Do Banks fear cryptocurrency

[odakorlina]

In my opinion, they will fear in the popularity of the cryptocurrency because cryptocurrency are their most competitor and crypto has more benefits than banking. People are now beginning to see that you can make more money without having a bank.

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[leonix007]

Major banks is now looking at BTC for their benefits, they do know realized how BTC is now become and their business impacts , some are now looking to integrate blockchain technology on their systems or possible accepting BTC directly. even JP morgan strategist is positive for BTC legitimacy in the future.

https://www.cnbc.com/2017/12/01/jpmorgan-strategist-bitcoin-futures-can-add-legitimacy.html

[ace4549]

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, because they can be a threat in their banking industry. Bitcoin performs excellent in the public market which many company see’s their fast growth and potential to dominate in the whole world.

[DoublerHunter]

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, because they can be a threat in their banking industry. Bitcoin performs excellent in the public market which many company see’s their fast growth and potential to dominate in the whole world.

They don't completely fear the cryptocurrencies because they know that they have the last laugh in this game because if they want to make the cryptocurrencies disappear then they can just tell or go to the governments that cryptocurrencies are getting into a bigger threat for them and because of that, it will make the government tighten the regulation.

[Frost149.6]

Yes, the fear crypto currency (Bitcoin). If people starts to use Bitcoin they will not invest or save money in the bank the will use block chain to save their Bitcoin. In this case the money will be Bitcoin and the bank will be the block chain. I think Bitcoin will definitely perform excellent in public market because of it's fast growth and it has the potential to dominate world currency.

[BitBenefit]

They will either fear crypto and do everything in their power to stop it, or they will work with it and make profits so everyone will be happy

[Paycoinzzz]

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, because they can be a threat in their banking industry. Bitcoin performs excellent in the public market which many company see’s their fast growth and potential to dominate in the whole world.

They don't completely fear the cryptocurrencies because they know that they have the last laugh in this game because if they want to make the cryptocurrencies disappear then they can just tell or go to the governments that cryptocurrencies are getting into a bigger threat for them and because of that, it will make the government tighten the regulation.

Although the power of the bank will reduce by the popularity of Bitcoin in next time, but I am sure the bank will not disappear by the cryptocurrency world.
The government do not care cryptocurrency can grow every day, they just care "can they earn profit through cryptocurrency!".

[H0neyCakeDumpIing]

It'll last until a better gold coin emerges that will be used through the World as an recognized neutral forex for all. However prior to that happens, bitcoin will likely undergo its beauty as well as become like main Globe forex that'll be accepted in most countries and become popular. I understand there are this frightening things like probability of hand or even the prices are fluctuating a lot, but it's absolutely nothing that may really finish bitcoin from nowhere. It will probably slowly pass away when its time originates,there is still good chance as the entire cryptocurrency, blockchain technologies are just starting to go popular. but

[carefumles]

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!

if you trust in Central Bank must be afraid now (All banks see bitcoin technology against bank and what mean by the bank ).so it is hard to know any bank accept bitcoin .


Is this bad news ? now it is only warning and will never effect.

[Hugroll]

Well, if people start storing their assets with bitcoin instead of banks. they lose a ton of their money. so banks should be scared, but right now i think bitcoin isnt that big enough to take over banks.

[sandy14350]

That was the methods of bank to scare people, they trying to mislead people about the excellent features of Bitcoin and Blockchain,

Banks transactions are going to fade for the next coming decade, and people are longer put fiat on banks. This is the only reason why Banks are so much afraid about crypto currencies.

[noormcs5]

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!

Actually it is not a fear talk for us, but i think bank has some fear from all cyrpto currencies that's why banks not want that people attract with crypto and do transaction on crypto. But i am not afraid even i rely on all cyrpto currencies that's why i give vote for cryto not for bank faviour. 

[poscrypto]

I think, so many banks fear from crypto currencies, because they know that they are booming at the moment

[Raju149]

Banks should fear cryptocurrency because the rate at which people invest and  use digital currency as a form of exchange is alarming. Cryptocurrency is a great threat to the banking sector.

[PointHope]

Bitcoin is going to force the government banksters back to a gold standard.

Short of turning off the internet it is out of their control.

Bitcoin blockchain is going to force not just governmemt to behave responsibly, but people as well.

[anhhung409]

What they worry about and advise us is absolutely correct. However, it is only good for newcomers and not aware of Bitcoin. Left, most of the perennials can earn a lot of money from Bitcoin. Because they have experience as well as knowledge in investment and business. So do not be afraid if you know everything about Bitcoin

[yoseph]

I think, so many banks fear from crypto currencies, because they know that they are booming at the moment

Though most banks are losing customers due to bitcoins, there are a lot of banks who are smart and they are currently investing into bitcoins because they see the value and the potential that it has.

[posoa]

Yes banks fear crypto currency for sure. this is glaring from the advice and warning they issued to their customers to be careful ans stay away from any thing called cryptocurrency. The banks from recent activities might have find out from a  reliable source that their customers are investing in crypto currency and they decide to advice them to stay clear of it. Definately banks fear cryptocurrency. As it is one that can cause less effective turnout in their business.

[_noname_]

Banks are not terrified of crypto currency , they are just endeavoring to be careful their nation's cash.

Rather than digital forms of money to influence banks to vanish, they will cooperate to accomplish one point.

[Kotone]

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!

They would not make their own ceyptocurrency if that is not true. I also think that cryptocurrency is something that the whole world knew nothing about and the banks for all their hold in money and power were surprised. Y how fast it grew and blossomed