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Author Topic: Why Banks are attacking Bitcoin ?  (Read 1566 times)
Metall303
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August 21, 2018, 11:14:32 AM
 #341

Probably the general fear among banks regarding Bitcoin is that it completely destroys the need for intermediate transactions between financial institutions.

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August 22, 2018, 11:11:40 AM
 #342

Bitcoin technology, unlike banks, is decentralized, anonymous and uses a minimum transaction fee. Any person, regardless of status and financial position, can send money in any quantity to any part of the planet. Against bitcoins, war is waged not only by banks, but also by the government, as governments and banks work together.


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August 23, 2018, 03:29:55 AM
 #343

Bitcoin is a competitor to banks and their industries. But it is also clearly seen that the banks themselves do not want to kill bitcoin, I think they want to exist together but dominating the cryptocurrency.
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August 23, 2018, 11:04:33 AM
 #344

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
 #345

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
 #346

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
 #347

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
 #348

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 23, 2018, 06:09:45 PM
 #349

there are many reason for it but the main reason is "proof"
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August 24, 2018, 02:47:17 AM
 #350

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
 #351

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
Merited by rchstr (5)
 #352

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
 #353

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
 #354

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 24, 2018, 03:58:48 PM
 #355

Banks are worried will lose the ability to control the economy. Because the ability to handle the money that flows between central banks and the economy is at the core of the banking business and the very existence in the monetary economy.

A Bitcoin economy, for instance, can promulgate peer to peer lending that substitutes traditional lending, where banks collect the “interest rate spread,” the difference between the interest rate they charge depositors and the rate they charge borrowers.
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August 25, 2018, 11:54:07 AM
 #356

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
 #357

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
 #358

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
 #359

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
 #360

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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