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RE: How much STEEM does an absolute passive investor make in 78 days?

in #exyle6 years ago

It seems likely that a lot more Euro will be printed in the years to come. There will be more Steem too but its a relatively small amount and we know about it. Having seen how close the Euro came to collapsing in the banking crisis and during the Greek debt crisis, it surprises me that people are happy to stay 100% in the Euro and not even risk 1% in cryptocurrency. That's not being negative about the Euro, most fiat currencies are probably much more risky than people think. Cryptocurrency is risky too but at least we can do research and see how it works, we know very little about how the fiat currencies will be managed in the future but it seems highly likely that the printing presses are going to be kept busy.

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If you expect the Euro to actually die and be replaced by going back to local currencies, it makes sense to buy the Euro and deposit that in Germany. If large investors believe that, the Euro would go up in value (as it has been doing) BECAUSE it is expected to die and their Germany deposits would shoot up in value when converted to German local currency.

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