Topic: Do Banks fear cryptocurrency - page 79. (Read 17113 times)
if people using too much cryptocurrency so we don't need a bank ! Therefore banks will afraid of us - the crypto-man !
Yes of course, cryptocurrency becomes a serious threat from the bank, when many people divert transactions to cryptocurrency of course this becomes a bad omen. They will not want to go to the bank and the bank will disappear.
Banks have many doubts about crypto currency and they have fear because more people start using this currencies day per day. Banks are decentralized and having very slow and complicated methods to get you fully verified and then making your transaction easily.
I think that way too. One bank that I know in my country is innovative and very open about bitcoin because it funds them and also investors go directly to that particular bank and now, it is listed as top rated bank in my place. It wasn't recognized before when it was new but because they strive hard to find ways on how to make it better for its service to people. I think not all banks fear about cryotocurrency it's just they are worried on how to deal with bitcoin specially not all governments accepted bitcoin in our society because for sure tax is always there. How clever they are. Maybe the fear of many banks are the investors trust on the money they put up for savings. We expected for a higher interest but it's not happening in the bank. 
Banks have many doubts about crypto currency and they have fear because more people start using this currencies day per day. Banks are decentralized and having very slow and complicated methods to get you fully verified and then making your transaction easily.
It’s mainly because Bitcoin is pretty knew, Banks fear the new technology that Bitcoin brings and that’s why they are trying to get people to look into Blockchain to see what flaws the system has. Once the people in the large Banking business find features that will enhance the security for Bitcoin then they will try to integrate their own system so they could get people to put money into that instead of relying on Bitcoin to process their payments.Bitcoin can go down no matter what anyone says, Banks can go down as well. Banks just want the money first.
Banks have many doubts about crypto currency and they have fear because more people start using this currencies day per day. Banks are decentralized and having very slow and complicated methods to get you fully verified and then making your transaction easily.
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!
obviously it is i guess the banks obviously fear this cryptocurrency because when it become so popular and become a mainstream currency we will nk longer need banks to store our money this bitcoin is one of the best way and we could use it for a better life. They called on people not to get involved. Should we be afraid or the banks are!
I also think that banks do fear cryptocurrencies, but they are not showing it , simply because it is still not a threat to them, people will still buy their products, specifically those that are meant for investing, this is somehow their edge to attract people to them than bitcoin. But the i can see what they fear most is when the masses stop using fiat and adapt bitcoin as their source of currency or or when people ignore the banks and put their trust more in bitcoin since it is much more safe and secure than banks. The one thing I also see is when the masses asks for what their fiat is worth for, and when they ask the real value of their money, how come a dollar has a different value from yen, from yuan, from rupees and other currencies, well when it comes to bitcoin 1 bitcoin is 1 bitcoin. I think what they really fear is that, bitcoin can be seen as a global currency, and banks cannot control it, and it will ruin their business.
Well using a currency anti banking system is for them accepting that the traditional banking system is not good as it was supposed to be. Banks have no reason to adopt bitcoin, in fact, the only thing they will adopt is the technology behind bitcoin: Blockchain
There is an important distinction to be made here between commercial banks and central banks. The OP referred to a warning made by a central bank, and we have seen this several times before. Central banks should be very opposed to cryptocurrencies because they have even less avenues to control it than they do other commodities markets like gold and oil.
Commercial banks, on the other hand, will do anything they can to make money as long as it doesn't put them at odds with banking regulators and the like. So they will be happy to interface with BTC, as long as they have the green light, legally, to do so.
I do not know for sure what the bank's motives and intentions warn consumers for it, but it may be obvious that bitcoin is a virtual currency, and its nature is uncertain, or it can be said unstable bitcoin changes about the value of the currency. that's my opinion.
Well using a currency anti banking system is for them accepting that the traditional banking system is not good as it was supposed to be. Banks have no reason to adopt bitcoin, in fact, the only thing they will adopt is the technology behind bitcoin: Blockchain
Traditional banking system is good but the fear coming from the banks are people doesn't want to pay some fees. And we have the same feeling that we don't others are taking advantage of our money and that's why crypto currency is the best place to store our wealth and even we don't do anything, price will increase suddenly.
I think that there is gonna be a war between banks an cryptocurrencies. It is so simple, if crypto's get more popular, then banks will lose clients. That is how it works.
So i dont think that will happen now, it will take some time, but it is possible and i am afraid of that
So i dont think that will happen now, it will take some time, but it is possible and i am afraid of that
My advice is don't be afraid of that because banks will still be there and won't lose clients due to more people will be exchanging bitcoins to fiat cash which stored in the banks as savings. But I think in the futuee that banks will also mingle with trading of alt currencies to fiat currencies un direct exchange so that they will gain their profit also same as crypto market trading.
I think that there is gonna be a war between banks an cryptocurrencies. It is so simple, if crypto's get more popular, then banks will lose clients. That is how it works.
So i dont think that will happen now, it will take some time, but it is possible and i am afraid of that
So i dont think that will happen now, it will take some time, but it is possible and i am afraid of that
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 they should. If they no longer have flow of cash, meaning no more people saving money in banks or making loans in banks because of cryptocurrencies, then their end has come.
Most of the banks are owned by Rothschild base on what I read with different articles through the web. And recently, I saw this thread here in forum that Rothschild Just Bought $210,000 Worth Of Bitcoin so I guess they are starting to understand and learn the concept of bitcoin/crypto's.
I don’t think banking institutions fear bitcoin at all. They have power and the backing of the government and big capitalists who owe them money. Banks play a big role in the economy and without them, bitcoin cannot replace what they do, at least not in the near future, I think. Crypto currencies have a long way to go before really making a big impact in the financial world, but things are a-changing and only time will tell if we will live in a world where the only currency is in digital form.
I believe not. Cryptocurrency is far from taking over banks, and they are probably issuing warnings only for the security and safety of the general public. Banks are still known to be secure despite the high fees, and I believe that people still trust and prefer to use it. Banks, however, should keep up with the pace of the advancement of cryptocurrencies and provide opportunities to the users.
I totally disagree with you. Bitcoins are posing serious threat to the survival of banks. Banks do fear crypto currency especially bitcoins because now many people are turning towards bitcoins to save their money. Saving money in the form of bitcoins assures more safety and bigger reward than banks do. Soon bitcoins are going to replace banks by their increasing fame and usage. I think everyone will have to start a business through cryptocurrency instead of depositing amount in banks. So in this respect it is great 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 think there is possibility that some of the banks fear cryptocurrency. Because most of the theme in crypto world or bitcoin world was "Be your own bank" in this quotation sooner or later bank will no longer be useful. 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 not only fear crypto coins but they even think especially bitcoin as their main rival.The reason what they have feared for has come true and they have started to loose some percentage of their revenues due to bitcoin transactions.But central bank is like the main bank which controls all other banks of the country and it is under the direct control of government and it expresses just governments views and policies. 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!
I think banks give such statements because they have been distracted with the way crypto currency works. As we know bitcoin price may increase, that can attract people to invest in bitcoin but in fact the bank is not afraid of crypto currency because whatever will goes people will still use fiat money.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!
Basically, Banks don't need to fear of Crypto Currencies but if crypto currencies are legalized, they, banks, will have a shorter income, not much but it still gives risks to them.They called on people not to get involved. Should we be afraid or the banks are!
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