Bitcoin VS cryptocurrency for the central bank

[SuperCrypto 7193]

It has become known to us that central banks hate bitcoin BTC, and other digital currencies, because of their disruptive advantages, but these banks resorted to the idea of launching their own cryptocurrency in most countries of the world, so how will this affect Bitcoin and the rest of the market?
Do you think that the Bitcoin status of BTC will be bad during the coming period, due to the spread of the idea of the cryptocurrency linked to the central bank, or will it be a regular competition, we would definitely like to know your opinion?

[Saj555 2250]

Bitcoin stayed over a decade in the world of crypto. The coin is a decentralised currency and no one can control this coin rate or tradings or investment. But the banks are launching their own cryptocurrencies and they will control it. And people  hate to be assured in some controlled cryptocurrencies. So maybe the best way would be to depend on bitcoin instead of that. Maybe the btc will not be affected  by it but the bank currencies canont survive. 

[magd 5231]

The currencies that the central banks will launch cannot be considered cryptocurrencies but rather digital currencies because cryptocurrencies are their most important characteristics are decentralization and speed of transactions and conversion and there will be no negative effects of these currencies on bitcoin and other other currencies

[Syed Al Mamun 876]

Actually i think it's not a discussionational issue that even the central bank lunch the own Crypto currency. Bitcoin is the father of Crypto currency, so it's all in all in the Crypto currency industry.

[bliznec 22268]

I believe that given the settlement of Bitcoin, it will become only useful over time. But it will take more time and it's worth it. We need to believe that Bitcoin is not accepted today. 

[Mcd0d0 5882]

2 minutes ago, bliznec said:

I believe that given the settlement of Bitcoin, it will become only useful over time. But it will take more time and it's worth it. We need to believe that Bitcoin is not accepted today. 

Well, this is quite true mate, that is the only way to do right now and we need some patience from it to wait for a better value from bitcoin. Happy posting.

[bliznec 22268]

25 minutes ago, Mcd0d0 said:

Well, this is quite true mate, that is the only way to do right now and we need some patience from it to wait for a better value from bitcoin. Happy posting.

Undoubtedly, this will come and we will see that the price of bitcoin will overcome or approach the mark of 10,000 dollars. 

[jamesvince 2389]

who said to you that banks and central banks hates from bitcoin or digital currencies. I made research about it there none any banks related crypto currencies coins or tokens i don't crypto market because we need to become a don't FUD to the market. 

[Laboni 755]

I don't think central banks hate bitcoin or digital currency because they usually rely on their own will to invest in cryptocurrencies. Bitcoin VS cryptocurrency will never be supported by anyone for the central bank. Central banks are controlled by the government.

[rekter 8129]

7 hours ago, SuperCrypto said:

It has become known to us that central banks hate bitcoin BTC, and other digital currencies, because of their disruptive advantages, but these banks resorted to the idea of launching their own cryptocurrency in most countries of the world, so how will this affect Bitcoin and the rest of the market?
Do you think that the Bitcoin status of BTC will be bad during the coming period, due to the spread of the idea of the cryptocurrency linked to the central bank, or will it be a regular competition, we would definitely like to know your opinion?

People like Bitcoin because it has properties that no bank can adopt on their own currencies for the same reason they don't want to adopt bitcoin. Banks don't have any use for decentralized ledger. First of all it's open for anyone to see, so that's a no-no. Centralized is faster system for them, and it would be highly expensive to keep secure.

They can't offer permissionless coins because it would be pointless and probably illegal to issue them with a centralized system.

 

So only thing they can offer is snake oil disquised as cryptocurrencies. They are just suffering from a pointless buzz word fomo because they promised someone to take a look at what's this new thing called blockchain.

 

Summary: They coulndn't ever replace permissionless coins, because that's not what they can offer

[DokAgsikap 145]

7 hours ago, SuperCrypto said:

It has become known to us that central banks hate bitcoin BTC, and other digital currencies, because of their disruptive advantages, but these banks resorted to the idea of launching their own cryptocurrency in most countries of the world, so how will this affect Bitcoin and the rest of the market?
Do you think that the Bitcoin status of BTC will be bad during the coming period, due to the spread of the idea of the cryptocurrency linked to the central bank, or will it be a regular competition, we would definitely like to know your opinion?

Bitcoin is the pioneer in digital coin, it gains  a lot of traders, and it also has a good market value, I think there will be no threat but a good competition for that both of it, and I think bitcoin has the edge.

[Jessica Karren 1242]

Cryptocurrencies versus banks is a long ongoing war. I guess this idea of banks to launch their own cryptocurrencies hasn't degrade the status of Bitcoin. Banks launches their cryptocurrencies just for experimental purpose.

[SuperCrypto 7193]

7 hours ago, ChilBran said:

I only want to correct you, just do not make a conclusion that bitcoin has disruptive advantage. They have good not disruptive. Only stable coin is now their concern. 

We must admit that the electronic currency market has witnessed a major development in the past period. This development made the IMF openly talk about the pros and cons of the cryptocurrency associated with the central bank.

[Zues 1069]

17 hours ago, SuperCrypto said:

It has become known to us that central banks hate bitcoin BTC, and other digital currencies, because of their disruptive advantages, but these banks resorted to the idea of launching their own cryptocurrency in most countries of the world, so how will this affect Bitcoin and the rest of the market?
Do you think that the Bitcoin status of BTC will be bad during the coming period, due to the spread of the idea of the cryptocurrency linked to the central bank, or will it be a regular competition, we would definitely like to know your opinion?

I think that bitcoin and othet cryptocurrencies should not fight because they are trying to achieve a common goal and they mudt help each other in providing service to the people that need to earn and they should try to be innovative. 

[Ch Ayyan 9781]

 I am agree with you . But if central  banks thinking about  creating  their own currencies It may effect the reputation  of bitcoin  and other currencies.

[Dark_Sky 8489]

13 hours ago, Laboni said:

I don't think central banks hate bitcoin or digital currency because they usually rely on their own will to invest in cryptocurrencies. Bitcoin VS cryptocurrency will never be supported by anyone for the central bank. Central banks are controlled by the government.

That's right. 

That's the reason why most of the country didn't accept cryptocurrencies because of that issue or reason. 

Also the government was not approved by that for some other reasons. 

[Mcd0d0 5882]

15 hours ago, bliznec said:

Undoubtedly, this will come and we will see that the price of bitcoin will overcome or approach the mark of 10,000 dollars. 

There is a possible to reached the price of bitcoin higher than $10000 and many people will be happy for that by exchanged it to get some extra money.

[bliznec 22268]

1 hour ago, Mcd0d0 said:

There is a possible to reached the price of bitcoin higher than $10000 and many people will be happy for that by exchanged it to get some extra money.

Most likely, the price of Bitcoin can do this and reach a price of $ 10,000, after Halving Bitcoin. Many want to see it and it means to be. I will be very glad to see Bitcoin in the long term, at $ 10,000.

[SuperCrypto 7193]

5 hours ago, Zues said:

I think that bitcoin and othet cryptocurrencies should not fight because they are trying to achieve a common goal and they mudt help each other in providing service to the people that need to earn and they should try to be innovative. 

Yes, I think the two currencies should work together and the gap between them is much smaller. And if the gap is much smaller, people have a much lower incentive to jump over the rest of the way to real digital currencies.

[CryptoMaxim 3829]

I do not believe that the launch of banks own coins will affect bitcoin in any way. Such coins will just be the next altcoins in the crypto world.

[Dark_Sky 8489]

5 hours ago, chrislynn said:

No one knows what's the reasons why banks not happy with bitcoin even whole crypto market. Banks declining that this Is real or legal . Sometimes it's seems that sooner bitcoin are dumped and become zero value currencies but again it's price jumped to the higher point. 

There are some reasons why they don't want to accept cryptocurrencies especially bitcoin. 

One of them because they mau encounter some problem especially on the taxes and other more. 

[koussai999 1986]

On 4/22/2020 at 3:30 AM, SuperCrypto said:

It has become known to us that central banks hate bitcoin BTC, and other digital currencies, because of their disruptive advantages, but these banks resorted to the idea of launching their own cryptocurrency in most countries of the world, so how will this affect Bitcoin and the rest of the market?
Do you think that the Bitcoin status of BTC will be bad during the coming period, due to the spread of the idea of the cryptocurrency linked to the central bank, or will it be a regular competition, we would definitely like to know your opinion?

Welcome my friend
I think that the banks ’launch of their cryptocurrencies is a very useful thing for the world of cryptocurrencies and I think it constitutes a major qualitative shift in the current field

[SuperCrypto 7193]

3 hours ago, Nicer216 said:

In my opinion, will be very good development in the cryptosphere of each country, if will be invented national cryptocurrency, of each country, which will be holds in the banks , then everyone citizen will be able to make investments in it, or exchange their another cryptocurrency to id 

Online screenshot revealed, CBDC central bank test digital currencies in China. He hinted that the digital yuan project had reached the final stage and was ready to go.

[Laboni 755]

If the central banks introduce Bitcoin VS cryptocurrency, it will further improve crypto. Then each country will be able to go to the bank independently and transact cryptocurrency. There will be no hassle in currency transactions.

[Honny143 13612]

Its really good news for crypto currency because central banks also want to launch their crypto currency to transaction purpose means they know the value of crypto, if they successfully launch their coin then bitcoin also receive some damage from this coins.