Bitcoin Forum
April 30, 2024, 10:50:58 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 [76] 77 78 79 80 81 82 83 84 85 86 87 88 89 90 »
  Print  
Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
Lemlem Petros
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
August 08, 2018, 08:28:22 AM
 #1501

If I could do so, I believe the Bank would be very dangerous if the bitcoin price suddenly dropped. So this is unlikely
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714517458
Hero Member
*
Offline Offline

Posts: 1714517458

View Profile Personal Message (Offline)

Ignore
1714517458
Reply with quote  #2

1714517458
Report to moderator
Michael Herzog
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
August 08, 2018, 08:40:18 AM
 #1502

I do not think so. If the government manages and coordinates the bitcoin price, it can happen
Haryourmie
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
August 08, 2018, 08:42:41 AM
 #1503

That is certainly clear that it will soon be offer.
Charles Newsom
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
August 08, 2018, 10:13:04 AM
 #1504

My answer is that banks will not offer BTC deposits. The bank will be involved in electronic money but by creating another electronic currency of its own
Airbuxf
Member
**
Offline Offline

Activity: 257
Merit: 32


View Profile
August 08, 2018, 10:15:38 AM
 #1505

I guess after some time they will have to adapt to it. There is no way they can stop this dcentralised trend so we may see those btc deposits in the future. But why deposit a bitcoin in a bank when you can do it on your own?
axemelada
Jr. Member
*
Offline Offline

Activity: 86
Merit: 1


View Profile
August 08, 2018, 11:09:53 AM
 #1506

Now with a high degree of probability not. Banks will not risk their name. But after 10 years, the situation can change.

▰▰▰      ApolloX      ▰▰▰
 ▰ APOLLOX Protocol - Decentralized E-Commerce  ▰
http://www.apollox.network/
fireman2001
Newbie
*
Offline Offline

Activity: 214
Merit: 0


View Profile WWW
August 08, 2018, 11:28:53 AM
 #1507

Well, I think that it will be very risky if banks ever offer bitcoin deposits. We all know that the price of bitcoin (BTC) is not that stable and banks may not want to take that risk but over time, the situation can change for the better.
iram3130
Legendary
*
Offline Offline

Activity: 1512
Merit: 1010


ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀


View Profile
August 08, 2018, 11:32:19 AM
 #1508

I dont think they ever will. There is no need for them to change the systems as all of the banks of government supported and Governments are not crypto friendly right now.

             ▄▄██████▄
         ▄▄████████████
   ▄▄█████████▀▀   ▀████
 ▄███████████▄      ████
████▀   ▀▀██████▄▄▄████
████      ▄███████████▄
▀████▄▄▄████████▀▀▀████▄
 ▀███████████▀      ████
 ████▀▀▀██████▄▄   ▄███▀
████      ▀███████████▀
████▄   ▄▄█████████▀▀
 ████████████▀▀
  ▀██████▀▀
█████████████████

     ███

██████████

     ██████

███████████

     ███████████████

███████████████████
█████████████████

███   

██████████

██████   

███████████

███████████████   

███████████████████
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████▀███████▀   ▀▀▀▄█████
█████▌  ▀▀███▌       ▄█████

████▀               █████
█████▄              ███████
██████▄            ████████
███████▄▄        ▄█████████
█████▄▄       ▄████████████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████████████▀▀███████
█████████████▀▀▀    ███████

███████▀▀▀   ▄▀   ███████
█████▄     ▄█▀     ████████
████████▄ █▀      █████████
█████████▌▐       █████████
██████████ ▄██▄  ██████████
████████████████▄██████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████████████████████
███████▀           ▀███████
██████  ▄██▀▀▀▀▀█▀▄  ██████

█████  █▀  ▄▄▄  ▀█  █████
██████  █  █████  █  ██████
██████  █▄  ▀▀▀  ▄█  ██████
██████  ▀██▄▄▄▄▄██▀  ██████
███████▄           ▄███████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀  ▀     ▀  ▀███████

█████▌             ▐█████
██████    ██   ██    ██████
█████▌    ▀▀   ▀▀    ▐█████
██████▄  ▄▄▄   ▄▄▄  ▄██████
████████▄▄███████▄▄████████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
trantu8461520@gmail.com
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
August 08, 2018, 11:41:38 AM
 #1509

I am damm sure that in the future banks will surely offers the bitcoin deposits. In present time the government and banks are hesitating in involving into bitcoin because they do no find it trust worthy and believes that introducing bitcoin in nation can put national security in danger because of increasing illegal use of bitcoin but in the future when bitcoin will be centralised
rbindac
Member
**
Offline Offline

Activity: 120
Merit: 10


View Profile
August 08, 2018, 12:54:11 PM
 #1510

For now, Banks is not accepting bitcoin for deposits.. maybe in the future because out technology is improving. But the question of some people is if they can assure the safeness of bitcoin? Some people need an assurance to deposit of their assets.
Haliburton
Full Member
***
Offline Offline

Activity: 502
Merit: 118


Liberated Forever. Domesticated Never.


View Profile
August 08, 2018, 06:17:58 PM
 #1511

I am also pretty sure that in the future also banks will offer to accept Bitcoin deposits. It is only a matter of time before it will happen. But even if that's possible, I'd rather keep my Bitcoins in cold storage and not give any bank control over it. I would also advise all other people. Keep control of your coins and do not give them to any bank, if it is not necessary.  Wink

Even if banks were to offer Bitcoin deposits to its customers, I wouldn't trust them with my coins. I believe that I'm better off holding my Bitcoin in cold storage or a hardware wallet, since I'm in control of my private keys. The only good thing about a bank would be the security and management of your Bitcoin, in case you're not very knowledgeable on how to maintain your Bitcoin safe from hacks or theft.

But, trusting a bank with your coins expose a higher risk to you, since they're in control of your private keys, giving them the power to restrict you from accessing your funds at any point in time. Considering the risks involved in Bitcoin such as high volatility and uncertainty, the probability of a real bank offering Bitcoin deposits becomes lower each day. Therefore, it would be a miracle if a bank does such a thing for its customers. Smiley

bitsdubai
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
August 10, 2018, 11:14:02 PM
 #1512

Now probably not because the State still can not understand what to do with this currency, but in the future it is possible and will be if all agree on one opinion!
LOVEUMUM
Newbie
*
Offline Offline

Activity: 47
Merit: 0


View Profile
August 10, 2018, 11:22:38 PM
 #1513

I can clearly smell that with time, probably with the dynamic nature of our world system and demands it will never be surprise when banks turns to embrace this future currency to be deposited. Anything is possible in the space of time. Let us watch out.
shulio
Legendary
*
Offline Offline

Activity: 1540
Merit: 1016


View Profile
August 10, 2018, 11:27:24 PM
 #1514

Bitcoin is invented to oppose the current banking system. I will never ever deposit my bitcoins to any bank. I do not prefer them to involve in this environment.
mark 6
Newbie
*
Offline Offline

Activity: 50
Merit: 0


View Profile
August 11, 2018, 09:57:58 AM
 #1515

It is a dream of sky sky. If everyone is allowed to deposit the bank then everyone will be benefited. I believe this will be beneficial to the government and the bank. This will be easy for investors who work for them. Lips sealed Lips sealed
mifanmuzny
Member
**
Offline Offline

Activity: 294
Merit: 16


View Profile
August 11, 2018, 10:00:00 AM
 #1516

Many cryptocurrency enthusiasts are more than happy to escape the world of fiat, however, being able to successfully transition from using fiat currencies to dealing purely in cryptos will take time and an entirely new banking infrastructure.well it depends on the country but If you're based in a country that still treats cryptos with suspicion then there's the real possibility that your account may be closed as a result of purchasing your favorite coin thereafter.
ndcm
Member
**
Offline Offline

Activity: 120
Merit: 10


View Profile
August 11, 2018, 04:39:51 PM
 #1517

I don't think the bank will ever allow bitcoin transactions. Well, I'm sure the government is devising a cryptocurrency system as well since digital market is rising it's reached market.

snowyy
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
August 11, 2018, 05:05:57 PM
 #1518

No, banks will never ever allow bitcoin to do transactions under them because the two are different individuals and kind of opposite to each other. So it doesn't make sense to have digital currency under the paper money system.
Ausgewielt
Full Member
***
Offline Offline

Activity: 453
Merit: 104



View Profile
August 11, 2018, 05:11:30 PM
 #1519

Bitcoin is invented to oppose the current banking system. I will never ever deposit my bitcoins to any bank. I do not prefer them to involve in this environment.
And we fon't need them to involve in this environtment, we are fine without them now. Whats make us need to use their service? There is no good reason to deposits our bitcoin to them. And we should stop them use people money for their own business. Bank use their customers money to fund certain business.

colvis
Full Member
***
Offline Offline

Activity: 378
Merit: 101


View Profile
August 11, 2018, 05:32:11 PM
 #1520

Presently the banks are actually afraid of Bitcoin because they think that it's existence is affecting their business. In times coming when they will have no other option but to embrace it and make it there means of earning..
Pages: « 1 ... 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 [76] 77 78 79 80 81 82 83 84 85 86 87 88 89 90 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!