Topic: Banks admit they fear BTC (Read 2110 times)
Banks are indeed very powerful but at the same time their power comes from the people, if at some point people decide to take that power away from them they will be unable to stop them and I think that is what we are seeing right now and that is why they are so afraid, they are starting to see signs that this may be starting to happen.
sure banks certainly afraid approximately cryptocurrency lifestyles. Banks and crypto may have a warfare sooner or later and possibly crypto can be the motive in their bankrupts at some point due of people did now not store their cash in banks while humans have sufficient know-how in crypto genuinely humans choose to put money into crypto.
Yes, you are right, maybe this is indeed a bank that is very scared if customers leave the bank and leave the bank, which will eventually choose to save the money in cryptocurrency and eventually the bank will go bankrupt.
Banks gets their income from client's money, and this won't be suprising specially if the government is there to back them up.
The government and banks might have seen crypto's potential that some of us might not yet and they're now doing anything to stop it.
Let's wait and see what crypto would be in a few years.
The government and banks might have seen crypto's potential that some of us might not yet and they're now doing anything to stop it.
Let's wait and see what crypto would be in a few years.
They really must admit it because of the blockchain technology innovations they can be deleted or surpassed by cryptocurrency.
In the aspects of the transaction, they are not needed if the cryptocurrency will be adopted there will be no middleman third-party fees to pay with.
I think governments are testing crypto potential, if it can be oppressed by some shitty news then why anyone should go for crypto. I think its being test to know the scale of crypto and its potential as substitute for paper money. sooner or later you will see everywhere crypto currencies or you may call National Digital Currencies . because it is traceable, transparent, secure, protected, has governance, instant transfers
In my opinion, banks are afraid of cryptocurrency because of the fact that cryptocurrencies are held virtually, meaning, people are holding as much money as they want without having someone or a third party to mediate with, and this means you alone are controlling whatever amount of money you have. So the bank is technically not needed any more.
I don't think that banks are afraid of BTC, there's nothing to be afraid of because banks are the most stable and when it comes to security they are the most reliable.
In my opinion, banks are afraid of cryptocurrency because of the fact that cryptocurrencies are held virtually, meaning, people are holding as much money as they want without having someone or a third party to mediate with, and this means you alone are controlling whatever amount of money you have. So the bank is technically not needed any more.
Banks should not be afraid, because this is a new economic revolution so they only need to adapt and observe to control the exchange activities of their respective countries. I think the news is polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos also orders, these videos are also not circulating anymore. The bank currently earns a lot of income from credit, while the money transfers that benefit are not banks, but transfer systems such as Mastercard and visa. so, the bank is afraid of cryptocurrency is wrong, but the shipping system entrepreneurs who fear their income is reduced.
Of course they do, it's a whole new system that surpasses them and it's not even for their benefit. Bank system is totally different, it'd hard for them to adapt.
Obviously banks will really fear cryptocurrency because the market price and growth of bitcoins is continuously growing, that is the reason why you should hold your coins today or invest even more in the market.
This will be the effect of crypto currency that that are now rising on top, the banks would really worry because some of their clients will have possibility of shifting investments from bank to cryptocurrency and this bank is a financial business , and they can not afford to lose profits ,that is why they fear about this bitcoin technology .
https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos
Something i have been suspecting for a long time, now it has been officially confirmed.
Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.
The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.
Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money[1] with other people directly from remote (that is a plus compared to cash ).
This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).
Go crypto and HODL my friends.
They fear crypto because it can save us
---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---
Something i have been suspecting for a long time, now it has been officially confirmed.
Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.
The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.
Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money[1] with other people directly from remote (that is a plus compared to cash ).
This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).
Go crypto and HODL my friends.
They fear crypto because it can save us
---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---
will,in this situation supposedly banks should not fear about cryptocurrency thats its will alter them someday and bring into a different country as a cashless society,instead of helping each other to improve the economic growth and social responsibility,otherwise sometimes we could not blame the banks thats its feel fear about crypto,because they thinks once the digital system would be regulated,evertyhing about money currency would be changes into digital figures.
Of course they do, it's a whole new system that surpasses them and it's not even for their benefit. Bank system is totally different, it'd hard for them to adapt.
Banking system is different from crypto, they lend our money with almost nothing in return and we are not even sure if we could that money again in the future if we need it. In crypto, we have full control of our asset and we could spend whenever we want. For sure banks are afraid of it because their income depend on the transactions that people made with them so if no transaction means no income for them.
Banks gets their income from client's money, and this won't be suprising specially if the government is there to back them up.
The government and banks might have seen crypto's potential that some of us might not yet and they're now doing anything to stop it.
Let's wait and see what crypto would be in a few years.
The government and banks might have seen crypto's potential that some of us might not yet and they're now doing anything to stop it.
Let's wait and see what crypto would be in a few years.
Of course they do, it's a whole new system that surpasses them and it's not even for their benefit. Bank system is totally different, it'd hard for them to adapt.
Bitcoin has gained a lot of popularity in the last few months and it is becoming a strong competition for Banks. People are now investing their money in Bitcoin instead of saving it in banks. This is because investing in Bitcoin provide them more profit than the increment they get monthly or annually by saving their money in banks. People can now keep an eye on their money and no sort of interference is there by any third party such as banks. People can now deposit or withdraw at any time without any sort of paper work.
It's not becoming a competition for banks. In the last 8 months, enthusiasm for Bitcoin has been falling along with the price. At its height last December, you couldn't say it was becoming a competitor for banks because NO ONE is using it as such. This pipe dream that BTC is going to overthrow the banks needs to die, because it's directly related to the irrationality of the price in the markets.
https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos
Something i have been suspecting for a long time, now it has been officially confirmed.
Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.
The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.
Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money[1] with other people directly from remote (that is a plus compared to cash ).
This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).
Go crypto and HODL my friends.
They fear crypto because it can save us
---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---
Something i have been suspecting for a long time, now it has been officially confirmed.
Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.
The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.
Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money[1] with other people directly from remote (that is a plus compared to cash ).
This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).
Go crypto and HODL my friends.
They fear crypto because it can save us
---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---
As the technology is moving forward, there is a higher possibility of changes and this will include the systems in banks. But maybe also then is a possibility that banks will be less likely for the people to transact with.
Bitcoin has gained a lot of popularity in the last few months and it is becoming a strong competition for Banks. People are now investing their money in Bitcoin instead of saving it in banks. This is because investing in Bitcoin provide them more profit than the increment they get monthly or annually by saving their money in banks. People can now keep an eye on their money and no sort of interference is there by any third party such as banks. People can now deposit or withdraw at any time without any sort of paper work.
Absolutely agree! I believe that the banking system and, in general, the entire economic system as a whole has already outlived itself. As much as it would be desirable that people would not yield to the provocation of the media. I still hope that banks will fall in this fight.
Outlived itself how? The economy is a result of the banking system we have. Credit is the essential ingredient that grows the economy. The economic system hasn't outlived itself. Prosperity is what creates peace. The world wars were both caused by economic tensions that were used to exacerbate nationalist tendencies. The EU is largely an effort to foster cooperation and create aligned economic interests as a means of avoiding nationalism, which is now failing in the face of growing riftwing extremism. The current economic system is out best hope for continued stability. The notion it has outlived itself is silly.
https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos
Something i have been suspecting for a long time, now it has been officially confirmed.
Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.
The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.
Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money[1] with other people directly from remote (that is a plus compared to cash ).
This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).
Go crypto and HODL my friends.
They fear crypto because it can save us
---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---
Something i have been suspecting for a long time, now it has been officially confirmed.
Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.
The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.
Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money[1] with other people directly from remote (that is a plus compared to cash ).
This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).
Go crypto and HODL my friends.
They fear crypto because it can save us
---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---
As the technology is moving forward, there is a higher possibility of changes and this will include the systems in banks. But maybe also then is a possibility that banks will be less likely for the people to transact with.
I think banks will soon come up with a mechanism for lending individuals crypto-coins. That is, They will issue bitcoins, and we will pay for them with Fiat money. On the one hand, this is a good opportunity for us to buy bitcoin in installments, but we will have to pay more % and Commission. This segment will remain for the banks.
Anything that makes it easier for the people to buy and hold bitcoin will be a big step towards worldwide adoption.
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