Why Banks Hates Bitcoin?

[Vaccomundus]

they like blockchain, because it will bring them more money, banks love more money, and unless bitcoin make them more money, they don't care about it

[botany]

Because they know that bitcoin is a better system than banks,Bitcoins are probably going to drive them out of business. That's why they hate it so much.

how they can refuse or hate bitcoin while they do not know anything about bitcoin? This is just speculation from someone that hates bitcoin bank whereas banks did not hate or even know what it was bitcoin. it proved that I inquire about bitcoin to the bank manager. but he did not know about bitcoin

Statements by Jamie Dimon and other banking stalwarts provide an indication of what banks think about Bitcoin.
The views of your local banking manager really don't matter.

[Denker]

they like blockchain, because it will bring them more money, banks love more money, and unless bitcoin make them more money, they don't care about it

Blockchain will help banks to disintermediate other banks and services they now need.
Furthermore it will help them to reduce costs and speed up several transactional and clearing processes.
But that's it!No innovation, no new markets of growth for them will be created.
All the interesting and exciting things will happen outside their environment.And some of those things will eat some nice pieces of their of cake!And they definitely don't like that!So I wouldn't say they don't care about Bitcoin! We are in the "then they fight you" stage!!

[1Referee]

I don't think that banks hate bitcoins generally.
Some of them simply have no clue how to deal with it.
Others have at least noticed the trend.
Like the fidor bank for example. They work together with a market place for bitcoins.

Believe me, banks know exactly what Bitcoin is and how it works. That's also the main reason for them to fear Bitcoin as it makes banks kinda useless. But yes, you are right, there are indeed some banks with a friendly Bitcoin approach, that's something I can applaud for.

[botany]

I don't think that banks hate bitcoins generally.
Some of them simply have no clue how to deal with it.
Others have at least noticed the trend.
Like the fidor bank for example. They work together with a market place for bitcoins.

Believe me, banks know exactly what Bitcoin is and how it works. That's also the main reason for them to fear Bitcoin as it makes banks kinda useless. But yes, you are right, there are indeed some banks with a friendly Bitcoin approach, that's something I can applaud for.

They really don't have to worry. Most part of banking is heavily regulated and there are entry barriers to new entrants who want to use bitcoins. 

[Fityan]

Why banks hate bitcoin... And why we no longer need them...

What banks can do better than bitcoin. If bitcoin also have almost all features of banks.  Only must have an internet and you can use bitcoin already.

And bitcoin has faster transactions than the bank and more secure I guess.

Banks not hate bitcoin,they just afraid and worry that bitcoin will replace money as main currency.

[harizen]

Believe me, banks know exactly what Bitcoin is and how it works. That's also the main reason for them to fear Bitcoin as it makes banks kinda useless. But yes, you are right, there are indeed some banks with a friendly Bitcoin approach, that's something I can applaud for.

Disagree. Are you working in banks as top executives to assume that banks are fear of bitcoin because of that claims of yours?

They are for business. How will they accept a thing if it's not demanded by their clients?

[DaddyMonsi]

My wild guess is its related to the investment of bank depositors shifting to Bitcoins. Banks can offer 0.1% interest per month and there are Banks who can offer up to 1%, anything higher than that is questionable because where are they (Banks) goin to put the money to earn such interest, while with Bitcoin its unpredictable and you can earn up to 10% a week.

[socks435]

Believe me, banks know exactly what Bitcoin is and how it works. That's also the main reason for them to fear Bitcoin as it makes banks kinda useless. But yes, you are right, there are indeed some banks with a friendly Bitcoin approach, that's something I can applaud for.

Disagree. Are you working in banks as top executives to assume that banks are fear of bitcoin because of that claims of yours?

They are for business. How will they accept a thing if it's not demanded by their clients?

Your right and they are afraid about internet money  because many service in online are scam they afraid to be scam.
But business is business they are just working in business so if this bitcoin is in demand in our country maybe banks will take  action to do business with bitcoins because they are looking more clients to invest in their banks or they are looking for clients to increase their revenue..
I think banks will be deposit or withdrawal(exchange value fiat to bitcoin bitcoin to fiat) for bitcoin if it will happen in the future. They are the best couple of business.

[Bitcoinbro]

My wild guess is its related to the investment of bank depositors shifting to Bitcoins. Banks can offer 0.1% interest per month and there are Banks who can offer up to 1%, anything higher than that is questionable because where are they (Banks) goin to put the money to earn such interest, while with Bitcoin its unpredictable and you can earn up to 10% a week.

I suppose you mean 10% in profit because of the price going higher right? Which is not true. Since there is no guarantee that this will last.
Interest is interest and it's guaranteed, not like a price rise. So no banks don't hate bitcoin for that.

Banks dislike bitcoin because of it's benefits, they can never match that in terms of fees and speed.

[diodio5]

I think not all banks are hates bitcoin. In my country, there is no bank that hate bitcoin. Because the bitcoin itself not popular here. But when bitcoin popular here, i think banks will hate it.

yeah it was good logic dude the bank does not know what is bitcoin? how could they hate bitcoin? if you have evidence that banks hate bitcoin show me. I've even noticed that the Italian central bank support bitcoin, you can see it in google

[twinkletoes007]

I think not all banks are hates bitcoin. In my country, there is no bank that hate bitcoin. Because the bitcoin itself not popular here. But when bitcoin popular here, i think banks will hate it.

yeah it was good logic dude the bank does not know what is bitcoin? how could they hate bitcoin? if you have evidence that banks hate bitcoin show me. I've even noticed that the Italian central bank support bitcoin, you can see it in google

Where have you been? Have you not heard of banks shutting down business accounts of bitcoin related businesses??

[iqlimasyadiqa]

My wild guess is its related to the investment of bank depositors shifting to Bitcoins. Banks can offer 0.1% interest per month and there are Banks who can offer up to 1%, anything higher than that is questionable because where are they (Banks) goin to put the money to earn such interest, while with Bitcoin its unpredictable and you can earn up to 10% a week.

yes bitcoin more unstable but can be profitable. but it could be any adverse bitcoin, with a decrease in unpredictable anyway. bank further ensure accuracy. while bitcoin give something unpredictable. can make a profit or loss in a very short time immediately.

[Yakamoto]

I think not all banks are hates bitcoin. In my country, there is no bank that hate bitcoin. Because the bitcoin itself not popular here. But when bitcoin popular here, i think banks will hate it.

yeah it was good logic dude the bank does not know what is bitcoin? how could they hate bitcoin? if you have evidence that banks hate bitcoin show me. I've even noticed that the Italian central bank support bitcoin, you can see it in google

Where have you been? Have you not heard of banks shutting down business accounts of bitcoin related businesses??

A lot of that was happening a while ago, I can't think of any recent examples of companies freezing or shutting down accounts just because some company was using Bitcoin.

Times change, though. Those who may have been hostile before aren't necessarily against it now.

[jak3]

maybe because bitcoin gives us transparency on the network we can clearly see where and who is sending the coin and not only that we can sell the whole chain we can see anyones balance and even can see all the other details like his transaction record etc we can do everything excet the ownership on anybodys coin which bank will not provide even after 10years

[Cyaren]

Why banks hate bitcoin... And why we no longer need them...

What banks can do better than bitcoin. If bitcoin also have almost all features of banks.  Only must have an internet and you can use bitcoin already.

And bitcoin has faster transactions than the bank and more secure I guess.

We don't need banks to process our transactions anymore because of the introduction of the bitcoin technology. There's no dodgy fractional reserve system going on within bitcoin either.

That's why bitcoin is feared by banks - they know that one day run out of profits because of bitcoin, which is going to replace banks.

[goinmerry]

maybe because bitcoin gives us transparency on the network we can clearly see where and who is sending the coin and not only that we can sell the whole chain we can see anyones balance and even can see all the other details like his transaction record etc we can do everything excet the ownership on anybodys coin which bank will not provide even after 10years

Good point. Transparency is good for we want to know who are the top owners and how they do that. If those are reach people then good if not then it is questionable. Other thing is investing here is money growing up in a faster way.

[Oceriw]

LOl it is not that banks hate bitcoins why would they hate them they dont even need to work with bitcoins the only reason thy men think they would hate bitcoins is that bticoin has a gold value and banks owns that gold.

[HilbillyFred]

I think not all banks are hates bitcoin. In my country, there is no bank that hate bitcoin. Because the bitcoin itself not popular here. But when bitcoin popular here, i think banks will hate it.

That's why the bank in your country doesn't hate because they don't know about it and your fellow countrymen has lack of knowledge about it.
So banks doesn't have a reason to hate bitcoins because when they see the good side of bitcoin that can benefit your coutrymen.
For sure, they will hate it and becomes a threat to their business.

Banks are hating the currency because it will be not used that much and that is bad because they cant earn more money with it so that is really bad.
And they see that people that is using more Bitcoin and that is nice for the currency itself, but it is still hard to predict what will happen later with Bitcoin.

[ElpadroBitcoin]

Why banks hate bitcoin... And why we no longer need them...

What banks can do better than bitcoin. If bitcoin also have almost all features of banks.  Only must have an internet and you can use bitcoin already.

And bitcoin has faster transactions than the bank and more secure I guess.

Banks hate Bitcoin because some people rather make use of Bitcoin then save there money at the bank. So Bitcoin is actually taking costumers from the bank and the bank of course does not like that.