Do Banks fear cryptocurrency - page 57.

UchihaRukawa

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Quote from: flag39 on July 15, 2017, 01:59:50 AM

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 guess they know the awaiting problems that cryptocurrency will bring upon them. Well, in my opinion, bitcoin and the cryptoworld is not made to bring down the banks but to work together with the banks. We can see that we cant do anything yet with our cryotocurrencies without converting them into cash, which we withdraw from the banks, especially to countries with very low knowledge about cryptocurrency.

Mei1418

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Quote from: flag39 on July 15, 2017, 01:59:50 AM

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!

Are you serious sir??

bncbnc

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Quote from: Tiktik on November 13, 2017, 06:02:18 AM

Quote from: flag39 on July 15, 2017, 01:59:50 AM

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!

As far as i know bitcoin have a potential to replace bank thats why manye goverment alarm about bitcoinso thats why some goverment trying to ilegalized this and banned this bitcoin.

But i do not think that it is so easy that bitcoin will replace banks so easily, still it will require a lot of time and hard work because still the users of bitcoin are very low, and i think that it can take more thank decades to replace banks as banks are still the first option to be use by the people for different purposes.

InBTC4years

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Yes the banks do fear crypto but they love it also through Ripple. American Express today jumped onto Ripple.

VinhPrep

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Yes they do cause when Bitcoin is legalized in any country it'll be the better choice for people to invest in cause the profit they can get from Bitcoin is much better than the monthly interest they can get from Banks so it'll make the amount of money banks get from investment decrease and it'll be a big lost for them and maybe it'll be the cause of Banks bankruptcy.

annanava

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Quote from: flag39 on July 15, 2017, 01:59:50 AM

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!

This is a normal reaction to the nature of cryptocurrency. Because like they are a decentralized currency, this means the no use of banks which causes such a big thing. The bans and declarations of many countries about it, it's just a response that tries to minimize the effect. However we still know that invest in cryptocurrency is amaizingly productive, overall on propthereum.io

Alok_Yadav

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Quote from: Drnice on July 15, 2017, 02:24:02 AM

Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.

I don’t think banks feat Bitcoin since they try to develop their own solutions with functionality similar with bitcoin. Especially banks got interested in the blockchain technology and a distributed ledger concept that lie in the heart of bitcoin.

Pujangga

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Of course afraid, when the customers run and do not want to use banks for the transaction will make the bank becomes quiet so that one day later could lose and eventually disappear.

dillo666

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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.

acener

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★Bitvest.io★ Play Plinko or Invest!

Quote from: flag39 on July 15, 2017, 01:59:50 AM

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!

Well, they think it is unsafe because they don't know the safety precautions that the programmers put into it. I highly doubt that they have great knowledge when it comes to online world. This may be the reason they are afraid of it.

joanshu

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Some banks feel btc as a threat as they think that it is taking over their business.

Boriscarter1

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Yes I personally feel that there is a possibility of fear to the banks towards crypto currency. As its a question of their business as well as chances of possible cyber attack.

Bitcotalk

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Quote from: popo0709 on November 07, 2017, 08:26:29 AM

well some banks says that it really unsafe..some countries are shutting down bitcoin and other crypto-currencies because it may be used in illegal transactions since it has less information of the owner and it is not well regulated by those banks or countries..it will most likely have trouble with fraud and money laundering

Yes but I am not sure why the people are unsecure of the bitcoin I know how the bitcoin is increasing more and more I know how fast the bitcoin will increase more till the end of the world the bitcoin is growing and I know how the bitcoin will be the safe currency and a lot of the people are having the bitcoin at the same time I can tell you the basic value of the bitcoin to give the secure wallet the bitcoin so it is more secure than the bitcoin.

mammoniter

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Quote from: CARrency on July 15, 2017, 02:05:16 AM

Quote from: flag39 on July 15, 2017, 01:59:50 AM

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!

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.

Correct, they would definitely try to warn other people even without enough proof that bitcoin is not a legit currency they would throw negative feedbacks to warn possible investors and eliminate competition or threat to their system since bitcoins decentralization is the major key that banks do not have plus not to mention their continues service fees and even slow services with a lot of requirements.

Monartis

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It seems to vary from one country to the next, as well as from one bank to the next.

Tiktik

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Quote from: flag39 on July 15, 2017, 01:59:50 AM

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!

As far as i know bitcoin have a potential to replace bank thats why manye goverment alarm about bitcoinso thats why some goverment trying to ilegalized this and banned this bitcoin.

hashtag101

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Quote from: CurlyGirlyBee on November 12, 2017, 03:56:21 AM

I think it is much more like that banks does not have much believe in on bitcoin or we could say not one at all. It is because of bitcoin being decentralized and very volatile and they most likely are planning that bitcoin is just some sort of scheme and it also is harming their business. But there's also some banking institutions that are aware of bitcoin's true character and i believe bitcoin's value will increase in addition if banking institutions will support bitcoin.

What's the benefit if the bank accept and use Bitcoin? Do you think they trade Bitcoin and the Bitcoin price increase help them get profits? In my opinion, the banks don't need Bitcoin for their activity and make money through trading. They have forex, stock, gold, real estate and many projects to join and make money, these fields are better and safe than Bitcoin.

CurlyGirlyBee

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I think it is much more like that banks does not have much believe in on bitcoin or we could say not one at all. It is because of bitcoin being decentralized and very volatile and they most likely are planning that bitcoin is just some sort of scheme and it also is harming their business. But there's also some banking institutions that are aware of bitcoin's true character and i believe bitcoin's value will increase in addition if banking institutions will support bitcoin.

laytonhebert

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like this is already often the case, for those who are beginners in bitcoin globe will certainly stress. But for people who have lengthy known bitcoin, things like this are normal and can come back as prior to.

LifeRacer

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Banks are really afraid of Crytocurrenies,anxiety about no central authority or middleman dealings,i think this the main reason why government are afraid of the cryptocurrency too.Nothing like the fiat forex were government have control over it

Topic: Do Banks fear cryptocurrency - page 57. (Read 17113 times)