Am i the only one who's see a sudden surge in paid group and referral shills??
I dont know about you, but for me they make me cringe, especially the referrals. I mean come on, if youre such a good trader like you make out to be then why do you need commission from other people? Are they in reality shit traders or is it just pure greed and they are preying on people who dont know any different? I know the way of the world is pretty much the rich get richer from the poorer but i thought crypto was a stand against this way of thinking? If that's the case then why are these people then fitting into this old same way of thinking by making money off other people and doing nothing to earn it. Yes some do offer good content alongside their shills but for me thats just distracting from the fact they are just trying to make free money off your back.
Also paid groups. Now i know not everyone can assess markets and set ups well and im one of them, but to blindly throw money to someone online who you have never met in the hope they will tell you when to buy and sell is just mad in my eyes and asking to get rekt. And not to mention lazy. The majority of what ive seen charge around $100 a month but ive seen some upwards of $3000. Thats just unreal! I mean id want 100% proven track record shown to me to even think about considering something like that but people do pay it. No one has a 100% profit record but these losses are always brushed over and not publicised. When btc done a u-turn a few days ago i had seen leaders of some paid groups publicly, on twitter and in their free telegram groups, calling for btc to go lower, then when it switched directions they were online saying they knew this was going to happen and that everyone in their paid group had benefited. To me thats either blatant lying or, if true, bad advertising for the paid group as they were previously seen to be the opposite before hand.
Perhaps I'm totally missing the point of both issues but Basically all im saying is to anyone new to trading thats reading this, just be careful to who youre willing to send money to in the hope of gains. They might paint a great picture but behind the scenes it wont be as good as it seems because if you do youre homework the signs are there.
Let me know what you think on this subject and if you like what you read then dont forget to upvote.
Trade safe.