and the worst part is this could be considered as a pyramid scheme the last one to buy would surely suffer.
It can only be assumed to be a pyramid if signal only comes for unestablished coin or I wouldn't buy a coin that is not decentralized and popular too.
yeah you right about that but for me i use the trading signal not for every given signal
so after they given signal in the channel i usually try to do my own research, so after i think that the signal is good enough then i bought and hodl for half day or 1 day
I also don't see something wrong with using signal from a telegram group or other group if you do your research and verification as you said.
Trading signals are used everywhere. Forex traders use them all the time, why cannot cryptocurrencies traders do it as well? However, you must understand that the final decision is taken only by you.