Banks admit they fear BTC - page 18.

poplolnman

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Quote from: usam_coiner on February 25, 2018, 05:38:16 AM

Quote from: BitcoinNational on February 25, 2018, 05:10:05 AM

They know that the BTC and the other coins are a real threat to their own monopoly. They are willing to do anything to keep this place.
For the moment, I still hear a lot of persons around me that don't believe in the crypto. All the fake news that they subsidise are probably partly responsible.

yeah they are right because banks only worked for their own benefits only minute profit was given to the customer and now bitcoin is here and people are taking out their money from banks and investing into bitcoin because it is truly for people,

The simple logic are like that, banks don't want their service become abandoned. People nowadays become smarter on choosing which one better money system and they found it great in Bitcoin, of course there's a lot of people who prefer to use banks for security reasons too but sooner or later they would realize about this, banks shouldn't fear, just adopt how crypto works.

fiulpro

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Quote from: petyang12 on February 26, 2018, 12:31:53 PM

Quote from: Lionel on February 19, 2018, 01:08:44 PM

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
---

They're afraid of cryptocurrency because there is a tendency that cryptocurrencies will replace fiat money but it's impossible in a country that is not rich but to those country that is rich there is a possibility that they accept cryptocurrency as a replacement to fiat money and will used as money.

Well the not so developed countries will still take decades to adopt any form of cryptocurrency and completely eliminate fiat.
But the developed countriea have at present an option where they can quite gradually shift from fiat to cryptos. This would not be a very good ews for the banks. Thus they are afraud of btc.

But even for this to happen, allot needs to be done. All the banks need to be re-enforced to a system where now they deal with cryptocurrencies rather den paper money because certainly the existing banks cannot be dumped just like that. Also the government of any developed country would mot simply let any cryptocuremcy, be it bitcoins, take over without any check by government itself. It will certainly bring new reforms and have its authority over the digital money in one way or the other.

petyang12

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Quote from: Lionel on February 19, 2018, 01:08:44 PM

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
---

They're afraid of cryptocurrency because there is a tendency that cryptocurrencies will replace fiat money but it's impossible in a country that is not rich but to those country that is rich there is a possibility that they accept cryptocurrency as a replacement to fiat money and will used as money.

faceoff97

full member

Activity: 644

Merit: 113

Im actually not surprise about this news, obviously we don't see any reported news about good side about bitcoin in the mainstream Media, instead they keep on relating it to negative such as drug trading and scammo activities. The word Bitcoin wss being tried nto be aktered into a new meaning scam. Bitcoin is now becoming a threat ti the government, and niw they are taking action to stop its growth. But I dont feel worried about it , because with or without the intervention of government, bitcoin will still go on.

shellomomma

jr. member

Activity: 37

Merit: 1

They cant beat BTC so they find a way in Ripple. But most people now understands the power of decentralization and hence the rise of BTC,

JC btc

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Quote from: hachiman13 on February 26, 2018, 11:00:08 AM

Of course they fear bitcoin, it is decentralized-- contradicting their core motives. Something is brewing underneath and the cryptomarket is just waiting for the right timing until banks totally give proper recognition that bitcoin deserves.

I don't think they feared bitcoin literally, I think that they were just afraid that many people will withdraw their investment and will just invest in crypto without any further investigating what kind of crypto they were investing at, and just like the government they were also concern to people that they can possibly victim of a scam.

hachiman13

full member

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Of course they fear bitcoin, it is decentralized-- contradicting their core motives. Something is brewing underneath and the cryptomarket is just waiting for the right timing until banks totally give proper recognition that bitcoin deserves.

mahilchii

member

Activity: 560

Merit: 13

Quote from: xuv500 on February 25, 2018, 02:38:03 AM

Bitcoin's Double Spend Problem allows Bitcoin to be sent directly from one person to another without using any third party like banks. This game changing Bitcoin makes banks fear that they could not exist. In this scenario banks are slowly, indirectly and purposely adopting themselves to crypto currency, example of that is Ripple.

Banks are trying to force the governments to ban Bitcoin in their jurisdiction because of the fear that they cannot steal money from people by way of charges and fees. But they can do that interim and Bitcoin will survive after all negative huddle.

Bitcoin is a transformation of paper currency to digital or crypto. Denying such a potential is equal to denying the reality of globalization.

Well said. Banks not only fear about Bitcoin, banks are trying to stop the growth and potential of Bitcoin by spreading negative news all over the world and creating a wrong opinion among people. Bitcoin will never ever slow down or stop because of the negative hype created by banks.

Auditan04

newbie

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Quote from: Lionel on February 19, 2018, 01:08:44 PM

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
---

Creating fake news to discredit the crypto is not new that’s why it is important that this news is shared to our forum. And because of this, Central bank has a lot of reasons to have deep concern with the current development in cryptocurrency. More people are getting aware of the benefits of having a crypto compare to traditional money (fiat). The good thing with crypto is it is decentralized with no one controlling it price and truly a revolutionary financial system.

komatovo

newbie

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Quote from: Lyne01 on February 25, 2018, 02:50:44 AM

Quote from: Lionel on February 19, 2018, 01:08:44 PM

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
---

Banks are thinking now that people are more interested to invest in cryptocurrency than in them. They see that people are spending their money and their time looking for good cryptocurrency to invest in. In this way, banks are worried because they are overtaken by crypto.

There is also some trepidation from banks that the early regulation of cryptocurrencies, and associated new technologies, may legitimize their adoption

jaredl

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I think all Central banks will have some fear over cryptocurrencies as a decentralized currency will mean that the Central Banks will no long have control over the money supply or the exchange rate of their own state currency. Then the central bank will cease to exist as they will not be able to influence any monetary policy.

But commercial banks can see this crypto trend as a opportunity and provide more services to customers to buy/sell/invest/trade crypto and make tonnes of money doing this. Any commercial bank today that is willing to accept crypto as a deposit or to provide liquidity to crypto customers will see a huge influx of funds overnight. But I suspect they do not want to offend the Central bank or they are tied by regulations to provide this to crypto customers..

Soon we will see Central banks offering their own state-back cryptocurrencies.. one that they can control and one that they can use to continue to maintain control over us as citizens..

What we as citizens of the new world can do is to support decentralization of power and not be tied to any authority by promoting the use of decentralized currencies.. buy and use crypto!

Dudeperfect

hero member

Activity: 1190

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It's not just the Bitcoin that is powerful but I do see on a broader scale that blockchain technology is something that we should nourish for inculcating the vision of Satoshi in order to take away power from the central authority and transferring it to the users in a democratic manner. Blockchain technology is the way of optimising the traditional process in order to save time and cost and that's the reason why banks are worried about it. I do see many major banks will get into blockchain to compete with cryptocurrencies in the coming years.

usam_coiner

newbie

Activity: 42

Merit: 0

Quote from: BitcoinNational on February 25, 2018, 05:10:05 AM

They know that the BTC and the other coins are a real threat to their own monopoly. They are willing to do anything to keep this place.
For the moment, I still hear a lot of persons around me that don't believe in the crypto. All the fake news that they subsidise are probably partly responsible.

yeah they are right because banks only worked for their own benefits only minute profit was given to the customer and now bitcoin is here and people are taking out their money from banks and investing into bitcoin because it is truly for people,

BitcoinNational

legendary

Activity: 1470

Merit: 1010

Join The Blockchain Revolution In Logistics

They know that the BTC and the other coins are a real threat to their own monopoly. They are willing to do anything to keep this place.
For the moment, I still hear a lot of persons around me that don't believe in the crypto. All the fake news that they subsidise are probably partly responsible.

alphaomega.f

member

Activity: 154

Merit: 11

the issue is mainly about competition. banks and bitcoin has their own unique characteristics but we can see that bitcoin has some advantages over banks that's why it is feared.

Cryptoandrius

newbie

Activity: 106

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They don't fear they gonna make their own "bitcoin", I suppose

MattF24

newbie

Activity: 88

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It's not that they just want to control. Their business runs on transactions and if they lose a lot of transactions, then they lose a lot of funds which might make them lose their business sooner or later.

redsap

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Activity: 336

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Harmony for One and All

Quote from: Lionel on February 19, 2018, 01:08:44 PM

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
---

Damn my speculation about bad news come is right btw thank you for share the article. It seems fishy if they dont afraid with bitcoin. capitalisme like them is greedy want to control. They know they can't control bitcoin so they want crush bitcoin

jcarlo

member

Activity: 798

Merit: 10

Off course bank affraid on bitcoin or cryptocurrency. Because they cant control on supply and they dont want to lose control on fiat money. On fiat money, they just able to print money from thin air and do like they want to do. In bitcoin, supply is limited and not regulated

millgates

sr. member

Activity: 714

Merit: 250

Thats normal, probably they will do something to make people avoid bitcoin. Yes, we must hold bitcoin. Bitcoin is a part of future .we don't need bank, we now have better technology for our transactions.

Topic: Banks admit they fear BTC - page 18. (Read 2124 times)