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Author Topic: Crypto to trigger a global bank run?  (Read 636 times)
Ranly123
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June 12, 2019, 07:48:06 AM
 #81


I think everyday trust toward to the money is rapidly depleted, and people will finally realised how ignorant and gullible they’re to just earn the IOU garbage fake money, do you think crypto will trigger the complete bank run? Or any other delusional store of value that we don’t know yet?

What do you think about bank run? Does this mean people will lose trust on bank because of crypto? I think this will not happen because cryptocurrency needs Fiat money to have value. So in other words, to materialize crypto we need banks to make cash out of cryptocurrency.

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June 12, 2019, 09:14:57 AM
 #82


I think everyday trust toward to the money is rapidly depleted, and people will finally realised how ignorant and gullible they’re to just earn the IOU garbage fake money, do you think crypto will trigger the complete bank run? Or any other delusional store of value that we don’t know yet?

What do you think about bank run? Does this mean people will lose trust on bank because of crypto? I think this will not happen because cryptocurrency needs Fiat money to have value. So in other words, to materialize crypto we need banks to make cash out of cryptocurrency.
I agree. conventional banks will always be there. with the number of employees in it, it will certainly disrupt the economy of a country if it is eliminated. and especially developing countries will object to that

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radjie
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June 19, 2019, 10:16:53 PM
 #83


I think everyday trust toward to the money is rapidly depleted, and people will finally realised how ignorant and gullible they’re to just earn the IOU garbage fake money, do you think crypto will trigger the complete bank run? Or any other delusional store of value that we don’t know yet?

What do you think about bank run? Does this mean people will lose trust on bank because of crypto? I think this will not happen because cryptocurrency needs Fiat money to have value. So in other words, to materialize crypto we need banks to make cash out of cryptocurrency.

yes, both of them have a very important role and will always be side by side because if cryptocurrency cannot be converted to fiat then it will not have very valuable value to date

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leonair
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June 20, 2019, 04:41:45 PM
 #84

Cryptocurrency is not a safe haven for investors or people that are trying to be rich, it's a digital money.

People follow others because they've seen potential growth and I see no reason to hate with that, I'm sure that you are here also because you want to learn more about cryptocurrency because it can affect your financial investment in the future.

Bitcoin wasn't made to destroy banks or other payment platforms though.
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