Feeling bitter in banks?

[btcrut2017]

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.

[iv4n]

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.

[ylnar123]

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.

[Idrisu]

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.

[jennygamilo]

Only my opinion , i think yes because bank secure your money , and protect it from bad guys

[Kakawate]

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.

[Nyenyepogi]

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.

[Hell-raiser]

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?

[KenChanYu]

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.

[Labajah]

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.

[Dudeperfect]

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.

[reverseflash]

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?

[marsmyname]

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.

[stellgod]

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.

[Rastafarian]

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.

[jayyen]

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.

[Virtual miner]

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.

[Indai24]

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.

[fianaindriati]

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.

[legenduim]

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.