David Kanzen on CoinMarketMan's portfolio tracking software

0:20problems that cryptocurrency traders and investors are currently facing and how is corn market man providing those solutions to make the cryptocurrency world a better place the whole idea in concept of coin market man but from 2 years ago when I entered the space in 2017 and I just found there was just so much lack of data so much lack of like my profit Lost Book position like how

0:48much I'm off on my investments when I was playing around on fit tricks like before finance even you buy into a coin and you would just be told the value of that coin you wouldn't be told what price year you know your breakeven price of what you bought in are you're rolling profit loss as it grows and as a shrink you're just told a value and that's not

1:07the idea for a market man but we went to basically find a solution for myself which I can go into business that's great so your team has a platform that allows you to track the Fiat values and you know the tax values and more accurately than exchanges or is it more so because there's multiple exchanges that makes it easier to track it's we

1:31have this we've invented this conversion system basically we decided to create coin market man as a BTC stacking platform we disturbed our people trades to make more BTC so everything is circulating around that we're trying to use BTC as a uniform figure so if you're going to start trading using other non-pc base-pair currencies for example eath or USD or whatever we invented this

1:57conversion system that will pluck the price of BTC at the exact moment of that transaction that you made and find the fiat value and convert it to it BTC price so if you made an e neo trade for example a year an hour we'll find the exact dtc value of it at that point which makes your whole portfolio one uniform PTC number and then we can do all the profit loss

2:22calculations you need work out all the calculations you need and make everything look perfect and shipshape you can stay on top of things very interesting and I've I'm familiar with block folio Delta there's a couple other tracking portfolio applications and web apps that are in the cryptocurrency as well is that your unique competitive advantage having this Bitcoin no

2:46stats SATs tax function on me I see those I see those see those ups pick it out your pocket check your balance put it back in you know they're really convenient for that we try to just take it a few steps further and really our target market active traders basically the sort of analytics that we show really apply for those sort of people not other people that just want to check

3:11their balances put the phone back in the pot track every one of their individual trades look at trade analytics look at their trade history now see the realized PL from each Pacific trade that they went through and try to learn from their trading and try to improve as active traders and become profitable consistently mm-hm and for those traders that are making tons of

3:35trades it must be pretty tedious to have to input all those specific trades especially with so many decimal points in terms of Bitcoin micro bitcoins and Satoshi's how easy is it for traders that are unfamiliar with tracking apps like one market man to start tracking their trades when they've already been doing trades so luckily with us it's it's that simple you pay a read-only API

4:01key plugins or system push a button that's it the data is that we literally we pull all your exchange dates all your trade history through your API and as I said it's really only so it's secure and safe because nothing to worry about you know must a scenario push the button all your data loads up we display everything you need simple as that and how do you get users on your

4:31platform right now are you managing to partner with any crypto currency exchanges where these traders are already trading at or are you doing other marketing campaigns so we were initially reaching out to influences in the in the space active traders trying to tap into the groups and networks that they're associated with and slowly but surely a few exchanger started to

4:54contact us one of them are also announced is private and will be very shortly launching an official partnership through them I mean I think Stan we are official partners but and hopefully following up with a few official press release isms and blog posts and things like that so it was it was great to see that they reached out recognized what we're trying to do

5:19recognize that we're trying new we're promoting and endorsing responsible meeting and consistently profitable trading and not you know trying to explain to people that trainings and just just gambling you know it's sunny it's a skill that you can work out and you can become better and become profitable definitely and congratulations on that vibe it is one

5:40of the top you know margin Bitcoin trading platforms out there but there are a lot of people that are also trading on bit mechs but also finance and metrics and these other exchanges do you have the ability to connect all of these exchanges into one portfolio already so at the moment we're compatible with bit max coinbase bit tricks yeah and by bit those are the

6:10four we're totally focused on at the moment you can upload your API keys from all those exchanges and you will get one amalgamated total network figure at the top and your portfolio overview and then further individual detail under each of those exchanges awesome that's great that must save so much time because it's very tedious to do I've seen it done before and is not

6:34fun and we were talking earlier boat there's this function your team has come out with you know I don't know what it was called exactly but essentially it's a verified portfolio sharing tool we can prove your trades in your trade history and this has sort of come up as there's a lot of influencers on Twitter and around social media that are sharing their portfolios

6:57it's hard to prove if those portfolios are real especially when these people are showing successful trades and getting them to buy into a traders club or something like that can you talk about that problem and how you've driven a specific solution towards major influencer groups as well so yeah we developed this position verification tool essentially it started out as me

7:23just just wanting to share my positions with my fellow traders I'm in a bunch of different trade groups and WeChat read a and reactive and it was just a really easy way to share my position it developed into essentially an anti laugh tool as they say in the community because essentially what it does is it pulls data direct from your connected exchange API and our server then

7:50generates a snapshot and posts the image of your position including the entry and the size on our server so that means if you were to share your position and send me the link to your generated snapshot I know that there's absolutely no way that you could have tampered with that position in any way it's generated entirely by coin market man and verified

8:10by a star that has all true data direct for your exchange very cool and have any other platforms done something like this before I think some of the exchanges are toying with it I know FDX had some simple position sharing features but where I guess you could say we're compatible across all the exchanges on our site one thing and we're like a third party you know reliable variable

8:42verifiable source of these positions essentially definitely and you have all these exchange connections into coin market man already you just made this private partnership which congratulations to that but I'm curious what comes next what's on the development roadmap for users in terms of functionality that can help them trade better and what do they have to

9:04look forward to so we're always looking where we can improve at the moment we've got our full focus on our trading journal the training journal is going to you'll be able to auto sync your trades with the trading journal so if you have an active open position you click the button you port it over to your trading journal and you'll pre-fill a lot of the

9:27data fields in there so again as you're saying earlier that cut out that whole manual spreadsheet keeping you know like the hours that goes into keeping every single track of all your trades on a manual Excel spreadsheet I'm the same anytime there and of course keeping real data and one really easy to use comprehensive trading journal and we'll spit up a bunch of analytics to you as

9:49well we want to improve on the current analytics we show on our fiber and fit mix trade history and performance charts we want to go into things like a fee study to show you how much you're spending on market-maker fees and how that affects your equity curve over time do things like frequency of trade studies to show you when your most profitable like you know perhaps if you

10:15trade too often in clusters we can prove that you actually end up losing a lot of money compared to when you trade less often more sporadically maybe a with a bit more conviction you know we want to try and I hope to identify a revenge trade patterns whatever it is whatever you can think of in the analysis side of things we're trying to pop it out

10:36sounds like some great advancements I'm looking forward to seeing those come out and your platform has been growing you know you have all this traction so far but what would you say is the biggest challenge to your continued growth into the market let's see at first a lot of the community just want to be spoon-fed signals they just want to be spoon-fed

11:03things you know they don't wanna they weren't willing so much or we found it hard to tap into people where to put in the work our platform really has a lot of synergy with traders who are willing to put in the work willing to analyze their trades willing to put the time into improving as traders because as I was saying earlier trading as a skill you're not gonna be

11:24profitable if you just taking spoon-fed signals of some guy off Twitter or just taking flying signals of some group somewhere and not managing your risk you know and so the biggest challenge is to tap into that market of people who are actually really willing who are able to recognize that if they put in the work they can be successful and then to get

11:45them on board and help them out you with by using our platform it's a great answer David and for traders and investors that are looking to find out more information about coin market man or reach out to you what's the best way for them to learn more come on that's like join market man calm we're on Twitter as well at Wayne market man you'll find links to

12:08our discord group as well on the website and in the about Us section I think you might even find a link to my private Twitter account good luck you know work hard enough to look for it great thank you David I will leave those links in the description box below it's all the time that we have for the interview today but it's been a pleasure speaking to you and

12:26learning about corn market man and I'm wishing you all the best and let's follow up in the near future things lasted thanks a lot thank you