Topic: Do Banks fear cryptocurrency - page 66. (Read 17113 times)
Banks absolutely fear cryptocurrency. They have no idea what to do and they are completely panicking. They first tried to bash it, and now they are toying with starting their own cryptocurrencies as well as playing with enterprise blockchain applications.
Bitcoin has brought a tremendous change in the lives of the people which attracts more and more cryptocurrency users to the crypto world or the digitized world which scares the bankers of losing their job as all are preferring to use digital currency rather than using traditional currencies, banks fear that people will withdraw deposits to invest in cryptocurrency market which will make the banks to shutdown other problem faced by bankers is that they cannot control people's money if all start to adopt cryptocurrency network than the traditional banking systems.
Banks are afraid of crypto currency for many reasons. Crypto-currencies are safer, anonymous, translations are faster. You do not need to pay taxes, do not need a lot of paper operations. The contribution to bitcoins is much more profitable than the contribution to the bank. The technology blockchain awaits its introduction into the banking sphere of accounting and so on.
I don't think so not many banks have come forward and tried to attack Bitcoin so I don't think they care too much.
No absolutely not.
See you cannot confuse banking system with crypto currency.
we use fiat money in bank so we know no matter what happen we will never gonna loose our value.
but in cypto the market flactuates every second today we maybe in gain but if tomorrow you 1000usd become 500usd you are gone for sure.
See you cannot confuse banking system with crypto currency.
we use fiat money in bank so we know no matter what happen we will never gonna loose our value.
but in cypto the market flactuates every second today we maybe in gain but if tomorrow you 1000usd become 500usd you are gone for sure.
The banks are not afraid about the cryptocurrency because they know that they can make moves to prevent the possible threat of the cryptocurrency and because of support of the government and if i am not wrong, they will create their own digital currency so they can have a good competition compare to the cryptocurrencies that are volatile.
I think so. so many bad things if cryptocurrency has been famous over the bank. especially if it can be a better investment than a bank. I think it's true if banks are afraid of going to the popular cryptocurrency.
Although current banking system is strong but they don’t to encourage cryptocurrency/bitcoin at any cost because they consider bitcoin a great threat to their system. Banks has already suffered due to less investment by people because people are now interested in cryptocurrency/bitcoin investment and they prefer bitcoin instead of banks because bitcoin business gives a good return to people than banks so why people will not prefer cryptocurrency for business which has gotten immense popularity among societies/masses. Bank’s business is suffering badly due to bitcoin popularity that’s why banks doesn’t want growing of cryptocurrency.
At the time being they are not scared of it but they get concerned about it. Specifically because crypto currency gives to them no chance to charge any of their ridiculous fees and rates. In the years to come when cryptos, will expand even further, will pose a real threat in their profits and then the games will begin.
Probably, though i don't there's any need for banks to be anxious or fear crypto. As long as they have government backing, crypto would only be second fiddle to them and they'll remain the top market holder.
It is he bank who should be afraid of bitcoin because bistcoin also serves as bank that has far more greater interest in your investment.
At the time being they are not scared of it but they get concerned about it. Specifically because crypto currency gives to them no chance to charge any of their ridiculous fees and rates. In the years to come when cryptos, will expand even further, will pose a real threat in their profits and then the games will begin.
When the use of bitcoin continues to increase automatically people do not go to the bank, this makes banks afraid and thinks that cryptocurrency is the biggest threat in the history of banks.
Bank might fear cyrpto currency because they don't have a business on it. once it is successful banks will not earn anything.
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!
true banks afraid to the cryptocurrency bitcoin the reason have a possibility to change the position tradional bank become disappeared in the world of currency and bitcoin bank raised in the whole world many people todays are goes into the bitcoin to invest their money because of faster increasing and profitable.
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!
Yes, many banks are concerned about the existential threat posed by cryptocurrencies, given that they are decentralized and cut out the middleman, and shift power to the users. The banks are thus much like the music industry when peer to peer file-sharing took off. The banks should think about offering services to cryptocurrency owners rather than using empty scare tactics.
Really?
You give the example of the file sharing.
Well netflix and youtube are killing filesharing in the us. Also the use of smartphones forces a lot of users to look for alternatives as filesharing websites are full of ads malware and really not adapted to mobile usage.
And do you think banks are not adapting?
Check the threads and look how most of people store their coins, in online wallets a.k.a banks ,also most use banks to send or withdraw funds.
Besides, have you seen the cheering of goldman
The banks are not afraid, they have hundred of trillions to play with, bitcoin is just a drop of water in the ocean to them....for now.
Of course they are. People instead of keeping their money in the banks they prefer to invest in bitcoin.
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!
It seems that from our first investment in the crypto world has many risks that become our own responsibility, not only the Bank of Albania, many local banks from other countries also reported the same statement, who appealed to be cautious in investing in krypto, because In the country I Btcoin has also not been acknowledged as a legal payment instrument and if there is a risk will be its own responsibility because the government will not be responsible for any risks that occur.They called on people not to get involved. Should we be afraid or the banks are!
So we do not have to be afraid of such a bank statement.
I think so. so many bad things if cryptocurrency has been famous over the bank. especially if it can be a better investment than a bank. I think it's true if banks are afraid of going to the popular 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!
They called on people not to get involved. Should we be afraid or the banks are!
Banks has a lot of budget for their economy but it was also a huge threat to them because time deposit's are now useless if you will invest in bitcoins. I prefer to invest in bitcoins rather than to place money in the bank because the growth of your money is low. Maybe a lot of investors will choose bitcoins over placing their money in the bank for long term investments.
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!
How about Stock Markets? do they won't involve in them? Now banks get a lot of fear because of money transferring made easy and they might be in loss of some percentage. They called on people not to get involved. Should we be afraid or the banks are!
It is still new to the world, but in future they need to rely on other assets instead of currency exchange. Some people don't know much about Crypto currency and why do they have to involve or use it.
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!
It may be a little bit scary for banks but not for now. People are using cryptocurrency and their wallets but they are changing their bitcoins to paper money to spend and buy something that they need. For many years it will continue like that I guess. But if they think about 80-100 years after, banks are right about bitcoin will cause many problems for their legal currency.
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