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Author Topic: Why Banks are attacking Bitcoin ?  (Read 1718 times)
ajoygb
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April 13, 2018, 03:21:40 PM
 #181

Bitcoin, the “ people's currency,” has the potential to become a new currency, free of the control of big governments and big banks. Banks don't like bitcoin because it is a threat to their business. They are seeing it as competition to their business because the more people who would used it the more their business go down.
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April 13, 2018, 07:27:34 PM
 #182

Bitcoin, the “ people's currency,” has the potential to become a new currency, free of the control of big governments and big banks. Banks don't like bitcoin because it is a threat to their business. They are seeing it as competition to their business because the more people who would used it the more their business go down.
But for now, banks are getting stable and it seems that they are making a consideration to having a cryptocurrency, they know that no matter what negative news they will gonna spread, no matter how much they will tell people that it is risky they will never stop people to have it.

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April 14, 2018, 06:07:17 AM
 #183

Bitcoin, the “ people's currency,” has the potential to become a new currency, free of the control of big governments and big banks. Banks don't like bitcoin because it is a threat to their business. They are seeing it as competition to their business because the more people who would used it the more their business go down.
But for now, banks are getting stable and it seems that they are making a consideration to having a cryptocurrency, they know that no matter what negative news they will gonna spread, no matter how much they will tell people that it is risky they will never stop people to have it.
Banks are still hitting bitcoin by making some noise in social media and all over the internet, as they don't want to have bitcoin in their life, so for me, it is fine because I don't see people taking those negative feedback in a negative way, in fact they are still in touched more in bitcoin now.

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April 15, 2018, 07:03:18 AM
 #184

Perhaps a few years back or now cryptocurrencies have had a major impact on the global financial economy then the Central Bank in many countries feels threatened, even now bitcoins attack bank control because of the movements in the amount of money that keeps circulating and makes the central bank in the world start to get hot
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April 15, 2018, 07:31:24 AM
 #185

Banks have their own purposes, I think, banks want bitcoin, they know what bitcoin will be in the future. Banks know that crypto can be one of their problem. Bitcoins can compete to banks, eventually, banks have their own interest rates, but the interest of it is so small. Instead investing to banks, invest your money to bitcoin, and see what will be your future

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April 15, 2018, 06:16:47 PM
 #186

Banks are attacking bitcoin and crypto-currency market because bitcoin opposing the money transfer by means of banks.And in future , maybe there is no need any banks.

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April 15, 2018, 06:26:39 PM
 #187

Crypto currency for banks is a strong and worthy opponent in the field of financial relations. Banks have always enjoyed the support of the state, since they are practically an integral part of it. Therefore, until now, real banks have not had any real competitors. Crypto currency is a strong competitor for banks, and due to the fact that it is decentralized, banks can not pressure the crypto currency by an administrative method, as they used to do earlier. Considering that many people stopped using the services of banks and the same operations began to be carried out independently in the crypto currency without the participation of banks, banks began to lose their profits. Banks have nothing to do either to compromise the crypto currency or by warning that it is a very risky investment of funds, or to organize the appearance of false negative information about the crypto currency in the media, as it was recently observed with one of the banks in Poland.

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April 15, 2018, 08:06:54 PM
 #188

Looks like they were just trying to slow down adoption while filing patents and developing applications. You didn't expect them to be like sitting ducks while the world moves on with crypto, did you?

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April 16, 2018, 07:56:09 AM
 #189

I really like the last reason why banks are attacking bitcoin. We want to show the banks that we don't really like how they operate and use our money and that's why we shifted our interest to bitcoin.

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April 16, 2018, 09:09:40 PM
 #190

The reason banks are attacking on bitcoin is because they are not getting as much profits as they use to make when bitcoin was not popular as people are now shifting there money into bitcoin and they can transfer there money all over the world with very low transaction fee as banks used to charge high fee to broadcast there payments, hence banks are going in loss.
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April 16, 2018, 10:12:06 PM
 #191

What if the bank is not actually against bitcoin but they are actually the family of the whales helping each other to dump the price of bitcoin to own it. What if they are just using the advantages of bitcoin and the disadvantages of a bank to convince the community that they are against with it but behind their motives is to gather bitcoin as much as they can after spreading FUD and then pump it to earn big.
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April 18, 2018, 06:00:00 PM
 #192

Banks attack the crypto currency because they see it as a competitor, which can simply displace them from this business!
And if this happens, the money (which we all know) will turn into ordinary pieces of paper and will begin to depreciate (with rublem it just happens)!
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April 19, 2018, 05:13:21 PM
 #193

Banks attack the crypto currency because they see it as a competitor, which can simply displace them from this business!
And if this happens, the money (which we all know) will turn into ordinary pieces of paper and will begin to depreciate (with rublem it just happens)!
They are just  attacking bitcoin because they are just concern with the citizen of the country, and with their company, if a certain person finds it more profitable to invest in bitcoin so tendency is that they will going  to switch their investment with it.
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April 20, 2018, 09:39:34 AM
 #194

Banks attack the crypto currency because they see it as a competitor, which can simply displace them from this business!
And if this happens, the money (which we all know) will turn into ordinary pieces of paper and will begin to depreciate (with rublem it just happens)!
They are just  attacking bitcoin because they are just concern with the citizen of the country, and with their company, if a certain person finds it more profitable to invest in bitcoin so tendency is that they will going  to switch their investment with it.
Because first of all banking system and crypto currency is in contrast  with  its other because banking system is managed by few individual that  uses your money to their profits they giving assurance to their depositors small amount of interest and also small amount of insurance policies in case of bankruptcy. While bitcoin and the cryptocurrency currency no body control it except you and the technology.

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April 22, 2018, 09:15:49 AM
 #195

because bitcoin began to threaten the banking system, because bitcoin has contributed greatly to the global technology world. Bitcoin attacks bank control because of the movements in the amount of money that continues to circulate. Bitcoin is growing rapidly and can soon stand with financial assets like gold, and this can not be ignored.


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CryptoDyud
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April 23, 2018, 01:06:36 PM
 #196

I would like to make it very short and simple. Bankers are the rulers of the world. They control almost everything in the world. So, everything is very centralised but BTC is a decentralised money and has no one to control it, they are afraid of BTC destroying their control being and manipulations being destroyed.
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April 23, 2018, 02:51:42 PM
 #197


Bitcoin has the potential to become the new currency, owned by the people, not subject to any control by the government or major banks. That is why both the government and the bank want to limit the potential of this currency.
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April 25, 2018, 11:16:27 AM
 #198

If I were a bank, I would not want Bitcoin to develop.it is normal. because it disturbs me if it is a power other than control..
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April 25, 2018, 03:30:55 PM
 #199

Banks attack the crypto currency because they see it as a competitor, which can simply displace them from this business!
And if this happens, the money (which we all know) will turn into ordinary pieces of paper and will begin to depreciate (with rublem it just happens)!
They are just  attacking bitcoin because they are just concern with the citizen of the country, and with their company, if a certain person finds it more profitable to invest in bitcoin so tendency is that they will going  to switch their investment with it.
Because first of all banking system and crypto currency is in contrast  with  its other because banking system is managed by few individual that  uses your money to their profits they giving assurance to their depositors small amount of interest and also small amount of insurance policies in case of bankruptcy. While bitcoin and the cryptocurrency currency no body control it except you and the technology.

additionally,Governments regulate traditional banks in various ways,For example minimum reserve requirements or money management methods that banks can use, and what about exchanges, bitcoin exchanges(or holders/consumers) are not regulated as banks or another financial sectors are,so when we hold bitcoin its more comfortable,why? because of,for example 'proof of reserve'.despite the facts,there are another moments,that I have already mentioned in my previous post,In particular,Now banks are starting to use cryptocurrencies and especially bitcoin for their business purposes,They know how profitable it is,therefore they are creating their own exchanges and crypto wallets on consumers account,Which I think is not as 'cool as it seems.

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April 25, 2018, 06:30:25 PM
 #200

The main profit of banks is huge fees, including fees for transfers. In the blockchain system, these commissions are minimized. On the other hand, bitcoin is an excellent investment opportunity and banks also see it as a threat to their products, such as deposits.

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