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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin


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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

They 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
The 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 don’t trust bitcoins capability to be on its place right now. I would say they “underestimate” the future of bitcoin and cryptocurrency.

But now they’re threatened and affected by they’re 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

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 they’re 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 I’m 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

They 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

I'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 that’s 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
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 can’t 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

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 I’m 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 I’m 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

They might get afraid and nervous because in the first place Bank was centralized and Bitcoin was being categorize in decentralization which means it is unregulated in business industry. That's why some of the banks in the whole world are now adapting the concept of bitcoin.


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 they’re buying bitcoin and having their money in the form of bitcoin because it is not only a method of saving money but also the easiest way of increasing your capital. Bitcoin along with other digital currencies is soon going to perish away banks.


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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

Simple as that. We are easily get transaction in bitcoin with a good interest and profit unlike banks it takes time. Bitcoin is flexible too in depositing and withdrawing. Then bitcoin is volatile it could increase nor decrease your money depends on demand and supply. Yes it is risky but it could be help.


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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
I think 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 doesn’t 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 doesn’t 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 don’t 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 don’t know why some guys keep on coming up with topics like this. Banks are never afraid of bitcoin, and know this– 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 that’s 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 that’s 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
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 that’s 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 that’s 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. that’s 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

I 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: loveinberlin on April 25, 2018, 08:33:24 PM
It is difficult to say for sure but I think that banks either don't believe in the big potential of Bitcoin or they are afraid that in the nearest future Bitcoin will become the main currency. I guess that this is possible because this is really the currency of the future.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Ann Impas on April 25, 2018, 11:13:29 PM
Banks are nervous because bitcoin or other cryptocurrency is covering same transactions that they are servicing. Like using banks/ATM card to purchase products or services. Once merchants will widely accept bitcoin then banks small ticket transactions will disappear. Because bitcoin and the rest take smaall charges. Even remittances. Banks can only manage to follow if they also adopt themselves into blockchain platform and cryptocurrency.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: sampalokmix on April 25, 2018, 11:57:12 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.

Thats true, and I think Big Banks were afraid nkt just because they wre being threatened by the fact that Bitcoin is better than them and it was widely used by the increasing number of people nowadays I think they see this as bad to their system in which people will better take risk than to invest to them in which the interest were very small, and for me thats the thing why they hate Bitcoin, the clients were probably go here than to them.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cahbagus555 on April 26, 2018, 12:23:52 AM
In my opinion, banks scare on bitcoin or cryptocurrency because its can disrupting banks bussiness. If bitcoin knowledge spread all around the world, people will demand central bank to open their ledger, because bitcoin have transparant ledger with blockchain. As we know, central banks always print paper money from thin air and spreading inflation to all around the world.
People should realize that bitcoin is revolutionary monetary system than can disrupt banking system


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: laracastvue on April 26, 2018, 12:32:29 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

There are more people who are working on the corporate world and they are having a hard time earning money because the salary is very small so most of the people are placing their money on cryptocurrency in order to earn more profit and banks are losing their investors.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Bumblecoin on April 26, 2018, 01:00:29 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.
You are correct! There may come a time when their clients will decrease or worst than that. In terms of investments, if blessed, bigger will be the gain in crypto world than in banks. Unlike in banks, even for a short period of time, there can be a bigger profit.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: phpartisanmaster on April 26, 2018, 01:06:08 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

Most of them are really scared to lose a huge amount of investors in their business because people are preferring to invest on cryptocurrency today since every social media is advertising the price that catches the eyes of the community.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Allura74 on April 26, 2018, 01:42:36 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.

Thats true, and I think Big Banks were afraid nkt just because they wre being threatened by the fact that Bitcoin is better than them and it was widely used by the increasing number of people nowadays I think they see this as bad to their system in which people will better take risk than to invest to them in which the interest were very small, and for me thats the thing why they hate Bitcoin, the clients were probably go here than to them.
Yes, bitcoin is now alarming and threaten banks around the world because people are now realized that crypto currecy are better than bank in many ways such as profit, hassle free transaction by not controlled by third party and sometimes security. If people are turning way into bitcoin then banks will be extincted soon because they will suffer a big lose because we know the fact that the bank mode of profit is from the money of people invested or hold by them.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: teklang01 on April 26, 2018, 02:16:39 AM
If all the people adopt and use bitcoin, no wonder the banks will feel nervous about it because there will be no one who needs their service for savings account and for other transactions. Bitcoin is peer-to-peer cash system, where you can send funds directly to the person you are transacting with and you can save your money to an e-wallet.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: sserge009 on April 26, 2018, 09:22:26 AM
It will be interesting to observe the development of the situation around the legal status of crypto anymore. Now the world banks have realized that they can not ignore crypto. However, banks have not yet developed a strategy for working with bitcoin, they can not predict the consequences of its development. However, now they will have to make decisions to be able to survive in a new world.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: dado7 on April 26, 2018, 09:36:33 AM
I believe that the competition is always a good thing. Banking oligopolists don't believe that.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: EnricoGomez on April 29, 2018, 03:55:30 AM
Thank you for this article, it is informative and I have learned quite something.
Banks are afraid that cryptocurrency have the posibility to replace fiat to which they heavily rely on - managing fiat is their sole purpose and they would be nothing if it will be to regularized unless they adapt to the system and governments will impose them related to managing it or something.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: yurekaa on April 29, 2018, 05:19:21 AM
because bitcoin is the result of a very useful blockchain technology in the world economy. by utilizing blockchain technology all financial activities will be much easier, faster, accurate, safe and highly efficient than we transact financially through the bank. and this technology is much needed for investors to facilitate their financial activities.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Leyss on April 29, 2018, 06:37:05 AM
Banks have something to be nervous about, because the crypto currency is getting stronger in our lives. After all, people stop referring to banks using the crypto currency for their financial settlements and from this, banks lose their profits. In addition, banks have already assessed the advantages of the crypto currency and the reliability of its blockchein technology and this also increases their anxiety, as their fears about the seriousness of the competitor, which is the crypto currency, are fully confirmed. Therefore, on the one hand, they, if possible, oppose the introduction of crypto currency, citing the riskiness of investing in it, and on the other hand, adopt its blockchein technology and themselves switch to the use of a crypto currency, such as ripple.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: clarky on April 29, 2018, 08:04:30 AM
Banks is for tangible cash and currencies while for bitcoin is for intangible. But if bitcoin will be use worldwide, banks would possibly fear this. Due to human beings can immediately invest, purchase and promote and earn without using any method. Just in a click, you can do this with any trouble of fill up varieties and transporting in banks. With all these improvements they would possibly concern that some of their biggest depositors are dropping activity in depositing their money to the bank if the inflation is quite low whereas placing money in crypto currency and bitcoins had a achievable of excessive achieve but the high hazard is additionally the huge factor of cryptocurrency as it is unstable and unpredictable.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: FUD Expert on April 29, 2018, 09:08:28 AM
They are now essentially joining the party. Their strategy now is to take control of it but I'm not really sure if they are now wanting  to use it or just destroy it by manipulating the prices like a timed crash after a FUD.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: JaxxBoll on April 29, 2018, 09:36:12 AM
In my opinion, the current trade in bitcoin is very fast, and we can transfer money from one country to another easily. And this has affected the bank. I think so.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Cynooza on April 29, 2018, 11:32:39 AM
Bitcoin has a potential of stealing a huge chunk of money flow from them and making them useless as intermediaries. Also, this way they risk losing there power and political influence.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: GreatBug on April 29, 2018, 11:45:42 AM
For me next years will show if it is possible for bitcoin to make level up, i mean to make it worlwide and possible to pay like normal money, cause if yes than we will have with two ways of paying, normal money and crypto for me and at this time banks could work like nowadays which won't make any problem for them.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Elrozaq on April 29, 2018, 12:07:49 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

off course, the bitcoin has many advantages. it is simple and secure. the bitcoin is digital currency. so, the big banks are ao nervous about bitcoin. because the bitcoin ia the future crypto currency.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Yantoaja on April 29, 2018, 12:46:05 PM
Because banks know very much about this. They are afraid it will be unchallenged by bitcoin and eventually they will be replaced. Because bitcoin has started in knowing many people but there are still many who banned from a country whose majority of government in control by the upper class.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ArteMixer on April 29, 2018, 12:52:20 PM
In my opinion, banks have a slightly different function than Bitcoin, but since banks are directly connected to currency and Bitcoin is a substitute to that. I mean, even the dumbest person, looking at the speed of development of crypto (in term of market cap.), would get worried about future of currencies.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ceferov on April 29, 2018, 12:54:23 PM
There are not any business that wants it's income to decrease. Banks lately started to hate BTC because they see the danger. Cryypto wil change a lot about banks and their income. Also some governtments will not like decrease of their banks income


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: simpleholmes on April 29, 2018, 12:59:43 PM
they didn`t care for it before because they thought it will be extinct within time but wherever the big investors got included especially their rivals , than they got nervous because beating money with money would be very hard when the other have better tech and money as well.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Craigjohnstone on April 29, 2018, 01:09:52 PM
Obviously banks want to protect their profits. If they are under attack from something that could genuinely undermine them, they will do everything in their power to stop it. Time will tell, at the back of the bankers mind will be worry and realisation of the potential of BTC.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: bcointt on April 29, 2018, 02:37:07 PM
I very much doubt that Banks worry about Bitcoin and cryptocurrency. They know about it but all market is small.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Viyamore on April 29, 2018, 02:47:27 PM
Definitely, banks are threathened to bitcoin and blockchain. That is how profitable bitcoin is that even huge institutions  are afraid to the future it can conquer. THey know that there is a possibility that people may opt to use bitcoin instead of fiat. If that happens, even though they have been into online banking system now, bitcoin phenomenon is still unstopable to grow and be chosen by the people.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: mulukey on April 29, 2018, 03:51:20 PM
Big banks are so worried about bitcoin because bitcoin's transaction fees are too low. Also bitcoin is used to pay for services quickly and conveniently via the internet. Mostly in developed countries use bitcoin in a common and effective way. That's why big banks worry about bitcoins.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ferrybitcoin.1996 on April 29, 2018, 04:33:33 PM
Because banks know very much about this. They are afraid it will be unchallenged by bitcoin and eventually they will be replaced. Because bitcoin has started in knowing many people but there are still many who banned from a country whose majority of government in control by the upper class.
Umm.... Logical reason why Bitcoin as Bank's threat because Bitcoin dont need Middle-Man for their Transaction.
I mean, Bitcoin have Blockchain as their Data Center and transaction can done easily and faster. So, bank scare their user will drop


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ayocycled on April 29, 2018, 08:46:32 PM
Because banks know very much about this. They are afraid it will be unchallenged by bitcoin and eventually they will be replaced. Because bitcoin has started in knowing many people but there are still many who banned from a country whose majority of government in control by the upper class.
Umm.... Logical reason why Bitcoin as Bank's threat because Bitcoin dont need Middle-Man for their Transaction.
I mean, Bitcoin have Blockchain as their Data Center and transaction can done easily and faster. So, bank scare their user will drop

Quite logical, I would say


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: sevenbits on April 29, 2018, 09:24:12 PM
of course they can be understood. Crypto undermines the fundamentals of their financial world and turns everything upside down. Instead of the center and satellites, a decentralized network. The crypto market conceals more dangers for the world's banks than it can bring benefits.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ov3rflow9x on May 01, 2018, 01:22:07 PM
You're completely right. Some countries who actually didn't ban bitcoin and other cryptocoins, but never regulted this instead are getting stronger in nearest future in financial statements of usual people


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: goku1525 on May 01, 2018, 01:54:57 PM
You're completely right. Some countries who actually didn't ban bitcoin and other cryptocoins, but never regulted this instead are getting stronger in nearest future in financial statements of usual people
As you can saw on the chart history bitcoin regulates higher prices and the forum also has a lot of capabilities to earn good moneys. Big banks are afraid because bitcoin has a chance to overtake fiat sooner .Bitcoin is strong nowadays and the most popular coin worldwide.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: kisscoin on May 01, 2018, 11:35:15 PM
Of course they will be nervous, it can cause significant damage to their economy!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Elkafi on May 02, 2018, 12:07:13 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

off course, The big banks are so nervous about bitcoin because The bitcpin is so popular 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. the big banks should create a new crypto too.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: LigwagGanern on May 02, 2018, 04:31:43 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin







Big banks are so nervous about bitcoin because they know that bitcoin can do better than what they can. The bitcoin was so popular in the world and many people wants to have it to keep it 'til the price of it increase and then earn it. The bitcoin security was so strong unlike in the bank because it is online and the company who hold their bitcoin was so polite. And it is easy to use when you need to cash out or withdraw your money,


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: TiffanyLien23 on May 02, 2018, 05:02:08 AM
Well its because bitcoin offers services more than banks can do and also gives higher appreciation for savings and investment. Most of the banks are threaten of the fact that digital currency is the upcoming future of all currency that can be used all over the world and time will come that 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. But as of now, banks are already depend on the government because government doesnt allow that to be happen that banks can be gone away because banks are also helpful to the government because of the big tax that they give to the government that can be used in the economy of their country.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Freshmen on May 02, 2018, 08:17:27 AM
Thank you for this article, it is informative and I have learned quite something.
Banks are afraid that cryptocurrency have the posibility to replace fiat to which they heavily rely on - managing fiat is their sole purpose and they would be nothing if it will be to regularized unless they adapt to the system and governments will impose them related to managing it or something.
Whenever an entity feels some kind of threat from another entity, first one becomes afraid of the later one. That is pretty obvious and understandable. Prey fears predator and this is good for its own survival. Banks are well aware of this fact that cryptocurrencies are grabbing more and more fame plus support gradually causing a decrease in their customers. Without customers, no business can survive.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: PalindromemordnilaP on May 02, 2018, 01:16:44 PM
I believe the very reason why banks are nervous about bitcoin and the digital currencies is because they don't have anymore the intervention in the people's transaction sending money anywhere across the world and people will also keep their assets in digital wallet than in banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: avirdoz on May 02, 2018, 02:18:01 PM
Bitcoin can ultimately make the world banking system unnecessary. Banks system become more and more outdated with the years. I think this is their main concern.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Freddie Aguiluz on May 02, 2018, 02:25:40 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.

 Digital currency can now be used as bank, thats why banks is so nervous about btc. If btc and other altcoin are being used by majority, then banks will not be needed and will be bankrupt.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: zhagedus on May 02, 2018, 02:31:03 PM
They are much afraid because, Bitcoin is a Bank of yourself and anonymous, so they think that people will be much interested to click to Bitcoin ie Banking with wallet to over sees your transactions without any body monitory it.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: satecream on May 02, 2018, 02:52:44 PM
i think bank are nervous that because they scared about what bitcoin can do it after all, and they still didn't know how or to manage to control about bitcoin itself and they scare bitcoin will overtake them


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Gandam23 on May 02, 2018, 03:10:18 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
Bitcoin gives convenience to people that banks can't give at all just like queueing. When you use bitcoin you don't need to queue for a long line, wherever you are and whenever you want, you can send some bitcoin or money to someone even she/he is on the other side of the world unlike with banks there are so much process and questioning.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: MrRiuss on May 02, 2018, 03:21:26 PM
big banks are so nervous about bitcoin because if bitcoin is widely use, their income will suddenly drop, people wont make a transaction through bank anymore, but directly with bitcoin


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: geegaw on May 02, 2018, 03:43:09 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.

 Digital currency can now be used as bank, thats why banks is so nervous about btc. If btc and other altcoin are being used by majority, then banks will not be needed and will be bankrupt.
But looking at the real situation, we can clearly see that the number of bitcoin users and the number of bank users still have a huge difference, most people still lean toward the bank, bank reputation is still the number one in the minds of so many people. Therefore, I have reason to believe that the bank has nothing to fear bitcoin, it still can not pass and replace the bank, the problem that big banks worry about bitcoin is that they are afraid they will not be able to adapt and work with bitcoin in the future when the technology of bitcoin is too new and they are lacking in technology to respond in time


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: bizarro on May 02, 2018, 03:47:51 PM
It is obvious in my opinion, becouse government and big old banks are affraid to loose their global influence at people


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Master Third on May 02, 2018, 03:55:40 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.

 Digital currency can now be used as bank, thats why banks is so nervous about btc. If btc and other altcoin are being used by majority, then banks will not be needed and will be bankrupt.
But looking at the real situation, we can clearly see that the number of bitcoin users and the number of bank users still have a huge difference, most people still lean toward the bank, bank reputation is still the number one in the minds of so many people. Therefore, I have reason to believe that the bank has nothing to fear bitcoin, it still can not pass and replace the bank, the problem that big banks worry about bitcoin is that they are afraid they will not be able to adapt and work with bitcoin in the future when the technology of bitcoin is too new and they are lacking in technology to respond in time
Yeah right. The very reason, because crypto currency still unsafe when it comes for money security, what I mean is the ammount of your money when you put it in crypto still no assurance that the profit will continue that is why practical speaking majority will choose bank to invest their money although there is no high big profit. Second is the advance technology of bitcoin that cause fear to the bank.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: J Sykes on May 02, 2018, 03:59:55 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

I think you made a perfect case for why banks are scared to be honest. We should also remember "Satoshi Nakamoto" referenced the 2008 bailout of the banks in the famous genesis block so right from the off there is a theme in crypto of being outside of the traditional banking institution. Some say this was just a reference to the date but I don't buy that spin for one second. To me it was a clear indication that this was supposed to act outside and independent of the broken banking system


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Hovhannes on May 02, 2018, 04:52:47 PM
Because they are afraid, this is a direct threat to their existence. They believe that decentralization is a threat to them, because investors will invest more money in bitkoyn, there will be an outflow of capital.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: swapblocks on May 02, 2018, 06:53:36 PM
yep it's not just BTC, but the blockchain tech is allowing for financial markets to govern themselves more efficiently and operate with increased transparency without relying on trading desks to operate. Not to mention, if crypto tech integrates with POS systems and NFC tech, no one will need deposit accounts. Which would mean the whole system would get turned upside down from there.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Epimetheus on May 02, 2018, 06:54:03 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.
Big banks fear Bitcoin because of its popularity and craziness among people which is directly affect banks progress and profit. Bitcoin provide its user an high-level privacy and their is no need to give full information of sender and receiver in order to complete a transaction through Bitcoin. This thing attract more people to use this and this thing affect affect banks in different way. Bitcoin provide its user an uninterrupted money transaction facility in which no third party involved and banks doesn't provide such facility to their user. Banks are taking long processing time and also change high transaction fee where as bitcoin doing exactly opposite of this. These above advantage of Bitcoin put negative affect on banks  :-*


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: shield132 on May 02, 2018, 07:16:22 PM
To all of you who thinks that banks are afraid of bitcoin and they fear of it: Does enemy tell you it's weak point? Will enemy give a weapon which can destroy or affect itself? No so what banks talk isn't 100% truth and also almost 99% of economists have never/ever told correct prognose on bitcoin's price.
Just tell me, why do some bank offers bitcoin exchange service or partners with bitcoin exchangers if they hate this coin and look it as potential danger?


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Evgenius1283 on May 02, 2018, 07:18:18 PM
It is clear why, because past the big banks begin to swim those very high interest for transfers. which they constantly had and zhidi expense of them, and now boutique is beginning to overlap and this only the beginning of....Nervous, as profits began to decline...


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: network.decentralizer on May 02, 2018, 07:23:14 PM
Because they think that Bitcoin can replace them and they will lose money, people's trust and of course the control. Banks shouldn't be afraid of Cryptos and Blockchain. Technology is growing so fast and banks shouldn't close the door to it. One day they will understand their mistakes and they will learn from them.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Acoje on May 02, 2018, 07:36:52 PM
Many investor are turning away and making big withdrawal on theirs banks to invest on ICOs or Bitcoin, of course they'll panic somewhat since fund circulation on bank will be affected.   


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: inashed on May 02, 2018, 07:41:45 PM
Not only big banks aren't nervous, but digital currency will be used at the fiat currency worldwide.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: CoinFlipKing on May 02, 2018, 07:55:57 PM
One reason is they will lose their competitive advantage market demand with regard to capital markets. There's a few projects out there trying to work on this use case. Polymath is probably the most well-known rn, but I like what swapblocks is trying to do. Here's their ANN post:

https://bitcointalk.org/index.php?topic=3456464.0 (https://bitcointalk.org/index.php?topic=3456464.0)


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: omfg.xekcep on May 02, 2018, 10:09:49 PM
Maybe they want to take this business under their control but they woke up too late. Giant banks are strong but  they are not able to to everything they want. Just remember lehman brothers.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: xeqoRameshAxueamExaqana on May 02, 2018, 10:15:33 PM
bank's is never nervous about bitcoin
because bank not competitior about bank bussiness, if say bank nervous i think only assumption


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Nissan-GTR on May 02, 2018, 10:25:41 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.

Thats true and traditional banks were afraif for the existence of this blockchain platform due to the fact that this is decentralized ,usually people nowadays were born with lesser patience than before and I think it also affect the fact that we was encouraged to used and be inbolve in Bitcoin than in those banks that offers indeed a huge amount of investment but truly low price of interest. They didn't see it coming, that a simple currency before was the main way that numerous people nowadays earn better.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: missmaria on May 02, 2018, 10:28:20 PM
I think that it's kinda obvious, they are used to control finances, but actually they don't control crypto sphere.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: MiukoOk on May 02, 2018, 10:29:30 PM
Because they are afraid of losing a large number of customers, at present some investors have withdrawn capital from banks to invest in the CRYPTO market. and some businesses they have issued ICO to raise funds without having to borrow from the bank. So the bank is currently suffering from the loss of a huge number of customers.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Bonsaiav on May 02, 2018, 10:53:34 PM
They're nervous because bitcoin's a tough competitor for big banks, small banks, and central banks. For most people including myself, the presence of bitcoin has educated most people to think smarter. So it was born a thought that the banking system is outdated when compared with bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Pejoh Asu on May 02, 2018, 11:00:14 PM
I think this is a matter of competition, we all know that the main business of the banks is to raise money for third party use to finance business and they charge more than 2% per month while they only give 0.5% monthly interest to the customers, the presence of bitcoin will certainly change all things that make everyone prefer to keep money in bitcoin and this threatens their business.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: genocide on May 02, 2018, 11:08:14 PM
Big banks are so nervous about Bitcoin because it may be a threat to financial stability as they gain wider use. Bitcoin is use and is being embraced by some company with plans to offer trading in the currency's futures, which is drawing interest and some concern from regulators.





Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: whitecaramel1 on May 02, 2018, 11:16:57 PM
ı think crypto currency will be a threaten to real currency, and bank is holding the real currency, they are afraid of losing their currency's value. So maybe, bankers are looking crypto currency as a threaten to them.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Tenderino on May 02, 2018, 11:19:48 PM
I doubt that banks are really nervous about bitcoin or other crypto currencies, because the banks are backed by the governments while crypto currencies are not! Crypto currencies can only run separately to the fiat money system, because the fiat money system users finance the state budget of a country. And the history has shown that governments and economy highly rely on endless money printing to finance everything.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: romeo23 on May 03, 2018, 03:11:18 AM
Banks are still extremely oblivious to how powerful Bitcoin (and all other virtual currencies for that matter) is and how it will eventually start to prove their business model as obsolete.Banks fear bitcoin, because they see its potential. Many banks have looked into the blockchain technology and are trying to replicate it...purely because the technology is so powerful and out-does all banks by people preference by far. The only reason bitcoin has not taken over yet, is because of the peoples unawareness of it.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cryptojac17 on May 03, 2018, 03:43:39 AM
Banks are still extremely oblivious to how powerful Bitcoin (and all other virtual currencies for that matter) is and how it will eventually start to prove their business model as obsolete.Banks fear bitcoin, because they see its potential. Many banks have looked into the blockchain technology and are trying to replicate it...purely because the technology is so powerful and out-does all banks by people preference by far. The only reason bitcoin has not taken over yet, is because of the peoples unawareness of it.
The reason why  banking system  in  threatened  by bitcoin because of the  peer to peer transaction and decentralized system. The centralized system of banking system is  the bread and butter of banking system in which they are the one who will market your money and asset and only part few percent will go back to the depositors they  serve as a third party who  will control your money.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Kizaki on May 03, 2018, 05:16:34 AM
Banks are scared of cryprocurrency when it became very valuable and can be converted into fiat. Since most people who save their money in banks for little interest opted to invest in crypto instead since it is secured, convinient and volatile. They choose to invest because they can earn more money through it, since then only few people use bank as a security for their money. That is also the reason why they are scared because time might come no one will use banks anymore.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: KennyR on May 03, 2018, 05:24:52 AM
Banks were not that nervous about bitcoin and the cryptocurrency, because they have the support from the government through which at any instance they can eliminate or suppress the use of cryptocurrency. Now banks were with plans to create their own blockchain for the successful functional needs.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Ryanpogi on May 04, 2018, 01:55:55 PM
thanks to our questions, now I'm not sure what Big Banks are so Nervous About Bitcoin? much more comments here. so thank you.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Samtob4 on May 04, 2018, 08:58:48 PM
bitcoin is getting more popular due to  that a popularity of a bitcoin and its advantage as an electronic currency such as security and fast money circulation, with that many investor prefer to invest there money in bitcoin


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Tylev on May 04, 2018, 09:18:46 PM
In general, banks are not afraid of crypto currency, including bitcoin. They have nothing to fear from crypto currency, because banks are an indispensable attribute of every state. While there are states, banks will exist. Nervous about the crypto currency is not banks, but bankers, because being worthy rivals to banks, bitcoin and other crypto currency is taking away their clients from bankers. Therefore, bankers receive less profit. Because of this they are nervous. At the same time, they also understand that crypto currency has huge advantages over conventional money and is based on advanced blockchein technology, and the SWIFT-banking method for transferring money in comparison with this technology is very outdated.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: pallang on May 05, 2018, 01:00:14 AM
Banks has no fear about bitcoin it's only the fake news that trigger the rivalry between this two because we all know that banks had already active since the beginning people are already familiar in having their transactions through banks so no need to worry about bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: weblouartisan on May 05, 2018, 01:58:50 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

They are afraid that most of the people in the future will focus on investing in cryptocurrency and if people will just turn their side against banks then there is no doubt that banks will fail to have supply of money and they will lose their own business.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Pinoyfan on May 05, 2018, 02:32:23 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
The 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.

i think banks are afraid in bitcoin and other cryptocurrencies because bitcoin and other cryptocurrencies are so convient to visit. and you can create a wallet easily. in my experience i first create a bitcoin wallet before my bank account. its funny but its true. actually im planning to transfer all of my money in my bitcoin wallet cause in my bitcoin wallet it makes a profit easily. just a couple of minutes.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Ca.ming14 on May 05, 2018, 02:36:56 AM
Banks are nervous about bitcoin because of it's capability to compete with fiat money and so for bitvoin has a lot of supporters including other countries.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: setialovers on May 05, 2018, 05:39:04 AM
Banks should be afraid with bitcoin or others cyprocurrency. Cryptocurrency can eliminate intermediaries like banks. For example, we dont have to open bank account if we can open bitcoin wallet without fee anytime we want and we dont have to provide our IDs.
After we made wallet, we can make transaction thru internet with somebody all around the world and transfer with lower fee than banks fee. Our transfer is fast and its instant transfer because just a minute they receiving our bitcoin


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: paul gatt on May 05, 2018, 05:55:28 AM
Banks worry about bitcoin for a variety of reasons. If bitcoin becomes an official currency, banks are required to accept bitcoin transactions. Electronic money exchange is worried because the price of bitcoin is different each time. Banks incur a loss if they import bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: qwertyup23 on May 05, 2018, 06:02:17 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 reason on why banks see bitcoin as a threat is deu to the payment system it provides to users. As what you mentioned, the existence of bitcoin eliminates the need of a person to transact personally to another through the use of banks. Another thing, banks are also businesses present in every country and their main goal (like any established business) is to earn money. The existence of bitcoin has influenced a lot of individuals to invest money on a non-regulated source which makes banks irrelevant in the picture. This may also potentially disrupt the equilibrium in the money supply in the market.

ı think crypto currency will be a threaten to real currency, and bank is holding the real currency, they are afraid of losing their currency's value. So maybe, bankers are looking crypto currency as a threaten to them.


A currency's value is determined upon the number of gold reserves a country has. Factors such as inflation, money supply and demand, economy etc. are also some determinable sets that affect one's value of currency. Cryptocurrency, specifically bitcoin, cannot replace the traditional paper money yet as countries have their different economic and technology level.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: roll on on May 05, 2018, 07:39:42 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
Banks are getting nervous because our force is getting stronger, and better. Many of us are using bitcoin to be more intelligent to ear money bit by bit.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Sled on May 05, 2018, 01:25:14 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
Banks are getting nervous because our force is getting stronger, and better. Many of us are using bitcoin to be more intelligent to ear money bit by bit.
Bitcoin is simply a destroyer for the banks and that is the reason why the big banks are now getting nervous because just like what you said, we are getting bigger and sooner than later we will see more adoption from people that will give mo chance for bitcoin to last for a longer time and as the people keeps on growing in bitcoin then the banks will get a lower amount of interest from people.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: eroejoe on May 05, 2018, 01:41:26 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.



You made great points on reasons why banks are nervous. Banks and similiar institutions now are trying to get involved in this whole thing by pumping money in it, so we can made profits because of their fear to lose their money and power. The biggest wealth distribution ever. Bitcoin is revolution.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Tungsten-1 on May 05, 2018, 09:38:06 PM
Banks has no fear about bitcoin it's only the fake news that trigger the rivalry between this two because we all know that banks had already active since the beginning people are already familiar in having their transactions through banks so no need to worry about bitcoin.
Banks are primarily used for the sake of keeping your money safe and that to perform different kind of transactions. The survival of the banks is no doubt in danger and that the only reason behind that is all the crypto currencies can help the people in meeting all their needs and above all, it is also helping them in gaining more money because of the rise in the market value of the crypto coins.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: bncbnc on May 05, 2018, 11:31:17 PM
Banks has no fear about bitcoin it's only the fake news that trigger the rivalry between this two because we all know that banks had already active since the beginning people are already familiar in having their transactions through banks so no need to worry about bitcoin.
Banks are primarily used for the sake of keeping your money safe and that to perform different kind of transactions. The survival of the banks is no doubt in danger and that the only reason behind that is all the crypto currencies can help the people in meeting all their needs and above all, it is also helping them in gaining more money because of the rise in the market value of the crypto coins.
In fact people are now changing their strategies, they are now trying to invest their money in online business and therefore they are giving more preference to keep their money in online wallet which is more easy for them to use for their different purposes, i think that the use of online currency will increase too much which will defiantly effect the banking system.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Et Hereum on May 06, 2018, 08:46:23 AM
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: Noelbetty12 on May 06, 2018, 09:02:26 AM
If bitcoin is interfering with banks processes and sales maybe they have something to fear of. Yet I don't think banks are so affected because if they do certainly most of them could have been closed right now. Banks exists and gains profit from the loans many people got into. I haven't heard about loans so far in the cryptoworld. I heard that there are banks but there are no existing business that offers this.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: YED on May 06, 2018, 05:10:07 PM
Big Banks want to destroy Bitcoin before it destroys them :'( :'( Bitcoin has the potential to become a new currency, free of the control of big governments and big banks.That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges, as the Chinese government has announced recently, crushing cryptocurrencies.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: sumanto on May 06, 2018, 05:17:41 PM
of course the bank is very frightened by the bitcoin because I think if there is a bank then it is definitely the bank will not be used much more for some communities because there are already bitcoin that can replace the function of the bank.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: dinar99 on May 07, 2018, 08:43:34 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

The big banks are so nervous about bitcoin because 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 They will afraid that many high investors will investing to bitcoin. So, The big banks should addopt the crypto technology for their banks or create a new crypto.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Barrett Thomas on May 07, 2018, 09:22:15 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: kucing69 on May 07, 2018, 09:29:03 AM
It may just be that big banks fear that bitcoin is going to beat him.
The more people who use the bitcoin might someday in the future people will prefer the bitcoin as means of transaction and the currency in some negarapun not enacted again and banks will go bankrupt.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: mimienamphine on May 07, 2018, 09:35:16 AM
Why won't they be nervous?They will be because banks are very greedy.And greedy men are about to lose their source of income which will be directed into bitcoin to benefit all and sundry.Banks cheat people to be rich.One day when every individual come to understand the cheating activities of banks and start to look at cryptocurrency as the best option,all banks will definitely collapse with no exception.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: CryptoMauren on May 07, 2018, 10:19:45 AM
Because the presence of Bitcoin and other digital assets can disrupt the stability of the national financial system. Bitcoin creates the risk of financial system stability in the event of a bubble burst, as there is an interaction between the virtual currency and the real economy.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Ryker1 on May 07, 2018, 10:20:51 AM
Big banks are very nervous? Why? It is because bitcoin is like them, but in bitcoin you'll earn profit even though you will put or transact your money on it. Unlike in banks, when you transact it there, the value of the money will only get less as the year goes on, and they only have a little interest in it. In bitcoin as year goes on, you might not be able to tell the price and profit you'll earn, it might get up high tomorrow, next week, or even, next month. They are afraid that bitcoin might dominate the world, and in the future it might turn out that we'll use virtual currency and there will be no need for them.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: diva.man on May 07, 2018, 11:09:46 AM
Bitcoin payments have been accepted, potential space for appreciation and a new generation of investors.

The fact that bitcoin and its transactions are not regulated at the moment, compared with Banks that are still heavily regulated by the government, has a strong competitive edge, which is what makes banking nervous.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: lexiaalexin on May 07, 2018, 08:22:17 PM
Staley’s rebuttal echoes that of Goldman Sachs’ CEO Lloyd Blankfein in January, who put an end to similar speculations that the New York bank would set up its own cryptocurrency trading desk. Goldman Sachs has - reportedly “inadvertently” - owned a stake in a Circle-owned crypto trading desk since 2015.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: logicgate on May 07, 2018, 08:32:22 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
Banks are getting nervous because our force is getting stronger, and better. Many of us are using bitcoin to be more intelligent to ear money bit by bit.
  About banks, the disruption happened and is happening more and more as the Bitcoin is on the increase trend and people are accepting it due to its features and easiness it is bringing towards them. Banks are feared and scaring from the Bitcoin as their works has been disrupted by Bitcoin as people like Bitcoin instead of banks what the banks are expecting. Bitcoin is more responsive than banks and that is why people are choosing it.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: aaronaaronic on May 07, 2018, 08:35:42 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Chicksteen on May 07, 2018, 09:45:29 PM
Banks has no fear about bitcoin it's only the fake news that trigger the rivalry between this two because we all know that banks had already active since the beginning people are already familiar in having their transactions through banks so no need to worry about bitcoin.
Banks are primarily used for the sake of keeping your money safe and that to perform different kind of transactions. The survival of the banks is no doubt in danger and that the only reason behind that is all the crypto currencies can help the people in meeting all their needs and above all, it is also helping them in gaining more money because of the rise in the market value of the crypto coins.
In fact people are now changing their strategies, they are now trying to invest their money in online business and therefore they are giving more preference to keep their money in online wallet which is more easy for them to use for their different purposes, i think that the use of online currency will increase too much which will defiantly effect the banking system.
even investors put their money more in investments, they would like to put their savings and profit not on online wallet but in more safer place which is banks. Banks will never lose its role in the world even digital money exist and also online wallets. There are more fraud and scam in the internet and hackers are there everywhere.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Mazand on May 07, 2018, 09:55:09 PM
Just because big part of existing and potential clients may be lost as a source of profit. And having competitor with cheaper service they will have to lower the fees for their services. That's way they support controlled Ripple.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: hroub on May 08, 2018, 01:58:06 PM
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.

You are still using this stolen Bitcointalk account.

Stop your BS posts and return it to it's rightful owner immediately!!!

Bitcointalk accounts are free and there is no reason to steal or buy a stolen one!

Go get your own!!!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Nylesor on May 08, 2018, 02:14:03 PM
I think bans are nervous about bitcoin because more and more people are now using bitcoin. And more people are investing their money in bitcoin instead of depositing it in banks. Wherein we all know that banks are being alive because of peoples deposit or savings which they use to earn income.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Babyrica0226 on May 08, 2018, 03:50:34 PM
Because in Banks, they ask a lot of requirements to their clients before putting their money in the bank. While, if people will do savings using

Bitcoin they can do it easily without giving any important documents compare into Banks. so, that's maybe one of the reason why some other

bank are nervous about it due to their client might get decide to full out their savings and transfer it into bitcoin because it is much safer than

any bank in my opinion only.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: centation on May 08, 2018, 04:43:23 PM
Regulators are trying to play catch up with Bitcoin and other cryptocurrencies, realising now that it’s not going away. In fact, it is challenging their monetary system which is intrinsically linked to banks, and especially central, government-backed, banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ignitary on May 08, 2018, 05:00:56 PM
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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ov3rflow9x on May 15, 2018, 10:42:34 AM
I think that's not possible for real life. You should stop think that the world currency will end up by start of cryptocurrencies, that's not how ot suppose to be.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: jakoylantern on May 15, 2018, 01:25:19 PM
For me, big banks are not so nervous about bitcoin because they are the most trusted and most famous of all. Yes, bitcoin is now getting very expensive, and the community of it is growing, but even I have a bitcoin I still have a bank account because in our country there are only a few establishments that are accepting bitcoin as a payment or as real money. Also, banks are much legal and much trusted by many people. If bitcoin become legitimate and acceptable by many states, I think that is the time that you can say that banks are so nervous about bitcoin because we all know that bitcoin’s capability is superb compared to some banks.  :)


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: campica on May 15, 2018, 06:42:42 PM
Banks are nervous about bitcoin because they don't have benefits from bitcoin right now and as you can see we talking on bitcoin market worth $145,161,002,229. Everyday we are step closer to use bitcoin for daily payment and if that happen in future, we will not need a banks for transaction.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: venlo on May 15, 2018, 08:53:33 PM
Bitcoin can ultimately make the world banking system unnecessary. Banks system become more and more outdated with the years. I think this is their main concern.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Chrisjay29 on May 16, 2018, 02:41:24 AM
Maybe they scared that there bank will be closed. If bitcoin will be known in the world. Because if think about it ita better to put your saving in bitcoin than a big bank. Because the interest of bitcoin if it will it can triple your profit in just 1 month or year. Thats how bitcoin powerful than bank.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Vaskiy on May 16, 2018, 02:51:32 AM
Even now the large volume transactions were happening through bitcoin. In this way it will easily attract the user community who has been using banking services. Another thing with the existence of bitcoin banks have faced a large profit loss and the technology too is highly appreciated which seems to be the cause for the fear of big banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Arata on May 16, 2018, 03:27:20 AM
Because the presence of bitcoin felt to get rid of the existence of the bank .. Why? It's all because transactions through bitcoin no longer require a third party, like a bank. That is why today many central banks are firmly denying the existence of bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Rustamm on May 16, 2018, 05:30:36 AM
Bankers, of course, will be nervous. Crypto currency provides an almost completely independent alternative system, competing with banks. Crypto-currency takes away a part of their clients from banks and bankers suffer losses, or, rather, their profit decreases. This explains the comparatively sharp negative attitude of them to the crypto currency. In addition, banks have made a different and more conservative approach to money. The Crypto currency completely changes the attitude to the essence of money and their ability to use between people for transmission over long distances without the intervention of a third party. Bankers are aware that this gives people more financial freedom, so they are against the crypto currency.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: srmecdes on May 16, 2018, 05:33:41 AM
because of after decentralization we do not need bank and they will loss your market.. we do not need banks for money transfer.. it is perfect for us :)


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Nylesor on May 16, 2018, 01:38:18 PM
Big banks are nervous about bitcoin because many are patronizing bitcoin and making their online transactions through bitcoin instead of using the banks online facility, which was still limited because of the regulations and securities imposes by the bank. While in bitcoin people can easily make transaction without being limited by the regulations and policies.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: trand on May 16, 2018, 09:07:58 PM
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.

You are still using this stolen Bitcointalk account.

Stop your BS posts and return it to it's rightful owner immediately!!!

Bitcointalk accounts are free and there is no reason to steal or buy a stolen one!

Go get your own!!!

No one really cares about your post. Try to make it on META or post it on the reputation thread in bitcointalk.
Hope that you can get your account back if the account is really yours


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Brookie on May 16, 2018, 10:29:55 PM
One of the reasons that is frightening is that banks are afraid of the bitcoin competition and in the end they ask the government to ban bitcoin in the country. So that the bank can still be used in that country.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Dark Sky on May 16, 2018, 10:52:25 PM
One of the reasons that is frightening is that banks are afraid of the bitcoin competition and in the end they ask the government to ban bitcoin in the country. So that the bank can still be used in that country.
Yes banks are very afraid from bitcoin because they think that everyone used bitcoin and everyone invest in bitcoin very easily so that's why one day bank's account will empty and bitcoin account will full but banks are wrong because everyone want to invest in bitcoin but basically they save in bank and their business dealing and bill paying are support through banks and that's why bitcoin is also a business where we are earn and invest  and then gets our profit with bank.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Untitled01 on May 21, 2018, 08:33:29 PM
Of course banks are worried, they are practically making money from the air. If they are replaced by a decentralized crypto currency, this will be the collapse of the whole industry.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Watchy312 on May 21, 2018, 09:01:38 PM
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: bizarro on May 21, 2018, 09:03:51 PM
I think this is obvioua, why they are nervous? Because, if the Bitcoin system will be established, they would be forced to change or go


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: btctestcolets on May 21, 2018, 09:12:12 PM
I don't believe that big banks are afraid of bitcoin as a big threats to banking system because they have there own marketing strategy of managing money to customers and investors, and perhaps, if bitcoin will dominate the new system i think many years have to funder that system together with government regulation.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Oto3 on May 21, 2018, 09:14:11 PM
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: poplolnman on May 21, 2018, 09:54:36 PM
Even now the large volume transactions were happening through bitcoin. In this way it will easily attract the user community who has been using banking services. Another thing with the existence of bitcoin banks have faced a large profit loss and the technology too is highly appreciated which seems to be the cause for the fear of big banks.
I'm not sure if I can get your point , but the thing that become bank attention are about how the decentralized system could make their loyal customers leaving time after time.
Yeah they are fear losing the money stored there , other than that banks confident enough to see crypto growth going much slower than ever , especially in this early year.
People become so frustrating , impatient and then back to believe that crypto has no future , simply crypto aren't a big threat for banks, at least for now.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: queenlaurel on May 22, 2018, 08:35:32 PM
They have to be nervous because it is not within their reach to control. They don't have a say in it, that is why you can't see them accepting it. Bitcoin will take away the percentage they earn from fiat by taking it from other people's fiat. Bitcoin will make them close up if everyone gets involved.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: normanderecho on May 22, 2018, 09:55:38 PM
They have to be nervous because it is not within their reach to control. They don't have a say in it, that is why you can't see them accepting it. Bitcoin will take away the percentage they earn from fiat by taking it from other people's fiat. Bitcoin will make them close up if everyone gets involved.




I think big banks scared on bitcoin because of many persons invest it and bitcoin will become so popular around of the world and we know bitcoin will only themeself to improve the price without government and i think there a chance will replace the bitcoin the bank on the future because of people using it.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: jaocoincrypto18 on May 22, 2018, 10:09:49 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.

Indeed. In addition, their clients are reducing because instead of clients will invest to banks supported projects and investments they are investing now in Bitcoin in which  banks cannot get profit from it but maybe things will soon will change because JP Morgan is now on fully support of Bitcoin investments in which he is the known banker business tycoon and a former Bitcoin critics.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: rimueng agam on May 22, 2018, 10:13:08 PM
Maybe banks are nervous about the existence of bitcoin due to the presence of Bitcoin potential loss of customers owned by banks because the bitcoin can also be used as a place to store that although dibitcoin this security is not guaranteed one hundred percent but there are already choosing to save in this bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: hodlftw on May 22, 2018, 10:14:33 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.

Indeed. In addition, their clients are reducing because instead of clients will invest to banks supported projects and investments they are investing now in Bitcoin in which  banks cannot get profit from it but maybe things will soon will change because JP Morgan is now on fully support of Bitcoin investments in which he is the known banker business tycoon and a former Bitcoin critics.
Building on that, if more users choose to opt into the Bitcoin network and opt out of the traditional banking system, then they will have less resources to use. They won't be able to lend as much, and in the same breathe they will have to adapt or fear going the way of the dinosaur.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Rarahumaira on May 22, 2018, 10:17:56 PM
That is a simple thing, because they do not want to be rivaled by bitcoin. Because bitcoin has a better advantage than existing banks. Thus the fear arises.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: MacStone on May 22, 2018, 10:40:08 PM
Banks are not nervous about bitcoin, and people need to stop being so paranoic about those threads, there is nothing that is making banks feel paranoia, i do not understand why there are a lot of people that think that bitcoin is killing them.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: liseff3 on May 22, 2018, 11:09:04 PM
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.

Actually NO!, if the bank doesn't mind and willing to facilitate the place or container for the exchange of crypto type it feels very wise especially if they can combine it with their fiat, then the bank will also benefit from "Transaction Fee "which have been issued by crypto users.

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.

Every individual has the right to judge something, according to his ability in seeing the phenomena, which occur around him.

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.

Most of the people assume as you say, because banks have the full support of the government, so they are more free to strangle their citizens with various types of loans and debts.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: naily on May 23, 2018, 03:40:53 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

The big banks are so nervous about bitcoin because 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 They will afraid that many high investors will investing to bitcoin. So, The big banks should addopt the crypto technology for their banks or create a new crypto.


Banks are well aware of this fact that cryptocurrency is increasingly popular and support is gradually leading to a decrease in their customers. Without customers, no business can survive. Whenever an entity senses some kind of threat from another entity, the former becomes afraid of the next. It is very clear and understandable.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: yanlap on May 23, 2018, 07:55:07 PM
They have to be nervous because it is not within their reach to control. They don't have a say in it, that is why you can't see them accepting it. Bitcoin will take away the percentage they earn from fiat by taking it from other people's fiat. Bitcoin will make them close up if everyone gets involved.




I think big banks scared on bitcoin because of many persons invest it and bitcoin will become so popular around of the world and we know bitcoin will only themeself to improve the price without government and i think there a chance will replace the bitcoin the bank on the future because of people using it.
The only thing which is adding up this much of the worries for the banks is that both the banking system and the crypto currencies are meant for keeping the money safe. However, the only difference is that investing in the crypto currencies also gives you an opportunity that you will able to make more money and that this is the point where banking systems lacks behind, thus making the crypto currencies much better option.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Yunbalo on May 23, 2018, 10:26:41 PM
They have to be nervous because it is not within their reach to control. They don't have a say in it, that is why you can't see them accepting it. Bitcoin will take away the percentage they earn from fiat by taking it from other people's fiat. Bitcoin will make them close up if everyone gets involved.
In general BTC has dominated the monetary market of banks, investors have been gradually transferring money to invest in BTC. Some people like to invest in risk they have withdrawn from the bank and buy BTC, some people are afraid of risk and they still follow the bank. But most of it is to abandon the bank to Crypto.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ov3rflow9x on June 01, 2018, 10:32:57 AM
In my opinion, why would you to the bank firstly? For make sure about your money is in safety? Or you just wanna invest in and grow with low percents earnings for time manner?


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cardo on June 01, 2018, 10:40:55 AM
Banks afraid Bitcoin existence because of this popularity and the use of bitcoin is very interesting like being anonymity for every transaction we made fast and secured with no hassle and can send transaction overseas banks nervous in bitcoin cause people probably invest there money in btc than saving in their banks when people have knowledge in btc.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Elmughni on June 01, 2018, 10:48:47 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

Big banks are so nervous about bitcoin because Bitcoin is so popular and profitable. I think alot investor will accept bitcoin soon.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: tikanurqaidah on June 01, 2018, 11:25:51 AM
investor interest in the digital currency is getting stronger when compared with the banking sector is completely opaque. digital currency can be a good tool to hedge your investment value against inflation risk. Bitcoin may be a threat to the easy money bank, but it does not pose an existential threat to the system,


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Hirameki on June 02, 2018, 03:45:43 AM
I don't believe that big banks are afraid of bitcoin as a big threats to banking system because they have there own marketing strategy of managing money to customers and investors, and perhaps, if bitcoin will dominate the new system i think many years have to funder that system together with government regulation.

You should believe it dude. The existence of bitcoin up to date only proves that the financial industry could be better and can operate even without the banks. Almost all of the banks services can do by bitcoin and as matter of fact, it is much cheaper than them. The only hindrance for a business to accept bitcoin is the volatility which enjoy by some traders.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: dyablo on June 02, 2018, 05:05:39 AM
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.

Big banks are so nervous about bitcoin because their biggest depositors might decreases. They are afraid that many of them may withdraw their money and turn into bitcoin investment because of a very innovative technology and advantages given by bitcoin. And they are afraid that people will never use a bank anymore.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: nebiki on June 02, 2018, 05:19:08 AM
because if I think big banks are afraid of the bitcoin is that they are afraid that people who often invest in their bank is on the run to move bitcoin, because bitcoin is a very good investment place and promises really for the profit that will be in


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Darker45 on June 02, 2018, 05:21:56 AM
Indeed, banks have all the reasons to get nervous. The world is slowly turning against them. Gone are the days when they are the ones dictating everything in the world, from whether the poorest of the poor will live another day or not, to who will rule a certain country. That is how influential banks used to be. And with such a huge power in their hands, they only made the world a lot worse than it was without them. Time for a big change!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: dongyi17 on June 02, 2018, 11:49:52 AM
Bink banks are afraid about bitcoin because if people, and investor are become interested in bitcoin and choose to invest in them, save and use them they will losing clients and investor and also they have no power over it, they cannot control it, and they might withdraw all their money and put it into bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: NyLymZbl on June 02, 2018, 11:55:08 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: Jake Virus on June 02, 2018, 12:15:54 PM
Banks are not nervous about bitcoin, and people need to stop being so paranoic about those threads, there is nothing that is making banks feel paranoia, i do not understand why there are a lot of people that think that bitcoin is killing them.

I think some banks are so nervous about bitcoin because many investor is having a big interest on cryptocurrency including on bitcoin, and in that way banks knows that a lot of people or investor will put there money in bitcoin rather than putting it on the banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: sangungaji on June 02, 2018, 12:37:45 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

Of course, Bitcoin is more popular than big banks. The investor can accepts bitcoin to invest their money. It the reason bigbanks are so nervous about bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: abayan on June 02, 2018, 12:50:19 PM
Banks are not nervous about bitcoin, and people need to stop being so paranoic about those threads, there is nothing that is making banks feel paranoia, i do not understand why there are a lot of people that think that bitcoin is killing them.

I think some banks are so nervous about bitcoin because many investor is having a big interest on cryptocurrency including on bitcoin, and in that way banks knows that a lot of people or investor will put there money in bitcoin rather than putting it on the banks.
This enters the difference between banks and bitcoins it not that people will chose to use bitcoin rather cryptocurrency it is an investment and to be able to protect their money they will put it in a banks. Furthermore, those whonknows to keep safely their money through hardwares and wallets may leave their money there instead of banks and still banks use a fiat money that is use as an exchange to buy things. They are not afraid of this because they are making money so before it happens they have a plans to upgrade the services by using crypto.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Kakawate on June 02, 2018, 01:14:51 PM
Everyone on the cryptoworld or maybe most of them are saying this about banks, that they are afraid of what this new technology (cryptocurrency)is about to bring to them, but in my opinion, banks and money are always in good terms, now cryptocurrency is a form of money, so in my opinion, cryptocurrency and banks will have a good relationship in the future.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: BurakTurk on June 02, 2018, 01:17:04 PM
I think that's not possible for real life. You should stop think that the world currency will end up by start of cryptocurrencies, that's not how ot suppose to be.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: soenaderecho10 on June 02, 2018, 02:09:42 PM
I think that's not possible for real life. You should stop think that the world currency will end up by start of cryptocurrencies, that's not how ot suppose to be.




Big banks nervous on bitcoin because theres possibility that banks will replace on bitcoin because of the price is fast to rise and theres possible the money of bank will reach on bitcoin and many persons trust on bitcoin because its safe to earn a money on bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: seven2smoke1 on June 02, 2018, 02:16:08 PM
Everyone on the cryptoworld or maybe most of them are saying this about banks, that they are afraid of what this new technology (cryptocurrency)is about to bring to them, but in my opinion, banks and money are always in good terms, now cryptocurrency is a form of money, so in my opinion, cryptocurrency and banks will have a good relationship in the future.
Maybe at the end banks will support cryptocurrencies and bitcoin in general, so we should hope for the best, because of the technology development these days, I think the crypto world will grow so much over the years, so the banks will be obligated to adapt to that and accept cryptocurrencies, and why not to support it.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: MusicManPL on June 02, 2018, 02:40:59 PM
Bitcoin is a verdict for the banking system. No one can control bitcoins so banks and nervous


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: yusupjatigumilar on June 03, 2018, 06:46:44 AM
because they are worried that their customers will move on to bitcoin, because many of the advantages offered by bitcoin when making transactions are there is no limit of distance, time and amount in transactions and with transaction costs close to 0 (zero)


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Baronggot on June 03, 2018, 04:37:59 PM
Because once bitcoin and cryptos will step on the spotlight, banks will surely get nothing from charges they usually get on every transaction made on their banks like money transfer to cross border or country. You can think of it like what eMail did to the postal business in the advent of technology.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Mylove risa on June 04, 2018, 02:05:25 PM
because if I think big banks are afraid of the bitcoin is that they are afraid that people who often invest in their bank is on the run to move bitcoin, because bitcoin is a very good investment place and promises really for the profit that will be in

Big banks will be really nervous about the rising global acceptance of bitcoin. They worry that bitcoin is decentralized and people want it. Bitcoin as a virtual currency that does not require a third party for the transaction is very meaningful to the bankers, in the end these bankers will lose their jobs in the next few years.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Danlopz on June 04, 2018, 02:16:28 PM
Because once bitcoin and cryptos will step on the spotlight, banks will surely get nothing from charges they usually get on every transaction made on their banks like money transfer to cross border or country. You can think of it like what eMail did to the postal business in the advent of technology.

Big banks will be really nervous and worried in connection with the rising global acceptance of bitcoin. They fear that bitcoin is decentralized and people want it. Banks consider bitcoin as their rival and have become the bankers' worst nightmare.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: andibcoin on June 04, 2018, 02:25:11 PM
in fact major bank banks are not worried about bitcoin. they just want to take part in the big crypto market with the aim of taking advantage for themselves.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: elkafee79 on June 04, 2018, 02:31:00 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

Why Big banks are so nervous about bitcoin because many investor will invest their money to crypto. It is the reason.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: crazyavdik on June 04, 2018, 03:13:06 PM
One of the reasons that is frightening is that banks are afraid of the bitcoin competition and in the end they ask the government to ban bitcoin in the country. So that the bank can still be used in that country.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ekalak manjeng on June 04, 2018, 03:43:00 PM
maybe they consider bitcoin, If bitcoin or other cryptocurrency is widely applied, the whole banking system can become irrelevant. but it is in accordance with my knowledge contained in the article.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: mersal on June 04, 2018, 04:00:23 PM
maybe they consider bitcoin, If bitcoin or other cryptocurrency is widely applied, the whole banking system can become irrelevant. but it is in accordance with my knowledge contained in the article.

Yes if bitcoin develop all over the world the usage of banks will reduced a lot that's why they got a fear of the bitcoin development so I think bitcoin worth for that.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ov3rflow9x on June 05, 2018, 10:01:13 AM
Sure, the economics has started a long tim ebefore the money hasn't been shaved. Banks exists only for let some people who has more money to hold their savings, they just put it in for protecting.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: yakafi on June 05, 2018, 02:26:54 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

If the big banks are so nervous about bitcoin, I think It is normal. Because Bitcoin is so popular, It is very Profitable. Many investor will invest their money in bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: iMark on June 05, 2018, 02:52:10 PM
One of the reasons that is frightening is that banks are afraid of the bitcoin competition and in the end they ask the government to ban bitcoin in the country. So that the bank can still be used in that country.

I don't think there will be any competition between bitcoin and bank, whereas both have different functions? bank is a place to save money and bitcoin is currency, besides both also can cooperate? the bank may accept bitcoin as a deposit and withdraw option, it's just about time for that to happen, the bank is not that afraid about bitcoin #imo


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: berfanaf on June 06, 2018, 04:43:42 AM
maybe they consider bitcoin, If bitcoin or other cryptocurrency is widely applied, the whole banking system can become irrelevant. but it is in accordance with my knowledge contained in the article.
There is no point of denying this fact that all the crypto currencies are the biggest threat to the existing banking systems as with every passing day, more number of the people are withdrawing their money from the banks and that they are investing that money into different crypto currencies as they think of this to be more beneficial which is seriously affecting the reputation of the banking system.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: prudencetoller on June 06, 2018, 06:22:34 AM
maybe they consider bitcoin, If bitcoin or other cryptocurrency is widely applied, the whole banking system can become irrelevant. but it is in accordance with my knowledge contained in the article.
There is no point of denying this fact that all the crypto currencies are the biggest threat to the existing banking systems as with every passing day, more number of the people are withdrawing their money from the banks and that they are investing that money into different crypto currencies as they think of this to be more beneficial which is seriously affecting the reputation of the banking system.
I totally agree that once people only use bitcoin and other cryptocurrencies, banks won't mean anything and will be on the verge of collapse. Since there is a possibility of this happening in the near future, banks are frightened and they surely want bitcoin to be banned. Since they don't have control over bitcoin, it's hard to ban bitcoin entirely so some government has imposed taxes on bitcoin for fear of bitcoin replacing their currencies.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: 2tf on June 06, 2018, 07:42:39 AM

Banks are nervous because they lose market and are always looking to participate to achieve their intermediation in the market and achieve their share.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: doraegun on June 06, 2018, 08:05:43 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin


Banking business  are losing their income if Bitcoin are permanently operated in the entire country  because there will be a Bitcoin machine   provided in all respective areas  for all user of Bitcoin so Fiat money someday are useless and I think Central Bank of the Philippines here my country should be cooperated when the time Bitcoin is also Primary use for all Filipinos.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: gezhid008 on June 06, 2018, 08:06:16 AM
The big reason is that one of the goals of the BTC is to be the new currency of the digital age. Although now applicable scope is very few, but in some areas, BTC payment has been accepted, and due to the transaction attribute BTC itself, and value-added potential of space, but also by a new generation of investors.

This is no doubt a bad sign for Banks, which seem to be worried about losing their future.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: suraza21 on June 06, 2018, 08:09:01 AM
Big banks are worried about bitcoin as they are afraid of losing control over their current cash flow and, for example, the trend of bitcoin secures lending or direct transactions without the need for banks. Banks lose their income from intermediary transactions


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Lexurdania on June 06, 2018, 11:41:56 AM
Bitcoin afraid by banks or central banks because bitcoin disrupting banks bussiness. Imagine if peoples using bitcoin for transaction thats mean fiat money will useless and not worth anymore.
Beside that, central bank afraid on bitcoin or cryptocurrency because they can not control the supply and the value


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Emma.Watson on June 06, 2018, 12:26:25 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: Altf4 on June 06, 2018, 01:08:44 PM
Big banks are so nervous about bitcoin, because they thought that bitcoin will be there great competetor of the financial investment, we already know that in bitcoin investment is risky but to the point that it has better profits compare to bank, that is why the bank are so worried about bitcoin because they might lost so many clients because of this profit comparison.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Domanity on June 06, 2018, 01:19:27 PM
Perhaps because of the rapid development of Bitcoin, and many people are interested to enter Bitcoin. so the big banks are afraid, this Bitcoin will be their competitor, who will move all the customers of the Bank moved to Bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Tungsten-1 on June 06, 2018, 08:39:36 PM
One of the reasons that is frightening is that banks are afraid of the bitcoin competition and in the end they ask the government to ban bitcoin in the country. So that the bank can still be used in that country.

Central banks of some countries are upset and feeling irrelevant in the presence of crypto market as they are facing with reduction due to the traffic on crypto market. Their businesses are reducing as their policies are less public friendly while that of crypto market is more public friendly due to which people are now going towards crypto market. This does not mean that banks will totally demolish but are facing a little decrease in their businesses.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Triffin on June 06, 2018, 08:52:26 PM

Banks are nervous because they lose market and are always looking to participate to achieve their intermediation in the market and achieve their share.
Big banks are nervous because they have already made business in the transaction of funds across the globe and charging its customers a certain fee that Bitcoin does not and charge only a minimal fee. Due to this reason, the big banks are afraid to loose their costumers to Bitcoin as Bitcoin is more profitable and you can save good time by making transactions from your laptop with full security,


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: nabinkhadka on June 06, 2018, 09:58:24 PM
they should be nervous about btc actually think either they have to integrate blockchain or else news project will disrupt the banks so theya re nervous


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Bonsaiav on June 06, 2018, 10:26:11 PM
Quote
Why Big Banks are so Nervous About Bitcoin ? Why ?

Their nervousness, in fact is due to their own inability to manage cryptocurrency, but they do not want to admit that weakness, perhaps because of prestige or embarrassment, ashamed of having sneered bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Tatsuyashiba on June 06, 2018, 10:27:04 PM
Because banks do not want to be rivaled by bitcoin and banks also know very well that bitcoin has many advantages. Therefore they are more cooperative with the government to spread the negative about bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: peterpeterpeter on June 06, 2018, 11:35:14 PM
No ..not the bigbanks.
And I think small capitals banks are worried because cryptocurrencies can still operate without any helps of banks. And this is the threat why they are afraid on the popularity of btc right now. That's why they  created some groups who spreading false news about BTC. They are making black propaganda.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: YTBitcoin on June 06, 2018, 11:59:27 PM
Because banks do not want to be rivaled by bitcoin and banks also know very well that bitcoin has many advantages. Therefore they are more cooperative with the government to spread the negative about bitcoin.
But they will not get the success and they know well that bitcoin is going more stronger that the struggle of them against bitcoin and they know that the companies related to bitcoin are earning more than them and they know that with the passage of time one after another country come to legalize bitcoin so they are seeing themselves as failing. But they do not think that if they also start to give service for the users of bitcoin then they will also earn a good profit for themselves.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: bizarro on June 07, 2018, 12:05:47 AM
they can think the market is collapsing, but new things is cyclic and they already had their place in the past so don't worry man


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: senin on June 07, 2018, 04:12:58 AM
Crypto currency is a direct competitor to banks, and quite serious and they finally realized this. Therefore, they became nervous and even began to take certain measures to discredit it. On the other hand, bankers see that it is impossible to stop the crypto currency. It enjoys great popularity and support among people and is being prepared for its possible recognition and use in its activities. Moreover, blockchein technology is recognized as advanced and reliable for the safe storage of large databases by most states. Therefore, the banks not only began to introduce the ripple coin into their system, but also after the states of the crypto currency have been legalized, they will have to render various services in the crypto currency.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: fmasta on June 07, 2018, 07:03:22 AM
I think, obviously they are just fearing, that the Bitcoin can take there earnings, that they are having right now!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cahbagus555 on June 07, 2018, 08:42:24 AM
Because banks know very much about this. They are afraid it will be unchallenged by bitcoin and eventually they will be replaced. Because bitcoin has started in knowing many people but there are still many who banned from a country whose majority of government in control by the upper class.

If bitcoin adoption become more wide spread, i think peoples will no need to open banks account. With opening bitcoin wallet, peoples already can make transaction with others with lower fee than banks and much faster


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: MiukoOk on June 07, 2018, 08:51:42 AM
they can think the market is collapsing, but new things is cyclic and they already had their place in the past so don't worry man
In my opinion, they do not think the market will collapse, they fear that as Crypto grows they will take over their customers, people's money will flow into the BTC, and corporations need capital. They raise capital through the ICO program. Thus, the banking system will freeze, and will not work.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Tynovten_ on June 07, 2018, 09:20:37 AM
The only exactly reason is the lack of bank investors. If you compare the profit with crypto is so far away. But right now, there's exchange that accept fiat so it makes some banks alive.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: hatsoff2btc on June 07, 2018, 11:11:49 AM
maybe they consider bitcoin, If bitcoin or other cryptocurrency is widely applied, the whole banking system can become irrelevant. but it is in accordance with my knowledge contained in the article.
There is no point of denying this fact that all the crypto currencies are the biggest threat to the existing banking systems as with every passing day, more number of the people are withdrawing their money from the banks and that they are investing that money into different crypto currencies as they think of this to be more beneficial which is seriously affecting the reputation of the banking system.
Yeah no doubt big banks face big problem with bitcoin investments, because people are withdrawing their money from banks and putting in bitcoin. Everybody wants to make money from his savings and bitcoin is far better than banks. Banks will never get people rich. They only use their money for their profits and people now realize this thing.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: jayyen on June 07, 2018, 12:22:53 PM
I think banks are behaving foolishly. Instead of venturing into crytptocurrency and making new advances because the block chain is here to stay no matter what they are sitting there trying to sabotage. Hehe .it will not work.Banks better shine their eyes and start their cryptocurrency journey now.This is the only way for them to survive in the near future.The central bank in my country has started putting in measures to accept cryptocurrency soon and I think that is a smart move.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: laravuemaster on June 07, 2018, 12:36:42 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

The reason is very simple, most of the people now a days are preferring to invest on bitcoins because if you will be placing your money on the banks, the scale amount of increase is very low and cryptocurrency will be more profitable.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cloudproject on June 07, 2018, 12:41:25 PM
yeah indeed they nervous because they are thingking about the future of the bank main inome itself that come from the intrestest, if there a few people are join in or saving their money on them, it can make them a bankrupt


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Miracleismyidol on June 07, 2018, 02:03:47 PM
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. 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


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: parthgajjar on June 07, 2018, 02:03:55 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.  I think they see this as bad to their system in which people will better take risk than to invest to them in which the interest were very small


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: logan16j on June 07, 2018, 02:04:08 PM
Banks are scared of cryprocurrency when it became very valuable and can be converted into fiat. Since most people who save their money in banks for little interest opted to invest in crypto instead since it is secured, convinient and volatile. For me, big banks are not so nervous about bitcoin because they are the most trusted and most famous of all. Yes, bitcoin is now getting very expensive, and the community of it is growing


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Bitcoincole on June 07, 2018, 02:19:04 PM
Banks are scared of cryprocurrency when it became very valuable and can be converted into fiat. Since most people who save their money in banks for little interest opted to invest in crypto instead since it is secured, convinient and volatile. For me, big banks are not so nervous about bitcoin because they are the most trusted and most famous of all. Yes, bitcoin is now getting very expensive, and the community of it is growing


I think they are not scared rather they are anxious that bitcoin may affect their industry since traditional banking may be outdated due to the potential domination of blockchain where no  strict rules will be implement unlike the traditional banking that has bundle of requirements but with a very minimal return of your money unlike cryptocurrency.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: t2yax on June 07, 2018, 02:25:22 PM
This could be sometimes, banks have the fear on relying bitcoins. Sometimes, profit or income coming from bitcoin sometimes comes from gambling or in illegal use. We see that bitcoin doesnt have yet  security for which we cannot see whether it is illegal or not, we cannot assure that bitcoins are in illegal way. We know that bitcoin is sometimes come from any of websites


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: tepakpak on June 07, 2018, 03:14:39 PM
Can be said the bank is afraid of being replaced with bitcoin. Probably because bitcoin is more promising and many are investing dibitcoin, and banks see that if investment in btc without interest. Maybe that's the main reason.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: fight-T on June 07, 2018, 03:43:43 PM
I think the big banks are afraid that bitcoin will replace them, because bitcoin is really thriving on features as well as profitability.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: nebuch on June 07, 2018, 04:02:07 PM
Basically banks will got nervous about the rapid growth of bitcoin profit. Shocking but we all know the truth that bitcoin is not own by government while banks are own by government. Whatsoever the laws of the country there should have a big relation to banks with bitcoin to its territory. Or maybe those people got sick because of too much drinking of coffee. It should be stop immediately if coffee couldn't help you to focus your mind and fix it until everything is alright by people with banks with crypto.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: JeramiParan on June 07, 2018, 04:46:04 PM
They are afraid of bitcoin because of the fact that number of people is getting large, and people engage cryptocurrency don't need a bank, in a traditional way people use bank as money storage, but now is different, because cryptocurrency has its own wallet and bank might lost there profit.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: sarjilcse on June 07, 2018, 04:50:55 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

I think If all the people adopt and use bitcoin, no wonder the banks will feel nervous about it because there will be no one who needs their service for savings account and for other transactions. Bitcoin is peer-to-peer cash system, where you can send funds directly to the person you are transacting with and you can save your money to an e-wallet.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: doomloop on June 07, 2018, 08:24:53 PM
No ..not the bigbanks.
And I think small capitals banks are worried because cryptocurrencies can still operate without any helps of banks. And this is the threat why they are afraid on the popularity of btc right now. That's why they  created some groups who spreading false news about BTC. They are making black propaganda.
Banks are with new innovations but they are still going down and all its strength has reduced by the evolution and disruption in the market, this disruption brought by the Bitcoin and then other crypto coins. As far as Bitcoin goes the strength of banks will be reducing but will not collapse as banks are also a part of life and play its role which is also necessary. The only reason for the nervousness is the popularity of crypto market and especially the Bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: fmasta on June 08, 2018, 06:27:38 AM
For me this is another insurance about the bright future of Bitcoin, that it would be something great in future!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Fintan Lee on June 08, 2018, 06:32:31 AM
They worry that Bitcoin is taking on the banks. Regulators are trying to play catch up with Bitcoin and other cryptocurrencies, and realising now that it’s not going away. In fact, it is challenging their monetary system which is intrinsically linked to banks, and especially central government-backed banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: patrickj on June 08, 2018, 06:39:01 AM
Huge banks are so apprehensive about Bitcoin on the grounds that it might be a danger to monetary steadiness as they increase more extensive utilize. Bitcoin is utilize and is being grasped by some organization with plans to offer exchanging the money's prospects, which is drawing premium and some worry from controllers.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: VeronAncient on June 08, 2018, 06:46:37 AM
this happens because bitcoin uses blockchain technology, which is able to overcome the main problems of customers ie financial or nonfinancial transactions. so the bank is afraid of losing customers and fear if the customer will withdraw the money then switch to bitcoin for investment.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Vincent Wright on June 08, 2018, 06:50:47 AM
In my opinion, Banks have existed unchallenged for hundreds of years, and that is the key issue here. On the other hand, Bitcoin is backed by a solid platform such as Blockchain technology which is a ghost that is incredibly hard to control due to its decentralized nature.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: santiPOGI on June 08, 2018, 06:55:40 AM
Big banks and all of the banks are FIAT based company,
they are afraid of cryptocurrency especially BITCOIN as this will really affect their economy.
this is a big threat for them, if crypto will be the currency of the future.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ashkanm on June 08, 2018, 06:57:10 AM
They didn't care at first because it had no value.but now 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 the bank will be nervous.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: tbterryboy on June 08, 2018, 07:53:25 AM

Banks are nervous because they lose market and are always looking to participate to achieve their intermediation in the market and achieve their share.
Big banks think that if people withdraw their money with this ratio, their banks will get empty one day and this is the main reason for their nervousness. To look this, banks will also trade in bitcoin and other crypto in the future for their survival otherwise they will have to face big deficits. When they have fewer deposits, their profits will reduce and this is of course nervesable and they should think about it.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Daimon88 on June 09, 2018, 06:12:49 AM
maybe they consider bitcoin, If bitcoin or other cryptocurrency is widely applied, the whole banking system can become irrelevant. but it is in accordance with my knowledge contained in the article.
There is no point of denying this fact that all the crypto currencies are the biggest threat to the existing banking systems as with every passing day, more number of the people are withdrawing their money from the banks and that they are investing that money into different crypto currencies as they think of this to be more beneficial which is seriously affecting the reputation of the banking system.
I totally agree that once people only use bitcoin and other cryptocurrencies, banks won't mean anything and will be on the verge of collapse. Since there is a possibility of this happening in the near future, banks are frightened and they surely want bitcoin to be banned. Since they don't have control over bitcoin, it's hard to ban bitcoin entirely so some government has imposed taxes on bitcoin for fear of bitcoin replacing their currencies.
No doubt these crypto currencies have made the survival of banks much more difficult than any other thing on this planet. I think it is a good thing in some aspects because banks have used a lot of people for their profit by using their money everywhere where they wanted but after the awareness of these cryptos, people seem to make a boycott of these sucking banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: BitcoinMarketer39 on June 09, 2018, 07:00:56 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

Banks are afraid about cryptocurrency and we all know that bitcoins is more profitable than fiat because the price in the market is continuously increasing and those who invest in bitcoins has the huge chance of becoming very wealthy in the future more than those who place their money on banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: avtonomro on June 09, 2018, 07:28:02 AM
They know that their business will be affected by growth of bitcoins. This is because one can easily transfer huge money using crypto with less fees.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Ethelbert Moore on June 09, 2018, 07:49:23 AM
Digital currency, as is the case with Bitcoin, helps to smooth the lending process. Recall what happened in 2007-2008 during the financial crisis. Credit dried up as banks stopped lending, and the markets froze. With a digital currency like Bitcoin, lending is decentralized, or peer to peer, and as a result, lending may continue, allowing money to reach those who need it.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: btchunter02 on June 09, 2018, 08:15:17 AM
Banks and the government both nervous in bitcoin, because for the first time ever they're not leading the money game.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: yuzefa on June 09, 2018, 08:39:37 AM
They are scared about bitcoins because it will end their monopoly. They will have to reduce their fees to compete with crypto.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Kieran Thomas on June 09, 2018, 05:22:38 PM
There are many controversies about the trend of Bitcoin in particular and virtual currencies in general in the future, many experts continue to warn that the nature of Bitcoin is unstable, uncontrollable, without prediction and can crash at any time.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Pab on June 09, 2018, 05:28:14 PM
It is about blockchain transparency
You can't hide transactions in blockchain
Banks can do whatever they wants with his banks books
And because Central Banks is servings them big banks have his paradise
Unfortunately Big Banks have enough power to disturb cryptocurrencies


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: totaleclipseofthebank on June 09, 2018, 05:33:23 PM
They are afraid of bitcoin because of the fact that number of people is getting large, and people engage cryptocurrency don't need a bank, in a traditional way people use bank as money storage, but now is different, because cryptocurrency has its own wallet and bank might lost there profit.
I agree with you. They are afraid that one day, no one will ever use banks again. Bitcoin has proven that it is better than bank and people can control their own money without having any support by the third party - banks. That is why many banks try to create their own cryptocurrency. And those who can not, they choose to accept bitcoin


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: KrishaBitcoin on June 10, 2018, 01:07:37 AM
this happens because bitcoin uses blockchain technology, which is able to overcome the main problems of customers ie financial or nonfinancial transactions. so the bank is afraid of losing customers and fear if the customer will withdraw the money then switch to bitcoin for investment.

I think not anymore except banks of those few countries that declared Bitcoin investments is illegal. Central Banks in these countries like USA, Japan, France and Germany including my country are supporting Bitcoin existence in which we could use their cash out facilities anytime and anywhere. Also, we could see the increasing numbers of Bitcoin ATM around the globe which are own by the banks. With these progress i could say not all banks are afraid of Bitcoin but only to those countries that ban Bitcoin currency.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Rowan White on June 10, 2018, 08:35:58 AM
As we all know, the creation of Bitcoin based on open source algorithms, which all parties participate in, is anonymous. It is not possible to determine who owns the bitcoin. I believe that participating in Bitcoin trading is extremely risky.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: liuziwenfree on June 10, 2018, 09:20:10 AM
The biggest application of BTC is now in the financial market!
It robs many banks of business, BTC is very quick and very low in terms of payment, fund transfer, etc.
Bitcoin is eroding profits in the banking industry.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: tongkatakai on June 10, 2018, 09:57:30 AM
in today's world all people around the world mostly already know what is Bitcoin. Bitcoin is excellent for the quick profit-hunters. This makes many investors get rich suddenly without sweat


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: stephanirain on June 10, 2018, 11:12:18 AM
In my own personal opinion, big banks are so nervous about bitcoin because people are getting more profit from bitcoin investment than fiats and if bitcoin continue to increase its price more people will invest in bitcoin, that is why they think bitcoin could removed banks that people will not use banks anymore.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Freddie Aguiluz on June 10, 2018, 12:52:02 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

Banks will not be needed for security and easy transaction if digital currency takes over, if digital currency is known to every one then banks will be bankrupt


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: jeraldskie11 on June 10, 2018, 02:12:18 PM
Banks are so nervous on it because bitcoin is more popular and powerful nowadays ang they think that bitcoin is their competitor because there are many people using, believe and investing it. Some countries didn't accept bitcoin because they are afraid that this will affect their economics. If it is will exist in a long time then it will be a big treat for them that's why they scared for it.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Anarchist on June 10, 2018, 04:18:47 PM
They are not nervous, they are just closely following the development as the blockchain technology is what really matters for them.
Other than that, they give a warning to people telling them investing in crypto is risky etc. But seeing all the crap ICOs and coins I would say it still good trying to prevent people losing them money


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Google+ on June 10, 2018, 04:41:59 PM
it's because bitcoin has a very sophisticated technology, bitcoin can also make people very rich and bitcoin can also be used to save money without having to store in the bank. the use of bitcoin is also safer and does not require more bank intermediaries anymore.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: noah tall on June 12, 2018, 11:18:59 AM
I think that's not possible for real life. You should stop think that the world currency will end up by start of cryptocurrencies, that's not how ot suppose to be.




Big banks nervous on bitcoin because theres possibility that banks will replace on bitcoin because of the price is fast to rise and theres possible the money of bank will reach on bitcoin and many persons trust on bitcoin because its safe to earn a money on bitcoin.
Although currently its look liked difficult, but in future when bitcoin users will increase too much, when bitcoin will become too much popular then it will surely effect banking system, because it will become easier for the people to use bitcoin for shopping and trading purposes as compare to banking system.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Tukmol29 on June 12, 2018, 11:20:11 AM
Big Banks want to destroy Bitcoin before it destroys them   Bitcoin has the potential to become a new currency, free of the control of big governments and big banks.That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges, as the Chinese government has announced recently, crushing cryptocurrencies.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cdoyle14 on June 13, 2018, 09:39:29 PM
BTC for today create some common way to still the money from banks. It is normal thing that the banks must create some strategy for future. Because they can die in one moment in the future


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cryptobluemoon on June 13, 2018, 10:10:31 PM
Bitcoin came into the market as banks disruptor banks feared all investors will start holding the money in crypto currency but in reality cryptocurrencies will support banks in terms of technology sharing and improvement of banking


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: bummm on June 15, 2018, 03:54:55 PM
ı think crypto currency will be a threaten to real currency, and bank is holding the real currency, they are afraid of losing their currency's value. So maybe, bankers are looking crypto currency as a threaten to them.


In reality, the threat is exaggerated. I do not see that the cryptocurrencies can ruin fiat or the system of the banks. There is no one reason to be afraid of the crypto.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ahmad21 on June 15, 2018, 04:38:11 PM
ı think crypto currency will be a threaten to real currency, and bank is holding the real currency, they are afraid of losing their currency's value. So maybe, bankers are looking crypto currency as a threaten to them.


In reality, the threat is exaggerated. I do not see that the cryptocurrencies can ruin fiat or the system of the banks. There is no one reason to be afraid of the crypto.
Bitcoin poses a threat to the very existence of banks. Bitcoin completes the financial transactions without the involvement of the intermediaries. This means that we do not need the intermediaries which are “the banks”. Bitcoin is also decentralized which does not need any central authority to control it. So, government can lose their control over the financial system of the country as the governments excise control over it through central banks.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: makolz26 on June 15, 2018, 04:55:14 PM
ı think crypto currency will be a threaten to real currency, and bank is holding the real currency, they are afraid of losing their currency's value. So maybe, bankers are looking crypto currency as a threaten to them.


In reality, the threat is exaggerated. I do not see that the cryptocurrencies can ruin fiat or the system of the banks. There is no one reason to be afraid of the crypto.
Bitcoin poses a threat to the very existence of banks. Bitcoin completes the financial transactions without the involvement of the intermediaries. This means that we do not need the intermediaries which are “the banks”. Bitcoin is also decentralized which does not need any central authority to control it. So, government can lose their control over the financial system of the country as the governments excise control over it through central banks.
Exactly! Just imagine how much losses they are incurring right now due to the fact that we can easily transfer money from btc to btc in just few minutes so it really makes the transaction easy and hassle free for both parties remitting the money so bank are really threatened with this kind of innovation.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Beck09 on June 16, 2018, 05:31:08 PM
How would you rather feel if the power you weild over another is being taken away.

And you literally have no other grip?


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: genrihko on June 16, 2018, 05:37:56 PM
It is very much nervous, they are worried because their business is getting affected because of this. Who will use banks for transfer when crypto allows in less fess.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: KeijiN on June 16, 2018, 05:43:06 PM
I think the reason is obvious, they are affraid because the conclussions that bitcoin can bring into world economic system, in which they would not have a part in!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: SingAlong on June 17, 2018, 02:42:59 AM
I think that the main reason of banks why they are afraid or being nervous on bitcoin because of the qualities of bitcoin have it is more convenient for all the people because it is easy to use because it is digital and it has more chances of earning profit especially for those investors instead of investing in banks they will rather choose bitcoin. They are afaid that because of the continuously growing and being popular of bitcoin that may be forgotten as the monetary system in the world and replaced by digital currencies which is the bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: blogardianz on June 17, 2018, 04:12:50 AM
I think because of bank afraid that every person in the world will not use their services again. The blockchain technology can solve the internal banking problems. That's why several banks so nervous about Bitcoin and Blockchain technology.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Sled on June 17, 2018, 06:35:31 AM
I think because of bank afraid that every person in the world will not use their services again. The blockchain technology can solve the internal banking problems. That's why several banks so nervous about Bitcoin and Blockchain technology.
Because of the blockchain technology of the cryptocurrencies, the banks will not have any purpose to stay in the future because the people could just use the cryptocurrencies to make transactions easier and faster than the service of the banks so the banks are now shaking because of the nervousness but i think they might adopt the blockchain to avoid getting swiped out.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: hckdeface on June 17, 2018, 07:09:08 AM
Banks and the government both nervous in bitcoin, because for the first time ever they're not leading the money game.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: onereous on July 03, 2018, 01:16:55 PM
Big Banks want to destroy Bitcoin before it destroys them. Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big banks. That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges, as the Chinese government has announced recently, crushing cryptocurrencies.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ccymar on July 03, 2018, 03:45:41 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.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Jupeter on July 03, 2018, 11:53:28 PM
Banks and the government both nervous in bitcoin, because for the first time ever they're not leading the money game.

For me there are some big banks who are so nervous about bitcoin because bitcoin have s big chance to be the future of this world and right now bitcoin is becaming very popular and many people is now trusting bitcoin thats why big banks are so nervous.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Pattart on July 04, 2018, 12:42:47 AM
I think because of bank afraid that every person in the world will not use their services again. The blockchain technology can solve the internal banking problems. That's why several banks so nervous about Bitcoin and Blockchain technology.
Yeah can say that blockchain technology that brought by bitcoin is very innovative and that is what many users want. Decentralization on the currency is still very new in the world and you know there are many people who are interested. and that's why banks are afraid. because they get threats from bitcoin


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: longrhm96 on July 04, 2018, 12:54:21 AM
yeah certainly they apprehensive due to the fact they're thingking approximately the destiny of the bank main inome itself that come from the intrestest, if there some humans are be a part of in or saving their money on them, it could cause them to a bankrupt


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: arumslee on July 04, 2018, 05:06:27 AM
The possibility of cryptocurrency used as fiat currency in day-to-day life could revolutionize the entire financial industry. Without intermediaries, people can govern their own identity, personal information, and finances themselves. Big Banks should be scared. With the amount of corruption involved in financial services, blockchain technology and cryptocurrency could make them obsolete.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: adamlillian on July 04, 2018, 05:21:42 AM
I think because most banks have partnered with Bitcoin to use Blockchain technology. So when Bitcoin prices fall, banks will be equally affected. So all the fluctuations in Bitcoin make the banks worry. That is my thoughts on this event.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: viananda2525 on July 04, 2018, 06:04:30 AM
I think because most banks have partnered with Bitcoin to use Blockchain technology. So when Bitcoin prices fall, banks will be equally affected. So all the fluctuations in Bitcoin make the banks worry. That is my thoughts on this event.
i dont think about this thing.they worry while techology bitcoin improved and could substitute as global payment system.and right now lightning network transaction use small fee with high speed.if this implemented no one want send their money using bank.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: squog on July 04, 2018, 06:10:07 AM
For one thing, more and more people are pulling out their deposits in banks and investing them on virtual currencies. Especially now that the value of virtual currencies are steadily increasing. Well, i think as virtual currencies gain momentum, we will see blockchains created under banks. Maybe we will see bank coins or something.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: cleygaux on July 04, 2018, 06:14:55 AM
With cryptocurrencies continue to arise everyday more investments are getting in this means more bank transactions are happening so why banks will become nervous in digital currency? How can we convert our coins to fiat easily if banks would disappear? Yes we need banks and vice versa it means there is an equal opportunities for all of us.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Bionicgalaxy on July 04, 2018, 06:51:59 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
I think big banks are nervous about bitcoin because one day people will not be needing banks if bitcoin and blockchain technology was approved by the government in every country.  But i think big banks will think of something for them not to be removed by bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Chienna on July 04, 2018, 07:10:36 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

Maybe because bitcoin has a big future in this world  and they can provide the needs and wants of the people. Banks are so nervous with bitcoin is it because their business can be affected by the bitcoin. And maybe they are curious that what if one day their services will not use again? Banks and also a government nervous about bitcoin it's just because in the first place they are not leading the money game. And I think many people trusted the bitcoin now so that banks are so nervous.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: raahi on July 08, 2018, 10:42:34 PM
The bitcoin has direct contenders with the big banks because it is decentralized and does not take any tax, also it goes a very high rate of return compared to the world, this has made bitcoin a better investment than giving your money to banks which is why they're worried.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: IMAR on July 10, 2018, 03:28:14 PM
Because bitcoin is decentralized platform and that means they are not being control by any entity. Bitcoin fees is way cheaper that banks. People could transact faster and without middle man who is hampering the process and even adding on the cost. People had wake up already. If banks will not do anything how they could integrate this system on their current platform, they will be out of the business later.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: salahfycl on July 10, 2018, 04:05:59 PM
yes banks are so nervous about bitcoin because its the arch enemy of banks , bitcoin, has the potential to become a new currency, free of the control of big banks That’s why they want to limit this potential.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: revo1044 on July 10, 2018, 04:12:28 PM
Bitcoin allow people to trade directly with each other, cutting out the need for banks so if the bitcoin will be the future money We do not need banks in all our dealings .


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: TravelMug on July 10, 2018, 04:49:10 PM
Just imagine losing a big amount of revenues when people started to used crypto more. Lol. I'm sure any business entity or person who has been doing good for centuries will suddenly lost its grip because a new competition just entered the picture and reducing your income big time. That's what big banks are afraid of crypto, remember this banks is also a big business and anyone who is a threat should be eliminated. Lol.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Andrew S on July 10, 2018, 04:52:26 PM
Because they want to be the only instrument of power over money, and the critical currency is a big competitor for them.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Vorzlave on July 10, 2018, 06:34:34 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
Because they have to make a decision to save their product (money). In case we don't use money as our payments system anymore. The bank will lost a lot of transactions thats makes their money values decreased.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Dowrich80 on July 14, 2018, 10:45:37 AM
The  reason why banks are worried is due to the fact that they are affected by the government and do as they say whereas in bitcoin people have the power this has to lead to them making their own form of cryptocurrency called ripple which has gained much popularity in the marketplace of cryptocurrencies,










Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: boddy.dy on July 14, 2018, 01:20:46 PM
Big banks are so nervous about bitcoin because of competition on investment. Well banks are wise and has a lot of resources especialy if it is about it's competitors. Before banks even don't know about bitcoin but because of its popularity and some of the investors go thru the crypto currencies like bitcoin that was the time they knew about it. Crypto currencies can replace banks in my opinion but I guess that it will take a very long to happen. And that chance I guess is also one of the many reasons why banks are nervous about bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Lady Coquet on July 14, 2018, 01:41:05 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
I think big banks are nervous about bitcoin because they think everyone will not be using banks anymore if blockchain technology have been approved by the government in every country. That is why big banks are thinking other ways for them not to be removed by bitcoin.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: ichai on July 14, 2018, 01:48:30 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
I think big banks are nervous about bitcoin because they think everyone will not be using banks anymore if blockchain technology have been approved by the government in every country. That is why big banks are thinking other ways for them not to be removed by bitcoin.
It is easy to understand when banks are worried about Bitcoin. Who would have been in the bank sometimes also have difficulty in terms of time as well as fees incurred, including staff attitude again. Bitcoin completely eliminates third parties and the above issues. It allows users to proactively grow with their assets.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: chosenboy4 on July 14, 2018, 02:11:38 PM
In the case of Bitcoin, what is being enabled here is not merely a new market, but a market of markets; a platform for all kinds of new markets to emerge. In it, lies the promise of a transformation, as strange as it sounds, greater than the Internet. Denying such a potential is equal to denying the reality of globalization.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: The Scorpion on July 14, 2018, 03:40:30 PM
Bitcoin and other encrypted currency ICO and impressive block-chain technology. This is a reasonable threat to traditional banks.
"The soaring value of Bitcoin and the adoption and mainstream acceptance have led banks and regulators to become very tense and have led to some knee-up reactions, but these reactions simply assert that Bitcoin is a reasonable subversive threat "


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: LETme on July 14, 2018, 04:37:48 PM
Because bank think people will switch to bitcoin if the country truly embrace bitcoin but the bank should not be worried about this because not all of the people are know the existence of bitcoin and beside we used bank over a century so people will still used bank to save their money.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Widya0986 on July 14, 2018, 05:48:44 PM
when the digital currency has been accepted by the world and is already valid as a transaction then the turn of fiat currency will decrease, this causes low transaction in the bank. this is a threat to the bank


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: JohnWick_Bitcoin on July 14, 2018, 07:37:16 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin

Banks needs people who are going to place their money on their business in order for them to get profit, and if people will prefer to invest on cryptocurrency then they will just lose investors which might destroy their own business in the future.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: zhanyiguai261315 on July 18, 2018, 09:52:03 AM
The real reason banks don't like cryptocurrencies is that they are threatened!
The cryptocurrency has grabbed a lot of profits from banks, fearing that cryptocurrencies will have a serious impact on their business!


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: Ava Duvall on July 18, 2018, 11:11:40 AM
they see bitcoin as a threat ,  it would force them to innovate, change and some banks are not open to that option.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: BitcoinCommodor on July 21, 2018, 07:38:45 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, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin
Which banks exactly? You didn’t mention the bank that is scared of Bitcoin. No bank is scared of Bitcoin, it’s just some bunch of stupid idiots that knows nothing that keeps on saying this sort of thing about Banks being scared if Bitcoin. If you bank prevent you from moving money you have in crypto to your bank account then you have serious problem. Everything that has to do with money will always end in bank. So tell me how banks are afraid of Bitcoin? Hmph… 😕


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: JeramiParan on July 21, 2018, 07:45:31 AM
Simply because big banks knows how bitcoin works in industry, they have insights that sooner or later bitcoin might take the majority of currencies. Another reason is that they might lost control on money game.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: dillpicklechips on July 22, 2018, 10:42:17 AM
Basically and honestly, banks are afraid and also threatened to the bitcoin because they see how bitcoin change the world of currency. Bitcoin brings more opportunities and fair service than banks. So banks are afraid that sooner or later bitcoin will be the new and indemand payment and monetary system. They are afraid to lose their popularity against bitcoin and lose their customers and investors too.


Title: Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
Post by: leostrong.mo on July 22, 2018, 10:47:21 AM
Bitcoin decentralization, popular outside the government, is not controlled by the government, and disrupts the government's financial rights.
Banks are not afraid of bitcoin, but are facing the development of new things, because there is no clear regulatory system yet!