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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
luigidosado
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July 29, 2018, 02:59:12 AM
 #1321

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.
Bitcoin accepting and offering bitcoin as a form of currency for deposits are possible. Although for now, it is not likely to happen yet. Instead of banks getting afraid of what bitcoin can do in terms of its unpredictable value. It is very hard for them to make profit in an object with no certain value at the same time an intangible one.The demand for bitcoin in the future will probably dictate whether banks will accept it as a form of payment. What's most likely to happen, I think, is that banks create their own crypto to offer it to their investors.

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BryanRoseWalker
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July 29, 2018, 03:16:04 AM
 #1322

banks continue to take on the role of third-party lanes, they are hampered by government regulatory systems and can not do much, banks only accommodate intercompany transactions that have been converted from various crypto market exchangers, and I think this is the best step for now, banks need not be too complicated to adopt bitcoin transactions, but they only need to accommodate the blockchain system only and ensure transparency between data that occurs.
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July 29, 2018, 08:03:50 AM
 #1323

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.

They dont accept bitcoin deposit for now because they are know that bitcoin value is very volatile in the market.
i think they dont want to take risk about it. So, for now they dont accept. But we dont know if the bitcoin volatility become less in the future.
Volatility itself is not a bad thing. Many peoples using volatility of cryptocurrency to gain profit.

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spadaccino
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July 29, 2018, 08:14:33 AM
 #1324

We're going in that way I think - they realised they cannot compete with BITcoin thing so they start to thinking how to regolate and even trading themselves on the market . SO the next step in inevitable that they offer deposit after SEC ( and this needs and will happen ) regulate and recognise the crypto world !

Be ready people ! We are getting closer
Opera1p
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July 29, 2018, 08:35:18 AM
 #1325

Bank can't offer bitcoin deposit... Because the know bitcoin is so fragile and can be drop so soon... So u think bank can't offer bitcoin a deposit
Rojer1928
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July 29, 2018, 08:57:04 AM
 #1326

I think if in thinking it will not happen because exclusively is up-to-date if it happens? it will be manipulated and clean to rule by using a financial institution. So its right to install the bag and wait until the cost will encourage and promote it with low cost. That's what I think. The most up-and-coming step of this generation is cryptocurrency and Bitcoin is king, certainly in the next few years, to stay relevant rather than start offering Bitcoin transactions that will include BTC deposits, savings, and lending platforms. yes it aja from me gan.
Tinker18
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July 29, 2018, 09:01:43 AM
 #1327

This may appear to be impossible now particularly that banks and bitcoins are both in an alternate and correct inverse frameworks. Notwithstanding, if bitcoin request keeps on expanding thus as the quantity of financial specialists and clients.
Vohoanghiep
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July 29, 2018, 09:11:24 AM
 #1328

I think Bitcoin and other Altcoin are quite volatile and unstable, so it is impossible to offer monthly interest rates. Instead, they will give their own pennies and make it grow. So they will not risk accepting customers to send other Altcoin
uyenkt
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July 29, 2018, 09:16:45 AM
 #1329

depending on whether the world is able to accept bitcoin or not, because until now there are still many countries that do not accept bitcoin because it does not have clear regulation then bitcoin is not accepted all over the world
rinkujaglan
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July 29, 2018, 09:32:56 AM
 #1330

Every business have change own stregtic and plan according to earn or proft, if bank gives offer it a good news in crypto world and a revolution in market. I want to say one thing bitcoin and altcoin have a uniqe., it have cover all over world market.
blockchain09
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July 29, 2018, 09:55:37 AM
 #1331

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 the bank agrees to deposit Bitcoin it is a great thing, as it makes it easier for investors to deposit and withdraw money if needed. And also it's a indirect recognition of the legality of Bitcoin as you can now trade in a new currency. Personally, I think this is a good thing for investors and customers to trade with Bitcoin.
Gdra467
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July 29, 2018, 10:00:42 AM
 #1332

Banks may want to offer bitcoin deposits but they may do so with a clause attached due to the volatile nature of cryptocurrencies. For example, if you deposit 2BTC there may be a clause preventing you to go beyond a certain interest.
kaizerblitz
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July 29, 2018, 10:08:58 AM
 #1333

I think it will not happen because bitcoin is the number one enemy of bitcoin mostly banks are allowed deposit fiat currency and they think bitcoin is the treat that could be dominate them in the future.
Syakir1989
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July 29, 2018, 10:17:22 AM
 #1334

maybe in the next few years the bank will offer bitcoin deposit, for now all the banks are still thinking first before offering bitcoin deposit, because now not everyone knows bitcoin.
kapalmabur
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July 29, 2018, 10:19:57 AM
 #1335

Although banks desperately want it, they also have to comply with strictly prohibited government regulations, countries like Japan are still strictly enforced even though bitcoin has been established as a legitimate means of payment, there needs to be agreement between governments in this regard, I see many benefits if the system this applies positively, but the uncontrolled fluctuation factor in bitcoin makes this impossible.
maminelly
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July 29, 2018, 10:25:08 AM
 #1336

let's imagine the most riskiest money deposit situation will this moment ever come and banks decide to offer us bitcoin deposits..this can be very, very profitable for banks if they make correct decisions offer of holds on their wallet.if official banks ever offer us this service..bitcoin is volatile in nature, hope you will know that and then banks always expect the stable money to deposit them only they allow bitcoin as a payment and then BTC price drops and bump there will be big problem for the banking side.they may have bitcoin payment as option like alternative option like how we have savings,current banks may in some years they will be accepting the bitcoin and alts as a payment option...
ivanjosh
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July 29, 2018, 10:52:13 AM
 #1337

Every country have their different policy against bitcoin but one thing for sure that my government are against with my bitcoin so it won't happen.
For me, when bank accept bitcoin it means that bitcoin consider as a fiat although bitcoin is an asset not fiat !

Bitcoin is most popular in nature , i know you will know, if they allow the bitcoin as a payment and bitcoin price drops there are will be problem for the bank iknow in the few years to come, banks will have to choice to start offering bitcoin transactions included the savings.
codered000
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July 29, 2018, 12:28:27 PM
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 #1338

If that happens then bitcoin will no longer be a decentralized cryptocurrency and they will be able to control its price and the volume of the bitcoin in the market will also be regulated. But due to bitcoin's volatility it won't happen in the near future unless its price became stable just like fiat money but it won't happen too because its price depends on the volume regulating in the market. Unless all the bitcoin has been mined, its price will remain volatile because the supply keeps on rising as well as the number of holders.
aysg76
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July 29, 2018, 01:01:36 PM
 #1339

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.
It may happen in future as bitcoin and the crypto market is getting more influential day by day and maybe one day banks will adopt bitcoin. However in the current scenario many of the government considers crypto to be a threat to them, so I don't think that will soon be going to happen...

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mak2017
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July 29, 2018, 01:40:56 PM
 #1340

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.

Most likely yes, eventually banks will have to offer such deposits in bitcoin to keep their clients and attract new ones.
Currently it might look like an utopia, but i'am pretty confident that some banks already seeking possibilities to offer such deposits.
If we see any ETF on bitcoin approved this year, this will just push banks even more closely to this question, as progress can't be ignored.
Even if banks say currently that they are not ready to offer such deposits, it doesn't mean that their opinion wouldn't change.
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