Copy Trading is a social network that works as a bridge between experts and cryptocurrency enthusiasts who venture for the first time to invest in these digital assets. Learn about their strategy to recruit more crypto lovers
One of the main reasons why cryptocurrency investments are discouraged is the excess of information available on the web. Faced with this scenario, the digital asset exchange Bitget created Copy Trading, a social network with a clear mission: to form an army of crypto lovers, where more than 75 thousand expert traders can help enthusiasts and beginners not to lose their capital.
Mario Iemma, operation manager for Latin America and Spain at Bitget, explains in an interview that Copy Trading was consolidated as the first tool that offered this type of service in the crypto market. Being a pioneer, since 2018, it has undergone a lot of changes depending on the needs of its audience in Latin America.
“As that usability has gone up in the Latin market investors. We are in search of constant feedback to improve this communication tool between professional traders and those who are just starting their route,” he says.
Managing time and money is the secret behind Copy Trading’s success
Copy Trading is just the beginning of a project that Bitget generated with the aim of educating the community interested in the crypto market. Thanks to that tool, people can learn technical and specific information that will help them not to lose their savings. However, the company wanted to go further by creating Bitget Insights.
“Bitget Insights is like Twitter. In it, novice investors can find less specialized information that comes from the same professionals and experts found in Copy Trading,” he explains.
Both tools create an ecosystem with which crypto-lovers can easily understand the precise tricks to be successful in a battle in which many have lost their fortune: betting on cryptocurrencies.
The director of the exchange calls this risk management, although by using his social network, those interested in diving into the crypto market will also be able to save time, an equally precious commodity.
Lemma recalls that one of the first thoughts that crossed his mind after learning about Copy Trading was that he could finally save time while investing money safely.
“Obviously I always worked in the exchange, but with my occupations, I couldn’t have that time that a trader enjoys. You know, that routine of watching the markets, watching the news, and taking functions through that. That’s what a trader does, although not everyone follows the same routine,” he adds.
Not all is rosy, Bitget’s social network still has challenges to overcome
Yes, Copy Trading is a tool that provides its users with information at the right time so that they do not lose their capital. However, the information generated in the crypto market every second is new, so many novice investors fail to analyze the details and its use becomes risky.
“Educating the user is one of the main challenges we have faced. It is true that Copy Trading is a solution that provides information very easily, but investing in the market is still risky,” says the specialist.
Despite the fact that this social network for crypto-lovers aims to facilitate and structure the information in a single medium, the work of its users does not stop when investing, as they must continue to research the market’s ups and downs on a daily basis.
In addition, the constant transformation of Copy Trading to make it an increasingly user-friendly platform has been the second challenge his company has had to face. That’s the main reason Bitget Insights was born.
“You can follow any investor through a post – imagine that! You can know the trading strategy of different experts as if you were following them on Facebook or Twitter.”
What does it hold for the future?
The Copy Trading tool arises from a trend called Social Trading in which a community unites to grow together through social gathering. This practice is so beneficial that Mario Iemma expects it to continue to grow in order to benefit the crypto community.
With this development, the operation manager of Bitget Latin America and Spain hopes that Bitget will continue to provide its users with new interfaces or tools that are increasingly useful and easy to use.
“This tool was undoubtedly created to allow people to access a complex world that they want to make a profit from without having to take risks, thanks to the dissemination of easy-to-digest information in the same channel”.
Conclusion
Copy Trading is a social network that aims to build a community of cryptocurrency enthusiasts who engage in the practice of copying trades made by successful traders.
It provides a platform for individuals to follow and replicate the trading strategies of experienced traders, allowing them to potentially profit from the cryptocurrency market without requiring in-depth knowledge or expertise.
This concept of copy trading leverages the power of social networks, allowing users to connect, share insights, and benefit from the collective wisdom of the community.
By leveraging the power of social networking, Copy Trading aims to democratize cryptocurrency trading and make it accessible to a wider audience.
It removes barriers for beginners and those without extensive trading knowledge, enabling them to participate in the cryptocurrency market with relative ease.
The platform provides transparency, allowing users to view the trading history and performance of top traders, and make informed decisions about whom to follow and replicate.
The Copy Trading platform holds the potential to benefit both experienced traders and newcomers to the cryptocurrency market.
Experienced traders can gain recognition, followers, and potentially earn additional income through the platform’s incentives.
Novice traders, on the other hand, can benefit from the knowledge and strategies of successful traders, improving their chances of making profitable trades.
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