have fun with pegging the CHF with the euro 
- thats the way to hell.
- thats the way to hell.Only the floor is specified. Unfortunately, investors think CHF is a very strong currency and the Central Bank is forced to defend the floor.
Topic: Right time to switch from CHF into BTC (Read 2265 times)
Only the floor is specified. Unfortunately, investors think CHF is a very strong currency and the Central Bank is forced to defend the floor.
have fun with pegging the CHF with the euro - thats the way to hell.
- thats the way to hell. 
it's nothing, see the Russian ruble, like that so is time
I think Ruble have totally different story. No bank can offer you so good interests that Ruble lose per month.
it's nothing, see the Russian ruble, like that so is time
Negative interest rates? Then I guess it's a good time to get a loan? 
lol. There is always difference between interest rate, bank loans your money or loans you the money. So we will have to wait a bit more so this negative interest rate raise a bit more, then we will earn interests by taking loans from banks.
Bank run time 
Why would there be a bank run? The reason the negative interest rates were put in place was because people were putting too much money into banks, and was intended to slow the flow of money into banks As far as I know, CHF is fully backed by gold and since the central bank reiterated many times that they will stick to the fixed exchange rateat 1.2
wtf? Not only can no fiat paper ever be backed in a meaningful way to anything, but also nobody claims that anymore. They even gave a referendum on the topic recently to make sure everybody knows.. there is no gold backing the chf and now that is the official view of the swiss voters. Also, pegging to the euro is another way to guarantee that you aren't backed by jack shit. The official stance is to publically follow the euro to oblivion and hope that the citizens can move into coin when the time is right. Wouldn't you do the same if you could issue francs?
Would be pretty neutral over here.
Lol I see what you did there. 
Swiss banks take a percentage of money for keeping your money safe that is the secret of negative interest rate 
As far as I know, CHF is fully backed by gold and since the central bank reiterated many times that they will stick to the fixed exchange rateat 1.2, it should remain at that level for very long time. However, having said that it will not increase, I don't see CHF is also going to drop anytime soon. Thus in a nutshell, the currency is pretty stable as the bank is doing whatever it can to maintain it at that level. Strong CHF is actually bad in the long run for the swiss economy.
On the choice whether to switch CHF to BTC. I will I'll stick to both. Would be pretty neutral over here.
On the choice whether to switch CHF to BTC. I will I'll stick to both. Would be pretty neutral over here.
I don't think they would abandon strong CHF through which the Switzerland gov can easily adopt money policy to adjust its economy!
The Swiss National Bank (SNB) has surprised markets by introducing negative interest rates, and has reiterated that it will continue to defend the 1.20 EUR/CHF floor with the “utmost determination”. This follows a long period of time where the exchange rate has threatened to dip below the floor multiple times.
Their efforts seem to be successful in defending the floor.
If they are so fixated on the EUR/CHF exchange rate, I would have thought they could simply adopt the Euro.
This would have been simpler than specifying a floor and defending it.
Not yet! Adopting this measure is to prevent large capital flow to CHF specially from Russian.Swiss is one of the most stable and economic robust countries whose currency, Swiss Franc, is seen as safe haven, specially when regional unrest or economic turmoil occurs. Ppl flock to buy it! CHF is backed by its fundamental solid economy! What about BTC? I think every one know the answer! Which will you choose, volatile one or stable one?
Bank run time
You can still get a savings account in a Swiss bank. ROI is very small, but it remains positive.
I live in Switzerland. This decision of the swiss national bank (SNB) is not directed at the people but only to the big banks of Switzerland that have an account in the SNB. And these big banks don't have the obligation to put the negative interest on their own clients accounts. They do what they want. And SNB just hopes that the banks put this interest on the account of the real big international fortunes (especially russian) that are buying swiss francs as a strong currency reserve.
In other words, this decision doesn't change anything for the majority of the swiss people...
In other words, this decision doesn't change anything for the majority of the swiss people...
Negative interest rates hmmm.... It sounds good if people love spending money; buy cars, houses, land etc. and get a loan for those. As I saw in my last visit Swiss people love that and everything is fuckin' expensive. So this decision is not 'negative' for you, that means your economy, your curriency(CHF) is getting stronger...
Negative interest rates - for loans it is ok. For CHF funds transfering in BTC - just think - what you get from that ? Very low transfer fees, fast transfer times 
This can be decision, if you know what to do with BTC
This can be decision, if you know what to do with BTC
Negative interest rates? Then I guess it's a good time to get a loan?
It really is disgusting that the governments are so happ to screw over the little guy at every step. Why should Switzerland be pegged to the euro and why should it have a negative interest rate when it is fairly prosperous at the moment? So a few at the top can keep making money... Great.
You are not forced to store your money in that bank. IF you want to keep it safe, then you will pay something for that. You can have it under your pillow and pay nothing for it.
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