Topic: Could negative interest rates in the US boost Bitcoin? - page 2. (Read 2576 times)
Negative interests rates are an extreme from very few banks, limited to a very small number of customers who will move their money as soon as they will hear about the change. It's a non-event. The big thing is very low interest rates at most savings accounts.
Is normal. Fiat is physical and needs storage and that cost money.
Generally when it comes to negative interest rate, one would rather keep their wealth in other tangible assets like property, gold. Bitcoin could actually qualify but for that to happen the value needs to be maintain at stable range. A good portfolio is to diversify rather than to continue hang on to the cash and losing its value as each day passes by.
http://finance.yahoo.com/news/banks-in-europe-are-charging-to-hold-deposits--could-it-happen-here-195532627.html
YES!
The linked article talks about how a bank in Denmark is charging its customers for the privilege of holding their savings, negative interest rates. The bank doesn't pay you for your savings on deposit but you pay the bank to hold your savings secure because the market alternatives are so risky. The article speculates (very broadly) that it could happen in the US...it likely won't, but if it did guess what would provide a good alternative to traditional savings?
You guessed it...the almighty B-T-C...what an interesting turn for bitcoin that would be.
YES!
The linked article talks about how a bank in Denmark is charging its customers for the privilege of holding their savings, negative interest rates. The bank doesn't pay you for your savings on deposit but you pay the bank to hold your savings secure because the market alternatives are so risky. The article speculates (very broadly) that it could happen in the US...it likely won't, but if it did guess what would provide a good alternative to traditional savings?
You guessed it...the almighty B-T-C...what an interesting turn for bitcoin that would be.
it was just a matter of time when this happens, i feel sorry for all those who tought they had enough to live off the interests and are now clueless how to proceed.
bitcoin could profit on this, definetly, but first its needed to remove everyday thefts from happening and scaring people off from it.
cheers
http://finance.yahoo.com/news/banks-in-europe-are-charging-to-hold-deposits--could-it-happen-here-195532627.html
YES!
The linked article talks about how a bank in Denmark is charging its customers for the privilege of holding their savings, negative interest rates. The bank doesn't pay you for your savings on deposit but you pay the bank to hold your savings secure because the market alternatives are so risky. The article speculates (very broadly) that it could happen in the US...it likely won't, but if it did guess what would provide a good alternative to traditional savings?
You guessed it...the almighty B-T-C...what an interesting turn for bitcoin that would be.
YES!
The linked article talks about how a bank in Denmark is charging its customers for the privilege of holding their savings, negative interest rates. The bank doesn't pay you for your savings on deposit but you pay the bank to hold your savings secure because the market alternatives are so risky. The article speculates (very broadly) that it could happen in the US...it likely won't, but if it did guess what would provide a good alternative to traditional savings?
You guessed it...the almighty B-T-C...what an interesting turn for bitcoin that would be.
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