Topic: Banks admit they fear BTC - page 4. (Read 2110 times)
I don't even understand why the oldies don't want the young people to also explore opportunities that could help save them. Blockchain and cryptocurrency have been offering people accross the world with a variety of opportunities but these people always try their best to discredit this new technology. It's very sad and bad.
It's just that banks do not know what role they can play in the cryptoworld. As soon as they take their position, then they stop slandering bitcoin.
Makes sense after all bitcoin has gone through, but it's still surviving and getting stronger!
The spread of digital money is undesirable for banks, given their current problems, which they have faced recently. Speech, first of all, is about low demand for loans, lower profits due to lower interest rates and fading hopes for deregulation. The negative attitude of banks to the cryptocurrency is gradually beginning to manifest itself in the open. Probably the general fear among banks regarding Bitcoin is that it completely destroys the need for intermediate transactions between financial institutions.
Yes, I think it really is. First of all, because it is a direct competition to banks. You can imagine what will happen if people stop carrying money to the Bank and carry everything to the cryptocurrency market.
Minimal transaction fees and great interest - that I'm afraid all the banks
Minimal transaction fees and great interest - that I'm afraid all the banks
The thing that would be worrisome for banks especially for investors, they will switch investments in bitcoin. But the bank will not lose its function .. banks and bitcoin will be combined because the bank where melting crypto.
I am just hoping that it would be a wake up call for banks that they should see how much people are hunger for a great investment that they did not give to investors/depositors. Hope they can find way for them to consider bitcoin in their system.
I think they haven't seen it yet. This banks are still confident that people are still gonna be choosing their platform where to save their money. Because of their propagandas towards bitcoin. 2017 was the hype for bitcoin not just because of the price but because they are also sending false informations that makes the bitcoin image not so good.
Banks must be preparing facing cryptocurrency. Banks already survive for many years and they will adapting on cryptocurrency. Bank have good infrastructure and with that, banks will survive and maybe take advantages on cryptocurency market
Im sorry but i think that is not what they are trying to do now. Banks are still keep on telling people that bitcoin is a form of ponzi scheme that might ruin someone's life. In fact as you can see until now there are still no direct bank to bitcoin transactions. Some banks also has rules that if you are a bitcoin holder you can't use their service
Yes bank admitted that they have feared on BTC, because some investors shifted their investment in crypto they saw high potentials from it a real profit rather, not just bank who are afraid on crypto but also some governments because for the first time ever banks and governments do not have control on money game.
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
That's a lot of good read articles thanks. Besides that, they also want to harness the blockchain tech for their use but they don't want a decentralized one. The real reason why banks and government(most of them) hate Bitcoin is not just because of the reason you stated OP, but because they cannot control our money that way and using it is bad for them because of blockchain's transparency that will make it harder for corrupt ones to steal on people's money.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
I am just hoping that it would be a wake up call for banks that they should see how much people are hunger for a great investment that they did not give to investors/depositors. Hope they can find way for them to consider bitcoin in their system.
I think they haven't seen it yet. This banks are still confident that people are still gonna be choosing their platform where to save their money. Because of their propagandas towards bitcoin. 2017 was the hype for bitcoin not just because of the price but because they are also sending false informations that makes the bitcoin image not so good.
Banks must be preparing facing cryptocurrency. Banks already survive for many years and they will adapting on cryptocurrency. Bank have good infrastructure and with that, banks will survive and maybe take advantages on cryptocurency market
Fears of banks is pretty obvious they have always been scared and know the implication of that for me. Come to think of it, my bank has been giving me some good interest on my savings recently, which has not really been something I have seen much from the past, and also, I keep getting the message of doing international transactions and getting some benefits. It seems they are really beginning to see how the power is leaving their hands.
I am just hoping that it would be a wake up call for banks that they should see how much people are hunger for a great investment that they did not give to investors/depositors. Hope they can find way for them to consider bitcoin in their system.
I think they haven't seen it yet. This banks are still confident that people are still gonna be choosing their platform where to save their money. Because of their propagandas towards bitcoin. 2017 was the hype for bitcoin not just because of the price but because they are also sending false informations that makes the bitcoin image not so good.
Yeah right, I think they are the reasons why bitcoin price drastically decreasing because of so many bad news involving the use of bitcoin. But they will never succeed ruining the bitcoin.
I am just hoping that it would be a wake up call for banks that they should see how much people are hunger for a great investment that they did not give to investors/depositors. Hope they can find way for them to consider bitcoin in their system.
I think they haven't seen it yet. This banks are still confident that people are still gonna be choosing their platform where to save their money. Because of their propagandas towards bitcoin. 2017 was the hype for bitcoin not just because of the price but because they are also sending false informations that makes the bitcoin image not so good.
Yes, of course. bitcoin is the first decentralized peer-to-peer payment network supported by its users without central authority or intermediaries. The lack of central authority is the main reason why governments and banks are afraid of bitcoin. they always prevent people from going to bitcoin by spreading fear into the society through negative news about the bitcoin they make.
I don't know why but I am not surprised. You know banks and governmental institutions are always afraid of competitors. I think that btc is their rival and they don't want people to move to the decentralized currency
I think this is about the system which has provided the base to the banks. Bitcoin has been a potential threat to the banking system because it has the ability to replace the system. No government wants that because banks are the government financial institutions that collect taxes and bills that go to the government account. Besides, the spread of Bitcoin will lower the demand for cash which is something the government does not want because that way, government will not be able to exercise the instruments of its monetary policy.
Yes, I find that if the cryptographic market grows high, the fact that banks will freeze soon, the reality is that people now need capital and contribute less to banks to accomplish their goals. ICO. That is the current trend.
No, this is something different from the world of banking. With increase in the price of bitcoins wouldn’t be determining the damage of banks. We have seen so many times that whenever prices started raising, only users have been benefited. Nothing else has been observed. Banks are still going on with same zeal and run. But yes it would take long and long time for such happening.
In my country they don’t, but I think this is because, if Bitcoin will overtake an economy - banks will be needed no more. That way they need to adapt somehow, and be worried 
yes you are right now some banks are frightened by the presence of bitcoin because bitcoin has a very sophisticated technology that does not need any more banks to save money that people have.
Thanks, but i really think everyone knows this. But then again, banks and fiat are both centuries even millenias old. These kinds of institutions are hard to beat by a barely 10 year old volatile currency. I know in the fiture that crypto currency will add to the economy but definitely not remove fiat altogether.
Yes, I find that if the cryptographic market grows high, the fact that banks will freeze soon, the reality is that people now need capital and contribute less to banks to accomplish their goals. ICO. That is the current trend.
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