Topic: Do Banks fear cryptocurrency - page 38. (Read 17113 times)
yes, I think they will scare the cryptocurrency because people can use crypto for international payment. It is faster, more secret than using banking's service. I think the bank's owner must do everything to improve their service.
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!
Some central banks even say that cryptocurrencies is a ponzi schemes. Don't warry about this. It is not true. Your digital money is decentralized and pretty good protected by cryptography. They called on people not to get involved. Should we be afraid or the banks are!
Banks are definitely fearing Crypto. They will adapt though.
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!
It is quite possible that the profits from the crypto are so high that they can withdraw money from the bank for investment and profit.
Yes definitely bank officials fear about cryptocurrency. because we expect some of bank client are diverting to deposits or investing cryptocurrency because they are believe that more percentage they receive than the bank percentage and this circumstances bank feared about it and may loss their business.
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!
It's a simple panic for the conventional baking system that people are getting closer to the cryptocurrency world, The bank thinks that they are losing the ground day by day and this system is getting a thread of extinction. They called on people not to get involved. Should we be afraid or the banks are!
So that they are making such type of statement regarding this rising platform. I think the conventional banking system are afraid of the growing up the crypt world because of the investment. so don't waste your time and money, keep your self in touch to this crypt world.
I do not know if Banks fear of cryptocurrency but there is some banks banning cryptocurrency using on his country. I think they just afraid with the presence of cryptocurrency because mostly cryptocurrency fluctuating which can affect their economies.
it's true crypto is not sure but how we use it if we already understand then all can be profitable
If people recognize the importance of cryptocurrencies, they will turn to it. Banks are centralized, Banks can control the bank's money, and encrypted money is dispersed or means freedom.
But just in case that the banks also recognize the big lift that they can get using crypto's for sure they will be able to maximize it,crypto should be treated as currency and means for transactions it should never be treated as a threat not just because banks will
possibly loses their followers but instead look at it in a positive ways, they both work together to help people and to both manage
to exist alongside.
Oh yes, of course the banks are afraid of cryptocurrencies. That's why they made their own coin such as Ripple. Billions of dollars of fiat currency has moved into cryptos recently and it's terrifying to the banks. Cryptocurrencies will allow people to be their own banks by allowing people to do peer to peer transfers. The banks will no longer be the middle man and charge outrageous fees. Their stranglehold and control is ending. Also, the privacy coins allow people to buy and sell without them knowing what a specific individual is doing.
True, the bank is currently afraid of cryptocurrency. They start losing potential customers they can take to invest in banks but they prefer to invest in cryptocurrency. Very reasonable banks began to affect the government to ban circulation of cryptocurrency, it will be done by every agency if the fear.
Banks are afraid to lose their mighty position as money controller. So, they are stopping cryptocurrencies.
yes,Banks are still extremely oblivious to how powerful Bitcoin (and all other virtual currencies for that matter) is and how it will eventually start to prove their business model as obselete.
Banks fear bitcoin, becuase they see its potential. Many banks have looked into the blockchain technology and are trying to replicate it...purely because the technology is so powerful and out-does all banks by people preference by far. The only reason bitcoin has not taken over yet, is because of the peoples unawareness of it.
Banks fear bitcoin, becuase they see its potential. Many banks have looked into the blockchain technology and are trying to replicate it...purely because the technology is so powerful and out-does all banks by people preference by far. The only reason bitcoin has not taken over yet, is because of the peoples unawareness of it.
I think they fear it , but it is better if they join us.
If they start lobbying against cryptopcurrency we know it will be banned and action will be taken against it.
If they start lobbying against cryptopcurrency we know it will be banned and action will be taken against it.
yeahh man they fear their customer money move from their pocket to others 
.....
.....
The bread and butter for each and every bank in the world depends solely on the profit earned by banking structure of the government. This again is created on rules laid down with the concept of their “centralized money”. They generate profit by investing the paper money of the citizens from their savings into the multifarious profit generating avenues like shares, bonds, mutual funds etc.
With the introduction of decentralization of money by the new worlds of crypto currency they sense a threat to their future. If their citizens find an avenue to generate profit “without” following the rules of their centralized money, their future is at stake. That’s why they are trying to turn away their citizens from the online market, by introducing words like “bubble” about to explode. They are fearful of their own future because of the losses their banks are making. With time the knowledge of crypto currency will be widespread. Hence, more and more citizens of newer generations will venture in the world of decentralized money. This will send an alarm to the banks because of the fear of the unknown.
With the introduction of decentralization of money by the new worlds of crypto currency they sense a threat to their future. If their citizens find an avenue to generate profit “without” following the rules of their centralized money, their future is at stake. That’s why they are trying to turn away their citizens from the online market, by introducing words like “bubble” about to explode. They are fearful of their own future because of the losses their banks are making. With time the knowledge of crypto currency will be widespread. Hence, more and more citizens of newer generations will venture in the world of decentralized money. This will send an alarm to the banks because of the fear of the unknown.
Banks have the upper hand in all world wide on Ewallets and Ebanks , and even tho that cryptos have proved themselves investment worthy and have been able to generate a lot of profits and crossing any percentage predicted, cryptos can never replace a real traditional banking system because those ones are supported by laws , governments and very powerful people that won't accept the fact of cryptos beating the banks because in that case those people won't have 12+ digits bank accounts anymore .
What they worry about and advise us is absolutely correct. However, it is only good for newcomers and not aware of Bitcoin. Left, most of the perennials can earn a lot of money from Bitcoin. Because they have experience as well as knowledge in investment and business. So do not be afraid if you know everything about Bitcoin
If you look at the banks' comments on the cryptocurrencies, it can not be otherwise. I think they are really scared.
But not only the banks, I also believe the governments and the money elites have the pants full.
But not only the banks, I also believe the governments and the money elites have the pants full.
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, majority of people do not like competition all. Especially the one that will take away their jobs. So banks are actually afraid of cryptocurrency. There was same announcement in my own country.They called on people not to get involved. Should we be afraid or the banks are!
I also know clearly that banks are in fear of crypto currencies. Blockchain is built based on decentralization which is totally opposite philosphy of banks which is based on centralized management. This is the main reason of the fear.
Jump to: