I seen that you don't need to be a professional trader when you use Copy Trade on Bityard and I decided to give it a try! I planned a 7-days experiment to see how easy is to use Bityard's copy trade tool and how easy is to gain profit. If you are new into cryptocurrencies, you are probably wondering what is "copy-trade" and what is Bityard?
Bityard is one of the top trading platforms, due to the user-friendly interface and one of the fastest engine in the world. The sign in takes 3-4 minutes, completed either using email or a mobile number. The trading experience is enhanced by the availability of top leverage, low trading fees, the easy deposit system and nine available languages. The focus is on derivatives trading, available on mobile, both Android & IOS.
Bityard operates with licenses from four different countries: The USA, Australia, Singapore, and Estonia. Having the Singapore’s ACRA (Accounting and Corporate Regulatory Authority), The American Money Services Businesses (MSBs), Estonia’s MTR (Register of Economic Activity) for the European Union, and the Australian Transaction Reports and Analysis Centre (AUSTRAC), makes Bityard a trustable and professional trading platform.
* This is not financial advice ! Do your own research!
Crypto trading requires time and knowledge, backed up by constant following of the market. Successful traders are spending a huge amount of time to take advantage of market volatility. The Bityard Copy-Trade tool allows beginners to benefit from the experience of professional traders, by mirroring his trades.
I had a look at the top traders and most had a high P/L ratio but not many trading days. I went for experience and chose JackSparrow, with 233 trading days and a 3432.85% profit ratio in the last month. The guy is a pirate and goes from some risky stuff and big profit.
I decided on the trader and I had $21.21 worth of crypto for the experiment. I swapped the Tron ($TRX) in Coin 98 ($C98), then changed all in Tether. When everything was successfully traded in USDT, I had $20.77 ready to be used in Copy Trade.
I didn't go all-in since day 1 and allowed JackSparrow to spend only $10.77. The mirrored trades will keep rolling until will reach a total of $12,000, when trades will no longer be copied. The chances for this to happen are absolutely zero!
Day 1: With 8 Cumulative Margin in USDT I had 0.84 USD profit, a 7.8% growth in a day. If the profit maintains the same rate, this will lead to 2847% APR.
Day 2: I was credited some Dogecoin from the Bityard Wednesday giveaway, and I decided to add all the funds. I had $42.65 added for copy trading and the profit for the second day was 11.84 USD, given by the higher amount used to generate profit.
Day 3: I rounded up the amount to $50, and let good old Jack to do his job. Another excellent day, as the profit went from 11.84 USD to 21.23 USD. Copy trading looked cool, and a good source of earnings.
Day 4: JackSparrow knows stuff, as he added $7 to my wallet. The profit rate keeps growing and I was looking forward for the next day.
Day 5: With 204 Cumulative Margin and $39.66 profit after five days, I was thinking that copying someone is the future of passive income. Someone is doing the hard work and I am earning money... this is the way!
Day 6: Good day of plundering and $44.34 profit rate on Bityard. Ahoy matey ... let's clear the deck and get a bigger treasure chest!
Conclusion
Copy-trading is a great tool and creates new opportunities for people with less knowledge in crypto trading. The experiment showed that money can be earned quickly, and money can be lost at the same accelerate rate. I went from $20 to $64 in few days, and the Copy-Trade tool works perfectly.
Don't forget the #1 rule of trading, play only with money you can afford to lose! The best strategy is to play the long term game, with only $10 committed for copy-trading. This method will reduce the risk big losses and in the long term will add small shares of profit. It's safer than using most of the funds and will still generate a considerable amount of money.
My Bityard copy-trading experiment was good, and surely I will try it again.
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