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Author Topic: Feeling bitter in banks?  (Read 1036 times)
Wilsonong222 (OP)
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May 07, 2018, 02:45:22 AM
 #1

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

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May 07, 2018, 02:58:37 AM
 #2

when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.

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May 07, 2018, 03:29:20 AM
 #3

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yeah! You're right. Why there are so many people who compared banks and crytptocurrency. Banks will always remain for a long time and so as cryptocurrency. So we with them as part of our life.

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May 07, 2018, 03:42:03 AM
 #4

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I read that banks are paying 1.3% interest p.a for savings account ??
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May 07, 2018, 04:31:27 AM
 #5

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
You feel this way because you have spent too much time thinking about altcoins or tripling your money by trading. If you tried to go to the roots of why people need bitcoin then you would understand that the purpose is much more than making easy gains available to early adopters and scammers.

The basic purpose behind bitcoin is to provide humanity a way to shrug the control that financial institutions have over the working class. There is close relation between the central bankers ability to fund governments with debt and increased burden of inflation, taxation and public spending cuts resulting from economic crises. Bitcoin provides a solution by removing all of those third party intermediaries that tell you how much value your money/ property has.
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May 07, 2018, 04:36:06 AM
 #6

Banks will need to make significant changes in the next ten years. I think they have already felt the pressure, which is encrypted to them. I think banks should be a service industry in the future, and reduce the financial attributes of banks.

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May 07, 2018, 04:46:16 AM
 #7

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Even this thread reminds me of the hatred bitcoin lovers have about the banking sector. It isn't any different and I feel that bitter taste in my mouth right now. But the truth is that no matter what the hatred is towards the banks, the banks can't be totally eradicated. Banks will be there to ease bitcoin or crypto transactions.
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May 07, 2018, 05:03:47 AM
 #8

Quote
Chancellor on brink of second bailout for banks

Bitcoin intents to give you the liberty to not need a bank account. If you do not think we will eventually eradicate banks as they work right now, I do not think you should spend time with Bitcoin. It is not against capitalism or against the money. It was specially designed to change what we understand as a pillar of our economy but the truth is that we do not need banks. If we do not need to trust someone else the safest of our money.
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May 07, 2018, 05:09:41 AM
 #9

Yes, there are so many  that compare the banks with cryptocurrency in this forum, because saving money in the bank, our money will decrease to pay administrative costs. Then we can't control our money. When the bank bangkrupt the, we can't take our money completely as happened in Yunani.
Sometimes, we listen the motto of bitcoin is : be your own bank.

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May 07, 2018, 05:57:06 AM
 #10

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
There are really a lot of discussions about banks in this forum. This is quite logical, since banks and crypto-currencies are competitors among themselves. In addition, banks often try to prevent the introduction of crypto currency into our lives and this is also the subject of discussion in this forum. When the crypto currency is legalized by the state, the banks will cease their subversive activities against the crypto currency and will adjust to the existing circumstances, rendering also their services in the crypto currency.

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May 07, 2018, 06:39:43 AM
 #11

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

i dont feel so bitter in banks cause just for me banks are  storage of my money. so i go to bank when i will deposit money. im pretty sure that i am not the one who do that. that is only financial deposit so if you had a  lot of money instead of deposit it in on bank why dont you try to invest in cryptocurrencies right. that is the best way to earn money
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May 07, 2018, 06:47:37 AM
 #12

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
We can understand them because they maybe have been in bad experiences from the Banks that is why there were/are thread existing in here. Also crypto currency has great potentials,fast transaction and no need to fall in line, by using internet and computer or cellphone you can make a simple transaction and that's it, unlike the bank.
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May 07, 2018, 06:49:45 AM
 #13

Everywhere banks were making their customers suffer a lot. Recently met with an issue from the bank, where an user made an wrong transfer to my account. Further the user requested for an reversal of amount. For this the documentation that I met was big and such incidents were common making banking full of bitter.
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May 07, 2018, 06:55:50 AM
 #14

Banks only help me in buying and selling transactions, I will never want to save my money in large quantities, I also will not want to borrow money in the bank, better my money is reduced because I invested in the currency crypto.
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May 07, 2018, 07:03:56 AM
 #15

indeed I also have read several times about posting like this. they always compare between banks with cryptocurrency. I myself, feel I will invest some money in cryptocurrency than in the bank. because dibank, we just save it without being able to have a profit, and usually the money is often taken for interest. different if we invest in cryptocurrency, besides can be saved, in cryptocurrency always get profit, if price of cryptocurrency have gone up from initial price invested.
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May 07, 2018, 07:15:47 AM
 #16

bitcoin has given us freedom over our own assets unlike banks, banks limit us on secrecy and laws and tax and hidden charges, in bitcoin, it is the opposite, we are enjoying anonymity and tax free transactions, and we can see on real time each transactions and no international fee barriers. here's the thing, we want freedom but im not saying we refrain from using banks, we need them too but for other purposes only, let us not discuss more on the opposing sides, banks and crypto are co-existing today which i think in good harmony, let us stay that way.

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May 07, 2018, 07:46:58 AM
 #17

indeed I also have read several times about posting like this. they always compare between banks with cryptocurrency. I myself, feel I will invest some money in cryptocurrency than in the bank. because dibank, we just save it without being able to have a profit, and usually the money is often taken for interest. different if we invest in cryptocurrency, besides can be saved, in cryptocurrency always get profit, if price of cryptocurrency have gone up from initial price invested.
no matter how we compare them, things will never change that there are sectors and group of people who will just believe in banks, and those who proven how helpful BTC will always fight for BTC, we just stand on what we know at all.

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Wilsonong222 (OP)
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May 07, 2018, 08:26:41 AM
 #18

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
You feel this way because you have spent too much time thinking about altcoins or tripling your money by trading. If you tried to go to the roots of why people need bitcoin then you would understand that the purpose is much more than making easy gains available to early adopters and scammers.

The basic purpose behind bitcoin is to provide humanity a way to shrug the control that financial institutions have over the working class. There is close relation between the central bankers ability to fund governments with debt and increased burden of inflation, taxation and public spending cuts resulting from economic crises. Bitcoin provides a solution by removing all of those third party intermediaries that tell you how much value your money/ property has.

Sorry my friend you might misunderstand the title of my post. Every BTC fan knows the very basic use of bitcoin. You are correct that BTC provides solution on third party intermediaries.

What I really want to happen is to people should understand that banks are business. It is one of the oldest forms of industry created way back to the old time. Let’s us focus on cryptocurrency development and leave the difference on perception on banks. These two entity are possible co-exist and I think that will be more beneficial to all of us. Stop whining that banks have bad practices you option not to use it.

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May 07, 2018, 09:07:11 AM
 #19

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Actually that is the main reason for the invention of crypto currencies which is an decentralized technology that serves us to hold our money on our own and send money to any part of the world without any third part which is called banks,but banks have still upper hand and they are trying to crush the crypto currencies in all the ways they can by doing lot of things that is why we can see lot of posts related to banks.
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May 07, 2018, 09:08:10 AM
 #20

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
You feel this way because you have spent too much time thinking about altcoins or tripling your money by trading. If you tried to go to the roots of why people need bitcoin then you would understand that the purpose is much more than making easy gains available to early adopters and scammers.

The basic purpose behind bitcoin is to provide humanity a way to shrug the control that financial institutions have over the working class. There is close relation between the central bankers ability to fund governments with debt and increased burden of inflation, taxation and public spending cuts resulting from economic crises. Bitcoin provides a solution by removing all of those third party intermediaries that tell you how much value your money/ property has.

Sorry my friend you might misunderstand the title of my post. Every BTC fan knows the very basic use of bitcoin. You are correct that BTC provides solution on third party intermediaries.

What I really want to happen is to people should understand that banks are business. It is one of the oldest forms of industry created way back to the old time. Let’s us focus on cryptocurrency development and leave the difference on perception on banks. These two entity are possible co-exist and I think that will be more beneficial to all of us. Stop whining that banks have bad practices you option not to use it.

For your question, yes i am getting tired of seeing post about banks being the devil.

I also agree with you that bank and crypto can coexist. People who are behind banks are smart people and they know that Bitcoin or altcoins can be bad for thei business but again as we see now some banks are not actually waging war against crypto insted they are adapting it. Recently singapore is releasing bitcoin bank notes. I will not be surprised one day that banks will release their own coins and probably accepts our digital assets.

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May 07, 2018, 10:36:47 AM
 #21

The difference is just in decentralization and centralization. Those who are already comfortable with the decentralized system will try to desire cryptocurrency can able to replace traditional banks because with cryptocurrency on the grounds and the have the reason ryptocurrency is easier to use rather than bank. But until now I want cryptocurrency and banks can co-exist because banks and cryptocurrency are very useful for me. I cannot feel what I've got in cryptocurrency if there's no bank, I need the bank as a medium to bring my income. I guess those who want cryptocurrency to replace banks are those living in countries that accept bitcoins so they can easily take money from bitcoin like in bitcoin ATM or the other media that support cryptocurrency.
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May 07, 2018, 10:56:32 AM
 #22

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I don't hate banks because for me banks is the safest establishment that will take care of our money especially if we convert huge amount of Bitcoin to fiat. I don't care about the small monthly interest that they are saying but as long as my money is safe and insured then nothing to get angry with banks. Now in talking of Banks are threaten by the Bitcoin existence, I say not all banks are against Bitcoin existence like here in our country because our Central Bank is fully supported the Bitcoin existence so that is why i sick and really tired of this kind of post too.
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May 07, 2018, 11:30:22 AM
 #23

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Its is because we have bad experience with banks. Just like me, I can't open a local bank account because I don't have a job currently so I don't have the necessary documents. However, I have money to begin with, why are they not allowing me to open a bank account? I have other source of income because I have a business but its not enough for them. However, I don't think that crypto will eradicate banks per se, they are already a established institution and there's no doubt that they will not became obsolete just because of crypto.

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May 07, 2018, 12:47:33 PM
 #24

I don't care who and how many writes! If you don't like something, don't read it, pass by... But I for maximally rapid cryptography around the world! Cryptocurrency can change our lives in a positive way! I have the right change  Cheesy
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May 07, 2018, 12:56:57 PM
 #25

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yeah! You're right. Why there are so many people who compared banks and crytptocurrency. Banks will always remain for a long time and so as cryptocurrency. So we with them as part of our life.
Obviously, as much as we show some pretty much level of hatred for the banking sector, they will still remain operational. The good thing however, is that, cryptocurrency has really come to save the day for a lot of us and that would instigate some form of competitive factor which would make the banks to really sit up tight as against all their bullshit policies over the years which made things so hard. That competition is one thing that I am so happy about and looking forward to the post effect on how banking sector will want to remain functional in the long run.
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May 07, 2018, 01:19:14 PM
 #26

Banks and crypto currency are compared because many people before crypto currency did not know what investments, stocks, bonds and so on. Ie most people do not financially finance the grammots here and compare them.

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May 07, 2018, 02:08:46 PM
 #27

There is no direct rivalry between banks and bitcoin. But as we all know the reason why satoshi nakamoto programmed the blockchain technology or bitcoin because he is tired of the huge fees banks charge for money transfer. Banks see crypto as a rival. But crypto sees itself as a way to eliminate huge fees charged by banks. Crypto wasnt created to kill banks but to save for unnecessary huge fees when sending money oversease.

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May 07, 2018, 02:24:12 PM
 #28

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Im sick and tired of reading this kind of post,that has just using some issue for them to hage something to post,but the reality it seems like a generic posting is happening..this post may used for farming as this states nothing important to forum,but only for himself.

What if were tired of that issue,is this post can help others to solve the problem?😂😂😂
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May 07, 2018, 03:03:15 PM
 #29

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yes a little bit, we all know banks and cryptos have different and same features so why bother comparing them. They both have uses in our lives, so let's just focus to important matters and let it be on what really happens in the future. Who knows maybe in the future banks and cryptos will be good friends.
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May 07, 2018, 03:29:07 PM
 #30

If banks had a comparison with cryptocurrencies,  banks are worthless.  (Well if you look at it in this point)  Banks interest per month is constant,  percentage doesn't rise or fall. It is a very boring,  low-achieving process. Cryptocurrencies (Bitcoins for example)  needs intelligence,  patience and your guts' intuition and it will produce a fruitful achievement.  So why go with banks.  With a little effort,   cryptocurrency will do more for you.
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May 07, 2018, 03:55:54 PM
 #31

when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.
Asides that, people are basically tired of the messed up fiat system as there is really nothing to show for it except for a manipulated system of governance and banking sector with all forms of monopoly. However, this is not something that is new as people only did not have a choice for years most especially when it comes to making international transactions and all the limits placed by the banks making business difficult for the common man. This has changed with bitcoin and I really do not know who would not prefer something better over the other that sucks.
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May 07, 2018, 06:03:08 PM
 #32

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I read that banks are paying 1.3% interest p.a for savings account ??
You would be lucky if they are paying that. Banks in my country only know how to deduct certain unnecessary fees even after all they make from your savings. It has become so appalling and it is a good thing that I believe cryptocurrency would create some form of stiff competition for the banks in the long run.

The only thing with cryptocurrency right now is just the high level of volatility which can make it tend to the downside pretty quickly but over time, when things have gotten huge, even banks will feel the impact that they would be begging for savings.
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May 07, 2018, 11:57:59 PM
 #33

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
The main idea behind bitcoin is to have a trust system without the help of a third party trust system (banks) and everyone knows how corrupt and impartial they can be, we have seen that many times in the past and it will happen in the past and so is the only reason majority are trying and being vocal about banks, i do not think eradicating banks will be a long term solution, but everything will co exist in the future.
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May 08, 2018, 12:20:14 AM
 #34

Yeah, it is getting a bit old. As is always the case, its almost always more worth your while to spend your energy on innovation rather than dissing the competition.
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May 08, 2018, 12:21:50 AM
 #35

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I bet you will be doing the same if you have event been the victim of the greed of some of these banks who just use the money of people for their own profits and then later come with stories of how they have lost all the money and they don’t pay repercussions for anything that they do.
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May 08, 2018, 02:04:49 AM
 #36

Well, banks exist as storage of money and for them to lend it to other people who need money. They are just basically agents or middle man. If we can store our money safely and could use it anyware then it will be better. But since banks is the only one facilitating it for the longest time now then we are tied to it. But now we have options. We can actually use many platform now without banks for our daily requirement that serves like a bank. Bank is becoming less important with regards to small daily transaction but it still hold the big tickets. Like, big loan.

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May 08, 2018, 02:33:49 AM
 #37

Sorry my friend you might misunderstand the title of my post. Every BTC fan knows the very basic use of bitcoin. You are correct that BTC provides solution on third party intermediaries.

What I really want to happen is to people should understand that banks are business. It is one of the oldest forms of industry created way back to the old time. Let’s us focus on cryptocurrency development and leave the difference on perception on banks. These two entity are possible co-exist and I think that will be more beneficial to all of us. Stop whining that banks have bad practices you option not to use it.
People who give a criticize banks here without using the topic as a filler are actually concerned about the financial system we are living in. That is where the "Central banks" come in. You need to make a difference between big investment banks, central banks and your usual street-side variety of bank branch that keeps your deposits.

Everyone understands that some form of credit lending and deposit holding is needed. It is when banks become too big to fail and the topmost banks collude with businesses and politicians to ensure that they never have to be accountable for the taxpayers' money, that is where the problems come in. That is why people oppose them.

You may have seen too many posts that say "Banks are bad" without going into the gist of the argument which makes you sick and tired. Go into the real argument and identify the real problem. You may not feel the same then. It is easy to say that they can co-exist but you forget that bitcoin takes away a lot of their power. If you think they are just going to accept this power sharing and not try to subvert bitcoin, then you are simply fooling yourself and getting co-opted.
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May 08, 2018, 02:37:21 AM
 #38

if you don't do you like the cash of your amount to send the good budget amount and must be multiple complex, you should enter the bitcoin where you can be many interest by the ico
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May 08, 2018, 03:30:34 AM
 #39

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Bank is good for the safety of our money and also it earns interest but only a minimum.Bitcoin and Banks are incomparable that they both have unique benefits that all of us can get from.
For me, Bitcoin is the best way to earn from trading digital currency and I am still hoping that price will rise up too soon.
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May 08, 2018, 03:53:38 AM
 #40

It is because how it works, to compete and do a great products by achieving the satisfaction of customers. The competition gives a good result so the bitterness in something will never end.

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May 08, 2018, 03:56:53 AM
 #41

Well, i am not feel sick and tired reading this kind of article because the truth will prevailed. It happen soon once the development of crypto currency will organized making the banking system will disappear, taking over many people will get rich into this kind of system soon.
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May 08, 2018, 04:49:24 AM
 #42

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I am sick and tired or reading reiterated posts and not just those that have to do with only banks lol. However, this has been a very hot topic for a while now as so many people have shown some high level of disgust for the banking sector which I do not blame anyone as I have that huge one for them too considering how they with the government has just decided to make life difficult when it comes to making transaction over the years and how the banking sector has been used a tool for monopoly.
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May 08, 2018, 05:16:37 AM
 #43

Actually IMO saving our money on banks is better than saving it in different kind of online wallets,  but when it comes to obtaining profits i think the good idea is to make some investment through crypto currency but not the entire balance which is much better to pick an amount for investing and the rest is on bank to make sure it's safe.
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May 08, 2018, 05:55:30 AM
 #44

I Won't say that I am sick of reading those kind of posts, but I can only  that their thought and desires of scrambling the banking sector away in the world or in a country is not possible, and basically not sensible. I for once don't like the way most banks run their banks and treat their customers, but a country needs banks to survive cause, inasmuch as a country have their own currency,  the bank will always be there.
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May 08, 2018, 07:13:01 AM
 #45

Both banks and using crypto exchanges have advantages and disadvantages. If a person is not comfortable doing one and vice versa, then stick on their own view.

Majority who doesn't know what is the advantages of using banks are those who talks a lot negatively about them. Their mind is focus about the difference if they will hold crypto on their own or save money on banks. Doesn't really making sense and just a waste of time if the debate will just focus on that because in the first place, getting profits is not the questioned here.

I myself are having a good experience with banks and cryptos so no way I will trashed one of them. It's not all about getting profits but the service we really need in everyday life.

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May 08, 2018, 07:56:55 AM
 #46

I Won't say that I am sick of reading those kind of posts, but I can only  that their thought and desires of scrambling the banking sector away in the world or in a country is not possible, and basically not sensible. I for once don't like the way most banks run their banks and treat their customers, but a country needs banks to survive cause, inasmuch as a country have their own currency,  the bank will always be there.
right. i think it will be difficult to get rid of bank from this life. besides each country has its own currency, i think cryptocurrency users are also still a bit, this is makes it difficult for now. and cryptocurrency requires the government to legalize it in order to grow rapidly

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May 08, 2018, 08:16:58 AM
 #47

Кoнeчнo, для бaнкoв пepexoд нaceлeния нa элeктpoнныe кoшeльки, pacчeт кpиптoвaлютoй, этo бoльшoй yпaдoк  иx дoxoднocти. Ho, вoзьмитe Poccию. Пpи чиcлeннocти cтpaны 150 млн чeлoвeк, пeнcиoнepoв 40млн, тpyдocпocoбнoe нaceлeниe: 40 млн бюджeтники, 40 млн( из ниx 20 млн paбoтaют в тeнeвoй экoнoмикe), тaк вoт из 120 млн чeл тoлькo пoлoвинa, в лyчшeм cлyчae, бyдeт дeлaть pacчeты кpиптoвaлютoй. Пoчeмy? Пoлитикa cтpaны. Пoэтoмy, в нaшeй cтpaнe, дa, в кopпopaтивнoм ceктope пo тpaнзaкциям мoжeт быть пpoceдaниe, a oбcлyживaниe нaceлeния, вклaды были ecть и бyдyт.
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May 08, 2018, 09:04:15 AM
 #48

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post

There's a distinction between central banks and commercial banks, the latter of which is the services that you use on a daily basis, and I'm pretty sure that you're talking about the second one here.

I don't think that banks would ever be "eradicated" or even be replaced by crypto. The two is completely compatible. If you choose to store fiat in the bank, so be it. That's your choice, even though it's probably not so good of a choice over the long run.

There are even bitcoin banks popping up, which in my opinion is completely redundant considering the fact that BTC doesn't need third parties. Bitcoin simply offers an alternative to that. It has no intermediaries or central entity, which some people would definitely prefer over the fiat banking system.
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May 08, 2018, 11:08:33 AM
 #49

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

It is not really about being embittered with the banks alone but government policies too. A lot of opportunities are meant to be made available by the banks but because of the government backings, they are only exploiting their Customers and not really creating the enabling environment of helping to create wealth; but they do this well for themselves.
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May 08, 2018, 12:14:48 PM
 #50

The difference is just in decentralization and centralization. Those who are already comfortable with the decentralized system will try to desire cryptocurrency can able to replace traditional banks because with cryptocurrency on the grounds and the have the reason ryptocurrency is easier to use rather than bank. But until now I want cryptocurrency and banks can co-exist because banks and cryptocurrency are very useful for me. I cannot feel what I've got in cryptocurrency if there's no bank, I need the bank as a medium to bring my income. I guess those who want cryptocurrency to replace banks are those living in countries that accept bitcoins so they can easily take money from bitcoin like in bitcoin ATM or the other media that support cryptocurrency.

I agree with you my friend; actually both can co-exist to bring more prosperity to the people. I’m not economic expert but in my opinion these two entities has great potential if they team up. There’s no reason to argue who’s the best for the people.

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May 08, 2018, 12:48:59 PM
 #51

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Just because they want to compare what is the best  that give more profit in the future.this argue bank in crypto is I can say that its better to put some profit in bank for safe in then other is invest,but a little bit capital only.then if you gain another profit in you're investment save again you're new profits in the bank.bank is no risk when you put all you're saving than to invest  that have a big risk.
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May 08, 2018, 01:07:35 PM
 #52

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I am not against in banks. Banks are good venue for a secured safe keeping of our money. We can also invest in banks, only that it has a low rate of return. Unlike investment in crypto which has a big rate of return yet, very risky,
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May 08, 2018, 01:10:51 PM
 #53

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Your post is not much better, "to that extent". Anyway, there's no accounting for tastes, though the truth is there's a lot of reason behind all the grumbling and complaining about banks. Simply put, your money in a bank is not your money anymore. They can block your account under some ill-cooked excuse or the other, which to you would mean stealing your money from you, plain and simple. When you have crypto in your desktop or paper wallet, your coins belong to you only. No one can take them from you, either by mistake or intentionally.

Many people kind of know that but they start to really understand this thing only when their own skin is in the game. When your or your friends' money has been blocked or arrested, or even confiscated for whatever reason, you quickly start to love crypto and the advantages it offers over the state money.
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May 08, 2018, 01:18:10 PM
 #54

the discussion about banking is one of my favourite topics in this forum. Well, talking about the comparison between banks and cryptocurrency is certainly very different. Banks are governed by governments in a country, they have all the permissions to perform the functions and spread the facilities they offer. While cryptocurrency, not fully supported by the entire world government because there are also countries that oppose this technology. Surely at this time, banks are still above the wind because they are held by the government while cryptocurrency is still in the development stage.
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May 08, 2018, 01:48:02 PM
 #55

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Yes, very. In our time we still need our banks to do something for us. Like if we buy a mortgage for our homes. Can you buy a house in cash? No? Then shut up.
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May 08, 2018, 01:53:26 PM
 #56

This is not fully right, becouse banks are just making their money, just same as we are making our here. But they will learn how to stand even in crypto economy =)

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May 08, 2018, 01:59:48 PM
 #57

Everyone know if you want a safe money you will put in a bank acount. For me I think that is one of the best decisions ever. Because if your money is in your hand. You can lose your money easily.  but when it comes to obtaining a good profit.  Just put your money in investment
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May 08, 2018, 02:14:09 PM
 #58

Well you know there is nothing wrong with banks or cryptocurrencies and all the people who support them but the thing is the bank and the government sector are opposing the cryptocurrency in a manner that is not fit they are doing that using all their power and eradicating the cryptocurrency this is what is driving the people insane.
Without any fair warning the cryptocurrencies are getting banned and also the usage is getting Limited and that's all because of banks and the big personalities which is causing the price of cryptocurrencies to decline in many countries and all the investors can't do anything instead of being bitter about them.

Banks are important no doubt so are the cryptocurrencies but its not being treated equally and fairly around the world since most of the world is dominated by banks there is no fault of people they are just simple investors.

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May 08, 2018, 02:26:53 PM
 #59

As long as the bank has not been replaced by crypto and its technology then I would not feel tired to continue to compare banks and crypto so that more people realize after reading this post that crypto is present to spray the banking system that has been detrimental to many people.
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May 08, 2018, 02:35:18 PM
 #60

Not realy feeling bitter but already realized that your investment in the bank is just a keepsafe but not growing, in other word you just keep it for security, but the banks benefited more from your money. Therefore if you want to see real profits, this time crypto world has a lot to offer
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May 08, 2018, 02:41:32 PM
 #61

Just analyzed where you can feel safe in banks or in crypto. Both has a risks in banks it is supported by the government although the return of profit is small but you can less risks. While in crypto their is a huge risks also but can gives us a good profit than banks. If doubt, search what is better.
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May 08, 2018, 02:45:00 PM
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It is not because of bitterness but it is just about comparing new things with the present system to see the advantages and disadvantages of both sides.
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May 08, 2018, 02:46:50 PM
 #63

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I'm not sick and tired of that actually, banks have screwed up, fiat has screwed up, there is some truth in what they say.
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May 08, 2018, 04:46:29 PM
 #64

Kind of and it isn't because I don't think banks haven't screwed us over. It is because this kind of future doesn't seem pragmatic and well grounded in logic. It seems like it is routed in anger and when you do things out of anger rather than passion or reasoning, you are asking for trouble.

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May 08, 2018, 04:56:55 PM
 #65

Do not compare them. To each his own. Someone likes to store money in banks. Someone likes to keep money in the cryptocurrency. Everyone plays by their strategies. Think with your head.

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May 08, 2018, 04:59:32 PM
 #66

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I'm not sick and tired of that actually, banks have screwed up, fiat has screwed up, there is some truth in what they say.
Yes, actually having fiat in banks or in our hand is losing our money because on inflation our money will lose its value day by slday that is why we need to invest on it something which is decentralized and crypto currencies are the best to make investment because it is giving huge amount of returns in very short term so I am never tired of it.
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May 08, 2018, 05:36:21 PM
 #67

it depend on your ability to bear risk , crypto gave you more profit and the risk is very high, the profit you get in bank is little and the risk is very low
that why i said it depend on your ability to bear the risk

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May 08, 2018, 05:41:12 PM
 #68

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Yes it's good one.Many people in this forum are waiting for the bitcoin replace the paper currency and bank.Now are days,bank sector charging for many things.They are charging money to withdraw our own money.If the transaction in terms of bitcoin,we no need to pay anything to bank.
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May 08, 2018, 09:02:08 PM
 #69

Do not compare them. To each his own. Someone likes to store money in banks. Someone likes to keep money in the cryptocurrency. Everyone plays by their strategies. Think with your head.

Keeping money in your bank account is something even the traditional kingpin investors find a horrible choice, especially so with how interest rates on savings are lower than ever before. Some banks have even introduced negative interest rates, which is something that people find hard to swallow, but it's the reality. In other words, owning money costs money, can you believe that? As if that wasn't enough, your savings also lose between 1-2% value every year. It's basically capital destruction without doing anything, and that's the worst part -- this system is made to make you lose, that's obvious now. Currently the highest interest rate the bank can offer me is just under 1.2% annually, but that means I won't be able to touch my deposit for 5 years. Even in that case I will still be losing due to the value loss of my deposit....
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May 08, 2018, 09:54:19 PM
 #70

Do not compare them. To each his own. Someone likes to store money in banks. Someone likes to keep money in the cryptocurrency. Everyone plays by their strategies. Think with your head.

Keeping money in your bank account is something even the traditional kingpin investors find a horrible choice, especially so with how interest rates on savings are lower than ever before. Some banks have even introduced negative interest rates, which is something that people find hard to swallow, but it's the reality. In other words, owning money costs money, can you believe that? As if that wasn't enough, your savings also lose between 1-2% value every year. It's basically capital destruction without doing anything, and that's the worst part -- this system is made to make you lose, that's obvious now. Currently the highest interest rate the bank can offer me is just under 1.2% annually, but that means I won't be able to touch my deposit for 5 years. Even in that case I will still be losing due to the value loss of my deposit....
You are absolutely right, investing in the crypto money is the best method of earning right now. Interest rates are very low and even some countries have negative interest rates. In fact, negative interest is positive because the government does not want its citizens to invest their money in the bank. In developed countries, basic logic is a continuous and fluid economy. For this reason, I support the negative interest application of an country. It is easy for the banks to find cash, interest is not necessary.

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May 08, 2018, 10:09:57 PM
 #71

In saving money to bank, you just gain 1 or 2% annual interest. In cryptos, if you are really watching the price, you can gain more at the right time when the coins are of high price. Still I am not bitter, I still find the banks safe. The only thing is that you just save but you do not gain more.
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May 08, 2018, 10:16:45 PM
 #72

I'm not totally sick to hear those words coming from the others because I umderstand that they just only sharing their thoughts about the benefits we could get if ever cryptocirrency dominates. Another, I'm not also bitter to banks because I not yet using it so i'm not on the right position to express bad criticisms about it.

But in my opinion, I think current banking systems will not be easily replaced by crypto because of the fact that this is the conventional monetary system that we have and accepted worldwide, and besides we can still see loopholes on the concept of crypto. I'm not saying that this shifting is not impossble to happen since we are now in a modern age but I'm sure that it will take plenty of time before it happens.
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May 08, 2018, 10:31:13 PM
 #73

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

We are directly or indirectly supporting crypto and its business. When we talk about currency market, crypto and local currencies/fiats fall in. Its business among these two. Any currency, in order to gain value has to compete with each other to grow forth and here the competition is between fiats and cryptos. So as we support crypto, why should we be tired of debating on crypto ruling over local currencies or vise versa? Let’s join together and bring forth crypto in currency market.
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May 08, 2018, 10:38:41 PM
 #74

No, I love to read about those comparisons, because it is very interesting and also important to inform the publicity about the fiat money robbing system and show and explain the alternatives. Because based on the info and experience I have with fiat money and banks I am pretty sure that most things will get solved as soon as we use independent and decentralized systems. As an example I want to name the two big world wars that were financed by banks and their money printing system!
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May 09, 2018, 01:06:04 AM
 #75

Do not compare them. To each his own. Someone likes to store money in banks. Someone likes to keep money in the cryptocurrency. Everyone plays by their strategies. Think with your head.

Keeping money in your bank account is something even the traditional kingpin investors find a horrible choice, especially so with how interest rates on savings are lower than ever before. Some banks have even introduced negative interest rates, which is something that people find hard to swallow, but it's the reality. In other words, owning money costs money, can you believe that? As if that wasn't enough, your savings also lose between 1-2% value every year. It's basically capital destruction without doing anything, and that's the worst part -- this system is made to make you lose, that's obvious now. Currently the highest interest rate the bank can offer me is just under 1.2% annually, but that means I won't be able to touch my deposit for 5 years. Even in that case I will still be losing due to the value loss of my deposit....

its a true story, even some banks that actually charge the person who keeps the money in the bank, without giving interest to savers. How ironic is not it? although in my country still the interest rate on deposits such as time deposits are still slightly higher ie 5.5% but still, that number decreases every year. Therefore, we must be smarter in making decisions for the management of our assets and money.
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May 09, 2018, 01:16:35 AM
 #76


If you find the bank is not as sweet as you think, then you can invest in this virtual world, you can buy digital money and sell it when it is growing, you have many options to Investment is not necessarily bank
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May 09, 2018, 01:44:17 AM
 #77

I think in Crypto we are free to store our coins or money, without any monthly dues only there is a fee for the delivery of coins and the fee is very cheap compared to the bank. In terms of profit crypto is very superior from the bank, because we save coins that can make money and earn profits if prices rise, on the contrary if the bank interest earned is very small. So crypto much in demand of others to save as an investment compared to investment in the bank.

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May 09, 2018, 04:49:42 AM
 #78

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Yes I have read several posts like that but sometimes the bitterness are justified but not to the point of crypto replacing banks because that won't happen. Banks all over the world expects that you cannot transfer certain amount of money from your account without reason and such reason must be valid to the extent that even today in my country, if you want to pay for school fees abroad the bank won't release foreign currency to you rather they will charge you, then pay the fees to the school account directly invariably they are dictating how you use your money and how much you can have access to at a particular time but all of this rules are sure not applicable to the high and mighty of the society. But for crypto, there is no discrimination whether you are a senator or a teacher,  an ambassador or a civil servant. It does not matter.
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May 09, 2018, 05:25:10 AM
 #79

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I dont think of it as bitterness but people are only stating a realistic point of view. People are stating that it is better to shift your funds to cryptocurrencies rather than saving your funds in banks because profits is bigger with cryptos if compared to the interest that banks gives to their depositors which is true.

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May 09, 2018, 05:37:23 AM
 #80

Just analyzed where you can feel safe in banks or in crypto. Both has a risks in banks it is supported by the government although the return of profit is small but you can less risks. While in crypto their is a huge risks also but can gives us a good profit than banks. If doubt, search what is better.

You are definitely right. Both the bank and cryptocurrency are at risk, but the saving and investing in the bank sector has low risk and low profit. Apart from having low profit when investing in the bank, many people prefer not to invest in the bank because most times, the bankers use their money to invest without their consent and yet won't allocate them any profit nor interest.
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May 09, 2018, 06:00:58 AM
 #81

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I read that banks are paying 1.3% interest p.a for savings account ??

I have read that these Banks are giving Billions of Dollars to Sport sponsorships. That interest could have been 10%, but they prefer to give large amounts of money to charities and sport sponsorship. Why? Well, because they get tax money from the tax payer or they pay less taxes on their profits, when they do that.

https://www.statista.com/statistics/619735/us-sports-sponsorship-spending-banks/

This in turn, increase the profits for their shareholders.  Roll Eyes

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May 09, 2018, 01:16:23 PM
 #82

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Yes I have read several posts like that but sometimes the bitterness are justified but not to the point of crypto replacing banks because that won't happen. Banks all over the world expects that you cannot transfer certain amount of money from your account without reason and such reason must be valid to the extent that even today in my country, if you want to pay for school fees abroad the bank won't release foreign currency to you rather they will charge you, then pay the fees to the school account directly invariably they are dictating how you use your money and how much you can have access to at a particular time but all of this rules are sure not applicable to the high and mighty of the society. But for crypto, there is no discrimination whether you are a senator or a teacher,  an ambassador or a civil servant. It does not matter.

Maybe your right, people’s sentiments on how screw the banks are hot topic for certain people. They become too radical about their feelings due to their bad experience. We cannot blame them if they rant about the banks.

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May 09, 2018, 01:28:02 PM
 #83

You get to learn something new with these kinds of post. Their frustrations with banks have no valid reason aside from personal vendetta or something else. Banks will stay no matter what we do as they have a solid and necessary use in our financial sector. It's just one of those things that we have to live with like our mistakes.
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May 09, 2018, 01:32:21 PM
 #84

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?


Actually im not tired of always reading this kind of post,because its nature that sometimes the topic will going back to discuss again,like this comparison  of banks and cryptocurrency investment,because the real thruth happen is theres no competition of banks and the digital system instead that there's treaty between bank and crypto to help each other to promote economic growth of exchange market by collaborating each other resources.

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May 09, 2018, 01:47:16 PM
 #85

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?


Actually im not tired of always reading this kind of post,because its nature that sometimes the topic will going back to discuss again,like this comparison  of banks and cryptocurrency investment,because the real thruth happen is theres no competition of banks and the digital system instead that there's treaty between bank and crypto to help each other to promote economic growth of exchange market by collaborating each other resources.

I am neutral into both sides. Each one of them has their own role and has their own platform that they had focused. There is also no point on comparing both of them, but the fact that they want to eliminate both sides is the one major problem that complicates the situation. This becomes a competition between the government and cryptoverse.
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May 09, 2018, 02:09:55 PM
 #86

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

No, I do not want the missing bank, I use the bank as a medium to receive profits from crypto by changing to local money, so I can use it to meet my daily transaction needs.

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May 09, 2018, 02:11:30 PM
 #87

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

banks will not have the chance to over come cryptocurrency because most of the people today are finding an alternative way in order to earn more income daily or monthly and one of the answer is cryptocurrency trading.

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May 09, 2018, 02:50:45 PM
 #88

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yeah! You're right. Why there are so many people who compared banks and crytptocurrency. Banks will always remain for a long time and so as cryptocurrency. So we with them as part of our life.
I am not sure my annoyance with the banks will really be lower than anyone else but I totally agree with you that this would not eradicate the banking sector no matter what as they would still always remain relevant and that would be too much to expect anyway for those who think banks would just fade off one day.

Worst part is that they would find a way to blend into rendering services in the cryptocurrency sector with some form of regulation by the government.
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May 09, 2018, 03:34:25 PM
 #89

when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.
Yes I will agree with you that if your money put into bank the only profit would you have has 0.25 percent that could only 2-10  pesos only,but depend upon to your initial deposite do you have, plus deduction tax depend upon also to your saving account but(low risk) ,although bitcoin it would better to invest and trade, but we have also risky move if your not experience both of them
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May 10, 2018, 09:16:30 AM
 #90

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I'm not sick and tired of that actually, banks have screwed up, fiat has screwed up, there is some truth in what they say.
Brother I think this can be only your own ray about this topic. While if you ask from unprivileged people, you would be amazed to see the response. Majority of the population of world is living a miserable life and for that you have to wait for analytics.

Things are fine in both fiat and bitcoins but the difference is all about thinning. You are tired of using fiat and want to update yourself that is okay.
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May 10, 2018, 12:03:33 PM
 #91

Banks will need to make significant changes in the next ten years. I think they have already felt the pressure, which is encrypted to them. I think banks should be a service industry in the future, and reduce the financial attributes of banks.
They are obviously feeling the pressure and that is the main reason why they tried as much as possible to attack it, but now, if you cannot beat them, you just have to join them or find a way to stay relevant which is what I believe the banks are trying to do now and are beginning to gradually consider. This is the competition we need and have been in dire want for, and it is good the banks are going to be feeling it and will make them to readjust over time.
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May 10, 2018, 04:42:20 PM
 #92

Why many people think that the bank is detrimental, better invest in cryptocurrency. Maybe they do not need a bank anymore, but there are still so many people who need it. We should be proud of the existence of banks, without our state banks will not grow and the economic turn around is very bad.
The banks should also be better in service and there should always be innovate developing the program. So that banks can keep up with the development of digital era.

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May 10, 2018, 04:50:09 PM
 #93

For me, crypto and bank are completely different so why must I bother ?

Different ?
Crypto is digital money so it's impossible for digital money to accept by bank because each bank have their own policy for fiat
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May 10, 2018, 04:56:01 PM
 #94

For me, crypto and bank are completely different so why must I bother ?

Different ?
Crypto is digital money so it's impossible for digital money to accept by bank because each bank have their own policy for fiat
Yeah your right mate, you don't need to compare whether the banks or the cryptocurrency because they are both helpful with us. Just let them bank and crypto having a problem with the government because as what you have said banks have different policies for fiat where is the source of it. Well, how lucky I am here our country cryptocurrency and some banks are friendly to each other, I can deposit my money from bitcoin through banks.

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May 10, 2018, 05:07:12 PM
 #95

For me, crypto and bank are completely different so why must I bother ?

Different ?
Crypto is digital money so it's impossible for digital money to accept by bank because each bank have their own policy for fiat
Yeah your right mate, you don't need to compare whether the banks or the cryptocurrency because they are both helpful with us. Just let them bank and crypto having a problem with the government because as what you have said banks have different policies for fiat where is the source of it. Well, how lucky I am here our country cryptocurrency and some banks are friendly to each other, I can deposit my money from bitcoin through banks.

Yes sometimes many people will feel with banks like this it will be acceptable but crypto currency is not a trustable in all time so wait for the changes hope it will be in a good movement.

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May 10, 2018, 05:11:33 PM
 #96

Just analyzed where you can feel safe in banks or in crypto. Both has a risks in banks it is supported by the government although the return of profit is small but you can less risks. While in crypto their is a huge risks also but can gives us a good profit than banks. If doubt, search what is better.

The banks are necessary evil no matter how bad we think they have treated and shortchanged us, we still need them. The worse the banks do, is the same the crypto miners, especially bitcoin miners, do. There are always bad elements in every business. And yes, I am bored reading threads on the wickedness of the banking sector or comparing it with the bitcoin.
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May 10, 2018, 05:24:24 PM
 #97

Crypto is digital money so it's impossible for digital money to accept by bank because each bank have their own policy for fiat

It's not impossible. It only needs regulatory approval, and once financial institutions have that in their pocket, they can implement Bitcoin in their preferred way, and it's actually just a matter of time. Banks have set the first step already, and now it's waiting for the next step(s), and that might be them allowing people to buy crypto from within their banking portal to avoid dealing with exchanges. It's a win for banks themselves, but also governments. It will help to significantly lower the amount of capital flowing out of the country and system, and it will help locate and analyze people's crypto related activities and holdings. It's a win win situation for them.
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May 11, 2018, 08:27:50 AM
 #98

Banks are not only needed, they should use their resources and opportunities to offer the population services in the use of bitcoins. All these services should allow people who are not sufficiently savvy and need professional consultants to manage their bitcoins. At the same time, banks can install very small commissions, sufficient for profit. If any bank begins to provide such services, its reputation will immediately rise, because many people want to keep up with the times.
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May 11, 2018, 08:43:40 AM
 #99

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

 We cannot blame them since bank is giving a very little interest to their savings wherein the banks use their money to earn bigger profit. Before we have no choice since bank is the only institution where we can put our money safely  and be content with the interest they gave us in exchange of the security. When bitcoin enter,  people now can compare the difference and they have now the choice which one to select where they feel security and happiness.

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May 11, 2018, 08:55:07 AM
 #100

Kinda sick read those kind of post that people trying to compare those two whole different things. People trying to compare the service to saving money and cryptocurrencies are just kinda dumb in my opinion. Banks exactly just trying to help us saving our money and helping transaction in transfer mode, creditcard, etc. Well, crypto and banks surely could assist one another, once again, IMO.
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May 11, 2018, 09:51:11 AM
 #101

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I don't feel that bitterness in banks eventhough interest are low and regulated. Banks and bitcoins are different from each other. We invest in bitcoin and store some of our money in banks because the risk is lower.
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May 11, 2018, 10:12:51 AM
 #102

Kinda sick read those kind of post that people trying to compare those two whole different things. People trying to compare the service to saving money and cryptocurrencies are just kinda dumb in my opinion. Banks exactly just trying to help us saving our money and helping transaction in transfer mode, creditcard, etc. Well, crypto and banks surely could assist one another, once again, IMO.

Banks are helping you? This is the most stupidest thing I have read on this forum, banks are helping us?! Banks help rich people, all others are just victims of their system, and I felt that many times how I am just a number there and nothing more.
Crypto and banks to assist one another, did I say that I already heard the most stupidest thing, well I was wrong, this one is bigger. Banks will transform their system and they will adopt to blockchain, bit that's cause they are rich and they have a lot of money to continue to manipulate with people. Blockchain is sufficient, bitcoin doesn't need banks and regulations, its already regulated. Learn more, read more, educate yourself more, don't watch just your ass, there are 7 billions souls in this world, it should be good place for all of us, not just for rich people.

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May 11, 2018, 10:15:11 AM
 #103

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Ofcourse, it is very tiring reading that kind of post. Because as we know, bank is still the most essential institute in the society which we can entrust our money not as an investment but as a savings.

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May 11, 2018, 10:18:16 AM
 #104

I think Banking is still very important in our society because we have not fully utilize and realized and a lot of consideration has to be put in place before we would said we don't need bank again. Bank are taking the back roll in blockchain technology and we are not really going to need bank future if blockchain is fully utilize.
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May 11, 2018, 10:38:58 AM
 #105

Only my opinion , i think yes because bank secure your money , and protect it from bad guys
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May 11, 2018, 10:57:02 AM
 #106

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

In my opinion, banks are help for people, but the problem is, they require a percentage of additional payment in some cases, and people dont like it and think that it is too much. But for me, banks are good partner, imagine if you could store your cryptocurrencies in banks, it would be much safer and I could sleep better knowing that my coins are safetly being guarded by the bank. When I say bank, I mean if there are gknna be banks for cryptocurrencies.

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May 11, 2018, 12:07:35 PM
 #107

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
As long as I gained more knowledge I'm not tired reading of the other opinions even it consumes my time, Bank and cyrpto are interesting topic that is why some of the member of this forum keep making this kind of thread.For me bank and crypto are both needed in the society as long as we get benefit on it.
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May 11, 2018, 12:32:13 PM
Last edit: May 11, 2018, 06:10:10 PM by Hell-raiser
 #108

Kinda sick read those kind of post that people trying to compare those two whole different things. People trying to compare the service to saving money and cryptocurrencies are just kinda dumb in my opinion. Banks exactly just trying to help us saving our money and helping transaction in transfer mode, creditcard, etc. Well, crypto and banks surely could assist one another, once again, IMO.

Banks are helping you? This is the most stupidest thing I have read on this forum, banks are helping us?! Banks help rich people, all others are just victims of their system, and I felt that many times how I am just a number there and nothing more.

Yeah, strongly support this point. We have to use banks, so it's no surprise they act accordingly as their monopolistic position allows them. Basically, we are cannon fodder to them. Also, we have to use fiat, while fiat and banks are actually inseparable. If you have to use fiat (which you have), you have to use banks as well. They are just two facets of the same system which has as its effect, desired or unintentional, financial slavery of ordinary people. On the other hand, crypto, despite its numerous drawbacks and shortcomings, is the way out.

Crypto and banks to assist one another, did I say that I already heard the most stupidest thing, well I was wrong, this one is bigger. Banks will transform their system and they will adopt to blockchain, bit that's cause they are rich and they have a lot of money to continue to manipulate with people. Blockchain is sufficient, bitcoin doesn't need banks and regulations, its already regulated. Learn more, read more, educate yourself more, don't watch just your ass, there are 7 billions souls in this world, it should be good place for all of us, not just for rich people.

Crypto and fiat banks are likely the worst enemies. Banks might adapt and adopt crypto as they see fit, but who needs banks if we can do without and as good?
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May 11, 2018, 12:50:28 PM
 #109

Kinda sick read those kind of post that people trying to compare those two whole different things. People trying to compare the service to saving money and cryptocurrencies are just kinda dumb in my opinion. Banks exactly just trying to help us saving our money and helping transaction in transfer mode, creditcard, etc. Well, crypto and banks surely could assist one another, once again, IMO.

Banks are helping you? This is the most stupidest thing I have read on this forum, banks are helping us?! Banks help rich people, all others are just victims of their system, and I felt that many times how I am just a number there and nothing more.
Crypto and banks to assist one another, did I say that I already heard the most stupidest thing, well I was wrong, this one is bigger. Banks will transform their system and they will adopt to blockchain, bit that's cause they are rich and they have a lot of money to continue to manipulate with people. Blockchain is sufficient, bitcoin doesn't need banks and regulations, its already regulated. Learn more, read more, educate yourself more, don't watch just your ass, there are 7 billions souls in this world, it should be good place for all of us, not just for rich people.
Banks and cryptocurrencies have their own functions and schemes. Each has advantages and disadvantages, no matter how we convince and educate other people to participate in cryptocurrency, or give them some pieces of advise still we can't control their different opinions and responses, it could be positive or negative. Both organizations exist for a reason, and for bitcoin users we must strengthen our faith each passing day and trust the fact that all great success starts from small steps. Bitcoin may be gaining popularity but it's not totally widely-approved, and I also can't blame those who are feeling bitter in banks. Educating oneself, being aware of its different nature, and gaining helpful information can be very helpful in distinguishing which is helpful and beneficial between the two. At the end of the day, it will be only us who will decide what we believe is good for ourselves and nobody else.
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May 11, 2018, 12:59:58 PM
 #110

when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.


i really agree. banks do have storage costs that they collect automatically on your account. banks have regulatory compliance costs the banking industry hundreds of millions of dollars every year.
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May 11, 2018, 04:31:38 PM
 #111

Yes, I have experienced mental harassment from banks multiple times and now, I would give the least priority to the banks when it comes to the financial services. See this is nothing against banks, bank officers and banking sector but the whole infrastructure doesn't make any sense if we have a faster, better, secure and cheaper alternative to do the same tasks. It's the matter of time-consuming centralization and faster decentralization and as a global citizen of the 21st century and someone from the fast generation cannot tolerate wasting my time for these petty things and hence I choose the faster alternative every time and in most of the cases, it's crypto.
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May 11, 2018, 05:49:19 PM
 #112

Banks are first of all business of other people. So why we have to be surprised and becomes angry about what they want to earn?
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May 12, 2018, 04:43:37 AM
 #113

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yeah you are right. I also think that crypto and banks have different rolls in the society. Banks give us many services that cryptocurrency doesn’t and crypto provides us the opportunity to earn more and more money. There is no caparison between cryptocurrency and banks. We keep money in banks for our daily needs and invest in crypto for earnings.

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May 12, 2018, 05:48:14 AM
 #114

when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.
Bitcoin today is just for earning purposes and not for usage, rather the aim of bitcoin is not to earn money but to use it and promote it in the local communities. If you want to make some money buy bitcoin and hold for some time and when you cash out your money you will out it in your local bank account. It means that bank provides us the security for our money.
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May 12, 2018, 07:58:01 AM
 #115

Most operate to make profit and see to the smooth running in the financial status of individuals and the public at large. Most financial institutions accept deposits from private and public sectors and create credits.  Monies are saved at banks for future purposes or in case there is an unforeseen circumstances and for running other developmental projects.
One thing I dislike about banks nowadays is the cost of transaction and long queuing there. You will have to spend much time going there to either make withdrawal or deposit some amount of money and the number of people there will even scare you as to whether to complete the task or postpone your coming. I will be happy to hear yours so let us share.
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May 12, 2018, 09:15:32 AM
 #116

Why would I feel better in a bank in this 21st century? Is it because of the long queues and waste of time in banks in addition to giving abysmal low profits for money saved.No, banks are no more the way to go again.We have better ways of feeling better with your money than the bank.I will not give my hard earned money to enrich an ungrateful banks.
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May 12, 2018, 02:59:48 PM
 #117

Yes, there are so many posts against banks but that’s the reality. I mean they are no less than the gangsters. They charge high amount of fees for almost doing anything related with the money, even if it means just holding on it. And the rate of interest they provide on our deposits is also very low which is eaten up by inflation over a period of time. I mean it took me too long to realize that the interest rate they offer is just a bait to make all of us foolish. Its nothing in front of what they are earn. Under such a situation a decentralized technology such as cryptocurrencies is the need of the hour.
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May 13, 2018, 02:21:31 PM
 #118

Yes, there are so many posts against banks but that’s the reality. I mean they are no less than the gangsters. They charge high amount of fees for almost doing anything related with the money, even if it means just holding on it. And the rate of interest they provide on our deposits is also very low which is eaten up by inflation over a period of time. I mean it took me too long to realize that the interest rate they offer is just a bait to make all of us foolish. Its nothing in front of what they are earn. Under such a situation a decentralized technology such as cryptocurrencies is the need of the hour.

That's how banks work, they give us very low interest for our savings but they gain a lot by using our money and in return they earn much bigger income compared to us. They charged us monthly service fees, insufficient funds fees, returned checks fees, and many fees may apply. We as consumers felt so helpless.
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May 13, 2018, 02:49:27 PM
 #119

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
actually I myself was also bored with what is often discussed like this, because the banking is very different from bitcoin. the difference is also far, crypto it with a different banking, if crypto the coin storage, while the bank is money, although coin can also be exchanged for money still the process is different.
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May 16, 2018, 03:08:41 PM
 #120

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Yes, I'm sick of such comparisons, because it are completely different spheres. Banks are needed in order to keep our cash safe, and we use bitcoin as an investment.
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May 16, 2018, 03:13:17 PM
 #121

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
That is what we called ideas from experienced so we can not control them or rights to stop what they want to say or express from any disappointing situation from the traditional system. Actually this is better atleast banks around the globe will fell the fair that they may replace someday if they will not make an upgrade for there service system. Just let the crypto fan speak their emotions.

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May 16, 2018, 04:21:03 PM
 #122

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I do not think that people are bitter against banks, it is just that people are very positive about bitcoin and about the potential of the technology, as we know one of the most famous phrases is that bitcoin allows to you to be your own bank, and then people take the next step, if we are our own banks then why do we need banks? But the truth is that is very difficult that bitcoin will replace banks.

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May 16, 2018, 04:39:27 PM
 #123

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
not at all cause banks are actually doing their jobs. their high interest are  for their employees. thats what they pay in their employees. not bitter cause for me banks are actually my money storage i dont invest with banks cause i know anytime banks can be bankrupt. i dont trust bank i just hide my money there.
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May 16, 2018, 04:40:27 PM
 #124

Hi, while a person will feel that banks and financial institutions not only control his savings, but also the person bears costs and inconveniences-cryptomir will develop more and more.
I think that the war between the cryptomir and the banks will soon begin, but we must play it and defend the right to freedom.
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May 16, 2018, 04:54:43 PM
 #125

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
People keep complaining about banks and governments, is because the truth behind the currencies that they issue and how they are controlling every aspect of our finical lives, just because they have the power to do so, but with cryptocurrrencies it is a whole different thing once you try it and know the reason behind creating them, you never wanna go back to being held down by banks.
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May 16, 2018, 08:10:26 PM
 #126

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
The fact is that bitcoin is not here to replace banks but it will have a change in the entire economic structure in the future, we need the support of banks to convert bitcoin to local currency and wise versa, if the banking sector cuts off their ties with exchanges it will be difficult for world wide adoption without a doubt, we need both to co exist to have a better solution for everyone.
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May 16, 2018, 08:54:51 PM
 #127

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
The fact is that bitcoin is not here to replace banks but it will have a change in the entire economic structure in the future, we need the support of banks to convert bitcoin to local currency and wise versa, if the banking sector cuts off their ties with exchanges it will be difficult for world wide adoption without a doubt, we need both to co exist to have a better solution for everyone.
Well said. This development of events looks more realistic than crypto-currencies without a banking system or vice versa. I also think that we need a banking system, but it needs to change.


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May 16, 2018, 10:18:20 PM
 #128

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?


Bank is too different from cryptocurrencies and it is well known than crypto. We can't deny the fact that no matter how profitable crypto is, some people still trust and rely in banks because they have known it first. Bank is just a place where we could store our money but it is different from crypto.
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May 16, 2018, 10:36:16 PM
 #129

Banks are very frustrating in the way they treat customers whose money they even use to enrich themselves.These are some of the reasons why I do not like to save in a bank.They are very ungrateful to their customers.Banks cannot make you rich.To save money or invest money in a bank is one of the most unprofitable ways of making money.

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May 16, 2018, 10:42:00 PM
 #130

Well, people certainly have a right for such point of view because banks are doing really bad things sometimes.

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May 16, 2018, 10:58:49 PM
 #131

Banks are effectively legally endorsed and accredited criminals.  If the average person did even a tiny fraction of what banks do, they'd spend the rest of their lives locked up.  Banks know they can get away with most things because they form the foundations of our entire economy.  Seldom do they face suitable penalties for their numerous transgressions.  Lloyds are still under investigation for the HBOS fraud coverup, HSBC escaped with a deferred prosecution agreement after money laundering for drug cartels, Barclays paid some fines and only 3 were convicted for the LIBOR rigging scandal, they're all criminal scum and they keep getting away with it.

We have every right to be bitter.

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May 16, 2018, 11:10:39 PM
 #132

banks often try to prevent the introduction of crypto currency into our lives and this is also the subject of discussion in this forum. When the crypto currency is legalized by the state, the banks will cease their subversive activities against the crypto currency and will adjust to the existing circumstances, rendering also their services in the crypto currency.
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May 16, 2018, 11:23:47 PM
 #133

Well, people certainly have a right for such point of view because banks are doing really bad things sometimes.

This is very normal nowadays, banking system is a crap here in my place so many frauds and their services is very poor. Banking system is too old for this kind of generation, and that's why many people are now adopting blockchain technology and used cryptocurrency for a faster transactions, lowers fees and of course convenient.
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May 17, 2018, 04:22:29 PM
 #134

when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.
It’s happening right now, but once Bitcoin’s price have stabilized, will you still use Bitcoin or looking for other more profitable things? Bitcoin can be an investment tool but it’s not the main purpose of creating it.
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May 17, 2018, 04:56:05 PM
 #135

i was never know what cause people hate bank but probably some of them does not liked banks because banks too powerfull rather than their costumers even we have money and want to saving it at banks but to get an account at there we have to following their rule and they also can control our fund but use bitcoin is different that we can fully access to our fund without being interrupted by the other party
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May 17, 2018, 04:58:52 PM
 #136

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yeah! You're right. Why there are so many people who compared banks and crytptocurrency. Banks will always remain for a long time and so as cryptocurrency. So we with them as part of our life.
Yes, and I believe these 2 things that are currently against each other will gradually merge into something more solid.
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May 17, 2018, 05:04:36 PM
 #137

Maybe not tired but that is in some aspects true cause banks makes some transactions slower and your account is still connected to some people in crypto it is completly diffrent.

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May 17, 2018, 05:08:29 PM
 #138

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Even this thread reminds me of the hatred bitcoin lovers have about the banking sector. It isn't any different and I feel that bitter taste in my mouth right now. But the truth is that no matter what the hatred is towards the banks, the banks can't be totally eradicated. Banks will be there to ease bitcoin or crypto transactions.
It’s true the Bank will remain, especially the country central bank but the small banks will lose demands if the triumph of Cryptocurrencies come especially the banks that don’t keep up with the times, I think the current banking service is very long and convoluted, different ATM of banks and have to look for the same ATM if you don’t want to be charged with additional money, if the ATM has integrated already.
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May 17, 2018, 05:12:09 PM
 #139

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I do not understand why many in this forum believe that crypto currency can lead to the destruction of banks. This, in practice, a complete ignorance of the fundamentals of the economy and what the banks are doing and what their functions are. And no arguments are given in favor of such an opinion. Some people will switch to using crypto currency. this will reduce the profits of bankers. And that's all. Next, banks will adjust to new conditions and earn, including providing services in the crypto currency. In the past, after the legalization of the crypto currency, banks and crypto currency will exist and work together.

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May 17, 2018, 05:36:50 PM
 #140

I do not understand why many in this forum believe that crypto currency can lead to the destruction of banks.

Banks will lead to the destruction of banks.  Sooner or later they'll make a mistake so big that no government can bail them out.  

Think about it.  Banksters are effectively above the law.  There isn't a line they won't try to cross.  They aren't afraid to push their luck because they know the system is built in their favour, which only makes them more reckless.  They're greedy, arrogant sacks of human excrement with a gambling addiction.  They spend literally all day making bets on a global $1.2 quadrillion derivatives market which is practically the equivalent of 'Monopoly Money' at this stage.  It's a recipe for disaster.  And that's when they aren't laundering money for drug cartels, rigging markets, organising fraudulent mergers and whatever other criminal activity they're currently getting away with.

Cryptocurrency doesn't need to do anything, other than merely be around to pick up the pieces of whatever is left when the banks inevitably take that one step too far and fuck the world beyond fixing.

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BartS
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May 17, 2018, 07:08:01 PM
 #141

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
The fact is that bitcoin is not here to replace banks but it will have a change in the entire economic structure in the future, we need the support of banks to convert bitcoin to local currency and wise versa, if the banking sector cuts off their ties with exchanges it will be difficult for world wide adoption without a doubt, we need both to co exist to have a better solution for everyone.
People are bitter because they see banks are rigging the rules in their favor, if the system was fair and the banks were powerful people will not complain since they will know they obtained that power in a fair way, but that is not the case we know banks are in the bed with governments, and we know governments pass laws in favor of those that are already very powerful while the rest of the people are affected by those decisions, consequently people feel they cannot advance in the economic ladder because of it.
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May 17, 2018, 07:44:19 PM
 #142

Not really sick and tired of reading those rants about the banks because I do know where these people are coming from. Some may have bad experiences on some banks thats why they feel that way and some have not experienced having troubles with banks too.

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May 17, 2018, 07:46:38 PM
 #143

I think there are many people who think like that. maybe they compare cryptocurrency and bank because they think about the money they spend for the bank. every transaction using the bank, there will be a tax imposed. and it becomes a bitter feeling for bank users. but for the time being I did not even think about eradicating banks and being replaced by crypto. because I think it's just a silly thought. how the bank will get eradicated, when the government can get the results from the bank and many still use the bank.

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May 17, 2018, 08:35:45 PM
 #144

Not really sick and tired of reading those rants about the banks because I do know where these people are coming from. Some may have bad experiences on some banks thats why they feel that way and some have not experienced having troubles with banks too.
Because of banks, people have lost their homes and are now living in the streets. Imagine the financial crisis which the banks caused, they ended up being bailed out whiles their customers were the ones who ended up suffering.
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May 28, 2018, 10:29:06 PM
 #145

For most people in the cryptocurrency world, saving at the bank is just a waste of time and resources. To them, banks do not add any huge fund or interest of the money you might save there may not fetch you anything. It is always good to invest in any of the trusted coins you can think of and stop the issue with banks. I was at first making a little saving at the bank and imagine, for one year now, I have gotten a very little interest which to me is not helpful as compared to investing in cryptocurrencies.
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May 28, 2018, 10:46:30 PM
 #146

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yes it's tiring but we have different opinions so I think its alright the opinions of others in bank and to crypto. And I think it will not avoid that the bank and cryptocurrecy will compare to each people because of their different opinions.

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May 29, 2018, 01:32:08 AM
 #147

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I have no idea about this because you have freedom of speech. They have the right to their own opinions and create a happy and useful discussion.
From my personal point of view, banking is an essential part of every human life. Crypto is a new thing and it takes time to be accepted all over the world.
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May 29, 2018, 01:33:29 AM
 #148

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Banks are bitter about cryptocurrency because they know that bitcoins is a threat to their business but still they will be able to defeat cryptocurrency because the people knew that they will get more profit in bitcoins more than on banks.
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May 29, 2018, 01:44:25 AM
 #149

I don't feel any bitterness in banks because i use them also to keep my fiat money safe. I don't put all of my money in the cryptocurrencies because i know that there is a high risk of losing money since the fluctuation in the cryptocurrency markets are so high and i can't afford to lose 50% for my future savings.
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May 29, 2018, 02:36:01 AM
 #150

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
If you find bitterness in the bank, then you can use the extra money you have deposited to invest in bitcoin or you can participate in trading different currencies altcoin if you want when you  feeling bitter in bank
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May 29, 2018, 02:58:31 AM
 #151

Of course not, because banks is our first trusted money safekeep. That is our first traditional way of saving and keeping our money. Although nowadays we already have explored many sources on how to multiply our savings and money, there are a lot of opportunities also offered in crypto world, the world innovates and moving fast towards hi technology, yet we still remain our bank engagement in some other ways too.
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May 29, 2018, 04:05:29 PM
 #152

When I hear news like this it may be silent including a powerful way to aggravate the situation because the bank feel depressed after the emergence of this increasingly rapid cryptocurrency so the effort to bring down the crypto is so great that it makes one worry.

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June 05, 2018, 12:43:40 PM
 #153

many people are now transferring money in the bank into digital currency. because when the money is deposited in the bank the money will not increase even less. but if stored in the form of bitcoin or other alt it could be 2 times or more its profit. there is still a good chance if we keep setting aside a small fiat currency for emergencies
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June 05, 2018, 12:53:31 PM
 #154

many people are now transferring money in the bank into digital currency. because when the money is deposited in the bank the money will not increase even less. but if stored in the form of bitcoin or other alt it could be 2 times or more its profit. there is still a good chance if we keep setting aside a small fiat currency for emergencies


I don't think there is a need to feel bitter in bank because in the first place bank has been a good help to us for the longest time now and it doesnt mean that they are useless because we find crypto more profitable. Both are product of technology and that is something we should all be grateful of in my own personal view.
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June 05, 2018, 02:06:22 PM
 #155

We save money in the bank for security of money. The money we save in the bank means that if we invest bitcoin. Then we can achieve profits.
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June 05, 2018, 02:13:55 PM
 #156

It is not because of bitterness but it is just about comparing new things with the present system to see the advantages and disadvantages of both sides.





I think They always compare banks and cryptocurrency and as far as they want to eradicate the bank and be replaced by crypto. Are you sick and tired of reading this kind of post?
I noticed that some of us in this forum have a bitter feeling in the banking sector.
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June 05, 2018, 02:23:22 PM
 #157

It is not because of bitterness but it is just about comparing new things with the present system to see the advantages and disadvantages of both sides.




I think there is a close relationship between the ability of the Central Bank to fund the government debt and increase the burden of inflation, taxation and cutting public spending due to the economic crisis. bitcoin provide solutions by removing all intermediaries third party let you know how much value for money / your property. basic purpose behind bitcoin is give to the human race way to lift the control owned financial institutions of the working class.
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June 05, 2018, 07:33:21 PM
 #158

if we choose the bank just as we keep our money safe, even the money we save in the bank is diminishing due to the cost of storage. whereas if we want to put our money in bitcoin will get income, because need to know that this bitcoin can go up and down.
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June 05, 2018, 08:29:59 PM
 #159

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I feel bitter with banks cause banks are just my storage of my money are the future. Cause I think we all of my own experience. Cause we should hold a countries economy, the world at war on terror. Cause bitcoin can be a new value of that. I feel bitter with the world at large a countries. I am enjoying a new value higher education and technology, the best for all
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June 05, 2018, 08:52:49 PM
 #160

Nope, i be more interesting with the topic if someone who has a bright idea in regards of criticism in a part of the banking system. Since this topic is not been solve in the 9 years of existence with cryptos, i waiting for the update soon and add for another years in the development of cryptocurrency vs. the banks.
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June 05, 2018, 09:15:46 PM
 #161

if we choose the bank just as we keep our money safe, even the money we save in the bank is diminishing due to the cost of storage. whereas if we want to put our money in bitcoin will get income, because need to know that this bitcoin can go up and down.

Don't forget that banks are lending our money to other people and earn on it. We are given a small amount of their profit but we all know how much money they all earn. Storing money in banks is as uncertain as using Bitcoin. Bitcoin value changes almost every second. Banks could collapse basically anytime and disappear with our money.

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June 05, 2018, 09:46:55 PM
 #162

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?


     You damn right I am. These people who post sht about banks being gone for good and being replaced by crypto are either dumb or just trolling. It is pretty obvious that we still cannot survive without the banks. Yes, the banks have shitty terms and conditions but they work and we need them. Although cryptos are good, there is not a single crypto yet that is good enough to even be compared to the banks, or become a national currency of a country. Let alone be a worldwide currency.

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June 05, 2018, 09:53:46 PM
 #163

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yes. Somehow I really get tired of reading same posts about those people who have really hated banking system due to the existence of cryptocurrency in which they always do comparison to these different types of systems as well as currency because the one is the regular and on the other hand, the virtual one. What people do not clearly get and understand that these two existing systems are apart from each other and they do have different roles to play in ones individual's life so what we must need to see is that these two systems are different from each other so comparison is not the key to resolve it. In fact, it is just getting worst since we are just making issues upon doing comparison of this two types of existing system that promotes different types of currency.

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June 05, 2018, 10:27:02 PM
 #164

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I also agree that every post every comment they are always comparing banks ang cryptocurrency and i am getting tired we know that cryptocurrency and banks was have a big difference because we don't know what will happen in the future but i think banks was never remove and always have a idea how to adopt cryptocurrency and why the people always thinking a negative side of this kind of matter just understand and adopt also what is the changes.
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June 05, 2018, 10:34:20 PM
 #165

Yes, your logic, just recently, more such posts are being targeted, compared to crypto currency with the bank. But there are good crowds in the posts. And it is also good to see everyone who supports crypto currency  in this regard. It would be more enjoyable if it was used in the right way .
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June 05, 2018, 10:39:28 PM
 #166

when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.
Being in the bank is a safe, risk-free, profitable for you monthly is very low. Maybe it will not be enough to pay for life, for some people who are afraid of risk and do not dare to face the risk they will put money in the bank, or some people accrue a little capital for their lives. they will put in the bank. the remaining will go to invest.

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June 05, 2018, 10:55:09 PM
 #167

when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.
Being in the bank is a safe, risk-free, profitable for you monthly is very low. Maybe it will not be enough to pay for life, for some people who are afraid of risk and do not dare to face the risk they will put money in the bank, or some people accrue a little capital for their lives. they will put in the bank. the remaining will go to invest.

Yes in bank our money is safe but we didn't have any profit like what bitcoin can give to us, bitcoin is risky and we should know it at the first place before we put our money on it.
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June 06, 2018, 03:22:07 AM
 #168

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Surely I'm not even looking at such posts anymore as I have come to learn so much differences of both worlds. Banking is different sector and its way of working, the swift technology it has and operations everything is different and must not be mixed with gravity of crypto currencies. Look at the crypto, they have completely different platform, a way decentralised working and almost opposite to the banking sector. May be they should not be compared at all.

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June 06, 2018, 03:36:50 AM
 #169

You damn right I am. These people who post sht about banks being gone for good and being replaced by crypto are either dumb or just trolling. It is pretty obvious that we still cannot survive without the banks. Yes, the banks have shitty terms and conditions but they work and we need them. Although cryptos are good, there is not a single crypto yet that is good enough to even be compared to the banks, or become a national currency of a country. Let alone be a worldwide currency.

As much as people are bitter with banks because they are using our money for their benefit and we discovered the fact that they are just giving so little interest for our money that cannot beat inflation, there are still advantages of using bank which is for security purposes. If we just wanted to keep our money somewhere so that it will be accessible all the time and have a stable value then banks would be the best choice. I believe we cannot eradicate banks because they are even researching on how to use blockchain technology to their advantage so that the cryptocurrencies wouldn't be able to eliminate them.

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June 06, 2018, 03:48:42 AM
 #170

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
f you feel disappointed and unhappy about the bank then there is still a potential market bitcoin instead of you depositing your bank and getting low interest rates from you can invest your investment in bitcoin you will be happy about. it
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June 06, 2018, 03:56:21 AM
 #171

You damn right I am. These people who post sht about banks being gone for good and being replaced by crypto are either dumb or just trolling. It is pretty obvious that we still cannot survive without the banks. Yes, the banks have shitty terms and conditions but they work and we need them. Although cryptos are good, there is not a single crypto yet that is good enough to even be compared to the banks, or become a national currency of a country. Let alone be a worldwide currency.

As much as people are bitter with banks because they are using our money for their benefit and we discovered the fact that they are just giving so little interest for our money that cannot beat inflation, there are still advantages of using bank which is for security purposes. If we just wanted to keep our money somewhere so that it will be accessible all the time and have a stable value then banks would be the best choice. I believe we cannot eradicate banks because they are even researching on how to use blockchain technology to their advantage so that the cryptocurrencies wouldn't be able to eliminate them.
in my country there are plans some banks will offer blockchain in their system, so the future possibilities of cryptocurrency will be managed as well. but i do not see if cryptocurrency will eliminate bank
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June 06, 2018, 10:21:46 AM
 #172

We save money in the bank for security of money. The money we save in the bank means that if we invest bitcoin. Then we can achieve profits.
This isn’t just about security alone. When you put money in banks and you are just making fantastic way to earn money through it they don’t just give you. They invest our money in some national level business and earn so huge profits. These profits are then divided and distributed to you at such low percentage. In some religions this profit is prohibited to take but for others it is okay.
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June 06, 2018, 10:55:35 AM
 #173

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yes i feel you, my advice to them, bank is just a secure way to keep your money safe for long time, bank didn't give them huge profit, dont be bitter in banks if they want to keep thier money in crypto to earn profit why not? They are free to make a dissicion, cryptocurrency didn't replace banks ever.

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June 06, 2018, 11:20:59 AM
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Yes indeed. If you put your money in the bank don't expect your money will grow, because the interest is very low. Unlike in crypto, there's a big possibility your money will grow.
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June 06, 2018, 01:34:31 PM
 #175

Yes indeed. If you put your money in the bank don't expect your money will grow, because the interest is very low. Unlike in crypto, there's a big possibility your money will grow.
I agree to that but cryptocurrency is not the only thing that you can put your money to grow or get a high chance to grow it faster than investing in banks. I am not saying this to discourage people but i am just informing the people who might be reading my opinion that it is not advisable to put a lot of money in cryptocurrency and you should always consider diversifying to avoid huge conflicts.
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June 06, 2018, 01:48:12 PM
 #176

when we save money in the bank, we just keep it without expecting any profit. actually our money can be reduced for storage costs. better to invest in bitcoin, we can expect profit.
I really agree with you, when saving money in the bank.
then our money just stays in place without moving / not growing.
I prefer to invest all my money instead of having to keep it in the bank and let it go, about the risks!
all trades have risks.
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June 06, 2018, 02:05:59 PM
 #177

The discussion about banks and cryptocurrency seems to be getting more and more familiar, I think this is a natural thing and it's still a sign of consideration where crypto is still on its time being through certain processes until finally it can be adopted well or accepted in the country.

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June 06, 2018, 02:10:00 PM
 #178

Frowning at most banks that have not started taking up the use of the block chain for their operations and busy seeing bitcoin as a threat rather as a competition. Some new generation banks have started incorporating the cryptocurrency operations into their systems thereby getting themselves ready for the future.

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June 06, 2018, 02:17:35 PM
 #179

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yes it's sick and tired to see that kind of post but it's a opinion of others so it depends to you if you answer it or not. I think you know the  answer about between of banks and cryptocurrecy.

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June 07, 2018, 04:55:12 PM
 #180

I think banks will still remain even many years passed by, banks and crypto have big differences and uses and i doubt if cryptocurrency will replace  banks soon due of crypto is decentralized and banks are not some might reason is people who dont understand crypto will be against to replace banks.
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June 07, 2018, 06:03:01 PM
 #181

if you don't do you like the cash of your amount to send the good budget amount and must be multiple complex, you should enter the bitcoin where you can be many interest by the ico


Bank is not for the people future saving. It only for the private company growth. So bank is affect the people growth and saving. Bank is not give the full information of the banking process and rules and regulation. Now people want to new saving currecny. Bitcoin is help to people future saving. So bank is attack the bitcoin. If use the bank for future saving your money price is not increase. So you future not growth. So people like the bitcoin for the future saving. Bitcoin is your saving and your money. So time is important of the this process. It any time to increase. If bitcoin price is increase that time is sell the bitcoin. So it good for the people future saving and improver knowledge. People will be gather more information form bitcoin. Bnak is not give the any information. Bank is not good for the people.  
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June 07, 2018, 06:52:23 PM
 #182

Most financial companies accepts both deposits and withdrawals from the entire public and they at times generate revenue at the end of the service. Most people use to compare the underlining benefits of saving at the bank and investing into crypto currency. One aspect I dislike about some banks is the time one might use in making either withdrawal or deposit. You need to get ample time and wait for everyone to be served accordingly before you can proceed to do yours.   

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June 07, 2018, 08:06:24 PM
 #183

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I am not tired of reading about it, these banks have annoyed me with their bad risky investments almost bringing us to the brink of bankruptcy and getting tax payers to bail them out! Sooner bitcoin becomes mainstream the better

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June 09, 2018, 02:24:56 AM
 #184

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
in fact the Bank and Cryptocurrency have their respective roles that can provide benefits to its users, just a very different way. when we save money in the Bank, the benefits we earn are only determined a few percent, but have no risk because the Bank is fully responsible. obviously very different from the investment in cryptocurrency, the benefits obtained are not limited but the risks encountered are of course very large and no one is responsible for the loss of money we invest if not from ourselves who bear it.
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June 09, 2018, 05:43:30 AM
 #185

I think banks will still remain even many years passed by, banks and crypto have big differences and uses and i doubt if cryptocurrency will replace  banks soon due of crypto is decentralized and banks are not some might reason is people who dont understand crypto will be against to replace banks.
Banks will remain there in this world if there is paper money and that we cannot expect this thing that there will remain no paper currency no matter how common the crypto currencies become in term of usage and investment. The only thing which might happen is that the need of the banks can be reduced as people will then start opting the crypto currencies to invest and keeping their money safe.
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June 09, 2018, 06:14:07 AM
 #186

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?


Banks existed before we had cryptocurrency and nothing could replace it because it is trusted by most of the people nowadays. It is valued though it couldn't provide us the profit that we all want , it is still the best place to store our earnings. Cryptocurrency could still work well with banks.
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June 09, 2018, 06:58:33 AM
 #187

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Banks today are scared of cryptocurrency because it was a threat to their business, if the entire people in the community will be preferring to invest on bitcoins more than placing their money on the banks then they will just lose a huge amount of profit.

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June 09, 2018, 07:11:27 AM
 #188

I do not know about how banks operate in your country but here the service is bad. They charge a lot of unnecessary fees.
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June 09, 2018, 08:12:58 AM
 #189

I have only a few hundred dollars in savings, maybe enough to cover my family's daily needs for a month and I let it freeze in their safe and this I do solely just in case if an emergency attacked my family's economy. However, most of my funds I invested in the form of BTC.
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June 09, 2018, 09:18:54 AM
 #190

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
When we keep our money in the banks the maximum interest rate is within 1% to 1.5% minus the tax. So the increase is almost negligible because of the tax. There are certain types of bank investments with a much higher rate of return but still subject to tax. Moreover,  banks are regulated that is why we need to pay for taxes also. If we compare it to crypto where our potential rate of return is incomparable with the banks. But with a certain risk. So I think, it depends on the person where they want to invest. Banks ate just threatened because people jump into investing to crypto.
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June 09, 2018, 09:30:08 AM
 #191

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I still do not know why they keep talking salty to banks, it does not even pose threats to cryptocurrency, in fact cryptocurrency is the one who made threats for banks. Actually banks are good for the economy of the country unlike cryptocurrency. Banks makes the money of the country circulate so that it can be used in loans and other things that can be beneficial. If we all save money from out wallet at our homes and resisted to save in banks, what will happen is the government will then print money and it can have negative impact to the econom.
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June 09, 2018, 09:46:45 AM
 #192

I think banks will still remain even many years passed by, banks and crypto have big differences and uses and i doubt if cryptocurrency will replace  banks soon due of crypto is decentralized and banks are not some might reason is people who dont understand crypto will be against to replace banks.
There are some rumors that banks are going bankrupt in future just because of bitcoins or other crypto. Believe me this wouldn’t be going to happen. It will never ever happen until and unless bitcoins are just prevailed over the world and every corner of world, we can find bitcoins so easily like fiat money. If this happen, then yes there are news of bankrupting for banks against bitcoins.
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June 09, 2018, 10:14:03 AM
 #193

witnessing occurrence regarding to more appreciation of crypto rather than banks are common in an every other day, and it can be figure out without tough observation, bitcoiner receive a lot of interesting goods when using crypto thats why they more interested with it, but in reality there dissimilarities in good and bad side are based on what method you gonna apply them.

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June 09, 2018, 11:54:28 AM
 #194

I think banks will still remain even many years passed by, banks and crypto have big differences and uses and i doubt if cryptocurrency will replace  banks soon due of crypto is decentralized and banks are not some might reason is people who dont understand crypto will be against to replace banks.
There are some rumors that banks are going bankrupt in future just because of bitcoins or other crypto. Believe me this wouldn’t be going to happen. It will never ever happen until and unless bitcoins are just prevailed over the world and every corner of world, we can find bitcoins so easily like fiat money. If this happen, then yes there are news of bankrupting for banks against bitcoins.
That seems impossible, banks will not go bankrupt just because of the cryptocurrencies or because of bitcoin. Banks can still make money by having fund from the savings and investment of the other type of investor who likes medium type of risk and not high risk like in the cryptocurrency and there is always gonna be the stock market where they can make money by investing or trading stocks.
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June 09, 2018, 12:43:14 PM
 #195

I don't feel bitter about banks because not all of them are the same and the interest they give to the depositor's money is based on what the central bank prevailing interest rate. Many banks provides excellent services to their clients and  they offers also some investments that will give a good profits although it is not high if you compare it to bitcoin investment. Their feeling better might be based on what they experienced with the banks.
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June 09, 2018, 01:18:14 PM
 #196

I myself, feel I will invest some money in cryptocurrency rather than in the bank. because dibank, we only save it without being able to make a profit, and usually the money is often taken for interest.
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June 10, 2018, 09:51:55 AM
 #197

Bank deposit is a last resort if you do not know how to use your cash. Low interest rates, not to mention the bank can declare default or bankruptcy. Should invest in electronics and real estate. It is important to choose the right kind of electronic money and land suitable for your financial capacity. Money should not be to save, so invest in money to be made more.
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June 10, 2018, 09:59:18 AM
 #198

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I do not like banks because they are just giving us a small amount of profit if we are going to place money on them, im not bitter but the truth is that, you will not be rich if you are going to rely on the banks.

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June 10, 2018, 11:21:26 AM
 #199

Thinking of replacing banks with crypto is plausible as both have  different modus operandi. Those who are knowledgeable in blockchain technology can go ahead investing in ICOs.
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June 10, 2018, 11:44:39 AM
 #200

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

actually this is only a comparison and there is no bitterness feeling in banking sectors,definetly its only a normal ways that theres is comparison between banks and crytocurrency in terms of services because they are both investment about the currency monetary fund of the world,so therefore eradicating banks is nothing personal because its only speculation ,otherwise as far as i know they both  have a mutual services towards economic growth.

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June 10, 2018, 11:51:33 AM
 #201

Thinking of replacing banks with crypto is plausible as both have  different modus operandi. Those who are knowledgeable in blockchain technology can go ahead investing in ICOs.


Banks has been our traditional wealth safe keep for the longest time now and that is something we all should be grateful of regardless of the fact that blockchain technology slowly created a name in the industry. Wether banks will be replaced with crypto ,they will always be part of the legendary economic history worldwide and blockchain technology is something we look forward today and the days to come.
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June 10, 2018, 12:05:17 PM
 #202

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yeah that sounds weird to me. they see too much bitcoin as an amazing thing that can be used for anything so they say that the bank will be replaced by bitcoin. actually both have different functions and the bank will not disappear eventhough bitcoin become popular
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June 10, 2018, 12:17:25 PM
 #203

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

First of, what would you expect when you blend into a group of people who were long looking for a revolution in money? Of course this forum is an avenue where the mainstream haters meet.

There is nothing wrong with banks, its just - when you borrow money from them the interests were so damn high, but if you put your money in them, they would use it without giving you a handsome gain.

If you are ok with that, then be it. But us, fuck them! ha ha!
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June 10, 2018, 12:34:05 PM
 #204

unfourtunately the crypto world is filled with too much uneducated fellas which whenever hear something feel the need to spread it without any deeper research and at the end we see such a things
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June 10, 2018, 01:08:53 PM
 #205

Banks and crypto are two different forms and ways, some people choose bank and they are confident to put their money into it even though the interest is small while other choose crypto to gain more profit.
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June 10, 2018, 05:33:45 PM
 #206

Compare to crypto invest in banks have low interest only we got. Because banks have lot of rules and regulations so if we deposit our money into bank the profit will be less. When compared to invest in bitcoin. People want to gain more profit it will be taken from bitcoin investment. So now people bitter to invest in bank. They are ready to invest in bitcoin to gain more profit.
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June 10, 2018, 05:54:04 PM
 #207

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?


Banks will be banks no matter what we think about it. We can't change the fact that banks has been a part of our economy and society for generations. It is trusted by people around us because it is the safest way to keep our savings and earnings. Nothing can replace banks for now.
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June 10, 2018, 06:04:13 PM
 #208

compare banks with cryptocurrency in this forum, because saving in the bank, our money will be reduced to pay the administrative costs. Then we can not control our money.
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June 10, 2018, 06:09:07 PM
 #209

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

They are doing those posts because they are using the crypto currency today. But they really forget that only small portion of the whole humanity does actually know about the bitcoin or are using it really. I mean crypto currency might be known to many people but only fewer % of them are actually using it.

The community people who think that they want t see major change like replacing of the banks with crypto doesn't actually think it from the basic level or they dont really think about it in professional manner. Banks are not easy stuff to handle and its very critical system. Yes I dont understand why people dont get to know that in first place.
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June 10, 2018, 06:20:21 PM
 #210

complicated issues according to one side we have to use banking to save and withdraw our money, on the other hand we really hate the banking system that extorted its customers Undecided
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June 10, 2018, 07:19:08 PM
 #211

cryptocurrency came to market to question the government about the present banking system and so member now framed their own rules in crypto currency and started saving money in the form of crypto asset
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June 10, 2018, 07:49:25 PM
 #212

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

I think they always have the idea that banks will disappear in time because of cryptocurrencies. However, I more so believe in the tendency that banks would someday accept crypctocurrencies because banks are business entities, and surely, they would try to adjust and make their systems work so that they can accommodate cryptocurrencies. That's more practical and believable rather than thinking that most banks will close down.
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June 10, 2018, 09:11:36 PM
 #213

I doubt that people are bitter against banks. People just often say that bitcoin allows us to be our own bank. And I guess after this thought people ask themselves why do we need banks. They get the idea that we can replace them and that we won't need them in a short time. But I don't think bitcoin will replace banks. At least not in the closest future Smiley

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June 10, 2018, 10:19:54 PM
 #214

I do not know about how banks operate in your country but here the service is bad. They charge a lot of unnecessary fees.
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June 10, 2018, 11:31:58 PM
 #215

I am frankly disgusted. A lot of countries economy have been developed and sustained by the banking sector. Now everyone has turned it into a us versus them mentality. I'll make a post about my view on the similarities I think they have but if the bankijng sector accepts crypto, then we are a go!
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June 12, 2018, 04:29:27 AM
 #216

It's all about freedom. I want to manage my own funds myself, and not depend on the bank. Bitcoin gives me this opportunity, while the bank at any time can restrict me access to my funds.
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June 15, 2018, 05:28:44 PM
 #217

Hmmm I don’t really care about the post that comparing bank with bitcoin/crypto.
I’m quite comfortable with the hardware wallet or online wallet that I used before the bitcoin famous and before it got compared with bank.
Everyone have different beliefs about which one is better between bank and bitcoin/crypto.
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June 15, 2018, 05:33:00 PM
 #218

which obviously is a bank where to save money, without expecting profit and we will always be taxable every month.
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June 15, 2018, 05:39:22 PM
 #219

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Bank huh? Hmm it seems the bank isn’t a good place to save money because bank provides only small profit for us. If we save our money in the bank maybe our money selling value will decrease because of the fluctuation of law in every country’s currency.
And if the bank goes bankrupt the money we save cannot be withdrew completely it’s very troublesome thing.
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June 15, 2018, 05:40:56 PM
 #220

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Somehow yes, I am do entirely tired of reading same posts of those people stating their hatred and hard feelings towards banking systems in which they do just always do comparison between the capability of banks on putting up a small amount of profit from a real small percentage of interest that can be gained every year. We must know that when we put up our money into banks, we must not expect that our money can grow up into a larger one because banks are just like establishment secured for storing and saving up your money in which businessman behind these banks do use into business purposes and putting back a little bit of appreciation through interests offered by their services. Also, crypto and banks are a way too far from each other due to the fact that this two are different thing from each other.
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June 15, 2018, 05:50:19 PM
 #221

indeed I also have read several times about posting like this. they always compare between banks with cryptocurrency. I myself, feel I will invest some money in cryptocurrency than in the bank. because dibank, we just save it without being able to have a profit, and usually the money is often taken for interest. different if we invest in cryptocurrency, besides can be saved, in cryptocurrency always get profit, if price of cryptocurrency have gone up from initial price invested.
no matter how we compare them, things will never change that there are sectors and group of people who will just believe in banks, and those who proven how helpful BTC will always fight for BTC, we just stand on what we know at all.
Hahahhaha I agree with you. Why should we be concerned with the comparison? If we keep comparing it would be endless because no one will give up from both sides.
We believe in what we choose better, bank or bitcoin/crypto. With it we will be more confident to run what we believe, the bank or bitcoin/crypto.
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June 15, 2018, 06:07:15 PM
 #222

Banks and crypto are two different forms and ways, some people choose bank and they are confident to put their money into it even though the interest is small while other choose crypto to gain more profit.
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June 15, 2018, 06:49:51 PM
 #223

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Bank huh? Hmm it seems the bank isn’t a good place to save money because bank provides only small profit for us. If we save our money in the bank maybe our money selling value will decrease because of the fluctuation of law in every country’s currency.
And if the bank goes bankrupt the money we save cannot be withdrew completely it’s very troublesome thing.


Banks will not responsible for any other cryptocurrencies because they had the original one country currencies so they will not come to accept cryptocurrencies into a situation but in future it can be changed so because no guarantees are more developing currencies that's why I am saying this.
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June 15, 2018, 07:30:44 PM
 #224

well i am also one of them i do not like banks but i do not want them to completely wipe out from their existence. For me physical currency and virtual currency are both necessary right now. We need the centralized and De-centralized system and make changes to out life. nowadays everyone got a choice which was not available in later time. SO it will trigger everyone and we will get the future currency or a complete new system and a new way of thinking.
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June 15, 2018, 09:11:09 PM
 #225

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I'm not tired of this and I do not think that many people that make those kind of posts are bitter against banks but even if they were, what is wrong with that? The original purpose of banks of facilitating loans and to keep your money secure made sense back in the day, but they took that power to themselves and the world will be noticeable better if their power was limited.
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June 15, 2018, 09:20:39 PM
 #226

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Somehow yes, I am do entirely tired of reading same posts of those people stating their hatred and hard feelings towards banking systems in which they do just always do comparison between the capability of banks on putting up a small amount of profit from a real small percentage of interest that can be gained every year. We must know that when we put up our money into banks, we must not expect that our money can grow up into a larger one because banks are just like establishment secured for storing and saving up your money in which businessman behind these banks do use into business purposes and putting back a little bit of appreciation through interests offered by their services. Also, crypto and banks are a way too far from each other due to the fact that this two are different thing from each other.
The existence of cryptocurrencies is a threat to the existence of banks. Cryptocurrencies have taken from banks a monopoly on the issue of money. It is a war of worldviews and technologies. But the victory will be for the crypt) Cool

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June 15, 2018, 09:26:10 PM
 #227

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Bitterness coming from banks is just normal because they will not earn a huge amount of profit if most of the people will be planning to place their money on cryptocurrency more than on banks which every government are getting their fund and that is how the economy is being affected by cryptocurrency.
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June 15, 2018, 10:19:34 PM
 #228

I can agree that comparing banks and crypts is like comparing horses and cars. Those goals for which banks were once created were long ago out of date. Banks are a technologically obsolete element of a financial system that is long overdue to change.
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June 16, 2018, 12:16:10 PM
 #229

I’m tired of seeing posts that has to do with Bitcoin VS Banks,  it’s an old thing and is boring. No matter how much you choose to be comparing banks and cryptocurrency, one thing for sure is that they will never get to replace banks, banks will still be there and will still be in charge.

By the way, banks are very important and I don’t know why anyone would be worried about them, except that you’re a criminal looking for a way to carry out your activities without being noticed.
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June 16, 2018, 01:54:41 PM
 #230

I’m tired of seeing posts that has to do with Bitcoin VS Banks,  it’s an old thing and is boring. No matter how much you choose to be comparing banks and cryptocurrency, one thing for sure is that they will never get to replace banks, banks will still be there and will still be in charge.

By the way, banks are very important and I don’t know why anyone would be worried about them, except that you’re a criminal looking for a way to carry out your activities without being noticed.
Exactly, the comparison between bitcoin and bank is only for those who are silly and too idle in life, the chance for bitcoin to replace the bank is a zero, we have clearly recognized that bitcoin is a temporary investment, not a guarantee and forever as a bank. And the bank's primary purpose is to provide storage, money transfer and loan services, investing and receiving interest from savings are only secondary services, while the main purpose of investing money into bitcoin is to make money, purpose of both always have a big difference, comparison is meaningless

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June 16, 2018, 01:58:46 PM
 #231

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

We all know that cryptocurrency is more profitable than banks and that is the reason why most of the people are preferring to invest on cryptocurrency more than placing their money on the banks,
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June 16, 2018, 02:20:56 PM
 #232

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Because we can stored our money by converting it to bitcoin that is why they keep comparing bitcoin and banks, beside bitcoin can generate profit by holding it in our wallet while bank use our money to used to gain profit by their own.
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June 16, 2018, 02:44:19 PM
 #233

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Yes It is true, When we save money in the bank, we just keep it without expecting profit. Better to invest in bitcoin, we can expect profit. because it's a very profitable investment.
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June 16, 2018, 03:20:44 PM
 #234

You're right this is so boring. However the role of the bank that serves as a money store is very important in the world of crypto. Some crypto exchange sites have worked closely with banks for customer asset withdrawal services.

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talenah kotang
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June 16, 2018, 05:04:44 PM
 #235

Yes indeed so far many comparing it, in my opinion it is reasonable because bitcoin does provide a better alternative without interest and other cost reduction. indeed in today's bank must be changed .. priority convenience customers.
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June 21, 2018, 03:27:41 AM
 #236

All financial institution have capability to help either to save or to ruin the funds that you have.But setting up your funds in a bank you must gather first the information regarding for the bank that you well gonna use so that you can make sure that your funds well be in a good hand but set your expectation already that might encounter some problems.
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June 21, 2018, 05:37:51 AM
 #237

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Some peoples have experience on banks and cryptocurrency and they compare it. I think they just sharing their experience. Banks always charge us with high fee but not with crypto, we can make peer to peer transaction with faster and cheaper
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June 21, 2018, 05:52:58 AM
 #238

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Some peoples have experience on banks and cryptocurrency and they compare it. I think they just sharing their experience. Banks always charge us with high fee but not with crypto, we can make peer to peer transaction with faster and cheaper
It is not that I am not in favor with banks, I also love the idea of having bank as they were also have an advantage in the people and in the economy, so for me I would love to see bitcoin as growing in fast pace just like banks, but if I were to choose between the service and transactions of course I would prefer cryptocurrency.
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June 21, 2018, 05:55:38 AM
 #239

Cryptos are never going to take banks out of business. That's kind of naive to think. Not only do the majority of people not care about the evils of banks, and don't care about cryptos, but banks control large sums of money, and that money moves the world. They have a lot of power with their decision making, with the decisions politician makes. They can buy up all the crypto and dump them.
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July 08, 2018, 10:14:19 PM
 #240

The banks have two main disadvantages when it comes to the war against cryptocurrency the first one is the tax rate, or in other words, the interest rate involved, the banks only offer you an interest rate of 5 percent per annum however when you come to the cryptocurrency market that margin is given on a daily basis.
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July 08, 2018, 11:30:03 PM
 #241

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

They compare the system arranged by the institution and we pay it with fee or tax ( Bank) and with an independent blockchain system ( crypto ). and it's very different. which people want at this time is a system like blockchain but security warranty will be safe. both have advantages and disadvantages of each
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July 14, 2018, 09:57:36 AM
 #242

The problem with banks is that they are regulated and the more serious problem to them is that they are a product of inflation, then fiat money kept in banks are devalued with time, rarely do they increase invade and are totally dependent  your country's economy which is a risky move to make,


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July 14, 2018, 10:41:08 AM
 #243

Not that much bitter but somehow bitter.
I dunno why but banks nowadays looks so allergic with cryptocurrencies. They are very cautious when money to be deposited or withdrew comes from the cryptocurrency earnings. To bad that they are biased about that.

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July 14, 2018, 11:01:48 AM
 #244

In my own opinion I guess we should not be feel bitter with banks. Bitcoin and banks have a huge difference in, that huge that we should admit that we do still need both of them. I am not saying this because I don't trust or have faith with bitcoin but I am saying this because this is the truth which we need to admit. Well for now what we need to do is to support both of them and pray that some day they will work together so that it will be much better for us.
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July 14, 2018, 11:37:27 AM
 #245

for now investing in the bank, it does not really get so big a profit only a few percents and even then should be in a long time, but there we get a security guarantee that we invest money will not be lost, if we compare it by investing in the currency crypto will certainly have the disadvantages and advantages such as on the side of profit and security that we get
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July 14, 2018, 11:44:44 AM
 #246

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Of course yes. Comparing banks to cryptocurrency is just out of the blue because banks and crypto are of different monetary aspects. I can't just imagine why people compare it.

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July 14, 2018, 03:08:40 PM
 #247

I think banks feel oppressed with the existence of cryptocurrency. They are afraid to be rivaled and that's what's happening now. Some investors withdraw their money at the bank and then invest in cryptocurrency. If banks do not take action change, in the future they will lose the trust of people

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July 24, 2018, 02:36:41 PM
 #248

I had a very bad experience when I was saving my money in my bank account. When is deposit I think 200 dollars, I thought it will stay like that in a week. After a week, I checked my balance if it's still the same. I was shocked because it is all gone. As in 0. My banks savings is empty. I knew it was hacked. I was angry at that moment. I also dont like some other banks because they have an interests and they will charged in your saving and it will be deducted in your savings.

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July 24, 2018, 09:20:13 PM
 #249

Not that much bitter but somehow bitter.
I dunno why but banks nowadays looks so allergic with cryptocurrencies. They are very cautious when money to be deposited or withdrew comes from the cryptocurrency earnings. To bad that they are biased about that.
Right. Banks are very shy when dealing electronically and they are very cautious in this area. However, according to my prediction, electronic money brings a lot of value to people and even when the transaction does not cost a transaction.
The bank is the opposite.
They are looking at every transaction of the user to charge their income.
But electronic money appears
Causing them to lose this lucrative diet. So banks are still shy about this market.

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July 24, 2018, 09:42:23 PM
 #250

Crypto enthusiast also comper crypto and banks services as they are saying crypto are better than the bank, (like from bank to say that bank is better than crypto) people are used to the old system like banks so they can not just let it go and try another good thing.
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July 24, 2018, 09:48:36 PM
 #251

In a statement found that there is no need of a comparison of banks with bitcoin, I don't accept it. If there is no banks, then there is no survival of bitcoin. It exists as an alternative to fulfill things that were not possible with the traditional banking sector. Even now the value is calculated in terms of fiat, maybe when we get chances to make use of bitcoin directly similar to fiat we can say that it is not comparable anymore.
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July 24, 2018, 10:28:56 PM
 #252

Bank has not been in good terms with bitcoin because alot of money  they  are to make is being cut aside and also put t aside of banking alas in people  don't go I to banking all for bitcoin transaction.

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July 24, 2018, 10:49:17 PM
 #253

I still have some capital to send to the bank and see them but it is a cumulative amount, the rest I invest in electronic money.

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July 24, 2018, 10:52:41 PM
 #254

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

Banks are bitter on cryptocurrency because they knew that it was a threat to their business and people will obviously choose to invest on bitcoins or other cryptocurrency more than placing their money on banks.

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