Banks admit they fear BTC

[sana54210]

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
---

Thank you, men, it is a really good help me this article really makes me understand why bank fear bitcoin we already know that bitcoin has a good advantage to us like the sending of international payment it is so fast and cheap, we can choose our fees, we can also project our identity, we can control our money and especially mobile payments in an easy way that bank thus not have. 

Brother it is just about the finances. When banks saw that people are more likely to go for bitcoins against them in transactions for internationally or nationally, they start making bad impact of bitcoins and start spreading them all over the world. They know that there will be a time when people will leave banks and prefer bitcoins to sell their things and buying and all other chores of life.

[1714919725]

1714919725

[1714919725]

1714919725

[1714919725]

1714919725

[vasilvas15]

Bitcoin and crypto currency, this is really a competition to the banking system. Therefore, banks do not want to have such competitors, since the crypto currency replaces the entire banking system, and banks become unnecessary, such as: take and put the fifth wheel in the car.

[nikola22]

The banks will no doubt protect their own interests first and not let open competition get the better of them.

of course they will protect their interest because people choose bitcoin for transfering money and investing and banks are losing their comission fees and fiat money for deposits.

[Dart315]

In my opinion there's no way bank fears about bitcoin because banks are already established and people are using banks as a way of their transactions since bank are made but maybe they have a little fear because Bitcoin is very strong right now that people are already using it because it is accessible anywhere and also easy to use.

Do you really think that if they did not fear bitcoin they will try to pass regulations against bitcoin? They are afraid because bitcoin allows you to be your own bank, and you can do everything that you can do with banks with your bitcoin and even more and you can do it without paying them fees for everything, while people complain about the transaction fees of bitcoin they forget that banks charge you for everything they charge you just to have an account with them.

They fear bitcoin. Also Many big bois-giants like Google, Amazon etc are building their blockchain projects. That's why Google is banning rivals, not scams. But I expect some of ICOs will strike back and capture the market.

[Rexha]

In my opinion there's no way bank fears about bitcoin because banks are already established and people are using banks as a way of their transactions since bank are made but maybe they have a little fear because Bitcoin is very strong right now that people are already using it because it is accessible anywhere and also easy to use.

Do you really think that if they did not fear bitcoin they will try to pass regulations against bitcoin? They are afraid because bitcoin allows you to be your own bank, and you can do everything that you can do with banks with your bitcoin and even more and you can do it without paying them fees for everything, while people complain about the transaction fees of bitcoin they forget that banks charge you for everything they charge you just to have an account with them.

They fear bitcoin. Also Many big bois-giants like Google, Amazon etc are building their blockchain projects. That's why Google is banning rivals, not scams. But I expect some of ICOs will strike back and capture the market.

Sure thing. Sooner or later one of such ICOs will replace Google IMO. I'm hardly following Bitclave, for example. Their team is sure that personal data matters, unlike Google. Maybe once we'll get such a platform where people could share their data without being scared if it will leak somewhere.

[jlong187]

For me it seems the real danger for banks from cryptocurrencies will be not soon. Becouse we still did not have many possibilities to spend it out of internet.

[tumokatok]

At least they admit they're really afraid of the blockchain technology that's is really a threat to them in the future. Consider an ordinary person doing big transaction in the blockchain and that's pure money with no bank charge at all.

In this case, banks do not want to lose their income and find ways to boom more than bitcoin. Maybe a competitive bank is bitcoin because the market is still growing. It is true that banks may be afraid of bitcoin because they know that bitcoin cryptocurrency has the greatest value of its own price apart from the ongoing bitcoin and still continues.

[Koadharber]

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
---

Thank you, men, it is a really good help me this article really makes me understand why bank fear bitcoin we already know that bitcoin has a good advantage to us like the sending of international payment it is so fast and cheap, we can choose our fees, we can also project our identity, we can control our money and especially mobile payments in an easy way that bank thus not have. 

Brother it is just about the finances. When banks saw that people are more likely to go for bitcoins against them in transactions for internationally or nationally, they start making bad impact of bitcoins and start spreading them all over the world. They know that there will be a time when people will leave banks and prefer bitcoins to sell their things and buying and all other chores of life.

That if bitcoin adoption is already being accepted rampantly or worldwide which it do comes to a point on where you are already able to purchase goods and other things by using bitcoin if not then it would just still remain and banks wont really be worried too much. The thing that they do scared of is when they do saw adoption by means of merchants and other services that do accept bitcoin.

[Dart315]

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
---

Thank you, men, it is a really good help me this article really makes me understand why bank fear bitcoin we already know that bitcoin has a good advantage to us like the sending of international payment it is so fast and cheap, we can choose our fees, we can also project our identity, we can control our money and especially mobile payments in an easy way that bank thus not have. 

Brother it is just about the finances. When banks saw that people are more likely to go for bitcoins against them in transactions for internationally or nationally, they start making bad impact of bitcoins and start spreading them all over the world. They know that there will be a time when people will leave banks and prefer bitcoins to sell their things and buying and all other chores of life.

That if bitcoin adoption is already being accepted rampantly or worldwide which it do comes to a point on where you are already able to purchase goods and other things by using bitcoin if not then it would just still remain and banks wont really be worried too much. The thing that they do scared of is when they do saw adoption by means of merchants and other services that do accept bitcoin.

When do you think we will see the mass adoption of BTC?

[zhekinsp]

At least they admit they're really afraid of the blockchain technology that's is really a threat to them in the future. Consider an ordinary person doing big transaction in the blockchain and that's pure money with no bank charge at all.

In this case, banks do not want to lose their income and find ways to boom more than bitcoin. Maybe a competitive bank is bitcoin because the market is still growing. It is true that banks may be afraid of bitcoin because they know that bitcoin cryptocurrency has the greatest value of its own price apart from the ongoing bitcoin and still continues.

The success will not be that much easy for anyone or anything,if someone want to win they need to overcome all the difficulties.In this case the banks are the main enemies to the bitcoin so they never make the growth easier for bitcoin.But still we are in early stage of adoption and bank is a big grown enemy so they will make all their effort to crush the growth of bitcoin but it is a decentralized technology so no one can completely manipulqate the prices so that will be the advantage of bitcoin.

[Daveeoff]

Of course they do. Why do you think these bankers only say that Bitcoin is a bad investment and are pushing the price down and are banning BTC related payments?

[zarados]

there are still many aspects that can be done by banking to face this era of cryptocurrency. Among other things is the function of retail and microloans that can support businesses such as mining bitcoin and so on. Rather than being afraid of technological developments that we cannot be dammed, it's a good idea to use it as a new land for them.

[bitllionaire]

At least they admit they're really afraid of the blockchain technology that's is really a threat to them in the future. Consider an ordinary person doing big transaction in the blockchain and that's pure money with no bank charge at all.

In this case, banks do not want to lose their income and find ways to boom more than bitcoin. Maybe a competitive bank is bitcoin because the market is still growing. It is true that banks may be afraid of bitcoin because they know that bitcoin cryptocurrency has the greatest value of its own price apart from the ongoing bitcoin and still continues.

Yes no one will like their business in lost. They know that increasing trend of bitcoin is a big challenge for them, because then people will not feel the need to use banks for depositing their money in banks because it is more easy to use your online wallet for withdrawal of your money or to use it directly for shopping from your wallet, you do not need to visit a bank and wait for your turn.

[YNAGS Team]

I heard from news today that MasterCard bought a large office in Finland with 175 developers including a blockchain guys, so yeag, the are trying to catch the wave!

[newwest]

The banks will no doubt protect their own interests first and not let open competition get the better of them.

It is very natural and no one would allow them to function as it is a direct competition for the existence of the bank as many people will directly transfer btc as a part of remittance rather than using bank functions. Also people would invest in crypto rather than investing in banking products.
 

[bitbunnny]

I wouldn't say that banks have fear of Bitcoin and other cryptocurrencies but they see some competition in that. I would say this is healthy because competition could only bring improvements.
Banks also see their opportunity to profit in cryptocurrencies but to my opinion at the moment they are not quite sure how to do this and regulation or better to say lack of regulation stops them.

[slyfox]

In my opinion there's no way bank fears about bitcoin because banks are already established and people are using banks as a way of their transactions since bank are made but maybe they have a little fear because Bitcoin is very strong right now that people are already using it because it is accessible anywhere and also easy to use.

Do you really think that if they did not fear bitcoin they will try to pass regulations against bitcoin? They are afraid because bitcoin allows you to be your own bank, and you can do everything that you can do with banks with your bitcoin and even more and you can do it without paying them fees for everything, while people complain about the transaction fees of bitcoin they forget that banks charge you for everything they charge you just to have an account with them.

They fear bitcoin. Also Many big bois-giants like Google, Amazon etc are building their blockchain projects. That's why Google is banning rivals, not scams. But I expect some of ICOs will strike back and capture the market.

You are correct, not only the banks and governments fear bitcoin there are many private business that are realizing that the blockchain and bitcoin are going to change everything and the way their business work is not going to remain for a long time, you just need to look at some business that thought that they had a monopoly on the market just to go bankrupt a decade later.

[Findingnemo]

In my opinion there's no way bank fears about bitcoin because banks are already established and people are using banks as a way of their transactions since bank are made but maybe they have a little fear because Bitcoin is very strong right now that people are already using it because it is accessible anywhere and also easy to use.

Do you really think that if they did not fear bitcoin they will try to pass regulations against bitcoin? They are afraid because bitcoin allows you to be your own bank, and you can do everything that you can do with banks with your bitcoin and even more and you can do it without paying them fees for everything, while people complain about the transaction fees of bitcoin they forget that banks charge you for everything they charge you just to have an account with them.

They fear bitcoin. Also Many big bois-giants like Google, Amazon etc are building their blockchain projects. That's why Google is banning rivals, not scams. But I expect some of ICOs will strike back and capture the market.

You are correct, not only the banks and governments fear bitcoin there are many private business that are realizing that the blockchain and bitcoin are going to change everything and the way their business work is not going to remain for a long time, you just need to look at some business that thought that they had a monopoly on the market just to go bankrupt a decade later.

Yes if bitcoin is developed many losses will happen for banks and government but some good things also available in bitcoin it is not seen by them and also many private groups also leads to the fall of bitcoin and other crypto currencies.

[Dissident991]

Banks that they fear bitcoin and other cryptos and understand that can't stop adoption and development of blockchain technologies and creation of new type of economy. So they decided to corrupt and control the market. They have bought large exchanges and startups for integration, having contol over exchanges they can easily contol course through bots and fake news.

[coinluisa]

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 think it shows how banks and governments have a hidden agenda they don't a transparency because a lot of them is corrupt and steal the money for people that's why they do all things to ban  bitcoin in their country.