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January 20, 2018, 12:58:51 PM
 #1

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
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January 20, 2018, 01:23:16 PM
 #2

All governments are in the pay of the bankers. The economies of all countries are built for the rich. Running this process the bankers. Of course they don't want to lose control over financial flows. They will do everything to destroy bitcoin. Now a lot of the allegations that led to bitcoin being used to Finance terrorism. It is a fake. No proof of this. I do not believe that bitcoin will be legalized.

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January 20, 2018, 01:26:14 PM
 #3

I don't think its a threat to bankers, as I am one myself. CC are a threat for the position of the Government as parties who print and give out money. Euro or USD isn't really backed anymore, the rely on trust. With no trust in USD/EUR the system will fall apart. Cryptocurrencies could form an alternative for those fiat currency in a far future as everyone can create a currency which isn't ruled by a single institution. Don't see it happening so fast but for it's the main reason why I hold cryptocurrencies.
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January 20, 2018, 02:48:59 PM
 #4

My government decide to ban bitcoin because it can damage my local currency flow and for money laundry attempt that my government really against with
But every government  have their own policy in order to protect people from bad things.
For who legalize bitcoin doesn't mean that they are not against bitcoin, but they see bitcoin in different side.

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January 20, 2018, 06:08:09 PM
 #5

My government decide to ban bitcoin because it can damage my local currency flow and for money laundry attempt that my government really against with
But every government  have their own policy in order to protect people from bad things.
For who legalize bitcoin doesn't mean that they are not against bitcoin, but they see bitcoin in different side.
Yeah,some countries are seeing bitcoin from the different angle which can be beneficial for the citizens not the bakers or the big whales.Because decentralization will kill the banking system soon.So many bank compromises the government officials and standing against crypto currencies.But my countries really doesn't take any action against crypto users,so hopefully they won't take steps against bitcoins in future.

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January 20, 2018, 06:17:12 PM
 #6

Slow down the growth? A currency relating to no country, having no institutional back up, no basic users database, have reached $20k in 9 years, and we still say its growth is slow. The countries working against bitcoin are actually the reason why bitcoin is spreading more. The citizens of a country don't always do what their governments do, but almost a very large percentage of people do the opposite of what the regulators do. So if a country tries to do something against bitcoin, the people around will come towards bitcoin and that is for the good of the currency.
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January 20, 2018, 07:15:55 PM
 #7

My government decide to ban bitcoin because it can damage my local currency flow and for money laundry attempt that my government really against with
But every government  have their own policy in order to protect people from bad things.
For who legalize bitcoin doesn't mean that they are not against bitcoin, but they see bitcoin in different side.
In short this thing do really signifies that each country do have different system of government. Decisions would be made on a particular thing specially on bitcoin would really be also different. Some may adopt or consider but most of them will surely ban or prohibit by the use of it because views and opinions would really vary depending on their countries situation or status when it comes to circulation of funds.


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January 20, 2018, 07:37:46 PM
 #8

My government decide to ban bitcoin because it can damage my local currency flow and for money laundry attempt that my government really against with
But every government  have their own policy in order to protect people from bad things.
For who legalize bitcoin doesn't mean that they are not against bitcoin, but they see bitcoin in different side.
In short this thing do really signifies that each country do have different system of government. Decisions would be made on a particular thing specially on bitcoin would really be also different. Some may adopt or consider but most of them will surely ban or prohibit by the use of it because views and opinions would really vary depending on their countries situation or status when it comes to circulation of funds.

If a country that is still developing better apply the rules of liberating its citizens to entrepreneurship anywhere. and follow the example of a developed country in creating new examples of digital currency "BITCOIN" so that the economy of its citizens / country will increase. will become an independent country.
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February 17, 2018, 06:24:58 PM
 #9

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
There is a big truth with this as we all know that the growth economy system of a nation is always due to the taxes demand. And because bitcoin is not under the government law and its circulation is through the enternet and aside from this, it offers a big profit to all who are investing it then it will totally affect the economy. And also the bank will surely experience a decreasing numbers of investors if this people know about bitcoin. Because in bitcoin money is not sleeping unlike the bank.

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February 19, 2018, 11:45:57 AM
 #10

It is not considered to be the immense threat otherway it would have been already shut down somehow.

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February 20, 2018, 06:33:47 AM
 #11



Bitcoin doesn't pose a threat to either the economy or the bankers. all it does is eliminate unnecessary intermediaries and regulations during transaction to make it faster and cheaper, to me that's an economy builder. its use however takes away the central governments ability to collect taxes,which may make it impossible for checks and balances,

The main threat for bankers on the other hand is the Blockchain technology which when modified to suit the banking sector will increase transaction speed, security and accuracy. Bankers incompetence may be replaced by this  technology and that's what they need to worry about. Not BTC

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February 20, 2018, 07:17:48 AM
 #12

BitCoin seems to be designed as a weapon aimed at destroying central banks and money-issuing banks, with Libertarian political agenda in mind-to undermine the country's ability to collect taxes and monitor the financial transactions of its citizens.

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February 20, 2018, 09:42:35 PM
 #13

BitCoin seems to be designed as a weapon aimed at destroying central banks and money-issuing banks, with Libertarian political agenda in mind-to undermine the country's ability to collect taxes and monitor the financial transactions of its citizens.

IMO,i think it is not typically the reason why bitcoin has made.Bitcoins purpose is not to destroy banks,maybe blockchain technology and etc. is the reason why the banks are being threatened and afraid of losing their revenues

Bitcoin is not a threat to the economy,infact it helps the economy into their financial matter.

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February 20, 2018, 10:43:27 PM
 #14

I just spoke to a CFO of a company that provides governmental services, she does not believe in the future of cryptocurrencies. The primary reason I got out of her was because "it's not backed by anything." I'm assuming that her sentiments are shared with others in her field but that may be cynicism.
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February 21, 2018, 12:18:55 AM
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I just spoke to a CFO of a company that provides governmental services, she does not believe in the future of cryptocurrencies. The primary reason I got out of her was because "it's not backed by anything." I'm assuming that her sentiments are shared with others in her field but that may be cynicism.

It depends on how you look at it. Technically, one could say that 1 BTC is backed by the average cost in energy it takes to mint a coin, but that at the same time can be easily refuted. I personally don't feel the need to be so obsessed with something that needs to be backed by another thing in order to measure or represent a certain value. I like the free nature aspect that allows people to decide what the price of 1 BTC is, instead of depending on central authorities to force you to believe in something that is based on debt and futile believe, which is the case with the us dollar, and basically any other fiat currency. I am glad that with Bitcoin we don't have to swallow any of that if we don't want to -- we have an alternative option now, which we should all be happy with.

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February 21, 2018, 02:21:08 AM
 #16

BitCoin seems to be designed as a weapon aimed at destroying central banks and money-issuing banks, with Libertarian political agenda in mind-to undermine the country's ability to collect taxes and monitor the financial transactions of its citizens.

This kind of technology will not aimed to destroy anything cause basically this created for a faster transaction and to transact without giving any information. Though some banks feel be threatened cause of the growing community of blockchain technology, I think it cannot destroy them in fact they can help banks to improved its services. Bitcoin can help improved one economy in terms of financial matter, and this can help its people to be more financially free.
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February 21, 2018, 06:02:04 AM
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I just spoke to a CFO of a company that provides governmental services, she does not believe in the future of cryptocurrencies.
What are you expecting from the opinion of a Chief Financial Officer? She will ruin their business and will advise people who are their potential investors and customers to say, "hey bitcoin and crypto's are good it's the future of financing."

The primary reason I got out of her was because "it's not backed by anything." I'm assuming that her sentiments are shared with others in her field but that may be cynicism.
She works for a company that is backed by the government and is being regulated, wait for her opinion when bitcoin in your country starts to be regulated by your government.

I'm sure that she'll change his view about it.

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February 21, 2018, 08:00:18 AM
 #18

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.

Well according to them, bitcoin was will have a negative effect on their economy, its so disruptive that they really consider it  a threat and therefore needed to be eliminated as early as they can. So there will be a lot of nations that likely put a hammer ban just like what Indonesia and Bangladesh did. But for me, it will not eliminate the banking system, we still need banks and not everyone will go crypto's. There will be some old and traditional people who would rather saved and hold their money like a physical bank as compare to digital money like bitcoin. So its going to be an arduous and continues war and no one will emerge victorious. IMHO. Another reason that I can see if say bitcoin and crypto will take away the potential profits from bank. Imagine they will be bypass because we all know that crypto doesn't have middleman like banks to do transactions. Everyone is his own bank.

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February 21, 2018, 10:35:43 AM
 #19

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
In our country Bitcoin is not considered as legal tender or approved as payment system but we are allowed and free to exchange it into fiat. But i feel this kind of threatment is just temporary, because some banks don’t acknowledge it and those whose bank accounts connected with bitcoin transactions are subject to closure, thats why we choose bitcoin friendly banks to transact with to avoid that kind of situation.

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February 22, 2018, 10:45:41 PM
 #20

They may see it as a threat but in reality it's not. I believe cryptocurrency won't completely eliminate fiat, it will exist alongside it. Some services like loans will not disappear even when cryptocurrency becomes widely accepted. As long as we're living in the world of traders we will need all kinds of currencies. The next step is a world with abundance of free services, where everyone gets a free place to live and doesn't have to pay for a warm room and a glass of water. Until then we'll be living the society of debt and slavery, but that's a talk for another thread Wink

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February 23, 2018, 04:52:27 AM
 #21

In my point of view in future whole banking system will change or they have to change. Bitcoin and other crypto currency will be future of whole world.
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February 23, 2018, 05:35:57 AM
 #22

I don’t think that bankers see bitcoin as a threat but they are probably cautious of it because it is something unfamiliar to them. They must have noticed that their consumers have been using it and has been generating large amounts of revenue or income from it and they found it to be suspicious. For banks, large amounts of money without ‘solid proof’ is dangerous for them because they are wary of money laundering.

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February 23, 2018, 04:21:00 PM
 #23

I don’t think that bankers see bitcoin as a threat but they are probably cautious of it because it is something unfamiliar to them. They must have noticed that their consumers have been using it and has been generating large amounts of revenue or income from it and they found it to be suspicious. For banks, large amounts of money without ‘solid proof’ is dangerous for them because they are wary of money laundering.
Some really sees this as a threat that is why a lot of people are getting rid of this cryptocurrency because some banks don't trust it so they don't trust this as well as they believe what the bank is saying, so for me it does not matter as we don't handle those minds and don't be affected too much with what others will think.

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February 23, 2018, 11:16:24 PM
Merited by richardsNY (1)
 #24

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.

Bitcoin is not at all a threat to the economy but it is indeed good. Let me explain why.

1. Bitcoin increases the purchasing power of common people/crypto investors. So if a person earns more, they will spend more for good and services. It will increase the indirect tax income for the government. because the majority of a government's income comes from indirect taxes and not from the direct taxes like income tax. Every product you purchase, government get the tax. So if common people starts spending more, it means good for the economy of that country.

2. Bitcoin or crypto currency market helps people with alternate employment. I personally know a lot of person who are fresh out of collage and earning well from the crypto currency market by investing, trading or providing services. These particular group of people are the new age people who are comfortable with computer and programming. They have found an alternate employment through crypto market. In majority of the countries, where the governments have failed to provide jobs to the eligible youth, a place for alternate employment is a good news.

3. Crypto can't be mainstream because of its de-centralized nature. So every time anyone wants to use their crypto income, they will have to exchange it to their local currency. That helps the money circulation among the citizens and directly supplement the point no. 1.

But bitcoin or cryptos are generally a threat to the banking business unless the banks are going to adopt it. Again, let me explain why,

1. The current market cap of crypto is close to 450 billion USD. This is the dollar value equivalent which has been converted in to crypto worldwide and this is a very serious amount of money. If crypto didn't exist, this amount of money would have flown in to banking channel. But that has not happened because crypto exists and people are investing in crypto instead of investing in to bank deposits. So it is a threat to their business.

2. Governments and banks are in direct control of your fiat funds. If you do anything out of the line, banks can simply freeze your funds and ask for an explanation. With crypto it is not possible. Here you are the controller of your own funds. In today's world, money means power. The more money you have, the more powerful you are considered. You can do whatever you want with your crypto funds which is particularly the reason why governments are still unsure about cryptos. Money laundering and terrorism funding are two very serious reason behind that. Due to the pseudo-anonymous nature of the crypto transactions, it is very hard to detect such crime. As a good citizen, I am sure you won't support terrorism funding in any way. So it is a thread to the governments as well.

There are more reasons for the argument. But I believe I have covered the basics here.   

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February 27, 2018, 09:02:17 AM
 #25

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
If the banks will lost their one half investors and shift into bitcoin their profit will decrease badly and if it happens continuously their future will clearly a disaster and then the government also can be affected because bitcoin is decentralised and as long as it is not declared by the government as legal they will gain nothing from bitcoin. I believe that the very reason of not letting bitcoin works freely is because they are trying to create something that can be an instrument to counterfeit it.

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February 27, 2018, 03:38:13 PM
 #26

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
If the banks will lost their one half investors and shift into bitcoin their profit will decrease badly and if it happens continuously their future will clearly a disaster and then the government also can be affected because bitcoin is decentralised and as long as it is not declared by the government as legal they will gain nothing from bitcoin. I believe that the very reason of not letting bitcoin works freely is because they are trying to create something that can be an instrument to counterfeit it.
This situation really makes me sad, why not that the banks and our government will just unite and add bitcoin to their system instead of hating this, there are a lot of people now investing in it and I am sure that they do have their data to gather enough so that they can have their conclusion since they cannot people from investing here.
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February 27, 2018, 04:24:55 PM
 #27

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
If the banks will lost their one half investors and shift into bitcoin their profit will decrease badly and if it happens continuously their future will clearly a disaster and then the government also can be affected because bitcoin is decentralised and as long as it is not declared by the government as legal they will gain nothing from bitcoin. I believe that the very reason of not letting bitcoin works freely is because they are trying to create something that can be an instrument to counterfeit it.
This situation really makes me sad, why not that the banks and our government will just unite and add bitcoin to their system instead of hating this, there are a lot of people now investing in it and I am sure that they do have their data to gather enough so that they can have their conclusion since they cannot people from investing here.
As we can see banks have been a huge and edge to other money keepers for ages. It has a big impact to the society as well as the economy because people can invest with assurance especially with the proper security and with an amount from the company if there are losses of money or it can't pull back the amount of the bank. There is a deposited amount already which can replace the money that has been lost if there is something happened like technical problem or others. Now bitcoin is in this time other people will think for sure that it is a threat to economy and bankers but actually it's not but, it can help the economy to be more convenient and progressive in services.

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February 27, 2018, 05:34:01 PM
 #28

Actually, the opinion of countries ( the gonverments) is the full rejection, they believe  that Bitcoin is a big problem for banks. As well, after the existence  of this digital currency there become many problems in a global economy (crisis) of countries and the users of crytptocurrencies  will develop usually. So the governments always trying to destroy Bitcoin and other cryptocurrencies but they will not succeed to achieve their goals. Because bitcoin is very secure and one can destroy it, especially in this period
On the other hand, I think that if Bitcoin will progress, then it is certain, that the governments will recognize it as a legal currency. and to benefit from them to be a development in the economy, but the only problem is the governments cannot control the transactions of money.
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February 27, 2018, 05:44:39 PM
 #29

Yeah, FIAT won't be erased. In fact you guys still convert your BTC into USD or fiat to buy lambo right?
I believe crypto will grow, with fiat become something like "collectibles"  Grin
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February 27, 2018, 08:51:48 PM
 #30

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.

People say that its the greatest threat to progress,to economic progress, but I think its nonsense,It may not be the best situation for bankers but their commercial credo is not just a payment buisness(for example in my country they have already started to create crypto exchanges and they'r making money from it) and what about economy?this situation,what people have noticed here is  the best indicator for technological,therefore financial develpment in the country.Just look giant corporations, their capital may be equal to the third world countries capital and what will happen if technological corporations creat in countries like that? of course this country will be more wealthy.

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February 28, 2018, 01:25:58 AM
 #31

Actually, the opinion of countries ( the gonverments) is the full rejection, they believe  that Bitcoin is a big problem for banks.

It partly is a problem for banks, but one of the main factors for the government to dislike Bitcoin is the fact that it offers people an alternative to a system that's solely based on debt and control. Debt is a very powerful tool to suppress and control people, and with financial institutions complying with the rules set up by the government (they are as much as a slave of the government as we, the people are), the government has basically full control over everything that happens within their centralized environment. Haven't people even noticed how throughout the years, we more than ever depend on corporations to transact and maintain our wealth? It's a scary thought for me at least -- you are required to ask permission for everything you do with your OWN money....

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February 28, 2018, 08:35:27 AM
 #32

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.

Bitcoin is not at all a threat to the economy but it is indeed good. Let me explain why.

1. Bitcoin increases the purchasing power of common people/crypto investors. So if a person earns more, they will spend more for good and services. It will increase the indirect tax income for the government. because the majority of a government's income comes from indirect taxes and not from the direct taxes like income tax. Every product you purchase, government get the tax. So if common people starts spending more, it means good for the economy of that country.

2. Bitcoin or crypto currency market helps people with alternate employment. I personally know a lot of person who are fresh out of collage and earning well from the crypto currency market by investing, trading or providing services. These particular group of people are the new age people who are comfortable with computer and programming. They have found an alternate employment through crypto market. In majority of the countries, where the governments have failed to provide jobs to the eligible youth, a place for alternate employment is a good news.

3. Crypto can't be mainstream because of its de-centralized nature. So every time anyone wants to use their crypto income, they will have to exchange it to their local currency. That helps the money circulation among the citizens and directly supplement the point no. 1.

But bitcoin or cryptos are generally a threat to the banking business unless the banks are going to adopt it. Again, let me explain why,

1. The current market cap of crypto is close to 450 billion USD. This is the dollar value equivalent which has been converted in to crypto worldwide and this is a very serious amount of money. If crypto didn't exist, this amount of money would have flown in to banking channel. But that has not happened because crypto exists and people are investing in crypto instead of investing in to bank deposits. So it is a threat to their business.

2. Governments and banks are in direct control of your fiat funds. If you do anything out of the line, banks can simply freeze your funds and ask for an explanation. With crypto it is not possible. Here you are the controller of your own funds. In today's world, money means power. The more money you have, the more powerful you are considered. You can do whatever you want with your crypto funds which is particularly the reason why governments are still unsure about cryptos. Money laundering and terrorism funding are two very serious reason behind that. Due to the pseudo-anonymous nature of the crypto transactions, it is very hard to detect such crime. As a good citizen, I am sure you won't support terrorism funding in any way. So it is a thread to the governments as well.

There are more reasons for the argument. But I believe I have covered the basics here.  
Your first explanation might lead to government weakened the purchasing power of fiat money, why? if almost everyone getting rich and earning through cryptocurrency, government can see it as an opportunity to increase taxation on goods and services thus can lead to businesses transferring those cost to the end consumer, but that can only be happen if the government doesn't involve themselves that much with the trade of cryptocurrency at its early stage, i don't know i might be wrong but for now that's what i am seeing if this crypto craze keeps on going.

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March 05, 2018, 06:36:38 PM
 #33

I think it is not because these are just internet-based virtual currency and apart from bitcoin if you want a new and best type of agricultural based cryptocurrency just click here: STech Coin | Cryptocurrency Exchange
For me, there is nothing really unusual thing since bitcoin can still be converted to fiat, so the money is still circulating the market and there is no imbalance in the Economy just like other people were saying, so for banks that does not like bitcoin they were just afraid for the stock market and not in the volume of their transactions.

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March 06, 2018, 03:19:49 AM
 #34

Anything disruptive to the existing government establishments and institutions will always pose a threat to the said entities and that is what bitcoin and the blockchain in general is to them. Bitcoin is an attack on the power that central bankers currently hold over the way money and wealth is being manipulated all over the world. As it is bitcoin's aim to be a decentralized currency that is accessible to the masses, those in power will gradually feel themselves losing control over what was once their domain, the power to create value out of thin air.  As for being an economic threat, bitcoin is just a tool among many economic tools out there. It's the way people perceive things in a capitalistic economy that dictates how the economy will perform. Those who know how to properly wield the information that they have will hold a big slice of the economic pie.
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March 06, 2018, 06:24:47 AM
 #35

I don’t think that bankers see bitcoin as a threat but they are probably cautious of it because it is something unfamiliar to them. They must have noticed that their consumers have been using it and has been generating large amounts of revenue or income from it and they found it to be suspicious. For banks, large amounts of money without ‘solid proof’ is dangerous for them because they are wary of money laundering.
Some really sees this as a threat that is why a lot of people are getting rid of this cryptocurrency because some banks don't trust it so they don't trust this as well as they believe what the bank is saying, so for me it does not matter as we don't handle those minds and don't be affected too much with what others will think.

You are right, many banks are misleading the people that cryptocurrency is cheaters but many people are not understanding one thing that banks are stealing our money without intimation to us, Banks are misleading the people not to invest in cryptocurrency by blocking their cards.

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March 06, 2018, 09:19:16 AM
 #36

For governments, Bitcoin has good and bad sides. But it needs to be regulated. If the government of some smaller country let few Bitcoin billionaires play with that country market it would all gone to hell. So Bitcoin and other cryptocurrencies will be implemented, but governments and the old system need to find a way to adopt it in their favor.
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March 06, 2018, 01:44:39 PM
 #37

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.

There are a lot of things to consider when legalising a something that cannot be regulated by the government. Have you heard of the 'silk road case' wherein people used bitcoin as a gateway under the dark web for acquiring illegal goods? Due to bitcoin's decentralised nature, anonymity in transactions is inherent. The government fears that it might be abused and gradually contribute to their criminal rate.
As for the economic aspect, personally I see it as boon rather than a bane. I do not understand on why the government prohibits bitcoin when it can actually support individuals of all aspects in terms of acquiring alternative income.
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March 07, 2018, 02:29:26 AM
 #38

Bitcoin and crypto currency generally poses a certain threat only for economies that are closed from the rest of the world. These are basically states with an authoritarian form of government, where the rights of citizens are infringed. Therefore, for example, the statements of Russian politicians are the same, but in practice there is an actual restriction and prohibition of the crypto currency. If now the Supreme Court of Russia decides whether to ban the crypto-exchange forum bitcoininfo. ru, which simply gives citizens the knowledge of Russia about the crypto currency, then the Russian government is afraid of spreading such knowledge among the population, and accordingly, in the future will prohibit its circulation. This is evidence of an authoritarian (not popular) form of government, where the rights of citizens are infringed at every step. It is to such countries that crypto currency is dangerous.

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May 05, 2018, 06:31:35 PM
 #39

we can say yes, but until now it still questions, but if I ask in my opinion. it does not matter if a person uses a bitcoin means he earns money, and because the money that is being discussed may involve the bank, it can be said simply

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May 05, 2018, 08:42:40 PM
 #40

we can say yes, but until now it still questions, but if I ask in my opinion. it does not matter if a person uses a bitcoin means he earns money, and because the money that is being discussed may involve the bank, it can be said simply

Bitcoin never threatens anyone, the complete aim of cryptocurriences especially bitcoin is to grow the economy of each country and avoid third party transactions and have peer to peer transactions with blockchains supportive system. It have enriched many lives in this community. I am sure even the new ones here would accept this fact.

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May 06, 2018, 12:59:31 AM
 #41

Although many countries are trying to inhibit the growth of bitcoin currencies, but I do not think it has much effect on bitcoin in its development every year, and we can see bitcoin success with bitcoin prices today.

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May 06, 2018, 03:27:54 AM
 #42

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.

Cryptocurrency aims to create a decentralized monetary system (Unbound, not monopolized by one party). Based on this, the purpose of cryptocurrency itself (if successful) replaces the role of banks in carrying out transactions and payments then the banking will lose customers, fee-based income, and sources of funds that they can take advantage of earlier, Maybe that's one reason why not all countries give go signals for bitcoin

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May 06, 2018, 08:19:56 AM
 #43

This is normal by government and government eligible to provide strict supervision of the development of cryptocurrency. Cryptocurrency is not just a payment system but more than that cryptocurrency can make their national money forfeited because people choose to use cryptocurrency. So they will consider more to approve the spread of cryptocurrency in their country. Adopting cryptocurrency for the government will only make a loss so they will continue to fight against any form of cryptocurrency.

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May 06, 2018, 12:37:23 PM
 #44

Cryptocurrency aims to create a decentralized monetary system (Unbound, not monopolized by one party). Based on this, the purpose of cryptocurrency itself (if successful) replaces the role of banks in carrying out transactions and payments then the banking will lose customers, fee-based income, and sources of funds that they can take advantage of earlier, Maybe that's one reason why not all countries give go signals for bitcoin

People think that banks will lose out, but that's not the case; just as much as we benefit from all developments related to crypto, banks can as well.

If we look at the global interest of banks in crypto as a whole, mainly due to how exchanges are generating hundreds of millions in revenue every year, and how their clients keep bugging them to start getting involved in crypto, it's just a matter of time before banks start to compete with exchanges and wallet clients. It's the potential income they are after, and that's something they will try to obtain at all cost, that's a certainty right there.

In a way, banks shutting down accounts of clients and exchanges makes sense as well if you think a bit further; it could be seen as very early signs of them trying to get rid of competition, where at a later point when the regulations allow them to enter, they will and start dominating this market. Crypto will force banks to change and to adapt, but not to get rid of them, and we don't need to get rid of them; banks do their thing, we do our thing, it's that simple.

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May 06, 2018, 12:39:35 PM
 #45

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
can be spelled out like that, because the price can be manipulated though it should be in big quota-beesaran, and only the big investors can do it.
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May 06, 2018, 01:26:36 PM
 #46

at the moment it is not a threat,but it as well could become one
look at Venezuella,for example-its economy in such a bad shape that the goverment had to prohibit the use of bitcoin
it can be righ for many economies that are weak and/or having a lot of grey schemes going on
that can use bitcoins as an alternative form of payment,circumventing the banking and monetary system and taxes
thus the stronger an economy is,the less impact there should be,but China can serve as an example of the opposite,they didn't ban it per se
but limited the operations with crypta for the banks and exchanges

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May 07, 2018, 07:14:22 PM
 #47

My government decide to ban bitcoin because it can damage my local currency flow and for money laundry attempt that my government really against with
But every government  have their own policy in order to protect people from bad things.
For who legalize bitcoin doesn't mean that they are not against bitcoin, but they see bitcoin in different side.
Yeah,some countries are seeing bitcoin from the different angle which can be beneficial for the citizens not the bakers or the big whales.Because decentralization will kill the banking system soon.So many bank compromises the government officials and standing against crypto currencies.But my countries really doesn't take any action against crypto users,so hopefully they won't take steps against bitcoins in future.
Crypto currency can not destroy the banking system. Such a statement is absolutely wrong. Banks will always exist, because they are actually part of the state. Banks serve the economy of any state. Therefore, in the event of a conflict of interest between the crypto currency and banks, the state will take the side of banks. This should always be remembered, so it is not worth it to openly conflict with banks.

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May 10, 2018, 03:56:29 PM
 #48

Of course it is a threat to the economy and bankers. Why do you think they keep on attacking bitcoin? Because many people are no longer relying on banks. And the fact that they think banks are corrupted will make them leave and focus on the blockchain. On the other hand,  these governments are banning bitcoin. But some countries are helping it, not to mention that Media is manipulating the public by spreading rumors about bitcoin.
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May 10, 2018, 04:41:09 PM
 #49

Of course it is a threat to the economy and bankers. Why do you think they keep on attacking bitcoin? Because many people are no longer relying on banks. And the fact that they think banks are corrupted will make them leave and focus on the blockchain. On the other hand,  these governments are banning bitcoin. But some countries are helping it, not to mention that Media is manipulating the public by spreading rumors about bitcoin.
Exactly, in short, bitcoin may the one who big competitor in the bankers soon near in the future. They want to manipulate it because they want to control the money people who are they having poverty on bitcoin. They want to pay tax people who have bitcoin.
Then due to bitcoin is decentralized the government has nothing to do with this that's the reason for banning bitcoin in some countries.

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May 10, 2018, 04:52:37 PM
 #50

Then due to bitcoin is decentralized the government has nothing to do with this that's the reason for banning bitcoin in some countries.

There aren't that many countries where Bitcoin is actually banned. People in most cases think it has been banned because of how the mainstream media brings their news, but it's not like that. The main point of importance is that to prohibit people from buying Bitcoin, the authorities only have to make sure that they can't legally buy and sell when fiat is involved, and that's exactly what they did. Additionally, they can attack the centralized environment making it possible to exchange crypto currencies, and that's also what's happening. In other words, you can technically trade items for Bitcoin without breaking the law, which is good to know.

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May 13, 2018, 02:56:08 PM
 #51

I think so, many media who preach "Crash" Bitcoin So Threat Year 2018. even Deutsche Bank said, bitcoin virtual currency can be one threat to financial markets in 2018. The German bank to compile a list of 30 biggest risks for the market in 2018.
https://ekonomi.kompas.com/read/2017/12/11/103600826/deutsche-bank--crash-bitcoin-jadi-ancaman-tahun-2018
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May 15, 2018, 03:28:08 PM
 #52

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
bitcoin the absence of a relationship with bankers for price increases or price reductions and bankers also can not do anything about it.

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May 16, 2018, 01:27:12 PM
 #53

Yes the government has afraid to accept the bitcoin due its tremendous growth. Not that only the reason if it enters  in to the country it will dominate the local fiat. And the wconomically the country would affect due to tax problem. People are forget to use local fiat and no one invest in the bank. Because compare to bank benefits will be more in bitcoin. But at the same time many countries now accept bitcoin for their economic growth.

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May 17, 2018, 04:46:20 PM
 #54

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
Government are afraid to accept bitcoin because of the illegal transactioning that their always believing.

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May 17, 2018, 06:10:29 PM
 #55

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.
Government are afraid to accept bitcoin because of the illegal transactioning that their always believing.
It is not a threat we are just over thinking things and the government just want to rule the country and the market, they don't want the the stock market will cause problem if they will going to pursue bitcoin, at some point we just need to understand them for this.

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May 18, 2018, 04:28:28 AM
 #56

Bitcoin is a threat to economy and bankers because once the bitcoin enters in to the country it will dominate the loacl currency. And the government has to face the tax problem. Bitcoin is the big competitor to banks. Because bitcoin investment is more profit than invest in banks. People use only bitcoin for their transactions because it is safe and secure to use. Government afraid if they accept people will use bitcoin for ilegal purpose.

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May 18, 2018, 04:50:54 AM
 #57

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.

No, Bitcoin will never ever be a threat to economy and banks as well as long as they will regulate it to avoid of using it in illegal activities that may ruin the economy. Unemployment alone will be reduce in which it will make the purchasing power of the people to increase making the economy to become strong and stable.

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May 18, 2018, 10:12:34 AM
 #58

Bitcoin is not a threat to any Economy neither is it a threat to any bank, the issue is that most country just feel that one can not make money and will not pay anything back to them they just want their own share of your money. On the bankers bitcoin affect their job and you don't expect them to be happy when money don't come into the bank like before.

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May 18, 2018, 10:21:41 PM
 #59

Bitcoin is not a threat but rather the key to a country's great economy if the leader would be smart enough to use it. Banks are governed by the government obviously. Cryptocurrency doesnt affect the currency of a country but the investments offered by banks that are now being set aside because a lot of people chooses crypto than mutua funds.

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May 19, 2018, 01:40:00 PM
 #60

Bitcoin is not a threat to economy and banks as well because it will regulate income for some people as we can see some countries are already adopting bitcoin as an alternative in using it as payment for some bills and for buying on online shopping.

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May 19, 2018, 02:14:39 PM
 #61

Bitcoin is threatening for country economy.That's the reason some government declare illegal BTC.Also it's threat for Bankers they are thinking.But actually my thinking is very different with Bitcoin, it will be move towards the development.There is no scope for this to have a bad reaction.

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May 20, 2018, 04:07:31 AM
 #62

Bitcoin is threatening for country economy.That's the reason some government declare illegal BTC.Also it's threat for Bankers they are thinking.But actually my thinking is very different with Bitcoin, it will be move towards the development.There is no scope for this to have a bad reaction.
Without any further analyzing the situation banks and the government for some countries are making a conclusion without any further investigation, I don't think that it is a threat look at some country just like Japan wherein they are actually doing their best to spread bitcoin all over their country.

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May 20, 2018, 04:26:46 AM
 #63

This is still a question nowadays because not all country gives a go signal for bitcoin. They are taking a lot of things just to slow down the growth of this currency. If not eliminate the whole system. What can you say guys.

For me it is not because i believed that Bitcoin is a great help to an economy as long as they will regulate it so that it will not be use to ruin the economy of a certain country. Reducing unemployment in which it will result the purchasing power of the people to increase are already a huge help to make the economy to become strong and stable. In talking of banking system i believe that not all banks were threaten of Bitcoin existence because some banks are actually supporting Bitcoin currency like here in my country.

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May 20, 2018, 08:55:19 AM
 #64

Basically I think most countries are still in the verge of decision or consideration related to certain concerns / each. Some say., that there will be decisions most countries follow up on the presence of bitcoin or cryptocurrency, the decision on whether to support it or not. Well, it's all back to the time will answer that, because everything can't be ascertained related to many things that can affect it, which's can be changed the decision of most countries.
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May 20, 2018, 12:38:46 PM
 #65

It's not threat to the economy but only on banks. Their users are going to be divided and instead of people letting their funds getting taken care of by bankers, they are going to keep it themselves and provide their own security because of cryptocurrencies.

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May 21, 2018, 06:45:33 AM
 #66

BitCoin seems to be designed as a weapon aimed at destroying central banks and money-issuing banks, with Libertarian political agenda in mind-to undermine the country's ability to collect taxes and monitor the financial transactions of its citizens.

IMO,i think it is not typically the reason why bitcoin has made.Bitcoins purpose is not to destroy banks,maybe blockchain technology and etc. is the reason why the banks are being threatened and afraid of losing their revenues

Bitcoin is not a threat to the economy,infact it helps the economy into their financial matter.


Bitcoin was made primarily to eliminate the need for a peer-to-peer transaction between individuals. In other words, convenience revolves around the reason for its existence in the world today. Its technology surpasses any electronic payment currently as the blockchain technology introduced a revolutionary way for transactions between people. Economically speaking, bitcoin has supported individuals into earning alternative income due to various services being offered.
For example, under the marketplace many people seek for specific services/products and they use bitcoin as the payment for such. Instead of having to do labour which requires strenuous effort, cryptocurrencies in general eliminates the need for that. The money earned by individuals through cryptocurrencies circulates around the economy which makes the market liquid.

It's not threat to the economy but only on banks. Their users are going to be divided and instead of people letting their funds getting taken care of by bankers, they are going to keep it themselves and provide their own security because of cryptocurrencies.

Banks do consider bitcoin as a threat into the investment perspective and not more than that. Banks are also considered as business, wherein they earn income through various loans (provided by bills, notes, etc.) and they utilize their income in order to control the money supply in the society. Having bitcoin in the picture, people would rather invest their money into this aspect than into banks- which makes it a threat to their business.
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May 24, 2018, 12:43:34 PM
 #67

Yes it's a threat to economy and banks because if bitcoin enters in to the country it will dominate the local fiat. And there is no value for local currency. People forget to use local fiat when bitcoin enters in to the country. Due to these reasons banks and government are afraid to accept bitcoin. And the government has to face tax problem because there is notax for bitcoin. So people use obviously bitcoin instaed of local currency.

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May 24, 2018, 02:01:28 PM
 #68

Bitcoin is threatening for country economy.That's the reason some government declare illegal BTC.Also it's threat for Bankers they are thinking.But actually my thinking is very different with Bitcoin, it will be move towards the development.There is no scope for this to have a bad reaction.
if you know what the situation is when the price goes up and down the banker's game might be inside that join the big investors when they know the price will go up when the big volumes and the price can go down when the volume is reduced now the game of loss begins there by manipulating the volume for the price they can set.

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