Topic: Do Banks fear cryptocurrency - page 65. (Read 17113 times)
Banks do not want competition and to them, bitcoin is competition. As more people adopt bitcoin, lesser money flows I to the banks. It sure is a threat to their sustenance and it'll get tougher for them as more people get to know and trust cryptocurrencies.
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!
You can save cryptocurrency without the assistance of the bank. so not need bank.as a result as a result the bank lost its customer.and now cryptocurrency competition for bank. so i think it true.
If the banks customer continue run and prefer to use bitcoin then banks deserve to worry, I'm sure banks are also aware of this so they will continue to campaign using bitcoin is illegal and ask the government to banned bitcoin.
At first, bitcoin was a way to make payments without banks. that was like 5950 dollar worth of price ago, however. it wasnt really a threat at the time; there was no real reason to actually pay attention to something that small relative a bank. since the price has increased so dramatically, banks feel threatened, as well as having to deal with folks trying to use them to cash out illicit bitcoin (they get penalized even if not at fault, if they facilitate the transaction. notice how every time we hit an ath, the fud from bank heads and investors starts to make the real news?
thats not a coincidence
If the banks customer continue run and prefer to use bitcoin then banks deserve to worry, I'm sure banks are also aware of this so they will continue to campaign using bitcoin is illegal and ask the government to banned bitcoin.
I don’t think that I will be afraid of crypto currencies at any time because I live on them (almost) and trying to achieve big goals with them. If crypto was not there then I’m probably be a bad ass working around the clock like shit. Crypto currencies have given me freedom of choice and they gave me straight forward life. Truly you can say that I’m attached to it emotionally and I like it the way everything is working for now.
Central banks sucks. They never given us freedom to earn interest on our saving and always give out loans on heavy interest rate by using public money. How can we trust such institution. That’s bullish nothing else.
Banks are really afraid of the crypto currency because the crypto world is eating out their customer base. 
I like the idea of putting the bank as devil who is ready to eat crypto currency of government given them chance to do so. But that’s not possible because it’s big market and now many big investor have invested in it in great amounts. If they loose money then it will affect the national economy in indirect mode which no governing body will want to happen. So surely crypto currencies make the banks think twice about it.
I like the idea of putting the bank as devil who is ready to eat crypto currency of government given them chance to do so. But that’s not possible because it’s big market and now many big investor have invested in it in great amounts. If they loose money then it will affect the national economy in indirect mode which no governing body will want to happen. So surely crypto currencies make the banks think twice about it.
It depends to the bank strategy Banks can control the nature of the cryptocurrencies today, Banks only to control the cryptocurrencies in marketing strategy if also depend on the people because think not 100% people know the bitcoin. If banks can’t control the people to use cryptocurrencies the tendency of the banks will be bankrupt.
i think so.because we don't want a bank to keep cryptos like bitcoins.we have safe wallets.we don't want interest for them because the value of them increasing rapidly.and when we talking about ICOs lot of companies raised fund via ICO for their projects.that is a big upset for banks.because companies don't go to banks to get loans for their projects.and banks don't like that.
It's a suggestion as well as a reminder, that cryptocurrencies are very risky because high fluctuations. They are worried about ordinary people taking the risk investing in bitcoins that are not yet understood by them about the system.
Central Bank of Albania said that people should afraid in cryptocurrencies, think if all people courage in cryptocurrencies and all people use bitcoin wallets, banks might be lost or might be bankrupt we know we said bankrupt the state of lack in particular or value. The central bank said to people because afraid to be lost or bankrupt
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!
Bank System Depend on proof your ID so that any service give you money without ask you to add ID warning about it.They called on people not to get involved. Should we be afraid or the banks are!
if you see prepaid credit cards like crytopay when proof your ID you can use your card in any place .
So that i say big problem with Bitcoin you can use it without ID
Yes they do fear it. Due to many investments to cryptocurrency, Many banks lost their customers coz they deposited their money into bitcoin. When no one deposited their money to the banks they will be forced to file bankrupcy.
I doubt banks are worryed with crypto currencies at all, since almost all of us even taking out the money from the banks will end to return to the bank to exchange the crypto into fiat, soo banks will keep collecting their fees and offer their services. Crypto isnt a big problem to the banks since we keep using and need the banks to cashout from crypto to fiat, even with already some companies providing bitcoin debit cards, it wont be enought.
Not that they are afraid but i think they try to prevent people from investing on cryptocurrency. They cant stop people from investing on cryptocurrency that is why they panic since they cant profit from the people who put there money on bitcoin instead on their bank.
Yes I like your post you have mention one reason that why banks fear crypto currencies. The main reason is people has started their investment money into these currencies and the amount first which was deposited into the banks now deposited into crypto currencies and that’s why banks fear and they also fear when the point of acceptance comes.
i think yes but not totally because they are also backing their own crypto currency in this emerging industry of blockchain that is totally better than bank system but bitcoin cannot kill banks that easily because all business is using banks as storage of their business money for safety but bitcoin is much better because the capital appreciation is really higher than bank interests
Banks generally have fears from anything illegal and can influence their work and brand.
Also the flow of the Bitcoin Transactions is very high.
In addition they have that bad idea that all transactions are suspious and illegal.
Also the flow of the Bitcoin Transactions is very high.
In addition they have that bad idea that all transactions are suspious and illegal.
bank afraid if them lost their customer because of cryptocurrencies, the afraid taht cryptocurrencies can ceplace the bank activity like transfer receive money and sending money. and i think it will be happen is cryptocurrencies is more popular somday
Not that they are afraid but i think they try to prevent people from investing on cryptocurrency. They cant stop people from investing on cryptocurrency that is why they panic since they cant profit from the people who put there money on bitcoin instead on their bank.
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 so. It will really affect the banking industry. But I guess they can collaborate with each other to have a product that are both beneficial for them.
For now maybe bitcoin transactions are still very small, but if the year 2018 rises up to 500% as this year it is certain that banks will be afraid of cryptocurrency. In addition, banks are also afraid if the government legalizes bitcoin so users immediately switch to bitcoin.
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