Post
Topic
Board Bitcoin Discussion
Re: Do Banks fear cryptocurrency
by
HalfDeck
on 09/11/2017, 16:37:32 UTC
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature  of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

If I own a bank, I will be issuing the same warning. It is obvious because crypto currencies or digital currencies that we know of don't need banks, we can save them without their help. When you think of it, if bitcoin, for example become stable, they will be using it for sure, so the money that is entering the banks will stop because as I said, digital currencies can be saved without banks.


Yeah you are correct because crypto currencies is possible treat to the banks. Owners of banks are afraid to digital currencies because there possibility people did not need banks to save money. Through digital transaction banks are no involvement and no hazel in depositing money and withdrawal of money. Digital currencies can be save without banks transaction and less hazel. That's why banks owners are afraid in crypto currencies.
The government scare the growth of cryptocurrency can change people's views. But, you need to know the price of Bitcoin and altcoins were pumped by the whale meaning the whale need to spend their money to pump the price of cryptocurrencies. If they failure to attract the investors, I think this bubble will be end soon.