Relying on someone else's signals | Bitcointalksearch.org

peter0425

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Quote from: SirLancelot on May 27, 2023, 05:00:30 AM

Quote from: peter0425 on May 24, 2023, 11:15:47 PM

Quote from: libert19 on May 19, 2023, 07:32:05 AM

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

Not a fan of signals because I do my own homeworks and yes have succeed in various time but fails sometimes but now I stopped trading as I am not successful and many times.
what I do now is staking and holding (sometimes gambling) to grow my funds inside crypto market.

It's definitely better to do things on your own than relying on someone else, especially if it involves money because if you lose or fail, you will know and accept that it was your money and you lost it, and it's alright as it happens, but when you lose your money because of someone else, it becomes pretty difficult to digest that, to be honest.

it is yours so you are the one who must be more concern , each signals has their own shill account because lets accept the fact
that they are only here to showcase their invested coins and care nothing about us,
there are some legit but majority are just money taker.

Quote

Success and failure are a part of the journey, so it doesn't matter if you fail sometimes and succeed some other times, what matters is making progress and seeing growth, if you see that you are growing even if very slowly, you are obviously going to make it eventually.

Failure is needed for us to learn more .

this will help us understand the market deeply because of the losses we encountered .

win or lose? that is part of the investment world .

Rupok

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Quote from: libert19 on May 19, 2023, 07:32:05 AM

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

I totally agree with you. You are right, signal groups try to make money from us rather for us.I followed trading signals when I was first in cryptocurrency. Cryptocurrencies are uncertain, so signals don't always work. Many people may have experience participating in premium signals, but from my experience, those who give signals are probably connected to some group, I think they just try to promote coins for their profit.I don't follow anyone right now.Because currently fake signal groups are spreading. Those who have experience with cryptocurrencies I think should not follow the signals.

tvplus006

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I think it is more useful to observe top traders in real time than just copying signals that are provided by unknown traders: https://www.gmx.house/arbitrum/leaderboard In this case, you will be able to analyze the reasons why a trader opens or closes a deal and make an independent trading decision.

abel1337

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Quote from: bittick on May 27, 2023, 08:51:38 AM

honestly though, rely on the other signal seems like you just not ready for your carreer in investment and trading, but it's still understandable for many of the newbies that might still trying to find their way, so long you don't rely too much on these signals at the end of the day.

At the end of the day, They just want to make profit as all of us wants. Receiving or checking out signal doesn't mean you don't have a good future or will have a good growth on trading. Everyone of us has our own way of learning and there are people who tend to rely on signal to learn and have growth as time goes on. There are also people who rely on signal just because they only want profit and they don't really want to spend a hassle learning trading, I know someone who don't like to spend time on learning deep on trading this is why he rely on signals. I don't find it wrong but the only thing about this "signal" thing annoys me is the fake signal groups or self declared trading guru that ask everyone to pay them for some signals.

bittick

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honestly though, rely on the other signal seems like you just not ready for your carreer in investment and trading, but it's still understandable for many of the newbies that might still trying to find their way, so long you don't rely too much on these signals at the end of the day.

SirLancelot

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Quote from: peter0425 on May 24, 2023, 11:15:47 PM

Quote from: libert19 on May 19, 2023, 07:32:05 AM

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

Not a fan of signals because I do my own homeworks and yes have succeed in various time but fails sometimes but now I stopped trading as I am not successful and many times.
what I do now is staking and holding (sometimes gambling) to grow my funds inside crypto market.

It's definitely better to do things on your own than relying on someone else, especially if it involves money because if you lose or fail, you will know and accept that it was your money and you lost it, and it's alright as it happens, but when you lose your money because of someone else, it becomes pretty difficult to digest that, to be honest.

Success and failure are a part of the journey, so it doesn't matter if you fail sometimes and succeed some other times, what matters is making progress and seeing growth, if you see that you are growing even if very slowly, you are obviously going to make it eventually.

SyndicateLabs

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In the past, I have just started to interact with this market and have also followed some famous people talking about BTC, ETH, XRP, ... but later I realized that their signals or thoughts can be affect the market but only momentary and in the long run I can feel the growth of the market.
So short-term players often complicate themselves with skills experience as well as signal indicators, to me, each person will have a different approach and goal, so this problem is just the same a small part of the market's movements, but it is also very warning to those who are new to the market to always be cautious about their behavior in every decision.

JeffBrad12

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Quote from: peter0425 on May 24, 2023, 11:15:47 PM

Quote from: libert19 on May 19, 2023, 07:32:05 AM

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

Not a fan of signals because I do my own homeworks and yes have succeed in various time but fails sometimes but now I stopped trading as I am not successful and many times.
what I do now is staking and holding (sometimes gambling) to grow my funds inside crypto market.

sounds like more reasonable way to grow the investment honestly, with these signals mostly just speculation, maybe someone could luckily encounter some real good signal but what
if eventually the signals turned shit and then it was all for exit liquidity opportunity made by the one who made the signal, there are actually quite many influencers out there having created some
signal group but ended up becoming shit, eventually those that trade by following signal should be independent and make their own observation in regards of the investment that they going to make.
that way they don't get taken advantage of.

petulino

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Quote from: libert19 on May 19, 2023, 07:32:05 AM

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

I personally have not been associated with any such group till date and have no intention of joining any group. You are absolutely right that these groups only extort money from people and people give them a good amount of money every month.

Sometimes the signals of these groups turn out to be correct but only four to five percent profit is obtained. In which the trader with small amount does not earn anything.

If their signals turn out to be that accurate or if they have that much confidence in their signals, they should focus on making their own profits instead of forming groups, because the main purpose of these groups is to make money. Which they can easily earn by trading themselves.

peter0425

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Quote from: libert19 on May 19, 2023, 07:32:05 AM

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

Not a fan of signals because I do my own homeworks and yes have succeed in various time but fails sometimes but now I stopped trading as I am not successful and many times.
what I do now is staking and holding (sometimes gambling) to grow my funds inside crypto market.

raidarksword

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Quote from: libert19 on May 19, 2023, 07:32:05 AM

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

You are surely right about that these signal groups only make out money to everyone and they lying about it that they give signals to buy while they already bought low and once it pumped they eventually sell such amounts to make profit. That't why never rely on someone's signal instead make a study of it inorder to make profit from trading and it is better that way.

irsykes

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Quote from: riskarcher on May 23, 2023, 08:59:06 AM

Quote from: irsykes on May 23, 2023, 07:31:27 AM

Quote from: Teraboy on May 22, 2023, 06:41:14 PM

Quote from: irsykes on May 22, 2023, 04:39:32 PM

sometimes there are people who make altcoin signal groups even though they are the same as following other signal groups. because of the drawback they know, the more members participate it will make the volume power increase from the member's side, it will only take time, money. because the one who will win will get a big profit, only the group admin for placing the first buying and selling position. what I've experienced is joining VIP groups rarely finding learning about chart statistics or other things

yes, that's most certainly one way of taking advantage of these groups followers, you could always make the first entry and reap most of the benefits afterwards.
it's sort of maximizing your potential of your investment, basically turning your profits even higher.

VIP groups of this type attract newbies who want to get rich quick but it's not easy. it is better to learn about chart analysis than to join a group. It's not easy to get to know graphical analysis, but I think there's a lot of this material on the internet to understand, it's just difficult to understand quickly.

Never believe in vip groups or groups that promise profits, it's all just manipulation to take advantage of newbies who are ignorant of the market. Crypto markets such as analyst charts are formed due to sentiment from news in the world. It's useless to read the chart as long as the news still influence situation of market

experienced people will definitely avoid advertisements like that VIP group. it's just that most of the members who just entered the group are beginners who still lack experience. all I do is wait for the bull season to come in the coming year for now, preferring to keep my favorite coin in my portfolio before the altcoin market explodes significantly

GreatArkansas

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Quote from: libert19 on May 19, 2023, 07:32:05 AM

(....)
Has anyone here ever succeeded in following someone else's signals?

I already experienced this before. Before when I started following them, it was kinda profitable in the early days, like they have a list or journals about their performance, and during the early days, they are profitable especially when the market is bearing market.
But afterward, they started to become a premium channel where they are not free anymore, we tried to pay it for months only and after that, they become unprofitable, like their performance went down compared to their early days.

riskarcher

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Quote from: irsykes on May 23, 2023, 07:31:27 AM

Quote from: Teraboy on May 22, 2023, 06:41:14 PM

Quote from: irsykes on May 22, 2023, 04:39:32 PM

sometimes there are people who make altcoin signal groups even though they are the same as following other signal groups. because of the drawback they know, the more members participate it will make the volume power increase from the member's side, it will only take time, money. because the one who will win will get a big profit, only the group admin for placing the first buying and selling position. what I've experienced is joining VIP groups rarely finding learning about chart statistics or other things

yes, that's most certainly one way of taking advantage of these groups followers, you could always make the first entry and reap most of the benefits afterwards.
it's sort of maximizing your potential of your investment, basically turning your profits even higher.

VIP groups of this type attract newbies who want to get rich quick but it's not easy. it is better to learn about chart analysis than to join a group. It's not easy to get to know graphical analysis, but I think there's a lot of this material on the internet to understand, it's just difficult to understand quickly.

Never believe in vip groups or groups that promise profits, it's all just manipulation to take advantage of newbies who are ignorant of the market. Crypto markets such as analyst charts are formed due to sentiment from news in the world. It's useless to read the chart as long as the news still influence situation of market

irsykes

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Quote from: Teraboy on May 22, 2023, 06:41:14 PM

Quote from: irsykes on May 22, 2023, 04:39:32 PM

sometimes there are people who make altcoin signal groups even though they are the same as following other signal groups. because of the drawback they know, the more members participate it will make the volume power increase from the member's side, it will only take time, money. because the one who will win will get a big profit, only the group admin for placing the first buying and selling position. what I've experienced is joining VIP groups rarely finding learning about chart statistics or other things

yes, that's most certainly one way of taking advantage of these groups followers, you could always make the first entry and reap most of the benefits afterwards.
it's sort of maximizing your potential of your investment, basically turning your profits even higher.

VIP groups of this type attract newbies who want to get rich quick but it's not easy. it is better to learn about chart analysis than to join a group. It's not easy to get to know graphical analysis, but I think there's a lot of this material on the internet to understand, it's just difficult to understand quickly.

kotajikikox

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Quote from: libert19 on May 19, 2023, 07:32:05 AM

Does anyone have experience following someone else's signals? How did that work out?

I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc.

Has anyone here ever succeeded in following someone else's signals?

Have done this 3x and sadly those 2 are total losing and the other one is just a 10% gain that's why since then i stopped following signals instead i sometimes copy trading or better asking some expert friends opinion in certain coin/project that i am interested.
And yes luckily since then I am confidently earning than losing
Yes this is just my excess work in crypto since i have other things to do in life.

Try to prevent yourself from following signals because of like what you said, it was created for their benefits and not ours, instead ask forum members for better understanding and indeed good results.

Teraboy

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Quote from: irsykes on May 22, 2023, 04:39:32 PM

sometimes there are people who make altcoin signal groups even though they are the same as following other signal groups. because of the drawback they know, the more members participate it will make the volume power increase from the member's side, it will only take time, money. because the one who will win will get a big profit, only the group admin for placing the first buying and selling position. what I've experienced is joining VIP groups rarely finding learning about chart statistics or other things

yes, that's most certainly one way of taking advantage of these groups followers, you could always make the first entry and reap most of the benefits afterwards.
it's sort of maximizing your potential of your investment, basically turning your profits even higher.

lobo13hf

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Quote from: Bitstar_coin on May 22, 2023, 12:37:41 PM

I don't think such sites or platform can be %100 accurate, even though you are paying for the services the signal person may or may not give correct calls sometimes. I know some people patronizes this platform to aid them in trading because making the right call is not very easy, but if you are able to get %70 out of the money you paid for the signal service that should be a win.

that's the point, following trading signal should also be accompanied by our own analysis, so that it could increase the accuracy, that is even if we are capable, otherwise just follow signal blindly and see the rate of success if it's above 70% as you said, it's still good enough.

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Quote from: tvplus006 on May 22, 2023, 12:01:28 PM

Quote from: libert19 on May 19, 2023, 07:32:05 AM

...I personally have belief that all signal groups try to make money of you rather than for you, whether it be through making group behind paywall later on, using group members for pump & dumps, using group for marketing, etc. ..

As a rule, the owners of signal groups receive profit precisely through subscription, and not through trading. And if you carefully follow these signals, you will be able to notice that they are not so accurate anymore, and very often lead to the loss of the deposit. You can use such signals as an additional condition if your expectations coincide with the signal.

The signal providers main task is to have good number of users boarded on the channel. As said the revenue comes through the subscription and not through the trading activities. With the signal providers one thing we can see in common. When the prediction coincides with the market and gives profit the credit will be taken. When the prediction fails they don't take responsibility. Signals can be considered as a reference or as data to the analysis made by us. Slowly we'll get to know well about the market and can make closer predictions.

irsykes

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sometimes there are people who make altcoin signal groups even though they are the same as following other signal groups. because of the drawback they know, the more members participate it will make the volume power increase from the member's side, it will only take time, money. because the one who will win will get a big profit, only the group admin for placing the first buying and selling position. what I've experienced is joining VIP groups rarely finding learning about chart statistics or other things

Topic: Relying on someone else's signals (Read 294 times)