J9901
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April 30, 2017, 10:27:32 PM |
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Fortunately no banks accept bitcoin to be deposited or converted. If that will be the case, we would again be slaves of these financial giants and we wouldn't have the freedom of doing whatever we want wih our hard-earned money. Also, giving the banks control of your money is centralization, so no.
Take all your money out of the banks, and put them in BitCoin, control your own money, don't let the banks control your money. I partially agree with you that banks make profits with our money and give us interest in peanuts but putting all money in bitcoins is also an big risk as you never know what will happen to bitcoin in future and if it disappears then you will loose all your money at once.
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wxa7115
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May 01, 2017, 07:03:52 PM |
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Fortunately no banks accept bitcoin to be deposited or converted. If that will be the case, we would again be slaves of these financial giants and we wouldn't have the freedom of doing whatever we want wih our hard-earned money. Also, giving the banks control of your money is centralization, so no.
Take all your money out of the banks, and put them in BitCoin, control your own money, don't let the banks control your money. I partially agree with you that banks make profits with our money and give us interest in peanuts but putting all money in bitcoins is also an big risk as you never know what will happen to bitcoin in future and if it disappears then you will loose all your money at once. And this is why you need to try to invest your money in different areas of the economy that way if one of them fails then not everything will fail at once but that has the disadvantage of not providing big wins in the short term and that is something lots of investors seems to be looking for.
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nethead
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May 01, 2017, 07:10:07 PM |
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Fortunately no banks accept bitcoin to be deposited or converted. If that will be the case, we would again be slaves of these financial giants and we wouldn't have the freedom of doing whatever we want wih our hard-earned money. Also, giving the banks control of your money is centralization, so no.
Take all your money out of the banks, and put them in BitCoin, control your own money, don't let the banks control your money. I partially agree with you that banks make profits with our money and give us interest in peanuts but putting all money in bitcoins is also an big risk as you never know what will happen to bitcoin in future and if it disappears then you will loose all your money at once. And this is why you need to try to invest your money in different areas of the economy that way if one of them fails then not everything will fail at once but that has the disadvantage of not providing big wins in the short term and that is something lots of investors seems to be looking for. Saving money in banks doesn't make any sense to me instead I will prefer to save my money in bitcoins and keep them safe in my bitcoin wallet as it will definitely give me higher returns in future in compare to what I can get from banks.
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Lady Coquet
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May 02, 2017, 11:47:11 AM |
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Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
I don't know if any banks would accept bitcoin but i think no one would accept bitcoin in any banks because bitcoin is not accepted by the government as a real money so no banks would accept bitcoin and some stores would not accept bitcoin as payment.
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geegaw
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May 02, 2017, 12:33:01 PM |
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Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
I don't know if any banks would accept bitcoin but i think no one would accept bitcoin in any banks because bitcoin is not accepted by the government as a real money so no banks would accept bitcoin and some stores would not accept bitcoin as payment. Yes, now the bitcoin has not yet been accepted by the government and the banks do not accept bitcoin because they can not control the bitcoin, they can not guarantee the safe keeping of bitcoin transactions. However, in recent years I have heard Japan was the first country to accept Bitcoin as a payment method to pay for electricity and water, this is the first breakthrough of accepting bitcoins in the future and I think in the future all countries in the world will accept bitcoin and the bank will also accept bitcoin, the only problem is time
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stompix
Legendary
Offline
Activity: 2940
Merit: 6429
Blackjack.fun
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May 02, 2017, 01:45:36 PM |
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Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
I don't know if any banks would accept bitcoin but i think no one would accept bitcoin in any banks because bitcoin is not accepted by the government as a real money so no banks would accept bitcoin and some stores would not accept bitcoin as payment. Yes, now the bitcoin has not yet been accepted by the government and the banks do not accept bitcoin because they can not control the bitcoin, they can not guarantee the safe keeping of bitcoin transactions. However, in recent years I have heard Japan was the first country to accept Bitcoin as a payment method to pay for electricity and water, this is the first breakthrough of accepting bitcoins in the future and I think in the future all countries in the world will accept bitcoin and the bank will also accept bitcoin, the only problem is time It's not Japan, Japan is a country, they can't accept payments for electricity bills or anything else other than treasury bonds. It's just that some companies decided to accept bitcoin payments. And it's entirely their choice if they want to do it. The government can regulate bitcoin they can say bitcoin is legal you can pay or receive but that doesn't mean it can force a company to take bitcoin payments. It's all going down to the service providers and to the will of the customers.
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Kamarah
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May 02, 2017, 04:41:31 PM |
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there have been many banks accepting Bitcoin as a kind of payment andd currency. However, i think the japanese will be the first country to use ccryptocurreny in the bank system and daily life
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HongKong
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May 03, 2017, 06:19:22 PM |
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I am pretty sure that Bitcoin is not currently accepted by any banks. The very large banks are trying to integrate Bitcoin Blockchains within their payment system just so they could track who spends what. They say something like using Blockchains will build a better security system that allows them to track the people that are bad though we all know that is a lie. Once the large banks use Blockchains within their payment system then Bitcoin will either get a very large price or the whole project will be a dud.
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kikeda
Sr. Member
Offline
Activity: 364
Merit: 250
Super Smash Bros. Ultimate Available Now!
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May 03, 2017, 08:27:54 PM |
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As far as my country is concerned there is no bank that accepts bitcoin and I don't see it happening even in future as the government of my country will never allow that to happen.
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loges
Sr. Member
Offline
Activity: 308
Merit: 250
Super Smash Bros. Ultimate Available Now!
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May 03, 2017, 09:39:02 PM |
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As far as my country is concerned there is no bank that accepts bitcoin and I don't see it happening even in future as the government of my country will never allow that to happen.
Bitcoin is a threat to banking system and also to fiat money and government is well aware about it and no government will allow any digital currency to replace their national currency.
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wxa7115
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May 06, 2017, 07:32:28 PM |
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Fortunately no banks accept bitcoin to be deposited or converted. If that will be the case, we would again be slaves of these financial giants and we wouldn't have the freedom of doing whatever we want wih our hard-earned money. Also, giving the banks control of your money is centralization, so no.
Take all your money out of the banks, and put them in BitCoin, control your own money, don't let the banks control your money. I partially agree with you that banks make profits with our money and give us interest in peanuts but putting all money in bitcoins is also an big risk as you never know what will happen to bitcoin in future and if it disappears then you will loose all your money at once. And this is why you need to try to invest your money in different areas of the economy that way if one of them fails then not everything will fail at once but that has the disadvantage of not providing big wins in the short term and that is something lots of investors seems to be looking for. Saving money in banks doesn't make any sense to me instead I will prefer to save my money in bitcoins and keep them safe in my bitcoin wallet as it will definitely give me higher returns in future in compare to what I can get from banks. If you are willing to risk all your money in bitcoin then you can do it, but you need to be very careful and this is why if possible you must always keep a portion of your money in hand just in case something bad happens, like an accident or a health problem.
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genos
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May 06, 2017, 11:25:24 PM |
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As far as my country is concerned there is no bank that accepts bitcoin and I don't see it happening even in future as the government of my country will never allow that to happen.
Bitcoin is a threat to banking system and also to fiat money and government is well aware about it and no government will allow any digital currency to replace their national currency. A japanese bank called MUFG and Hitachi Ltd. are work together to start project that called "proof of concept" to build thecnology bitcoin blockchain for create digital bank system, I think they will create their own altcoin. Anyway I do not need to save my bitcoin in bank I have my own wallet.
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BitSat
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May 07, 2017, 03:08:51 AM |
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As far as my country is concerned there is no bank that accepts bitcoin and I don't see it happening even in future as the government of my country will never allow that to happen.
Bitcoin is a threat to banking system and also to fiat money and government is well aware about it and no government will allow any digital currency to replace their national currency. Bitcoin is completely against the rules of Governments and banks just because of this its not going to happen until some one big take risk and bring some more regulations for this in developed countries like Japan Sweden and Netherlands because currently they are best countries for this
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Farma
Legendary
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Activity: 2590
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
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May 07, 2017, 03:37:36 AM |
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As far as my country is concerned there is no bank that accepts bitcoin and I don't see it happening even in future as the government of my country will never allow that to happen.
Bitcoin is a threat to banking system and also to fiat money and government is well aware about it and no government will allow any digital currency to replace their national currency. Bitcoin is completely against the rules of Governments and banks just because of this its not going to happen until some one big take risk and bring some more regulations for this in developed countries like Japan Sweden and Netherlands because currently they are best countries for this I guess for that reason, until now no bank has received bitcoin. But, it is possible that bitcoin will stand on its own as a place for investment, and not as a place to deposit money. I also think that bitcoin is totally opposite to government and banks.
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batang_bitcoin
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May 07, 2017, 04:22:22 AM |
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As far as my country is concerned there is no bank that accepts bitcoin and I don't see it happening even in future as the government of my country will never allow that to happen.
Here in my country has almost the same situation, the central bank gives warning to the people that we should be warned upon using bitcoin. But right now, it seems that they are willing to eat what they've said before because it looks like they are planning to adopt bitcoin transactions with the bank.
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Rizky Aditya
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May 07, 2017, 08:00:25 AM |
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As far as my country is concerned there is no bank that accepts bitcoin and I don't see it happening even in future as the government of my country will never allow that to happen.
Here in my country has almost the same situation, the central bank gives warning to the people that we should be warned upon using bitcoin. But right now, it seems that they are willing to eat what they've said before because it looks like they are planning to adopt bitcoin transactions with the bank. in my country the bitcoin is considered illegal, the government and all the banks doesn't accept bitcoin but they didn't give any warning to people about the use of bitcoin, i think the popularity of bitcoin is not very much in my country that could be the reason that the banks does not accepting it but if everyone know about it in future then there is possibility that the banks will accept it.
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xapwxrm5742
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May 07, 2017, 08:08:16 AM |
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As far as my country is concerned there is no bank that accepts bitcoin and I don't see it happening even in future as the government of my country will never allow that to happen.
Bitcoin is a threat to banking system and also to fiat money and government is well aware about it and no government will allow any digital currency to replace their national currency. I am agree with you so much,the financial should be control by the government ,in order to protect the surf of people's money,they are release the native coin but not accept bitcoin as their own coin
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Rubel mia
Newbie
Offline
Activity: 19
Merit: 0
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May 07, 2017, 08:23:44 AM |
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Any bank don't accept bitcoin . Bitcon is their no1. competitor. Some banks even block your account if you are affilaited with bitcoin
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TTMNewsK
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May 07, 2017, 08:30:39 AM |
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There are no banks accepts the bitcoin. They don't want the bitcoin coz they think that bitcoin is one of their major competitor.
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batang_bitcoin
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May 07, 2017, 12:28:32 PM |
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As far as my country is concerned there is no bank that accepts bitcoin and I don't see it happening even in future as the government of my country will never allow that to happen.
Here in my country has almost the same situation, the central bank gives warning to the people that we should be warned upon using bitcoin. But right now, it seems that they are willing to eat what they've said before because it looks like they are planning to adopt bitcoin transactions with the bank. in my country the bitcoin is considered illegal, the government and all the banks doesn't accept bitcoin but they didn't give any warning to people about the use of bitcoin, i think the popularity of bitcoin is not very much in my country that could be the reason that the banks does not accepting it but if everyone know about it in future then there is possibility that the banks will accept it. As you mentioned that bitcoin is considered illegal to your country, that will affect it's popularity and people will not have any way of thinking to use it because they will be different to others because for declaring it as an illegal currency. But once your country starts to endorse it to the public, the popularity of it will grow.
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