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Topic: Banks admit they fear BTC - page 9. (Read 2110 times)

legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
April 17, 2018, 07:28:14 PM
I guess banks should not be afraid of bitcoin, because banks have stood for a long time and it would be very difficult for everyone to switch on bitcoin. So all have their own supporters, but if bitcoin keeps growing well I think bitcoin will be the main one also in the future.
member
Activity: 226
Merit: 10
April 17, 2018, 06:44:51 PM
As for main big banks, they a long time ago started to think about how to stay alive, when world will accept and prefer crypto above the fiat money and earn in that case
full member
Activity: 392
Merit: 100
ADABsSsSsSsSSSsS
April 17, 2018, 06:24:02 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 should be really affraid of cryptocurrency because most of the people are preferring to invest on cryptocurrency more than placing their money on banks and people prefer to invest on the way they are going to earn more profit.
full member
Activity: 336
Merit: 103
April 17, 2018, 06:18:03 PM
For me personally it is well known that the fiat money robbery system was only able to survive because they use the main stream media to manipulate the people. I mean how can the majority of the people voluntarily agree to a money system where the volume is increased every year by a limited and priviled number of people, while the money of us working people loses its value every year? It was basically clear that banks finance the anti propaganda against crypto currencies!
member
Activity: 149
Merit: 12
April 17, 2018, 06:12:58 PM
Well, at least that's a good thing they admit it at least, some just hide behind some imaginary reasons.
copper member
Activity: 617
Merit: 3
The wonders of the blockchain technology
April 17, 2018, 05:42:22 PM
I love this!
They fear its going to replace them
No regulations on the blockchain
HODL!
full member
Activity: 364
Merit: 100
April 17, 2018, 05:32:59 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
---


Wow it's a great news so I believe that we must spread that news and we must raise awareness to the people about the benefits and purpose of bitcoin to our life. Because even up to this days they still have fear to invest with bitcoin because of the illegal act related to bitcoin just like scams.
member
Activity: 122
Merit: 12
April 17, 2018, 05:25:27 PM
Banks that they fear bitcoin and other cryptos and understand that can't stop adoption and development of blockchain technologies and creation of new type of economy. So they decided to corrupt and control the market. They have bought large exchanges and startups for integration, having contol over exchanges they can easily contol course through bots and fake news.

Yep, so how the blockchain industry can respond? Exchanges like Bancor, and secured non traceable solutions(XMR)?
hero member
Activity: 994
Merit: 502
April 16, 2018, 07:59:26 PM
Several banks have made investments into bitcoin backdoor, because if it was made with transparency the reputation over banks will be lost. The fear of Bank is getting reflected over the regulations coming into implementation from different governments. As the future is dependent on blockchain technology some banks have begun making blockchain for their services. This is good for a healthy growth than fearing and opposing.
sr. member
Activity: 1428
Merit: 251
April 16, 2018, 07:58:12 PM
With bitcoin system, we dont need banks because we can opening wallet with easily and we can transfer our asset with lower fee transaction. If bitcoin spread all around the world and people start to use bitcoin, I am believe we dont need intermediary for our transaction and cheaper transaction fee
full member
Activity: 378
Merit: 100
When Football meets Crypto
April 16, 2018, 06:24:05 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 was just normal for banks if they are afraid of the growth of cryptocurrency because most of the people are preferring to invest on bitcoins more than placing their money on banks because bitcoins is more profitable more than placing your money on the banks and setting it for a time deposit.
member
Activity: 626
Merit: 10
April 16, 2018, 06:21:38 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
---

I think it shows how banks and governments have a hidden agenda they don't a transparency because a lot of them is corrupt and steal the money for people that's why they do all things to ban  bitcoin in their country.
full member
Activity: 490
Merit: 105
April 16, 2018, 05:47:30 PM
Banks that they fear bitcoin and other cryptos and understand that can't stop adoption and development of blockchain technologies and creation of new type of economy. So they decided to corrupt and control the market. They have bought large exchanges and startups for integration, having contol over exchanges they can easily contol course through bots and fake news.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
April 16, 2018, 05:25:51 PM
In my opinion there's no way bank fears about bitcoin because banks are already established and people are using banks as a way of their transactions since bank are made but maybe they have a little fear because Bitcoin is very strong right now that people are already using it because it is accessible anywhere and also easy to use.
Do you really think that if they did not fear bitcoin they will try to pass regulations against bitcoin? They are afraid because bitcoin allows you to be your own bank, and you can do everything that you can do with banks with your bitcoin and even more and you can do it without paying them fees for everything, while people complain about the transaction fees of bitcoin they forget that banks charge you for everything they charge you just to have an account with them.


They fear bitcoin. Also Many big bois-giants like Google, Amazon etc are building their blockchain projects. That's why Google is banning rivals, not scams. But I expect some of ICOs will strike back and capture the market.
You are correct, not only the banks and governments fear bitcoin there are many private business that are realizing that the blockchain and bitcoin are going to change everything and the way their business work is not going to remain for a long time, you just need to look at some business that thought that they had a monopoly on the market just to go bankrupt a decade later.

Yes if bitcoin is developed many losses will happen for banks and government but some good things also available in bitcoin it is not seen by them and also many private groups also leads to the fall of bitcoin and other crypto currencies.
member
Activity: 350
Merit: 10
April 16, 2018, 05:01:32 PM
In my opinion there's no way bank fears about bitcoin because banks are already established and people are using banks as a way of their transactions since bank are made but maybe they have a little fear because Bitcoin is very strong right now that people are already using it because it is accessible anywhere and also easy to use.
Do you really think that if they did not fear bitcoin they will try to pass regulations against bitcoin? They are afraid because bitcoin allows you to be your own bank, and you can do everything that you can do with banks with your bitcoin and even more and you can do it without paying them fees for everything, while people complain about the transaction fees of bitcoin they forget that banks charge you for everything they charge you just to have an account with them.


They fear bitcoin. Also Many big bois-giants like Google, Amazon etc are building their blockchain projects. That's why Google is banning rivals, not scams. But I expect some of ICOs will strike back and capture the market.
You are correct, not only the banks and governments fear bitcoin there are many private business that are realizing that the blockchain and bitcoin are going to change everything and the way their business work is not going to remain for a long time, you just need to look at some business that thought that they had a monopoly on the market just to go bankrupt a decade later.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
April 13, 2018, 08:31:49 AM
I wouldn't say that banks have fear of Bitcoin and other cryptocurrencies but they see some competition in that. I would say this is healthy because competition could only bring improvements.
Banks also see their opportunity to profit in cryptocurrencies but to my opinion at the moment they are not quite sure how to do this and regulation or better to say lack of regulation stops them.
member
Activity: 686
Merit: 26
★777Coin.com★ Fun BTC Casino!
April 13, 2018, 08:21:15 AM
The banks will no doubt protect their own interests first and not let open competition get the better of them. Sad

It is very natural and no one would allow them to function as it is a direct competition for the existence of the bank as many people will directly transfer btc as a part of remittance rather than using bank functions. Also people would invest in crypto rather than investing in banking products.
 
member
Activity: 220
Merit: 10
April 13, 2018, 08:19:04 AM
I heard from news today that MasterCard bought a large office in Finland with 175 developers including a blockchain guys, so yeag, the are trying to catch the wave!
legendary
Activity: 1120
Merit: 1000
April 13, 2018, 08:06:55 AM
At least they admit they're really afraid of the blockchain technology that's is really a threat to them in the future. Consider an ordinary person doing big transaction in the blockchain and that's pure money with no bank charge at all.

In this case, banks do not want to lose their income and find ways to boom more than bitcoin. Maybe a competitive bank is bitcoin because the market is still growing. It is true that banks may be afraid of bitcoin because they know that bitcoin cryptocurrency has the greatest value of its own price apart from the ongoing bitcoin and still continues.
Yes no one will like their business in lost. They know that increasing trend of bitcoin is a big challenge for them, because then people will not feel the need to use banks for depositing their money in banks because it is more easy to use your online wallet for withdrawal of your money or to use it directly for shopping from your wallet, you do not need to visit a bank and wait for your turn.
full member
Activity: 364
Merit: 130
April 12, 2018, 03:50:18 PM
there are still many aspects that can be done by banking to face this era of cryptocurrency. Among other things is the function of retail and microloans that can support businesses such as mining bitcoin and so on. Rather than being afraid of technological developments that we cannot be dammed, it's a good idea to use it as a new land for them.
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