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The need for the Plan ฿ (part 2): On the decline spaarrentes and bitcoin BTC Direct

Bitcoin and the economy are inextricably linked with each other. The cryptomunt is being developed as a response to the economic crisis of 2008. For many, it must have bitcoin, therefore, if the Plan ฿.
At this point, it seems to be economically good for a while, but more and more signs point to a recession. As of today, we explain why each and every Tuesday, one of the subjects in the macro-economy is growing. In order for us not to forget why bitcoin was developed.
Last week, we talked about the real estate market. We will continue this series with the ever-decreasing spaarrentes. You’ll find it now, maybe it’s not, but it really evaporated, and you have money slowly, once you get it on the bench, never mind. In this article, you can read the reasons why.

Spaarrentes to be getting lower and lower

The declining savings rate, it is referred to as the incentive valuation. The European Central Bank (ECB), the disincentive to save, and wants Europeans to have more money. But in the meantime, there is little room for interest rates to be lower, now, almost 0 percent of the time.
The data given in the chart below was taken from The Dutch central Bank (dnb, the central bank of the country:

The upper blue line represents the rate of interest on deposit accounts. The deposit is open to you when you place your money for long periods of time and want to freeze it. The downside is that you have come to the end of the term at the money. The advantage of the higher interest rates. Although it is high, with an average interest rate of a deposit now to 2,19 percent. That is, it is about the same as a normal savings account in december 2009.
The bottom line is you will see interest rates on regular savings accounts. The average savings rate is now at a historic low, only 0.09 percent of the time. As a plus, then. And even that is no guarantee anymore.
In the meantime, there are even accounts with no interest. Triodos bank has had the dubious distinction of being the first bank with an interest rate of 0 per cent. That’s right, no interest…. Also the van has no savings interest rate and more.
At this time, the deposit facility rate of the European Central Bank, all of-0.5 percent. Banks short-term funds from the ECB, like barns, are required to have the money resolution. And that raises a whole new debate, which touches on this?

If there are negative spaarrentes in the Netherlands.

A negative interest rate is a big psychological step to take. Banks are set up in this step, it is preferably to retain customers. The step is Developed in order that no interest is to be determined in regards to that, so it has already done this. In Belgium, the negative spaarrentes at all, is prohibited.
However, it may happen that a bank has a negative savings rate is going to rely on. At the end of september, it told the Minister of Finance, Wopke Hoekstra, and that he does not intend to make such a prohibition in a negative interest rate is to be set. “A negative savings rate for us consumers is not yet in order,” as the reasons he did.
However, there are banks that will be playing with in this idea. Thus, consider-ING chief executive Ralph Hamers in a negative interest rate on savings in. Well, it fits, in any case, for all to see: “The question is: are you going to a negative interest rate charge on the money in savings or are there other ways to compensate.”
The Volksbank to close with a negative savings rate does not matter: “It is clear that people have a negative savings rate like. That would be the depositors, not, like that of the banks. But you can never rule it.”

Why is it that the negative interest rate problem?

That is, the rate of interest falls, it is not the only problem. Meanwhile, the prices of products will rise, that’s inflation. The rate of inflation in september 2019 at the latest, in the Netherlands was 2.6 percent, is much higher than the savings rate.
In other words, supply of money in your money in the bank and leave it alone. In the chart below, you can see that it is good. You can see that the savings rate (orange) is plotted against the rate of inflation (in blue):

From 2016 onwards, the ratio is skewed. However, since you are still getting the interest received on your savings account, it is not that you are sneaking you a lot of money to throw away to you. With a negative savings account of sound only more alarming.

What if there was a negative savings rate is?

What do the Dutch have a negative savings rate is? The netherlands Authority for the Financial Markets it has studied. Only 12 percent said that they would put it into a fairly usable savings account and leave it alone. Others have opted for:

Physical storage (in the well-known ‘old sock’) (34%)
Investment (20%)
Debt repayment (18%)
Bank deposits, savings (11%)
Publishing (5%)

However, the AMF has forgotten something. There is a currency in which you do not, interest will receive, nor have to pay for it if you’re in the store. With bitcoin, you are not dependent on the policy of the central bank. You are, in fact, your bank account, you will decide for yourself what you think bitcoin is done.
A good benchmark is the Return-On-Investment of bitcoin. If you bought the previous year in bitcoin, you would have a rate of return earned by more than 30 percent of the time. That doesn’t have the money to keep it in an old sock!
Part 1 is missing? Click here to read about the real estate market.

About the author

Jeremiah Faber

Jeremiah Faber

Jeremiah is an explorer by heart – both in the physical and the digital realm. A traveler, Jeremiah continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Jeremiah and through his business acumen has gained financial profits as well as fame in his business niche.