When will banks start a war against bitcoin - page 31.

Andre#

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Quote from: Gabrieelle on October 14, 2017, 08:45:50 AM

Quote from: pathapoddo on October 14, 2017, 08:25:23 AM

I think when it will bank's existence question.

I see what you did there. It is true though, because with bitcoin what is the use of banks? If we have our wallets, it can be either be through online or cold storage to keep it safe and beside these wallets offers many services like the one I have. Bitcoin is so much advanced than banks so I think when people gain the knowledge about bitcoin what will be the bank be? Then they start the war to survive.

And the winner always is the banks, Bitcoin can not against the government.
Therefore, only a decision of the Chinese government had made the price of Bitcoin and many cryptocurrencies dumped in the market.

lynn0729

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Why banks start against Bitcoin?Bitcoin investment just take a small part of the fiance market.If there are some organizations against Bitcoin,i think it should be stocks. If investors rushed to cryptocurrency market,at that time there will be a war between Bitcoin with other investment products

KennyR

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Quote from: de_xt on October 16, 2017, 06:57:52 AM

I don't understand why the banks will start a war with Bitcoin, which I think is ridiculous. The banks will find ways to get involved in Bitcoin trade and they will earn money from Bitcoin.

Such war never happens, because what's happening with bitcoin is innovation as well a step forward to the advancement. Now banks has been making tieup with blockchain developers to make every process effective through blockchain technology. Recently IBM has developed a blockchain for cross border transactions.

ClvrGmr

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Quote from: bitalive on October 16, 2017, 02:17:08 AM

The was has already begun - governments are trying to regulate Cryptocurrencies, China government already banned Cryptocurrencies & ICOs. Russina government already on regulating, licensing and taxing miners - the war has begun.

I disagree with this. Do you even read the question? You are pertaining literally at the governments. Of course they will try to control bitcoin because surely there will be a lot of money for them to take but the question is about BANKS. I think banks has nothing to do with this because they are not that affected by bitcoin. They still have their purpose in the community which bitcoin can't do.

de_xt

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I don't understand why the banks will start a war with Bitcoin, which I think is ridiculous. The banks will find ways to get involved in Bitcoin trade and they will earn money from Bitcoin.

r1a2y3m4

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I think next year the banks will include the war against bitcoin to their agenda. But I think they have two options here. It is either they incorporate bitcoin in their system. I think now there is a bank here in the Philippines called Union bank and you can buy Bitcoin and make the payment there. One thing is for sure they dont like Bitcoin because it is too much money that they have no control of.

mammoniter

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Quote from: ahmadakbari on August 10, 2017, 11:08:56 AM

This is exactly what always worries me. Governments always want to control transactions and prosecute buyers and sellers. I think this is difficult fot them when people use bitcoins for their transactions. I hope this never happens.

They can't do anything when all people uses bitcoin unless they will change the very early system of bitcoin itself. But as for the campaigns of banks, if they will going to do it then might as well improve their services if they want to convince people or more less compete with its growing potential because as far as I can remember, banks have been source of s lot of shady transactions too.

AmXProX

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Quote from: bitalive on October 16, 2017, 02:17:08 AM

The was has already begun - governments are trying to regulate Cryptocurrencies, China government already banned Cryptocurrencies & ICOs. Russina government already on regulating, licensing and taxing miners - the war has begun.

They are not starting a war they are just seeing it's potential and wants to join to earn.

saeyeen

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Quote from: pathapoddo on October 14, 2017, 08:25:23 AM

I think when it will bank's existence question.

I think bank's existence has been questioned long time ago but the problem is government is backing up the bank and that is why its going to be hard for bitcoin to be accepted all over the world is because bank is trying to spread bad news about bitcoin because they are afraid of the possible things to happen.

bitalive

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The was has already begun - governments are trying to regulate Cryptocurrencies, China government already banned Cryptocurrencies & ICOs. Russina government already on regulating, licensing and taxing miners - the war has begun.

taiwww

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I dont think so, banks have no need to start any way war against bitcoin or any similar currency.
Concept of banks get introduced around 2000 BC, this sector had seen many ups and downs all over the world. currently banks are controlling economies of many countries.
Banks not only trade, they do many other activities like collects deposits pays interest on it, give loans from individual to big industries, work as a mediator or guarantor bin international trades.
Such and many similer functions are not possible for bitcoins.
Newly emerged currencies never beat them by any means.
Even though by observing the pace of growth of bitcoins banks have also started making changes in their traditional way of business.
In fact banks should come forward to accept bitcoin as an additional tool of trade & exchange.
Competition between these two will definitely benefit the users.

bohr

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I even feel that many governments will accept bitcoin usage but according to the records government still get reciprocity, i.e tax and transparency of transaction. But it’s depend of the law on the country use.

I’m not so sure about this, governments love to have control or at least to think they have it, bitcoin does not allows them that so I think they are going to resist to accept bitcoin to the end and only when they are defeated and their economies are in the floor by their impossible to pay debts, then and only then they will adopt bitcoin completely.

Gabrieelle

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Quote from: pathapoddo on October 14, 2017, 08:25:23 AM

I think when it will bank's existence question.

I see what you did there. It is true though, because with bitcoin what is the use of banks? If we have our wallets, it can be either be through online or cold storage to keep it safe and beside these wallets offers many services like the one I have. Bitcoin is so much advanced than banks so I think when people gain the knowledge about bitcoin what will be the bank be? Then they start the war to survive.

Cherylstar86

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Quote from: waynechong1995 on October 14, 2017, 08:16:09 AM

It's already happening, search for negative issues of Bitcoin and you can see national banks around the world are trying to get involved with regulation on cryptocurrencies... proposals. Key personnel would publicly speak out about Bitcoin negatively, and ponzi schemes, tax avoiders, money laundering, ICOs are some of their favorite highlights.

it's perfectly normal anyway as governments are closely tied with banks.

If that is really happening I think bitcoin can still find ways on making a deal with banks. They can help each other but not on war because they are both beneficial for our income. Regardless of the small interest from the bank,it helps many people from saving money with security in it to guarantee the money that you earn will have a better future ahead. It won't help our country and the economy if there's war between them. So they should cooperate in making our life better for both of them can be trusted through our funds.

millgates

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Quote from: waynechong1995 on October 14, 2017, 08:16:09 AM

It's already happening, search for negative issues of Bitcoin and you can see national banks around the world are trying to get involved with regulation on cryptocurrencies... proposals. Key personnel would publicly speak out about Bitcoin negatively, and ponzi schemes, tax avoiders, money laundering, ICOs are some of their favorite highlights.

it's perfectly normal anyway as governments are closely tied with banks.

Yes, you right. Someone from jp morgan declared bitcoin a fraud and would blow up. Bank start to attacks bitcoin because they are afraid of bitcoin and blockchain. Bank is the same as the another companies that don't not like anything which can disturb their business. Bitcoin has very good features that can easily attracts people to use it the use of bank service will be reduced.

pathapoddo

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I think when it will bank's existence question.

waynechong1995

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It's already happening, search for negative issues of Bitcoin and you can see national banks around the world are trying to get involved with regulation on cryptocurrencies... proposals. Key personnel would publicly speak out about Bitcoin negatively, and ponzi schemes, tax avoiders, money laundering, ICOs are some of their favorite highlights.

it's perfectly normal anyway as governments are closely tied with banks.

iqlimasyadiqa

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Quote from: 50ouncebrew on October 14, 2017, 07:44:11 AM

The central banks of the world have already started with the war. It's propaganda that we've seen be used before with MSM outlets to brainwash the public into think they are needed but they're not and BTC proves this.

Sometimes there is some information that makes bitcoin like having lots of negative sides. but we all know that bitcoin is one of the financial system that can be applied in the future. I think the central bank should start to make a new innovation and it may be an innovation to combine bitcoin with the existing bank today. this is one way to make both of these things integrate well.

nareshrohra

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The war has already begun. You ask investment advisers and bankers about investing in bitcoin/altcoin. 9 out of 10 would say "no". Their reasoning is that bitcoin has no utility unlike blockchain and its just has value for store. Then what is gold and as if gold mining was a bunko

btcdepo

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War has already begun long time ago. You see the moves in the graph all along. I'm pretty much sure that banks and market makers are already in trading bitcoins.

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