Bitcoins joins the bank

[bitbunnny]

So  i guess as my opinion on bitcoin future will be stable and no coin will take over it.

So whats your insight about this news? What will happen in bitcoin ?

Of that i agree, that no coin can take over Bitcoin because technological revolution and solving 500 years mathematical problem by it doesnt come everyday .
Bitcoin is revolutionary technology seen one in a century.

It will need time to grow tho, and this news about banks, i dont care much about it because they can adopt it fast and well or slow and in bad way (not easy to use) so it will probably needs time also.

Yes, Bitcoin is a new revolutionary technology and in a way started new revolution in finances.
But Bitcoin is not the only cryptocurrency, although for now it's best and no other coin.can achieve the same level of value and adoption.
However, that doesn't mean that will last forever, in theory there is possibility that one day some coin appear that could compete with Bitcoin. But such coin should be much more progressive, based on even better technology and with high potential for huge market value and adoption. However, at the moment I don't see any other coin that could be better than Bitcoin.

[1714902930]

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[1714902930]

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[TheGreatPython]

Even before they did that, they created their own cryptocurrency which is known as the JPM coin. It has been a long time now that they created their own cryptocurrency, and it's a stablecoin. What I am not really sure is whether they already issued the coin to their customers. The last time I checked on their website they said the coin was still a prototype and that they are not yet giving it out to the public, except a few selected special people.

So, I don't know if they are done with their experiment now. They are not the only one that called Bitcoin a scam back then, there were lots of people that called it a scam and now they are investing in it. This way, I am sure many governments may start working with bitcoins for various reasons or at least treating bitcoin as a digital gold. So, bitcoin may replace traditional banking in slow and steadily; yes expect the unexpected.

[schuriken]

I guess they can't really beat Bitcoin.
Just saw on Reddit where
An old article states dated September 13,2017

"bitcoin is a fraud that will blow up, says JP Morgan Boss"

And now May 12,2020
"JP Morgan Extends Banking services to bitcoin exchanges"

I guess if you can't beat 'em join 'em.

So  i guess as my opinion on bitcoin future will be stable and no coin will take over it.

So whats your insight about this news? What will happen in bitcoin ?

i always say time will prove everything.and this is just begining of not just bitcoin but blockchain in world.now every system can see they cant bit bitcoin now they want to join but its to late .i wonder how they going to act to control people again.

[Emitdama]

They always say trash about cryptocurrency, and when the time comes they will still adopt it. A lot of people and big names have said things about Bitcoin that are similar to the same thing that JP Morgan said. JP Morgan even went to the extent of trying to discourage their customers from investing their money in Bitcoin and they told them Bitcoin is the wrong choice for investment.

But, now they are working cryptocurrency exchanges and creating their own. Very funny. I can imagine how those investors that believed them back then would feel right now, because they will not be happy that JP Morgan misled them. How do you tell people to avoid something and then you don't avoid it, and you're making profit from it? Lol, the people you deceived won't be happy with you.

[rodskee]

They always say trash about cryptocurrency, and when the time comes they will still adopt it.

You cannot blame them because they find Bitcoin as Threat to their business so expect negative feeds from them not until they
 finally realized that they need to be join force to bitcoin and Cryptocurrency if they want to stay in business and
to have client still in future before all the people divert in crypto and leave banks.

But, now they are working cryptocurrency exchanges and creating their own. Very funny. I can imagine how those investors thatbelieved them back then would feel right now, because they will not be happy that JP Morgan misled them
. How do you tell people to avoid something and then you don't avoid it, and you're making profit from it? Lol, the people you deceived won't be happy with you.

This is normal after finding how beneficial and revolutionized Cryptocurrency is,not they will be one of the adopters
of crypto that will start the popularization in each part of the world.

Banks cannot deny the fact that they Need Crypto for Future

[Malam90]

This topic by JP Morgan was 2017 when he argued that Bitcoin was a fraud and now he extends his business to connect the bank service with Bitcoin. This proves that any negativity till now about Bitcoin has defeated and Bitcoin is still dominating the crypto as well as world future currency.

[Flickkk]

They always say trash about cryptocurrency, and when the time comes they will still adopt it.

You cannot blame them because they find Bitcoin as Threat to their business so expect negative feeds from them not until they
 finally realized that they need to be join force to bitcoin and Cryptocurrency if they want to stay in business and
to have client still in future before all the people divert in crypto and leave banks.

But, now they are working cryptocurrency exchanges and creating their own. Very funny. I can imagine how those investors thatbelieved them back then would feel right now, because they will not be happy that JP Morgan misled them
. How do you tell people to avoid something and then you don't avoid it, and you're making profit from it? Lol, the people you deceived won't be happy with you.

This is normal after finding how beneficial and revolutionized Cryptocurrency is,not they will be one of the adopters
of crypto that will start the popularization in each part of the world.

Banks cannot deny the fact that they Need Crypto for Future

More techonocratics will put bitcoin priority because of the bank want to make bitcoin drop it's price. More people will believe on bitcoin than fiat . So were gonna expect that the price will up again. And wishes that ethereum will go up proportionally with bitcoin

[Debonaire217]

In our community where we are almost all bitcoin enthusiast, it is easy to say that bitcoin is getting too much popularity but in fact, it is still not that adopted by many, people are still preferring banks and their digital payments. Like for example, try to look at online stores, most of the time, they only accept paypal, or credit cards.

Unless we can see majority of online businesses offering bitcoin as a mode of payment, we cannot claim too much about bitcoin getting over banks and other financial institutions. We still have allot to improve, and allot of services needed to be understood by most of the people.

[giammangiato]

I guess they can't really beat Bitcoin.
Just saw on Reddit where
An old article states dated September 13,2017

"bitcoin is a fraud that will blow up, says JP Morgan Boss"

And now May 12,2020
"JP Morgan Extends Banking services to bitcoin exchanges"

I guess if you can't beat 'em join 'em.

So  i guess as my opinion on bitcoin future will be stable and no coin will take over it.

So whats your insight about this news? What will happen in bitcoin ?

thanks for opening this thread, I am of the opinion that there is currently no real mass adoption and for many bitcoins it is seen as a bubble that will explode sooner or later, but I am noticing that some banks and monetary services such as Revolut and hype are giving the possibility of being able to use cryptocurrencies as a form of payment, for those unfamiliar with hype, is a service of an Italian bank called Banca Sella

[Findingnemo]

Bitcoin is decentralized so it is not going to join with any banks? It just banks accept bitcoin as a form of payment but it doesn't mean they accept decentralization they just trying to make profits but they have hidden agenda towards these kind of words.But the two different statements is a proof why we should never trust anyone with crypto advices.

[divina marine]

"Bitcoin joins the bank". That's eminently,
 as bitcoin has upward trended so far. So
 I don't think banks should be in  any
dilemma to provide services to bitcoin."

[Piston]

This could happen in the near future. I don't see any possibility of that happening anytime soon. Here are some things to keep in mind. Bitcoin has not been recognized by the government of any country yet. If bitcoin is to be added to a bank, it must be approved by the government of a country. Then that country can add bitcoin to their bank. Since no country has yet recognized Bitcoin as their currency, this is often the case.

[BuNga_cute]

I totally agree with the term "if you can't beat them then join them". That's a fact that's happening right now, which is the government
and the bank trying to beat bitcoin. Which results always fail, and in the end some big banks decide to join bitcoin. This one already
conducted by German and Indian banks. Therefore I am sure in the future more and more banks will decide to join bitcoin.

[LogitechMouse]

~
So whats your insight about this news? What will happen in bitcoin ?

I knew it already that this will happen.

They criticized Bitcoin in the past years and many have declared Bitcoin is dead already. These bank owners are spitting shit with Bitcoin and now this pandemic happens and they will support Bitcoin and will use it in their Banking services. I'm happy that they've supported it but I know that this will not last long as I don't trust any banks. They just added it so that they will have some money to use for the pandemic. They added Bitcoin exchanges because the value of dollar is slowly withering already. I don't fucking trust these bank owners who criticized Bitcoin at first then now they are supporting it.

I'm just kinda frustrated with them. I know that this will be a good news for the holders but these are banks who are the greatest enemies of crypto. Most of them are against to it and now they are just supporting it.

[Lizzylove1]

Bitcoin doesn't die reason I wake up happy every day and my wife and my mum ask me "are you not going to look for a new job! I tell them, I already earning from bitcoin revolution from trading to teaching newbies who are enthusiastic about bitcoin and its future. Bitcoin is one of the best thing to have happened to this generation.

[btcinmylife]

Bitcoin will be better and better.

[Flickkk]

Don't link these two completely different things together.

Its jomust pointing out how hypocrits JP can be.
But it is a good news for bitcoin so we are all going to benefit to the improvement of bitcoin alsowith the Bigname of the investor many will trust bitcoin and don't let it just go pop.

[qory]

Will be just an issues only bitcoin join the bank and make many people glad for investing in bitcoin and altcoin?
I think many way try by investor how to make bitcoin and altcoin suddenly on the top price,
then after many investors buy bitcoin they will sell without get confirmation and don't know by any one else
suddenly bitcoin drop and you need waiting get back your money

[Savemore]

~
So whats your insight about this news? What will happen in bitcoin ?

I knew it already that this will happen.

They criticized Bitcoin in the past years and many have declared Bitcoin is dead already. These bank owners are spitting shit with Bitcoin and now this pandemic happens and they will support Bitcoin and will use it in their Banking services. I'm happy that they've supported it but I know that this will not last long as I don't trust any banks. They just added it so that they will have some money to use for the pandemic. They added Bitcoin exchanges because the value of dollar is slowly withering already. I don't fucking trust these bank owners who criticized Bitcoin at first then now they are supporting it.

I'm just kinda frustrated with them. I know that this will be a good news for the holders but these are banks who are the greatest enemies of crypto. Most of them are against to it and now they are just supporting it.

They are now supporting it because the bankers saw the opportunities of accepting cryptocurrencies. In these past years we saw how did they warns the public about making investment with bitcoin and some cryptocurrencies. They keep insisting that it is a bubble or it is a scam so stay away with it.  They are also destroying the image and spreading fake news but now it seems that they are willing to give support to change and upgrade the current system.

The banking system will eventually crash in the neae future if there will be no specific developments, investors and its customers will decrease gradually if it happens and that is why there should be change that they should now do in order to improve their current system and avoid the next crisis. For sure that they will agree that bitcoin and the blockchain technology is what we need in this Information Age.

[pawanjain]

Your title must be the other way around. It should be "Banks join the Bitcoin".

Well I think that bitcoin is here to stay for long since it is the king of cryptocurrencies.
But I am not sure if bitcoin would be chosen as the primary cryptocurrency to be accepted as payment or not because it is just too volatile to be accepted as payment method. To be practical, this generation would never accept a highly volatile cryptocurrency as their choice of payment method.
But yeah I do think that bitcoin will pave the way for better cryptocurrencies to be born.