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Topic: The End of Crypto Signal Groups - page 5. (Read 1153 times)

member
Activity: 512
Merit: 11
September 20, 2019, 12:15:00 PM
#32
It's already 2019, I thought that signal groups has slowly dying because there's no more money flowing in the market at this time. The people behind have been exposed as running a scam so I don't know why individuals still getting into signal groups despite the many warnings this community has been given.

No need to rely on those group, if someone really wanted to get rich then do your own TA or at least learn and study how to read graphs that's it, there's no secret recipe here but hard work and knowledge.
I think that the majority still believes in these groups, since many have the habit of trusting the Signal Groups since trading on Forex.  It was on Forex that the Signal groups acted, which somehow made it possible to receive a certain profit.  But this is only nominal, since the main profit was concentrated in certain hands.  I believe that the same practice applies in the cryptocurrency market and therefore all Signal groups should not attract the attention of traders in such a massive way.
legendary
Activity: 2212
Merit: 1008
September 20, 2019, 03:26:44 AM
#31
~snipp

Signal groups were not useful at all. And those users who earned profit made it by chance, not because of these groups. Maybe only naive and unexperienced users really thought that such groups might help them, everyone else new this was rubbish.

Not all of these signal groups are rubbish, sometimes there are some signal groups that give signals while educating their members. Even in my area, we have a community like this, where we provide technical and fundamental analysis while predicting prices, unlike other signal groups where they only ask their members to sell and buy at certain times but a good signal group is to give reasons for every market movement according to its own sentiments .
hero member
Activity: 2842
Merit: 772
September 20, 2019, 03:09:35 AM
#30
It's already 2019, I thought that signal groups has slowly dying because there's no more money flowing in the market at this time. The people behind have been exposed as running a scam so I don't know why individuals still getting into signal groups despite the many warnings this community has been given.

No need to rely on those group, if someone really wanted to get rich then do your own TA or at least learn and study how to read graphs that's it, there's no secret recipe here but hard work and knowledge.
member
Activity: 854
Merit: 10
September 20, 2019, 01:50:20 AM
#29
Crypto signal groups were meant for the stupid newbie who don't know anything about trading. They want to make some quick cash, that's why they get into it. For a little knowledged people, it was ended long ago. Signal groups are one of the crappy things I see in crypto space, they make money for nothing, in fact for deceiving people.

You are right, those who are providing crypto signals will have their own goals because with sudden growth it is impossible to sell them quickly. Definitely this will lead to loose value in the market, I have personally experienced this type of failure by following those signal groups. So it is not suggestible to follow those signal groups.
sr. member
Activity: 1372
Merit: 322
September 19, 2019, 11:33:21 PM
#28
Crypto signal groups were meant for the stupid newbie who don't know anything about trading. They want to make some quick cash, that's why they get into it. For a little knowledged people, it was ended long ago. Signal groups are one of the crappy things I see in crypto space, they make money for nothing, in fact for deceiving people.
full member
Activity: 618
Merit: 100
BBOD The Best Derivatives Exchange
September 19, 2019, 04:59:34 PM
#27
Cryptocurrency signal groups created by experienced traders are still active. I have joined several Crypto signal groups on Telegram before, most of which are only true when the market is growing, and it is always wrong when a bear market appears. Therefore, I think that I will analyze and calculate to make my own choice.
full member
Activity: 932
Merit: 100
arcs-chain.com
September 19, 2019, 10:26:10 PM
#27
Hi Everyone!

I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!

https://blog.shrimpy.io/blog/the-end-of-crypto-signal-groups

Thanks
The good signal groups are getting smaller, I join some signal channels they give a lot of signals, but they only show off the success signals and the failure signals they never mention. On the other hand, participating in many things makes me confused by different information, I will consider leaving some groups.
sr. member
Activity: 1330
Merit: 326
September 19, 2019, 08:44:46 PM
#26
Indeed a good article. And that's the well truth about crypto signal groups. Subscribers are not really gaining. In fact, they are just losing because the signal they are releasing are not that really accurate. And that makes the traders makes a garbage instead of profits. I am not discouraging everyone here to join such paid signal groups, but if you are capable to read technical analysis, you can take a risk and go on with your own trades.

Trust your own TA. Not all signal groups are relevant.
hero member
Activity: 2002
Merit: 535
September 19, 2019, 04:47:21 PM
#25
I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!
You should have written a summary here rather than just giving out the headline to advertise your blog. The fact is that any signal group will make money only when the market is booming and you do not need to be an expert if you predict any price when the price is about to move higher and then claim that you predicted that later down the line  Tongue. No one really cares about these signal groups but new people coming into the market will always fall for these traps. With the market yet to explode in the coming years, i am expecting another explosion of signal groups popping up Grin.
legendary
Activity: 1834
Merit: 1036
September 19, 2019, 04:08:10 PM
#24
There is a demand for this signal groups and they are coming from those newbies who don't like to learn how to trade using TA. What this newbies dont know is that this signal groups is just operated by a few people. You will notice that they will promote another group who also claims that they announced a good signal that earned 300% in the past 48 hours. Instead of paying for a monthly fee for this signal groups, I would rather spend it in joining seminars or webminars teaching how to read those graphs and candle sticks.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
September 19, 2019, 02:17:18 PM
#23
I really don't think signal groups are going away anytime soon either. There's a ton of lazy people out there that just don't want to do any significant amount of work trading for money out there, and paid groups appeal to those people because they think they're getting 'reputable' signals because they're paying someone else to do the work for them. It'd be great if they were to die out, but I'm still seeing signal groups popping up every single day and it doesn't seem like they're starting to die out yet.
legendary
Activity: 1526
Merit: 1179
September 19, 2019, 02:09:10 PM
#22
Maybe only naive and unexperienced users really thought that such groups might help them, everyone else new this was rubbish.
Signals usually appeal to those who tried trading but sucked at it, and that after many attempts. If we keep in mind that ~90% of all traders lose (regardless of what they trade), it's not really a surprise some of them revert to signals.

Based on the very large forex signal groups (100k and onwards followers) that I have seen in the last couple of years, I have to conclude that the demand for their services is going through the roof, so no, they're definitely not out of business.

If even 10% of them pay every week or month for their subscription, that's a lot of money they generate, and that just by releasing a few signals on a daily basis. What a life they must have scooping up money that easily.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
September 19, 2019, 01:05:38 PM
#21
I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!
The reason why they went out of business was mainly due to not having a decentralized version of doing it. I remember one telegram group for pump and dumps that literally picked which coin will be pumped and dumped by just the last digit of a litecoin chain and that was actually not a bad idea, nobody would be able to get in early and everyone had equal chances. Now pump and dump is not similar to signal groups I know but there was similar reasons why they got burned out as well.

Signal groups were the same, some people got it early and bought, others got in too late and burned out, which resulted with only few people making a profit and most of the people losing money. Also most of the calculations were based on charts and we all know charts were not a good indicator most of the time.

Signal groups were not useful at all. And those users who earned profit made it by chance, not because of these groups. Maybe only naive and unexperienced users really thought that such groups might help them, everyone else new this was rubbish.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
September 19, 2019, 12:29:22 PM
#20
I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!
The reason why they went out of business was mainly due to not having a decentralized version of doing it. I remember one telegram group for pump and dumps that literally picked which coin will be pumped and dumped by just the last digit of a litecoin chain and that was actually not a bad idea, nobody would be able to get in early and everyone had equal chances. Now pump and dump is not similar to signal groups I know but there was similar reasons why they got burned out as well.

Signal groups were the same, some people got it early and bought, others got in too late and burned out, which resulted with only few people making a profit and most of the people losing money. Also most of the calculations were based on charts and we all know charts were not a good indicator most of the time.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
September 19, 2019, 12:28:40 PM
#19
~
.. Until she discovers those shit groups on Telegram and despite I warned her she continued.
Guess the next: with the time, she lost almost everything by buying some random shitcoins, pumped by stupid channels on TL and dumped the next day

Sorry to hear that  Cry
They should be called newbie scamming groups, would be far more accurate.

But I find the article pretty weird, after all:
Signal groups in a way, function similarly to pump and dump groups.

They's don't just function similarly, it's the same thing, but Signaling sounds better than Pump&Dump, just as ICO and IEO sound better than "Buy a Shitcoin".

legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
September 19, 2019, 12:02:47 PM
#18
Signal groups in a way, function similarly to pump and dump groups. And at the top of the pecking order is the creators of those groups. They point the direction their followers should trade in and have a head start to take position and profit from the trades. It's never a good suggestion to follow the trading advice of someone else, especially if you plan on being a long-term trader.
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
September 19, 2019, 11:12:30 AM
#17
The signal groups are gradually going off because people are beginning to be more knowledgeable that they have to labour for themselves, believe in their strategy and see it through. This is the truth about it all, mature mind is beginning to develop.
hero member
Activity: 2730
Merit: 632
September 19, 2019, 11:53:06 AM
#17
Hi Everyone!

I just published an article about how it will soon be the end of crypto signal groups. Check it out and let me know what you think!

https://blog.shrimpy.io/blog/the-end-of-crypto-signal-groups

Thanks
I thought they are already long time dead? Smiley I havent read out the article yet but maybe later on.I would give out my insights about these crypto signal groups.
Never ever with my trading career or path do consider out on joining these crypto signal groups specially to those premium ones that do require out some fees for you
be able to join up excluding on some circumstances when i do see some free ones- im aint interested but i do join those free for the sake of checking out their analysis
verifying and do make some study if it can be applied or not with my own analysis too.Sometimes it do collaborated with my interest but most of the time those are just
fantasy kind of predictions or basis.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
September 19, 2019, 11:10:53 AM
#16
Ehh. These "social trading" stuff whereas you can follow the portfolios of other people has been around for a while already, through services like eToro. I doubt this will "end" crypto signal groups, probably just lessen the interest in them, especially if these social trading platforms are paid. Unfortunately, these "trading signal" groups, both legitimate and illegitimate, will exist as long as people trade bitcoin and cryptocurrencies.
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
September 19, 2019, 10:59:30 AM
#15
I found out that in a telegram, many crypto signal groups available but we don't know which groups could give the right signal.

The reality is that these "many" groups aren't that many at all, but just the same entities cycling through groups because their signals could be profitable one day, and completely unprofitable the other day. People leave the unprofitable groups to go with the profitable ones, but they are operated by the same people, so they aren't losing out at all.

I'm not really against signal groups because they aren't doing anything shady as long as they don't promise you guaranteed profits. It's up to the people themselves to make the decision to actually pay for their services or not. I just wish people made a rational decision based on the little understanding that they have of this market, and not just blindly hand them over money in the hope that it yields a monetary gain.

2 years back I introduced Bitcoin to a ~50 years old lady and also sold her some bitcoins to start with (4 digit numbers). In the earlier days, she was truly using bitcoin as a payment mean...
.. Until she discovers those shit groups on Telegram and despite I warned her she continued.

Guess the next: with the time, she lost almost everything by buying some random shitcoins, pumped by stupid channels on TL and dumped the next day
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