Why Big Banks are so Nervous About Bitcoin ? Why ?

[Viakor]

Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.

yes i agree  on that because as what we all have seened bitcoin is really better than banking.we really gain a huge return in bitcoin while on banking we only make the owner of the bank rich because they make our money as there capital and they give  as  a verry small return.i believe bitcoin really is good than banking.i believe  in the capacity of the bitcoin to continue grow on the next generation because it really helps.

Yes, they are also scared that the users of the bank will go to bitcoin instead going to the bank so they will also lose customers who are using bitcoins now instead the bank.

I think that bitcoin will go really high and it will make some banks scared.

[Alvaro.anso]

because lose control is lose power and, at the end, money.

they want to use blockchains, but they have to figure out how they can do the same things paying less (that is, how they can keep people paying for services that they pay less than before...)

[iv4n]

Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.

yes i agree  on that because as what we all have seened bitcoin is really better than banking.we really gain a huge return in bitcoin while on banking we only make the owner of the bank rich because they make our money as there capital and they give  as  a verry small return.i believe bitcoin really is good than banking.i believe  in the capacity of the bitcoin to continue grow on the next generation because it really helps.

Yes, they are also scared that the users of the bank will go to bitcoin instead going to the bank so they will also lose customers who are using bitcoins now instead the bank.

I think that bitcoin will go really high and it will make some banks scared.

Banks control the supply of the money, they are in that chain. They are not create money, they are taking interest for putting money in circulation. They are scared because they don't control bitcoin distribution, they don't control price movement with other banks like they do now and in past. They need to be nervous, and I hope that we are near  their crash. Banks had power to change the world, instead to change it in a good way banks today are responsible for poverty, wars, and many other bad things in this world. Before we didn't have alternative, we had only banks and their system, what ever they do we follow. Now when bitcoins are around they are very nervous because they know that people will turn to crypto and forget banks, how much evil they did to this world they deserve to be forgotten.

[Rindtom]

Because if everyone goes to bitcoin the banks can not earn anymore of people and will die that is why they do not want bitcoin to be here they will lose people and they will not make money form anyone anymore a lot of jobs will be gone then too.

[cryptokitty]

I think they are getting nervous because they already see the good side of btc and what it brings to the users and investors. I guess they treat btc as a threat in their business.

[kemonojim]

Because the paper money is being conerting into virtual currency. People prefer to buy and hold bitcoins and also for shopping purposes,no one wants that someone should know about his wealth,if its in bitcoin so its only you who knows howmuch momey you got. People want bitcoins because its price is damn volatile,chances of profit in bitcoin is more then in just keeping money in banks.

Yes true bro.If you keep your investment in bank for a year means,you will get only 4-5 % of Money you inverse.That also in private banks.But in BTC,you will get n th % of the invested money.By seeing this ,many start to inverse in bitcoin rather of saving in Bank.So the bank get fear of what will happen to them in future,by seeing the growth of BTC.

I'm also agree that there is a big possibility in the future that the bank become useless in some people because they are become attracted in bitcoin on which they can earn a good profit in a year than investing it into the banks.

I hope they become useless or at least try to give better services in the interest of normal people and not getting rich with huge interests on the back of the small.
For example I have a mortgage for the house and they get more than 15k in profits and for what? For giving me a virtual number they generate in a PC? Mah

They gonna jump into Bitcoin sooner or later, and when those financial institutions start to join the market, BTC gonna skyrocket once more.

I think to make bitcoin has a very high price increase not because of financial institutions. Because financial institutions will move if many people use or consider it and can be said that they only provide solutions when there is need. So the thing that will make the bitcoin price skyrocketed is not the financial institution but the users or enthusiasts, As we now see with the higher bitcoin price as more and more people want to use it.

[reliable]

Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.

I think bank need not to worry because majority of the country does not seem to be comfortable around with btc and due to which they are still not decided to legalize it. Only if all countries decide to legalize the btc then the bank may have problem else they are as safe as they were till now in future too.

[MCVXYZ]

I think that bitcoin has the power to undermine the banking system and reshape the financial landscape,but not today,because There are only ~ 15-20 Million people using blockchain system and there are billions In banking sector. of course they are scared ,because their profit is  transaction fee and loan,but as we know, in these sphere bitcoin has no competitor.

[felipe04]

If the price of bitcoin is like this so high and the value become stable i think this is the best if that's will happen.They scared of that because here in bitcoin we can save now our money with no risk from volatile price.I think also if many country will know the value of bitcoin it will become so really high and because of that the money here will be the famous of them all

[mrcash02]

Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.

yes i agree  on that because as what we all have seened bitcoin is really better than banking.we really gain a huge return in bitcoin while on banking we only make the owner of the bank rich because they make our money as there capital and they give  as  a verry small return.i believe bitcoin really is good than banking.i believe  in the capacity of the bitcoin to continue grow on the next generation because it really helps.

Yes, they are also scared that the users of the bank will go to bitcoin instead going to the bank so they will also lose customers who are using bitcoins now instead the bank.

I think that bitcoin will go really high and it will make some banks scared.

Banks control the supply of the money, they are in that chain. They are not create money, they are taking interest for putting money in circulation. They are scared because they don't control bitcoin distribution, they don't control price movement with other banks like they do now and in past. They need to be nervous, and I hope that we are near  their crash. Banks had power to change the world, instead to change it in a good way banks today are responsible for poverty, wars, and many other bad things in this world. Before we didn't have alternative, we had only banks and their system, what ever they do we follow. Now when bitcoins are around they are very nervous because they know that people will turn to crypto and forget banks, how much evil they did to this world they deserve to be forgotten.

And they don't hold our money. Banks make much profit by taking our money, making good investments and paying us only few percentes of total investment profit. Until some time ago they were being very successful doing that as people didn't have another options to invest their money, but now with Bitcoins we don't need the "middleman" anymore to make investments for us. We can deal directly with borrowers and we have access to profitable investments that we couldn't have access when using fiat. Also, we have access to other activities, like trading with Crypto-Currencies that are very profitable.

[ItsEzMkay]

Dont need to read that article to know big banks are nervous and that is because their livelihood hangs in the balance. The current monetary system has been there for 500 years+ and when something new tries to challenge

the status quo you can believe that the status quo will be nervous and upset. Their first response was to attack bitcoin and belittle it and that didnt work. Countries have tried bans and restricting bitcoin well that didnt work.

Now they can see since their words, and restrictions cannot stop bitcoin they are ultimately screwed. And since they are ultimately screwed nervous is the natural response they feel at this point and time. I love it btw

[barbara44]

Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.

There is no reason to deny this fact that this concept of crypto currency is really gaining lot of attention and there are number of people who are investing a huge amount of money into this. This is really an alarming thing for the safe survival of the banks in the coming days.

It is because of the reason that there will be left no need of banks in the future because will start going to keep their money in form of digital currency.

[Fulmand]

Because there is no need in banks if bitcoin will work all around the world. That's too scary for banks and governments. They cannot control it.

There is no reason to deny this fact that this concept of crypto currency is really gaining lot of attention and there are number of people who are investing a huge amount of money into this. This is really an alarming thing for the safe survival of the banks in the coming days.

It is because of the reason that there will be left no need of banks in the future because will start going to keep their money in form of digital currency.

I think they are not afraid,of what they did the banking system in the whole world because banks are protected by the government in every country, unless the government found the digital currency as a big impact to the economy. But the decentralized currency makes it a very hard to accept by the government because they are designed to by pass the government system and the banking system.

[shinchan123]

I think they are thinking about the banks' future around the world. The thing is banks only receive physical money, and bitcoin is the total opposite. It would be not logical for them to store money that has no physical form. So, they will not get any profit from that.

[Twinscoin2017]

I think they are thinking about the banks' future around the world. The thing is banks only receive physical money, and bitcoin is the total opposite. It would be not logical for them to store money that has no physical form. So, they will not get any profit from that.

well big banks really affraid on bitcoin because they really didnt want to loose costumers because of bitcoin because bitcoin is really almost like banking and it is really amazing because we can gain on it with an hour or maybe a month or in a day.because bitcoin really is unpredictable and it has a great capabilty to rise in the near future that is why everyone really wanted to have bitcoin today in preparation of tommorows price.

[misterj]

I do not know if ever big banks are nervous about bitcoin but if they do I believe that it is because they cannot put their hands on it. maybe because, in my opinion, they cannot put profit to it like how they do it in fiat or in our money. Their interest do not apply in bitcoin, which could mean that they cannot steal money from the individual earning bitcoins or altcoins. If the number of bitcoin and altcoin worker grows, it would decrease their profit because their will be a decrease in person in need to make a contract to them for money. Individuals would not anymore depend on their loans, mortgage, and etc,. This means their profit would be lesser than ever.

[mifanmuzny]

They are scared shitless of bitcoin because its the biggest threat for their banking system 

[Darklinkz]

It is said a hundred of times that bitcoin and cryptocurrency is going to remove the middleman in the financial system which is majority played by bank everywhere in the world.

[carlisle1]

Big Banks are so nervous about Bitcoin because BTC came about to disintermediate third parties. Banks are definitely unnecessary when making transactions person to person, especially across borders.

right and because thier service wont be needed anymore,the corruptions will be stopped when bitcoin take over the transaction.bank always tell us that our money is safe but the real fact is they are the hold upper..the sindicate that making money out of our money.hope in 10 years time banking system will not be needed anymore and the crypto will take over

[SuperD007]

Personally, I think as crypto in general starts getting more user adoption. The banks are going to be faced with two options, either they close their doors OR they adapt to the changes in the economic system and start integrating cryptocurrency into their business model, off course they are going to have to REALLY get creative on value-added services to try convince people to use their service. They will no longer enjoy the power they currently have....the power will be in the hands of the people and they will be begging us to do business with them   (Yeah yeah, I know....some what utopian of me but hey, anything is possible )