🍌 How scammers sell “signals”

⚫️ One type of fraud in the crypto world involves the sale of so-called “insider information.” Today, in our #antiscam column, we’re breaking it down.

⚫️ You might come across an ad for a “Telegram channel full of useful signals.” This ad might be a video where someone receives a message predicting where the market will go, opens a corresponding position — and confidently ends up in profit. It looks like a dream: how often have you looked at a chart and wished you knew exactly what would happen next?

⚫️ These ads may claim: “We provide this information for free!” Clicking on the link usually leads to a free Telegram channel — but you’ll soon be told that there’s also a VIP channel with a paid subscription, where the real valuable information is shared…

⚫️ The people behind this might claim they “know everything in advance,” but also hedge by saying “the market is complicated, anything can happen.” Here’s what that means for you: if you pay for access to the signals and make a profit, you’ll think, “Wow, they really do know something.” But if you lose money, they can always say, “Well, this time didn’t work out — it happens.” It’s a no-lose situation (for the scammers): they can just say whatever they want!

⚫️ This creates a tricky problem: we’re saying that this is how scammers usually operate — but how do you prove they don’t have insider information? What if they really do know something? How do you disprove it?

⚫️ Well, let’s think about this. Imagine someone actually had information that reliably lets them profit from market moves. Here’s the question: why would they need you? With that kind of knowledge, they could easily get rich on their own — no need to mess around with Telegram channels.

💡 The obvious conclusion: their real source of income isn’t secret knowledge of market movements — it’s naive people willing to pay for access to this nonexistent “secret knowledge.” We recommend you don’t become one of them.

@thedailyton