Topic: Do Banks fear cryptocurrency - page 23. (Read 17113 times)
There are many people engage in the crypto currency and maybe it is the reason why they are afraid that someday crypto currency will replace some banking company or maybe there are many investors on cryptos than on the bank.
there are parcel of speculators who bolstered in bitcoin and it is one of the reason that numerous banks perplexed when they free numerous individuals particularly the individuals who have more offers on them that going to bitcoin. as times passes by there are parcel of bitcoiner who demonstrated that bitcoin have more focal points that banks.
think they are not fearing crypto currency as for now because all of the money that go into crypto currency is made from Fiat money that came from banks also so why do they need to fear the money that they also produced.
Bank is a state-ensured official office, I don't know banks fear with the improvement of bitcoin, in light of the fact that banks will keep on existing as long as the national bank exists. also, if the bitcoin exchange is more gigantic then one day the bank will get bitcoin.
Banks have done what they usually do. Warn there customers. If you ask me if banks are afraid, it is hard to say. They may be. Because Bitcoin and other crypto currencies are competing against them.
By utilizing digital forms of money, individuals will wind up autonomous and free from the hands of banks. Individuals won't rely upon the banks fro the exchange, as though individuals wind up autonomous, it will impact the banks economy, bank won't have the capacity to charge expenses on the exchanges.
Also, other dread is that Bitcoin supply is reliant on the general population's request and supply is finished by that, it keeps running by any administration and banks. Henceforth bitcoin client isn't responsible to the general population. Bitcoin will circle in the nation and the banks and governments won't obstruction in the dissemination of bitcoin. This dread them most.
Also, other dread is that Bitcoin supply is reliant on the general population's request and supply is finished by that, it keeps running by any administration and banks. Henceforth bitcoin client isn't responsible to the general population. Bitcoin will circle in the nation and the banks and governments won't obstruction in the dissemination of bitcoin. This dread them most.
cryptocurrencies basically rob them their source of money.
The banks are definitely afraid of crptocurrencies especially bitcoins, The people have seen their dubious and greedy ways and are rather investing into cryptos, they are even gaining huge profits by buying and hoarding, profits that not even banks have ever given them in their entire lives.
Banks are still amazingly unmindful of how capable Bitcoin (and all other virtual monetary standards so far as that is concerned) is and how it will in the long run begin to demonstrate their plan of action as obselete.
Banks fear bitcoin, in light of the fact that they see its potential. Numerous banks have investigated the blockchain innovation and are endeavoring to reproduce it...purely in light of the fact that the innovation is so intense and out-does all banks by individuals inclination by a wide margin. The main reason bitcoin has not assumed control yet, is a direct result of the people groups
Consequently, upon the endorsement by various nations it may take an alternate hand over budgetary industry. In the event that it's into great sign it'll be a decent esteem twofold the sum in a year and it may fall profound into pit.
Banks fear bitcoin, in light of the fact that they see its potential. Numerous banks have investigated the blockchain innovation and are endeavoring to reproduce it...purely in light of the fact that the innovation is so intense and out-does all banks by individuals inclination by a wide margin. The main reason bitcoin has not assumed control yet, is a direct result of the people groups
Consequently, upon the endorsement by various nations it may take an alternate hand over budgetary industry. In the event that it's into great sign it'll be a decent esteem twofold the sum in a year and it may fall profound into pit.
Absolutely.. Crypto threaten their livelihood, they know that crypto will replace banks in the near future.
Yes I can understand banks are scared but I feel they're being mislead that bitcoin will end their cause, in fact you need Fiat via bank to bitcoins, of course you can buy it in cash. Banks are scared their monopoly over users shall end and that I feel is legit, after screwing us for years now they fear they're going to be exposed lol.
Absolutely.. Crypto threaten their livelihood, they know that crypto will replace banks in the near future.
I think not, if one day bitcoin transactions are so large then banks will make bitcoin as an investment commodity, this is because to resist or fight bitcoin is something that can not be done because the number of users is very strong.
Fear would be a wrong word. I think they don't view it as a threat so much (do remember, there are so many banks in the world. Maybe there are 220 countries and territories that have banks) . The main opinion is that bitcoin, at present is not a threat. It might be interesting, but not a threat, and nothing to fear. And I guess, complacency is the right word.
banks will be unessential soon as cryptographic forms of money will discover its way to the telephones of customary individuals. see that the greater part of the innovation being made nowadays incorporates portable mix and similarity. in the event that soon individuals understands that they can bring all their cash they have with quite recently their telephones, banks will be insignificant.
genuine banks reluctant to the digital money bitcoin the reason have a plausibility to change the position tradional bank move toward becoming vanished in the realm of cash and bitcoin bank brought up in the entire world numerous individuals todays are goes into the bitcoin to contribute their cash on account of speedier expanding and productive.
Cryptocurrency is a decentralized transaction, he does not need an intermediary, which is a threat to the bank.
Banks are quite fear with bitcoin or any other cryptocurrency. In this generation whereas we are equipped by technology cryptocurrencies will be dominated as an online currency rather that traditional currencies that we have. But people are now beginning to see that you can make more money without having a bank.
I don't think they are afraid in Cryptocurrencies maybe they just don't have enough regulations or law yet that Central banks can profit. Crypto itself has a huge potential in world economic and based on what I think central banks are not afraid they are trying to control people by scaring them cause they don't have enough regulations and law that can implement.
Banks have the high ground in all worldwide on Ewallets and Ebanks , and even tho that cryptos have substantiated themselves speculation commendable and have possessed the capacity to produce a ton of benefits and intersection any rate anticipated, cryptos can never supplant a genuine conventional managing an account framework on the grounds that those ones are bolstered by laws , governments and effective individuals that won't acknowledge the reality of cryptos beating the banks in light of the fact that all things considered those individuals won't have 12+ digits financial balances any longer .
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!
News like that, we see it everyday and many negative news about cryptocurrency. But I am believe that bitcoin and other cryptocurrency is going strong and stronger because trade volume always increasing
Banks are not afraid of crypto currency, they are afraid of not controlling the winning cryptocurrency. It is no problem for multimillion company to create a blockchain.
Bitcoin users are constantly on the rise and they are actively trading bitcoins then it will automatically leave the banks, I'm sure that banks are worried about the development of bitcoin especially now that marketcap has reached more than $ 200 billion and this year is predicted to be more than $ 20 trillion. Jump to: