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Topic: When will banks start a war against bitcoin - page 26. (Read 16230 times)

member
Activity: 176
Merit: 10
November 04, 2017, 08:06:56 AM
I think the bank has started a war with bitcoin. we can see that many ban of bitcoin have been started in various countries and even banks in Indonesia have banned payment by bitcoin. because bitcoin will have an impact on the decline in currency values in a country if its citizens start using bitcoin as a means of transaction. So the bout of banks with bitcoin has started but has not reached its peak because the development of bitcoin only includes people who have knowledge of technology.
yes i also thing that bitcoin have already start war against bitcoin because people love using bitcoin and also like bitcoin because of many reasons ans these reasons are that people using bitcoin for transformation of money instead of banks and this decreases the value and importance of bitcoin and also people use bitcoin for business not using banks so due to these reasons banks don't like bitcoin and want to banned bitcoin.
full member
Activity: 182
Merit: 100
November 04, 2017, 07:16:39 AM
I think the bank has started a war with bitcoin. we can see that many ban of bitcoin have been started in various countries and even banks in Indonesia have banned payment by bitcoin. because bitcoin will have an impact on the decline in currency values in a country if its citizens start using bitcoin as a means of transaction. So the bout of banks with bitcoin has started but has not reached its peak because the development of bitcoin only includes people who have knowledge of technology.
legendary
Activity: 3374
Merit: 1824
November 04, 2017, 06:56:31 AM
In my opinion, banks already started a war against bitcoin, but not publicly.
For example, in my country, central bank shared internal memo, their own opinion that bitcoin is not currency or financial asset.
We can't even report income from bitcoin since tax office does not accept bitcoin as money.

hero member
Activity: 756
Merit: 500
November 04, 2017, 06:51:42 AM

Recently, some countries have faced the problem of hyperinflation. The currencies of individual states depreciate so much that citizens have to pay a huge amount of cash bills to make even a small purchase.

Hmm, it is bad if it impacts all countries are affected on the problem of hyperinflation is not looking for the right way out. for now I think the bitcoin can help to all citizens who are experiencing inflation, because the State would never have been able to take the funds we are good with the polite way nor forced. Because the bitcoin has good enough security and definitely will be used by everyone. But one thing we have to understand, bitcoin will not be able to get or replace banks as the financial center of the country.
full member
Activity: 378
Merit: 114
November 04, 2017, 06:45:03 AM
Some banks in india are claiming that they are trying to "adapt" blockchain which is for them a new technology and they seem to be proud of it. thats uncertanily is my tenson.This is exactly what always worries me. Governments always want to control transactions and prosecute buyers and sellers. I think this is difficult for them when people use bitcoins for their transactions. but india is going to give there review on bitcoin in late december..lets see what happen
member
Activity: 179
Merit: 16
November 04, 2017, 06:38:49 AM
It's already happening through various mass media channels. Not only banks but quasi-democracies don't like Bitcoin either and will do everything within their powers to stunt its growth.
member
Activity: 98
Merit: 10
1st Job Marketplace without Crypto Fluctuation
November 04, 2017, 06:32:40 AM
I think already started.
sr. member
Activity: 868
Merit: 257
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 still hope that banks will adapt crypto currency in their services and transactions. To think that even banks will hate bitcoins is sad because some governments already do not recommend the use of crypto currency. This might happen when the price of bitcoin will increase more causing some issue with the banks because suddenly people get rich.
sr. member
Activity: 526
Merit: 253
Damn
I am waiting till the bank starts a awar against bitcoin but unfortunately, banks seem to support bitcoin in many country, especially developed ones. I love how banks adapt to new situation and change the way to be suitable to the new change. In the end, everything has to change to survive to the advancing world. BItcoin is one of the most creative inventions of our world
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
They only say that because now a days, bitcoin is a threat to them as a compition.making bad things to stop using bitcoin so that they will rise.there way to control people in cash basis instead of bitcoin.but the time will come that whole world will be cashless market

It's not a threat to banks yet as of now evem with the ever increasing popularity of bitcoin but in a few years, it probably will. Though bankers know that it's not going to be enough to topple them, it will give users a leeway and it will lessen their control over the market. The war probably won't be felt by ua regular users of both crypto and fiat
full member
Activity: 504
Merit: 102
They only say that because now a days, bitcoin is a threat to them as a compition.making bad things to stop using bitcoin so that they will rise.there way to control people in cash basis instead of bitcoin.but the time will come that whole world will be cashless market
member
Activity: 168
Merit: 47
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 think some country generally and bank specially against bitcoin by informing thier citizens that bitcoin is not recommend. From that statement some of people who want to start to use bitcoin might be cancel. Its one of part against bitcoin. And its already happen.
full member
Activity: 462
Merit: 100
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?


Most likely yes. When the banks feel the loss of customers and minimal transactions. The banks world wide will declare financial crisis. In other words, there will be chaos and war, and that will surely happen.
full member
Activity: 224
Merit: 100
I will do wonder for YOU!!!
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?

Banks will never be forgotten... of course they will eventually course their direction to what is booming now adays... they will not start a war towards bitcoins but somehow they will be the one to implement the regulation of it....  remember they have the capital... they can invest whenever they want....
full member
Activity: 180
Merit: 100
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?

Financial institutions really fear the potential of bitcoin in the modern day society. With its support from the online community, cryptocurrencies are now leading the online market. I would be not suprised if banks start to create propaganda againts bitcoin in which the media is the best tool to use. It would be likely happening right now or maybe someday the near future as the demand of bitcoin increases.
newbie
Activity: 23
Merit: 0
Not even funny how many guys are optimistic regardles banks. blockachain tech is here to destroy current monetary sytem based on endless depth and endless printing or better issuing money from thin air.
full member
Activity: 267
Merit: 100
Banks will never be able to start a war against Bitcoin because Bitcoin is decentralized and banks are centralized therefore no matter how powerful they think they are they can not shut down a decentralized computer network.
full member
Activity: 177
Merit: 100
why you ask such a these type of negative question, it  gives a lot of benefits to people which are fullfill our basic needs and a lot of other needs such as travelling, food, sports etc.
sr. member
Activity: 672
Merit: 252
Until the end
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?

Jamie Dimon and Warren Buffett have already started firing warning shots.  The real problem for Wall Street is that Crypto is starting to nibble away at their market capitalization.  DJIA Market cap is 6,000,000,000,000 dollars.  The market cap of Crypto is 168,000,000,000 and growing.  If money keeps flowing in to crypto it will have to come from somewhere, and that will be Wall Street.  Startups are going the ICO route instead of getting their money from venture capitalists.  In the past that was the only source of capital for risky ventures.  Now people with a little bit of bitcoin can invest in a startup. 

BoA is getting ready to deploy a stupid micro payment system.  It will fail.  People are turning away from traditional, oops I mean legacy, banks. BoA trying to emulate what crypto does is like grampa trying to hang out with teenagers at the mall.  Fucking creepy and unwanted. 

sr. member
Activity: 805
Merit: 250
I believe they are still figuring out a way to begin fight. Only that they shall try and fail.

They have already seen they cant beat them, reason they are joining them..
Of course banks will find ways to  anticipate this but not to fight against crypto, instead it will give room for it and start accepting bitcoin and other coins. Because there's in nothing they can do, if they don't participate this new created technology. In fact, they can also benefits this as it will make transactions with digital currencies by applying fees in transacting with them.
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