Topic: Why Big Banks are so Nervous About Bitcoin ? Why ? - page 11. (Read 5221 times)
because they are worried that their customers will move on to bitcoin, because many of the advantages offered by bitcoin when making transactions are there is no limit of distance, time and amount in transactions and with transaction costs close to 0 (zero)
Bitcoin is a verdict for the banking system. No one can control bitcoins so banks and nervous
Everyone on the cryptoworld or maybe most of them are saying this about banks, that they are afraid of what this new technology (cryptocurrency)is about to bring to them, but in my opinion, banks and money are always in good terms, now cryptocurrency is a form of money, so in my opinion, cryptocurrency and banks will have a good relationship in the future.
Maybe at the end banks will support cryptocurrencies and bitcoin in general, so we should hope for the best, because of the technology development these days, I think the crypto world will grow so much over the years, so the banks will be obligated to adapt to that and accept cryptocurrencies, and why not to support it.I think that's not possible for real life. You should stop think that the world currency will end up by start of cryptocurrencies, that's not how ot suppose to be.
Big banks nervous on bitcoin because theres possibility that banks will replace on bitcoin because of the price is fast to rise and theres possible the money of bank will reach on bitcoin and many persons trust on bitcoin because its safe to earn a money on bitcoin.
I think that's not possible for real life. You should stop think that the world currency will end up by start of cryptocurrencies, that's not how ot suppose to be.
Everyone on the cryptoworld or maybe most of them are saying this about banks, that they are afraid of what this new technology (cryptocurrency)is about to bring to them, but in my opinion, banks and money are always in good terms, now cryptocurrency is a form of money, so in my opinion, cryptocurrency and banks will have a good relationship in the future.
Banks are not nervous about bitcoin, and people need to stop being so paranoic about those threads, there is nothing that is making banks feel paranoia, i do not understand why there are a lot of people that think that bitcoin is killing them.
I think some banks are so nervous about bitcoin because many investor is having a big interest on cryptocurrency including on bitcoin, and in that way banks knows that a lot of people or investor will put there money in bitcoin rather than putting it on the banks.There was a time where Bitcoin was not even on the radar, it was a novel idea that was primarily used by thieves and drug dealers on the dark web. Nothing to be afraid of in terms of holding a monopoly on money.
However, that same little upstart is now disrupting the system of things; from Bitcoin and other cryptocurrencies, ICOs and the ever impressive Blockchain technology. This is now a legitimate threat on traditional banks.
Banks have existed unchallenged for hundreds of years, and that is the key issue here; Bitcoin, backed by a solid platform such as Blockchain technology, is a ghost that is incredibly hard to control due to its decentralized nature.
The power and control of money is being ripped away from traditional institutions, which can also be seen on Wall Street. Some of these traditional investors are siding with what could be the future, while others vehemently denounce it.
Individuals can now enter into direct peer-to-peer trusted exchanges with strangers. They no longer need a central institution to vouch for the other party.
Just like the fax machine, the library, even metered taxis, new technologies have come along and made others obsolete. Banks are now in the sights of Bitcoin and are in their death throws, as they lash out with the power of states behind them.
However, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.
Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
Of course, Bitcoin is more popular than big banks. The investor can accepts bitcoin to invest their money. It the reason bigbanks are so nervous about bitcoin.
Banks are not nervous about bitcoin, and people need to stop being so paranoic about those threads, there is nothing that is making banks feel paranoia, i do not understand why there are a lot of people that think that bitcoin is killing them.
I think some banks are so nervous about bitcoin because many investor is having a big interest on cryptocurrency including on bitcoin, and in that way banks knows that a lot of people or investor will put there money in bitcoin rather than putting it on the banks.
Banks are afraid of cryptocurrency,because in spite of decentralized and its value much higher than their interest ,depositors in a bank will be less and change to digital currency.For now bitcoin become more popular and investors want to invest in bitcoin rather than banks now.It is a better currency for us because in charges the added a small fee in a bank they always charges a higher fees so thats why many depositors want to go on bitcoin ,banks will die sooner or later.
Bink banks are afraid about bitcoin because if people, and investor are become interested in bitcoin and choose to invest in them, save and use them they will losing clients and investor and also they have no power over it, they cannot control it, and they might withdraw all their money and put it into bitcoin.
Indeed, banks have all the reasons to get nervous. The world is slowly turning against them. Gone are the days when they are the ones dictating everything in the world, from whether the poorest of the poor will live another day or not, to who will rule a certain country. That is how influential banks used to be. And with such a huge power in their hands, they only made the world a lot worse than it was without them. Time for a big change!
because if I think big banks are afraid of the bitcoin is that they are afraid that people who often invest in their bank is on the run to move bitcoin, because bitcoin is a very good investment place and promises really for the profit that will be in
It just because of popularity of bitcoin so that they afraid or worried about the bitcoin and also we know if every country know about bitcoin so many bank or any big banks are absolutely nervous, like us we don't save our money in the banks we are going to invest in any coins just like bitcoin just because of income and the fluctuation of cryptocurrency or stocks that possible our investment was going to increase not like the banks.
Big banks are so nervous about bitcoin because their biggest depositors might decreases. They are afraid that many of them may withdraw their money and turn into bitcoin investment because of a very innovative technology and advantages given by bitcoin. And they are afraid that people will never use a bank anymore.
I don't believe that big banks are afraid of bitcoin as a big threats to banking system because they have there own marketing strategy of managing money to customers and investors, and perhaps, if bitcoin will dominate the new system i think many years have to funder that system together with government regulation.
You should believe it dude. The existence of bitcoin up to date only proves that the financial industry could be better and can operate even without the banks. Almost all of the banks services can do by bitcoin and as matter of fact, it is much cheaper than them. The only hindrance for a business to accept bitcoin is the volatility which enjoy by some traders.
investor interest in the digital currency is getting stronger when compared with the banking sector is completely opaque. digital currency can be a good tool to hedge your investment value against inflation risk. Bitcoin may be a threat to the easy money bank, but it does not pose an existential threat to the system,
There was a time where Bitcoin was not even on the radar, it was a novel idea that was primarily used by thieves and drug dealers on the dark web. Nothing to be afraid of in terms of holding a monopoly on money.
However, that same little upstart is now disrupting the system of things; from Bitcoin and other cryptocurrencies, ICOs and the ever impressive Blockchain technology. This is now a legitimate threat on traditional banks.
Banks have existed unchallenged for hundreds of years, and that is the key issue here; Bitcoin, backed by a solid platform such as Blockchain technology, is a ghost that is incredibly hard to control due to its decentralized nature.
The power and control of money is being ripped away from traditional institutions, which can also be seen on Wall Street. Some of these traditional investors are siding with what could be the future, while others vehemently denounce it.
Individuals can now enter into direct peer-to-peer trusted exchanges with strangers. They no longer need a central institution to vouch for the other party.
Just like the fax machine, the library, even metered taxis, new technologies have come along and made others obsolete. Banks are now in the sights of Bitcoin and are in their death throws, as they lash out with the power of states behind them.
However, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.
Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
Big banks are so nervous about bitcoin because Bitcoin is so popular and profitable. I think alot investor will accept bitcoin soon.
Banks afraid Bitcoin existence because of this popularity and the use of bitcoin is very interesting like being anonymity for every transaction we made fast and secured with no hassle and can send transaction overseas banks nervous in bitcoin cause people probably invest there money in btc than saving in their banks when people have knowledge in btc.
In my opinion, why would you to the bank firstly? For make sure about your money is in safety? Or you just wanna invest in and grow with low percents earnings for time manner?
They have to be nervous because it is not within their reach to control. They don't have a say in it, that is why you can't see them accepting it. Bitcoin will take away the percentage they earn from fiat by taking it from other people's fiat. Bitcoin will make them close up if everyone gets involved.
In general BTC has dominated the monetary market of banks, investors have been gradually transferring money to invest in BTC. Some people like to invest in risk they have withdrawn from the bank and buy BTC, some people are afraid of risk and they still follow the bank. But most of it is to abandon the bank to Crypto. Jump to: