Interview with Coinmatics founder — Denis Zabauski
Welcome to the Coinmatics Blog! My name is Denis Zabauski, the founder of the Coinmatics cryptocurrency project. Today I would like to introduce my team and share our vision for the product. And I will also take this opportunity to address some of the common questions from our dear users.
The idea for the Coinmatics startup was born out of technology which I’d originally developed for my own internal use. The thing is that I see a huge potential in the crypto industry. It wasn’t until after some time of personal use that I decided to share this product with the world and turn it into a business. This is how the Coinmatics platform was born.
Coinmatics is a platform for those who are love the digital currencies as much as we do. A platform for traders and investors who would like to get the most out of crypto trading. A platform for like-minded people who want to grow together and make money with the help of a modern financial product — copy trading. We bet on reliability, accuracy and full transparency of operations. We want to create a community of like-minded traders and investors who can make money with us.
Today our product has more than 60 thousand registered users from 45 countries.
I believe that it is very important to be in touch with the product’s audience. I like to communicate directly with users, and maybe I have already had a chance to communicate with the person who is reading these lines right now. I have received many questions, and today I would like to share the answers to the most interesting ones with you.
“How can a trader understand that it’s time to go public and register on copy trading platforms?”
I think that if a trader has positive dynamics for half a year and a reasonable risk score, then they can safely create a strategy that represents their trading on the exchange.
First you need to gain credibility among copy traders, i.e. gain an audience: come in with a low price or no subscription price at all. This is the beginning of building a social profile. Then subsequently raise the price to the market price — similar to traders with similar trading performance.
“Why experienced crypto traders sometimes don’t want to connect strategy to copy trading platforms”
Unlike classic markets, the institution of copy trading is not highly developed in the cryptocurrency sphere. Frankly speaking, I rarely find acceptable tools to copy trades. Almost all platforms are based on portfolio matching: you press a button and the service buys the same coin in the same volume as the of the trader has.
That’s why I set out to develop my own product that would be worthy and in demand in the market. I have been in trading for many years, so I understand what users want to see and how to make it possible.
“Is there anything a trader should be afraid of?“
Successful ones have nothing to fear. If a trader has good results, they will gladly consider copy trading as an option for passive income. Moreover, without increasing deposits and risks. A trully profitable trader can earn more from copy trading than on trading itself.
There are traders who put the label “trader” on themselves. I call them “home traders”. They are afraid to go out into the world, because they have no results.
However, there is an exception: sometimes traders do not want to publicize their strategy/trading approach. I also accept their point of view, everyone chooses their own way of making money and it is absolutely fine.
“What is the most important quality of an experienced trader?”
I believe that successful trading rests on 3 pillars:
- Consistency. Without a systematic approach to work you are doomed to fail.
- Emotions control. If you are let your emotions guide your trading, you may regret it very much. One-time profitable trades based on emotions will sooner or later lead to a loss.
- Ability to manage risk. Or, as they say, risk management.
“What is the future of copy trading? Will it become more popular?”
It will. Crypto copy trading is following the same path as copy trading in the classic markets, where it is already gathering audiences of millions of dollars and gaining momentum.
I would consider copy trading as a tool that allows anyone to freely enter the market. I would like to note that profitable long term trading requires several years of hard work.
An experienced trader has a lot of time (and sometimes assets), a lot of hard work, a sea of analysis and hundreds of readings under his belt.
It is copy trading that “blurs the line” and allows beginners with no experience to trade as professional traders. The more participants in cryptocurrency trading, the more incentives for traders to grow. More choice, more competition, better results. The popularity of the cryptocurrency trading institution will directly affect its quality.”
