There are many reasons why banks hates bitcoins.First thing is they are losing people that ues banks because people are adopting and investing their money in bitcoin and banks loses customers because they are transfering money to bitcoin wallets because of bitcoins features of bitcoins which is better than banks
Well I agree with you. In addition to this I think banks hate bitcoin not just because of that, Banks hate bitcoin because bitcoin have the potential to overthrow fiat currency that will be bad for them, and if that happens they will have no profit and no investors. I think thats the main reason why banks hate bitcoin so much. 
Topic: Why Banks Hates Bitcoin? - page 2. (Read 9304 times)
There are many reasons why banks hates bitcoins.First thing is they are losing people that ues banks because people are adopting and investing their money in bitcoin and banks loses customers because they are transfering money to bitcoin wallets because of bitcoins features of bitcoins which is better than banks
Many banks are wary of the fact that the industry will undergo wrenching change. At this point, it seems that on the horizon, the banking system is seen two courses.
Nope.Banks are no way scared of bitcoins,they are infact happy about the fact they would have less bullshit to be dealt with.It hardly matters for them weather it be a fiat or crypto,they know they would play a big role unless once is actively prioritized over other.Right now its fiat!Banking institutions can start working in the new, ever-evolving areas of digital money. In this case, for a start they are required the recognition of changes in financial technology and the adoption of this concept.
They won't do that,Why should they ? That's again making the crypto world centralized.With major safety techniques and cold wallets ,I can be my own bank to store my savings safely.Peer to Peer loan is another advantage,I may add.Or, banks may continue to operate under the old system.
That's what means today use to mask the traditional banking system. Ultimately, we are likely to see, as different banks have chosen different paths of development, depending on their attitude to such disruptive technologies like Bitcoin.
Banks would operate under the old system for permanent.They can't go all "DAO" over the dawn of bitcoins. That's what means today use to mask the traditional banking system. Ultimately, we are likely to see, as different banks have chosen different paths of development, depending on their attitude to such disruptive technologies like Bitcoin.
Why banks hate bitcoin... And why we no longer need them...
What banks can do better than bitcoin? If bitcoin also has almost all features of banks. Only must have an internet and you can use bitcoin already.
And bitcoin has faster transactions than the bank and more secure I guess.
Because bitcoin has become a threat to the bank, and threaten the existence of bank. With all usefulness of bitcoin will make many people think again to move on bitcoin. What banks can do better than bitcoin? If bitcoin also has almost all features of banks. Only must have an internet and you can use bitcoin already.
And bitcoin has faster transactions than the bank and more secure I guess.
Many banks are wary of the fact that the industry will undergo wrenching change. At this point, it seems that on the horizon, the banking system is seen two courses.
Banking institutions can start working in the new, ever-evolving areas of digital money. In this case, for a start they are required the recognition of changes in financial technology and the adoption of this concept.
Or, banks may continue to operate under the old system.
That's what means today use to mask the traditional banking system. Ultimately, we are likely to see, as different banks have chosen different paths of development, depending on their attitude to such disruptive technologies like Bitcoin.
Banking institutions can start working in the new, ever-evolving areas of digital money. In this case, for a start they are required the recognition of changes in financial technology and the adoption of this concept.
Or, banks may continue to operate under the old system.
That's what means today use to mask the traditional banking system. Ultimately, we are likely to see, as different banks have chosen different paths of development, depending on their attitude to such disruptive technologies like Bitcoin.
Maybe one of the reasons why banks hate bitcoins is bitcoin and bitcoin wallets is maybe too many people who have money on banks transfer all their money to their bitcoin wallets to make it profit and maybe they want to handle their money by their own.Bitcoin have many features that banks dont have.Like online transaction(iknow some banks have onlime bamking but not all)
yeah, bitcoin has the potential of replacing banks. for example all those transactions when you want to send or spend money that were going through banks are not going through bitcoin so they are missing out on many amounts of fees in this process which means less earning for them.
But of course it will be really hard to know what is going to happen with Bitcoin in the future and that is the risky thing.
Maybe one of the reasons why banks hate bitcoins is bitcoin and bitcoin wallets is maybe too many people who have money on banks transfer all their money to their bitcoin wallets to make it profit and maybe they want to handle their money by their own.Bitcoin have many features that banks dont have.Like online transaction(iknow some banks have onlime bamking but not all)
yeah, bitcoin has the potential of replacing banks. for example all those transactions when you want to send or spend money that were going through banks are not going through bitcoin so they are missing out on many amounts of fees in this process which means less earning for them.
Maybe one of the reasons why banks hate bitcoins is bitcoin and bitcoin wallets is maybe too many people who have money on banks transfer all their money to their bitcoin wallets to make it profit and maybe they want to handle their money by their own.Bitcoin have many features that banks dont have.Like online transaction(iknow some banks have onlime bamking but not all)
LOl it is not that banks hate bitcoins why would they hate them they dont even need to work with bitcoins the only reason thy men think they would hate bitcoins is that bticoin has a gold value and banks owns that gold.
Well I'll tell you something why banks hate bitcoin, which has nearly been told over and over again in this thread. Bitcoin offers transparency in which everyone can see all the transactions done from who, to who, by who. That is one thing that banks will not offer, which is why they wouldn't want a bitcoin bank. Unless they have a way to hide it, but it seems to be impossible.
banks hate bitcoin because banks can't control bitcoin users and considers that Bitcoin users grew very rapidly even more faster than Banks users currently and also i think bitcoin will be the toughest rival for them in the future
Why banks hate bitcoin... And why we no longer need them...
What banks can do better than bitcoin. If bitcoin also have almost all features of banks. Only must have an internet and you can use bitcoin already.
And bitcoin has faster transactions than the bank and more secure I guess.
Banks hate Bitcoin because some people rather make use of Bitcoin then save there money at the bank. So Bitcoin is actually taking costumers from the bank and the bank of course does not like that. What banks can do better than bitcoin. If bitcoin also have almost all features of banks. Only must have an internet and you can use bitcoin already.
And bitcoin has faster transactions than the bank and more secure I guess.
I think not all banks are hates bitcoin. In my country, there is no bank that hate bitcoin. Because the bitcoin itself not popular here. But when bitcoin popular here, i think banks will hate it.
That's why the bank in your country doesn't hate because they don't know about it and your fellow countrymen has lack of knowledge about it.
So banks doesn't have a reason to hate bitcoins because when they see the good side of bitcoin that can benefit your coutrymen.
For sure, they will hate it and becomes a threat to their business.
And they see that people that is using more Bitcoin and that is nice for the currency itself, but it is still hard to predict what will happen later with Bitcoin.
LOl it is not that banks hate bitcoins why would they hate them they dont even need to work with bitcoins the only reason thy men think they would hate bitcoins is that bticoin has a gold value and banks owns that gold.
maybe because bitcoin gives us transparency on the network we can clearly see where and who is sending the coin and not only that we can sell the whole chain we can see anyones balance and even can see all the other details like his transaction record etc we can do everything excet the ownership on anybodys coin which bank will not provide even after 10years
Good point. Transparency is good for we want to know who are the top owners and how they do that. If those are reach people then good if not then it is questionable. Other thing is investing here is money growing up in a faster way.
Why banks hate bitcoin... And why we no longer need them...
What banks can do better than bitcoin. If bitcoin also have almost all features of banks. Only must have an internet and you can use bitcoin already.
And bitcoin has faster transactions than the bank and more secure I guess.
What banks can do better than bitcoin. If bitcoin also have almost all features of banks. Only must have an internet and you can use bitcoin already.
And bitcoin has faster transactions than the bank and more secure I guess.
We don't need banks to process our transactions anymore because of the introduction of the bitcoin technology. There's no dodgy fractional reserve system going on within bitcoin either.
That's why bitcoin is feared by banks - they know that one day run out of profits because of bitcoin, which is going to replace banks.
maybe because bitcoin gives us transparency on the network we can clearly see where and who is sending the coin and not only that we can sell the whole chain we can see anyones balance and even can see all the other details like his transaction record etc we can do everything excet the ownership on anybodys coin which bank will not provide even after 10years
I think not all banks are hates bitcoin. In my country, there is no bank that hate bitcoin. Because the bitcoin itself not popular here. But when bitcoin popular here, i think banks will hate it.
yeah it was good logic dude the bank does not know what is bitcoin? how could they hate bitcoin? if you have evidence that banks hate bitcoin show me. I've even noticed that the Italian central bank support bitcoin, you can see it in googleWhere have you been? Have you not heard of banks shutting down business accounts of bitcoin related businesses??
Times change, though. Those who may have been hostile before aren't necessarily against it now.
My wild guess is its related to the investment of bank depositors shifting to Bitcoins. Banks can offer 0.1% interest per month and there are Banks who can offer up to 1%, anything higher than that is questionable because where are they (Banks) goin to put the money to earn such interest, while with Bitcoin its unpredictable and you can earn up to 10% a week.
yes bitcoin more unstable but can be profitable. but it could be any adverse bitcoin, with a decrease in unpredictable anyway. bank further ensure accuracy. while bitcoin give something unpredictable. can make a profit or loss in a very short time immediately. I think not all banks are hates bitcoin. In my country, there is no bank that hate bitcoin. Because the bitcoin itself not popular here. But when bitcoin popular here, i think banks will hate it.
yeah it was good logic dude the bank does not know what is bitcoin? how could they hate bitcoin? if you have evidence that banks hate bitcoin show me. I've even noticed that the Italian central bank support bitcoin, you can see it in googleWhere have you been? Have you not heard of banks shutting down business accounts of bitcoin related businesses??
I think not all banks are hates bitcoin. In my country, there is no bank that hate bitcoin. Because the bitcoin itself not popular here. But when bitcoin popular here, i think banks will hate it.
yeah it was good logic dude the bank does not know what is bitcoin? how could they hate bitcoin? if you have evidence that banks hate bitcoin show me. I've even noticed that the Italian central bank support bitcoin, you can see it in googleJump to: