Topic: Are The Banks Scared of Bitcoin? - page 6. (Read 1137 times)

They're not scared. Bitcoin is not any real threat just yet. But I think there is a possibility of course that they might be scared. If Bitcoin will be very popular in the future. It will reduce the banks in the future because Bitcoin is more used so that is quite good. I hope this will soon happen as we need to take down banks because of huge fees.

There no any reason for banks to scare about bitcoin. Bitcoin is a virtual currency and if in future it is in routine use, then there is any issues for bank. Money and cryptocurrency both are on there place to not be interfere so bank dont need so scare about.

When even governments, who are considered as the biggest authority of a country, can't stop usage of bitcoins, how will banks be able to influence people either to stop mining or to completely stop using it?


Why not? Bitcoin has developed a complete new way of banking, a modern way which is much more powerful and way more secure than traditional banking systems. They're totally scared of it.


Simple, start accepting bitcoins itself.

Of course they are afraid of bitcoin as it threatens the development and survival of banks as many people are investing all their money in bitcoin and altcoin. If everyone's withdrawing their money from the banks, it's the end of the banks

I think bitcoin might be a threat or a solution to the banks. It might be a threat because they have no control to it unless the government implemented a law maing the exchange to fiat money illegal. A solution because more people are having a chance to earn as well which could increase the economy of a country.

I think no, they are not afraid of bitcoin, banks has their own way to earn and to grow their money they have more than else to offer to the people than bitcoin I think.

The banking system are scared of blockchain because if there is mass adoption of blockchain technology our traditional banking system will lose costumers.

Of course banks are afraid of bitcoins, but try not to advertise it. We all know that the banking sector is not quite a clean industry. If the bitcoins are legalized around the world and the decree is introduced to introduce blockchain technologies into banking regulations, bankers will not be very happy with such news.

Exactly, Day by day Bitcoin is becoming a popular currency and people are becoming dependent on this system for making money by investing their money rather than the conventional banking system. That's why financial authority may concern about this crypto world.
Not only bank but also government authority concern about this growing this platform because of public finance. But nothing can be done because of the popularity.

Banks aren't scared of Bitcoin. Bitcoin is asset with violates market speculations. Banks are adopting blockchain technology Technology behind blockchain technology is changing the finance industry

Bitcoin can surely dominate the local banks in any country ass bitcoin is growing tremendously all over the world and people will surely prefer peer to peer transactions rather than any third person involved in it. This will help them in keep the transaction privet so people will use bitcoin rather than banks to store their money. I think banks should develop there own digital currency and adapt to the technology of blockchain and cryptocurrency.

Banks and bitcoins are incomparable fields.
Banks have a different vision than bitcoin
As of now, no bank has started accepting bitcoin as currency.
But Bank of America has seen it as potential currency of future. This is an optimistic gesture.
However, some associations across the world have opened bitcoin ATM, where such transactions are entertained.

Banks like to control all money around the world, Bitcoin on other hand gives you freedom. Banks taking profits from the interest rate, mortgage and loans, that why Bank bosses drive cars earning astronomical money and even bigger bonuses once a year. Bitcoin gives a chance of investment to people, it was designed as a digital currency in the first place but because is limited in quantity to max 21 million became for many an opportunity to invest or just use as saving the account. I try to invest on the stock market, and I'ts hard and you need a big amount of money just to start if you looking for at least 2000$ profit when stock price change (rise).
I did use once in my life Visa card I had a chance buy something for a good price (quick deal) so I used my VISA credit card. Payback 4000$ for investors here on the forum is just to send few ETH or 0.28 BTC but in real life is more difficult and Bank can profit from You if you just pay interest rate monthly for a while instead of your debt. That how they making money! so if there are is a Bitcoin currency and other Alts + now recently new ICO's every day people will start investing their money and make profits so Banks start losing their income and will do anything in their power to change this. That why Bitcoin are always attacked by Banks in media.

bitcoin and blockchain systems are a threat to bankers. because banking is one example of third parties that try to be trimmed by the convenience of Blockchain. the cost of transferring money abroad through expensive and long-time banks is an example of a transaction that can be easily and cheaply replaced by Blockchain. so I think one of the fears came about because most bank systems are now no more transparent than those that Blockchain can show.

I think they are after all if the bitcoin continue to dominate the financial world I think the bank would be in a huge trouble,
The bank holders would switch into holding a bitcoin instead of keeping their money in a bank.

I believe yes! Banks are threaten about bitcoin and how it can manipulate the currency we are currently using. Since bitcoin was introduce it gives so much focus on providing services banks offers to its clients and whats good about bitcoin it is more than a bank its ability to make transactions unanimously, on-line real time and even outside the countries this really makes people attracts investment on bitcoin which somehow will kill banks in the future.

Banks at first feared bitkoyna, because they did not understand its unusual digital nature and at all could not determine what kind of a new phenomenon, which, moreover, claimed a higher cost. Snuchas they are pretty wary of the crypto currency, because it is unstable, rises and falls sharply in its course, and it does not like banks. There they respect stability and silence. In addition, recently bitkoyn clearly manifested itself as a financial bubble, increasing excessively purely on the speculative aspirations of people.
       However, recently banks are trying to adapt to the new phenomenon and to take advantage of the functioning of the crypto currency, creating its own crypto currency and unifying it for its use in various alliances.

Let us be frank and honest for a moment. Banks have not had any competition for ages and they exploited their unfair advantage with the support that they received from the governments. Bitcoin supporters should give a fck about what the Banks are going to do and what will happen to them.

Business is Business and if you cannot adapt to the changing times and you have to rely on governments to protect your business, then you deserve to go bankrupt. 

They are definitely threatened by this new technology since theirs will be deemed obsolete and pretty much incompetent.

How they try to ruin Bitcoin through the media is pretty obvious that they are threatened.