Palm Venice Beach / losses incurred due to fake calls given by palm venice beach
I have created this to report all fake trading signals given by Palm Venice beach. The said guy runs a telegram group posing to be someone with great insider knowledge about the cryptocurrency market. He also as a free group that has around 82000 plus members. He poses to give free signals on the free telegram group by the name "Palm Venice Beach"and once you join his free group and read some of the calls given from the past, it would appear as though all the calls he gave have had a pump as soon as his call was given. However, if you take a closer look at the time when the call was given you will be able to understand that he is using the 82K plus subscribers on his free channel to make profits for himself. When you take a closer look at the calls given, the pumps will almost always be a huge jump within a few minutes followed by some noticeable sells post that pump. This is where he sells his coins at a premium at the cost of the subscriber from his free channels. What happens on reality is that he buys before the call is given and then spreads some fake news such as exchange listing, huge investment coming in, partnership announcements etc..believing this the free subscribers FOMO in and help him make his profits. But the free subscribers eventually incur significant losses on most calls. The luckier ones make some profits once in a while. But it is almost always losses if you believe what he is saying and hold on to his calls. Hope this helps save others from incurring losses in future.