big banks going against crypto - page 2.

Falgorn

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Quote from: Rounaksarkar on June 10, 2019, 11:41:43 AM

If I keep money in the bank, then the bank will give me the interest. But the bank will give my money as a loan to anyone else without asking me. That does not bitcoin. There are limited withdrawals and deposits in the bank. But there is no bitcoin that I can withdraw as much as I want. And Bitcoin Security is more than the bank. For which I will keep the money in Bitcoin.!!!!!!!

In my opinion, everything is logical. The bank gives you interest on deposits precisely because it uses your money and shares its profit from the work of this money. As for Bitcoin, its price cannot grow all the time. The time will come when it will no longer increase. Banks will always work and pay dividends on deposits.
Large banks will oppose cryptocurrency until it is legalized by the states. After that, they will adapt to the new conditions.

bitcoin-shark

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i also don't like banks in general, they give almost no interest in money, although they use them to invest them, in fact they make you pay even for the smallest service,banks are against the crypto because they steal potential customers if you want to switch to crypto i would recommend bitcoin or some stablecoin...

nicecrypto

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I really don't think i would want to swap all my fiat currency into crypto for the very obvious reason of volatility, yes crypto is given back power to the people to be able to have control of their assets but there are still lots of work to do to bring it to the level where everyone will feel comfortable to store their values with,
I think if at all i will consider this, then i will be chosen one among the stable coin in the market, i can't afford to get my emotions up when btc goes into bearish mode Roll Eyes

goaldigger

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Quote from: alexyong342 on June 07, 2019, 11:13:42 AM

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?

I will definitely use Bitcoin for long term purposes but i dont think banks are against crypto since there are no official statement of them about the issue. Traditional banka seems odd but i know that banks and crypto will get along together in the future since they are both particular with currency and investment.

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Quote from: xCrypt on June 10, 2019, 06:25:21 PM

Banks can't fight crypto forever , they will go with the trend eventually and right now they are trying to control crypto space !

It's either they adopt and join it or continue be against it. But as long as the money is flowing in to crypto's that will encourage them to get into it. They just can't miss the part of being with one big industry because it can also help their industry grow.

Quote from: Altero on June 10, 2019, 05:37:26 PM

investing more in crypto will seems to profitable at this time than of real assets.

I won't argue on what's more profitable and not but I'll be sure with what I'm investing and can't miss both ends. In short, real assets + crypto combination is an ideal investment.

iMark

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Quote from: klaaas on June 10, 2019, 12:33:37 PM

Quote from: Rounaksarkar on June 10, 2019, 11:41:43 AM

But there is no bitcoin that I can withdraw as much as I want. And Bitcoin Security is more than the bank. For which I will keep the money in Bitcoin.!!!!!!!

Indeed it is a 3rd party with there own interests on the first place and gaining profits over there customers back. Sure they will fight bitcoin where they can.

There is no limit in bitcoin, that's what makes bitcoin always survive from the attacks of big banks. You can withdraw whatever money you want to use Bitcoin, while in banks there are limits to spending and attracting. I think that's also what makes banks hate bitcoin, by the way the bitcoin system will always win in compared to centralization from bank

acroman08

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this topic is already exist in economics and what's worse is that you just copy pasted it. link: https://bitcointalksearch.org/topic/m.51384404
Mod will most likely delete this thread.

Caladonian

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Quote from: umbara ardian on June 10, 2019, 10:22:05 PM

Quote from: alexyong342 on June 07, 2019, 11:13:42 AM

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?

No fintech banks will disrupting traditional bank . but, when i want sweep my funds into cryptocurrency, Of course i will sweep into Bitcoin and hold it for along time without doubt anything.

For long term investment I'll agree to move my money into BTC but I'll also add ETH 80% for bitcoin and 20% for ethereum, the wait will be
fruitful when another bull will bring everything high, progress and more adoptions will make your investment to grow more while holding this
two specific coins, another year or two for me will be the time frame to see this.

Ryan Dugan

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Quote from: Altero on June 10, 2019, 05:37:26 PM

I like what @dothebeats did, investing more in crypto will seems to profitable at this time than of real assets. It is just to open up our mind and be very resourceful of anything we can do to generate money as a source.

Quote from: ?? on ??

in my opinion, to use all assets for crypto, of course, it is very risky, as well as only a few assets that are used as crypto assets, in my opinion, it is clear that bitcoin is the main choice for crypto assets or altcoins, I suggest binance coins.

Yeah, investing in crypto is risk and we know it since before but somehow we need to be along the risk cause that's the only we can make this things right. Choosing the right coin will be a best solution for not losing our funds and I'm preferred to put my money into top 10 altcoins rather than of seeking into cheap coins.

To me it is not so much of a risk but more of a matter of getting on board. I believe very strongly and just know that the bitcoin I hold today will be worth much much more in years from now. I want a good life for myself in the future and that is why I keep most of my crypto currency in bitcoin.

umbara ardian

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Quote from: alexyong342 on June 07, 2019, 11:13:42 AM

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?

No fintech banks will disrupting traditional bank . but, when i want sweep my funds into cryptocurrency, Of course i will sweep into Bitcoin and hold it for along time without doubt anything.

muratsink

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yes. traditional banks will be defeated by a decentralized system. the bank will die. to convert fiat for crypto is our problem today. Application services are also limited. but maybe in some countries you can use bitcoin ATMs. or we can use other services such as Luno or Coinbase. in my opinion BTC and ETH are the best investment places until today.

xCrypt

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Banks can't fight crypto forever , they will go with the trend eventually and right now they are trying to control crypto space !

kawetsriyanto

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Do I only think that between the title and the contents of this post is not connected?
However, in essence, there are now many people who have diverted their funds to cryptocurrency and banks in the world cannot block it. Maybe there will be many banks that oppose, but can they really stop it? I don't think so, or it's hard to do that. Many people think that saving money in the form of cryptocurrency will be more profitable than in the bank and there are many more benefits that can be obtained.

Cuk0ng_bitc0in

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there are many ways to move assets from bank to crypto. I prefer to buy with a voucher. then convert in the local exchange. or you can use PayPal services and others. I prefer to save assets on BTC or ETH. both are my top choices.

Altero

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I like what @dothebeats did, investing more in crypto will seems to profitable at this time than of real assets. It is just to open up our mind and be very resourceful of anything we can do to generate money as a source.

Quote from: ?? on ??

in my opinion, to use all assets for crypto, of course, it is very risky, as well as only a few assets that are used as crypto assets, in my opinion, it is clear that bitcoin is the main choice for crypto assets or altcoins, I suggest binance coins.

Yeah, investing in crypto is risk and we know it since before but somehow we need to be along the risk cause that's the only we can make this things right. Choosing the right coin will be a best solution for not losing our funds and I'm preferred to put my money into top 10 altcoins rather than of seeking into cheap coins.

Reid

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An easy answer. It will always be bitcoin as my first pick and maybe newbies should also think this way.

You could diversify afterwards. There is no need to be in rush.
Reasearch and think of another crypto currency where you want your funds.

ETH is my next option after BTC. But still, a larger proportion will be at BTC. No doubt about that.

BeManga

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Quote from: alexyong342 on June 07, 2019, 11:13:42 AM

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?

well if you ask me what crypto i will hold for long term i will hold bitcoin with over 50% and few percentage of eth and last for the different token.

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Quote from: Dingdongjl on June 10, 2019, 01:20:47 PM

I dont suggest you to put all your money on cryptocurrency we all know how volatile it is, but if Im going to suggest you Bitcoin is the best.

As I said above it is not a good idea to put all your money on crypto, you dont know when emergency come to your life that you will need to get the money, what if the price at the time you need money crashed.

Haha do you bitcoin is not volatile? Every decentralized cryptocurrencies are volatile in nature, that is what gives the profit for all the traders so we need to utilize that and should not worry about it.

Never think about banks they not worth to stay strong for long years. Soon bitcoin and other cryptos will capture its market.

Dingdongjl

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I dont suggest you to put all your money on cryptocurrency we all know how volatile it is, but if Im going to suggest you Bitcoin is the best.

As I said above it is not a good idea to put all your money on crypto, you dont know when emergency come to your life that you will need to get the money, what if the price at the time you need money crashed.

Slow death

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Quote from: alexyong342 on June 07, 2019, 11:13:42 AM

what cryptocurrency are you going to use to hold your funds?

Look this:

https://coinmarketcap.com/all/views/all

we have 2225 altcoins, to answer your question, I would ask another question: how many shitcoins are you seeing? I can answer that question, it's more than 80% of shitcoins, so it's not very difficult to choose which crypto is better. In my opinion, bitcoin is the best option

Topic: big banks going against crypto - page 2. (Read 931 times)