Topic: Do Banks fear cryptocurrency - page 49. (Read 17113 times)
No fear at all because the benefit of crypto in bank is big like in our own country,i think i can say in other country dont have benefit in crypto but here in my country just one click in our own wallet the bank will earn every transaction and its big if so many people do a transaction in our bitcoin wallet then make deposit in any banks,its authorize in our country so both are having benefit and its so fast in good transactions
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 so. I mean banks shouldn't be afraid of bitcoins because if it comes to trading money with bitcoins in banks, then it should be a win for bank owners since bitcoins' price increases. They can resell it to their patrons and earn even more money for investments. Banks are really clever these days.
Straight to the point..yes they are afraid of course, no more savings transaction in the banks or it would be lesser if a certain individual/depositor will be able to keep in safety online vault. or private paper wallet,
Yeah....i also think that banks are getting worried about cryptocurrencies,otherwise why they are banning cryptocurrencies??This is because for insecurity of course!!
Bitcoin is the worst nightmare for the bankers because bitcoin is the itself a banking system that take people money and then increase that amount and give it back to the people in the form of profit and that’s the man fact people are mostly investing into bitcoin not in the banks and maybe in coming years there will be no need of banks because bitcoin will be adopted by all the people across the world to earn.To be honest cryptocurrency is not a threat to fiat. It is a threat to banks, because investing in bitcoin means banks will have less money, but bitcoin is never going to replace fiat; and as a result also not banks, because I think banks cannot operate with bitcoin as the single currency that they offer.
Yeah....i also think that banks are getting worried about cryptocurrencies,otherwise why they are banning cryptocurrencies??This is because for insecurity of course!!
Bitcoin is the worst nightmare for the bankers because bitcoin is the itself a banking system that take people money and then increase that amount and give it back to the people in the form of profit and that’s the man fact people are mostly investing into bitcoin not in the banks and maybe in coming years there will be no need of banks because bitcoin will be adopted by all the people across the world to earn. 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!
In my opinion, we should not be afraid if we already know how to use bitcoin. Banks in large countries do ban bitcoin but not if we transact.They called on people not to get involved. Should we be afraid or the banks are!
Because there is usually no law governing this.
of course, if the decentralization financial realized many banker will lose their job, especially some national banks.
Thant's why China govement has been baned the bitcoin, and try to kick it out from China. Many countries could not accept people selv manager their economics without any monitoring or control from gov. it's difficult for tax also.
Thant's why China govement has been baned the bitcoin, and try to kick it out from China. Many countries could not accept people selv manager their economics without any monitoring or control from gov. it's difficult for tax also.
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!
Somehow banks maybe afraid of the fast rising of the cryptocurrencies because people now tend to use cryptos rather than physical money because of meaning things. Even though banks has already launched and upgraded their banking strategy and easy access online through the use of mobile banking, like what bitcoin has featured, the real battle and competition between the two is who gives more credits and profit or interest that is suitable for the needs and wants of the consumers? That is why banks are somehow afraid of the cryptocurrencies rise in the economy. They called on people not to get involved. Should we be afraid or the banks are!
Banks are really afraid of crypto currency, because it completely violates all the established principles of circulation of ordinary currency. In addition, the crypto currency has a very high volatility and therefore is absolutely unpredictable in price, is not provided with anything and is based only on the ratio of demand and supply. Also, a great interest in crypto currency from their clients is caused by the fact that banks lose their customers, who switch to direct settlements in the crypto currency and therefore lose a significant part of their profits.
They fear from cryptocurrencies, yet they have solutions against coins. They can issue their own blockchain and coins. This way, they would minimize the risk of getting diminished by the coins.
Yes. Using cryptocurrencies eliminates the middle man (banks) for storing the money. It is just a natural act if being threaten.
Banks are really afraid of crypto currency, because it completely violates all the established principles of circulation of ordinary currency. In addition, the crypto currency has a very high volatility and therefore is absolutely unpredictable in price, is not provided with anything and is based only on the ratio of demand and supply. Also, a great interest in crypto currency from their clients is caused by the fact that banks lose their customers, who switch to direct settlements in the crypto currency and therefore lose a significant part of their profits.
The banks are scared of it because they want to maintain control. Bitcoin is one of the best developments
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. and also banks fera reason is if bitcoin is safe and more profitable then who want to safe or deposit their money to bank .instead of crypto off course no one that,s why. 
Bitcoin has a great potential in our market. The continues improvements and performance of bitcoin can brings them from lots of opportunities and victories. Since bitcoin received lots of good feedback from its clients they can be a threat in a whole banking industry. Which sooner or later they can be dominate by them.
Those bankers who are old-fashioned - they do affraid I think. As for the progressive ones, I'm sure they just think about how to use cryptocurrency to get richer. If they won't be able to support this technology they have no future, and they understand it.
It is a threat to banks especially to central banks, because it will make their very own fiat money weak. If many more people start to use bitcoin for business and especially to acquire their everyday needs, then it would be very bad for central banks. Additionally, some banks which work as retail banks, would also be afraid of this because most of their investments are in fiat money. So if the bitcoin becomes more powerful than fiat, which is already happening, then the value of their investments would also go down. This is because many more people would have alternatives to using retail banks, such as the other crypto currencies. If you also put it in terms of deposit, the customers of banks would then rather keep their money in bitcoin because the value keeps on rising by the day, instead of relying on the very small interest they get from keeping it in a bank. So it is really a threat to 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!
i'm not too amazed of the central bank of Albania issuing such warning. The banks see cryptocurrencies as a thread to their survival.They called on people not to get involved. Should we be afraid or the banks are!
Many people are shifting to investing in cryptocurrencies and it will get to a time the banks may probable sink in the financial market.
I think there is nothing to be afraid because the revolution is now and cryptocurrencies are here to stay.
Some banks fear Bitcoin because they believe it will crash the fiat system. They fear their customers turn to crypto and they dont make any profit anymore.
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!
Yes it is true. Most of the banks are afraid to the cryptocurrency. If the cryptocurrency became more popular, many investors will invest their money in the cryptocurrency world rather in banks because cryptocurrency investments are more profitable. They called on people not to get involved. Should we be afraid or the banks are!
Banks are scared of crypto because it cuts them out of the process, i.e., with crypto the middle man ceases to be a centralized affair and becomes distributed across hundreds of nodes on the network. If banks can't control and wheel and deal their way through the current financial system, they will eventually shrink and cease becoming multinational entities.
Yes, they will fear in the popularity of the cryptocurrency because cryptocurrency are their most competitor and crypto has more benefits than banking thats the reason why they make a noise about cryptocurrency that this currency are unsafe and making a negative news about it even im the owner of banks i will make this news too because that is my biggest enemy so other investors will go back in banking, But people nowadays are not fool even they make a false news about crypto so many famous investors promoting it.
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