When will banks start a war against bitcoin

[majeed]

I am waiting till the bank starts a awar against bitcoin but unfortunately, banks seem to support bitcoin in many country, especially developed ones. I love how banks adapt to new situation and change the way to be suitable to the new change. In the end, everything has to change to survive to the advancing world. BItcoin is one of the most creative inventions of our world

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[Peashooter]

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?

I still hope that banks will adapt crypto currency in their services and transactions. To think that even banks will hate bitcoins is sad because some governments already do not recommend the use of crypto currency. This might happen when the price of bitcoin will increase more causing some issue with the banks because suddenly people get rich.

[BoonTech]

I think already started.

[Sachinist]

It's already happening through various mass media channels. Not only banks but quasi-democracies don't like Bitcoin either and will do everything within their powers to stunt its growth.

[rahul10948]

Some banks in india are claiming that they are trying to "adapt" blockchain which is for them a new technology and they seem to be proud of it. thats uncertanily is my tenson.This is exactly what always worries me. Governments always want to control transactions and prosecute buyers and sellers. I think this is difficult for them when people use bitcoins for their transactions. but india is going to give there review on bitcoin in late december..lets see what happen

[Labumi]

Recently, some countries have faced the problem of hyperinflation. The currencies of individual states depreciate so much that citizens have to pay a huge amount of cash bills to make even a small purchase.

Hmm, it is bad if it impacts all countries are affected on the problem of hyperinflation is not looking for the right way out. for now I think the bitcoin can help to all citizens who are experiencing inflation, because the State would never have been able to take the funds we are good with the polite way nor forced. Because the bitcoin has good enough security and definitely will be used by everyone. But one thing we have to understand, bitcoin will not be able to get or replace banks as the financial center of the country.

[Daniel91]

In my opinion, banks already started a war against bitcoin, but not publicly.
For example, in my country, central bank shared internal memo, their own opinion that bitcoin is not currency or financial asset.
We can't even report income from bitcoin since tax office does not accept bitcoin as money.

[ihsanskanzaone]

I think the bank has started a war with bitcoin. we can see that many ban of bitcoin have been started in various countries and even banks in Indonesia have banned payment by bitcoin. because bitcoin will have an impact on the decline in currency values in a country if its citizens start using bitcoin as a means of transaction. So the bout of banks with bitcoin has started but has not reached its peak because the development of bitcoin only includes people who have knowledge of technology.

[sana gull]

I think the bank has started a war with bitcoin. we can see that many ban of bitcoin have been started in various countries and even banks in Indonesia have banned payment by bitcoin. because bitcoin will have an impact on the decline in currency values in a country if its citizens start using bitcoin as a means of transaction. So the bout of banks with bitcoin has started but has not reached its peak because the development of bitcoin only includes people who have knowledge of technology.

yes i also thing that bitcoin have already start war against bitcoin because people love using bitcoin and also like bitcoin because of many reasons ans these reasons are that people using bitcoin for transformation of money instead of banks and this decreases the value and importance of bitcoin and also people use bitcoin for business not using banks so due to these reasons banks don't like bitcoin and want to banned bitcoin.

[romecheo]

For some banks, Bitcoin consider as a threats, how ever there also other bank, that do transaction and enjoy the high profit with Bitcoin transaction.

If business or services are not able to adopt technology of Bitcoin, there future has a limit and soon will  be left behind.

[stompix]

In my opinion, banks already started a war against bitcoin, but not publicly.
For example, in my country, central bank shared internal memo, their own opinion that bitcoin is not currency or financial asset.
We can't even report income from bitcoin since tax office does not accept bitcoin as money.

And then, what did they decide it is?
You should be happy they treat bitcoin like baseball cards, you can safely avoid paying any tax income.
Btw , which country is that?

yes i also thing that bitcoin have already start war against bitcoin because people love using bitcoin and also like bitcoin because of many reasons ans these reasons are that people using bitcoin for transformation of money instead of banks and this decreases the value and importance of bitcoin and also people use bitcoin for business not using banks so due to these reasons banks don't like bitcoin and want to banned bitcoin.

Yeah, banks are losing a lot of clients due to bitcoin...NOT.
Actually they have won a lot of new clients cause everyone is using banks to deposit and withdraw fiat from exchanges.

And even if we would count all btc transaction in a day, there are barely 300k.
Total bank movements in 2015 were reported at 1.09 billions a day!!!
So bitcoin is doing right now 0.03% of the transactions between banks.

Besides, you're actually saying pretty stupid things.

people using bitcoin for transformation of money instead of banks and this decreases the value and importance of bitcoin

It's the other way around, are you using google translate to write here?

[AltCoinProject]

They will try to adapt blockchain technology. All wars are made for profit. If banks start a war against BitCoin, they stop millions of money transfer between exchange platforms and people monthly. They get commission from all money transfers except for sepa.

[Sadlife]

All they can do is complain about it with it's unfair paying system but truly it is not unfair cause that's what should be a currency. So some feel threatened about it and calls it a fraud daily especially CEO's of a big company, bankers, tellers cause people prefers to invest they're money more than their bank.

[Felix1]

Do you actually believe that the governments of the world are going to allow a digital currency that they have no control over to become “the future of money”?
 Bitcoin is already being portrayed as a currency that attracts criminals involved in such things as tax evasion, drug dealing, gambling, terrorism and money laundering.
  However, i am sure that no one will ever stop bitcoin. I'm sure banks and financial institutions are already quite afraid of bitcoin. Right now I think they will only try to discredit bitcoin with the "bubble" accusation, the money laundry problem etc, like we already seen.

[Jonsnowstark]

Banks are attacking bitcoins because of one thing. It steals away their opportunity to control money. Government are backing them up because it has the same goal. Control. There's no saying when it will start a war. They already started. A few big attackers are JP Morgan Chase and Bank of America. They say bitcoin is a fraud and is used for illegal activities and money laundering.

[qwertyup23]

Banks are attacking bitcoins because of one thing. It steals away their opportunity to control money. Government are backing them up because it has the same goal. Control. There's no saying when it will start a war. They already started. A few big attackers are JP Morgan Chase and Bank of America. They say bitcoin is a fraud and is used for illegal activities and money laundering.

Well that was expected for them to say due to its rising reputation throughout the years. You are right about banks attacking bitcoin. The main purpose of banks is solely for investment purposes and earning profits. In the event that they realize that there is a decrease on the number of their investors per year, they would exercise all the means in order to get them back. Bitcoin, being one of the most ideal form of investment, is continuously rising throughout the years and its price is also increasing, thus making banks a little-less irrelevant in terms on investments but lacks collateral.

[lekam0213]

I hope the banks will not focus on it because we are doing our stuff here peacefully and if that happens we are all affected on the coming war.

[truongdhnh]

That is an excellent point but i didn't think about that. If banks start a war against bitcoin, the mean they want to take over its resources. This is too difficult in the strong development trend of bitcoin.

[Jovl]

Banks have its own strategic planning and developing technologies to compete with its competitors.They're using money for relending through loans,capitalizing businesses.They have many ways on how to use their funds and to earn profit.Though Bitcoin is remarkably gaining so fast in the market and guaranteed that banks will be benefited also through some people who will deposits a portion of they earnings from bitcoin,i dont think banks will start wars against it.

[dsaijz03]

I hope not, because will affects us all. There might be some using Bitcoin for crimes but not all here are criminals. Many here are just doing to earn and save money for their future. Working hard in different campaigns to earn and pay depths or just to have some extra income.