Topic: Why banksters are now in war with bitcoin? (Read 1099 times)
I don't think banks will go away or die, I guess, Banks will switch to crypto, they will offer interest on your deposit and charge you on loans.
Bank already in war secretly with Bitcoin since 2010 from bad press about bitcoin, encourage government/federal bank to ban/regulate bitcoin, makes buy/sell bitcoin process complicated any many more.
They also use blockchain technology, offer various promotion/discount and promise lower fees to prevent people adopt bitcoin.
But i think what he said is just another bad press about bitcoin since various people/media already said bitcoin is scam, ponzi, fraud, failure idea or will die thousand times (https://99bitcoins.com/obituary-stats/)
They also use blockchain technology, offer various promotion/discount and promise lower fees to prevent people adopt bitcoin.
But i think what he said is just another bad press about bitcoin since various people/media already said bitcoin is scam, ponzi, fraud, failure idea or will die thousand times (https://99bitcoins.com/obituary-stats/)
THERE IS ABSOLUTELY NO TRUTH TO THE WRITE UP AS HEREIN INDICATED. LET US NOT BE VICTIMS OF FALSE NEWS. LET US NOT MAKE THEM WIN THIS. THESE PEOPLE ARE CLEARLY TRYING TO CONTROL US HENCE SABOTAGING THE REPUTATION OF CRYPTOCURRENCIES, ESPECIALLY BITCOIN.
You know, they do this often. They even create pseudo war among Bitcoin, Ethereum, Litecoin, and many others. Otherwise stated, they are making it appear that the platform of one crypto is different from all other cryptos hence people get to magnify the fault in cryptos especially that of Bitcoin since it is the most sought after crypto to date. Purely CRAB MENTALITY, as we all ought to know.
I hope people do not easily fall for these dirty tactics as our every move, as Bitcoin investors, are heavily criticized worldwide. Remember that the price suffers with every wrong move. There are already enough whales in here that try to control the price fluctuation by selling and buying a big chunk of their Bitcoins, I hope we do not add up to that number.
The latest from the banksters is that the bitcoin crash caused the stock market crash, I kid you not:
https://www.bloomberg.com/gadfly/articles/2018-02-06/bitcoin-and-stocks-have-more-in-common-than-you-think
This is idiocy, the type of people who own bitcoin tend not to have any stocks at all.
But teh financial journalists need someone to blame - they've been claiming bitcoin is a bubble while ignoring the huge bubble in the stock market.
https://www.bloomberg.com/gadfly/articles/2018-02-06/bitcoin-and-stocks-have-more-in-common-than-you-think
Quote
Yet it's still possible that its slide on Monday made the broader market selloff worse, as investors sold assets to compensate for crypto-losses. Marginal as this may be, and you can't be certain of correlation with something as unstable as digital currencies, it's a link that's at least worth exploring.
The past 24 hours have shown a surprising resemblance between Bitcoin's behavior and the world's more established financial markets. A chart of Bitcoin's price plotted against S&P 500 E-Mini futures shows how both moved in similar formation when the selloff reached a trough and a mini-rebound began.
The past 24 hours have shown a surprising resemblance between Bitcoin's behavior and the world's more established financial markets. A chart of Bitcoin's price plotted against S&P 500 E-Mini futures shows how both moved in similar formation when the selloff reached a trough and a mini-rebound began.
This is idiocy, the type of people who own bitcoin tend not to have any stocks at all.
But teh financial journalists need someone to blame - they've been claiming bitcoin is a bubble while ignoring the huge bubble in the stock market.
There are valid reasons why bankers are now in war with bitcoin.. I can only imagine if bitcoin would be use widely and globally, it will become a serious threat for all the bankers because the need for man power would greatly be affected and most of the services from the banks would be cut off. Banks do earn alot of money from their investors but investors does not get much from the bank and I think its being unfair.. Banks only show that they are truly insecure with bitcoin.
Hm... I am really curious how it will turn out in the end. But still I guess that the banks will make a fortune with cryptocurrencies. No chance it will end banking in the near future...
Also the press is in war with bitcoin!
After a recent comment from JP Morgan it seems like Banks are now in war with the Bitcoin but the facts are different in a recent post it was discovered that JP Morgan CEO Jamie Dimon is investing in Bitcoin. So the fact is Banks wanted to create a sense of fear among people so that people get afraid and start selling their Bitcoins so that the price could fall and they can buy for low price which they did, and then later on hold the market by having majority of bitcoins, So the fact is all such statements made by the banks are pre planned move.
Yes, JP Morgan has been unmasked now and the Dimon attacks looks like it is being coordinated somewhat. It is effective because they have pull back the prices and they were able to buy it at a low price. However, we already learned from it and we won't be selling anytime soon even if he issues another statement attacking bitcoin.
Bank already in war secretly with Bitcoin since 2010 from bad press about bitcoin, encourage government/federal bank to ban/regulate bitcoin, makes buy/sell bitcoin process complicated any many more.
They also use blockchain technology, offer various promotion/discount and promise lower fees to prevent people adopt bitcoin.
But i think what he said is just another bad press about bitcoin since various people/media already said bitcoin is scam, ponzi, fraud, failure idea or will die thousand times (https://99bitcoins.com/obituary-stats/)
They also use blockchain technology, offer various promotion/discount and promise lower fees to prevent people adopt bitcoin.
But i think what he said is just another bad press about bitcoin since various people/media already said bitcoin is scam, ponzi, fraud, failure idea or will die thousand times (https://99bitcoins.com/obituary-stats/)
They may have been warring bitcoin eversince. But its more prominent now because bitcoin price is going up which means that more people are investing on it. As a result the money that should be in the banks are all in the ecosystem. That's why they can't really ignore the fact that bitcoin today is gaining advantage from the banks.
who says that it is a battle ?,,,, I think not, if the bank feels it is fighting with bitcoin it is normal ,, the same when a trader is rivaled by another merchant ,, and it seems like the statement appears when the higher the bitcoin value, and the bank is worried if the world is controlled by bitcoin,
Make sense, yeah it is like same rivalry that even happens within two banks. That is natural thing to happen. Banks are afraid of the fact that bitcoin is getting fame and the control of bitcoin over international market is getting more and more day by day. So being afraid is natural way.
The capital is limited. You invest $1 million in bitcion which means the bankers lose the opportunity to charge the commission fee of $1 million.
I think that the bank cant will be obsolete.
Because bank is bank, offices, paper money etc..
Maybe they are in war with bitcoin, because bitcoin is a digital currency that have privacy settings, unlike credit card etc.
And the banksters are envious
Because bank is bank, offices, paper money etc..
Maybe they are in war with bitcoin, because bitcoin is a digital currency that have privacy settings, unlike credit card etc.
And the banksters are envious
I think you'd have in the poll the option never.
The bank system is as old as the mankind.
You cant fight it in a few years, you need much more time
The bank system is as old as the mankind.
You cant fight it in a few years, you need much more time
who says that it is a battle ?,,,, I think not, if the bank feels it is fighting with bitcoin it is normal ,, the same when a trader is rivaled by another merchant ,, and it seems like the statement appears when the higher the bitcoin value, and the bank is worried if the world is controlled by bitcoin,
Bankers sooner or later are going to accept that Bitcoin is a currency just like the others. They don't like it because Bitcoin is out of their control. I dont think Bitcoin is fully decentralized because if you think about it, miners do have some power over Bitcoin.
May be you are right somehow but I think bitcoin is decentralized and uncontrollable cryptocurrency because up till to date no any complaint has been noted by shareholders regarding decentralization of bitcoin. Bitcoin is a big threat for Banks and bankers and bankers will keep continue this war with bitcoin in future. Mostly people are fed up of banks dealing and bitcoin is the best substitute to resolve the people issues, as they have with banks.
After a recent comment from JP Morgan it seems like Banks are now in war with the Bitcoin but the facts are different in a recent post it was discovered that JP Morgan CEO Jamie Dimon is investing in Bitcoin. So the fact is Banks wanted to create a sense of fear among people so that people get afraid and start selling their Bitcoins so that the price could fall and they can buy for low price which they did, and then later on hold the market by having majority of bitcoins, So the fact is all such statements made by the banks are pre planned move.
i disagree with the Poll. i believe banks will never be obsolete. they are old systems that have been offering services (good and very useful services) to people for money. and their services for money will always be needed one way or another. we can not deny that.
but the thing is that these banks need to change and update themselves to the new world and new technologies of this new age. so far they are threatened that their business and their earning is going to diminish because of bitcoin and blockchain technology. but soon they will realize it is inevitable and they need to adopt instead of fighting it because that is a battle they are not going to win.
but the thing is that these banks need to change and update themselves to the new world and new technologies of this new age. so far they are threatened that their business and their earning is going to diminish because of bitcoin and blockchain technology. but soon they will realize it is inevitable and they need to adopt instead of fighting it because that is a battle they are not going to win.
I voted 20 years because it was the longest amount of time, but I would rather have voted that banks would never be obsolete also, or at least it would take a much longer period of time for them to be obsolete.
And I agree that if banks want to survive, they need to embrace this new technology and provide cryptocurrency services for their customers. They could use this to gain customers and be out in front of this technology. Instead of fighting Bitcoin, they should figure out how to be part of the movement or they may get left behind.
I think Bitcoin will be around forever even if it becomes an underground currency. I think that won't happen but that is probably the worse case scenario.
The whole cryptocurrency has changed the people to use crypto currency rather than traditional banks in developed countries so the bankers are scared of losing their job, in the starting stage of bitcoin bankers did not bother they just ignored now they are aware that bitcoin and blockchain technology is very useful and the banks are trying to implement the blockchain technology to defeat bitcoins. The power of bitcoin are its own users, the early users need to fight to clear the war between banks and bitcoins. The community need to be strong to break the wall.
You should consider their side of this, to understand where they are coming from.
For many years they were in a position of power. They could selectively chose, who they want to allow into their little private club. If you were poor and they could not exploit you, you were pushed out of the banking system. May 17, 2016 - Although 700 million people have signed up for a bank account since 2011, about two billion worldwide remain unbanked.
Bitcoin is a huge threat to them, because people can make transactions, without using any banking services. People do not have to use ATM's to withdraw cash or transfer cash through online banking systems. You pay no monthly fees to have a bank account or pay extra for services they charge you.
The banks hate Bitcoin and you see this in the desperate statements that are being made lately. ^smile^
Bitcoin will free you from these fraudsters and exploiters who gets bonuses when they commit fraud.
For many years they were in a position of power. They could selectively chose, who they want to allow into their little private club. If you were poor and they could not exploit you, you were pushed out of the banking system. May 17, 2016 - Although 700 million people have signed up for a bank account since 2011, about two billion worldwide remain unbanked.
Bitcoin is a huge threat to them, because people can make transactions, without using any banking services. People do not have to use ATM's to withdraw cash or transfer cash through online banking systems. You pay no monthly fees to have a bank account or pay extra for services they charge you.
The banks hate Bitcoin and you see this in the desperate statements that are being made lately. ^smile^
Bitcoin will free you from these fraudsters and exploiters who gets bonuses when they commit fraud.
Bankers earn money from thier day by day jobs. They receive money from people, and when people return to ask for their money, they say: you have to pay this tax, and tis tax, and Good knows what, if you want your money that you gave to me earlier. Now there is something different that is risking their jobs and their earnings. There is bitcoin, one does not need the classic banks to have bitcoin, nor to cash it out. This is why banks will begin the war with bitcoin, because bitcoin is threatening their earnings and jobs.
Obviously because people who have knowledge about bitcoin tend to use bitcoins more than real money. Instead of investing money in banks, people invest in bitcoins. Banks earn from people who invest in their companies and when people choose bitcoins over banks, the bank is not profiting.
bankers against the bitcoin in crypto currency the insecurity of the bankers in the bitcoin as currency is very risk for them, the bankers scared to replace the local currency ino cryptocurrency and all bank are close and raised the bitcoin bank haha.
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