Apple, Amazon and the collapse of all Banks - page 2.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: davis196 on March 31, 2021, 12:40:14 AM

Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

3) All banks will collapse

Do you think that all the banks rely on Apple and Amazon in order to survive?
I think that all the banks(at least in the USA) rely on the Federal Reserve System,so when the Federal Reserve stops the money printing,negative interest rates and quantitative easing,all the US banks will eventually collapse.Apple and Amazon have nothing to do with this.
I guess that you are just trolling.Am I right? Grin

I wouldn't call that trolling. He's just said what he thinks without backing it with actual evidence.

But the key is not central banks and the Federal Reserve, the key is that Google and Apple are going to offer banking services that will compete with the banks. Today, with cell phones, you don't need banks. That's apart from Bitcoin.

The banking business as we know it is dead.

davis196

hero member

Activity: 3150

Merit: 937

Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

3) All banks will collapse

Do you think that all the banks rely on Apple and Amazon in order to survive?
I think that all the banks(at least in the USA) rely on the Federal Reserve System,so when the Federal Reserve stops the money printing,negative interest rates and quantitative easing,all the US banks will eventually collapse.Apple and Amazon have nothing to do with this.
I guess that you are just trolling.Am I right? Grin

famososMuertos

legendary

Activity: 1918

Merit: 3047

LE ☮︎ Halving es la purga

Quote from: remotemass on March 30, 2021, 12:57:58 PM

...//...:

It seems hard to believe but banks would collapse for the effect the small users in massive withdrawals, who in that sense will cause the true adoption, the institutional ones on the other hand today have a great influence on the price who in turn in this effect drive away ordinary citizens to acquire bitcoin, in short, there is an effect there that makes banks not collapse, for now.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

I don't think the bank will collapse totally as you said, the government own the bank and can easily print money to support it existence since the central bank control government finance's. But again Fiat will lose value to bitcoin and other digital currencies.

Yeah I don't think so too because the more I know how deep the roots the banks have on the world economy, the more I think that the possibility of them collapsing is going to get more unreal, I mean if banks were to collapse bitcoin has to fill in all the gaps that is going to get left behind by that collapse and I know for a fact that the gap is going to be big.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

3) All banks will collapse

I don't see anything than can cause collapse of banks this soon, Specially now that Biden is strongly pronounced about the strengthening of Dollars meaning this will Involves banking system.

But lets see if this comes in our favor.

777Jolami

member

Activity: 700

Merit: 14

Quote from: ?? on ??

Apple Wallet already thinking of converting to crypto, a matter of time

Perhaps this will happen sooner. They are definitely taking it seriously. When the units with great reputation in the world have started to include bitcoin and crypto as payment methods such as Visa (USDC), paypal (BTC, ETH, LTC, BCH), Tesla and there will be many more. Bitcoin is gaining popularity and gradually changing habits to become a global payment method.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Hey, I'm just waiting for 1 to happen now. As for 2, well I'm not really one to concern myself with the fight between these two companies so that's that.

As for banks though, it's a system that has helped us manage and organize stuff in the beginning, but it well killed itself over the past few decades, and slowly at that. The ones in control should have seen that, and it seemed like it was only noticed when it was too late. Add that to how people have taken for granted the system we have now, which is why some people have narrow vision in terms of what to do in the future.

Innerpumper

member

Activity: 1021

Merit: 12

The financial industry began to turn to cryptocurrency. I'm sure banks will decline even if it won't bankrupt them especially if brands also use bitcoin as their best friend won't collapse.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

So you are saying that Jeff Bezos will fall in love with Tim Cook? Lol

Anyways, kidding aside. To achieve the $100k this year in BTC, it should be a significant company to gain even more crypto adopters. Once the leaders of these powerful companies provide and show that their company is interested in applying crypto as another fund type or something, then I think banks will decrease in power, but they are definitely going to be desperate.

pooya87

legendary

Activity: 3472

Merit: 10611

As long as the centralized government exists and is printing money it will bail the corrupt banks out and keep them alive while ruining the economy and devaluation fiat and the worst part is that people don't care, they only complain and do nothing.
With bitcoin growth and adoption I don't see anything changing either. Bitcoin will be the alternative way of payment while the banking system runs rampant.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

They can happen in the future. It is very realistic and reachable missions.

Quote

3) All banks will collapse

It won't happen. Banks won't disappear because of bitcoin or cryptocurrency. Banks are safer than stable coins. Obviously I am talking about CBDCs that are released and supported by big nations. Big nations can collapse but the risk and probability for such are smaller than risks and probability of collapse for companies of stable coins.

Bitcoin, altcoins, fiats, stable coins (another type of altcoins) and other assets will exist in this world.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: Renampun on March 30, 2021, 03:07:37 PM

the news about Apple and Amazon buying Bitcoin is highly anticipated...
instantly the Bitcoin price will definitely 'explode' for a moment if they announce it. Regarding the Bank, I am not sure about the success of the 'printing money' that they continue to run 'lol'.

It's not even "news". There's a huge difference between actual news, and just having a speculation article posted on these so called bitcoin/crypto "news" platforms.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: Charles-Tim on March 30, 2021, 01:04:58 PM

No matter what happen, the governments will try all means to regulate bitcoin and other decentralized cryptocurrencies in a way it will not have effect on fiat or the upcoming CBDC. All I know is that bitcoin will continue to progress, while fiat/CBDC also will find their way to remain benefitial to the economy, even despite being an inflationary currency.

The government will surely save the banks for economic reasons. They should have to protect the banks and help them not to stop in operation just because these banking institutions help them to survive also and if they were gone, their income also will be lessened.

This is one reason why the government never wanted to give support on crypto as they can't get any from holders unless that they will urge people to state it on their assest and included it in their taxes. But I'd never think that people will like it to do so knowing that they can save a lot by not including it as one of their assets.

seoincorporation

legendary

Activity: 3346

Merit: 3125

Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

Apple is the company with the biggest market cap in the world and looks like it doesn't like bitcoin at all, they can't take that risk.

Quote from: remotemass on March 30, 2021, 12:57:58 PM

2) Amazon will fall in love with Apple

This is a funny declaration because I can't imagine the amazon web service running MacOS Grin

Amazon is in love with Linux and that will not change.

Quote from: remotemass on March 30, 2021, 12:57:58 PM

3) All banks will collapse

It will happen... who cares about when or how? doesn't matter, at some point it will happen.

Renampun

sr. member

Activity: 2338

Merit: 365

Quote from: LFC_Bitcoin on March 30, 2021, 02:01:21 PM

Quote from: remotemass on March 30, 2021, 12:57:58 PM

...

I hope Apple & Amazon publicly declare that they are or have already bought bitcoin. That’d really make the price explode upwards.

Your third point is happening regardless. They are committing their own suicide with the constant money printing.

the news about Apple and Amazon buying Bitcoin is highly anticipated...
instantly the Bitcoin price will definitely 'explode' for a moment if they announce it. Regarding the Bank, I am not sure about the success of the 'printing money' that they continue to run 'lol'.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Not that I know of, it's most likely they'll just adapt into it and just be in unison but of course if they continue the traditional way they'll just be there. I don't think this is gonna happen in the short term nor it will ever be, there are still people would go with the not risky kind of things and live with insurances that banks could do. I'm not pro bank here but I'd say they'll find a way not to, they're not that naive I suppose.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Bitcoin adoption would need to increase by many orders of magnitude in order for it to pose threat to banks. Also, we're witnessing right now very specific kind of centralized adoption by big players, which isn't really bad for banks - banks could easily offer Bitcoin custody services and run fractional reserve banking on Bitcoin. Without masses actually using Bitcoin in p2p way, no revolution will happen.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

3) All banks will collapse

I hope Apple & Amazon publicly declare that they are or have already bought bitcoin. That’d really make the price explode upwards.

Your third point is happening regardless. They are committing their own suicide with the constant money printing.

Stedsm

legendary

Activity: 3052

Merit: 1273

Again an "unofficial debate" over Bitcoins vs Banks.
Bitcoins are an asset and whatsoever happens with its price, it will be driven just with the use of fiat and not other crypto. This means that fiat and crypto will need to go hand-in-hand in order to remain successful because crypto is an asset class and not currencies, so I believe we should rename the cryptocurrencies 2.0 as cryptoassets because currencies are such traditional fiat ones, that are being crushed badly by crypto but in the end, we still need fiat be it physical or digitalized, in order to evaluate crypto in a much better way. Banks will collapse? I believe it's the Bank that is printing enough money to be given as a stimulus to US citizens and actually "encouraging" them to invest in crypto.

jonval21

full member

Activity: 588

Merit: 111

I love the Cryptocurrency world

The banks will be part of the governments, that is the only reason they will survive, unless their Chief JP Morgan gives them new guidelines to change their corrupt system and try to eliminate the debt that it generates in an inflationary economy, it is difficult that It happens, Powell can't yell at them to buy crypto, but in his appearances more than once he has suggested it. APPLE will not be left behind, what we do not know is if they already own Bitcoin, when looking at the BTC / USD graph there are many purchases, it is not ruled out that they are buying stealthily.

Topic: Apple, Amazon and the collapse of all Banks - page 2. (Read 423 times)