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Author Topic: big banks going against crypto  (Read 864 times)
Rounaksarkar
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June 10, 2019, 04:41:43 PM
 #41

If I keep money in the bank, then the bank will give me the interest. But the bank will give my money as a loan to anyone else without asking me. That does not bitcoin. There are limited withdrawals and deposits in the bank. But there is no bitcoin that I can withdraw as much as I want. And Bitcoin Security is more than the bank. For which I will keep the money in Bitcoin.!!!!!!!
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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June 10, 2019, 05:33:37 PM
 #42

But there is no bitcoin that I can withdraw as much as I want. And Bitcoin Security is more than the bank. For which I will keep the money in Bitcoin.!!!!!!!
Indeed it is a 3rd party with there own interests on the first place and gaining profits over there customers back. Sure they will fight bitcoin where they can. 

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June 10, 2019, 05:43:54 PM
 #43

what cryptocurrency are you going to use to hold your funds?

Look this:

https://coinmarketcap.com/all/views/all

we have 2225 altcoins, to answer your question, I would ask another question: how many shitcoins are you seeing? I can answer that question, it's more than 80% of shitcoins, so it's not very difficult to choose which crypto is better. In my opinion, bitcoin is the best option

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June 10, 2019, 06:20:47 PM
 #44

I dont suggest you to put all your money on cryptocurrency we all know how volatile it is, but if Im going to suggest you Bitcoin is the best.

As I said above it is not a good idea to put all your money on crypto, you dont know when emergency come to your life that you will need to get the money, what if the price at the time you need money crashed.

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June 10, 2019, 07:29:40 PM
 #45

I dont suggest you to put all your money on cryptocurrency we all know how volatile it is, but if Im going to suggest you Bitcoin is the best.

As I said above it is not a good idea to put all your money on crypto, you dont know when emergency come to your life that you will need to get the money, what if the price at the time you need money crashed.

Haha do you bitcoin is not volatile? Every decentralized cryptocurrencies are volatile in nature, that is what gives the profit for all the traders so we need to utilize that and should not worry about it.

Never think about banks they not worth to stay strong for long years. Soon bitcoin and other cryptos will capture its market.

 
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June 10, 2019, 07:39:23 PM
 #46

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?
well if you ask me what crypto i will hold for long term i will hold bitcoin with over 50% and few percentage of eth and last for the different token.





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June 10, 2019, 10:35:45 PM
 #47

An easy answer. It will always be bitcoin as my first pick and maybe newbies should also think this way.

You could diversify afterwards. There is no need to be in rush.
Reasearch and think of another crypto currency where you want your funds.

ETH is my next option after BTC. But still, a larger proportion will be at BTC. No doubt about that.
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June 10, 2019, 10:37:26 PM
 #48

I like what @dothebeats did, investing more in crypto will seems to profitable at this time than of real assets. It is just to open up our mind and be very resourceful of anything we can do to generate money as a source.

in my opinion, to use all assets for crypto, of course, it is very risky, as well as only a few assets that are used as crypto assets, in my opinion, it is clear that bitcoin is the main choice for crypto assets or altcoins, I suggest binance coins.
Yeah, investing in crypto is risk and we know it since before but somehow we need to be along the risk cause that's the only we can make this things right. Choosing the right coin will be a best solution for not losing our funds and I'm preferred to put my money into top 10 altcoins rather than of seeking into cheap coins.
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June 10, 2019, 10:43:26 PM
 #49

there are many ways to move assets from bank to crypto.  I prefer to buy with a voucher.  then convert in the local exchange.  or you can use PayPal services and others.  I prefer to save assets on BTC or ETH.  both are my top choices.
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June 10, 2019, 11:16:16 PM
 #50

Do I only think that between the title and the contents of this post is not connected?
However, in essence, there are now many people who have diverted their funds to cryptocurrency and banks in the world cannot block it. Maybe there will be many banks that oppose, but can they really stop it? I don't think so, or it's hard to do that. Many people think that saving money in the form of cryptocurrency will be more profitable than in the bank and there are many more benefits that can be obtained.

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June 10, 2019, 11:25:21 PM
 #51

Banks can't fight crypto forever , they will go with the trend eventually and right now they are trying to control crypto space !

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June 10, 2019, 11:27:37 PM
 #52

yes.  traditional banks will be defeated by a decentralized system.  the bank will die.  to convert fiat for crypto is our problem today.  Application services are also limited.  but maybe in some countries you can use bitcoin ATMs.  or we can use other services such as Luno or Coinbase.  in my opinion BTC and ETH are the best investment places until today.

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June 11, 2019, 03:22:05 AM
 #53

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?
No fintech banks will disrupting traditional bank . but, when i want sweep my funds into cryptocurrency, Of course i will sweep into Bitcoin and hold it for along time without doubt anything.

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June 11, 2019, 03:42:20 AM
 #54

I like what @dothebeats did, investing more in crypto will seems to profitable at this time than of real assets. It is just to open up our mind and be very resourceful of anything we can do to generate money as a source.

in my opinion, to use all assets for crypto, of course, it is very risky, as well as only a few assets that are used as crypto assets, in my opinion, it is clear that bitcoin is the main choice for crypto assets or altcoins, I suggest binance coins.
Yeah, investing in crypto is risk and we know it since before but somehow we need to be along the risk cause that's the only we can make this things right. Choosing the right coin will be a best solution for not losing our funds and I'm preferred to put my money into top 10 altcoins rather than of seeking into cheap coins.

To me it is not so much of a risk but more of a matter of getting on board. I believe very strongly and just know that the bitcoin I hold today will be worth much much more in years from now. I want a good life for myself in the future and that is why I keep most of my crypto currency in bitcoin.

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June 11, 2019, 04:47:00 AM
 #55

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?
No fintech banks will disrupting traditional bank . but, when i want sweep my funds into cryptocurrency, Of course i will sweep into Bitcoin and hold it for along time without doubt anything.
For long term investment I'll agree to move my money into BTC but I'll also add ETH  80% for bitcoin and 20% for ethereum, the wait will be
fruitful when another bull will bring everything high, progress and more adoptions will make your investment to grow more while holding this
two specific coins, another year or two for me will be the time frame to see this.
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June 11, 2019, 10:01:57 AM
 #56

this topic is already exist in economics and what's worse is that you just copy pasted it. link: https://bitcointalk.org/index.php?topic=5151905.msg51384404#msg51384404
Mod will most likely delete this thread.

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June 11, 2019, 10:52:18 AM
 #57

But there is no bitcoin that I can withdraw as much as I want. And Bitcoin Security is more than the bank. For which I will keep the money in Bitcoin.!!!!!!!
Indeed it is a 3rd party with there own interests on the first place and gaining profits over there customers back. Sure they will fight bitcoin where they can. 
There is no limit in bitcoin, that's what makes bitcoin always survive from the attacks of big banks. You can withdraw whatever money you want to use Bitcoin, while in banks there are limits to spending and attracting. I think that's also what makes banks hate bitcoin, by the way the bitcoin system will always win in compared to centralization from bank
jossiel
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June 11, 2019, 11:05:31 AM
 #58

Banks can't fight crypto forever , they will go with the trend eventually and right now they are trying to control crypto space !
It's either they adopt and join it or continue be against it. But as long as the money is flowing in to crypto's that will encourage them to get into it. They just can't miss the part of being with one big industry because it can also help their industry grow.

investing more in crypto will seems to profitable at this time than of real assets.
I won't argue on what's more profitable and not but I'll be sure with what I'm investing and can't miss both ends. In short, real assets + crypto combination is an ideal investment.

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June 11, 2019, 11:50:34 AM
 #59

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?


I will definitely use Bitcoin for long term purposes but i dont think banks are against crypto since there are no official statement of them about the issue. Traditional banka seems odd but i know that banks and crypto will get along together in the future since they are both particular with currency and investment.

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June 11, 2019, 03:36:50 PM
 #60

I really don't think i would want to swap all my fiat currency into crypto for the very obvious reason of volatility, yes crypto is given back power to the people to be able to have control of their assets but there are still lots of work to do to bring it to the level where everyone will feel comfortable to store their values with,
I think if at all i will consider this, then i will be chosen one among the stable coin in the market, i can't afford to get my emotions up when btc goes into bearish mode Roll Eyes
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