Does anyone (staff and non-staff) have any insight to what the effects of negative interest rates would be on free brokerages?
If banks start charging a monthly fee or passed on the negative rate, I would be tempted to hold the majority of my money in brokerages, both invested and uninvested. But I would guess that brokerages would also incur a cost on uninvested cash that would potentially be passed on.
Does anyone have better knowledge on this sort of situation?
Why a lot of people are now using crypto as a store of value
He means money stored by the brokerage which is not in crypto
Crypto, and really any investment, is a bet against cash. But cash is still the base ânon-volatileâ asset. So Iâm really
just trying to work out where would I allocate my cash type asset in a neg rate environment.
Iâm guessing the ultra short bond etf, but I was wondering if uninvested cash on T212 would be a better option.
I know lol was just saying itâs why a lot of people are choosing crypto. Currencies will be devaluing soon enough with all this money being printed out of thin air for COVID-19.
In regards to funds being charged by brokerage, at which value and length of time will free funds need to be in your account before being subject to a charge?
I find it funny really.
The government and banks screw us over and use our money to line their pockets with juicy bonuses all while sending us running around in circles chasing our tails trying to figure out what to do with the money we save.
Can hardly imagine it really. PAYING to hand over our money.
Welcome to sub 0% interest rates for the foreseeable future.
Lol, all you can do is laugh really.
It makes me wonder if money even has a value at the end of the day.
For us? No. For the banks? Absolutely!! Cryptos will replace the banks sometime in the very near future!!
It really wouldnât surprise me. I almost hope it will.
There was a brilliant talk done by Dominic Frisby on youtube. Highlighted a few cool points on how currency evolves over time etc, and made a good argument why crypto is here to stay and more than likely become the top dog.
Canât be any worse than the mess we already have.
I mean just take the new UK bank notes ⌠whoâs idea was that plastic mess.
Bring on Crypto!
-edit-
Also - how bloody typical the FCA bans crypto trading - but the likes of x3 or x5 leveraged products can be bought up by the retail crowd. They are WORRIED!
Haha
Lol you think thatâs bad? Try living in Northern Ireland where weâve got 3 or 4 banks each printing their own on plastic 
lost count how much times Iâve mistaken a ÂŁ20 for a ÂŁ10
no they wonât 
far future perhaps.
cryptoâs still donât have mass-market appeal or access. too many people would not want their âmoneyâ to be held in the form of a âvolatileâ digital currency. they expect to get back what they paid in and because majority of people still arenât educated around the concept, banks will continue to be the favoured medium of storage for those who donât know to withdraw those funds elsewhere. itâs going to take a long length of time or some great depression/ northern rock scenarios to shake more people confidence in the banking institutions.
you canât pay your bills with a crypto 
Good points under normal times, but look how many people have migrated over to trading that would otherwise not bother.
I think desperation and contempt for the âsystemâ will create a new wave of investors rush to crypto in the same way they have this year to the stock market.
absolutely, but thats still the minority of people so far. I tried to talk my coworkers into making better decisions with their money and out of over 40 I know, perhaps only 2 of us do any form of investment or hold our cash in a non-bank/non-physical currency that isnât a workplace pension.
You can indeed pay your bills with crypto 
have been for the last 3x4 years. What people donât realise is that although their money in the bank is still the same number they put in itâs becoming worth less than it was as the cost of living etc rises. Banks are still living in the stone age with its payment systems. Blockchain is being implemented by world banks to catch up. Iâm a big advocate of crypto as itâs a p2p transaction without scrutiny, costs and timescales of trad bank
Youâve also got stable coins to hedge volatility in markets should you think itâs gonna drop significantly. Itâs worth noting btc wonât be the main player for everyday use, transactional use cases etc. Itâs a store of value more than anything now. I accept crypto in my shop and offer a 5% discount for every purchase made using it.
its the public perception issue. people like the familiar and often distrust the new. the more we tell someone the sky is blue, the more they will lash out and argue its grey. when people hear crypto they think of bitcoin, ripple etc not the âstablecoinsâ which are essentially just digital currency that they are used to using except that it has no physical version for them to withdraw at the ever decreasing ATMs.
Thatâs the beauty of it all trust the untrustworthy and discredit the future. I was doing a crypto event and having to explain crypto to a group of elderly was a challenge
Governments have a monopoly over money whatever anyone is saying
Brokers can not store clientsâ money in crypto assets
Money stored as crypto and store of value are 2 different worlds xD
But I can totally see why people flee the fiat currencies
No youâd want to store them yourself in cold storage (offline).
The crypto is a store of value in itself and personally speaking itâs a better currency to use than fiats