Banks admit they fear BTC

[AIRDROPSQUAD]

Sooner or late, the banks will admit and realize this. The blockchain technology is the future of financial development. One of the biggest banks in my country already admits that. And they not shy to learn about the blockchain technology. I heard the project team of the bank will visit Ripple office to learn more about the Blockchain technology.

[1715345783]

1715345783

[1715345783]

1715345783

[1715345783]

1715345783

[1715345783]

1715345783

[slyfox]

This is true that banks are afraid of bitcoin because they thought that in the coming days many would prefer to invest in bitcoin , than putting their money in the banks with so little interests gain, while when they put their money in bitcoin it could get a big interests than saving their money in the banks.

They are not really afraid that investors are not going to put their money in their vaults, true investors never put their money in a bank for a long period of time since they know that is a losers move, what they are afraid is that bitcoin is adopted by everyone around the world and that their services are not required any more due to people becoming their own banks thanks to bitcoin.

[rysheeer]

Bitcoin is the real threat to Banks because they can't easily manipulate and control the price movements of bitcoin. They fear decentralization because most of them are corrupt and the root of all scams, they knew the advantages of bitcoin and the benefits of bitcoin to the future.

[muddy waters]

Our beloved gov guys prefer us to put our money in a bank account

That's the way it was over the past few centuries and such a reaction to bitcoin from the side of those fat bankers is natural.
Money as such always used to be the prerogative of the most powerful people but now with the development of the Internet the situation has changed and almost everybody can become rich.
So I wouldn't take all this propaganda to heart - we should just continue doing what we are doing - promoting bitcoin and cryptocurrencies in general.

[thecoder2017]

Bitcoin has its own strategy compared to banks thats why there's no need for the banks to be afraid off for the reason that people are already familiar doing their transactions through banks but who knows what gonna happen in the future.

[RokokGudangGaram]

correctly. because with the bitcoin in this world bank banks in the world must be afraid because bitcoin is the best place to invest, and what the bank is afraid of is the bitcoin customers who invest their money in the bank will be less because of the investment in bitcoin

[perfryan]

https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money^[1] with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).


Go crypto and HODL my friends.
They fear crypto because it can save us



---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---

The government and banks are fear in cryptocurrency.late last year  China,the country known as strictest capital in the world
Outlawing crypto currency,blocked citizens from trading ,crypto banning.

[minersday]

I dont think that banks are really scared about it.

Most banks want to use crypto resources in order to understand how it works, and to make money out of it, we all know that banks are only in here for one purpose; to have more money.

I think that, we can live together with banks and cryptos.

[trolltalk]

Yes Probably people choose to invest in crypto than save it in banks because if you're a long term holders definitely you will make a huge profit after a year but if you invest your money in banks after one year the profit you will gained is too small so many banks afraid in cryptocurrencies because their company will be bankrupt.

[Chrisjay29]

I agree !!. Many bank are fear about btc. Because if take a look if hold your money on a bank the increase of your money is only little amount. But if you hold you 100$ money on a bitcoin there will be possible that it will be 300$ dollar or more in a year

[spongegar]

Preach! Governments and banks fear crypto currencies because it's money from thin air! Banks fear it because ot means less will be investing on them and more on crypto currencies. Governments fear it because aside from banks controlling them, which they are, crypto currencies have no taxation laws yet aside from income taxes.

[maculeth]

they are afraid bitcoin users use it for illegal transactions, such as arms purchases, drugs to money laundering.

[iconicavs]

https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money^[1] with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).


Go crypto and HODL my friends.
They fear crypto because it can save us



---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---

these articles are really helpful and as i was scanning and casually trying to understand what are they saying, i could slowly understand your point. in short banks are afraid that bitcoin might be used for illegal purposes? that's how i can see it. we can't blame banks if they are being extra cautious with this because we are also cautious when it comes to our coins right? i just hope they trust bitcoin more that bitcoin will not harm anyone or be used as an abuse in any form

[19Nov16]

Yes of course banks admit with bitcoin, when everyone leaves the bank and chooses to make bitcoin to send money it will make the banks business threatened so they will ask the government to banned bitcoin.

[iconicavs]

Preach! Governments and banks fear crypto currencies because it's money from thin air! Banks fear it because ot means less will be investing on them and more on crypto currencies. Governments fear it because aside from banks controlling them, which they are, crypto currencies have no taxation laws yet aside from income taxes.

yes sir they are scared of losing clients. their clients would be aware and be wise and might choose bitcoin over them. but personally i think not everyone would do such, there are still people who trusts bank even more.

[xiwanfd]

There are two main reasons Banks and governments worry about cryptocurrency:

They can't control the cryptocurrency.

2. Cryptocurrencies are safer, cheaper and more private, and once the average person on the street is aware of this, it is less likely to stop the rise of cryptocurrencies.

[iconicavs]

Bitcoin is the real threat to Banks because they can't easily manipulate and control the price movements of bitcoin. They fear decentralization because most of them are corrupt and the root of all scams, they knew the advantages of bitcoin and the benefits of bitcoin to the future.

yes exactly. banks, they could be manipulated by the government and the people in high position but btc, the only people who can control them is the btc holders only as well. in banks, the contributor cannot do anything, only administators.

[Dart315]

Bitcoin is the real threat to Banks because they can't easily manipulate and control the price movements of bitcoin. They fear decentralization because most of them are corrupt and the root of all scams, they knew the advantages of bitcoin and the benefits of bitcoin to the future.

yes exactly. banks, they could be manipulated by the government and the people in high position but btc, the only people who can control them is the btc holders only as well. in banks, the contributor cannot do anything, only administators.

BTC has open transactions, so I believe we need a more secure and private coin to save ourselves from annoying banks.

[Rollkal]

Preach! Governments and banks fear crypto currencies because it's money from thin air! Banks fear it because ot means less will be investing on them and more on crypto currencies. Governments fear it because aside from banks controlling them, which they are, crypto currencies have no taxation laws yet aside from income taxes.

This is absolutely correct, they are afraid of the MOF because the MOF has attracted a lot of investors, they abandoned the bank to move to BTC business, and some organizations need capital to raise capital through the ICO program. Not paying attention to banking as before, perhaps in the future the bank will be frozen completely.

[setialovers]

Banks and government afraid on bitcoin because they can not control bitcoin. With decentraziled system, no one authorities can control bitcoin supply or bitcoin price. Its depending on market. Banks afraid because bitcoin or cryptocurrency can disrupting their bussiness.
With lower transaction fee and instant transfer around the world, bitcoin beat banks service