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Author Topic: How do banks feel about crypto  (Read 831 times)
Temmy007
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September 16, 2017, 02:20:56 PM
 #21

It very obvious banks and government don't like cryptocurrency,  nevertheless they will have  to be creative and find a way to join the train, . They will surely find a way to tame it,  generate taxes and other bullshit from it, because there survival depend on it

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September 16, 2017, 02:29:35 PM
 #22

It depends.

They do like them in sense of security (the blockchain technology), which they are already adopting in some ways.
But they absolutely dislike them because they fear the influence of crypto growing.


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September 16, 2017, 03:14:40 PM
 #23

Eventhough that they are adopting blockchain technology in their own system, cryptos is a huge threat for banks and forex.
It starts to absorbe more and more money, that people can invest in banks or trade on forex Smiley

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September 16, 2017, 03:25:56 PM
 #24

I think there is also true with this statement, as reported by KompasTekno from The Next Web, Thursday (09/14/2017), exchange rate bitcoin again declined due to comments JP Morgan CEO, Jamie Dimon, earlier this week.
Jamie Dimon, then said that bitcoin is a mess that will soon explode. He even joked that his daughter had bought some bitcoins, and was genius because the digital shrimp exchange rate rose by up to 300 percent this year.
"This (bitcoin) is not a real thing, it will one day die. I do not recommend to immediately collect bitcoin and sell 100,000 US dollars bitcoin before the value down, "he explained when speaking in the event Delivering Alpha Conference.
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September 16, 2017, 03:29:22 PM
 #25

It depends.

They do like them in sense of security (the blockchain technology), which they are already adopting in some ways.
But they absolutely dislike them because they fear the influence of crypto growing.

Yes, you are right, some banks like them because they are trying to use them and think it will be great help to their business. but some traditional banks dislike them because they do not want to make changes.

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September 16, 2017, 03:41:15 PM
 #26

I think the bank must be very worried about the existence of bitcoin, because if people prefer to invest the money in bitcoin in the appeal in the tube dibank, then the bank can also go bankrupt. but I think in a small country, the bank has not really thought about it, because not many people in small countries use bitcoin

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September 16, 2017, 03:51:50 PM
 #27

It depends.

They do like them in sense of security (the blockchain technology), which they are already adopting in some ways.
But they absolutely dislike them because they fear the influence of crypto growing.

Yes, you are right, some banks like them because they are trying to use them and think it will be great help to their business. but some traditional banks dislike them because they do not want to make changes.
If you want to use altcoins for banks, these coins will be become coins centralization, not are altcoin have nature decentralization like the definition of the cryptocurrency world. Of course, ICO tokens do not affect by this rules Grin

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September 17, 2017, 10:23:42 AM
 #28

Yeah it is clear all money that is going into crypto is going out of their control. Over 120 billion usd... Just to send once that kind of amount you can guess how much money banks and governments lose because of their high fees and taxes. But there also comes inability to overview, freeze or take away any money. I don't know how banks will adopt around crypto but they will have to somehow. And if banks want to step in the game creating their own it will be fully centralized, controlled by them and it will be worse than example usd because then each bank will have full control over their currency.
The only worry is that they will implement strict rules, block exchanges try to force taxes into it and similar. They will find a way you can be sure.
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September 17, 2017, 10:30:08 AM
 #29

I think governments and banks are not silent they are finding a solution for all these investments. The main of governments and banks are how can we these transactions be controlled by banks and how can we deduct the taxes from the people.



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Mahanton
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September 17, 2017, 12:25:05 PM
 #30

I think governments and banks are not silent they are finding a solution for all these investments. The main of governments and banks are how can we these transactions be controlled by banks and how can we deduct the taxes from the people.
They are not blind and same as you said they are not silent and do already find the ways on how to stop these adoption my by cryptos on which their services is really mainly being affected because people do already engage on cryptocurrencies.They do see bitcoin as an enemy for sure this is why they dont really tend to accept bitcoin because it is a decentralized thing.

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September 17, 2017, 12:27:06 PM
 #31

Im sure if they can make a profit on it the banks like crypto currencies because thats what they care about, the money

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September 17, 2017, 12:43:00 PM
 #32

unfortunately many people above are saying bullshit and barely know something about cryptocurrency and banks. there were so many banks that investing and do trading to grow their capital through cryptocurrency.
if anyone say bank don't like bitcoin, it's maybe, but for profit they don't give a shit as long if the thing could generate them profit by holding.

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September 17, 2017, 01:35:14 PM
 #33

More and more banks will get into crypto, I assure you. They are slowly discovering it as a great investment opportunity with high returns.
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September 18, 2017, 04:13:16 PM
 #34

Well I guess they will be in the game. They have good power with large amounts of money so they can control prices.
Everybody know that money goes towards rich ones because of large sums and investiments in many projects. They can accept losses while you have to take higher risks with only 1 or few projects with small reward.
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September 18, 2017, 04:21:28 PM
 #35

I think they dislike crypto. But they also don't want to miss the opportunity to make a lot of profit. They are investing in Bitcoin and Ethereum, so it is good for the value of Bitcoin and altcoins.
But they don't like if people don't pass by them to buy bitcoin, as they don't receive any money.

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September 18, 2017, 04:27:19 PM
 #36

I think they feel bad about crypto because people are starting to withdraw their savings to invest in cryptoworld.
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September 18, 2017, 04:32:43 PM
 #37

I think banks hate crytpo since nowadays there's a lot of investors who invest in crypto instead on the bank. We can say that at the bank - your money will be more secured however minimal income (interest etc.) and on the other hand even though in crypto is not so secure, most of the investors will invest in crypto due to lot of money that they can get once the project is successful.

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September 18, 2017, 04:36:35 PM
 #38

unfortunately many people above are saying bullshit and barely know something about cryptocurrency and banks. there were so many banks that investing and do trading to grow their capital through cryptocurrency.
if anyone say bank don't like bitcoin, it's maybe, but for profit they don't give a shit as long if the thing could generate them profit by holding.

No one knows actually but there still a possibility on the things that you do said on here that those banks might really engage on cryptos too but on a hidden way for sure knowing that they are regulated and they shouldn't engage on decentralized things.Banks would really jump on things which they can see that they can able to generate profits not on the way on using it but just as simple on making investment too just like what we are doing.


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September 18, 2017, 04:38:22 PM
 #39

They feel screwed by a person named Satoshi Nakamoto. Their business is at risk if they don't transform themselves and give more freedom to public. Although, some banks are smart and realise they don't need to bring the cryptocurrency down they just need to outsmart other banks

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September 18, 2017, 04:41:20 PM
 #40

Banks want to destroy cryptos because they understood the danger to their fraud system. It is under attack the crypto world now. They try to manipulate prices and people to leave the blockchain revolution.   Angry

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