Banks admit they fear BTC

[ChConcept]

This is not a rocket science, anyone who sees the fake or false news, the black propaganda against Bitcoin would know that it is something made for Bitcoin to look bad in the eyes of the people. Who else would it be but those, Banks, big corporations and governments which are all connected and all have their own selfish agenda in hating Bitcoin.

[burner2014]

I am just hoping that it would be a wake up call for banks that they should see how much people are hunger for a great investment that they did not give to investors/depositors. Hope they can find way for them to consider bitcoin in their system.

[nicpaig]

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



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[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.  

[meusyou]

They better be because sooner or later cryptocurrency is gonna replace the traditional fiat system. I'm glad to be part of this revolution.

[Mikejones64]

Thank God, someone made bitcoin, so people like me can recover from being broke to financial stable.
Those banks were really in trouble once it is really found out that they pay for the people who spread false propaganda.
Yes, it is good for us, but i feel pity to the people who believe in that fake news. They will not be able to enjoy life having bitcoin.

[systematicdeception]

I don't know why but I am not surprised. You know banks and governmental institutions are always afraid of competitors. I think that btc is their rival and they don't want people to move to the decentralized currency

[jaysabi]

This is not a rocket science, anyone who sees the fake or false news, the black propaganda against Bitcoin would know that it is something made for Bitcoin to look bad in the eyes of the people. Who else would it be but those, Banks, big corporations and governments which are all connected and all have their own selfish agenda in hating Bitcoin.

Bitcoin doesn't need help looking bad, the facts alone are enough. It doesn't hold a stable value, it isn't particularly useful for transactions or storing value, and all the hype around Bitcoin is from people who want to go up in value because they think it's the ticket to getting rich quick. The more baseless hype that gets thrown around, the more damaging the potential fall is when Bitcoin doesn't achieve those lofty valuations in a short period of time. The current drop in price from $20,000 to now below $8,000 is mainly a reckoning as the mass delusion wears off as Bitcoin fails to sustain the mass hype hysteria that gripped the market at the end of last year. Banks don't have too much to worry about because they offer actual utility, no matter how much you hate them.

[Rrotess]

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
---

Now, it is truly alarming. Banks and government are maybe alarmed because we have already found a better way to have our own money without saving and lending it to banks, etc.

I hope that someday the truth and grace will be given to us as we face the challenging era of bitcoin.

[Boov]

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

I personally do not think that government fears bitcoin or even banks.  Government can sustain itself no matter what happens, it has many source of funds and their major source of funds is tax, and we people can not avoid tax no matter what. Banks should not also be afraid of bitcoin , a lot of people saying that " you can earn morethan banks can offer for you" where in fact banks is not built for investment , it is for security of your money , it is very low risk and the general rule of investment is the lower the risk the lower the return , people puts money on bank not because of their interest rate but because of security . if you are saing that government is afraid that people might get rich , I dont think so, Rich people makes more employment and it is also a benefit for a government.



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

[BurakTurk]

bitcoin is helping banks rather than being afraid of banks we should understand bitcoin is the future of banking we cant completely ignore the technology and innovation

[pelipurlara]

the dreaded banks are bitcoin customers who invest their money in banks will be reduced due to investments in bitcoin and with bitcoin in banks, then this world bank should be afraid because bitcoin is the best place to invest

[canadinhano]

Yes, I find that if the cryptographic market grows high, the fact that banks will freeze soon, the reality is that people now need capital and contribute less to banks to accomplish their goals. ICO. That is the current trend.

[patarfweefwee]

Thanks, but i really think everyone knows this. But then again, banks and fiat are both centuries even millenias old. These kinds of institutions are hard to beat by a barely 10 year old volatile currency. I know in the fiture that crypto currency will add to the economy but definitely not remove fiat altogether.

[napi]

yes you are right now some banks are frightened by the presence of bitcoin because bitcoin has a very sophisticated technology that does not need any more banks to save money that people have.

[bitcoin2048]

In my country they don’t, but I think this is because, if Bitcoin will overtake an economy - banks will be needed no more. That way they need to adapt somehow, and be worried

[Streamlink]

Yes, I find that if the cryptographic market grows high, the fact that banks will freeze soon, the reality is that people now need capital and contribute less to banks to accomplish their goals. ICO. That is the current trend.

No, this is something different from the world of banking. With increase in the price of bitcoins wouldn’t be determining the damage of banks. We have seen so many times that whenever prices started raising, only users have been benefited. Nothing else has been observed. Banks are still going on with same zeal and run. But yes it would take long and long time for such happening.

[davinchi]

I don't know why but I am not surprised. You know banks and governmental institutions are always afraid of competitors. I think that btc is their rival and they don't want people to move to the decentralized currency

I think this is about the system which has provided the base to the banks. Bitcoin has been a potential threat to the banking system because it has the ability to replace the system. No government wants that because banks are the government financial institutions that collect taxes and bills that go to the government account.

Besides, the spread of Bitcoin will lower the demand for cash which is something the government does not want because that way, government will not be able to exercise the instruments of its monetary policy.

[qwerty12]

Yes, of course. bitcoin is the first decentralized peer-to-peer payment network supported by its users without central authority or intermediaries. The lack of central authority is the main reason why governments and banks are afraid of bitcoin. they always prevent people from going to bitcoin by spreading fear into the society through negative news about the bitcoin they make.

[darklus123]

I am just hoping that it would be a wake up call for banks that they should see how much people are hunger for a great investment that they did not give to investors/depositors. Hope they can find way for them to consider bitcoin in their system.

I think they haven't seen it yet. This banks are still confident that people are still gonna be choosing their platform where to save their money. Because of their propagandas towards bitcoin. 2017 was the hype for bitcoin not just because of the price but because they are also sending false informations that makes the bitcoin image not so good.

[cammie16]

I am just hoping that it would be a wake up call for banks that they should see how much people are hunger for a great investment that they did not give to investors/depositors. Hope they can find way for them to consider bitcoin in their system.

I think they haven't seen it yet. This banks are still confident that people are still gonna be choosing their platform where to save their money. Because of their propagandas towards bitcoin. 2017 was the hype for bitcoin not just because of the price but because they are also sending false informations that makes the bitcoin image not so good.

Yeah right, I think they are the reasons why bitcoin price drastically decreasing because of so many bad news involving the use of bitcoin. But they will never succeed ruining the bitcoin.