Crypto vs Banks

[deepown 0]

I prefer crypto currency especially after the start of stable coins, there is no need for Banks anymore.

[Fadimah 191]

Both parties will exist for quite some time. We still use banks right now to convert our coins to money. So they depend on each other.

[Luciferludz 1442]

On 2/4/2020 at 5:40 PM, Lubruselu said:

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

Cryptocurrencies have the limited supply but they are always created new cryptocurrencies, so that's in the future crypto's might be many than fiat currencies

[Amir YT 202]

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?

 

Banks are now in fiat system. Also it's paper money system. But crypto is decentralized. It's more secure and faster. Also it's paperless money system. And there is lower fees for transactions. We can keep our all fund in phone device only.

[fatima123 320]

I also some time surprised who controls the prices of crypto market currencies and how much fluctuate why happened this I find in forex market not much volatility like this market. 

[Indah Azizah 24]

for matters of currency storage it is better to use a bank because for the bank itself is legal and official from the government while crypto is only used in the case of currency trading

[Ayush Singh 1175]

Yes its true tha banks can also be scammed by the user's so money isn't safe anywhere and this has also motivated people towards the digital currencies for the investment and trading purpose from which they could earn profit from the income reserved in the bank.

[Balimovic 7]

Crypto is site where coin are used for transactions unlike banks that produces notes for mean of transaction

[Mukty112 68]

Crypto is best than bank. If you keep your money to bank then you need to give tax also their withdrawal precess is very long than crypto. In crypto if you deposit you Will a daily profit from this.     

[Abdalrazig 1865]

Blockchain is a public database of all transactions ever made in the btc and other cryptocurrencies systems. By means of this database, every user can easily find out how many bitcoins belonged to a certain address in a certain period of time. The functioning of this database is supported by the efforts of many bitcoin miners.

[Christy 8]

In my own opinion cryto currency can be  cash out from bank, in as much there is no crypto bank, we have to make do with bank till there's another means to do so

[Tehniyat 8]

I think bitcoin and bank should get mutual under the supervision of government if the economy can be accepted by both physical and digital currency. 

[ram007 391]

in terms of convenient way of transacting money,it is easy to use crypto that bank,where in,crypto can be transfer without falling in line,fill up forms,and no need for 3rd party,unlike in bank where it takes too long before you can send or receive money.

[Captain Karim 0]

Cryptocurrencies have given us much of what we need in our real life, safety, freedom, and anonymity.

[sanjuchauhan 0]

The main difference would be that crypto is a decentralized and global digital currency,or,in other words,outside the control of the banks and not backed by a central government.As a result,cryptocurrency is immune to the old ways of government control and interference.

[Brushless4500KV 4214]

2 hours ago, Maximi444 said:

Comparisons here between crypto and bank indicate that crypto is always risky whereas bank is always safe. So here the bank provides the highest security for us.

Banks may be safer than cryptocurrency but don't think banks are 100% safe. Banks usually invest the money they receive from their customers' deposits. In order to give interest to their customers, they have to use complex investing methods. There is a possibility that banks may lose big money in their investments. It is true that most banks are supported by governments but they only support a certain amount of deposit and if you hold more than insured amount in your bank account, you will risk losing your money in case of bank failure.

[avatarkiyoshi 270]

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

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

There's no kind of war, there is not even a declaration. It's all about people choice. You can use bank if you feel you are comfortable to store your money at third party. Or you can use Bitcoin if you feel you can secure your asset by yourself.

[Rehman 5]

I thnk thus is good quiestoin crypto vs bank ansmd we can take bitcoin by the bank eadily and can withdrawa  easily by the bank eadily and we know tgat us us mabmny bebefit fir all people  and we can earn more and more mony easly 

[Sayma11 16]

I think crypto and traditional banks are two completely different systems.  Digital currency crypto is created based on digital modern technology.  The bank system, on the other hand, can be upgraded to an analog system, just like a smartphone when the bank system is not.

[Brushless4500KV 4214]

6 hours ago, wrayaner said:

Regarding the finicial crisis in banks if the people or investor think that their money is not safe there then they have to also think that it should also not be safe in Crypto world.

Any kind of investment can be safe or unsafe but fiat users prefer banks to cryptocurrency. Why? Because they think their money is insured in the banks and they believe they can always retrieve their money if it is stolen. But cryptocurrency is not under the protection of any official organization and if you lose funds, you can't request for help from any law enforcement body. However, there is no guarantee that banks are always safer. There have been some people who have lost their money when a bank went bankrupt.

[Abiaan 1209]

i think there is no winning and losing on this case , its for sure that the bank will never be dismissed and no any governing buddy can stop it either

[BTC Future 3946]

I feel that this war is going to last for a long time. Probably decades. Still quite a few banks are lately changing their minds are are actually thinking of starting trading desks for cryptocurrencies. This will certainly bring adoption and make Bitcoin and crypto legitimate as investment prospects. It seems that even banks understand the need for change from their archaic financial services and systems. Still the core of the issue is decentralization. Banks won't ever achieve this.

[SanjidaAkterSanju 69]

In my matter i don’t like bank. When i was 14 years old my father lost his life time income by a bank so i don’t believe in bank. Actually i hate them for my personal loss. In this matte i will choose crypto not bank.       

[Monir32 2]

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[Zaino34 0]

There is a constant competition between the two parties. Bitcoin has canceled centralization, banks and governments seeking to fight encryption in order to preserve their economy and currencies. Perhaps in the future these problems will be solved and coordination will be made between the two parties.