Banks admit they fear BTC

[amih]

It is true that some negative news about bitcoin today is very often publicized, even many big banks have been bitterly opposed to bitcoin because they fear that bitcoin will radically interfere with their business model and for other reasons why they reject it against bitcoin. But in reality, the banks have seen blockhaind technology for a breakthrough in the banking system but will eliminate the decentralized system that has become the foundation of bitcoin. This of course there will be bank control and eliminate the existing transparency system and also the bitcoin.

[tprabash]

I dont know why banks a not using bitcoin but bitcoin is a good exchange

[gorodi]

Banks really fear Bitcoin. Only one example: central Bank in Poland with some other finance institution organized campaign to discredit Bitcoin and cryptocurrencies. It was done through Youtube recently.

[Mystica101]

You got the point there and I guess this is the main reason why the government banks and corrupt officials in my country spreading a complete awareness through television news that it is not a good idea to invest in digital currencies for their reason that it is risky and no assurance of return of investments but some people who know alot about bitcoin doesn't listen to these lies but rather they just continue to support bitcoin. Greedy and dirty politicians just wanted all for themselves they simply doesn't care for the less fortunate people to get over from poverty.

[Minnie1928]

Banks really fear Bitcoin. Only one example: central Bank in Poland with some other finance institution organized campaign to discredit Bitcoin and cryptocurrencies. It was done through Youtube recently.

If all the investors would pull the money from the banks and made the investment into cryptocurrencies banks would be broken.
If all other people which have never invested would do the same banks would fall.
Government is fearing of the consequences from the losing all the money we are actually lending them because the only system to get the payment from the regular job is through the bank.
The future is unpredctable and I doubt that the banks will fall but they cannot discredit the cryptocurrencies anymore because more and more people are realizing the true intentions behind government masks and delusions.

[DaftAjax]

I dont know why banks a not using bitcoin but bitcoin is a good exchange

I found an article entitled: Central banks could hold bitcoin and ether for the first time in 2018, cryptocurrency CEO says

According to the article soon they will start on using Cryptocurrency. The goverment might not get the full grasp of cryptos, they have other ways, that is by regulations. An excerpt from the article: 
"I think this year will be the first year we start to see central banks start to hold digital currencies as part of their balance sheet," Peter Smith, CEO of Blockchain, told CNBC.

Banks really fear Bitcoin. Only one example: central Bank in Poland with some other finance institution organized campaign to discredit Bitcoin and cryptocurrencies. It was done through Youtube recently.

Well, some countries will do some counter measure in order for them to protect their economic growth (GDP). They needed it to improve the country itself, and by that they need taxes and other ways. But since cryptocurrencies are decentralized, they don't have the power to take control, so their solution is to regulate OR worse ban for good.

[Rosscy]

It is true that some negative news about bitcoin today is very often publicized, even many big banks have been bitterly opposed to bitcoin because they fear that bitcoin will radically interfere with their business model and for other reasons why they reject it against bitcoin. But in reality, the banks have seen blockhaind technology for a breakthrough in the banking system but will eliminate the decentralized system that has become the foundation of bitcoin. This of course there will be bank control and eliminate the existing transparency system and also the bitcoin.

All is about competition. If we look back, the competition between banks itself has often happened, even the WesternUnion option with money transfer service around the world faster than the bank transfer is certainly also a threat to the Bank. Crypto currencies, which can send money in the form of crypto in minutes and very low cost like dogecoin, stellar, etc. and can be converted to local money in some online exchanges. This certainly adds to the panic of banks that the choice of modern technology certainly threatens their stability.

[jaysabi]

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.

Gotta stop ya right here for what is obviously unsubstantiated nonsense. Banks and governments don't want people in poverty or slavery. You have to live in a fantasy world to believe that. It's well established that everyone makes more money when everyone participates more fully in the economy. The more consumers there are buying goods and services, the more financial products they demand (good for banks) and the more taxes they pay (good for governments). This "I want to believe in every conspiracy theory against crypto" garbage that people go out of their way to peddle on these boards is getting out of control.

[kimochidesh]

Obviously, Bank has to fear from BITCOIN as BTC can end Bank's career in upcoming years. BTC can be used an alternative mode of payment which can make people shift from centralized to decentralized payment mode.

[queenhallmark]

Everybody fears for one thing they can not management, same with govt and banks, since cryptanalytic cash is decentralised, they can not simply management the web market, but this issue is running since the day bitcoin snatches the thought of voters, this affirmation nailed it. In spite of the actual fact that it's evident and as of currently anticipated that may happen. Govt and banks area unit to boot receiving, and actually into handicapping the market. In any case, bitcoin is path before of them.

[bagsladderg]

Nice to hear that they admit their weakness

[untidyaudi4]

Yes it is not the issue to be astonished on. its simple that btcs has ended the tax income of the banks

[Sithara007]

Banks really fear Bitcoin. Only one example: central Bank in Poland with some other finance institution organized campaign to discredit Bitcoin and cryptocurrencies. It was done through Youtube recently.

This has been going on for many years now. Negative propaganda against Bitcoin by the banks is not something new. It was going on even in 2013. But the case of Poland is surprising, because some of the banks there used to issue debit cards which can be loaded with Bitcoins.

[slyfox]

Banks should be afraid of crypto.because in the future they will be crying for this community to keep them alive..now they've got to go down to our level to get new clients.thats why in our region fees for open accounts for the bank goes very lower,from 200$ tp 20$ now

Even if bitcoin did not existed banks are in a crisis it is getting harder for them to get customers because there are a lot more businesses offering similar banking products some people are realizing that they do not really need banks, in my country is not rare for supermarkets to offer you their own debit and credit cards and many prefer to use them because they trust more in them than in banks.

[dioanna]

Blockchain will change the world, decentralized payment system will be greatly accepted
 by user whose number is incomparable to those with centralized power

[Semosuchi Tesongrato]

It's obvious that  banks are afraid of the bitcoin: why do you think they have made this campaign against the crypto if not for fear of losing their power?
But the power of the banks is so great that I wait to sing victory.

[Ann Impas]

Bitcoin or Cryptocurrency in general can liberate us from the deep hook of banks. Banks is manipulating the financial system of the world. Now, in Crypto currency world, it was given to the people. It is a fact nowadays that people will have a voice with the digital money and not just the banking system. Good luck to us.

[bitcub]

Thanks for the nice info OP.  I also believe theres a huge group people behind this FUD,  fake news, hack news etc. They can be a group of bank owners or the big people of wallstreet. 
No matter how rich they are, we can defeat them or make them liquidate if we will all turn bullish.

[joinfree]

It seems that you do not understand how it works, most people in here thinks that banks are afraid of it. But that is not the truth.

if they would really be afraid of it, bitcoin wouldn't be in here anymore, that is easy to understand.

Bitcoin or Cryptocurrency in general can liberate us from the deep hook of banks. Banks is manipulating the financial system of the world. Now, in Crypto currency world, it was given to the people. It is a fact nowadays that people will have a voice with the digital money and not just the banking system. Good luck to us.

[Vendetta666]

Banks neglected Bitcoin & Blockchain innovation for a while; now they are starting to awake all of a sudden.

As the time shows, this won't change the history of their inevitable collapse.

Someday they realize the good effect of bitcoin to us, they see that bitcoin can change our life in a good way. I hope our government will legalize the cryptocurrency and study it very well.