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Author Topic: When will banks start a war against bitcoin  (Read 16178 times)
Cinemo
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November 27, 2017, 01:40:11 AM
 #641

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?
No doubt that maybe the banks will going to war with bicoin if the bicoin become mor popular to all people because as far as now the i can say that only 30% people already know this but 70% of people did not know all about bitcoin.
bribed
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November 27, 2017, 01:55:50 AM
 #642

Didnt the big banks like goldman & sachs start already to fight against bitcoin, there was this one guy that called Bitcoin a scam some months back, didnt do him so good. But I guess in general banks are not really aware of what is coming, the crypto markets are still too small. Only the big banksters know about it and they certainly do prepare themselves for a shift of power and what they could do to prevent that from happening.
A Feeder
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November 27, 2017, 02:00:32 AM
 #643

I think they cannot just simply accuse bitcoin. Normal money like dollars can also be used for money laundering, drugs, and crimes. So whats the difference?
Bad10
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November 27, 2017, 02:13:03 AM
 #644

In my opinion banks are interested in this new technology called bitcoin, but they are sure to find ways to make a profit out of it.
Fr0styFIedgIing
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November 27, 2017, 02:16:35 AM
 #645

Banks and corruption is brotherhood. Bitcoin and problem int an way. Help out of banks has had an exyessive amount of cash that make a govt misplaced the cash because of bankers corruption. That's the worst thing from banking industry. World war 2 has started because bitcoin is launched but untill now they cannot shut down bitcoin. They can only attack by ruling and coverage with 'overnment.sgc
Blackwhite69
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November 27, 2017, 04:23:08 AM
 #646

I think Bitcoin is still relatively small in the grand scheme of things, and banks will not get involved until the next volley (that is after the upcoming crash) and then they will realize that cryptocurrency is the real deal.

There is still plenty of time to pass if there will be battle of Bank and Bitcoin. Wink
Aaroenz0r
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December 01, 2017, 03:34:29 AM
 #647

In my view, Banks dont start a war against Bitcoin. Because Bank and Bitcoin are different. There are many banks in the world accepted Bitcoin such as Shinhan Bank, JPMorgan Chase, Goldman Sachs,...

BCwinning
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December 01, 2017, 03:35:48 AM
 #648

they already have by pushing gov't to regulate/ban it.

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saeron-ssi
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December 01, 2017, 03:52:34 AM
 #649

I think banks won't start a war against bitcoin. I think they will make use of it and collaborate with it.

crisnel26
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December 01, 2017, 03:58:51 AM
 #650

Probably a war will start when banks lost most of its investors due to many has engaged in bitcoin rather than into banking.

Rosilito
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December 01, 2017, 04:32:30 AM
 #651

As far as I know bank company provides money. I see that crytocurrency is an advantage for bank companies because people who work for bitcoin might save for them isn't that advantage? And cryptocurrency is also a form of money, and money helps someone to grow. So the bottom line is it might be the bank companies would go against bitcoin if there is an issue occur.
bandar
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December 02, 2017, 02:51:02 AM
 #652

I think Bitcoin is still relatively small in the grand scheme of things, and banks will not get involved until the next volley (that is after the upcoming crash) and then they will realize that cryptocurrency is the real deal.

Almost correct, better would be:

banks will not get involved until the next volley (that is after the crash which they will induce themselves (by bad news, terrorims funding, drugs, ponzi, government ban scaremongering) and then they already know that cryptocurrency is the real deal, that's why they seek a nicer entry point

There, corrected it for you.  Wink
seriin
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December 02, 2017, 03:05:21 AM
 #653

For now, I don't think that banks will do it. But as times goes by, when the bitcoin cryptocurrency becomes more popular and more nation makes it legal to them, many investors might pull out to banks and turn to investing in bitcoin. In that way banks will start its war.

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BitNotByte
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December 06, 2017, 04:42:25 PM
 #654

war? why? i saw some banks offering to sell/buy bitcoin using their system, what I am saying is they might adopt or some may already adopted the bitcoin on their system because it's the new online money.

bluegreen9
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December 08, 2017, 07:49:13 AM
 #655

There is no legal limit of bit coin yet so illegal use is possible. But not only bitcoin, but everything can be exploited for crime. I think it is necessary to make a judgment after regulation occurs.
strawberrygirl
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December 08, 2017, 08:50:01 AM
 #656

Governments and banks may apply sanctions. But worry is that it is illegal to trade bit coins through pharmaceuticals.
Slipknot79
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December 08, 2017, 08:53:51 AM
 #657

How to you start a war with something that is decentralised. Who do you attach. This is the reason why Bitcoin cannot fail.

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December 08, 2017, 09:17:02 AM
 #658

Well the war against bitcoin has ever been there from the bank and government, but where can the bank hold bitcoin when they don't have control of it not even the government have control over bitcoin. Bitcoin is the highest threat the bank has now and at that their will try to wear it out but I think that is impossible because you can only control what you have power over,
Bitcoin will continue to defeat the bank as long as bitcoin can sustain it values and market demands.
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December 08, 2017, 09:28:18 AM
 #659

There is already an Hedgefond based on Bitcoins so the banks are already aktive.
I only dont see if they are against or with the Bitcoin.
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December 08, 2017, 09:29:06 AM
 #660

banks are threatened to sack majority of their employees when humans prefer public services and online transactions, but bitcoin is not worth blaming because banks also have digital systems, I think banks will find it difficult to add bitcoin because it will create two different database systems where fiat users are more transparent in identity, the bank will be very inconvenient if the user uses both and does not want to take risks if they abuses the transaction.

If the situation is very complicated and the government tells them to add bitcoin after the crypto regulation, then that's where the bank will determine the attitude of objections and start protesting.

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