Topic: Do Banks fear cryptocurrency - page 4. (Read 17113 times)
Bitcoin has no tax now in some countries, but it will have tax in the future. If you make income from it, you HAVE TO pay tax not to be charged by your government. I think banks are fearing bitcoin.
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!
The bank is afraid that btc will exceed the legal currency. Real cash is usually eaten by inflation. This is why investing your money in the bank is not always a good reason, because it only compensates for the loss of your money over time. In addition, Bitcoin offers more profits and allows users to gain privacy while investing. In terms of transactions, btc proved to be faster and more convenient. They called on people not to get involved. Should we be afraid or the banks are!
Banks are really afraid of Crytocurrenies,fear of no central authority or middleman transactions,i think this the primary reason why government are afraid of the cryptocurrency too.Not like the fiat currency were government have control over it
Most of the bankers are oblivious about Bitcoin and how as they put it the whole Bitcoin economy works. Scanty knowledge is prevalent amongst bankers. Very few really understand how the Blockchain works and what it means for bankers.
Yes they really are afraid of cryptocurrencies because unlike bank they have higher fees and it have some lots of requirements it needed, whereas in bitcoin and other cryptocurrencies it is fast and it has lower fees so if the cryptocurrency will boom they will not be needed that's why they fear it. But here in the Philippines some banks are involve in bitcoin transactions and I find it good.
Yes I think the same, though people might say they are just protecting their clients they are actually safeguarding their investment too because if their clients transfer to bitcoin they will suffer a big loss financially. Bitcoin has become a threat to them and a big competitor. I even think the this banks and certain governement are funding black propagandas against bitcoin as a sort of attacking it in a subtle way.
From my view we should not be afraid of crypto as crypto compare to bank the biggest difference is bank being centralize and crypto being decentralize. If crypto is adopt by vast majority the bank stand will be shaken. So they rather destroy the enemy than wait for being destroy by the enemy.
Losing customers by banks through crypto. Its manipulated meaning because for now crypto not uses for pay massively
i think the existence of cryptocurrency will disrupt the bank system in our world.
they may not fear crypto, but they will trying to make crypto won't replace bank system in the future.
they may not fear crypto, but they will trying to make crypto won't replace bank system in the future.
Well, I think most people really don't have a clue about the versatility and value of cryptocurrencies including bitcoin. They just jump into making a quick profit from cryptocurrencies as well as from Initial Coin Offerings (ICOs) I think most banks are warning the public about the risks involved in those types of investments. The banks and governments have obviously identified the importance of cryptocurrencies and blockchain technology and eventually they will adjust to the flow and implement their own cryptocurrencies and blockchains. So I don't think banks are afraid of cryptos at all. Crytos have a long way to go in terms of getting mass adopted.
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 it is possible. Cryptocurrency is one of a competitor for most of the banks due to its decentralized platform which drag more investors. Banks is threaten because there is already alot amount of individuals who pull out their money in order to put up in crypto currency.
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!
Ofcource they are scared. When crypto adoption rises their "services" will be completely disrupted.
Name one service that crypto or any other non profit decentralized organization cant offer in a better way. Banks are practically useless greedy parasites. They know that and they will fight up until the last second to grab as much profits they can before they go extinct.
i don't think so, because bank can take advantage from it, they can open their own bitcoin exchange if govt. Allow and implemented technology in banking system ( block chain technology). Blockchain will increase bank's efficiency and services, i don't think bank fear from crypto.
Of course banks fear cryptocurrency. Cryptocurrency can substitute banks and financial institutions and allow people to manage their own money with no intermediary.
I agree with you, banks really fear cryptocurrency, because cryptocurrency is the future of this world and i know that many people in this world will choose to invest there money with cryptocurrency rather than saving it on the banks. 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 don't think that the banks is afraid of cryptocurrency. In fact many banks already adopted on how crypto market works. They already set their eyes on innovation which could probably benefit them in the near future.
I think, yes, banks fear a widely adoption of crypto-currencies. Moreover, the financial and payment cards companies fear crypto-currencies. But take a look at Ripple, it is the third coin according to capitalization. Now its transactions are faster than Visa, and banks approve this "crypto-currency".
I think yes because they fear bitcoin can give some storage and savings to btc users and thats the reason why people will not use bank for their money to store and for their money to be saved.
Yes I am also thinking the same as banks are starting to fear bitcoin for the right reasons. Big consulting firms like KPMG, Accenture, and Deloitte have started scaring the banks with stories of Kodak, Polaroid, and the record industry, that the banks are starting to be very, very worried that their business model is obsolete.
there are many things that make them issue such statements.
they are afraid bitcoin is in the wrong hands and abusing it, and they are afraid bitcoin is in the inexperience to make the person lose or even the bank is afraid of losing the mark with bitcoin because in fact bitcoin does not need the bank.
this is just my assumption
they are afraid bitcoin is in the wrong hands and abusing it, and they are afraid bitcoin is in the inexperience to make the person lose or even the bank is afraid of losing the mark with bitcoin because in fact bitcoin does not need the bank.
this is just my assumption
yes banks do fear cryptocurrency, they feel it will overshadow the use of fiat currency and this means bad business for them that is why they kick against it
Phisicks banks are afraid and craziest of bitcoins because of a new technological block chain behind it. The decentralized character does very popular today that almost many countries know about it, and some countries have legalized it. Therefore if people begin to compare bitcoin or banks, they for certain will prefer bitcoin, it threatens a banking system.
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