Why Big Banks are so Nervous About Bitcoin ? Why ?

[Amanda Green]

I totally agree with you. Hence, I want to add one more important thing - you should divide your investment between different assets. In such a way you will have higher chances of a success. I have found a trustworthy Token Sale project. It is called Socratus. It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment,  fair and transparent dealing and friendly prices.  It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures.

[amber deposit]

I think that bitcoin has the power to undermine the banking system and reshape the financial landscape,but not today,because There are only ~ 15-20 Million people using blockchain system and there are billions In banking sector. of course they are scared ,because their profit is  transaction fee and loan,but as we know, in these sphere bitcoin has no competitor.

[Oppang Inamo]

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 bank owners would be nervous as it wasn't impossible that Bitcoin could destroy them, and not only the Bitcoin itself as a root, but also the blockchain and those companies who are onto making crypto wallets and platforms for using Bitcoin as a mode of any payment. In which if the Bitcoin and cryptocurrencies were globally accepted and used, there's no point saving your money on bank and instead just have them on your pocket right inside your handheld devices.

[cloudproject]

well big banks are aware if they place are taken by crypto currency, currently when people are using crypto they will own their wallet and with that people will safe their money by itslef, the profit of bank are come from the deposit and with loan intrest, thats why they aware after all

[bombie1]

I do not understand why or what to call this kind of behaviour, whether I should say pride or greed.If you are a bank and realized that this is a potential great industry, why don't you get closer to them,learn the new technology, see the new opportunities out there and take them by the horns instead of trying to sabotage knowing very well that this is inevitable. Either rain or shine bitcoin will soar higher and cryptocurrency will be recognized worldwide.

[bachus]

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

First of all we need to say that not all the banks are nervous some of them are just passive, secondly I can say that is a real threat to existing bank corporation system, crypto currency is real.

[Ayaah]

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

I think the reason why the big bank are so nervous about bitcoin because they are afraid that they are losing their costumer's, and also the investor's  who deposit and invest their money in the bank with a low interest in return.
They are afraid that their customer will withdraw their money and invest directly in cryptocurrency.

[hajimasan]

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

In actual due to the cryptocurrency , people are more addicted to put Thier in cryptourrency market Instead of bank and in that way money flow in bank is very less and that is results into banks to increase Thier interest rate , in this way they are facing lots of lost and lack of money problem .
And also due to Cryptourrency market , people are doing more and more works and deals with the cryptocurrency use ( bitcoin use commonly) .
But still here it is a big question that why banking sector are against the cryptocurrency , while they like also the technology of the cryptocurrency and want to implement the technology of blockchain which is of the cryptocurrency .
Well future will tell us clearly what will be scene of cryptourrency in future .
But surely here I will never quite from bank as well as cryptourrency use .

[deejayce48]

Before when Bitcoin costs only a penny, they do not care because they think that it will never get big. But now it got their attention because it's price surge unexpectedly. And the technology behind it is really innovative that they cannot ignore. Bitcoin and the blockchain technology are built to improve or correct the flaws in our financial system.

[SaraClarke1212]

Because bitcoin can affect the sales of big banks. Bitcoin can transact without the control of any bank, which means that the bank can not control the rise and fall of the value of bitcoin. Hackers and the mafia can use this to launder money.

[pedangrusak]

"Bitcoin is a currency that can not be regulated by any central bank" is what causes many central banks in the country trying to reject the current decentralization bitcoin. cryptocurrency is unruly and they are very afraid of big inflation when many cryptocurrencies are easy to play, especially for developing countries that are very vulnerable to inflation

[yitzjoe]

Many banks are not ready with bitcoin decentralization from blockchain technology to supporting infrastructure for crypto so they are afraid to accept. centralized banks will be very difficult to accept decentralized bitcoins, this is very contrary. therapy when banks can accept blockchain technology I think they will be amazed and very profitable dibanidng their current technology

[Qeupe]

because the peer to peer bitcoin system will be able to compete with the Bank, this peer to peer system is considered more profitable because the transaction does not require a third party to control and monitor transactions. In addition, with this transaction system also only spend a little cost even free and fast. Of course, if the Bitcoin trend grows then the Bank will lose its place in the community.

[BaraxLo]

banks will no longer be useful if bitcoin is increasingly used by people to invest their money. not interested anymore to save money in the bank, and better put their money into bitcoin. of course the bank will lose several opportunities to get interest from customers.

Central banks are worried because of their businesses which are affecting by the disruption causes by cryptocurrencies if it comes closer. Now there are many countries where the Bitcoin and other cryptocurrencies are using on large scale as their governments have made a special proper system for it living with banks due to which many other countries are following their systems to make the survival of both which are contributing to economy.

[setupbounds]

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

Which banks exactly? You didn’t mention the bank that is scared of Bitcoin. No bank is scared of Bitcoin, it’s just some bunch of stupid idiots that knows nothing that keeps on saying this sort of thing about Banks being scared if Bitcoin. If you bank prevent you from moving money you have in crypto to your bank account then you have serious problem. Everything that has to do with money will always end in bank. So tell me how banks are afraid of Bitcoin? Hmph… 😕

The biggest issue these banks have got is insecurity that bitcoin is creating against these banks. Those people who are using bitcoin don’t want to save tether money in banks. They don’t need to make anything in banks because all of their assets and information are secured in wallets. So these banks are little bit confused that what to do to remit this bitcoin from field.

After some years, when there will be more awareness regarding bitcoin and other digital currencies in the international market, then people will stop using the regular currencies and that they will go for investing and holding of the crypto currencies which will then remove the need of banking system and that this will put the survival of the banks in danger because of which the banks are not happy with the crypto coins.

[Samohunk]

Actually not only Banks, any large organization will try to suppress everything that it hurts to damage their work, and the crypto currency is very much threatening the banking system. But when they see opportunity in these area, they will accept it sooner or later. Just have good faith and keep the good work.

[CryptomartN]

In my opinion, the banks are just scared of loosing investments and deposits from customers which they in turn lone out at huge interest rates on pay back.

[Oliver2]

Traditional Banks are still afraid that the BTC status will affect the status of Banks. If bitcoin is really the standard currency, it will definitely have an impact on the banking industry.

[ModGirl]

In my opinion, the banks are just scared of loosing investments and deposits from customers which they in turn lone out at huge interest rates on pay back.

Yeah it is big fear of all banks because now they know people have better option than us so they are afraid to be ignore and they know it well that in near future all investors will only invest in bitcoin, as it is the best choice for us, no offence for using it and no offence for dealing, I am sure soon the price will rise high so they are afraid and it is true that investing in bank has almost zero profit as compare to investing in crypto currency.

[igration]

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.