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SkustaClee
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March 21, 2018, 06:15:23 PM |
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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!
Bank says that the cryptocurrencies are threats for them. Banks are afraid that people will stop investing to them because people will prefer to invest and to save their money in the cryptocurrency world. |
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LeyAngelDevs
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March 21, 2018, 06:16:27 PM |
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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!
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wonderchaff
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March 21, 2018, 06:17:20 PM |
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of course that banks are afraid of crypto because it takes them job  ... Crypto is about to remove third party and thats bank it is simple |
USD - in God we trust / BTC - in code we trust
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Joshapat
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March 21, 2018, 06:37:47 PM |
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The progress and significant increase of bitcoin certainly makes banks worry, if everyone can control all their own transactions of course they do not need bank services and this is what makes many banks afraid of bitcoin.
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VIC-btcforum
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March 21, 2018, 06:38:42 PM |
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i think it is their biggest fear lol
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boranes
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Change Your Worlds Build a New Era!
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March 21, 2018, 06:39:49 PM |
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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!
Bank says that the cryptocurrencies are threats for them. Banks are afraid that people will stop investing to them because people will prefer to invest and to save their money in the cryptocurrency world. Of course, banks are offering 1-2% annual returns while crypto market offers much more than this. Despite the fact that crypto is very risky investment I would rather invest in crypto than in bank. |
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AllOfArt
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March 21, 2018, 09:01:41 PM |
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When all this new cryptocurrencies will increase, it might be
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SadEmo
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March 21, 2018, 09:19:52 PM |
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I don't think so. Banks are protected by government and fait will be used for sure, not many people using cryptocurrencies compared to fait nowadays.
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fuding12
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March 21, 2018, 09:33:32 PM |
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Yes, I think banks are very scared because citizens around the world have started to support crypto currencies like Bitcoin etc.
They always criticize, and spread fear to the holders of digital currency, they always say that cryptocurrency like Bitcoin is a fraud, bubble, etc. In the hope that people will be hindered to invest and return their money to the bank.
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AllOfArt
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March 21, 2018, 11:27:22 PM |
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Bitcoin is a true example of an emerging technology network with a lot of potential for improving baking models. Cryptocurrencies have last a few years now so this is changing how we see the financial market
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MartynasB
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March 22, 2018, 04:53:27 AM |
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Banks can be afraid to change their system in which they have a good % of profit, so they might talk bad about crypto. But to listen what bankers are saying about cryptos its the same like talking with taxi driver about uber  |
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Jessica2009
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March 22, 2018, 06:23:47 AM |
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People almost had trusted the Banking system for several years but now it has lost faith to Banking sector due to the greediness of some sectors this damaged the trust in Banking area to the people. Cryptocurrency are virtual currency which is used as a medium of exchange without a intermediary involvement this makes the banks and government scared of cryptocurrency. Normally Bitcoin was created as a solution to the problems created by the Bank to the people.
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Firdausiii
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March 22, 2018, 08:44:37 AM |
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They just don't understand it. I was recently on the trading floor of a major bank here in Ireland looking to interview for an internship. Everyone was talking about bitoin as it had just hit the all time highs it is now hovering around. However nobody actually understood what it was or how it worked.
The crypto currency is decentralized, so there is no need for a bank. If you understand the process it will be more clear that the banks are in fear. Banks are afraid of online money or crypto currency and for sure it happens. Because the crypto currency bank will lose a lot of transactions and savings accounts. People will look for places other than banks because banks always deal with cash or currencies where everything is controlled by the central bank |
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VIC-btcforum
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March 22, 2018, 08:57:02 AM |
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they fear blockchain
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Blueblade
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March 22, 2018, 09:09:23 AM |
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Banks fear cryptocurrency governments will lose seigniorage income—the benefits derived from printing money, and they will lose the ability to control the economy.
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Lady Coquet
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March 22, 2018, 09:13:55 AM |
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As for your concern, bank companies does not feared bitcoin they do afraid that people may get fooled or loss a big amount of money just for the sake of earning some bitcoin, that is why they issued some restriction or warning about it, because they protect people and enlighten people on what could possibly might happen.
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sulec70
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March 22, 2018, 09:17:11 AM |
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Clearly, banks fear bitcoin and cryptocurren. If I was the manager of a bank, then I would warn and take measures against bitcoin because bitcoin develop strongly, many people use it, the number of bank customers decreases and benefits the bank reduced.
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SirTradeX
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March 22, 2018, 09:21:06 AM |
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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 banks make money by using our deposited money. It is only logical they are affraid of the cryptos since if we don't have money in our bank accounts they have nothing to play around with. I believe they will either have to adapt or make some regulations so the FIAT market won't collapse in the future. All the banks are doing right now is logical since they don't want to loose any amount of money. BR |
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Nyenyepogi
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March 23, 2018, 08:40:15 AM |
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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 some banks scared about bitcoin because bitcoin is very fast to transact while in bank you need to take a big time before you'll get your money so i think if crypto bcome more popular maybe banks will do something to remove bitcoin. and because of banks theres a lot of people lock their accounts in bitcoin so i think it is so dangerous. |
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Bhalibad
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March 23, 2018, 09:02:18 AM |
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Banks don't fear of cryptocurrency, but truly speaking banks around the world has experienced a big loss just because of the entire cryptocurrencies. Right now the banks were with plans to get integrated with the cryptocurrencies and provide service. Such an access can be found in banks by the upcoming years and there is no fear on its growth.
I don't agree with you. Banks are afraid of crypto currencies. If you are considering the operation of banks only as exchange and transaction with Fiat then do banks have their own niche, but the main purpose of banks is raising capital, and crypto currency create capital outflow from banks. I think that banks are already afraid of cryptocurrencies.It is a large thread for them. Banks might be replace in the future by them. |
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