Banks offering investing in Bitcoin | Bitcointalksearch.org

strunberg

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Quote from: svgisawmn on August 18, 2023, 01:58:46 AM

Well, BTC is highly volatile, so I don't think it's a good idea, otherwise you plan to hold it. However, I'm not a big fan of banks. So, my answer is no

I agree with you. That's not a good idea, unless the bank becomes an exchange that profits from transactions within it. But I also think it's still not good because banks have centralized finance combined with a decentralized financial system whose prices are controlled by the market. So I think what makes the most sense is to create a new, different company to run the business.

boty

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Quote from: StreakW on November 26, 2023, 02:00:46 AM

I agree with you that Bitcoin is the best investment. Basically I am interested in almost all types of investment including bitcoin. Specifically, I initially bought bitcoin for short-term daily trading and had not thought about the long term. However, the drop in bitcoin prices at that time forced me to suffer serious losses. However, with full confidence I waited for the price of bitcoin to rise and considered the loss at that time as an investment risk. And when this was all proven, I made a lot of profit when the price of bitcoin rose sharply unexpectedly.

So the reason I was interested in bitcoin was at first to try it, but I was quite confident about bitcoin's prospects in the future.

If we are new to Bitcoin and we trade, of course it will be very difficult for us to make a profit from the trading we do, but it would be better for us to hold it for a long period of time to be able to get a profit from the investment we make in Bitcoin and We can also use the strategy we like in collecting Bitcoin and we must be able to do it consistently.

Really, you have had a good experience in getting to know Bitcoin and it has also been a lesson for you not to repeat the mistakes you have made, when you believe Bitcoin is a good investment for you then you will not be influenced by anything in holding Bitcoin as a long-term investment long you do and you can also enjoy the benefits of the investment.

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Quote from: gunhell16 on August 17, 2023, 10:59:14 PM

Maybe that's not surprising, we know that there will be an opportunity like that when a bank can no longer afford what for them is a heavy competitor, their last option is to ride the trend so they don't go bankrupt or sink into the late

Because other banks think that they are competing with Bitcoin or cryptocurrency, others don't know that Bitcoin or cryptocurrency can actually help their business, it's actually a win-win solution for them.

Later this saying will eventually be the order of the day @if you can't beat them you join them. The opportunity that Bitcoin bring to the business world is certainly enormous and only those that are smart enough can know this and utilitize the opportunity that it present. Some bank are actually aware and willing to let go of the ego and straps in to the wonderful opportunity that Bitcoin can give to their business.

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Quote from: Ricardo11 on September 02, 2023, 10:04:48 AM

Yes Bitcoin is the best option for investment. Because long-term investment in Bitcoin offers high returns. Also Bitcoin is going to get rich again i.e. it will make ATH value of 100k so I think investing in Bitcoin is the best investment option now.

I agree with you that Bitcoin is the best investment. Basically I am interested in almost all types of investment including bitcoin. Specifically, I initially bought bitcoin for short-term daily trading and had not thought about the long term. However, the drop in bitcoin prices at that time forced me to suffer serious losses. However, with full confidence I waited for the price of bitcoin to rise and considered the loss at that time as an investment risk. And when this was all proven, I made a lot of profit when the price of bitcoin rose sharply unexpectedly.

So the reason I was interested in bitcoin was at first to try it, but I was quite confident about bitcoin's prospects in the future.

Renampun

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Quote from: PeRo on June 25, 2023, 03:06:44 PM

Since they couldn't suppress Bitcoin, some banks are now endorsing investing in it. I remember seeing that I could buy and sell Bitcoin (and other cryptocurrencies if I remember correctly) straight from my business banking app when I was working on financials in some company a while ago. Now I wonder, do they just want to enter the market and profit off of it or are there some other intentions? Since they offer an exchange for business users, could it be possible that the system could be used so the government could actually tax Bitcoin by taxing the company investing in it trough the bank account?

Maybe I'm overthinking this, but when banks are involved with Bitcoin it always seems like an attempt of gaining some sort of control over it or push it to be more centralized in some way. And seeing more and more of them getting involved doesn't really comfort me.

What do you guys think, should banks even be in 'the game'?

because the main goal of banks is to pursue profits, it is possible that they have other intentions behind bitcoin, currently the growth of bitcoin users every day is quite large besides user growth, the velocity of money in bitcoin trading is also very large every day and banks must see this phenomenon as something they can't miss, instead of fighting something that can't be stopped, why not use it to attract support to attract more profits (that's their plan imo), in the future we don't know what will happen, currently many banks reserve gold in their vaults, maybe later they will reserve bitcoin in their private wallets.

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@OP, you need to remember that Bitcoin was designed that it can't be changed by banks and banks buying or offering Bitcoin doesn't change anything in Bitcoin's functionality.
Important is to keep your coins off exchanges, note down your private key and if so, it's your Bitcoin and you can spend it whenever you like. Important is to have your private key.

Quote from: PeRo on June 25, 2023, 03:06:44 PM

What do you guys think, should banks even be in 'the game'?

Banks trying to gain something from Bitcoin is just what would happen normally anyways. Everyone will try to profit from Bitcoin and that's also a good thing (game theory). Even if someone doesn't like Bitcoin at all, it's profitable to hold. And after all, profits are important for banks or investors.

Ricardo11

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Yes Bitcoin is the best option for investment. Because long-term investment in Bitcoin offers high returns. Also Bitcoin is going to get rich again i.e. it will make ATH value of 100k so I think investing in Bitcoin is the best investment option now.

Prestongold

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Quote from: Bitcoin_people on August 17, 2023, 09:39:23 PM

Currently, banks are mainly authorized to invest in Bitcoin. We have seen that at one time banks had to work against Bitcoin but could not suppress Bitcoin which is why they are now interested in investing in Bitcoin. But now bitcoin has gained so much popularity that it is easy to do transactions by bitcoin in almost all cases and payments are done by crypto from banks. Since central banks currently accept Bitcoin and can make money by investing in Bitcoin, we can have more confidence in Bitcoin. Because investing in bitcoins is not risky but it will be profitable if you hold it for a long time. And the offers that the banks currently make to traders are good but it is hard to say whether they will enter the market with the intention of making a profit, but the banks are currently investing in Bitcoin and they are making a profit.

as at today we have bank who use cryptocurrency and are known as crypto friendly bank these banks allows their customers to engage in such activities of buying and selling and holding cryptocurency transaction and related activities for a long time majority of established organization such as bank and corpration and government viewed cryptocurrency and blockchain with skepticism but today the reverse is the case

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Quote from: PeRo on June 25, 2023, 03:06:44 PM

Since they couldn't suppress Bitcoin, some banks are now endorsing investing in it. I remember seeing that I could buy and sell Bitcoin (and other cryptocurrencies if I remember correctly) straight from my business banking app when I was working on financials in some company a while ago. Now I wonder, do they just want to enter the market and profit off of it or are there some other intentions? Since they offer an exchange for business users, could it be possible that the system could be used so the government could actually tax Bitcoin by taxing the company investing in it trough the bank account?

Maybe I'm overthinking this, but when banks are involved with Bitcoin it always seems like an attempt of gaining some sort of control over it or push it to be more centralized in some way. And seeing more and more of them getting involved doesn't really comfort me.

What do you guys think, should banks even be in 'the game'?

Well, BTC is highly volatile, so I don't think it's a good idea, otherwise you plan to hold it. However, I'm not a big fan of banks. So, my answer is no

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Quote from: Bitcoin_people on August 17, 2023, 09:39:23 PM

~

Banks do not primarily function as investors; however, they do extend opportunities to their clients keen on venturing into the realm of Bitcoin investments. The pivotal question, though, revolves around whether the bank itself genuinely intends to pave the way for clientele interested in Bitcoin investments, or if it merely aspires to uphold a centralized role in orchestrating the flow of client activity concerning Bitcoin investment.

Naturally, none of us would relish the prospect of the bank assuming a tertiary position, especially given its history of frequently casting shadows over Bitcoin. In fact, in most parts of the world, banks have yet to fully embrace Bitcoin.

Should a bank opt to invest in Bitcoin, it might not pose a significant quandary. The true concern emerges if the bank chooses to monetize its clients' investment activities.

gunhell16

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Maybe that's not surprising, we know that there will be an opportunity like that when a bank can no longer afford what for them is a heavy competitor, their last option is to ride the trend so they don't go bankrupt or sink into the late

Because other banks think that they are competing with Bitcoin or cryptocurrency, others don't know that Bitcoin or cryptocurrency can actually help their business, it's actually a win-win solution for them.

Bitcoin_people

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Currently, banks are mainly authorized to invest in Bitcoin. We have seen that at one time banks had to work against Bitcoin but could not suppress Bitcoin which is why they are now interested in investing in Bitcoin. But now bitcoin has gained so much popularity that it is easy to do transactions by bitcoin in almost all cases and payments are done by crypto from banks. Since central banks currently accept Bitcoin and can make money by investing in Bitcoin, we can have more confidence in Bitcoin. Because investing in bitcoins is not risky but it will be profitable if you hold it for a long time. And the offers that the banks currently make to traders are good but it is hard to say whether they will enter the market with the intention of making a profit, but the banks are currently investing in Bitcoin and they are making a profit.

Jegileman

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Quote from: summonerrk on August 13, 2023, 03:09:11 AM

Yes, now banks have begun to publicly admit that they approve of bitcoin, but this has not always been the case. Previously, they, like all large financial funds, as well as rich and influential people, said that bitcoin is just a toy that has no value. But over time, all of them, including banks, realized that they could do nothing with the number one cryptocurrency and decided that they needed to publicly approve it, because otherwise they would all seem stupid, denying the obvious advantages of bitcoin.

But in terms of investing: I am sure that they (banks and financial institutes) have always invested in bitcoin, almost from the day it appeared.
Why? So that all these influential sharks of the financial business do not speak publicly, but they always perfectly see the potential of financial instruments, including bitcoin.

Some banks have not approved anything like Bitcoin because it is unlawful in the country, and banks have no interest in Bitcoin. since he has no control over them. But, as I see it now, Bitcoin will emerge as the finest in the world, and everyone will want to invest in it since it is the best right now. Even in countries where Bitcoin or other crypto currencies are not permitted, people invest in Bitcoin in secret. Some people claim that Bitcoin has no value, which I believe is due to a lack of knowledge regarding Bitcoin and the benefits of BTC.

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Quote from: Sanitough on August 12, 2023, 12:32:13 PM

When the government decided to accept bitcoin in the banks, first and foremost, investors should be aware that the whole bitcoin investment scenario will be a lot different. Anonymity will never be given emphasis anymore, and that banks personnel will now impose KYC strictly leading them to have an access on our bitcoin account.

I think that list of banks only exists in a few countries that are far from my area if anyone invests in crypto. So far, banks in my country will never provide services to crypto. Because they will deal with the government that has banned it. Although until now crypto cannot be separated from dealing with banks in matters of exchange to fiat money as a transaction tool that I use every day. Although I feel happy with if the Bank starts to enter crypto, it means that the Bank has begun to believe that crypto can give them profits. This can be said to be increasing confidence in Crypto.

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Yes, now banks have begun to publicly admit that they approve of bitcoin, but this has not always been the case. Previously, they, like all large financial funds, as well as rich and influential people, said that bitcoin is just a toy that has no value. But over time, all of them, including banks, realized that they could do nothing with the number one cryptocurrency and decided that they needed to publicly approve it, because otherwise they would all seem stupid, denying the obvious advantages of bitcoin.

But in terms of investing: I am sure that they (banks and financial institutes) have always invested in bitcoin, almost from the day it appeared.
Why? So that all these influential sharks of the financial business do not speak publicly, but they always perfectly see the potential of financial instruments, including bitcoin.

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Quote from: Sanitough on August 12, 2023, 12:32:13 PM

Quote from: ScamViruS on June 30, 2023, 02:49:52 PM

This is definitely good news. But the government always tries to stay one step ahead of its citizens. Governments do not have accurate data on crypto users due to the inability to invest in the crypto market using banks, resulting in no restrictions being imposed on those crypto investors. Now when crypto users invest in crypto markets using bank accounts, the government will have that investor's information and see how they can be taxed. On the other hand, investing in crypto through banks means increasing the number of investors in the crypto market. Which is definitely good for the crypto market.

I hope that the bank will treat crypto users well and not bother crypto users by keeping the various rules and regulations in place.

When the government decided to accept bitcoin in the banks, first and foremost, investors should be aware that the whole bitcoin investment scenario will be a lot different. Anonymity will never be given emphasis anymore, and that banks personnel will now impose KYC strictly leading them to have an access on our bitcoin account. That may be quite unfair for us but what else can we do, that’s part of global crypto adoption. So instead of regretting, maybe let’s just be grateful and accept the reality that banks will never be obsolete and that they will still be part of crypto adoption. However, this is also a good thing because the number of crypto users and investors will surely create a speed increase.

I really don't see a big difference: nowadays, if you want to buy cryptocurrencies using some exchange, you are already required to submit all your documentation, the countries don't let exchanges operate without knowing who is buying cryptos using fiat. I think that maybe few exchanges don't require KYC just if you do trades crypto-crypto, so no fiat involved. Anyway I would never purchase cryptos using a bank, there is no point in doing that and for sure they would apply crazy commissions.

Sanitough

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Quote from: ScamViruS on June 30, 2023, 02:49:52 PM

This is definitely good news. But the government always tries to stay one step ahead of its citizens. Governments do not have accurate data on crypto users due to the inability to invest in the crypto market using banks, resulting in no restrictions being imposed on those crypto investors. Now when crypto users invest in crypto markets using bank accounts, the government will have that investor's information and see how they can be taxed. On the other hand, investing in crypto through banks means increasing the number of investors in the crypto market. Which is definitely good for the crypto market.

I hope that the bank will treat crypto users well and not bother crypto users by keeping the various rules and regulations in place.

When the government decided to accept bitcoin in the banks, first and foremost, investors should be aware that the whole bitcoin investment scenario will be a lot different. Anonymity will never be given emphasis anymore, and that banks personnel will now impose KYC strictly leading them to have an access on our bitcoin account. That may be quite unfair for us but what else can we do, that’s part of global crypto adoption. So instead of regretting, maybe let’s just be grateful and accept the reality that banks will never be obsolete and that they will still be part of crypto adoption. However, this is also a good thing because the number of crypto users and investors will surely create a speed increase.

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Quote from: PeRo on June 25, 2023, 03:06:44 PM

What do you guys think, should banks even be in 'the game'?

Yes. Currently, the presence of banks also plays an important role in the world of money market, I will give a small example, if someone wants to trade on the stock exchange, where all the rules he has followed. for example, for deposit, of course he will look for which bank is recommended on the platform he has registered. Then he sent some fiat to the account and entered his trading account. then he bought some coins he likes for example BTC and for wd too. Well, here the Bank also has an advantage too because at the end of the year they know the total amount of funds that have stopped by on their platform, both from the public or crypto users of course.

So for a bank that wants to be more involved although there's implied to get some kind of control that then pushes it to become more centralized in some ways I think it's a bit less straightforward there's a lot of looking back on meaning adaptation is needed to align with the digital finance ecosystem and governance which ultimately also maintains financial system stability.

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Quote from: Oilacris on August 11, 2023, 05:57:35 PM

Quote from: n0ne on August 11, 2023, 05:41:50 PM

Quote from: usekevin on August 11, 2023, 05:34:24 PM

Banking system try to suppress the bitcoin over a decade,but it was not possible one.Because the bitcoin had root the world economy now.Most of the people from various country had their investment in the bitcoin and other cryptocurrency.So the economy activities was purely depend on the cryptocurrency now.Most of the big shot had their money in the cryptocurrency,Elon was the big example for this.He made the huge influence on the doge coin.Doge coin had huge investment for certain period of time.

People were looking for better things from the traditional money. The same have made people to go towards bitcoin and other investments. Bitcoin investment is always the best and people should have the patience to enjoy the goodness out of bitcoin. This doesn't happen with people who who lack the market movements as well as the people who lack knowledge about bitcoin. Now the awareness and education have given space for people to be aware and hard users of bitcoin. This is why banks have begun and the understood that delaying the acceptance would cost them big

Whether they would really be engaging it early or late, it wont really be still that changing a thing because even if they would be integrating Bitcoin investment or storage, then i dont really believe that

people would really be longing with this kind of offering or feature for these banks to have. We do know that people who do love and appreciate Bitcoins anonymity and decentralization wouldn't really be looking on trying out to make use or would really be adopting if in case that banks would really be having this kind of offering or feature which it would really be just that still useless knowing on how
centralized or heavily regulated these institutions are which would really be entirely removing the essence of Bitcoins characteristics or purpose in the first place.

Well, there might be still some crypto supporters or enthusiast would really be tending out to make use for this one in planning to have at least that safe keeping but in overall
it is really just that contradictory.

These banks are really kind to "offer" us Bitcoin services, don't they? attempting to attach the unruly horse known as Bitcoin to the unwieldy cart of conventional banking. Well done! The fundamental charm of Bitcoin lies in its independence from established organizations and their deceptive methods. For the "safety" of a bank, who in their right mind would voluntarily give up the very thing that makes Bitcoin special? Its a pathetic attempt by banks to remain relevant in a world that is changing quickly without them, and its incredibly ironic. Keep in your lane, banks!

gunhell16

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Well to be honest, here in our country there are other banks that will gradually be open to cryptocurrency or Bitcoin, I remember before when I applied for an open account and I was asked what my source of income was when I said that Bitcoin up trading or cyptocurrency they did not immediately allow me to open an account even though I had money with me.

But now the bank I'm referring to I found out that they allow Bitcoin or crypto enthusiasts to open an account. I just laughed when I found out, I thought that there was nothing they could do but go with the flow of the water or else they would be abandoned or even closed if they didn't do it.

Topic: Banks offering investing in Bitcoin (Read 1160 times)