Banks admit they fear BTC

[valentine401]

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

I do agree on that, most of the people now a days prefer to invest on cryptocurrency more than placing their money on banks which makes their business loose its edge on the industry and that's why they are scared of crytpocurrency growth.

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[scoin9]

I certainly feel that banks would be scared of digital assets that is cryptocurrency because it leaves them without major control of funds due to it's decentralized nature. Because of this decentralized nature banks would not be able to trade freely with deposited funds as they normally do with Fiat.

[semimall]

When we want to send money abroad, about 10% of our money is taken from us for sending fee. It's like a legal robbery. they are afraid of bitcoin, and should be.

[jademaxsuy]

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
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No it is not only that because as the system proposed a project implementation that really the community will be benefited and not only the capitalist. As we all know that in ICO period the investors are not just a single individual because the project is basing on the crowd investment. So this way those capitalist got scared and they know that their business will going to have a lot of competition and could slow down their business.

[Vorzlave]

Government always use the media to influencing its citizens. I don't watch television for a long time, because all news that appears there full of negative influences, whose purpose is to scare us into doing something good. There's a lot of negative news about cryptocurrency. And i don't believe it.

[baconlike]

Because BTC is now competing with the bank quite fierce, BTC has taken over the market share of the bank too large. The number of visitors to the bank is declining

[jademaxsuy]

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

I do agree on that, most of the people now a days prefer to invest on cryptocurrency more than placing their money on banks which makes their business loose its edge on the industry and that's why they are scared of crytpocurrency growth.

No actually it isn't that banks will going to fear wherein cryptocurrency has being created. It is that transaction could be made possible using the P2P service wherein they could not get a transaction fee on it because it is an independent transaction. However, these banks should not fear because as the other members stated that the bank could be use as a third party for those local exchanges to collect payment and will enable its client to convert fiat to crypto. This is where banks could earn on by being a third party of those local exchange in the collection of fiat.

[katerinaliisa]

I think that banks are not afraid of bitcoins. They do not want to work with the crypto currency, because they will receive less profit from this.

[KocaEfe]

As it was known for a long time, the monetary system was created, so that money circulated in the hands of those who own them. Accordingly, the government owns money. The bitcoin does not belong to them and accordingly it can not bring them profit. Even if they make a tax on storage or trade. This will not save the government. A lot of people will evade taxes.

[Rufsilf]

Of course the banks hate and they are afraid of bitcoin because they know that the threat is all about investors and the investors from the banks will transfer to bitcoin and other cryptocurrency because they know that there is something better than putting money in banks since they can grow money easily with bitcoin and other cryptocurrency.

[arpon11]

Bank should be afraid of bitcoin because it has been discovered to take they jobs.  I see bitcoin as a future of our financing and many wise company owner are working hard to study cryptocurrencies and how to adopt it into their system.  Bankers are the really problems and reasons why we are in financial crisis.

[basyang]

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
---

Of course Banks possible afraid in Bitcoin because of its popular today. However, they are chill because banks is banks they are decade in this industry and they are confident enough that they can not be destroy in such a crypto. Even though they are afraid in Bitcoin still they have a weapon to protect themselves from distruction. Banks are still we need in our daily lives.

[Ayencyet79]

With bitcoin system, we dont need banks because we can opening wallet with easily and we can transfer our asset with lower fee transaction. If bitcoin spread all around the world and people start to use bitcoin, I am believe we dont need intermediary for our transaction and cheaper transaction fee

[BTCballa]

People are still believing that Bitcoin is that exact thing, that will allow them to become rich over one night, people heard about that speak in 2017 and they are thinking that it will repeat again. So they are trying to catch it.

[Initscri]

This has been long known for a while. When banks freeze your assets solely on the basis of you using bitcoin, that's purely fear based on their part.

I hate it though, it ruins advancement. IMO, banks should participate instead of trying to hinder technology.

[Princzny]

There are a lot of evil in this world and a lot of it is perpertrated by the ones we see as super intelligent, leaders!
But what i believe is that it is time for good to prevail. Guys like satoshi, ned scott are applying their knowledge and resources to better the life of people they dont even know. And I pray for those guys everyday because if I have as much wealth I would have ask for wisdom to use it for the betterment of humanity.

Nobody can stop the BTC or cryptocurrency movement. It is here to stay!

[AAfunctionaluppityF]

I'm waiting this moment since 2013. It will come soon, I'm sure! Banks now are starting to understand what's is a crypto and what's their potential. It won't require too much to scare the whole market with its volumes and trading.
Banks will join (if they still didn't) cryptocurrency trading REALLY soon! Big whales are coming!

[Athanasios Motok]

I think banks will soon come up with a mechanism for lending individuals crypto-coins. That is, They will issue bitcoins, and we will pay for them with Fiat money. On the one hand, this is a good opportunity for us to buy bitcoin in installments, but we will have to pay more % and Commission. This segment will remain for the banks.

[Iyanu14]

Of course banks are afraid of bitcoin what bitcoin can do to them, and that is much reason banks are looking for ways to pull crypto down and make it to become history.

[gioangelofelix]

That really doesn't come as a surprise to me, and I just wonder why they actually admitted that. Not that I really care, because I take a critic approach on every try of news I read, either being positive or negative news. Everyone knows that cryto is a highly speculative market, and that news play a huge role on it's price movements, so its easy to try to perform price manipulation when you know you can reach to a huge number of people.