How is Billium transforming copy trading? An interview with Ilia Angelov, CEO of Billium | bitcoinist.com
Billium is one of the crypto exchanges that has recently disrupted the crypto trading space with its unique copy trading system that has attracted the interest of thousands of users in recent months.
To learn more about their mission and developments, we caught up with Ilia Angelov, CEO of Billium, and asked her a few questions.
Q: Can you tell us about your background?
A: I am a 36 year old professional trader with about 20 years of stock trading. From a very young age, I have always had the ambition to manage and interpret risks. So, trading stocks while growing up was a natural progression for me. My relationship with the market has a long and complicated history; I courted failures and dodged losses many times before resounding success. Trying to make an impact on the world, I used my financial expertise and background to start a great telegram channel teaching people how to trade. This would form an exotic flavor that underpins my motivation to use an unorthodox approach to trading. My existence demonstrates the value of an interactive approach to the financial market and my talent for finding and implementing revolutionary ideas.
Q: Please enlighten us on how you discovered crypto?
A: Just growing my telegram channel and business journey to breakthrough is a feat of ingenuity and endurance. In the beginning, I didn’t need to diversify. I have a thriving community of traders who do fantastic work for the benefit of humanity. I was opposed to the possibility of trading cryptos. This made me a strong crypto-skeptic in its early years. I objected and criticized him. Like many market veterans, “How can this be an asset if it’s not backed by anything,” I thought to myself. Unlike stocks, there is nothing behind cryptocurrency. “It’s a scam,” I concluded. As fear and doubt turned to excitement and fascination, my followers kept encouraging me to learn more about crypto. About a year and a half ago, I developed a fascination with cryptocurrency, finding it more intellectually and economically stimulating than stocks. Luckily for me, I got into cryptocurrency at a terrible and perfect time. I joined at a time when speculators were leaving the industry for builders, real, genuine builders with a passion for technology. (Laughter) We are ready to endure this pain and see what comes out of this volatile market.
Q: Tell us about Billium and what the Billium team is trying to achieve?
A: My interest in cryptocurrency eventually became an obsession when I realized the opportunities of trading and exchanging parts of cryptocurrency. While I enjoy the current crypto exchange and trading platforms, I also think there is room for improvement. The more I read about the market, the more my trading instincts go into overdrive. I saw a system with many growth characteristics – be it in its vague and complex onboarding process, inadequate crypto education to support newbies, and weak incentives to motivate successful traders. After moments of consideration, I adopted the main idea behind Billium from stockbrokers. I’m from Russia, where auto-tracking is quite a popular strategy among brokers. Typically, this allows new traders to connect with an experienced investor, and all their trades will be replicated to your account. This is lacking in today’s market, and you’ll agree with me that others spotted this inefficiency but turned a blind eye. With hands-on experience, the Billium team created a crypto exchange platform with crypto trading as its main feature.
Q: How and why do you think Billium is different?
A: As I said, copy trading is not new to cryptocurrency, but it is still complex for ordinary users to navigate, especially if they are new to it. Billium is built on a triple purpose; safety, performance and community. Security is the pillar of our offers. We want to protect our customers’ assets and keep them safe. We have designed a platform that will earn their trust. I think this is most important in today’s crypto world. Another thing that differentiates us from other players is performance. We have introduced a catalog of offers that will help even an ordinary trader on the street. Among these are a highly sophisticated API for trading robots and advanced algorithms, high frequency trading and scalping techniques and reliable order execution. In the future, we plan to release our native token, $BILT, and acquire a European license. Of course, people may say that security and performance cannot co-exist, but both are our top priorities at Billium. Another important consideration is our growing and thriving community. It’s crazy! We’ve created a community with common values and goals that align, with our team members and advisors spanning different geographies and backgrounds.
Q: What do you think of the future of trading and copy trading in particular?
A: In the next two years, virtually everything in the world will be symbolized. This opens up a trading opportunity, which is why we are building Billium. Given reports that around 90% of traders lose money in the market, copy trading is starting to be the trader’s alternative to successful trading. With all the volatility in the market, it’s worth mentioning that automation is increasingly behaving in a more mature way. I think investors will embrace the stock market’s auto-following mechanisms to trade cryptos. Automation and copy trading are attractive because they allow traders and investors to copy the winning strategies of successful traders while mitigating risk and loss. This auto-trading capability amplifies the innate purpose of cryptocurrency – to create financial freedom regardless of people’s background and race – and will help professional traders limit their digital asset trading to an earnable limit. We’re seeing an explosion of developers and entrepreneurs innovating and creating tools that leverage computing power: you can write code that enables trading like the best traders do. As software eats up the market, automation and copy trading will eat up the crypto world.
Q: How does Billium aim to appeal to mainstream users who are skeptical of cryptocurrencies and blockchain technology?
A: Often people are skeptical because they think that cryptocurrencies are a tool of manipulation where mainly the big players make money and the majority lose money. We need to debunk misconceptions and myths about cryptocurrency locally, regionally and globally. This is what will bring mainstream adoption. It is centered on providing access to financial education, not on creating more millionaires. I am in contact with local players and institutional traders. Crypto education begins and ends with education. That’s why education takes center stage in our mission at Billium. Influencers want everything to stay centralized, but mass adoption will happen when people are equipped and exposed to the limitless opportunities of cryptocurrency. People don’t understand projects. They don’t know anything about technical analysis, so their experience or that of their friend is often unsuccessful. We offer them not to understand but to trust professionals.
Q: What do you think are the benefits of automating the trading process? Do you see any use cases that haven’t been tested?
A: Today we see a trend towards automation of all routine processes; it is the same in commerce. Algorithms work better than humans because they are devoid of emotions. In the future, neural networks will trade, not people. When people can trade and execute specific rules through a programmable command, diversification will grow. It allows traders to spread risk across different instruments while creating a hedge against losses. Within milliseconds, computers can execute and monitor trading opportunities in different markets. This reduces emotions and ensures traders have time to stick to their plans.
Q: As an experienced financial expert, what effective risk mitigation strategies would you recommend for automated trading?
A: People talk about minimizing risk but only focus on stop-loss and take-profit. In the real world of crypto, it doesn’t work that way. The first thing is to plan your trades. This is an essential but overlooked effective risk mitigation strategy because it allows traders to make more money from their trades. Planning your trade will also make it easier to calculate your expected return. All of these sets are essential mitigation strategies by top traders.
Q: How does Billium aim to remain a major player in the highly competitive market and maintain its share of leadership in the copy trading niche?
A: It is difficult for a startup to compete with large companies that have been in the market for many years, so we try to focus on a high level of service for our community. Despite their presence in the market, I believe we can improve the ecosystem, and that’s where Billium comes in. Our range of services will help unlock the full potential of crypto and its use cases. This exciting promise began to take shape as we became an essential primitive with strong media traction, attracting capable talent. I am impressed by our technical capabilities, our conviction and the team’s capacity for innovation.
Q: It was an amazing time with you, Ilia. What is your conclusion regarding Crypto exchange, copying and social trading?
A: I believe the future belongs to copy trading and automated trading.
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