Crypto vs Banks

[Josh Hutcherson 3]

On 10/15/2019 at 2:10 PM, duncun007 said:

yes banks and crypto are hostile to each other because it is very detrimental to banks for crypto and crypto is very difficult to be accepted by many people because it is digital.

 

 

[Solex 2262]

Both of them are good because they are almost used for thesame purpose but from my own point of view crypto might win in the future since it is more easier to use in accomplishment of transaction between business partners and it is good as store of value not like the fiat stored in banks which always remain on the same value.

[DiamondBit 720]

Both banks and crypto are very important, but banks are still more important, but many people earn from Crypto and this makes crypto inevitable. As for me, I prefer the two but I stop like crypto more though. 

[gourav789 2834]

i think this is really useless to compare Bitcoin with bank's , because bank is safest place to keep our money secure their . 

Nowdays banks also plan to shift on blockchain technology for transcation purpose , this is really great thing if this is happen .

[Naylor89 1223]

The decentralization is one of the best thing I want. For me there is high possibility that the in the coming future the revolution of cryptocurrencies will come at hand and be available around the globe. I am sure Banks will provide cryptocurrency exchange services, as well as perform other operations with cryptocurrency if it is beneficial to them.

[age7397 704]

It seems to me that after all, the cryptocurrency will win, but this victory will not be quick and not easy, you know why ...

[Whited35 15285]

4 hours ago, age7397 said:

It seems to me that after all, the cryptocurrency will win, but this victory will not be quick and not easy, you know why

Cryptocurrency is not in the mainstream adoption trend yet in this world because so many countries are still banning cryptocurrencies. Banks are afraid of due to its high price volatility and decentralized nature. Cryptocurrency is created to give full financial freedoms to people but banks are famous to freeze one's account by showing some reasons.

[koussai999 1986]

I think that it is indeed one of the great and beneficial features of the cryptocurrencies that you can keep them in complete security and away from the banks that can change their policy towards you at every moment. But if you have bitcoins, you can make absolute use of them at any time you like.

[Mikeeee 220]

As o this time we are facing a pandemic and some banks are not really different in crypto because some banks prefer its costumer to do online banking to avoid any social contact. Right now I was able to notice that the crypto and bank are actually the same in terms of accessing but in terms of security I would still prefer crypto because you can manage and check your own money with your own eyes and you are not having doubts everyday since you know to yourself that you secure it very well.

[Guru2050 8284]

In this dynamic world of technological era, the digital Crypto currencies system which possesses much more interesting, exceptional and unique features that are incomparable to fiat currency system will WIN the race. Because it's not like fiat currency that government and banks has powers over, can control it and impose tax. Crypto is decentralized in nature, anonymous, smart and fastest means of making transactions.

[Zafarwaheed 0]

ForAs from my point of view there will be problem between bank and the cryptotalk world.the trading of Bitcoin is done with the help of banks. But I think in future the banks will accept this forum and the technical vision the crypto currency.

[Fixfin 2569]

From what it seem lately some ex Bitcoin good people are glad to sell out everything and their ideology and now founded their own back over there at Kraken. It was fake of course since their exchange was all about the price but making a bank while you were talking against them all this time is not very nice approach.

[Jaafar Fahad Hassan 114]

Cryptocurrency is managed by yourself , you see the level of your account everyday,it individual management, unlike bank , a bank is managed by group of individuals that are laid through your little funds, they work and get paid through you that make a savings in the bank, so this is very clear that crypto is far prepared over bank

[Mosab73 333]

The owners of global banks will not easily surrender to the control of cryptocurrency banks over money in the world. Therefore, managers of global banks, and those behind them global governments, in my opinion, will take one of the two options. Either war with cryptocurrency banks, which is a lost option in the long term, or they will take the second option, which is to find a joint formula for cooperation with banks.  Cryptocurrencies to drive the wheel of the global economy

[Irungu 4299]

Crypto currency has worked really hard to change the world of exchange and its important for us to to try to work in so many different ways so its important to really be sure that we work in so ways we do it.

When we are really looking for a way to trade in this market without making any problem that can produce lots of problem, this is one of the best places to earn some from , banks have still the upper hand and are not letting go so its important that we have something that rattles them , crypto has not done the job yet but its heading there.

[tienda 8776]

Actually there is a war between Cryptocurrency and Banks, because of the cryptocurrency popularity the banks invent anything or any false news about it to try reduce his popularity, because crypto is more profitable than holding money in banks....to 

[AnjsChikitoRoy 2]

Bitcoin can also be exchanged for conventional currencies, such as the United States dollar, the euro, the yen, and the yuan.
 Therefore, Bitcoin is a currency or a form of money, and investors eager to invest in BTCST made an investment with money.

[percare 3192]

This war is over and banks have recognized the importance of cryptocurrencies. They tried to create their own but they failed and now they joined and bought a lot of cryptocurrencies as Bitcoin and Ethereum and they try to find ways of profiting with these. Banks will probably become a big part of holding cryptocurrencies and will be close to Grayscale maybe even bigger.

[satoshifactory 295]

On 10/15/2019 at 9:10 AM, 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?

 

This war is going to be won by new technologies and the blockchain.
Undoubtedly, the traditional financial system is obsolete and must necessarily change, there is too much inequality in the world, people without the option of credit or banking and this cannot continue like this.
That is why I see it very important to promote the worship of cryptocurrencies for everyone

[Gluttony 1775]

When there is a war between crypto and banks, you could always change them into decentralized system which is the crypto currency and centralized system which is the financial sector and banks are an example of it. I personally think that crypto currency would be the one who will last between the two since we are emerging to another phase of industrialization where we would need to adapt to the concept of convenience. We would be going to seek for constant convenience and everything would  be using technology to the point that even manpower would be replace by technology. This is the reason why I think the fiat currency would not last but the banks would be able to change its perspective and use crypto currency instead as their mode of transaction to the people.

[basel23 1722]

Certainly, this war continues between users of cryptocurrencies and central banks that are supported by governments.

It is difficult to predict who will win in the end. But governments are always trying to fight anything related to crypto and cryptocurrencies because they want to stay in control of the economy.

[lyudkic3008 30]

I think that at the moment many people want to invest in cryptocurrency rather than in banks. 

[smsprocs 11]

Cryptocurrency is not an alternative to the banking system, but an add-on that expands the functionality.

[pro100craft5 23]

Most people would prefer banks because this is default solution on investing your money, but I can see a major potential in crypto investments and hopefully people will involve into it in the future

[vkuzm 41]

Well banks can say anything, but bitcoin is actually hold price just by ppl who believe in future of cryptocurrency