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Topic: When will banks start a war against bitcoin - page 23. (Read 16230 times)

member
Activity: 74
Merit: 10
November 20, 2017, 09:00:31 AM
Banks can't win this war. They only can join them.
Russian Sberbank buy some cards already lol
full member
Activity: 308
Merit: 101
November 20, 2017, 08:58:36 AM
Banks have started a war, I know Bitcoin traders who have burnt through some 50+ bank accounts, of course, now the banks want all in on the action, they are at a FOMO moment; not so clever bankers getting in on the Bitcoin and alt / blockchain gold rush.. It's six of one and half a dozen of the other...
People are welcoming bitcoin warmly and are investing into it for several reasons, they are getting a high profit here in short time, helping them to earn more in no time meet their financial needs easily. It is safe, easy and quick to be transferred when it comes to bank then its quite a complicated and lengthy process. There is no comparison among bitcoin and banks both have their properties and both are beneficial. So they won't get into a war rather bitcoin will give banks a hard competition.
full member
Activity: 266
Merit: 100
November 17, 2017, 04:50:41 PM
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?
at this time the Banks have started fighting Bitcoin in the online mass media a lot of news about the rising Bitcoin price that makes the Bank upset ...
member
Activity: 112
Merit: 10
November 16, 2017, 12:12:06 PM
Bitcoin developers, they shifted to more bitcoin transactions, so the bank would condemn bitcoin,
Cash transactions will move to bitcoin
hero member
Activity: 2408
Merit: 584
November 16, 2017, 11:42:49 AM
I think already they have taken some steps against bitcoin.
Yeah they think like this because the people are using the bitcoin ad they are trusting the bitcoin it is the reason why thousands of the people are investing and the making the profit with the bitcoin now it is possible because the investment of the bitcoin will buy the more bitcoin, now a lot of the people are here who are not aware of the bitcoin but we should spread the knowledge about the bitcoin bath the bitcoin.
hero member
Activity: 560
Merit: 502
November 15, 2017, 10:18:48 AM
If they won't conquer bitcoin technologically (integration with fiat, etc) of course they will be against it.
member
Activity: 84
Merit: 10
November 15, 2017, 10:16:17 AM
it will never happen .. bitcoin is not doing anything wrong and solving math problems is not obstructions to be tell or start fighting bitcoin.
but the thing is banks do much more transactions than bitcoin it is just only 3% of the total banks can do.. lots of banks lost their costumers and bitcoin is being more popular .. because of technology and how it works. bitcoin is just building it self but it is a good news for us.
But that is precisely why they need to start a war against bitcoin right now, do you think they are going to wait until bitcoin is fully developed, at that point it will be too late, they need to strike now that not many people are using bitcoin, bitcoin is a competitor to their business, they had an opponent in gold and they were able to tame it but bitcoin is a like an hydra, it is going to be more difficult to kill and even if they were able to do it there are many coins out there that could take bitcoin’s place in case they achieved their objectives.
I don't think so there's no way reasons bank make a war against bitcoin bank has a different purposes like keep your money safe and as of know not all people believes in bitcoin that's why bank don't need  to worry about it.
Banks already afraid of bitcoin org,they might find way how to beat bitcoin org., or we gonna wait what they're going to do to our org.
hero member
Activity: 1666
Merit: 453
November 15, 2017, 10:12:31 AM
CHANGE COIN is one ofthe product of the collaboration of 5 major banks! they said if you  cant beat them join them,, theres no other choice for the bank but to join the rally here ...
sr. member
Activity: 520
Merit: 250
November 15, 2017, 10:09:44 AM
I don't think so there's no way reasons bank make a war against bitcoin bank has a different purposes like keep your money safe and as of know not all people believes in bitcoin that's why bank don't need  to worry about it.

At present BTC price has big dumps and pumps and with current BTC capitalization it could have influence on global economics. So banks and govenments will try to regulate it (not war but BTC regulation)
I dont think bank will have some regulations regarding it since btc is decentralized and its impossible for them to fully access it.
maybe a cash in cash-out thing oly the move they can made as well some projects like ICO but nt a regulation that will be implemented by governments too.
sr. member
Activity: 658
Merit: 250
November 15, 2017, 08:10:41 AM
I don't think so there's no way reasons bank make a war against bitcoin bank has a different purposes like keep your money safe and as of know not all people believes in bitcoin that's why bank don't need  to worry about it.

At present BTC price has big dumps and pumps and with current BTC capitalization it could have influence on global economics. So banks and govenments will try to regulate it (not war but BTC regulation)
full member
Activity: 556
Merit: 100
November 15, 2017, 07:27:29 AM
I don't think so there's no way reasons bank make a war against bitcoin bank has a different purposes like keep your money safe and as of know not all people believes in bitcoin that's why bank don't need  to worry about it.
newbie
Activity: 9
Merit: 0
November 15, 2017, 07:16:41 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 thing it will happen and when?

War? What war are you talking about op. Banks are already using bitcoin technology called blockchain. There are some banks which are paying or accepting Bitcoins. Many are now encouraging it to. Yes there is a fear that banks may loose out business, but it's absurd nothing like this will ever happen, banks are more than happy to encourage Bitcoins as after conversion, it comes back to them.

I aslo believed that the "war that they are talking about would not gonna happen. As Bitcoin not well use right now we still need to convert it to our local currency. With can turn profit to them.
full member
Activity: 504
Merit: 100
November 15, 2017, 07:15:49 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?

It'll be too far for banks to fight bitcoins. I also think they don't give a damn about bitcoins because it's not a threat to money. I think banks thought that bitcoins are "too big to fail". Bitcoin owners also think that money is way out of their league and money won't matter to bitcoins as well.
full member
Activity: 195
Merit: 100
November 15, 2017, 07:11:28 AM
I don't think Bitcoin competes with banks any more than gold, platinum, and silver compete with banks.
But then, I agree with the IRS, Bitcoin is not money, it is property.
And it is just about as easy to use Gold or Silver to buy stuff at our local market as it is to use Bitcoin.

The IRS is already establishing governance over Bitcoin in the USA.
https://cointelegraph.com/news/virtual-currency-exchanges-and-us-customers-beware-irs-is-coming-expert-blog
full member
Activity: 714
Merit: 100
November 15, 2017, 07:06:14 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 don't see any signs that banks wanting a war with bitcoin here in our country but instead our central bank just released a guidelines on how to avoid being scam by ICO's and other investing sites using the digital currencies. Bitcoin is not legal here and not ban too but our major banks is in partnership with our local exchanges in which we can cash out or receive our bitcoin to fiat convertions thru the banks. You may check our coins.ph site for your reference and confirmation.
newbie
Activity: 52
Merit: 0
November 15, 2017, 06:52:58 AM
I think already they have taken some steps against bitcoin.
sr. member
Activity: 994
Merit: 257
November 14, 2017, 11:05:28 PM
it will never happen .. bitcoin is not doing anything wrong and solving math problems is not obstructions to be tell or start fighting bitcoin.
but the thing is banks do much more transactions than bitcoin it is just only 3% of the total banks can do.. lots of banks lost their costumers and bitcoin is being more popular .. because of technology and how it works. bitcoin is just building it self but it is a good news for us.
But that is precisely why they need to start a war against bitcoin right now, do you think they are going to wait until bitcoin is fully developed, at that point it will be too late, they need to strike now that not many people are using bitcoin, bitcoin is a competitor to their business, they had an opponent in gold and they were able to tame it but bitcoin is a like an hydra, it is going to be more difficult to kill and even if they were able to do it there are many coins out there that could take bitcoin’s place in case they achieved their objectives.
newbie
Activity: 1
Merit: 0
November 11, 2017, 04:23:17 PM
using a separate line for bounties will be far better and simpler with an structured discussions. you don't want to mess this thread will all of the resources inquiries, i understand thy assist getting the news out about starta but mixing their conversations here is a chaos. certainly a good token to take a position with.
full member
Activity: 228
Merit: 100
GIF by SOCIFI
November 11, 2017, 10:52:19 AM
Not in near future for the reasons as;

-           crypto currency market is still very new,

-           the Bitcoin is not a legal currency in many countries,

-          It is not centralized,

-           no regulations to follow

-           demand and supply ratios are not good,

-          very volatile in nature.

They will only say that it could be used for money laundering or illegal activities, but war is out of the question at least till the date it becomes centralized and legalized.
full member
Activity: 840
Merit: 105
Buzz App - Spin wheel, farm rewards
November 11, 2017, 08:29:55 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?

war between banks and bitcoin will not happen because bitcoin can bring into the bank for a profit. people liquefy the bitcoin and send it to their bank, it will happen that person's shipping transaction is charged for the bank. banks will get to the advantage of those who withdraw money.
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