Feeling bitter in banks?

[Kapee]

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.   

[coinwizard_]

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

[ocid]

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.

[sana54210]

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.

[s0beit]

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.

[BitcoinMarketer39]

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.

[avtonomro]

I do not know about how banks operate in your country but here the service is bad. They charge a lot of unnecessary fees.

[liseff3]

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.

[burnchan]

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.

[Scavagers]

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.

[giarised]

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.

[miltonpogi]

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.

[Sled]

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.

[Rooster101]

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.

[DMCR lah]

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.

[lastnumber]

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.

[rainezerr]

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.

[kenharry]

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.

[alfs75]

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.

[Jaybitcoin2018]

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.