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Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.
1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.
2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.
3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.
4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.
As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive
I think that if cryptocurrency will capture our world, banks will adjust and come up with what they can do. That's all.1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.
2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.
3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.
4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.
As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
On a related note, my gambling BCH short has grown in size and has been repositioned a bit higher. In the green now. I'm tempted to close it, but greed is a thing when I gamble.
Do you think Bitcoin still on the rise in terms of market capitalization ?
You can easily check it by yourself. Why you chose to post a new topic to ask someone about it on the forum. This is weird.
There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?
I think it could be like that, and I am do not mind. But also I hope that there will be some pumps, some "tothemoons". And also I like 10,000 more.Re: Is it true that the market usually rises before the end of the year?
Is it true that the market usually rises before the end of the year?
If so, why do you think it happens?
I spoke with few people that already said that in the last 5 years the market became really bulish
I think that ending of the year not affecting the market. If in the end of 2017 were pumps - that doesn't mean that it will happen in the end of 2018.If so, why do you think it happens?
I spoke with few people that already said that in the last 5 years the market became really bulish
hy mates
sorry to ask this over here.
lets see what will happened to the market before this year runs out, or could anyone possible guess what will happen in December 2018.
also will there be any upgrade in the bitcointalk forum?
I am afraid that nothing will happen this year and in the end of the year the price will be the same as now. Maybe it will change, but only +/- 1,000 $.sorry to ask this over here.
lets see what will happened to the market before this year runs out, or could anyone possible guess what will happen in December 2018.
also will there be any upgrade in the bitcointalk forum?
is it all that is going on with regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
My opinion that cryptocurrency is too slow right now... ICOs last a very long time, developing is slower that it was year ago. Everyone is too relaxed right now and don't want to work Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
I thought than there is some coin that can be mined by simple Android or IOS smartphone. If there's not I think it's possible, because smartphones now have power of ten years ago PC...Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.
This is silly and naive thought. I don't want to be rude and Bitcoin and all cryptocurrency are great, it will evolve in future, but it can't control the economy of whole world.