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Author Topic: Why Big Banks are so Nervous About Bitcoin ? Why ?  (Read 4214 times)
spongegar
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September 11, 2018, 08:53:02 AM
 #541

Basically, crypto currency could inevitably overthrow and replace fiat currency and that is why banks are so threatened. They didn't expect their clients to pull out their savings from their vaults only to invest it on crypto currency. I mean they didn't even see it coming that they would see BTC rise to a thousand, what more tens of thousands.

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September 11, 2018, 09:01:48 AM
 #542

I think it also affect the fact that we was encouraged to used and be inbolve in Bitcoin than in those banks that offers indeed a huge amount of investment but truly low price of interest. They didn't see it coming, that a simple currency before was the main way that numerous people nowadays earn better.
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September 11, 2018, 09:35:39 AM
 #543

Bitcoin it taking away the banks business obviously! As more popular Bitcoin becomes, the less popular payment via bank transfer become. Banks business is dropping very fast. If i was a bank, i would worry too

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September 11, 2018, 09:53:11 AM
 #544

The bitcoin is so popular and its advantage as an electronic currency such as security and fast money circulation, many people like middle investor are investing in bitcoin instead on the bank and in the coming few decades as the popularity of bitcoin arises then they will afraid that many high investors will investing to bitcoin. The big banks should create a new crypto too.
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September 11, 2018, 05:05:25 PM
 #545

It is obvious in my opinion, becouse government and big old banks are affraid to loose their global influence at people Grin Grin
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September 17, 2018, 03:10:46 PM
 #546

The bank doesn't expressly say why it is banning the use of Bitcoin but rather highlights regular forms of payment: cheques, credit cards, etc as acceptable. “Bitcoin virtual currency and other similar is not lawful means of payment in Vietnam; The issuance, supply, use of bitcoin and other similar virtual currency as a means of payment is prohibited in Vietnam,” explains the government-run bank.
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September 17, 2018, 03:22:06 PM
 #547

I'm not pretty sure but as we know bitcoin investments is more profitable than saving money in banks and I think banks are afraid in crypto cause there are a possibility that bitcoin could replace banks in the future and this is the reason why banks scared in bitcoin popularity today.

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September 21, 2018, 06:49:17 AM
 #548

I'm not pretty sure but as we know bitcoin investments is more profitable than saving money in banks and I think banks are afraid in crypto cause there are a possibility that bitcoin could replace banks in the future and this is the reason why banks scared in bitcoin popularity today.
Banks are nervous about Bitcoin because they are afraid that it will spread fully in the world and the business of banks will get affected with it. Banks are under government and they also do not want to let the Bitcoin affect the banks because government has a great interest from banks.

However crypto and banks as fiat currency can go together if countries learn and adopt a system which is is using in countries where the Bitcoin is going smoothly.

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September 21, 2018, 07:16:02 AM
 #549

There are reasons for banks turning their back on the crypto market, especially Bitcoin. These banks want to destroy Bitcoin before it destroys them. The potential of bitcoin is enormous and the government or bank wants to take over as much as they want. Put simply, the rise of bitcoin can be a factor in creating stability rather than destabilizing the current financial system. But obviously, at the present time, big banks do not see things that way.
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September 21, 2018, 07:39:32 AM
 #550

Bitcoin has created a myth. But this is only the beginning if Bitcoin can spread smoothly around the world. After the price of bitcoin reaches several hundred thousand dollars, the cryptocurrency will make the traditional currency disappear.
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September 22, 2018, 09:09:16 PM
 #551

In September, Chinese regulators passed a "comprehensive ban" on platforms allowing people to buy or sell virtual currency like Bitcoin or Etherium. According to the Wall Street Journal , the country is actively shutting down online Bitcoin exchanges (digital marketplaces) and stopping peer-to-peer transactions to try and limit the spread of the cryptocurrency.
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September 23, 2018, 02:22:41 AM
 #552

Basically, crypto currency could inevitably overthrow and replace fiat currency and that is why banks are so threatened. They didn't expect their clients to pull out their savings from their vaults only to invest it on crypto currency. I mean they didn't even see it coming that they would see BTC rise to a thousand, what more tens of thousands.

If more peoples using cryptocurrency for their transaction, banks will losing faith as third party. Cryptocurrency can disturbing banks bussiness because crypto transaction fee very cheap and very fast.

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