How is Billium transforming copy trading? An Interview with Ilia Angelov, CEO of Billium
Billium is one of the cryptocurrency exchanges that has recently disrupted the cryptocurrency trading space with its unique copy trading system, which has attracted the interest of thousands of users in recent months.
To learn more about their mission and growth, we interviewed Billium CEO Ilia Angelov and asked him a few questions.
ask: Can you tell us your background?
A: I’m a 36 year old professional trader with about 20 years of experience trading stocks. From a very early age, I have had the ambition to manage and account for risk. So trading stocks while growing up was a natural progression for me. My relationship with the market has a long and complex history; I have sought failure and avoided losses many times before a breakout hit. In trying how to impact the world, I used my financial expertise and experience to start a large telegram channel to teach people about trading. It develops an exotic flavor that motivates my unorthodox approach to trading. My presence is a testament to the value of an interactive approach to financial markets and my knack for discovering and executing revolutionary ideas.
ask: Please clarify how you discovered cryptocurrencies?
A: Simply expanding my telegram channel and trading journey to breakthrough represents a feat of ingenuity and endurance. At first, I didn’t have to diversify. I have a thriving community of traders doing a fantastic job for the benefit of humanity. I am against the possibility of trading cryptocurrencies. This made me a strong crypto skeptic for the first few years. I object and criticize it. Like many veterans in the market, “how can it be an asset without any support” I told myself. Unlike stocks, there is nothing behind cryptocurrencies. “It’s a scam,” I concluded. As fear and doubt turned into enthusiasm and fascination, my subscribers kept encouraging me to read more about crypto. About a year and a half ago, I took a keen interest in cryptocurrencies and found them to be more intellectual and financially stimulating than stocks. Luckily for me, I got into cryptocurrencies at a terrible and perfect time. When I joined, speculators were leaving the industry in search of real builders, real builders, who were passionate about technology. (laughs) We’re willing to put up with this pain and see what happens in this volatile market
ask: Tell us more about Billium and what the Billium team is working towards?
A: My interest in cryptocurrencies eventually turned into an obsession when I realized the opportunity to trade and exchange parts of it. While I appreciate the current crypto exchanges and trading platforms, I also believe there is room for improvement. The more I learned about the market, the faster my trading instinct became. I’ve seen a system with many growth characteristics – either a vague and complicated onboarding process, insufficient crypto education to support newbies, or low incentives to motivate successful traders. After a moment of reflection, I received the main idea behind Billium from a stockbroker. I’m from Russia and auto-following is quite a popular strategy among brokers. Usually, it allows a new trader to connect with an experienced investor, and all his trades will be copied to your account. This is what the current market lacks, and you would agree with me that others have spotted this inefficiency but turned a blind eye. With practical experience, the Billium team has built a digital currency trading platform featuring digital currency trading.
ask: How and why do you think Billium is different?
A: As I said, copy trading is not new in cryptocurrencies, but it is still complicated for the average user, especially beginners. Billium is built on three purposes. Safety, performance and community. Safety is the backbone of our products. We want to protect our clients’ assets and keep them safe. We designed a platform that would earn their trust. I think this is the most important thing in today’s crypto world. Another thing that sets us apart from other players is performance. We have launched a product catalog where even the average trader can get help on the street. These include highly sophisticated APIs 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, with a European license. Of course, one could argue that security and performance cannot coexist, but both are Billium’s top priorities. Another important consideration is our growing and thriving community. too crazy! We create a community with shared values and goals, and our team members and advisors span geographies and experiences.
ask: How do you see the future of trading and copy trading?
A: In the next few years, almost everything in the world will be tokenized. This opens up opportunities for deals, which is why we built Billium. Given reports that around 90% of traders lose money in the market, copy trading is starting to become an alternative for traders to successfully trade. With the volatility of the market, it is worth mentioning that the performance of automation is becoming more and more mature. I believe investors will use the auto-following mechanism of the stock market to trade cryptocurrencies. Automation and copy trading are attractive because they allow traders and investors to replicate the winning strategies of successful traders while reducing risk and losses. This ability to automate trading amplifies the inherent purpose of cryptocurrencies – creating financial freedom regardless of people’s background and ethnicity – and will help professional traders limit their digital asset trades to what is winnable. We’re seeing tons of developers and entrepreneurs innovating and building tools that harness computing power: you can write code to trade like the best traders. Automation and copy trading will eat into the crypto world as software is eating away at the market.
ask: How does Billium aim to attract mainstream users who are skeptical of cryptocurrencies and blockchain technology?
A: People are generally skeptical because they see cryptocurrencies as a tool of manipulation, with the big players making money and the majority losing money. We must debunk myths and myths about cryptocurrencies at local, regional and global levels. This will bring mainstream adoption. Its focus is on providing financial education, not creating more millionaires. I have connections with local actors and institutional traders. Crypto education begins and ends with education. That’s why education takes center stage in our Billium mission. Influencers want to keep everything centralized, but mass adoption happens when people are equipped and exposed to the limitless opportunities of cryptocurrencies. People don’t understand the project. They know nothing about technical analysis, so their experience or that of their friends is often unsuccessful. What we offer them is not understanding but trust in professionals.
ask: In your opinion, what are the benefits of automating the transaction process? Do you see any use cases that you haven’t experimented with yet?
A: Today, we see a trend of automating all day-to-day processes. The same is true in transactions. Algorithms are more efficient than humans because they have no emotions. In the future, neural networks will trade, not people. Diversification will grow when people can trade and enforce specific rules through programmable commands. It allows traders to spread risk across different instruments while establishing a hedge against the risk of loss. Computers can execute and monitor trading opportunities in different markets in milliseconds. This reduces emotions and ensures traders have time to stick to their plans.
ask: 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 encryption, it doesn’t work that way. The first thing is to plan your trade. This is a key yet overlooked effective risk mitigation strategy as it allows traders to make more money from their trades. Planning your trades will also make it easier to calculate your expected returns. All of this put together is an essential mitigation strategy for top traders.
ask: How is Billium committed to staying ahead in a competitive market and maintaining its leadership in copy trading?
A: It’s hard for startups to compete with larger companies that have been public for years, so we strive to focus on delivering a high level of service to the community. Although they exist 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 cryptocurrencies and their use cases. This exciting commitment has begun to take shape as we have become a strong media presence and attracting capable talent. I am very impressed with our technical capabilities, beliefs and team’s ability to innovate.
ask: Elijah, it was an amazing time to be with you. What are your conclusions about cryptocurrency trading, copying and social trading?
A: I believe the future belongs to copy trading and automated trading.