Topic: Why Banks Hates Bitcoin? - page 4. (Read 9310 times)
Banks are dependent on people's deposits to make money because they are using the money in the savings accounts to give out loans and profit off the interest rates. Also they are making money off the fees associated with the maintaining of debit and credit cards and the checking accounts. If people decide to ditch their bank accounts and move most of their funds to a Bitcoin wallet that will certainly endanger the bank business because they will get less cash to operate with and generate less profits in return. So I bet banks don't like Bitcoin at all.
Because they know that bitcoin is a better system than banks,Bitcoins are probably going to drive them out of business. That's why they hate it so much.
you are right and with that people are now not saving their money in banks , but if the banks start to learn about bitcoin and adopt it for their business and start services for bitcoin then they will earn 100X then their current earnings.
I don't really know why, maybe banks don't hate bitcoin. It's nosens to hate bitcoin cause they have more percent of users and have enough money anyway.
I believe banks don't hate bitcoin. There are financial service providers using bitcoin indirectly, so when years pass and Blockchain technology reaches gradually banks too will adopt backing technology of bitcoin.
That may be true. it's probably because every time they sell their bitcoin, all proceeds from the sale they do from bitcoin will lead to the bank, and it will benefit the bank 
I believe banks don't hate bitcoin. There are financial service providers using bitcoin indirectly, so when years pass and Blockchain technology reaches gradually banks too will adopt backing technology of bitcoin.
I don't use any exchange because I don't want to exchange my BTC to $ . Opposite, I exchange my $ to BTC because I think Bitcoin is very good investment for the future , so I am very glad to save it in my wallet , and we can watch the progressive increasing in BTC value , for that I am holding now . and ofcourse botcoin wallets are better than banks
Banks hate Bitcoin because some people rather make use of Bitcoin then that they are using banks to save there money. I think that that is the only reason why banks hate Bitcoin. Maybe there are some there some other reason I do not know about.
I believe banks don't hate bitcoin. There are financial service providers using bitcoin indirectly, so when years pass and Blockchain technology reaches gradually banks too will adopt backing technology of bitcoin.
Because they know that bitcoin is a better system than banks,Bitcoins are probably going to drive them out of business. That's why they hate it so much.
Yeah thats true, but i think bitcoin will not drive the banks out , Here in our country you need to use banks in order to cash out your bitcoin to cash 
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.
the reason why bank afraid on bitcoin,because they dont want bitcoin can't controlled anymore,or too late to control it,and its why goverment in my country still not accept bitcoin as payment.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.
your government dosnt accept Bitcoin because they are clueless
who are they by the 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.
the reason why bank afraid on bitcoin,because they dont want bitcoin can't controlled anymore,or too late to control it,and its why goverment in my country still not accept bitcoin as payment. 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.
Because they know that bitcoin is a better system than banks,Bitcoins are probably going to drive them out of business. That's why they hate it so much.
Banks have not only control of people money but also earning lot of by using others money.They charge heavy fees on name of protection and transfers whereas Bitcoin provides freedom,low cost and fast way of doing transactions.Banks will loose a lot if Bitcoin which is still at early stage,succeeds to be used widely.
may be banks hate bitcon in present time but I know they will no do so in near future. when bitocin will become legal in all over the world and people will use it as flat currency. I know then banks will have adopted such a system where they will accept bitocin. so we can say that in near future bitcoin will be accepted in most of the world's famous banks. 
Banks have not only control of people money but also earning lot of by using others money.They charge heavy fees on name of protection and transfers whereas Bitcoin provides freedom,low cost and fast way of doing transactions.Banks will loose a lot if Bitcoin which is still at early stage,succeeds to be used widely.
Banks want total control of the flow of money, and Bitcoin provides people an alternative to avoid this ridiculous total control, which is why they hate Bitcoin so much, they can't control people's money, this makes them feel uncomfortable because free citizens can be dangerous for the status quo.
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.
I think you already answered your question why banks hate bitcoin. Obvious reason is business. You do not support any threat to your position.
For me, we still need banks. Bitcoin is not fully usable to everything with everyone everywhere. So let us not think that banks are going to disappear.
the banks will always try to get their hands on bitcoin and get involved with it if they can and earn the profit by investing int it. but they show that they are not a fan of it and just want the blockchain to use for their own.
may be in future banks also accept bitcoins and then it will become a legal and accepted currencies by the government. then why will banks hat bitcoin. if they have a decent profit from it . i think in near future the bitcoin will be accepted by the banks.Some global banks have already taken or are preparing to take cryptocurrency, hire programmers, personnel associated with cryptocurrency: UBS, Standard Chartered, Citi Bank, BNP Paribas, Société Générale, Barclays, Goldman Sachs, BNY Mellon
In philippines our wallet provider here gives us lots of option to cash out our bitcoin and there are some banks offering zero fee for every cash out transaction that we made and thats really great for us that our wallet provider keeps us more convenient on using their service, and one day i tried do cash out in bank and when theirs errors occur and tell the bank where do i got the money i said from bitcoin and they said what is bitcoin, damn they dont know what bitcoin is even they are bankers they late of the e currency trend, thats the reason it didnt cross to my mind that banks hate bitcoin because mostly most of them dont know its existing and their are other capitalist dont bother to see it because its unstaible maybe they dont see profitable in the long run.
Just because one of their clients didn't know bitcoin you consider them as bank hates bitcoin? Really a non sense post.
There are lots of crucial things that a banker works everyday. Really stressful so don't blame them if they don't know bitcoin because their mind are full. Have a relatives that works in bank for almost years now? If you don't know their experience then shut up your non sense mouth.
How about I will tell you that 5 of my friends working in BPI (Bank of the Philippine Island), of course you know that bank since we are in PH, taking part here in bitcoin world? Also they have accounts here in bitcointalk and some of them are doing signature campaign.
Don't take it is a whole man.
the banks will always try to get their hands on bitcoin and get involved with it if they can and earn the profit by investing int it. but they show that they are not a fan of it and just want the blockchain to use for their own.
may be in future banks also accept bitcoins and then it will become a legal and accepted currencies by the government. then why will banks hat bitcoin. if they have a decent profit from it . i think in near future the bitcoin will be accepted by the banks. 
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.
Banks hate bitcoin because they offer an alternative to the services they offer. But they no that bitcoin is going to replace the dollar sooner or later, it's just a matter of time. They're pretty scared. They don't want to get washed out. They want to continue scamming people under the fractional reserve standard.
They know that once bitcoin dominates as a currency, there will be no need for global money transfers. They were taking so much profit out of those. But now they are gone, because of bitcoin. That's because they hate it.
Currenctly very less options for cashout bitcoins. I don't use any exchange because I don't want to exchange my BTC to $ . Opposite, I exchange my $ to BTC because I think Bitcoin is very good investment for the future , so I am very glad to save it in my wallet , and we can watch the progressive increasing in BTC value , for that I am holding now . and ofcourse botcoin wallets are better than banks
In philippines our wallet provider here gives us lots of option to cash out our bitcoin and there are some banks offering zero fee for every cash out transaction that we made and thats really great for us that our wallet provider keeps us more convenient on using their service, and one day i tried do cash out in bank and when theirs errors occur and tell the bank where do i got the money i said from bitcoin and they said what is bitcoin, damn they dont know what bitcoin is even they are bankers they late of the e currency trend, thats the reason it didnt cross to my mind that banks hate bitcoin because mostly most of them dont know its existing and their are other capitalist dont bother to see it because its unstaible maybe they dont see profitable in the long run.
I have no idea about that banks hats bitcoin. but if it is so may because it will effect their position. may be the people fell no need to use bank for legal currency when they are using online currency.
But I think bitcoin not widely known and to use bitcoin is still very difficult because not many stores that provide payment with bitcoin. So to use it must change to money to go through the banks. And indirectly we still need banks and banks are not harmed by me. Jump to: