Topic: Will banks ever offer bitcoin deposits? - page 45. (Read 6383 times)
I do not think so. We both know that both banks and their central banks are in the tail of the cryptographic community to shut it down as they then decide to accept the bitcoin deposit. Adding to the moment the value of bitcoin will fluctuate almost every time due to its volatility and I'm sure the bank will not want to work with such currencies.
It is impossible because of the Bitcoin price volatility and the price manipulation which is clear now a days, in addition, the nature of Bitcoin contradicts banks nature, Bitcoin has been created to keep the control of money into people's hands.
Banks are always afraid of bitcoin due to it high volatility and it ability not to be controlled by any third part in doing it transactions,subscribe TV channels and some other subscription.
So far, I have never heard of any bank offering deposit in bitcoin form. I feel that it will not happen. Seeing the condition of bitcoin prices are increasingly fluctuating , it makes me sure that bitcoin can not restore public confidence again. This fluctuating bitcoin price makes bitcoin very risky if it is used as a deposit especially if the deposit is managed by the bank. I just hope that someday there is an insurance party that offers crypto currency insurance so that as a holder of crypto currency I feel safer in investing or transacting. I can be sure, it will be safe in the face of hacking and theft of my crypto currency coins because it is insured. Hopefully, the future of crypto currency will grow even better.
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.
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 can be very unprofitable for banks, because if the bitcoin rate rises, they will be more of a problem
It easy for a bank to develop profitable financial instruments that don't depend on a price rising or falling. They can hedge and make money off spreads and fees quite easily. As long as they have their security on point then naturally they will want to get into this side of the business
I think this is possible in the near future (2-5 years) when bitcoin will be recognized officially as digital asset by governments and financial institutions. When it will happen, most probably crypto banks will join the banking or conventional banks will open crypto divisions specializing on banking services in crypto assets including crypto deposits.
if that happens, I think it will get considerable support for bitcoin customers. and certainly increasingly becoming popular. I hope that cooperation soon begins as soon as possible. no need to wait a long time. 
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.
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 it will never happen because there are so many humors that bitcoin will make our bank disappear so how they let that bitcoin have deposit to it. Bank will never offer bitcoin deposits, just like our government they do not make bitcoin legal because they know that there is a possibility.
not yet. I think it is unlikely that banks will offer bitcoin deposits. may still be under consideration of cooperation. and that spertinya still take a long time.
but if that happens, it can be said a good .
I hope so in the future
but if that happens, it can be said a good .
I hope so in the future
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.
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 order for banks to enter the market they'll need some kind of control so they can unquestionably make profit. Banks make most of the money from loans so BTC isn't that interesting now and on top of that they can't secure their investments in BTC. I don't see it happening not until the market stabilizes and BTC becomes mainstream but maybe not even then because it's the complete opposite of crypto decentralization goal.
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.
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.
Banking business system method is surely getting profit from depositor, I know that bank will never accept commitment to people with volatility movement like bitcoin, Bitcoin can not give better income guarantee to the bank. So I think they will not offer us to deposit of our Bitcoin.
To be honest, considering the price volatility I don't think that banks will take such kind of risk anywhere in near future unless it is legalised in the eyes of law. Bitcoin is a part of the highly volatile market and even 1% price fluctuation might affect the whole cash flow of banks so I don't think banks are going to accept Bitcoin as of now. On the other hand, banks are trying to implement blockchain technology in order to optimise their traditional infrastructure, so they might come up with their own coin but again it will depend on the legal status of cryptocurrencies.
With banks accepting bitcoin deposits is really far fetched looking at how volatile cryptocurrencies are and the fact that it has no central control unlike our fiat currency. But i guess we really don't care for now because currently a bank which deals in cryptocurrency has been established just that it has not yet opened up to every cryptocurrency on the market. We hope more of such initiatives develop soon for the cryptocommunity to have its own banking system if possible.
Yes, this will happen in future but not now ,they are so many things they need to see and consider before accepting that..
Owing to the number of criticism bitcoin is facing, I don't think banks will ever accept bitcoin. Banks even see crypto currency as threat and again, having no value because of it volatile nature. This will always make banks continue to flaunt bitcoin and other cryptocurrency. But who knows, maybe there could be a change in mindset one day but currently, I don't see banks accepting crypto in the first place.
I think as long as Bitcoin is advanced and can ascend in immense costs and the other way around, banks would not acknowledge Bitcoin. Banks need to keep cash flowing and their motivation for cash to continue being utilized, If banks put away Bitcoins for holding that can be an enormous issue for them and that would lead them to be down and out. I advice, its better to hold our coins in our wallets and simply let banks do their work with fiat cash.
For years, big banks played an important role in global capitalism. They have been the gatekeepers of national currencies flowing between central banks and the general public. And they have been collecting hefty fees for this role – fees that pay the salaries and bonuses of their employees and the dividends of their stockholders.
In recent years, big banks have played another role -- the gatekeepers of money flowing between national currencies and Bitcoin.
That’s why big banks have the power to make or break Bitcoin. Which action will they take? The answer depends on whether or not big banks develop their own blockchain, and whether Bitcoin will be used as a substitute or as a supplement to national currencies.
In recent years, big banks have played another role -- the gatekeepers of money flowing between national currencies and Bitcoin.
That’s why big banks have the power to make or break Bitcoin. Which action will they take? The answer depends on whether or not big banks develop their own blockchain, and whether Bitcoin will be used as a substitute or as a supplement to national currencies.
I think banks hate crypto like bitcoin and as far as I know, banks will never offer bitcoin to their customers. because banks hate bitcoin because banks are also afraid their customers turn to bitcoin investments
That is really possible. If something they cannot control and people are giving so much interest and trust on bitcoin they should really have their second thoughts towards bitcoin. The generation is changing, they must accept and adapt bitcoin in order to help their customers, and in order to build trust towards bitcoin for future users that hesitates joining the bitcoin community
Banks will not offer bitcoin deposits because banks are anti-bitcoin and they hate it because of its being decentralized which can be the cause for the banks to lose clients and they don't want to accept and offer bitcoin deposit because of the volatility which can be the reason for them to lose money because it is very risky.
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.
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.
This is risky to their part because of a big change of bitcoin to its value but if they do the what you deposit is what you get, they prevent losing lots of money, for example they will not rely on bitcoin value in dollars so if you deposit .5 btc then you will get .5 btc rather than you deposit 2k dollars worth in btc to dollars so you will get 2kdollars. So the comoutation of interest is base on bitcoin value per day.
Jump to: