Bitcoin Forum

Economy => Economics => Topic started by: Lionel on February 19, 2018, 06:08:44 PM

Title: Banks admit they fear BTC
Post by: Lionel on February 19, 2018, 06:08:44 PM

Title: Re: Banks admit they fear BTC
Post by: slyfox on February 19, 2018, 09:27:26 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

It is not like we needed confirmation after all it is just common sense, this is also why taxi drivers hate uber, they hate the competition, in my country uber is cheaper and offers a better service and then the government tried to ban it to protect the taxi drivers but they realized it was useless and now they charge a small tax to every ride and even with that uber is still cheaper, this is the same except we have banks but the overall concept is the same.

Title: Re: Banks admit they fear BTC
Post by: Tankdestroyer on February 19, 2018, 09:28:06 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

That's a lot of good read articles thanks. Besides that, they also want to harness the blockchain tech for their use but they don't want a decentralized one. The real reason why banks and government(most of them) hate Bitcoin is not just because of the reason you stated OP, but because they cannot control our money that way and using it is bad for them because of blockchain's transparency that will make it harder for corrupt ones to steal on people's money.

Title: Re: Banks admit they fear BTC
Post by: compimprove on February 19, 2018, 09:40:15 PM

Thanks for your information.

Title: Re: Banks admit they fear BTC
Post by: FrueGreads on February 20, 2018, 12:11:34 AM

That really doesn't come as a surprise to me, and I just wonder why they actually admitted that. Not that I really care, because I take a critic approach on every try of news I read, either being positive or negative news. Everyone knows that cryto is a highly speculative market, and that news play a huge role on it's price movements, so its easy to try to perform price manipulation when you know you can reach to a huge number of people.

Title: Re: Banks admit they fear BTC
Post by: Bonsaiav on February 20, 2018, 01:23:15 AM

This is an old story, perhaps everyone knows it already if the bank / government has long attacked crypto but her efforts never work, because they know the bitcoin power isn't really on Bitcoin itself, but lies in its users.

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Our beloved gov guys prefer us to put our money on a bank account, which is like we are lending them our money and hope we will see it again.

True, it seems they don't want to if the community moves alone, without their bank.

Title: Re: Banks admit they fear BTC
Post by: KTZ on February 20, 2018, 01:28:14 AM

Why cryptocurrencies are feared by banks and government i that the issue of the privacy and anonymity. Because of the Creation of a crypto-wallet requires a little or no personal information about yourself. It is possible to a person to perform his/her financial without any needed personal information. Bank Government can block someone's account if they don't have a access to the persons information regarding transaction. Because of the technology of the blockchain we can do anything we want in crypto world.

Title: Re: Banks admit they fear BTC
Post by: O$IRIS on February 20, 2018, 02:06:05 AM

Banks neglected Bitcoin & Blockchain innovation for a while; now they are starting to awake all of a sudden.

As the time shows, this won't change the history of their inevitable collapse.

Title: Re: Banks admit they fear BTC
Post by: Wallflower28 on February 20, 2018, 02:42:33 AM

Maybe someday, the conflict of banks and cryptocurrency will lead to a warfare. And I think that banks will make a way just to eliminate cryptocurrency from its existence and history.
It may also happen that the government and banks have a conspiracy in order to remove the cryptocurrency from their way.

Title: Re: Banks admit they fear BTC
Post by: Mometaskers on February 20, 2018, 02:54:34 AM

Just came here from another thread talking about this scandal from Poland. One more reason for us to believe that they really are going after crypto. Or, are they planning to stockpile it for their own benefit?

Quote from: O$IRIS on February 20, 2018, 02:06:05 AM

Banks neglected Bitcoin & Blockchain innovation for a while; now they are starting to awake all of a sudden.

As the time shows, this won't change the history of their inevitable collapse.

It's not a done war. They might find a way to co-opt it. Never underestimate what fear and greed can do.

Title: Re: Banks admit they fear BTC
Post by: jseverson on February 20, 2018, 05:21:11 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

That's a rather extreme view if you ask me. The realist in me says that the biggest reason is that they won't be able to make money off of us anymore, and that their influence over us will plummet. I guess I understand the overall libertarian sentiment though.

I was also curious about your links so I tried to dig around:

Quote

http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it

This one seems to have been misinterpreted. Here is an explanation as to where the misunderstanding came from, and what the bill is truly about:

https://www.snopes.com/politics/business/cashillegal.asp

Quote

https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash

This one I'd really rather not trust because it tells you to visit this link:

Quote

http://phoenixcapitalmarketing.com/cash.html (looks shady, click at your own risk)

...and is basically a marketing article.

Still, bottom line is that banks are afraid, and they currently face a future in which they have to choose over adapting or dying.

Title: Re: Banks admit they fear BTC
Post by: jemarleon on February 20, 2018, 05:40:12 AM

Not all banks are happy with the Bitcoin surge. The Polish Central Bank (NFB) was just caught redhanded and admitted it paid a YouTuber to attack digital coins online. The bank also invested in Google and Facebook campaigns for the same purpose, according to NewsBTC .

HOLD ON AND WE WILL RISE AGAIN. :)

Title: Re: Banks admit they fear BTC
Post by: BillCoin on February 20, 2018, 05:43:41 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

It's obvious that banks fear bitcoin as it aims to destroy their business, it's understandable and pretty clear, but some people are getting confused when their bank doesn't let them open a bank account for bitcoin purposes, it's not because the bank fears from bitcoin, it's because he has to prevent money laundering and he can't really do that with bitcoin, as the exchanges are anonymous and he doesn't own any connection with them to verify that you are not laundering money.

Title: Re: Banks admit they fear BTC
Post by: vintages on February 20, 2018, 07:13:01 AM

Well, I knew this long ago, We needed no expertise to say it twice before we fully know. The banks hates crypto, to them, it like a big competitor that needs eliminating. They feel that with crypto people don't need them anymore; if people are holding their money themselves through digital means which is easily accessible, of what use is the bank then? They are of no use, since almost all their features, loan, retirement saving etc. can be gotten through crypto.

Title: Re: Banks admit they fear BTC
Post by: CherRic on February 20, 2018, 08:15:23 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

All Bitcoin holders and users knew about this long before. Banks are important in every government. They regulate and control fiat currency, check the balance and distribution of the people. However, banks also are politicians and official's allies. Banks are afraid of Bitcoin because they will lost a lot of investors and believers in banking investment.

Title: Re: Banks admit they fear BTC
Post by: metenjean on February 20, 2018, 08:24:39 AM

Its normal advices actually, because they fear the volatility of bitcoin which can make people wealthy in instant and also lose all their saving in a single night. People affected by greed rather than logical minded in investing something and when people started to recognize the surging price of bitcoin, there will be lots of people investing in it and BOOM there goes the investment just like last month. ;D ;D
If you're investing in the long term and having enough saving to continue your life, then its good and you dont have nothing to worry but what economist and government fear is that if majority people invest all their money in cryptocurrencies and because of price volatility that made it more like a bubble, when the price fall and you invest all your life saving in it then you totally a broke man by now. Now, what if majority people do that kind of investment? The economy will started to collapsed and leaving people dealing with debts and more.

Title: Re: Banks admit they fear BTC
Post by: Slow death on February 20, 2018, 09:27:58 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

[...]

we have two things:

Anonymity and profits.

Anonymity

the banks ask for documents to all who want to open account and this facilitates to limit the movements of someone when that someone commits some crime and becomes a fugitive of the police, the court blocks the account of this criminal.

Now, in the case of bitcoin it will not be possible to do that, the person can be a great criminal and will have his funds well-saved to use whenever he wants and the police and the courts will not have to block the funds of that person.

Profits:

Banks take the money from new deposits to make loans to other people and if people have something like bitcoin you can create your wallet and store your bitcoin and at the same time your bitcoin increase in value it is more useful than saving in the bank.

The banks will not die and we'll always need them. unfortunately

Title: Re: Banks admit they fear BTC
Post by: gua86402 on February 20, 2018, 09:47:02 AM

BTC itself is central bank, BTC is money!

Banks are naturally afraid of competition, which will bring new competition to financial markets and replace some of the Banks' businesses!

Less banking means less profit!

Title: Re: Banks admit they fear BTC
Post by: btc_angela on February 20, 2018, 09:52:33 AM

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

Right. Being in crypto, we are our own bank. So its obvious that banks doesn't like bitcoin because they are going to lose potential profits from it. Imagine people not going into the usual route when moving money around. That's billions of dollars getting out of their hands.

So to eliminate competition, they will attack it. They are waging wars against bitcoin now and I think it will be a continuing battle. But bitcoin will not eliminate banks, and it has no intention to do in the future.

Title: Re: Banks admit they fear BTC
Post by: tabas on February 20, 2018, 09:56:45 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Go crypto and HODL my friends.
They fear crypto because it can save us

It can save us and it can also loose their business.

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

BTC itself is central bank, BTC is money!

If you ever experienced creating your own blockchain.info wallet, there's a quote there "Be your own Bank!". So having a bitcoin wallet is already having our virtual bank account so banks will be useless if everyone starts to put their wealth to crypto's.

Title: Re: Banks admit they fear BTC
Post by: Nylelyn on February 20, 2018, 10:33:10 AM

Bitcoin can really be a threat to bank institutions not only because of the immense popularity but due to innovative advancement that changes the traditional practice in terms of banking and money handling. The development of bitcoin has open the eyes of people they can do their own banking at the comfort of their home and does not need bank services. Bitcoin is a better high profit investment unlike bank time deposits in which interest are very low, digital wallet allows users to pay and transfer anytime and anywhere. Therefore, people might need banks lesser. They fear btc because they know that with its highest technology and popularity, bitcoin may grow bigger since people support it due to the fact that they earn big amount from it.

Title: Re: Banks admit they fear BTC
Post by: sampalokmix on February 20, 2018, 10:44:16 AM

Quote from: O$IRIS on February 20, 2018, 02:06:05 AM

Banks neglected Bitcoin & Blockchain innovation for a while; now they are starting to awake all of a sudden.

As the time shows, this won't change the history of their inevitable collapse.

I agree with this, the basic I see why Bitcoin was being feared by the backs because the profit will not end to their hands, the people will dependently invest in Bitcoin which is a competition to the banks cause the money of the poeple will definitely grow unlile to them you have to wait for years for you to have the interest but still in lower state of price.

Title: Re: Banks admit they fear BTC
Post by: ss890 on February 20, 2018, 10:56:07 AM

Yeah the propaganda was made up thing from he government side and they have already learnt the lesson for it. This fishy stuff was very popular in my country until the budget 2018 was finalised and then government agreed on the use of the block chain technology within the country. As far as I know, my country is already fear some about the whole idea of crypto currency and they think that it will increase the black market within our country in enormous ways. But after the shockingly good news I believe that everything will be in our hands now on how to use the bitcoin and what ways can be taken out for that purpose. The government is not going to interfere into it but they going to invest into it. After all they know the beauty of crypto currency now.

Title: Re: Banks admit they fear BTC
Post by: scorilo on February 20, 2018, 11:03:50 AM

that's why they should stop the fight with the cryptos and try to create a solution for it to make a bridge between banks and crypto.

Title: Re: Banks admit they fear BTC
Post by: 1Referee on February 20, 2018, 11:06:45 AM

Quote from: sampalokmix on February 20, 2018, 10:44:16 AM

I see why Bitcoin was being feared by the backs because the profit will not end to their hands, the people will dependently invest in Bitcoin which is a competition to the banks cause the money of the poeple will definitely grow unlile to them you have to wait for years for you to have the interest but still in lower state of price.

It has nothing to do with profits at all. Bitcoin = banks are obsolete, unneeded, don't serve their main purpose anymore, etc. Don't forget that banks are also an extension (slave) of the government in terms of localizing wealth, potentially prohibiting someone from being able to create a bank account, stealing people's money in form of a haircut, etc. In other words, it doesn't only impact banks, but indirectly also the government. It's safe to say that the far majority of our wealth maintaining and transacting happens within centralized ecosystems provided by financial institutions. It's a shocking fact that not many people here seem to think about, and also don't give Bitcoin the credits for offering people so much financial freedom.

Title: Re: Banks admit they fear BTC
Post by: Ilegendph on February 20, 2018, 11:22:32 AM

Now that its confirmed. I guess bitcoin and other cryptocurrency will rise once again. This bad news that appears lately seems to be a "manipulation" to the industry. But also lately, there are news like samsung will make hardware to support btc mining, china will not totally ban bitcoin (They are dong this periodically -_-) etc can make the whole industry be healthy and benefit as much people as it can.

Title: Re: Banks admit they fear BTC
Post by: pogiparin on February 20, 2018, 11:31:33 AM

Banks are scared because it could cause them to raise the inflation rates since people are having too much money that are non-taxable. This could create a market where money would have no value since the supply of money is really high. Banks are not scared because they would have a competitor, but they are scared for the welfare of the people.

Title: Re: Banks admit they fear BTC
Post by: JainaVsUther on February 20, 2018, 11:33:17 AM

This is incredible. This is direct evidence for the masses that criminal banking cartels are holding the western world hostage. Hopefully this will backfire heavily in some way.

Title: Re: Banks admit they fear BTC
Post by: Lionel on February 20, 2018, 11:40:36 AM

Quote from: JainaVsUther on February 20, 2018, 11:33:17 AM

This is incredible. This is direct evidence for the masses that criminal banking cartels are holding the western world hostage. Hopefully this will backfire heavily in some way.

Yes it will backfire, as more and more people is moving their money from the bank to crypto and they are holding it.

The only thing it is missing is: too many are holding crypto on centralized and risky wallets and exchanges like Blockchain.info or Bitstamp, instead of holding crypto in their local computers.
It's better to use an official wallet client or Electrum, than leaving money on an exchange as the latter can be seized/robbed by the gov.

More people should understand that

Title: Re: Banks admit they fear BTC
Post by: meshow1 on February 20, 2018, 11:50:34 AM

Quote from: slyfox on February 19, 2018, 09:27:26 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

For yes banks have hear of bitcoin because of those possibly scammers and crypto users who wants to get rid other people from their accounts and also it threathens them because people will forget to invest in their banks because some people nowadays are considering to invest to bitcoin.

Title: Re: Banks admit they fear BTC
Post by: Lionel on February 20, 2018, 11:51:28 AM

Quote from: pogiparin on February 20, 2018, 11:31:33 AM

Those are the typical excuses they tell you. Are they really worried for your well being? Come on.

We are paying these insane taxes to pay the public debt, but the public debt is just something they invented out of nothing!
Have you watched the Zeigest movie? Go watch it and come back

https://img.gtvcdn.com/cdn/farfuture/kCLpJPX4yzt_SAcsItvPYxMf38bMG0SCqI2_D4HHzPM/mtime%3A0/sites/default/files/imagecache/keyart_1180x664/img_16x9_landsacpe_title/133131_zeitgeist-the-movie_16x9.jpg

Title: Re: Banks admit they fear BTC
Post by: fiulpro on February 20, 2018, 11:53:52 AM

I don't think they needed to admit it ..

Because no matter how big the news it .. it generally disappears after a while if it's fake.!

Banks and the other government sectors were loosing potential investors and that caused them a lots of problem over the time ..

Their role wasn't as prominent as it was before and the government were loosing their dominance .

Take the case of China .. !
We can clearly see how government banned the Bitcoins just cuz more and more people were getting freed !

Title: Re: Banks admit they fear BTC
Post by: Idrisu on February 20, 2018, 11:57:19 AM

The founding father of bitcoin said "we should not be afraid of governments but governments should be afraid of us" this is what you see happening, bitcoin is going to take the place of bankers in our society in future. Bitcoin is going to take their jobs and you should not think that governments and bankers are going to be happy about it.

Title: Re: Banks admit they fear BTC
Post by: Lionel on February 20, 2018, 12:09:39 PM

Quote from: jseverson on February 20, 2018, 05:21:11 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

Quote

http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it

Quote

https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash

This one I'd really rather not trust because it tells you to visit this link:

Quote

http://phoenixcapitalmarketing.com/cash.html (looks shady, click at your own risk)

...and is basically a marketing article.

Still, bottom line is that banks are afraid, and they currently face a future in which they have to choose over adapting or dying.

Thanks for the insight.
Ok those links were not 100% appropriate, but you don't need to read the internet to see they are trying to eliminate cash.

If you live in a Western country you know they are forcing the merchants to :
- have a POS device in their shop (and this already costs money just for installing it, plus a yearly fee AFAIK)
- only accept debit/credit card payments for amounts over a limit ( typically 1000 USD/EUR or even less )

This will hinder the people who want to use cash in the shops. They must pay via a bank if the purchase is medium/big.
And i am talking about all merchants, even if you sell just coffees you must have a POS.
Their goal seems clear

Also, the 95% of the world's money today is not in cash, but in the banks

Title: Re: Banks admit they fear BTC
Post by: pallang on February 20, 2018, 02:23:11 PM

Is it a fake news or a fact and i think if this will happen there will be a rivalry between banks and crypto currency or maybe a war and this will affect the government.

Title: Re: Banks admit they fear BTC
Post by: Nick Abimanyu on February 21, 2018, 02:27:39 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

After I read your post as if you have opened my eyes. It turns out that the country we love so far uses the law and the bad rules to its citizens.
Indirectly they have given punishment to their people to be their slaves for as long as they want. How long does the government do this injustice continue?

Bitcoin is the best financial solution and has benefited us a lot especially for the poor. Meanwhile, our government treats bitcoin like counterfeit money, so for the existence of bitcoin alone our government is reluctant to admit it.

Title: Re: Banks admit they fear BTC
Post by: mrcash02 on February 21, 2018, 02:42:51 AM

Quote from: Lionel on February 20, 2018, 12:09:39 PM

If you live in a Western country you know they are forcing the merchants to :
- have a POS device in their shop (and this already costs money just for installing it, plus a yearly fee AFAIK)
- only accept debit/credit card payments for amounts over a limit ( typically 1000 USD/EUR or even less )

Plus, there are already countries inhibiting developers to launch their Crypto-Currency projects. Now if you want to be a developer and launch you ICO in Russia you need at least $1.700.000 and a government's license, just to start... They are just trying to turn Crypto-Currency into fiat's system. If you have a lot of money and a good relationship with the government you are fine, otherwise...

Step by step they try to make Crypto-Currency more similar to fiat.

Title: Re: Banks admit they fear BTC
Post by: andreijoaquin on February 21, 2018, 04:20:44 AM

Banks are number one affected when crypto currencies are introduce especially that online wallets have features more than a bank can offers, government on the other hand has problem with regards to imposing tax to bitcoin earnings as well as tracing transactions to know if it is illegal or not. These are the reason why both banks and government don't want to have bitcoin as a legal tender and try to regulate it but unfortunately they can't.

Title: Re: Banks admit they fear BTC
Post by: uozer on February 21, 2018, 04:43:04 AM

This is truly not an understatement. Many Bankers are getting to understand that BTC with the Block chain technology is the best option, where people can actually be in control of their fund without necessarily needing the middle men assistance. Fear engulfed them because if it is widely accepted, some of them would be wiped out of engagement and their operation mode forcing their customers paying outrageous interest on services rendered to them at their own advantage which is irrational shall be barely reduced.

Title: Re: Banks admit they fear BTC
Post by: xuan87 on February 21, 2018, 05:00:07 AM

Well this is an interesting news, central bank supposed to be not afraid of crypto because both of them serve a different purpose and central bank got more power than crypto, but maybe because the bank can't stop the influence and the impact of the crypto that is why they afraid of it, and it is good to see crypto can save somebody from poverty

Title: Re: Banks admit they fear BTC
Post by: h0lybyte on February 21, 2018, 05:30:05 AM

Yeah if the blockchain technology is adopted in all parts of world, i am quite sure banks would disppear completely and the whole nation would become cashless. This might be reason banks also feel fear of, the more we adopt blockchain, the more shall be arousing fear for bank organisations

Title: Re: Banks admit they fear BTC
Post by: Gastotade on February 21, 2018, 05:38:17 AM

Quote from: h0lybyte on February 21, 2018, 05:30:05 AM

If only the government adapt blockchain they will see it very useful. but to fea is not only for the banks as well as the stock markets were in fear many organizations and companies were changing their idea in investing. they prefer now to start in crypto since they see how it can earn in just a short period so how much more if in long term.

Title: Re: Banks admit they fear BTC
Post by: david_019 on February 21, 2018, 05:51:44 AM

That is a normal feeling from them. There is no bank actually that can not feel fear to bitcoin. Bitcoin is good for investment, your money is easy to earn profit as long as you know how to ride the wave in it. While bank is like your money is sleeping for the long time and wake up for little strength gathered. Every hope that the bank offered to all investors is not as strength like bitcoin. So who doesn't want to choose bitcoin after experiencing the timidity of the bank.

Title: Re: Banks admit they fear BTC
Post by: sumangs on February 21, 2018, 05:56:05 AM

Banks have bonds with the government so I think they do not fear bitcoin since the government will find a way to make bitcoin fall. Once it was a success the banks will rule again.

Title: Re: Banks admit they fear BTC
Post by: caseback on February 21, 2018, 06:40:49 AM

Quote from: Wallflower28 on February 20, 2018, 02:42:33 AM

Its true they will do conspiracy in order bitcoin will eliminate in this history.,and i think its a big big war to all especially the investors.

Title: Re: Banks admit they fear BTC
Post by: coinxwife on February 21, 2018, 06:48:39 AM

Quote from: KTZ on February 20, 2018, 01:28:14 AM

Exactly banks have lots of requirements to do so,it needs 2 valid i.d and without that you are not qualified to register yet,while in blockchain its easy to register without any hazzle.

Title: Re: Banks admit they fear BTC
Post by: chickenado on February 21, 2018, 06:55:18 AM

Quote from: sumangs on February 21, 2018, 05:56:05 AM

Banks have bonds with the government so I think they do not fear bitcoin since the government will find a way to make bitcoin fall. Once it was a success the banks will rule again.

I believe that the bank will not show fear on bitcoin because bitcoin has no taxes while bank is already been taxes from the start, business is always a business and crypto currency is always a crypto currency, both crypto currency and bank has a different way to be handle through limitation and I believe that government has a remedy on this in the near future, maybe we can see what would happen next. so then all we need to do is to wait for the government announcement or maybe statement about it.

Title: Re: Banks admit they fear BTC
Post by: BennyK on February 21, 2018, 07:36:12 AM

This issue of governments posing threats on BTC and cryptocurrencies in general has been on the rise of late. As people become more enlightened on the significance of BTC and cryptocurrencies, the power is restored back to them due to the decentralization nature of Blockchain technology upon which BTC and other cryptocurrencies operates. The governments fear that with BTC and cryptocurrencies, every one can become equally rich without having to save huge tonnes of money in the bank. However, it becomes quite interesting to see these governmental bodies investing secretly into BTC and cryptocurrencies.

Title: Re: Banks admit they fear BTC
Post by: lantan81383628 on February 21, 2018, 07:52:45 AM

This is not surprising to me.

Bitcoin is a high-margin investment, unlike a bank's fixed deposit interest, which allows users to pay and transfer money anywhere and anytime.

Banks don't like encryption, and for them, it's like a big competitor that needs to be eliminated.

Title: Re: Banks admit they fear BTC
Post by: Pattart on February 21, 2018, 08:09:40 AM

Quote from: h0lybyte on February 21, 2018, 05:30:05 AM

I think banks will not disappear because of blockchain technology. I know that technology will progress. just like the post office where they used to be the primary need to send letters but then electronic mail came. and make a post switch function into a place to send stuff? I think will same like the bank. Bank will not disappear but switch the function of the financial transaction will probably be a place to save money or the like?

Title: Re: Banks admit they fear BTC
Post by: badykvik on February 21, 2018, 08:11:17 AM

Since classical Banking operation is be-twitted in Government hand where The Central Bank regulate and control its total operation under its obligation, no bank can function in isolation/independently outside the Government laid down policy. Bitcoin on the other hand is deregulated and it's becoming more and more accepted in some economy by those that are getting to understand it as an independent anonymous currency. Banks fears this and may find a way to cripple its effort which is very difficult to do in every attempts made by them.

Title: Re: Banks admit they fear BTC
Post by: rowel21 on February 21, 2018, 08:34:42 AM

I mins this at the first time I watch a negative exposed of crypto in news those bias and hoax info they want to spread about bitcoin is just to make price value decrease and we don't know if there's a government member or banks member participating in this forum just to spread FUD

Title: Re: Banks admit they fear BTC
Post by: supermine on February 21, 2018, 08:46:06 AM

Yeah,it is true the many banks will disappear if everyone started using crypto currency,because banks are controlling most of the fiat money in the world and making money from it so they are spreading fake news to stop adapting people to the crypto system and some governments are also trying to regulate the so people are getting afraid to invest on bitcoin.Bit they can't do this forever people will understand that no one can stop us from using bitcoins because it is a decentralized technology.So soon the fiat system will be replaced by the crypto currencies.

Title: Re: Banks admit they fear BTC
Post by: LogitechMouse on February 21, 2018, 09:59:28 AM

To be honest, I am not surprised with this and for a long time I am thinking that banks and governments one of the reason why BTC is crashing. They spread FUDS around the internet because they know that more people are very emotional and panic sellers. Medias too are under the government so they will tell the media to spread negatives about bitcoin so when they will say anything about bitcoin, its always negative.

Title: Re: Banks admit they fear BTC
Post by: joms07 on February 21, 2018, 12:49:52 PM

They are curious how they can get banks involved in leveraging cryptocurrencies, ... To Fear or Not to Fear Bitcoin; Average Nerds on the Street Versus Bankers.

Title: Re: Banks admit they fear BTC
Post by: adolf512 on February 21, 2018, 12:58:48 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money^[1] with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).

Go crypto and HODL my friends.
They fear crypto because it can save us
Thanks for this topic, many people have opened their eyes to the obvious things. Now it will be difficult for them, to make people panic, their false news.

---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---

Thanks for this topic, many people have opened their eyes to the obvious things. Now it will be hard for them to panic when they release their false news.

Title: Re: Banks admit they fear BTC
Post by: goodvibes05 on February 21, 2018, 01:03:14 PM

Maybe because of the competition thats why they fear btc. People that are already engage into btc or cryptocurrency have their own digital wallet where they stored or keep their btc. With this digital wallet converting btc to a local currency is very easy as well as when you cash out or withdraw money without going in a bank. Actually this news is not surprising because we all know this could happen. They are afraid that people saving in a bank will be lessen because more and more people is getting involved in btc or cryptocurrency.

Title: Re: Banks admit they fear BTC
Post by: shi07 on February 21, 2018, 05:10:53 PM

Banks fear bicoin because they afraid to lose their depositors and clients. Also Bitcoin can do what banks offered such as lending, deposits, trading, and money exchange.BTC have advantages over bank and one of these is instant transfer of value at almost no cost between two parties without the need for a trusted third party.

Title: Re: Banks admit they fear BTC
Post by: liseff3 on February 22, 2018, 12:45:26 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Only a fool who doesn't know this problem, this's an old story, it's a public secret and we can't escape from this dictatorship. Actually the Government is the nation's colonial in his own country. Because they have bound their own nation away from prosperity and their eyes of the heart has been blinded by office.

If our government were a bit smarter than their people, they might be able to use bitcoin as the best solution for the prosperity of the nation and his country but unfortunately our government is stupid.

Quote from: Lionel on February 20, 2018, 11:51:28 AM

Quote from: pogiparin on February 20, 2018, 11:31:33 AM

I have never watched a Zeigest movie but i really understand what you mean, i read your post since this topic started and everything is very interesting, and what you say i think everything is right.

Title: Re: Banks admit they fear BTC
Post by: Harlot on February 22, 2018, 02:34:49 AM

I don't understand the words they are saying but from what I am seeing is the guy invested huge amounts of money in cryptocurrency and at the end of the video is he is losing his money. Also from the restaurant scene he is supposed to pay in Bitcoin but sadly the restaurant is not accepting it forcing the date to pay for the food. I think the Central Bank is playing fair as it is what is happening right now and it is hard to deny a fact. Because we can lose our money in anytime just like what happened to the guy.

Title: Re: Banks admit they fear BTC
Post by: InvestMen on February 22, 2018, 02:47:22 AM

For bitcoin, everything can turn around in such a way that companies building a business around crypto currency will simply have to find ways to comply with financial rules before they regularly interact with banks.

Title: Re: Banks admit they fear BTC
Post by: olia10 on February 22, 2018, 02:56:25 AM

Banks, by their nature, are always looking for ways to reduce their exposure to risk by balancing the profit from the provision of loans and investments on behalf of their clients. The bitcoin system in its present form should seem so insignificant in comparison with the usual operations of the bank, which, probably, is not worth contemplating.

Title: Re: Banks admit they fear BTC
Post by: PalindromemordnilaP on February 22, 2018, 03:49:47 AM

Good point and it seems to me that our own government wanted us to be slave and don't want us to stand our own not needing them and be free from poverty. Don't they just think that a country's economy will boom when everyone is has money in their hands?

Title: Re: Banks admit they fear BTC
Post by: carlisle1 on February 22, 2018, 04:13:14 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

wow this is amazing story,i never thought this kind of admission they must not just afraid of btc but the other Cryptocurrencies as well,maybe from there banks should make adjustments for the people trust them again,and they wont become as a lease priority of the depositors.and compete with crypto world

Title: Re: Banks admit they fear BTC
Post by: WUUEX79 on February 25, 2018, 01:19:49 AM

Quote from: PalindromemordnilaP on February 22, 2018, 03:49:47 AM

True instead of applying the tax they are actually blackmailing our finances relentlessly. It should they can find a middle ground between crypto and fiat so that both can be utilized as effectively as possible to strengthen the economy of its people and their country.
Is not "the strength of a country's economy is driven by the true economic power of its people".

Title: Re: Banks admit they fear BTC
Post by: Rrtt on February 25, 2018, 01:49:53 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Cryptocurrency has affected banks whether the admit it or not. It may be true that they are the one spreading negative news to down crypto. The good thing now with banks specially central banks of some countries, they are now utilizing the blockchain technology to their advantage.

Title: Re: Banks admit they fear BTC
Post by: tannerchum on February 25, 2018, 03:36:35 AM

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

That is true that banks may afraid of bitcoin because they knew that bitcoin cryptocurrencies has biggest value the price itself aside from that bitcoin is in progress and still continuing. In that case banks don't want to lose their earnings and find way to boom more than bitcoin. Probably banks competitive is bitcoin because the market is still expanding.

Title: Re: Banks admit they fear BTC
Post by: MidKnight on February 25, 2018, 07:03:52 AM

They sound like they are preparing to surrender. I know that they are the ones who spread most of the FUD and they admit to theirselves that they can't really kill it. It just means that we btc evangelists are very close on succeding this war over the banks.

Title: Re: Banks admit they fear BTC
Post by: 0t3p0t on February 25, 2018, 07:17:56 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

This trully shows that governments or banks don't want to have something like a competition wherein they wanted people to use their currency and control everything from it. Second is power which Bitcoin uses the community and holders to take control of their own funds where there is no middleman that is why banks hate it. Government hate the idea or security feature of blockchain technology because it is fully decentralized.

Title: Re: Banks admit they fear BTC
Post by: xuv500 on February 25, 2018, 07:38:03 AM

Bitcoin's Double Spend Problem allows Bitcoin to be sent directly from one person to another without using any third party like banks. This game changing Bitcoin makes banks fear that they could not exist. In this scenario banks are slowly, indirectly and purposely adopting themselves to crypto currency, example of that is Ripple.

Banks are trying to force the governments to ban Bitcoin in their jurisdiction because of the fear that they cannot steal money from people by way of charges and fees. But they can do that interim and Bitcoin will survive after all negative huddle.

Bitcoin is a transformation of paper currency to digital or crypto. Denying such a potential is equal to denying the reality of globalization.

Title: Re: Banks admit they fear BTC
Post by: Lyne01 on February 25, 2018, 07:50:44 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Banks are thinking now that people are more interested to invest in cryptocurrency than in them. They see that people are spending their money and their time looking for good cryptocurrency to invest in. In this way, banks are worried because they are overtaken by crypto.

Title: Re: Banks admit they fear BTC
Post by: millgates on February 25, 2018, 08:06:30 AM

Thats normal, probably they will do something to make people avoid bitcoin. Yes, we must hold bitcoin. Bitcoin is a part of future .we don't need bank, we now have better technology for our transactions.

Title: Re: Banks admit they fear BTC
Post by: jcarlo on February 25, 2018, 08:14:59 AM

Off course bank affraid on bitcoin or cryptocurrency. Because they cant control on supply and they dont want to lose control on fiat money. On fiat money, they just able to print money from thin air and do like they want to do. In bitcoin, supply is limited and not regulated

Title: Re: Banks admit they fear BTC
Post by: redsap on February 25, 2018, 08:22:17 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Damn my speculation about bad news come is right btw thank you for share the article. It seems fishy if they dont afraid with bitcoin. capitalisme like them is greedy want to control. They know they can't control bitcoin so they want crush bitcoin

Title: Re: Banks admit they fear BTC
Post by: MattF24 on February 25, 2018, 08:23:58 AM

It's not that they just want to control. Their business runs on transactions and if they lose a lot of transactions, then they lose a lot of funds which might make them lose their business sooner or later.

Title: Re: Banks admit they fear BTC
Post by: Cryptoandrius on February 25, 2018, 08:32:31 AM

They don't fear they gonna make their own "bitcoin", I suppose

Title: Re: Banks admit they fear BTC
Post by: alphaomega.f on February 25, 2018, 09:41:19 AM

the issue is mainly about competition. banks and bitcoin has their own unique characteristics but we can see that bitcoin has some advantages over banks that's why it is feared.

Title: Re: Banks admit they fear BTC
Post by: BitcoinNational on February 25, 2018, 10:10:05 AM

They know that the BTC and the other coins are a real threat to their own monopoly. They are willing to do anything to keep this place.
For the moment, I still hear a lot of persons around me that don't believe in the crypto. All the fake news that they subsidise are probably partly responsible.

Title: Re: Banks admit they fear BTC
Post by: usam_coiner on February 25, 2018, 10:38:16 AM

Quote from: BitcoinNational on February 25, 2018, 10:10:05 AM

yeah they are right because banks only worked for their own benefits only minute profit was given to the customer and now bitcoin is here and people are taking out their money from banks and investing into bitcoin because it is truly for people,

Title: Re: Banks admit they fear BTC
Post by: Dudeperfect on February 25, 2018, 10:51:31 AM

It's not just the Bitcoin that is powerful but I do see on a broader scale that blockchain technology is something that we should nourish for inculcating the vision of Satoshi in order to take away power from the central authority and transferring it to the users in a democratic manner. Blockchain technology is the way of optimising the traditional process in order to save time and cost and that's the reason why banks are worried about it. I do see many major banks will get into blockchain to compete with cryptocurrencies in the coming years.

Title: Re: Banks admit they fear BTC
Post by: jaredl on February 25, 2018, 11:21:29 AM

I think all Central banks will have some fear over cryptocurrencies as a decentralized currency will mean that the Central Banks will no long have control over the money supply or the exchange rate of their own state currency. Then the central bank will cease to exist as they will not be able to influence any monetary policy.

But commercial banks can see this crypto trend as a opportunity and provide more services to customers to buy/sell/invest/trade crypto and make tonnes of money doing this. Any commercial bank today that is willing to accept crypto as a deposit or to provide liquidity to crypto customers will see a huge influx of funds overnight. But I suspect they do not want to offend the Central bank or they are tied by regulations to provide this to crypto customers..

Soon we will see Central banks offering their own state-back cryptocurrencies.. one that they can control and one that they can use to continue to maintain control over us as citizens..

What we as citizens of the new world can do is to support decentralization of power and not be tied to any authority by promoting the use of decentralized currencies.. buy and use crypto!

Title: Re: Banks admit they fear BTC
Post by: komatovo on February 25, 2018, 11:37:15 AM

Quote from: Lyne01 on February 25, 2018, 07:50:44 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

There is also some trepidation from banks that the early regulation of cryptocurrencies, and associated new technologies, may legitimize their adoption

Title: Re: Banks admit they fear BTC
Post by: Auditan04 on February 25, 2018, 11:41:12 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Creating fake news to discredit the crypto is not new that’s why it is important that this news is shared to our forum. And because of this, Central bank has a lot of reasons to have deep concern with the current development in cryptocurrency. More people are getting aware of the benefits of having a crypto compare to traditional money (fiat). The good thing with crypto is it is decentralized with no one controlling it price and truly a revolutionary financial system.

Title: Re: Banks admit they fear BTC
Post by: mahilchii on February 26, 2018, 03:27:49 PM

Quote from: xuv500 on February 25, 2018, 07:38:03 AM

Well said. Banks not only fear about Bitcoin, banks are trying to stop the growth and potential of Bitcoin by spreading negative news all over the world and creating a wrong opinion among people. Bitcoin will never ever slow down or stop because of the negative hype created by banks.

Title: Re: Banks admit they fear BTC
Post by: hachiman13 on February 26, 2018, 04:00:08 PM

Of course they fear bitcoin, it is decentralized-- contradicting their core motives. Something is brewing underneath and the cryptomarket is just waiting for the right timing until banks totally give proper recognition that bitcoin deserves.

Title: Re: Banks admit they fear BTC
Post by: JC btc on February 26, 2018, 04:10:08 PM

Quote from: hachiman13 on February 26, 2018, 04:00:08 PM

I don't think they feared bitcoin literally, I think that they were just afraid that many people will withdraw their investment and will just invest in crypto without any further investigating what kind of crypto they were investing at, and just like the government they were also concern to people that they can possibly victim of a scam.

Title: Re: Banks admit they fear BTC
Post by: shellomomma on February 26, 2018, 04:16:31 PM

They cant beat BTC so they find a way in Ripple. But most people now understands the power of decentralization and hence the rise of BTC,

Title: Re: Banks admit they fear BTC
Post by: faceoff97 on February 26, 2018, 04:24:52 PM

Im actually not surprise about this news, obviously we don't see any reported news about good side about bitcoin in the mainstream Media, instead they keep on relating it to negative such as drug trading and scammo activities. The word Bitcoin wss being tried nto be aktered into a new meaning scam. Bitcoin is now becoming a threat ti the government, and niw they are taking action to stop its growth. But I dont feel worried about it , because with or without the intervention of government, bitcoin will still go on.

Title: Re: Banks admit they fear BTC
Post by: petyang12 on February 26, 2018, 05:31:53 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

They're afraid of cryptocurrency because there is a tendency that cryptocurrencies will replace fiat money but it's impossible in a country that is not rich but to those country that is rich there is a possibility that they accept cryptocurrency as a replacement to fiat money and will used as money.

Title: Re: Banks admit they fear BTC
Post by: fiulpro on February 26, 2018, 05:54:57 PM

Quote from: petyang12 on February 26, 2018, 05:31:53 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Well the not so developed countries will still take decades to adopt any form of cryptocurrency and completely eliminate fiat.
But the developed countriea have at present an option where they can quite gradually shift from fiat to cryptos. This would not be a very good ews for the banks. Thus they are afraud of btc.

But even for this to happen, allot needs to be done. All the banks need to be re-enforced to a system where now they deal with cryptocurrencies rather den paper money because certainly the existing banks cannot be dumped just like that. Also the government of any developed country would mot simply let any cryptocuremcy, be it bitcoins, take over without any check by government itself. It will certainly bring new reforms and have its authority over the digital money in one way or the other.

Title: Re: Banks admit they fear BTC
Post by: poplolnman on February 26, 2018, 06:09:59 PM

Quote from: usam_coiner on February 25, 2018, 10:38:16 AM

Quote from: BitcoinNational on February 25, 2018, 10:10:05 AM

The simple logic are like that, banks don't want their service become abandoned. People nowadays become smarter on choosing which one better money system and they found it great in Bitcoin, of course there's a lot of people who prefer to use banks for security reasons too but sooner or later they would realize about this, banks shouldn't fear, just adopt how crypto works.

Title: Re: Banks admit they fear BTC
Post by: davinchi on February 27, 2018, 10:24:02 AM

You’re right that Bitcoin is a good thing and helps a lot of people to escape poverty. But what I’m not very sure of is whether the government really fears Bitcoin. That the polish bank funds fake news on Bitcoin doesn’t mean other government are into it.

There are lots of better counties that are into cryptocurency just like the Russia, United States of America and a lot more of others from all continents. You don’t expect everyone to like crypto, cause another man’s meat they say is another man’s poison.

Title: Re: Banks admit they fear BTC
Post by: nl247 on February 27, 2018, 11:00:29 AM

Quote from: faceoff97 on February 26, 2018, 04:24:52 PM

You know when the banks have been trying to give us the cock and bull story of how the cryptocurrency ecosystem should not be delved into, due to the fact that it is uncontrolled, as this happened in a news from my country, I noticed right away that they are feeling threatened. That is good for me, knowing this is happening, may be they will want to start introducing some incentives for us to start saving back in the bank, which no one cares anymore. They had their time, they messed it up, and now they should live with it. I have been going 50 : 50 on fiat : bitcoin, maybe it is time I started reconsidering going all in. ;D

Title: Re: Banks admit they fear BTC
Post by: Hopeful2017 on February 27, 2018, 11:16:51 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Bitcoin has more advantages especially that it is decentralized in which you can have a financial and investment freedom. Banks control the fiat money, investments and exchange in our country. They are into government that regulate bitcoin. Banks are threaten in bitcoin simply because they are losing investors.

Title: Re: Banks admit they fear BTC
Post by: monomix on February 27, 2018, 01:08:51 PM

banks shall fear, btc is coming ) comparing banks strenth and btc i wouldd not fear, i would prepare

Title: Re: Banks admit they fear BTC
Post by: BTCappu on February 27, 2018, 01:19:16 PM

Quote from: Cryptoandrius on February 25, 2018, 08:32:31 AM

They don't fear they gonna make their own "bitcoin", I suppose

Even if they make their cryptocurency just like Bitcoin, bet me. It won’t succeed. It won’t even cross the line to the top 100 on the list. I know that most of these governments kicking against Bitcoin and other cryptocurencies are doing it out of their own selfish reasons. If they succeed, they will create their own cryptocurency and expect people to invest into it. Criminals, it will never work.

Title: Re: Banks admit they fear BTC
Post by: zarados on February 27, 2018, 01:28:10 PM

they should be afraid of the threat of cryptocurrency that could make the bank less desirable. but instead of taking shelter under such fears, some of the world's banks decided to adopt cryptocurrency into the banking system so that they did not miss the digital transaction technology created by cryptocurrency. Similar things happen to online public transport that is currently marked. The public transport riders inevitably have to collaborate with the online system if they want to keep bringing in passengers.

Title: Re: Banks admit they fear BTC
Post by: Ethan Friedman on February 27, 2018, 01:39:24 PM

I think a major bank in the US also came out and admitted they fear crypto. I think the phrase actions speak louder than words rings true in this situation. Governments the world over are FUDing crypto on one hand whilst funnelling as much money as they can into whilst staying under the radar. GP Morgan just purchased Poloniex for crying out loud haha. So while they may dismiss crypto as a scam, the actions we see them taking are saying the opposite.

Title: Re: Banks admit they fear BTC
Post by: Oasisman on February 27, 2018, 01:44:42 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Well, yeah its good to see that these banks and goverments admitt they fear cryptocurrencies. Everyone knows it, with a common sense. Government hates the things that they cannot control plus cryptocurrencies is a big threat to the banks. People wants to experience the financial freedom that the corrupt banks cannot give us.

Title: Re: Banks admit they fear BTC
Post by: david_019 on February 27, 2018, 01:54:33 PM

Wow! So that was confirmed directly from their own mouth? This really a good news for us because this shows how cryptocurrency is growing to the point that banks are not able to hold their emotion and announcing their fear for it. I can not hold myself laughing by while reading this because of the excitement feeling due to the confidence which was being built more my trust for cryptos. A great hit to silent those fake news bringers.

Title: Re: Banks admit they fear BTC
Post by: usam_coiner on February 27, 2018, 02:40:23 PM

Quote from: david_019 on February 27, 2018, 01:54:33 PM

yeah people now know the reality of banks that they are only working for their own business they have nothing t do with quality of life of customers and i think bitcoin provide large variety of benefits which can give an epic life ahead,

Title: Re: Banks admit they fear BTC
Post by: Harlot on February 27, 2018, 02:47:25 PM

It is just one Central Bank of a country, it has not proven anything. After all what they have been showing in their youtube video is all true and nothing exaggerated has been shown. For me it doesn't look like a video which purposely attack Bitcoin. But to me it is a video which serves as a warning for their citizens on using cryptocurrency. Looking at how the guy didn't have fiat currency which resulted for his date to pay is an embarrassing thing to see, which could be a reality in Poland where only a few business establishments are accepting Bitcoin.

Title: Re: Banks admit they fear BTC
Post by: The Lone Predator on February 27, 2018, 03:01:15 PM

Of course they are scared! As someone stated, "Bitcoin will do to the banks what e-mail did to the post industry. It will disrupt the whole system and it is just a matter of time!!!"

Title: Re: Banks admit they fear BTC
Post by: johnnythunder on February 27, 2018, 04:05:52 PM

making counterfeit news to dishonor the crypto isn't new that is the reason it is vital that this news is shared to our gathering. Also, along these lines, Central bank has a great deal of motivations to have profound worry with the present improvement in digital currency. More individuals are getting mindful of the advantages of having a crypto contrast with customary cash (fiat). The good thing with crypto is it is decentralized with nobody controlling it cost and genuinely a progressive monetary framework

Title: Re: Banks admit they fear BTC
Post by: crisasimo10 on February 27, 2018, 04:46:23 PM

Quote from: btc_angela on February 20, 2018, 09:52:33 AM

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

I agree with you, and aside from the reason that they don't want competition and that they would lose a big portion of profit, that fact that they can't manipulate it is really a big deal for them.

Title: Re: Banks admit they fear BTC
Post by: marcuslong on February 27, 2018, 06:31:22 PM

Quote from: Harlot on February 27, 2018, 02:47:25 PM

Traditional banking system has been worked on for decades,it is already established, and payments from any major cards (credit/debit) and cash are accepted almost everywhere. Use of cash does not also require an internet connection. Speaking of disadvantages, bank fees can be expensive, lack of transparency on how system runs, inflation slowly can gradually destroy value of held cash. Whereas in the bitcoin world,it is a decentralized digital currency, and in the fast-pacing world of technology it makes it more convenient and comfortable to access it in any part of the world you are and transparency is there wherever you want it at the same time it's cheap to send transactions with no extra charges.

Title: Re: Banks admit they fear BTC
Post by: warrior333 on February 27, 2018, 06:55:39 PM

Quote from: marcuslong on February 27, 2018, 06:31:22 PM

Quote from: Harlot on February 27, 2018, 02:47:25 PM

It seems to me that the amount of Bank charges is not very large. The main problem is that Fiat and crypto currencies are used in different economies. This stimulates the outflow of Fiat from the banking sector and destroys their traditional ways of earning. This threatens the collapse of the banking system and great problems in the economy.I think the economic wars between banks and cryptocurrency are just beginning.

Title: Re: Banks admit they fear BTC
Post by: fulmetal08larz on February 27, 2018, 07:29:02 PM

It is because they know they could lose funds and they fear what they do not understand. The evolution of our monetary system should be embraced by them because they should know that our generation is now living towards technological advancement and blockchain technology pioneered by BTC could be utilized to gain people's trust in managing their funds.

Title: Re: Banks admit they fear BTC
Post by: Cryptoproff on February 27, 2018, 08:04:23 PM

believe that the bank will not show fear on bitcoin because bitcoin has no taxes while bank is already been taxes from the start.

Title: Re: Banks admit they fear BTC
Post by: grabpopcorn536 on February 27, 2018, 08:07:44 PM

Quote from: Bonsaiav on February 20, 2018, 01:23:15 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Our beloved gov guys prefer us to put our money on a bank account, which is like we are lending them our money and hope we will see it again.

True, it seems they don't want to if the community moves alone, without their bank.

Perhaps this story is well known, but we can not take these banks to accept Bitcoin, it can be seen that the influence of Bitcoin on the degradation of banks is so large Bitcoin, which has so many weak economies, cannot meet Bitcoin's market demand.

Title: Re: Banks admit they fear BTC
Post by: liseff3 on February 27, 2018, 09:11:47 PM

Quote from: johnnythunder on February 27, 2018, 04:05:52 PM

making counterfeit news to dishonor the crypto isn't new that is the reason it is vital that this news is shared to our gathering.

Quote from: Bonsaiav on February 20, 2018, 01:23:15 AM

Quote from: johnnythunder on February 27, 2018, 04:05:52 PM

The good thing with crypto is it is decentralized with nobody controlling it cost and genuinely a progressive monetary framework

Who says no one is in control of the fee please does case studies, transfer your bitcoin no matter how big, is it true there is no charge?...

Title: Re: Banks admit they fear BTC
Post by: AimHigh on February 27, 2018, 10:35:26 PM

Yes you are right and sometimes banks are the one who didn't accept or against on bitcoin so if the owners of many banks was against on it i think this is one of the reason why rhe government banned or not approve bitcoin because pf the influence of money because banks know that the bitcoin was a big threat to there business and i think if bitcoin will be our currency many banks will be down.

Title: Re: Banks admit they fear BTC
Post by: rickadone on March 01, 2018, 03:38:57 PM

Quote from: shellomomma on February 26, 2018, 04:16:31 PM

They cant beat BTC so they find a way in Ripple. But most people now understands the power of decentralization and hence the rise of BTC,

That would even be the worst mistake ever, considering the history of ripple. Decentralization is here to stay, sure there would be some monopoly here and there which we are already seeing in the market, but the idea of decentralization makes it worth it a lot and the fact that the banks are losing out on the centralization power makes it even more appealing.

They would end up begging us to give them job and save no matter how little when the time comes.

Fears of banks is pretty obvious they have always been scared and know the implication of that for me. Come to think of it, my bank has been giving me some good interest on my savings recently, which has not really been something I have seen much from the past, and also, I keep getting the message of doing international transactions and getting some benefits. It seems they are really beginning to see how the power is leaving their hands.

Big big thanks to Satoshi.

Title: Re: Banks admit they fear BTC
Post by: pelipurlara on March 01, 2018, 03:53:50 PM

Quote from: zarados on February 27, 2018, 01:28:10 PM

A Government Bank may block someone's account if they do not have access to person information about the transaction. Because the blockchain technology we can do anything we want in the world of crypto.that makes crypto feared by the bank and my government that the problem of privacy and anonymity. Because the creation of a crypto wallet requires little or no personal information about yourself.

Title: Re: Banks admit they fear BTC
Post by: Bustart on March 01, 2018, 04:36:33 PM

Quote from: rickadone on March 01, 2018, 03:38:57 PM

Quote from: shellomomma on February 26, 2018, 04:16:31 PM

They cant beat BTC so they find a way in Ripple. But most people now understands the power of decentralization and hence the rise of BTC,

Bitcoin has now become a threat to banks and other sectors, despite its decentralization it also provides a lot of pros. It does not consume time as you don't need to visit banks to check balances and can access accounts readily and easily from anywhere and anytime by the use of internet.

Title: Re: Banks admit they fear BTC
Post by: Hell-raiser on March 01, 2018, 04:41:23 PM

Quote from: The Lone Predator on February 27, 2018, 03:01:15 PM

Of course they are scared! As someone stated, "Bitcoin will do to the banks what e-mail did to the post industry. It will disrupt the whole system and it is just a matter of time!!!"

Yeah, some banks won't make it to the finish line. But still, email may have affected the post industry to a degree, though the telephone did the same or even more than that long before it. Neither killed this industry. We still have to use the post services to receive orders from online shops or whatever. Cryptocurrencies will compete with the banking industry, but personally, I don't think they will kill it just like Visa and Mastercard didn't kill it either. Loans in crypto are not very popular and widespread given the present levels of volatility, and that's unlikely to change in the near future. Thus, banks will stick around for some time.

Title: Re: Banks admit they fear BTC
Post by: Delivey on March 01, 2018, 05:51:40 PM

If your adversaries are stronger than you, it is better to join their side. Banks are trying to take over cryptocurrency.

Title: Re: Banks admit they fear BTC
Post by: awawo on March 01, 2018, 06:08:18 PM

Well this is an old story, but at that it is very obvious that the bank and the government will be against bitcoin and other cryptocurrencies because the bank and the government sees bitcoin at a threat to they existence because the role that bitcoin is playing in the life of the people is far more advance then the role the bank and government plays in our life. e.g bitcoin offer us full authority over our financial life.

Title: Re: Banks admit they fear BTC
Post by: Aikidoka on March 01, 2018, 06:33:44 PM

They do not only fear BTC, they also fear all the other cryptocurrency because once bitcoin is replaced by another crypto, it surely will be threat to the banks, followed by the economy, then the country. That is why many countries are banning the use of cyrptocurrency. I really respect these people who are against the corrupted governments. They always try to find a way to make a living on their own because their governments was not fair to them.

Title: Re: Banks admit they fear BTC
Post by: carlfebz2 on March 01, 2018, 06:39:23 PM

Quote from: Hell-raiser on March 01, 2018, 04:41:23 PM

Quote from: The Lone Predator on February 27, 2018, 03:01:15 PM

Of course they are scared! As someone stated, "Bitcoin will do to the banks what e-mail did to the post industry. It will disrupt the whole system and it is just a matter of time!!!"

Not would just stick for sometime but they would retain on their places on forever and as long theres a government it wont be easily derailed and lots of people do still believe on these institutions when it comes on money security, traditional transactions that most people do know and the convenience that it gives.We all know adoption isn't still at full extent when it comes to bitcoin and if coming to a point on where all people is already aware on bitcoins existence then we cant say on what would totally happen.

Title: Re: Banks admit they fear BTC
Post by: BarbusseH on March 03, 2018, 06:02:19 AM

The article on the zerohedge.com (The REAL Reason the Elites Want to Ban Cash) refers to the prohibition of cash, not the cryptocoin. This site has an alarmist worldview, I'm not sure that it should be taken into account when making investment decisions.

Title: Re: Banks admit they fear BTC
Post by: Sir Cross on March 03, 2018, 06:19:41 AM

Quote from: marcuslong on February 27, 2018, 06:31:22 PM

Quote from: Harlot on February 27, 2018, 02:47:25 PM

Perhaps the disadvantages which you have mentioned is precisely why banks are admitted to fear bitcoin, because where they lack is alternately where bitcoin is better. It's but normal to think of bitcoin as a threat since there's the chance that Bitcoin could revolutionize the world for payment systems. People may prefer the use of bitcoin over banks someday, and this is what would kill banks in the future.

Title: Re: Banks admit they fear BTC
Post by: magicmeyk on March 03, 2018, 06:36:36 AM

I stopped putting money in my account lately because some banks here in the Philippines are closing your account if your engaging bitcoin in your account.

Title: Re: Banks admit they fear BTC
Post by: crocozino on March 03, 2018, 06:42:49 AM

I heard the news that goldman through its controlled company circle took control over poloniex
that is showing the direction where the bank will go
I think they understood they can't stop crypto, that is why they decided to take control of crypto from inside..

Title: Re: Banks admit they fear BTC
Post by: carter34 on March 03, 2018, 06:49:34 AM

It was obvious that some propaganda was going on to scuffle the growth of cryptocurrency. The owners of banks especially would ensure they fight bitcoin which they see as a threat in there business. This is expected as change is really difficult to stand but soon, with more revelations. We shall see more progress .

Title: Re: Banks admit they fear BTC
Post by: Spain2000 on March 03, 2018, 08:47:58 AM

Banks have many functions and if they admit that they fear Bitcoin they may be because of the bitcoin legality and they have paper money which is not volatile as like bitcoin so they are fearing now and bitcoin is good and soon this will be accepted by banks and the countries will be accepted this currency as this is the best coin for me now .

Title: Re: Banks admit they fear BTC
Post by: Lenzie on March 03, 2018, 08:55:29 AM

Bitcoin since from the very first start has been a threat not just from banks, government and economy of the country. Time will come that there will be a much minimal use of cash and banks since people are becoming more aware of trading and investing using bitcoin. Bitcoin is also a threat to the security of a certain country. Imagine bringing a lot of cash without showing it to a the security of the airport.
Bitcoin can be use by alot of terrorist in buying all there materials and medical kits. There is a lot of threats that this coin imposed as well as convenience.

Title: Re: Banks admit they fear BTC
Post by: Elips1 on March 03, 2018, 09:48:18 AM

Obviously it's possible because bitcoin is a decentralized form of currency that could not control by any institutions or groups, then crypto could reduce manpower and paperworks. This is the reason why banks didn't ready to adopt crypto they are really fear of bitcoin. Bitcoin is worthy for preventing corruption.

Title: Re: Banks admit they fear BTC
Post by: blueteam09 on March 03, 2018, 10:11:14 AM

Bitcoins do not help us get out of poverty when we are the lips of sharks and have elephants every day. They are the ones who can control Bitcoin move the way they want. Terrorist groups use it as a way of calling the method the monetary funds help them develop. This is what every nation is afraid. If terrorist groups begin to act and succeed in their campaign, do you think your future life will be better than the present?

Title: Re: Banks admit they fear BTC
Post by: BitHodler on March 03, 2018, 10:33:27 AM

Quote from: magicmeyk on March 03, 2018, 06:36:36 AM

I stopped putting money in my account lately because some banks here in the Philippines are closing your account if your engaging bitcoin in your account.

That would be reason for me to directly ditch that bank and move to the next one. If your bank decides for you what you can spend your own money on, things are going wrong, horribly wrong.

I however wonder if this for you affects only purchase through credit, or also when you wire money that you actually have? In the first case I wouldn't really mind it because you can easily bypass that restriction.

If it's the latter, then do as I said and switch to another bank seeming more friendly towards crypto. If that doesn't work for you either, you can always fall back on local markets to buy and sell crypto.

Title: Re: Banks admit they fear BTC
Post by: bololord on March 03, 2018, 10:53:34 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

I think they really should if they don't want a big improvement on our currency we are using right now. Not just they are afraid of bitcoin but the whole cryptoworld as it is very dominant right now and very popular and uptrend right now. I think blockchain technology is better thank the banking system we have right now as it has more advantage than traditional currency though its impossible to replace it.

Title: Re: Banks admit they fear BTC
Post by: micleeiu398 on March 03, 2018, 11:05:26 AM

Quote from: Bustart on March 01, 2018, 04:36:33 PM

Quote from: rickadone on March 01, 2018, 03:38:57 PM

Quote from: shellomomma on February 26, 2018, 04:16:31 PM

They cant beat BTC so they find a way in Ripple. But most people now understands the power of decentralization and hence the rise of BTC,

By the way banks don’t have to get feared from bitcoins as everything is made for own purposes. Although bitcoins have some features like payment method that have much resemblance with banks but still no need to worry. I think when bitcoins will be national currency then banks need to modify their policies and features, as this would be the only safe way.

Title: Re: Banks admit they fear BTC
Post by: Kevin77 on March 03, 2018, 11:19:43 AM

Quote from: mahilchii on February 26, 2018, 03:27:49 PM

Quote from: xuv500 on February 25, 2018, 07:38:03 AM

Well, they can keep trying. Is it not obvious already they cannot win this fight? Gone are those days when some banks would be busy uttering nonsense and then thinking a lot of people would fall for their trash. Let's face it, this is the digital age and evolution is here, they should better live with it and move on. They should really be scared and I am not surprised anyway. I would be, if I am part of the banking system.

A time will come when they will be begging for us who are smart enough to come save in the bank. It is a good thing knowing that the cryptocurrency space is developing a lot, and the fact that the system is being regulated gives the bank more to fear knowing that this has come to stay, which is why I have always said there is more advantage to regulation of the cryptocurrency space than the disadvantage.

Title: Re: Banks admit they fear BTC
Post by: gambitcoin53 on March 03, 2018, 12:13:15 PM

Everyone fears for something they cannot control, same with govt and banks, since cryptocurrency is decentralized, they cannot simply control the online market, though this issue is running since the day bitcoin grabs the attention of taxpayers, this confirmation nailed it. Though it is obvious and already expected to happen. Govt and banks are also adopting, and really into distabling the market. But bitcoin is way ahead of them.

Title: Re: Banks admit they fear BTC
Post by: LovelyFLOWER on March 03, 2018, 12:28:06 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

It is possible since bitcoin is too broader than any thing so that banks can also admit that they are fear with bitcoin because bitcoin can be possibly occupy the banks because nowadays bitcoin is safer than banks and any transactions deals to investment. Bitcoin is more saffer and better because you can be able to used your money or such investments in every where because bitcoin is for international.

Title: Re: Banks admit they fear BTC
Post by: beej on March 03, 2018, 02:18:57 PM

Quote from: jemarleon on February 20, 2018, 05:40:12 AM

Maybe the fear and possible resentment they have with bitcoins is due to the fact that they have no solid
ground or equal foothold with bitcoins. The lack and absence of a leverage is also reason enough for banks
to implicate and discriminate bitcoins. Bitcoin is gaining so much propriety and recognition, I do think both
can coexist and find an arrangement of some sort or agreement perhaps to make things more reliable,
productive and efficient for the people. Bitcoins can learn from banks as banks can with bitcoins. Banks are
traditionally reliable but with the emergence of a new technology and innovation somehow affects them in
a certain way, that plenty of us haven't really fully unraveled.

Title: Re: Banks admit they fear BTC
Post by: dragoz11 on March 03, 2018, 02:31:26 PM

as you said that the govs are trying to reduce or ban normal cash, isn`t bitcoin giving them this opportunity to ban the cash and use it as a general currency. This market is very speculative and really interesting things are going on.

Title: Re: Banks admit they fear BTC
Post by: DaftAjax on March 03, 2018, 06:19:18 PM

We already know that. It is very obvious that they are frightened to the cryptocurrency and what can it do, or what effect it will do. Talk about tax-free currency for the people, that is definitely a pain in the ass.

Well we cannot blame them, as we pay our taxes variety of services and concerns are being provided, to ensure our safety and wellness overall.

I wouldn't say that we have to rejoice about it, look at what happened to China, you might end up experiencing the same thing - depends on your country that is. And another point is that, though it is true that it can be salvation to others and more profit to some, still we need the government whether you like it or not. Might as well be aware about whatever the government's decision may be about the cryptocurrency, that would be final.

But then again, there are many ways that the government could potentially manipulate cryptocurrency inside your country that is (not entirely through the blockchain).

Title: Re: Banks admit they fear BTC
Post by: ikipiye on March 03, 2018, 08:34:41 PM

even in my country a lot of issues in the news through the national TV media, even the president of state banks participated preach that bitcoin is prohibited. but this has no effect on me, maybe this just plays a big role in price movements to manipulate bitcoin prices.

Title: Re: Banks admit they fear BTC
Post by: joebrook on March 03, 2018, 08:50:50 PM

Quote from: ikipiye on March 03, 2018, 08:34:41 PM

The governor of the central bank in my country says that Bitcoin is illegal because there are no regulations for it but that isn't stopping the people in buying and accumulating for their financial gains in the near future.

Title: Re: Banks admit they fear BTC
Post by: Capt00 on March 03, 2018, 09:10:33 PM

We're getting more into competition everyday that brings us into trouble and misunderstanding. Actually, banks will sure get worried cause crypto is getting strong and continuously spreading worldwide. With that happenings, it may consider that a lot of people where getting into it and left banks. They just totally worried of how much they loss when people will leave them, because crypto won't need banks and banks may become not useful at that time.

Title: Re: Banks admit they fear BTC
Post by: Rubble898zaitO on March 03, 2018, 09:35:40 PM

A very good read, thanks. It seems like banks will do whatever they can to discredit crypto currency, huh? I guess that's all part of the business. Crypto Currencies are getting a lot of attention from potential investors which in turn increases its profitability. Moreover, it hurts banks especially when investors cash out as it means they would have to release funds which, as I would put it, didn't come from any regulated form of investment.

Title: Re: Banks admit they fear BTC
Post by: toygama on March 03, 2018, 09:42:05 PM

Quote from: btc_angela on February 20, 2018, 09:52:33 AM

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

Of course that's the game of the business the banks seen already that bitcoin is possible rival in their business, cryptocurrency can provide their own wallet it means less clients for the bank. Digital currency can manipulate its transaction by not doing the normal bank procedure. Banking business still needed for fiat transactions that's their advantage.

Title: Re: Banks admit they fear BTC
Post by: genocide on March 04, 2018, 05:52:35 AM

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

Banks are afraid of BTC because it really affects their daily transactions and considered BTC as one of their major competitors. Why? Because when people know how to invest in BTC, they don't need a bank to do the transaction. They can easily transfer and get money as it is their own bank who do transactions for them. The use of BTC also decreases the number of depositors and creditors. People do not need to deposit in a bank but rather investing their money in BTC for a higher return on investment.

Title: Re: Banks admit they fear BTC
Post by: BTCeminjas on March 04, 2018, 08:11:27 AM

Quote from: genocide on March 04, 2018, 05:52:35 AM

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

That's exactly right, that's why some countries did not embrace bitcoin at their place. There is the reason why it is because it may use for illegal activities but behind of that they want to regulate bitcoin or they want to eliminate their big competitor in terms of currency holding.
Yes, it may lessen their investors and creditors because bitcoin is very profitable to invest and the best thing is you are the one who holds your money without paying tax.

Title: Re: Banks admit they fear BTC
Post by: Alalex on March 04, 2018, 08:27:59 AM

I think the banks are getting restless because they feel that there is a strong competition, so a lot of fake news and lies are starting to terrorize cripto money.

What a stupid government forbids the cripto money from being useful.

Whereas with the existence of this cripto money can help reduce poverty of the world that the average world population experiencing poverty more than 70% of all humans in this world.

Therefore we should be able to keep the good name of cripto money to be well judged in the presence of government and people around us.

My current will is that the government is paying attention to the fact that cripto money is useful to people and to all people.

Title: Re: Banks admit they fear BTC
Post by: ivrynx on March 04, 2018, 09:03:05 AM

There is no doubt that banks will fear cryptocurrency, since banks are also holding currencies for themselves, and it is a business for them. Once people learned how to use cryptocurrencies and take advantage of the security that their wallets can provide, there will be less and less people that will go to banks just to save or jvest their money on, since there is already an alternative way, in which it is much safer, costs less and much faster than the traditional banking system. Cryptocurrencies are no doubt much superior than banks, but still needs more improvement is some parts since people are just starting to like cryptocurrencies as a whole, not just bitcoin.

Title: Re: Banks admit they fear BTC
Post by: hajimasan on March 04, 2018, 09:27:47 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

This is truth that banks are feeling fear from the technology of cryptourrency Because here we are moving our money and making lots of earnings and opposite of this we are not flowing our money into bank that why they are thinking that if this will happen continuously forward then surely it will result into that people no more out Thier money in bank and will go only for cryptourrency .
So due to this reason they are forcing government authorities to take a legal action against cryptourrency and at another side banking sector are claiming that they will use bloclchain technology to make more secure Thier system soy hat people can move towards the banking system more than what Thier attention towards the cryptocurrency is .
Here we should not get into fear at any side because these are just Rumours and only a way to make people to get into Panic .

Title: Re: Banks admit they fear BTC
Post by: munareal on March 04, 2018, 09:49:28 AM

What do you expect from them when the know that crypo currencies will one day take over their business and crypto dealing is the future.The wise ones will try to study the blochkchain technology and integrate them to their business . Propaganda can not kill the truth

Title: Re: Banks admit they fear BTC
Post by: MIZANUR5033 on March 04, 2018, 04:18:01 PM

People are getting success from bitcoin but banks and governments are loosing some benefits by using this coin by the people.
There is no community between bank and bitcoin so that people can invest and cash out money from this coin without any taxes and fees. Now people are investing much money into bitcoin by rejecting lay down their money into bank so it is not good for any bank.

But there is no any aggressive step taken by any bank till now and there is many fake news is running beside us. Don’t take any decision by knowing any of them. Bitcoin will be at there at recent future that’s for sure so that you can run your dealing with it without any confusion.

Title: Re: Banks admit they fear BTC
Post by: Gameroid on March 04, 2018, 04:27:20 PM

Quote from: genocide on March 04, 2018, 05:52:35 AM

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

In current time i do not think that they afraid from bitcoin, because still there is no such bad effect of crypto currencies on banking system, but in future when the users of crypto currencies will increase then may be they start giving more preference to online currency and will ignore banking system and then it will surely harm banking system too much.

Title: Re: Banks admit they fear BTC
Post by: innocent93 on March 04, 2018, 04:32:34 PM

Somtimes is hard to belive in something when everybody are against it. The fact that everything went public it is just an other way of mass manipulation, i belive that behind doors banks and goverments are real investors in crypto.

Title: Re: Banks admit they fear BTC
Post by: raidarksword on March 04, 2018, 04:45:47 PM

Banks fear bitcoin because it can make them out of business in the future. Banks get profit from their depositors that is why they are doing everything they can to give bad reputation about bitcoin by talking out on medias. More people should be more aware about bitcoin because it can and surely will lift them up from poverty.

Title: Re: Banks admit they fear BTC
Post by: kissme09 on March 04, 2018, 04:49:27 PM

In my country because Bitcoin increasingly developed banks increasingly worried about it. They are afraid that Bitcoin will be the people's choice to keep their money instead of choosing the bank for the savings. This makes banks unable to scale their capital.

Title: Re: Banks admit they fear BTC
Post by: BTC-BTC-BTC on March 04, 2018, 05:42:19 PM

I don't know is that big a problem as they think. Banks will come up with new ways to earn more incomes thru different ways. All the laws are setup to protect big banks in most countries. So I don't they have any problem in long term.

Title: Re: Banks admit they fear BTC
Post by: btc.xbt.btc on March 04, 2018, 06:22:34 PM

It was obvious since the beginning. Anything that can threat the control they retain over wealth and money would fear them. And the fear is even bigger when they are dealing with something that is decentralised, harder to track and anonymous.

Title: Re: Banks admit they fear BTC
Post by: P3 on March 06, 2018, 09:13:47 AM

Everybody fears for something they can't control, same with govt and banks, since cryptographic money is decentralized, they can't just control the online market, however this issue is running since the day bitcoin snatches the consideration of citizens, this affirmation nailed it. In spite of the fact that it is evident and as of now anticipated that would happen. Govt and banks are additionally receiving, and truly into handicapping the market. In any case, bitcoin is path in front of them.

Title: Re: Banks admit they fear BTC
Post by: RudeeTam on March 06, 2018, 09:29:00 AM

It's a long time coming. With crypto making a killing in the market especially in global trading and making people money, they are very afraid that people might lose interest in investing in their stocks and putting their money in banks. But really, banks are still relevant with this kind of business and I believe they shouldn't be concerned much.

Title: Re: Banks admit they fear BTC
Post by: miltonpogi on March 06, 2018, 01:20:28 PM

For me, it is true that banks fear BTC, because as you see most of the investors find a investment sites that they can gather a large amount of money, that mentality of investors become the fear of banks to BTC, banks know that in transactions and holding BTC is more sufficient than them, but banks will never let happen that's why they are making some changes in their process.

Title: Re: Banks admit they fear BTC
Post by: saqibmunir on March 06, 2018, 01:25:18 PM

Quote from: toygama on March 03, 2018, 09:42:05 PM

Quote from: btc_angela on February 20, 2018, 09:52:33 AM

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

Yeah Banks in general, are always looking for ways to reduce their exposure to risk by balancing the profit from the provision of loans and investments on behalf of their clients. The bitcoin system in its present form should seem so insignificant in comparison with the usual operations of the bank, which, probably, is not worth contemplating.

Title: Re: Banks admit they fear BTC
Post by: carlisle1 on March 06, 2018, 01:28:37 PM

Banks should be afraid of crypto.because in the future they will be crying for this community to keep them alive..now they've got to go down to our level to get new clients.thats why in our region fees for open accounts for the bank goes very lower,from 200$ tp 20$ now

Title: Re: Banks admit they fear BTC
Post by: YinShuiSiYuan on March 06, 2018, 01:39:16 PM

Banks will fight Bitcoin for a long time. The existence of bitcoin threatens their privileged position and takes profits from interest. More and more investments are financed by cryptocurrencies, where they can not control the flow of money.

Title: Re: Banks admit they fear BTC
Post by: romeo23 on March 07, 2018, 06:28:02 AM

Banks fear Bitcoin,and theres no doubt about that.With the constant research on and development of Bitcoin which seeks to solve new financial problems in today's Global economy,it is possible for banks to give way to a more decentralized system of performing transactions.Bitcoin and other Cryptocurrencies are not only secure but are also fast,anonymous,transparent and non susceptible to government or central bank interference.There is no reason why banks should not be afraid of them...

Title: Re: Banks admit they fear BTC
Post by: aeternus on March 07, 2018, 07:00:58 AM

Quote from: magicmeyk on March 03, 2018, 06:36:36 AM

I stopped putting money in my account lately because some banks here in the Philippines are closing your account if your engaging bitcoin in your account.

That is to be expected banks and governments are every day more fearful of bitcoin and what it can be done with it and each day it passes and bitcoin keeps in thriving it is a sign of defiance against the current system, if people begin to stop using banks then the whole system crashes down but even if that happened bitcoin will still keep going so they cannot even use the strongest way they have to try to coerce people into following them which is to reset the economy.

Title: Re: Banks admit they fear BTC
Post by: Polipog on March 07, 2018, 07:11:47 AM

In my country, I already heard a certain news about negative issues about bitcoin, it is actually a verbal warning from central bank to all investors in bitcoin to be careful because of the risk future. However, there is also a good news about adaptation of bitcoin, it is a union bank who will soon accept any bitcoin transactions. And hopefully the total adaptation of bitcoin in union bank will approved.

Title: Re: Banks admit they fear BTC
Post by: Astvile on March 07, 2018, 07:13:50 AM

Here in philippines,banks are somewhat contradicting and stopping bamk users upon using bitcoins.There are numbers of bank account deactivation that is happening here when a such user uses funds from bitcoins to cashing out to their bank services.They dont like the bank to get overcomed by bitcoins

Title: Re: Banks admit they fear BTC
Post by: rancidgash on March 07, 2018, 07:16:06 AM

Quote from: romeo23 on March 07, 2018, 06:28:02 AM

Governments and other powerful institutions that have been benefiting from the existing banking system can never be happy with Bitcoin. It takes power away from them. They will do anything to gain control over it, but they can only control exchangers and some transactions that they will manage to, but the entire system of Bitcoin remains beyond any government or institution.

Title: Re: Banks admit they fear BTC
Post by: susuberuang on March 07, 2018, 07:48:51 AM

yes you are right this possibility bank just scared about the existence of digital currency like cryptocurrency that there can also be used to save money so bank only used to withdraw money only.

Title: Re: Banks admit they fear BTC
Post by: Pamadar on March 07, 2018, 08:28:22 AM

Quote from: susuberuang on March 07, 2018, 07:48:51 AM

yes you are right this possibility bank just scared about the existence of digital currency like cryptocurrency that there can also be used to save money so bank only used to withdraw money only.

Banks owners knows how to play for their advantage, for sure they are just doing good advertising and creating bad publicity in order to hold much bigger stakes inside the crypto industry, it's the big businesses who always play around the market as we see that banks ceo like Jamie Dimon from jp morgan's already showed some statement about crypto stating negative position but for sure they know that they can't do nothing about it.

Title: Re: Banks admit they fear BTC
Post by: onebtcforlife on March 07, 2018, 08:42:06 AM

Banks are the major concern for the government because without Banks it is not possible to identify the transaction but Banks are facing problems with the Bitcoin because without any involvement of Banks people buying and trading the Bitcoin it makes very frustrating the banks. Mostly governments want to legalize Bitcoin only if Banks accepts.

Title: Re: Banks admit they fear BTC
Post by: Tapyaks72 on March 07, 2018, 08:56:43 AM

Quote from: onebtcforlife on March 07, 2018, 08:42:06 AM

Yeah of course will expect tha bank will go against bitcoin because as what bitcoin purpose decentralization is to avoid third party,whom you think are the party that is the bank. If the decentralized platform will prevail I am sure they have no place in system so as much as they do they will stop bitcoin at any cost.
.

Title: Re: Banks admit they fear BTC
Post by: torch2121 on March 07, 2018, 09:26:03 AM

Yes bank should be afraid of Bitcoin. Why? Because Bitcoin is decentralized and it is open for all. Compare to bank, bank profit on people who bank their money. Were they got nothing in return. Except for those account is savings. Bank can freeze your account which is the worse thing. I know that, that only happens to people who have criminal cases. But what would happen to the family of that person if it got freeze. Which I am more favor to Bitcoin in that case. There will be a big competition between bank and Bitcoin. What I see is Bank will start to loose client. A lot of client will entertain Bitcoin most specially the one that are poor, Bitcoin is open for all. Because of us more and more people are joining and entertaining Bitcoin and a lot now are supporting Bitcoin.

Title: Re: Banks admit they fear BTC
Post by: goku1525 on March 07, 2018, 10:58:44 AM

Quote from: torch2121 on March 07, 2018, 09:26:03 AM

Definitely, bank are afraid on bitcoin because of the capabilities and less payment when it comes to transaction, we all know that bitcoin proudly entertain people and encourage for the opportunities that has. If we compare about bitcoin and bank, definitely bitcoin is better because it has more capabilities and opportunities while in bank its more about in saving and has no return of profit.Bitcoin is also our future currency and our earning of income.

Title: Re: Banks admit they fear BTC
Post by: Pendularin on March 07, 2018, 11:15:42 AM

Quote from: goku1525 on March 07, 2018, 10:58:44 AM

Quote from: torch2121 on March 07, 2018, 09:26:03 AM

Yes I agree because of the capabilities and opportunities on bitcoin its totally admit the bank that they fear on BTC. As we look on the BTC conversations, many investors earning much profit than the other investor on bank. We can learned new things here and it will develop your knowledge about investing money.

Title: Re: Banks admit they fear BTC
Post by: yanlap on March 07, 2018, 06:32:04 PM

Quote from: Pendularin on March 07, 2018, 11:15:42 AM

Quote from: goku1525 on March 07, 2018, 10:58:44 AM

Quote from: torch2121 on March 07, 2018, 09:26:03 AM

Previously banks use to gather their customers to tell them about some new investments which they were planning and if someone will deposit the money, the bank will offer them the profit. That was okay, but the problem was that for certain period of time, your money was totally in the use of the banks and you had no right over that money also the profit which were offered was very less. Now you have you control on the money every time and anytime plus you can get the profit as well, so banks should have to be very very scared.

Title: Re: Banks admit they fear BTC
Post by: mrtryonebiggums on March 07, 2018, 06:41:33 PM

Quote from: yanlap on March 07, 2018, 06:32:04 PM

Quote from: Pendularin on March 07, 2018, 11:15:42 AM

Quote from: goku1525 on March 07, 2018, 10:58:44 AM

Quote from: torch2121 on March 07, 2018, 09:26:03 AM

Its not even about the profits though...it is about losing the control of surveillance on their customers. Don't know who is upset more the banks or the governments here, but the freedom is what they don't want us to have. That is what they fear the most I believe, and that is why I am in love with Bitcoin.

Title: Re: Banks admit they fear BTC
Post by: jhonjhon on March 07, 2018, 09:51:31 PM

Quote from: susuberuang on March 07, 2018, 07:48:51 AM

yes you are right this possibility bank just scared about the existence of digital currency like cryptocurrency that there can also be used to save money so bank only used to withdraw money only.

It may happens that banks are used only of having such transactions but not enough to be worried so much. The things they worried is that, when no one's will used banks anymore. But considering that we all not engage in crypto, still a lot of people using banks and there is no chances of putting an end to fiat banking system.

Title: Re: Banks admit they fear BTC
Post by: richardsNY on March 07, 2018, 11:53:53 PM

Quote from: mrtryonebiggums on March 07, 2018, 06:41:33 PM

Control is more something that plays an important role for governments rather than banks. Don't forget that banks are nothing more than a tool for governments to control people's wealth. Controlling people's wealth translates into controlling people themselves, that important is the financial aspect. Banks will abide by all rules the government comes up, and that without hesitation. At worst, banks on their own do fear how much crypto in its entirety will be able to eat away its market share in the future. Crypto allows you to be your own bank to maintain value, move value without central approval at any second of the day, etc. It basically means that essentially, a large portion of their core business has become redundant at the moment crypto became a thing. It doesn't mean banks are entirely redundant, but just partly, which we as crypto enthusiasts can be proud of.

Title: Re: Banks admit they fear BTC
Post by: jcarlo on March 08, 2018, 12:22:40 AM

Quote from: Capt00 on March 03, 2018, 09:10:33 PM

Bank will worries on cryptocurrency because when people adopting crypto, bank wont needed anymore as intermediary transaction. Their transaction will more small than now and people will more save money if adopting cryptocurrency for their transaction

Title: Re: Banks admit they fear BTC
Post by: portotoi on March 08, 2018, 01:11:14 AM

That is a good reason why the banks are afraid of crypto currencies. This crypto currencies can really give us good earning and most of the investors from the banks are going to invest in crypto currency because it has a more great interest than puting your money in a bank. The banks may encounter a decrease of investors and stakeholders because of this.

Title: Re: Banks admit they fear BTC
Post by: amih on March 08, 2018, 01:14:55 AM

It is true that some negative news about bitcoin today is very often publicized, even many big banks have been bitterly opposed to bitcoin because they fear that bitcoin will radically interfere with their business model and for other reasons why they reject it against bitcoin. But in reality, the banks have seen blockhaind technology for a breakthrough in the banking system but will eliminate the decentralized system that has become the foundation of bitcoin. This of course there will be bank control and eliminate the existing transparency system and also the bitcoin.

Title: Re: Banks admit they fear BTC
Post by: tprabash on March 08, 2018, 01:40:19 AM

I dont know why banks a not using bitcoin but bitcoin is a good exchange

Title: Re: Banks admit they fear BTC
Post by: gorodi on March 08, 2018, 06:00:43 PM

Banks really fear Bitcoin. Only one example: central Bank in Poland with some other finance institution organized campaign to discredit Bitcoin and cryptocurrencies. It was done through Youtube recently.

Title: Re: Banks admit they fear BTC
Post by: Mystica101 on March 11, 2018, 12:36:31 PM

You got the point there and I guess this is the main reason why the government banks and corrupt officials in my country spreading a complete awareness through television news that it is not a good idea to invest in digital currencies for their reason that it is risky and no assurance of return of investments but some people who know alot about bitcoin doesn't listen to these lies but rather they just continue to support bitcoin. Greedy and dirty politicians just wanted all for themselves they simply doesn't care for the less fortunate people to get over from poverty.

Title: Re: Banks admit they fear BTC
Post by: Minnie1928 on March 11, 2018, 12:49:12 PM

Quote from: gorodi on March 08, 2018, 06:00:43 PM

If all the investors would pull the money from the banks and made the investment into cryptocurrencies banks would be broken.
If all other people which have never invested would do the same banks would fall.
Government is fearing of the consequences from the losing all the money we are actually lending them because the only system to get the payment from the regular job is through the bank.
The future is unpredctable and I doubt that the banks will fall but they cannot discredit the cryptocurrencies anymore because more and more people are realizing the true intentions behind government masks and delusions.

Title: Re: Banks admit they fear BTC
Post by: DaftAjax on March 12, 2018, 01:47:28 PM

Quote from: tprabash on March 08, 2018, 01:40:19 AM

I dont know why banks a not using bitcoin but bitcoin is a good exchange

I found an article entitled: Central banks could hold bitcoin and ether for the first time in 2018, cryptocurrency CEO says (https://www.cnbc.com/2017/12/18/central-banks-will-hold-bitcoin-and-ether-in-2018-blockchain-ceo.html)

According to the article soon they will start on using Cryptocurrency. The goverment might not get the full grasp of cryptos, they have other ways, that is by regulations. An excerpt from the article:
"I think this year will be the first year we start to see central banks start to hold digital currencies as part of their balance sheet," Peter Smith, CEO of Blockchain, told CNBC.

Quote from: gorodi on March 08, 2018, 06:00:43 PM

Well, some countries will do some counter measure in order for them to protect their economic growth (GDP). They needed it to improve the country itself, and by that they need taxes and other ways. But since cryptocurrencies are decentralized, they don't have the power to take control, so their solution is to regulate OR worse ban for good.

Title: Re: Banks admit they fear BTC
Post by: Rosscy on March 12, 2018, 02:00:54 PM

Quote from: amih on March 08, 2018, 01:14:55 AM

All is about competition. If we look back, the competition between banks itself has often happened, even the WesternUnion option with money transfer service around the world faster than the bank transfer is certainly also a threat to the Bank. Crypto currencies, which can send money in the form of crypto in minutes and very low cost like dogecoin, stellar, etc. and can be converted to local money in some online exchanges. This certainly adds to the panic of banks that the choice of modern technology certainly threatens their stability.

Title: Re: Banks admit they fear BTC
Post by: jaysabi on March 17, 2018, 09:34:57 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Gotta stop ya right here for what is obviously unsubstantiated nonsense. Banks and governments don't want people in poverty or slavery. You have to live in a fantasy world to believe that. It's well established that everyone makes more money when everyone participates more fully in the economy. The more consumers there are buying goods and services, the more financial products they demand (good for banks) and the more taxes they pay (good for governments). This "I want to believe in every conspiracy theory against crypto" garbage that people go out of their way to peddle on these boards is getting out of control.

Title: Re: Banks admit they fear BTC
Post by: kimochidesh on March 17, 2018, 11:07:00 PM

Obviously, Bank has to fear from BITCOIN as BTC can end Bank's career in upcoming years. BTC can be used an alternative mode of payment which can make people shift from centralized to decentralized payment mode.

Title: Re: Banks admit they fear BTC
Post by: queenhallmark on March 18, 2018, 03:33:28 AM

Everybody fears for one thing they can not management, same with govt and banks, since cryptanalytic cash is decentralised, they can not simply management the web market, but this issue is running since the day bitcoin snatches the thought of voters, this affirmation nailed it. In spite of the actual fact that it's evident and as of currently anticipated that may happen. Govt and banks area unit to boot receiving, and actually into handicapping the market. In any case, bitcoin is path before of them.

Title: Re: Banks admit they fear BTC
Post by: bagsladderg on March 18, 2018, 03:37:14 AM

Nice to hear that they admit their weakness ;)

Title: Re: Banks admit they fear BTC
Post by: untidyaudi4 on March 18, 2018, 05:15:09 AM

Yes it is not the issue to be astonished on. its simple that btcs has ended the tax income of the banks

Title: Re: Banks admit they fear BTC
Post by: Sithara007 on March 18, 2018, 05:36:39 AM

Quote from: gorodi on March 08, 2018, 06:00:43 PM

This has been going on for many years now. Negative propaganda against Bitcoin by the banks is not something new. It was going on even in 2013. But the case of Poland is surprising, because some of the banks there used to issue debit cards which can be loaded with Bitcoins.

Title: Re: Banks admit they fear BTC
Post by: slyfox on March 18, 2018, 04:08:38 PM

Quote from: carlisle1 on March 06, 2018, 01:28:37 PM

Even if bitcoin did not existed banks are in a crisis it is getting harder for them to get customers because there are a lot more businesses offering similar banking products some people are realizing that they do not really need banks, in my country is not rare for supermarkets to offer you their own debit and credit cards and many prefer to use them because they trust more in them than in banks.

Title: Re: Banks admit they fear BTC
Post by: dioanna on March 18, 2018, 05:00:48 PM

Blockchain will change the world, decentralized payment system will be greatly accepted
by user whose number is incomparable to those with centralized power

Title: Re: Banks admit they fear BTC
Post by: Semosuchi Tesongrato on March 18, 2018, 10:26:21 PM

It's obvious that banks are afraid of the bitcoin: why do you think they have made this campaign against the crypto if not for fear of losing their power?
But the power of the banks is so great that I wait to sing victory.

Title: Re: Banks admit they fear BTC
Post by: Ann Impas on March 18, 2018, 10:46:03 PM

Bitcoin or Cryptocurrency in general can liberate us from the deep hook of banks. Banks is manipulating the financial system of the world. Now, in Crypto currency world, it was given to the people. It is a fact nowadays that people will have a voice with the digital money and not just the banking system. Good luck to us. :)

Title: Re: Banks admit they fear BTC
Post by: bitcub on March 18, 2018, 10:59:21 PM

Thanks for the nice info OP. I also believe theres a huge group people behind this FUD, fake news, hack news etc. They can be a group of bank owners or the big people of wallstreet.
No matter how rich they are, we can defeat them or make them liquidate if we will all turn bullish.

Title: Re: Banks admit they fear BTC
Post by: joinfree on March 18, 2018, 11:00:26 PM

It seems that you do not understand how it works, most people in here thinks that banks are afraid of it. But that is not the truth.

if they would really be afraid of it, bitcoin wouldn't be in here anymore, that is easy to understand.

Quote from: Ann Impas on March 18, 2018, 10:46:03 PM

Title: Re: Banks admit they fear BTC
Post by: Vendetta666 on March 18, 2018, 11:01:55 PM

Quote from: O$IRIS on February 20, 2018, 02:06:05 AM

Banks neglected Bitcoin & Blockchain innovation for a while; now they are starting to awake all of a sudden.

As the time shows, this won't change the history of their inevitable collapse.

Someday they realize the good effect of bitcoin to us, they see that bitcoin can change our life in a good way. I hope our government will legalize the cryptocurrency and study it very well.

Title: Re: Banks admit they fear BTC
Post by: Intersan on March 18, 2018, 11:30:24 PM

Quote from: Sithara007 on March 18, 2018, 05:36:39 AM

Quote from: gorodi on March 08, 2018, 06:00:43 PM

That is something we have been looking up to, for bitcoin to be recognized by us and for banks to accept it. In my case, here in our country, central banks are worried that because of bitcoin and all other cryptos fewer people are going to use banks as their safety money vault. We know that online wallets can replaced banks (not easily, but it is possible) because many people are trusting these wallets and their own hands in handling their financial. Online wallets enable us to accessed our money easily and allow us to manipulate if without having to go in an office and fill up documents. Banks do really opposed the use of bitcoin because it is not benefiting them; instead, it is becoming their competitor in the trust of people.

Title: Re: Banks admit they fear BTC
Post by: astrid.uchiha24 on March 18, 2018, 11:41:04 PM

Quote from: tprabash on March 08, 2018, 01:40:19 AM

I dont know why banks a not using bitcoin but bitcoin is a good exchange

Most of them are conventional, but i don't believe that they don't hold large amounts of bitcoin, who knows big banks are buying bitcoin while releasing fuds just to shutdown bitcoin in the future. well, it's just a matter of time that they will adopt to these changes in the business community, cryptocurrency is surely the next thing but without proper regulation by the government i think we still don't know if this will continue or not.

Title: Re: Banks admit they fear BTC
Post by: zarados on March 19, 2018, 12:45:12 AM

Quote from: Intersan on March 18, 2018, 11:30:24 PM

Quote from: Sithara007 on March 18, 2018, 05:36:39 AM

Quote from: gorodi on March 08, 2018, 06:00:43 PM

As long as the current situation continues to survive where bitcoin users are still less than 5% of the population worldwide and from that figure, it can be said that more than half use bitcoin as a means of investment, not for transactions, banks should not have to panic about this. Bitcoin has been around since 2009 but has not had a major impact on the economy as well as the way people transact (overall). The banks in the world should be able to use cryptocurrency technology rather than just worrying about it as a threat.

Title: Re: Banks admit they fear BTC
Post by: lionheart89 on March 19, 2018, 01:04:44 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

it is a natural thing because if everyone turns to bitcoin and nothing else keeps the money in the bank then the state financial system will be unstable so it will cause bad impact for the country.

Title: Re: Banks admit they fear BTC
Post by: mary0919 on March 19, 2018, 01:44:45 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Of course they will have fear this is because bitcoin has many advantages can offer to us compare to banks and is not so hard to earn too. A lot of features that bitcoin can give to us especially in our online transactions a very quick response it has to offer. That is one thing that banks are getting fear of.

Title: Re: Banks admit they fear BTC
Post by: gristlygrudging34 on March 21, 2018, 01:48:15 PM

I didn't knew it can you suggest me the link to find out the real news

Title: Re: Banks admit they fear BTC
Post by: sam2014 on March 21, 2018, 01:52:34 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

The purpose of most government is to keep it's citizen broke, this will give them more power, but when everyone is rich power is less. Crypto is a big threat to the bank and the government

Title: Re: Banks admit they fear BTC
Post by: slyfox on March 23, 2018, 03:11:41 AM

Quote from: Semosuchi Tesongrato on March 18, 2018, 10:26:21 PM

Banks are indeed very powerful but at the same time their power comes from the people, if at some point people decide to take that power away from them they will be unable to stop them and I think that is what we are seeing right now and that is why they are so afraid, they are starting to see signs that this may be starting to happen and they are not liking it.

Title: Re: Banks admit they fear BTC
Post by: Raphal on March 23, 2018, 04:14:49 AM

Yes, so, somewhere on the forum we still encounter a lot of bad news, talk about Bitcoin and the virtual currency market. They are really afraid of Bitcoin because they know Bitcoin will be extremely development in the future but they can not extinguish it because of its anonymity.

Title: Re: Banks admit they fear BTC
Post by: Sled on March 23, 2018, 01:25:09 PM

They are indeed afraid to bitcoin because they don't think that the people will still stay to their side which is investing and putting their money on bank if they will know bitcoin because bitcoin is a better way of investing and it has a good place also to place and preserved our wealth because it is like gold that it is getting more expensive after a few years.

Title: Re: Banks admit they fear BTC
Post by: guxu219 on March 25, 2018, 04:26:33 AM

making counterfeit news to dishonor the crypto is not new that's the rationale it's very important that this news is shared to our gathering. Also, on these lines, financial institution includes a pot of motivations to possess profound worry with the current improvement in digital currency. additional people have gotten aware of the benefits of getting a crypto distinction with customary money (fiat). the great issue with crypto is it's suburbanised with no one dominant it value and genuinely a progressive financial framework

Title: Re: Banks admit they fear BTC
Post by: trimulia on March 25, 2018, 04:55:50 AM

i know,that's why in my country bank company always make propaganda that we should not to using bitcoin for any transaction. they absolutely fear

Title: Re: Banks admit they fear BTC
Post by: Gastotade on March 25, 2018, 05:01:41 AM

Quote from: guxu219 on March 25, 2018, 04:26:33 AM

The best thing for me about in crypto is that there are many associates block chain and smart contracts that adheres the progress for having an ease in transactions that will make it more trusted than banks.

Title: Re: Banks admit they fear BTC
Post by: markk94 on March 25, 2018, 05:09:31 AM

yessh, bank and government kinda fear of ourself, people to be freed of slavery and poverty. bank and government kinda fear of this cryptocurrencies because it is not have any regulations and kinda hard to "manipulate" it. overall bank and government is kinda evil imo.

Title: Re: Banks admit they fear BTC
Post by: slyfox on March 28, 2018, 04:17:55 PM

Quote from: Sled on March 23, 2018, 01:25:09 PM

The only reason people still use banks is because they do not know any better, when people finally realize how much better is bitcoin compared to their services then when that finally happens banks will be unable to compete with bitcoin directly and that is when we will begin to see a lot more cries from the banking industry to ban bitcoin and cryptocurrencies in general, and it is possible they will succeed but at that point people will not care and they will keep using bitcoin.

Title: Re: Banks admit they fear BTC
Post by: supermam on March 29, 2018, 10:04:28 AM

In my opinion there's no way bank fears about bitcoin because banks are already established and people are using banks as a way of their transactions since bank are made but maybe they have a little fear because Bitcoin is very strong right now that people are already using it because it is accessible anywhere and also easy to use.

Title: Re: Banks admit they fear BTC
Post by: Thamon on March 30, 2018, 05:12:41 AM

Whether they admit it or not, Bitcoin has put the fear of God into the banking system. Why? Because it threatens to remove them from the equation.

Title: Re: Banks admit they fear BTC
Post by: cloudproject on March 30, 2018, 05:18:10 AM

that was nice information
because they can control it and that can broke their benifit ofcourse they will fear BTC because the system is natural by people for people and no third party

Title: Re: Banks admit they fear BTC
Post by: creepyjas on March 30, 2018, 05:25:07 AM

This is a fact. Most(/All) of the banks are afraid of cryptocurrency as it could be the future. Banks are manipulating the circulation of our money and monitoring how we manage and use our money. In cryptocurrency, it's only us who can control of what we have in our wallets like we have our own bank in our hands.

Gov't controls the bank and the bank controls the gov't that's why they fear cryptocurrency.

Title: Re: Banks admit they fear BTC
Post by: doraegun on March 30, 2018, 05:38:17 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

If bitcoin will actually confirmed a primary use in all country I think many bank are panic and of course they will make their own strategy to combined the process of bitcoin for the purpose of not being abolished of bank if ever happen they will willing to tandem for any kind of transaction but not like the current process this is automatically process from digital system not to controlled by one person.

Title: Re: Banks admit they fear BTC
Post by: yugyug on March 30, 2018, 08:11:04 AM

I don't think that bank will have to fear bitcoin because in the end after all the exchanges from btc to fiat currencies all the extra savings will go to the bank. There are some online crypto exchange site that will have an options on where to send your money after the exchanges occur and the bank is one of the options, then why they are threaten with crypto, crypto is money after all.The anonymity lies on the crypto side but for banking side then being anonymous is not an option. If you pay right taxes then government still benefited the cryptocurrency, only greedy people and tax evaders love the anonymity of cryptocurrencies. Always remember that the tax you paid from the government, we are still have a benefit from it like roads, bridges, telecommunications educations and health.

Title: Re: Banks admit they fear BTC
Post by: xieqieshangu9 on March 30, 2018, 08:20:40 AM

Because the BTC enters the financial market to seize the bank's profits, it will disperse the banking services.

The creation of a digital encryption money market, many securities and stock traders to invest in BTC!

Title: Re: Banks admit they fear BTC
Post by: budz0425 on March 30, 2018, 08:42:33 AM

Quote from: yugyug on March 30, 2018, 08:11:04 AM

They would really fear bitcoin as this has been the talk of the town/world recently and there are testimonials that some people are switching that instead that they will invest in bank they'll gonna invest it in bitcoin instead, so they find bitcoin as their big rival.

Title: Re: Banks admit they fear BTC
Post by: toolucky98 on March 30, 2018, 08:57:01 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Not really surprised, this is why they want to regulate or even ban crypto, so they still will able to keep their profits.
If no one holds fiat, theyre dead.

Title: Re: Banks admit they fear BTC
Post by: Dewao on March 30, 2018, 09:14:31 AM

Quote from: toolucky98 on March 30, 2018, 08:57:01 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Not really surprised, this is why they want to regulate or even ban crypto, so they still will able to keep their profits.
If no one holds fiat, theyre dead.

Some people know crypto put their money on it because they can earn profit here, what more if all people notice that? Bank have a reason to afraid because even me I will choose to put my monry in crypto than bank.

Title: Re: Banks admit they fear BTC
Post by: yonjitsu on March 30, 2018, 09:36:29 AM

At least they admit they're really afraid of the blockchain technology that's is really a threat to them in the future. Consider an ordinary person doing big transaction in the blockchain and that's pure money with no bank charge at all.

Title: Re: Banks admit they fear BTC
Post by: ALOIS on March 30, 2018, 10:06:27 AM

Exactly! And it is not a hot news for me - it is obvious that government, banks and their servants such as Google, Facebook etc. are against cryptocurrencies. You are right, just hodl!

Title: Re: Banks admit they fear BTC
Post by: welliamy on March 30, 2018, 11:02:18 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Not only banks the government also
Banks are fear to bitcoin because it has a digital currencies
And it a potential for theft or cyber criminals
Decentralisation and anonymity are attractive to the criminals.

Title: Re: Banks admit they fear BTC
Post by: Docafid888 on March 30, 2018, 01:54:21 PM

Thankyou for sharing this, i knew this by instinct not the fact. But now i have a data for better psychological trading. Bank try to control people, but they cant now. Like they trying to control gold in america in the past. They fear the true currencies.

Title: Re: Banks admit they fear BTC
Post by: dektox on March 30, 2018, 01:57:22 PM

Actually, their fear ends up with buying crypto infrastructure companies, look at recent Binance move to Malta (there are HSBC footprint)

Title: Re: Banks admit they fear BTC
Post by: Uhde on March 30, 2018, 02:02:47 PM

Ofcourse they do. Bitcoin is something that is going to reduce profit of banks in the future. That is why many governments tries to make extra regulations against bitcoin

Title: Re: Banks admit they fear BTC
Post by: breathlessz on March 30, 2018, 05:16:28 PM

Quote from: Uhde on March 30, 2018, 02:02:47 PM

Ofcourse they do. Bitcoin is something that is going to reduce profit of banks in the future. That is why many governments tries to make extra regulations against bitcoin

with the decentralization system bitcoin doesnt require bank. from there the bank afraid with development of bitcoin. many of negative news like want to eliminating bitcoin

Title: Re: Banks admit they fear BTC
Post by: Alijiindahaus on March 30, 2018, 06:46:11 PM

Quote from: ibuddy122505 on March 30, 2018, 05:30:54 PM

Quote from: @scambuster on March 30, 2018, 04:47:41 PM

Banks not only fear about Bitcoin, banks are trying to stop the growth and potential of Bitcoin by spreading negative news all over the world and creating a wrong opinion among people.

It's true! Banks are trying to stop Bitcoin at all cost. In the meantime, there many governments or central banks declare Bitcoin transaction illegal and arrest people also give punishment for dealing BTC. Fear the decentralization system as banks will lose all power when Bitcoin succeeds.

and then all this activity that holds the banking system, implementing technology block chain in its structure. apparently he will not be adjust the кpиптoвaлютy so as not miss out on a chance to impose their control over all the financial sector.

Title: Re: Banks admit they fear BTC
Post by: danim1130 on March 30, 2018, 06:51:43 PM

This is actually obvious bitcoin is the very highest rate in investing like bank today because it can give you the 200% back in just a matter of time unlike in the banks they are rolling up your money but it will guarantee back atleast 1-2% per year right. . . in bitcoin it can reach 100-200% in just a matter of time.

Title: Re: Banks admit they fear BTC
Post by: HiringYou on March 30, 2018, 07:14:41 PM

Everyone have some fears or some sort of insecurities from his/her competition so it is obvious in the case of banks also. Bitcoin has gained a lot of popularity in the last few months and it is becoming a strong competition for Banks.People are now investing their money in Bitcoin instead of saving it in banks .This is because investing in Bitcoin provide them with more profits than the increment they get monthly or annually by saving their money in banks.People can now keep an eye on their money and no sort of interference is there by any third party such as banks.People can now deposit or withdraw at any time without any sort of paper work.These are some features due to which people are getting attracted towards Bitcoin and it is becoming a strong competition to banks.

Title: Re: Banks admit they fear BTC
Post by: Janinjo11 on March 30, 2018, 07:26:57 PM

Banks don't fear Bitcoin. They are just upset that they don't control it. It is well known that Jewish bankers control everything and they want to control everything! They will either find a way to destroy bitcoin or they will join in and bring the price down and then buy it in big quantities.

Title: Re: Banks admit they fear BTC
Post by: futuret on March 30, 2018, 07:58:40 PM

Quote from: toolucky98 on March 30, 2018, 08:57:01 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Not really surprised, this is why they want to regulate or even ban crypto, so they still will able to keep their profits.
If no one holds fiat, theyre dead.

That is hundred percent correct. Governments and bank system are afraid of crypto currencies because it is a big threat to their wishes. Bitcoin gives anonymity, security and freedom of control over money. Nobody can keep record of anyone’s bitcoin transaction. This takes away the power from government. That is why we are witnessing more hatred from authorities on daily basis. The thing is, bitcoin is unstoppable and they can’t stop investors from loving bitcoin and altcoins.

Title: Re: Banks admit they fear BTC
Post by: Bellator on March 30, 2018, 08:20:31 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Governments wanted to have a part in every transactions in every users of cryptocurrency,it feels so annoying why they wanted that way.They don't want their fellowmen to be financially free and not depending only on their regular jobs in which governments have been benefited for long years by paying taxes on it.Bitcoin has lots of opportunities in a way that we can earn money in doing works offered but why is that our governments wanted us to just depend on one source only and don't open up for new things such as digital currencies existence?Why are they so greedy in the sense that they can't benefit our works because they can't be able to control any transactions happened that is why they invested in fake news inorder that people would think negatively on bitcoins and other currencies presence in the society that may cause panic and makes the crypto community to end.

Title: Re: Banks admit they fear BTC
Post by: pginvest on March 30, 2018, 08:24:57 PM

The banks will no doubt protect their own interests first and not let open competition get the better of them. :(

Title: Re: Banks admit they fear BTC
Post by: slyfox on April 02, 2018, 04:51:16 PM

Quote from: supermam on March 29, 2018, 10:04:28 AM

Do you really think that if they did not fear bitcoin they will try to pass regulations against bitcoin? They are afraid because bitcoin allows you to be your own bank, and you can do everything that you can do with banks with your bitcoin and even more and you can do it without paying them fees for everything, while people complain about the transaction fees of bitcoin they forget that banks charge you for everything they charge you just to have an account with them.

Title: Re: Banks admit they fear BTC
Post by: sana54210 on April 04, 2018, 11:11:17 AM

Quote from: nicpaig on March 31, 2018, 03:57:43 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Thank you, men, it is a really good help me this article really makes me understand why bank fear bitcoin we already know that bitcoin has a good advantage to us like the sending of international payment it is so fast and cheap, we can choose our fees, we can also project our identity, we can control our money and especially mobile payments in an easy way that bank thus not have. :)

Brother it is just about the finances. When banks saw that people are more likely to go for bitcoins against them in transactions for internationally or nationally, they start making bad impact of bitcoins and start spreading them all over the world. They know that there will be a time when people will leave banks and prefer bitcoins to sell their things and buying and all other chores of life.

Title: Re: Banks admit they fear BTC
Post by: vasilvas15 on April 09, 2018, 08:48:16 PM

Bitcoin and crypto currency, this is really a competition to the banking system. Therefore, banks do not want to have such competitors, since the crypto currency replaces the entire banking system, and banks become unnecessary, such as: take and put the fifth wheel in the car.

Title: Re: Banks admit they fear BTC
Post by: nikola22 on April 09, 2018, 09:37:41 PM

Quote from: pginvest on March 30, 2018, 08:24:57 PM

The banks will no doubt protect their own interests first and not let open competition get the better of them. :(

of course they will protect their interest because people choose bitcoin for transfering money and investing and banks are losing their comission fees and fiat money for deposits.

Title: Re: Banks admit they fear BTC
Post by: Dart315 on April 10, 2018, 12:23:09 AM

Quote from: slyfox on April 02, 2018, 04:51:16 PM

Quote from: supermam on March 29, 2018, 10:04:28 AM

They fear bitcoin. Also Many big bois-giants like Google, Amazon etc are building their blockchain projects. That's why Google is banning rivals, not scams. But I expect some of ICOs will strike back and capture the market.

Title: Re: Banks admit they fear BTC
Post by: Rexha on April 10, 2018, 11:54:38 AM

Quote from: Dart315 on April 10, 2018, 12:23:09 AM

Quote from: slyfox on April 02, 2018, 04:51:16 PM

Quote from: supermam on March 29, 2018, 10:04:28 AM

Sure thing. Sooner or later one of such ICOs will replace Google IMO. I'm hardly following Bitclave, for example. Their team is sure that personal data matters, unlike Google. Maybe once we'll get such a platform where people could share their data without being scared if it will leak somewhere.

Title: Re: Banks admit they fear BTC
Post by: jlong187 on April 10, 2018, 11:57:10 AM

For me it seems the real danger for banks from cryptocurrencies will be not soon. Becouse we still did not have many possibilities to spend it out of internet.

Title: Re: Banks admit they fear BTC
Post by: tumokatok on April 10, 2018, 12:15:43 PM

Quote from: yonjitsu on March 30, 2018, 09:36:29 AM

In this case, banks do not want to lose their income and find ways to boom more than bitcoin. Maybe a competitive bank is bitcoin because the market is still growing. It is true that banks may be afraid of bitcoin because they know that bitcoin cryptocurrency has the greatest value of its own price apart from the ongoing bitcoin and still continues.

Title: Re: Banks admit they fear BTC
Post by: Koadharber on April 10, 2018, 12:20:01 PM

Quote from: sana54210 on April 04, 2018, 11:11:17 AM

Quote from: nicpaig on March 31, 2018, 03:57:43 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

That if bitcoin adoption is already being accepted rampantly or worldwide which it do comes to a point on where you are already able to purchase goods and other things by using bitcoin if not then it would just still remain and banks wont really be worried too much. The thing that they do scared of is when they do saw adoption by means of merchants and other services that do accept bitcoin.

Title: Re: Banks admit they fear BTC
Post by: Dart315 on April 12, 2018, 04:10:26 PM

Quote from: Koadharber on April 10, 2018, 12:20:01 PM

Quote from: sana54210 on April 04, 2018, 11:11:17 AM

Quote from: nicpaig on March 31, 2018, 03:57:43 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

When do you think we will see the mass adoption of BTC?

Title: Re: Banks admit they fear BTC
Post by: zhekinsp on April 12, 2018, 06:37:17 PM

Quote from: tumokatok on April 10, 2018, 12:15:43 PM

Quote from: yonjitsu on March 30, 2018, 09:36:29 AM

The success will not be that much easy for anyone or anything,if someone want to win they need to overcome all the difficulties.In this case the banks are the main enemies to the bitcoin so they never make the growth easier for bitcoin.But still we are in early stage of adoption and bank is a big grown enemy so they will make all their effort to crush the growth of bitcoin but it is a decentralized technology so no one can completely manipulqate the prices so that will be the advantage of bitcoin.

Title: Re: Banks admit they fear BTC
Post by: Daveeoff on April 12, 2018, 07:12:56 PM

Of course they do. Why do you think these bankers only say that Bitcoin is a bad investment and are pushing the price down and are banning BTC related payments?

Title: Re: Banks admit they fear BTC
Post by: zarados on April 12, 2018, 07:50:18 PM

there are still many aspects that can be done by banking to face this era of cryptocurrency. Among other things is the function of retail and microloans that can support businesses such as mining bitcoin and so on. Rather than being afraid of technological developments that we cannot be dammed, it's a good idea to use it as a new land for them.

Title: Re: Banks admit they fear BTC
Post by: bitllionaire on April 13, 2018, 12:06:55 PM

Quote from: tumokatok on April 10, 2018, 12:15:43 PM

Quote from: yonjitsu on March 30, 2018, 09:36:29 AM

Yes no one will like their business in lost. They know that increasing trend of bitcoin is a big challenge for them, because then people will not feel the need to use banks for depositing their money in banks because it is more easy to use your online wallet for withdrawal of your money or to use it directly for shopping from your wallet, you do not need to visit a bank and wait for your turn.

Title: Re: Banks admit they fear BTC
Post by: YNAGS Team on April 13, 2018, 12:19:04 PM

I heard from news today that MasterCard bought a large office in Finland with 175 developers including a blockchain guys, so yeag, the are trying to catch the wave!

Title: Re: Banks admit they fear BTC
Post by: newwest on April 13, 2018, 12:21:15 PM

Quote from: pginvest on March 30, 2018, 08:24:57 PM

The banks will no doubt protect their own interests first and not let open competition get the better of them. :(

It is very natural and no one would allow them to function as it is a direct competition for the existence of the bank as many people will directly transfer btc as a part of remittance rather than using bank functions. Also people would invest in crypto rather than investing in banking products.

Title: Re: Banks admit they fear BTC
Post by: bitbunnny on April 13, 2018, 12:31:49 PM

I wouldn't say that banks have fear of Bitcoin and other cryptocurrencies but they see some competition in that. I would say this is healthy because competition could only bring improvements.
Banks also see their opportunity to profit in cryptocurrencies but to my opinion at the moment they are not quite sure how to do this and regulation or better to say lack of regulation stops them.

Title: Re: Banks admit they fear BTC
Post by: slyfox on April 16, 2018, 09:01:32 PM

Quote from: Dart315 on April 10, 2018, 12:23:09 AM

Quote from: slyfox on April 02, 2018, 04:51:16 PM

Quote from: supermam on March 29, 2018, 10:04:28 AM

You are correct, not only the banks and governments fear bitcoin there are many private business that are realizing that the blockchain and bitcoin are going to change everything and the way their business work is not going to remain for a long time, you just need to look at some business that thought that they had a monopoly on the market just to go bankrupt a decade later.

Title: Re: Banks admit they fear BTC
Post by: Findingnemo on April 16, 2018, 09:25:51 PM

Quote from: slyfox on April 16, 2018, 09:01:32 PM

Quote from: Dart315 on April 10, 2018, 12:23:09 AM

Quote from: slyfox on April 02, 2018, 04:51:16 PM

Quote from: supermam on March 29, 2018, 10:04:28 AM

Yes if bitcoin is developed many losses will happen for banks and government but some good things also available in bitcoin it is not seen by them and also many private groups also leads to the fall of bitcoin and other crypto currencies.

Title: Re: Banks admit they fear BTC
Post by: Dissident991 on April 16, 2018, 09:47:30 PM

Banks that they fear bitcoin and other cryptos and understand that can't stop adoption and development of blockchain technologies and creation of new type of economy. So they decided to corrupt and control the market. They have bought large exchanges and startups for integration, having contol over exchanges they can easily contol course through bots and fake news.

Title: Re: Banks admit they fear BTC
Post by: coinluisa on April 16, 2018, 10:21:38 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

I think it shows how banks and governments have a hidden agenda they don't a transparency because a lot of them is corrupt and steal the money for people that's why they do all things to ban bitcoin in their country.

Title: Re: Banks admit they fear BTC
Post by: laravuemaster on April 16, 2018, 10:24:05 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

It was just normal for banks if they are afraid of the growth of cryptocurrency because most of the people are preferring to invest on bitcoins more than placing their money on banks because bitcoins is more profitable more than placing your money on the banks and setting it for a time deposit.

Title: Re: Banks admit they fear BTC
Post by: TheClownSong on April 16, 2018, 11:58:12 PM

With bitcoin system, we dont need banks because we can opening wallet with easily and we can transfer our asset with lower fee transaction. If bitcoin spread all around the world and people start to use bitcoin, I am believe we dont need intermediary for our transaction and cheaper transaction fee

Title: Re: Banks admit they fear BTC
Post by: ASHLIUSZ on April 16, 2018, 11:59:26 PM

Several banks have made investments into bitcoin backdoor, because if it was made with transparency the reputation over banks will be lost. The fear of Bank is getting reflected over the regulations coming into implementation from different governments. As the future is dependent on blockchain technology some banks have begun making blockchain for their services. This is good for a healthy growth than fearing and opposing.

Title: Re: Banks admit they fear BTC
Post by: Dart315 on April 17, 2018, 09:25:27 PM

Quote from: Dissident991 on April 16, 2018, 09:47:30 PM

Yep, so how the blockchain industry can respond? Exchanges like Bancor, and secured non traceable solutions(XMR)?

Title: Re: Banks admit they fear BTC
Post by: bakkang on April 17, 2018, 09:32:59 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Wow it's a great news so I believe that we must spread that news and we must raise awareness to the people about the benefits and purpose of bitcoin to our life. Because even up to this days they still have fear to invest with bitcoin because of the illegal act related to bitcoin just like scams.

Title: Re: Banks admit they fear BTC
Post by: Ayobami99 on April 17, 2018, 09:42:22 PM

I love this!
They fear its going to replace them
No regulations on the blockchain
HODL!

Title: Re: Banks admit they fear BTC
Post by: Barbatsutsa on April 17, 2018, 10:12:58 PM

Well, at least that's a good thing they admit it at least, some just hide behind some imaginary reasons.

Title: Re: Banks admit they fear BTC
Post by: Tenderino on April 17, 2018, 10:18:03 PM

For me personally it is well known that the fiat money robbery system was only able to survive because they use the main stream media to manipulate the people. I mean how can the majority of the people voluntarily agree to a money system where the volume is increased every year by a limited and priviled number of people, while the money of us working people loses its value every year? It was basically clear that banks finance the anti propaganda against crypto currencies!

Title: Re: Banks admit they fear BTC
Post by: BitcoinMarketer39 on April 17, 2018, 10:24:02 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

banks should be really affraid of cryptocurrency because most of the people are preferring to invest on cryptocurrency more than placing their money on banks and people prefer to invest on the way they are going to earn more profit.

Title: Re: Banks admit they fear BTC
Post by: bachus on April 17, 2018, 10:44:51 PM

As for main big banks, they a long time ago started to think about how to stay alive, when world will accept and prefer crypto above the fiat money and earn in that case

Title: Re: Banks admit they fear BTC
Post by: hahay on April 17, 2018, 11:28:14 PM

I guess banks should not be afraid of bitcoin, because banks have stood for a long time and it would be very difficult for everyone to switch on bitcoin. So all have their own supporters, but if bitcoin keeps growing well I think bitcoin will be the main one also in the future.

Title: Re: Banks admit they fear BTC
Post by: Sled on April 18, 2018, 04:05:09 AM

Quote from: hahay on April 17, 2018, 11:28:14 PM

The banks are afraid of bitcoin because they think that the people will transfer to bitcoin because of the ease of using it because you just need to create a bitcoin wallet and then that is it, you can easily transfer money to other people without going through different verification like the banks do.

Title: Re: Banks admit they fear BTC
Post by: Amajaa on April 18, 2018, 05:32:11 AM

Yeah they probably do because in bitcoin we get financial freedom, bitcoin is a threat for them thats why no wonder why some banks want to regulate bitcoin now they find it hard to terminate bitcoin thats why they find ways how to get involve with it and how to make money from bitcoin too.

Title: Re: Banks admit they fear BTC
Post by: SkiOlya on April 18, 2018, 08:49:00 AM

Many banks are wary of the fact that the industry will undergo painful changes. At the moment, it seems that on the horizon the banking system can see two courses. Most likely, they have two choices. Banking institutions can start working within the framework of a new, constantly developing direction of digital money. In this case, for starters, they need recognition of the fact of changing financial technologies and the adoption of this concept. Or the banks can continue to function under the old system. This is the path that is currently being laid by products such as Simple.

Title: Re: Banks admit they fear BTC
Post by: Irvinn on April 20, 2018, 05:47:45 AM

If banks recognize this, then it is quite interesting. Although it was already understandable, because the Crypto currency is a fairly effective competitor for banks and banks can not do anything about their old technologies, and most importantly - with their limited capabilities compared to the capabilities of the crypto currency. However, the fact that they recognize this is already good, because if they are afraid, this is a sign that they have lost the confrontation with the crypto currency.

Title: Re: Banks admit they fear BTC
Post by: tuikindu on April 20, 2018, 06:05:30 AM

Bitcoin is hailed as the greatest technological innovation of our time, and the government has many reasons to fear Bitcoin. In my country, I've heard some news about the negative aspects of bitcoin, suggesting that Banks are already scared of bitcoin.

Title: Re: Banks admit they fear BTC
Post by: cheeseandcrackers on April 20, 2018, 06:16:54 AM

Not really surprising. They've been shilling against bitcoin for many years. The banking industry is terrified of what bitcoin and other cryptocurrency represents, and that's freedom from them. I've even seen people attacking how much energy bitcoin is costing the planet overall, while completely ignoring that the banking industry already does that to a severely higher degree. I've seen almost every aspect of bitcoin or similar blockchain tech attacked, and it's not going to stop here.

Title: Re: Banks admit they fear BTC
Post by: wewe123 on April 20, 2018, 02:25:55 PM

This is true that banks are afraid of bitcoin because they thought that in the coming days many would prefer to invest in bitcoin , than putting their money in the banks with so little interests gain, while when they put their money in bitcoin it could get a big interests than saving their money in the banks.

Title: Re: Banks admit they fear BTC
Post by: LuciferEveningStar on April 20, 2018, 02:27:42 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money^[1] with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).

Go crypto and HODL my friends.
They fear crypto because it can save us

Its normal for this banks to get afraid since the growth of cryptocurrency today is so much faster more than banks while so people will really invest on the way they will earn more profit and that is bitcoins.

---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---

Title: Re: Banks admit they fear BTC
Post by: Lumada on April 20, 2018, 02:41:32 PM

Quote from: wewe123 on April 20, 2018, 02:25:55 PM

Many banks didn't accept btc sonetimes asks many questions when you cash out thru your bank, as if you are not capable on having that amount, having bitcoin atm might be a help.

Title: Re: Banks admit they fear BTC
Post by: AIRDROPSQUAD on April 20, 2018, 02:49:23 PM

Sooner or late, the banks will admit and realize this. The blockchain technology is the future of financial development. One of the biggest banks in my country already admits that. And they not shy to learn about the blockchain technology. I heard the project team of the bank will visit Ripple office to learn more about the Blockchain technology.

Title: Re: Banks admit they fear BTC
Post by: slyfox on April 27, 2018, 03:28:40 AM

Quote from: wewe123 on April 20, 2018, 02:25:55 PM

They are not really afraid that investors are not going to put their money in their vaults, true investors never put their money in a bank for a long period of time since they know that is a losers move, what they are afraid is that bitcoin is adopted by everyone around the world and that their services are not required any more due to people becoming their own banks thanks to bitcoin.

Title: Re: Banks admit they fear BTC
Post by: rysheeer on May 06, 2018, 02:07:03 PM

Bitcoin is the real threat to Banks because they can't easily manipulate and control the price movements of bitcoin. They fear decentralization because most of them are corrupt and the root of all scams, they knew the advantages of bitcoin and the benefits of bitcoin to the future.

Title: Re: Banks admit they fear BTC
Post by: muddy waters on May 06, 2018, 02:55:30 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Our beloved gov guys prefer us to put our money in a bank account

That's the way it was over the past few centuries and such a reaction to bitcoin from the side of those fat bankers is natural.
Money as such always used to be the prerogative of the most powerful people but now with the development of the Internet the situation has changed and almost everybody can become rich.
So I wouldn't take all this propaganda to heart - we should just continue doing what we are doing - promoting bitcoin and cryptocurrencies in general.

Title: Re: Banks admit they fear BTC
Post by: thecoder2017 on May 06, 2018, 11:25:12 PM

Bitcoin has its own strategy compared to banks thats why there's no need for the banks to be afraid off for the reason that people are already familiar doing their transactions through banks but who knows what gonna happen in the future.

Title: Re: Banks admit they fear BTC
Post by: RokokGudangGaram on May 06, 2018, 11:33:28 PM

correctly. because with the bitcoin in this world bank banks in the world must be afraid because bitcoin is the best place to invest, and what the bank is afraid of is the bitcoin customers who invest their money in the bank will be less because of the investment in bitcoin

Title: Re: Banks admit they fear BTC
Post by: perfryan on May 06, 2018, 11:39:00 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

The government and banks are fear in cryptocurrency.late last year China,the country known as strictest capital in the world
Outlawing crypto currency,blocked citizens from trading ,crypto banning.

Title: Re: Banks admit they fear BTC
Post by: minersday on May 06, 2018, 11:55:08 PM

I dont think that banks are really scared about it.

Most banks want to use crypto resources in order to understand how it works, and to make money out of it, we all know that banks are only in here for one purpose; to have more money.

I think that, we can live together with banks and cryptos.

Title: Re: Banks admit they fear BTC
Post by: trolltalk on May 07, 2018, 01:44:41 AM

Yes Probably people choose to invest in crypto than save it in banks because if you're a long term holders definitely you will make a huge profit after a year but if you invest your money in banks after one year the profit you will gained is too small so many banks afraid in cryptocurrencies because their company will be bankrupt.

Title: Re: Banks admit they fear BTC
Post by: Chrisjay29 on May 07, 2018, 02:41:08 AM

I agree !!. Many bank are fear about btc. Because if take a look if hold your money on a bank the increase of your money is only little amount. But if you hold you 100$ money on a bitcoin there will be possible that it will be 300$ dollar or more in a year

Title: Re: Banks admit they fear BTC
Post by: spongegar on May 07, 2018, 02:44:53 AM

Preach! Governments and banks fear crypto currencies because it's money from thin air! Banks fear it because ot means less will be investing on them and more on crypto currencies. Governments fear it because aside from banks controlling them, which they are, crypto currencies have no taxation laws yet aside from income taxes.

Title: Re: Banks admit they fear BTC
Post by: maculeth on May 07, 2018, 02:46:23 AM

they are afraid bitcoin users use it for illegal transactions, such as arms purchases, drugs to money laundering.

Title: Re: Banks admit they fear BTC
Post by: iconicavs on May 07, 2018, 02:52:23 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

these articles are really helpful and as i was scanning and casually trying to understand what are they saying, i could slowly understand your point. in short banks are afraid that bitcoin might be used for illegal purposes? that's how i can see it. we can't blame banks if they are being extra cautious with this because we are also cautious when it comes to our coins right? i just hope they trust bitcoin more that bitcoin will not harm anyone or be used as an abuse in any form

Title: Re: Banks admit they fear BTC
Post by: 19Nov16 on May 07, 2018, 03:07:03 AM

Yes of course banks admit with bitcoin, when everyone leaves the bank and chooses to make bitcoin to send money it will make the banks business threatened so they will ask the government to banned bitcoin.

Title: Re: Banks admit they fear BTC
Post by: iconicavs on May 07, 2018, 03:10:38 AM

Quote from: spongegar on May 07, 2018, 02:44:53 AM

yes sir they are scared of losing clients. their clients would be aware and be wise and might choose bitcoin over them. but personally i think not everyone would do such, there are still people who trusts bank even more.

Title: Re: Banks admit they fear BTC
Post by: xiwanfd on May 07, 2018, 03:15:21 AM

There are two main reasons Banks and governments worry about cryptocurrency:

They can't control the cryptocurrency.

2. Cryptocurrencies are safer, cheaper and more private, and once the average person on the street is aware of this, it is less likely to stop the rise of cryptocurrencies.

Title: Re: Banks admit they fear BTC
Post by: iconicavs on May 07, 2018, 03:36:24 AM

Quote from: rysheeer on May 06, 2018, 02:07:03 PM

yes exactly. banks, they could be manipulated by the government and the people in high position but btc, the only people who can control them is the btc holders only as well. in banks, the contributor cannot do anything, only administators.

Title: Re: Banks admit they fear BTC
Post by: Dart315 on May 07, 2018, 03:16:18 PM

Quote from: iconicavs on May 07, 2018, 03:36:24 AM

Quote from: rysheeer on May 06, 2018, 02:07:03 PM

BTC has open transactions, so I believe we need a more secure and private coin to save ourselves from annoying banks.

Title: Re: Banks admit they fear BTC
Post by: Rollkal on May 12, 2018, 06:19:14 AM

Quote from: spongegar on May 07, 2018, 02:44:53 AM

This is absolutely correct, they are afraid of the MOF because the MOF has attracted a lot of investors, they abandoned the bank to move to BTC business, and some organizations need capital to raise capital through the ICO program. Not paying attention to banking as before, perhaps in the future the bank will be frozen completely.

Title: Re: Banks admit they fear BTC
Post by: setialovers on May 12, 2018, 08:10:12 AM

Banks and government afraid on bitcoin because they can not control bitcoin. With decentraziled system, no one authorities can control bitcoin supply or bitcoin price. Its depending on market. Banks afraid because bitcoin or cryptocurrency can disrupting their bussiness.
With lower transaction fee and instant transfer around the world, bitcoin beat banks service

Title: Re: Banks admit they fear BTC
Post by: dongyi17 on May 12, 2018, 08:25:03 AM

Whether they accept it or not they realized the difference of investing, saving and using bitcoin rather than bank. they're now aware that more and more people are now becoming interested in btc rather than in bank and so perhaps they are admitting that they've fear btc because what it can do to an economics status of a country, that it has the potential to make them grow or to make sink in failure.

Title: Re: Banks admit they fear BTC
Post by: joebrook on May 19, 2018, 04:37:44 PM

Quote from: token10250 on May 19, 2018, 04:29:42 PM

It is true that banks may be afraid of bitcoin because they know that bitcoin cryptocurrency has the greatest value of its own price apart from the ongoing bitcoin and still continues.

Their fear is mainly about losing out on revenues just because their customers will not be saving their money at their banks anymore which will cause a serious loss of revenue stream for the banks.

Title: Re: Banks admit they fear BTC
Post by: billknight on May 19, 2018, 06:53:41 PM

I do not think this is true. But if banks are afraid of BTC, why do not they accept the BTC and develop it based on electronic money? Banks will lend money electronically and we will send Bitcoin to the bank

Title: Re: Banks admit they fear BTC
Post by: Cult on May 19, 2018, 07:18:08 PM

Quote from: billknight on May 19, 2018, 06:53:41 PM

Banks are not one solid entity. The ones who are intimidated by crypto are those who are very close to governments and are afraid of losing their power and influence.

Title: Re: Banks admit they fear BTC
Post by: coingrowth on May 19, 2018, 08:57:00 PM

bitcoin is helping banks rather than being afraid of banks we should understand bitcoin is the future of banking we cant completely ignore the technology and innovation

Title: Re: Banks admit they fear BTC
Post by: Reid on May 19, 2018, 09:49:36 PM

Quote from: Cult on May 19, 2018, 07:18:08 PM

Quote from: billknight on May 19, 2018, 06:53:41 PM

Banks are not one solid entity. The ones who are intimidated by crypto are those who are very close to governments and are afraid of losing their power and influence.

You hit it right.
But almost all of them are with the government. Remember, they can take something out of you bank funds if you cannot pay tax or mortgage or anything that is in the government circle.
How could they do that? Isnt it unfair?
What if that is the last money that I got to make budget while I still do not have my first salary from my job?
They do not think that way. They just take. They hate freedom although it looks like a free country outside.
It cannot happen, people should not be free and bitcoin is a problem for them. Steps have been seen creating panic to the hodlers. This should not be the true value of BTC by now if not for them.

Title: Re: Banks admit they fear BTC
Post by: omitusaf on May 19, 2018, 09:57:37 PM

There's a way they can form a formidable partnership with the blockchain and cryptocurrencies, something Ripple is trying to do. Simply fighting against something they perceive as a threat would only make things worse for them. But if they adjust their policies to accommodate the crypto revolution, they would see a great change, howbeit their monopolistic power would be greatly reduced.

Title: Re: Banks admit they fear BTC
Post by: poplolnman on May 19, 2018, 10:02:18 PM

Quote from: Cult on May 19, 2018, 07:18:08 PM

Quote from: billknight on May 19, 2018, 06:53:41 PM

Banks are not one solid entity. The ones who are intimidated by crypto are those who are very close to governments and are afraid of losing their power and influence.

They are only interested in Bitcoin blockchain technology , not the whole Bitcoin things adopted , some conventional banks already make their own research to apply the innovation.
Let's see what would happened later , the real future money in crypto or we would stuck on crazy banking system that make us always in disadvantage.

Title: Re: Banks admit they fear BTC
Post by: 2@abcdeeply on May 19, 2018, 10:42:42 PM

Quote from: billknight on May 19, 2018, 06:53:41 PM

Banks are afraid of BTC development, if the development of Crypto market will occupy a large number of customers of the Bank, the Bank is more difficult to mobilize capital and loans. The second thing is that the bank can not mobilize capital and lend to BTC, because they are very risky.

Title: Re: Banks admit they fear BTC
Post by: lehuong on May 20, 2018, 12:39:39 AM

Banks are afraid of bitcoin because they do not manage the bitcoin as well as the huge bitcoin power, even an ico project can mobilize capital in a shorter time than they have earned for the years they did. They are very strong about the capital, they fear their role will be affected

Title: Re: Banks admit they fear BTC
Post by: cotton ball on May 20, 2018, 01:23:15 AM

Quote from: lehuong on May 20, 2018, 12:39:39 AM

it would be a special fear for the state banks, but not so with private banks where they would be better as service providers and systems when combined with blockhain, but they must comply with government policies so that it can only convey skepticism. MUFG bank (Japan) has been able to better implement both and prove to the world that the balance can still be achieved with clearer legal tender rules.

Title: Re: Banks admit they fear BTC
Post by: Grayy on May 20, 2018, 01:52:32 AM

Some people fear liberation; they just want to keep the poor people forever stuck in the dark. But thanks to blockchain and bitcoin and other major cryptocurrencies! Everyone can decide to be empowered at any point in their lives to take absolute control of their own finances.

Title: Re: Banks admit they fear BTC
Post by: CuteBaby123 on May 20, 2018, 02:10:38 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Banks are scared because they are losing people whoare investors. Many people are diverting their investments to bitcoin because they see their profit immediately and they are also able to keep track on their investments.

Title: Re: Banks admit they fear BTC
Post by: marcbitcoins on May 20, 2018, 02:56:05 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

If this news is true then sooner or later all banks and nations will no other choice but to support Bitcoin existence as they have nothing to worry about it as long as they will regulate well the Bitcoin before to fully embrace it. And for the banks alone they can easily to join or to shift to Bitcoin currencies banking as they are already used to digital transactions so therefore for me banks have nothing to worry about as JP Morgan is now supporting Bitcoin investments.

Title: Re: Banks admit they fear BTC
Post by: dogz12 on May 20, 2018, 04:45:15 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Lots of people are diverting their funds in cryptocurrencies and banks sees this industry as a fierce competitor. How to kill your competitor? Create negative news about it to scare people away from it.

Title: Re: Banks admit they fear BTC
Post by: YzzyGo on May 20, 2018, 04:52:34 AM

I'm no professional financial analyst but I think they don't need to fear cryptocurrencies or bitcoin. They actually have to embrace it since it will be the future of the economy. Banks are a necessary institution with deep roots in a countries financial sector so they cannot be overthrown any time soon.

Title: Re: Banks admit they fear BTC
Post by: buternasek on May 20, 2018, 05:10:41 AM

Title: Re: Banks admit they fear BTC
Post by: Bestpromoter on May 20, 2018, 05:11:28 AM

Even if I am the bank I will be fear in bitcoin even if it doesn't know by many people because in case that the people will know about the profit in putting money in bitcoin well there will be a big problem for them and that's for sure people will be so greedy to buy bitcoin and it will be their savings wallet.

Title: Re: Banks admit they fear BTC
Post by: nara1892 on May 20, 2018, 06:15:09 AM

I've been convinced of it a long time ago, I often read about nexus, their mission vision is to free the citizens of the world from economic slavery.
I think some other crypto except nexus and bitcoin also have vision and mission such it.
If we create bitcoin as our main economy and as an international currency, then I'm sure they will not be long lost the 'money printing business' that enslaving our economy now.

Title: Re: Banks admit they fear BTC
Post by: Pamahaw on May 20, 2018, 06:28:33 AM

Quote from: Bestpromoter on May 20, 2018, 05:11:28 AM

Banks should fear bitcoin because it is a threat to their existence. Like you said if many people will know that putting their money in bitcoin will earned them big profit than putting in banks, surely they will lose costumers.

Title: Re: Banks admit they fear BTC
Post by: Lesterus on May 20, 2018, 06:47:53 AM

Yes banks really afraid about cryptocurrency existence. Banks and crypto will have a conflict someday and probably crypto will be the cause of their bankrupts someday due of people did not save their money in banks when people have enough knowledge in crypto definitely people choose to invest in crypto.

Title: Re: Banks admit they fear BTC
Post by: cahbagus555 on May 20, 2018, 08:39:07 AM

With bitcoin existance, i think banks should be afraid because bitcoin or cryptocurrency can disrupt banks bussiness. Banks always control the money suppley and if bitcoin start used by many people, banks can not control bitcoin bitcoin because bitcoin supply already limited

Title: Re: Banks admit they fear BTC
Post by: Chrisjay29 on May 20, 2018, 09:08:24 AM

They should fear. Because when all country will accept bitcoin and cryptocurrency. Im sured no more banks in the future. Because if you see bank got low demand when you save your money in there. But if you save in bitcoin there are big chances that your money will double or triple in a year.

Title: Re: Banks admit they fear BTC
Post by: voltesbazooka on May 20, 2018, 09:37:46 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

This is very true. Now that we have come to the age of digital currency, there is only very little role for the banks to do. Imagine the fact that if people will be issued bitcoin as their salary, there will be very small amount or degree of depositors, and as we all know, banks earn their money by lending your money to other people.

Title: Re: Banks admit they fear BTC
Post by: nur rochid on May 20, 2018, 09:45:45 AM

Quote from: Chrisjay29 on May 20, 2018, 09:08:24 AM

right, with a decentralized system, the bitcoiner does not need a bank. and this is what the government is afraid of, because the banks and the government have an attachment. therefore many do not agree with btc, because of this problem

Title: Re: Banks admit they fear BTC
Post by: Sakash on May 20, 2018, 09:54:43 AM

Yes, the banks are afraid of BTC. Because people can make money transactions at BTC. The bank's profitability is decreasing by this. This makes the bank's profit down on a daily basis. For these reasons, the banks are afraid of BTC.

Title: Re: Banks admit they fear BTC
Post by: aqrulesms on May 23, 2018, 10:26:09 AM

Of course they are! Because in the era of bitcoin there will be no more need for a regular banking system, but they would invent something!

Title: Re: Banks admit they fear BTC
Post by: Angna27 on May 23, 2018, 10:41:59 AM

true or not.. but the thing is bitcoin has great potential in the future and what it can do to a person...families...communiies..and country is no joke it has domino effect that is probably the reason why they keep preventing people to get involved in bitcoin.

Title: Re: Banks admit they fear BTC
Post by: burnchan on May 23, 2018, 11:45:56 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Based on the article, sorry to say that banks are becoming desperate which made them do this. They did not play a fair game with crypto. At least now, people already know what banks are capable of. They are truly threatened by crypto's presence. So let us just wait and see to the upcoming days.

Title: Re: Banks admit they fear BTC
Post by: Kola on May 23, 2018, 11:57:58 AM

agreed with you man, there is some fake news that they try to convince us about that bull shit that they are call terrorism, even a dump ppl know that 911 was a inside job, so no point to blame crypto that is helping to terrorism, like they blame telegram in russia, if someone wants to do something illegal, he will find the way to do it, the main reason it is not a fake terrorism, give to the ppl a good job and decent life, they wont do anything shit isn't?

Title: Re: Banks admit they fear BTC
Post by: avirdoz on May 23, 2018, 12:41:35 PM

This is a good sign that everything is done correctly. Of course banks don't like the main idea of decentralization that will make their institute unnecessary. Bitcoin with its technology are changing the world right now.

Title: Re: Banks admit they fear BTC
Post by: Rizki_ct on May 24, 2018, 01:44:36 AM

The banks hates crypto, to them, it like a big competitor that needs eliminating. So its obvious that banks doesn't like bitcoin because they are going to lose potential profits from it.All Bitcoin holders and users knew about this long before. However, banks also are politicians and official's allies. Banks are afraid of Bitcoin because they will lost a lot of investors and banking investment.

Title: Re: Banks admit they fear BTC
Post by: Twentyonepaylots on May 24, 2018, 02:01:33 AM

Quote from: tabas on February 20, 2018, 09:56:45 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Go crypto and HODL my friends.
They fear crypto because it can save us

It can save us and it can also loose their business.

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

BTC itself is central bank, BTC is money!

The entry of crypto currency into market trading had a impact on the banking system globally, yes, the FEAR of unknown is very visible against digital transaction on the market treed, take a look at the issues hammered against Bitcoin project investment, we have issues on banned, scammer and the issue on regulation on any transaction on Digital trading with Bitcoin, but the raise on global awareness on crypto currency market trading is unstoppable. A lot more new investor are coming in, and possible investor are waiting for the right timing for them to put in their investment on Bitcoin. I am looking forward that once the issues on regulation were address, a lot more market trading investment for bitcoin will come in into the crypto trading market.

Title: Re: Banks admit they fear BTC
Post by: Lorence.xD on May 24, 2018, 02:19:50 AM

Quote from: tabas on February 20, 2018, 09:56:45 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Go crypto and HODL my friends.
They fear crypto because it can save us

It can save us and it can also loose their business.

Quote from: gua86402 on February 20, 2018, 09:47:02 AM

BTC itself is central bank, BTC is money!

The new age of digital currency transaction is now facing a lot more of resistant from either the Government and the financial business institution. Yes, the banking system were affected upon entry of crypto currency market trading or the digital transaction, the global acceptance on Bitcoin is unstoppable on the trading market, and a lot more are just waiting for the right timing to put in their Bitcoin investment in the crypto currency market. Bitcoin suffered a lot of issues on Banned, Scammer, and now the issue on regulation on its digital transaction on Bitcoin, the price value of this coin goes up and down with the issues on the back grown on market trading, yet it remain stable, with good fundamentals, and increase level of confidence on the market treed.

Title: Re: Banks admit they fear BTC
Post by: Chrisjay29 on May 24, 2018, 02:42:28 AM

Im not surprise on it. Because bank didnt give good interest in there customer. But when you go to bitcoin you will surprice the price of your money when it pump.

Title: Re: Banks admit they fear BTC
Post by: Flayme on May 24, 2018, 04:01:56 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

You know that's true.... They realy want to see people in the verge of problem.... Government are always promising that they realy want to help people.... They are always saying that they will do their best to help everyone but the reality is they just knly want to help themselves.... They are all rational thinker they always thibj first themselves before other.... And now the crypto currency emerge.... They really want to stop it and banned for what purpose to destroy the only hope of many people.... Cryptocurrency is really great.... If all of us know it surely we cant escape from our problem....

THIS IS THE ERA OF CRYPTOCURRENCY THEY CAN NEVER STOP IT....

Title: Re: Banks admit they fear BTC
Post by: Daimon88 on May 24, 2018, 06:49:06 AM

Quote from: Bestpromoter on May 20, 2018, 05:11:28 AM

Yeah they do. They are admitting the fear from bitcoins and they must do I think. Reason is, there is natural tendency to become feared from something that is just taking out the market. Once you were the top element of the market and now something else in such a short period of time is just coming up and taking the lead. So it is natural for them to be afraid of bitcoins.

Title: Re: Banks admit they fear BTC
Post by: yslyv on May 24, 2018, 08:44:44 AM

they should fear. because bitcoin is first step of eliminating banks from our lifes. when technology becomes more proper (faster, better network size etc) crypto currencies are going to become a really serious danger for the traditional banking system.

Title: Re: Banks admit they fear BTC
Post by: Sled on May 24, 2018, 10:05:17 AM

Quote from: yslyv on May 24, 2018, 08:44:44 AM

It is a threat for the banks in the future because the blockchain technology is far way better than the banks system because it is not that like the banks that it requires a lot of things before you can completely send your money to another person or bank while bitcoin is pretty simple and transparent which is the best i think for the users of bitcoin and the future generation that will use it.

Title: Re: Banks admit they fear BTC
Post by: Altf4 on May 24, 2018, 03:49:16 PM

Quote from: Sled on May 24, 2018, 10:05:17 AM

Quote from: yslyv on May 24, 2018, 08:44:44 AM

Banks would have fear towards bitcoin , it is because there are many people , who want to put their investment to the bitcoin or cryptos ,they think bicoin is a good investments, that is why the banks have fear about bitcoin, and the banks think that bitcoin is a competetor to the banks industry.

Title: Re: Banks admit they fear BTC
Post by: ChConcept on May 24, 2018, 04:26:36 PM

This is not a rocket science, anyone who sees the fake or false news, the black propaganda against Bitcoin would know that it is something made for Bitcoin to look bad in the eyes of the people. Who else would it be but those, Banks, big corporations and governments which are all connected and all have their own selfish agenda in hating Bitcoin.

Title: Re: Banks admit they fear BTC
Post by: burner2014 on May 24, 2018, 07:01:50 PM

I am just hoping that it would be a wake up call for banks that they should see how much people are hunger for a great investment that they did not give to investors/depositors. Hope they can find way for them to consider bitcoin in their system.

Title: Re: Banks admit they fear BTC
Post by: nicpaig on May 26, 2018, 12:31:41 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Title: Re: Banks admit they fear BTC
Post by: meusyou on May 26, 2018, 12:34:28 AM

They better be because sooner or later cryptocurrency is gonna replace the traditional fiat system. I'm glad to be part of this revolution.

Title: Re: Banks admit they fear BTC
Post by: Mikejones64 on May 26, 2018, 01:40:45 AM

Thank God, someone made bitcoin, so people like me can recover from being broke to financial stable.
Those banks were really in trouble once it is really found out that they pay for the people who spread false propaganda.
Yes, it is good for us, but i feel pity to the people who believe in that fake news. They will not be able to enjoy life having bitcoin.

Title: Re: Banks admit they fear BTC
Post by: systematicdeception on May 27, 2018, 05:14:15 PM

I don't know why but I am not surprised. You know banks and governmental institutions are always afraid of competitors. I think that btc is their rival and they don't want people to move to the decentralized currency

Title: Re: Banks admit they fear BTC
Post by: jaysabi on June 02, 2018, 12:08:35 PM

Quote from: ChConcept on May 24, 2018, 04:26:36 PM

Bitcoin doesn't need help looking bad, the facts alone are enough. It doesn't hold a stable value, it isn't particularly useful for transactions or storing value, and all the hype around Bitcoin is from people who want to go up in value because they think it's the ticket to getting rich quick. The more baseless hype that gets thrown around, the more damaging the potential fall is when Bitcoin doesn't achieve those lofty valuations in a short period of time. The current drop in price from $20,000 to now below $8,000 is mainly a reckoning as the mass delusion wears off as Bitcoin fails to sustain the mass hype hysteria that gripped the market at the end of last year. Banks don't have too much to worry about because they offer actual utility, no matter how much you hate them.

Title: Re: Banks admit they fear BTC
Post by: Rrotess on June 02, 2018, 12:26:22 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Now, it is truly alarming. Banks and government are maybe alarmed because we have already found a better way to have our own money without saving and lending it to banks, etc.

I hope that someday the truth and grace will be given to us as we face the challenging era of bitcoin.

Title: Re: Banks admit they fear BTC
Post by: Boov on June 02, 2018, 01:00:08 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money^[1] with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).

Go crypto and HODL my friends.
They fear crypto because it can save us

I personally do not think that government fears bitcoin or even banks. Government can sustain itself no matter what happens, it has many source of funds and their major source of funds is tax, and we people can not avoid tax no matter what. Banks should not also be afraid of bitcoin , a lot of people saying that " you can earn morethan banks can offer for you" where in fact banks is not built for investment , it is for security of your money , it is very low risk and the general rule of investment is the lower the risk the lower the return , people puts money on bank not because of their interest rate but because of security . if you are saing that government is afraid that people might get rich , I dont think so, Rich people makes more employment and it is also a benefit for a government.

---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---

Title: Re: Banks admit they fear BTC
Post by: BurakTurk on June 02, 2018, 01:26:52 PM

bitcoin is helping banks rather than being afraid of banks we should understand bitcoin is the future of banking we cant completely ignore the technology and innovation

Title: Re: Banks admit they fear BTC
Post by: pelipurlara on July 06, 2018, 07:19:09 AM

the dreaded banks are bitcoin customers who invest their money in banks will be reduced due to investments in bitcoin and with bitcoin in banks, then this world bank should be afraid because bitcoin is the best place to invest

Title: Re: Banks admit they fear BTC
Post by: canadinhano on July 06, 2018, 07:55:01 AM

Yes, I find that if the cryptographic market grows high, the fact that banks will freeze soon, the reality is that people now need capital and contribute less to banks to accomplish their goals. ICO. That is the current trend.

Title: Re: Banks admit they fear BTC
Post by: patarfweefwee on July 06, 2018, 08:02:41 AM

Thanks, but i really think everyone knows this. But then again, banks and fiat are both centuries even millenias old. These kinds of institutions are hard to beat by a barely 10 year old volatile currency. I know in the fiture that crypto currency will add to the economy but definitely not remove fiat altogether.

Title: Re: Banks admit they fear BTC
Post by: napi on July 06, 2018, 08:14:59 AM

yes you are right now some banks are frightened by the presence of bitcoin because bitcoin has a very sophisticated technology that does not need any more banks to save money that people have.

Title: Re: Banks admit they fear BTC
Post by: bitcoin2048 on July 07, 2018, 10:29:40 AM

In my country they don’t, but I think this is because, if Bitcoin will overtake an economy - banks will be needed no more. That way they need to adapt somehow, and be worried :)

Title: Re: Banks admit they fear BTC
Post by: Streamlink on July 13, 2018, 07:01:08 AM

Quote from: canadinhano on July 06, 2018, 07:55:01 AM

No, this is something different from the world of banking. With increase in the price of bitcoins wouldn’t be determining the damage of banks. We have seen so many times that whenever prices started raising, only users have been benefited. Nothing else has been observed. Banks are still going on with same zeal and run. But yes it would take long and long time for such happening.

Title: Re: Banks admit they fear BTC
Post by: davinchi on July 16, 2018, 10:12:33 AM

Quote from: systematicdeception on May 27, 2018, 05:14:15 PM

I think this is about the system which has provided the base to the banks. Bitcoin has been a potential threat to the banking system because it has the ability to replace the system. No government wants that because banks are the government financial institutions that collect taxes and bills that go to the government account.

Besides, the spread of Bitcoin will lower the demand for cash which is something the government does not want because that way, government will not be able to exercise the instruments of its monetary policy.

Title: Re: Banks admit they fear BTC
Post by: qwerty12 on July 16, 2018, 10:33:56 AM

Yes, of course. bitcoin is the first decentralized peer-to-peer payment network supported by its users without central authority or intermediaries. The lack of central authority is the main reason why governments and banks are afraid of bitcoin. they always prevent people from going to bitcoin by spreading fear into the society through negative news about the bitcoin they make.

Title: Re: Banks admit they fear BTC
Post by: darklus123 on July 16, 2018, 10:39:55 AM

Quote from: burner2014 on May 24, 2018, 07:01:50 PM

I think they haven't seen it yet. This banks are still confident that people are still gonna be choosing their platform where to save their money. Because of their propagandas towards bitcoin. 2017 was the hype for bitcoin not just because of the price but because they are also sending false informations that makes the bitcoin image not so good.

Title: Re: Banks admit they fear BTC
Post by: cammie16 on July 16, 2018, 11:07:09 AM

Quote from: darklus123 on July 16, 2018, 10:39:55 AM

Quote from: burner2014 on May 24, 2018, 07:01:50 PM

Yeah right, I think they are the reasons why bitcoin price drastically decreasing because of so many bad news involving the use of bitcoin. But they will never succeed ruining the bitcoin.

Title: Re: Banks admit they fear BTC
Post by: landyndanaju on July 16, 2018, 11:28:09 AM

Fears of banks is pretty obvious they have always been scared and know the implication of that for me. Come to think of it, my bank has been giving me some good interest on my savings recently, which has not really been something I have seen much from the past, and also, I keep getting the message of doing international transactions and getting some benefits. It seems they are really beginning to see how the power is leaving their hands.

Title: Re: Banks admit they fear BTC
Post by: TheClownSong on July 16, 2018, 11:53:37 AM

Quote from: darklus123 on July 16, 2018, 10:39:55 AM

Quote from: burner2014 on May 24, 2018, 07:01:50 PM

Banks must be preparing facing cryptocurrency. Banks already survive for many years and they will adapting on cryptocurrency. Bank have good infrastructure and with that, banks will survive and maybe take advantages on cryptocurency market

Title: Re: Banks admit they fear BTC
Post by: Wintersoldier on July 16, 2018, 12:00:22 PM

Quote from: Tankdestroyer on February 19, 2018, 09:28:06 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Perhaps they have legitimate reason to fear bitcoin and the rest of the emerging alternative coins in the market. Bitcoin is giving the public a decent choice in where to save and invest their money. Banks and government are working together for so long in the global financial system, the emergence of a decentralized currency is seems to be out of their usual thing, so it scares them that it may derailed their traditional way and may decrease the numbers of their investors.

Title: Re: Banks admit they fear BTC
Post by: btchunter02 on July 16, 2018, 12:41:00 PM

Yes bank admitted that they have feared on BTC, because some investors shifted their investment in crypto they saw high potentials from it a real profit rather, not just bank who are afraid on crypto but also some governments because for the first time ever banks and governments do not have control on money game.

Title: Re: Banks admit they fear BTC
Post by: darklus123 on July 16, 2018, 11:11:50 PM

Quote from: TheClownSong on July 16, 2018, 11:53:37 AM

Quote from: darklus123 on July 16, 2018, 10:39:55 AM

Quote from: burner2014 on May 24, 2018, 07:01:50 PM

Im sorry but i think that is not what they are trying to do now. Banks are still keep on telling people that bitcoin is a form of ponzi scheme that might ruin someone's life. In fact as you can see until now there are still no direct bank to bitcoin transactions. Some banks also has rules that if you are a bitcoin holder you can't use their service

Title: Re: Banks admit they fear BTC
Post by: talenah kotang on July 16, 2018, 11:24:56 PM

The thing that would be worrisome for banks especially for investors, they will switch investments in bitcoin. But the bank will not lose its function .. banks and bitcoin will be combined because the bank where melting crypto.

Title: Re: Banks admit they fear BTC
Post by: BestSSS on July 19, 2018, 06:34:06 PM

Yes, I think it really is. First of all, because it is a direct competition to banks. You can imagine what will happen if people stop carrying money to the Bank and carry everything to the cryptocurrency market.
Minimal transaction fees and great interest - that I'm afraid all the banks

Title: Re: Banks admit they fear BTC
Post by: suburban123 on July 19, 2018, 06:48:37 PM

The spread of digital money is undesirable for banks, given their current problems, which they have faced recently. Speech, first of all, is about low demand for loans, lower profits due to lower interest rates and fading hopes for deregulation. The negative attitude of banks to the cryptocurrency is gradually beginning to manifest itself in the open. Probably the general fear among banks regarding Bitcoin is that it completely destroys the need for intermediate transactions between financial institutions.

Title: Re: Banks admit they fear BTC
Post by: bowals on July 19, 2018, 07:01:07 PM

Makes sense after all bitcoin has gone through, but it's still surviving and getting stronger!

Title: Re: Banks admit they fear BTC
Post by: satana_igor666 on July 19, 2018, 07:01:14 PM

It's just that banks do not know what role they can play in the cryptoworld. As soon as they take their position, then they stop slandering bitcoin.

Title: Re: Banks admit they fear BTC
Post by: huhhuh18 on July 22, 2018, 11:13:22 PM

I don't even understand why the oldies don't want the young people to also explore opportunities that could help save them. Blockchain and cryptocurrency have been offering people accross the world with a variety of opportunities but these people always try their best to discredit this new technology. It's very sad and bad.

Title: Re: Banks admit they fear BTC
Post by: Roomshambles on July 22, 2018, 11:24:08 PM

Because the advantages of bitcoin are so abundant then banks are afraid of being replaced with bitcoin, so many banks may anticipate how they will be useful in the future.

Title: Re: Banks admit they fear BTC
Post by: droptableguy2 on August 03, 2018, 03:19:19 AM

Quote from: napi on July 06, 2018, 08:14:59 AM

yes you are right now some banks are frightened by the presence of bitcoin because bitcoin has a very sophisticated technology that does not need any more banks to save money that people have.

It is just a small part of the more important issues. Banks are not afraid that they are afraid of transactions and less revenue. However, if they do not accept the transaction, it will be difficult to develop. Electronic money contributes to a strong economic boost.

Title: Re: Banks admit they fear BTC
Post by: victoryana on August 03, 2018, 03:39:20 AM

If accepted, the impact of Bitcoin (BTC) on banking services can be seen clearly. For example, remittance service in the country, if the money transfer in the currency will lose a cost to the bank if the bitcon transfer is very little and the bank they will not receive interest should learn afraid of bitcoin

Title: Re: Banks admit they fear BTC
Post by: Deubila on August 08, 2018, 06:09:12 AM

Quote from: darklus123 on July 16, 2018, 10:39:55 AM

Quote from: burner2014 on May 24, 2018, 07:01:50 PM

Giving false information about bitcoin is not reasonable. Why do you have to do that together? Apparently the state bank that take the action is not beautiful. Just because of the small profits, the bad image of electronic money is not worth it. I believe bitcoin will redo the actions to show them, how the appearance of bitcoin will change. And really helped a lot in the community.

Title: Re: Banks admit they fear BTC
Post by: Nakedbitcoin on August 08, 2018, 07:29:01 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

It's because investment in bitcoin is better than the bank. If we compare the profits of this two categories the bitcoin is much highest profitable than the bank thats why if...someday all people know and have gain more knowledges about the investment in bitcoin.. thats the time they leave the bank and transfer their investment in bitcoin.

Title: Re: Banks admit they fear BTC
Post by: cahbagus555 on August 08, 2018, 07:54:18 AM

Quote from: Rizki_ct on May 24, 2018, 01:44:36 AM

With bitcoin, peoples dont use banks to open account and make transaction. When we opening wallet, its like we have account in the banks and we dont need third party like banks. Bitcoin creating transparant ledger and bitcoin not controlled by anyone or institution thats why many central banks oppose bitcoin.

Title: Re: Banks admit they fear BTC
Post by: nicster551 on August 08, 2018, 08:01:59 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

They should be afraid of Bitcoin because of the tendency that they are going to be out of the economic zone when things got freaky with crypto. But I really doubt that to happen since banks have a big role in our society for like doing mortgages and everything that would help us if we can't buy things in cash.

Title: Re: Banks admit they fear BTC
Post by: bitbunnny on August 08, 2018, 08:17:46 AM

Of course that banks don't like competition and Bitcoin definetely is competition in a part of services that are currently reserved for banks.
But competition is good and healthy and this can only make banks to improve their services and their attitude towards clients so we all could have benefit from it.
Also, sooner or later banks will embrace Bitcoin because they know they can't escape new technologies and virtual currencies if they want to survive in the market.

Title: Re: Banks admit they fear BTC
Post by: VclDm on August 08, 2018, 10:08:25 AM

Yes, because BTC is always a risk to break down the business of the banking sector, today the growth rate of the cryptographic market is increasing rapidly as rushing, which may occupy the entire financial market on world

Title: Re: Banks admit they fear BTC
Post by: valentine401 on August 08, 2018, 10:11:58 AM

Quote from: VclDm on August 08, 2018, 10:08:25 AM

I do agree on that, most of the people now a days prefer to invest on cryptocurrency more than placing their money on banks which makes their business loose its edge on the industry and that's why they are scared of crytpocurrency growth.

Title: Re: Banks admit they fear BTC
Post by: scoin9 on August 08, 2018, 10:23:46 AM

I certainly feel that banks would be scared of digital assets that is cryptocurrency because it leaves them without major control of funds due to it's decentralized nature. Because of this decentralized nature banks would not be able to trade freely with deposited funds as they normally do with Fiat.

Title: Re: Banks admit they fear BTC
Post by: semimall on August 08, 2018, 11:03:50 AM

When we want to send money abroad, about 10% of our money is taken from us for sending fee. It's like a legal robbery. they are afraid of bitcoin, and should be.

Title: Re: Banks admit they fear BTC
Post by: jademaxsuy on August 09, 2018, 03:51:14 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

No it is not only that because as the system proposed a project implementation that really the community will be benefited and not only the capitalist. As we all know that in ICO period the investors are not just a single individual because the project is basing on the crowd investment. So this way those capitalist got scared and they know that their business will going to have a lot of competition and could slow down their business.

Title: Re: Banks admit they fear BTC
Post by: Vorzlave on August 09, 2018, 04:20:07 AM

Government always use the media to influencing its citizens. I don't watch television for a long time, because all news that appears there full of negative influences, whose purpose is to scare us into doing something good. There's a lot of negative news about cryptocurrency. And i don't believe it.

Title: Re: Banks admit they fear BTC
Post by: baconlike on August 09, 2018, 04:41:27 AM

Because BTC is now competing with the bank quite fierce, BTC has taken over the market share of the bank too large. The number of visitors to the bank is declining

Title: Re: Banks admit they fear BTC
Post by: jademaxsuy on August 09, 2018, 05:31:17 AM

Quote from: valentine401 on August 08, 2018, 10:11:58 AM

Quote from: VclDm on August 08, 2018, 10:08:25 AM

No actually it isn't that banks will going to fear wherein cryptocurrency has being created. It is that transaction could be made possible using the P2P service wherein they could not get a transaction fee on it because it is an independent transaction. However, these banks should not fear because as the other members stated that the bank could be use as a third party for those local exchanges to collect payment and will enable its client to convert fiat to crypto. This is where banks could earn on by being a third party of those local exchange in the collection of fiat.

Title: Re: Banks admit they fear BTC
Post by: katerinaliisa on August 09, 2018, 06:44:24 AM

I think that banks are not afraid of bitcoins. They do not want to work with the crypto currency, because they will receive less profit from this.

Title: Re: Banks admit they fear BTC
Post by: KocaEfe on August 09, 2018, 07:03:34 AM

As it was known for a long time, the monetary system was created, so that money circulated in the hands of those who own them. Accordingly, the government owns money. The bitcoin does not belong to them and accordingly it can not bring them profit. Even if they make a tax on storage or trade. This will not save the government. A lot of people will evade taxes.

Title: Re: Banks admit they fear BTC
Post by: Rufsilf on August 09, 2018, 07:06:44 AM

Of course the banks hate and they are afraid of bitcoin because they know that the threat is all about investors and the investors from the banks will transfer to bitcoin and other cryptocurrency because they know that there is something better than putting money in banks since they can grow money easily with bitcoin and other cryptocurrency.

Title: Re: Banks admit they fear BTC
Post by: arpon11 on August 09, 2018, 07:20:35 AM

Bank should be afraid of bitcoin because it has been discovered to take they jobs. I see bitcoin as a future of our financing and many wise company owner are working hard to study cryptocurrencies and how to adopt it into their system. Bankers are the really problems and reasons why we are in financial crisis.

Title: Re: Banks admit they fear BTC
Post by: basyang on August 09, 2018, 08:40:51 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Of course Banks possible afraid in Bitcoin because of its popular today. However, they are chill because banks is banks they are decade in this industry and they are confident enough that they can not be destroy in such a crypto. Even though they are afraid in Bitcoin still they have a weapon to protect themselves from distruction. Banks are still we need in our daily lives.

Title: Re: Banks admit they fear BTC
Post by: Ayencyet79 on August 09, 2018, 04:05:06 PM

Title: Re: Banks admit they fear BTC
Post by: BTCballa on August 09, 2018, 08:02:59 PM

People are still believing that Bitcoin is that exact thing, that will allow them to become rich over one night, people heard about that speak in 2017 and they are thinking that it will repeat again. So they are trying to catch it.

Title: Re: Banks admit they fear BTC
Post by: Initscri on August 09, 2018, 09:02:54 PM

This has been long known for a while. When banks freeze your assets solely on the basis of you using bitcoin, that's purely fear based on their part.

I hate it though, it ruins advancement. IMO, banks should participate instead of trying to hinder technology.

Title: Re: Banks admit they fear BTC
Post by: Princzny on August 09, 2018, 09:18:56 PM

There are a lot of evil in this world and a lot of it is perpertrated by the ones we see as super intelligent, leaders!
But what i believe is that it is time for good to prevail. Guys like satoshi, ned scott are applying their knowledge and resources to better the life of people they dont even know. And I pray for those guys everyday because if I have as much wealth I would have ask for wisdom to use it for the betterment of humanity.

Nobody can stop the BTC or cryptocurrency movement. It is here to stay!

Title: Re: Banks admit they fear BTC
Post by: AAfunctionaluppityF on August 09, 2018, 09:19:43 PM

I'm waiting this moment since 2013. It will come soon, I'm sure! Banks now are starting to understand what's is a crypto and what's their potential. It won't require too much to scare the whole market with its volumes and trading.
Banks will join (if they still didn't) cryptocurrency trading REALLY soon! Big whales are coming!

Title: Re: Banks admit they fear BTC
Post by: Athanasios Motok on August 09, 2018, 09:20:37 PM

I think banks will soon come up with a mechanism for lending individuals crypto-coins. That is, They will issue bitcoins, and we will pay for them with Fiat money. On the one hand, this is a good opportunity for us to buy bitcoin in installments, but we will have to pay more % and Commission. This segment will remain for the banks.

Title: Re: Banks admit they fear BTC
Post by: Iyanu14 on August 09, 2018, 09:22:08 PM

Of course banks are afraid of bitcoin what bitcoin can do to them, and that is much reason banks are looking for ways to pull crypto down and make it to become history.

Title: Re: Banks admit they fear BTC
Post by: gioangelofelix on August 09, 2018, 09:59:45 PM

Title: Re: Banks admit they fear BTC
Post by: jcarlo on August 10, 2018, 12:42:51 AM

Quote from: gioangelofelix on August 09, 2018, 09:59:45 PM

Maybe banks admit it because they want to enter on cryptocurrency market and adopting crypto to their system. If banks admitted they entering on crypto market, indeed it will make price movement very high fluctuation because banks will bring a lot money in market

Title: Re: Banks admit they fear BTC
Post by: btc78 on August 10, 2018, 12:59:58 AM

Quote from: Tankdestroyer on February 19, 2018, 09:28:06 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

Bur banks now are strting to adapt blockchain technology to their technology since they know what troubles they are facing if they continue to deny the effect of cryptocurrency to their companies,crypto is dominating the banking system and leaves them no choice but to embrace block chain and all the technology behind this virtual coins

Title: Re: Banks admit they fear BTC
Post by: deppil on August 10, 2018, 01:17:24 AM

Quote from: jcarlo on August 10, 2018, 12:42:51 AM

Quote from: gioangelofelix on August 09, 2018, 09:59:45 PM

Actually the hope of bitcoin users is this. where banks can collaborate with crypto. banks adopt bitcoin. and users can easily deposit
or withdraw to bitcoin. of course that can be beneficial for both right? I hope that can happen in the next few years

Title: Re: Banks admit they fear BTC
Post by: yitzjoe on August 10, 2018, 02:16:31 AM

The cryto community will continue to be burdened by this problem, where many world governments are reluctant to accept the crypto principle of decentralization, they still want to regulate everything and be protected by regulations that benefit them but not for society. only people who want to learn crypto will understand and benefit from the crypto

Title: Re: Banks admit they fear BTC
Post by: Argoo on August 10, 2018, 04:48:20 AM

Quote from: VclDm on August 08, 2018, 10:08:25 AM

Governments and banks are afraid of the unregulated nature of decentralized crypto currency. The economy of each state is planned, without planning it is difficult to develop it. Decentralized crypto currency with its chaos can break this delicate mechanism. In addition, such a crypto currency is not beneficial to banks and the government. She gives them nothing, except for problems. Decentralized crypto currency is very much needed only for citizens, so people should influence their governments and force them to pass appropriate laws on the introduction of crypto currency as a means of payment in parallel with national paper money.

Title: Re: Banks admit they fear BTC
Post by: Kusnechik on August 10, 2018, 05:19:57 AM

Banks are afraid of implementing blockchain, but it will help organize the workflow in their organizations and cut costs.

Title: Re: Banks admit they fear BTC
Post by: SirLancelot on August 10, 2018, 07:02:13 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

I don’t know for sure, but I think banks can end Bitcoin. And if you ask me how they are going to do that, I think it’s by protesting with claims that Bitcoin is ruining everything they have ever worked on, then you will see the government interfering in the matter.

And when government decides to stop, they can do that at once. The only reason why Bitcoin is still being used is because there are countries where it is being allowed. So don’t say that banks are afraid of Bitcoin, they are not.

Title: Re: Banks admit they fear BTC
Post by: longrhm0 on August 11, 2018, 11:35:24 AM

i'm simply hoping that it might be a awaken name for banks that they ought to see how a whole lot people are hunger for a super investment that they did now not give to investors/depositors. wish they could locate manner for them to take into account bitcoin in their gadget.

Title: Re: Banks admit they fear BTC
Post by: Lexurdania on August 11, 2018, 12:43:35 PM

Banks should be afraid on bitcoin. With bitcoin, peoples can open wallet easily and having bitcoin wallet is like opening banks account. With bitcoin wallet, we can make transaction with others peoples in the world without using third party like banks and we can save a lot cost for transfering our bitcoin. Its much cheaper than banks fee

Title: Re: Banks admit they fear BTC
Post by: georgiasus on August 22, 2018, 01:06:05 PM

Absolutely agree! I believe that the banking system and, in general, the entire economic system as a whole has already outlived itself. As much as it would be desirable that people would not yield to the provocation of the media. I still hope that banks will fall in this fight.

Title: Re: Banks admit they fear BTC
Post by: Motokonomo on August 24, 2018, 04:42:45 PM

They are really afraid of Bitcoin because they know Bitcoin will be extremely development in the future but they can not extinguish it because of its anonymity.

Title: Re: Banks admit they fear BTC
Post by: drm on August 24, 2018, 05:15:47 PM

Quote from: Athanasios Motok on August 09, 2018, 09:20:37 PM

Anything that makes it easier for the people to buy and hold bitcoin will be a big step towards worldwide adoption.

Title: Re: Banks admit they fear BTC
Post by: Ayaah on August 24, 2018, 09:42:09 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

As the technology is moving forward, there is a higher possibility of changes and this will include the systems in banks. But maybe also then is a possibility that banks will be less likely for the people to transact with.

Title: Re: Banks admit they fear BTC
Post by: jaysabi on August 24, 2018, 10:13:37 PM

Quote from: georgiasus on August 22, 2018, 01:06:05 PM

Outlived itself how? The economy is a result of the banking system we have. Credit is the essential ingredient that grows the economy. The economic system hasn't outlived itself. Prosperity is what creates peace. The world wars were both caused by economic tensions that were used to exacerbate nationalist tendencies. The EU is largely an effort to foster cooperation and create aligned economic interests as a means of avoiding nationalism, which is now failing in the face of growing riftwing extremism. The current economic system is out best hope for continued stability. The notion it has outlived itself is silly.

Title: Re: Banks admit they fear BTC
Post by: BitSat on August 24, 2018, 10:18:26 PM

Bitcoin has gained a lot of popularity in the last few months and it is becoming a strong competition for Banks. People are now investing their money in Bitcoin instead of saving it in banks. This is because investing in Bitcoin provide them more profit than the increment they get monthly or annually by saving their money in banks. People can now keep an eye on their money and no sort of interference is there by any third party such as banks. People can now deposit or withdraw at any time without any sort of paper work.

Title: Re: Banks admit they fear BTC
Post by: DOH! on August 24, 2018, 10:56:19 PM

Quote from: Ayaah on August 24, 2018, 09:42:09 PM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

I think the future of banks should adopt blockchain technology and the advantages of Bitcoin to change management thinking and bank payments. I believe it will grow stronger and be more successful today.

Title: Re: Banks admit they fear BTC
Post by: jaysabi on August 24, 2018, 10:59:39 PM

Quote from: BitSat on August 24, 2018, 10:18:26 PM

It's not becoming a competition for banks. In the last 8 months, enthusiasm for Bitcoin has been falling along with the price. At its height last December, you couldn't say it was becoming a competitor for banks because NO ONE is using it as such. This pipe dream that BTC is going to overthrow the banks needs to die, because it's directly related to the irrationality of the price in the markets.

Title: Re: Banks admit they fear BTC
Post by: DiabolicAnt on August 24, 2018, 11:08:10 PM

Of course they do, it's a whole new system that surpasses them and it's not even for their benefit. Bank system is totally different, it'd hard for them to adapt.

Title: Re: Banks admit they fear BTC
Post by: 7Dyoknga5 on August 24, 2018, 11:14:54 PM

Banks gets their income from client's money, and this won't be suprising specially if the government is there to back them up.

The government and banks might have seen crypto's potential that some of us might not yet and they're now doing anything to stop it.

Let's wait and see what crypto would be in a few years.

Title: Re: Banks admit they fear BTC
Post by: Rrtt on August 25, 2018, 01:48:46 AM

Quote from: DiabolicAnt on August 24, 2018, 11:08:10 PM

Of course they do, it's a whole new system that surpasses them and it's not even for their benefit. Bank system is totally different, it'd hard for them to adapt.

Banking system is different from crypto, they lend our money with almost nothing in return and we are not even sure if we could that money again in the future if we need it. In crypto, we have full control of our asset and we could spend whenever we want. For sure banks are afraid of it because their income depend on the transactions that people made with them so if no transaction means no income for them.

Title: Re: Banks admit they fear BTC
Post by: alfs75 on August 25, 2018, 02:38:33 AM

Quote from: Lionel on February 19, 2018, 06:08:44 PM

will,in this situation supposedly banks should not fear about cryptocurrency thats its will alter them someday and bring into a different country as a cashless society,instead of helping each other to improve the economic growth and social responsibility,otherwise sometimes we could not blame the banks thats its feel fear about crypto,because they thinks once the digital system would be regulated,evertyhing about money currency would be changes into digital figures.

Title: Re: Banks admit they fear BTC
Post by: Eigig on August 25, 2018, 03:57:23 AM

This will be the effect of crypto currency that that are now rising on top, the banks would really worry because some of their clients will have possibility of shifting investments from bank to cryptocurrency and this bank is a financial business , and they can not afford to lose profits ,that is why they fear about this bitcoin technology .

Title: Re: Banks admit they fear BTC
Post by: Portia12 on August 25, 2018, 03:58:02 AM

Quote from: DiabolicAnt on August 24, 2018, 11:08:10 PM

Of course they do, it's a whole new system that surpasses them and it's not even for their benefit. Bank system is totally different, it'd hard for them to adapt.

Obviously banks will really fear cryptocurrency because the market price and growth of bitcoins is continuously growing, that is the reason why you should hold your coins today or invest even more in the market.

Title: Re: Banks admit they fear BTC
Post by: kaisa on August 25, 2018, 04:07:38 AM

Banks should not be afraid, because this is a new economic revolution so they only need to adapt and observe to control the exchange activities of their respective countries. I think the news is polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos (https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos) also orders, these videos are also not circulating anymore. The bank currently earns a lot of income from credit, while the money transfers that benefit are not banks, but transfer systems such as Mastercard and visa. so, the bank is afraid of cryptocurrency is wrong, but the shipping system entrepreneurs who fear their income is reduced.

Title: Re: Banks admit they fear BTC
Post by: UchihaRukawa on August 25, 2018, 04:07:43 AM

In my opinion, banks are afraid of cryptocurrency because of the fact that cryptocurrencies are held virtually, meaning, people are holding as much money as they want without having someone or a third party to mediate with, and this means you alone are controlling whatever amount of money you have. So the bank is technically not needed any more.

Title: Re: Banks admit they fear BTC
Post by: Indai24 on August 25, 2018, 04:41:24 AM

Quote from: UchihaRukawa on August 25, 2018, 04:07:43 AM

I don't think that banks are afraid of BTC, there's nothing to be afraid of because banks are the most stable and when it comes to security they are the most reliable.

Title: Re: Banks admit they fear BTC
Post by: muzammilshah093 on August 25, 2018, 04:50:57 AM

I think governments are testing crypto potential, if it can be oppressed by some shitty news then why anyone should go for crypto. I think its being test to know the scale of crypto and its potential as substitute for paper money. sooner or later you will see everywhere crypto currencies or you may call National Digital Currencies . because it is traceable, transparent, secure, protected, has governance, instant transfers

Title: Re: Banks admit they fear BTC
Post by: nathanielpogi on August 25, 2018, 05:13:56 AM

Quote from: 7Dyoknga5 on August 24, 2018, 11:14:54 PM

They really must admit it because of the blockchain technology innovations they can be deleted or surpassed by cryptocurrency.

In the aspects of the transaction, they are not needed if the cryptocurrency will be adopted there will be no middleman third-party fees to pay with.

Title: Re: Banks admit they fear BTC
Post by: sumanto on August 25, 2018, 05:22:58 AM

Yes, you are right, maybe this is indeed a bank that is very scared if customers leave the bank and leave the bank, which will eventually choose to save the money in cryptocurrency and eventually the bank will go bankrupt.

Title: Re: Banks admit they fear BTC
Post by: Theackdyo on September 08, 2018, 10:50:11 AM

sure banks certainly afraid approximately cryptocurrency lifestyles. Banks and crypto may have a warfare sooner or later and possibly crypto can be the motive in their bankrupts at some point due of people did now not store their cash in banks while humans have sufficient know-how in crypto genuinely humans choose to put money into crypto.

Title: Re: Banks admit they fear BTC
Post by: Caubethamaner on September 12, 2018, 07:47:46 AM