Topic: Why Big Banks are so Nervous About Bitcoin ? Why ? - page 3. (Read 5220 times)
Because bitcoin can affect the sales of big banks. Bitcoin can transact without the control of any bank, which means that the bank can not control the rise and fall of the value of bitcoin. Hackers and the mafia can use this to launder money.
Before when Bitcoin costs only a penny, they do not care because they think that it will never get big. But now it got their attention because it's price surge unexpectedly. And the technology behind it is really innovative that they cannot ignore. Bitcoin and the blockchain technology are built to improve or correct the flaws in our financial system.
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
And also due to Cryptourrency market , people are doing more and more works and deals with the cryptocurrency use ( bitcoin use commonly) .
But still here it is a big question that why banking sector are against the cryptocurrency , while they like also the technology of the cryptocurrency and want to implement the technology of blockchain which is of the cryptocurrency .
Well future will tell us clearly what will be scene of cryptourrency in future .
But surely here I will never quite from bank as well as cryptourrency use .
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
I think the reason why the big bank are so nervous about bitcoin because they are afraid that they are losing their costumer's, and also the investor's who deposit and invest their money in the bank with a low interest in return.
They are afraid that their customer will withdraw their money and invest directly in cryptocurrency.
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
I do not understand why or what to call this kind of behaviour, whether I should say pride or greed.If you are a bank and realized that this is a potential great industry, why don't you get closer to them,learn the new technology, see the new opportunities out there and take them by the horns instead of trying to sabotage knowing very well that this is inevitable. Either rain or shine bitcoin will soar higher and cryptocurrency will be recognized worldwide.
well big banks are aware if they place are taken by crypto currency, currently when people are using crypto they will own their wallet and with that people will safe their money by itslef, the profit of bank are come from the deposit and with loan intrest, thats why they aware after all
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
Of course bank owners would be nervous as it wasn't impossible that Bitcoin could destroy them, and not only the Bitcoin itself as a root, but also the blockchain and those companies who are onto making crypto wallets and platforms for using Bitcoin as a mode of any payment. In which if the Bitcoin and cryptocurrencies were globally accepted and used, there's no point saving your money on bank and instead just have them on your pocket right inside your handheld devices.
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.
I totally agree with you. Hence, I want to add one more important thing - you should divide your investment between different assets. In such a way you will have higher chances of a success. I have found a trustworthy Token Sale project. It is called Socratus. It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment, fair and transparent dealing and friendly prices. It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures.
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.
For me it is obvious because they are thinking thatcryptocurrency can replace the existing economic system and banks will have no more place in that system, so I will be worried also at their place.Banks are scared about the entire cryptocurrency because people will start to invest on bitcoins and no one will place fiat on the banks which can reduce their tax funds.
Because they are afraid of being replaced, it's very simple. Therefore, they prefer to tell the government not to accept the currency crypto in the country because it would replace the bank.
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
Current Bitcoin value skyrocket comes with the approval date as has to do for world organization much the government is concerned. It proves that Bitcoin gradually become “threat-legal” with respect to traditional banks. In fact, Bitcoin is challenging the monetary system, capital of the central bank by the government-backed. Power control money are separated from the institutional tradition. Each individual can now participate in peer exchange orders directly with strangers that no longer need an organization which is intermediate.
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.
For me it is obvious because they are thinking thatcryptocurrency can replace the existing economic system and banks will have no more place in that system, so I will be worried also at their place.
Banks are mostly nervous about bitcoin because they still can't accept this digital currency due to lack of regulation and high manipulation.
I'm pretty sure banks understand that they can make a huge profit on cryptocurrencies, but they can't put their investors money at such high risk.
By the 2020 situation most likely can change and we will see some banks, maybe not the biggest ones, will work with bitcoin and other cryptocurrencies.
I'm pretty sure banks understand that they can make a huge profit on cryptocurrencies, but they can't put their investors money at such high risk.
By the 2020 situation most likely can change and we will see some banks, maybe not the biggest ones, will work with bitcoin and other cryptocurrencies.
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
ı think 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.
I think the presence of crypto or bitcoin currency is not a threat to fiat currency, because I think bitcoin is present as a technological advancement blockchain in managing the transaction system
Big banks are so nervous to bitcoin because they are afraid to lessen their clients or depositors. Bitcoin hodlers will save their money in their digital wallet which is safe. They can easily make payment or investment through their digital wallet.
why the big banks are not interested because the banks are looking for tangible money and currencies but bitcoin still an intangible currencies
Jump to: