Why Big Banks are so Nervous About Bitcoin ? Why ?

[Anne8]

Just simple thing i can say in this case, bitcoin price is getting higher, it make bitcoin popularity rank increase.
That both are making the bank nervous. Why? Maybe more bank customer just take out money feom bank and start buying bitcoin.

[meanwords]

Because basically they won't be able to control it. Bitcoin is decentralized, so meaning it won't need any third parties like banks to transfer money around the world and you can make a transaction anonymously and if Bitcoin did solve it's problem of high fees and slow transaction then it would be a big threat for banks as people will use Bitcoin more for transactions.

[imking]

In my opinions why big banks are so nervous about bitcoin because if we invest to some banks, you can have only a little amount of percentages, but if we spend to bitcoin, we can get a massive amount of the portions of the investment, that why some banks

[RavenHood]

I think why big banks are so nervous to bitcoin because banks cannot control. The increase in the amount of the bitcoins and many people choose to investment to bitcoin more than the banks. I read some news or article that some banks told to some people that don’t invest the bitcoin for me that only a markets strategy of the banks.

[Sled]

In my opinions why big banks are so nervous about bitcoin because if we invest to some banks, you can have only a little amount of percentages, but if we spend to bitcoin, we can get a massive amount of the portions of the investment, that why some banks

Because of the huge potential income in bitcoin, a lot of people are getting attracted to it and that is why the banks are being threaten for losing a lot of users and money and i think that the banks will not let that happen and they will make a lot of programs that will attract people to invest more in their side because of safer type of investment.

[voztata]

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

Lol who told you guys that banks are afraid of Bitcoin? I don’t know why some guys keep on coming up with topics like this. Banks are never afraid of bitcoin, and know this– if banks sees Bitcoin as something bad, then it will be down by now, because Bank is Government, and Government is Bank.

The reason Bitcoin is still seeing the broad daylight is because the government is yet to recognize it as something bad (I know some did) but when they do, huh, it will turn out pretty bad.

[perfect999]

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.

I think the big issue is lack of control over the transactions of bitcoins as all the banks are working under the instructions of the concern government and there are different types of taxes implemented on the money of people while in case of bitcoin there is no such system has being introduced for getting control as well as implementing taxes over the wealth of the people that’s why banks are nervous about bitcoin

[carodupuis]

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

Yes the interest rates of banks are fix in nature while there is no limit for the income being generated from bitcoins. Now a days bitcoin is mostly like by the people due to the reason that the government has no control over it and they are paying no such taxes so they are getting more profit from it while implementation of different types of taxes is a major duty of a bank so that’s why banks are nervous about bitcoin.     

[karnwillbit]

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 am considering it as up to the imagination it is looking impossible that the banks will die although I am very positive that all the banks will use bitcoin as a digital currency for transactions as well as online payments. Banks plays a crucial role for running and execution of a government and they have been built fro serving the common people of the country.

[Altas]

It's been clear that lot of banks around the globe has been facing a major loss. Now the same along with more other altcoins continue to overcome the usage of banking services. Some banking companies have come with plans of adopting the technology and some has been planning to use bitcoin along with their services. This makes banks nervous about the growth of bitcoin.

[Imman Mariano]

There was a time where Bitcoin was not even on the radar, it was a novel idea that was primarily used by thieves and drug dealers on the dark web. Nothing to be afraid of in terms of holding a monopoly on money.
However, that same little upstart is now disrupting the system of things; from Bitcoin and other cryptocurrencies, ICOs and the ever impressive Blockchain technology. This is now a legitimate threat on traditional banks.
https://cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoin check this website guys theres a lot of info

[Tumanggor]

this is actually just a matter of Business,
big Banks realize if Bitcoin or Blockchain is growing and in interest then their business will be destroyed and less compete with Bitcoin,
so from that, they make a statement of bad statement about Bitcoin, this is my opinion ...

[adiksau0414]

People still believe in banks.  Eventhough bitcoins existence tend to lower the bank transactions.  I believe that they are not nervous or afraid of the existence of bitcoin.  This is a great opportunity for them to gain more market because some of the encashment of bitcoin is available in banks. In buYing bitcoins,  some banks can also provide that to the people (maybe with much higher cost). Its just a huge and take situation for the both party. The thing that banks doesnt like is that some of the transactions involving bitcoins is that the third party or middleman (which is the banks)  is being "out of place". There are so many application there that can be use for direct payment  in some merchant.

[richmcrich]

It's been clear that lot of banks around the globe has been facing a major loss. Now the same along with more other altcoins continue to overcome the usage of banking services. Some banking companies have come with plans of adopting the technology and some has been planning to use bitcoin along with their services. This makes banks nervous about the growth of bitcoin.

The most basic reason behind all this is that all the crypto currencies which are there in this world are gaining lot of reputation with each passing day and this is promoting the usage of digital currency. This is having a sever effect on the usage of paper money as more people are now using crypto currencies for their daily use. This is really an alarming thing for the banks as their market is going down.

[Urbanbypas]

Banks do not want to lose their profits, because they see in the crypto-currencies of competitors. People prefer to invest not in gold or bank deposits, but in bitcoin, so the profits of banks fall. This is the cause of their anxiety.

[Leane Lee Natividad Cuenc]

Maybe BITCOIN DEFEATED the BIG BANKS and maybe BITCOINS became most popular in the world and more good currency.

[Protected101]

Banks are afraid of cryptocurrency,because in spite of decentralized and its value much higher than their interest ,depositors in a bank will be less and change to digital currency.For now bitcoin become more popular and investors want to invest in bitcoin rather than banks now.It is a better currency for us because in charges the added a small fee in a bank they always charges a higher fees so thats why many depositors want to go on bitcoin ,banks will die sooner or later.

[FoxTheHuman]

There are many reasons for big banks to worry about bitcoins as well as crypto markets. As the evolving economy grows, fewer people put money in banks instead of investing in crypto or real estate.

[brontosaurus]

Bitcoin simply challenges the traditional system of fiat transacations directly. Banks since their inception have been working with more of centralized approach by creating new money with every transactions. Bitcoin on the other hand would not allow them to do so as its shows utter transparency.

For example: If you have certain fiat in your account the bank says that you have it in your account. But is their any physical memory location where you can go and check such some of money? They are just numbers. Whereas bitcoin has this idea of a specific block holding your coins. So you can even check this virtual memory location for your block.

This is the main reason which makes banks nervous about bitcoins.

Maybe BITCOIN DEFEATED the BIG BANKS and maybe BITCOINS became most popular in the world and more good currency.

I think bitcoin and banks don't have much competition among them they are two absolutely unrelated things. Competition is between fiat and bitcoin. Banks merely act as agents of fiats.

[streazight]

Banks do not want to lose their profits, because they see in the crypto-currencies of competitors. People prefer to invest not in gold or bank deposits, but in bitcoin, so the profits of banks fall. This is the cause of their anxiety.

Even gold investors are trying to pull out a little bit now.
Bitcoin and cryptocurrency is getting extremely interesting daily and we can all see that. As long as they keep seeing the fact that bitcoin is gaining more ground, they will keep being threatened by it.

One thing for sure though is that fiats won't be discarded any moment from now, but we really cannot say what is going to end up happening later on in the future.