Will banks ever offer bitcoin deposits? - page 26.

Huntsman82

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Quote from: denzkilim on July 23, 2018, 11:56:06 AM

Quote from: yarozaqu on July 22, 2018, 09:39:37 AM

Quote from: shield132 on April 26, 2018, 11:20:04 AM

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

I think In the coming future It will happen. Because It is the future technology.

I don't think that I will agree with you, because Bitcoin is a decentralized crypto currency and no one controls it either a central bank or a government behind it and its nature is very volatile that anything can happen anytime, Bitcoin's price could fly high or fall into a pit in a very short period of time and this kind of nature is very risky for those banks. Even in the future, I don't think that it would actually happen that banks will be accepting crypto currencies or maybe if there will come a centralized crypto currency in the future they might hop into it. But for now, it looks extremely impossible to happen. Cool

Banks won't accept dealing with crypto at this time because it's too volatile and unpredictable and that's just not good for business as far as the banks are concerned. BUt in the future when everything gets regulated and crypto stabilizes, banks will certainly do something to get their piece of the cake.

denzkilim

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Quote from: yarozaqu on July 22, 2018, 09:39:37 AM

Quote from: shield132 on April 26, 2018, 11:20:04 AM

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

I think In the coming future It will happen. Because It is the future technology.

I don't think that I will agree with you, because Bitcoin is a decentralized crypto currency and no one controls it either a central bank or a government behind it and its nature is very volatile that anything can happen anytime, Bitcoin's price could fly high or fall into a pit in a very short period of time and this kind of nature is very risky for those banks. Even in the future, I don't think that it would actually happen that banks will be accepting crypto currencies or maybe if there will come a centralized crypto currency in the future they might hop into it. But for now, it looks extremely impossible to happen. Cool

HasithaM

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The conventional managing an account is loaded with principles and controls that most natives are not happy with and that has prompt the huge utilization of bitcoin and the banks are starting to free out on clients and that by itself will make the banks to incorporate the utilization of bitcoins in their saving money exercises with the end goal for them to at present stay in business.

Bitcoin_trader2016

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BITCOIN TRADER 2016

I think there is no way banks will let crypto currency will deposits in there banks because of the volatility of crypto that you may lose some money when the price dump and you may also earn some extra money when the price goes up.

huhhuh18

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I do think so that a time of such sort will come one day. All they have to do is to get the go ahead nod from the central banks. They are the large banks issuing warning and commands to banks to desist from utilizing Bitcoins. Other than that, they would've done it already.

PJLimbo

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Banks detest digital forms of money, since they can not controll them. So you can make certain, that there will be no cryptographic money stores on banks for quite a while. In reality they are battling against them as hard as possible, since they dread to free the control over the cash.

RenzCoballes

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Our exchange will be free from being followed by these outsider substances and give security in our each transaction.Bitcoin clients will utilize banks if at any time they will offer bitcoin stores and doesn't ignores its motivation by getting to be centralized.The banks must do application or creating works and make computerized wallets for them to increase even individuals putting resources into bitcoins.

jessbaker27

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I think that it's possible. Business should always adapt to their environment to keep their business going, surely there will come a time that banks try to accept bitcoin when itbecomes mainstream

AlienSeeker

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In this generation, nothing is ever impossible with the economy. There is always a possibility to banks offering bitcoin deposits. In some countries, there are bitcoin machines for withdrawals. So if it will be spreading to other countries, the banks may be pressured to offer deposits. Bitcoin is almost accepted everywhere so there's always a chance for anything.

dirisu2018

newbie

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bitcoin is the future, it will be generally accepted all over the world and as you have asked, would banks take deposit of bitcoin, the answer is YES. if not the banks will die an untimely death.. bitcoin will hit 1million dollars soon in our own very eye and like Mr Lee of litecoin said, everyone should get one bitcoin before investing in alt coins.

BlackCanary

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I think, for today nobody wants to accept the risk of bitcoin, I analyze that FOMO higher than panicked sellers, so it requires a long process, even the majority of banks also refuse bitcoin, so how will banks offer to deposit?

1goldhunter001980

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Quote from: shield132 on April 26, 2018, 11:20:04 AM

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

I think its good to have a banks that accept bitcoin deposits to make our bitcoin investment safe from any hacking incident and its also beneficial to investors so we don't need to worry of losing our investment due to bad people around us.

Jose Rizal

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Quote from: shield132 on April 26, 2018, 11:20:04 AM

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

Of course , banks will definitely soon to accept Bitcoin due to the fact Bitcoin is becoming popular in each country, and banks are being threatened to the fact that Bitcoin is a better choice than to invest in their entity which I agree, so probably sooner Banks will accept cryptocurrency in their system to be included to the growth that Bitcoin was able to provide them through people who invests here.

Damn3d

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Quote from: shield132 on April 26, 2018, 11:20:04 AM

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

It could be, if bitcoin would be worldwide accepted or at least most of the countries will accept it because for now banks are not recognising bitcoin as a serious threat for their business.

Akpuv

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Activity: 322

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In my honest opinion, Bitcoin does not in anyway need to be deposited in the bank for any reason, and as such I see no need for banks to even consider accepting Bitcoin deposits. Bitcoin was created to be a decentralized system without intermediaries in its transactions. Banks accepting Bitcoin deposits is like taking us to the same fiat system. With Bitcoin, you are your own bank.

bizarro

member

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Quote from: shield132 on April 26, 2018, 11:20:04 AM

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

In the near future it will be possible. But if to talk about price for these deposits, we all must think about profit we will get from it. Banks always want to share some money for commission.

BennyK

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Bitcoin and banks are two separate bodies working with different principles - decentralization and centralization respectively. These two principles are conflicting and in order for banks and Bitcoins to work together, one must adopt the others principle.

minime0105

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Quote from: HasiViraj on July 22, 2018, 11:58:38 AM

This may appear to be impossible now particularly that banks and bitcoins are both in an alternate and correct inverse frameworks. Notwithstanding, if bitcoin request keeps on expanding thus as the quantity of financial specialists and clients, at that point I figure banks will have no real option except to adjust to such test. Despite the fact that it might be unsafe yet I am almost certain they will go to an understanding where in banks won't lose excessively too.

Yeah, I agree. Momentarily, it all seems unfeasible given the current friction between the crypto market and banks. At the same time, with time there might be a chance of this happening with banks adapting to lending crypto as a means to remain functioning and no go bankrupt.

HasiViraj

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This may appear to be impossible now particularly that banks and bitcoins are both in an alternate and correct inverse frameworks. Notwithstanding, if bitcoin request keeps on expanding thus as the quantity of financial specialists and clients, at that point I figure banks will have no real option except to adjust to such test. Despite the fact that it might be unsafe yet I am almost certain they will go to an understanding where in banks won't lose excessively too.

puruntung213

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Activity: 236

Merit: 1

Its not possible to happen many people are using bitcoin or cryptocurrency now a days if happen that all people are using bitcoin in the near future may be its the time that bank need to accept bitcoin and bitcoin popularity is expanding every month, week and day

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