Do Banks fear cryptocurrency

[iv4n]

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!

Is that ironic? Japan, South Korea, Australia, modern countries are adopting and legalizing bitcoin, but Albania is issuing a warning. Do you also think that their prime minister Rama and all Albania is still in Middle Ages? Its more a politic then bitcoin discussion, but I need to mention that they wish to make Great Albania, and push Islam in Europe, they are doing that slowly for decades.
As a country they are very closed, I believe there is a lot of extremist and terrorists in Albania, and I don't give 2 cents for what their Central Bank is saying, just a bunch of stupidity to keep their own people in the dark, they are doing that for decades and they are still doing that. Communism and dictatorship, its how I would describe Albania, and don't be bothered about their words!

[Mandoy]

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!

We dont need to be afraid and even the banks are not afraid of cryptocurrency. If they feel that they are threatened then you will just be surprised if the banks are already accepting cryptocurrency or they have their own cryptocurrency. Even last year in texas major bank owners have conducted  meetings as to introduce, adopt and integrate blockchain into their system. Even banks today owns large amount of bitcoin like the banks of Japan who bought bitcoin before their country legally adopted bitcoins. In the future even the banks will be accepting cryptocurrency since that will be the demand of the time and they cannot escape from it.

[audaciousbeing]

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 will say their intention is shady because they won't come out to issue such notice if they have not considered their own interest in the matter and they now decided to use the current phenomenon as a basis to push out their position since they believe now is the right opportunity to do that since they know newbies at this current time would be exhibiting some high level of doubt as to whether to stay or leave. But little did they know that are actually promoting what they intend to pull down.

[Przemax]

Thats what I was talking about in many other thread like this one.


Some weird shills from countries that noone has ever heard about, are being bribed by the banks from time to time to bullshit talk. Thats absolutely nothing new. What we can speculate here is how expensive it is to buy yourself a shill to make a fool of themselves. I would say 100k usd and it will dance for you.

Money talks, monkey walks.

[flag39]

https://news.bitcoin.com/central-bank-of-albania-lists-five-most-important-bitcoin-risks-public-warning/

[centralbanksequalsbombs]

Isn't it obvious and apparent from the hired-talent that are either programmers trying to hijack protocol code, social-engineers to post  FUD claiming there's problems with bitcoin in these forums, media editors in charge to post pieces to influence said opinions on both above?

Central Banks are trying to systemically attack Bitcoin.

It is war on control.

[reflector]

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 will say their intention is shady because they won't come out to issue such notice if they have not considered their own interest in the matter and they now decided to use the current phenomenon as a basis to push out their position since they believe now is the right opportunity to do that since they know newbies at this current time would be exhibiting some high level of doubt as to whether to stay or leave. But little did they know that are actually promoting what they intend to pull down.

Getting interest from Bank seems to be good but we guys paying huge amount as fees as a part for maintaining the account. If they involves a bitcoin in a banking system we do not have options to use than independently. We need to always away from the controlled system to be safe for ourselves first.

[wahb]

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 will say their intention is shady because they won't come out to issue such notice if they have not considered their own interest in the matter and they now decided to use the current phenomenon as a basis to push out their position since they believe now is the right opportunity to do that since they know newbies at this current time would be exhibiting some high level of doubt as to whether to stay or leave. But little did they know that are actually promoting what they intend to pull down.

Getting interest from Bank seems to be good but we guys paying huge amount as fees as a part for maintaining the account. If they involves a bitcoin in a banking system we do not have options to use than independently. We need to always away from the controlled system to be safe for ourselves first.

i do not think that banks will take interest in bitcoin. i am sure that banks will only take interest in bitcoin when their government will start taking interest in bitcoin. i am sure that when banks will start taking interest in bitcoin and if they will consider bitcoin as legal currency then banks will also start accepting bitcoin for transaction and even for depositing and withdrawal.but i think it will take a lot of time and it is not such an easy task.

[Victorycoin]

Isn't it obvious and apparent from the hired-talent that are either programmers trying to hijack protocol code, social-engineers to post  FUD claiming there's problems with bitcoin in these forums, media editors in charge to post pieces to influence said opinions on both above?

Central Banks are trying to systemically attack Bitcoin.

It is war on control.

They already lost the battle because have fully played the revolutionary role it was meant to play. We know now that we can be our own banks and don't have to bid anyone's approval to spend our hard earned miney. In the event they succeed in derailing Bitcoin, they had better be ready for a million and one, highly sophisticated offsprings of Bitcoin

[Vikingr]

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!

The banks afraid and  think it s only because of the fluctuations in the price only and if it is this then they do not know about the nature of asses and trade. They have t know that it is like all other asses and currencies which show fluctuations because of initial stage of the currency.

[centralbanksequalsbombs]

Isn't it obvious and apparent from the hired-talent that are either programmers trying to hijack protocol code, social-engineers to post  FUD claiming there's problems with bitcoin in these forums, media editors in charge to post pieces to influence said opinions on both above?

Central Banks are trying to systemically attack Bitcoin.

It is war on control.

They already lost the battle because have fully played the revolutionary role it was meant to play. We know now that we can be our own banks and don't have to bid anyone's approval to spend our hard earned miney. In the event they succeed in derailing Bitcoin, they had better be ready for a million and one, highly sophisticated offsprings of Bitcoin

Victorycoin, thank you for your reply; I align with your views and find you correct, however high fragmentation would make bitcoin ever increasingly more difficult for the wider public audience to understand and subsequently accept....Bitcoin today is maybe like 1% adopted?

[zilions]

Sure, cryptos do pose some threat as the market cap is continuously growing. I think some major banks have stopped worrying and instead are now trying to compete. The whole "scare" tactic thing didn't work, so now they probably have to improvise and adopt it instead, otherwise, it'll be another "Kodak" movement.

[micher143]

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!

Maybe they do not. Because banks and cryptocurrency must not have that kind of mindset arguing or competing with one another. As long as there is a balance between the two. But since bitcoin is now leading its pathway to the top, banks can do really issue or establish featuring bitcoin as one of their operating services.

[emezh10]

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!

Bitcoin might be a large threat to banks through its decentralized block chain that enables users to manage their own account and do their own monitoring without the presence of banks. But despite of this matter, banks would not be afraid of it because if people demands on using bitcoin, they will surely issue that they will be operating bitcoin in their bank to satisfy the crave of the crowd.

[bitbunnny]

I think they are over this phase. They don't fear cryptocurrencies anymore, they have decided to take the advantage out of it. They know cryptocurrencies will not and can't replace the fiat but will become the part of financial world and they can't avoid it anymore. Since their primaraly goal is profit they will take their part of this cake for themselves.
So don't be surprised when in near future they offer cryptocurrencies related services.

[xuan87]

I think banks are not afraid of crypto currencies, the just hate crypto currencies because they are unable to control crypto currencies, and no matter how useful and how popular are crypto currencies, the bank won't collapsed, now some of the bank is looking a way to take advantage of crypto currencies

[iram1011]

Neither are they afraid of cryptocurrencies nor should we.

On one hand banks are right that cryptocurrencies are dangerous as there are lot of scams going on and most of the coins are shit and dead. People usually forget that cryptocurrencies are not only top 10 or 50. There are tons of out there which are mere scams. We should be cautious in choosing the currencies and for safe trading stay in top 10-20.

Now comes the bank. Being a centralized institution, it is natural of them warning people of Decentralised currency. Before Bitcoin it wasn't even believable that there would be any decentralised currency. Banks had a hard time digesting that. Earlier they used to mock the concept but now with ever increasing market cap , they have very well understood the reality and in future we would see them incorporating cryptocurrency in their system because crypto assets bring a value proposition that can't be ignored. Already started by private bank in Switzerland (Falcon Group).

Neither can bank eliminate cryptocurrencies nor can cryptocurrencies eliminate banks from financial landscape. They both will coexist as they both cater to different needs.

[Dainye_dyep]

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!

No they do not fear it. Because as much as possible there is no competency built between banks and cryptocurrencies. Because crytpo currency is now the evolution of the usual currency. Even though bitcoin is now leading its way to the peak and gaining massive users, it is not an alarming situation for the banks. They can be surely adopt and evolve their operational services by also offering bitcoin service to get into consumers demands.

[Lomberjack]

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!

Although we are thinking that it is a turning moment for the banks because of the rise of bitcoin, they always taking up a plan to be able to get along with the technology innovation of the current currency and put it into upgrade in terms of cryptocurrency. They will surely hold into consumers demands so they will start operating the usage of bitcoin so they will be not afraid of loosing customers.

[Mergesort]

Humans fear to lose their jobs to machines. Machines are reliable, work 24/7 and ROI is way better compared to a human. So, of course, there is fear of something new, but we humans are able to adapt to new situations. Banks will use cryptos or slowly die.