Topic: Why Big Banks are so Nervous About Bitcoin ? Why ? - page 17. (Read 5220 times)
Well its because bitcoin offers services more than banks can do and also gives higher appreciation for savings and investment. Most of the banks are threaten of the fact that digital currency is the upcoming future of all currency that can be used all over the world and time will come that banks are no longer needed.. They see the development of cryptos and how it was able to influence many investors. Banks are afraid of losing their legacy in the economy because of bitcoin. But as of now, banks are already depend on the government because government doesnt allow that to be happen that banks can be gone away because banks are also helpful to the government because of the big tax that they give to the government that can be used in the economy of their country.
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 they know that bitcoin can do better than what they can. The bitcoin was so popular in the world and many people wants to have it to keep it 'til the price of it increase and then earn it. The bitcoin security was so strong unlike in the bank because it is online and the company who hold their bitcoin was so polite. And it is easy to use when you need to cash out or withdraw your money,
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
off course, The big banks are so nervous about bitcoin because The bitcpin is so popular 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 in the coming few decades as the popularity of bitcoin arises then they will afraid that many high investors will investing to bitcoin. the big banks should create a new crypto too.
Of course they will be nervous, it can cause significant damage to their economy!
You're completely right. Some countries who actually didn't ban bitcoin and other cryptocoins, but never regulted this instead are getting stronger in nearest future in financial statements of usual people
As you can saw on the chart history bitcoin regulates higher prices and the forum also has a lot of capabilities to earn good moneys. Big banks are afraid because bitcoin has a chance to overtake fiat sooner .Bitcoin is strong nowadays and the most popular coin worldwide. 
You're completely right. Some countries who actually didn't ban bitcoin and other cryptocoins, but never regulted this instead are getting stronger in nearest future in financial statements of usual people
of course they can be understood. Crypto undermines the fundamentals of their financial world and turns everything upside down. Instead of the center and satellites, a decentralized network. The crypto market conceals more dangers for the world's banks than it can bring benefits.
Because banks know very much about this. They are afraid it will be unchallenged by bitcoin and eventually they will be replaced. Because bitcoin has started in knowing many people but there are still many who banned from a country whose majority of government in control by the upper class.
Umm.... Logical reason why Bitcoin as Bank's threat because Bitcoin dont need Middle-Man for their Transaction.I mean, Bitcoin have Blockchain as their Data Center and transaction can done easily and faster. So, bank scare their user will drop
Quite logical, I would say
Because banks know very much about this. They are afraid it will be unchallenged by bitcoin and eventually they will be replaced. Because bitcoin has started in knowing many people but there are still many who banned from a country whose majority of government in control by the upper class.
Umm.... Logical reason why Bitcoin as Bank's threat because Bitcoin dont need Middle-Man for their Transaction.I mean, Bitcoin have Blockchain as their Data Center and transaction can done easily and faster. So, bank scare their user will drop
Big banks are so worried about bitcoin because bitcoin's transaction fees are too low. Also bitcoin is used to pay for services quickly and conveniently via the internet. Mostly in developed countries use bitcoin in a common and effective way. That's why big banks worry about bitcoins.
Definitely, banks are threathened to bitcoin and blockchain. That is how profitable bitcoin is that even huge institutions are afraid to the future it can conquer. THey know that there is a possibility that people may opt to use bitcoin instead of fiat. If that happens, even though they have been into online banking system now, bitcoin phenomenon is still unstopable to grow and be chosen by the people.
I very much doubt that Banks worry about Bitcoin and cryptocurrency. They know about it but all market is small.
Obviously banks want to protect their profits. If they are under attack from something that could genuinely undermine them, they will do everything in their power to stop it. Time will tell, at the back of the bankers mind will be worry and realisation of the potential of BTC.
they didn`t care for it before because they thought it will be extinct within time but wherever the big investors got included especially their rivals , than they got nervous because beating money with money would be very hard when the other have better tech and money as well.
There are not any business that wants it's income to decrease. Banks lately started to hate BTC because they see the danger. Cryypto wil change a lot about banks and their income. Also some governtments will not like decrease of their banks income
In my opinion, banks have a slightly different function than Bitcoin, but since banks are directly connected to currency and Bitcoin is a substitute to that. I mean, even the dumbest person, looking at the speed of development of crypto (in term of market cap.), would get worried about future of currencies.
Because banks know very much about this. They are afraid it will be unchallenged by bitcoin and eventually they will be replaced. Because bitcoin has started in knowing many people but there are still many who banned from a country whose majority of government in control by the upper class.
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
off course, the bitcoin has many advantages. it is simple and secure. the bitcoin is digital currency. so, the big banks are ao nervous about bitcoin. because the bitcoin ia the future crypto currency.
For me next years will show if it is possible for bitcoin to make level up, i mean to make it worlwide and possible to pay like normal money, cause if yes than we will have with two ways of paying, normal money and crypto for me and at this time banks could work like nowadays which won't make any problem for them.
Bitcoin has a potential of stealing a huge chunk of money flow from them and making them useless as intermediaries. Also, this way they risk losing there power and political influence.
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