Bart Bordallo on Unlocking Group Profit Sharing by Investing in Zignaly’s Expert Traders (Episode 285)
Bart Bordallo joins us to discuss Unlocking Group Profit Sharing by Investing in Zignaly’s Expert Traders.
Bart is a serial entrepreneur who has been involved in several projects: Twitter services, dashboards (marketing, lawyers), e-commerces, and content community, among others.
Bart has a solid technical background, having started as a sysadmin and then coding in most projects where he has participated—always bootstrapping startups has taught him how to wear different hats and look at the situation from different perspectives.
Currently, he is the Co-Founder and CEO of Zignaly, a social investment platform created five years ago that aims to provide reliable alternatives to everybody and everyone everywhere.
Want more resources around this podcast? Keep up to date on the latest articles here.
The following transcript was created using artificial intelligence. There will be some grammatical errors below.
00:00:03:12 – 00:00:20:08
Richard Carthon: Hello everyone. Welcome to another episode of Crypto Current. Your host. Here Richard Carthon. And today I have a very special guest that is joining us to talk about a really cool copy trading software that I’m excited to learn more about. We have Mark, CEO and co-founder at Zignaly. How are you doing today?
00:00:20:24 – 00:00:22:24
Bart Bordallo: I am very good. Thank you for having me.
00:00:23:22 – 00:00:30:06
Richard Carthon: Absolutely. And you’re actually in a country, one of the first I’m hearing of. Can you tell us where you’re located? At us.
00:00:30:26 – 00:00:36:15
Bart Bordallo: Is Andorra. It’s a super tiny country, 70,000. I say users, but this population
00:00:39:16 – 00:00:41:25
Bart Bordallo: is between in Spain and Andorra is in the
00:00:43:12 – 00:00:50:27
Bart Bordallo: mountains that that is dividing this. So is this bike cool? And why it is good?
00:00:51:14 – 00:01:07:21
Richard Carthon: Absolutely. I’ll have to check that out. One, I mean, that’s that’s really cool. I will say you are the first person I’ve met from there and I’ve interviewed from there. So this is a two for one special everyone. I hope you’re excited. But Bart, I’m excited to learn more about what you have going on. But first, let’s learn more about you can give us some background on yourself first.
00:01:08:01 – 00:01:38:14
Richard Carthon: So I mean, I know I have been involved in several different projects since Twitter service dashboard for marketing, for lawyers and e-commerce and on eBay Content Community. I have a strong technical background, but in the last year since my previous startup, I have been more involved in the in the business side. So I have been more dealing. I always we always said that we like to start.
00:01:38:24 – 00:02:13:06
Richard Carthon: So we have a methodology. We like to validate the idea as soon as possible. So what we try to do is we build something, we launch this something to the market and we see the reaction of the market. So I usually I’m the one who built all these prototypes or MVP, but lately I continue with the funding, the business relationship and all these things. So since last five years it has been working me in the money.
00:02:13:19 – 00:02:21:07
Richard Carthon: We are creating a social investment platform that offer equal opportunities to everybody and everyone around the world.
00:02:22:09 – 00:02:43:21
Richard Carthon: As a really cool, so extensive background through entrepreneur and having a ton of experience. It’s not just on the on the back end, but now getting to the front end of the business. So you’ve seen how the entire pie is made so even work in the last five years on doing that. But what was that first introduction into the crypto space like? How did you first find out about, you know, crypto and blockchain?
00:02:44:20 – 00:03:13:05
Bart Bordallo: So I think the first time that I read the white paper on some Bitcoin I was in 2014, and I remember that I was hiking with my friends and I was telling them about this new cool thing. They were looking at me as you are speaking Chinese or something like What the hell are you talking about? But at that time I don’t know if it was $40 or $400. And I say I miss the opportunity.
00:03:15:17 – 00:04:01:01
Bart Bordallo: So I left that I was into this other project that I was involved in, that I tried to give you the focus on what I’m working on. I didn’t get really into this ultra. 2017 where my biggest project, it wasn’t very good that we only have two or three customers after three or four years. So it was kind of nice. And I mean, one guy, I wasn’t even in in the States at that time and I met one guy that he was super, super volition rebel and he told me about Rebel and I remember that I was so, so, so terrible at, I don’t know, $0.12 or $0.19.
00:04:01:08 – 00:04:33:23
Bart Bordallo: And then I saw how these people went to $3. And then I saw how he went to $19 and I was still there. So I have to say that I don’t have any financial background or economic background. I’m not a good trader, but it caught my attention. So at the end of or at the beginning of 2018, I decide to to create a board for trading with all my knowledge. So obviously, the big board, it didn’t work at all.
00:04:34:06 – 00:05:04:15
Bart Bordallo: So but I was super excited about super interested in this world. So I started and research team and I discovered this in those people who tell you when to buy, when to sell or or maybe you do in the in this show with with this you in that you give your opinion. So maybe I trust you. And I say, hey, whatever, free to say something. I’m going to buy it. I’m going to buy be something so I can create. I seen that from these. I’m I’m going to buy something.
00:05:04:17 – 00:05:35:15
Bart Bordallo: Then I’m going to do later whatever I have to do. So I discover something, which is if there is something worse than losing money when you are trading, is missing the opportunity you are in this day dying here in Europe. So you give your showing in my night and when I wake up in the morning, you have to talk about this cool thing that is already 50%. And since you’re talking about that, I see now I know I miss the opportunity.
00:05:35:17 – 00:06:05:24
Bart Bordallo: So maybe because I have this technical background, I do didn’t understand why we have to do this my money. So I started to create on a tool for automata using all these symbols and converting this in that same dress and stuff that is so whatever. And free to say, hey, this is a goal going and going that competition. I buy your there with 5% of my portfolio or my working capital or whatever. So we created this.
00:06:06:11 – 00:06:33:27
Bart Bordallo: I have the MVP for the summer of 2018. I mean, just one month with our private data, we were moving like $1 million Billion in foreign trade. Now he’s not nothing when you see these numbers on this crazy scene. But for me, at that time, we it wasn’t even a date. I was an Alpha. We were moving $1 million important tree. So it was amazing. So we keep working on this and I realized that.
00:06:35:25 – 00:07:06:16
Bart Bordallo: It was interesting because it’s something that you can accommodate and go to strategy. But the problem is that you need to a huge knowledge because one thing is. When you enter into the market and one same thing or one of the different thing is when you exit. Right. And someti and or I think it is more important when you see that when you enter into the market, in fact that it started you basing in random entries.
00:07:06:27 – 00:07:38:17
Bart Bordallo: So anyway, I think that this was in. What I wanted. And we implemented the other side of it, which was the copy trading. And with copy trading we solved the problem not to be seen because we’ve seen that you end the day. Interesting. And then you had to we have like 40 or 50 different options. You can place it for some place. Failing to stop. Stop loss decays more than 30 or 50 different options.
00:07:39:02 – 00:08:18:12
Richard Carthon: Which is really robust. So real quick, let me let me just come in real quick. So with your background, you know, you said you learned about crypto and you started to get into this space. Ripple is your first crypto that you got into. You’re able to see you go up. You’re also able to see you go back down and you’re like, okay, let me see if I can create a bot that can start to do some of this automated trading, which in 2018 creating that bot, especially as the market was about to go down over the next two years, it’s probably pretty brutal. So you’re like, okay, how do I create something, like you said, that can not only find a good price entry, but find a good price to exit? Because a lot of people, unfortunately, when they enter this space, think, Oh, I’m a trader, like I’m a crypto trader.
00:08:18:14 – 00:08:38:20
Richard Carthon: I can come in, I can buy and sell crypto. And you’re not a trader, you’re an investor. You think you know how to trade. But I feel like a lot of new people come into this space, come and learn this lesson very quickly that they are not a trader. You can learn to become one. You can become good over time and you’re going to have some losses. You’re going to you’re going to lose some money. But
00:08:40:06 – 00:09:07:05
Richard Carthon: you’re coming in as an investor. You’re finding it’s a project you want to put money into and you want to learn about it and then figure out how do you particularly start to become more of a trader? So what zig zag Natalie does is helps you connect with these people are influencers or people who you consistently watch to try to get signals of what’s going on and then give you strategies to help you become more of a trader. Does that sound about right or is there any more that you want to add to that.
00:09:07:18 – 00:09:40:08
Bart Bordallo: Is is right? They give you the clues they give you, then they see where to enter. But they still you need to define the strategy from this team that you need to know when to exit and you need to know you need to exit with profit and you need to exit we we lost and cut your losses or you need to buy more to to stay and reprice. So we realized that this wasn’t for everybody because you need knowledge and you need to be there. So I was looking for something totally different.
00:09:40:10 – 00:10:11:17
Bart Bordallo: So we were there with a copy trading idea that we say this one implements copy trade. You mean in in similarly are we implementing was a huge asset we solve for the problem from same then now we just need to go to the market place. You chose this guy. You had the track record of this guy. I’m going to choose this guy and whatever this guy does is going to be replicated into my account. So he’s perfect. But again, I, I was one year with copy trading. We realized that it wasn’t perfect.
00:10:11:26 – 00:10:45:03
Bart Bordallo: The problem with copy trading and I need a more team in crypto when you have a market with very little volume is that one thing is what they try to get the results from the trader and the different team is the results from their followers. In fact, if I in kind of malicious trader I can place are entering then my followers are going to come after me. These followers are going to bump the price and I’m going to exit in the top of this pump.
00:10:45:16 – 00:11:19:03
Bart Bordallo: And then they are going to try to exit, but they will never get my my results. So with this problem, we decide to be bought another step forward and we entered what we call profit sharing. This is not copy trading anymore. Now what we do is something more similar to hedge funds. People, everybody put their money in one single account and this trader manage this money in behalf of everybody. So in this way we can guarantee that everybody is going to have 100% the same results proportionate to their contribution to their account.
00:11:20:20 – 00:12:04:11
Richard Carthon: Interesting. So you found this this workaround where, like you said, it’s almost like a hedge fund in the sense that you are this investor where we decide it is you’re you’re putting in an allocation and basically they’re running the fund as if it were their own money. But like you said, the allocation is going and being split based on the amount that you have put in. I’m curious and you know, maybe because it’s in crypto, maybe it’s it’s elsewhere. Like, how is it that these traders who are coming in doing that aren’t aren’t getting hit with like regulators and stuff like that? Like, how is it that they’re able to to do this without having to worry about any of those things?
00:12:05:04 – 00:12:38:29
Bart Bordallo: So right now, we are we are operating from that friendly jurisdiction. And we don’t unfortunately, right now in the current version, we cannot offer this service to people from the US, people from from China and several different countries. So right now there is this problem or with the regulator, we are not yet ready to get into the realize the license and all the things that we will need is something that we are working on.
00:12:39:01 – 00:12:52:25
Bart Bordallo: And then within that, we have a solution for that. But this is something for Qualcomm. So right now, we’re the only thing that we do is we have we don’t allow people from us, from China and the typical bandits countries.
00:12:53:22 – 00:13:19:29
Richard Carthon: Got it. Okay. Yeah, I. I follow now. But for, you know, looking at how far as Inglese comes, I mean, you have over 40,000 users, $120 million on on the on the platform. You’ve seen over 5.6 billion volume. I mean, it’s definitely come a long way in the last five years, you know, or how how have you seen this kind of evolve and where do you see this headed over the next year?
00:13:20:25 – 00:13:56:21
So I, I think we it took us like two years to reach the first billion. And after that we have been reaching the next one more and more faster. So within that, with profit sharing, we have. Falling or flaccid in Simi Valley. This is the way now we will answer the token. Last year, in April of last year, I becoming an important piece in the ecosystem.
00:13:56:24 – 00:14:30:26
As to the token, we have announced a different name for all units like we have the the launchpad, you have the board, we have launched it are full site for the and for the NFT. We are getting into this in partnership with NFT. And so that’s why it is a slot so people can come to the platform and get a visa slot. We also have Build our breed. Now we work with Italian and BFC, Polygon and Solana and I theme.
00:14:30:28 – 00:15:01:22
We have five really, really interesting brothers there. So we are thinking about making public this bridge so anybody can use this bridge and be a new option or an additional option to what we already have in the market. So we are done with this. Then we got background and they have been dealing with security for a long time, especially in security is that nothing is secure, nothing is 100% secure.
00:15:02:11 – 00:15:37:01
So you need to build as many layers as possible. You need to make it as difficult as possible. I think we have paid special attention to this and to this thing about security and then also what we are trying to do in cementing all the growth of these that we are trying to reach the masses and we are trying to create that easy to use platform I used to use for all those good looking and with good usability. So you go to the to the bridge and you will see all these things that we are doing.
00:15:37:15 – 00:16:09:12
I think the interface is beautiful and easy to use, only super intuitive. So this is what we are trying to do in and in their aim or the product that we are going. So I think to step by step we are creating an ecosystem. At the beginning we were a trading platform and our main brother was trading. Now we are launching the second version of profit sharing. And with profit sharing we are getting a little bit out of trading. We are not monitoring it, but we are an investment platform, in fact.
00:16:11:06 – 00:16:51:08
Richard Carthon: This new version, the new version about profit sharing. The core theme is that you don’t need the three, it doesn’t need to operate incessantly, that they can operate if they are using empty four or media three there or even what today was a competitor. They can go. They can use these trading tools outside of simply honesty. We are going to be able to offer profit sharing in the marketplace from from this data. So, as I say, at the beginning, we were operating two and now we are an ecosystem with all these both launchpad investment platform and ifthis theme is that each day there is something new.
00:16:52:26 – 00:16:54:18
We are open to it throughout this thing.
00:16:55:18 – 00:17:26:15
Richard Carthon: That’s really cool, man. And it’s interesting to see like how many tools and things you’re building on top of signaling. And something I also want to point out is that, you know, you’ve been building this for five years, so like you’ve seen a bear market, you’ve also seen a bull market. You’ve seen the ebbs and flows of the ups and downs through this. But for a lot of these newer companies who are just now starting to say that we’re officially in a bear market, but this is the a lot of them have been building for the last one or two years and maybe for the last couple of months.
00:17:26:23 – 00:17:46:05
Richard Carthon: And they’re afraid to come to market just at this moment because it’s not it’s not as bullish as it was a couple of months ago. Like, what would you tell these companies who haven’t necessarily gone through this experience? Like, well, what would you tell yourself when you were first getting started in this firm?
00:17:46:25 – 00:18:27:17
Bart Bordallo: What I would say to myself is something that I think everybody has in mind but is difficult to maintain, which is and I think we have I have one mentor now in Simi Valley, and he always remind me, he say very, very in a very good way, which is 99% is super difficult. 100% is easy. So focus, focus, focus. Whatever you want to do, focusing Dustin, don’t get distracted and go for it. I think, okay, we are in that bear market right now and but sooner or later, even if we are in a bull market, you know that the bear market is going to come at some point and you need to be prepared.
00:18:27:21 – 00:19:02:28
Bart Bordallo: So if you if you only are willing to work when we are in a bull market, you are in that really, really bad position. Right. Because you what I call the we see that I don’t think that they were super bullish putting these were markets now they might be really really close to zero so we already will out of the worst time ever ever in in the middle of 2018. We have we we survived two years of bear market, as you say, at the beginning.
00:19:03:06 – 00:19:10:21
Bart Bordallo: And then we have the bull market and now we are again. I think we have been. I have not seven months or so.
00:19:10:28 – 00:19:15:00
Richard Carthon: Yeah, we’re we’re entering seven months of doing so.
00:19:15:03 – 00:19:31:27
Bart Bordallo: So is it has been bit going when I didn’t want to even go 2 to $3000. But it has been a big market and you need to be prepared because sooner or later it’s going to come. So you need to be prepared for that.
00:19:32:26 – 00:20:00:00
Richard Carthon: For sure and appreciate that. I’m sure everyone listening appreciates that as well. But as you kind of look at the overall crypto market, there’s a lot that’s going on. Of course you have defi nfts security regulation, etc.. I know one of the things that, you know, we talked about before the show is that your outlook on DEFI and how there’s some opportunities in that. Do you want to kind of expand on that a little bit?
00:20:01:04 – 00:20:11:19
Bart Bordallo: So I think it’s super exciting what we have seen in the file and. Because, for example, right now.
00:20:14:11 – 00:20:44:28
Bart Bordallo: There is not too many traders who are actively trading daily right now. There is a lot of traders that are able to make money when they are when we are in a bull market. But there is no many trader that can make money when we are in a flat must get on A or A and B the market. But the thing is that. With the opportunities that we have in Defi, you can stop trading. You can take your and your funds and you can go to a farm.
00:20:45:12 – 00:20:56:25
Bart Bordallo: You can start playing with NFC. If tomorrow somebody tokenize real estate and they say tomorrow, but they feel there is already project that they are doing, you can put some of your
00:20:58:12 – 00:21:43:00
Bart Bordallo: portfolio in the real estate tokens or the fees that are going to go on that we don’t know yet. So I think it’s a big opportunity that is it is going to open the the alternative that we that we have for investment for for this upcoming investment. So I think this is I think in the future, I think we are finishing. To be is to which is proficient to know which is these and your basing where we don’t need to bring in infinitesimal leaps but we are very we have be fine if their version of proficiency and the third version of proficiency is more alignment with this.
00:21:43:02 – 00:21:48:21
Bart Bordallo: We are going to follow much more a strategy that just reading.
00:21:49:28 – 00:22:20:12
Richard Carthon: Yeah. Well, and I’m excited to check that out once that is available. And I know you also have some some pretty big announcements coming. I know we can’t cover those today, but I know we’ve got some big things on the horizon or around zigging early. But Matt, I really appreciate it. And you know, I always like to wrap up with a couple of fun questions and the first I would ask is building signally you learned a lot of lessons if you had to go back and impart one or two pieces of wisdom to yourself when you were first building this, what would you say?
00:22:22:05 – 00:23:01:13
Bart Bordallo: So again, the first one is the one about their focus, their failure, your goal, and go for it. And the second one is that you need to surround yourself with good people so you you cannot be the smart guy in there in their own right. So to find people because you have a you have a good mission, a good beacon. I’m sure that there is going to be people. Ultimately, you find these people are built together because there is a lot of different options by yourself.
00:23:01:15 – 00:23:02:21
Bart Bordallo: You cannot go about everything.
00:23:04:03 – 00:23:41:17
Richard Carthon: Right. I think those are two really good points. So focus is very easy to get distracted and keep following the shiny object and not really lock in and finish a thing. So I’ve actually never heard a phrase that way. It’s really hard to do the 99%. It’s really easy to do 100, a.k.a. go all in, focus on this thing, just, you know, find a way to get it right. So I like that concept. And surround yourself with good people. I also cosign that it’s good to have good communities. Also good to surround yourself with people who will challenge you and who will provide other ways of thinking that ultimately make what you’re creating that much better.
00:23:41:19 – 00:23:54:17
Richard Carthon: So I think really two awesome pieces of advice. And Bart, again, you shared a lot of really cool information with us. I know I’m excited to go check out the lead, but what is a final thought that you want to leave with all the listeners here today?
00:23:55:29 – 00:24:24:20
Richard Carthon: So the final so is that I suppose we were talking at the beginning that in 2014 I was thinking that it was too late for me. But even today I feel we have a huge opportunity now. I think that what is going to change? No, nobody want to work anymore in corporations there. Now you can. You can work for us now. And there is going to be.
00:24:26:09 – 00:24:41:04
Richard Carthon: Dow’s broad yet the cuff admission that resonated. We do. I mean, we are still at the beginning of all this and that you can still take an opportunity to do to jump into the ship.
00:24:42:24 – 00:25:13:29
Richard Carthon: Absolutely no time like the present. We’re still super early in this space. There’s still a lot of opportunity out there. And it’s a very interesting place where you can, like you said, that I think all companies are people are going to be working for corporations in the future. They’re going to work for Dallas. I think Dallas are the potential future. LLC is your future corporations that a lot of organizations are going to start moving towards and it’ll be interesting to see how that plays out. So really appreciate that final thought.
00:25:14:06 – 00:25:19:14
Richard Carthon: All right. People who listen to this, they’re super excited. They want to learn more about it. They want to start using signally where can they find you.
00:25:20:09 – 00:25:36:24
Richard Carthon: So you can find me in in Twitter, you can find me. We have I found that in this course. I try to be super close to the community so you can reach me. Didn’t you discover a tweet there? I’m also in telegram, so.
00:25:38:16 – 00:25:42:18
Richard Carthon: And you can reach me there. So happy to get any with you.
00:25:43:19 – 00:26:01:14
Richard Carthon: Excellent. And we’ll make sure to have those links in the show notes. And of course, you can go check out their website at Signal AECOM. That’s the IG in a Y dot com. So Bart, thank you so much for spend some time with us. Everyone listening. I hope you enjoyed all the amazing things that you had to share with us. And of course, stay cryptocurrency.
Crypto Current will be guiding all of you who are new to the cryptocurrency world to becoming a cryptocurrency and blockchain expert. Crypto Current was founded to give access to information to everyone on current events occurring in cryptocurrency and blockchain in a digestible way. Since its creation, we have created content that impacted thousands of people through its podcast, blog, and social media.