[2016-10-03]Deutsche Bank is in Trouble; Bitcoin to the Rescue?

[BTCBinary]

Deutsche Bank is in Trouble; Bitcoin to the Rescue?

Deutsche Bank has fallen facedown, but this time, no one’s there to pick it up. Working to avoid the mistakes of 2008’s financial crisis, German lawmakers have stated that should Deutsche Bank and other major players in the financial arena go under, bailouts will not be delivered post-haste. The bank has been traveling through dark waters for some time. As far back as July, analysts have been predicting a financial meltdown of sorts, and despite the bank’s best efforts to cut costs and relieve its mounting monetary burdens, net profits dropped by...

http://www.newsbtc.com/2016/10/03/deutsche-bank-trouble-bitcoin-rescue/

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[Dank14]

I do not see what bitcoin has to do with bank bailouts... there is no correlation.

[hv_]

I do not see what bitcoin has to do with bank bailouts... there is no correlation.

... if a real bank run starts, there might be ...  look at Greece, Zypres or Venezuela ...

OK in Germany it's still different, but panic mode is same all over the world.

[markj113]

Gold will reap the benefits if Deutsche Bank collapses.

[yayayo]

That article is complete nonsense. Lawmakers will not suddenly look choose Bitcoin as an alternative - which they mostly aren't even aware of  - just because of a bank collapse. Even if they are aware of it, governments are viewing Bitcoin not as a solution to monetary problems but as a problem itself. Representatives of the officialdom are unable to think outside of the box. And by endorsing Bitcoin, those in charge will truly loose most of their power, because they can no longer manipulate the monetary base.

So clearly Bitcoin is not a solution for banking disasters on the administrative level. It is a solution on an individual level, as a safe haven investment when the debt-based fiat system collapses. However, Bitcoin is not the only and not even the most prominent safe haven investment. The best known option are precious metals, but Bitcoin will clearly gain awareness in an unstable environment as well.

ya.ya.yo!

[Dinki]

An IMF spokesman has hinted that banks will spend digital currencies in about 5 years from now. I don't know how that will prevent banks from getting broke.

[Winner]

An IMF spokesman has hinted that banks will spend digital currencies in about 5 years from now. I don't know how that will prevent banks from getting broke.

The current Banking companies are on one of two sides, they are either with Bitcoin or not. Those who don't want to be involved with the digital currency like to keep it simple because when it comes to money nothing really lasts...the old-fashioned banker's already know this.


So yes, maybe in 5 years they might try to implement Digital Currency into their payment system...although I think that a bunch of the banks will try to start their own currency and will most likely fail.



Hopefully the Banks keep the price fluctuations volatile and random.

[European Central Bank]

An IMF spokesman has hinted that banks will spend digital currencies in about 5 years from now. I don't know how that will prevent banks from getting broke.

sure they will. they'll be digital versions of eur or usd. that's it. it'll still be cool because there'll be no need for clearing houses, dicking around with bank wires abroad or waiting for money to clear.

no bank is gonna start a brand new currency. there's absolutely no need.