Topic: Why Big Banks are so Nervous About Bitcoin ? Why ? - page 14. (Read 5220 times)
Big banks are very nervous? Why? It is because bitcoin is like them, but in bitcoin you'll earn profit even though you will put or transact your money on it. Unlike in banks, when you transact it there, the value of the money will only get less as the year goes on, and they only have a little interest in it. In bitcoin as year goes on, you might not be able to tell the price and profit you'll earn, it might get up high tomorrow, next week, or even, next month. They are afraid that bitcoin might dominate the world, and in the future it might turn out that we'll use virtual currency and there will be no need for them.
Because the presence of Bitcoin and other digital assets can disrupt the stability of the national financial system. Bitcoin creates the risk of financial system stability in the event of a bubble burst, as there is an interaction between the virtual currency and the real economy.
Why won't they be nervous?They will be because banks are very greedy.And greedy men are about to lose their source of income which will be directed into bitcoin to benefit all and sundry.Banks cheat people to be rich.One day when every individual come to understand the cheating activities of banks and start to look at cryptocurrency as the best option,all banks will definitely collapse with no exception.
It may just be that big banks fear that bitcoin is going to beat him.
The more people who use the bitcoin might someday in the future people will prefer the bitcoin as means of transaction and the currency in some negarapun not enacted again and banks will go bankrupt.
The more people who use the bitcoin might someday in the future people will prefer the bitcoin as means of transaction and the currency in some negarapun not enacted again and banks will go bankrupt.
There would be less depositors because some are investing to the world of bitcoin..it has a big value and somewhat promising and many people like business minded would choose to buy bitcoins because of the opportunity to earn more.
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
The big banks are so nervous about bitcoin because that due to a popularity of a bitcoin and its advantage as an electronic currency such as security and fast money circulation, many people like middle investor are investing in bitcoin instead on the bank and They will afraid that many high investors will investing to bitcoin. So, The big banks should addopt the crypto technology for their banks or create a new crypto.
of course the bank is very frightened by the bitcoin because I think if there is a bank then it is definitely the bank will not be used much more for some communities because there are already bitcoin that can replace the function of the bank.
Big Banks want to destroy Bitcoin before it destroys them 
Bitcoin has the potential to become a new currency, free of the control of big governments and big banks.That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges, as the Chinese government has announced recently, crushing cryptocurrencies.
Bitcoin has the potential to become a new currency, free of the control of big governments and big banks.That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges, as the Chinese government has announced recently, crushing cryptocurrencies.
If bitcoin is interfering with banks processes and sales maybe they have something to fear of. Yet I don't think banks are so affected because if they do certainly most of them could have been closed right now. Banks exists and gains profit from the loans many people got into. I haven't heard about loans so far in the cryptoworld. I heard that there are banks but there are no existing business that offers this.
why big banks are nervous about bitcoin, now we know that the body that validates and formalizes cash is the bank, maybe the bank is worried about the emergence of this digital money or another name bitcoin, because with the bitcoin can make cash extinct.
Banks has no fear about bitcoin it's only the fake news that trigger the rivalry between this two because we all know that banks had already active since the beginning people are already familiar in having their transactions through banks so no need to worry about bitcoin.
Banks are primarily used for the sake of keeping your money safe and that to perform different kind of transactions. The survival of the banks is no doubt in danger and that the only reason behind that is all the crypto currencies can help the people in meeting all their needs and above all, it is also helping them in gaining more money because of the rise in the market value of the crypto coins.Banks has no fear about bitcoin it's only the fake news that trigger the rivalry between this two because we all know that banks had already active since the beginning people are already familiar in having their transactions through banks so no need to worry about bitcoin.
Banks are primarily used for the sake of keeping your money safe and that to perform different kind of transactions. The survival of the banks is no doubt in danger and that the only reason behind that is all the crypto currencies can help the people in meeting all their needs and above all, it is also helping them in gaining more money because of the rise in the market value of the crypto coins. 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.
You made great points on reasons why banks are nervous. Banks and similiar institutions now are trying to get involved in this whole thing by pumping money in it, so we can made profits because of their fear to lose their money and power. The biggest wealth distribution ever. Bitcoin is revolution.
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
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 BTC came about to disintermediate third parties. Banks are definitely unnecessary when making transactions person to person, especially across borders.
The reason on why banks see bitcoin as a threat is deu to the payment system it provides to users. As what you mentioned, the existence of bitcoin eliminates the need of a person to transact personally to another through the use of banks. Another thing, banks are also businesses present in every country and their main goal (like any established business) is to earn money. The existence of bitcoin has influenced a lot of individuals to invest money on a non-regulated source which makes banks irrelevant in the picture. This may also potentially disrupt the equilibrium in the money supply in the market.
ı think crypto currency will be a threaten to real currency, and bank is holding the real currency, they are afraid of losing their currency's value. So maybe, bankers are looking crypto currency as a threaten to them.
A currency's value is determined upon the number of gold reserves a country has. Factors such as inflation, money supply and demand, economy etc. are also some determinable sets that affect one's value of currency. Cryptocurrency, specifically bitcoin, cannot replace the traditional paper money yet as countries have their different economic and technology level.
Banks worry about bitcoin for a variety of reasons. If bitcoin becomes an official currency, banks are required to accept bitcoin transactions. Electronic money exchange is worried because the price of bitcoin is different each time. Banks incur a loss if they import bitcoin.
Banks should be afraid with bitcoin or others cyprocurrency. Cryptocurrency can eliminate intermediaries like banks. For example, we dont have to open bank account if we can open bitcoin wallet without fee anytime we want and we dont have to provide our IDs.
After we made wallet, we can make transaction thru internet with somebody all around the world and transfer with lower fee than banks fee. Our transfer is fast and its instant transfer because just a minute they receiving our bitcoin
After we made wallet, we can make transaction thru internet with somebody all around the world and transfer with lower fee than banks fee. Our transfer is fast and its instant transfer because just a minute they receiving our bitcoin
Banks are nervous about bitcoin because of it's capability to compete with fiat money and so for bitvoin has a lot of supporters including other countries.
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
i think banks are afraid in bitcoin and other cryptocurrencies because bitcoin and other cryptocurrencies are so convient to visit. and you can create a wallet easily. in my experience i first create a bitcoin wallet before my bank account. its funny but its true. actually im planning to transfer all of my money in my bitcoin wallet cause in my bitcoin wallet it makes a profit easily. just a couple of minutes.
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