Bitcoin Forum

Do banking corporations will create a formula to kill Bitcoin?

Ah how naive we all once were. Nah dude it cant happen banks can try doing whatever they wish but they will ultimately fail. Bitcoin is now too big to be stopped and will continue to soar high imho :)

Obviously without a doubt.. some people are even thinking that segwit2x is something that was formulated by banks to corrupt the bitcoin system, and also to split the cryptocurrencies Crowd in two.

Bitcoin is something that is hampering the existence of banks and that too in a big way, and also its not easy..to get rid of bitcoins as a whole thus the banking system is considering making a move to kill the bitcoin economy, who knows what they will do next.. also banks supports corruption in a big way and Bitcoins are proving to be really incompatible for this :) thus there are lots of people holding grudge against them especially the banks.

Not only the banks and corporations but crooks & insecured elites (aka governments).. They will certainly continue to try but won't succeed atall.
Bitcoin has some of the best developers on the planet that will continue to ensure its continuous existence and growth.

It is not possible for the banks to completely block Bitcoin. Naturally, banks want to block an investment market that is in conflict with their interests. Sometimes the bank accounts of the Bitcoin stock exchanges are blocked and the banking activities of the Bitcoin stock exchanges are blocked.

if banks soon themselves do not start working with bitcoin, then they are waiting for them too, as the oil company, when the electric car appeared

a formula is possible since banks and government work hand to hand.  Governments borrow from banks so is very possible banks will try to crush bitcoin.  Also big govs cant tolerate Bitcoin, this is a currency that threatens the fiat monopolies, for example it is happening in Venezuela, we just got to hope the major super powers do not follow.

In fact, the banks have already lost the war with bitcoin and another crypto currency. Their attempts to denigrate the crypto currency have not led to anything and can not effectively resist the spread of digital currency more effectively, more and more often individual representatives of large banks and their unions began to speak positively about the crypto currency. In addition, banks are already looking for opportunities to interact with the crypto currency in order to gain its benefits.

Banks and Bitcoin can co-exist, as banks have been here for centuries already.
Bitcoin though will cannibalize some functions of the banks as blockchains are the future for trust less institutions.

Further laws and regulations will speed up adoption in the mainstream of bitcoin, hopefully governments will implement.

Banks are going to be purchasing crypto and bitcoin derivatives as soon as the legislation passes, which means big money will flow into Bitcoin and alts so next year we should see explosive growth in this area. Now we have seen venture capital come in the way of blockchain run ICOS, but next year starts the big money flow. Banks will be running on the blockchain soon.

Rather than using bitcoin, they will develop their own cryptocurrencies probably. Or they can simply adopt ripple and start using it in their transfer system for P2P payments at least.

They will declare this within 1 year I think. Customers are always asking for cryptocurrencies in the branches of the banks.

To avoid this you just have to see bitcoin as the new gold standart for long term investment ;) No problems anymore!

Lol. A big yes to that question.
And most certainly, they clearly are already taking action and making thousands of plans to eradicate not just bitcoims but the all of the crypto currencies as a whole that are already present together with those that are still about to go public. And it won't be surprising if one day, banks go out and make their own crypto currencies that they can regulate and tax well. Because for all we know, there may be hundreds or thousands of bank spies roaming around the forum gathering information and studying cryptos while earning at the same time. I may be too paranoid but these things really are possibilities.

No one can kill bitcoin . If something goes bad for example China banning ICOs -> bitcoin goes up , if something goes good bitcoin is going up . So nothing have power to kill bitcoin . At least banks can link transactions with bitcoin that's all

With the statement from Goldman Sachs CEO,  it's without doubt that he has finally acknowledge that bitcoin is rather here to stay and instead of bashing it, they should take advantage of it and invest and therefore make some money off it as well and not lag behind.

Bank deposits, Bitcoin, bonds, gold, shares, domain names, vintage cars etc. are all stores of wealth. They have their ups and downs, and their various trading methods. The important thing is that they all co-exist in the modern world

It is very impossible for the Bank to kill Bitcoin, in fact everyone knows it and can not be denied again that Bitcoin is still the most powerful for financial or commercial affairs or business dealings. and that's the absolute thing. even until now the Bank can not drop Bitcoin so easily. we all know Bitcoin has an amazing community even so many investors choose to switch to Bitcoin ..

Purchasing bitcoin by the banks are to have market place value under their name. We need to have the bitcoin to be used in the bank and if that idea comes out many people can deposit their bank account in a bitcoin.
Many Swiss centralized banks are implementing blockchain technology in the banks now. Soon they may accept bitcoin to deposit the money.

What is much more likely is a full embrace by the banking elites. I don't know which is more dangerous to the long term health of cryptos. It is an unholy alliance for sure.

Banks really hates Bitcoin If we look at the news about this Bankers that thrown a lot of hates and bashes to Bitcoin and we can't blame them because they see the potential of Bitcoin and the effect to their businesses in the future if this thing continues to grow.

Then if some corporations try to kill Bitcoin the they are free to do it if they think they can, Bitcoin is modern digital currency that is already accepted by many and believe that it is the future of digital money so if there is one thing that can kill Bitcoin is maybe an another extraordinary technology that will offer a wonderful kind of convenience to the people that will use it.

I donąt think that banks will incorporate bitcoin as part of their ecosystem - they would rather try to disregard it and as much as possible.
In the same manner, Jamie Dimon said that bitcoin is a fraud and every bitcoin user will be punished someday and will "pay the price".
It is very likely that banks will try to follow the path of centralized PSP, avoiding decentralization of cryptocurrencies at all cost.

Yes, it is possible because banks somehow fear Bitcoin because many people are now days preferring Bitcoin over banks.People are keeping there money in the form of BTC's instead of saving them in banks because they can keep a check on their BTC's. People are using Bitcoin for transaction purposes because no tax is imposed and they are using Bitcoin for investments because it provides more profit than banks. So in order to secure their position banks might come with a way by which they can overpower Bitcoin.

I believe that Bitcoin and Banks can coexist.

But i can tell you this: They are trying, and have been for a while now.
Whenever we hear about a BTC regulation was approved in a country or when a big CEO makes an statement saying how Bitcoin is just a fad, or when a big financial company like CME groups announces bitcoin futures (pretty much they will be able to manipulate the btc price) then we can assume that something's happening behind the scenes. Perhaps the powerful people, the big corporations and the Central Banks are scared of what Bitcoin can become in the future?  maybe they see Bitcoin as a threat that needs to be dealt with asap before it's too late? all speculation, yes, but only time will tell.
For now, whatever it is they're doing, they will ultimately fail.

they may try to Support blockchain and reduce effect of bitcoin , really market will try to kick bitcoin

Yes thats why many goverments hate this because they know that bitcoin is the only way to replace their bank corruption!!! I hope that someday bitcoin will replace bank because bitcoin is more good and fast to transact than bank.

As far I know, they won't rather they'll embrace it, and are already using the technology called blockchain, many people are now using banks money to pay and buy for Bitcoin and when it's sold it comes back to bank only, so I feel banks will actually give more benefits for use of Bitcoins, cause in the end money will always come back to the bank. Plus many top bankers are speaking in favor or Bitcoins. So I am sure banks and Bitcoin can Co exist.

Bitcoin is the currency while the banks is financial institutions these are operating in these financial institutions the bitcoin is money which is using by these banks bank can save money for you they can use your money in the form of lending to other and in the result we can earn profit on them.

with its strong bitcoin development I think not, maybe banking will work with bitcoin, because everybody needs a bank to exchange the proceeds from bitcoin sale, for now, but if bitcoin has become the main currency may be the thing you say will happen

I think yes, bitcoin can lowers their profit. Fintech industries are preffer like to use bitcoin rather than bank service.

I'm not sure, but they've been doing it from time to time until now. I think it's normal for a country's interest and politics in it
but nevertheless technology will not be released from our lives, as well as with bitcoin. gradually bitcoin will be accepted by the public.

This will going to happen because banks come under the authority of the govt and Btc does now have any authority or an regulation body which can control it . Does it become difficult for any govt to think to introduce this in thier banking system .

I do not understand, what formula do you mean? is it creating a big plan to kill bitcoin? I think not, the bank is currently weakened, it's because many people choose bitcoin, because its value is getting higher.
how else if the next 10 years, bitcoin legalized, then ATM bitcoin everywhere? I think the bank can be destroyed, not bitcoin.

Bitcoin is better used as an investment standard for the future.

Banks Corp. can do anything they want but they can not kill Bitcoin . Now that is started to become much more in demand and famous on other country also some store already accepting Bitcoin as a payment for transaction they can not kill it. Also Bitcoin is a good thing to invest for the future now that it started to increase the price or value in a unexpected amount. So many people will be demanding Bitcoin more.

I think many people know and use bitcoin more than I think there will be competition between banks and bitcoin. But bitcoin is unstoppable, banks can not stop people from using bitcoins. the value of bitcoin will continue to increase

It's possible so far bitcoin is consider to be a big threaten to banking associations since it offers wide opportunities and has technologies even more enhance than banks, it covers the same thing banks offers to its clients and as the value of bitcoin continue to reach higher many people divert their investment to bitcoin and this will surely kills banks that instead of putting their savings in bank accounts people would rather buy bitcoin and hold it in a long period, that's is actually a much higher return to consider.

Banks already reacted to the impact that Bitcoin had on their business. They suddenly create more innovative payment

methods and more security for their online Banking services. They are even trying to copy cat Bitcoin by developing their

own Crypto currencies / Private Blockchains. Do not think they will sit back and relinquish market share without a fight. They

even have the government on their side.  >:(

There are many questions surrounding the bank and bitcoin, which is better. Bitcoin is good  for people, it can help someone become rich or millionaire. But the bank is also important in life. Although the interest rate when depositing money into the bank is low, but the bank for someone to borrow money and bitcoin is not.

hope there is a bank that we can deposit bitcoin and receive interest rates for the deposit

Banks actually have been in operation for many years and the emergence of a crypto currency called Bitcoin is a challenge not taken lightly. The Government of some countries have actually  recognized Bitcoin which in itself gave Bitcoin a wide recognition. This compare with other countries where the Government is against the emergence of Bitcoin and other crypto currencies, the wide acceptability  have also prompt the banks to warn their customers against investing in Bitcoin. But it was soon realized  that many people have already  invested their money in the Bitcoins, 

banking to kill bitcoin I think not because my country bitcoin has not at all become a troublemaker in banking in my country because bitcoin has not become official currency by the government maybe that's why in my country bitcoin still exist and accessible

As stated on another thread, and by numerous posters on this thread, banks will not be able to syop Bitcoin its an enormous phenomena now just gaining steam.

 it is the currency of the future and will replace banks. How will bitcoin provide a better solution to the lending services offered by banks (mortgages, car loans, etc.)

they won't create formula to kill bitcoin is unless the Governments of these countries began to take bitcoin. At least the Bank could link transactions with bitcoin it is all

I was shocked by the question but somehow I got to think of it and it may be possible.
Yes they could do it and it does have a high percentage that they can win also.
But this will only happen per country, not the whole world.

With the increase in value of bitcoin it may be easier to kill it.
Every user will be questionable or every hodler will have to answer how do they get that large amount of money. We cannot just say it is from bitcoin. There must be a done job before they will believe it.
That is the law now, whenever you deposit a large amount you will need to present any information about your job or where you get it.
They can use this reasoning to give problem to the bitcoin community. Or you could stay keeping your money at your locker.  ;D

It can be possible because bitcoin really become a threat for many banks becuase of its ability to process transactions as faster as banks in a more convenient way aside from that it offers high return on investment which I think banks cannot do. If banks cannof find ways to eliminate bitcoin in the circulation at the most they might create their own coin to offer in the market to somehow divert the market of bitcoin and still have the control over currencies

LOL. As I know they are doing it right now. If you often read the news about Bitcoin all over the world you can easily know that a lot of state bank from a lot of countries are trying to make Bitcoin banned in their country cause when Bitcoin legalized or still can be used in their country it'll be a big trouble for the bank system cause people will not deposit their money to bank anymore cause the profit they can get just by holding Bitcoin is always better than the interest people can get from bank every month.

I personally think that in the war of BTC vs Bank, BTC is always ahead far away from bank.So the bank are already taking action and making thousands of plans to eradicate not just bitcoins but the all of the crypto currencies but all the plan have been failed.

They are trying to so something against bitcoin, they are spreading lies for years, and every once in a while some bank officials give interviews where they speak bad about bitcoins, giving it all sort of names and advising people to not invest in bitcoin. But in what to invest? People are not so blind like before, people now know that banks are controlling all world with money, creating wars and using all resources just to make them more richer then they are.
They will lose this battle because people feel sick when they talk about banks, they took so much from people and someone needs to stop that, who else then bitcoin and crypto currencies. Be your own boss and keep your money by yourself, send it when you wish and to whom you wish, banks can't work against something so advanced like bitcoins are.

Banks do what the goverments approve of, recently with the huge rise up of the bitcoin's price there has been a lot of talk about the state of bitcoin, and wethere it should be leagalized or not, govermments and banks have no controll not so ever niether on the user or the bitcoin network, so ome of them went with the saying if you can't beat them join them and they accepted bitcoin and use it, others are baning it and punishing pople who are found using it, there is no present way for banks and goverments to go against bitcoin, so there is no fear for it, we should be happy because soon most of the world will start accepting it and using it.

Not at all. Banks will work to harness the power of bitcoin. Look at JP Morgan launching Quorum, for example. They see the profits to be made - far from trying to destroy crypto, they want to get on board.

No. They wouldn't do that against bitcoin but because they are government controlled entity, they will do everything to stain the name of bitcoin by saying in the interviews that bitcoin couldn't be trusted something like that and as for example, if you remember Dimon, he said very harsh thinffs to bitcoin that contribute its price crash in last september. Also, only the government have the power to ban bitcoin

Banks and bitcoin are two different entities and there is really no need for comparison. Bank is an institution where transactions are made while bitcoin is just a currency.As long as fiat currencies are in existence, banks will always be there. The banks can even adopt bitcoin into their system.

After Dimon made those statements, and bitcoin price fell, JP Morgan bought around €3 million of bitcoins. JP Morgan are now launching their own blockchain project called Quorum. I'd be very wary of talking what Dimon says at face value - he's obviously a very smart man, and with the power to manipulate the market he will do just that to make himself a profit.

if the bank does not accept bitcoin. Maybe the bank will no longer exist in the future. And we will not see any banks. So the banks will find a way to solve. if not accept bitcoin. really hard

The bank will be discarded if the bank does not accept the bitcoin. Surely they will not be disqualified. Banks will be something. I hope they will accept bitcoin. if not sad

Banks may be billed. if they do not accept bitcoin. bitcoin and electronic money will be the future of this world. do not want to Banks will struggle to survive.

big banks. they can not die. They will fight against bitcoins. or acceptable bitcoin. It's hard for them. If bitcoin is acceptable, but the state does not accept they will get in trouble

During the past few years, Bitcoin succeeded to gain many users whom switched from using banks to the bitcoin network.
Bankers will never let such thing happen and they will do all they can to stop that, I don't have exact numbers but i am certain that banks are loosing too much money everyday.

we will assist to a war between bankers and bitcoin community.