The cryptocurrency industry has exploded over the last year, ever since the price crash in March 2021, caused by COVID-19. But, as the recovery started, the prices skyrocketed, eventually leading to a massive, industry-wide bull run that is still ongoing.
This price surge attracted countless new traders and investors from all over the world. But, due to their lack of experience, they are forced to rely on third parties that will provide signals, knowledge, and insight that these new traders need in order to make profitable moves. This is where BackStreet Bets comes in, although not in a way you would expect.
What is Backstreet Bets?
Backstreet Bets promotes itself as a website consisting of a group of crypto and stock analysts who provide the necessary knowledge, insights, and signals that can help inexperienced crypto traders make a profit.
The website has a diverse portfolio that is constantly expanding and growing, and it claims that it provides its services as an extension of its own position in the market. Basically, it claims to be using its own information, as well as distributing it among its members. However, in reality, things are not exactly as they seem.
Is Backstreet Bets a scam?
Unfortunately, this does appear to be the case. Based on research and analysis of the data that Backstreet Bets is providing, their signals are actually quite terrible, and nothing short of fake. They are making 1000s of pips every day when the results end up being all negative, which is not benefiting anyone but the owners of the site.
In a way, they manipulate the market by providing flawed information and use the resulting changes in prices for their own benefit. They are not alone in doing this, of course, as there were many others who did the same in the past, and even now. But, that doesn’t change the fact that Backstreet Bets is not a reliable site for getting the trading signals at all. In fact, it is one of the worst ones that you can use.
If you want a truly reliable site for getting the proper signals, there are numerous alternatives out there.
Real Crypto Signals Providers
If you are looking for a legitimate and reliable crypto signals provider, look no further than Cryptosignals.org. This is a project that consists of highly-trained traders that have been in the crypto market for about seven years now, since 2014. As time went by, they became more and more experienced in trading and reading the market, and they started connecting with other like-minded individuals.
Eventually, they created a Telegram community to help others by allowing them to learn from the experts. All signals are now delivered via the Telegram app in real-time, so traders who decide to join up will not miss any opportunity.
Cryptosignal’s team does what it does by scanning the market around the clock while searching for opportunities. In doing so, it eliminates the need for their fans and followers to do the same, as experts would recognize emerging opportunities easier and with more accuracy, anyway. They use a combo of in-depth technical analysis, fundamental research, and AI algorithms, so they are covered on all bases.
If experts miss something, the AI will definitely pick it up, and if AI cannot form conclusions, experienced traders are there to back it up. So far, this system has served rather well, and it made Cryptosignals.org one of the leaders in this type of work.
Next up, we have Learn2Trade, which actually started out as a forex signal provider. However, it quickly expanded to include the cryptocurrency industry, as it considers it to be a currency, after all.
The website is extremely thorough about its crypto offering, allowing users to receive crypto signals, but also granting them access to tons of other materials, such as learning how to trade crypto, in general, as well as learning how to trade Bitcoin, specifically. On top of that, they offer a regularly updated list of the best free crypto signals Telegram groups, a list of best crypto trading platforms, and guides on how to trade BTC and various other coins, how to buy them, how to mine, and more.
The project’s signals are completely free, and their offer includes up to 10 accurate, profitable signals per day. On top of that, users get easy access to forex and crypto signals alike, as well as daily technical analysis and trading tips, and real-time alerts coming via Telegram.
The project has developed a big and loyal community that currently consists of over 15,000 active traders, which further confirms its legitimacy and trust that traders put into it.
Forex Fury is a service that offers a Forex Fury robot, that offers traders real-time automated results. The robot has an impressive 93% winning track record, and the more developed it gets, the better it serves the community.
According to its website, Forex Fury is the most effective EA on the market, with the robot offering advanced features such as compatibility with NFA, FIFO, MT4 and MT5 Build 600+. It has tested and proven SET files,, with new settings constantly being developed by the project.
It offers ECN support, the ability to trade any pair, indices, or crypto, and it offers a variety of strategies, categorized by the amount of risk they carry (Low, Medium, High). It also offers effective money management services, which can ensure that users would see sustainable growth. It also has special filters that help users avoid bad market conditions.
Lastly, it is very easy to install and use. But, just in case anyone needs it, it comes with full guides and videos that thoroughly cover every aspect of the robot and its features.
Nearing the end of the list, we have 1000PipBuilder, which is another trustworthy and accurate forex signals provider. This service has more than a decade of experience in trading, offering multiple daily signals for all time zones, and allowing traders to trade like professionals simply by following professionals and their advice. It is a great solution for new traders who don’t know how to proceed, but also for those who experienced failure when they tried out trading on their own.
The service can help users learn how trading signals work with easy step-by-step guidance, as well as all other necessary details. The signals will be available to traders regardless of where they are, as long as they have an internet connection, with clear entry prices, stop-loss and take profit.
Users can ask any question they have, and they will receive full help and support in exchange. All in all, anyone can trade like a pro with good enough advice, and 1000PipBuilder offers just that and more.
Last, but certainly not least, we have Coin Signals, which uses a combination of machine learning and artificial intelligence to provide users with the ability to trade automatically by using some of the most advanced trading bots that offer a deep insight into the market, and catch all the signals that it has to offer.
The algorithm is collecting the best Binance BTC signals, as well as Bittrex signals for BTC and USD, the best USDT signals, and it even has technical analysis-based signals for short-term or mid-term trades. All of the signals come from professional traders who know the crypto market inside and out, and the system itself is fast, skilled, and, overall, a state of the art. Its advanced 24/7 AI scans are encompassing multiple exchanges, as well as specific trading pairs on these exchanges.
There is no lack of testimonials that confirm how good and powerful this system is, so if you are in the market for a new signal provider, definitely check Coin Signals out.
Using trading signals is crucial for being a good trader, whether you are a professional or a novice in the crypto industry. Of course, professionals can read these signals themselves, and act on them, while novices require a bit of assistance.
But, it is very important to properly choose where this assistance will come from. BackStreet Bets, for example, is as bad a source as you can find, and it was confirmed as a scam over and over. Its signals are bad and its services are unreliable, which is why it should be avoided at all costs.
If you want a good signal provider for cryptocurrency trading, go for Cryptosignals.org or Learn2Trade, as both of these are established, trustworthy, and accurate providers that can help you make a good trade, if only you let them try. So, don’t waste your funds by listening to bad advice given by bad service. Instead, go straight to the top and use the best there is, and start making profits right away with professional services at your disposal.