Typical banks, will they ever take Bitcoin seriously? - page 3.

michellee

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Quote from: khaled0111 on November 12, 2017, 05:27:33 PM

Banks never take risks even if they see bitcoin price go over 100k$, bankers will never invest in it.
I don't believe that banks aren't interested in bitcoin, only, they can't do anything to stop it they look helpless in front of it. But this situation will not lust, when bitcoin starts to minimize banks revenues they will be forced to take some acts to defend their interest.

i am agree with this but don't forget that in out there, there is many bankers that is ready to invest their money in bitcoin because I think they are read from many news that bitcoin is a good prospect to them to make a lot of profit. maybe for now the banks are not interested with bitcoin but if they found that bitcoin can give some benefits to them, I think the banks will investigate and learning about blockchain technology and they will apply the system into their system.

KeeKit

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Sooner or later, banks will take bitcoin/cryptocurrencies. The advancement of cryptocurrency being used and accepted by a lot of merchants online has an increasing growth! That is why it is high time to invest. A lot of cryptocurrency are now emerging and the originals are bitcoin. And it is never too late to invest. One of the best is Ethereum! I like that www.propthereum.io and their whitepaper is accesible for everyone. It helps me understand the whole concept. Please check it out.

khaled0111

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Banks never take risks even if they see bitcoin price go over 100k$, bankers will never invest in it.
I don't believe that banks aren't interested in bitcoin, only, they can't do anything to stop it they look helpless in front of it. But this situation will not lust, when bitcoin starts to minimize banks revenues they will be forced to take some acts to defend their interest.

Pettuh4

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Quote from: dhka on November 09, 2017, 08:00:05 PM

Why whould they? They cant even control it
Bitcoin transaction fee is paid to the miner not to them, while conventional banking have most of heir income from fee
So to me the answer is a big no

I beg to differ, they wouldn't take it serious because it is able to feed them or they derive some benefits of some sort from bitcoin but they would rather take it serious because it takes food right out of their table and that is where they conceive all the evil ideas against bitcoin and its usage worldwide and so i think they take bitcoin serious but in the negative way.

henry1116

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I'm not sure this will happen anytime soon, but what I'm sure about is that those banks that will actually do this, will prosper (unlike those who'll decide to ignore the trend altogether). Just my opinion.

Nilda

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Banks are regulated by monetary boards in each country. Trust is the main issue with banks. Governments must first recognize the legitimacy of bitcoins thru their central banks before allowing them to include cryptocurrency in their services.

dhka

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Why whould they? They cant even control it
Bitcoin transaction fee is paid to the miner not to them, while conventional banking have most of heir income from fee
So to me the answer is a big no

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Quote from: bitart on November 09, 2017, 06:39:05 PM

Quote from: Karakyli on November 03, 2017, 02:50:32 PM

Now many banks have already ceased to ignore the crypto currency and seeing its tremendous support from the public, began to look for ways to approach it and possible methods of using it for profit. Some banks provide services for buying and selling and exchanging crypto currency, in Japan they even try to make a single bank card for crypto currency and ordinary money. I think in the future the range of such services will significantly expand and banks will have to play a significant role in the implementation of the crypto currency in all areas of our lives.

I'm not really sure that this will happen, because banks will implement blockchain based solutions (like bitcoin, but not bitcoin) for the problems bitcoin can solve and banks will sell these blockchain based solutions to their customers. If people will continue to trust banks, and they can choose the banks' inhouse blockchain solutions, they won't think about choosing bitcoin. This is only valid if the mass adoption of bitcoin will be later than the banks' deliver their solutions for the common problems.

Banks have money, and when we discuss about them we need to be aware of that fact. With a lot of money they can do what ever they wish, to create new crypto currency or to implement some existing one. They are profit chasers and about that we all agree, they will try to take the most of crypto world.
They started to take bitcoin for serious they just don't show it, maybe here and there we see some article from some bank director calling bitcoin a scam and nothing more. There are a lot of banks out there, and we can't underestimate their power and their bankroll, what we should do is to hold on bitcoin and decentralized alts, and what ever banks do eventually we need to ignore them and their actions.

Mei1418

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if from time to time bitcoin users more and more and they need a media like banks, they too will take seriously bitcoin in addition they will also benefit greatly from the interest provided by customers, we'll see if bitcoin can survive the next 10 years there may be many banks that provide bitcoins

Ryan Dugan

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They won't just yet but I think they might begin to worry. The should be in fear because they hear bitcoin approach. Bitcoin is still small but one day will take on banks. We have already seen some of the FUD over bitcoin so some people do worry.

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Quote from: Karakyli on November 03, 2017, 02:50:32 PM

Now many banks have already ceased to ignore the crypto currency and seeing its tremendous support from the public, began to look for ways to approach it and possible methods of using it for profit. Some banks provide services for buying and selling and exchanging crypto currency, in Japan they even try to make a single bank card for crypto currency and ordinary money. I think in the future the range of such services will significantly expand and banks will have to play a significant role in the implementation of the crypto currency in all areas of our lives.

I'm not really sure that this will happen, because banks will implement blockchain based solutions (like bitcoin, but not bitcoin) for the problems bitcoin can solve and banks will sell these blockchain based solutions to their customers. If people will continue to trust banks, and they can choose the banks' inhouse blockchain solutions, they won't think about choosing bitcoin. This is only valid if the mass adoption of bitcoin will be later than the banks' deliver their solutions for the common problems.

Lubang Bawah

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With increasing market cap cryptocurrency and has now reached $ 200 billion, of course this is a serious threat to banks, they are worried that someday the user cryptocurrency greater than banks.

aardvark15

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I think the traditional big banks are starting to take Bitcoin seriously. Some indications of this are the recent comment by Jamie Dimon, the Segwit fork, and the Bitcoin futures trading that is coming up. These are all attempts by traditional bankers to either control Bitcoin or manipulate Bitcoin.

This is all driven by the recent success of Bitcoin and the threat it poses for them. Bitcoin has risen from obscurity to a $120 billion market cap in 9 years. It was seen as a Ponzi scheme or money laundering scheme until real investors started to see it’s value.

jizenlianyong

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I think that if bitcoin is developing as dynamically as it is now and will become stronger in the world, banks will have to accept it. It is simply impossible to ignore it.

gz1derbread

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If bitcoin will also develop productively, then banks will have to reconcile with it, whether they want it or not.

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Quote from: jtipt on November 03, 2017, 10:14:54 PM

Quote from: johnwing on November 03, 2017, 01:30:49 PM

Typical banks, will they ever take Bitcoin seriously?

Probably never. BTC is a major competition to the banks, if btc becomes a major everyday currency like fiat, then banks will go out of business. So obviously they will never support BTC or take it seriously.

It comes to disrupt the financial system of the centralized bankers. So, a lot of the country or majority of the country that has controlled by the bankers will against the crypto or something else that was not following their step. Bitcoin will never become a fiat. This time most people are happy to investing in the bitcoin as their investment.
But remember the presedent of the IMF already made a serious statement regarding the bitcoin because the possibility of the bitcoin become the major disrupt to the centralized economic.

TopT3ns

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in my country, government say that they will adopt blockchain technology. but ban bitcoin as payment Grin

maybe they not want to rivaled by bitcoin but it is not change people's interest about bitcoin

momopi

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What do you mean by the word "seriously"? I have different interpretations about your question. First, if you mean they take bitcoin and other crypto as serious matter, I would say YES. Cryptocurrencies source of funds are the traditional money we have, we tend to convert in to digital currency and use for several stuff like trading. So I am pretty sure that all banks are aware of this and they continue to learn about this currency. If you mean the word "serious" is like a threat to them, I highly doubt it and crypto will never a threat to all banks. I see this only as an alternative to traditional money and crypto can never be replaced traditional currency.

meida

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Bitcoin is becoming more and more important to the banks. The value of bitcoin now starts to be reflected. Although the current price volatility is relatively high, the global value of bitcoin will determine the influence of bitcoin and bitcoin .

farhaan

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Definitely,they would take bitcoin seriously.Earlier,they have tried their best to stop bitcoin's progress.In future,even some banks may even try to ban accounts if found dealing with bitcoin earnings.They consider bitcoin as their main rival.But they are very much interested in implementing blockchain technology in their services.

They would not deal in bitcoins even in future as it would even totally question about their services.

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