Quote from: Gladitorcomeback on May 31, 2023, 07:03:41 PM

This thread remembered me one big loss of my friend because of following trading signal channel. If you remember the meme trend in the third quarter of 2021 ,where all meme coins pushed hard. my friends was following one channel who was providing new meme coins. one he posted that he will give signal of very best coin which will give buyer huge profit so buy with all your funds. when he posted, my friends invested with all funds (approximately 40k$). after some time the price rised but he couldn't sell. actually channel admin scammed by giving own contract.

we should be smart whenever following any third party service or signal because sometimes it can lead us to big loss. i don't think as a trader one user should look for other signals. by doing little research we can find the market condition and tokens which can be worthy to buy. the main thing is to buy at right time which we can find by observing several coins for certain period of time.

That is a massive loss, 40k is not a small amount of money even in developed nations, and what is worst of all is that he invested all his money with that scammer, who knows how long it took him to save that money only for everything to be lost so rapidly, so let that be a warning for everyone looking for an easy way to make money on the markets, such a thing does not exist, and even if it existed you can be sure the rich and powerful would have monopolized already if it did.