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Author Topic: Feeling bitter in banks?  (Read 762 times)
sultanali
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July 08, 2018, 10:14:19 PM
 #241

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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Dread Pirate Roberts
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July 08, 2018, 11:30:03 PM
 #242

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
 #243

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
 #244

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
 #245

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
 #246

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
 #247

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
 #248

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
 #249

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
 #250

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
 #251

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
 #252

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
 #253

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
 #254

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
 #255

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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