Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ayatoslaw on July 31, 2019, 02:00:57 AM
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I saw cryptocurrency in response to my dissatisfaction with the system used by the bank.
very funny, we give bank loans, we pay monthly bills and the funny thing is that our money is used to make loans to other people. is that really the system we are looking for?
if I'm not, I'd better save my money in cryptocurrency and only use the bank as a reason I can withdraw the cryptocurrency with FIAT.
what do you think about this
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The title is a little bit misleading. However, if bank loans are the reason you go for cryptocurrency then you're wrong. You give bank loans, they pay you interest. It's totally fair. They use your money to give loans to other people. It's also fair. They're rather using their fame and reliability to make money. Cryptocurrencies are born to eliminate banks' roles in processing payment, not making loans.
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I still feel at home in the cryptocurrency business not without reason. I am honestly very confident about the future of the crypt. maybe the price of the crypto trade has decreased. This is something that I think is normal. I believe in the future, crypto values will experience rapid growth.
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I saw cryptocurrency in response to my dissatisfaction with the system used by the bank.
very funny, we give bank loans, we pay monthly bills and the funny thing is that our money is used to make loans to other people. is that really the system we are looking for?
if I'm not, I'd better save my money in cryptocurrency and only use the bank as a reason I can withdraw the cryptocurrency with FIAT.
what do you think about this
Banks is also a business thats why it needs a profit to pay the salaries of its employees. It that case i have no againts the bank with the reason to earn a profit. My personal reason was the safety of our money deposited in the event of a bankruptcy we cant get our money back instead it was only insured only a fraction from its total amount thats why i like about cryptocurrency im holding with my own money so im not afraid of any events such as financial crisis,bankruptcy etc,
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I understand, why the OP has dissatisfaction with the bank system, maybe that's why the bank always rejects crypto and they (the Bank) want to adopt the blockchain in various ways, the bank has a policy for the amount of savings you have, if you want a lot of interest in the bank, choose long-term deposits, but all of these are still at risk because funds cannot be withdrawn at any time.
Cryptocurrency makes it easy for everyone with the transparency of transactions done by everyone, if I hold coins like BTC in the long run, it might be different from the bank because the price of BTC can increase at any time and we can easily pull it if we need it.
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I saw cryptocurrency in response to my dissatisfaction with the system used by the bank.
very funny, we give bank loans, we pay monthly bills and the funny thing is that our money is used to make loans to other people. is that really the system we are looking for?
if I'm not, I'd better save my money in cryptocurrency and only use the bank as a reason I can withdraw the cryptocurrency with FIAT.
what do you think about this
save my money in cryptocurrency? you probably gonna lose most of your money when price drops. Not a very good plan. Maybe if you include in it stablecoins it would be better.
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yes, I myself still survive to invest in krypto, because for me, krypto can also help generate some benefits by waiting for better price changes, because crypto prices also increase every year.
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even though the price of bitcoin is now down, I'm still sure if bitcoin is still able to provide benefits and will continue to grow. that's how I still hold bitcoin to date.
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If I'm still at home here, it's not because of the Bank. But because Cryptocurrency gives me hope that I can get a big profit if I stay here. For example, if we put money in the bank, our money will remain in the amount, but if we invest in Cryptocurrency I can get a big profit.
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People stay in cryptocurrencies, because there is a chance to earn good money in a short time. Not every type of business allows you to earn good money in a short time.
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Saving money seems not a big reason for people to stay here. I think the big reason is about earning money and the possibility to earn high profits. As long as people can earn money from doing various activities in the crypto world, I bet people will survive in cryptocurrency.
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Was hoping to gain an insight into how to survive the fluctuating values if crypto but i guess the title simply misled me
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Everybody may have their reasons still survive in crypto world. So do I. I personally have the strong reason that crypto will be promising, at least in the future. That is why I believe that crypto price will meet its bullrun season again someday.
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The big downside with them isn't having any helpful ideas. they realize one thing that's glorified or semi fascinating and use it as a meaninglessness while not even knowing what they must do themselves. the entire purpose of their project is typically to boost cash and become rich; nothing else!
to make these comes productive they have to administer up fundraising and begin performing some actual work.
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There are plenty of reasons to believe in cryptocurrency! first its a cutting edge technological advancement second promoting decentralization, privacy and transparency by introducing a cash less transaction in our society thats why still many reason to believe in cryptocurrency.
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I love being in a new era, being one of the early adopters of a new tech. Also yes I don't believe in bank system, and the idea of controlling my money myself is better.
Also, in a real stock market if you earn 20% in 1 year, it would be huge. But in crypto, you can do 3x in a month lol. In the bullrun, some coins made 100x etc. This is not possible else where.
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I love being in a new era, being one of the early adopters of a new tech. Also yes I don't believe in bank system, and the idea of controlling my money myself is better.
Also, in a real stock market if you earn 20% in 1 year, it would be huge. But in crypto, you can do 3x in a month lol. In the bullrun, some coins made 100x etc. This is not possible else where.
yes, nothing will give you even 100% profit except crypto
i don't know that will happen in the furutre, but looking back this was a oppotinity of a life time
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In my own view, I am still here to survive because I believe in crypto future. With the continuity of its improvement, I think it is the signal for a great future. I predict that in 2020, crypto space will have a big change. Then, the adoption will be very massive.
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honestly, I still believe and are optimistic that the altcoin digital currency can still recover at the end of 2019. that's why I still feel comfortable holding and adopting altcoins.
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My reason why I still survive in the world of cryptocurrency is because I do not have enough time and sufficient capital to open a business as an additional income to support my family while I have to have extra income, until finally I meet someone and be introduced to this crypto world. although the results are now not visible but I am sure one day I will be able to enjoy the results of this cryptocurrency.
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honestly, I still believe and are optimistic that the altcoin digital currency can still recover at the end of 2019. that's why I still feel comfortable holding and adopting altcoins.
Yes! You are doing the best. All this technology will grow for many years, until mass adoption. It does not require big capital, and the profits can be as high, as owning a business.
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because for me cryptocurrency is also good for me to hold in a long distance, because I also believe that crypto also provides a good opportunity to benefit in the long run. Seeing the price development is now growing well.
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I believe you can make a lot of money in cryptocurrency, so I'm here, in any financial position.I think the cryptocurrency will develop over the years
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Yes, the world is evolving day-by-day. In terms of digital economy, cryptocurrencies have taken the market out with a storm. One of the reasosn cryptocurrency is outstanding is because crypto is anonymous in nature.
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Yes, the world is evolving day-by-day. In terms of digital economy, cryptocurrencies have taken the market out with a storm. One of the reasosn cryptocurrency is outstanding is because crypto is anonymous in nature.
Even in real nature, cataclysms happen and recently this happens quite often. Based on this, it can be assumed that the cryptocurrency market will soon lose all its advantages associated with anonymity.
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if i do have to choice which system i will store my money it will always be in the bank. i think it is more secure to put your money in the banks rather than storing it in the cryptocurrency wallet. further, the crypto currency we get from our works here are always end up converting to fiat so i would say people are working here in crypto to get himself coins for conversion to fiat currency.
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I love being in a new era, being one of the early adopters of a new tech. Also yes I don't believe in bank system, and the idea of controlling my money myself is better.
Also, in a real stock market if you earn 20% in 1 year, it would be huge. But in crypto, you can do 3x in a month lol. In the bullrun, some coins made 100x etc. This is not possible else where.
That right, because I don't want to be out of date, I have to be able to keep up with technological developments that are increasingly going forward more rapidly so as not to experience confusion in the face of the digital age.
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While trying to save your money in form of digital coin, such as cryptocurrency, you need to be careful, because of its volatility.
That would have also been my choice, but care need to be taken.
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While trying to save your money in form of digital coin, such as cryptocurrency, you need to be careful, because of its volatility.
That would have also been my choice, but care need to be taken.
You have to take care in short term. If you look at it, like a child's savings account, that should be used after 10-15 years, there are only profits.
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I saw cryptocurrency in response to my dissatisfaction with the system used by the bank.
very funny, we give bank loans, we pay monthly bills and the funny thing is that our money is used to make loans to other people. is that really the system we are looking for?
if I'm not, I'd better save my money in cryptocurrency and only use the bank as a reason I can withdraw the cryptocurrency with FIAT.
what do you think about this
I personally do not understand why many associate their financial activities with banks and their loans. I have never used bank loans and intend to do without them further. I also do not consider cash the money of banks, not the state. Cash reflects the economic development of society as a whole.
At the same time, cryptocurrency is very volatile in price and you should not rely on it completely.
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I saw cryptocurrency in response to my dissatisfaction with the system used by the bank.
very funny, we give bank loans, we pay monthly bills and the funny thing is that our money is used to make loans to other people. is that really the system we are looking for?
if I'm not, I'd better save my money in cryptocurrency and only use the bank as a reason I can withdraw the cryptocurrency with FIAT.
what do you think about this
I personally do not understand why many associate their financial activities with banks and their loans. I have never used bank loans and intend to do without them further. I also do not consider cash the money of banks, not the state. Cash reflects the economic development of society as a whole.
At the same time, cryptocurrency is very volatile in price and you should not rely on it completely.
OP prefers to save money in crypto even though the price is fluctuating, he thinks there will be an increase in the price of the crypto coins he has been holding.
I understand the meaning of the OP making this thread,OP keeps some of his money in the bank, but when he needs a loan from the bank, the bank will give high interest for a number of loans that they agreed upon.
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You know buddy, centralized entities are often strict regarding money transaction, with also high in transaction fees, poor quality service etc. that's why the proliferation of cryptocurrency was growing as we can imagine, because of its decentralized nature of governance. equipped with more faster transaction lesser fees and anonymity feature. that's why cryptocurrency is very attractive. that's the reason why i still survive in the harsh crypto environment.
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The reason I keep working at crypto because I can do it wherever and whenever. In fact, after working in the office, I still worked at crypto. So I can get a lot of money. One more thing, there is so much work in crypto that we can continue to discover new things. Not like in the office. Only 1 job we do.
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That's how the bank works. But you can demand your money whenever you want. And the bank is always ready to give it. That's not my reason for continuing to use crypto as an investment, I use crypto as an investment because I already know when prices will go up high. Because bitcoin will be halving every 4 years, so before 4 years happens, I have prepared assets in crypto.
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Investing all your money in cryptocurrency I don't really think that's the best option when it comes to investment there's no guarantee that your cryptocurrency investment will last forever because you don't weather the certain project you want to invest all your money have intention of lasting long in the cryptocurrency market.
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I saw cryptocurrency in response to my dissatisfaction with the system used by the bank.
You are not alone on that
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
This is the FIRST sentence of Nakamoto's Bitcoin: A Peer-to-Peer Electronic Cash System (https://bitcoin.org/bitcoin.pdf)
Freeing people from financial institutions is the main reason of cryptocurrencies.
Nakamoto didn't talk only about banks. He talked about financial institutions in general, those who have the power to control your money, and with that your life.
Like Paypal for example.
Bitcoin is being championed as the solution to a new payment crisis affecting the adult entertainment website Pornhub. In a blog post on Nov. 14, Pornhub revealed that payment processor PayPal had abruptly stopped servicing its models.
Previously, models throughout the world received payouts via PayPal, which has not publicly stated why it cut them out of its platform.
“We are all devastated by PayPal's decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods,” the blog post reads.
The debacle is just the latest in a string of skittish moves from PayPal, which has become well known for its seemingly arbitrary account shutdowns.
In each case, Bitcoin proponents highlight the benefit of using censorship-resistant cryptocurrency instead. Bitcoin transactions cannot be canceled or denied by a third party since they are peer-to-peer.
Long live cryptos.
Long live PH performers.
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if the reason I stay with crypto is because I see enormous potential with today's technology. considering the increasingly advanced times at least know crypto is the basic thing today. and also with crypto I am sure that problems in finance and product development can develop rapidly and become the starting point for today's technology.
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I choose to use crypto on my savings as I don't trust banks that we have now. There were plenty of issues lately, hacking and inside jobs where they rob their clients' savings. Unauthorized withdrawals and use of credit cards here and there and sometimes it ends up without solution.
As for crypto, I feel like I have all the control when it comes to my wallet so I think that's enough for now.
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Bank loan is possible because bank loan is distributed among people within a certain interest rate scheme which is bound by certain date but cryptocurrency loan is not possible because its only phenomenon via online virtual banking and price always changeable.
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I am somewhat different, making the bank not only to exchange fiat but also to save money. The bank lending system is like that. And if it's not like that, the bank won't be able to lend money to other people.
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My logical reason to stay with the existence of crypto is of course the fantastic crypto price. but also I can make money with crypto that I have.
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The fact is that you can trust banks and if any problem happens, you can immediately go to the bank and solve it, and investing in cryptocurrency always leads to huge risks and if something happens, then no one will help you.
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My logical reason to stay with the existence of crypto is of course the fantastic crypto price. but also I can make money with crypto that I have.
Yeah, people will stay as long as they can earn money from crypto business. If they cannot get enough profits or earn money anymore, I doubt they will survive. However, to make money is not so easy currently since crypto market is in the bearish period. Only a smart trader can earn money.
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Sincerely speaking, the banking system has very little profits to offer it's users while the crypto ecosystem is very volitile but offers a very huge return on investment. Crypto is risky but by far better than the banking sector in my opinion.
If you invest, for example, 1000$ in bank for a year and anther mam invest $1000 worth of bitcoin, ethrreum, Ripple, etc in a year, I'm confident you will earn a good return from the crypto investment than the man
that invested $1000 in the bank. In which ever ways anyone will try both options, the choice will definitely be a crypto investment option.
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The fact is that you can trust banks and if any problem happens, you can immediately go to the bank and solve it, and investing in cryptocurrency always leads to huge risks and if something happens, then no one will help you.
True. The banking system offers this benefit.
That's why I don't say to eliminate banks altogether.
What I don't like about banking is
1) they use my money (giving me 0, ..% interest rates >:( ), lending it out and feasting on it.
2) banks create currency out of thin air, through keys stroking, (it's called money multiplier (https://usercontent1.hubstatic.com/7255242.jpg)), they lend it to you because you need it, but if you don't give it them back they will take your possessions from you.
3) the money you deposit in the bank becomes their money. It's no longer yours.
But that's just me :)
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Bank do all that because they have employees who are paid every month, and of course they also need to benefit from their financial business. If you don't like the system implemented by the bank, then you don't have to deal with the bank anymore. And that might make your reason to remain in Cryptocurrency. If for me the reason to still choose Cryptocurrency is, this is a modern payment technology and this will continue to grow, if I do not follow this then I will miss the times.
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I think one of the reason I am dissatisfied putting my money in the bank is because it will suffer deflection and does not yield much interest, like cryptocurrency investment but to avoid some risk of lost both bank and in cryptocurrency you can invest in both institution in order to be secured in the future investing in bitcoin and Eth.
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Cryptocurrency provides the only option to get a chance to make a lot of profit in low investment and in a very short time which is not possible in any other business in less time and less investment.