Do Banks fear cryptocurrency

[Ewinsane]

Central Bank of Albania said that people should afraid in cryptocurrencies, think if all people courage in cryptocurrencies and all people use bitcoin wallets, banks might be lost or might be bankrupt we know we said bankrupt the state of lack in particular or value. The central bank said to people because afraid to be lost or bankrupt

The statement given by the bank of Albania is just for the defaming crypto but in short this reflects the fear of the bankers all across the world and more of it crypto currency has carved its place in people heart so that no one can vanish it and now comparing with banks, banks are all about their own profit but here crypto is giving 100 percent of profit to its investor and that’s the best thing that is in crypto,

[macchiato]

Banks are afraid of how btc outpowers fiat money. Real cash are usually eaten by inflation. This is the reason why it is not always good to invest your money in banks because the interest that it gains just compensates the value your money is losing as time passes by. Also, bitcoin offers a lot more profit and allows privacy to users when it comes to investments. In terms of transactions, btc has proved itself to be quicker and more convenient.

[BitProNews]

Banks are sheety institutions that govern the world behind scenes. I suggest everybody to stay away from their theories and advices because they are much greedy than anything ever exist. They can't control it so they just try to take away their loyal custmers.

[ekoice]

Its a formal warning issued by central bank of any country which controls and regulates all other banks in that country.Whenever a new project or scheme comes related to economics,central banks issues a warning to people about it.Even the reserve bank of india issued a warning that bitcoin is very volatile and risky investment.But later,indian government changed its stand about bitcoin and had decided to legalize bitcoin.So,that's no need to worry about.But normal banks considering bitcoin as a rival is another issue.

[1NV3ST0NM3]

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 banks do fear cryptos and the simple reason is that if people will find better returns in crypto world and altcoin exchanges banks would suffer a great deal of business. However some banks have been in continous talks to collab with a few cryptos.

[quarkyplum]

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 banks do fear cryptos and the simple reason is that if people will find better returns in crypto world and altcoin exchanges banks would suffer a great deal of business. However some banks have been in continous talks to collab with a few cryptos.

Nope, as far as I know, only some banks from EU want to use the technology from Ripple for the banking system in this arena. Of course, it does not mean they will use Ripple for their system. Because they just want to use its technology than use the cryptocurrency.

[S3052]

Banks should fear if they cant adopt and improve their system about blockchain tecnology. But decentralized model of modern banking is not so far. IMO current cryptocurrency trend will destroy traditional banking system after few years.

[Shikaina]

I think so and not only banks but also governents. If not, they would not ban it in china, venezuela and all those countries that threaten bitcoin users so badly. I just read by 2018 bitcoin will be totally banned in Pakistan if i am not mistaken. 

[julzcoinbit]

I think so and not only banks but also governents. If not, they would not ban it in china, venezuela and all those countries that threaten bitcoin users so badly. I just read by 2018 bitcoin will be totally banned in Pakistan if i am not mistaken. 

There are two different things so why they must fear each other while they can't help each other If government legalized bitcoin and there is a bank of bitcoin and it will broke it's decentralized paradigm because they are control by government not peer to peer anymore.

[rayneh]

This is a demonstrated thing that banks are fear from cryptocurrency in light of the fact that there esteem is nothing toward bitcoin. Bitcoin is much unrivaled toward banks. Presently a days people are going for bitcoin rather bank in light of the fact that in bitcoin they are getting much open doors while in bank they are getting nothing. So in this way banks fear cryptocurrency.

[foxbat]

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

Very accurate, currency code is a currency that banks are currently not able to control. That is why they do not accept them. In some places, there are also proposals for a ban on cryptographic currency, a really selfish way.

[Targusluxe]

I think so. That"s why there are some central banks in other countries banning bitcoin cause they fear bitcoin
Has more value than their own currency.

[brampower]

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

If you are talking about the governments then it is right that they could not control bitcoin in every aspect,but they could bring some regulation and monitor the flow within a country if they regularize exchanges or the places where bitcoin is owned or transferred .The fear banking systems do have is that if people start using it more then they wont be having any jobs in the long run.

[szpalata]

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

If you are talking about the governments then it is right that they could not control bitcoin in every aspect,but they could bring some regulation and monitor the flow within a country if they regularize exchanges or the places where bitcoin is owned or transferred .The fear banking systems do have is that if people start using it more then they wont be having any jobs in the long run.

Yes the governments and central banks are all inclusively together afraid of cryptocurrencies especially bitcoin because if their citizenry adopt it on a large scale they cannot monitor their finances and they will render the local fiat useless if some bad people are living in their economy.

[twicezeroiszero]

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

If you are talking about the governments then it is right that they could not control bitcoin in every aspect,but they could bring some regulation and monitor the flow within a country if they regularize exchanges or the places where bitcoin is owned or transferred .The fear banking systems do have is that if people start using it more then they wont be having any jobs in the long run.

Yes the governments and central banks are all inclusively together afraid of cryptocurrencies especially bitcoin because if their citizenry adopt it on a large scale they cannot monitor their finances and they will render the local fiat useless if some bad people are living in their economy.

That is not all, the main of reason the government do not want accept Bitcoin is the tax and the management the world's economy and finance.
The world's economy and finance control by the internation banking through FIAT and Gold.
But Bitcoin is unlike these things, it can not controlled by anyone, so do you think the government can keep their power when they accept Bitcoin?

[KuromaYoichi]

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!

Of course they are afraid, if their customer stopped depositing money then they are basically screwed. They can't control crypto , it has more advantage than using bank service and it will snatch their customers so they want to get rid of crypto as their competitor.

[dhas]

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

I dont think so. I dont see any reason for bank to be scared about cryptocurrencies. If they can only know how to handle the digital world, then they dont need to be threaten. But if they think that bitcoin currency can be better than banks that's the time they should prepare themselves for a big change.

[moamin77]

I believe they do! Especially with the increase of their daily issues, long delay & non-sense processes compared to the simplicity of BTC & crypto currencies that more folks start to realize & enjoy & that reflects on the increasing number of complaints from the current banking systems

[Bellator]

Its a formal warning issued by central bank of any country which controls and regulates all other banks in that country.Whenever a new project or scheme comes related to economics,central banks issues a warning to people about it.Even the reserve bank of india issued a warning that bitcoin is very volatile and risky investment.But later,indian government changed its stand about bitcoin and had decided to legalize bitcoin.So,that's no need to worry about.But normal banks considering bitcoin as a rival is another issue.

I don't really thought that they do fear in crypto currency, even how popular bitcoin is but still it cannot give such great loss for the bank since crypto currency is not yet fully operated for all the transaction in the world. In the end many investors in crypto currency will still need bank transaction for the money transfer into real money.

[bitcoinvestor]

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 are affraid of the growth of bitcoin usesrs. They tend to dislike cryptocurrency community. This is the fact that some business held by banks threatened by bitcoin. Storing asset now is easier with bitcoin wallet. This is one of banks field of service. Other are remitance, transaction, exchangers and some business. The growth of cryptoccurrency has destroy the glory of hongkong stock exchange. Hongkong stock exchange now closed.
https://cointelegraph.com/news/sign-of-times-hong-kong-stock-exchange-trading-floor-closed-to-be-turned-into-museum