Topic: Why Big Banks are so Nervous About Bitcoin ? Why ? - page 16. (Read 5220 times)
Not only big banks aren't nervous, but digital currency will be used at the fiat currency worldwide.
Many investor are turning away and making big withdrawal on theirs banks to invest on ICOs or Bitcoin, of course they'll panic somewhat since fund circulation on bank will be affected.
Because they think that Bitcoin can replace them and they will lose money, people's trust and of course the control. Banks shouldn't be afraid of Cryptos and Blockchain. Technology is growing so fast and banks shouldn't close the door to it. One day they will understand their mistakes and they will learn from them.
It is clear why, because past the big banks begin to swim those very high interest for transfers. which they constantly had and zhidi expense of them, and now boutique is beginning to overlap and this only the beginning of....Nervous, as profits began to decline...
To all of you who thinks that banks are afraid of bitcoin and they fear of it: Does enemy tell you it's weak point? Will enemy give a weapon which can destroy or affect itself? No so what banks talk isn't 100% truth and also almost 99% of economists have never/ever told correct prognose on bitcoin's price.
Just tell me, why do some bank offers bitcoin exchange service or partners with bitcoin exchangers if they hate this coin and look it as potential danger?
Just tell me, why do some bank offers bitcoin exchange service or partners with bitcoin exchangers if they hate this coin and look it as potential danger?
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.
Big banks fear Bitcoin because of its popularity and craziness among people which is directly affect banks progress and profit. Bitcoin provide its user an high-level privacy and their is no need to give full information of sender and receiver in order to complete a transaction through Bitcoin. This thing attract more people to use this and this thing affect affect banks in different way. Bitcoin provide its user an uninterrupted money transaction facility in which no third party involved and banks doesn't provide such facility to their user. Banks are taking long processing time and also change high transaction fee where as bitcoin doing exactly opposite of this. These above advantage of Bitcoin put negative affect on banks 
yep it's not just BTC, but the blockchain tech is allowing for financial markets to govern themselves more efficiently and operate with increased transparency without relying on trading desks to operate. Not to mention, if crypto tech integrates with POS systems and NFC tech, no one will need deposit accounts. Which would mean the whole system would get turned upside down from there.
Because they are afraid, this is a direct threat to their existence. They believe that decentralization is a threat to them, because investors will invest more money in bitkoyn, there will be an outflow of capital.
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 you made a perfect case for why banks are scared to be honest. We should also remember "Satoshi Nakamoto" referenced the 2008 bailout of the banks in the famous genesis block so right from the off there is a theme in crypto of being outside of the traditional banking institution. Some say this was just a reference to the date but I don't buy that spin for one second. To me it was a clear indication that this was supposed to act outside and independent of the broken banking system
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.
Digital currency can now be used as bank, thats why banks is so nervous about btc. If btc and other altcoin are being used by majority, then banks will not be needed and will be bankrupt.
It is obvious in my opinion, becouse government and big old banks are affraid to loose their global influence at people
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.
Digital currency can now be used as bank, thats why banks is so nervous about btc. If btc and other altcoin are being used by majority, then banks will not be needed and will be bankrupt.
big banks are so nervous about bitcoin because if bitcoin is widely use, their income will suddenly drop, people wont make a transaction through bank anymore, but directly with 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
i think bank are nervous that because they scared about what bitcoin can do it after all, and they still didn't know how or to manage to control about bitcoin itself and they scare bitcoin will overtake them
They are much afraid because, Bitcoin is a Bank of yourself and anonymous, so they think that people will be much interested to click to Bitcoin ie Banking with wallet to over sees your transactions without any body monitory it.
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.
Digital currency can now be used as bank, thats why banks is so nervous about btc. If btc and other altcoin are being used by majority, then banks will not be needed and will be bankrupt.
Bitcoin can ultimately make the world banking system unnecessary. Banks system become more and more outdated with the years. I think this is their main concern.
I believe the very reason why banks are nervous about bitcoin and the digital currencies is because they don't have anymore the intervention in the people's transaction sending money anywhere across the world and people will also keep their assets in digital wallet than in banks.
Thank you for this article, it is informative and I have learned quite something.
Banks are afraid that cryptocurrency have the posibility to replace fiat to which they heavily rely on - managing fiat is their sole purpose and they would be nothing if it will be to regularized unless they adapt to the system and governments will impose them related to managing it or something.
Whenever an entity feels some kind of threat from another entity, first one becomes afraid of the later one. That is pretty obvious and understandable. Prey fears predator and this is good for its own survival. Banks are well aware of this fact that cryptocurrencies are grabbing more and more fame plus support gradually causing a decrease in their customers. Without customers, no business can survive. Banks are afraid that cryptocurrency have the posibility to replace fiat to which they heavily rely on - managing fiat is their sole purpose and they would be nothing if it will be to regularized unless they adapt to the system and governments will impose them related to managing it or something.
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