Why Big Banks are so Nervous About Bitcoin ? Why ?

[centation]

Regulators are trying to play catch up with Bitcoin and other cryptocurrencies, realising now that it’s not going away. In fact, it is challenging their monetary system which is intrinsically linked to banks, and especially central, government-backed, banks.

[ignitary]

Just like the fax machine, the library, even metered taxis, new technologies have come along and made others obsolete. Banks are now in the sights of Bitcoin and are in their death throws, as they lash out with the power of states behind them.

[ov3rflow9x]

I think that's not possible for real life. You should stop think that the world currency will end up by start of cryptocurrencies, that's not how ot suppose to be.

[jakoylantern]

For me, big banks are not so nervous about bitcoin because they are the most trusted and most famous of all. Yes, bitcoin is now getting very expensive, and the community of it is growing, but even I have a bitcoin I still have a bank account because in our country there are only a few establishments that are accepting bitcoin as a payment or as real money. Also, banks are much legal and much trusted by many people. If bitcoin become legitimate and acceptable by many states, I think that is the time that you can say that banks are so nervous about bitcoin because we all know that bitcoin’s capability is superb compared to some banks.  

[campica]

Banks are nervous about bitcoin because they don't have benefits from bitcoin right now and as you can see we talking on bitcoin market worth $145,161,002,229. Everyday we are step closer to use bitcoin for daily payment and if that happen in future, we will not need a banks for transaction.

[venlo]

Bitcoin can ultimately make the world banking system unnecessary. Banks system become more and more outdated with the years. I think this is their main concern.

[Chrisjay29]

Maybe they scared that there bank will be closed. If bitcoin will be known in the world. Because if think about it ita better to put your saving in bitcoin than a big bank. Because the interest of bitcoin if it will it can triple your profit in just 1 month or year. Thats how bitcoin powerful than bank.

[Vaskiy]

Even now the large volume transactions were happening through bitcoin. In this way it will easily attract the user community who has been using banking services. Another thing with the existence of bitcoin banks have faced a large profit loss and the technology too is highly appreciated which seems to be the cause for the fear of big banks.

[Arata]

Because the presence of bitcoin felt to get rid of the existence of the bank .. Why? It's all because transactions through bitcoin no longer require a third party, like a bank. That is why today many central banks are firmly denying the existence of bitcoin.

[Rustamm]

Bankers, of course, will be nervous. Crypto currency provides an almost completely independent alternative system, competing with banks. Crypto-currency takes away a part of their clients from banks and bankers suffer losses, or, rather, their profit decreases. This explains the comparatively sharp negative attitude of them to the crypto currency. In addition, banks have made a different and more conservative approach to money. The Crypto currency completely changes the attitude to the essence of money and their ability to use between people for transmission over long distances without the intervention of a third party. Bankers are aware that this gives people more financial freedom, so they are against the crypto currency.

[srmecdes]

because of after decentralization we do not need bank and they will loss your market.. we do not need banks for money transfer.. it is perfect for us

[Nylesor]

Big banks are nervous about bitcoin because many are patronizing bitcoin and making their online transactions through bitcoin instead of using the banks online facility, which was still limited because of the regulations and securities imposes by the bank. While in bitcoin people can easily make transaction without being limited by the regulations and policies.

[trand]

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.

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[Brookie]

One of the reasons that is frightening is that banks are afraid of the bitcoin competition and in the end they ask the government to ban bitcoin in the country. So that the bank can still be used in that country.

[Dark Sky]

One of the reasons that is frightening is that banks are afraid of the bitcoin competition and in the end they ask the government to ban bitcoin in the country. So that the bank can still be used in that country.

Yes banks are very afraid from bitcoin because they think that everyone used bitcoin and everyone invest in bitcoin very easily so that's why one day bank's account will empty and bitcoin account will full but banks are wrong because everyone want to invest in bitcoin but basically they save in bank and their business dealing and bill paying are support through banks and that's why bitcoin is also a business where we are earn and invest  and then gets our profit with bank.

[Untitled01]

Of course banks are worried, they are practically making money from the air. If they are replaced by a decentralized crypto currency, this will be the collapse of the whole industry.

[Watchy312]

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.

[bizarro]

I think this is obvioua, why they are nervous? Because, if the Bitcoin system will be established, they would be forced to change or go

[btctestcolets]

I don't believe that big banks are afraid of bitcoin as a big threats to banking system because they have there own marketing strategy of managing money to customers and investors, and perhaps, if bitcoin will dominate the new system i think many years have to funder that system together with government regulation.

[Oto3]

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.