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RE: Cryptocurrency 2017 Price Predictions And Fundamentals

in #money7 years ago

I know a lot of people who keep national currencies, here in Brazil we are in crisis, and I always talk about investing in crypto-coins and who does not own houses to buy, because the government may want to take all the money out of the accounts, and let it go. And if it were to invest in crypto-coins as they are secure forms, there would be no such fear. In 1990 President Fernando Collor formulated a plan with a radical package of economic measures, including the confiscation of bank deposits and until then untouchable savings accounts of Brazilians were confiscated, and Brazil plunged into hyperinflation.

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In 1990 President Fernando Collor formulated a plan with a radical package of economic measures, including the confiscation of bank deposits and until then untouchable savings accounts of Brazilians were confiscated, and Brazil plunged into hyperinflation.

1990 is 27 years over, let's hope it won't happen again! If you now trust Brazilian Central Bank, you can store Brazilian reals in the national government bonds. Crypto currencies are a financial pyramid scheme, so to keep money in them would not recommend more than 10% of the savings (IMO).

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