Is bitcoin a theat to economy and bankers as will

[Suharti12]

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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[Mamoot]

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

[Ridwan Fauzi]

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.

[1Referee]

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.

[Binugon]

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.

[veleten]

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

[Snaic]

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.

[Aikidoka]

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.

[BTCeminjas]

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.

[richardsNY]

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.

[NavishaKhairin]

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

[Tigorss]

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.

[DeadCoin]

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.

[Magic Sarap]

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.

[tambok]

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.

[Eleven86]

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.

[KrishaBitcoin]

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.

[cryptorocket84]

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.

[goaldigger]

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.

[thecoder2017]

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.