When will banks start a war against bitcoin - page 29.

worldofcoins

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Quote from: hynext on October 21, 2017, 08:00:42 AM

I think not all banks against bitcoin. Other banks are private and not possession by government. If the bitcoin will go higher demand by the people maybe other banks will upgrade their services to accept bitcoin. Always threat is the government they want to charge some taxes to the players of bitcoin.

Yes true everyone wants piece of the cake and that is what they want to try to do. Still bitcoin will be hard to tax. They will have to get merchants to start taxing bitcoin transactions.

hynext

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I think not all banks against bitcoin. Other banks are private and not possession by government. If the bitcoin will go higher demand by the people maybe other banks will upgrade their services to accept bitcoin. Always threat is the government they want to charge some taxes to the players of bitcoin.

Asmonist

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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?

It may or may not happen. If it may, I guess it would not totally a war but maybe a sort of collaboration. Yes, its really a threat for bank but they must also be open that we going digital. We need to adapt to the coming change. Instead of having a war, why not create something common beneficial for both parties.

worldofcoins

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The war is already started, Putin declared and so did the banks, Mastercard is already doing something with the blockchain and if they succeed it can hurt bitcoin in the end.

BTCbengi

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Do we always find the alleged reasons to create a gap between Bitcoin and the bank? I do not think the bank will do it unless it really has something to do with its development. Bitcoin is evolving and it puts the standard of the currency on higher, I think it will be a finer day, that's what the bank needs, besides its always dark, it's not avoidable

rfouziha

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It is not necessary to start war agains Bitcoin by banks. Bitcoin is independent crytocurrency why banks will bother about it also banks are controlled by the Government it has nothing to do with Bitcoin yes they will organize their banks accordingly.

ldah94

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the Central Banks would seek to defend themselves by hoarding in their balance large amounts of cryptocurrencies, such as the Bitcoin, in order to subject them under iron control for the fear that someday they may weaken the own control of the monetary supply of any economy.

The different economic agents that intervene in the activity, for now, are not very exposed to the virtual currencies. However, if it increases substantially in the future, it could affect central bank control over the money supply. However, it must be said that to date this risk is limited.

Krikke

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The banks should embrace bitcoin, not only the technology behind it. Most people in developed countries have a bank account, it would facilitated the further development of Bitcoin if bank would allow deposits and withdrawals in BTC. I understand it kills the anonymity, but most people don't care about anonymity, they want to have something convenient.

mrcryptosocial

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Quote from: Cosbycoin on October 20, 2017, 02:14:57 AM

Quote from: Fasdartin on September 25, 2017, 04:22:26 AM

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 think that the banks will start now/ is now happening a war against bitcoin because some country the other banks will not allowed it to enter in their economy now the other country like china have a battle with bitcoin they can't let the bitcoin eat or be bound by the bitcoin .

You are right that the banks can start a war against bitcoin right now, otherwise the time will pass and in the future no bank will be able to think of a war with bitcoin. They can also support the countries which are against bitcoin and have banned bitcoin in their countries. But one thing is not changeable and that is the future of bitcoin. All rivals can try their hostility but at the end bitcoin will win.

yes i think if bank starts a war against bitcoin ,they will do it by the end of this year i am predicting this because,in 2018 we have fifa world cup.And there will be 40% more financial transactions >my best guess is if banks start a war against bit coin it will fall to 2000usd maybe.
But the good thing is bitcoin will soon adopt some method and again rise to the top.As bitcoin is unstopable.ww canb buy at 2000usd again.. Wink

xBitHodler

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Some bank around the world started to adopt Blockchain technology. Probably they realised that they have now chances in this "war". Some bankers are still saying that Bitcoin is a fraud and we should ditch it. We all know that they are simply afraid of losing money. They won't be able to charge extra for transaction. Their only source of income will be loans.

saira0j

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We’re just beginning to see the changes to society that the Internet brings.Bitcoin is one of them.And this is a big threat against banks. So that will be soon.

Hey, anyone like to help us to manage our bitcointalk announcement page please contact in our telegram handle @BoonTech

eddyhalim

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They have already did that since the birth of bitcoin, because they realize bitcoin can be trading without using banks! So they consider bitcoin is a threat and effect the government to forbid bitcoin.

MostafaGamal

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the banks start the war already , but behind the scene , but if bitcoin get more audience the banks will start war in public

iMark

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Quote from: diegz on October 21, 2017, 04:29:05 AM

Quote from: Aba on October 21, 2017, 12:50:45 AM

in fact it is happening today with the existence of countries that prohibited bitcoin, because they are frightened by the technology of this bitcoin, their market share and consumers will switch to this technology.

Never heard such story yet.

Anyway, I think banks would still be bank, why would they start a war against bitcoin? when they can use it and profit more. Besides they could create their own and use it in their business if they really want to compete with bitcoin. I am still thinking that most of those are hearsay, unless we can feel the effect of what they are doing.

maybe it's happened in some countries, I think bitcoin does not harm banks directly but you know that banks are in the rules and control of the government of course the bank will do anything according to government orders, so when the government bans bitcoin, of course the bank will start to fight with bitcoin?

Hagmonar

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From the start until bank ate always give a bad news in bitcoin but the foundation of bitcoin is too strong that until now no one can stop bitcoin the price goes up and up and up bitcoin is unbeatable

diegz

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Quote from: Aba on October 21, 2017, 12:50:45 AM

in fact it is happening today with the existence of countries that prohibited bitcoin, because they are frightened by the technology of this bitcoin, their market share and consumers will switch to this technology.

Never heard such story yet.

Anyway, I think banks would still be bank, why would they start a war against bitcoin? when they can use it and profit more. Besides they could create their own and use it in their business if they really want to compete with bitcoin. I am still thinking that most of those are hearsay, unless we can feel the effect of what they are doing.

Aba

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in fact it is happening today with the existence of countries that prohibited bitcoin, because they are frightened by the technology of this bitcoin, their market share and consumers will switch to this technology.

Osarman

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Quote from: fitriyanti on September 25, 2017, 04:04:02 AM

banks will not boycott because they will become one bitcoin instrument as the currency currently exists.

Although bitcoin is a currency and where there is a currency there will be the banks. I understand that their role may decrees in this sense but partially they will play their role after bitcoin prevails in the world. We cannot expect anything about the future of banks but it is a fact that banks will be there after all. I am sure that banks today are planning about their role in bitcoin and not of the war.

DoublerHunter

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Quote from: NelfiNovita on October 21, 2017, 12:00:30 AM

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?

it will not happen because banks are not concerned with bitcoin. which makes them uncomfortable is in terms of payment because the transaction payments through bitcoin cheaper than the bank, therefore people generally prefer bitcoin.

Not all the people knows about bitcoin and i don't think that the banks are not concerned with bitcoin because some of the banks already notice bitcoin as a threat for them because when more and more people recognizes bitcoin as an opportunity then they will pull off their money from the bank and put it in bitcoin so they will have a cheaper way for transaction and also investment at the same time.

NelfiNovita

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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?

it will not happen because banks are not concerned with bitcoin. which makes them uncomfortable is in terms of payment because the transaction payments through bitcoin cheaper than the bank, therefore people generally prefer bitcoin.

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