Topic: banks investment and the crypto world (Read 413 times)
Well bank and cryptocurrency both function to stabilize economy in a country. banks see the crypto world as a great avenue for earning money too. Although cryptocurrency investment comes with risks than bank investment, I will choose cryptocurrency investment over bank investment.
Its really good to know that banks are now getting to know the potentials of crypto that they've decided to venture into it. Though bank investment is the safest but you can compare the profit in bank investment to crypto investment.
Banks have two types of investments that is depositing and investing,so both have different risk level.All the people think that depositing their money into the bank account is safe but it actually the most useless depositing because the long time investment as fiat money will kill its value because of inflation and also many governments have such policy that they an take the users's balance if they made serious loss in their stocks so know your bank's policy before saying that is safest.When comparing with that the crypto investment is much profitable with the considerable amount of risk level.
Well, it is true that banks are curious about the crypto industry and not everyone from the banking sector believes that crypto is going to kill banking. However, everyone agrees that change is about to arrive and banks must transform their services and optimise it in order to survive in this transformation process. Probably that's the reason why some banks have already started their blockchain R&D departments and testing this technology.
Its really good to know that banks are now getting to know the potentials of crypto that they've decided to venture into it. Though bank investment is the safest but you can compare the profit in bank investment to crypto investment.
banks and crypto has a very urgent function for economic stability. but, I see today many banks are interested in saving their assets on the crypto world.
call it south Korea, it was reported that the local bank's virtual account balance reached $ 1.79 billion, but this year their assets are low, I think the market in 2017 makes people speculate.
on the other side, the Korean government makes preventive and educative measures by limiting the age of investors, the purpose is to make the crypto market easy to control and transparent.
so, the value of bank assets in the crypto world is still low.
South Korea is very adaptable with the advancement of technology including the matter of cryptocurrency. And i think this is just one of their effort to use the advantages of crypto. We can not deny that right now, its true the value of bank assets in the crypto world is still low. But, as a person who believe in crypto technology, im sure in the next 5 years at least, there will be more bank assets in the crypto world. call it south Korea, it was reported that the local bank's virtual account balance reached $ 1.79 billion, but this year their assets are low, I think the market in 2017 makes people speculate.
on the other side, the Korean government makes preventive and educative measures by limiting the age of investors, the purpose is to make the crypto market easy to control and transparent.
so, the value of bank assets in the crypto world is still low.
South Korea are very open in adopting the development of cryptocurrency. They are advance thinking about crypto world and on how crypto help their economic growth that's why even banks are trying to engage in crypto. Well that's great and hope that one day banks will have a correlation with crypto currency not only in one country but all over the world.
so, the value of bank assets in the crypto world is still low.
This is just an excuse from all that exists about Cryptocurrency and definitely going forward will be better.
Just imagine we can compare with GOLD who has been in the mine for decades but its value will soon be in salit by Cryptocurrency who was born from 2009.
We will not know what it looks like but South Korea is an example of a good country.
That's an interesting post. I've recently heard that South Korea has recognised cryptocurrency as regulated banks. It is good to see the countries gradually opening up to cryptocurrency.
I think crypto investment is the best compare to bank investments because in crypto investments all the your fund are been managed and control my you compare to bank account where by our investments is centralization and controlled by the management, this really makes it difficult when you want to get your fund back because it involves third party in crypto there is no third party.
Just don't forget that people don't used to manage their money (in the western part of the world) and it's totally acceptable for them to trust a third party to manage their finances. For those who has no banks yet in their country, cryto will not be such a huge change, but for the EU and USA, there should be something, that make people accept this change. To change people especially in connection with money, it's not an easy job, so crytpos need to offer such advantages to let people accept this change easily.
In every thing in life to become successful, you most take a step with a high risk, many people go to bank for a long period of time as fixed deposit account, which give a return with a little interest, hence we are now Era of technology where Crypto play a fantastic goal, with a the same account, which gives a great return.
I think crypto investment is the best compare to bank investments because in crypto investments all the your fund are been managed and control my you compare to bank account where by our investments is centralization and controlled by the management, this really makes it difficult when you want to get your fund back because it involves third party in crypto there is no third party.
I think the market in 2017 makes people speculate.
Yep, you're right. We thought things were gonna be the same forever and that something of this sort (what has happened to the market currently) could not happen. Well, maybe we're in for something bigger than before, but anyway we've been thought a lesson as well.
Yes I also believe that the value of banks asset is much lower than the value of crypto world. Bank employes are saving their asset in crypto market but this is not flashing much.
Both of them have their own advantage as investment purpose.
If we talk about bank , it means something legal but if we talk about cryptocurrency, not all country agree to categorize it as legal currency.
So overall it's depend on how many demand especially on cryptocurrency
If we talk about bank , it means something legal but if we talk about cryptocurrency, not all country agree to categorize it as legal currency.
So overall it's depend on how many demand especially on cryptocurrency
The central bank uses interest rates for the funds it provides as a jack to ensure price stability. The imposition of crypto currency threatens this model because banks are no longer required to broker funds and no central bank guarantees price stability. so it's as good as investment place in bitcoin ..
Someone saying that banks are afraid in crypto because in the first place banks didn't understand the really meaning of crypto but at the end we know that step by step that banks embracing and accepting in their business the cryptpcurrency because in my country some of banks are accepting crypto and know how it importance to adapt also the new technology like the cryptocurrency.
The crypto currency and the banks are interrelated to each other very strongly. Now a days many banks are being interested for saving crypto for economic stability.
Yeah bright. The value of the bank's asset for crypto world is low, maybe because the price is low in the crypto market. But, I think in the future, the situation has to be changed.
That is really great to see such positive steps taken by South Korea towards crypto. I think if the banking system can collaborate properly with crypto then this will be really great. I want to see crypto as the future currency.
Banks are really waste put your money there you want to make the money means please go crypto currency which top in the market now. You will be get the profit with in some months once the coin value grow bigger in the market.
I see the banks are like shit. I do not have any huge fund on banks. To say exact comparison I have more money on crypto wallet than bank account.
This is indeed a good news for the people. Given that the banks has the capability of a huge investment, it will definitely be a good thing for the crypto currency market. As a result, this will help the market to recover from the dip, at the same time, the market will be engaged in an constant operation.
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