Topic: Why Banks are attacking Bitcoin ? - page 3. (Read 9110 times)
Probably the general fear among banks regarding Bitcoin is that it completely destroys the need for intermediate transactions between financial institutions.
The spread of digital money is undesirable for banks, given their current problems, which they have faced recently. Speech, first of all, is about low demand for loans, lower profits due to lower interest rates and fading hopes for deregulation.
To be fair, bankers aren’t the only ones that have raised their level of scepticism about the rapid to ascend of Bitcoin and other digital currencies.
The fact is that banks are not profitable from the crypto currency. Banks make money on ordinary money and want to continue doing it
These banks are always dictating the world especially on the financially side which influenced nearly every events and actions. These banks are the ones holding and controlling governments. So these banks wanted everything new to be controllable and something that they can also benefit.
Banks don't want any competition between them and bitcoin. So they are always attacking bitcoin. They want to put bitcoin down. Because they are afraid in bitcoin.
you have point out such a lot of motives why banks attacks bitcoin and crypto forex in fashionable but one the fundamental motives why banks attacks crypto currency is that bitcoin and crypto forex is will on the end soak up their activity and commercial enterprise if usually followed via all the government of the arena.
The scheme of things is that one would always attack what one believes to be a competition in order to kill it.That is the current relationship of btc with banks,Banks see btc as a competition
Just when bitcoin comes into circulation, banks will lose all their profits and will remain at zero!
Actually day by day people are loving Bitcoin or other crypto currencies. People are fond of it that's why banks are attacking bitcoin to gain profit again.
Banks are facing loss of profits. Now a days huge transaction made by bitcoin or other virtual cryptos.
So, Transactions made via Bitcoin or other cryptos kills transactions made via banks.
But the topic is essential! It should be upped!
Banks are facing loss of profits. Now a days huge transaction made by bitcoin or other virtual cryptos.
So, Transactions made via Bitcoin or other cryptos kills transactions made via banks.
But the topic is essential! It should be upped!
The main reason (why banks don't like btc and other cryptos) is the loss of profits.
Transactions made via blockchain kills transactions made via banks.
But the topic is essential! It should be upped!
Transactions made via blockchain kills transactions made via banks.
But the topic is essential! It should be upped!
Agree! We all must take a piece of world money pie (from banks) by using crypto assets.
There was an impression that banks do not like bitcoin. All this is connected with criticism and negative news from banks.
It's very simple - in a certain period of time it is advantageous for banks to lower the bitcoin rate to buy cheaper. This is normal trading or investing. No more.
Bitcoin threatens the stability of the existing scheme of banks. And also contributes to the outflow of customers for banks. all this, naturally does not like the banking system. It's very simple - in a certain period of time it is advantageous for banks to lower the bitcoin rate to buy cheaper. This is normal trading or investing. No more.
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.
As my opinion, the most important reason that the banks are attacking Bitcoin is the proffit. They will lose profit with the development of bitcoin. When there are bitcoin, people can also trade directly (peer to peer) together without going through the bank. This makes banks nervous. However, banks are now adopting bitcoin and other cryptocurrencies.
Because the crypto currency market is a direct competitor to the banking sector. This is not a bit of their sphere of influence, so they do not want bitcoin development.
It is not profitable for large banks that cash flows go past them. They want to make a profit on everything.
Finance is back bone of every country when the new technic comes in the market people shows interest in that,banks are worry because if in future finance shift their road to crypto currency then banks suffer for achieve profits after maintain their his expenditures.
Big Banks want to destroy Bitcoin before it destroys them.
Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big banks.
That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges, as the Chinese government has announced recently, crushing cryptocurrencies.
Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big banks.
That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges, as the Chinese government has announced recently, crushing cryptocurrencies.
I totally agree with you. Large banks want to cover the crypto-currency market so that they have clients left.
I think banks are attacking bitcoin because bitcoin put a big threat on them. They don't want any competition between them and bitcoin.
Because they think that bitcoin will surpass them in near future.. They think that there are possibilities that humans will invest in bitcoin rather than putting the people's income to bank.
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