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Author Topic: Crypto to trigger a global bank run?  (Read 663 times)
radjie
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June 19, 2019, 10:16:53 PM
 #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.

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
 #82

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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September 21, 2019, 10:22:34 AM
 #83

Cryptocurrency with banks will not do anything. But banks with cryptocurrency can do anything. As we can see everything goes to the regulation of cryptocurrency and if this happens banks will win.

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September 21, 2019, 08:59:55 PM
 #84

The banking system exists because everything in the world is subject to commodity-money relations. The USA share in world trade dominates, although China is now actively competing with them in global markets, which is why cryptocurrency as a digital currency may well be in demand by the world banking system to remove the dominance and dictates of a single country.

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September 22, 2019, 07:35:23 AM
 #85

You don't necessary need banks to cash out the money from cryptocurrencies, there are some other ways.
But with saying that you adnitted in a way that we still can't live without banks or to be more precise without fiat money.
Sox banks will not disappear, they will continue to run their business. And even with or without cryptocurrencies people have in great deal lost trust in banks but they still use their services because they don't have much choice.
Cryptocurrency are not the full alternative for fiat money and banks.

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September 22, 2019, 10:23:54 AM
 #86

Banks are the building block of the society and nothing can actually replace them , the whole System is dependent on it one way or another.
How do you think you will sell or buy cryptocurrencies online without Banks Huh
They could be a new form of investment but they are not stable nor global..
I think they cannot take over banks



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September 22, 2019, 03:00:29 PM
 #87

Banks are the building block of the society and nothing can actually replace them , the whole System is dependent on it one way or another.
How do you think you will sell or buy cryptocurrencies online without Banks Huh
They could be a new form of investment but they are not stable nor global..
I think they cannot take over banks
Despite everything, the cryptocurrency does not yet have the status of a legal currency throughout the world.  This process is just beginning and some countries are already starting to work with cryptocurrency or even create their own national cryptocurrency.  One way or another, the banking system in any form will cooperate with the cryptocurrency market, and also use the blockchain, which is already very often implemented by many banks.  Based on this, it is impossible to separate cryptocurrency, fiat currencies and the banking system, because they will still work in tandem, each in their own field of activity.

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