Crypto vs Banks

[babaji 1228]

On 10/15/2019 at 12:40 PM, duncun007 said:

 no sane government would accept it

And the funny part is, that is exactly why people would rather choose bitcoin than any fiat issued by sane governments. There is no sane governments. in the world. Look at US, and their President, who calls Nepal as nipple and Bhutan as button. What about China, they will rather kill their citizens, then let the world know the extent of damage Corona Virus did. How about India, who is hell bent on converting everyone to an ancient religion. Every country in the world is INSANE. and BITCOIN is only sane and makes complete sense. 

[Bohana 2143]

I do not think there's a competition between crypto and banks because most of the countries depend just on banks and do not care about crypto currencies although their prices are very high (like Bitcoin).

[Mercello Blyat 21]

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

[Vivek1997 437]

Statistically it is crypto that gonna win this war but it is very hard for it to replace banks. But i think banks will win this war even crypto having much demand nowadays. I think crypto it's best option for investing because of highly volatile nature but paper currency is what having large portion of market any very hard to replace this.

[Whited35 15285]

Crypto networks are decentralized but the Banks are centralized business. Crypto can do a lot of works that bank can not do. There are some huge differences between these two financial sectors. Crypto currency is gaining rapid reputations nowadays. 

[abde_ait 3]

I like encryption more compared to banks

[rekter 8129]

On 10/15/2019 at 10:10 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?

 

Eventually governments need to adjust to the idea that bitcoin isn't going anywhere, but until that happens there will be a war between these two. And it will get worse, i don't think that we have seen anything yet. I mean usa haven't even tried to ban it yet. When that happens, it will divide people even more, because it's not possible and it will be pointless. But it will affect the price.

[Hanan951 841]

Banks also try to make coins that wqht i read here but bith will still exist why we thing crypto will end banks and fait money now ? It is kinda hard .

[Rony001 0]

This depends on mostly income level of country people.If they have hgh level of income, they have another interest instead of bank.

Online investment is easier and secure than bank in they're perspective.

On the other hand, middle class income people go to bank, to secure they'res money.

But, now a days, 

this idea is changing, people like crypto than bank

Edited March 3, 2020 by Rony001

[Leerobert 307]

Crypto will actually win because it is supported by the community and people who do not like the problem of monopoly and centralization. Only the reins of power can now be decisive, but when people choose and move against power they will collapse.

[Hanan951 841]

As we know oir banks is our own wallet banks no need for that also our wallet give us years profits or daily that depends on the coins .

[Naeem 40]

I think crypto is strong as there is no government can control it..and it can't be closed until the whole internet is falling down,, so it worth the trust more than the banks..and I think it will win

[Shaza Ahmad 1682]

In this war between banks and bitcoin, either the banks realize that they are unable to control bitcoin and try to create a joint system to merge with blockchain technology that enjoys transparency and privacy, or that bitcoin wins alone in the end but that needs a long time because we are still at the beginning Cryptocurrency legislation flight.

[deepown 0]

1 hour ago, Danya mash 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.

No there is not competition, it is a war that one must die, it is a war of fiat money against crypto.

[teminalibug 309]

Just now, Danya mash 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.

You are comparing them the wrong way, remember banks are not money, crypto and fiat are, bank can be compared to crypto wallets/exchanges.

[gkapoxm 84]

Crypto is decentralized and free to use. Banks can close yourt account, rob you, take orders from govs to track or block your funds or anything like this. Its terrible.

[Treat1234 0]

Cryptocurrency has gotten a good winning side  which I knew very soon it will be preferred than banks, you can easily save your assets and you can easily make payments

[Babubu609 0]

On 10/19/2019 at 4:10 PM, Mohs3n71 said:

the money that people put in the bank and use for daily purposes is not an investment actually, you just gave your money to bank to hold it for you because you cant hold it and move it along with yourself everywhere

the principle of trade need to nevertheless consult with the antique foreign money, we will just update, and make a virtual currency for each united states of america.

[Brand1 1336]

I think that the war will remain moderate between Bitcoin and banks, and I do not think that the Bitcoin currency will disappear, on the contrary, it will continue and for long periods, and I think that many countries will start to rely on this currency with a lot of commercial matters

[magd 5231]

I thought that these problems in the banks were in favor of Bitcoin, but I do not think that this will make Bitcoin replace the banks as we should not forget that Bitcoin wallets are subject to loss, money loss or theft so Bitcoin, which adopts the decentralization system, will need a lot of time to replace the banks

[BrolySSJ 7899]

I think that bitcoin and banks both have good advantages and disadvantages. The one disadvantage with bitcoin is the volatility of the market and the risk that is involved with the investments, as well as the number of places that accept bitcoin and that allow for bitcoin to be used as a method of payment. If these two disadvantages are corrected, then i have no doubt that bitcoin will supersede banks as it offers way more features and flexibility than banks.

[rianpedia 816]

52 minutes ago, Babubu609 said:

the principle of trade need to nevertheless consult with the antique foreign money, we will just update, and make a virtual currency for each united states of america.

I use both of them fully connected. I use crypto to make investments. If I get a profit then I use a bank to withdraw my money. that is both and full of function.

[jamesvince 2389]

Bitcoin is a decentralized currency and we also can save our investment portfolios with wise decision during criss like today very much volatile by the bitcoin and now we can crypto market is risky then fiat currencies business so do both business traditional and untradional and enjoying it. 

[AmjadBydn 0]

On 10/15/2019 at 10:10 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?

 

Yes I have heard that too bro ! they tell that bitcoin at the end will disappear because there is no control on it ! 
I think this is true ! but I wish that bitcoin stand with us to the end of the life .

[Lover840 0]

On 10/15/2019 at 12:40 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?

 

Cryptocurrency is still young give its sometime. You can see there are already being many innovative implementation related to crypto currency and at the end banks will accept crypto as well.