoins, now they have picked few altcoins which has pumped during the month of October and gaining more subscribers/paid participants.

People should just think about one simple fact that these guys would be billionaires if they can predict so accurately and all the subscribers will be billionaires as well and they will not be asking for $100 or some amount as a subscription charges.

That's true that they're coming up with new ideas every time they're being busted with their former method.

But the good thing about being a good analyzer of these scams is that  you're able to provide info to the ones that don't have an idea yet of that scam you've figured out.

That's why sharing it to these forums like BTCTALK is one way to go and if they listen, that's good but if they don't, that's their loss.

These signals groups have been long debunked but still they exist because many don't listen.

I think giving them leeway is going to make it worse. Sure, nobody forces the members to follow their call, but if they consistently make pump-and-dump signals or even fake calls, then we should at least call them shady instead of a signal group. People will always put disclaimers like that to avoid liability, but I'm pretty sure we can at least argue if they are doing it purely in good faith or not depending on how they make the calls. But yeah, I do agree that people should just ignore them altogether. Finding one that do it in good faith is almost impossible.

Actually, no one can deceive you unless you allow yourself to be deceived because of carelessness and easily believe the promised benefits, fraud is always everywhere and it doesn't look like fraud because fraud will happen at the end of the story.
It is best to learn more about trading yourself, and become an expert in fundamental and technical analysis so that you can thrive in the world of cryptocurrency and it all depends on your hard work and efforts to do so.
And since I got involved in this industry, I never wanted to get involved or know about cryptocurrency trading signals or channels, no matter whether they are true or scams. And I always try to develop and correct the abilities and knowledge that I have. And whether the results are good or bad, it will be a satisfaction for me.
If my trade is not profitable then I will correct the mistake and if it is profitable I will increase it and I do it according to my ability.

Doesn't matter how good you are at analyzing scams and legit things that will always be people / scammers coming with new ideas every day. And it's not the people who have been around for a long time that falls for those scams rather it is the newbies who fall for it easily. Knowledge is everything and experience is the key to avoid such thing. Even if there's a legit signal group / channel, why should one rely on it? I mean, what can you gain from it? Profits? For how long? Everything has an ending and it will eventually end one day.

Although it can be used for a learning instrument. There's a lot of free signal group that provides you with various signals or upcoming trade analysis. You can combine many data and compare them with each other to see which one has the most similarities with others and use that to verify your own analysis. That way you can gain some confidence on your analysis. But in the end that's not the best way to do it. Trial and error is the way to go. Use small amount to learn and when you master it you should move on to the bigger picture.

Once you do have the experience then you do really know on how to spot out those scams immediately comparing into the time or moment that you are really just that starting up on which you would really be that
not able to notice on which place or thing is scammy or not but on the time that you do have that right time or moment that you do have been engaging into this market then you are already getting used to it
then for sure it wont really be that so hard for you to be able to see if anything is really that indeed shady. Joining up signal groups could neither be beneficial for you or not since you could really be able to check
out whether those analysis would really be that something considerable for you to get and apply into yourself. You could really be able to differentiate on whats useful and whats shit.
Therefore experience would be always the key into this one.

To be honest, there are a lot of crypto signals that are infested with scammer groups. Many of them are victims of telegram channels. I was curious before and tried to join to find out what their styles were.

And that's what I saw: in the beginning, all the groups agree to believe the target person they will victimize, then when they see and get the trust, they will tell the sign that it is necessary to take out money, and in the beginning, they will feel they are true by showing the investment of the money entered and offering to invest again to earn more.

Even if you are already an expert and you still join a signal group, you will still come across them. But the only difference is you can now easily tell if who is telling the truth and who is lying. You shouldn't expect too much from a free signal because they are only free anyway.

Though there are some really good trials. They can either be a trap and scam you later on, or what you see is also what you will get once you already subscribe to their premium group. Those who ask for an account must be a different service. I already saw like that. It could be that their accounts were already limited and they are still legit to give you a commission but just be careful as many can use that to hack other's account.

accurate or not, if it's just sharing signals in my opinion it's not a scam either. Apart from that, it was also stated in this group that no analysis was 100% accurate. Even some of the signals shared may not be profitable.
paying or not, when a signal channel does not force or recommend investment in a particular project that looks suspicious, I don't think such a channel group can be called a scam.
I know there may be people who have to pay to join the signal group. but you have to join the group. and the manager is obliged to give a signal to the members. When both parties carry out their obligations and obtain their rights, that is normal.

I have some experience in between two when it comes on how analysis is been represent on which you do have some points about showing neither in detail or just simply putting up screenshots.
I could say that if you do join up some groups with having those kind of back up reasons or explanations on why they have done such position then it is really that good for you to learn up
but you could actually be able to make yourself get those kind of information or learning even with those free ones. I have been able to join a group which have that kind of detailed analysis
whenever they do post up their own takes and opinions towards the market on which you could really say that it is really that something worth to be followed.
You are the ones who would really be making such comment whether its really that something good or not.

Just like on what others been saying that it isnt really that necessary for you to pay up for something just for you to learn. There are currently free groups on which you could really be able to
join if you wanted to. Its not really that something risky as long you arent that getting involved with some pumps and dumps. You would directly be able to notice
it out once you do have that sufficient experience with it. For newbies then most likely you would really be that easily get hooked into this but once you do have that experience
then you could spot out it and make out decisions which you do seem that it would really be that something good for you.

There are a lot of cases like this. I even experienced before the proclaimed premium signal group/channel was just an impostor of another premium signal group.
It was really surprising because the fee to join to the group is extremely cheap but one day, there's some member found out that this impostor group was just copying on another really premium signal group.

There are several differences when joining a free signal group and also a paid signal group. If it's a free signal, most of them provide screenshots of their trading results, including ins, outs and other information, which aims to attract them to join their VIP group which of course is paid. This is not a small amount, because usually there is a fairly expensive fee to join the VIP group. The more people who join, the more profit they will make.
Usually they give several signals a day. And of course, nothing is 100% accurate.

I've joined both free and paid signal groups, there are some differences, maybe one group won't care about their memes. However, there are also other groups that really care about their memes. And in this case, they also said this, that there are no predictions and analyzes that are 100% accurate. So, you have to keep learning and making strategies to be ready for whatever market conditions. And usually, they will share various possibilities that might happen. So they also provide tactics when the market changes direction, when to use SL/CL, when to set hedging, and so on. And they also opened a consultation to learn several things. but of course, maybe one group will be different from another.

But what is certain is that it is true that we should not just focus on signals from the group for trading. because, no matter how good the signal is, if we ourselves don't understand and don't want to learn how to analyze the market ourselves and also evaluate some of the trading things that we have experienced so far, then it's useless. Because we cannot optimally use this signal. In fact, we will actually make the wrong move because we might be late in entering or just relying on the trading signal. So, indeed our insight and knowledge about trading, methods of analysis and evaluation, as well as the various strategies that we must have are very important.

I once encountered this situation when I was a beginner in trading. I used to follow a lot of telegram groups to follow signals, and some offered paid signals if they gave free signals that were cheap or of low quality, some just randomly gave signals without basis, and the worst was some asking for your account, saying that they would handle it and that they were the ones who would trade for me. At first glance, as a beginner, you will be struck by the eye-catching and ear-pleasing promises about how much you will get if you invest in them, but in reality, there are more scams than real ones. That's why I stopped following signals and honed my own skills and experience so that I would not rely on scams scattered around, so avoid telegram groups; there are more scams than legit providers there. Even if they give free signals, don't just follow them; analyse them first to see if they're valid.

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.
 

Using premium signals will pay off at first, but over time the performance decreases and there are even no successful orders.
Premium groups that only copy other people's signals will only give numbers without explanation, giving random signals.

They have already benefited from the registration fee.
Just imagine if the entry fee is between $100-$200 and multiply it by the thousands of members who join.
They are already earning hundreds of thousands of dollars without trading.

To avoid being added to unknown telegram groups, set the privacy of your telegram account,
it will solve everything and no strangers will add you to unknown groups.

If the group only shares trading signals, whether they are successful or not ultimately the decision to follow the signals lies with us. some traders may not immediately follow the signals given. they process and try other analyses to ensure the accuracy of the signals before they place a position.
I don't like it when there are signal groups that end up sharing advice on investing in shitcoin projects. they benefit from collaboration with new projects. telling their followers to invest in the project. but the results do not match your expectations.

I don't believe that this premium trading signal will only benefit the group owner because members have to pay for it, there are always those who say that somehow the free trading signal is always profitable when they follow it, but when entering the premium signal, the profit is no longer worth it, is it because the signal is no longer relevant so the owner distributes signals randomly? That is their expression.

I actually joined a lot of free trading channels, I don't know why I joined them, but they are actually automatically messaging telegram users or a bot that is run to attract all users to join the signal group.
Do not trust any trading group, it will indeed drain the customer's money and the owner only benefits from it not from the trading results.

What I see in those signal groups is that almost all those in their chat group channel on Telegram are really scammers. Then, in fairness, they are experts in hyping the community here in the crypto business industry. Because they still have a lot of people.

Because if there weren't so many people being cheated, those groups of signals wouldn't exist by now, right? So my advice is: don't join those groups of signal channels. Believe me, they will eat or just eat your money for sure. Be careful and think carefully before spending money on such things.

I think you have to be careful with generalizations here. There are indeed legitimate signal providers that have been around for a very long time, especially in the stock market, and can definitely demonstrate success there. Some are even free, for example this one: https://www.wallstreet-online.de/aktien/signale

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What I think you are referring to here are pump & dump groups on Telegram or signal groups that post signals for coins with extremely low market caps. These are actually scams, as the process is usually as follows:

• the group operator stocks up cheaply on the coins he will post a few days/week later
• the group operator posts the signal in the group and sells his previously cheaply purchased coins at a very good - because pumped up - price
• the slowest participants in the group are left with the losses
• the group operator buys the next low market cap coin and the game starts all over again.

So yes, calling this a scam fits quite perfectly.

Signal providers are scammers and nothing more that we can call them. They only care about their pockets and not the signal they give to people. If they give signal and the person trade with it and the person lose, they are not concerned or bothered but happy because of the money the person paid them for giving him the signal. They are just fake as they are and nothing more good than to avoid them.

But if the early adopters are in the free group, they will see the numbers given and the motivation to buy with the signals given.
Free signal groups created with thousands of members will attract many people, they actually don't want to provide free signals, but rather promote their premium signal groups which in turn ordinary users will start to be interested in joining.

This happened to me a few years ago, when I was new to crypto and didn't fully understand trading.
Initially, I joined a free group and made some profits. With that success, I went to the premium group, and guess what I got.
Yup the premium signal did not provide a good income, even when it was in a bear market so it made the premium signal vacuum in a few months.

Such groups are better to stay away from, because it will just be an organized trap that will drain the money of anyone who believes in such groups.

They also add members automatically when telegram users do not limit who can add them.
Like this Signal Premium group, I was added automatically in 2021 and they are just a bunch of scammers.

Crypto singals are a type of copy trading, but due to the lack of any regulatory legislation, such methods are used for fraud. In the stock market, there is a company that has advisors, which takes your money as liquidity and invests it for you to make profits by obtaining recommendations from these advisors. Here, the advisors make a profit, the company makes a profit. He wins and you make a profit.
In cryptocurrencies, due to the difficulty of predicting in the short term and most of the trading does not take place in altcoin, even if these groups are free, they can use the liquidity to pump some scam tokens without your permission, the chances of you being scammed or losing your money are almost certain.
The only non-scam case is when others like to share their recommendations and tell you that DYOR.

Before I go any further I would like to clarify that no one can predict the market and I am going to shed some light to the modus operandi of those signal mafia as they add you to their group which is created to attract customers where you will find screenshots about how their signals has helped members to earn a lot of profit and even you can earn huge amount provided you join their premium channel:

Here are some basic questions we need to ask ourselves:
1. If they can help you earn so much profit they would already be ultra rich and wouldn't be spamming your inbox to join their paid group
2. Why don't they share the daily report or weekly to check their accuracy percentage
3. Why don't they make it free even on trail basis so that users can get a first hand experience and join

My observations after being a part of a paid and few free group who provide limited signal for free users and more for premium:

1. Let's say they make `6 predictions/signal a day and even if 5 signal fails they will still share screenshots about that one signal which was succesful and it's a simple maths lets say you have $100 and you divide that investment between 4 bets which the channel/group has to offer and you go for long/short based on the update by splitting $25 each and end up losing everything in 3 signals and gaining 200% (inflated number just to explain) from 1 signal they will take that screenshot and start marketing and use it as bait but you will only have $75 though you won 200% in one coin but lost in other three and maximum number os users will lose everything.

2. Why don't they make a report though it can be manipulated, still sharing a daily report or weekly report to define the profit and loss which members have incurred will help other to decide whether it's worth joining or not. But if they start sharing it, trust me no one will join looking at absolute numbers.

3. If they make it free trail then users will understand it's a trap and will not join the channel/group

4. They will have 4 stage for take profit and if it hits 1st target and liquidates while you are waiting for 4th target to be achieved still they advertise that you have got a profit of 1st target and vice versa

Conclusion:
Rather go for technical analysis nad learn to read indicators and back test the date you will be in a better position to trade rather than joining paid groups.