Why Banks are attacking Bitcoin ? - page 4.

nickwen

member

Activity: 261

Merit: 10

Quote from: Kramblerty on February 03, 2018, 04:56:33 PM

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!

I agree with your opinion. Banks are no longer earning a lot of money since the blockchain and cryptocurrency technologies were created. So they will always protest and attack Bitcoin at any time

HaywhyJ

newbie

Activity: 200

Merit: 0

I will even like it if the question can be put like this why most countries government re attacking and rejecting cryptocurrencies, the short answer is "decentralization" nobody to monitor anybody wealth be cause it is personal nobody can make use of your fund without your consent and many more.

SAYDAKHMETOV

newbie

Activity: 266

Merit: 0

The payment for bitcoin takes place in the system of blockade. At the same time, all payments go past the banking system. And this directly affects the income of the bank)))

kyteguyvn

newbie

Activity: 78

Merit: 0

Banks attack bitcoin because if the bitcoin become as currency the central bank and government will lose the control with they local currency. So many government not support the crypto currency, they just support bitcoin as asset for investment.

Mariyas sri nirmal jayama

newbie

Activity: 10

Merit: 0

Huge Banks need to decimate Bitcoin before it obliterates them....Bitcoin, the "general population's money," can possibly turn into another cash, free of the control of huge governments and enormous banks. Undecided

malamjumat8

newbie

Activity: 14

Merit: 0

In my opinion, why banks attack bitcoin? because with the circulation of bitcoin will make the bank into a pluctuation.

Claudyah

newbie

Activity: 252

Merit: 0

Quote from: aso118 on June 04, 2018, 02:05:56 AM

Quote from: Mukarram Tariq on June 03, 2018, 12:12:34 PM

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.

Big banks may be under threat for a portion of the entire financial services pie, but they still have enough revenue streams to stay afloat. For example, they make money from advisory services, including mergers and acquisitions. I don’t see Bitcoin replacing that.

we all know that crypto is almost entering all regions of the country in the world and that means the fate of banks will be questioned because when everyone is using crypto then the bank is no longer needed because everything has been disimpat on his wallet on the internet then the bank attacked bitcoin much.

fbtdarkhorse

newbie

Activity: 22

Merit: 0

Quote from: YED on May 20, 2018, 03:58:56 PM

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.

Some people stopped using bank transfers. Because of this, banks lose part of the profits on commissions, transactions.

lycipher

copper member

Activity: 42

Merit: 0

Quote from: LegendzX on May 27, 2018, 05:40:44 AM

Haha. Bitcoin are really making itself as an eyesore to the bank and I am pretty sure that many banks are completely complaining to their government to do something against this decentralized bitcoin because it is harvesting the investors of banks around the world. I can't imagine the far success of bitcoin over this centralized system, the power of influential system has nothing to do with this decentralized platform. Good job btc.

Seems like governments are concerned about crypto without pushing their backs by banks.
Governments care about taxes. And crypto make taxes collection and control more traverse.

barabarian1

sr. member

Activity: 938

Merit: 250

because banks are afraid of losing customers' savings or their customers are reduced in terms of investment. because bitcoin offers a better system than banking. while banks can not guarantee security such as bitcoin in terms of investment and transactions.

keyangor

newbie

Activity: 3

Merit: 0

Because the banks are afraid to be replaced by crptocurrecy

Louise0910

member

Activity: 335

Merit: 10

why banks are attacking bitcoin? some like fiat versus bitcoin banks dont like bitcoin because they are not familiar with the nature of cryptocurrency and its volatility. Another thing is that unbanked people found theirselves to invest in bitcoin,because of its anonimity, fast transaction.

ts sms

newbie

Activity: 93

Merit: 0

jerix

newbie

Activity: 168

Merit: 0

I also really like Bitcoin and I always pray the best for the development of Bitcoin in the future. I am sure that one day all the countries of the world will legalize Bitcoin and accept Bitcoin completely. Yes, it seems very unlikely but I believe in any crypto can happen. Banks attacked Bitcoin because the bank feels a big loss since the presence of Bitcoin.

Levious

member

Activity: 271

Merit: 10

Because bitcoin threatened the absolute control of the bank’s funds, in the early days of banking, some countries had created early cash (precious metals) deposits. The government at that time was also strongly opposed to these early similar banks, but Now banks have become common institutions recognized worldwide.

LegendzX

newbie

Activity: 62

Merit: 0

Haha. Bitcoin are really making itself as an eyesore to the bank and I am pretty sure that many banks are completely complaining to their government to do something against this decentralized bitcoin because it is harvesting the investors of banks around the world. I can't imagine the far success of bitcoin over this centralized system, the power of influential system has nothing to do with this decentralized platform. Good job btc.

Choy13

member

Activity: 167

Merit: 10

Because cryptocurrency has its own bank which is called hard wallet. Hard wallet is well known to secure the bitcoin and preventing the bitcoin to leak. They want to ban the cryptocurrency that's whw they attacking bitcoin. They see it as a competitor in the world of business.

Lindell

jr. member

Activity: 518

Merit: 1

As a competitor, you are annoyed because your business is greatly affected and you cannot do anything to solve your defeat but rather attacking bitcoin. But any attack on bitcoin, people are still supporting it. They dont care despite the fact that some banks warned bank account holders to close accounts that are related to bitcoin.

acheampong64

full member

Activity: 588

Merit: 100

I really love what you said that people love Bitcoin. In fact majority of us love BTC so much and the banks should note that they cannot take that way from us. Also, i think what the banks should do is to accept integrating Bitcoin and other cryptos into their system (well, perhaps the governments won't allow them)

alon_alon

jr. member

Activity: 196

Merit: 1

In essence, the Bank is very attacking Bitcoin because it feels that Bitcoin bring bad impact to the development of the bank. Yes, the bank felt the loss since the presence of Bitcoin because the bank so not get more benefits from the community. Naturally, many banks hate Bitcoin. I also always pray the best for Bitcoin.

Topic: Why Banks are attacking Bitcoin ? - page 4. (Read 9110 times)