Topic: Banks admit they fear BTC - page 13. (Read 2110 times)
Nice to hear that they admit their weakness
Everybody fears for one thing they can not management, same with govt and banks, since cryptanalytic cash is decentralised, they can not simply management the web market, but this issue is running since the day bitcoin snatches the thought of voters, this affirmation nailed it. In spite of the actual fact that it's evident and as of currently anticipated that may happen. Govt and banks area unit to boot receiving, and actually into handicapping the market. In any case, bitcoin is path before of them.
Obviously, Bank has to fear from BITCOIN as BTC can end Bank's career in upcoming years. BTC can be used an alternative mode of payment which can make people shift from centralized to decentralized payment mode.
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.
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.
Gotta stop ya right here for what is obviously unsubstantiated nonsense. Banks and governments don't want people in poverty or slavery. You have to live in a fantasy world to believe that. It's well established that everyone makes more money when everyone participates more fully in the economy. The more consumers there are buying goods and services, the more financial products they demand (good for banks) and the more taxes they pay (good for governments). This "I want to believe in every conspiracy theory against crypto" garbage that people go out of their way to peddle on these boards is getting out of control.
It is true that some negative news about bitcoin today is very often publicized, even many big banks have been bitterly opposed to bitcoin because they fear that bitcoin will radically interfere with their business model and for other reasons why they reject it against bitcoin. But in reality, the banks have seen blockhaind technology for a breakthrough in the banking system but will eliminate the decentralized system that has become the foundation of bitcoin. This of course there will be bank control and eliminate the existing transparency system and also the bitcoin.
All is about competition. If we look back, the competition between banks itself has often happened, even the WesternUnion option with money transfer service around the world faster than the bank transfer is certainly also a threat to the Bank. Crypto currencies, which can send money in the form of crypto in minutes and very low cost like dogecoin, stellar, etc. and can be converted to local money in some online exchanges. This certainly adds to the panic of banks that the choice of modern technology certainly threatens their stability. 
I dont know why banks a not using bitcoin but bitcoin is a good exchange
I found an article entitled: Central banks could hold bitcoin and ether for the first time in 2018, cryptocurrency CEO says
According to the article soon they will start on using Cryptocurrency. The goverment might not get the full grasp of cryptos, they have other ways, that is by regulations. An excerpt from the article:
"I think this year will be the first year we start to see central banks start to hold digital currencies as part of their balance sheet," Peter Smith, CEO of Blockchain, told CNBC.
Banks really fear Bitcoin. Only one example: central Bank in Poland with some other finance institution organized campaign to discredit Bitcoin and cryptocurrencies. It was done through Youtube recently.
Well, some countries will do some counter measure in order for them to protect their economic growth (GDP). They needed it to improve the country itself, and by that they need taxes and other ways. But since cryptocurrencies are decentralized, they don't have the power to take control, so their solution is to regulate OR worse ban for good.
Banks really fear Bitcoin. Only one example: central Bank in Poland with some other finance institution organized campaign to discredit Bitcoin and cryptocurrencies. It was done through Youtube recently.
If all the investors would pull the money from the banks and made the investment into cryptocurrencies banks would be broken.
If all other people which have never invested would do the same banks would fall.
Government is fearing of the consequences from the losing all the money we are actually lending them because the only system to get the payment from the regular job is through the bank.
The future is unpredctable and I doubt that the banks will fall but they cannot discredit the cryptocurrencies anymore because more and more people are realizing the true intentions behind government masks and delusions.
You got the point there and I guess this is the main reason why the government banks and corrupt officials in my country spreading a complete awareness through television news that it is not a good idea to invest in digital currencies for their reason that it is risky and no assurance of return of investments but some people who know alot about bitcoin doesn't listen to these lies but rather they just continue to support bitcoin. Greedy and dirty politicians just wanted all for themselves they simply doesn't care for the less fortunate people to get over from poverty.
Banks really fear Bitcoin. Only one example: central Bank in Poland with some other finance institution organized campaign to discredit Bitcoin and cryptocurrencies. It was done through Youtube recently.
I dont know why banks a not using bitcoin but bitcoin is a good exchange
It is true that some negative news about bitcoin today is very often publicized, even many big banks have been bitterly opposed to bitcoin because they fear that bitcoin will radically interfere with their business model and for other reasons why they reject it against bitcoin. But in reality, the banks have seen blockhaind technology for a breakthrough in the banking system but will eliminate the decentralized system that has become the foundation of bitcoin. This of course there will be bank control and eliminate the existing transparency system and also the bitcoin.
That is a good reason why the banks are afraid of crypto currencies. This crypto currencies can really give us good earning and most of the investors from the banks are going to invest in crypto currency because it has a more great interest than puting your money in a bank. The banks may encounter a decrease of investors and stakeholders because of this.
We're getting more into competition everyday that brings us into trouble and misunderstanding. Actually, banks will sure get worried cause crypto is getting strong and continuously spreading worldwide. With that happenings, it may consider that a lot of people where getting into it and left banks. They just totally worried of how much they loss when people will leave them, because crypto won't need banks and banks may become not useful at that time.
Bank will worries on cryptocurrency because when people adopting crypto, bank wont needed anymore as intermediary transaction. Their transaction will more small than now and people will more save money if adopting cryptocurrency for their transaction
Its not even about the profits though...it is about losing the control of surveillance on their customers. Don't know who is upset more the banks or the governments here, but the freedom is what they don't want us to have. That is what they fear the most I believe, and that is why I am in love with Bitcoin.
Control is more something that plays an important role for governments rather than banks. Don't forget that banks are nothing more than a tool for governments to control people's wealth. Controlling people's wealth translates into controlling people themselves, that important is the financial aspect. Banks will abide by all rules the government comes up, and that without hesitation. At worst, banks on their own do fear how much crypto in its entirety will be able to eat away its market share in the future. Crypto allows you to be your own bank to maintain value, move value without central approval at any second of the day, etc. It basically means that essentially, a large portion of their core business has become redundant at the moment crypto became a thing. It doesn't mean banks are entirely redundant, but just partly, which we as crypto enthusiasts can be proud of.
yes you are right this possibility bank just scared about the existence of digital currency like cryptocurrency that there can also be used to save money so bank only used to withdraw money only.
It may happens that banks are used only of having such transactions but not enough to be worried so much. The things they worried is that, when no one's will used banks anymore. But considering that we all not engage in crypto, still a lot of people using banks and there is no chances of putting an end to fiat banking system. 
Yes bank should be afraid of Bitcoin. Why? Because Bitcoin is decentralized and it is open for all. Compare to bank, bank profit on people who bank their money. Were they got nothing in return. Except for those account is savings. Bank can freeze your account which is the worse thing. I know that, that only happens to people who have criminal cases. But what would happen to the family of that person if it got freeze. Which I am more favor to Bitcoin in that case. There will be a big competition between bank and Bitcoin. What I see is Bank will start to loose client. A lot of client will entertain Bitcoin most specially the one that are poor, Bitcoin is open for all. Because of us more and more people are joining and entertaining Bitcoin and a lot now are supporting Bitcoin.
Definitely, bank are afraid on bitcoin because of the capabilities and less payment when it comes to transaction, we all know that bitcoin proudly entertain people and encourage for the opportunities that has. If we compare about bitcoin and bank, definitely bitcoin is better because it has more capabilities and opportunities while in bank its more about in saving and has no return of profit.Bitcoin is also our future currency and our earning of income.
Yes bank should be afraid of Bitcoin. Why? Because Bitcoin is decentralized and it is open for all. Compare to bank, bank profit on people who bank their money. Were they got nothing in return. Except for those account is savings. Bank can freeze your account which is the worse thing. I know that, that only happens to people who have criminal cases. But what would happen to the family of that person if it got freeze. Which I am more favor to Bitcoin in that case. There will be a big competition between bank and Bitcoin. What I see is Bank will start to loose client. A lot of client will entertain Bitcoin most specially the one that are poor, Bitcoin is open for all. Because of us more and more people are joining and entertaining Bitcoin and a lot now are supporting Bitcoin.
Definitely, bank are afraid on bitcoin because of the capabilities and less payment when it comes to transaction, we all know that bitcoin proudly entertain people and encourage for the opportunities that has. If we compare about bitcoin and bank, definitely bitcoin is better because it has more capabilities and opportunities while in bank its more about in saving and has no return of profit.Bitcoin is also our future currency and our earning of income.Yes bank should be afraid of Bitcoin. Why? Because Bitcoin is decentralized and it is open for all. Compare to bank, bank profit on people who bank their money. Were they got nothing in return. Except for those account is savings. Bank can freeze your account which is the worse thing. I know that, that only happens to people who have criminal cases. But what would happen to the family of that person if it got freeze. Which I am more favor to Bitcoin in that case. There will be a big competition between bank and Bitcoin. What I see is Bank will start to loose client. A lot of client will entertain Bitcoin most specially the one that are poor, Bitcoin is open for all. Because of us more and more people are joining and entertaining Bitcoin and a lot now are supporting Bitcoin.
Definitely, bank are afraid on bitcoin because of the capabilities and less payment when it comes to transaction, we all know that bitcoin proudly entertain people and encourage for the opportunities that has. If we compare about bitcoin and bank, definitely bitcoin is better because it has more capabilities and opportunities while in bank its more about in saving and has no return of profit.Bitcoin is also our future currency and our earning of income.Yes bank should be afraid of Bitcoin. Why? Because Bitcoin is decentralized and it is open for all. Compare to bank, bank profit on people who bank their money. Were they got nothing in return. Except for those account is savings. Bank can freeze your account which is the worse thing. I know that, that only happens to people who have criminal cases. But what would happen to the family of that person if it got freeze. Which I am more favor to Bitcoin in that case. There will be a big competition between bank and Bitcoin. What I see is Bank will start to loose client. A lot of client will entertain Bitcoin most specially the one that are poor, Bitcoin is open for all. Because of us more and more people are joining and entertaining Bitcoin and a lot now are supporting Bitcoin.
Definitely, bank are afraid on bitcoin because of the capabilities and less payment when it comes to transaction, we all know that bitcoin proudly entertain people and encourage for the opportunities that has. If we compare about bitcoin and bank, definitely bitcoin is better because it has more capabilities and opportunities while in bank its more about in saving and has no return of profit.Bitcoin is also our future currency and our earning of income.
Yes bank should be afraid of Bitcoin. Why? Because Bitcoin is decentralized and it is open for all. Compare to bank, bank profit on people who bank their money. Were they got nothing in return. Except for those account is savings. Bank can freeze your account which is the worse thing. I know that, that only happens to people who have criminal cases. But what would happen to the family of that person if it got freeze. Which I am more favor to Bitcoin in that case. There will be a big competition between bank and Bitcoin. What I see is Bank will start to loose client. A lot of client will entertain Bitcoin most specially the one that are poor, Bitcoin is open for all. Because of us more and more people are joining and entertaining Bitcoin and a lot now are supporting Bitcoin.
Jump to: