BTC and Banks | Bitcointalksearch.org

shuhei

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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, 01:52:51 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

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Quote from: rext on September 15, 2017, 11:05:18 AM

Quote from: Cryptogladys on August 28, 2017, 01:24:26 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, 03:05:14 AM

Quote from: perfect999 on September 04, 2017, 02:36:05 AM

Quote from: Cryptogladys on August 28, 2017, 01:24:26 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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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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Quote from: Osarman on September 05, 2017, 11:32:57 PM

Quote from: suvo05 on September 04, 2017, 02:52:23 AM

Quote from: Cryptogladys on August 28, 2017, 01:24:26 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

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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, 04:31:33 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, 01:24:26 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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Quote from: Ngewex Yuk on September 15, 2017, 04:31:33 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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Quote from: perfect999 on September 04, 2017, 02:36:05 AM

Quote from: Cryptogladys on August 28, 2017, 01:24:26 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

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Quote from: Adam on September 02, 2017, 03:52:29 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, 01:24:26 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, 02:52:23 AM

Quote from: Cryptogladys on August 28, 2017, 01:24:26 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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Quote from: cluit on September 05, 2017, 10:42:43 AM

Quote from: jagdeepjd on September 04, 2017, 01:24:05 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, 10:42:43 AM

Quote from: jagdeepjd on September 04, 2017, 01:24:05 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.

cluit

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Quote from: jagdeepjd on September 04, 2017, 01:24:05 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.

jagdeepjd

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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

suvo05

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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.

perfect999

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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.

winterland

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Quote from: UCHCHILD on August 30, 2017, 06:17:45 PM

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.

bitart

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Quote from: Sentacks on September 02, 2017, 02:32:30 PM

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.

Adam

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

audaciousbeing

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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.

Ivan16

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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.

Qartersa

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Quote from: LuanX3 on September 02, 2017, 02:49:06 PM

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.

LuanX3

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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.

Sentacks

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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.

bitcoinmaniac52

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Quote from: Rahar02 on September 02, 2017, 01:51:39 PM

Quote from: Cryptogladys on August 28, 2017, 01:24:26 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....

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

Rahar02

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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....

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.

ocid

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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.

sindikat

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Quote from: winterland on August 31, 2017, 12:48:31 AM

Quote from: Cryptogladys on August 28, 2017, 01:24:26 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 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.

AK47-

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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.

virasog

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Quote from: Qunenin on August 30, 2017, 08:51:04 PM

Quote from: Cryptogladys on August 28, 2017, 01:24:26 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

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.

winterland

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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 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.

Qunenin

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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

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.

BTcoint

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someday banks account will be in memory of history like what gonna remember about cash bitcoin dominating the financial worlds .

UCHCHILD

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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?

drachman

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Quote from: Pettuh4 on August 28, 2017, 10:39:12 PM

Quote from: SamsungBitcoin on August 28, 2017, 08:15:45 PM

Quote from: szpalata on August 28, 2017, 04:09:44 PM

Quote from: Maxre on August 28, 2017, 03:54:24 PM

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins.

I think also that bank will invest in bitcoin, when they start to accept bitcoin in their system they will need to have bitcoin investment for withdrawal and deposit of some people who used bitcoin.
Agree that they will take the advantage of the volatility of bitcoin specially they can invest huge capital and make huge profit also.

You don't think they can buy bitcoins with our fiats? I think anything is possible with these banks because they can easily maneuver their ways and trade our fiat for bitcoins which they will sell at the right time to make profit .

They can do it, but I think the reason they are not doing that is because that will help bitcoin by making the price even more attractive an high so I think this is why they are trying to create their own crypto.

bitart

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Quote from: savioroshan on August 28, 2017, 11:02:06 PM

I dont think any bank will invest in any digital currencies. Because no one will risk such a hugh amount by investing in cryptocurrencies. We all know its price will go up. But who can give guarentee that its price wont crash. This is cryptoworld buddy. Anything can happen. For example will you invest all your savings to buy bitcoins? Just think about it and you will get the answer for the topic in the thread.

Banks do invest in blockchain technology, so in digital currencies too. You can check the members of the Enterprise Ethereum Alliance https://entethalliance.org/members/ here, you can find several banks there. Also you can find several well known companies from the financial sector (JPMorgan, Deloitte, etc.) These companies won't buy currencies in order to wait for the prices to go up and take profit, but they want to take part in the development of the blockchain, to implement this technology into their own business, in order to get the prices of their own shares skyrocket...

LieXurui

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i think if you want find about bank integrate bitcoin, i think you can't never found, maybe next several year
about bank invest in bitcoin i think same you can't found
maybe if SEC and USA ready regulation, much bank can invest bitcoin and blockchain technology

bucker steemit

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most of them do not justify it, I assume they will not invest in bitcoin or altcoin. They do not really like the bitcoin movement I think they want to get rid of bitcoin. because public confidence in banks has begun to fade away they prefer bitcoin rather than bank.

Carlsen

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I don't know if banks invested in bitcoin, but actually I would be surprised if they already did.
From their point of view, bitcoin is still highly speculative, in the US not even ETF approved.
I suppose the bosses would not give their ok if somebody in their team would come up with the idea of an investment in bitcoin.

zarados

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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

The banks are holding its customers money, I think bitcoin is not a safest investment for any bank in the world, big or small. What I know, the bank truly used its customers money for stock trading, and what we've seen in the acount is just a digital number. Anytime, customers could get their money back, but the bank set the transaction limit/day. So they can managed it. But invest on crypto currency, with it's fluctuation, I dont think they can manage their capital and customers money in it, except they can controlled it.

Supreemo

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Quote from: savioroshan on August 28, 2017, 11:02:06 PM

I dont think any bank will invest in any digital currencies. Because no one will risk such a hugh amount by investing in cryptocurrencies. We all know its price will go up. But who can give guarentee that its price wont crash. This is cryptoworld buddy. Anything can happen. For example will you invest all your savings to buy bitcoins? Just think about it and you will get the answer for the topic in the thread.

,no one knows that exactly, maybe this has been also discussed by the banks because who would have ever knew cryptocurrency and to think that it has been popular, so i guess the banks would also be curious and discussed it. they haven't released any official statement yet, but I am pretty sure that the boards are already talking about this.

savioroshan

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I dont think any bank will invest in any digital currencies. Because no one will risk such a hugh amount by investing in cryptocurrencies. We all know its price will go up. But who can give guarentee that its price wont crash. This is cryptoworld buddy. Anything can happen. For example will you invest all your savings to buy bitcoins? Just think about it and you will get the answer for the topic in the thread.

Pettuh4

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Quote from: SamsungBitcoin on August 28, 2017, 08:15:45 PM

Quote from: szpalata on August 28, 2017, 04:09:44 PM

Quote from: Maxre on August 28, 2017, 03:54:24 PM

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins.

I think also that bank will invest in bitcoin, when they start to accept bitcoin in their system they will need to have bitcoin investment for withdrawal and deposit of some people who used bitcoin.
Agree that they will take the advantage of the volatility of bitcoin specially they can invest huge capital and make huge profit also.

You don't think they can buy bitcoins with our fiats? I think anything is possible with these banks because they can easily maneuver their ways and trade our fiat for bitcoins which they will sell at the right time to make profit .

Cryptogladys

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I don't know, Rothschild family that invested in bitcoin.... do you have some proof about it?
I know that a bunch of banks invested and continue to invest in private blockchains,
maybe banks likes bitcoin and blockchain...
I think they're not scared about bitcoin, the market capitalization of bitcoin is around 72.5 billions of dollars at the moment, only wall street banks every day manage trillions of dollars and a big part of that pie is in cash, maybe they own a huge part of bitcoin circulation in order to influence the price and make huge profits rapidly... I don't know... maybe not...
it's obvious that the law says they can't invest the money of citizens in riskys activities (like bitcoin), but they always find a way to cheat the entire system...

SamsungBitcoin

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Quote from: szpalata on August 28, 2017, 04:09:44 PM

Quote from: Maxre on August 28, 2017, 03:54:24 PM

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins.

I think also that bank will invest in bitcoin, when they start to accept bitcoin in their system they will need to have bitcoin investment for withdrawal and deposit of some people who used bitcoin.
Agree that they will take the advantage of the volatility of bitcoin specially they can invest huge capital and make huge profit also.

iram1011

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As many have already stated, several banks did invest in Ripple.

Regarding Bitcoin, there will hardly be any bank on whole who have invested in Bitcoin. There might be some senior individuals but not bank as central. Falcon group in Switzerland have started dealing in Bitcoin. They might have some Bitcoin stock. Else I don't see any bank being interested in Bitcoin. Most of the banks are busy in developing their own cryptocurrency or warning people of possible threat of Bitcoin or altcoins.

deadsilent

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Ripples. Invested by many banks. That's why many are in doubt it can last because it's not really a decentralized altcoin. Bitcoin i know is not really favored by banks since it's against them. By i heard Rothschild are invested at Bitcoin. Rothschild owns the biggest banks, the central bank. They're not invested huge amount tho. Just $250,000 as far as i know. It's funny because this is just penny for them. I think they are just experimenting.

drachman

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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 do not think banks invested in bitcoin that will help bitcoin to become stronger and to eventually defeat them so I doubt they are helping bitcoin in that way it is more likely they have invested in other projects and try to destroy bitcoin in that way.

makishart

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Quote from: Cryptogladys on August 28, 2017, 01:24:26 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

They are not investing in altcoin or bitcoin but in the blockchain technology. You can see the latest tweet from omisego project or vitalik butterin's tweet. They just try to hire the expertise on the blockchain development. It's not about buying the crypto or something like that but just buy the blockchain for itself.

Hydrogen

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Here is evidence of JP Morgan Chase (investment and banking firm) being loosely involved with ethereum.

Quote

Thirty big banks, tech giants, and other organizations—including J.P. Morgan Chase, Microsoft, and Intel—are uniting to build business-ready versions of the software behind Ethereum, a decentralized computing network based on digital currency.

The group, called the Enterprise Ethereum Alliance, is set to debut at a summit in Brooklyn, New York on Tuesday, during which members J.P. Morgan Chase (JPM, -0.32%) and Banco Santander (SAN, -0.46%) are scheduled to demonstrate a pilot of the financial technology as it exists today. The pair plan to show off a "spot trade" on the foreign exchange market for global currencies using an adaptation of Ethereum as the settlement layer.

http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/

According to some sources Craig Wright has $200-$300 million invested in nChain by unknown financers (possibly banks).

Quote

According to the press release, the amount paid for the recent purchase of Nchain is undisclosed. However, sources familiar with the transaction say it was well over the capital injected into 21 Inc., making the claim that Nchain is the largest acquisition in the Bitcoin and blockchain development space yet. According to CNBC, a source familiar with the matter said that $300 million had been invested in Nchain, but it was not clear over what period of time. Neither was it clear in what form the investment was made; in dollars, bitcoin, equity? Requests to have Nchain deliver some sort of verification for these claims have gone unanswered.

https://news.bitcoin.com/nchain-claimed-to-be-largest-acquisition-in-bitcoin-history/

error08

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I am not sure how to determine this kind of activities, banks maybe and may not invest in bitcoin depends on the law in their country and decision from the head/CEO of those banks, such as in Norway ; Skandianbanken joins the ranks of several other global banks and financial institutions exploring blockchain technology, although it is the first to unveil such a direct integration with cryptocurrencies.
https://www.cryptocoinsnews.com/banking-bitcoins-age-norway-bank-adopts-direct-bitcoin-integration/
Private banks should easily invest in bitcoin but different story for central banks that relate to govs regulation.

Cryptogladys

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yes

Quote from: Dudeperfect on August 28, 2017, 01:52:51 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 I know ripple (XPR), if I remember ripple was born principally for banks! so, we cuold say tath ripple is like a rebittance token?

Quote from: szpalata on August 28, 2017, 04:09:44 PM

Quote from: Maxre on August 28, 2017, 03:54:24 PM

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins.

that is exactly what I would like to know...
how wall street banks are evaluating bitcoins, ethereum and others altcoins?
this is an article that talk about a Goldman Sachs analyst who predicts a rally in the price of bitcoin few months ago:
https://news.bitcoin.com/goldman-sachs-technical-analyst-predicts-bitcoins-top-is-4800/

szpalata

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Quote from: Maxre on August 28, 2017, 03:54:24 PM

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins.

Maxre

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https://combonetwork.io/

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

Dudeperfect

hero member

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Merit: 534

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.

Cryptogladys

newbie

Activity: 39

Merit: 0

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

Topic: BTC and Banks (Read 1632 times)