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shield132 (OP)
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May 17, 2018, 06:25:12 PM |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I don't think so mate. Actually, based on what I read, recently, there are so many banks that are already accepting cryptocurrency transactions, if not, are already starting to venture in the market to test it out for future changes to be implemented geared to actually include cryptocurrency-based business in their current system. I say that because I know that banks are business entities, therefore, it would be more common for them to arrive at a point where they would embrace this market rather than closed their doors to it. The reason of why they offer bitcoin exchange and services is that on another way they'll loose their customers, especially loyal ones. Since it's new, modern and sounds futuristic, they have to follow it. But we all know how risky cryptocurrency is. Banks in economically strong countries usually offer 1-2% yearly of deposits. If banks even offer 0.1%, this can turn into a huge loss for them. Imagine they bought bitcoins and it started fall, they'll lose a lot of money or oppositely, they'll earn a lot of money. The thing that makes this game riskier than ever is it's decentralization. |
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budz0425
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May 17, 2018, 06:30:35 PM |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
For me, they will, but I qualify it by saying that it may take a long time. Banks are very cautious with the investments or business they invest in or follow through. Therefore, since this market is just too volatile and too unpredictable, I don't think banks would even consider it right now because the money that they actually use is not their own money, but the money of their investors and depositors. So, if thye would jeopardize the money of their customers, it would not help their business nor their image. You are right, it takes time, if a certain country allows or legalize bitcoin already then there is a big chance that bitcoin will accept in a bank and has a potential as well that they will offer bitcoin deposits. But so far now, we cannot clearly see it based on the status of bitcoin that it is still in the acceptance stage. |
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charlotte04
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May 17, 2018, 06:34:18 PM |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
If a banks offers me to store my Bitcoins in them then I would be glad to accept it because it will be more secure and I'll have someone to blame with if my Bitcoins will be lost. |
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Yarsk
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May 17, 2018, 06:36:09 PM |
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Banks are always afraid of bitcoin due to it high volatility and it ability not to be controlled by any third part in doing it transactions, bank can never allowed bitcoin transactions or deposits because they may stand to lose when price of bitcoin falls because bitcoin has no stable or fixed price.
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Addywealth
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Merit: 1
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May 17, 2018, 06:40:37 PM |
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It might not be so soon but with time banks will adopt bitcoin as means of deposit. Some are already coming upwith their own coin and with this you can buy airtime, subscribe TV channels and some other subscription.
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Finestream
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May 17, 2018, 06:47:30 PM |
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It might not be so soon but with time banks will adopt bitcoin as means of deposit. Some are already coming upwith their own coin and with this you can buy airtime, subscribe TV channels and some other subscription.
I agree.If the government has its own possibility to adopt bitcoin and legalize it in the near future,then i think central banks or even rural banks will soon to adopt it too.Through bitcoin deposits,even how volatile it is,banks will really make good money if they know how valuable bitcoin is. |
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crypto1010
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May 17, 2018, 06:59:25 PM |
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Without doubt yes the banks will offer bitcoin and other crypto deposits because this is the digital era and cryptos apparently are the drivers of this new virtual economy, We might have read some news in the past of banks closing some crypto bank accounts but this was only because they was no frame work for banks to work with and they were protecting themselves from being punished by their central banks but now that the green light is closer than ever in most countries...cryptos will be used on a daily basis without worrying of bank accounts been closed.
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Omega Weapon
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May 17, 2018, 07:39:59 PM |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I just have a question, why do you want banks to offer that service? Why are you unable to store your own coins? Such a business could without a doubt be very profitable for banks and if enough people did that they could do the same that they did to gold, they will begin to print imaginary bitcoin and create fractional reserve banking, so I really hope that never happens. |
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bolbau
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May 18, 2018, 03:46:00 AM |
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this is still possible, maybe after goverment make some good regulations on bitcoin or after the bitcoin price in the market not too votalite, i mean we should wait until bitcoin have a value not only a dump and pump assets. but i dont think this kind of deposits system will be the first way or thing that banks do to involve in bitcoin or crypto industry. just let see
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kucritt
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May 18, 2018, 03:50:25 AM |
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as long the bitcoin is not legalized in all country in the world i think bank never offer bitcoin despoit in their services, because if this happen i think bank is not obey the regulations if that country and i think. so we need to wait until the bitcoin is leaglized in all country before we saw the bank offer bitcoin deposit
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MUSFIKAR
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May 18, 2018, 04:29:39 AM |
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Yes you like to deposit your fiat to the bank and they make money with it but if its Bitcoin.You do not think I will take advantage of this service but it is possible that it will come and they will target the investors or Bitcoin holders who do not really understand what Bitcoin . Many companies are now adopting this kind of technology and making a profit from the beginning. Maybe someday the bank will realize the huge potential and benefits offered by Bitcoin and cryptocurrency, it's only a matter of time before the majority of them can join the trend, so let's hope so.
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gabbie2010
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May 18, 2018, 05:39:17 AM |
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If banks can work modalities to that effect then it will be a good development with a terms and conditions for their customers, depositing bitcoin in banks would be endeared by Cryptos hodlers however one of the major obstacle is how to address the issue of KYC which is a mandatory obligation in opening a bank account of which people preference for anonymous transactions.
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goymas
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May 18, 2018, 05:49:17 AM |
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Bitcoin deposits , that souds really profitable for the banks . but that would be risky too at the same situation , banks are already finding ways to get interacted with bitcoin . well , its a sure thing that this would happen in future .
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dongyi17
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FRX: Ferocious Alpha
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May 18, 2018, 05:55:18 AM |
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I don't think bank will accept bitcoin as deposit in a first place it' seems contradict and complicated to them, because they were using fiat money while bitcoin is virtual currency and they consider bitcoin as big threat to them..they were afraid to lose and make their job in total mess.
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bigblackdeck45
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May 18, 2018, 06:09:28 AM |
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As of now no bank ever promotes or accepts bitcoin. Bitcoin contradicts all the qualities and purpose of banks. But maybe sooner or later, banks will eventually have to adapt. Just like old technologies, something new will eventually take over and if banks want to stay relevant then they have no other choice but to accept and adapt changes.
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ozgun_a
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May 18, 2018, 06:14:12 AM |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
Then there will be loans based on bitcoin - charging interest rates to pay the fixed profit. Those loans will have derivate and OTC products. There will be even more trade desks to trade these derivate products and there will be a Bitcoin Wall Street. I thought we were in crypto because we are fed up with the current system. |
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kasemin
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May 18, 2018, 07:13:47 AM |
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Yes many companies are now adopting this kind of technology and generating profits from the beginning. Perhaps one day the bank will realize the huge potential and benefits offered by Bitcoin and cryptocurrency, it is only a matter of time before the majority of them, because they will get the end when they do that, cryptocurrency wants to end the banking system.
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Sexie
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May 18, 2018, 07:46:55 AM |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
Banks Will not offer Bitcoin deposits if ever because of being volatile. The fuctuation of the price Will cause big loss for the banks if ever and it contributes big benefits for the deposiitors. |
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jemerson1420
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May 18, 2018, 07:53:23 AM |
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yes bitcoin have a more tokens and need to deposit
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ogini
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May 18, 2018, 08:02:18 AM |
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It is always said that if you can't beat them you join them to fight,and I think the bank are already finding away to join the queue of bitcoin and it is a matter of time and patient,bitcoin will be accepted in in the banks.
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