Bitcoins joins the bank

[Sanugarid]

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

I cannot clearly understand but I think I get your point though.

What will be the issue about these bitcoin investing is that unlike gold, the only thing you could do to steal it is by robbing a bank on which different case with bitcoin. You see even with the monthly maintenance and security check up of exchanges ( not far in bank by category ) they are steal prone to hacking and data breaching incident. I think the security will still be an issue even after a bank holds your bitcoin if ever, well of course aside from the volatility of it but that would be a risk by the investor to get into, not by letting bank hold their bitcoin.

[coinfinger]

They can't stop Bitcoin, the best they can do is to say trash about it and try to discourage people. But it doesn't work, as time goes on people will come to learn that what they were being told are lies and not the truth. And when the right time comes, they will all still join the cryptocurrency community. The cryptocurrency community has been growing and the level of the market back then is not the level it is now, it has gotten to a bigger level and I'm still looking forward to more growth and improvement and that will surely come.

I strongly believe that from now to next year the market will be taking a big move and that will make more high profile people and financial institutions will be joining with bitcoins. With upcoming bull run, bitcoin will do lots of miracles as it is probably going to have 6 digits of value which must be more than enough to convince anyone to adopt bitcoins.

[lyka]

Bitcoin and banks are incompatible. But not because bitcoin bears competition, it is free and so on. Banks need it, just because it does not bear competition. Bitcoin has many limitations (speed, scalability, and others). Therefore, it is beneficial for banks to keep it solely as a standard, the motto of the currency for the crypto world, like a dollar.
However, this relationship is not forever.

[verita1]

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 guess if you can't beat 'em join' em.
It is a very evident reason.
I maintain the faith that BTCitcoin has resisted and will forever be with others. Today I am satisfied how bitcoin is being used.
According to my point of view, people like to invest in Bitcoin because they can have many benefits, ROI, Bitcoin is more accepted in several e-commerce stores.

Today we see how Bitcoin is gaining popularity, not only can you have it in your wallet, it can be used for loans, earn interest and more. I feel safe with Bitcoin when I want to exchange it for FIAT, immediately I can have my local currency in my bank account.

[rathaha10]

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 ?

It's a sure fact now that bitcoin is here to stay and it's getting stronger everyday and even the people against it's vision are beginning to accept that fact now. Every smart investor and business is trying to get a stake in bitcoin amd other cryptocurrencies so I'm not surprised jp morgan just got his through extending his banking services

[alquinte]

I'm sure that bitcoin will stick around for a while. I'm even more certain that other coins will come out that will be close to beating bitcoin like etherium.
But to be honest, I believe that Bitcoin will still stay on the top. At least for now.

[Nhor1011]

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 ?

If banks will extends a banking service to bitcoin exchange it will be good. More and more people will use bitcoin and it will become more useful in the future. For now there is no other coin that can take over bitcoin but in the future we can't tell if there is another valuable coin exist in crypto market which  are able to take over bitcoin.

[Swordsoffreedom]

An old article states dated September 13,2017
"bitcoin is a fraud that will blow up, says JP Morgan Boss"

Actually It's not Morgan, it's Jamie Dimon who told that BTC is a fraud.
If something completely new ever catches everyone's eye, there will always be some people against it, Jamie Dimon was one of them. I can remember the bullshit statement of Jamie Dimon, CEO of "JPMorgan Chase and Co", who said that BTC is a fraud. But the hilarious thing is that JPMorgan's attempt to build their own web cash in 2013 and claimed that they will make Bitcoin's alternative, but they were rejected and failed to launch their web cash. 
it's looks like "grapes are sour" 

[hulla]

An old article states dated September 13,2017
"bitcoin is a fraud that will blow up, says JP Morgan Boss"

Actually It's not Morgan, it's Jamie Dimon who told that BTC is a fraud.

Jamie Dimon might be the one that make the statement but when a CEO of a company said something he's automatically talking for the company.

JPMorgan's attempt to build their own web cash in 2013 and claimed that they will make Bitcoin's alternative, but they were rejected and failed to launch their web cash. 

Jamie Dimon is just like others (CSW, McAfee etc) who want to cause FUD in the market for their own selfish reason.

[htsy585]

To be honest, i feel like this is just the beginning and with each day to come, more and more people will be getting to know more about bitcoin and even those that knows about it and still skeptical about it's vision will eventually realize one day that cryptocurrency and blockchain holds the key to the future as centralized systems are getting more and more complicated with each day. The difference between jp morgans tweet of years back and that of this year clearly shows that bitcoin has proven to him to be more than what it really assumed it to be

[peterurb]

I don't think, that it will join in some big way. Crypto is extremely volatile and only few % of their money to Bitcoin and they can even rise price even by a few hundred USD. But I am sure, that they will buy or make some ETFs and they are now very interesting even for institutional investors, cause it is hard for them to buy real BTC.

[Mpamaegbu]

your title doesn't make any sense. bitcoin didn't join anything, it is as it has always been. it is the banks that are now slowly changing their stance because they have realized their FUD didn't go anywhere or do anything.

I think it's just a matter of semantics. But of course, the import of the OP is well understood. The crazy "bubble" theory against Bitcoin was everywhere in 2017 and that did scare a lot of noobs. I was a noob then too. Now we all know they were just fudding to keep their business afloat against their perceived threat from Bitcoin.

It's a case of other businesses wooing Bitcoin now as the most desired Bride.

[Traderbtcc]

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

Maybe at first he thought bitcoin was gonna die in the long run, buh lo and behold it's still standing strong and even much better in terms of price, liquidity and usage compared to back then in 2017,I still think they are greater heights for bitcoin to attain, I believe very soon it will be widely used and accepted all over the world, although payments using bitcoin has increased  drastically over these few years.
Am still counting on bitcoin to beat the $20k mark record that was set in December 2017,lets see how the next few months will go,i still believe its going to cross $20k mark.

[cheezcarls]

Banks can’t afford to take Bitcoin down. It is why some banks have decided to embrace and welcome cryptocurrencies in open arms to their system.

Like in the Philippines, Unionbank was the first-ever bank with a cryptocurrency ATM that is regulated by the Bangko Sentral ng Pilipinas (BSP). On top of that, more virtual currency exchangers (VCEs) are approved and licensed to operate by the BSP and CEZA (Cagayan Economic Zone Authority).

I’m also glad that JP Morgan is also doing the same to join us after their CEO blasted Bitcoin or cryptocurrencies as scams. Slowly but surely, banks are gonna transition and integrate cryptocurrencies in their financial ecosystem.

[greenvie99]

JPMorgan, PayPal. who will be the next??

They were against Bitcoin and now they joined it. it looks ridiculous and absurdly, because all their statements are stored in history.

When I saw these news I was even a little angry. Of course, we can say that people can change their minds, but they called Bitcoin fraud and thin air, and now what? nah?

[whyrqa]

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 don't see it likely to happen anytime soon. Since it has not yet gone under any government. Many countries around the world have not yet recognized it. So joining Bitcoin the bank is still a long way off.

However, many countries haven't recognized bitcoin yet, but I'm sure when bitcoin will become a currency that can be used in all countries. Because now we cannot deny that bitcoin has entered remote villages in many countries

No country and no government can resist the global and market trends. High technologies are being introduced by all the leading industries and businesses, while people themselves choose In which direction they should move. Based on this, as it were, earlier, governments, as well as various companies or banking institutions, did not express a negative about cryptocurrency, today, or in the near future they will have no choice but to accept cryptocurrency and not only cooperate with cryptocurrency users, but also introduce it for state and international use.

[Bitcoinislife09]

There are a lot of people requesting having a bitcoin bank today but I think it is not most in demand for now while we have crisis let's start before the crisis there are a lot of people requesting to have a bitcoin bank because they want to make sure all of their funds are secured with the help of this kind of bitcoin banks but still the government on the different places must need to have a lot of research and actions before they do this kind of request also for the government does not entertain this kind of transactions because does not have to get any earnings with the use of the bitcoins also it is hard to earn if the coin is generalized.

Today it is hard to be implemented this kind of banking system because of this pandemic outbreak coronavirus but still, there is a chance because most of the efficient way as a payment method today is with the use of the online transaction which bitcoin is included.

Having a bitcoin bank here in the Philippines is really good. In other countries there are many banks allowed for cryptocurrencies. But here in the Philippines the only bitcoin bank that I know is in Makati. Many people are really wanting to have a bitcoin bank today because of the pandemic. Many hackers and scammers are getting out so they want to make sure that their money is safe and secured and that would be possible if there is a bitcoin bank available to check the balance. Bitcoin transactions will also be more accessible if bitcoin bank is present. But for now I think it is much difficult because only few people believes in bitcoin here in the Philippines. Due to news many think that bitcoin is just a scam and they wom't get any benefit from it.

[bearexin]

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"

Bitcoin was still new at the time, and they all thought that it was another type of a ponzi scheme and would be used to scam people. They all tried to stop many people from buying Bitcoin and now they have watched the same cryptocurrency grow from 2008 to now and still going hard. They are now the ones that are trying to look for means to be part of the movement. Even influencers that were hating on Bitcoin, some of them can’t come out openly to agree that bitcoin is not a scam. They are now investing in Bitcoin secretly. Funny set of people lol.

Now we all know they were just fudding to keep their business afloat against their perceived threat from Bitcoin.

That must be the power of bitcoins as it has proved its strength to its haters over the times. I guess this kind of trend will spread all over all the other concerns and individuals as well. This way I am expecting bitcoin to be a mainstream of payment system in real time soon. We may not banks to adopt bitcoin as people will start using bitcoins as their preferred banking system.

[bitbunnny]

I also believe that sooner or later banks will offer Bitcoin related services to their clients, like Bitcoin accounts, credit cards or loans. However, that will not happen over night and although sime banks are testing Bitcoin and cryptocurrencies in general that is still far from implementation in reality
One of the big obstacles for incorporating Bitcoin into banks is regulation or better to say the lack of it and also relatively small number of interested clients. We have to be honest and say that still small number of people around the world is using Bitcoin and banks are interested in high profit. So, to.offer some service it has to be profitable and with crypto that is not so easy to achieve. There are also volatility, high risk and similar so I don't think we will see classic Bitcoin banks soon.

[carlisle1]

Now J.P. Morgan is trying to implement Bitcoin into their system and other banks may follow, since J.P. Morgan is one of the best in this field. So they provide a great service and make Bitcoin more popular and necessary.

Bitcoin us already Popular and many people have known about the Name,But the problem is how can we lure these people to Enter and invest in cryptocurrency.because of many scamming and FUD's that going around this market and this Pushes people to Invest even with small amount inside things that they really regret when the Halving effect comes this year or the Next though there is no Blaming because it is their money that will be at stake and not ours.