Topic: Why Big Banks are so Nervous About Bitcoin ? Why ? - page 23. (Read 5220 times)
Even for banks crypto coins, at this hour, gives them perspective of future incomes so they have to change their marketing strategies regarding crypto.
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
It is all about defending the profits. Blockchain can really change many our institutions. Banks loosing some of its clients because cryptocurrecies faster, and cheaper. It is not easy for some people to memorize thier private key but the wallets already useful. You can send money to the people all around the world without any problem and privately. Banks don't do that.
Losing the numbers of client's can be a big factor of losing it's profit. Because banks are one of the institution that are dependable to the community and the market trend. Without us, totally banks would never survived.
It is all about defending the profits. Blockchain can really change many our institutions. Banks loosing some of its clients because cryptocurrecies faster, and cheaper. It is not easy for some people to memorize thier private key but the wallets already useful. You can send money to the people all around the world without any problem and privately. Banks don't do that.
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
The news in Singapore in example, there is a bank in Singapore that is nearly closing due to lack of depositors. Many of them transfer their money to bitcoin because they believe that it is more profitable than the bank's interest.
If there is no depositor, the bank won't have enough money to lend with and thus, making their income small that may lead to bankruptcy.
If there is no depositor, the bank won't have enough money to lend with and thus, making their income small that may lead to bankruptcy.
In someways, crypto currency will be a threaten to real currency, and bank is holding the real currency, they are afraid of losing their currency's value. So maybe, bankers are looking crypto currency as a threaten to them.
:)Because bitcoin it's big!!!
So often large banks are really nervous about bitcoin because maybe bitcoin wages all over the world and its not enough banks can immediately give it to them, if every day they pay of high value, bitcoin is big enough to be. It banks even though they are the largest bank in the world if this the policy of bitcoin they are really nervous if they are too short....
It's just my opinion....
So often large banks are really nervous about bitcoin because maybe bitcoin wages all over the world and its not enough banks can immediately give it to them, if every day they pay of high value, bitcoin is big enough to be. It banks even though they are the largest bank in the world if this the policy of bitcoin they are really nervous if they are too short....
It's just my opinion....
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 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.
If we put the major Banks face to face with Bitcoin, i think that the bank would have that feeling of moving sands. Cryptocurrency is a strong opponent for them and the contenand becomes more and more serious so they have all the reasons in the world to be afraid of the ascension of bitcoin.
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
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
Simple as that. We are easily get transaction in bitcoin with a good interest and profit unlike banks it takes time. Bitcoin is flexible too in depositing and withdrawing. Then bitcoin is volatile it could increase nor decrease your money depends on demand and supply. Yes it is risky but it could be help.
I think the banks will obviously panic for one reason and that is bitcoin will render them useless if it is allowed to operate globally. I will suggest they go for the blockchain technology like others are doing and study it to see how best they can implement them with their fiats
Banks do fear bitcoin because bitcoin is continually increasing in usage around the globe. People are no more preferring banks for storing their money rather they’re buying bitcoin and having their money in the form of bitcoin because it is not only a method of saving money but also the easiest way of increasing your capital. Bitcoin along with other digital currencies is soon going to perish away banks. 
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
They might get afraid and nervous because in the first place Bank was centralized and Bitcoin was being categorize in decentralization which means it is unregulated in business industry. That's why some of the banks in the whole world are now adapting the concept of bitcoin.
Bankers hate to loose control. And luckily they do not control the btc.
At the moment, they are watching btc getting more and more popular, even if we can't talk about massive adoption yet.
Banks are making part of their money with transactions. Everytime someone transfer a btc, they don't get a single cent!
At the moment, they are watching btc getting more and more popular, even if we can't talk about massive adoption yet.
Banks are making part of their money with transactions. Everytime someone transfer a btc, they don't get a single cent!
Many banks worried they are making any transaction fees on Bitcoin transactions, even though countries not adopting Bitcoin but the price of Bitcoin is not reducing and making fortunes with the price that's why banks are nervous about Bitcoin.
I think the banks are afraid of competition and they are likely going to be overthrown by the more futuristic Bitcoin and cryptocurrencies and so they will sabotage it at the very least chance.
They are not only afriad they also think if bitcoin expose or all country was legalize this altcoins we know that bitcoin it is just like a bank or we called also intangible bank and continuously increasing the currency so that many of us want to invest in bitcoin and not in bank why? Because we know if you invest in bank many several years before you earn but in bitcoin daily, weekly, monthly you can earn so that many bank dis agree in the legalization of bitcoin.
Because they are losing the control they have in the economic markets. Also, most of them are now interested in the blockchain technologies and in different cryptocurrencies because are seeing where the trend is going and they don't want to be out of this.
they always want to control everything in economy. But they cannot be an authority on bitcoin. thats the biggest problem.
for example if Banks cannot control transactions and this is the biggest income for banks.
for example if Banks cannot control transactions and this is the biggest income for banks.
Because bank has not to get paid or no interest fee in every transactions, in other word bank is not a middle man every time use bitcoin. Bitcoin are more convinient than bank, bitcoin has decentralize it means no central authority.
Bankers hate to loose control. And luckily they do not control the btc.
At the moment, they are watching btc getting more and more popular, even if we can't talk about massive adoption yet.
Banks are making part of their money with transactions. Everytime someone transfer a btc, they don't get a single cent!
At the moment, they are watching btc getting more and more popular, even if we can't talk about massive adoption yet.
Banks are making part of their money with transactions. Everytime someone transfer a btc, they don't get a single cent!
Many banks worried they are making any transaction fees on Bitcoin transactions, even though countries not adopting Bitcoin but the price of Bitcoin is not reducing and making fortunes with the price that's why banks are nervous about Bitcoin.
I think the banks are afraid of competition and they are likely going to be overthrown by the more futuristic Bitcoin and cryptocurrencies and so they will sabotage it at the very least chance.
They are not only afriad they also think if bitcoin expose or all country was legalize this altcoins we know that bitcoin it is just like a bank or we called also intangible bank and continuously increasing the currency so that many of us want to invest in bitcoin and not in bank why? Because we know if you invest in bank many several years before you earn but in bitcoin daily, weekly, monthly you can earn so that many bank dis agree in the legalization of bitcoin.
Banks are nervous because bitcoin is in another dimension. Bitcoin now offers more favorable conditions to attract capital. Banks have nothing to do with it can't they understand that soon they will begin to experience a lack of deposits. To attract bitcoins they can't because they don't know how to apply them in the real economy.
banks also taking advantage of this mate as they are the recipient of the earnings some of them are just pretending that they are affected but they arenot as bitcoin holders will also exchange this to fiat and the best option for me to convert my btc is to send it my bank account.
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