Yes! Somehow banks fear feom cryptocurrencies because that would hit their banking strategies and cash savings much. so definitely its a big fear to bankings.
Topic: Do Banks fear cryptocurrency - page 32. (Read 17113 times)
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'm sure the banks are afraid of the existence of crypto currency in the market and a lot of people do some investment and will probably not going to invest with banks since investment with digital currency is more profitable than investment with banks.
Yes! If I own a bank I will sell it immediately for bitcoin ahahh 
That has absolutely nothing to do with banks fearing bitcoin and rise of cryptocurrency though? Like nothing lol
I think they do. Crypto-currency will be a huge threat for the fiat currencies.
banks are definitely afraid of crypto currencies as it will of course remove the need for them to get transactions done especially transactions that happen across geographical borders, also the fact that if your shrewd you can make some serious monies by investing in crypto currencies rather than just having the money sitting in an account making little to no profits . so their real fear is a decline in there customer base which will ultimately lead to a lowering of net profits
I think bank never afraid to dissapear because of cryptocurrency because bank supported by goverment and they will not allow to happen.And i think there are more people more trust to use bank.But people not see the security that bitcoin have because in bank fraud commonly happened.
You are right. Banks are integrated with the state to maintain economic stability with currency sovereignty. The central bank has its own power. Well, about decentralized cryptocurrency, there are few shortcomings regarding security and public trust. No official administrator for bitcoin. The risk is quite large, but the profits are also large, comparable. 
I think bank never afraid to dissapear because of cryptocurrency because bank supported by goverment and they will not allow to happen.And i think there are more people more trust to use bank.But people not see the security that bitcoin have because in bank fraud commonly happened.
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!
Naturally, no one likes competition even though it cannot be ruled out in the business world. Cryptocurrency is a natural unequalled competitor of the normal banking system. So, they will do everything within their powers to make sure cryptocurrency crashes. They can sponsor ordinary harmless statement about cryptocurrency to sound like hale has fallen. This will consequently trigger panic selling as well just like we have now.They called on people not to get involved. Should we be afraid or the banks are!
Yeah, Banks are one of the major spreader of FUD in the world of crypto currencies next to governments. This group of people want all kinds of digital currencies to crash and vanish in this world so that they can take control of every thing when it comes to monetary issues. Every time the crypto world crashes this group of people are smiling like there is no tomorrow and they keep on spreading FUD all over the crypto realm.
A lot of people will do anything when it comes to money talks, even if they hurt other people on what they're doing.
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!
Naturally, no one likes competition even though it cannot be ruled out in the business world. Cryptocurrency is a natural unequalled competitor of the normal banking system. So, they will do everything within their powers to make sure cryptocurrency crashes. They can sponsor ordinary harmless statement about cryptocurrency to sound like hale has fallen. This will consequently trigger panic selling as well just like we have now. They called on people not to get involved. Should we be afraid or the banks are!
I think banks do not want to keep crypto like bitcoins, to have a safe wallet. We do not want flowers for them because their value is increasing rapidly. And when we talk about many ICO companies raise funds. via ICO for their project. This is a big problem for banks. Because companies do not go to banks to get loans for their projects. And the bank does not like it.
Yes, I also think that banks are afraid of bitcoin. It is unprofitable for them.
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 I own a bank, I will be issuing the same warning. It is obvious because crypto currencies or digital currencies that we know of don't need banks, we can save them without their help. When you think of it, if bitcoin, for example become stable, they will be using it for sure, so the money that is entering the banks will stop because as I said, digital currencies can be saved without banks.
Bitcoin has an instant wallet and also like a bank without fees. The bank was afraid because the money that they earn from a person was go at the wallet because the wallet of cryptocurrency was better than bank or any kind of bank. They want to save their own business and specially the government want to ban bitcoin because the bank that they are mine, they can get tax but in bitcoin wasn't any by transferring, only the miners get the tax.
Of course, the few people at the top of the world can control the world with the tool called banks and if cryptocurrencies grow and grow, they loose that control. What do you think why some banks are causing dips and panics? They want to buy theirselves in and use crypto themselves.
Most of the Banks fear cryptocurrency because most of the transactions in a bank could also be catered in the cryptocurrency economy which simply means a crypto economy is a bank leading competitor.
Yes, banking institutions fear crypto currencies because it is some thing they do not comprehend then one that's making these to change how they think, and oh young man will they nothing like alter, or thinking. If the bitcoin transaction gets bigger the bank business will be threatened and will make the banks lonely then abandoned customers, this is what the banks feared.
Undoubtedly they freak out when they hear the name of any crypto currency. I think the main reason behind this is if crypto currency is legalized then we don't need their service. We can easily have transaction without them. One of the main earning source is transaction of money. But if crypto currency is legalized then people will prefer crypto currency transaction instead of bank transaction. So, I think this is one reason for why they fear crypto currency.
Cryptocurrency is far from taking over banks, and they are probably issuing warnings only for the security and safety of the general public. Banks are still known to be secure despite the high fees, and I believe that people still trust and prefer to use it.Not yet anyway. They probably will when bitcoin is adopted to more mainstream use. Ita a threat to them because its simply better in every way.
Banks may be old but I don't think they will changed what they have used to. Simply reason, they will lose a lot of money if they implement a blockchain technology to replace their legacy system. Imagine data are freely shared amongst its different branches.Another fact to take note of is bitcoin has not reached where banks have and banks are still an important part of everyone's life but bitcoin is not so imo at least for now banks aren't afraid of cryptocurrency instead they might have plans to come up with their own centralized blockchains.
If bitcoin become valid currency than it will compete each other since there will be same amount of demand for bitcoin.And their fear is exactly what I would have expected, the banks are not just brushing Bitcoin off, they are acknowledging it as a real problem that could severely damage their business.
To date, the whole popularity of Bitcoin depends only on the fact that a new user needs earning opportunities. Even though a lot of people hate banks they go to Banks for their financial transactions as they trust it and a lot of people think that bitcoin is not trust worthy and they think it is complicated to understand when compared to banks.
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