Topic: Banks against the crypto - page 3. (Read 12007 times)

Yes man you’re right, bank can take down Bitcoin if they wanted to, but they just don’t want to. I won’t be surprised if there is way that banks are also benefitting from this, while we are here saying shit about them. I just prefer that they keep silent about it, things are okay as it is and Bitcoin or any cryptocurrency shouldn’t be seen as a treat.

Even exchanges in cryptocurrency platform cannot operate without banks, they all have accounts in banks. I’m surprised that some people here are complaining they don’t need bank accounts. Lol.

I think all countries now have an internet network even though they only have a small speed and I am sure that all already know digital currencies such as cryptocurrency except that governments in some countries have prohibited using cryptocurrency so that the use and circulation of cryptocurrency is still not optimal.

Unfortunately for those of you who thinks that banks will be going down, that’s never going to work because banks will always remain in power. And even right now I don’t think that bank is losing anything (if they are losing, it wouldn’t be something much) cause if they are losing anything they would have put up a serious fight that would have quenched Bitcoin and other cryptocurrencies within a few days. Banks are being backed up by the government, so they will always win if they wanted to.

The government is not able to regulate the cryptocurrency market in order to reduce the volatility of the cryptocurrency. Yes, and it is not interested in this.
As for banks, they will work as they have worked before. Cryptocurrency for them is not a significant danger. States will defend the existence of their banking system, so there is nothing for banks to fear.

Not necessarily. Banks will still be the medium to convert fiat into crypto vice versa; they both can be used by the society as they have both purpose, pros and cons. Also, we can't compare the situation of snailmail being replaced by email as banks aren't replaceable

Because of popularity of cryptocurrency and blockchain, banks should adopt and cope-up with it because cryptocurrency can replace banks in the future. Like email replaced the snailmail. If they remain the same, people will not use banks.

bank of central begin research cryptocurrency > bank become to lead of cryptocurrency > then crypto become to be centralization

Well, no matter how prominent Blockchain technology is, Banks will always be on top of everything. This is largely because Banks are backed and endorsed by the government, while cryptocurrencies embracing said technology are not. It's nearly impossible for Banks to disappear anytime soon, given that they're still the norm of finance. Still though, what could happen is that Banks embrace Blockchain technology creating a system of their own where they can manipulate transactions, freeze accounts, and more.

It's much easier for Banks to get ahold of Blockchain technology than remaining with the current old-fashioned system. This is largely because, they can restrict/allow access to their private Blockchain at will (not to mention that tracking money will be a whole lot easier). However, I believe that they and crypto will head their separate ways in the future.

Cryptocurrencies like Bitcoin and Ethereum will prove to be decentralized alternatives for finance, while Banks will remain as the key players of our economy for a very long time. Despite this, they will be rivals for a long time since Banks are against cryptocurrencies themselves (but not their underlying technology). This is mainly because cryptocurrencies provide financial freedom to anyone, whereas Banks profit mostly from their customers' fees.

Nonetheless, with the growing partnerships of Ripple, it's expected that Banks will continue to embrace Blockchain technology in order to transform mainstream finance as we know it. Just my thoughts

It will not happen that the bank will disappear, obviously different from bank and crypto, because we know that not all countries will know crypto. they still use many banks as a necessity for daily transactions. time is needed for crypto to shift banks, to work together between banks and crypto there are still obstacles

Most banks are going down due to very low interest Raye the issue to investors prior to cryptocurrency. Crypto offers the best of benefits that outways that of banks hence most banks are collapsing.

Banks will never disappear, this company's will always find a way to survive so.they will adapt to the crypto market.

The banks are against crypto because the decentralized nature of crypto goes contrary to the centralized nature of the banks. Decentralization takes the power back to the people hence make them assume full control over their finances and all related transactions. The banks fear when the people begin to understand the truth and significance of crypto, there will be a shifted attention from patronizing banking services to crypto.

the bank doing many thing against bitcoin but the case is bitcoin are rising and falling but still strong. bank are use money but no one can trading in bank. people can trade money by using bitcoin as well as income is increasing. it is easy to trade bitcoin. by today most of the countries use bitcoin for their services and goods. therefor bitcoin is easier than using real money in bank. bank can stand against bitcoin in future

Fiat is a very old currency, and cryptocurrency is the future, so when that time comes, that fiat will become priceless because of cryptocurrencies, then we don't need banks. All of the transactions that we are going to have will be faster than ever, it will save more time, energy, and effort unlike using fiat. We could buy anything we want all over the world without using credit cards, debit cards and so on, we are just going to lose it.

We have our Bitcoin wallet, our Nano Ledger, our Hardware wallet which we trusted the most. We don't need physical coins, we need virtual ones, so we could keep it safe from snatchers in the streets, we want to change the future.

The banks are against crypto because they fear the use of cryptocurrencies to make transactions if approved can make the existence of banks useless. Only the future can't tell so let's wait and see.

The government can also regulate the market and the price volatility will be reduce.
It's its nature that it's unpredictable, its because people are trading and the demand will increase or decrease, but with regulation, price manipulation will be eliminated.

That fear makes a big loss from a country because unpredictable prices create anxieties to the government and fear of future losses.

In my opinion the biggest factor is the government that is banned crypto, as we know that currently there are too many countries that are afraid of the development of bitcoin so banned by bitcoin and crypto.

The banks can still adjust to favor the cryptocurrency need of the people in the future but they will no longer remain in power. I don't think banks will disappear just like that because there are still people who are old fashioned like the old billionaires or millionaires.

With the advent of cryptocurrency, banks have nothing to fear. They do not even need to adapt. It will be profitable for them to exchange between a cryptocurrency and a common currency and have their own commissions from it. They will provide other services in cryptocurrency only if it is economically advantageous to them. Cryptocurrency banks can not significantly harm. She will take a bit of profit from the banks, as some people will use the cryptocurrency in some cases. However, the cryptocurrency can not perform the functions of banks. The powers of banks are much broader and there is work for them.