How Covesting Copy Trading Module Trader Turned $400,000 Into $8.5 Million in 4 Days

Tony "The Bull" Severino

4 years ago

2 mins read

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A trader, on popular Bitcoin trading platform PrimeXBT, recently had a successful run that netted him a total return of over 1,800%. However, where it becomes interesting is that through copy-trading, followers of the trader — Satoshi Bets — managed to profit from his successful run by turning $400,000 into $8.5 million in a matter of days.

Copy-trading involves choosing a selected trader on a platform and putting money against their strategy allowing for novice and time-strapped traders to potentially profit off the success of those who already proved their trading skills. PrimeXBT launched their Covesting Module in partnership with a Europe-based, licensed DLT services provider and B2B software developer Covesting and now offers a few hundred trading strategies available for following. The total performance of the top ten strategies varies between 280% up to 5300% percent, but here’s a very special success story that just took place.

Covesting Copy Trading Module Trader Changes Followers’ Lives With 1,800% Returns

PrimeXBT offers an attractive win-win solution and makes its product appealing for talented traders due to the fact that 20% of all profits generated for the followers are paid as Success Fees to the strategy manager.

In this case PrimeXBT’s Covesting Module allowed not only those followers of Satoshi Bets to profit from his incredible run, but the trader himself managed to pull $1.7 million just in Success Fees.

Congratulations to all the users who followed the "Satoshi Bets" strategy on the #Covesting Module. A strategy with a total return over 1,800% that turned $400k into nearly $8,000,000.

ℹ️ Please note that copy-trading can be risky pic.twitter.com/n7iCDB1SfW

— PrimeXBT (@PrimeXBT) February 9, 2021

A Life Changing Sensation

The strategy, which ran for four days, had an impact on some people’s lives that their entire world was changed for the better. Many people took to the PrimeXBT Covesting Module Telegram group and other platforms to extend their thanks and gratitude for this life changing opportunity.

One user posted their earnings from following Satoshi Bets over his successful run, thanking them for “changing my life today.” “Words can’t explain the gratitude,” they added.

Another user also posted their earnings , revealing they also had “got in the right time and with the right amount.”

Other users shared their experience on twitter.

Well @7figwhen did something special. #Covesting @PrimeXBT $cov pic.twitter.com/EUUTCyWrVS

— VirtualQuery 🧽 (@VirtualQuery) February 9, 2021

A New Way of Trading

The success for the followers of Satoshi Bets, and the trader himself, is evidence of the potential rewards that come from copy-trading and the use of a powerful platform, or module. The module in the case of PrimeXBT allows anyone who is able to join the trading platform the opportunity to follow proven trading winners.

There is no need for financial or trading qualifications, as all the hard work and trading decisions are done by people who have made it their full time jobs. These types of modules have formed strong community trading environments as the traders themselves are also rewarded for their good work.

The success fees alone that Satoshi Bets received from his successful trading run indicate how lucrative it can be for a skilled trader taking advantage of a copy-trading module. There are also plenty more success stories like Satoshi Bets and his followers being shared by users in the PrimeXBT Covesting Module Telegram group.

Featured image from Deposit Photos

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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