Topic: Why Banks Hates Bitcoin? - page 7. (Read 9310 times)
I don't think they hate bitcoin but they are scared of it as they know if bitcoin gets on the mainstream they will face tough competition from it and might loose many customers.
I dont think they just hate bitcoins but they dont need them so they dont pay attention to
the coin. Only thing matters for them are gold and people their bank accounts. Thats all what matters to them
its not that they hate coins they don't need them.
the coin. Only thing matters for them are gold and people their bank accounts. Thats all what matters to them
its not that they hate coins they don't need them.
I think that one of the reason why banks hates bitcoin is that people are moving their funds from their bank to bitcoin and are not coming back to the bank, the more people leave the bank the less money banks have in circulation.
A lot of people still using banks and also bitcoin users are maybe 3% of all bank users. So i don't really think that contest is the main reason. But i don't know why bank should hate bitcoin?
I think that one of the reason why banks hates bitcoin is that people are moving their funds from their bank to bitcoin and are not coming back to the bank, the more people leave the bank the less money banks have in circulation.
I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing,And that is namely because the world is also getting more digital so that is perfect for the Bitcoin itself.
I think this time the banks are competing with bitcoin. maybe most people already pulling their money from banks and invest in bitcoin, so I guess because it was a bank hates bitcoin
Actually, most of the reasons are here , because the number of the people are increasing which is using the bitcoin and other coins currencies, so that's why bank earning of money is going down. you know all banks are depend on money, when bank earning will be slow, so it is not good for all banks.
The big banks don't like Bitcoin because it offers more benefits to end users than traditional checking bank accounts. That's one of the many reasons why some people are closing their bank accounts and flocking to Bitcoin instead. Also Bitcoin can be used as a savings account if you are brave enough to buy and hold coins for the long-term investment value and the interest rate will be much higher. That's why the Blockchain technology is sought-after by fiat financial institutions.
And putting up a bitcoin wallet, doesn't need a money or maintaining balance for opening it. Unlike opening a savings account to the bank, you need to have money for the fees and you need to deposit to have a maintaining balance.
yes If we are making here bitcoin wallet then nothing they are charging as compare with in bank we are going to make account they are charging too much money that's why people are loving bitcoin.
The big banks don't like Bitcoin because it offers more benefits to end users than traditional checking bank accounts. That's one of the many reasons why some people are closing their bank accounts and flocking to Bitcoin instead. Also Bitcoin can be used as a savings account if you are brave enough to buy and hold coins for the long-term investment value and the interest rate will be much higher. That's why the Blockchain technology is sought-after by fiat financial institutions.
And putting up a bitcoin wallet, doesn't need a money or maintaining balance for opening it. Unlike opening a savings account to the bank, you need to have money for the fees and you need to deposit to have a maintaining balance.
I would personally invest in other commodities and items with a majority of my saving money, at least there they can kind of keep pace with the rate of inflation and make it so that I have some value in the future from what I bought now.
The big banks don't like Bitcoin because it offers more benefits to end users than traditional checking bank accounts. That's one of the many reasons why some people are closing their bank accounts and flocking to Bitcoin instead. Also Bitcoin can be used as a savings account if you are brave enough to buy and hold coins for the long-term investment value and the interest rate will be much higher. That's why the Blockchain technology is sought-after by fiat financial institutions.
And putting up a bitcoin wallet, doesn't need a money or maintaining balance for opening it. Unlike opening a savings account to the bank, you need to have money for the fees and you need to deposit to have a maintaining balance.
I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing,And that is namely because the world is also getting more digital so that is perfect for the Bitcoin itself.
Well yes, banks overcharge customers highly on the fees The same telecom operators did for years with buying minutes.
With bitcoin consumers do have an alternative which outperfroms the old way of sending/receiving money.
What I am interested about is how companies, eventually will embed bitcoin in their daily operations.
But don't underestimate the people's stupidity when it comes to being too lazy to change what they are used to do, even if they get benefits. I mean I think as long as dollars get accepted everywhere, it will be the leading currency, unless things don't change a lot, I don't see Bitcoin replacing banks altogether. I think they will coexist, and some banks will deliver bank-like services for those that are too lazy to take care of their own Bitcoins. But it's yet to be seen if Bitcoin can replace the entire banking industry which would mean it replaces dollar too basically.
I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing,And that is namely because the world is also getting more digital so that is perfect for the Bitcoin itself.
Well yes, banks overcharge customers highly on the fees The same telecom operators did for years with buying minutes.
With bitcoin consumers do have an alternative which outperfroms the old way of sending/receiving money.
What I am interested about is how companies, eventually will embed bitcoin in their daily operations.
I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing,And that is namely because the world is also getting more digital so that is perfect for the Bitcoin itself.
The big banks don't like Bitcoin because it offers more benefits to end users than traditional checking bank accounts. That's one of the many reasons why some people are closing their bank accounts and flocking to Bitcoin instead. Also Bitcoin can be used as a savings account if you are brave enough to buy and hold coins for the long-term investment value and the interest rate will be much higher. That's why the Blockchain technology is sought-after by fiat financial institutions.
And putting up a bitcoin wallet, doesn't need a money or maintaining balance for opening it. Unlike opening a savings account to the bank, you need to have money for the fees and you need to deposit to have a maintaining balance.
The big banks don't like Bitcoin because it offers more benefits to end users than traditional checking bank accounts. That's one of the many reasons why some people are closing their bank accounts and flocking to Bitcoin instead. Also Bitcoin can be used as a savings account if you are brave enough to buy and hold coins for the long-term investment value and the interest rate will be much higher. That's why the Blockchain technology is sought-after by fiat financial institutions.
And putting up a bitcoin wallet, doesn't need a money or maintaining balance for opening it. Unlike opening a savings account to the bank, you need to have money for the fees and you need to deposit to have a maintaining balance.
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.
Bitcoins are probably going to drive them out of business. That's why they hate it so much.
Might be. If bitcoins will be used as a good investing currency to other mutual funds or other trending funds then it will be a hell of good outcome for bitcoin holders. We know what banks do in our savings that are being hold by them. They use it for their own profit. While they give us just the small amount of what they earned.
The big banks don't like Bitcoin because it offers more benefits to end users than traditional checking bank accounts. That's one of the many reasons why some people are closing their bank accounts and flocking to Bitcoin instead. Also Bitcoin can be used as a savings account if you are brave enough to buy and hold coins for the long-term investment value and the interest rate will be much higher. That's why the Blockchain technology is sought-after by fiat financial institutions.
I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing,So the banks cant earn more money with it and that is why they hate it.
And bitcoin has faster transactions than the bank and more secure I guess.
Neh, you're wrong. IMO, bitcoins aren't that secured as compared to bank. Bitcoins, if ever hacked, you loose 'em forever but it isn't the case with the banks.what? really?
maybe it is like this where you live. but here when you put your money in a bank as a deposit they should protect it on their own. so it doesn't matter what happens if the bank is robbed or burned to the ground they still have to pay you back.
That's right, it is the responsibility of bank to protect the money of their depositors and if ever hacking or robbing happened to them.
They should still give the exact amount of depositors deposit to them.
And bitcoin has faster transactions than the bank and more secure I guess.
Neh, you're wrong. IMO, bitcoins aren't that secured as compared to bank. Bitcoins, if ever hacked, you loose 'em forever but it isn't the case with the banks.what? really?
maybe it is like this where you live. but here when you put your money in a bank as a deposit they should protect it on their own. so it doesn't matter what happens if the bank is robbed or burned to the ground they still have to pay you back.
Jump to: