Why Big Banks are so Nervous About Bitcoin ? Why ?

[dongyi17]

Bink banks are afraid about bitcoin because if people, and investor are become interested in bitcoin and choose to invest in them, save and use them they will losing clients and investor and also they have no power over it, they cannot control it, and they might withdraw all their money and put it into bitcoin.

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[NyLymZbl]

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.

[Jake Virus]

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.

I think some banks are so nervous about bitcoin because many investor is having a big interest on cryptocurrency including on bitcoin, and in that way banks knows that a lot of people or investor will put there money in bitcoin rather than putting it on the banks.

[sangungaji]

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-bitcoin

Of course, Bitcoin is more popular than big banks. The investor can accepts bitcoin to invest their money. It the reason bigbanks are so nervous about bitcoin.

[abayan]

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.

I think some banks are so nervous about bitcoin because many investor is having a big interest on cryptocurrency including on bitcoin, and in that way banks knows that a lot of people or investor will put there money in bitcoin rather than putting it on the banks.

This enters the difference between banks and bitcoins it not that people will chose to use bitcoin rather cryptocurrency it is an investment and to be able to protect their money they will put it in a banks. Furthermore, those whonknows to keep safely their money through hardwares and wallets may leave their money there instead of banks and still banks use a fiat money that is use as an exchange to buy things. They are not afraid of this because they are making money so before it happens they have a plans to upgrade the services by using crypto.

[Kakawate]

Everyone on the cryptoworld or maybe most of them are saying this about banks, that they are afraid of what this new technology (cryptocurrency)is about to bring to them, but in my opinion, banks and money are always in good terms, now cryptocurrency is a form of money, so in my opinion, cryptocurrency and banks will have a good relationship in the future.

[BurakTurk]

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.

[soenaderecho10]

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.

Big banks nervous on bitcoin because theres possibility that banks will replace on bitcoin because of the price is fast to rise and theres possible the money of bank will reach on bitcoin and many persons trust on bitcoin because its safe to earn a money on bitcoin.

[seven2smoke1]

Everyone on the cryptoworld or maybe most of them are saying this about banks, that they are afraid of what this new technology (cryptocurrency)is about to bring to them, but in my opinion, banks and money are always in good terms, now cryptocurrency is a form of money, so in my opinion, cryptocurrency and banks will have a good relationship in the future.

Maybe at the end banks will support cryptocurrencies and bitcoin in general, so we should hope for the best, because of the technology development these days, I think the crypto world will grow so much over the years, so the banks will be obligated to adapt to that and accept cryptocurrencies, and why not to support it.

[MusicManPL]

Bitcoin is a verdict for the banking system. No one can control bitcoins so banks and nervous

[yusupjatigumilar]

because they are worried that their customers will move on to bitcoin, because many of the advantages offered by bitcoin when making transactions are there is no limit of distance, time and amount in transactions and with transaction costs close to 0 (zero)

[Baronggot]

Because once bitcoin and cryptos will step on the spotlight, banks will surely get nothing from charges they usually get on every transaction made on their banks like money transfer to cross border or country. You can think of it like what eMail did to the postal business in the advent of technology.

[Mylove risa]

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

Big banks will be really nervous about the rising global acceptance of bitcoin. They worry that bitcoin is decentralized and people want it. Bitcoin as a virtual currency that does not require a third party for the transaction is very meaningful to the bankers, in the end these bankers will lose their jobs in the next few years.

[Danlopz]

Because once bitcoin and cryptos will step on the spotlight, banks will surely get nothing from charges they usually get on every transaction made on their banks like money transfer to cross border or country. You can think of it like what eMail did to the postal business in the advent of technology.

Big banks will be really nervous and worried in connection with the rising global acceptance of bitcoin. They fear that bitcoin is decentralized and people want it. Banks consider bitcoin as their rival and have become the bankers' worst nightmare.

[andibcoin]

in fact major bank banks are not worried about bitcoin. they just want to take part in the big crypto market with the aim of taking advantage for themselves.

[elkafee79]

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-bitcoin

Why Big banks are so nervous about bitcoin because many investor will invest their money to crypto. It is the reason.

[crazyavdik]

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.

[ekalak manjeng]

maybe they consider bitcoin, If bitcoin or other cryptocurrency is widely applied, the whole banking system can become irrelevant. but it is in accordance with my knowledge contained in the article.

[mersal]

maybe they consider bitcoin, If bitcoin or other cryptocurrency is widely applied, the whole banking system can become irrelevant. but it is in accordance with my knowledge contained in the article.

Yes if bitcoin develop all over the world the usage of banks will reduced a lot that's why they got a fear of the bitcoin development so I think bitcoin worth for that.

[ov3rflow9x]

Sure, the economics has started a long tim ebefore the money hasn't been shaved. Banks exists only for let some people who has more money to hold their savings, they just put it in for protecting.