Banks admit they fear BTC - page 21.

Lionel

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Quote from: pogiparin on February 20, 2018, 06:31:33 AM

Banks are scared because it could cause them to raise the inflation rates since people are having too much money that are non-taxable. This could create a market where money would have no value since the supply of money is really high. Banks are not scared because they would have a competitor, but they are scared for the welfare of the people.

Those are the typical excuses they tell you. Are they really worried for your well being? Come on.

We are paying these insane taxes to pay the public debt, but the public debt is just something they invented out of nothing!
Have you watched the Zeigest movie? Go watch it and come back

meshow1

newbie

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Quote from: slyfox on February 19, 2018, 04:27:26 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 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 on 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

It is not like we needed confirmation after all it is just common sense, this is also why taxi drivers hate uber, they hate the competition, in my country uber is cheaper and offers a better service and then the government tried to ban it to protect the taxi drivers but they realized it was useless and now they charge a small tax to every ride and even with that uber is still cheaper, this is the same except we have banks but the overall concept is the same.

For yes banks have hear of bitcoin because of those possibly scammers and crypto users who wants to get rid other people from their accounts and also it threathens them because people will forget to invest in their banks because some people nowadays are considering to invest to bitcoin.

Lionel

sr. member

Activity: 613

Merit: 305

Quote from: JainaVsUther on February 20, 2018, 06:33:17 AM

This is incredible. This is direct evidence for the masses that criminal banking cartels are holding the western world hostage. Hopefully this will backfire heavily in some way.

Yes it will backfire, as more and more people is moving their money from the bank to crypto and they are holding it.

The only thing it is missing is: too many are holding crypto on centralized and risky wallets and exchanges like Blockchain.info or Bitstamp, instead of holding crypto in their local computers.
It's better to use an official wallet client or Electrum, than leaving money on an exchange as the latter can be seized/robbed by the gov.

More people should understand that

JainaVsUther

copper member

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This is incredible. This is direct evidence for the masses that criminal banking cartels are holding the western world hostage. Hopefully this will backfire heavily in some way.

pogiparin

jr. member

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Banks are scared because it could cause them to raise the inflation rates since people are having too much money that are non-taxable. This could create a market where money would have no value since the supply of money is really high. Banks are not scared because they would have a competitor, but they are scared for the welfare of the people.

Ilegendph

full member

Activity: 434

Merit: 103

Thinking on the higher plane of existence.

Now that its confirmed. I guess bitcoin and other cryptocurrency will rise once again. This bad news that appears lately seems to be a "manipulation" to the industry. But also lately, there are news like samsung will make hardware to support btc mining, china will not totally ban bitcoin (They are dong this periodically -_-) etc can make the whole industry be healthy and benefit as much people as it can.

1Referee

legendary

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Merit: 1427

Quote from: sampalokmix on February 20, 2018, 05:44:16 AM

I see why Bitcoin was being feared by the backs because the profit will not end to their hands, the people will dependently invest in Bitcoin which is a competition to the banks cause the money of the poeple will definitely grow unlile to them you have to wait for years for you to have the interest but still in lower state of price.

It has nothing to do with profits at all. Bitcoin = banks are obsolete, unneeded, don't serve their main purpose anymore, etc. Don't forget that banks are also an extension (slave) of the government in terms of localizing wealth, potentially prohibiting someone from being able to create a bank account, stealing people's money in form of a haircut, etc. In other words, it doesn't only impact banks, but indirectly also the government. It's safe to say that the far majority of our wealth maintaining and transacting happens within centralized ecosystems provided by financial institutions. It's a shocking fact that not many people here seem to think about, and also don't give Bitcoin the credits for offering people so much financial freedom.

scorilo

newbie

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that's why they should stop the fight with the cryptos and try to create a solution for it to make a bridge between banks and crypto.

ss890

sr. member

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Merit: 263

Yeah the propaganda was made up thing from he government side and they have already learnt the lesson for it. This fishy stuff was very popular in my country until the budget 2018 was finalised and then government agreed on the use of the block chain technology within the country. As far as I know, my country is already fear some about the whole idea of crypto currency and they think that it will increase the black market within our country in enormous ways. But after the shockingly good news I believe that everything will be in our hands now on how to use the bitcoin and what ways can be taken out for that purpose. The government is not going to interfere into it but they going to invest into it. After all they know the beauty of crypto currency now.

sampalokmix

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Investing in the future development of blockchain

Quote from: O$IRIS on February 19, 2018, 09:06:05 PM

Banks neglected Bitcoin & Blockchain innovation for a while; now they are starting to awake all of a sudden.

As the time shows, this won't change the history of their inevitable collapse.

I agree with this, the basic I see why Bitcoin was being feared by the backs because the profit will not end to their hands, the people will dependently invest in Bitcoin which is a competition to the banks cause the money of the poeple will definitely grow unlile to them you have to wait for years for you to have the interest but still in lower state of price.

Nylelyn

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Merit: 13

Bitcoin can really be a threat to bank institutions not only because of the immense popularity but due to innovative advancement that changes the traditional practice in terms of banking and money handling. The development of bitcoin has open the eyes of people they can do their own banking at the comfort of their home and does not need bank services. Bitcoin is a better high profit investment unlike bank time deposits in which interest are very low, digital wallet allows users to pay and transfer anytime and anywhere. Therefore, people might need banks lesser. They fear btc because they know that with its highest technology and popularity, bitcoin may grow bigger since people support it due to the fact that they earn big amount from it.

tabas

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Top Crypto Casino

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

Go crypto and HODL my friends.
They fear crypto because it can save us

It can save us and it can also loose their business.

Quote from: gua86402 on February 20, 2018, 04:47:02 AM

BTC itself is central bank, BTC is money!

If you ever experienced creating your own blockchain.info wallet, there's a quote there "Be your own Bank!". So having a bitcoin wallet is already having our virtual bank account so banks will be useless if everyone starts to put their wealth to crypto's.

btc_angela

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Quote from: gua86402 on February 20, 2018, 04:47:02 AM

BTC itself is central bank, BTC is money!

Banks are naturally afraid of competition, which will bring new competition to financial markets and replace some of the Banks' businesses!

Less banking means less profit!

Right. Being in crypto, we are our own bank. So its obvious that banks doesn't like bitcoin because they are going to lose potential profits from it. Imagine people not going into the usual route when moving money around. That's billions of dollars getting out of their hands.

So to eliminate competition, they will attack it. They are waging wars against bitcoin now and I think it will be a continuing battle. But bitcoin will not eliminate banks, and it has no intention to do in the future.

gua86402

newbie

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BTC itself is central bank, BTC is money!

Banks are naturally afraid of competition, which will bring new competition to financial markets and replace some of the Banks' businesses!

Less banking means less profit!

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

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

[...]

we have two things:

Anonymity and profits.

Anonymity

the banks ask for documents to all who want to open account and this facilitates to limit the movements of someone when that someone commits some crime and becomes a fugitive of the police, the court blocks the account of this criminal.

Now, in the case of bitcoin it will not be possible to do that, the person can be a great criminal and will have his funds well-saved to use whenever he wants and the police and the courts will not have to block the funds of that person.

Profits:

Banks take the money from new deposits to make loans to other people and if people have something like bitcoin you can create your wallet and store your bitcoin and at the same time your bitcoin increase in value it is more useful than saving in the bank.

The banks will not die and we'll always need them. unfortunately

metenjean

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Activity: 854

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Its normal advices actually, because they fear the volatility of bitcoin which can make people wealthy in instant and also lose all their saving in a single night. People affected by greed rather than logical minded in investing something and when people started to recognize the surging price of bitcoin, there will be lots of people investing in it and BOOM there goes the investment just like last month. Grin

If you're investing in the long term and having enough saving to continue your life, then its good and you dont have nothing to worry but what economist and government fear is that if majority people invest all their money in cryptocurrencies and because of price volatility that made it more like a bubble, when the price fall and you invest all your life saving in it then you totally a broke man by now. Now, what if majority people do that kind of investment? The economy will started to collapsed and leaving people dealing with debts and more.

CherRic

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Merit: 12

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
---

All Bitcoin holders and users knew about this long before. Banks are important in every government. They regulate and control fiat currency, check the balance and distribution of the people. However, banks also are politicians and official's allies. Banks are afraid of Bitcoin because they will lost a lot of investors and believers in banking investment.

vintages

full member

Activity: 966

Merit: 153

Well, I knew this long ago, We needed no expertise to say it twice before we fully know. The banks hates crypto, to them, it like a big competitor that needs eliminating. They feel that with crypto people don't need them anymore; if people are holding their money themselves through digital means which is easily accessible, of what use is the bank then? They are of no use, since almost all their features, loan, retirement saving etc. can be gotten through crypto.

BillCoin

sr. member

Activity: 476

Merit: 259

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
---

It's obvious that banks fear bitcoin as it aims to destroy their business, it's understandable and pretty clear, but some people are getting confused when their bank doesn't let them open a bank account for bitcoin purposes, it's not because the bank fears from bitcoin, it's because he has to prevent money laundering and he can't really do that with bitcoin, as the exchanges are anonymous and he doesn't own any connection with them to verify that you are not laundering money.

jemarleon

member

Activity: 420

Merit: 13

Silence

Not all banks are happy with the Bitcoin surge. The Polish Central Bank (NFB) was just caught redhanded and admitted it paid a YouTuber to attack digital coins online. The bank also invested in Google and Facebook campaigns for the same purpose, according to NewsBTC .

HOLD ON AND WE WILL RISE AGAIN.

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