Bitcoin x banks

[lightcar]

I believe bankers and wall street are attempting to crash the prices of cryptocurrency so that people will become scared of using it because they will fear the loss of wealth.

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[Tigorss]

Well, I think investing in bitcoin is easier and simpler compare to bank, as we know we have to deal with many forms and procedures in banks, and that is the main poin that will make people leave them and stay with bitcoin.

[Yaminat]

Well, I think investing in bitcoin is easier and simpler compare to bank, as we know we have to deal with many forms and procedures in banks, and that is the main poin that will make people leave them and stay with bitcoin.

Even if the banks reduce their procedures to a minimum, they will not become more attractive to me! In my country, I tend to trust Bitcoin!

[Hannahanto]

Well, I think investing in bitcoin is easier and simpler compare to bank, as we know we have to deal with many forms and procedures in banks, and that is the main poin that will make people leave them and stay with bitcoin.

Crypto currency was innovated to eradicate banking system. Though banking system is so convenient for fiats, crypto founder felt the need for easy transaction without third party. Hence Peer to Peer transaction was introduced and everything was possible to do from where you are with high security. Blockchain technology supports crypto currencies for every move. Blockchain can not be hacked.

[policeoo]

Banks have a problem with Bitcoin and other crypto currencies. They feel threatened. They should be afraid. Because finally we have a tool that gives us the opportunity to don't use banks and their services. We don't need them anymore. They have manipulated our lives until now, and it was enough.

[Aikidoka]

It is a fact that Youtube bit off Television. But the later still exists and still have high rates of viewers. Youtube is based on "Broadcast yourself", then it evolved and even Television programs can be aired on Youtube and rely on it. Concerning bitcoin and banks. I do not think they have the same case as Television and Youtube. They might share the fact that they pose a threat to each other, but in some countries, bitcoin is illegal.

[Irvinn]

The best way is to invest in both of them, but so far now my priority is to have an investment in bitcoin, that is what I am focusing right now, as it is not profitable to invest in banks compare to bitcoin, since banks are just offering a limited interest rate for your investment.

While it is really profitable to earn in the crypto currency, however, it is absolutely necessary to keep a part of the profits in banks. The investment of its funds in the crypto currency has always been and will be quite risky. Therefore, a certain part of its funds should be kept in ordinary currency and use the services of banks in respect of depositary storage. So you can protect yourself from various unpleasant factors.

[Impulseboy]

I agree. More than bitcoin replacing fiat, I agree that there is a better chance for bitcoin and other altcoins to co-exist with fiat in the future. Besides, this will give people a choice as to what form of payment they would like to use, dont you think?

[South Park]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

We are very far away from that happening, I see your point but I do not think it is going to happen because of the nature of bitcoin and other cryptocurrencies, people are not very good at keeping themselves safe and this includes their money, can you imagine the amount of money that is going to be lost to hackers? Banks are going to offer their services of storing cryptocurrencies for you and many people are going to accept that not knowing any better.

[abduramann]

I don't think bitcoin totally replace banks. Banks borrow money from someone and lend to someone. Besides the main profit comes from this process, banks guarantee that borrowers always take money back. I think an entity providing "money safety" will always be required.

[feelivent]

It is a fact that Youtube bit off Television. But the later still exists and still have high rates of viewers. Youtube is based on "Broadcast yourself", then it evolved and even Television programs can be aired on Youtube and rely on it. Concerning bitcoin and banks. I do not think they have the same case as Television and Youtube. They might share the fact that they pose a threat to each other, but in some countries, bitcoin is illegal.

You are right but the problem is these that people want to earn money with their savings and banks will never give you money for your accounts. If they give you the ratio is too low which doesn’t meet your needs. Now people think that it is better to invest in bitcoin especially those people who do not have time for their own business. Banks will have to start trade in bitcoin for their survival otherwise it will be the end.

[Salala1]

I like to invest more into bitcoin than investing at banks. I got all my money missing at one bank and this has really scared me when it comes to investing with banks. So lucky the amount wasn't all that huge.

[yohananaomi]

Banks have a problem with Bitcoin and other crypto currencies. They feel threatened. They should be afraid. Because finally we have a tool that gives us the opportunity to don't use banks and their services. We don't need them anymore. They have manipulated our lives until now, and it was enough.

in fact there is a good idea that banks can work with crypto currencies, so there might be convenience that will be accepted, but why is it difficult, many problems are not easy to decide because there may be many state policies that do not yet legalize crypto. but even so crypto has gone well.

[South Park]

Banks have a problem with Bitcoin and other crypto currencies. They feel threatened. They should be afraid. Because finally we have a tool that gives us the opportunity to don't use banks and their services. We don't need them anymore. They have manipulated our lives until now, and it was enough.

in fact there is a good idea that banks can work with crypto currencies, so there might be convenience that will be accepted, but why is it difficult, many problems are not easy to decide because there may be many state policies that do not yet legalize crypto. but even so crypto has gone well.

It seems some people think that banks are never going to accept cryptocurrencies, but you must remember banks only care about one thing and that is making money and if cryptocurrencies become so popular that they see an opportunity to make a lot of money they're going to take it, they're going to do the same that they do with your money they're going to gamble with it in the markets and get huge profits while you get nothing.

[Jukoknos]

and to realize that effect requires a lot of time because banker bankers around the world will not remain silent when the land he owns is damaged by a new system called cryptocurrency

[squog]

We are still far from it but I think banks really know that crytpo currency is a threat. I mean once one of the crytpo currencies in the marker become stable enough to be adopted then it will be a huge game changer. Everyone will be pulling out their fiat and converting it to crypto currency. Give it a few more years and we will see it happen.

[Ranly123]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

A long time ago? In what era? That doesn't make sense. As for now, Bitcoin was already used globally as a means of payment to online transactions but I think it has never been in the same effect as banks.

[aoihs00]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

That would be very far from happening. Youtube and television is entirely different story than what we are seeing in todays world. They are entertain industry and has got no restriction whatsoever. When it comes to the banking sector then it is all about the financial services and stuff which should be taken very seriously by both the entities. Its all about the money sector and when it comes to the money then things can be very much tighten one. Bitcoin is still struggling in its development phase and I believe that it wont make any difference until it become fail safe!

[higgidave]

Banks have a problem with Bitcoin and other crypto currencies. They feel threatened. They should be afraid. Because finally we have a tool that gives us the opportunity to don't use banks and their services. We don't need them anymore. They have manipulated our lives until now, and it was enough.

Deposits in banks have reduced due to investment in cryptocurrency. People withdraw their money from bank accounts and put in bitcoin and of course it is a big problem for banks because people’s money is the only source of banks income. When there is no money in banks they will not be able to make money. They fully understand this thing.

[nur rochid]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

A long time ago? In what era? That doesn't make sense. As for now, Bitcoin was already used globally as a means of payment to online transactions but I think it has never been in the same effect as banks.

indeed BTC is a technological innovation in payment instruments. but on the other hand bank cannot be replaced, because under the supervision of government, of course government must look for answers to bitcoin policy later