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Topic: Why Banks are attacking Bitcoin ? - page 2. (Read 9110 times)

newbie
Activity: 126
Merit: 0
September 04, 2018, 11:26:26 AM
Bitcoin as a payment solution is a good opponent of banks. That's why the don't like Bitcoin. It also has an advantage of being a currency that any bank can not beat. So, most economists don't like Bitcoin both as a payment solution and as a currency. That's why they say Bitcoin is a bubble time to time...
yes until now they also still have not given up with that, they continue to spread the FUD about crypto currencies, obviously they consider Cryptocurrency especially bitcoin as a big threat to them.
jr. member
Activity: 31
Merit: 12
September 04, 2018, 04:27:32 AM
The simply put, Bitcoin offers an alternative to the conventional, state-sanctioned banking system. that's why Bank are attacking Bitcoin.
newbie
Activity: 29
Merit: 0
September 03, 2018, 03:48:14 AM
Banks are probably trying to gain time because they know that they have to adapt but are not ready yet. They know that they cannot oppose it in the medium term.
newbie
Activity: 108
Merit: 0
September 01, 2018, 03:23:09 AM
As elsewhere, bitcoin is a competitive currency that can change the economy.  Therefore, banks are trying to push out bitcoin in every way.
newbie
Activity: 60
Merit: 0
August 31, 2018, 11:36:27 AM
Because they are afraid of competition and crush the weak link.
jr. member
Activity: 378
Merit: 1
August 30, 2018, 09:30:53 PM
because the bank does not want the crypto money management method, and this bitcoin is one that reduces the currencies that the bank should make. Bitcoin is one of the obstacles to the banks of the country and it will also take on them once in the day.
brand new
Activity: 0
Merit: 0
August 29, 2018, 10:37:38 AM
Banks have different approach when it comes to cryptocurrencies but most of them doesn't like bitcoin as they were kept saying that bitcoin is somewhat a ponzi scheme and can manipulate the price by those big waves, but some country/central banks sees this as an opportunity to lessen the transactions in bank each day.
(i just want to say that they are afraid.
jr. member
Activity: 154
Merit: 1
August 29, 2018, 04:43:41 AM
The modern financial system was formed over the centuries, developing new rules, laws and requirements, but with the advent of the crypto currency its stability and the degree of confidence on the part of consumers was somewhat shaken.
jr. member
Activity: 37
Merit: 10
August 24, 2018, 10:58:48 AM
Banks are worried will lose the ability to control the economy. Because the ability to handle the money that flows between central banks and the economy is at the core of the banking business and the very existence in the monetary economy.

A Bitcoin economy, for instance, can promulgate peer to peer lending that substitutes traditional lending, where banks collect the “interest rate spread,” the difference between the interest rate they charge depositors and the rate they charge borrowers.
full member
Activity: 378
Merit: 100
August 28, 2018, 03:05:20 AM
Crypto currency is not only reliable, fast, anonymous and transparent, but also does not obey any central authority. Thus, there is no reason why the state or banks should not be afraid of crypto-currency.
newbie
Activity: 18
Merit: 0
August 27, 2018, 10:09:41 AM
because now the crypto has entered the currency like coins btc. its a tough competition for them if bitcoin is widely use and for now they do propaganda and negative issues
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
August 27, 2018, 03:25:35 AM
If banks begin to work with bitcoin, they will not start to receive less profit, and this is not profitable for them. Banks are led by people who want to increase their capital and they are absolutely indifferent to comfort for ordinary people.
sr. member
Activity: 1463
Merit: 265
Pepemo.vip
August 25, 2018, 06:54:07 AM
Banks work for themselves and their profits.  If bitcoin comes into play, he can push banks off their site and they do not like it, so they drive them away.
Bitcoin could be used in the same ways like cash now, that is why it could be so hard for banks to get the same level of income when people will move their savings and probably wages to crypto.
brand new
Activity: 0
Merit: 0
August 23, 2018, 01:09:45 PM
there are many reason for it but the main reason is "proof"
newbie
Activity: 112
Merit: 0
August 24, 2018, 02:30:56 AM
Banks work for themselves and their profits.  If bitcoin comes into play, he can push banks off their site and they do not like it, so they drive them away.
newbie
Activity: 7
Merit: 22
August 23, 2018, 01:07:29 PM
Simply put, Banks want to destroy Bitcoin before Bitcoin destroys them because Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of governments and banks. That’s why they want to limit this potential by attacking the very premise and the valuation of Bitcoin.
newbie
Activity: 113
Merit: 0
August 23, 2018, 12:35:35 PM
Banks are extremely conservative institutions, but bitcoin - rather the contrary, is in free float.
Banks are used to controlling and passing all financial flows through themselves and most importantly, that all banks are inherently linked to the state bank.
jr. member
Activity: 126
Merit: 1
August 23, 2018, 08:47:30 AM
Among the main advantages of crypto currency compared to banks is the lack of the need to provide identity documents for the opening of the Bitcoin-purse.
jr. member
Activity: 378
Merit: 1
August 23, 2018, 06:04:33 AM
I know the bank is one of those who do not like cryptocurrency like bitcoin, because it's their rivalry when it comes to currency exchange. but I think the banks can not stop the crypto because it's stronger.
newbie
Activity: 266
Merit: 0
August 22, 2018, 10:29:55 PM
Bitcoin is a competitor to banks and their industries. But it is also clearly seen that the banks themselves do not want to kill bitcoin, I think they want to exist together but dominating the cryptocurrency.
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