Topic: Why Big Banks are so Nervous About Bitcoin ? Why ? - page 19. (Read 5220 times)

Absolutely, if I were to be a big bank right now, I would be worried. Cryptocurrency at large is a huge threat to the banks and this totally means that most people will end up having much more reason to keep their funds in their wallets than having anything to do with the bank.

Like you said, crypto is taking over, but a decade is too small for that to happen as there will be so many people in the world in the next 10 - 30 years that may not even have a clue what crypto is all about as they are so in the dark to what is going on in the world presently.

the big banks are nervius about the bitcoinbecase the bitcoin is offering such a facilities to its client that big banks cannot. due to these facilities the client prefer the bitcoin trade instead to keep money in the banks. also their taxes are high while the tax of bitcoin transfer is very cheap. that’s why big banks are nervous baout the bitcoin.

Banks are over the world are against the bitcoin because people leave to invest their money and keep them save in banks and love to invest that money in bitcoin and use for the transaction in bitcoin and that’s why people like bitcoin the most.

Banks are getting nervous because of bitcoin and the reason is bitcoin is now one of the top cryptocurrency in the world and people all over the world love to be the member of bitcoin that’s why people spending their money and forget about banks works that why big banks are also getting worried and I know they are all against bitcoin.

in one perspective bitcoin is becoming popular..many people are recognizing btc..and it is starting to revolutionize the world of trade and industry..but what may also be running to their mind is will they risk in joining in..for btc are very volatile and unpredictable..bank are afraid to join in because of the risk where in their risking depositors money..once somebody stole their btc they cannot get it back not like in real robbery..or if the price of btc go down..

the big banks are nervous about the bitcoin because the bitcoin is offering such a facilities to its client that big banks cannot. due to these facilities the client prefer the bitcoin trade instead to keep money in the banks. also their taxes are high while the tax of bitcoin transfer is very cheap. thats why big banks are nervous about the bitcoin.

Bitcoin is not a challenge to banking, blockchain is open source and free to use if they wish and some do to a minor extent.   The International monetary fund says it may well employ a blockchain in future for some kind of digital money, I dont think they speak falsely as I've heard from a dozen or more sources that blockchain as a technology is respected.

They do not respect bitcoin as a source of value though because it is not unique in their eyes or patented even or with any military or national power backing it.   Banks probably do oppose decentralised systems and peer to peer but I still do not see banks replaced by bitcoin, not all value they carry is false and not all of it is leveraged.

Even in bitcoin we find there are central points of value and a need for capital to provide investment.   It can be crowd sourced but also the old idea of large funds and companies is not suddenly over.   Banks will still exist within a bitcoin system Im fairly sure.


I disagree banks have been unchallenged.   Banks have gone bankrupt and had fascist and communist governments in control, as an idea they still carry on now.   Largely a bank just exists to mediate between borrowers and lenders, we'll always get some leverage on demand for business from other business I think.    The competetion I see from banks to crypto is their mobile apps, I worry these will be more usable to the common consumer then anything crypto gives bar the price gains

I think this is pretty obvious. When fiat currency investors switch to Bitcoin, chances are many banks will close because its very purpose has been directly addressed by cryptocurrencies. In banks, all clients' money are subject to withholding taxes. Moreover, the value of money you have in banks do not earn much interest through time because whatever it is that you gain will be subtracted by the taxes collected by banks for governments. Whereas in Bitcoin, all your Bitcoin are all for you and subject to no other taxes. What is more is that its value increases through time based on data. Hence, as an aggressive investor, what more can you ask for?

Blockchain's technology is really futuristic that banks too are implementing its technology in their system and reading its effects. I do know a state bank in my country which is implementing blockchain's technology for its functioning. Something which is futuristic will take over what is available at present so every bank should fear.

Banks need money to run and the money comes from customers who save their money there, now that bitcoin has emerged, lots of people have decided that its not really worth it to save their money at banks where they get little to no interest and that it would be better to but bitcoins where the value may rise and make them some good money.

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 are frightened because bitcoins have a huge potential that they break down by transferring investors to bitcoins. So now is actually to discredit it in the eyes of the people. This is definitely one of their future opponents. But they can not do anything because everyday it keeps increasing the number of people moving into bitcoins. So they should accept the fact that bitcoins are the future money we can use in all of our transactions.

Of course they nervous about it cause when their country legalize Bitcoin it'll be a big trouble for them. People will only focus on investing in Bitcoin and will not pay attention to bank anymore cause the profit they can get by investing in Bitcoin is better than keep their money in bank to receive interest every month. Beside with Bitcoin they can earn money by a lot of ways like trading, gambling, investing in ICO,....but with bank they only can earn more money by receiving the interest ).

Banks are just products of our technological evolution - a necessary eventuality.

Same with Bitcoin and blockchain technology. Satoshi didn't invent bitcoin anymore than mathematicians invent math.

This logic leads me to believe banks are not threatened but will instead, adapt and absorbs the technology. They're smarter than the music industry. I doubt they'll fight this progress.

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.

I think it is obvious. Who will like it, when the situation turns like this: you stop getting commission. Bitcoin and all alts are decentralized cryptos, they do not need any help of any bank. Thus, guys, who are used to get great income through bank operations are very nervous.

For using crypto currency like Bitcoin,there are many problem in our world.Big Banks are so nervous, it is one of them.It occurs that we know Bitcoin is an online based currency. It generally complete its all work in virtually. So,there is no need to pay money in cash.It is the main reason of Big Banks nervousness.

Don't think that banks are particularly scared of bitcoin. They main profit comes from fee on loans which are not dependent on currencies. At if bitcons becomes the main currency they will just start giving loads in Bitcoins.

The real reason for them being nervous is decrease of their dominance and technical advantage caused by rapid technology evolution. It gets more easy to create a bank without investing huge funds.

the leaders in the Bank world are nervous when they hear about crypto and blockchain technology because it represent a threat to them and it is a bit to late to do something about it. What one was treated like a child's dream now i a threat to the international banks.

Threatened should not be the proper word here. Bitcoin is not threatening anyone, not even the banking system. Bitcoin and banks should work together. However, what banks is afraid of is that with Bitcoin, we are totally eliminating them. No middle person like banks. We are our own banks. However, both of them can work mutually exclusive. At least we have other options and I'm don't think most of the bitcoin users are anti-banks, there are still bitcoin users who store their wealth in a banks. And we can't totally eliminate banks. They have to think it that way. There's no way that they will became obsolete because of bitcoins. Banks are here to say and so is bitcoin. No one will win in this war. And they should not be nervous nor feel threatened in anyway by bitcoin.