Crypto vs Banks

[Oxygen 1004]

I think both will joint hands and do the work alongside with each other. As today i have read a news about a bank which is starting to accept, buy/sell crypto currencies. If this happens then we can expect that in near future both will work joint and can do a great change in economy.

[dala 1]

governments could at present crack down on bitcoin by prohibiting sites for trades or boycott applications that assist you with purchasing bitcoin, he thing is in any event, when you need to purchase bitcoin you need to utilize your BANK account

[teminalibug 309]

26 minutes ago, hamza1 said:

in other words, beyond the control of banks and is not supported by the central government.

The entities that prevent this access are the bank and its applicants.

when you lose in crypto you are own your own but for banks they pays back

But still the banks imposes high taxes and some banks even monthly fees, i think crypto is worthy the risk of losing your money by accident.

[Oxygen 1004]

I think both will joint hands and do the work alongside with each other. As today i have read a news about a bank which is starting to accept, buy/sell crypto currencies. If this happens then we can expect that in near future both will work joint and can do a great change in economy.

[Sumayya 493]

On 1/27/2020 at 7:22 PM, FrenchFry said:

When it comes to saving my hard-earned money, I will have to choose banks instead of a bitcoin wallet, but, of course, I will make sure that there is some bitcoin in my btc wallet that I am going to withdraw in 10 years, I will use for the future of their children, and for me to build a new home for my family.

But you haven't explained why you will choose the bank over bitcoin

[ayatoslaw 858]

Banks and Cryptocurrency need each other, there is no reason for them to defeat each other,
cryptocurrency cannot develop without banks, because banks are a tool to exchange cryptos to FIAT
and the Bank is not impossible to use a decentralized system, and we know that a decentralized system is needed so that economic freedom can be had by everyone.

[guatazoo 7150]

41 minutes ago, Muhammad Muqadas said:

Both of these have the same important in there field we can not say this is good and that is not and that is good and this is not

they do not have the same importance, but in crypto there is financial freedom, on banks there is not.

Edited January 29, 2020 by guatazoo

[shafi123 187]

I think bank is the best then in which our amount save and secure and in crypto their is a danger of steal from hackers and scams.

[Muskan7816 175]

Banks will continue to operate with Bitcoin until finally we want banks to make Bitcoin cash unless there is another option. Needless to say they are going to have an extended war against crypto banks

[Roomi 1119]

Banks are afraid of bitcoin just because of its growing popularity and adoption. It is better for banks not to do a war with bitcoin or crypto currencies, instead they can join hands with bitcoin and work togethet. It will help both of them, even banks business will rise more and also their popularity will not become a question in future.

[Naylor89 1223]

All of the major characteristics of crypto are the opposite of the banks such as decentralization, low transaction fees, control over the monetary system, etc. Crypto is their number one nemesis.

[mehek380 333]

Right now I don't think any of the oppositions will win or lose. I am saying this because,crypto is popular among many people who are connected with the tech world. But most of the people who are not connected with the tech world have a trust in banks. Different people have different choices and opinions.

[Dolpharius 675]

3 minutes ago, gordoncrypto said:

I'm hearing conflicting news about where India's government stands with BTC. But, knowing the ploys they have used with requiring all previous cash to be entered into banks for credit to new funds, I can't see them wanting citizens to have free access to crypto funds.

Yes, these are the classic actions of the government, since it is not beneficial for him to see people on the street who alternatively think and earn money, they can temporarily hinder this, only temporarily.

[Dolpharius 675]

16 minutes ago, hanbio said:

There is not any competition between crypto and financial institution in spite of the fact that, however with none rivalry crypto is in advance of financial institution, for the reason that crypto will increment you in case you contribute in a right way, but bank will no longer increment you but you buy a few proportion and settled keep, and the intrigued is fairly moo examine to crypto. One can advantage triple of what she or he make contributions in crypto interior a short time frame, but in financial institution there's not anything like that.

do not forget that in cryptocurrency it is also possible to get three times less money if the selected asset is not bought on time, in this case the bank asset is more stable, but I’m for cryptocurrency, I just noticed.

[Dolpharius 675]

13 minutes ago, jitu123321 said:

Bank are get created by people and govt by showing some security and ROI to people but one thing you can get from cryptocurrency is more security and more return so now intelligent people are turning toward crypto

Yes, it’s logical since it’s the technology of the future and evolutionarily it should be better from all sides - which in fact is.

[Jesoy 1342]

Banks were gonna win. I mean there is no exact chance that cryptos will be legalized. Unlike banks, they're really legal and used by many. Cryptos future is not yet clear tho. It may fade or it may not.

[Dolpharius 675]

6 minutes ago, truser said:

Governments can also nevertheless come down difficult on bitcoin by using forbidding websites for trades or boycott apps that help you purchase bitcoin, he element is indeed when you need to buy bitcoin you've got to make use of your BANK account...

these are government problems and on them all those who previously criticized bitcoin - the curse of Satoshi Nakamoto will be imposed - they will have difficulties in understanding how the blockchain works and the material will not be assimilated - they will stupid these banksters.

[Dolpharius 675]

2 minutes ago, doorle said:

Their could be a protracted warfare in opposition to crypto bank it really is for beyond any doubt, but what I sense is banks will embrace techniques to run with bitcoin as at final for cashing out bitcoin we require banks until unless some other manner is obtained.

these state idiots, it makes no sense for them to fight — now another time — your competitor must be a partner and all parties can survive in the market and over time people will make their own choice.

[Amirul Islam 382]

On 10/15/2019 at 1:10 PM, duncun007 said:

Ever since the financial crisis 2008 people became aware that their money isnt safe at banks and so are their investments, bitcoin emerged as a savior and an alternative that might eventually replace banks, (fast-forward thru the parts where bitcoin price went from .01$ to 20k)  I've heard too many mainstream economists saying bitcoin isnt going to last and no sane government would accept it because simply we dont know who controls it.

my question is in this ongoing war between bitcoin and banks who is going to win and why?

 

I think this the starting level of bitcoin. In this war bitcoin will win. Because bitcoin has the power and a big community. People also believe future currency will be online currency. And that is crypto.

[Tasrif Hossain 271]

In my opinion, securitization of banks is about making money in cryptocurrency, but in this case you must understand that you are actually putting your money in cryptocurrency in a walletYou must keep most of the items available for offline or save you money for the bank.

[dewita 12]

bitcoin is a digital currency that might influence banks if many banks support bitcoin then bitcoin will rapidly increase in price
 

[Ufra 197]

Cryptocurrency can give rightsto the people to share your money as like Facebook. It is a global village for money.

[Sakila 5]

But unfortunately Bitcoin does require big capital to participate in the auction. Bitcoin at auction must be different than buying Bitcoin on the Exchange site. It will be available at Bitcoin Auction

[Lubruselu 2803]

1 hour ago, Shahrukh hassan Sourov said:

At the same time we have to pay the taxes and fees we pay with our fiat money. For better or worse, it is as good as it is now. If banks are involved in blockchain technology, things will be different

Cryptocurrencies they have the limited supply, so if banks will adopt cryptocurrencies payments, and because banks have many customers, then all crypto's will be owned by banks

[aymandr 206]

I think banks will turn to digital currencies.