Topic: Do Banks fear cryptocurrency - page 13. (Read 17113 times)
I think that the emergence of bitcoin makes the bank feel a crisis, so it will issue such a warning. If cryptocurrencies are really insecure, then why governments do not jointly intervene to block it is only a personal understanding.
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
They called on people not to get involved. Should we be afraid or the banks are!
Off course bank affraid on bitcoin. Bitcoin can disrupt bank bussiness because bitcoin offering fast transaction with low fees and bitcoin have own safe wallet that hard to hack
I thin its a YES! Banks fear for cryptocurrency because they are afraid for the very low prices and there money cannot be negotiate. Not only banks but also government fears crypto currency. Bank is probably the biggest enemy of the crypto market.
I do believe that they don't fear cryptocurrencies, losing their customers rather. The fact that they were trusted by people with their money to be exchanged in a typical currency (the one that we usuually have in our country), would be affected if people would go and put their money in to invest in cryptocurrencies, and this currencies will be using digital wallets instead of bank accounts. Also, they don't recommend people to invest becaue of it's volatility.
I am not sure about the other cryptos, but I don't think that banks are afraid about Bitcoin now. Earlier they were afraid that Bitcoin will be used as a medium of payment. But high fees and delays in transactions have meant that nowadays hardly anyone is using Bitcoins for that purpose.
At the beginning, when the first cryptocurrencies come up, im sure no bank or any employe reconized them. Even some years after when they gained some value, they thought it will be never danger for them. Now the last year, even the banks of the world see, that cryptocurrencies are seriouse business, and they dont have to underestimate the power of them. They also realized, that the blockchain technology who is behind, could be very dangerous for them and could make them loose a lot of money. So i think thats why they are fearing cryptocurrencies and try everything to shut it down.
My believe is that the banks are afraid of cryptocurrencies. As we all know cryptocurrencies are digital currencies and do not need the bank for storage or usage, banks believe that there will come a time when people will accept cryptocurrencies as currencies and will no longer need the operations of the bank.
However, I think that it is imperative that banks should be able to work together with cryptocurrencies to achieve a common aim in order to ensure its survival.
However, I think that it is imperative that banks should be able to work together with cryptocurrencies to achieve a common aim in order to ensure its survival.
my opinion for your statement is Bank should not be afraid of cryptocurrency, would be great if banks and cryptocurrency work together. cause bank will benefit from any cryptocurrency transactions and we as users Bitcoin or altcoin will be easier in transactions wherever we are. at least that's my thinking about banks and cryptocurrency ^^
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
They called on people not to get involved. Should we be afraid or the banks are!
If banks are not afraid of cryptocurrency then they should because in the near future, there is a huge chance for bitcoins to become the national currency since different people are already using it for their own interest and use it as a digital currency just like credit cards.
Banks are afraid of cryptocurrency. The representatives of some banks have already stated the risks of this industry. I think they are thinking on innovations and adjusting their technology to the future.
in my opinion yes bank is fear from crypto currency the reason is that crypto currency has no physical existence but the most strongest reason is that bitcoin is now legalize still in any countries so bank are rules followers of country and they are unable to accept a currency which are not legal in country
Banks probably don't care about bitcoin at my opinion because they will not lose their money. Many people still using fiat and don't know about bitcoin or know but hate it.
Yes banks also have fear of bitcoin, becouse this is business should we say bitcoin is invest. Banks fear with bitcoin, becouse bitcoin is getting more popular and demand. Many people and investors using bitcoin. Banks fear that thier market price will crush due to the uses of bitcoin.
Some banks fear Bitcoin because they believe it will crash the fiat system. Some bankers believe in Bitcoin. Some of them like JP MOrgan CEO is using his influence to manipulate the Bitcoin price. Few days after making slandering words about bitcoinm, they are buying it
Banks are not afraid of crypto because banks have government guarantee operations and always priority, banks are still developing
Banks are afraid of bitcoin and don't want Crypto market to grow. Bitcoin is getting more and more popular and more people invest in crypto, government and banks lose their control from Economy.
Should we be scared like the banks are scared? Yes and No, and ultimately yes.. but not in the context of what you meant. Banks fear the reduction of faith and use of the current financial system that would kill off the smaller institutions and create severe instability in the larger ones. I do not see crypto taking over since we live within governments that with hold on tooth and nail to their financial structure that keep the rich rich and the economy just above water to continue to line their pockets. What we should be scared of is the nature of the current global economic system itself and how it doesn’t serve the good of all. What we don’t have to scared of is crypto taking over just by the power of the people refusing to use FIAT…. unless it can be converted, controlled and used by a NWO type of government.
Banks should always be concerned about the risks of encryption, as the popularity of encryption can threaten traditional industries.
I bet that the banks are the ones who are afraid, They really think that BItcoin ia a huge threat in their line of work. As, more and more people are unto BItcoin, their Institution would plummet down forcing them to die. Bitcoin as we all know is another type of currency and its the crypto, from that we can say that we are challenging other currency to be forced to back down and to inhibit the new currency to be.
Maybe because bitcoin and other decentralised cryptocurrencies allow people to trade directly with each other, cutting out the need for a middleman which Iin traditional commerce is a bank. And also the accessibility of the not going out to the bank is also there.
Jump to: