Crypto vs Banks

[Wanderdark 2178]

Bitcoin's total market cap is nowhere close to any other asset's market cap. That's true that even institions started to invest in bitcoin with intentions of protecting their investments against fiat currencies influation rates, however what or who provides guarantee for the bitcoin? I have serious doubts about this issue since the governments are starting to launch their own digital currencies, as well.

[Cleaner 2549]

Cryptocurrency is a decentralized currency.  And the bank is the custodian of centralized currency.  However, you can deposit Fiat money in the bank and by investing there you will get very low interest.  However, it is safe to keep money in the bank.  And if you invest in the crypto world, you will get good profit.  For which you have to choose an exchange site which is a dangerous one.  However, crypto world and bank are two mediums.  However, the demand in the crypto world will increase a lot

[Ameralsamt 2558]

My friend that encryption at the moment is currently rejected in many major countries, because it harms their interests, and harms banks, they can become money of the future and banks are completely closed due to cryptocurrencies and digital currencies. 

[Amir bhai 464]

I am really impressed from your post and your question that who is there which controls the crypto ? Many of the people are really confused and they are thinking about it and they are near to earn lots of money but they are consious about the reality of crypto and online trading currencies so this forum should guide them and then they will invest lots of money at this forum

[Burlin 230]

I for one want to keep my investment funds in bitcoin and stable coin, I don't confide in banks, they can fall flat, they have shrouded the executives expenses and there is no protection, the crypto will win this war,

[Robert William 590]

Banks and bitcoin in my opinion bitcoin will always win, because the currency of bitcoin cannot be governed by the government, but bitcoin must also be vigilant with its value, if it is too large then the government will switch from banks to bitcoin which causes its value to fall.

[Garion hirao 550]

Still the bank will win, because of what? because the bank is clear who is regulating, who is handling, who is providing, so as a layman of bitcoin, people will prefer banks that were there before bitcoin

[Wane Rastuar 583]

The world is becoming more and more digital and BTC is part of this new technology where the machines control our transactions, with frankness and honestness against the human being is always guided by his feelings and no one is perfect war now and for save the job positions of bankers and those who hang out in the stock market this is my point of view

[mon1 258]

1 minute ago, Jovic said:

To me, I think Bank will win over Bitcoin, because many people believe in something they can see and also feel, many people will prefer to store their money in banks than to store as Bitcoin because in banks they can save their money by themselves, and if the money get lost, the bank will be held responsible, but if I could remember, 1500 Bitcoin were stolen one certain time and what was the action taken after that?

To be honest we can't compare centralized and decentralized system, banks have centralized systems and they have been controlled by some one or a government, but bitcoin is not controlled by anyone, and yeah like you said most person in the world like to use banks even if they don't have profit and that's because of knowledges they have,

[Nonahassan 915]

Banks will not withstand much under all this effort from the world of dollar currencies Oh, it is normal for this to happen, and I expect that each bank will have its own digital currency, and this will be a very wonderful thing.

[Poppisnop 428]

There is going to a Huge competency between them so I think in the future crypto world will always be at lead, cos more investors are trooping in rapidly.

[mzk7736 1592]

The traditional economic system of the world surely have some flaws in it. and cryptocurrencies have all the solutions of the problems associated with the traditional financial system of the world. Banks should adopt cryptocurrency to solve there older problems.

[Obliv0n 333]

Bitcoin cannot replace banks, that is a nonsense of currency fanatics, a bank complies with certain operations that bitcoin cannot process, however in the long term bitcoin will simply surpass banks in capitalization becoming the largest value on the market, it will simply be a tie.

[Roman Wickler 1021]

On 10/15/2019 at 1:21 PM, xBDT Script said:

Well isn't it the exact reason bitcoin should raise and last? The economy should not have a central controlling board. I mean why would a group of people will control the wealth of the world. Print out of the thin air? The idea of bitcoin born from decentralization and it means eliminate the centralized power.

Obviously then banks and those who are authorized to print money is not going to like it but I do not think they can not stop it either. They can create laws and stuffs but you think when a culture builds up and become strong then it's really possible to stop them? There will be a revolution soon. And crypto will win in this war.

We are building out army as we move.

In crypto vs bank i will prefer most is bank. In bank your money is safe. No one can steal your money. But in crypto there are alot of hackers and spammers who will try to steal your money. Sometimes they succeed. So bank is the safest option. So it depends on you . But if you use extra safety you can use crypto. You can earn more profit in crypto rather than bank. 

[MoralStories 1127]

I think the government will take some decisions and cryptocurrency will be altered by the banks only and using the cryptocurrency individually would be banned in all the countries in future

[Rozy 1918]

I think it is the other way round, there will be collaboration between banks and Crypto and it will be very profitable to Banks. It is true that people do not have trust in Banks like they used to be in the past, but the banks will not miss the chance of profiting from crypto customers. And I think that there will be whole departments in banks especially dedicated to crypto customers.

[Naylor89 1223]

With the advent of Defi, banks felt threatened. Because they realized that Defi could do exactly what banks were doing so far and even better than them. In my opinion, cryptocurrencies are the future of financial systems in the world and No one can stop them. According to cryptocurrency experts, they are a kind of shift paradigm.

[Oki 675]

It is true that saving in a bank is very insecure because at times we can lose money there when the bank is no longer able to maintain its balance during a crisis. Currently people have started to be interested in Bitcoin because it is proven to be resistant to crisis, Many people think that Bitcoin will end and it turns out that this statement is not proven, instead the price of bitcoin continues to rise and shows its resilience. Between the bank war and Bitcoin, of course the one who will win is Bitcoin.

[FARISOKTAV 970]

In my opinion, eventually the world's current economic system will collapse. It all started when the united states goverment decided to cut the ties of dollars to gold. now they keep printing dollars continiously, and the influation is spreading at insane levels. In the close future the world will stop accepting dollars as the reserve money of the world. Then what, of course gold and bitcoin is a viable option for world reserve money as their supply is limited. It will be the great reset of the world's financial system I think.   

[Adavance 461]

the world is becoming more and more digital and BTC is part of this new technology where our transactions is controlled through blockchain, this is so in other to make thing easy by doing transactoin through convince and other reason

[Aliraza2 318]

Crypto is the chance of transfer the money from one place to another in blockchain and the bank is the fiscal way and also have the technology to move one to another but if the banks want to struggle in the future then they also accept the bitcoin.

[Farukatie 1271]

FIAT cash is vital, I accept that banks and government ought not assault Bitcoin or crypto, on the grounds that it is a war they will always lose, they dread since they live off the obligation it causes in individuals, it is their method of controlling, with Bitcoin and Crypto would presently don't exist control.

[zagzag 320]

Apart from payment protocols, this technology has many advantages for banks and other financial institutions. Although doubts about bitcoin and cryptocurrencies have increased, there is a lot of talk that the main factor of the banking sector in the 21st century is blockchain technology. After this uncertain and turbulent process, banks will have to be reshaped according to the needs of individuals and institutions.

[sinseoul 0]

Maybe there is? I mean we don't really know, but I think there is. Well the reason that I thought of it is because SEC is now probing cryptocurrencies and they are starting with Ripples. SEC already sued Ripples and it's value is really going down for a while now.

[Arratee877 272]

If you have the experience of making transactions through crypto currencies,.I don't think one will ever like to make payment for purchases using cash system again it's suffering, since it involves third person, bit in Crypto world it's simple and fast with less charges. It's also profitable that fiat currency