Banks admit they fear BTC

[Lesterus]

Yes banks really afraid about cryptocurrency existence. Banks and crypto will have a conflict someday and probably crypto will be the cause of their bankrupts someday due of people did not save their money in banks when people have enough knowledge in crypto definitely people choose to invest in crypto.

[1714931622]

1714931622

[cahbagus555]

With bitcoin existance, i think banks should be afraid because bitcoin or cryptocurrency can disrupt banks bussiness. Banks always control the money suppley and if bitcoin start used by many people, banks can not control bitcoin bitcoin because bitcoin supply already limited

[Chrisjay29]

They should fear. Because when all country will accept bitcoin and cryptocurrency. Im sured no more banks in the future. Because if you see bank got low demand when you save your money in there. But if you save in bitcoin there are big chances that your money will double or triple in a year.

[voltesbazooka]

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
---

This is very true. Now that we have come to the age of digital currency, there is only very little role for the banks to do. Imagine the fact that if people will be issued bitcoin as their salary, there will be very small amount or degree of depositors, and as we all know, banks earn their money by lending your money to other people.

[nur rochid]

They should fear. Because when all country will accept bitcoin and cryptocurrency. Im sured no more banks in the future. Because if you see bank got low demand when you save your money in there. But if you save in bitcoin there are big chances that your money will double or triple in a year.

right, with a decentralized system, the bitcoiner does not need a bank. and this is what the government is afraid of, because the banks and the government have an attachment. therefore many do not agree with btc, because of this problem

[Sakash]

Yes, the banks are afraid of BTC. Because people can make money transactions at BTC. The bank's profitability is decreasing by this. This makes the bank's profit down on a daily basis. For these reasons, the banks are afraid of BTC.

[aqrulesms]

Of course they are! Because in the era of bitcoin there will be no more need for a regular banking system, but they would invent something!

[Angna27]

 true or not.. but the thing is bitcoin has great potential in the future and what it can do to a person...families...communiies..and country is no joke it has domino effect that is probably the reason why they keep preventing people to get involved in bitcoin.

[burnchan]

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
---

Based on the article, sorry to say that banks are becoming desperate which  made them do this. They did not play a fair game with crypto. At least now, people already know what banks are capable of. They are truly threatened by crypto's presence. So let us just wait and see to the upcoming days.

[Kola]

agreed with you man, there is some fake news that they try to convince us about that bull shit that they are call terrorism, even a dump ppl know that 911 was a inside job, so no point to blame crypto that is helping to terrorism, like they blame telegram in russia, if someone wants to do something illegal, he will find the way to do it, the main reason it is not a fake terrorism, give to the ppl a good job and decent life, they wont do anything shit isn't?

[avirdoz]

This is a good sign that everything is done correctly. Of course banks don't like the main idea of decentralization that will make their institute unnecessary. Bitcoin with its technology are changing the world right now.

[Rizki_ct]

The banks hates crypto, to them, it like a big competitor that needs eliminating.    So its obvious that banks doesn't like bitcoin because they are going to lose potential profits from it.All Bitcoin holders and users knew about this long before. However, banks also are politicians and official's allies. Banks are afraid of Bitcoin because they will lost a lot of investors and banking investment.

[Twentyonepaylots]

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

It can save us and it can also loose their business.

BTC itself is central bank, BTC is money!

If you ever experienced creating your own blockchain.info wallet, there's a quote there "Be your own Bank!". So having a bitcoin wallet is already having our virtual bank account so banks will be useless if everyone starts to put their wealth to crypto's.

The entry of crypto currency into market trading had a impact on the banking system globally, yes, the FEAR of unknown is very visible against digital transaction on the market treed, take a look at the issues hammered against Bitcoin project investment, we have issues on banned, scammer and the issue on regulation on any transaction on Digital trading with Bitcoin, but the raise on global awareness on crypto currency market trading is unstoppable. A lot more new investor are coming in, and possible investor are waiting for the right timing for them to put in their investment on Bitcoin. I am looking forward that once the issues on regulation were address, a lot more market trading investment for bitcoin will come in into the crypto trading market.

[Lorence.xD]

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

It can save us and it can also loose their business.

BTC itself is central bank, BTC is money!

If you ever experienced creating your own blockchain.info wallet, there's a quote there "Be your own Bank!". So having a bitcoin wallet is already having our virtual bank account so banks will be useless if everyone starts to put their wealth to crypto's.

 The new age of digital currency transaction is now facing a lot more of resistant from either the Government and the financial business institution. Yes, the banking system were affected upon entry of crypto currency market trading or the digital transaction, the global acceptance on Bitcoin is unstoppable on the trading market, and a lot more are just waiting for the right timing to put in their Bitcoin investment in the crypto currency market. Bitcoin suffered a lot of issues on Banned, Scammer, and now the issue on regulation on its digital transaction on Bitcoin, the price value of this coin goes up and down with the issues on the back grown on market trading, yet it remain stable, with good fundamentals, and increase level of confidence on the market treed.

[Chrisjay29]

Im not surprise on it. Because bank didnt give good interest in there customer. But when you go to bitcoin you will surprice the price of your money when it pump.

[Flayme]

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
---

You know that's true....  They realy want to see people in the verge of problem.... Government are always promising that they realy want to help people.... They are always saying that they will do their best to help everyone but the reality is they just knly want to help themselves....  They are all rational thinker they always thibj first themselves before other....  And now the crypto currency emerge....  They really want to stop it and banned for what purpose to destroy the only hope of many people....  Cryptocurrency is really great....  If all of us know it surely we cant escape from our problem....  


THIS IS THE  ERA OF CRYPTOCURRENCY THEY CAN NEVER STOP IT....

[Daimon88]

Even if I am the bank I will be fear in bitcoin even if it doesn't know by many people because in case that the people will know about the profit in putting money in bitcoin well there will be a big problem for them and that's for sure people will be so greedy to buy bitcoin and it will be their savings wallet.

Yeah they do. They are admitting the fear from bitcoins and they must do I think. Reason is, there is natural tendency to become feared from something that is just taking out the market. Once you were the top element of the market and now something else in such a short period of time is just coming up and taking the lead. So it is natural for them to be afraid of bitcoins.

[yslyv]

they should fear. because bitcoin is first step of eliminating banks from our lifes. when technology becomes more proper (faster, better network size etc) crypto currencies are going to become a really serious danger for the traditional banking system.

[Sled]

they should fear. because bitcoin is first step of eliminating banks from our lifes. when technology becomes more proper (faster, better network size etc) crypto currencies are going to become a really serious danger for the traditional banking system.

It is a threat for the banks in the future because the blockchain technology is far way better than the banks system because it is not that like the banks that it requires a lot of things before you can completely send your money to another person or bank while bitcoin is pretty simple and transparent which is the best i think for the users of bitcoin and the future generation that will use it.

[Altf4]

they should fear. because bitcoin is first step of eliminating banks from our lifes. when technology becomes more proper (faster, better network size etc) crypto currencies are going to become a really serious danger for the traditional banking system.

It is a threat for the banks in the future because the blockchain technology is far way better than the banks system because it is not that like the banks that it requires a lot of things before you can completely send your money to another person or bank while bitcoin is pretty simple and transparent which is the best i think for the users of bitcoin and the future generation that will use it.

Banks would have fear towards bitcoin , it is because there are many people , who want to put their investment to the bitcoin or cryptos ,they think bicoin is a good investments, that is why the banks have fear about bitcoin, and the banks think that bitcoin is a competetor to the banks industry.