BTC and Banks | Bitcointalksearch.org

shuhei

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Quote from: Cryptogladys on August 28, 2017, 02:24:26 PM

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? Huh

of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks

I work for a Japanese bank. This is just a speculation, but Japanese private financial institutions have not yet invested in bit coins yet. Partly, the financial institution SBI invests in RIPPLE and R3, but it is an investment for the management organization to the last.

ladydark

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Quote from: Dudeperfect on August 28, 2017, 02:52:51 PM

I don't have any confirmed news about any bank dealing or investing in Bitcoin but yes, there are many such banks who have invested in Ripple.

Ripple works as a bridge currency between banks and countries which makes easier for customers to take the benefit of Blockchain technology without actually using it (XRP).

* More than 75 banks are now on Ripple's blockchain network.

However, it is a private blockchain network and ripples are issued to banks at a discounted price.

Yes,even in india,a major bank SBI deals with Ripple.Its even said that ripple was created as a competitor to bitcoin by some bankers itself.But just like other altcoins,it wasn't able to compete with bitcoin.

Banks see bitcoin as their main rival and the matter for what they were afraid of bitcoin has come true since most people have started to use bitcoins for transactions.I don't think that any banks would do such an act of investing in bitcoins.Banks have only accepted the block chain system and not bitcoin.

aencarnaci

sr. member

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Quote from: rext on September 15, 2017, 12:05:18 PM

Quote from: Cryptogladys on August 28, 2017, 02:24:26 PM

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? Huh

of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks

If a bank accepts bitcoin or any altcoin, they will take positive action, and the message will certainly be publicly disclosed.

If the banks will starts accepting bitcoins this will be a revolutionary step and this will gave them huge profit as they were securing from paper money all the thing is that banks should come to know that upcoming time is of digital currency and bitcoins so they should take a steps and start accepting it and then enjoy the profit through it.

winterland

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Quote from: kingntking on September 15, 2017, 04:05:14 AM

Quote from: perfect999 on September 04, 2017, 03:36:05 AM

Quote from: Cryptogladys on August 28, 2017, 02:24:26 PM

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? Huh

of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks

I think there will be no bank that will invest to bitcoin because bitcoin did not abide the law of the bank even its features. And so it is so impossible to happen that bitcoin will be use by any bank all over the world.

I will agree to what you have said. BTC and Banks both are entirely different sort of things. They have no connection in between. It is because of the reason that Banks were meant to keep the paper currency and this is what they are doing. BTC is something entirely different from paper money, so it has no concern with banks.

Bitcoin and banks are related, both are ways to store your wealth, when it comes to banks you are relying in a third party to store your money, when it comes to bitcoin you are trusting the blockchain, it is very obvious to me what is the best choice and eventually people are going to realize the truth as well.

TonixGaming_14

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AGATE

BTC or Bank?

For me BTC it is encrypted and decentralized digital currency and it's secured and know one can be hacked or stole.

Sled

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Bitcoin- in bullish time

Banks do have a lot of money in their vault and there is a lot of money that is putted by the people who want to save and invest on their bank and i think they actually invested in bitcoin because the return in bitcoin is high but it is riskier than the usual way of their investing process but they have a lot of professional fund manager so the risk for them is not too high.

KaliLinux

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Those banks who analysed and decided that BTC will catch the currency market might be invested in the BTC. The banks will always look for the ways to get revenue this doesn't change the way they look. Ultimate aim will be to make revenue through investments and loans.

winterland

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Activity: 434

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Quote from: Osarman on September 06, 2017, 12:32:57 AM

Quote from: suvo05 on September 04, 2017, 03:52:23 AM

Quote from: Cryptogladys on August 28, 2017, 02:24:26 PM

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? Huh

of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks

I have know idea about this. And in my country I think bitcoin and altcoin are still like alien money. But this may be happen in USA and Europe.And very much possible in Japan as they have legalise Bitcoin.

Pretty same condition is prevailing in my country. Majority does not know about bitcoins and other digital currencies. Even those who know about them are not very much enchanted with them. Indeed, developed countries can invest into bitcoins via banks or vice versa.

Those people are going to regret not investing in bitcoin when they had the chance, bitcoin is not going to wait for anyone so if people do not get in then they have no right to complain later about their lack of luck, but I know they are going to complain anyway.

rext

full member

Activity: 378

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Quote from: Cryptogladys on August 28, 2017, 02:24:26 PM

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? Huh

of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks

If a bank accepts bitcoin or any altcoin, they will take positive action, and the message will certainly be publicly disclosed.

Vinalians

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well maybe some of the small banks invested in bitcoins because they also know that bitcoin is one of the greatest and most valuable coins in the cryptocurrencies, . so i guess they also invest but not all of them

Flyyyy

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Quote from: Ngewex Yuk on September 15, 2017, 05:31:33 AM

Many people argue that the presence of bitcoin becomes a threat banks, this is because by having bitcoin then we can do full control of all the money as happened with the bank.

It seems to me that bitcoin will never threaten banks. Because bitcoin will never squeeze out the fiat currency. Bankers will always find a way to make money on commissions regardless of the popularity of the crypto currency

Rasel5209

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Quote from: Cryptogladys on August 28, 2017, 02:24:26 PM

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? Huh

of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks

bitcoin is good for invest. if you invest your money you get some profit but if you invest in btc you can make huge profit cause btc price regularly increase. I don't tell you invest your btc. you buy alt coin and keep it you can create huge profit. alt coin price increase and btc price increase then exchange your alt coin in btc.

bitart

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Vires in Numeris

Quote from: Ngewex Yuk on September 15, 2017, 05:31:33 AM

Many people argue that the presence of bitcoin becomes a threat banks, this is because by having bitcoin then we can do full control of all the money as happened with the bank.

There's nothing wrong with full control of your money. Banks were made in the ancient times, to save people's money. That time money was gold, and if you had a lot of money, it meant a heavy treasure chest, where you have stored your money. People put their money into banks in order to prevent it from being stolen by thieves. They had the chance to control all of their money, but the risk of the theft was really high, this is why they used banks.
In connection with bitcoin, this problem is solved by using cold or hardware wallets, they are small enough to hide it in your house. But, when you want to do a transaction, you have to somehow use your cold wallet or hardware wallet, and when you connect to the internet, your PC, tablet, etc. could be affected by a virus or malware, so maybe the next banks would be the wallet softwares (wallet websites), which ensure that your bitcoin in the wallet won't get hijacked during the transaction.

Ngewex Yuk

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Many people argue that the presence of bitcoin becomes a threat banks, this is because by having bitcoin then we can do full control of all the money as happened with the bank.

kingntking

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Merit: 11

Quote from: perfect999 on September 04, 2017, 03:36:05 AM

Quote from: Cryptogladys on August 28, 2017, 02:24:26 PM

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? Huh

of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks

I think there will be no bank that will invest to bitcoin because bitcoin did not abide the law of the bank even its features. And so it is so impossible to happen that bitcoin will be use by any bank all over the world.

I will agree to what you have said. BTC and Banks both are entirely different sort of things. They have no connection in between. It is because of the reason that Banks were meant to keep the paper currency and this is what they are doing. BTC is something entirely different from paper money, so it has no concern with banks.

winterland

full member

Activity: 434

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Quote from: Adam on September 02, 2017, 04:52:29 PM

As I can understand some banks convert their money in BTC and thus invest it

I do not think they do it why they should , while bitcoin is a great investment they can keep most of the money of the people of the world by just cheating their customers so it is not like they need to invest in bitcoin at all.

jekjekman

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Quote from: Cryptogladys on August 28, 2017, 02:24:26 PM

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? Huh

of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks

I think there is no bank will invest to Bitcoin because it is decentralize as Banks are made to be centralize and control but some so if there is in any other altcoin then I can say Ripple because I think they are invested by some of the banks that is why the value of it goes high this 1st quarter of 2017.

Maybe the owners of this bank that is investors also can invest to other cryptocurrencies if their financial advisers tell them to do so but their bank itself will not tell the people that they are supporting a cryptocurrency.

Osarman

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Quote from: suvo05 on September 04, 2017, 03:52:23 AM

Quote from: Cryptogladys on August 28, 2017, 02:24:26 PM

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? Huh

of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks

I have know idea about this. And in my country I think bitcoin and altcoin are still like alien money. But this may be happen in USA and Europe.And very much possible in Japan as they have legalise Bitcoin.

Pretty same condition is prevailing in my country. Majority does not know about bitcoins and other digital currencies. Even those who know about them are not very much enchanted with them. Indeed, developed countries can invest into bitcoins via banks or vice versa.

n0ne

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Vave.com - Crypto Casino

Quote from: cluit on September 05, 2017, 11:42:43 AM

Quote from: jagdeepjd on September 04, 2017, 02:24:05 PM

over here in my country i dont think they have invested in bitcoins or any cryptocurrency as our govwernment is yet to make any decision on bitcoin. the countries where it is legal they may have done it secretly perhaps

I think my country is following yours. The government is still dozing and hasn’t woken up from their dreams. I have not heard about any bank showing any interest in bitcoins but I have come across some people of my country who are actually earning bitcoins.

Yes, in our country too there are not much banks that accept bitcoin. The government is much into growing the economic situation of the country, but the plans made by the country has lead for a fall in economy. Recently came through an article that a bank has started to invest indirectly into bitcoin.

HalfDeck

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Quote from: cluit on September 05, 2017, 11:42:43 AM

Quote from: jagdeepjd on September 04, 2017, 02:24:05 PM

over here in my country i dont think they have invested in bitcoins or any cryptocurrency as our govwernment is yet to make any decision on bitcoin. the countries where it is legal they may have done it secretly perhaps

I think my country is following yours. The government is still dozing and hasn’t woken up from their dreams. I have not heard about any bank showing any interest in bitcoins but I have come across some people of my country who are actually earning bitcoins.

Not that they do not care Bitcoin, the value and growth of Bitcoin in this year really make many people interested it, from anywhere on the world. But, mostly banks like the blockchain technology of cryptocurrency than Bitcoin, because it can help them solve many problems in bank system.

Topic: BTC and Banks (Read 1574 times)