Yes, the continuos growth and potential of cryptocurrency in our world trade market creats a big thereat in banks that sooner or later they can be replaced by this electronic coins in our society.
- The crypto world can be very developed but in the end, it's just investment with everyone, the money earned from crypto is also deposited into the bank, it does not have any effect on the bank, so banks do not need to fear crypto. In contrast, banks are very grateful crypto when it has opened a path that has many benefits for banks in the future because the government will rely on crypto to develop into the country's currency, the bank will become the storage place for that, open up a new service to help banks more profitable 
Topic: Do Banks fear cryptocurrency - page 14. (Read 17113 times)
Yes, the continuos growth and potential of cryptocurrency in our world trade market creats a big thereat in banks that sooner or later they can be replaced by this electronic coins in our society.
I dont think the are scared of bitcoin, mabye they'occurring for just axiom that cryto is not safe and dont acquire in to it, hence that the people will mount occurring banks, its bearing in mind a publicity strategy, if something is growing happening in the matter and they are getting left at the in the sustain on they will take feign something to grab help that business upon top. so i think its just a strategy to them in order to people use unaccompanied banks and no appendage digital child support or cryptocurrency.
There are a numerous numbers of crypto currencies and banks do not fear crypto currencies and we have to make some decision about the bitcoin and many banks will fear crypto but as a user i am confident about the bitcoin currency and other crypto like this is good for me and the investment is these are also good. We have to worry about the bitcoin usage we should not use bitcoin for unnecessary purposes.
If I think based on the news I read on the internet, with the price of a bitcoin reaching a record high above $ 10,000, more and more lay people are considering investing in cypto currency. Despite the recent price hikes, but with big risks. Investors should be prepared for the possibility that they could lose all their investment.
In addition, the worrying part about bitcoin is that, along with other crypto currencies, it sues the traditional roles of banks and central banks. In the classical world, banks act as intermediaries by providing loans from deposits they deposit and from central bank financing. The central bank uses interest rates for the funds it provides as a jack to ensure price stability. some of the reasons are clear signals that professionals do not believe the promises of crypto enthusiasts.
For us crypto world warriors hopefully there is a clear law about this digital currency.
In addition, the worrying part about bitcoin is that, along with other crypto currencies, it sues the traditional roles of banks and central banks. In the classical world, banks act as intermediaries by providing loans from deposits they deposit and from central bank financing. The central bank uses interest rates for the funds it provides as a jack to ensure price stability. some of the reasons are clear signals that professionals do not believe the promises of crypto enthusiasts.
For us crypto world warriors hopefully there is a clear law about this digital currency.
Banks will be slightly threatened by cryptocurrency. because it is based on blockchain technology that makes every transaction visible. and different from any existing bank that corrupt they could have a conspiracy with the corruption.
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!
The banks should be afraid of bitcoin that is why they warned
people for the reason that fiat money will no longer be used
in transaction and banks will no longer be of use through digital
and decentralized transactions. It is just a warning, i hope they'll
not ban crypto there.
I also think that banks are afraid of cryptocurrencies. The decentralization of cryptocurrencies makes them out of market control. The economic market is easily destroyed and banks may not find a way to counterbalance Bitcoin.
They already admitted it and now they are attempting to have the control on their hands and use it again for their own benefits and advantages.
World bank President Jim yong Kim has also warned about the risks of cryptocurrency, after the head of the bank for international settlements denounced bitcoin as a "combination of bubbles, ponzi schemes and environmental disasters". In an event in Washington, Mr Kim noted that the vast majority of encrypted money was a ponzi scheme.
I think it's all Banks that are afraid of the growth of cryptocurrency, and they're worried about being replaced.
I think it's all Banks that are afraid of the growth of cryptocurrency, and they're worried about being replaced.
Since the bitcoin's existence to the people and us people starting to discover and learn more about bitcoin, banks became afraid of cryptocurrency. They're afraid that someday the world won't be needing real money and that we will only be needing them whenever we need to withdraw our virtual money. But maybe in future, we don't need real money anymore, only our phones and pay through it.
Albania has a very low turnover of cryptocurrencies. So this news won't affect on 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!
I think bitcoin is the big problem of banks that's why they find ways on how to discourage people by using bitcoin. It will have a huge affect to banks because maybe there is a less depositor now in different banks because of bitcoin.Bitcoin can store online wallet even no need a bank aand we can convert and exchange it also with out a bank. That is the reason why we need to continue support bitcoin because it give us freedom with out control of any single authority.
But in my country which is Philippines was looking to use bitcoin,and many branches here was already accept this bitcoin,so many of us didint worry about is,i think many investor would happy for this.
Yes banks are scared of Cryptocurrency because they don't what cryptocurrency to overshadow the country currencies which may affect the economy of any country apart from that reason I don't think Banks supposed to be afraid or scared of cryptocurrency.
Yes im sure about this subject because banks are gaining so much money without this system
Definitely, Banks are getting feared by because of cryptocurrencies. Recently J P Morgan prepared a report where they found results that banks are being threatened by the new Fintech startups.
Yes, i think, and they should have to be.Because the cryptocurrency is gaining popularity day by day and people are investing in huge amount .Thats why they are giving warnings about the cryptocurrency's security to stop people investing in it.
True, cryptocurrency is a big competitor to banks. The bankers are always upset about the crypto market and every day it releases bad news about cryptocurrency to undermine it. But the real cryptocurrency is much better than bank. So recently, my country has had several bankruptcies. And the future of the bank is very dark.
Yes, i think, and they should have to be.Because the cryptocurrency is gaining popularity day by day and people are investing in huge amount .Thats why they are giving warnings about the cryptocurrency's security to stop people investing in it.
Humans fear to lose their jobs to machines. Machines are reliable, work 24/7 and ROI is way better compared to a human. So, of course, there is fear of something new, but we humans are able to adapt to new situations. Banks will use cryptos or slowly die.
But the thing about cryto currency is that you can keep them safe without the help of any banks.
As you have said, humans adapt, businesses and banks must do too so they can survive in these cruel world. But the thing, banks may reduce in the future because of the digital currencies so they are fearing them.
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