Topic: Is bitcoin a theat to economy and bankers as will (Read 499 times)

Hello,
Bitcoin's acceptance varies globally. While many countries like the U.S., Canada, and the U.K. have embraced it, others like China and Saudi Arabia have imposed strict regulations or outright bans. This mixed approach reflects differing views on its economic impact and regulatory challenges.

Thats right, that's what they say? what about big countries like US that legalize bitcoin? they don't see bitcoin as a threat they actually see bitcoin as a good opportunity to make a profit by giving taxes to users, it's all about the thoughts of governments of every country

But for me cash will be always in the world, crypto could be only the second thing that we will use in transactions so banks will be always in need for their customers, i don't think that economy or banks could fill anything if crypto will be developing like now.

Bitcoin and other decentralized crypto currency were created to help people gain financial independence from government agencies and the banking system. Therefore, of course, this will not like these structures. States do not need decentralized crypto currency, it can allow this crypto currency to go on its territory, but it will never support it.

No this is the wrong statement, when bitcoin announced as legal means then the economic growth of the country will be great. It cannot be threat to banks also because if government announces tax for bitcoin then it will be very useful to the growth of the country. Even bitcoin enters into the country local fiat cannot be disturbed. Because people use local fiat also, it has also a value. Due to these reasons many countries not accept bitcoin. But this is not true, if it is legal means then the country will move forward to the economic growth.

Bitcoin poses no threat to the banking system in any state. Crypto currency only reduces the profit margins of bankers due to the fact that some people switch to using crypto currency and do not so often turn to banks. That is, there are still many financial issues, and first of all, obtaining loans that only banks can solve. At the same time, bitcoin can not replace the banking system, it is simply not for this purpose. And the whole of the crypto currency can not do this.
 At the same time, banks have become virtually a part of every state and therefore the state will protect the banking system, up to the prohibition of the crypto currency, if the crypto currency starts to conflict with the interests of banks.

if you know what the situation is when the price goes up and down the banker's game might be inside that join the big investors when they know the price will go up when the big volumes and the price can go down when the volume is reduced now the game of loss begins there by manipulating the volume for the price they can set.

Yes it's a threat to economy and banks because if bitcoin enters in to the country it will dominate the local fiat. And there is no value for local currency. People forget to use local fiat when bitcoin enters in to the country. Due to these reasons banks and government are afraid to accept bitcoin. And the government has to face tax problem because there is notax for bitcoin. So people use obviously bitcoin instaed of local currency.

Bitcoin was made primarily to eliminate the need for a peer-to-peer transaction between individuals. In other words, convenience revolves around the reason for its existence in the world today. Its technology surpasses any electronic payment currently as the blockchain technology introduced a revolutionary way for transactions between people. Economically speaking, bitcoin has supported individuals into earning alternative income due to various services being offered.
For example, under the marketplace many people seek for specific services/products and they use bitcoin as the payment for such. Instead of having to do labour which requires strenuous effort, cryptocurrencies in general eliminates the need for that. The money earned by individuals through cryptocurrencies circulates around the economy which makes the market liquid.


Banks do consider bitcoin as a threat into the investment perspective and not more than that. Banks are also considered as business, wherein they earn income through various loans (provided by bills, notes, etc.) and they utilize their income in order to control the money supply in the society. Having bitcoin in the picture, people would rather invest their money into this aspect than into banks- which makes it a threat to their business.

It's not threat to the economy but only on banks. Their users are going to be divided and instead of people letting their funds getting taken care of by bankers, they are going to keep it themselves and provide their own security because of cryptocurrencies.

Basically I think most countries are still in the verge of decision or consideration related to certain concerns / each. Some say., that there will be decisions most countries follow up on the presence of bitcoin or cryptocurrency, the decision on whether to support it or not. Well, it's all back to the time will answer that, because everything can't be ascertained related to many things that can affect it, which's can be changed the decision of most countries.

For me it is not because i believed that Bitcoin is a great help to an economy as long as they will regulate it so that it will not be use to ruin the economy of a certain country. Reducing unemployment in which it will result the purchasing power of the people to increase are already a huge help to make the economy to become strong and stable. In talking of banking system i believe that not all banks were threaten of Bitcoin existence because some banks are actually supporting Bitcoin currency like here in my country.

Without any further analyzing the situation banks and the government for some countries are making a conclusion without any further investigation, I don't think that it is a threat look at some country just like Japan wherein they are actually doing their best to spread bitcoin all over their country.

Bitcoin is threatening for country economy.That's the reason some government declare illegal BTC.Also it's threat for Bankers they are thinking.But actually my thinking is very different with Bitcoin, it will be move towards the development.There is no scope for this to have a bad reaction.

Bitcoin is not a threat to economy and banks as well because it will regulate income for some people as we can see some countries are already adopting bitcoin as an alternative in using it as payment for some bills and for buying on online shopping.

Bitcoin is not a threat but rather the key to a country's great economy if the leader would be smart enough to use it. Banks are governed by the government obviously. Cryptocurrency doesnt affect the currency of a country but the investments offered by banks that are now being set aside because a lot of people chooses crypto than mutua funds.

Bitcoin is not a threat to any Economy neither is it a threat to any bank, the issue is that most country just feel that one can not make money and will not pay anything back to them they just want their own share of your money. On the bankers bitcoin affect their job and you don't expect them to be happy when money don't come into the bank like before.

No, Bitcoin will never ever be a threat to economy and banks as well as long as they will regulate it to avoid of using it in illegal activities that may ruin the economy. Unemployment alone will be reduce in which it will make the purchasing power of the people to increase making the economy to become strong and stable.

Bitcoin is a threat to economy and bankers because once the bitcoin enters in to the country it will dominate the loacl currency. And the government has to face the tax problem. Bitcoin is the big competitor to banks. Because bitcoin investment is more profit than invest in banks. People use only bitcoin for their transactions because it is safe and secure to use. Government afraid if they accept people will use bitcoin for ilegal purpose.

It is not a threat we are just over thinking things and the government just want to rule the country and the market, they don't want the the stock market will cause problem if they will going to pursue bitcoin, at some point we just need to understand them for this.