11 Important Questions with My Answers

Wow! I’m delighted to hear that many of our new members are already earning high yields, per my instructions.

I’m equally glad to see that, when you have questions, you ask them, we respond promptly, and the issues are usually resolved.

(The best venue is via email at [email protected] Or you can call our Crypto Support Team at 877-934-7778.)

I’ll share my answers to the most frequent questions in just a moment.

But first, allow me to summarize the progress we’ve made so far …

  • In our inaugural issue, I gave you a video tutorial for what I call the “Starter Level,” aiming to earn 8%, all possible by opening a single account. As I see it, that’s low-hanging fruit — easy to set up and get going right away. If you missed that issue, no worries! You can read it online here. Or you can watch the tutorials here.
  • Then, last week, we stepped up to the next level to go for 19.5% yield. This is not possible with just a single account. It takes multiple steps to get there, but with these kinds of high yields — and on stablecoins that barely fluctuate in price — it’s definitely worth the extra trouble.

    You can read our updated instructions here. And you can watch all the tutorials on this new, dedicated video page. (This is Level 1.)
  • Next week, we will step up again — to Level 2. That’s where we move beyond strictly stablecoins to go for even higher yields.

Right now, I want to give you more time to get up to speed with Level 1 yields, which are already unusually high.

Plus, I want to address …

Your Frequently Asked Questions

Question 1. When I browsed your video page, I found there were quite a few different tutorial videos to watch. Where do I start?

A. As a rule, I suggest you follow the specific steps we outline in each issue. They should guide you to the right videos and in the proper order. Plus, we’ve also created new video pages, each page devoted to the tutorial videos for each level — Starter Level, Level One, Level Two, etc. (The first two are available now. The third will be up next week.)

Question 2. I’m not comfortable with computers, iPhones, iPads and the like. Am I going to be able to do this on my own?

A. If you can buy stocks or make bank transfers online, it should be very possible. If not, you have three alternatives:

1) Email or call us with your questions …

2) Schedule a Zoom coaching session with our Crypto Support Team. And if you still need additional assistance …

3) Why not ask a relative or friend to assist you with the setup? We’ll be glad to copy them in our email responses and add them to our Zoom session.

Question 3. I live in a country where it’s not possible to open an account with Gemini. What should I do.

A. I recommend Binance.com (not to be confused with Binance.us). You can also use Binance to make stablecoin deposits and earn yields of as much as 10%.

Question 4. Why should we use a centralized exchanges like Gemini if we’re going for returns in the world of decentralized finance (DeFi)?

A. Centralized organizations run platforms that offer one-stop yield opportunities. For those unfamiliar with decentralized organizations, it’s great place to get started. And they still offer yields that are far higher than the equivalent vehicles in traditional finance.

Besides, no matter what, you need a centralized exchange to convert your money into crypto and then fund your wallet.

Question 5. I live overseas. In which countries is Gemini available?

A. Check this list. Also refer to the next question.

Question 6. I live in Australia. Although we CAN open an account with Gemini, it won’t let us buy UST, which you said we can deposit for yields of about 8%. What should we do?

A. Instead of buying and depositing UST, buy and deposit Gemini’s own stablecoin, GUSD. The yield is very similar to what they pay on UST deposits.

Question 7. I understand that stablecoins hardly fluctuate at all in price. But are there other risks with stablecoins?

A. Nothing in the world of saving or investing is 100% risk free. Stablecoins can fluctuate in value, but rarely enough to make a difference. Other advantages include (1) excellent liquidity, (2) easy transfer of funds, (3) superior cross-border payment options than in traditional finance, plus more.

But not all stablecoins are created equal. The ones we favor are fully collateralized (or even over collateralized) with funds held in the bank account of the issuer or in secure smart contracts. Other stablecoins may not be.

Overall, in some ways, we feel that fiat currency bank deposits, such as U.S. dollar CDs or euro time deposits (TDs) can sometimes be riskier than deposits in stablecoins pegged to the U.S. dollar. Here’s why …

  • Banks don’t pay sufficient interest to cover the inflation risk.
  • Bank deposits that exceed the federal insurance limits are subject to bank failure risk.
  • And with all customer records in centralized databases, we believe many banks could be more vulnerable to security risks than decentralized platforms or exchanges.

Question 8. What exactly are the risks of DeFi protocols and smart contracts?

A. I repeat: Nothing in the world of finance, whether centralized or decentralized, is 100% risk free. As I’ve just stated in response to the prior question, even at the world’s largest banks, your money could be subject to (a) inflation risk that exceeds your interest, (b) failure risk and (c) security risk.

Overall, we are comfortable with the relative safety of the platforms we recommend because they have significant sums on deposit and/or a strong track record.

Nevertheless, given the relatively short history of DeFi, we do our utmost to keep them under a watchful eye. We cannot guarantee perfection, but I feel that my vigilance is one of the important features of this service.

Question 9. Why can’t we use just one wallet? Isn’t there a way for this to be simpler?

A. In the future, perhaps. However, if you want to go for the extraordinary yields available on DeFi right now, you will need more than one wallet.

One reason is that it’s often difficult for residents in certain countries to transfer their funds directly to the Terra network. They first have to send their money to their MetaMask wallet and then transfer to their Terra Station wallet.

I find it’s well worth the extra trouble: The Terra network is robust, offers some of the best yields and boasts some of the lowest transaction costs.

And remember: A wallet is a feature of DeFi that also gives you some important advantages in addition to access to high yields … including full control over your assets. Without intermediaries or custodians in your way.

In addition, multiple wallets can open up multiple yield opportunities, now or in the future. If yields and circumstances change, which is very possible, the different wallets give you more flexibility to adjust.

Question 10. Are DeFi yields fixed or variable?

A. Both are possible. But most of the best DeFi yield opportunities are variable. The Starter Level yields (such as on Gemini) change less frequently. The Level 1 yields (such as on Anchor Protocol) have also been relatively stable but could change in the future. And the Level 2 yields,  which we’ll cover next week, are more variable.

Question 11. What happens if the value of the U.S. dollar drops?

A. Helping to protect you from the falling purchasing power of the U.S. dollar — or from a dollar decline against other major currencies — is one of the top priorities of Crypto Yield Hunter.

We seek to do that in two ways: First, by guiding you to yields that exceed the inflation rate. And second, by alerting you to capital gain opportunities, which could also help beat inflation.

If history is any guide, the yields and gains could beat inflation by a very wide margin, indeed.

Best wishes,

Marko

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