Crypto vs Banks

[ShiNorton 906]

Banks are imposing  the new regulations against cryptocurrency  due to price volatility  in the cryptocurrency  markets.  They also want to see source of fund is clean but if customers are depositing  a large sum then bank face tough situation to verify the source of findings. 

[makcim4 1305]

Хранить деньги в банках во время кризиса небезопасно, но я не знаю, как хранить безопасные инструменты в криптовалюте. Я считаю, что инвестиционные деньги нужно распределить в процентах, чтобы сэкономить.

[Jaafar Fahad Hassan 114]

4 hours ago, Dorjoy12 said:

@Jaafar Fahad Hassan dont just think the positive effect of crypto because in crypto your funds can get vanish any time by the scammer.. While if you store your funds in bank then no matter is the bank get Hacked or what but you Will still received your funds from the Govt while tax is not a big problem i think .. Both site has risk and now its depend on your skill..               

That's true, I never thought of the negative side of cryptocurrency, now you have enlighten me, truly your funds are more secure in banks ,maintained and secured by others with lot of skills, but when your cryptocurrency is with you then there is lot of risk in maintaining it

[iwansh 13]

Some believe the government has supernatural powers like Superman
It can deter and eliminate cryptocurrencies
But it is impossible and will continue to deal with Bitcoin even if it is rejected by the worker
Because there are pirates, drug dealers and criminals who will use it anyway
It's like John Wick and the currency they are dealing with

[Poezdec 1]

FIAT money is important, I agree that banks and government should not attack bitcoins or cryptocurrencies on the grounds that this is a war they will always lose. They are afraid because they live off the debt they cause from people, this is their method of control, with bitcoins and cryptocurrencies there will be no more control.
In any case, cryptocurrencies are the future of humanity, I believe.

[1cactus1 21]

Decentralized and unified frameworks are complely unique. Bitcoin exchanges goes to records and squares before at last sent to target client and will be straightforward after enlisting to blockchain network. Banks are a greater amount of direct store and withdrawals with the client as the administrator and approaches his record.

[crysoul 12]

Crypto and banking are very different things. A Bank is a safe place to store our money, and a crypto wallet is your own Bank. We can use our crypto wallet as our own private Bank. In the future, we can buy everything using our bitcoin. Thus, our crypto wallet is our own private Bank.

[sarahmoses202020 251]

On 10/15/2019 at 10:27 AM, Kingjames said:

There is no competition between crypto and bank though, but without any argument crypto is ahead of bank, because crypto will increase you if you invest in a right way, but bank will not increase you except you buy some share and fixed deposit, and the interest is very low compare to crypto. One can earn triple of what he or she invest in crypto within a short period of time, but in bank there is nothing like that.

Well I think that both crypto and bans would benefit from crypto currencies. No one will kill the other as they would be used side by side. People may make profits in crypto and will withdraw through fiat. It is not going to be possible for crypto to replace fiat.

[byeibo 17]

Crypto

[gotitgotitgotit1 11]

I prefer crypto. I am using banks for my daily costs but I keep most of my savings in cryptocurrency. It gives me opportunity to invest my money safely and generate much more bigger profits than in bank. I think that in a few years cryptomarket will become much bigger, maybe even bigger than our banking system. WE should be ready for our future.

[blackterz 21]

Hi. Solemnly, crypto. Safer, easier and without any protocol from where you get the money. Without a doubt, the best option, Crypto

[Joli72 18]

With the advancement of the economy, technology and science, Bitcoin and the other cryptocurrencies in general will be replacing the currencies that exist today and banks will obviously be affected and lose a lot.

[Joli7 25]

I believe that banks will decline over the years and the appearance of more cryptocurrencies since they allow users greater financial freedom and security with their savings by each having their own electronic wallet.

[Mahmoud Sabry 15]

In my opinion bank is the good also the benifet is low but is stable unlike crypto high benifet but unstable. 

[maho06 154]

Cryptocurrencies contain a great technology with much better possibilities than banking systems, they can be traded 24 hours a day. They are in a much better place with lower transaction fees in terms of commission. Cryptocurrencies are the investment of the future

[Cryptic 0]

There is still concerned about crypto, yeah it gives us so much security to the point that it the transactions couldn't tampered but the major concern is if someone did a criminal act then it is hard to trace since blockchain gives it user anonymity and it is prone to money laundering compared to bank that has KYC policy which prevents any bad doings. I think if this concerned will resolved then I think the crypto will win.

[Bond07 166]

Banks require so many charges from us for our deposited money but we don't need to pay any extra charges while holding our assets in crypto . it is just a single example agianst bank. i am sure crypto will win.

[Rigamer 91]

This topic is interesting. I am 19 years old and I live in South America. I don't have a bank account, I use 100% crypto to do my shopping and other things. And I think it's a good alternative

[Marketnes 201]

On 10/15/2019 at 3:10 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?

 

I'm not a guess, but this is here to stay, it's not about who wins, but about which system we get the best out of, cryptocurrencies are obviously better in my opinion for their easy use that is growing and less taxes.

[danielbrage 17]

en mi opinion creo que ambos van a seguir conviviendo por un largo tiempo.

los sistemas descecntralizados no favorecen a los gobiernos dado que no pueden controlar tu capital, y de esa forma se les complica recaudar impuestos

 

[No_Regrets 29]

The  safest storage space under the mattress, but seriously, everywhere a little bit, do not store everything in one place.)

[hasaan 289]

The bank is the main backbone of any economy system, also the crytpo is  the leading financial technology of the new era. I think there is no competition between banks and the crypto, instead they can help each other in order to bring a new revolution. 

[David0 16]

This war is something different than others.

Though both are very important in our life,,crypto is more useful than bank. It has so many extra ability that is going to make crypto won in this war

[Chrenova 182]

Crises are opportunities too. In 2008 we realized that we need our money not to be in the hands of the banks, they have to be in the power of ourselves, and that is what the world of cryptos brings. We own the transactions and our currencies, and the investments and the risks that this carries. Clearly traditional economists are finding all of this because they are simply going to lose control over us when the whole world embraces crypto as primary finance. I don't know if in 10 or 15 more years maybe the adoption of cryptos will be worldwide, I hope it will be in less time, but I think we are going to win, and I hope we are better people, greetings

[Zigor 49]

Cryptocurrency users have a lot of points going for them compared to people using conventional banking services.