If you can’t crack it in forex, have a go at crypto. In the case of my guest Steve Hormann he’s gone the whole hog. Not so much a trader of crypto as a collector. Through his company, Yieldnodes, Steve and his team provide a masternoding service for crypto coins.
Masternoding? you might ask. Well, yes, it’s a little complicated, that’s why I’ve asked Steve to explain it himself. But ahead of that, why might Steve’s crypto endeavour be of interest to you?
Because traders and non traders alike are making some very healthy returns from participating in the service by way of making a stake in the business.
Is this trading? No, it’s not. Which means loss of capital is highly unlikely. And yet the monthly returns are pretty extraordinary, ranging from 5% to over 19 % per month. When you factor in compounding, you are looking at returns of over 200% per cent per year.
Even during May when Bitcoin was struggling to stay above 30,000, Yieldnodes were able to give participants a return of over 7% for the month. I was intrigued to find out more, so I asked Steve to talk to me on A Trader’s Life about what he does. If you have any interest t all in crypto, I highly recommend you join us.
By pass the 500 Euro minimum requirment and start participating in the Yieldnodes project with as little as 50 Euros via this link while helping to keep this podcast going.
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