whored
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May 07, 2016, 03:23:36 PM |
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Banks hate bitcoins for the same reason they hate Beanie Babies -- they can't print them out of thin air. Not like their worthless fiat scrip toilet paper.
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noormcs5
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May 07, 2016, 03:35:48 PM |
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If you will think about it. Bitcoin is like a bank also. You can invest your money in it. You can transfer money using it. Your money is also growing. A competition could be the one good description not hate.
Banks hate bitcoins because its a true competitor of them. Bitcoins has low taxes, no setup fees, no upfront charges. So people will be more attracted towards the Bitcoins as compared to banks One more reason is here, because most of the people in the other countries are using their money into bitcoins, than banks faces the lose. because now people refer convert their money into bitcoins, instead of save their money into bank account. so bank face the lose. |
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Lutzow
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May 07, 2016, 03:47:55 PM |
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And they're getting less transaction fees since people nowdays uses bitcoin in transferring money across the world.
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Penguen
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May 07, 2016, 03:51:30 PM |
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Realy, do the banks hate from BTC? I dont think so. The banks dont interest with BTC.
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knowhow
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May 07, 2016, 11:52:37 PM |
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Realy, do the banks hate from BTC? I dont think so. The banks dont interest with BTC.
Well banks has an eye on the blockchain tecnology and they trying to make one for them as well,lowering the cost saving thousands they arent being able to make at the current system paying huge fees to transfer money betwen them.There is no hate banks control fiat money that is 98%if not 99 % from all money circulating bitcoin has just a bit money into it.Bitcoin had atracted banks to they save costs,they may dont like it be decentralized but they saw the potencial into it,and who knows if they wont be making their own crypto coin and sharing dividends with the owners of those. |
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co5hike
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May 07, 2016, 11:54:08 PM |
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Bitcoin is an tough competitor for banks and banks knows that this competition can go to a higher level in future if bitcoin gets more popular and that is the reason banks are scared of bitcoins.
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davinchi
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May 08, 2016, 09:33:06 AM |
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If you will think about it. Bitcoin is like a bank also. You can invest your money in it. You can transfer money using it. Your money is also growing. A competition could be the one good description not hate.
Banks hate bitcoins because its a true competitor of them. Bitcoins has low taxes, no setup fees, no upfront charges. So people will be more attracted towards the Bitcoins as compared to banks Yes because of the low taxes, no fee and no any other charges, people are attracted towards bitcoin and banks are remained at a little back in the matter of investment, but for the banks it will be better that they start some services for bitcoin, their profit from it will be sure. |
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Rotator
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May 08, 2016, 10:22:48 AM |
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To be honest i don't know where did you found fact that bitcoin is hated by banks. They will try to kill it one day when he becomes more stronger, (when he becomes threat) but till then bitcoin is not important for them. This is exaggeration.
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Y.Job
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May 08, 2016, 10:26:21 AM |
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I think most of them don't even know what's bitcoin  |
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senyorito123
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May 08, 2016, 10:27:44 AM |
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To be honest i don't know where did you found fact that bitcoin is hated by banks. They will try to kill it one day when he becomes more stronger, (when he becomes threat) but till then bitcoin is not important for them. This is exaggeration.
Me to i dont know why banks hate bitcoin while mostly of banks dont really know bitcoin is existing in this world i merely disagree for the thoughs that bank really hate, they have good partnership bitcoin is nothing without banks, and for those banks who knows bitcoin maybe they are hate it because of low fees in every transaction |
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PinkLlama
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May 08, 2016, 10:30:15 AM |
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Probably because Bitcoin is fairly anonymous, they can't take any part in the transactions as a middleman and it's decentralized.
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Developing great Bitcoin tools for the community
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Blitzboy
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May 08, 2016, 10:36:55 AM |
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I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
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katrimans
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May 08, 2016, 10:51:35 AM
Last edit: May 14, 2016, 02:01:38 AM by katrimans |
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Banks hates bitcoin because they can not control bitcoin and they can not become regulator for bitcoin.
Banks dont like the bitcoins |
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coinplus
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May 09, 2016, 01:59:00 PM |
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If you will think about it. Bitcoin is like a bank also. You can invest your money in it. You can transfer money using it. Your money is also growing. A competition could be the one good description not hate.
Banks hate bitcoins because its a true competitor of them. Bitcoins has low taxes, no setup fees, no upfront charges. So people will be more attracted towards the Bitcoins as compared to banks One more reason is here, because most of the people in the other countries are using their money into bitcoins, than banks faces the lose. because now people refer convert their money into bitcoins, instead of save their money into bank account. so bank face the lose. Yes, I agree with you, banks do not want the flow of money to bitcoins and they want that people do not invest in any other scheme or plan, but only in their banks, so that they earn some profit with that. |
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sana54210
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May 09, 2016, 07:47:14 PM |
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Banks hates bitcoin because they can not control bitcoin and they can not become regulator for bitcoin.
I think they can control and regulate bitcoin and can device a system for it, they should have to start a wallet system for it or have to start an exchange system for it, with that they will have some control on bitcoin and people will need them to store their bitcoin. |
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outatime1
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CryptoTalk.Org - Get Paid for every Post!
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May 09, 2016, 08:12:41 PM |
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If people store money as bitcoin, then it takes away from the bank's business. The banks use depositor's money to invest and make more money from it.
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jamesl22
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May 09, 2016, 08:23:43 PM |
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If people store money as bitcoin, then it takes away from the bank's business. The banks use depositor's money to invest and make more money from it.
Yes and banks are aware that if bitcoin gets on the mainstream then it will be huge loss for them in terms of customers and also in the monetary value. |
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BlueTemplar
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Gone for a minute now back again
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May 09, 2016, 09:23:54 PM |
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Every major financial institution around the world is aware of Bitcoin and all of them are at least researching the technology. The smart ones are building prototype systems built on the tech. Some or many of them may never touch Bitcoin the crypto-currency, but they will all use the tech at some point. I believe many of them will actively hold and exchange Bitcoin at some point and a number of them very likely hold some BTC right now.
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btccashacc
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May 09, 2016, 11:56:09 PM |
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I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing, |
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knowhow
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May 10, 2016, 12:05:41 AM |
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I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing, Wrong if banks enter into bitcoin world they will try to control and a lot of pumps and dumps should happen as they are able to invest any ammount into bitcoin.Who would earn almost nothing and take a huge risk would be us small owners of bitcoin,banks has their services that get them a huge interest ,they arent affected by bitcoin at all as the most people trading bitcoin has to use bitcoin to moove the money in and out taking their fees. |
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