Topic: Purchasing biggest crypto exchanges by banks (Read 230 times)
Bank will lose their money if they bought a bunches of exchanger, since when exchanger end a developer can just create one when he wants too and do advertise their service again, so bank will just lose their money if they think this way.
What do you think about the subject. I see two different variants how we go further due to this fact.
1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
I think it's because bankers see the development of the currency has been unstoppable, so to find a way to participate in the currency, in order to faster integration into the currency, they chose to buy a encrypted exchange, I think it is a good way to participate in encryption currency 1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
What do you think about the subject. I see two different variants how we go further due to this fact.
1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
1. They need to buy and control the whole blockchain and buy all exchanges and also need to stop every other people to build another exchanges.
Possible ?? NO !!
2. that is what bankers do. Banks' purpose is gaining profit. in fact, banks need to do nothing, because exchanges users will always go to banks in case of withdrawing their money.
I don’t think bank wants to destroy crypto as customers have bank accounts to transact with crypto and bank offer them to do so.
My thoughts that in nearest time new one crysis will happen like it was 10 years ago. World wide bank association already knows something which is top secret now and cooking something.
I don’t think bank wants to destroy crypto as customers have bank accounts to transact with crypto and bank offer them to do so.
I will have to vote for both variance. Look most of the banks are against crypto. Because it is taking over their share and market. But if you say about Wall Street, it is different issue. They know very well to hold their acceptancy. They welcome new technology and the change for the market demand.
Large exchanges being purchased by large companies or banks is a bad sign. There are some decentralised exchanges and it looks like we will have to switch to them really soon. The second variant is more appealing but I still think that decentralised exchanges will become a real things after LN becomes more popular among Bitcoin users. Governments are trying to force crypto-exchanges to give them our information. They won't be able to get them from decentralised one.
Banks have the power to buy exchanges, and if they do the data of crypto users could end in the hands of people that are against the principles of bitcoin. Imagine a bank owning your exchange data, they'd easily hand it to whatever government without second thoughts.
Considering that crypto is still fake in legislation area then they can do it without any consequences.
Banks have the power to buy exchanges, and if they do the data of crypto users could end in the hands of people that are against the principles of bitcoin. Imagine a bank owning your exchange data, they'd easily hand it to whatever government without second thoughts.
What do you think about the subject. I see two different variants how we go further due to this fact.
1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
This shit banking giving lots of trouble to the crypto currencies still it emerging in the market bro. I expect coins such RIPPLE and other coins which have the connection with the centralized medium will vanish out the crypto currency completely.
Please do not buy any centralized crypto currency like XRP.
If everyone here in the forum stop investing on the cheap banking related coins. They banking fuckers will not fight back with the crypto currencies.
I hate XRP and agree that is trap in the crypto market and we must get rid of it.
I never bought it even for speculative purposes because I'm follower of true crypto.
What do you think about the subject. I see two different variants how we go further due to this fact.
1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
This shit banking giving lots of trouble to the crypto currencies still it emerging in the market bro. I expect coins such RIPPLE and other coins which have the connection with the centralized medium will vanish out the crypto currency completely.
Please do not buy any centralized crypto currency like XRP.
If everyone here in the forum stop investing on the cheap banking related coins. They banking fuckers will not fight back with the crypto currencies.
It seems to me that large exchanges receive a good income from daily transactions and it will not be profitable for them to sell their business.
It's profitable to sell every business if you get a high enough price. They'll know themselves how much profit they're making and they'll factor in other things like potential future growth of the market and how that will influence their business. Then many other personal things such as not having to work etc.
Agree, largest banks are playing in long term and they know that in the end crypto will bring good profit and fiat and crypto will be in one hands which make their postion safe. But in short-middle term crypto is very unstable and could bring a lot of losses. So not so big players like CEO of crypto exchanges are selling business on high.
It seems to me that large exchanges receive a good income from daily transactions and it will not be profitable for them to sell their business.
It's profitable to sell every business if you get a high enough price. They'll know themselves how much profit they're making and they'll factor in other things like potential future growth of the market and how that will influence their business. Then many other personal things such as not having to work etc.
It seems to me that large exchanges receive a good income from daily transactions and it will not be profitable for them to sell their business.
Wait, from your 1., are you saying banks are going to purchase exchanges, scam with it to ruin its reputation, then abandon it? Lol.
Well if it's a simple purchase, I wouldn't rule out the scenario. I mean, it's not like banks dislike crypto just for the heck of it. They only really hate it because it threatens their business model. I've always believed that Bitcoin would adapt to a crypto future, and them acquiring or starting exchanges would be doing exactly that. They won't need to eliminate it if they themselves make money from it. Exchanges already function somewhat like banks anyway.
Well if it's a simple purchase, I wouldn't rule out the scenario. I mean, it's not like banks dislike crypto just for the heck of it. They only really hate it because it threatens their business model. I've always believed that Bitcoin would adapt to a crypto future, and them acquiring or starting exchanges would be doing exactly that. They won't need to eliminate it if they themselves make money from it. Exchanges already function somewhat like banks anyway.
Yes, maybe we could see case nr 2 first and once banks will feel that crypto is real threat for fiat model they will destroy down it to the floor like it was with dotcoms and people will lost trust to crypto. They would say that is is a market and all warned that such scenario is possble. I think market is clearing road for entering real big money -- billions of dollars and G20 is helping in that now (dealline is July to make legaltion for crypto).
Wait, from your 1., are you saying banks are going to purchase exchanges, scam with it to ruin its reputation, then abandon it? Lol.
Well if it's a simple purchase, I wouldn't rule out the scenario. I mean, it's not like banks dislike crypto just for the heck of it. They only really hate it because it threatens their business model. I've always believed that Bitcoin would adapt to a crypto future, and them acquiring or starting exchanges would be doing exactly that. They won't need to eliminate it if they themselves make money from it. Exchanges already function somewhat like banks anyway.
Well if it's a simple purchase, I wouldn't rule out the scenario. I mean, it's not like banks dislike crypto just for the heck of it. They only really hate it because it threatens their business model. I've always believed that Bitcoin would adapt to a crypto future, and them acquiring or starting exchanges would be doing exactly that. They won't need to eliminate it if they themselves make money from it. Exchanges already function somewhat like banks anyway.
The old saying of keep your friends close and your enemies closer is quite applicable. Banks can not only then have an influence and protect their own interests but they can also profit from the cryptocurrency exchanges. It's really a no brainer for them. I don't think they care all that much what they're investing in as long as it's a profitable investment.
I think this is a real danger to the crypto industry. Banks have the power to buy exchanges, and if they do the data of crypto users could end in the hands of people that are against the principles of bitcoin. Imagine a bank owning your exchange data, they'd easily hand it to whatever government without second thoughts.
They don't have second thought.
They must do this even now, without blinking, that's what AML and KYC are for.
What do you thought they do with all those documents?
Besides, you fail to see another weak link that has existed long before banks have acquired exchnges.
You wire and you withdraw money from an exchange via....a BANK!!!!
They already know how much you have sent back and forth, just because you used a shady exchange that required no KYC, the bank still knows all about your fiat balance.
What do you think about the subject. I see two different variants how we go further due to this fact.
1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
Bitcoin is a big threat for the banks handling the fiat money. If ever bitcoin surpasses them they become obsolete so they are surely doing something to destroy bitcoin. 1. Banks want to destroy crypto and buying exchanges to make them scam at one time.
2. Banks know that Wall Street is ready to enter the market and supposed to get good profit in the nearest future.
What variant you vote for?
Obviously when their is profit in any business bank never leave it and they just start it. So it is not big thing if they are going to start their own exchanges or join any of them
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