When will banks start a war against bitcoin - page 20.

easynote

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Quote from: Jombrangs on December 09, 2017, 01:22:33 PM

I think there will be a big competition that will happen between the bank and bitcoin; once the bitcoin dominates in the whole world.
From their excellence many banks sees them as big rival that can cause their business to become obsolete.

It might not be possible for banks to wage war against Bitcoin because they won't be able to find all Bitcoin holders.

Jombrangs

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I think there will be a big competition that will happen between the bank and bitcoin; once the bitcoin dominates in the whole world.
From their excellence many banks sees them as big rival that can cause their business to become obsolete.

Glorious04

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Quote from: Coffee135 on August 10, 2017, 11:11:04 AM

All banks controlled by the government so you can not even doubt that such a war would be. But against any poison there is always an antidote. If such a war starts we will look for ways to circumvent the restrictions. To stop bitcoin is not a force any Bank.

And because banks and governments go hand in hand, what the government is doing right now in my country is brainwhashing the people by publishing articles against bitcoin investment. They would state all the negative possibilities in investing in bitcoin such as, it has no guarantee they are going to have their money back since bitcoin is not supported by governments like bank, so it can disappear anytime. I know it produces fear in the hearts of those who are just starting in the business but for those who have proven bitcoin for long it doesnt move them anymore.

kenjohannes26

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I think they are preparing a strategy to destroy bitcoin, their early stages forbidding bitcoin in their respective countries, and then we'll see what happens.

soy

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I don't think the current market is worth anything on the scale of the big global banks. But the day when the market takes on a real dimension, they will be able to react and will inevitably come out as winners...

Tatalk

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I think bank would never start a war because BTC is digital currency and the paper currency holding by the bank is other thing. The paper currency and digital currency could not be compared. But this could be said that in the coming future, bitcoin might reduce the use of paper currency and then government might centralized the cryptocurrency and the it would be under the control of government and then even banks could start BTC as their currency and they could also use BTC. So according to me, bank would never a war against BTC.

Jessica2009

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Since bitcoin is a decentralized digital currency no middleman takes control of it,banks will not start a war against bitcoin.Most of the people are not aware of this cryptocurrency only a few are able to understand how to make profit out of bitcoins so people can't trust in investing their hard earning all in bitcoin so there is no need for banks to be frustrated in bitcoin and start a war against bitcoin.

alfs75

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Quote from: matjas on August 10, 2017, 10:55:08 AM

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?

I never been heard a war of banks vs bitcoins ,i thinks its only a gossip or some speculations.the only things i've heard is that in my country and our central banks of the phil.is accepting bitcoins as a co partner in providing the service of the community progress.but if this humor is would happen i thinks it is would not endure to last,it will diminished quickly.

dieselmeister

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Quote from: BitNotByte on December 06, 2017, 11:42:25 AM

war? why? i saw some banks offering to sell/buy bitcoin using their system, what I am saying is they might adopt or some may already adopted the bitcoin on their system because it's the new online money.

Yes, I totally agree with you. Why they need do a war when they can cooperate each other. Bitcoin is a new kind of money, so bank will creates the service for Bitcoin.

the rise

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banks are threatened to sack majority of their employees when humans prefer public services and online transactions, but bitcoin is not worth blaming because banks also have digital systems, I think banks will find it difficult to add bitcoin because it will create two different database systems where fiat users are more transparent in identity, the bank will be very inconvenient if the user uses both and does not want to take risks if they abuses the transaction.

If the situation is very complicated and the government tells them to add bitcoin after the crypto regulation, then that's where the bank will determine the attitude of objections and start protesting.

KryptoK

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There is already an Hedgefond based on Bitcoins so the banks are already aktive.
I only dont see if they are against or with the Bitcoin.

cizatext

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Well the war against bitcoin has ever been there from the bank and government, but where can the bank hold bitcoin when they don't have control of it not even the government have control over bitcoin. Bitcoin is the highest threat the bank has now and at that their will try to wear it out but I think that is impossible because you can only control what you have power over,
Bitcoin will continue to defeat the bank as long as bitcoin can sustain it values and market demands.

Slipknot79

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How to you start a war with something that is decentralised. Who do you attach. This is the reason why Bitcoin cannot fail.

strawberrygirl

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Governments and banks may apply sanctions. But worry is that it is illegal to trade bit coins through pharmaceuticals.

bluegreen9

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There is no legal limit of bit coin yet so illegal use is possible. But not only bitcoin, but everything can be exploited for crime. I think it is necessary to make a judgment after regulation occurs.

BitNotByte

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war? why? i saw some banks offering to sell/buy bitcoin using their system, what I am saying is they might adopt or some may already adopted the bitcoin on their system because it's the new online money.

seriin

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For now, I don't think that banks will do it. But as times goes by, when the bitcoin cryptocurrency becomes more popular and more nation makes it legal to them, many investors might pull out to banks and turn to investing in bitcoin. In that way banks will start its war.

bandar

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Quote from: bitcoinmaniac52 on November 24, 2017, 06:43:55 PM

I think Bitcoin is still relatively small in the grand scheme of things, and banks will not get involved until the next volley (that is after the upcoming crash) and then they will realize that cryptocurrency is the real deal.

Almost correct, better would be:

banks will not get involved until the next ~~volley (that is after the~~ crash which they will induce themselves (by bad news, terrorims funding, drugs, ponzi, government ban scaremongering) and ~~then~~ they already know that cryptocurrency is the real deal, that's why they seek a nicer entry point

There, corrected it for you. Wink

Rosilito

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Wish for the rain? Then deal with the mud too.

As far as I know bank company provides money. I see that crytocurrency is an advantage for bank companies because people who work for bitcoin might save for them isn't that advantage? And cryptocurrency is also a form of money, and money helps someone to grow. So the bottom line is it might be the bank companies would go against bitcoin if there is an issue occur.

crisnel26

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Probably a war will start when banks lost most of its investors due to many has engaged in bitcoin rather than into banking.

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