Topic: So I told my banker about bitcoin (Read 1561 times)

Yes that's true, I can say that banks and not connect I but they look pretty overconfident. Bitcoin and other altcoins are literally using faint money as an exchange of value. Like its same as how we use internet explorer to download about popular browser. They only serve us to get new coins 😂

Sadly but true, these are ones of the reasons which hinder bitcoin to be adopted massively. There are a lot of people who are not open-minded, old-schooled and not willing to learn. They are already thinking that doing transaction using bitcoin is difficult though the mere fact lies that they haven't tried yet. But I honestly believe that if someone will just persistently teach them about it, they will also realize how convenient, practical and energy-saving it is to transact online using crypto sooner or later. Well, it's kinda hard not to fall in love with crypto once you experience its benefits.

Someone tend comfortable if he has been feeling that real life is something promised instead he must find another way to make their wealth added in internet bussiness. But this thing just for some people only, I guess there are many people who curious to find how to make money on internet. Being a businessman must have an ability to find a gap for the business he makes grow up and also can be survive in a long time.

I found more people stating about the technology dependence, scams happening with it, no legal support from government and more other factors when we talk about bitcoin. Yesterday met a friend who is into business and enquired about bitcoin usage. Suddenly he got interested and further came up with a long back heard news that it is illegal and using it will cause downfall in the country's money value. People need to come out of these thoughts and only then one can experience the true need and the good of bitcoin.

Using crypto wallets do seems daunting at first. Imagine managing and being your own “bank” and there is no one to help if you lose your private keys.

But for me, I’d rather be my own bank. Manage the safety and security of my priv keys.

Anyone can learn, they just need some time to learn how crypto works and how to be your pwn bank.

1. Unfriendly technology
That is one of the reason why the mainstreaming of bitcoin into the society for mass use is hard. A huge number of population are the adults and these adults composed of people who have no eye for technology or cant catch up with the flow of technology of the days. It is sad to say but adults are the one who have money compared to younger ones. Also on the part of the younger generation though they are very inclined with technology some are very poor to buy one and even if they have the capacity to own and knowledge to use it they dont want to waste their time on bitcoin since they have other concerns in life.

2. Bad reputation of cryptocurrency
Another reason why it is hard for people to accept bitcoin is due to its bad reputation. Many scammers who use bitcoin have run away with billions of dollar worth of bitcoins. News about bitcoin scam spread on the internet and is played on the news almost everyday.

3. Risky investment
When bitcoin bubbles popped  last 2018 the super bearish wave have made many people to lost a significant amount of money. Some sold their company to buy bitcoin when it is very high in value then here comes the drop they all suffer huge losses.

There are many reasons why people are allergic to bitcoins. It is not just about the technology but also many other things. So people will just choose to keep their money on banks rather than exchange it to bitcoin.

when the banking system first came ,people don't believe the system and they don't trust them for a long time.government took many steps to make banking system popular.people refuse to take bank not in exchange of gold or silver.then the government force them to use bank note.that's how bank note become the medium of exchange.from the past to present everything needs time for acceptance,with the flow of time people used to familiar with system.so same thing can be happened for bitcoin.someday bitcoin can dominate the bank note and prove its importance in transaction system.

Your bankers have a great point when you told them about it. We must accept that we can't live without the fiat money and we can live without cryptocurrency. Your bankers are also probably old and does not have enough knowledge about crpyto. But anyway, I'm not saying that we must removed the other one or vice versa. Both could co-exist to help the people.

That is not a surprise to see the inflation always happen in every year because I see that the interest in the deposit in the banks is reduced year by year but the fee increases. I guess that in your office, not many of your friends know about bitcoin or cryptocurrency and you should be happy because you are one of many people who has invested in bitcoin and another coin.

Almost 70% of the general users of phone don't use it beyond just phone calls and text messages, but with my smart device I can do almost 90% of all my activities online and I don't normally go to the bank, the only time I visit the bank is only when I want to complain about they double charges on my account. If not all the other transactions I do it over the phone and pos.

well, they actually will.
as long as fiat is the only regulated and everywhere accepted payment method it will live long and prosper.
crypto needs to be accepted everywhere to make a competition with fiat.
and fore being accepted it needs being regulated and people should trust it like they trust fiat.

but anyway author's bank representatives keep in mind that crypto is another financial instrument. and that is a good thing.

I told One of my friends few years ago who works in a large commercial bank about bitcoin then he told me i will learn about this after few day later he learn from internet and told me what about this its price is increasing day by day then i told him that cash less transaction is going to made by this blockchain technology specially bitcoin then he told me is it possible then i told him it will shown by bitcoin.

I think at the of age 20-30 is nit the ideal age to ask some helo to teach something like creating bitcoin wallet. I smell something that he has a secret agenda about crypto. Because on that age gadget and technology is not a big issue in terms of knowledge because in that age is very expose in using technology and he is a banker,most of them are hate bitcoin because it can affect their job and business.

You met with a banker and banker told you this story, and little bit it is right, but not all, because banker told you what he is seen and absolutely bank deal with customers not bitcoin customers, here you told about us and we discuses about bitcoin not banking opening account. In bitcointalk you will see a huge people are working and they save their bitcoins in bitcoin wallet, so that is a different of our field.

Bitcoin and Blockchain technology make to people to change their minds that most of the money should in a decentralised format which helps them to keep track usages. That's why many banking sectors are showing a lot of interest towards this new technology but still, it is in the beginning stage which in future many companies will start adopting this blockchain technology.

I think 1990's people are young and they are ready to accept the technology and are into it. Yes if you say before 1980 then it would be more relevant as their has being a huge change in technology in last 10 years and still keep changing which could be cause of them not able to change that frequently.

Old people from 1990s are not onto technology lets just accept the fact that they cant accept new technologies on this days,plus i agree with him that cash will ever die because its the foundation of bitcoin dont forget it.Bitcoin and cash still needs to co exist in the world

Good to hear from a banker like you, people does not put their money in the bank to invest, they just for sure want to keep it safe.
It's true that they are not aware of the inflation, but that depends also on the countries economy.

Actually I am a banker too, I work as a public service at the bank. I'm sure that bitcoin will have a future, thats why I still invest here,
many people invest in deposito bank for the long term, many of them don't know that inflation will continue to occur in fiat.

I think this is true. It's all about the need, if people don't need bitcoin then why would they spend time learning it. I just hope it is easy for them to see the advantages of a decentralized service, if all consumers are used to going to a support for mistakes they did themselves.