Banks admit they fear BTC

[landyndanaju]

Fears of banks is pretty obvious they have always been scared and know the implication of that for me. Come to think of it, my bank has been giving me some good interest on my savings recently, which has not really been something I have seen much from the past, and also, I keep getting the message of doing international transactions and getting some benefits. It seems they are really beginning to see how the power is leaving their hands.

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[TheClownSong]

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.

Banks must be preparing facing cryptocurrency. Banks already survive for many years and they will adapting on cryptocurrency. Bank have good infrastructure and with that, banks will survive and maybe take advantages on cryptocurency market

[Wintersoldier]

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.

Perhaps they have legitimate reason to fear bitcoin and the rest of the emerging alternative coins in the market. Bitcoin is giving the public a decent choice in where to save and invest their money. Banks and government are working together for so long in the global financial system, the emergence of a decentralized currency is seems to be out of their usual thing, so it scares them that it may derailed their traditional way and may decrease the numbers of their investors.

[btchunter02]

Yes bank admitted that they have feared on BTC, because some investors shifted their investment in crypto they saw high potentials from it a real profit rather, not just bank who are afraid on crypto but also some governments because for the first time ever banks and governments do not have control on money game.

[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.

Banks must be preparing facing cryptocurrency. Banks already survive for many years and they will adapting on cryptocurrency. Bank have good infrastructure and with that, banks will survive and maybe take advantages on cryptocurency market

Im sorry but i think that is not what they are trying to do now. Banks are still keep on telling people that bitcoin is a form of ponzi scheme that might ruin someone's life. In fact as you can see until now there are still no direct bank to bitcoin transactions. Some banks also has rules that if you are a bitcoin holder you can't use their service

[talenah kotang]

The thing that would be worrisome for banks especially for investors, they will switch investments in bitcoin. But the bank will not lose its function .. banks and bitcoin will be combined because the bank where melting crypto.

[BestSSS]

Yes, I think it really is. First of all, because it is a direct competition to banks. You can imagine what will happen if people stop carrying money to the Bank and carry everything to the cryptocurrency market.
Minimal transaction fees and great interest - that I'm afraid all the banks

[suburban123]

The spread of digital money is undesirable for banks, given their current problems, which they have faced recently. Speech, first of all, is about low demand for loans, lower profits due to lower interest rates and fading hopes for deregulation. The negative attitude of banks to the cryptocurrency is gradually beginning to manifest itself in the open. Probably the general fear among banks regarding Bitcoin is that it completely destroys the need for intermediate transactions between financial institutions.

[bowals]

Makes sense after all bitcoin has gone through, but it's still surviving and getting stronger!

[satana_igor666]

It's just that banks do not know what role they can play in the cryptoworld.  As soon as they take their position, then they stop slandering bitcoin.

[huhhuh18]

I don't even understand why the oldies don't want the young people to also explore opportunities that could help save them. Blockchain and cryptocurrency have been offering people accross the world with a variety of opportunities but these people always try their best to discredit this new technology. It's very sad and bad.

[Roomshambles]

Because the advantages of bitcoin are so abundant then banks are afraid of being replaced with bitcoin, so many banks may anticipate how they will be useful in the future.

[droptableguy2]

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.

It is just a small part of the more important issues. Banks are not afraid that they are afraid of transactions and less revenue. However, if they do not accept the transaction, it will be difficult to develop. Electronic money contributes to a strong economic boost.

[victoryana]

If accepted, the impact of Bitcoin (BTC) on banking services can be seen clearly. For example, remittance service in the country, if the money transfer in the currency will lose a cost to the bank if the bitcon transfer is very little and the bank they will not receive interest should learn afraid of bitcoin

[Deubila]

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.

Giving false information about bitcoin is not reasonable. Why do you have to do that together? Apparently the state bank that take the action is not beautiful. Just because of the small profits, the bad image of electronic money is not worth it. I believe bitcoin will redo the actions to show them, how the appearance of bitcoin will change. And really helped a lot in the community.

[Nakedbitcoin]

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
---

It's because investment in bitcoin is better than the bank. If we compare the profits of this two categories the bitcoin is much highest profitable than the bank thats why if...someday all people know and have gain more knowledges about the investment in bitcoin.. thats the time they leave the bank and transfer their investment in bitcoin.

[cahbagus555]

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.

With bitcoin, peoples dont use banks to open account and make transaction. When we opening wallet, its like we have account in the banks and we dont need third party like banks. Bitcoin creating transparant ledger and bitcoin not controlled by anyone or institution thats why many central banks oppose bitcoin.

[nicster551]

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
---

They should be afraid of Bitcoin because of the tendency that they are going to be out of the economic zone when things got freaky with crypto. But I really doubt that to happen since banks have a big role in our society for like doing mortgages and everything that would help us if we can't buy things in cash.

[bitbunnny]

Of course that banks don't like competition and Bitcoin definetely is competition in a part of services that are currently reserved for banks.
But competition is good and healthy and this can only make banks to improve their services and their attitude towards clients so we all could have benefit from it.
Also, sooner or later banks will embrace Bitcoin because they know they can't escape new technologies and virtual currencies if they want to survive in the market.

[VclDm]

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