Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned
Topic: Banks and Bitcoin - page 2. (Read 3577 times)
I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earnedmoney coins?
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned
Hi evrybody,
i have a general question.
in your opinion, how banks can earn with bitcoin?
i seriously doubt if banks would be interested in seeing bitcoin succeed! but as a potential market with potential big profits, banks can enter as whales in trading markets and earn profit. i have a general question.
in your opinion, how banks can earn with bitcoin?
Hi evrybody,
i have a general question.
in your opinion, how banks can earn with bitcoin?
i have a general question.
in your opinion, how banks can earn with bitcoin?
I do not think Banks and Bitcoin can co-exist, since one of the reasons most people get into Bitcoin is to get away from the banks and their fractional reserve,
which is something that cannot be done with Bitcoin.
They cannot make Bitcoin appear just by punching some numbers on their computers.
banks and bitcoin can perfectly work and exist together. not sure why you think it's not possible. most banks are simply not interested in bitcoin itself. there is no reason for them to earn it. there are open minded banks who are genuinely interested in bitcoin and might even go further than only showing interest.
Like which banks are so open minded?
And how will they benefit by working with Bitcoin?
Lending it out for interest?
Banks make a fortune each year out of the fees they charge for wire transfers. Bitcoin users move money and only pay an optional fee of about one cent. The banks are not likely to embrace a system that costs them their wire transfer fees without a fight. Their system for moving money is years out of date, but why should they change it as long as its making lots of money for them?
Hi evrybody,
i have a general question.
in your opinion, how banks can earn with bitcoin?
i have a general question.
in your opinion, how banks can earn with bitcoin?
I do not think Banks and Bitcoin can co-exist, since one of the reasons most people get into Bitcoin is to get away from the banks and their fractional reserve,
which is something that cannot be done with Bitcoin.
They cannot make Bitcoin appear just by punching some numbers on their computers.
banks and bitcoin can perfectly work and exist together. not sure why you think it's not possible. most banks are simply not interested in bitcoin itself. there is no reason for them to earn it. there are open minded banks who are genuinely interested in bitcoin and might even go further than only showing interest.
Like which banks are so open minded?
And how will they benefit by working with Bitcoin?
Lending it out for interest?
Hi evrybody,
i have a general question.
in your opinion, how banks can earn with bitcoin?
i have a general question.
in your opinion, how banks can earn with bitcoin?
I do not think Banks and Bitcoin can co-exist, since one of the reasons most people get into Bitcoin is to get away from the banks and their fractional reserve,
which is something that cannot be done with Bitcoin.
They cannot make Bitcoin appear just by punching some numbers on their computers.
banks and bitcoin can perfectly work and exist together. not sure why you think it's not possible. most banks are simply not interested in bitcoin itself. there is no reason for them to earn it. on the other hand, there are open minded banks who are genuinely interested in bitcoin and might even go further than only showing interest.
Hi evrybody,
i have a general question.
in your opinion, how banks can earn with bitcoin?
i have a general question.
in your opinion, how banks can earn with bitcoin?
I do not think Banks and Bitcoin can co-exist, since one of the reasons most people get into Bitcoin is to get away from the banks and their fractional reserve,
which is something that cannot be done with Bitcoin.
They cannot make Bitcoin appear just by punching some numbers on their computers.
Bank will never ever accept Bitcoin. As Bitcoin is their competitor and they have no control in it.
They could provide an exchange. There are already European banks, in Germany I believe, that are part of the regular financial network and also act as a Bitcoin exchange or marketplace! Also, they could offer an escrow service of some sort!
yes ashour i belive you are in a good way and good ideas to put here the main subject the banks can not depriciate the factor of bitcoin beeing valuable as like 200 to 300 dollars a piece and theres like 13 millions of them separeted to several acounts the fact of anonimacy its the only porblem but maybe can be fixed and the deprieciation to russian crime and asian crime can be torn off soo its just the factor of trading coins to dollars and soo on and using the storage in several fiat and btcs i guess
if bank started to accepting bitcoin that i am really sure bank will be collapse
I don't think so , banks and bitcoin can co-exist an both bitcoin and the banks will benefit from it. Bitcoin could be stored in bank vaults and banks could have bitcoin accounts etc. Many possibilities can be done with the bitcoin and bank technology. 
I'm afraid banks already controlled majority of the coins out there. As someone said, banks don't like something that they can not control Back to early days when MTGOX were dominating the bitcoin exchange, many traders from banks have already claimed large amount of coins, and I have reason to believe that it was bank traders who drove last two large wave of bubbles. So they will stay in bitcoin and play like they did with gold/silver
Lol. Seriously? Do you have any evidence for this or are you just being paranoid? The banks don't have the balls to put massive amounts of money into bitcoin and even if they were buying up loads of coins it would just make the rest more valuable as they sure as hell wont get their hands on mine.
Banks create money, and that money can buy anything, including bitcoin. As long as people use banks' fiat money to measure value, then most of the coins will belong to banks
Exactly. They create money so why would they be interested in spending it on bitcoin as it's something they can't control at all.
I remember the claim that wall street traders trading actively on MTGOX, you can google it. They manipulate bitcoin just like any stocks (with limited supply) or commodity (with a production cost). Blow a bubble, profit from it, this is all they are interested
In order to do that, they must be able to control majority of the coins in circulation, about 1 million. So, with 300 million dollar they could corner the market as they wish, and 300 million is really nothing if you look at the money they get from QE: 80 billion per month
they can control the market, if they would acquire a very big amount, and they can do it easily, they are not interested for other reason, like the fact that bitcoin have still a low marketcap, and it bring nothing to them in term of money
They will still be bound by the same rules. Market manipulation is still market manipulation, whether with equities or with Bitcoin.
well bitcoin wasn't born to stop market manipulation, no asset can do this, and it isn't certainly bitcoin fault
and bitcoin will never achieve perfect distribution, so market manipulation will stay there forever, if bank start to buy bitcoin in large amount(i doubt because they are building their own centralized technology) it won't change too much the current manipulation
they can control the market, if they would acquire a very big amount, and they can do it easily, they are not interested for other reason, like the fact that bitcoin have still a low marketcap, and it bring nothing to them in term of money
They will still be bound by the same rules. Market manipulation is still market manipulation, whether with equities or with Bitcoin.
I'm afraid banks already controlled majority of the coins out there. As someone said, banks don't like something that they can not control Back to early days when MTGOX were dominating the bitcoin exchange, many traders from banks have already claimed large amount of coins, and I have reason to believe that it was bank traders who drove last two large wave of bubbles. So they will stay in bitcoin and play like they did with gold/silver
Lol. Seriously? Do you have any evidence for this or are you just being paranoid? The banks don't have the balls to put massive amounts of money into bitcoin and even if they were buying up loads of coins it would just make the rest more valuable as they sure as hell wont get their hands on mine.
Banks create money, and that money can buy anything, including bitcoin. As long as people use banks' fiat money to measure value, then most of the coins will belong to banks
Exactly. They create money so why would they be interested in spending it on bitcoin as it's something they can't control at all.
they can control the market, if they would acquire a very big amount, and they can do it easily, they are not interested for other reason, like the fact that bitcoin have still a low marketcap, and it bring nothing to them in term of money
I'm afraid banks already controlled majority of the coins out there. As someone said, banks don't like something that they can not control Back to early days when MTGOX were dominating the bitcoin exchange, many traders from banks have already claimed large amount of coins, and I have reason to believe that it was bank traders who drove last two large wave of bubbles. So they will stay in bitcoin and play like they did with gold/silver
Lol. Seriously? Do you have any evidence for this or are you just being paranoid? The banks don't have the balls to put massive amounts of money into bitcoin and even if they were buying up loads of coins it would just make the rest more valuable as they sure as hell wont get their hands on mine.
Banks create money, and that money can buy anything, including bitcoin. As long as people use banks' fiat money to measure value, then most of the coins will belong to banks
Exactly. They create money so why would they be interested in spending it on bitcoin as it's something they can't control at all.
I'm afraid banks already controlled majority of the coins out there. As someone said, banks don't like something that they can not control
Back to early days when MTGOX were dominating the bitcoin exchange, many traders from banks have already claimed large amount of coins, and I have reason to believe that it was bank traders who drove last two large wave of bubbles. So they will stay in bitcoin and play like they did with gold/silver
Banks create money, and that money can buy anything, including bitcoin. As long as people use banks' fiat money to measure value, then most of the coins will belong to banks
Back to early days when MTGOX were dominating the bitcoin exchange, many traders from banks have already claimed large amount of coins, and I have reason to believe that it was bank traders who drove last two large wave of bubbles. So they will stay in bitcoin and play like they did with gold/silver
Banks create money, and that money can buy anything, including bitcoin. As long as people use banks' fiat money to measure value, then most of the coins will belong to banks
They would probably invest a lot more in mining if this were the case. Or is mining so expensive now that it is even out the banks' reach?
I'm afraid banks already controlled majority of the coins out there. As someone said, banks don't like something that they can not control
Back to early days when MTGOX were dominating the bitcoin exchange, many traders from banks have already claimed large amount of coins, and I have reason to believe that it was bank traders who drove last two large wave of bubbles. So they will stay in bitcoin and play like they did with gold/silver
Banks create money, and that money can buy anything, including bitcoin. As long as people use banks' fiat money to measure value, then most of the coins will belong to banks
Back to early days when MTGOX were dominating the bitcoin exchange, many traders from banks have already claimed large amount of coins, and I have reason to believe that it was bank traders who drove last two large wave of bubbles. So they will stay in bitcoin and play like they did with gold/silver
Banks create money, and that money can buy anything, including bitcoin. As long as people use banks' fiat money to measure value, then most of the coins will belong to banks
Damnit that sucks if that happens. Thats why BTC is better (no one can freeze your account)
If you are law abiding citizen and you have no debts then there is very little chance that your bank's account will be freezed. I hate banks in general, they are part of old system designed to rip out every penny from people, but I did not see many cases of freezing accounts without proofs that this account is indeed owned by dishonest fraudster. I may be wrong tho.When the government is in trouble, they can always take a bite out of your bank account. Thank Cyprus.
Yes bitcoin users is not affected!
http://i.imgur.com/RWejUGt.png
Damnit that sucks if that happens. Thats why BTC is better (no one can freeze your account)
If you are law abiding citizen and you have no debts then there is very little chance that your bank's account will be freezed. I hate banks in general, they are part of old system designed to rip out every penny from people, but I did not see many cases of freezing accounts without proofs that this account is indeed owned by dishonest fraudster. I may be wrong tho.When the government is in trouble, they can always take a bite out of your bank account. Thank Cyprus.
Yes bitcoin users is not affected!
Damnit that sucks if that happens. Thats why BTC is better (no one can freeze your account)
If you are law abiding citizen and you have no debts then there is very little chance that your bank's account will be freezed. I hate banks in general, they are part of old system designed to rip out every penny from people, but I did not see many cases of freezing accounts without proofs that this account is indeed owned by dishonest fraudster. I may be wrong tho.When the government is in trouble, they can always take a bite out of your bank account. Thank Cyprus.
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