Do Banks fear cryptocurrency

[mxyzptlkof6th]

Yes. Banks are controlled by the government so that they can control the flow of money. If we rely on cryptocurrencies, there will be no need for banks and their businesses will drop.

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[theblack_cat]

Yes. Banks are controlled by the government so that they can control the flow of money. If we rely on cryptocurrencies, there will be no need for banks and their businesses will drop.

but we also need a third party such as a bank that is because if we want to change the bitcoin into dollars or other already existing exchanger but for of exchanger to us of course we need a Bank

[futuret]

yes. bank afraid with bitcoin. in my country they afraid not popular or not be place that be destination of many people. and it make bank decrease their income, make them disappear from people thought.

The reason why the people are afraid of the bitcoin lose if hope he bitcoin will allow the bitcoin and the holding of the bitcoin so I like the bitcoin to be hold at the low price and with the time you will see the price of the bitcoin will increase I can see how the bitcoin is changing but putting the money in the bitcoin will not increase the bitcoin price. Bitcoin is the best currency to pay and to invest at the same time so buy more and save more.

[webdevmastery]

Yes i think they should. Most of the investors are turning to bitcoins because of the price that keep's on increasing greatly every month, So banks must implement soon a way to hold bitcoin with greater scaling value.

[superjeyy]

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 love the optimism of this post; positivity is shown which I think is a side that is often ignored by many. When a warning is given, many would think that one may want to simply ask those who are involved or may be involved to be careful about a certain situation that may lead to disadvantages. On the other hand, the party that was issued the warning about would think that they are threatened by them. One thing they always miss out is how these two aspects can work together to actually function as a unit for a better future. Bank's would have their reasons for issuing a warning about Bitcoins. What we don't know is that maybe in the future, banks would start storing Bitcoins or have banks ffiliated with Bitcoin transactions. Let's try to see the good in everything, maybe now people won't see a relationship with bank and Bitcoin but naybe the future is bright for them.

[Kiridaya]

Of course the banks should be afraid, cryptocurrencies are something that can replace them.
If I were them I would probably do the same thing they did, and try to make my customers stay.

[Aragorn_125]

I think that banks are not afraid of crypto currency. They could also use it and issue loans in the crypto currency. They are afraid that the government can deprive them of the license for such actions

[ElizaZX]

Risks are at all. Banks have more. The Crypto-currency selects a substantial piece of pie from bankers. Motivated by high interest, lack of taxes.

[LydiaBob]

Of course they are, cause it is a whole new system! Decentralized, not controlled by them. I am very hopeful that the current system will finally change

[danpol]

Banks and government understood that the prohibition of bitcoins would hit them by themselves.
Bitcoin has already spread all over the world, so it will exist in the country's economy illegally.
If banks join in work with bitcoin, they have a chance to gain control or at least be aware of the situation.

[electronicash]

banks will be irrelevant soon as cryptocurrencies will find its way to the phones of regular people. notice that most of the technology being created these days includes mobile integration and compatibility. if soon people realizes that they can bring all their money they have with just their phones, banks will be irrelevant.

[coinoberg]

Of course they are, cause it is a whole new system! Decentralized, not controlled by them. I am very hopeful that the current system will finally change

Exactly. That is what they are afraid of the most. Decentralization is their number #1 nightmare as their power comes from centralization. I also hope the same, finally this corrupted system will have to change and be more fair.

[Sihab76]

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.

Bank don't fear Bitcoin but bank don't get any interest to bitcoin currency.  Bitcoin transfer or transaction occurs via online internet providing system without giving tax. In this reason bank frequently fear bitcoin.

[Zabercoin]

No wonder, crypto-currencies can greatly shake their systems.

[LifeRacer]

Banks are  really afraid of Crytocurrenies,anxiety about no central authority or middleman dealings,i think this the main reason why government are afraid of the cryptocurrency  too.Nothing like the fiat forex were government have control over it

[laytonhebert]

like this is already often the case, for those who are beginners in bitcoin globe will certainly stress. But for people who have lengthy known bitcoin, things like this are normal and can come back as prior to.

[CurlyGirlyBee]

I think it is much more like that banks does not have much believe in on bitcoin or we could say not one at all. It is because of bitcoin being decentralized and very volatile and they most likely are planning that bitcoin is just some sort of scheme and it also is harming their business. But there's also some banking institutions that are aware of bitcoin's true character and i believe bitcoin's value will increase in addition if banking institutions will support bitcoin.

[hashtag101]

I think it is much more like that banks does not have much believe in on bitcoin or we could say not one at all. It is because of bitcoin being decentralized and very volatile and they most likely are planning that bitcoin is just some sort of scheme and it also is harming their business. But there's also some banking institutions that are aware of bitcoin's true character and i believe bitcoin's value will increase in addition if banking institutions will support bitcoin.

What's the benefit if the bank accept and use Bitcoin? Do you think they trade Bitcoin and the Bitcoin price increase help them get profits? In my opinion, the banks don't need Bitcoin for their activity and make money through trading. They have forex, stock, gold, real estate and many projects to join and make money, these fields are better and safe than Bitcoin.

[Tiktik]

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!

As far as i know bitcoin have a potential to replace bank thats why manye goverment alarm about bitcoinso thats why some goverment trying to ilegalized this  and banned this bitcoin.

[Monartis]

It seems to vary from one country to the next, as well as from one bank to the next.