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Topic: Feeling bitter in banks? - page 8. (Read 1083 times)

full member
Activity: 659
Merit: 101
May 12, 2018, 01:48:14 AM
when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.
Bitcoin today is just for earning purposes and not for usage, rather the aim of bitcoin is not to earn money but to use it and promote it in the local communities. If you want to make some money buy bitcoin and hold for some time and when you cash out your money you will out it in your local bank account. It means that bank provides us the security for our money.
member
Activity: 332
Merit: 12
May 12, 2018, 12:43:37 AM
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yeah you are right. I also think that crypto and banks have different rolls in the society. Banks give us many services that cryptocurrency doesn’t and crypto provides us the opportunity to earn more and more money. There is no caparison between cryptocurrency and banks. We keep money in banks for our daily needs and invest in crypto for earnings.
full member
Activity: 518
Merit: 100
May 11, 2018, 01:49:19 PM
Banks are first of all business of other people. So why we have to be surprised and becomes angry about what they want to earn?
hero member
Activity: 1190
Merit: 534
May 11, 2018, 12:31:38 PM
Yes, I have experienced mental harassment from banks multiple times and now, I would give the least priority to the banks when it comes to the financial services. See this is nothing against banks, bank officers and banking sector but the whole infrastructure doesn't make any sense if we have a faster, better, secure and cheaper alternative to do the same tasks. It's the matter of time-consuming centralization and faster decentralization and as a global citizen of the 21st century and someone from the fast generation cannot tolerate wasting my time for these petty things and hence I choose the faster alternative every time and in most of the cases, it's crypto.
newbie
Activity: 130
Merit: 0
May 11, 2018, 08:59:58 AM
when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.


i really agree. banks do have storage costs that they collect automatically on your account. banks have regulatory compliance costs the banking industry hundreds of millions of dollars every year.
hero member
Activity: 1139
Merit: 500
May 11, 2018, 08:50:28 AM
Kinda sick read those kind of post that people trying to compare those two whole different things. People trying to compare the service to saving money and cryptocurrencies are just kinda dumb in my opinion. Banks exactly just trying to help us saving our money and helping transaction in transfer mode, creditcard, etc. Well, crypto and banks surely could assist one another, once again, IMO.

Banks are helping you? This is the most stupidest thing I have read on this forum, banks are helping us?! Banks help rich people, all others are just victims of their system, and I felt that many times how I am just a number there and nothing more.
Crypto and banks to assist one another, did I say that I already heard the most stupidest thing, well I was wrong, this one is bigger. Banks will transform their system and they will adopt to blockchain, bit that's cause they are rich and they have a lot of money to continue to manipulate with people. Blockchain is sufficient, bitcoin doesn't need banks and regulations, its already regulated. Learn more, read more, educate yourself more, don't watch just your ass, there are 7 billions souls in this world, it should be good place for all of us, not just for rich people.
Banks and cryptocurrencies have their own functions and schemes. Each has advantages and disadvantages, no matter how we convince and educate other people to participate in cryptocurrency, or give them some pieces of advise still we can't control their different opinions and responses, it could be positive or negative. Both organizations exist for a reason, and for bitcoin users we must strengthen our faith each passing day and trust the fact that all great success starts from small steps. Bitcoin may be gaining popularity but it's not totally widely-approved, and I also can't blame those who are feeling bitter in banks. Educating oneself, being aware of its different nature, and gaining helpful information can be very helpful in distinguishing which is helpful and beneficial between the two. At the end of the day, it will be only us who will decide what we believe is good for ourselves and nobody else.
sr. member
Activity: 462
Merit: 515
May 11, 2018, 08:32:13 AM
Kinda sick read those kind of post that people trying to compare those two whole different things. People trying to compare the service to saving money and cryptocurrencies are just kinda dumb in my opinion. Banks exactly just trying to help us saving our money and helping transaction in transfer mode, creditcard, etc. Well, crypto and banks surely could assist one another, once again, IMO.

Banks are helping you? This is the most stupidest thing I have read on this forum, banks are helping us?! Banks help rich people, all others are just victims of their system, and I felt that many times how I am just a number there and nothing more.

Yeah, strongly support this point. We have to use banks, so it's no surprise they act accordingly as their monopolistic position allows them. Basically, we are cannon fodder to them. Also, we have to use fiat, while fiat and banks are actually inseparable. If you have to use fiat (which you have), you have to use banks as well. They are just two facets of the same system which has as its effect, desired or unintentional, financial slavery of ordinary people. On the other hand, crypto, despite its numerous drawbacks and shortcomings, is the way out.

Crypto and banks to assist one another, did I say that I already heard the most stupidest thing, well I was wrong, this one is bigger. Banks will transform their system and they will adopt to blockchain, bit that's cause they are rich and they have a lot of money to continue to manipulate with people. Blockchain is sufficient, bitcoin doesn't need banks and regulations, its already regulated. Learn more, read more, educate yourself more, don't watch just your ass, there are 7 billions souls in this world, it should be good place for all of us, not just for rich people.

Crypto and fiat banks are likely the worst enemies. Banks might adapt and adopt crypto as they see fit, but who needs banks if we can do without and as good?
full member
Activity: 378
Merit: 100
May 11, 2018, 08:07:35 AM
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
As long as I gained more knowledge I'm not tired reading of the other opinions even it consumes my time, Bank and cyrpto are interesting topic that is why some of the member of this forum keep making this kind of thread.For me bank and crypto are both needed in the society as long as we get benefit on it.
full member
Activity: 378
Merit: 100
May 11, 2018, 06:57:02 AM
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

In my opinion, banks are help for people, but the problem is, they require a percentage of additional payment in some cases, and people dont like it and think that it is too much. But for me, banks are good partner, imagine if you could store your cryptocurrencies in banks, it would be much safer and I could sleep better knowing that my coins are safetly being guarded by the bank. When I say bank, I mean if there are gknna be banks for cryptocurrencies.
newbie
Activity: 140
Merit: 0
May 11, 2018, 06:38:58 AM
Only my opinion , i think yes because bank secure your money , and protect it from bad guys
sr. member
Activity: 924
Merit: 260
May 11, 2018, 06:18:16 AM
I think Banking is still very important in our society because we have not fully utilize and realized and a lot of consideration has to be put in place before we would said we don't need bank again. Bank are taking the back roll in blockchain technology and we are not really going to need bank future if blockchain is fully utilize.
member
Activity: 350
Merit: 10
May 11, 2018, 06:15:11 AM
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Ofcourse, it is very tiring reading that kind of post. Because as we know, bank is still the most essential institute in the society which we can entrust our money not as an investment but as a savings.
legendary
Activity: 3248
Merit: 1179
May 11, 2018, 06:12:51 AM
Kinda sick read those kind of post that people trying to compare those two whole different things. People trying to compare the service to saving money and cryptocurrencies are just kinda dumb in my opinion. Banks exactly just trying to help us saving our money and helping transaction in transfer mode, creditcard, etc. Well, crypto and banks surely could assist one another, once again, IMO.

Banks are helping you? This is the most stupidest thing I have read on this forum, banks are helping us?! Banks help rich people, all others are just victims of their system, and I felt that many times how I am just a number there and nothing more.
Crypto and banks to assist one another, did I say that I already heard the most stupidest thing, well I was wrong, this one is bigger. Banks will transform their system and they will adopt to blockchain, bit that's cause they are rich and they have a lot of money to continue to manipulate with people. Blockchain is sufficient, bitcoin doesn't need banks and regulations, its already regulated. Learn more, read more, educate yourself more, don't watch just your ass, there are 7 billions souls in this world, it should be good place for all of us, not just for rich people.
member
Activity: 406
Merit: 11
May 11, 2018, 05:51:11 AM
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I don't feel that bitterness in banks eventhough interest are low and regulated. Banks and bitcoins are different from each other. We invest in bitcoin and store some of our money in banks because the risk is lower.
full member
Activity: 308
Merit: 100
May 11, 2018, 04:55:07 AM
#99
Kinda sick read those kind of post that people trying to compare those two whole different things. People trying to compare the service to saving money and cryptocurrencies are just kinda dumb in my opinion. Banks exactly just trying to help us saving our money and helping transaction in transfer mode, creditcard, etc. Well, crypto and banks surely could assist one another, once again, IMO.
jr. member
Activity: 41
Merit: 1
May 11, 2018, 04:43:40 AM
#98
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

 We cannot blame them since bank is giving a very little interest to their savings wherein the banks use their money to earn bigger profit. Before we have no choice since bank is the only institution where we can put our money safely  and be content with the interest they gave us in exchange of the security. When bitcoin enter,  people now can compare the difference and they have now the choice which one to select where they feel security and happiness.
member
Activity: 545
Merit: 10
May 11, 2018, 04:27:50 AM
#97
Banks are not only needed, they should use their resources and opportunities to offer the population services in the use of bitcoins. All these services should allow people who are not sufficiently savvy and need professional consultants to manage their bitcoins. At the same time, banks can install very small commissions, sufficient for profit. If any bank begins to provide such services, its reputation will immediately rise, because many people want to keep up with the times.
legendary
Activity: 1232
Merit: 1091
May 10, 2018, 01:24:24 PM
#96
Crypto is digital money so it's impossible for digital money to accept by bank because each bank have their own policy for fiat

It's not impossible. It only needs regulatory approval, and once financial institutions have that in their pocket, they can implement Bitcoin in their preferred way, and it's actually just a matter of time. Banks have set the first step already, and now it's waiting for the next step(s), and that might be them allowing people to buy crypto from within their banking portal to avoid dealing with exchanges. It's a win for banks themselves, but also governments. It will help to significantly lower the amount of capital flowing out of the country and system, and it will help locate and analyze people's crypto related activities and holdings. It's a win win situation for them.
sr. member
Activity: 1960
Merit: 329
www.Artemis.co
May 10, 2018, 01:11:33 PM
#95
Just analyzed where you can feel safe in banks or in crypto. Both has a risks in banks it is supported by the government although the return of profit is small but you can less risks. While in crypto their is a huge risks also but can gives us a good profit than banks. If doubt, search what is better.

The banks are necessary evil no matter how bad we think they have treated and shortchanged us, we still need them. The worse the banks do, is the same the crypto miners, especially bitcoin miners, do. There are always bad elements in every business. And yes, I am bored reading threads on the wickedness of the banking sector or comparing it with the bitcoin.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
May 10, 2018, 01:07:12 PM
#94
For me, crypto and bank are completely different so why must I bother ?

Different ?
Crypto is digital money so it's impossible for digital money to accept by bank because each bank have their own policy for fiat
Yeah your right mate, you don't need to compare whether the banks or the cryptocurrency because they are both helpful with us. Just let them bank and crypto having a problem with the government because as what you have said banks have different policies for fiat where is the source of it. Well, how lucky I am here our country cryptocurrency and some banks are friendly to each other, I can deposit my money from bitcoin through banks.

Yes sometimes many people will feel with banks like this it will be acceptable but crypto currency is not a trustable in all time so wait for the changes hope it will be in a good movement.
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