Why Big Banks are so Nervous About Bitcoin ? Why ? - page 22.

ItsEzMkay

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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 Cheesy

mrcash02

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Quote from: iv4n on November 06, 2017, 05:21:39 AM

Quote from: Viakor on November 06, 2017, 04:50:46 AM

Quote from: Ronaldcoin2017 on November 06, 2017, 04:31:48 AM

Quote from: lady-odyvan on November 06, 2017, 04:26:17 AM

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.

felipe04

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If the price of bitcoin is like this so high and the value become stable i think this is the best if that's will happen.They scared of that because here in bitcoin we can save now our money with no risk from volatile price.I think also if many country will know the value of bitcoin it will become so really high and because of that the money here will be the famous of them all

MCVXYZ

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I think that bitcoin has the power to undermine the banking system and reshape the financial landscape,but not today,because There are only ~ 15-20 Million people using blockchain system and there are billions In banking sector. of course they are scared ,because their profit is transaction fee and loan,but as we know, in these sphere bitcoin has no competitor.

reliable

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Quote from: lady-odyvan on November 06, 2017, 04:26:17 AM

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.

I think bank need not to worry because majority of the country does not seem to be comfortable around with btc and due to which they are still not decided to legalize it. Only if all countries decide to legalize the btc then the bank may have problem else they are as safe as they were till now in future too.

kemonojim

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Quote from: iSkyCastle on November 01, 2017, 05:37:59 PM

Quote from: zypa on October 13, 2017, 02:11:51 AM

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Quote from: usekevin on October 13, 2017, 01:47:06 AM

Quote from: Jafri101 on October 12, 2017, 11:56:52 PM

Because the paper money is being conerting into virtual currency. People prefer to buy and hold bitcoins and also for shopping purposes,no one wants that someone should know about his wealth,if its in bitcoin so its only you who knows howmuch momey you got. People want bitcoins because its price is damn volatile,chances of profit in bitcoin is more then in just keeping money in banks.

Yes true bro.If you keep your investment in bank for a year means,you will get only 4-5 % of Money you inverse.That also in private banks.But in BTC,you will get n th % of the invested money.By seeing this ,many start to inverse in bitcoin rather of saving in Bank.So the bank get fear of what will happen to them in future,by seeing the growth of BTC.

I'm also agree that there is a big possibility in the future that the bank become useless in some people because they are become attracted in bitcoin on which they can earn a good profit in a year than investing it into the banks.

I hope they become useless or at least try to give better services in the interest of normal people and not getting rich with huge interests on the back of the small.
For example I have a mortgage for the house and they get more than 15k in profits and for what? For giving me a virtual number they generate in a PC? Mah

They gonna jump into Bitcoin sooner or later, and when those financial institutions start to join the market, BTC gonna skyrocket once more.

I think to make bitcoin has a very high price increase not because of financial institutions. Because financial institutions will move if many people use or consider it and can be said that they only provide solutions when there is need. So the thing that will make the bitcoin price skyrocketed is not the financial institution but the users or enthusiasts, As we now see with the higher bitcoin price as more and more people want to use it.

cryptokitty

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I think they are getting nervous because they already see the good side of btc and what it brings to the users and investors. I guess they treat btc as a threat in their business.

Rindtom

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Because if everyone goes to bitcoin the banks can not earn anymore of people and will die that is why they do not want bitcoin to be here they will lose people and they will not make money form anyone anymore a lot of jobs will be gone then too.

iv4n

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Quote from: Viakor on November 06, 2017, 04:50:46 AM

Quote from: Ronaldcoin2017 on November 06, 2017, 04:31:48 AM

Quote from: lady-odyvan on November 06, 2017, 04:26:17 AM

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.

Alvaro.anso

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because lose control is lose power and, at the end, money.

they want to use blockchains, but they have to figure out how they can do the same things paying less (that is, how they can keep people paying for services that they pay less than before...)

Viakor

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Quote from: Ronaldcoin2017 on November 06, 2017, 04:31:48 AM

Quote from: lady-odyvan on November 06, 2017, 04:26:17 AM

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.

Ronaldcoin2017

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Quote from: lady-odyvan on November 06, 2017, 04:26:17 AM

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.

lady-odyvan

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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.

ausbit

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Quote from: nagatraju on November 01, 2017, 12:49:08 PM

surely there is a future for bitcoins, but it is unlikely that banks will be able to disappear...the economy in the world should completely change for this...it is impossible in my opinion ... there will always be those who need banks, and most likely there will be quite a lot of them

With the development of bitcoins the payment process is becoming easy day by day.

As bitcoin doesn’t require any bank for it so the importance of banks is decreasing slowly and gradually that's why they are a bit worried about their future. Bitcoin doesn’t involve any third person i.e bank in sending money from one person to another, which also give it more protection and make us to get rid of banks

Yamifoud

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Quote from: appleffi on November 03, 2017, 07:41:00 PM

I think this is cause by the amount of profit the bitcoin can give. Bitcoin value is fluctuating uncontrollably whilst big banks offered a little than what bitcoin can offer which makes big banks feel threatened for they are the ones that should be accountable to all the people.

Gaining profit is always in the mind of investors. Having a decrease of clients, is also a decrease of profit. This is could be a main concern of banks owners, as they are worried of having a big loss in the coming days.
But for me, isn't big enough to worry at all because even though bitcoin was fully establish still more people would be needing banks. And it be a time also that banks will considering of accepting bitcoin.

mx667

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Quote from: JTASSOCIATES on November 03, 2017, 08:41:31 PM

I don't believe that big banks are so nervous about bitcoin. Bitcoin users know very well that what is bitcoin mean for them and how profitable returns bitcoin is giving to us. There is chance of banks can plan for accepting cryptocurrencies or they change their system of handling transactions and facility provided to the customer which they charging also reflect. But they are not bother bitcoin as the market capital of bitcoin is not that much big to fear by banks.

I think banks will be nervous about Bitcoin because Bitcoin is different from other currencies. If the other currency is controlled by the bank and managed by the state, Bitcoin remains not controlled by anyone and no country manages it. That means, the community is free and unfettered by the bank.

If we keep in the bank, we have to pay the monthly discount and we should always save. If we do not save, our bank account can be closed or blocked. Unlike the Bitcoin that is not limited by anything. In addition, Bitcoin can also be used as a very easy transaction tool just by using a smartphone. No credit card or debt required.

JTASSOCIATES

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I don't believe that big banks are so nervous about bitcoin. Bitcoin users know very well that what is bitcoin mean for them and how profitable returns bitcoin is giving to us. There is chance of banks can plan for accepting cryptocurrencies or they change their system of handling transactions and facility provided to the customer which they charging also reflect. But they are not bother bitcoin as the market capital of bitcoin is not that much big to fear by banks.

waynechong1995

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swing!

I think they are not actually nervous, but to do what they suppose to do by releasing some public 'awarness' about the risks of crypyocurrency which they aren't too into them technically. Well seems things had changed now, instead of the traditional WARNING on crash or whatsoever, I believe some of the investment team had secretly set up a crypyocurrency research team to profit like how Forex does. There is no reason to be nervous when governments are backing them, any global decision on cryptocurrency would bring significant impact. Guess the best we could do is bring up faster transactions and better competence against fiats.

appleffi

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I think this is cause by the amount of profit the bitcoin can give. Bitcoin value is fluctuating uncontrollably whilst big banks offered a little than what bitcoin can offer which makes big banks feel threatened for they are the ones that should be accountable to all the people.

dulce dd121990

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Big banks may got nervous in the presence of bitcoin because, bitcoin offers a great opportunity of investments. It has a very nice features that bank never has. It's currency also has a great value that people may be eager to invest in and not in the bank. For that reason, many bank investors may transfer to bitcoin and bank may lost it's big customers/investors, and that maybe resulting to bankruptcy.

Topic: Why Big Banks are so Nervous About Bitcoin ? Why ? - page 22. (Read 5220 times)