When will banks start a war against bitcoin - page 52.

Casdinyard

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Quote from: Oo ako to on August 10, 2017, 07:50:06 PM

Quote from: mackenzied on August 10, 2017, 11:37:31 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 thing it will happen and when?

I think there are not any banks that think that bitcoin is a potential threat, even though many banks accept bitcoin as an official currency. There are many governments that have supported bitcoin, it is taking a strong step.

Right. They can use bitcoin as another tool to make more opportunities for them. It's possible that they are now creating a card suited for bitcoin users. Starting a war with bitcoin will just make it worse for them.

Sure it is.
I think banks right now are thinking some ways to give the users some opportunity. Like its hard to make compete now with bitcoin as for the fact it's now a strong currency. Their perspective now is like Russian government, at first they ban bitcoin like they hated it and later on realize that there's a great potential having this to be more powerful.
Soon banks will be go with the trend and will be seeing this as a great investment.

hajimasan

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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?

You are right , But still the people are not still beginners in this world to live , May be a small fraction of the people in our community can go against the bitcoin who don't know about bitcoin and also who don't want to know about bitcoin . But those people who made thier life with the bitcoin then i don't think they can bear this scam accusion like topic by anyone .
Here i myself will go against the bank system because they are scamming the people by investing the money in bank account and then charging for many type of maintenance charges .
Here in my own country a big bank SBI gaves a statement to the government about the scam of bitcoin and supporting for thr illegal activities but government said that bitcoin is not scam and everything is fine and at last that bank ownself made a plan to accept blockchain technology for own bank system .
So here we can see exactly what the people are in the current time because most of us are educated and we know exactly what we are doing with our money .

kotajikikox

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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 think the bank owners treatining about the bitcoin currency because have an effect to the banking bussuiness if the bitcoin become ligalized in the world as the currency. nothing impossible for bitcoin to become famous in use every country to help the economy.

cpfreeplz

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As with everything else, there will be a knee jerk reaction once they're way too late. They think they're on the ball because they invest in shitcoins like ripple but in reality they're screwed in the long run. Their entire business model is taken over by code. What now? Make them seem evil.

Wesimon

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The banks already know that bitcoin has really great impact in the lives of people. They also know how wonderful the way of bitcoin is going. That is why, they will think of ways of how are they going to make bitcoin looks bad. Those are only allegations. Or the bank will difinitely find a way on how they are going to control bitcoin. If they cant stop it then they will have it.

Oo ako to

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Quote from: mackenzied on August 10, 2017, 11:37:31 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 thing it will happen and when?

I think there are not any banks that think that bitcoin is a potential threat, even though many banks accept bitcoin as an official currency. There are many governments that have supported bitcoin, it is taking a strong step.

Right. They can use bitcoin as another tool to make more opportunities for them. It's possible that they are now creating a card suited for bitcoin users. Starting a war with bitcoin will just make it worse for them.

bitcoinvestor

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Some banks in my country are claiming that they are trying to "adapt" blockchain which is for them a new technology and they seem to be proud of it. They might have seen some kind of danger in Bitcoin, time will show us.

I think not all banks reject bitcoin. If that happened there are still countries that accept bitcoin like Japan, Australia, and other big countries. Those countries support bitcoin of course tha banks follow the governmnet policy. Will all exchanger move to all countries? If yes, the countries will earn more profit by charging tax.

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Quote from: JL421 on August 10, 2017, 05:45:12 PM

Soon very soon in many countries people are boycotting banks and storing their funds and savings im bitcoin. Now bitcoin is not more famous than banks but by the time banks will start protesting and tge government would have no option but to ban bitcoin or limit it's use

I don't think government will ban btc at the times that many known countries like Japan,China etc implementes and makes it legal. Maybe banks users will decrease but they are still be in demand for some businesses and companies. Their business will not affect much for now. Since still many doubting btc capability.

JL421

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Soon very soon in many countries people are boycotting banks and storing their funds and savings im bitcoin. Now bitcoin is not more famous than banks but by the time banks will start protesting and tge government would have no option but to ban bitcoin or limit it's use

Arkann

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Banks can not fight against bitcoin. They can ignore it or arrange various provocations to discredit him. However, vseravno they can not do anything to him. They will have to accept the existence of the crypto currency and with the fact that it took away a significant part of their income from banks due to the loss of clients who preferred crypto currency. They will also have to provide services for the purchase and sale of crypto currency to at least somehow cover losses.

|Bitkoin|

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Quote from: dali_masmoudi on August 10, 2017, 01:04:26 PM

This is impossible, they can't start a war against a cryptocurrency.
Btc don't have only one source or only one country or ...
It is all around the world.

That's not true. I think the banks would starts a war but only when market cap of Bitcoin is over $1,000,000,000,000 then they will pay attention to it because people aren't using the banks they will be using Bitcoin instead and this is not good for banks so they will try to fight against Bitcoin in that time, but not now it is way too early actually.

dali_masmoudi

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This is impossible, they can't start a war against a cryptocurrency.
Btc don't have only one source or only one country or ...
It is all around the world.

rafajunior99

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Quote from: RodeoX on August 10, 2017, 12:07:54 PM

I see no evidence of this happening and no one has ever even come up with a way for it to happen. There are bigger problems than this to worry about.

I think this is unprecedented, and hopefully not happen with Bitcoin, if this happens I do not know what it looks like in the future.
What does it mean with a bigger problem than this, can you explain it so that everyone knows about this problem.

gabbie2010

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Banks cannot stop bitcoin because both works together even bitcoin can increase banking revenues for instance all my bitcoin that I exchanged to fiat was cashed out in my bank with some minor deductions for the transactions thus increasing the banks revenues, Banks waging war against bitcoin is going to be in futile.

RodeoX

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The revolution will be monetized!

I see no evidence of this happening and no one has ever even come up with a way for it to happen. There are bigger problems than this to worry about.

Ryan Dugan

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It is just a competition and Bitcoin is a heavy weight competitor. They might not be afraid yet but they are very wear about Bitcoin as it can be a threat to their banking institute. I support Bitcoin because it is against banks and the power and Monopoly they hold. Bitcoin gives power directly into the hands of the people.

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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 thing it will happen and when?

Where are your sources that your statement can be considered as major concern. Don't bothered on it as in reality it's not a big case. Maybe there are concerns like that globally but only for a small percenrage. For me I don't think that banks would even think of bitcoin as potential threat. First of all, we are here in crypto forum and most posters here are having thinking like that. Because of that, the ideology will build up to those persosn who will read that then eventually they will now made a conclusion that banks really wants bitcoin to be destruct or they are giving mostly negative feedbacks on this currency.

If governments or banks really sees bitcoin as threat then since the beginning we won't be able to used bitcoin in our respective country.

makulo123

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"During a major crisis, even the most strongest players are affected." Well, in the bank terminology. If banks would be experiencing a financial crisis then Bitcoin gaining popularity will be a major issue for banks, because that is a prognosis for Bitcoin replacing bank system. When you are buying Bitcoin you are basically betting for banks to crash and Bitcoin becoming a new standard.

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mackenzied

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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 thing it will happen and when?

I think there are not any banks that think that bitcoin is a potential threat, even though many banks accept bitcoin as an official currency. There are many governments that have supported bitcoin, it is taking a strong step.

jakelyson

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I do not see any conflict with banks. You will still go to banks to finance your business, house or car loans. They have savings accounts but their main source of their income is loans. Even if bitcoin succeeds as a currency, banks can just add it as a new currency and loan people with bitcoin instead of cash. I do not see any problem with that.

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