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Author Topic: Another Good news about bitcoin  (Read 822 times)
gambitcoin53
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January 30, 2018, 03:18:57 PM
 #1

Recently, the world's first ever Bitcoin bank

http://kryptomoney.com/worlds-first-bitcoin-bank/

Bitcoin has been improving since it started its first trade and now this great news, bitcoin will soon be here to stay, what can you say about this great news?

Will it support the growth of bitcoin as far as stability is concern?

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January 30, 2018, 04:28:17 PM
Merited by just_Alice (1)
 #2

You know...news...means usually something recent.
That is from Feb 15, 2017.

And unfortunately, it's not a bank, it's just an exchange.
https://www.rt.com/business/376977-austria-first-bitcoin-bank/

Quote
It is designed to make buying and selling bitcoin easier and safer than other in-person options.
The ATM machines exchange bitcoin for euro, and vice versa. Customers can also get information about the virtual currency.

But anyhow, depositing your bitcoin in a bank...what's the point of doing that?
You already have the best bank at your disposal, your wallet, so why move your coins to a 3rd party that might just run with them?





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January 30, 2018, 04:51:17 PM
 #3

The idea of a decentralized online currency was to say "No" to banks (more or less). So, I don't think it's "another good news". And by the looks of that link, I don't think it's a bank, it's like an exchange. Although it makes some sense since, I think the exchanges are like a bank in crypto world.
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January 30, 2018, 05:19:54 PM
 #4

bitcoin has now become the world's attention.
many who study it and some who do not want to know about this,
but on the other hand for countries that have a reflection of their future begin to legalize bitcoin and make plans to have the advantage of its users.
and this will definitely push up the bitcoin price

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January 30, 2018, 10:35:59 PM
 #5

There is nothing called BANK exists in crypto-world.
The one you are saying is a exchange. Another So called crypto-banks  providing loans are Just private Lenders not bank. Bank is a institution that control the money in circulation and take responsibility of your deposited fund.  But none of these crypto-banks take the responsibility of our funds.

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gambitcoin53
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January 31, 2018, 12:40:53 AM
 #6

You know...news...means usually something recent.
That is from Feb 15, 2017.

And unfortunately, it's not a bank, it's just an exchange.
https://www.rt.com/business/376977-austria-first-bitcoin-bank/

Quote
It is designed to make buying and selling bitcoin easier and safer than other in-person options.
The ATM machines exchange bitcoin for euro, and vice versa. Customers can also get information about the virtual currency.

But anyhow, depositing your bitcoin in a bank...what's the point of doing that?
You already have the best bank at your disposal, your wallet, so why move your coins to a 3rd party that might just run with them?







edited: thanks to stompix

the word "recent" doesn't always means that this news is current, yes it was dated feb 2017, but the fact that it was the first bitcoin bank that was ever formed and i dont know when if others followed after it was formed in feb 2017, i cannot argue with terminologies anymore. sorry my bad.

it was owned by a blockchain company but that does not mean it is a blockchain and not a bank, it was formed to be a bank to make easy and safe buying and selling of bitcoins. even wallets are backed up by a bank, you need a 3rd party for bitcoin to create traffic and gain popularity and trust. as the saying goes "no man is an island".

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January 31, 2018, 01:30:13 AM
 #7

Maybe this particular question talking about bitcoin bank, are all about banks transaction on bitcoin. I don't ever heard or seen in my hometown any bitcoin bank, but talking about banks accepting widrawals transactions through ATM by using wallets, and yet it is really true. Although bitcoin good news are strongly standing globally, even there are some negative issues about bitcoin but still bitcoin continued the total operation and which a lot of people benifited and resulting it into a good news which many people became stable in terms of financial status.

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January 31, 2018, 02:02:35 AM
 #8

Recently, the world's first ever Bitcoin bank

http://kryptomoney.com/worlds-first-bitcoin-bank/

Bitcoin has been improving since it started its first trade and now this great news, bitcoin will soon be here to stay, what can you say about this great news?

Will it support the growth of bitcoin as far as stability is concern?
Everyday for me is a good news about bitcoin  especially when the price is too high I can't wait for it
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January 31, 2018, 02:12:05 AM
 #9

This is an old news and it was just a speculation and I am glad something like that never exist cause it was not necessary. The number one reason why bitcoin or any other digital currency differs from fiats or the normal currency is the merit of contoling your own bank and the decentralization system. After all, we already have the wallet to make management better for us. Without these, bitcoin won't be gaining this much attention.
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January 31, 2018, 02:22:11 AM
 #10

You know...news...means usually something recent.
That is from Feb 15, 2017.

And unfortunately, it's not a bank, it's just an exchange.
https://www.rt.com/business/376977-austria-first-bitcoin-bank/

Quote
It is designed to make buying and selling bitcoin easier and safer than other in-person options.
The ATM machines exchange bitcoin for euro, and vice versa. Customers can also get information about the virtual currency.

But anyhow, depositing your bitcoin in a bank...what's the point of doing that?
You already have the best bank at your disposal, your wallet, so why move your coins to a 3rd party that might just run with them?






If bitcoin or the altcoins will having a banks then this is good because our Bitcoin will be 100% safe, insured and will earned annual interest in which same benefits with our local money in the banks but i think this bitcoin bank did not exist because as what you have said this is not a news anymore but more on clipping especially that most of the banks are against Bitcoin today.

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January 31, 2018, 02:28:36 AM
 #11

Bitcoin is decentralization and freedom, how can it be linked with the Bank? I do not understand.
Banks are governed by the Government while Bitcoin is not affected by banking regulations.



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January 31, 2018, 02:30:42 AM
 #12

You know...news...means usually something recent.
That is from Feb 15, 2017.

And unfortunately, it's not a bank, it's just an exchange.
https://www.rt.com/business/376977-austria-first-bitcoin-bank/

Quote
It is designed to make buying and selling bitcoin easier and safer than other in-person options.
The ATM machines exchange bitcoin for euro, and vice versa. Customers can also get information about the virtual currency.

But anyhow, depositing your bitcoin in a bank...what's the point of doing that?
You already have the best bank at your disposal, your wallet, so why move your coins to a 3rd party that might just run with them?





Thanks for the information you gave, I'm trying to believe it to continue to buy Bitcoin. Looking at the market right now I think there is a lot of bad news about it that makes the entire market go down quickly.
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January 31, 2018, 02:39:16 AM
 #13

You know...news...means usually something recent.
That is from Feb 15, 2017.

And unfortunately, it's not a bank, it's just an exchange.
https://www.rt.com/business/376977-austria-first-bitcoin-bank/

Quote
It is designed to make buying and selling bitcoin easier and safer than other in-person options.
The ATM machines exchange bitcoin for euro, and vice versa. Customers can also get information about the virtual currency.

But anyhow, depositing your bitcoin in a bank...what's the point of doing that?
You already have the best bank at your disposal, your wallet, so why move your coins to a 3rd party that might just run with them?

yeah its very clearly, its not a bank, it was an exchange, and this is can be use in EURO and no other than that, so why should I use this, if I have a very owned wallet to store my bitcoin and nothing has change about doing that. I think this NEWS is only good for autria, and not to all bitcoin users.

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January 31, 2018, 12:00:44 PM
 #14

If bitcoin or the altcoins will having a banks then this is good because our Bitcoin will be 100% safe, insured and will earned annual interest in which same benefits with our local money in the banks but i think this bitcoin bank did not exist because as what you have said this is not a news anymore but more on clipping especially that most of the banks are against Bitcoin today.

How can you earn interest in Bitcoins since there are only a limited number of them?
If all users will put their Bitcoins in a bank where is the interest going to come from?

And why do you think that your coins will be safe in a bank, when your fiat money is not ?
If you care that much about having a bank in control of your money then just use digital cash and a plastic card.

You know...news...means usually something recent.
That is from Feb 15, 2017.

And unfortunately, it's not a bank, it's just an exchange.
https://www.rt.com/business/376977-austria-first-bitcoin-bank/

Quote
It is designed to make buying and selling bitcoin easier and safer than other in-person options.
The ATM machines exchange bitcoin for euro, and vice versa. Customers can also get information about the virtual currency.

But anyhow, depositing your bitcoin in a bank...what's the point of doing that?
You already have the best bank at your disposal, your wallet, so why move your coins to a 3rd party that might just run with them?






recent doesn't always necessarily means up to date, yes it was dated feb 2017, the fact that it was the first and i dont know when if others followed, i cannot argue with terminologies anymore. sorry my bad.

it was owned by a blockchain but does not mean it is a blockchain, it was formed to be a bank to make easy and safe buying and selling of bitcoins. even wallets are back up by a bank, you need a 3rd party for bitcoin to create traffic and gain popularity and trust. no man is an island they say.


Seriously, do something about your English.
I can't understand more than 25% of what you wrote there.



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January 31, 2018, 12:17:13 PM
 #15

It's really good news for bitcoin user why-not if bitcoin bank is open we can use it easy and i hope it's popularity more increase and since then all the country accept it.

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January 31, 2018, 12:20:40 PM
 #16

This is really a great news for us bitcoin holders. If the bitcoin will be having a bank and stay here,then I am more so excited of holding my bitcoin for the future. I would love to deposit it there.

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January 31, 2018, 12:33:59 PM
 #17

If bitcoin or the altcoins will having a banks then this is good because our Bitcoin will be 100% safe, insured and will earned annual interest in which same benefits with our local money in the banks but i think this bitcoin bank did not exist because as what you have said this is not a news anymore but more on clipping especially that most of the banks are against Bitcoin today.

How can you earn interest in Bitcoins since there are only a limited number of them?
If all users will put their Bitcoins in a bank where is the interest going to come from?

And why do you think that your coins will be safe in a bank, when your fiat money is not ?
If you care that much about having a bank in control of your money then just use digital cash and a plastic card.

You know...news...means usually something recent.
That is from Feb 15, 2017.

And unfortunately, it's not a bank, it's just an exchange.
https://www.rt.com/business/376977-austria-first-bitcoin-bank/

Quote
It is designed to make buying and selling bitcoin easier and safer than other in-person options.
The ATM machines exchange bitcoin for euro, and vice versa. Customers can also get information about the virtual currency.

But anyhow, depositing your bitcoin in a bank...what's the point of doing that?
You already have the best bank at your disposal, your wallet, so why move your coins to a 3rd party that might just run with them?






recent doesn't always necessarily means up to date, yes it was dated feb 2017, the fact that it was the first and i dont know when if others followed, i cannot argue with terminologies anymore. sorry my bad.

it was owned by a blockchain but does not mean it is a blockchain, it was formed to be a bank to make easy and safe buying and selling of bitcoins. even wallets are back up by a bank, you need a 3rd party for bitcoin to create traffic and gain popularity and trust. no man is an island they say.


Seriously, do something about your English.
I can't understand more than 25% of what you wrote there.




For me, the good news for bitcoin is that it is currently stabilizing the market price value and it has not decline below 9K and with this, I believe this will spike back in the coming months. According to some experts based on an article I happen to read, bitcoin price value may surpass the last years highest increase at 19.8K in the last quarter of 2017 and predicted to rise up to 60k in 2018 as what was predicted by a crypto currency enterpreneur  Julian Hosp (president of TenX).So, let's wait and see for the potential rise and recovery of bitcoin this year.
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January 31, 2018, 12:43:05 PM
 #18

I don't think those are really good news, and will probably end up like the AriseBank that was ordered to close down. I'm not sure crypto banks will have a futures in the crypto world. I do think we need more safe approaches so that bitcoin can be adopted and used worldwide. The news about scams, and thefts are to big. If we want adoption to occur, bitcoin can't be safe to use only by users who understand how to "use the internet properly". If these so called crypto banks will provide a safe option for some users, I'm ok with that, but I would still prefer that bitcoin would remain decentralized, since that is one of it's main purposes.

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January 31, 2018, 12:53:58 PM
 #19

If bitcoin or the altcoins will having a banks then this is good because our Bitcoin will be 100% safe, insured and will earned annual interest in which same benefits with our local money in the banks but i think this bitcoin bank did not exist because as what you have said this is not a news anymore but more on clipping especially that most of the banks are against Bitcoin today.

How can you earn interest in Bitcoins since there are only a limited number of them?
If all users will put their Bitcoins in a bank where is the interest going to come from?

And why do you think that your coins will be safe in a bank, when your fiat money is not ?
If you care that much about having a bank in control of your money then just use digital cash and a plastic card.

You know...news...means usually something recent.
That is from Feb 15, 2017.

And unfortunately, it's not a bank, it's just an exchange.
https://www.rt.com/business/376977-austria-first-bitcoin-bank/

Quote
It is designed to make buying and selling bitcoin easier and safer than other in-person options.
The ATM machines exchange bitcoin for euro, and vice versa. Customers can also get information about the virtual currency.

But anyhow, depositing your bitcoin in a bank...what's the point of doing that?
You already have the best bank at your disposal, your wallet, so why move your coins to a 3rd party that might just run with them?






recent doesn't always necessarily means up to date, yes it was dated feb 2017, the fact that it was the first and i dont know when if others followed, i cannot argue with terminologies anymore. sorry my bad.

it was owned by a blockchain but does not mean it is a blockchain, it was formed to be a bank to make easy and safe buying and selling of bitcoins. even wallets are back up by a bank, you need a 3rd party for bitcoin to create traffic and gain popularity and trust. no man is an island they say.


Seriously, do something about your English.
I can't understand more than 25% of what you wrote there.




For me, the good news for bitcoin is that it is currently stabilizing the market price value and it has not decline below 9K and with this, I believe this will spike back in the coming months. According to some experts based on an article I happen to read, bitcoin price value may surpass the last years highest increase at 19.8K in the last quarter of 2017 and predicted to rise up to 60k in 2018 as what was predicted by a crypto currency enterpreneur  Julian Hosp (president of TenX).So, let's wait and see for the potential rise and recovery of bitcoin this year.
Yeah Bitcoin bank would not be applicable since bitcoin circulation mainly for the investor who buy it .if you put it in the bank it means that there is a third party who hoared the BTC in the bank for all we know how banking works. So if these will happen who will control the bank? I think banking will contradict what really Bitcoin and blockchain technology all about.


wack slacker
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January 31, 2018, 01:04:33 PM
 #20

Bitcoin has been upgraded to lightning network and accepted by many business units. Bitcoin prices are plummeting because of the news that Bifinex has not proven ownership of Tether. I believe that bitcoin will soon return to its growth momentum.

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