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Topic: Why many banks hate cryptocurrency ? - page 26. (Read 1978 times)

newbie
Activity: 280
Merit: 0
There are many banks who have refused to deal with crypto currency. Crypto currency is individual and independent. No one can controls it. Not even the banks. Besides, they're getting so famous that the banks are thinking cryptos can replace fiat currencies. This is why banks hate crypto currencies so much.
newbie
Activity: 252
Merit: 0
People are now shifting towards crypto currencies and they feel more convienient to use it. This is why the popularity of bitcoin is increasing everyday. On the other hand, banks think bitcoin as their threat because of these resons and they think their business may get drop off due to this. Shocked
member
Activity: 238
Merit: 10
Power the World for FREE
Because the cryptocurrency market could have a big impact on the traditional banking industry.
So it is perfectly understandable that Banks have banned the circulation of cryptocurrency markets and the resistance to bitcoin.
newbie
Activity: 294
Merit: 0
they ban bitcoin rather than using it only because they don't want something which can't be controlled by them. other then i can't see any single reason to not supporting bitcoin or cryptos by bank or government. Roll Eyes
newbie
Activity: 224
Merit: 0
BTC is increasing day by day and this pull made the bakers worried because people investing money on crypto system and this system is the main tension for banks because people using their idle money and this money can be on banks but they hare investing so banks thinks this a thread for them.
newbie
Activity: 294
Merit: 0
maybe not the banks actuall, i gues governments are against it. theu ban it rather than using because they are confused about it i believe. unless who would ban something with that much potential. Shocked Roll Eyes
sr. member
Activity: 2828
Merit: 344
win lambo...
May 20, 2018, 06:50:47 PM
#99
In my opinion maybe the bank was disturbed by the presence of bitcoin system so that the function of the bank will be unstable in my bank function other than the place of deposit money and also the sale and purchase of bank products such as borrow money may I think this one product will not run and the banks will find it difficult to find customers who want to borrow their money in addition to saving customers money and other bank product transactions, and this is my opinion is the loss of the bank so the bank tried to ban bitcoin because if people do bitcoin then the person will be out of their system his life is dependent on bank loans.
Yes.Banks are now threaten by the presence of bitcoin because for sure they will be set aside by the people if bitcoin will be the first cryptocurrency to be used by the people.They will have their full control of their money so they don't need banks for it.
full member
Activity: 560
Merit: 100
May 20, 2018, 06:42:03 PM
#98
In my opinion maybe the bank was disturbed by the presence of bitcoin system so that the function of the bank will be unstable in my bank function other than the place of deposit money and also the sale and purchase of bank products such as borrow money may I think this one product will not run and the banks will find it difficult to find customers who want to borrow their money in addition to saving customers money and other bank product transactions, and this is my opinion is the loss of the bank so the bank tried to ban bitcoin because if people do bitcoin then the person will be out of their system his life is dependent on bank loans.
newbie
Activity: 129
Merit: 0
May 20, 2018, 06:39:49 PM
#97
Banks are angry with Cryptocurrency because people no longer invest or save their money in the banks, people prefer to invest in Cryptocurrency and HODL rather than keeping it in the bank that will yield no interest
newbie
Activity: 252
Merit: 0
May 20, 2018, 06:39:30 PM
#96
It is very normal that banks will hate cryptocurrency. We all hate our competitors and cryptocurrency is bank’s competitor. People nowadays keep money in cryptocurrencies instead of banks. For this reason they want to ban them.
member
Activity: 294
Merit: 11
May 20, 2018, 06:39:05 PM
#95
Main reason is banks are afraid they will lose there customers.People will not put money in banks instead they will invest in crypto currency . This main reason banks are stopping crypto.

Because they are afraid that cryptocurrency will take over their world and will rule over the business. Now many people are not satisfied with the service that banks give to them so if people will only discover the goodness of crypto, I'm sure the bank is no need in the future
hero member
Activity: 952
Merit: 500
May 20, 2018, 06:36:48 PM
#94
Because Crypto currencies don't need banks or it will still exists without any help of a bank that's why some union or association of banks especially to those small banks are worried to the popularity of cryptocurrencies nowadays.
Yes.If course they should be afraid because they might be all gone when all the countries in the world start to use bitcoin in their transactions.Bitcoin will no longer use banks so it will be more convenient for the people knowing they will control their own savings.
newbie
Activity: 14
Merit: 0
May 20, 2018, 06:28:18 PM
#93
I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?

  Banks banning cryptocurrency is not a threat to them, they are banning crypto because of its unstable value, sometimes it goes up and down the value….Cryptocurrency is volatile that banks is number one concern why others prohibition the crypto, for instance like Bitcoin sometimes it goes up to 20,000 $ per bitcoin and flying down to 7,000 $, that’s the number one concern of bank/s banning it.
newbie
Activity: 89
Merit: 0
May 20, 2018, 06:27:03 PM
#92
Because Crypto currencies don't need banks or it will still exists without any help of a bank that's why some union or association of banks especially to those small banks are worried to the popularity of cryptocurrencies nowadays.
newbie
Activity: 110
Merit: 0
May 20, 2018, 06:15:24 PM
#91
Because the Bank does not want Cryptocurrency to flourish, because if many people are playing cryotocurrency then the person will ignore the Bank, because Cryptocurrency is decentralized and does not require the bank as a third party to help the transaction. if that happens then Cryptocurrency is a serious rival for the Bank, and it could be Cryptocurrency will kill Bank slowly.
newbie
Activity: 51
Merit: 0
May 20, 2018, 06:06:36 PM
#90
Because several banks will give free transactions in their particular country but this cryptocurrency can be used to transaction freely in all over the world without any restrictions also many of bitcoin users are using this cryptocurrency banking as their own privacy banking.
newbie
Activity: 196
Merit: 0
May 20, 2018, 05:58:55 PM
#89
There are some banks that have hatred for bitcoin in their country because they have no customers to keep in save again they save their in bitcoin wallet. But recently I saw a post about bank adopting blockchain technology because of fraud, this new technology will help them very well. Personally I prefer saving in bitcoin because price goes up money double. Banks are not like that interest pay too low. Am also know about bitcoin technology not regretting take decision.
full member
Activity: 188
Merit: 100
May 20, 2018, 05:46:48 PM
#88
Banks hate cryptocurrency in general. They feel or they know the crypto world will overpower them. Instead of joining hands together they are now against it.
newbie
Activity: 154
Merit: 0
May 20, 2018, 05:34:25 PM
#87
In my opinion, Banks hate cryptocurency because they do not want any competitors that are superior to them. Banks know with the existence of cryptocurency investors that attract money from the Bank and invest in Bitcoin and Altcoin so that their income every year will be reduced because people prefer cryptocurency than the Bank because cryptocurency has sophisticated technology.
full member
Activity: 827
Merit: 100
May 20, 2018, 04:52:29 PM
#86
such as the general statement with the coming of the market crypto bank will feel threatened and also loss if the bank left the customers to invest in crypto. the reason is very strong and fundamental so do not be surprised if many banks who hate crypto.
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