poplolnman
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May 21, 2018, 09:54:36 PM |
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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.
I'm not sure if I can get your point , but the thing that become bank attention are about how the decentralized system could make their loyal customers leaving time after time. Yeah they are fear losing the money stored there , other than that banks confident enough to see crypto growth going much slower than ever , especially in this early year. People become so frustrating , impatient and then back to believe that crypto has no future , simply crypto aren't a big threat for banks, at least for now. |
I'm in 400,000 euros debt , dont help me , i rather die
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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queenlaurel
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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May 22, 2018, 08:35:32 PM |
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They have to be nervous because it is not within their reach to control. They don't have a say in it, that is why you can't see them accepting it. Bitcoin will take away the percentage they earn from fiat by taking it from other people's fiat. Bitcoin will make them close up if everyone gets involved.
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN www.wppenergy.io
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normanderecho
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May 22, 2018, 09:55:38 PM |
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They have to be nervous because it is not within their reach to control. They don't have a say in it, that is why you can't see them accepting it. Bitcoin will take away the percentage they earn from fiat by taking it from other people's fiat. Bitcoin will make them close up if everyone gets involved.
I think big banks scared on bitcoin because of many persons invest it and bitcoin will become so popular around of the world and we know bitcoin will only themeself to improve the price without government and i think there a chance will replace the bitcoin the bank on the future because of people using it. |
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jaocoincrypto18
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May 22, 2018, 10:09:49 PM |
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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.
Indeed. In addition, their clients are reducing because instead of clients will invest to banks supported projects and investments they are investing now in Bitcoin in which banks cannot get profit from it but maybe things will soon will change because JP Morgan is now on fully support of Bitcoin investments in which he is the known banker business tycoon and a former Bitcoin critics. |
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rimueng agam
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May 22, 2018, 10:13:08 PM |
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Maybe banks are nervous about the existence of bitcoin due to the presence of Bitcoin potential loss of customers owned by banks because the bitcoin can also be used as a place to store that although dibitcoin this security is not guaranteed one hundred percent but there are already choosing to save in this bitcoin.
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hodlftw
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Santa Coin
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May 22, 2018, 10:14:33 PM |
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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.
Indeed. In addition, their clients are reducing because instead of clients will invest to banks supported projects and investments they are investing now in Bitcoin in which banks cannot get profit from it but maybe things will soon will change because JP Morgan is now on fully support of Bitcoin investments in which he is the known banker business tycoon and a former Bitcoin critics. Building on that, if more users choose to opt into the Bitcoin network and opt out of the traditional banking system, then they will have less resources to use. They won't be able to lend as much, and in the same breathe they will have to adapt or fear going the way of the dinosaur. |
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Rarahumaira
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May 22, 2018, 10:17:56 PM |
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That is a simple thing, because they do not want to be rivaled by bitcoin. Because bitcoin has a better advantage than existing banks. Thus the fear arises.
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MacStone
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May 22, 2018, 10:40:08 PM |
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Banks are not nervous about bitcoin, and people need to stop being so paranoic about those threads, there is nothing that is making banks feel paranoia, i do not understand why there are a lot of people that think that bitcoin is killing them.
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liseff3
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May 22, 2018, 11:09:04 PM |
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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.
Actually NO!, if the bank doesn't mind and willing to facilitate the place or container for the exchange of crypto type it feels very wise especially if they can combine it with their fiat, then the bank will also benefit from "Transaction Fee "which have been issued by crypto users. The power and control of money is being ripped away from traditional institutions, which can also be seen on Wall Street. Some of these traditional investors are siding with what could be the future, while others vehemently denounce it.
Every individual has the right to judge something, according to his ability in seeing the phenomena, which occur around him. Banks have existed unchallenged for hundreds of years, and that is the key issue here; Bitcoin, backed by a solid platform such as Blockchain technology, is a ghost that is incredibly hard to control due to its decentralized nature.
Most of the people assume as you say, because banks have the full support of the government, so they are more free to strangle their citizens with various types of loans and debts. |
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naily
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May 23, 2018, 03:40:53 AM |
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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. Banks have existed unchallenged for hundreds of years, and that is the key issue here; Bitcoin, backed by a solid platform such as Blockchain technology, is a ghost that is incredibly hard to control due to its decentralized nature. The power and control of money is being ripped away from traditional institutions, which can also be seen on Wall Street. Some of these traditional investors are siding with what could be the future, while others vehemently denounce it. Individuals can now enter into direct peer-to-peer trusted exchanges with strangers. They no longer need a central institution to vouch for the other party. 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. However, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous. Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoinThe big banks are so nervous about bitcoin because that due to a popularity of a bitcoin 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 They will afraid that many high investors will investing to bitcoin. So, The big banks should addopt the crypto technology for their banks or create a new crypto. Banks are well aware of this fact that cryptocurrency is increasingly popular and support is gradually leading to a decrease in their customers. Without customers, no business can survive. Whenever an entity senses some kind of threat from another entity, the former becomes afraid of the next. It is very clear and understandable. |
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yanlap
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May 23, 2018, 07:55:07 PM |
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They have to be nervous because it is not within their reach to control. They don't have a say in it, that is why you can't see them accepting it. Bitcoin will take away the percentage they earn from fiat by taking it from other people's fiat. Bitcoin will make them close up if everyone gets involved.
I think big banks scared on bitcoin because of many persons invest it and bitcoin will become so popular around of the world and we know bitcoin will only themeself to improve the price without government and i think there a chance will replace the bitcoin the bank on the future because of people using it. The only thing which is adding up this much of the worries for the banks is that both the banking system and the crypto currencies are meant for keeping the money safe. However, the only difference is that investing in the crypto currencies also gives you an opportunity that you will able to make more money and that this is the point where banking systems lacks behind, thus making the crypto currencies much better option. |
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Yunbalo
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May 23, 2018, 10:26:41 PM |
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They have to be nervous because it is not within their reach to control. They don't have a say in it, that is why you can't see them accepting it. Bitcoin will take away the percentage they earn from fiat by taking it from other people's fiat. Bitcoin will make them close up if everyone gets involved.
In general BTC has dominated the monetary market of banks, investors have been gradually transferring money to invest in BTC. Some people like to invest in risk they have withdrawn from the bank and buy BTC, some people are afraid of risk and they still follow the bank. But most of it is to abandon the bank to Crypto. |
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ov3rflow9x
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June 01, 2018, 10:32:57 AM |
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In my opinion, why would you to the bank firstly? For make sure about your money is in safety? Or you just wanna invest in and grow with low percents earnings for time manner?
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cardo
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June 01, 2018, 10:40:55 AM |
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Banks afraid Bitcoin existence because of this popularity and the use of bitcoin is very interesting like being anonymity for every transaction we made fast and secured with no hassle and can send transaction overseas banks nervous in bitcoin cause people probably invest there money in btc than saving in their banks when people have knowledge in btc.
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Elmughni
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June 01, 2018, 10:48:47 AM |
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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. Banks have existed unchallenged for hundreds of years, and that is the key issue here; Bitcoin, backed by a solid platform such as Blockchain technology, is a ghost that is incredibly hard to control due to its decentralized nature. The power and control of money is being ripped away from traditional institutions, which can also be seen on Wall Street. Some of these traditional investors are siding with what could be the future, while others vehemently denounce it. Individuals can now enter into direct peer-to-peer trusted exchanges with strangers. They no longer need a central institution to vouch for the other party. 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. However, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous. Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoinBig banks are so nervous about bitcoin because Bitcoin is so popular and profitable. I think alot investor will accept bitcoin soon. |
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tikanurqaidah
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June 01, 2018, 11:25:51 AM |
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investor interest in the digital currency is getting stronger when compared with the banking sector is completely opaque. digital currency can be a good tool to hedge your investment value against inflation risk. Bitcoin may be a threat to the easy money bank, but it does not pose an existential threat to the system,
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Hirameki
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June 02, 2018, 03:45:43 AM |
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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.
You should believe it dude. The existence of bitcoin up to date only proves that the financial industry could be better and can operate even without the banks. Almost all of the banks services can do by bitcoin and as matter of fact, it is much cheaper than them. The only hindrance for a business to accept bitcoin is the volatility which enjoy by some traders. |
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dyablo
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Activity: 191
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June 02, 2018, 05:05:39 AM |
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It just because of popularity of bitcoin so that they afraid or worried about the bitcoin and also we know if every country know about bitcoin so many bank or any big banks are absolutely nervous, like us we don't save our money in the banks we are going to invest in any coins just like bitcoin just because of income and the fluctuation of cryptocurrency or stocks that possible our investment was going to increase not like the banks.
Big banks are so nervous about bitcoin because their biggest depositors might decreases. They are afraid that many of them may withdraw their money and turn into bitcoin investment because of a very innovative technology and advantages given by bitcoin. And they are afraid that people will never use a bank anymore. |
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nebiki
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June 02, 2018, 05:19:08 AM |
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because if I think big banks are afraid of the bitcoin is that they are afraid that people who often invest in their bank is on the run to move bitcoin, because bitcoin is a very good investment place and promises really for the profit that will be in
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Darker45
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🙏🏼Padayon...🙏
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June 02, 2018, 05:21:56 AM |
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Indeed, banks have all the reasons to get nervous. The world is slowly turning against them. Gone are the days when they are the ones dictating everything in the world, from whether the poorest of the poor will live another day or not, to who will rule a certain country. That is how influential banks used to be. And with such a huge power in their hands, they only made the world a lot worse than it was without them. Time for a big change!
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