Topic: Do Banks fear cryptocurrency - page 61. (Read 17113 times)
Yes of course banks fear crypto currency. They see it as a big threat because it can take over the world and this will put an end to bank irrelevant charges.
Central Bank in my country said bitcoin not legal, but for those who gave transactions with bitoin on their own risks. I don't see it's the sign that bank fear crypto, the bank only keep their money currency stable, because in my country many old generations dont use crypto (money) this is what makes bank not afraid of crypto in my country, but don't know for how long. CMIIW 
Our society become advance day by day. Bitcoin brought into us anew disruptive world, which is more dangerous than the Internet in some way it affects banking system also. Bitcoin force them to innovate. Bitcoin bring us most innovative emerging technologies which has potential to improve banking. Bitcoin provide secure money storage and money transfer without involvment of third person. This things attract more business person, common peoples. So bitcoin became a threat for many banks.
Bank don't fear about bitcoins much as till its not legalized properly all over the world people still need fiat currency to use in the market and to pay bills. Till btc don't get legalized as fiat currency btc can't be accepted openly.
I think that is our "luck" for now. So the few Bitcoin users can use it without fear of retaliations from banks side. But it's slowly changing... Even more the banks are more interested in Bitcoins and are sending signals to their respective governments to start taking actions about it, for an example to legalize the currency. Soon there will be many people using Bitcoins and when this day comes there will actions to regulate and legalize Bitcoins on each country.
Bank don't fear about bitcoins much as till its not legalized properly all over the world people still need fiat currency to use in the market and to pay bills. Till btc don't get legalized as fiat currency btc can't be accepted openly.
That's the outlook each and every user has, but in reality banks fear much about bitcoin as well other digital currencies. Everything is purely upon the growth it has reached in a very small time frame as well the flawless functioning. Though it's dependent on banking section, banks fear of the backing technology and keeping them up to date to cope with it. 
Bank don't fear about bitcoins much as till its not legalized properly all over the world people still need fiat currency to use in the market and to pay bills. Till btc don't get legalized as fiat currency btc can't be accepted openly.
of course yes bank are really afraid of not only cryptocurrency but any digital currencies. they consider it as a treat to banking. what do you think if people stop buying treasury bill on invest in fiat but choose to invest in cryptocurrency. it might affect the existence of a banking system. i have met so many banker when you speak to them about cryptocurrency the next thing they will tell you how you will lose your money by being scam as if you cant lose fiat through scam
I don't think so, long before any other currency like paypal, skrill, bitcoin, perfectmoney, etc. with their own technology,
The Bank already has an established system used by the general public.
So basically technological progress is good for the bank itself, where the bank should be more able to give freedom to its customers, where the technology crypto exists because of the tendency of people to be free in managing money and without strict supervision
The Bank already has an established system used by the general public.
So basically technological progress is good for the bank itself, where the bank should be more able to give freedom to its customers, where the technology crypto exists because of the tendency of people to be free in managing money and without strict supervision
i think so, because there are lot of investors who supported in bitcoin and it is one of the reason that many banks afraid when they loose many people especially those who have more shares on them that going to bitcoin. as times goes by there are lot of bitcoiner who proven that bitcoin have more advantages that 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!
of course, they (the Bank) fear their efforts will be defeated by Bitcoin, They called on people not to get involved. Should we be afraid or the banks are!
so they issues that make it as if Bitcoin is not safe,
they have started studying Blockchain Technology because they know Blockchain is the most secure financial technology today...
This warning clearly throws a light on the fact that Banks are afraid of cryptocurrencies.According to me their fear is right because people are now prefering Bitcoin over Banks. People are investing their money in Bitcoin instead of Banks because Bitcoin provides them more profits. People are using Bitcoin for their transactions instead of Banks because Bitcoin is decentralized in nature so government has no control on it and as there is no control by the government so no tax is imposed but transactions through Banks are under the supervision of government. Moreover people feel more safe in keeping there money in Bitcoin wallets because they can keep a check on it and nobody can access there wallets .
Of course the banks are afraid of bitcoin. Because it is a market open to speculation. It is not possible to predict what will happen. But they can also invest.
From the point-of-view of crypto-lovers, we think that banks should fear cryptocurrency because cryptocurrencies offer a lot better things than that of the banks. We think that a decentralized network is a lot better and that's true. That's true for us, the crypto-users. We also think that cryptocurrencies are going to be the future because we are making money from it and the community is growing continuously. On the other hand, banks don't fear cryptocurrencies. Why? Because they know that the masses are still not ready for it. They know that people are still very unsure about things on the Internet and their first reaction about bitcoin is it's a scam. Just last week, bitcoins were on the news in my country and the first line they said was that bitcoin is a scam. They are at least filtering out the "sheeps" or the people that wants to try bitcoins but are a little scared to do so.
Yes I would say banks would be afraid of this evolving cryptocurrency,
and I think if they get the chance they would stop these currency for growing. But I doubt it could happen.
and I think if they get the chance they would stop these currency for growing. But I doubt it could happen.
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 big ones? Not very, they're in a bit of a different industry so they should be ok even if everyone started using btc. They called on people not to get involved. Should we be afraid or the banks are!
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!
Banks are the source of money regulation in an economy and financial source of help for people but if cryptocurrency gain popularity banks might loose their role of money controller as nobody would prefer fiat currency so yes they must fear about rising importance ofcryptocurrencies if they want to survive in long runThey called on people not to get involved. Should we be afraid or the banks are!
Not only that, people would love to invest into cryptocurrency as they are more easy to get into. Long term investment would really bear fruit if you invest in a good timing with the right amount of money. And they are more efficient and reliable than going to banks just to sign paperworks that tells your interest and other stuffs.
If I have such a currency which is easily usable all over the world then why should I use banks for transaction? When there is a digital banks which holds my bitcoin then why would I keep my money in the regular 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!
Banks are the source of money regulation in an economy and financial source of help for people but if cryptocurrency gain popularity banks might loose their role of money controller as nobody would prefer fiat currency so yes they must fear about rising importance ofcryptocurrencies if they want to survive in long runThey called on people not to get involved. Should we be afraid or the banks are!
Not only that, people would love to invest into cryptocurrency as they are more easy to get into. Long term investment would really bear fruit if you invest in a good timing with the right amount of money. And they are more efficient and reliable than going to banks just to sign paperworks that tells your interest and other stuffs.
If I have such a currency which is easily usable all over the world then why should I use banks for transaction? When there is a digital banks which holds my bitcoin then why would I keep my money in the regular banks?
I don't think so as banks are an integral part of many people's and cryptocurrency users are less so as of now banks don't worry about cryptocurrency.
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!
Yeah, I think so. If people have a power to manipulate and keep their own money the job of the banks will gone. Banks in the place where people hide their money so that there job will decrease. They called on people not to get involved. Should we be afraid or the banks are!
Yes, they are afraid to this cryptocurrency. The one reason is if all people withdraw their money in the bank and they put into cryptocurrency the bank has no more money. But if i own a bank, I'll just think of making my own coin.
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