Topic: Do Banks fear cryptocurrency - page 47. (Read 17113 times)
Definetly Yes Banks are afraid to us because there are people choose to store there money in bitcoin and they afraid of losing clients. Bitcoin can dominate the banks as they warning bitcoin or to ban bitcoin.
It's competition, simple as that, written down on paper. Central banks also want to protect their respective country's currency so it doesn't become inflated or worthless in general, but the gist of it all is that cryptocurrencies do not need banks to store them, they can be amassed mostly anonymously, and can churn out a huge profit for the hodlers that own alot of bitcoins. They will eventually accept crypto as the way of the future, it's just too early now, still a taboo subject and so on.
They have no way of controlling the crytocurrency. It does not need a 3rd party and the bank is definitely not the choice.
I dont think so that banks fear cryptocurrency right now, but i think in the future banks will totally fear cryptocurrency, because i am sure that in the future cryptocurrency will be know by many people and will be support my every people in this world, and i am very sure that cryptocurrency will surely do whats the banks can do in the future. 
On the part of banks, bitkoyn does look frightening and uncertain. They are accustomed to a secured hard currency, according to which each step is painted with a set of instructions. And here a set of figures is called money designation, unsecured and incomprehensible by whom and how created, moreover with such a huge value. In addition, the price of bitcooney a couple of days ago was about 9000 dollars, yesterday it was more than 17 000 dollars, and today it fell to 15 500 dollars. Well, this is not to be frightened.
Crypto currency, LN, between atomic swaps, P2P payments.
Step by step there is no need for banks.
Previously, money was stored in banks, now they are stored on servers.
A huge number of non-productive resources will be released.
Step by step there is no need for banks.
Previously, money was stored in banks, now they are stored on servers.
A huge number of non-productive resources will be released.
Yes I also believed that the banks are afraid of the steady rise of cryptocurrency along with its value in the market especially bitcoin and also the growing users of the cryptocurrency makes the banks feel uncomfortable because as more users trust bitcoins and other cryptocurrencies more people will become aware of the advantages in using bitcoin or any other cryptocurrencies such as the anonymity to transfer million dollars to any part in the world with a very minimal fee.
Well it's obvious that the banking system (forex) hates competition from the commodities stock exchange and so if bitcoin and the blockchain has the tendency to render them and their system useless then i guess they will feel the natural hatred for it and even attempt to get it out of the system.
They have no way of controlling the crytocurrency. It does not need a 3rd party and the bank is definitely not the choice.
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.
I think the Bank will not be afraid of bitcoin, because in any country as long as the government within a country has its own rules and regulations on the legitimate currency to make transactions, the bank will always be the main choice of the community, thus proving that bitcoin will not be used if not through the bank. Until now if we want to enjoy the result of bitcoin then we have to do the exchange first.
Banks fear so much crypto currency for many factors. Crypto-foreign currencies are less danerous unknown, translations are quicker. You do not need to pay taxes, don't need a lot of document procedures. The factor to bitcoins is a lot more profitable compared to contribution towards the financial institution. We've got the technology blockchain is waiting for its introduction into the financial world of sales and so on.g,
If someone has saved his money in banks, he must be aware of the fact that banks deduct a good percentage of interest from his money. They also give tax to the government, when we want to transact money, we need to pay charges for that too and these charges are a way higher than the ones that we pay for digital currency’s transactions. Bans are very expensive and that is why people supported digital currencies. 
Banks fear so much crypto currency for many factors. Crypto-foreign currencies are less danerous unknown, translations are quicker. You do not need to pay taxes, don't need a lot of document procedures. The factor to bitcoins is a lot more profitable compared to contribution towards the financial institution. We've got the technology blockchain is waiting for its introduction into the financial world of sales and so on.g,
If someone has saved his money in banks, he must be aware of the fact that banks deduct a good percentage of interest from his money. They also give tax to the government, when we want to transact money, we need to pay charges for that too and these charges are a way higher than the ones that we pay for digital currency’s transactions. Bans are very expensive and that is why people supported digital currencies.
I don't think that's the reason why they destabilized or prevent bitcoin from going in their country. Because at the end of the day people would still choose cash over money on the internet especially those residing in their urban or local areas. And what better of it who provide cash on people through loans or savings which is bank.
I think cryptocurrencies are serious competitor for banks and fit currency in the future. Thus the concerns of safety and so on.
Of course they are afraid to the cryptocurrency. Here in my country, the cryptocurrency is a hot topic in our senate. There are senators and congressman in my country that want to ban the cryptocurrencies. I am sure that they want to protect all of the financial institutions.
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!
They would not make their own ceyptocurrency if that is not true. I also think that cryptocurrency is something that the whole world knew nothing about and the banks for all their hold in money and power were surprised. Y how fast it grew and blossomed
Banks are not terrified of crypto currency , they are just endeavoring to be careful their nation's cash.
Rather than digital forms of money to influence banks to vanish, they will cooperate to accomplish one point.
Rather than digital forms of money to influence banks to vanish, they will cooperate to accomplish one point.
Yes banks fear crypto currency for sure. this is glaring from the advice and warning they issued to their customers to be careful ans stay away from any thing called cryptocurrency. The banks from recent activities might have find out from a reliable source that their customers are investing in crypto currency and they decide to advice them to stay clear of it. Definately banks fear cryptocurrency. As it is one that can cause less effective turnout in their business.
I think, so many banks fear from crypto currencies, because they know that they are booming at the moment
Though most banks are losing customers due to bitcoins, there are a lot of banks who are smart and they are currently investing into bitcoins because they see the value and the potential that it has. 
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
Bitcoin is going to force the government banksters back to a gold standard.
Short of turning off the internet it is out of their control.
Bitcoin blockchain is going to force not just governmemt to behave responsibly, but people as well.
Short of turning off the internet it is out of their control.
Bitcoin blockchain is going to force not just governmemt to behave responsibly, but people as well.
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