Topic: Bitcoins and Bankers - page 6. (Read 3543 times)

Bankers will never work with Bitcoin. After all, banks do not work for the sake of the commission and the difference in rates between the deposit and the loan. They simply issue loans for unsecured obligations. This is a simple financial pyramid

Yeah the risk is simply too high, if bankers borrowed in bitcoin they will be probably forced to charge interest rates which will be very high for the average person in order to try to cover for possible losses due to the changing nature of the price of bitcoin.

if things will happen it should be for the benefits of many not just by the whales and miners who's controlling the system, lets face it bankers will avoid bitcoin to eat their business alive so instead of destroying they will try competing with btc in the manner that will favor them.

i don't think the government is involved in this pump at all, if the government were to actually try to buy, thevalue would be on 100k range already

also what would be the benefit for this? making all other people in the world rich? stupid...

the only think that make sense for any government is regulating bitcoin and makign it a currency like the local fiat, thus they can have more income in taxes

Bankers have already tried a lot to destroy bitcoin,but they failed in all of their attempts since bitcoin works on a secured block chain system.Finally,they came forward to adopt block chain system and not bitcoin.They feared that they would loose their revenue from transactions and it has come true now.They would not try to print more currencies and buy bitcoins as it would increase bitcoin price more and it would devalue their currency's value.Bankers would loose their dominance in the market more in future.

I think this could be a perfect place for the government and bankers and bitcoin to meet. If those in power don't deny bitcoin, but embrace it (even privately) we all stand a chance of seeing this the project continue to succeed.

The biggest threat that exists to bitcoin is from Government and those outside of government but with great power seeing bitcoin as a threat to their power and money and system. If that happens, they'll start fighting bitcoin. And since they have power and/or control the legislation they can put up a pretty damn good fight.

The reality, for better or worse, is that bankers aren't engaging in bitcoin and the blockchain in the shadows, they're doing so in broad fucking daylight! They're embracing bitcoin as a new asset class and they're embracing blockchain technology as the powerful business efficiency tool it can be!

See this >> http://business.nasdaq.com/marketinsite/2016/Building-on-the-Blockchain.html

And this >> http://www.reuters.com/article/us-fidelity-bitcoin-idUSKBN18J20P

And this >> https://www.bostonglobe.com/business/2017/05/23/johnson-talks-bitcoin-her-first-major-speech-fidelity-chairman/HYE8mo5Q5hABggIuD2y5kJ/story.html

Individual bankers may not brag about their bitcoin balance, but neither does anyone on this forum. Obviously the banks are all offer this thing.

Bankers and governments are anti competition.

They would never introduce new ideas, concepts or paradigms in politics, finance or economics.

US bankers and politicians would ban individual US states from passing gay marriage or legalizing marijuana if they could. Their role is preventing innovation and industry advancement in fields ranging from energy to healthcare.

Centralized bankers and politicians are anti-progress. They would never approve a bitcoin ETF or anything that represents innovation or progress in finance which benefits the average person, much less support bitcoin or crypto which they will never approve unless they have control over it in a centralized format.

this is really complicated to differentiate between bitcoin and bankers. I think both have a different aspect, bankers are basically involved in the traditional banking and bitcoin is involved with the virtual area, but in the future, bankers also will deal with bitcoin.

Agreed, but both increase and decrease is not that assured to take place at certain time gap. It all happens​in a gradual manner based on the incoming user base and the inflow of investment into it. So bankers doesn't have any role in it to play.

But even if they did that, and got control of all the coins then by definition now those coins will be worthless since no one will be using them to do anything with them and have you seen the amount of altcoins at this moment, if bitcoin disappeared then another coin will take its place in a heartbeat.

Currently I doubt if anyone will borrow in bitcoins because if the upward trend but the opposite holds true too, you can also borrow and pay less if Bitcoin prices goes down.

Yup printing more money causes inflation, i just don't get it why they should print more money to buy bitcoin while printing more money leads to inflation as we can see it's hard for them to controll the inflation and it's kind of like making bitcoin price sky rocket and making their official currency go down. Well they can't controll bitcoin, no one can controll it, instead of controlling bitcoin i think they will banned bitcoin that's the simplest act that they can do.

Well I used to think that there might be an involvement of banks in bitcoins in order to make it go down. As you said the fed can print as much money as they want thus increasing the us debt (which they don't care about at all) and buy bitcoins endlessly. What they could do after a major increase like we see now is just dump all those bitcoins in order to make people scared of losing money. And that is what is happening at the moment. I wouldn't be surprised if there was an involvement of fed in it.

Well duh, that is what's happening for years already. Haven't you ever heard about the inflation of usd? Basically why they're printing money is to bail out the banks and pay the debts that they already have. BUT what's happening is that they go into even deeper debt then and inflate their own currency. It's just fucking ridiculous this whole system is gonna fall apart in a few years, you'll see.

What I find interesting though is that ethereum is having a huge pump at the moment. It is most probably going to surpass bitcoin in the upcoming few days and it can be regulated way easier. Could that be the actual plan of the governments and banks? To eliminate the main opposition of bitcoin and then bring up the ethereum? Because I mean it's kinda clear that after eth passes bitcoin in market cap btc will have a huge dump

Bankers can not influence the situation with bitcoin. Bankers can take an unlimited amount of Fiat money, but to have access to bitcoin they can't. Besides who wants to borrow in bitcoins if the price can rise to it. Such a loan can result in bankruptcy.

Ouch. That's complicated. First they can never print paper money (fiat) to grab some bitcoin from the market. If they do this, the fiat money gets worthless.

We have many rich bitcoin whales. In fact bitcoin is probably controlled by handful of people who were lucky to be early adopters.
The theory that bitcoin is steered by bankers/government/CIA/NSA can't be debunked because there is no way to prove it.
I don't worry about the fact that someone is controlling huge number of BTC - as long as I know that bitcoin network (coins emission) can't be manipulated.

If everyone accumulated then it's defeating one of the earliest main purposes of Bitcoin, if not the founding idea of what it was... a p2p digital currency. The more people use it, the better in the long run, no? Otherwise remove all the volume from trading and you have an otherwise useless commodity.

Nowdays they don't really print fiat, moreover, the real fiat is slowly transforming into debit and credit cards, smart devices with payment functions, etc... physical printed money slowly fades away (in a real long period of time). Countries and governments are 'creating' money via the bank system, they rule the banks via the Loan To Deposit ratio (LTD), which means that if a bank has $100 deposit, it can give out e.g. $130 loans to it's clients. So physically it's only $100 that exists, but the bank can give out $130. The bank has created $30 from nothing. The money exits mostly on bank accounts, so there's no need to print a lot of money nowdays.

Exactly mate they are buying off all the Bitcoins by accumulating slowly but price already increasing because of some smart investors and some

Early adopters refuse to sell them cheap, anyone holding the majority of Bitcoins will simply be the one dictating the markets in the future.

In my believe we shouldn't even sell 1 coin what so ever, we shouldn't even trade it like buying items and goods that has to be done via altcoins.

We should use Bitcoin as an investment network transferring only millions not few bucks now that the code is solid and manipulation is hard.

I just realized how important Bitcoin really is and how could governments take the control? by accumulating the supply.

Exactly my thoughts. That is baloney to start with. No government will do that "printing fiats to buy bitcoin". If they just print fiats it will cause their money useless in society. No banks can control bitcoin, its decentralized, not even a government. That is why nations now are just embracing it otherwise they banned it. While others put enough regulation on bitcoin only.