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Question: Banks will be obsolete in how many years from now?  (Voting closed: November 12, 2017, 11:21:50 AM)
5 years from now - 1 (7.1%)
10 years from now - 4 (28.6%)
15 years from now - 3 (21.4%)
20 years from now - 6 (42.9%)
Total Voters: 14

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Author Topic: Why banksters are now in war with bitcoin?  (Read 932 times)
mondobitcoin
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September 21, 2017, 06:10:34 AM
 #41

I think that the bank cant will be obsolete.
Because bank is bank, offices, paper money etc.. Cheesy
Maybe they are in war with bitcoin, because bitcoin is a digital currency that have privacy settings, unlike credit card etc.
And the banksters are envious
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RYANWU
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September 21, 2017, 08:50:30 AM
 #42

The capital is limited. You invest $1 million in bitcion which means the bankers lose the opportunity to charge the commission fee  of $1 million.
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September 30, 2017, 10:04:46 AM
 #43

who says that it is a battle ?,,,, I think not, if the bank feels it is fighting with bitcoin it is normal ,, the same when a trader is rivaled by another merchant ,, and it seems like the statement appears when the higher the bitcoin value, and the bank is worried if the world is controlled by bitcoin,
Make sense, yeah it is like same rivalry that even happens within two banks. That is natural thing to happen. Banks are afraid of the fact that bitcoin is getting fame and the control of bitcoin over international market is getting more and more day by day. So being afraid is natural way.


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September 30, 2017, 10:16:52 AM
 #44

After a recent comment from JP Morgan it seems like Banks are now in  war with the Bitcoin but the facts are different in a recent post it was discovered that JP Morgan CEO Jamie Dimon  is investing in Bitcoin. So the fact is Banks wanted to create a sense of fear among people so that people get afraid and start selling their Bitcoins so that the price could fall and they can buy for low price which they did, and then later on hold the market by having majority of bitcoins, So the fact is all  such statements made by the banks are pre planned move.

Yes, JP Morgan has been unmasked now and the Dimon attacks looks like it is being coordinated somewhat. It is effective because they have pull back the prices and they were able to buy it at a low price. However, we already learned from it and we won't be selling anytime soon even if he issues another statement attacking bitcoin.

Bank already in war secretly with Bitcoin since 2010 from bad press about bitcoin, encourage government/federal bank to ban/regulate bitcoin, makes buy/sell bitcoin process complicated any many more.
They also use blockchain technology, offer various promotion/discount and promise lower fees to prevent people adopt bitcoin.

But i think what he said is just another bad press about bitcoin since various people/media already said bitcoin is scam, ponzi, fraud, failure idea or will die thousand times (https://99bitcoins.com/obituary-stats/)

They may have been warring bitcoin eversince. But its more prominent now because bitcoin price is going up which means that more people are investing on it. As a result the money that should be in the banks are all in the ecosystem. That's why they can't really ignore the fact that bitcoin today is gaining advantage from the banks.

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