Cryptocurrency Brief Backstory
Who would have thought that in 2022, Cryptocurrency will be one of the most talked-about topics in the world? Just barely ten years ago, there were people talking about Bitcoin being a Ponzi scheme but now, it has been able to change people’s lives for the better. Now, there are millions of people that have subscribed to the idea that Cryptocurrency is indeed the future of the financial world, with companies adopting cryptocurrency as a mode of payment for their products and services. Restaurants and other businesses have begun to use Cryptocurrency as part of their business models.
Interestingly, more people are joining the illustrious train of Cryptocurrency that seems it is not going to stop anytime soon. One of the perks of Cryptocurrency that has made the concoct a force to reckon with in financial systems is decentralization. Not one person on the planet controls cryptocurrency, therefore, transactions are faster and safer with easy traceability with the blockchain network.
Where We Are Now
With the immense benefits that Cryptocurrency offers, many people have found solace in being daily traders, investors, and miners. Chances are that you will not be able to recognize a miner if you see one, but for traders and investors, they are the most common set of players in the Cryptocurrency game. Traders are the set of people that stay in the Cryptocurrency market daily, they have sufficient insight as to how the market works and understand the trends in ways the layman will not understand. On the other hand, investors are people that do not have the time to be traders but invest in a particular cryptocurrency based on the insight that they have got from traders.
Furthermore, traders and crypto companies provide insight on social media which is one of the quickest ways to get information on the market across to people. Crypto Signals Telegram Group is a social media platform that offers cryptocurrency enthusiasts the best practical advice that they can use to navigate the treacherous crypto market. These groups are filled with active participants and Crypto giants that have tested and trusted the methods they are using to propose these signals to the participants.
Some of the best Crypto signals groups are ICO Speaks, ICO Listing. Therefore, social media groups have been formed to provide ample information and signals to indicate to investors and fellow traders on the best move to make in the market to yield profit and quite frankly, who does not want to gain a little more profit?
However, many of social media groups are fake and out wrong information or even scam people of their hard-earned money. In this article, we will be looking at five ways through which you can avoid these fake crypto signals telegram groups.
Soliciting for Funds
No genuine crypto signals telegram group will ask you to send the admin money, ETH or any other type of coin. It is not on their agenda. The Telegram group is created to simply give crypto signals to traders and investors alike to make the best out of the daily Crypto market. So, when you see an admin or a participant requests for you to send some money or coin to a wallet, then you should know that the group is a scam.
No Clear Mission
Every Crypto Telegram signals channel will have a clear mission that will plug people into the goal of the group. As much as the group is heard towards providing insights and signals to the trends in the Crypto market, there has to be a mission that welcomes you to the group. For ICO Speaks, once you click on the link which takes you to the group, you can clearly see what the group does, “The best ICO/IEO Reviews, Signals, Airdrops, Blockchain News. Token Sale, Marketing, Consulting.” The same thing goes for ICO listing which shows people what the group is about, this group has its mission as “List your Project and share all the benefits with investors. We will create an Amazing Hype around your Project, and will discuss it.”
Although some crypto signals telegram groups have their mission clearly laid out, one way you can detect them is when what the channel does is contrary to what they have as their mission. So, you need to carefully look at the mission of each crypto signals telegram group that you are looking to join.
No Active Admin
Every reliable crypto signals telegram group will have an active admin that members can talk to and ask questions about the group. With Telegram Groups, you can see the last time a participant was last online. Therefore, if the admin has not been online for a long time, it is one of the signs that the Crypto signals group is fake. You need to check the group to see how active the admin is and how that participant operates in fulfilling the objectives of the group. For the ICO Speaks group, you can see the admin and communicate with him. The presence of the admin is to assuage your fears and ask relevant questions about the credibility of the group.
No Active Members
Cryptocurrency is a growing phenomenon no matter how many people know, there are still more coming to the light. Therefore, a credible crypto signals telegram group will have active members constantly commenting on posts, messages, signals, highs and lows, profit and losses. There has to be tangible evidence that people are using the signals with testimonials from acknowledging the signals that have been dripped on the group.
No Recent Activity
This is one of the most common signs that a telegram crypto signal group is fake, if any telegram group is without any recent activity, it is an indication that it is not reliable. So, it is best that you do not take any crypto signal from there. Plus, if there is no consistency, that is, you see a post one week and another message the following week. There has to be consistency!
Conclusion
There are different credible and reliable crypto signals telegram groups that you can check out, we have identified two, ICO Speaks and ICO listing. You can check out our next blog to see the Best Telegram Crypto telegram groups in 2022. However, it is important that you look out for these signs that we have identified in this article. Plus, do not rush to join any group; conduct your research and ensure that everything checks out. Look at other social media channels that the group has and see the correlation. Cryptocurrency is a volatile phenomenon, therefore you need ample and credible information from only the most trusted in the game, so you do not fall prey to scams.
Source: https://www.coinspeaker.com/crypto-signals-telegram-ways-recognize-fake-real/