Banks admit they fear BTC

[jcarlo]

That really doesn't come as a surprise to me, and I just wonder why they actually admitted that. Not that I really care, because I take a critic approach on every try of news I read, either being positive or negative news. Everyone knows that cryto is a highly speculative market, and that news play a huge role on it's price movements, so its easy to try to perform price manipulation when you know you can reach to a huge number of people.

Maybe banks admit it because they want to enter on cryptocurrency market and adopting crypto to their system. If banks admitted they entering on crypto market, indeed it will make price movement very high fluctuation because banks will bring a lot money in market

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[btc78]

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 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 on 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

That's a lot of good read articles thanks. Besides that, they also want to harness the blockchain tech for their use but they don't want a decentralized one. The real reason why banks and government(most of them) hate Bitcoin is not just because of the reason you stated OP, but because they cannot control our money that way and using it is bad for them because of blockchain's transparency that will make it harder for corrupt ones to steal on people's money.

Bur banks now are strting to adapt blockchain technology to their technology since they know what troubles they are facing if they continue to deny the effect of cryptocurrency to their companies,crypto is dominating the banking system and leaves them no choice but to embrace block chain and all the technology behind this virtual coins

[deppil]

That really doesn't come as a surprise to me, and I just wonder why they actually admitted that. Not that I really care, because I take a critic approach on every try of news I read, either being positive or negative news. Everyone knows that cryto is a highly speculative market, and that news play a huge role on it's price movements, so its easy to try to perform price manipulation when you know you can reach to a huge number of people.

Maybe banks admit it because they want to enter on cryptocurrency market and adopting crypto to their system. If banks admitted they entering on crypto market, indeed it will make price movement very high fluctuation because banks will bring a lot money in market

Actually the hope of bitcoin users is this. where banks can collaborate with crypto. banks adopt bitcoin. and users can easily deposit
or withdraw to bitcoin. of course that can be beneficial for both right? I hope that can happen in the next few years

[yitzjoe]

The cryto community will continue to be burdened by this problem, where many world governments are reluctant to accept the crypto principle of decentralization, they still want to regulate everything and be protected by regulations that benefit them but not for society. only people who want to learn crypto will understand and benefit from the crypto

[Argoo]

Yes, because BTC is always a risk to break down the business of the banking sector, today the growth rate of the cryptographic market is increasing rapidly as rushing, which may occupy the entire financial market on world

Governments and banks are afraid of the unregulated nature of decentralized crypto currency. The economy of each state is planned, without planning it is difficult to develop it. Decentralized crypto currency with its chaos can break this delicate mechanism. In addition, such a crypto currency is not beneficial to banks and the government. She gives them nothing, except for problems. Decentralized crypto currency is very much needed only for citizens, so people should influence their governments and force them to pass appropriate laws on the introduction of crypto currency as a means of payment in parallel with national paper money.

[Kusnechik]

Banks are afraid of implementing blockchain, but it will help organize the workflow in their organizations and cut costs.

[SirLancelot]

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
---

I don’t know for sure, but I think banks can end Bitcoin. And if you ask me how they are going to do that, I think it’s by protesting with claims that Bitcoin is ruining everything they have ever worked on, then you will see the government interfering in the matter.

And when government decides to stop, they can do that at once. The only reason why Bitcoin is still being used is because there are countries where it is being allowed. So don’t say that banks are afraid of Bitcoin, they are not.

[longrhm0]

i'm simply hoping that it might be a awaken name for banks that they ought to see how a whole lot people are hunger for a super investment that they did now not give to investors/depositors. wish they could locate manner for them to take into account bitcoin in their gadget.

[Lexurdania]

Banks should be afraid on bitcoin. With bitcoin, peoples can open wallet easily and having bitcoin wallet is like opening banks account. With bitcoin wallet, we can make transaction with others peoples in the world without using third party like banks and we can save a lot cost for transfering our bitcoin. Its much cheaper than banks fee

[georgiasus]

Absolutely agree! I believe that the banking system and, in general, the entire economic system as a whole has already outlived itself. As much as it would be desirable that people would not yield to the provocation of the media. I still hope that banks will fall in this fight.

[Motokonomo]

They are really afraid of Bitcoin because they know Bitcoin will be extremely development in the future but they can not extinguish it because of its anonymity.

[drm]

I think banks will soon come up with a mechanism for lending individuals crypto-coins. That is, They will issue bitcoins, and we will pay for them with Fiat money. On the one hand, this is a good opportunity for us to buy bitcoin in installments, but we will have to pay more % and Commission. This segment will remain for the banks.

Anything that makes it easier for the people to buy and hold bitcoin will be a big step towards worldwide adoption.

[Ayaah]

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
---

As the technology is moving forward,  there is a higher possibility of changes and this will include the systems in banks. But maybe also then is a possibility that banks will be less likely for the people to transact with.

[jaysabi]

Absolutely agree! I believe that the banking system and, in general, the entire economic system as a whole has already outlived itself. As much as it would be desirable that people would not yield to the provocation of the media. I still hope that banks will fall in this fight.

Outlived itself how? The economy is a result of the banking system we have. Credit is the essential ingredient that grows the economy. The economic system hasn't outlived itself. Prosperity is what creates peace. The world wars were both caused by economic tensions that were used to exacerbate nationalist tendencies. The EU is largely an effort to foster cooperation and create aligned economic interests as a means of avoiding nationalism, which is now failing in the face of growing riftwing extremism. The current economic system is out best hope for continued stability. The notion it has outlived itself is silly.

[BitSat]

Bitcoin has gained a lot of popularity in the last few months and it is becoming a strong competition for Banks. People are now investing their money in Bitcoin instead of saving it in banks. This is because investing in Bitcoin provide them more profit than the increment they get monthly or annually by saving their money in banks. People can now keep an eye on their money and no sort of interference is there by any third party such as banks. People can now deposit or withdraw at any time without any sort of paper work.

[DOH!]

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
---

As the technology is moving forward,  there is a higher possibility of changes and this will include the systems in banks. But maybe also then is a possibility that banks will be less likely for the people to transact with.

I think the future of banks should adopt blockchain technology and the advantages of Bitcoin to change management thinking and bank payments. I believe it will grow stronger and be more successful today.

[jaysabi]

Bitcoin has gained a lot of popularity in the last few months and it is becoming a strong competition for Banks. People are now investing their money in Bitcoin instead of saving it in banks. This is because investing in Bitcoin provide them more profit than the increment they get monthly or annually by saving their money in banks. People can now keep an eye on their money and no sort of interference is there by any third party such as banks. People can now deposit or withdraw at any time without any sort of paper work.

It's not becoming a competition for banks. In the last 8 months, enthusiasm for Bitcoin has been falling along with the price. At its height last December, you couldn't say it was becoming a competitor for banks because NO ONE is using it as such. This pipe dream that BTC is going to overthrow the banks needs to die, because it's directly related to the irrationality of the price in the markets.

[DiabolicAnt]

Of course they do, it's a whole new system that surpasses them and it's not even for their benefit. Bank system is totally different, it'd hard for them to adapt.

[7Dyoknga5]

Banks gets their income from client's money, and this won't be suprising specially if the government is there to back them up.

The government and banks might have seen crypto's potential that some of us might not yet and they're now doing anything to stop it.

Let's wait and see what crypto would be in a few years.

[Rrtt]

Of course they do, it's a whole new system that surpasses them and it's not even for their benefit. Bank system is totally different, it'd hard for them to adapt.

Banking system is different from crypto, they lend our money with almost nothing in return and we are not even sure if we could that money again in the future if we need it. In crypto, we have full control of our asset and we could spend whenever we want. For sure banks are afraid of it because their income depend on the transactions that people made with them so if no transaction means no income for them.