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Author Topic: Why Banks are attacking Bitcoin ?  (Read 2865 times)
Danilotot
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August 23, 2018, 11:04:33 AM
 #341

I know the bank is one of those who do not like cryptocurrency like bitcoin, because it's their rivalry when it comes to currency exchange. but I think the banks can not stop the crypto because it's stronger.

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August 23, 2018, 01:47:30 PM
 #342

Among the main advantages of crypto currency compared to banks is the lack of the need to provide identity documents for the opening of the Bitcoin-purse.
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August 23, 2018, 04:25:32 PM
 #343

Banks will always slander bitcoin and other decentralized crypto currency, since such a crypto currency takes away part of their clients from bankers, and with them part of their profits. Especially a lot of negative information regarding the crypto currency banks will be issued before the legalization of the crypto currency by the states. After the legalization of the special meaning, this will not be done, since it will already be under the protection of the state.

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August 23, 2018, 05:35:35 PM
 #344

Banks are extremely conservative institutions, but bitcoin - rather the contrary, is in free float.
Banks are used to controlling and passing all financial flows through themselves and most importantly, that all banks are inherently linked to the state bank.
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August 23, 2018, 06:07:29 PM
 #345

Simply put, Banks want to destroy Bitcoin before Bitcoin destroys them because Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of governments and banks. That’s why they want to limit this potential by attacking the very premise and the valuation of Bitcoin.
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August 24, 2018, 02:47:17 AM
 #346

Some of your arguments of why the banks are attacking Bitcoin are true but not all the banks are against the Bitcoin existence specially in the countries that Bitcoin is declared legal. In fact here in my country that even do Bitcoin is not legal but not ban, many banks are already in partnership with our local exchanges in which we could use their withdrawal facilities from Bitcoin earnings. So i guess this attacking issue will be limited only to those countries that are against Bitcoin existence.

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August 24, 2018, 03:23:33 AM
 #347

The main reason (why banks don't like btc and other cryptos) is the loss of profits.
Transactions made via blockchain kills transactions made via banks.

But the topic is essential! It should be upped!
of course banks do not like bitcoin and even attack bitcoin, banks around the world can go bankrupt in total if bitcoin currencies dominate the world, we see many conveniences offered by cryptocurrency, the process is not complicated there is no barrier between countries, and its secrecy is guaranteed and surely it can't be regulated or controlled by any country, that's what all banks in the world are worried about and of course the bank doesn't want to lose their money tree.
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August 24, 2018, 04:04:38 AM
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 #348

Bitcoin is a big threat for banks and so thus governments, its a tough competition for them if bitcoin is widely use and for now they do propaganda and negative issues that makes bitcoin as a negative thing, in that case they use media all over the world to brainwash the minds of people. Banks and other governments are preventing the spread of cryptocurrency worldwide.

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August 24, 2018, 07:30:56 AM
 #349

Banks work for themselves and their profits.  If bitcoin comes into play, he can push banks off their site and they do not like it, so they drive them away.
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August 24, 2018, 01:15:45 PM
 #350

Because of the currencies field we know that the crypto has not been long since the bank has used the currency. because now the crypto has entered the currency like coins btc, eth, dent, tron, some of which are in cryptocurrency so the basins will be empty. that they will beat the crypto. so there they are wishing that one day they will disappear in the currency field. so another bank makes the bitcoin a partnership. it's like that.

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August 25, 2018, 11:54:07 AM
 #351

Banks work for themselves and their profits.  If bitcoin comes into play, he can push banks off their site and they do not like it, so they drive them away.
Bitcoin could be used in the same ways like cash now, that is why it could be so hard for banks to get the same level of income when people will move their savings and probably wages to crypto.

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August 27, 2018, 08:25:35 AM
 #352

If banks begin to work with bitcoin, they will not start to receive less profit, and this is not profitable for them. Banks are led by people who want to increase their capital and they are absolutely indifferent to comfort for ordinary people.

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August 27, 2018, 03:09:41 PM
 #353

because now the crypto has entered the currency like coins btc. its a tough competition for them if bitcoin is widely use and for now they do propaganda and negative issues
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August 28, 2018, 08:05:20 AM
 #354

Crypto currency is not only reliable, fast, anonymous and transparent, but also does not obey any central authority. Thus, there is no reason why the state or banks should not be afraid of crypto-currency.
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August 28, 2018, 12:04:12 PM
 #355

Recently, the growing confrontation between traditional financial institutions and crypto-economy has become increasingly evident. Thus, the world's largest banks glorify laudatory odes to the blockade and its opportunities for transforming the financial market, while severely criticizing bitcoin and other digital currencies for their "insecurity," "high-risk," volatility, "excessive anonymity," etc.
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August 29, 2018, 09:43:41 AM
 #356

The modern financial system was formed over the centuries, developing new rules, laws and requirements, but with the advent of the crypto currency its stability and the degree of confidence on the part of consumers was somewhat shaken.

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August 29, 2018, 03:37:38 PM
 #357

Banks have different approach when it comes to cryptocurrencies but most of them doesn't like bitcoin as they were kept saying that bitcoin is somewhat a ponzi scheme and can manipulate the price by those big waves, but some country/central banks sees this as an opportunity to lessen the transactions in bank each day.
(i just want to say that they are afraid.
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August 29, 2018, 03:41:09 PM
 #358

I know the bank is one of those who do not like cryptocurrency like bitcoin, because it's their rivalry when it comes to currency exchange. but I think the banks can not stop the crypto because it's stronger.
First I don't think there is a competition between bitcoin and banks, after all they can work together to accept bitcoin as a deposit
option and withdraw right? and I don't see any bank attacks on bitcoin or cryptocurrency in my country..

Danilotot
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August 31, 2018, 02:30:53 AM
 #359

because the bank does not want the crypto money management method, and this bitcoin is one that reduces the currencies that the bank should make. Bitcoin is one of the obstacles to the banks of the country and it will also take on them once in the day.

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August 31, 2018, 04:36:27 PM
 #360

Because they are afraid of competition and crush the weak link.
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