Why do youtube "Expert Traders" keep asking money for their "premium tips"?

Gaaara

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Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

True, but you have to consider the fact that the market does not always favor income, and same as the others timing is essential if the market is in a bad proposition then not earning some is better than losing some if the market fails having a different option is necessary for people who wants to keep earning even if the market is not doing well.

rapsa2018

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Lot of traders have their own expectation and prediction so I think they are all selling their own ideas so earn money from peoples have no point in trading to gain some profit.

pundit

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Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

Its very simple this is not greed but they are just lying about their strategy. They might have earned a good amount for a specific period but they are not able to tackle every market situation. By showing their profitable statement they are just trying to lure people. By selling their signals for money they are always in win win situation, first of all such people are charging for giving you trading signals, secondly they are playing with your money. If trade goes into profit they will make confirmed subscription for next period and if trades goes into loss, its your money that is lost,they have already charged for their services from you.

Polar91

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Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

It's up to you if you will believe them or not. It's good to know that you doubt on that as it's somehow a fraud for them to make more money. But on their side, they are doing that for mentorship; usually they share their techniques they are using which they can't open to all people. If you're determined enough, I swear you don't need that. Learning in trading is actually free, we just need to search a lot.

btc_angela

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Quote from: creeps on April 22, 2019, 10:44:12 PM

Quote from: ChrisPop on April 22, 2019, 12:13:06 PM

Because they are not actually making money. They have winning trades here and there, but they are losing a lot of the time as well so marketing their so called "products" is another good source of income for them besides their videos monetization.

They make profit in trading for sure, but they've also earned a lot on this kind of business and that's why they keep on asking for the money. I've never get involved myself into this kind of group or on any signal group, because I know its totally useless. Youtube is also a way to make profit, so they keep on doing that kind of trading tips so viewers will come and if they fool enough the viewers, membership fee will come to them. Expert traders will always tell how much they make money but never share their losses, just to impress everyone so don't believe easily.

Same here, to be honest, I was tempted before to join this so called pump and dump group. However, I realised why as these people offering this service when they can make a lot of money just by trading amongst themselves? And I realised that they are just to scam people, unsuspecting victims who are willing to get suckered by this scammers.

creeps

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Quote from: ChrisPop on April 22, 2019, 12:13:06 PM

Because they are not actually making money. They have winning trades here and there, but they are losing a lot of the time as well so marketing their so called "products" is another good source of income for them besides their videos monetization.

They make profit in trading for sure, but they've also earned a lot on this kind of business and that's why they keep on asking for the money. I've never get involved myself into this kind of group or on any signal group, because I know its totally useless. Youtube is also a way to make profit, so they keep on doing that kind of trading tips so viewers will come and if they fool enough the viewers, membership fee will come to them. Expert traders will always tell how much they make money but never share their losses, just to impress everyone so don't believe easily.

xvids

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Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

Why would you even pay for it if you could learn to trade for your own?
You should Learn then earn from your own skills and knowledge .
Don't rely too much on the TA and Pro traders tips do your own research and make your own profit.

senne

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Exactly!
If they trust their advice this much. They should have been doing it themselves then making paid channels. People are quite gullible. Human nature is full of greed. So, yeah by showing a few fake/real trades, they try to lure you and make money over it. A simple business logic based on human greed. I have been the victim of this. First you lose money by paying the fee and then you lose money by investing in wrong signals..

danherbias07

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Good question.

Why are they not doing it themselves?
No capital is not a good reason. If they are sure with what they predicted and their strategy then it will be at higher accuracy.
But the truth is, it is not.
They were all just basics of how to trade and read a candlestick. Better to just learn it yourself while also trading for a little money for starters.

ChrisPop

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Because they are not actually making money. They have winning trades here and there, but they are losing a lot of the time as well so marketing their so called "products" is another good source of income for them besides their videos monetization.

Bitcoin_Arena

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Quote from: ?? on ??

I've been looking for a good exchange and it is the i'm glad to find one which is a good trading platform that helps newbies to trade well and that is the darb exchange , this exchange is also good in converting crypto into fiat and it will never fail your expectation when it comes to security because they can protect all of your assets that's why you can be comfortable since your assets is in a safe and secured place. Well it was really hard to know unless someone have tried it just be careful and look for some comments or thoughts about it to make sure that it is worth it because it is hard to trust nowadays because we don't know if their intention is good or bad.

Now how is this related to the topic we are discussing here?
Trying to promote and exchange with a referral link on your posts?
By the way it's against the forum rules and you should stop the act as soon as possible

Shenzou

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Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

Well it is as they say, if you are good at something never do it for free, well obviously these so called experts are only experts at lying and scamming people, not only they are lying about knowing what will happen in the market and the prediction that they claim about the market, but they lie about what they put in these courses, if they actually knew anything about the market they would keep it to themselves and the would be making millions.

Zadicar

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Quote from: Omega Weapon on April 21, 2019, 12:19:18 PM

Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

They are lying, it is as simple as that, someone that is making a lot of money in the markets can only have two attitudes towards giving his knowledge away, in one case they will not give up their knowledge for any price, we cannot blame traders with that attitude since their knowledge probably made them millionaires, and the other attitude is to give away their knowledge for free since they do not need the money.

Those so-called expert traders might really be profitable and by extending out their profit making they tend to share out their trades by some sort of fee into the public
but actually these arent really ideal to be followed upon yet if they are indeed profitable no one would bother himself to share up because subscription fee wont really be that big
for him to bother out on handling people.

Omega Weapon

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Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

They are lying, it is as simple as that, someone that is making a lot of money in the markets can only have two attitudes towards giving his knowledge away, in one case they will not give up their knowledge for any price, we cannot blame traders with that attitude since their knowledge probably made them millionaires, and the other attitude is to give away their knowledge for free since they do not need the money.

whirlcoin

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Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

I think they are giving the tips and tricks for everyone so don't be ready to share everything for free I think they will using it for promotion and for making money only it will be correct for them.

Bitcoin_Arena

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Quote from: coinplus on March 28, 2019, 10:27:01 AM

He just didn't want people who constantly bothered him, he sometimes even didn't renew some peoples premium just to keep them away, he wanted a small smart chat for himself and that is it.

Then i bet it would be better to shut up with his strategy If he doesn't want people to bother him. This is not reason enough to charge people. It is greed.

gantez

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For the YouTube guys, I think I can say that maybe they want to cover up some finances that is used to make the video, outside from the expenses made for it, I think no need for high fee, just what is used for the production of the materials.

BlueStackz

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Quote from: milewilda on March 29, 2019, 06:37:43 AM

Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc

If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?

Either both of the things you have mentioned are the only reasons why these traders do sell out their so-called premium tips or trading content.This is why
its total BS if you do consider yourself to purchase nor subscribe these things yet you can able to make it on your own.Tools and other trading learning guidelines is already
on the net and theres no need for you to spend even more for these things which you can eventually obtain or learn.

Well, lack of knowledge is what makes a lot of people fall victim of these, although his action is not a criminal case, he is only simply trying to make money from what he felt he knows and would be in demand by novice but I believe he is not enforcing any of these on the viewers, most viewers that find problem with it should also go and learn the way he learnt and see if it will be an easy task for them to carry out.

They also need to learn to do it on their own which I am sure some of them too will also sell out when they have the opportunity to do so. So let them sell their premium tip for those who will choose to have it.

Lanatsa

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Quote from: Slow death on March 29, 2019, 04:47:44 PM

Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

or they are simply lying about making money from their strategies?

you may already have reached the same conclusion as I will say, but in case you have not arrived at the same conclusion that I will say I will say what I think of it all:

These guys are very liars, they do not make a lot of money as they say, think: if you had to earn a lot of money, you would still have your youtube channel and sell your tips or you would enjoy your vacations and you would be preserving yourself that no one knew that you made a lot of money? People who make a lot of money, care about their own security, and avoid exposing themselves to social networks

On point thats why we can really say that even if they are making some money but it wont really be sufficient enough for them to be called rich or financially
free thats why they do tend out to sell their tips for them to make even more money out of those noobs who do believe on such signals.They rip off specially to those
who are just starting to trade or even the older ones depending on how they do market their tips effectively.

Slow death

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Quote from: Bitcoin_Arena on March 25, 2019, 06:43:02 PM

or they are simply lying about making money from their strategies?

you may already have reached the same conclusion as I will say, but in case you have not arrived at the same conclusion that I will say I will say what I think of it all:

These guys are very liars, they do not make a lot of money as they say, think: if you had to earn a lot of money, you would still have your youtube channel and sell your tips or you would enjoy your vacations and you would be preserving yourself that no one knew that you made a lot of money? People who make a lot of money, care about their own security, and avoid exposing themselves to social networks

Topic: Why do youtube "Expert Traders" keep asking money for their "premium tips"? (Read 490 times)