Bitcoin Forum

Hi, guys

I am preparing service that introduce pro-traders to normal investor struggling to get profit from trading.
I think the major issues the normal investor worry about delegating their asset to the pro-traders is three points below;
Could you take a look at the points?

First, the normal investor is afraid of getting away with the money that they transferred to pro-traders.
Second, the normal investor couldn’t trust the whole trading record that pro-trader show to them. The normal suspects there could be some of the manipulations on the record.
Third, the normal investor should do a complicated process to avoid the major issues previously mentioned like negotiating a contract with the pro-trader, contact the pro-trader to verify the material that the pro-trader mailed.

If there are interests in this idea, feel free to reply to this.

Thanks.

First, I don't see the point of having a pro trader if you're already a normal investor. When we say normal investors, these are the people like us who just chilling and holding with the crypto that we've bought and we can also trade on our own.
Second, it's because they could be scammed. Does this mean that the investor will send actually an amount to the pro traders for them to play with their money?
Third, if this is all about trading, it's really pointless that an investor who's with the market already will contact a protrader to trade for them.

Such platform/service already exists. The points you're pretty much describing is what eToro already solved through their copy-trading platform. You can see the past performance of the copy-traders, and you can allocate a lower amount.

I'm personally not a fan of this copy trading service, but yea: https://www.etoro.com/copytrader/

Hi tabas and mk4. Thank you for replying my question.

I am answering the second point that Tabas questioned. I mean the investor who want pro-trader to trade their own asset instead of them better. But the investor hesitate to send the money to pro-trader because of spoliation.

As far as I know, that particular idea of creating such platform exist not only in etoro but also from other hedging platform like crypto stoic[1]. Some of my colleagues actually invested in that platform and it seems that that their initial funding have deviated after years of investing and letting pro-traders trade their hard earned money. I think the money is in your Binance Account that is connected via API to allow them in managing your funded account.

Of course, an annual fee of 5% is needed to compensate for their services. I am not affiliated with them nor one of their investors, it's just one of the investment of one of my acquaintance in crypto. They also have a telegram channel for questions and discussions[2].

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[1] https://cryptostoic.com/#rec287427701
[2] https://t.me/stoicfam

One of the major reasons newbie traders feel skeptical about the use of pro traders (hedging service provider) is the record of scams in the entire cryptocurrency. They don’t feel secure sending their fund to anonymous platforms, so as a normal trader they prefer to trade themselves, to have total control over they crypto assets.

I think most newbie traders are scared of such services is because they EXPECT guaranteed profit. It's like they expect that pros would always, ALWAYS earn money, and big ones to boot. Then they saw said services, try them out, reveal that they're bad, and that basically spreads to every other newbie trader, that services like that are fake and they don't give you guaranteed profit. Potential Investors aren't afraid of spending money imo, they're just afraid of spending money on nothing since it is their first time investing.

Let them do copy trading I suppose, like what mk4 said. It's still technically them doing the stuff, so i guess if they experience a loss they'd realize that trading isn't all profits and gains.

Its just another version of saying copy trading which is almost exist in all kind of trading platforms from stocks to cryptocurrencies and you no need to trust them, you can simply look their history by yourself and implement their strategies to execute your trades.

If the regular investor had learned to invest and trade for a bit on exchanges, he could learn gradually to becoming a good trader. The technology had catchup already and we don't need to hand over the funds we have to access the market since we all can have an account for trading. What sort of assurance do the pro-traders guarantee for returns?

For instance, they lose it all, my money gone. What could I do when that happens?

One of the biggest thing that I don't like on these kinds of services where you will entrust your money to "pro-traders" is they won't be having any kind of liability when they commit a loss with your money. This is something that is really risky when it comes to entrusting your money to others even if they are pro on the field as there is no guarantee that you will have a profit. Besides that they can be careless with your own money just to test out some new trading strategy or something that is why copy-trading or pooled funds is not my cup of tea.

how important and effective is pro trading when used by normal traders? wouldn't it be compatible with the level of knowledge and risks that would be faced later. for me pro trading does not really matter, although for pro traders it is the best way. but back again to the function and level of intelligence we operate pro trading. don't force it. because many traders who are already pro never use pro trading though.

entrusting money to a stranger is not a good thing. even if it is still a professional trade Is a distant and unknown person, do you imagine that it makes mistakes and as a result the person who gave the money to the trade has losses? What if the trade has financial problems in real life and steals money from people? the solution is that each person learns to trade or invest if the person loves the money they have, then they will endeavor to learn to invest or trade


the problem is that many people find themselves unable to learn trade or invest and end up being dependent on those people who offer this type of service. but dependency becomes a big problem

Also many times normal traders are far profitable than the people called pro- traders but the normal traders decide to be quiet under ground to run solo trade. The pro- traders make money by their fees majorly and not that they are very proficient in their strategy than normal traders. If we give our time to it or a
newbie, we make more understanding and profit from the market. Using trust wallet to hodl our coins can show progress made.

I have an announcement regarding the above
The team that I am in has made this service that is operated in closed beta version.
The concept is what I have talked to you guys.

Thank you.

https://playv.co/

In our today society trust remains the underlying element that stands as a bridge to any long lasting transaction. I feel the normal trader who struggles to make profit should keep trying with the amount he can afford to lose. Even the pro-trader was once a normal trader it was his persistence that developed him into becoming a pro likewise the Norma trader all I will suggest is the normal trader gets a mentor instead who will guide him/her over a period of time until he feels confident enough to operate independently