|
harbin55
|
 |
January 17, 2018, 08:56:25 PM |
|
many banks fear cryptocurrency, because cryptocurrency can kill banks, because many people will invest in the different kinds of cryptocurrency and the people will withdraw their investments in the bank and invest it in cryptocurrency for they to earn a lot of money and gain more profit everyday than investing in bank, cryptocurrency interest is higher than the bank interest.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
MetalBall
Member
 Offline
Activity: 65
Merit: 10
|
|
January 20, 2018, 03:08:07 PM |
|
many banks fear cryptocurrency, because cryptocurrency can kill banks,
because many people will invest in the different kinds of cryptocurrency and the people will withdraw their investments in the bank and invest it in cryptocurrency for they to earn a lot of money.
|
|
|
|
|
heisenberg0000
Member
Offline
Activity: 196
Merit: 10
|
|
January 21, 2018, 04:25:54 AM |
|
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
This is ironic, but apparently banks are creating FUD's to the people so they can take the opportunity to buy more btc. Take a look at the event from JP morgans CEO. Creating FUD to enter and gain an opportunity. |
|
|
|
|
Beehives
Jr. Member
Offline
Activity: 175
Merit: 2
|
|
January 21, 2018, 04:34:11 AM |
|
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
It could be. Cryptocurrency vould extinct bank in the future because the nature of of it no need for fiat. Bank should collaborate with the cryptocurrency so that both could benefit. Perhaps there are areas of both cryptocurrency and the fiat need to reconcile so that everyone will be happy including the traders. |
https://VividToken.com | MAIN NET > N O W L I V E
▬▬▬▬▬▬▬ [ ///Augment Your Portfolio ] ▬▬▬▬▬▬▬ |
|
|
currencydesigner
Newbie
Offline
Activity: 84
Merit: 0
|
|
January 21, 2018, 06:56:31 AM |
|
Obviously some banks are afraid of cryptocurrency because it would force them to innovate.Cryptocurrency are the most famous example of an emerging technology network with the potential to improve banking. It belongs to the new type of financial animal which is decentralized, secure money storage and money transfer enabled by the Internet.
|
|
|
|
|
|
Makka
|
|
January 21, 2018, 09:52:19 AM |
|
It's very obvious banks are scared and will find ways to kill any currencies with decentralized system. Business as always. They want to control everything for the glory of their profit.
|
|
|
|
|
Ninapz
Newbie
Offline
Activity: 37
Merit: 0
|
|
January 21, 2018, 09:57:04 AM |
|
I think that we now have answer to the question - Do banks fear crypto currency. With all the measures undertaken by banks and governments, and with negative campaign in press, it is obvious that they do.
|
|
|
|
|
Samuel185
Newbie
Offline
Activity: 90
Merit: 0
|
|
January 21, 2018, 09:57:58 AM |
|
Of course banks fear the possibility of people getting involved with cryptocurrencies.I think commercial banks could do fine in this environment, as long as they are adaptive enough to offer cryptocurrency services.
|
|
|
|
|
|
n0ne
|
|
January 21, 2018, 10:00:27 AM |
|
Banks fear of cryptocurrency as a whole. And in specific they try to give the same kind of service as that of bitcoin, because they've found people in fond of bitcoin for various reasons that cannot be provided by the banking system. Banks were the one that serve to be the base, but at some point it lacks in service.
|
|
|
|
braZZers123
Member
Offline
Activity: 216
Merit: 15
|
|
January 21, 2018, 10:02:42 AM |
|
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Well, crypto currencies were created, in order to remove the intermediary (banks), the reaction of banks is understandable. But while bitcoin is not perfect, and completely can not replace the banking system. |
◆ Belifex Blockchain Solutions is Public Blockchain & Cryptocurrency Project & Fully Open-source ◆ |
|
|
|
Ahimoth
|
|
January 21, 2018, 10:07:40 AM |
|
Banks fear of cryptocurrency as a whole. And in specific they try to give the same kind of service as that of bitcoin, because they've found people in fond of bitcoin for various reasons that cannot be provided by the banking system. Banks were the one that serve to be the base, but at some point it lacks in service.
They could be afraid of cryptocurrency in a way that they see it as a threat to their business. Bitcoin is out of the control of the central banks. If more and more people get fond of cryptocurrencies, their profit may decrease. But actually, they can make a clever solution to discourage people from being fond of cryptocurrencies like putting very high transaction fees when trying to monetize bitcoin through banks. |
|
|
|
|
bytomboy1234
Member
Offline
Activity: 145
Merit: 14
|
|
January 21, 2018, 10:08:47 AM |
|
Obviously some banks are afraid of cryptocurrency because it would force them to innovate.Cryptocurrency are the most famous example of an emerging technology network with the potential to improve banking. It belongs to the new type of financial animal which is decentralized, secure money storage and money transfer enabled by the Internet.
I don't agree with you, bitcoin can be integrated into the conventional banking system and people can keep using bitcoin through the banks. The problem here, banks are centralized and they don't want to take bitcoin into consideration. |
|
|
|
|
Isaac45
Newbie
Offline
Activity: 80
Merit: 0
|
|
January 21, 2018, 10:12:42 AM |
|
The central bank's duty is to regulate and control the countries wealth and currency. What happens to the other option which people decides not to support. Think for yourself and you will know who is threat to whom.
|
|
|
|
|
fachant
Sr. Member
Offline
Activity: 742
Merit: 252
Moonbet.io | Web3 Casino
|
|
January 21, 2018, 10:18:42 AM |
|
They are certainly afraid of the growing popularity of cryptocurrencies. They're a threat to them because they earn less money. In addition, more and more people become independent from banks through cryptocurrencies.
|
|
|
|
ruzadovec
Newbie
Offline
Activity: 72
Merit: 0
|
|
January 21, 2018, 10:21:00 AM |
|
Banks are fear of crypto because of the high security of block chain technology. Electronic money is very easy to trade compared to cash.
|
|
|
|
|
faatipoke
Full Member
Offline
Activity: 321
Merit: 100
Token That Will Transform The Venture Capital Mark
|
|
January 21, 2018, 10:30:32 AM |
|
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Yes banks and central banks are afraid of cryptocurrencies. I understand Central banks make this type of announcements because some people buy cryptocurrencies with bank loans and may end up bankrupted if they invest in wrong time into wrong cryptocurrency. But some banks such as JP Morgan makes negative announcements because they really afraid of this technology. |
|
|
|
boddy.dy
Member
Offline
Activity: 252
Merit: 17
|
|
January 21, 2018, 10:46:31 AM |
|
Somehow Yes, crypt like bitcoin is a competitor of banks. It is because instead that people will invest in bank they are now investing in crypto. That is why some countries are making bad impression in cryptos, because the banks are asking the help of the government in misleading the people about cryptos. The I read some articles that some banks are now accepting bitcoin, well if we can see this will also a additional income to them because as we all know now a days many people are patronizing cryptos.
|
|
|
|
|
pratik.korde
Newbie
Offline
Activity: 31
Merit: 0
|
|
January 23, 2018, 06:28:45 PM |
|
Bitcoin is much famous right now. many peoples showing there interest in bitcoin. bitcoin is the great example of an emerging technology network with potential. bitcoin is the big competitor for banks right now. many peoples investing their money in bitcoin instead of banks because it is digital currency which is easy to trade and it has high security of the block chain technology. there are some banks who afraid of this technology because day by day cryptocurrency getting very popular.
|
|
|
|
|
angeandr
Newbie
Offline
Activity: 20
Merit: 0
|
|
January 23, 2018, 06:45:51 PM |
|
Yes because nowadays more people pulled out there savings ang invest in crypto currencies.
|
|
|
|
|
|
Andalusy
|
|
January 23, 2018, 06:47:37 PM |
|
I think that the positioning of each central bank varies in each country, because I have seen that the FED has not taken with excessive suspicion the current relevance of bitcoin, however it is natural to advise citizens to be alert to the possibility of suffering eventual losses before the great volatility that characterizes cryptos. These types of positions seem natural to me, and even demonstrate a greater openness to change by not openly censuring the use of bitcoin
|
|
|
|
|
|
