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Andrey Podolyan: You can make money on cryptocurrencies with a falling market
Forecasts of financial markets are the private opinion of their authors. The current analysis is not a guide to trade. FORKLOG is not responsible for the results of the work that may arise when using trade recommendations from the presented reviews.
The hypothesis of an effective market states that all significant information immediately and fully affects the price of any asset. The young and so far relatively small cryptocurrency market is very volatile and is still too sensitive to the release of a variety of news and actions from wealthy “whales”. Because of this, many tend to believe that in relation to digital currencies, this hypothesis simply does not work, as well as the tools tested in traditional markets.
CEO service Cryptorg.NET and the regular author of FORKLOG Andrei Podolyan decided to share his opinion on this, as well as talk about the possibilities of automated trade in the cryptocurrency market, which both newcomers and experienced traders can be adopted.
FORKLOG: Andrey, hello! You have been cooperating with FORKLOG for a long time, regularly providing an analysis of bitcoin prices. However, as we know, there are many critics of Texanalysis who repeat in the comments that “techanalis on the crypt does not work”. What do you think, these critics are right or not?
Andrey Podolyan: Hi! Firstly, thanks for the trust, I am very pleased to cooperate with FORKLOG. As an ardent adherent of Texanalysis, I believe that everything is inherent in the price, that is, the news is, as it were, a continuation of a certain figure or market situation. This works more in traditional markets and less in cryptocurrencies, since insider information has not yet been prohibited here and manipulations have a much stronger influence. That is why the behavior of the price of bitcoin is sometimes very unpredictable.
Nevertheless, already hundreds of times, the same bitcoin ideally worked out classic figures of technical analysis (especially about 2017), which even beginner traders could easily recognize.
As for critics, many perceive the information superficially, and even if the figure and levels have worked out, they immediately write that it is just luck or even that the forecast was incorrect.
FORKLOG: So the cryptocurrency is different from traditional, such as stock or currency?
Andrey Podolyan: The cryptocurrency market is different from traditional, primarily its capabilities and volatility. Here, even working without “shoulders”, you can achieve crazy profitability. And, as already said above, is characterized by a certain chaos due to insufficient regulation.
FORKLOG: You probably completely “tied” Forex and gave preference to cryptocurrencies?
Andrey Podolyan: No, I continue to trade in a small hedge-like-type hedge and manage my own trading capital. Trade is mainly through the Swiss bank Swissquote, and the total amount is much larger than in the https://gagarin.news/ru/news/ku-coin-will-cooperate-with-investigation-to-freeze-do-kwons-assets/ crypt.
Since everything is automated by 99%, you can look into the trading terminal only once a day – this takes little time and a lot of free time remains. This is partly why I paid close attention to cryptocurrencies, as it became banal boring.
FORKLOG: What for the trader the advantage of crypts over traditional assets?
Andrey Podolyan: The main advantage of this market for a trader is the volatility and crazy growth percentage shown by some coins. In the crypt, it is really possible to put on solid capital, starting literally a few thousand dollars.
FORKLOG: Do you combine trading on the exchange with other investment activities or any other occupation?
Andrey Podolyan: Training in traditional financial markets takes very little time. But crypt trade requires much more attention, analysis of a large amount of information and monitoring various assets.
Also great risks are great. For example, for the arbitration for a long time I used the WEX exchange and, having felt the negativity recently, managed to get everything out. And literally a few days later, the exchange stopped paying funds to customers. I hope everything will form with them.
Otherwise, now I am paying all my free time to my project, which was originally done for myself, but suddenly grew into one of the most successful startups of the CIS, but more on that later.
I also love outdoor activities, hunting, forest, fishing. This greatly distracts from graphs and numbers and allows you to rest.
FORKLOG: You are stably trading “in plus”? Perhaps you had moments of despair before, when I wanted to tie up with trade forever and “go to the factory”?
Andrey Podolyan: Until about 2014, I traded “hands”, making unsystematic entrances, and there were offensive losses, after which I wanted to quit trading. However, the earnings still exceeded losses, and I continued to trade, managing by then considerable amounts.
Over the past few years, my trading has become more or less stable. This happened after I automated my trading systems. On average, in recent years, it is possible to make about 50% per annum.
The psychological factor is important in trading, and you need to try to level the role of emotions. In my trading systems there is no stop on the most successful entrance, the main emphasis on compliance with manifestation and competent exit from the transaction. If I had serious losses (and they had each trader), then the subsequent profit exceeded the size of the losses.
FORKLOG: If it’s not a secret, what the largest amount you were one in the trading? How much then it took time to restore the deposit?
Andrey Podolyan: The largest amount of loss was $ 175,000. It was a non -trade loss. I invested and traded through one popular Broker company from the CIS in 2012-2014, and at one point she went bankrupt at one point, and the founders evaporated, without returning anything to their clients.
It took about a year to return the losses. It was all its own working capital for trading, the new one had to be assembled literally by bit. We formed with several comrades, creating joint capital for trading – about $ 40K. Literally in three summer months, the account was swayed to $ 200k. The profit was divided, and I switched to management only my trade account.
FORKLOG: Tell me a little about the Cryptorg Automated Trade Service.Net. How popular it is?
Andrey Podolyan: As I said, in traditional financial markets my auction is 99% automated. Having arrived in a crypt, I did not see convenient solutions to automate my own trade. As a result, the partner and I together implemented a service that began to use dozens, then hundreds, and then thousands of traders from around the world.
The niche turned out to be really free, and all this grew into a startup of considerable sizes. Subsequently, a strong community gathered around the project, the service continues to develop and grow with new chips. Now 5 exchanges are connected: Binance, Bittrex, Bitfinex, Poloniex, Kucoin.
I would not call the trading through our service passive income: active traders seek the greatest earnings that monitor the dynamics of the market and constantly vary trading couples and tune bots. Service is just a tool that facilitates and automates trading.
FORKLOG: But how all this works in the bear market, when the price of the asset is rapidly falling, and then for many months it is selected to the previous values? The bot works idol?
Andrey Podolyan: Since June, service users can earn in the falling market. We have developed a Short strategy, which was asked by many customers. Moreover, our service is unique and allows the same trading pair to work in Long and Short at the same time. It was really very difficult to implement. However, we succeeded, and we are proud of this. We called this mechanism “eternal engine”, it works perfectly in the flash market.
FORKLOG: You can name the approximate profitability? For example, how much profit for an average month brings one bot that operates $ 1000 in a pair of BTC/USD?
Andrey Podolyan: Personally, I do not grow USDT at all, so it’s hard to say how much the bot brings on this pair. One bot is usually used by users who only get acquainted with the service, receiving a free two -week account after registration. Some dynamics of profitability can be tracked on the fast Start page.
FORKLOG: what minimum capital should a beginner possess in order to repel the “initial” tariff ($ 30 per month), go out into a tangible plus?
Andrey Podolyan: Much depends on the dynamics of the market, most users prefer to grow bitcoin and Ethereum. You can do this only by trading in LONG through altcoins. In April, many received 20-40% profit. Therefore, a deposit of $ 1000 should be enough in the bull market to get a significant plus. However, in January or May, trading in this market in LONG, one could leave at a loss.
We do not have a trust management service – a lot depends on the skill and experience of the trader, who sets up his bots. There are customers who make good money by trading in Long, even in the falling market. They mathematically calculate the range of prices and its rebound. This makes it possible with the help of Martingale and the desired number of safety orders to go out on the rebound prices for Take Profit.
FORKLOG: what are the plans for further development of the project?
Andrey Podolyan: The plans are extensive and, of course, I would like to realize a lot more. Unfortunately, crypto -rhizas are not so stable as the terminals of brokerage companies of traditional financial markets that work as a clock. Frequent malfunctions happen, and we teach bots to overcome the technical problems that do not depend on us as painlessly as possible.
We want to introduce the possibilities of manual and half -handed trading in order to attract a new segment of traders who want to trade from one platform on many exchanges, including part of the trading manually, and part – using bots. At the same time, we will roll out an external API so that users of the platform, developers and various sites can take information from our service, and then use it for their own purposes. These can be various trading signals, copying bots and all kinds of statistical indicators.
Our community is growing rapidly, and we want to bring more benefits and pleasant impressions. Already in August, we will hold the first competition with real cash prizes for users of platforms with active accounts on the Kucoin Exchange. Competitions will most likely be held on a regular basis. And you can participate with only a free test account.
Well, in parallel to the main processes, we are engaged in the release of our own coin, working out different options. Most likely, it will be fork bitcoin. How exactly the coin will be used? This is a secret so far.
FORKLOG: Well, the traditional question is – what will be the Bitcoin course by the end of the year?
Andrey Podolyan: The 2018 market is clearly calmer than last year, and not so volatile. This is partly due to the fact that more bots began to appear on the market that smooth out market ineffectiveness and prevent the price for growing too rapidly. Also affects the appearance and development of exchanges, allowing to shorten. The traders realized that you can earn not only on growth, but also on the fall and actively use this, shaking the psyche of holders.
At the beginning of the year, I saw a beautiful five -wave of new global growth, unfortunately, she was not destined to be realized, so I think that the price is unlikely to leave above $ 15,000. And we will finish the year in the area of $ 10,000.
The current year can be called the year of flat and automated trading systems. It is with the “sidewall” that the best profits show bots that do not change their decisions and clearly execute the given algorithm.