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Topic: BTC and Banks - page 2. (Read 1578 times)

legendary
Activity: 1176
Merit: 1016
September 05, 2017, 11:42:43 AM
#44
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.
sr. member
Activity: 700
Merit: 251
September 04, 2017, 02:24:05 PM
#43
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
sr. member
Activity: 1162
Merit: 260
September 04, 2017, 03:52:23 AM
#42
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 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.
sr. member
Activity: 1610
Merit: 299
September 04, 2017, 03:36:05 AM
#41
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 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.
full member
Activity: 434
Merit: 100
September 02, 2017, 07:38:01 PM
#40
I guess the answer is no, no bank uses or invested in bitcoin because for sure they already studied things about btc and it is so far fron their mission and vision and even in their rules so why they are going to involve theirselves to this industry?
Banks like any business care about profits so it makes sense that they have at least studied the possibility of investing in bitcoin and benefit from it after all who does not like easy profits, the only reason I can think for them to avoid doing that is that they do not want to help bitcoin.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
September 02, 2017, 06:12:57 PM
#39
BTC/Alts - probably not
Block chain tech and dev - yes, most definitely

Banks likely see BTC and alts way too volatile to invest in. Also the taxes and legalities that would be implicated (because they are extremely scrutinized by fed regulations in most countries) would cost them a lot of cash.


Block chain tech/dev however is kind of like a banking arms race. It makes sense because banks are all about security and using block chain for authentication/identity is one of the best forms of security.

Just my thoughts, thanks!

Sentacks.
It's defenately a race. And this race is not between bank and bank, but between bank and 3rd party financial service providers (fintech). Banks know that Fintech companies have very good ideas and have possibilities to develop and implement new blockchain based systems. If they fail (fintech companies), than there's no problem, they are not well-known brands at the beginning. But if banks starts to develop something blockchain related, implement it into their existing system, and that fails, it ruins the bank's image, brand, etc...
So they need to cooperate with successfull fintech companies, to join the blockchain world, but the game is not over yet, nobody knows what will be the final solution and agreement between them.
full member
Activity: 224
Merit: 100
September 02, 2017, 04:52:29 PM
#38
As I can understand some banks convert their money in BTC and thus invest it
hero member
Activity: 1330
Merit: 569
September 02, 2017, 04:40:45 PM
#37
Looking for evidence to back it up might be something unachievable because its what exist that can be found and since they are not coming out officially to declare their position, every other source becomes unverified which is not what should be relied upon but at the same time, banks are audited, file their returns, submit reports to regulatory authorities among other things they do which I am sure they would be flagged should in case they put large amount of investors money in something so volatile only if they will be doing it without disclosing its purpose.
member
Activity: 98
Merit: 10
September 02, 2017, 04:35:21 PM
#36
I dont know that,but i know they create own currency Riplle for easy transaction,probably thay invest thay have much money to invest,why not to do that if may to earn money.
hero member
Activity: 868
Merit: 535
September 02, 2017, 03:50:57 PM
#35
I don't think they did. If they did then the prices would for sure be much higher than today. Banks have so much money, usually even small banks in a small country has enough money to buy tons of bitcoins that would actually make them one of the biggest whales in bitcoin. But we don't see it. No bank is investing in bitcoins I believe.

I think so too. So I agree with what you said here. Another thing to consider is that banks are always public. They will disclose these kinds of investments if they did plan to do so. Most banks are owned not buy just one person but most of the time by a lot of investors. That is why they need to disclose this kind of info if ever they did invest in it. So they cannot hide the fact that they did invest.
hero member
Activity: 756
Merit: 505
September 02, 2017, 03:49:06 PM
#34
I don't think they did. If they did then the prices would for sure be much higher than today. Banks have so much money, usually even small banks in a small country has enough money to buy tons of bitcoins that would actually make them one of the biggest whales in bitcoin. But we don't see it. No bank is investing in bitcoins I believe.
newbie
Activity: 32
Merit: 0
September 02, 2017, 03:32:30 PM
#33
BTC/Alts - probably not
Block chain tech and dev - yes, most definitely

Banks likely see BTC and alts way too volatile to invest in. Also the taxes and legalities that would be implicated (because they are extremely scrutinized by fed regulations in most countries) would cost them a lot of cash.


Block chain tech/dev however is kind of like a banking arms race. It makes sense because banks are all about security and using block chain for authentication/identity is one of the best forms of security.

Just my thoughts, thanks!

Sentacks.
sr. member
Activity: 532
Merit: 250
Presale is live!
September 02, 2017, 03:02:09 PM
#32
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 Huh
of course any bank will never say it publicly....

You have find the answer, bank will never publish their investment in cryptocurrency but they do research about blockchain, trying to create their own version. But, I agree they did invest but not on behalf 'the bank' but only individual, not using bank's funds but from their own pockets because it's so risky to invest huge amount of money which is not belongs to you.
Bitcoin offer bigger interest over 400% within 8 months which banks can not give it to you, even bankers know about this, very tempting to invest in bitcoin.

My bank is invested in the blockchain but technically doesn't allow Bitcoin purchases. However, I just tell them I'm selling stocks if I need to make large deposits. Then they are accepting and let me do it, without knowing it is really Bitcoin that is being sold. Grin
hero member
Activity: 910
Merit: 523
September 02, 2017, 02:51:39 PM
#31
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 Huh
of course any bank will never say it publicly....

You have found the answer, bank will never publish their investment in cryptocurrency but they do research about blockchain, trying to create their own version. But, I agree they did invest but not on behalf 'the bank' but only individual, not using bank's funds but from their own pockets because it's so risky to invest huge amount of money which is not belongs to you.
Bitcoin offer bigger interest over 400% within 8 months which banks can not give it to you, even bankers know about this, very tempting to invest in bitcoin.
sr. member
Activity: 588
Merit: 256
September 02, 2017, 01:17:33 PM
#30
the use of bitcoin that is not banned here makes many of the banks involved in the use of bitcoin for every who use it, many of the local banks in my country started to work together with bitcoin service. the existence of one of the local bitcoin wallet sites in my country that is already trusted by all the central banks here, they work together so they can be mutually beneficial.
full member
Activity: 364
Merit: 106
September 02, 2017, 12:37:33 PM
#29
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 Huh
of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks 
I think banks are interested in bitcoin but I think they are confused about what to do with it, do they support it, do they block it, I think they have not figure out what to do with bitcoin.
You underestimate the bankers. The people there are not stupid. They understand all the risks for the banking system in the case of the legalization of bitcoin. They are against it. Now the government will deal with bitcoin because it is funding from banks.
sr. member
Activity: 644
Merit: 250
September 02, 2017, 12:35:04 PM
#28
I don't think bank have really invested in Bitcoin or supporting it in anyway. There might be exceptions but majority aren't really supportive of Bitcoin. Banks would never want Bitcoin to dominate monetary system be it of any country. Therefore, by investing and supporting it, they would do opposite. Banks after watching the popularity of cryptocurrencies are busy in creating their own cryptocurrencies maybe for reducing Bitcoin dominance.
legendary
Activity: 2954
Merit: 1159
September 02, 2017, 12:26:55 PM
#27
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 Huh
of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks 

There's a very strict set of limitations on what a bank can and can't invest in. At the same time most of these banking corporations have a board of chairman that they have to satisfy. Even if the chairman of the board is convinced you're going to need a majority of the shareholders and a majority of the board to make that big of a change.

That is the type of thing that is going to put a lot of fear and a chairman and make him want to back off because if something goes wrong they could be his entire career. BTC done need bank and bank dont like bitcoins. Both are vice versa and do not fit with each other.  But both have their own advantages and disadvantages and i think we should get benefit of the both.
full member
Activity: 434
Merit: 100
August 31, 2017, 01:48:31 AM
#26
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 Huh
of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks 
I think banks are interested in bitcoin but I think they are confused about what to do with it, do they support it, do they block it, I think they have not figure out what to do with bitcoin.
hero member
Activity: 966
Merit: 506
August 30, 2017, 09:51:04 PM
#25
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 Huh
of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks 

There's a very strict set of limitations on what a bank can and can't invest in. At the same time most of these banking corporations have a board of chairman that they have to satisfy. Even if the chairman of the board is convinced you're going to need a majority of the shareholders and a majority of the board to make that big of a change.
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