Do Banks fear cryptocurrency

[flag39]

One can buy anything with bitcoin as long as it can be exchanged for USD or Euro
One can buy anything with Altcoins as long as they can be exchanged for bitcoin

As you can see, to have value,  cryptocurrencies at this moment of adaption, depend on FIAT and on traditional banks
I hope in the future, cryptocurrencies become easy to use for dummies,(the majority) and a mass adaption would follow.
 

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[Pumapipa]

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!

There is a point in what the central bank of Albania just said. Dealing with cryptocurrency most of the time is uncertain. Due to its volatile tendencies, chances are value will go high or go down low. Unsafe? Yes, possibly of one don't understand the nature of the company which he or she will be investing. Research is a must. Anonymity is knew of the feature of cryptocurrency that is why we should be careful in dealing with them.
Going back, there is also a reason for banks to be fearful. Cryptocurrency is a fast rising trend and people usually prefer holding crypto money rather than physical fiat. They also prefer decentralization, meaning the whole control of their money is not within the government but it is their call. Not unless banks will somehow loosen some policies, people will be happy with cryptos

[andreevaviktoriy77]

Of course they are not profitable if many countries legalize bitcoin and many people will use the block system. No one will walk and be their participants.

[vladimirnesgibaev1]

a good type of earning on the Internet is investing. but it's also a huge risk

[tornikejr]

I think banks hate cryptocurrencies and not only banks also governments because they hate everything they cant control.

[KingScorpio]

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!

jes they do, because the economy is currently centered around banksters and their regulated "licensing" crap which they use to abuse the economy,

they actually currently print money and lend it to each other so they can focus consumption capacities on themselves

this is a huge problem especially in the west and east asia, because the banksters cause poverty and insecurity this way

i have so much troubles finding people with spine here that understand and can carry the direct confrontation we have with the banksters

regards

[An0nyMoose]

Of course they do, Bitcoin is a direct threat to their monopoly. Plus Bitcoin is far superior in technology then the banking system so once it becomes really popular it will make the banking system obsolete.

[IsabelCornd]

I don't think so... it's just a good opportunity to make their own centralized cryptocurrency to make even more money from nothing

[toygama]

Competition is one reason, cause they knew that cryptocurrencies can hold its own assets without the bank. Since it is digital currency and it is decentralized banks cannot get benefits from it. I think they find a way to get envolve in the system cause it's a huge business around cryptocurrency, and many people nowadays are more curious about crypto.

[Wintersoldier]

Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.

I think banks should support of somehow be a part of the system of Bitcoin more rather than to be scared on the things it could gives on the system of transactions. If e would want to have development in terms of our monetary system we should also support the future and being a part of Bitcoin is a big step on moving forward.

[Sampson7]

its very much possible cos all the banks around the whole world have issued "warnings" to their user about Cryptocurrencies. and the warning is pretty clear. they are warning them about investing in a highly volatile thing. if you take a look at some of the Altcoins or even bitcoin at times you can see how they can run wild.
there is a lot of shitty advertisement like the news sites telling people how ethereum will be big and stuff, then not-so-bright people fall for it and invest, then those who were advertising dump on their heads and these poor bastards lose more than half of their money.
this is what banks are warning people about.

[brooklynian]

Yes of course, banks do fear cryptocurrency. Who will not fear the thing that has the huge potential to render your business irrelevant? It has been said over and again that cryptocurrency will do to banks what electronic mail did to postal services. The fear is everywhere and it is quite obvious.

[justyourkuya]

Remember that bank has been a beacon of financial confidence for a long time, long before digital currencies have existed. Banks accept deposits, creates credit, performs lending activities, encourage savings, and do currency exchange. All of these things are under their control and regulation. They might be anxious about the fast growing existence of digital currencies and exchange because they find it hard to control and regulate the transactions made by the people involved in using cryptocurrencies.

[Kahoy01]

It is safe to say that they do fear the rise of bitcoin not on the investment but on tge currency world. Once bitcoin hot tid of the huge paib in the neck high volatility rate, it is over for fiat money. With a currency so convenient yet so reliable and secure? It would be a landslide vicotry for bitcoin. If I own a bank I would the same thing. I would warn people not to use bitcoins to hide the fact that I am only afraid of my business going down.

[Fire316]

     Banks have no fear in cryptocurrency,they just want to be secured and not to be use by anomaly. We know banks are the central source of financial. In banks we made deposits and widrawals of or money and play also as financial assistance through lending. We use also banks to keep our savings and it is also one of the best  exchanger of different currencies. In our country banks support for the bitcoiners because there are many people here made their additional income through bitcoin and most of the overseas workers send bitcoin and not out local money directly.

[agentx44]

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!

I don't think so, some banks are even happier right now that cryptocurrency has already risen and I think it makes them more patronizable by people specially when they are converting their cryptocurrency into fiat. Maybe time will come wherein banks would be threatened by bitcoin due to its capability on replacing them as time passes by but for now, I think they are doing good together.

[DaddyShark]

Banks has no fear in cryptocurrency because they also avail some stocks on it. Cryptocurrency is one of the solution to control making paper money. By this, we will reduce having debt in the World Bank.

[Yantoaja]

The fear is everywhere and it is quite obvious. Banks have done what they usually do. Banks have no fear in cryptocurrency, they just want to be secured and not to be use by anomaly. We know banks are the central source of financial. I think they are doing good together.

[adzino]

Banks has no fear in cryptocurrency
-snip-

LOL! Then why do you think all central bank through out the world are trying to ban bitcoin and other crypto currencies. Why are they trying to impose regulations and policies? Why do you think they want to take control over the crypto world? Why are they issuing warnings about bitcoin to the general people? All because they actually fear bitcoin.

[Invest.Ort]

Another duck from the government, banks are very afraid of blocking technology, and therefore act aggressively.