Quote from: milani on September 14, 2019, 07:08:31 PM

Quote from: Elchapo3455 on August 22, 2019, 08:41:38 PM

What is your thoughts on banks banning the sales of crypto do you think they are scared they will be replaced

Of course bankers are afraid of the situation when banks may be replaced by some other institution or ways to keep and send money. But in my opinion it may happen some day, but not in the near future. Too many directives are connected to the banking system, too many people use the banking system for different things. So I think bankers are not too afraid because they understand their importance nowadays and that people will still be using the banking system more than anything like crypto for their everyday needs.

This conversation just remembered me the invention of the email which was the end of the mass mail post service. The same destiny is the first reason why banks are afraid of the crypto transactions, the faster mass adoption happens the end nears for the greedy bankers. The people have no bank accounts can adapt easily to the online crypto banking projects and this can cause a butterfly effect which is the dangerous for traditional banking, financial system.

The recent market situation is not easy to trade and bankers can take an advantage of the chaos. It is obvious to think about the power of the bankers to the governments, the new regulation rumors can be the reason for the next downtrend. Chaos trading is the hardest exam for the traditional financial market traders who usually traded the spot forex markets or the stock shares of Apple, Microsoft, Google.