Why Banks Hates Bitcoin? - page 9. | Bitcointalksearch.org

senyorito123

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Quote from: Rotator on May 08, 2016, 05:22:48 AM

To be honest i don't know where did you found fact that bitcoin is hated by banks. They will try to kill it one day when he becomes more stronger, (when he becomes threat) but till then bitcoin is not important for them. This is exaggeration.

Me to i dont know why banks hate bitcoin while mostly of banks dont really know bitcoin is existing in this world i merely disagree for the thoughs that bank really hate, they have good partnership bitcoin is nothing without banks, and for those banks who knows bitcoin maybe they are hate it because of low fees in every transaction

Y.Job

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I think most of them don't even know what's bitcoin Grin

Rotator

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To be honest i don't know where did you found fact that bitcoin is hated by banks. They will try to kill it one day when he becomes more stronger, (when he becomes threat) but till then bitcoin is not important for them. This is exaggeration.

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Quote from: salmanahmedone on May 07, 2016, 10:09:26 AM

Quote from: goinmerry on May 03, 2016, 08:24:54 AM

If you will think about it. Bitcoin is like a bank also. You can invest your money in it. You can transfer money using it. Your money is also growing. A competition could be the one good description not hate.

Banks hate bitcoins because its a true competitor of them. Bitcoins has low taxes, no setup fees, no upfront charges. So people will be more attracted towards the Bitcoins as compared to banks

Yes because of the low taxes, no fee and no any other charges, people are attracted towards bitcoin and banks are remained at a little back in the matter of investment, but for the banks it will be better that they start some services for bitcoin, their profit from it will be sure.

co5hike

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Bitcoin is an tough competitor for banks and banks knows that this competition can go to a higher level in future if bitcoin gets more popular and that is the reason banks are scared of bitcoins.

knowhow

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Quote from: Penguen on May 07, 2016, 10:51:30 AM

Realy, do the banks hate from BTC? I dont think so. The banks dont interest with BTC.

Well banks has an eye on the blockchain tecnology and they trying to make one for them as well,lowering the cost saving thousands they arent being able to make at the current system paying huge fees to transfer money betwen them.There is no hate banks control fiat money that is 98%if not 99 % from all money circulating bitcoin has just a bit money into it.Bitcoin had atracted banks to they save costs,they may dont like it be decentralized but they saw the potencial into it,and who knows if they wont be making their own crypto coin and sharing dividends with the owners of those.

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Realy, do the banks hate from BTC? I dont think so. The banks dont interest with BTC.

Lutzow

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And they're getting less transaction fees since people nowdays uses bitcoin in transferring money across the world.

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Quote from: salmanahmedone on May 07, 2016, 10:09:26 AM

Quote from: goinmerry on May 03, 2016, 08:24:54 AM

If you will think about it. Bitcoin is like a bank also. You can invest your money in it. You can transfer money using it. Your money is also growing. A competition could be the one good description not hate.

Banks hate bitcoins because its a true competitor of them. Bitcoins has low taxes, no setup fees, no upfront charges. So people will be more attracted towards the Bitcoins as compared to banks

One more reason is here, because most of the people in the other countries are using their money into bitcoins, than banks faces the lose. because now people refer convert their money into bitcoins, instead of save their money into bank account. so bank face the lose.

whored

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Banks hate bitcoins for the same reason they hate Beanie Babies -- they can't print them out of thin air. Not like their worthless fiat scrip toilet paper.

densuj

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Banks hates bitcoin because they can not control bitcoin and they can not become regulator for bitcoin.

salmanahmedone

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Quote from: goinmerry on May 03, 2016, 08:24:54 AM

If you will think about it. Bitcoin is like a bank also. You can invest your money in it. You can transfer money using it. Your money is also growing. A competition could be the one good description not hate.

Banks hate bitcoins because its a true competitor of them. Bitcoins has low taxes, no setup fees, no upfront charges. So people will be more attracted towards the Bitcoins as compared to banks

Barbut

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Quote from: Mumbeeptind1963 on May 03, 2016, 06:06:41 AM

Quote from: wikenpp on May 02, 2016, 12:20:18 PM

I think the main reason is why they are hating on it is because its not controllable by them at all.
They do not have any powers on it, although they are hating on the bitcoin they like the blockchain system...

Agree, they cant control it so that they hate it. But why they accepts bitcoin if they cant controllable this coin ?
Possibly, it can cause a bankcruptcy of a bank so that they hate it. Or many people using it and others dont need banks anymore

Everything is in the control. Cause of that world is the big shit right now. Banks doesn`t exist from yesterday, they are here for centuries and they will stay here in future.
So i agree with you people that banks dont like it cause they cant control it, they cant take some fees for them like they always do.
Fuck the banks.

sempak

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because the current bitcoin bank could take over the service. all financial transactions service owned by bitcoin. most banks will be afraid when bitcoin began increasingly recognized and used by many.

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Quote from: zerocharisma on May 07, 2016, 09:55:10 AM

Quote from: maokoto on May 07, 2016, 09:48:57 AM

I do not think banks hate Bitcoin. They will surely find a way to become big holders if it goes mainstream, and to be in control of money, as they have always been.

Agree with you. As we all know that banks are always finding a way to get profit, and maybe they treat bitcoin as a competitor. We don't really know what they'll do, i can only guess they will just adapt to it or the blockchain technology maybe.

Banks knows the value of blockchain technology and they might adapt it in future and they also know that are gonna face tough competition from bitcoin in future.

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Quote from: maokoto on May 07, 2016, 09:48:57 AM

I do not think banks hate Bitcoin. They will surely find a way to become big holders if it goes mainstream, and to be in control of money, as they have always been.

Agree with you. As we all know that banks are always finding a way to get profit, and maybe they treat bitcoin as a competitor. We don't really know what they'll do, i can only guess they will just adapt to it or the blockchain technology maybe.

maokoto

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I do not think banks hate Bitcoin. They will surely find a way to become big holders if it goes mainstream, and to be in control of money, as they have always been.

BitconAssociation

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Quote from: thejaytiesto on May 07, 2016, 09:42:52 AM

Governments couldn't properly control, tax and carry insane commissions on banking movements if everyone used Bitcoin, that's basically it. Government losses control over people's money and that's why they don't like it, and we all know governments are in constant debt with banks, so just connect the dots.

And totally not because Bitcoin accounts for over 40%

of criminal-to-criminal online payments

thejaytiesto

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Governments couldn't properly control, tax and carry insane commissions on banking movements if everyone used Bitcoin, that's basically it. Government losses control over people's money and that's why they don't like it, and we all know governments are in constant debt with banks, so just connect the dots.

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Why the fuck would a bank care what money their business is denominated in?

Do you think banks in the US are worried that their business isn't denominated in pesos? How about Mexican banks, think they're worried because all their loans aren't denominated in yen?

Topic: Why Banks Hates Bitcoin? - page 9. (Read 9310 times)