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.
https://cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin check this website guys theres a lot of info
Topic: Why Big Banks are so Nervous About Bitcoin ? Why ? - page 21. (Read 5221 times)
It's been clear that lot of banks around the globe has been facing a major loss. Now the same along with more other altcoins continue to overcome the usage of banking services. Some banking companies have come with plans of adopting the technology and some has been planning to use bitcoin along with their services. This makes banks nervous about the growth of bitcoin.
Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.
There is no reason to deny this fact that this concept of crypto currency is really gaining lot of attention and there are number of people who are investing a huge amount of money into this. This is really an alarming thing for the safe survival of the banks in the coming days. It is because of the reason that there will be left no need of banks in the future because will start going to keep their money in form of digital currency.
Dont need to read that article to know big banks are nervous and that is because their livelihood hangs in the balance. The current monetary system has been there for 500 years+ and when something new tries to challenge
the status quo you can believe that the status quo will be nervous and upset. Their first response was to attack bitcoin and belittle it and that didnt work. Countries have tried bans and restricting bitcoin well that didnt work.
Now they can see since their words, and restrictions cannot stop bitcoin they are ultimately screwed. And since they are ultimately screwed nervous is the natural response they feel at this point and time. I love it btw
Yes the interest rates of banks are fix in nature while there is no limit for the income being generated from bitcoins. Now a days bitcoin is mostly like by the people due to the reason that the government has no control over it and they are paying no such taxes so they are getting more profit from it while implementation of different types of taxes is a major duty of a bank so that’s why banks are nervous about bitcoin. the status quo you can believe that the status quo will be nervous and upset. Their first response was to attack bitcoin and belittle it and that didnt work. Countries have tried bans and restricting bitcoin well that didnt work.
Now they can see since their words, and restrictions cannot stop bitcoin they are ultimately screwed. And since they are ultimately screwed nervous is the natural response they feel at this point and time. I love it btw
Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.
yes i agree on that because as what we all have seened bitcoin is really better than banking.we really gain a huge return in bitcoin while on banking we only make the owner of the bank rich because they make our money as there capital and they give as a verry small return.i believe bitcoin really is good than banking.i believe in the capacity of the bitcoin to continue grow on the next generation because it really helps.Yes, they are also scared that the users of the bank will go to bitcoin instead going to the bank so they will also lose customers who are using bitcoins now instead the bank.
I think that bitcoin will go really high and it will make some banks scared.
Banks control the supply of the money, they are in that chain. They are not create money, they are taking interest for putting money in circulation. They are scared because they don't control bitcoin distribution, they don't control price movement with other banks like they do now and in past. They need to be nervous, and I hope that we are near their crash. Banks had power to change the world, instead to change it in a good way banks today are responsible for poverty, wars, and many other bad things in this world. Before we didn't have alternative, we had only banks and their system, what ever they do we follow. Now when bitcoins are around they are very nervous because they know that people will turn to crypto and forget banks, how much evil they did to this world they deserve to be forgotten.
And they don't hold our money. Banks make much profit by taking our money, making good investments and paying us only few percentes of total investment profit. Until some time ago they were being very successful doing that as people didn't have another options to invest their money, but now with Bitcoins we don't need the "middleman" anymore to make investments for us. We can deal directly with borrowers and we have access to profitable investments that we couldn't have access when using fiat. Also, we have access to other activities, like trading with Crypto-Currencies that are very profitable.
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.
right and because thier service wont be needed anymore,the corruptions will be stopped when bitcoin take over the transaction.bank always tell us that our money is safe but the real fact is they are the hold upper..the sindicate that making money out of our money.hope in 10 years time banking system will not be needed anymore and the crypto will take overThe reason Bitcoin is still seeing the broad daylight is because the government is yet to recognize it as something bad (I know some did) but when they do, huh, it will turn out pretty bad.
In my opinions why big banks are so nervous about bitcoin because if we invest to some banks, you can have only a little amount of percentages, but if we spend to bitcoin, we can get a massive amount of the portions of the investment, that why some banks
Because of the huge potential income in bitcoin, a lot of people are getting attracted to it and that is why the banks are being threaten for losing a lot of users and money and i think that the banks will not let that happen and they will make a lot of programs that will attract people to invest more in their side because of safer type of investment.
I think why big banks are so nervous to bitcoin because banks cannot control. The increase in the amount of the bitcoins and many people choose to investment to bitcoin more than the banks. I read some news or article that some banks told to some people that don’t invest the bitcoin for me that only a markets strategy of the banks.
In my opinions why big banks are so nervous about bitcoin because if we invest to some banks, you can have only a little amount of percentages, but if we spend to bitcoin, we can get a massive amount of the portions of the investment, that why some banks
Because basically they won't be able to control it. Bitcoin is decentralized, so meaning it won't need any third parties like banks to transfer money around the world and you can make a transaction anonymously and if Bitcoin did solve it's problem of high fees and slow transaction then it would be a big threat for banks as people will use Bitcoin more for transactions.
Just simple thing i can say in this case, bitcoin price is getting higher, it make bitcoin popularity rank increase.
That both are making the bank nervous. Why? Maybe more bank customer just take out money feom bank and start buying bitcoin.
That both are making the bank nervous. Why? Maybe more bank customer just take out money feom bank and start buying bitcoin.
Personally, I think as crypto in general starts getting more user adoption. The banks are going to be faced with two options, either they close their doors OR they adapt to the changes in the economic system and start integrating cryptocurrency into their business model, off course they are going to have to REALLY get creative on value-added services to try convince people to use their service. They will no longer enjoy the power they currently have....the power will be in the hands of the people and they will be begging us to do business with them 
(Yeah yeah, I know....some what utopian of me but hey, anything is possible )
(Yeah yeah, I know....some what utopian of me but hey, anything is possible ) 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.
right and because thier service wont be needed anymore,the corruptions will be stopped when bitcoin take over the transaction.bank always tell us that our money is safe but the real fact is they are the hold upper..the sindicate that making money out of our money.hope in 10 years time banking system will not be needed anymore and the crypto will take over
It is said a hundred of times that bitcoin and cryptocurrency is going to remove the middleman in the financial system which is majority played by bank everywhere in the world.
They are scared shitless of bitcoin because its the biggest threat for their banking system 
I do not know if ever big banks are nervous about bitcoin but if they do I believe that it is because they cannot put their hands on it. maybe because, in my opinion, they cannot put profit to it like how they do it in fiat or in our money. Their interest do not apply in bitcoin, which could mean that they cannot steal money from the individual earning bitcoins or altcoins. If the number of bitcoin and altcoin worker grows, it would decrease their profit because their will be a decrease in person in need to make a contract to them for money. Individuals would not anymore depend on their loans, mortgage, and etc,. This means their profit would be lesser than ever.
I think they are thinking about the banks' future around the world. The thing is banks only receive physical money, and bitcoin is the total opposite. It would be not logical for them to store money that has no physical form. So, they will not get any profit from that.
well big banks really affraid on bitcoin because they really didnt want to loose costumers because of bitcoin because bitcoin is really almost like banking and it is really amazing because we can gain on it with an hour or maybe a month or in a day.because bitcoin really is unpredictable and it has a great capabilty to rise in the near future that is why everyone really wanted to have bitcoin today in preparation of tommorows price. 
I think they are thinking about the banks' future around the world. The thing is banks only receive physical money, and bitcoin is the total opposite. It would be not logical for them to store money that has no physical form. So, they will not get any profit from that.
Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.
There is no reason to deny this fact that this concept of crypto currency is really gaining lot of attention and there are number of people who are investing a huge amount of money into this. This is really an alarming thing for the safe survival of the banks in the coming days. It is because of the reason that there will be left no need of banks in the future because will start going to keep their money in form of digital currency.
I think they are not afraid,of what they did the banking system in the whole world because banks are protected by the government in every country, unless the government found the digital currency as a big impact to the economy. But the decentralized currency makes it a very hard to accept by the government because they are designed to by pass the government system and the banking system.
Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.
There is no reason to deny this fact that this concept of crypto currency is really gaining lot of attention and there are number of people who are investing a huge amount of money into this. This is really an alarming thing for the safe survival of the banks in the coming days. It is because of the reason that there will be left no need of banks in the future because will start going to keep their money in form of digital currency.
Jump to: