Bitcoin Forum
December 11, 2017, 08:01:14 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How 37 banks became 4 in just 2 decades in One chart  (Read 491 times)
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
February 12, 2016, 01:00:30 PM
 #1


Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513022474
Hero Member
*
Offline Offline

Posts: 1513022474

View Profile Personal Message (Offline)

Ignore
1513022474
Reply with quote  #2

1513022474
Report to moderator
youdamushi
Sr. Member
****
Offline Offline

Activity: 392


View Profile
February 12, 2016, 02:21:13 PM
 #2



Dude, this picture goes directly in my image bank!
Thanks a lot, I'll get it next time a shitty capitalist wants to explain me that freedom of market is the only way out and "is good for concurrence" AH!


PARADICE.io






Zeke2345
Member
**
Offline Offline

Activity: 98

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
February 13, 2016, 12:16:23 AM
 #3

Be interesting to watch a timeline for these banks coming together. As bad as this looks, you see it happening in many areas.
Either you grow and buyout competition or they buy you out. Think its a big issue.

██████████    YoBit.net - Cryptocurrency Exchange - Over 350 coins
█████████    <<  ● $$$ - $$$ - $$$ - $$$ - $$$ - $$$ - $$$   >>
██████████    <<  ● Play DICE! Win 1-5 btc just for 5 mins!  >>
coinhelper
Member
**
Offline Offline

Activity: 64


View Profile
February 13, 2016, 12:22:09 AM
 #4



It's funny how different that looks compared to UK.
Many banks are now surviving well in the UK and are separating after joining a few decades ago (due to EU law, there is a certain number of branches that one company can have).
Be a good thing to watch/invest in (share wise) at this stage considering the number of banks hat are left.
yenxz
Sr. Member
****
Offline Offline

Activity: 294



View Profile
February 13, 2016, 05:48:53 AM
 #5

so that big four of bank america is made from many bank?i never know about this,really great chart.
nickenburg
Hero Member
*****
Offline Offline

Activity: 490


View Profile
February 13, 2016, 04:48:22 PM
 #6

Yeh this is not different for other industry's
The big companies got the most profit so they can take over the smaller concurrents.
And in the end they have monopoly, it's the same in the Food industry:



As you can see in this image there are like 10 big companies that own all of the food products we buy!
youdamushi
Sr. Member
****
Offline Offline

Activity: 392


View Profile
February 15, 2016, 12:55:26 PM
 #7

Yeh this is not different for other industry's
The big companies got the most profit so they can take over the smaller concurrents.
And in the end they have monopoly, it's the same in the Food industry:



As you can see in this image there are like 10 big companies that own all of the food products we buy!

And after that some assholes will still come by explaining that you just have to "work hard and try enough" because freedom of market is "the greatest possible thing" yeah for sure I'll take the freedom to burn you alive yeah!


PARADICE.io






pancho_villa
Newbie
*
Offline Offline

Activity: 19


View Profile
February 15, 2016, 02:51:16 PM
 #8

This is a normal market behavior, which can be observed in many areas, not just in the banking sector. Initially anyone can start a business, but with the passage of time, appear laws and barriers hindering the entry or maintenance in that particular market.
youdamushi
Sr. Member
****
Offline Offline

Activity: 392


View Profile
February 16, 2016, 09:17:04 AM
 #9

This is a normal market behavior, which can be observed in many areas, not just in the banking sector. Initially anyone can start a business, but with the passage of time, appear laws and barriers hindering the entry or maintenance in that particular market.

Which is why governments should take those things into account and get them against the wall!


PARADICE.io






Elwar
Legendary
*
Offline Offline

Activity: 2310


www.bitpools.com


View Profile WWW
February 16, 2016, 09:51:09 AM
 #10

Dude, this picture goes directly in my image bank!
Thanks a lot, I'll get it next time a shitty capitalist wants to explain me that freedom of market is the only way out and "is good for concurrence" AH!

Lol...like banks are part of the free market.

Try opening a new bank without selling your soul to the government and the Federal Reserve, tell me how that goes.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!