Bitcoin Forum

Economy => Economics => Topic started by: chickenfried12 on October 13, 2017, 12:49:23 AM



Title: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: chickenfried12 on October 13, 2017, 12:49:23 AM

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, thereís 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


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: AtheistAKASaneBrain on October 13, 2017, 02:13:19 AM

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, thereís 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 didn't care at first because it had no value. It's an egg-chicken/chicken-egg problem. They look at things from the perspective of huge moguls. Why would they have bothered when BTC marketcap was worth a couple millions?

It took them for BTC to be worth several billions to even register on their radar, and JP Morgan just said he will not talk about Bitcoin anymore because it has no importance. But I don't believe anymore that they aren't paying attention. Other big banks are already planning getting in, like Goldman Sachs.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Clavulanic on October 13, 2017, 02:41:39 AM

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, thereís 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 only way that a big bank will get nervous about  bitcoin is that due to a popularity of a bitcoin and its advantage as an electronic currency such as security and fast money circulation, many people like middle investor are investing in bitcoin instead on the bank and in the coming few decades as the popularity of bitcoin arises then they will afraid that many high investors will investing to bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: peterthegreat on October 13, 2017, 02:58:50 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: yugyug on October 13, 2017, 03:22:07 AM
These are the three things they got nervous as they were not anticipated the boom of these "big 3" in this crytpocurency world.
1. Bitcoin - it i volatile but its it s profit and inflation rate is skyrocketed and now it reaches to 5k USD ATH
2. Blockchain - the backbone of any cryptocurrency as popularized by the bitcoin creator Satoshi Nakamoto, blockchain the decentralized platform of networks and it is unstoppable and even government can' take control of it.
3. Smart contracts- popularized by the Ethereum inventor Vitalik Buterin, the anti-middlemen transactions.

With all these innovations they might fear that some of their biggest depositors are losing interest in depositing their money to the bank if the inflation is quite low whereas putting money in crypto currency and bitcoins had a potential of high gain but the high risk is also the big factor of cryptocurrency as it is volatile and unpredictable.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Byatt on October 13, 2017, 03:29:19 AM
there would be less depositors because some are investing to the world of bitcoin..it has a big value and somewhat promising and many people like business minded would choose to buy bitcoins because of the opportunity to earn more.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: adiksau0414 on October 13, 2017, 03:37:36 AM
Banks is for tangible money and currencies while for bitcoin is for intangible. But if bitcoin will be use worldwide, banks might fear this. Due to people can directly invest, buy and sell and earn without using any method. Just in a click, you can do this with any hassle of fill up forms and transporting in banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: bubblebit on October 13, 2017, 04:06:57 AM
Banks owners and officials are well-known in greedy profiteering. They heard, they read, they know what bitcoin is, but the only mistakes they made is they donít trust bitcoins capability to be on its place right now. I would say they ďunderestimateĒ the future of bitcoin and cryptocurrency.

But now theyíre threatened and affected by theyíre over confidence towards government support but Blockchain technology is now taking the path of no stopping.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Sasuke102001 on October 13, 2017, 04:37:01 AM
It is not the same as before where Bitcoin was under no one's radar, Bitcoin now has become so famous that bitcoin now has become a major attraction as a way of earning money or using it secretively without leaving behind shreds of evidence of the users. Bitcoin's growing value and the increase in the number of people using bitcoin has made Banks nervous. This nervousness is only because of the fear that one day Bitcoin would take over real money in terms of usage and Banks or the governments won't have control over the money that is being used in their country and another reason would be the amount of taxes that they were able to take out from us won't be possible now.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: speedy963 on October 13, 2017, 04:50:25 AM
At first people don't think about it and just ignore it, as much as i do at first too, although the banks are already aware about the existence of bitcoin in the society they still continue to ignore it and just let it pass, and as we can see now that they are already being worried about it and they see it now as a great threat to their existence, correct me if i am wrong.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Jafri101 on October 13, 2017, 04:56:52 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: AkaSnake on October 13, 2017, 05:08:42 AM
Big banks are scared of bitcoin and cryptocurrency in general because they fully know that there is a strong future with virtual money and they don't want another competitor, they're already fighting within themselves.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: audaciousbeing on October 13, 2017, 05:28:54 AM
All those periods that bitcoin was not on the radar, the banks knew about it but because of their over confidence, they believe "its one of those thing that would soon outlived its popularity" and this was their mistake because if they had acted then maybe their oligarchy would not be as this threatened but unfortunately for them, that cannot be undone.

When I saw top executives of banks like the issue of Jamie, who made a statement, it shows that they are feeling the heat that their existence for the next century is very much in threat couple with another statement credit to the IMF President among other notable personalities in the financial world.

The way out I see for banks is to find a way to key into the technology of the future as the only option outside that is time fazing out gradually.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Kawasanz on October 13, 2017, 05:33:22 AM
After Blockchain technology is no longer attached to Bitcoin transactions, as it can be used for many things including banking. One of the big impact banks will encounter when Blockchain is completely adapted by many banks, is disruption in a number of jobs, especially in the back office.

"The bank is aware that Blockchain is challenging their traditional business model," said Senior Assosiate at Norton Rose Fullbright Johanessburg, Nerushka Bowan.

According to him, the bank's function in terms of money exchange intermediaries becomes unnecessary when Blockchain emerges and develops.that's why it is necessary to note the regulators around the world, which I think is still groping Blockchain technology because it is not too understood.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Pleione527 on October 13, 2017, 06:28:42 AM
The growing technology of bitcoin and crypto currencies make it easy for many people to do transactions without going to the banks or having an on-line banking system, the wallets used for bitcoin can provide services same as banks do and the best part is that it offers investment with a very high returns in just few months or even a week these features make banks feel nervous because time will come they are no longer needed in the economy.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Idrisu on October 13, 2017, 06:45:03 AM
Banks especially the big ones are afraid and panicking about bitcoin and blockchain technology because this system is going to take their Jobs in future. Without governments support bitcoin has out perform others illiquid assets including all financial assets in 2017. We expect to see more attack on bitcoin from banker and other elites that has been using Bitcoins system to enslaved humanity. I have been transferred money without bankers knowledge and I have been comfortable using this system than banking system.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: usekevin on October 13, 2017, 06:47:06 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Dontme on October 13, 2017, 06:52:24 AM

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, thereís 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
If bitcoin becomes more expose and people already know that if their turns in bitcoin it will become double, triple or 10x more than banks interest gives. Banks has only 5-10% of interest while btc is far from them. Btc is much convenient and is easy to use while banks are so hassle you need transportation to go in the banks while btc is that you can make transactions in house or everywhere.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Nasty23 on October 13, 2017, 06:53:50 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: zypa on October 13, 2017, 07:11:51 AM
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


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: kier010 on October 13, 2017, 07:52:50 AM

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, thereís 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

Bitcoin rise rapidly, at first they do not see it as a threat now bitcoin is becoming more popular and gain support from people. They fell that they will be left out, people can now do transaction without the help bank.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: batang_bitcoin on October 13, 2017, 08:07:17 AM
Not really that they are nervous about bitcoin, they are worried that bitcoin is decentralized and people wants that service. While bitcoin is being supported by John McAfee that keeps on saying that they will never be able to control bitcoin. But they shouldn't be nervous at all as many people never know about bitcoin and they are still depending on the banking service but the potential of bitcoin is great.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: gabbie2010 on October 13, 2017, 08:37:48 AM
It is very obvious that bank will indeed be nervous as regards the increasing global acceptability of bitcoin.
Bitcoin being a virtual currency that does not requires a third party for it's transactions means a lot to bankers, at this end bankers are going to lose their jobs in few years to come. (No tax to be paid).
Moreso, bitcoin being a decentralized currency cannot be recapitalized by the so called central banks is another setback to the bankers.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: 777Bitcoin on October 13, 2017, 08:38:25 AM
Why not? Bitcoin slowly shutting down theyíre relevance in the society, most people or huge bulk of it are now sending through exchanges rather than going in the bank. As this day that 5800$ worth per bitcoin how many have withdrawn there savings from bank to buy and invest in bitcoin. It is now taking there profit little by little and Iím happy with this.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: soham on October 13, 2017, 08:44:52 AM
Banks have a definite reason to worry about bitcoin and other cryptos. Just looks at the numbers first. The market cap of the entire crypto currency market is 171 billion USD out of which bitcoin owns 55% of it close to 94 billion at this moment. This amount of money would have been channelize through the banking system but bitcoin didn't exist. But banks have no control over these funds since bitcoin is there. SO they are loosing a big chunk of their business. That is the reason to worry. That's why they are trying to discourage us saying bitcoin is scam. But when the positive vibes are so high around the world, who cares about the banks!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: topvmax on October 13, 2017, 09:35:52 AM
because bitcoin will destroy our financial system. bitcoin dont need wire transfer or middleman (broker) like bank to transfer money from country to country, bitcoin has cheaper fee than wire transfer or payment online. bitcoin has limited amount of supply and destroy inflation. while us dollar losing the purchasing power or money value. bitcoin overtime increasing the purchasing power or the values. big banks dont want to accept the change that bitcoin giving to the society because they will lose plenty of gains.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Opquar on October 13, 2017, 10:30:55 AM
It's fairly simple in my eyes: banks are not necessary in a world where Bitcoin is adopted by the masses. Everyone would be responsible for their money, and banks won't be able to charge for services they should be providing for free anyway. I'm sure they will find a way to survive, but they would be nowhere near as powerful or profitable.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: topvmax on October 16, 2017, 03:56:21 AM
It's fairly simple in my eyes: banks are not necessary in a world where Bitcoin is adopted by the masses. Everyone would be responsible for their money, and banks won't be able to charge for services they should be providing for free anyway. I'm sure they will find a way to survive, but they would be nowhere near as powerful or profitable.

well explained. i agree to you. big bank is so afraid to bitcoin or rather blockchain technology simply because this technology are clearly changing the world. blockchains carry the promise of a more universally accessible world, wherein each community participants and even common people get an equal opportunity to participate and share in the value that they create. meaning to say bitcoin or the blockchain technology creates an ideas that surpass the systems of the banks. it can transfer all our assets to another country at the cheaper price that wire transfer or any transactions that bank do. and just like we say banks is just like a middle man that helps us to carry our chunks of money but with the help of blockchain technology and bitcoin the virtual currency we do not need the middle man or the bank. bitcoin want to destroy our so called old financial system so that we can make a new or better one :)


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Silberman on October 16, 2017, 05:48:31 AM

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, thereís 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 didn't care at first because it had no value. It's an egg-chicken/chicken-egg problem. They look at things from the perspective of huge moguls. Why would they have bothered when BTC marketcap was worth a couple millions?

It took them for BTC to be worth several billions to even register on their radar, and JP Morgan just said he will not talk about Bitcoin anymore because it has no importance. But I don't believe anymore that they aren't paying attention. Other big banks are already planning getting in, like Goldman Sachs.
They suffer from their own success, if banks were not such a monopoly they would have noticed bitcoin a lot faster but since they are such a giants they did not notice bitcoin, in a way this is similar to what happened to dinosaurs, dinosaurs were giants and were unchallenged for millions of years but suddenly everything ended with the asteroid that hit the earth and the ones to inherit the earth were the mice and small animals that they did not notice.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: audrey12 on October 16, 2017, 05:52:06 AM
Banks are afraid of the idea of on-line wallets which featured stuff same as banks offered to its client, in bitcoin you have the power over your money you can invest it and earn so much you can withdraw it anytime you want, there are also debit card that can use to purchase things in any malls. Bitcoin offers a lot of things whick may kills banking institutions.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: LogitechMouse on October 16, 2017, 06:03:19 AM
I think they are nervous because they can't control anymore the bitcoin once it has been the official currency since bitcoin is decentralized. Fiat money is being controlled by banks therefore its centralized. When bitcoin becomes popular around the world, banks will be forgotten that's why bank owners are nervous about bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Yuhee on October 16, 2017, 06:12:05 AM
Banks are afraid of the idea of on-line wallets which featured stuff same as banks offered to its client, in bitcoin you have the power over your money you can invest it and earn so much you can withdraw it anytime you want, there are also debit card that can use to purchase things in any malls. Bitcoin offers a lot of things whick may kills banking institutions.


Or in some terms, they cant have a complete hold of the money that is going in or out if ever they cant make something that could utilize bitcoin at the same time how the citizens would help the country's economy. Because regulating is not easy as well as banning it. Regulating would mean government should make something to track down trades in its own state and banning would just make users go behind the back of the state leaving a government with no profit while the citizens is making trades outside the state.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Inkdatar on October 16, 2017, 06:27:31 AM
I think they are nervous because they can't control anymore the bitcoin once it has been the official currency since bitcoin is decentralized. Fiat money is being controlled by banks therefore its centralized. When bitcoin becomes popular around the world, banks will be forgotten that's why bank owners are nervous about bitcoin.
Definitely, banks cannot control the bitcoin because bitcoin has become growing and most people invest in bitcoin with a possibly huge return of profit. Unlike banks when you invest your money it will gives only small percent for a long period of time. I think these are the reasons  why banks with fears in bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: hahahafr on October 16, 2017, 03:45:10 PM
I havent seen any bank nervous or about bitcoin, i have only seen news saying that they were going to regulate it or just make some modifications about them on their system, but there is nothing wrong with it, i dont see it as if they are having fear or something like that.
Just remember that bitcoin is the opposite than banks, but i dont think that banks are going to be scared of a digital coin that has a big value..


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: omerchip on October 16, 2017, 03:56:51 PM
Why would not they?Bitcoin is their enemy.if you cant control it,you dont like it.This is basic rule of humanity.if they wouldnt be nervous about bitcoin.they betray to the capitalist system


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Aeotx on October 16, 2017, 04:05:50 PM
I think banks are feel nervous in bitcoin because if many people use bitcoin ,all banks don't get any charge.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: AmXProX on October 16, 2017, 04:11:40 PM
I havent seen any bank nervous or about bitcoin, i have only seen news saying that they were going to regulate it or just make some modifications about them on their system, but there is nothing wrong with it, i dont see it as if they are having fear or something like that.
Just remember that bitcoin is the opposite than banks, but i dont think that banks are going to be scared of a digital coin that has a big value..


Yes banks are not nervous about it, they may have big investments on it right now that is why they want to regulate it to protect their investments. BTC price is very promising and a good thing to invest on.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Yadstiker on October 16, 2017, 04:23:26 PM
I havent seen any bank nervous or about bitcoin, i have only seen news saying that they were going to regulate it or just make some modifications about them on their system, but there is nothing wrong with it, i dont see it as if they are having fear or something like that.
Just remember that bitcoin is the opposite than banks, but i dont think that banks are going to be scared of a digital coin that has a big value..


Yes banks are not nervous about it, they may have big investments on it right now that is why they want to regulate it to protect their investments. BTC price is very promising and a good thing to invest on.
As far as i am concerned, they are not really nerbous or something like that, but instead they are welcome for the idea of adapting Bitcoin into one of their assets or should we say methods of transactions. To be honest, every rich man or investors in the whole world will do what it takes to make more money, and we cannot blame them if they saw a potential in bitcoin and try their lucks here.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Qartersa on October 16, 2017, 04:23:57 PM
Yes I think it is fair to say that banks are really threatened about Bitcoins because the latter has already been accepted as a form of payment by various merchants worldwide. With this, we all know that central banks are supposedly the ones controlling the currencies' supply and demand, printing, and etc. However, what happens now is that people (in the guise of anonymity) can just create their own currencies and have them converted to fiat. The latter scenario is in clear contravention of what the olden days have taught us which greatly defeats banks' purposes and functions.  


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: LeGaulois on October 16, 2017, 04:54:08 PM
I think they are nervous because they can't control anymore the bitcoin once it has been the official currency since bitcoin is decentralized. Fiat money is being controlled by banks therefore its centralized. When bitcoin becomes popular around the world, banks will be forgotten that's why bank owners are nervous about bitcoin.

Banks have never controlled Bitcoin a single time because no one can do it.

Now let's imagine a day if Bitcoin becomes an official currency worldwide. Do you think that the banks will sit on their chair without doing anything? No, they will adapt as they do for thousands of years. Remember that cards, checks/cheques, bank notes, didn't exist thousands of years ago.

A possibility could be that they apply Bitcoin in their system. They will have still plenty of customers because the average person doesn't want to deal with instaling a bitcoin client, the private keys and all that goes around


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: anjho.ace on October 16, 2017, 04:57:41 PM
because bank are not suffering with withdrawals and investing at bitcoin and alts ! and they dont wnt that to happen ! as they need those investors money!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ajmapalo22 on October 16, 2017, 05:58:36 PM
Because bitcoin offers services more than banks can do and also gives higher appreciation for savings and investment...banks are threaten of the fact that digital currency is the upcoming future of all money ib the world and time will come banks are no longer needed...they see the development of cryptos and how it was able to influence many investors...banks are afraid of losing their legacy in the economy because of bitcoin


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ekoice on October 16, 2017, 06:06:40 PM
They already knew that it would be a threat to their banking system.But they didn't expect such a gigantic growth from bitcoin.It has increased from $650 to $5,703 in almost within a year.

More over,it has attracted lots of investors all over the world.Banks have tried their best to destroy bitcoin.But they have failed in almost all of their attempts.

Tweets from jamie dimon and UBS were all the results of banking sector getting panic about bitcoin.They would have really shocked to see that even china's actions could not halt the progress of bitcoin.

The only remaining thing that they could do is to influence the governments against bitcoin by lobbying to ban bitcoin.But the bitter truth for them is that nothing could stop bitcoin progress.

In future,bitcoin may smash the banking industry.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: richardsNY on October 16, 2017, 06:16:44 PM
They already knew that it would be a threat to their banking system.But they didn't expect such a gigantic growth from bitcoin.It has increased from $650 to $5,703 in almost within a year.

The increase from $650 to current levels is okay. The real achievement comes from the fact that something that was just "dumped" on the internet by whatever entity, has the ability to disrupt the entire world economy -- that's what I consider to be something insane. It's the adoption that makes the difference, the price going up is nothing more than the result of that. It makes me proud that I am part of this, and I am sure that despite the growth that we have gone through already, this is still just the beginning.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: goldade on October 16, 2017, 06:24:13 PM
I don't think banks are nervous about bitcoin because considering the relationship and level of acceptance of both there is no comparison from my point of view. What I see as concerns for banks is for the future which they feel the extent of growth of bitcoin if it continues like that, where they got to for centuries, bitcoin might get there in decades.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ask on October 16, 2017, 07:09:18 PM
some of smart banks started to use Ripple for transactions. So big banks are just looking a way to implement blockchain technology.
They are nervous about their stupid IT workers not about bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: tobs on October 16, 2017, 07:29:58 PM
some of smart banks started to use Ripple for transactions. So big banks are just looking a way to implement blockchain technology.
They are nervous about their stupid IT workers not about bitcoin.

I think they are nervous about a possible future, where everyone can manage their own digital wallet and store there as much money as he wants, without the bank knowing or managing it. Wide adaptation of bitcoin can basically kill all the banks, as no one wants someone else to have power over his funds. They try to protect themselves by acting like they want to adapt that blockchain technology of future, but they keep their fingers crossed that either bitcoin will fall or the governments will stop it soon enough.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: katrimans on October 17, 2017, 08:03:38 AM
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.
The basic thing for which we are using banks is for keeping our money safe or for making transactions from one account to another. With the evolution of bitcoin, all the things and functions which banks were performing previously are no longer required.

You can easily keep your money safe if you keep your money in the form of bitcoin. I believe there will be no longer any need of bitcoin in the coming days.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: King Sastro on October 17, 2017, 08:44:29 AM
Banks are aware that the cryptocurrency market share continues to rise and pose a major threat to the development of the bank's business, I'm sure they will do everything possible to stop bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: rocketbits on October 19, 2017, 05:27:17 AM
Not really that they are nervous about bitcoin, they are worried that bitcoin is decentralized and people wants that service. While bitcoin is being supported by John McAfee that keeps on saying that they will never be able to control bitcoin. But they shouldn't be nervous at all as many people never know about bitcoin and they are still depending on the banking service but the potential of bitcoin is great.
In my opinion, banks are nervous about bitcoin. Not only bitcoin but all the other crypto currencies are a big threat to this banking system. If people will start investing in bitcoin and altcoins like many are, then they will realize how much beneficial this is as compare to banks. They won't save their money in them and this way that business will stop making progress.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: player514 on October 19, 2017, 05:42:08 AM

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, thereís 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'm pretty sure that a big player in the whole banks fearing Bitcoin is the fact that it currently is a form of transaction that is being used on a wide scale without being taxed. It offers a system that is significantly better than what the banks can offer people especially because of the cuts that the banks take from the people's withdrawals and deposits. With bitcoin, users have no holding back, they are free to transact as they please without giving cuts to the bank.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Cosbycoin on October 19, 2017, 06:24:04 AM
It's fairly simple in my eyes: banks are not necessary in a world where Bitcoin is adopted by the masses. Everyone would be responsible for their money, and banks won't be able to charge for services they should be providing for free anyway. I'm sure they will find a way to survive, but they would be nowhere near as powerful or profitable.
Bitcoin is itself a bank it takes investment and one can use at their own as mode of payment there is also no need of banks like that. Who needs banks to put their money when they have an golden opportunity to get high profit and as well as more eases as compare to banks, bitcoin is versatile and it blesses everyone thatís why banks are having some serious concerns to it.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Siopao on October 21, 2017, 11:34:31 PM
Banks are threatened by the existence of bitcoin because bitcoin offers a better service than banks. In terms of investing bitcoin can give people a much higher profit compare to banks, transacltions are free of charge and no hassle. I think banks as early aa today are finding its way to survive amidst the popularity and wide acceptance of people to bitcoin because if not they might be defeated by bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: krauzzer02 on October 22, 2017, 06:14:20 AM
Because some traits and potentials of the bitcoin currency and blockchain technology that behinds this currency are the opposite of central banking and it has already taking popularity through different countries all over the world. If the bitcoin succeeded to its original goal to eliminate the middle man or central control of the money, they have no choice whether to adapt their system to blockchain technology or refuse into it staying on the traditional banking where they are the one who manage to the money.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Bestpromoter on October 22, 2017, 06:16:04 AM
it is so simple it is not because they are getting deficit by it but because they are investing on it most of their money are in the cryptocurrency bitcoin, if bitcoin will get lost for sure they will be bankedcrupt in the mean time.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: lordquanta on October 22, 2017, 09:00:51 AM
The major reason why banks find it difficult to deal with the bitcoin technology is that it is open and decentralized. Banks have always find themselves hand in gloves with not so legal activities due to their secretive nature of operations. Banking sector has been developed by People who wanted to take control, manipulate general populous with control over money. Bitcoin is so revolutionary in a sense that its vehicle which moves bitcoin from one end to other is based on blockchain. Banks find this blockchain very fascinating and revolutionary. In fact they are working on getting their own blockchain based technology for their own use. However bitcoin is simply threat to the biggest loot these banks are doing with their ability to exploit the loopholes in money transfer.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: noictib on October 22, 2017, 09:12:14 AM

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, thereís 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
Yeah , The bank system are making the deposit of the money that they usually got from.the people and they put that money in the big big companies and making the big interest profit .
But here after the bitcoin success they are getting less investment in bank account , most of the people have dream.with the bitcoin and other cryptocurrency like system and moving also toward the cryptocurrency , so here bank system are worried about this thing and are now against the cryptocurrency .
Here I think those bank industries should understand well about the cryptocurrency and also they should enter in this field Because they can do more better in this with new new concept .
Here a recent news telling that the bank of India ( sbi ) is looking to use the blockchain technology for fiat currency , so we can understand how much they are interested in bitcoin .


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Wesimon on October 22, 2017, 09:41:28 AM
It's because bitcoin is attracting more investors as it increases its value. Bitcoin is very volatile at secured as well. There is much high potential for your investment to rise within a short time. Since bank uses paper money and other physical things that has no value, they might be afraid of paper money phasing out because of digital currency.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: panju1 on October 22, 2017, 09:41:57 AM
The major reason why banks find it difficult to deal with the bitcoin technology is that it is open and decentralized. Banks have always find themselves hand in gloves with not so legal activities due to their secretive nature of operations. Banking sector has been developed by People who wanted to take control, manipulate general populous with control over money. Bitcoin is so revolutionary in a sense that its vehicle which moves bitcoin from one end to other is based on blockchain. Banks find this blockchain very fascinating and revolutionary. In fact they are working on getting their own blockchain based technology for their own use. However bitcoin is simply threat to the biggest loot these banks are doing with their ability to exploit the loopholes in money transfer.

Banks don't find it difficult to deal with Bitcoin technology; they don't want to. They fear that people might not need banks, once bitcoin becomes well established. You could have a situation where they don't get deposits, because people are holding their wealth in the form of bitcoins on their own computers.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: senne on October 22, 2017, 10:58:26 AM
It's because bitcoin is attracting more investors as it increases its value. Bitcoin is very volatile at secured as well. There is much high potential for your investment to rise within a short time. Since bank uses paper money and other physical things that has no value, they might be afraid of paper money phasing out because of digital currency.


I think you are completely wrong here. First of all, Banks are nervous about Bitcoin due to its rising demand and popularity, due to which they might need to face a decline in their profits because people are directly transferring money from one place to another without the need of any mediator like Banks. If Bitcoin becomes highly popular it can reduce the usage of Banks to greater extent, this is the main reason why Banks are getting nervous. Second, paper money have a their own importance in the system you simply canít eradicate them from the state and consider them having no value. And lastly, Banks are afraid of Bitcoin and crypto currencies which are decentralized in nature and not Digital currency. Bitcoin is a part of digital currency, moreover banks have already introduced digital currencies but they centralized system.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: audaciousbeing on October 22, 2017, 11:02:20 AM
One sure thing that will happen is that there is a future. That future is what  a lot of businesses are skeptical about and not only banks. In the future, there will hardly be need for anyone to visit the bank because virtually everything you need to do will be done via your internet enabled gadgets and in as much that will mean low costs to the banks in terms of operating costs it is also going to boost confidence for users to adopt alternative means.

If I don't have the need to go to the bank, I therefore can do things alternatively which would be solely done by the banks and that is what bitcoin is giving to users in the present which therefore means that bitcoin is already where banks wants to be and that is what they are nervous about.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: HasHe on October 22, 2017, 11:19:54 AM
Bitcoin has challenged the entire banking system itself which has been built successfully over centuries.Banks consider bitcoin as their rival.It was first feared that bitcoin would affect banking transaction volumes since it offers transactions at very low fees.Now,it has almost come true.

Also,banks could face another serious issue in future.People may stop depositing huge amounts of money in banks as they just offer very low interest rates.Instead,they would start to invest in bitcoins which could give even ten folds more than invested money even in one year.

So,its true that bitcoin has become the worst nightmare of bankers.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: jatin729 on October 22, 2017, 11:31:31 AM
Yes banks are nervous about bitcoin, as bitcoin price increases banks nervousness is also increases
recently news PNC Bank Threatens to Close Customer's Account for Buying Bitcoin
Central bank of India wants to regulate bitcoin in india
Bitcoin Businesses Face Bank Account Closures in Singapore
This shows that banks are afraid from bitcoins.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: taiwww on October 22, 2017, 11:45:34 AM
Banks are in operations from last hundreds of years.
Banks have reached almost every part of the world.
Banks work like backbones for many economies.
Banks not only issue currencies but also do lot of other activities required for people in general.
Bitcoins get introduced in 2009, with many popular features which banks never implemented even after gaining monopoly in currency business. Bitcoin is a decentralised , autonomous currency, banks have always controlled/ manipulated economies on the instructions of the governments.
There is heavy difference on the return on the investments of banks and bitcoins. Banks took heavy transaction charges from their customers, transaction charges of cryptocurrencies are negligible as compared to banks.
Banks have really shaken by the popularity of bitcoin.
If they have to survive they must change their traditional ways of doing businesses.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: sapusapu on October 22, 2017, 12:24:21 PM
I think bitcoin has sophisticated system. Many people join and invest in bitcoin. Many people believe that invest in bitcoin has many more profit than invest in bank. So big bank are so nervous and scaried about bitcoin :)


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Lampaster on October 22, 2017, 12:32:50 PM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: miltonpogi on October 22, 2017, 12:53:26 PM
Ask I see on our economy, Big Banks are scared in bitcoin in many aspects, first and foremost  banks  know that paper money can turn to currency, because as of now many companies in world has accepting bitcoin in exchange for their products and works, not only that, they know that the investors on bitcoin will get bunch of money than they give, because price of bitcoin was surprisingly increasing week by week,and also it is more easier for investor to invest than banks, because there is no much requirements needed, and lastly Banks Manager knows that bitcoin power was slowly  spreading in entire World like Japan first did.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: 1Referee on October 22, 2017, 01:10:38 PM
PNC Bank Threatens to Close Customer's Account for Buying Bitcoin

The only proper way to respond to this, is that you tell them to go ahead and close it. I have experienced something very similar, where I was forced to either stop using my bank account to buy and sell Bitcoin with, or they would immediately close my bank account and cut all ties with me as customer. I left that bank and I am happy that I did so. Never will I let a bank tell me how to use my own money, never. I am glad that I didn't have anything other than a simple bank account there, but if I needed to move my mortgage over to a different bank just because of this, I would do so too. I would even advice people around me to close their bank accounts there, just to make that rubbish bank feel that they can't mess around with their customers. They shouldn't forget that without their customers, they are nothing.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: marcbitcoins on October 22, 2017, 01:11:29 PM

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, thereís 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

Because the banks see now that bitcoin is a threat to their business in which some investors are now pouring their investments to bitcoin not to the bank, most people are now saving thru bitcoin not in the bank and most people now are using bitcoin to purchase instead of fiat in which banks assets to stay alive.Therefore banks will do anything to make the people away from bitcoin so that it will reduce the nervous.  ;D :D




Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Palirai on October 22, 2017, 01:26:39 PM
Because of the fact that the bank has% of income, in bitcoin, as statistics show, the rate only grows and brings not 10-20%, but 100% +


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: TrueCryptonaire on October 22, 2017, 01:59:23 PM
I think banks are really nervous with the trend by which bitcoin is coming in society. There is no time less when bitcoin will capture the economy.  Bitcoin has so many advantages,  like easy transaction, no fees is demanded like banks do. There is no time taken no lack of time.
Bitcoin has caused a sense of fear of extinction in banks.  As bitcoins offers more freedom and  equality compare to banks.  Bitcoin in a very less time has become more popular and valuable in  comparison to gold.
Bitcoin is a crypto currency but it has become a hug investment also.  Big companies and names are coming forward for taking the Bitcoins and accepting bitcoins. Bitcoin is a new talk of the town. Bitcoin gives a variety of  advantages and is globally accepted where as bank is run on one currency. I think this is the reason why bitcoin are created fear among banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Harlot on October 22, 2017, 02:04:47 PM
I have read the article and as usual cointelegraph articles lacks content and sources making the so called news an opinion writing for me. Because what they are saying about the central banks trying to control Bitcoin and other decentralized currencies are false as the latest central bank statements of certain countries are about warnings on being scammed by the use of Bitcoin payments which is really prominent these days the only thing they want to protect is their citizens which is really normal.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Golftech on October 22, 2017, 02:11:26 PM
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 are
not 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Silberman on October 23, 2017, 09:09:44 PM
It is very obvious that bank will indeed be nervous as regards the increasing global acceptability of bitcoin.
Bitcoin being a virtual currency that does not requires a third party for it's transactions means a lot to bankers, at this end bankers are going to lose their jobs in few years to come. (No tax to be paid).
Moreso, bitcoin being a decentralized currency cannot be recapitalized by the so called central banks is another setback to the bankers.
Bankers will find a way they are a bunch of liars and cheaters that Iím sure they are already thinking how to solve this issue, I will not be surprised if they used the same trick they used against gold, they are going to create their own cryptocurrency with an equivalence to bitcoin then when you deposit your  bitcoin with them you get this crypto that has some differences with bitcoin, especially the ability to make chargebacks and then they are going to create as much of this crypto as they want.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: enhu on October 23, 2017, 09:22:39 PM
I think they are also preferred for this which is why they are also going to get into BTC and have XRP in case they turned irrelevant in the future because of BTC which is likely to happen. They are gradually making improvements to their system to be ready for crypto and I guess no one is left behind still.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Gaff on October 23, 2017, 09:46:32 PM
It is very obvious that bank will indeed be nervous as regards the increasing global acceptability of bitcoin.
Bitcoin being a virtual currency that does not requires a third party for it's transactions means a lot to bankers, at this end bankers are going to lose their jobs in few years to come. (No tax to be paid).
Moreso, bitcoin being a decentralized currency cannot be recapitalized by the so called central banks is another setback to the bankers.
Bankers will find a way they are a bunch of liars and cheaters that Iím sure they are already thinking how to solve this issue, I will not be surprised if they used the same trick they used against gold, they are going to create their own cryptocurrency with an equivalence to bitcoin then when you deposit your  bitcoin with them you get this crypto that has some differences with bitcoin, especially the ability to make chargebacks and then they are going to create as much of this crypto as they want.
Yeah how rude they are with that such act. No wonder many people are losing their trust in banks. Sometimes I am doubtful because I heard many issues already and even my friends had experienced of pseudo transaction. The reason why big banks are so nervous about bitcoin is that bitcoin has a huge percentage rate of money from different currencies in one. It is a total package which can be done using a wallet to wallet basis. It is a big rival between two if soon bitcoin will be officially accepted internationally.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Pettuh4 on October 23, 2017, 09:53:35 PM
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 are
not 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.

And that's like relinquishing your power and handing over to the authorities or central banks again if you convert your BTC and have them sent back to your bank account. The banks are nervous perhaps because Bitcoin is triumphing and it's going to render them obsolete and unemployed should the whole world accept it at once.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: weblaraveluser on October 23, 2017, 10:20:25 PM
Yes big bank are so nervous about bitcoin..because in bitcoin it,s very convenient even at home you can make transaction no hassle people would prefer to join bitcoin buy and sell and earn money very profitable ..while  in bank so hassle you have to wait for the transaction with low interest rate.. :-* :)


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Kisanaq on October 23, 2017, 10:23:54 PM
Because bitcoin is a bank competitor, with a sealed market cap that has now reached more than 100 billion USD, bitcoin is a threat from banks and can make banks disappear.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: _Dawid_ on October 23, 2017, 11:04:10 PM
Big banks and also this little ones, are so nervous about Bitcoin because it is their main opponent/competitor. Banks always get some money for using fiat money(lending, money trasfers etc.) So  you will probably pay(with bank)for everything. With bitcoin, transaction is faster, you are anonymous,  no additive cost like taxes etc.
So comparing BTC to banks is obvious that BTC is a real dangerous and more and more people will choose crypto


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: btccashacc on October 23, 2017, 11:28:26 PM
I'm not surprised that they are so nervous about bitcoin, bitcoin is such a competitor for them, people nowadays are smart to invest in bitcoin rather than investing their money in the bank, on the other side there are so many advantages that bitcoin gives than bank, but we can't deny that with the power of the government Bank can beat bitcoin as we can see in some countries bitcoin is being banned.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: a4techer on October 23, 2017, 11:50:27 PM
It just because of popularity of bitcoin so that they afraid or worried about the bitcoin and also we know if every country know about bitcoin so many bank or any big banks are absolutely nervous, like us we don't save our money in the banks we are going to invest in any coins just like bitcoin just because of income and the fluctuation of cryptocurrency or stocks that possible our investment was going to increase not like the banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: bitcoinbox on October 24, 2017, 12:13:20 AM
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!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Svenzyr on October 24, 2017, 12:26:08 AM
The banks didn't care in the beginning, then ended up understanding they are going to get replaced since nobody is willing to use a middleman/3rd party to transfer money.
Why would you do that if you have the oppertunity to do it directly without anyones help  :D


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: aardvark15 on October 24, 2017, 12:28:38 AM
Big banks are scared of bitcoin and cryptocurrency in general because they fully know that there is a strong future with virtual money and they don't want another competitor, they're already fighting within themselves.

Banks make money by using customer deposits and charging borrowers for loans for cars and houses. Banks need our money to make money. They also offer customers credit cards that they make profits on in interest and fees. If people start storing their money in Bitcoin addresses then banks run out of money to loan out.

As we can see, Bitcoin has potential to make profits for investors. We can store our money as Bitcoins replacing savings accounts and we can pay for things with Bitcoins replacing credit cards.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: megynacuna on October 24, 2017, 12:42:40 AM
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


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: coin_1122 on October 24, 2017, 01:13:15 AM
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!

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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: szpalata on October 24, 2017, 01:24:38 AM
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!

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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ihsanskanzaone on October 24, 2017, 01:27:47 AM
because we can see in terms of administration bitcoin is perfect for anyone and its management is very easy and can save cost and time. we can also see in terms of bitcoin investment is very good rather than save in the bank because the rise in bitcoin prices is very high than the currency in the issued by the bank. bitcoin also in terms of transactions can be done anywhere can even send to different countries with transaction costs similar to the domestic so that makes big banks so nervous.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Sled on October 24, 2017, 03:13:38 AM
We all know that the banks are storage for our money and a lot of people trust banks because they know that they can give assurance for securing our money but when the bitcoin comes and if the people that uses banks will now bitcoin then they will realize that there is a better option for having a safe haven for their money and after that, they might transfer their money to bitcoin and uses it as a savings or investment which will give them big profits so that is why the big banks or even the small banks are so nervous about the revolution of bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Yadstiker on October 24, 2017, 03:42:39 AM
I don't if my assumption was correct or not, but as i am wondering why they are worried or scared about bitcoin is that, they heard so many rumors that their service will no longer be in need or needed, because bitcoin was already there to provide the needs better than they can, but i don't think its true, we all knew that mosr of us here in order to cash out we need banks to convert it to cash, and that was also one thing they are being worried of, that cash will bw extinct.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: geopolisch on October 24, 2017, 12:22:56 PM
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 are
not 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.
Banks are nervous just because people are rushing toward this mighty coin because it acts in both way currency as well as investment the people wo put their money in banks and banks use their money and then return a small profit to them where a bitcoin gives maximum and it keeps in increasing its profit margin and people are using bitcoin instead of banks and this the alarming condition for the bankers.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: a4techer on October 24, 2017, 12:31:34 PM
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!

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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Xanxus024 on October 24, 2017, 12:44:51 PM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ask on October 24, 2017, 12:52:43 PM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: kingtoixo on October 24, 2017, 12:53:05 PM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: tyronecoinbit on October 24, 2017, 12:57:19 PM
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!

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.
Yeah! You're totally right! When you invest in banks, you only get small amount of profit for how many years. The only one who benefits your money is the bank. In bitcoin, you can have huge amount of profit within a year. The banks are now afraid of losing half of their clients because of bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: rhomzkie26 on October 24, 2017, 05:20:33 PM

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, thereís 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: YTBitcoin on October 26, 2017, 11:25:09 PM
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 theyíre 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Cjbrinces11 on November 01, 2017, 05:30:03 PM

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, thereís 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: nagatraju on November 01, 2017, 05:49:08 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


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: innocent93 on November 01, 2017, 09:07:59 PM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: iSkyCastle on November 01, 2017, 10:37:59 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Lorna t on November 01, 2017, 11:28:53 PM
 :)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....


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: terrenceschroeder on November 01, 2017, 11:50:35 PM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Ilegendph on November 02, 2017, 12:36:41 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Lolang on November 02, 2017, 01:27:16 AM

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, thereís 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
Bitcoin is a fast rising crypto currency or virtual currency in this generation. Because of its undenying fast rising value many people are happily engaged and using this currency. Bitcoin gained the trust of people because of its unexpected high value that is continuously rising. Because of this, banking system are realy nervous, since people are trusting crypto currency the engaged more in virtual banking than the old style banking. But since the bitcoin value is high they can't blame the people who loves to use virtual currency nowadays.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: BenjaminFranklingwould on November 02, 2017, 01:36:34 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Capt00 on November 02, 2017, 02:24:35 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: 0t3p0t on November 02, 2017, 02:51:12 AM

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, thereís 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 what make banks to be afraid is that they don't want people a massive dump on fiat money in exchange of Bitcoins because what I have observed people keep on investing Bitcoins day by day. Hundreds of thousands of newcomers are buying Bitcoinsbecause they believe that it will change their fortune one day. The fiat money supply is too high while demand is decreasing so maybe that is one of their concerns about Bitcoin domination in the  markets. Here in my country, actually a third world country banks are not afraid instead they accepted Bitcoin and see it as another level of investment and has potential to grow in the future. They just  implemented regulations on our local Bitcoin exchanges to prevent any illegal activities.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: innocent93 on November 03, 2017, 07:57:50 PM
Even for banks crypto coins, at this hour, gives them perspective of future incomes so they have to change their marketing strategies regarding crypto.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: dulce dd121990 on November 03, 2017, 11:35:16 PM
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. 


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: appleffi on November 04, 2017, 12:41:00 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: waynechong1995 on November 04, 2017, 01:09:48 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: JTASSOCIATES on November 04, 2017, 01:41:31 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: mx667 on November 04, 2017, 02:07:05 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Yamifoud on November 04, 2017, 02:49:20 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ausbit on November 04, 2017, 07:24:01 AM
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 doesnít 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 doesnít 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


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: lady-odyvan on November 06, 2017, 09:26:17 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Ronaldcoin2017 on November 06, 2017, 09:31:48 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Viakor on November 06, 2017, 09:50:46 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Alvaro.anso on November 06, 2017, 09:53:55 AM
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...)


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: iv4n on November 06, 2017, 10:21:39 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Rindtom on November 06, 2017, 10:46:48 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cryptokitty on November 06, 2017, 10:59:33 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: kemonojim on November 06, 2017, 11:05:41 AM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: reliable on November 06, 2017, 11:11:02 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: MCVXYZ on November 06, 2017, 04:28:10 PM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: felipe04 on November 06, 2017, 05:18:07 PM
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


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: mrcash02 on November 06, 2017, 06:05:02 PM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ItsEzMkay on November 06, 2017, 06:17:25 PM
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 :D ;)


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: barbara44 on November 11, 2017, 11:44:11 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.
There is no reason to deny this fact that this concept of crypto currency is really gaining lot of attention and there are number of people who are investing a huge amount of money into this. This is really an alarming thing for the safe survival of the banks in the coming days.

It is because of the reason that there will be left no need of banks in the future because will start going to keep their money in form of digital currency.



Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Fulmand on November 13, 2017, 10:34:49 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.
There is no reason to deny this fact that this concept of crypto currency is really gaining lot of attention and there are number of people who are investing a huge amount of money into this. This is really an alarming thing for the safe survival of the banks in the coming days.

It is because of the reason that there will be left no need of banks in the future because will start going to keep their money in form of digital currency.




I think they are not afraid,of what they did the banking system in the whole world because banks are protected by the government in every country, unless the government found the digital currency as a big impact to the economy. But the decentralized currency makes it a very hard to accept by the government because they are designed to by pass the government system and the banking system.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: shinchan123 on November 13, 2017, 10:54:44 AM
I think they are thinking about the banks' future around the world. The thing is banks only receive physical money, and bitcoin is the total opposite. It would be not logical for them to store money that has no physical form. So, they will not get any profit from that.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Twinscoin2017 on November 13, 2017, 11:17:32 AM
I think they are thinking about the banks' future around the world. The thing is banks only receive physical money, and bitcoin is the total opposite. It would be not logical for them to store money that has no physical form. So, they will not get any profit from that.
well big banks really affraid on bitcoin because they really didnt want to loose costumers because of bitcoin because bitcoin is really almost like banking and it is really amazing because we can gain on it with an hour or maybe a month or in a day.because bitcoin really is unpredictable and it has a great capabilty to rise in the near future that is why everyone really wanted to have bitcoin today in preparation of tommorows price.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: misterj on November 13, 2017, 11:57:04 AM
I do not know if ever big banks are nervous about bitcoin but if they do I believe that it is because they cannot put their hands on it. maybe because, in my opinion, they cannot put profit to it like how they do it in fiat or in our money. Their interest do not apply in bitcoin, which could mean that they cannot steal money from the individual earning bitcoins or altcoins. If the number of bitcoin and altcoin worker grows, it would decrease their profit because their will be a decrease in person in need to make a contract to them for money. Individuals would not anymore depend on their loans, mortgage, and etc,. This means their profit would be lesser than ever.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: mifanmuzny on November 13, 2017, 12:03:11 PM
They are scared shitless of bitcoin because its the biggest threat for their banking system  ;D


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Darklinkz on November 20, 2017, 08:02:48 AM
It is said a hundred of times that bitcoin and cryptocurrency is going to remove the middleman in the financial system which is majority played by bank everywhere in the world.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: carlisle1 on November 20, 2017, 08:38:23 AM
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.
right and because thier service wont be needed anymore,the corruptions will be stopped when bitcoin take over the transaction.bank always tell us that our money is safe but the real fact is they are the hold upper..the sindicate that making money out of our money.hope in 10 years time banking system will not be needed anymore and the crypto will take over


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: SuperD007 on November 20, 2017, 08:57:45 AM
Personally, I think as crypto in general starts getting more user adoption. The banks are going to be faced with two options, either they close their doors OR they adapt to the changes in the economic system and start integrating cryptocurrency into their business model, off course they are going to have to REALLY get creative on value-added services to try convince people to use their service. They will no longer enjoy the power they currently have....the power will be in the hands of the people and they will be begging us to do business with them :)  (Yeah yeah, I know....some what utopian of me but hey, anything is possible :))


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Anne8 on November 20, 2017, 09:53:59 AM
Just simple thing i can say in this case, bitcoin price is getting higher, it make bitcoin popularity rank increase.
That both are making the bank nervous. Why? Maybe more bank customer just take out money feom bank and start buying bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: meanwords on November 20, 2017, 10:00:29 AM
Because basically they won't be able to control it. Bitcoin is decentralized, so meaning it won't need any third parties like banks to transfer money around the world and you can make a transaction anonymously and if Bitcoin did solve it's problem of high fees and slow transaction then it would be a big threat for banks as people will use Bitcoin more for transactions.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: imking on November 20, 2017, 12:19:21 PM
In my opinions why big banks are so nervous about bitcoin because if we invest to some banks, you can have only a little amount of percentages, but if we spend to bitcoin, we can get a massive amount of the portions of the investment, that why some banks


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: RavenHood on November 20, 2017, 12:42:31 PM
I think why big banks are so nervous to bitcoin because banks cannot control. The increase in the amount of the bitcoins and many people choose to investment to bitcoin more than the banks. I read some news or article that some banks told to some people that donít invest the bitcoin for me that only a markets strategy of the banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Sled on November 20, 2017, 01:48:34 PM
In my opinions why big banks are so nervous about bitcoin because if we invest to some banks, you can have only a little amount of percentages, but if we spend to bitcoin, we can get a massive amount of the portions of the investment, that why some banks
Because of the huge potential income in bitcoin, a lot of people are getting attracted to it and that is why the banks are being threaten for losing a lot of users and money and i think that the banks will not let that happen and they will make a lot of programs that will attract people to invest more in their side because of safer type of investment.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: voztata on November 22, 2017, 09:29:45 AM
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.
right and because thier service wont be needed anymore,the corruptions will be stopped when bitcoin take over the transaction.bank always tell us that our money is safe but the real fact is they are the hold upper..the sindicate that making money out of our money.hope in 10 years time banking system will not be needed anymore and the crypto will take over
Lol who told you guys that banks are afraid of Bitcoin? I donít know why some guys keep on coming up with topics like this. Banks are never afraid of bitcoin, and know thisĖ if banks sees Bitcoin as something bad, then it will be down by now, because Bank is Government, and Government is Bank.

The reason Bitcoin is still seeing the broad daylight is because the government is yet to recognize it as something bad (I know some did) but when they do, huh, it will turn out pretty bad.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: perfect999 on November 23, 2017, 01:09:57 PM
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.
I think the big issue is lack of control over the transactions of bitcoins as all the banks are working under the instructions of the concern government and there are different types of taxes implemented on the money of people while in case of bitcoin there is no such system has being introduced for getting control as well as implementing taxes over the wealth of the people thatís why banks are nervous about bitcoin


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: carodupuis on November 25, 2017, 04:54:52 AM
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 :D ;)
Yes the interest rates of banks are fix in nature while there is no limit for the income being generated from bitcoins. Now a days bitcoin is mostly like by the people due to the reason that the government has no control over it and they are paying no such taxes so they are getting more profit from it while implementation of different types of taxes is a major duty of a bank so thatís why banks are nervous about bitcoin.     


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: karnwillbit on November 25, 2017, 06:06:24 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.
There is no reason to deny this fact that this concept of crypto currency is really gaining lot of attention and there are number of people who are investing a huge amount of money into this. This is really an alarming thing for the safe survival of the banks in the coming days.

It is because of the reason that there will be left no need of banks in the future because will start going to keep their money in form of digital currency.


I am considering it as up to the imagination it is looking impossible that the banks will die although I am very positive that all the banks will use bitcoin as a digital currency for transactions as well as online payments. Banks plays a crucial role for running and execution of a government and they have been built fro serving the common people of the country.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Altas on November 25, 2017, 06:41:56 AM
It's been clear that lot of banks around the globe has been facing a major loss. Now the same along with more other altcoins continue to overcome the usage of banking services. Some banking companies have come with plans of adopting the technology and some has been planning to use bitcoin along with their services. This makes banks nervous about the growth of bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Imman Mariano on November 25, 2017, 07:11:18 AM
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.
https://cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin check this website guys theres a lot of info


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Tumanggor on November 25, 2017, 07:17:37 AM
this is actually just a matter of Business,
big Banks realize if Bitcoin or Blockchain is growing and in interest then their business will be destroyed and less compete with Bitcoin,
so from that, they make a statement of bad statement about Bitcoin, this is my opinion ...


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: adiksau0414 on November 25, 2017, 07:35:36 AM
People still believe in banks.  Eventhough bitcoins existence tend to lower the bank transactions.  I believe that they are not nervous or afraid of the existence of bitcoin.  This is a great opportunity for them to gain more market because some of the encashment of bitcoin is available in banks. In buYing bitcoins,  some banks can also provide that to the people (maybe with much higher cost). Its just a huge and take situation for the both party. The thing that banks doesnt like is that some of the transactions involving bitcoins is that the third party or middleman (which is the banks)  is being "out of place". There are so many application there that can be use for direct payment  in some merchant.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: richmcrich on November 29, 2017, 05:54:01 AM
It's been clear that lot of banks around the globe has been facing a major loss. Now the same along with more other altcoins continue to overcome the usage of banking services. Some banking companies have come with plans of adopting the technology and some has been planning to use bitcoin along with their services. This makes banks nervous about the growth of bitcoin.
The most basic reason behind all this is that all the crypto currencies which are there in this world are gaining lot of reputation with each passing day and this is promoting the usage of digital currency. This is having a sever effect on the usage of paper money as more people are now using crypto currencies for their daily use. This is really an alarming thing for the banks as their market is going down.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Urbanbypas on November 29, 2017, 08:44:33 AM
Banks do not want to lose their profits, because they see in the crypto-currencies of competitors. People prefer to invest not in gold or bank deposits, but in bitcoin, so the profits of banks fall. This is the cause of their anxiety.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Leane Lee Natividad Cuenc on November 29, 2017, 09:05:47 AM
Maybe BITCOIN DEFEATED the BIG BANKS and maybe BITCOINS became most popular in the world and more good currency.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Protected101 on November 29, 2017, 09:24:11 AM
Banks are afraid of cryptocurrency,because in spite of decentralized and its value much higher than their interest ,depositors in a bank will be less and change to digital currency.For now bitcoin become more popular and investors want to invest in bitcoin rather than banks now.It is a better currency for us because in charges the added a small fee in a bank they always charges a higher fees so thats why many depositors want to go on bitcoin ,banks will die sooner or later.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: FoxTheHuman on November 29, 2017, 09:47:14 AM
There are many reasons for big banks to worry about bitcoins as well as crypto markets. As the evolving economy grows, fewer people put money in banks instead of investing in crypto or real estate.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: brontosaurus on November 29, 2017, 10:35:57 AM
Bitcoin simply challenges the traditional system of fiat transacations directly. Banks since their inception have been working with more of centralized approach by creating new money with every transactions. Bitcoin on the other hand would not allow them to do so as its shows utter transparency.

For example: If you have certain fiat in your account the bank says that you have it in your account. But is their any physical memory location where you can go and check such some of money? They are just numbers. Whereas bitcoin has this idea of a specific block holding your coins. So you can even check this virtual memory location for your block.

This is the main reason which makes banks nervous about bitcoins.
Maybe BITCOIN DEFEATED the BIG BANKS and maybe BITCOINS became most popular in the world and more good currency.
I think bitcoin and banks don't have much competition among them they are two absolutely unrelated things. Competition is between fiat and bitcoin. Banks merely act as agents of fiats.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: streazight on November 30, 2017, 12:32:57 PM
Banks do not want to lose their profits, because they see in the crypto-currencies of competitors. People prefer to invest not in gold or bank deposits, but in bitcoin, so the profits of banks fall. This is the cause of their anxiety.
Even gold investors are trying to pull out a little bit now.
Bitcoin and cryptocurrency is getting extremely interesting daily and we can all see that. As long as they keep seeing the fact that bitcoin is gaining more ground, they will keep being threatened by it.

One thing for sure though is that fiats won't be discarded any moment from now, but we really cannot say what is going to end up happening later on in the future.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: raven7886 on December 01, 2017, 08:09:26 AM
Banks are afraid of cryptocurrency,because in spite of decentralized and its value much higher than their interest ,depositors in a bank will be less and change to digital currency.For now bitcoin become more popular and investors want to invest in bitcoin rather than banks now.It is a better currency for us because in charges the added a small fee in a bank they always charges a higher fees so thats why many depositors want to go on bitcoin ,banks will die sooner or later.
Depositors are really getting lesser by the day most especially for developed countries that have huge access to technology and the citizens are tech related.

Banks have always enslaved us right from the start and the fact that people are beginning to experience the huge freedom they should have been experiencing all these while in bitcoin, that makes bank to suck the more and why would they not be nervous ?


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: dancingnancy on December 01, 2017, 09:56:24 AM

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, thereís 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
Banks maintain a monopoly over people's money. So they want people to buy and trade using bank's money. Bitcoin also allows people to escape tax and save their savings in hardware or e wallet rather than depending on banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: z38630610 on December 01, 2017, 10:05:32 AM

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, thereís 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

banks are afraid of bitcoin trade. because the bitcoin removes the gains the banks have earned for the benefit of the user. you can easily make big money transfers with bitcoin. the costs and procedures for these money transfers made with the bank are much higher. This is the reason that the banks are nervous.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: armandoz on December 01, 2017, 11:14:37 AM
Because the bitcoin is future currency. if this bitcoin will grow more and much higher value. the people will start to transfer their account to bitcoin and bitcoin don't have tax and your money make double. not like bank need time to go to the bank. even bigger amount as long as you have an account no problem.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: kimochidesh on December 01, 2017, 09:48:33 PM
The reason is known to everyone. No govt. want to lose the control over the economy and banks being an instrument of Govt. to regulate the currency and economy do not want to lose the game. But people all around the world are liking BTC and adopting it as a transaction mode. It would be interesting to see how govts react in this situation, will they adopt exchanges as a competition against bank to control the crypto market!!! I think that might be mak=jor reason why banks are getting nervous now a days.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: wuvdoll on December 02, 2017, 11:17:18 AM
There are many reasons for big banks to worry about bitcoins as well as crypto markets. As the evolving economy grows, fewer people put money in banks instead of investing in crypto or real estate.
This is more like the evolution of money and the way we spend. When everyone can just keep their funds in their wallet without the third party involved, then what would be the essence of keeping money in the bank.

The truth though is that banks will still be relevant for a while except for quite a huge number of learned people in the population pulling out their funds from the bank and switching to cryptocurrency instead. That would really mean a lot since most of the working class and some of the elites are the one making most use of the banks anyway.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: charmaine08 on December 02, 2017, 11:48:48 AM
Banks are nervous about bitcoin because it may cause to them into falling or bankrupt , Bitcoin. Is more interesting in investing while banks just doing an saving .


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: asriloni on December 02, 2017, 11:53:48 AM

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, thereís 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
Banks maintain a monopoly over people's money. So they want people to buy and trade using bank's money. Bitcoin also allows people to escape tax and save their savings in hardware or e wallet rather than depending on banks.
The bankers are controlling everything right now, through the blockchain and crypto currency everyone will able to manage their own financial economic without need the help from 3rd party just like bank.
if the more people are using crypto and bank will be losing a lot of customers.  ;D


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: pikebu on December 02, 2017, 12:03:45 PM
Because the bitcoin is future currency. if this bitcoin will grow more and much higher value. the people will start to transfer their account to bitcoin and bitcoin don't have tax and your money make double. not like bank need time to go to the bank. even bigger amount as long as you have an account no problem.
Yes bitcoin is more better system to sending the values around the world than use fiat money (remittance business with bitcoin) i think the big Banks are nervous because of bitcoin right now is about remittance business, the people around the world right now can be easy addoption the bitcoin because transaction of bitcoin is more easy, cheap, fast and there are no limited amount of transaction in the bitcoin, we have full control of the money than transaction use the banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: lightskulk on December 02, 2017, 12:28:29 PM
Of course they would feel threatened. For many years they were the sold and solid institute where people seek financial assistance and security. Bitcoin cannot be manipulated by them thus could destroy their industry.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Dudeperfect on December 02, 2017, 12:45:55 PM
Even though the blockchain based cryptocurrencies like Bitcoin will gain a mainstream position in the fund transfer industry, it won't directly hit the revenue of the banks so there is a time for the banks to transform themselves and their infrastructure to provide better or at least equal service to their customers in order to survive in the market. I do see the companies like Ripple will gain popularity in this particular section to help banks in order to adopt the transformation.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Kemarit on December 02, 2017, 02:17:12 PM
Of course they would feel threatened. For many years they were the sold and solid institute where people seek financial assistance and security. Bitcoin cannot be manipulated by them thus could destroy their industry.

Threatened should not be the proper word here. Bitcoin is not threatening anyone, not even the banking system. Bitcoin and banks should work together. However, what banks is afraid of is that with Bitcoin, we are totally eliminating them. No middle person like banks. We are our own banks. However, both of them can work mutually exclusive. At least we have other options and I'm don't think most of the bitcoin users are anti-banks, there are still bitcoin users who store their wealth in a banks. And we can't totally eliminate banks. They have to think it that way. There's no way that they will became obsolete because of bitcoins. Banks are here to say and so is bitcoin. No one will win in this war. And they should not be nervous nor feel threatened in anyway by bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: usorin on December 02, 2017, 02:34:19 PM
the leaders in the Bank world are nervous when they hear about crypto and blockchain technology because it represent a threat to them and it is a bit to late to do something about it. What one was treated like a child's dream now i a threat to the international banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cryptonomics.global on December 02, 2017, 04:34:40 PM
Don't think that banks are particularly scared of bitcoin. They main profit comes from fee on loans which are not dependent on currencies. At if bitcons becomes the main currency they will just start giving loads in Bitcoins.

The real reason for them being nervous is decrease of their dominance and technical advantage caused by rapid technology evolution. It gets more easy to create a bank without investing huge funds.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Majharul Saiif on December 02, 2017, 05:18:20 PM
For using crypto currency like Bitcoin,there are many problem in our world.Big Banks are so nervous, it is one of them.It occurs that we know Bitcoin is an online based currency. It generally complete its all work in virtually. So,there is no need to pay money in cash.It is the main reason of Big Banks nervousness.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: legenduim on December 03, 2017, 03:37:36 PM
there would be less depositors because some are investing to the world of bitcoin..it has a big value and somewhat promising and many people like business minded would choose to buy bitcoins because of the opportunity to earn more.

I think it is obvious. Who will like it, when the situation turns like this: you stop getting commission. Bitcoin and all alts are decentralized cryptos, they do not need any help of any bank. Thus, guys, who are used to get great income through bank operations are very nervous.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: androidr on December 03, 2017, 03:40:10 PM
It just because of popularity of bitcoin so that they afraid or worried about the bitcoin and also we know if every country know about bitcoin so many bank or any big banks are absolutely nervous, like us we don't save our money in the banks we are going to invest in any coins just like bitcoin just because of income and the fluctuation of cryptocurrency or stocks that possible our investment was going to increase not like the banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: jagster on December 03, 2017, 03:42:21 PM
Banks are just products of our technological evolution - a necessary eventuality.

Same with Bitcoin and blockchain technology. Satoshi didn't invent bitcoin anymore than mathematicians invent math.

This logic leads me to believe banks are not threatened but will instead, adapt and absorbs the technology. They're smarter than the music industry. I doubt they'll fight this progress.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: BettingTips on December 03, 2017, 03:58:52 PM
Of course they nervous about it cause when their country legalize Bitcoin it'll be a big trouble for them. People will only focus on investing in Bitcoin and will not pay attention to bank anymore cause the profit they can get by investing in Bitcoin is better than keep their money in bank to receive interest every month. Beside with Bitcoin they can earn money by a lot of ways like trading, gambling, investing in ICO,....but with bank they only can earn more money by receiving the interest :)).


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: kumar jabodah on December 03, 2017, 04:11:29 PM
Banks are frightened because bitcoins have a huge potential that they break down by transferring investors to bitcoins. So now is actually to discredit it in the eyes of the people. This is definitely one of their future opponents. But they can not do anything because everyday it keeps increasing the number of people moving into bitcoins. So they should accept the fact that bitcoins are the future money we can use in all of our transactions.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Purno99 on December 03, 2017, 04:43:19 PM
why big banks are nervous about bitcoin, now we know that the body that validates and formalizes cash is the bank, maybe the bank is worried about the emergence of this digital money or another name bitcoin, because with the bitcoin can make cash extinct.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: joebrook on December 03, 2017, 04:56:06 PM
why big banks are nervous about bitcoin, now we know that the body that validates and formalizes cash is the bank, maybe the bank is worried about the emergence of this digital money or another name bitcoin, because with the bitcoin can make cash extinct.
Banks need money to run and the money comes from customers who save their money there, now that bitcoin has emerged, lots of people have decided that its not really worth it to save their money at banks where they get little to no interest and that it would be better to but bitcoins where the value may rise and make them some good money.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: moooonu on December 03, 2017, 04:59:21 PM
Blockchain's technology is really futuristic that banks too are implementing its technology in their system and reading its effects. I do know a state bank in my country which is implementing blockchain's technology for its functioning. Something which is futuristic will take over what is available at present so every bank should fear.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Gotottack on December 03, 2017, 04:59:26 PM
Banks are frightened because bitcoins have a huge potential that they break down by transferring investors to bitcoins. So now is actually to discredit it in the eyes of the people. This is definitely one of their future opponents. But they can not do anything because everyday it keeps increasing the number of people moving into bitcoins. So they should accept the fact that bitcoins are the future money we can use in all of our transactions.

I think this is pretty obvious. When fiat currency investors switch to Bitcoin, chances are many banks will close because its very purpose has been directly addressed by cryptocurrencies. In banks, all clients' money are subject to withholding taxes. Moreover, the value of money you have in banks do not earn much interest through time because whatever it is that you gain will be subtracted by the taxes collected by banks for governments. Whereas in Bitcoin, all your Bitcoin are all for you and subject to no other taxes. What is more is that its value increases through time based on data. Hence, as an aggressive investor, what more can you ask for?


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: STT on December 03, 2017, 06:43:04 PM
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.

Bitcoin is not a challenge to banking, blockchain is open source and free to use if they wish and some do to a minor extent.   The International monetary fund says it may well employ a blockchain in future for some kind of digital money, I dont think they speak falsely as I've heard from a dozen or more sources that blockchain as a technology is respected.

They do not respect bitcoin as a source of value though because it is not unique in their eyes or patented even or with any military or national power backing it.   Banks probably do oppose decentralised systems and peer to peer but I still do not see banks replaced by bitcoin, not all value they carry is false and not all of it is leveraged.

Even in bitcoin we find there are central points of value and a need for capital to provide investment.   It can be crowd sourced but also the old idea of large funds and companies is not suddenly over.   Banks will still exist within a bitcoin system Im fairly sure.


I disagree banks have been unchallenged.   Banks have gone bankrupt and had fascist and communist governments in control, as an idea they still carry on now.   Largely a bank just exists to mediate between borrowers and lenders, we'll always get some leverage on demand for business from other business I think.    The competetion I see from banks to crypto is their mobile apps, I worry these will be more usable to the common consumer then anything crypto gives bar the price gains

https://i.imgur.com/Xma2fdFg.jpg


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: shezu007 on December 04, 2017, 07:46:09 AM
the big banks are nervous about the bitcoin because the bitcoin is offering such a facilities to its client that big banks cannot. due to these facilities the client prefer the bitcoin trade instead to keep money in the banks. also their taxes are high while the tax of bitcoin transfer is very cheap. thats why big banks are nervous about the bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Psyloc9302003 on December 04, 2017, 08:00:09 AM
in one perspective bitcoin is becoming popular..many people are recognizing btc..and it is starting to revolutionize the world of trade and industry..but what may also be running to their mind is will they risk in joining in..for btc are very volatile and unpredictable..bank are afraid to join in because of the risk where in their risking depositors money..once somebody stole their btc they cannot get it back not like in real robbery..or if the price of btc go down..


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: brainape on December 05, 2017, 11:50:35 PM
It just because of popularity of bitcoin so that they afraid or worried about the bitcoin and also we know if every country know about bitcoin so many bank or any big banks are absolutely nervous, like us we don't save our money in the banks we are going to invest in any coins just like bitcoin just because of income and the fluctuation of cryptocurrency or stocks that possible our investment was going to increase not like the banks.
Banks are getting nervous because of bitcoin and the reason is bitcoin is now one of the top cryptocurrency in the world and people all over the world love to be the member of bitcoin thatís why people spending their money and forget about banks works that why big banks are also getting worried and I know they are all against bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Trivelius on December 05, 2017, 11:51:46 PM
Banks are just products of our technological evolution - a necessary eventuality.

Same with Bitcoin and blockchain technology. Satoshi didn't invent bitcoin anymore than mathematicians invent math.

This logic leads me to believe banks are not threatened but will instead, adapt and absorbs the technology. They're smarter than the music industry. I doubt they'll fight this progress.
Banks are over the world are against the bitcoin because people leave to invest their money and keep them save in banks and love to invest that money in bitcoin and use for the transaction in bitcoin and thatís why people like bitcoin the most.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: queenhallmark on December 07, 2017, 07:17:52 AM
Bitcoin simply challenges the traditional system of fiat transacations directly. Banks since their inception have been working with more of centralized approach by creating new money with every transactions. Bitcoin on the other hand would not allow them to do so as its shows utter transparency.

For example: If you have certain fiat in your account the bank says that you have it in your account. But is their any physical memory location where you can go and check such some of money? They are just numbers. Whereas bitcoin has this idea of a specific block holding your coins. So you can even check this virtual memory location for your block.

This is the main reason which makes banks nervous about bitcoins.
Maybe BITCOIN DEFEATED the BIG BANKS and maybe BITCOINS became most popular in the world and more good currency.
I think bitcoin and banks don't have much competition among them they are two absolutely unrelated things. Competition is between fiat and bitcoin. Banks merely act as agents of fiats.
the big banks are nervius about the bitcoinbecase the bitcoin is offering such a facilities to its client that big banks cannot. due to these facilities the client prefer the bitcoin trade instead to keep money in the banks. also their taxes are high while the tax of bitcoin transfer is very cheap. thatís why big banks are nervous baout the bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: bitgolden on December 07, 2017, 04:05:02 PM
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.
right and because thier service wont be needed anymore,the corruptions will be stopped when bitcoin take over the transaction.bank always tell us that our money is safe but the real fact is they are the hold upper..the sindicate that making money out of our money.hope in 10 years time banking system will not be needed anymore and the crypto will take over
Absolutely, if I were to be a big bank right now, I would be worried. Cryptocurrency at large is a huge threat to the banks and this totally means that most people will end up having much more reason to keep their funds in their wallets than having anything to do with the bank.

Like you said, crypto is taking over, but a decade is too small for that to happen as there will be so many people in the world in the next 10 - 30 years that may not even have a clue what crypto is all about as they are so in the dark to what is going on in the world presently.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Angna27 on December 24, 2017, 06:52:55 AM
They're becoming more aware of it potential to become hit and instead of investing to them they will choose Bitcoin because they see that people are expecting and, looking for more possible high interest and also it would be easy to transact with.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: bavian on December 27, 2017, 01:35:00 PM
I think it's because if people are often using Bitcoin so they will stop using fiats which was made by Banks so they're afraid Bitcoin will kill them.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: alfs75 on December 27, 2017, 01:44:27 PM

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, thereís 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 thinks,bank will not getting nervous about bitcoins,because they already know,thats if this bitcoins will become legalize  this is not there rival in terms of investment,unless this bitcoin is  become partnership of the banks in terms of  progressing economy of all
global community,as what i heard in news in our country that  the central bank of the phil.will accept bitcoin as there partners in terms of business exchange.