|
Babylon
|
 |
May 23, 2018, 03:36:28 PM |
|
Because they would lose more client ,
Bitcoin is taking the people away to the banks ,
People would rather put their money in the crypto instead of the bank to gain more peofit by just holding it.
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
papasmurph
|
|
May 23, 2018, 04:00:48 PM |
|
Things are not that simple, I think. Banks on the one hand need to adapt to the wishes of customers and have started projects based on blockchain tehnology. But on the other hand, they can not like the decentralization of the crypto currencies.  |
|
|
|
Awhore
Newbie
 Offline
Activity: 56
Merit: 0
|
|
May 23, 2018, 04:23:06 PM |
|
banks ban it because it somehow prevents people from storing money in banks which they banks use for business. that is why they try to fight its use
|
|
|
|
|
|
Dudeperfect
|
|
May 23, 2018, 04:38:46 PM |
|
Being part of the centralized system, Banks would never allow something that has a potential to take away power and control from them. As Bitcoin is a part of blockchain technology, it relies on the principle of decentralization that is known for taking away the power and control from centralized authorities and transferring it to the users. If someone finds value in using blockchain based currencies then they would never use banking services and that's the reason why banks are afraid of cryptocurrencies.
|
|
|
|
|
Alex789
Newbie
Offline
Activity: 119
Merit: 0
|
|
May 23, 2018, 04:46:16 PM |
|
Only people who do not understand it, or the possibility they are afraid that their corruption will be uncomfortable because the criptocurrency can browse where they share funds or also they are afraid if all use this way the user's value will lose the bank customers
|
|
|
|
|
MahalQu2612
Member
Offline
Activity: 179
Merit: 10
|
|
May 23, 2018, 05:56:56 PM |
|
Banks gain nothing from bitcoin, Banks gain their income through the interest of fiat money or the official money of a country. Bitcoin can be stored digitally and is mostly stored in the internet, with these function, banks became useless because these people are storing their money digitally. Banks needs money to flow and Bitcoin is now physical money flowing. Bitcoin is a competitor in the eyes of banks.
|
|
|
|
|
|
[ProTrader]
|
|
May 23, 2018, 07:11:32 PM |
|
I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
Banks hates Bitcoin and other cryptocurrency because if Bitcoin become the main currency they will out of business because you can be your own bank by using Bitcoin. The people don't need banks if that happened. |
|
|
|
|
faithofb
Newbie
Offline
Activity: 238
Merit: 0
|
|
May 23, 2018, 07:22:34 PM |
|
its because they see cryptocurrency as threat and thats the reason for the fear
|
|
|
|
|
Bitexpert2017
Member
Offline
Activity: 224
Merit: 10
|
|
May 23, 2018, 07:24:30 PM |
|
It is very normal that banks will hate cryptocurrency. We all hate our competitors and cryptocurrency is bank’s competitor. People nowadays keep money in cryptocurrencies instead of banks.
|
|
|
|
|
|
JC btc
|
|
May 23, 2018, 07:35:20 PM |
|
It is very normal that banks will hate cryptocurrency. We all hate our competitors and cryptocurrency is bank’s competitor. People nowadays keep money in cryptocurrencies instead of banks.
Exactly! That is why if they hate cryptocurrency it is just a normal since it is one of their big rivalry as of this moment, since people are now choosing to invest in bitcoin rather than saving in banks. |
|
|
|
|
mahilchii
Member
Offline
Activity: 560
Merit: 13
|
|
May 23, 2018, 07:40:01 PM |
|
Banks an crypto are different in terms of concept and the way it serves people. Banks take money from you and gives a pinch of it back as interest but crytp takes your money and gives more profit and sometimes it gives x2 or x3 profit. This way banks feel gelous about crypto since their business is affected so they hate crypto which is obvious.
|
|
|
|
|
CaptainKid
|
|
May 23, 2018, 07:41:24 PM |
|
I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
Based on the news, some banks really are negative about bitcoin, fearing that in the future bitcoin with its advantages can drastically change the standard banking system and method of payment. |
|
|
|
|
Crypto Mark
Newbie
Offline
Activity: 196
Merit: 0
|
|
May 23, 2018, 07:52:32 PM |
|
I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
In my opinion, many banks have not studied yet whether bitcoin is actually. Banks should study carefully about bitcoin before taking a policy. |
|
|
|
|
|
maxman190
|
|
May 23, 2018, 08:07:26 PM |
|
This is not anger, but rather a misunderstanding and a fear of uncertainty. they already have a big, decades-old and understandable business, why should they go into something small and poorly studied?
|
|
|
|
|
Serge_Quantor
Member
Offline
Activity: 123
Merit: 10
Quantitative investments in decentralized ecomomy
|
|
May 23, 2018, 08:11:36 PM |
|
Do you guys think some banks already use and maybe even invest into crypto?
|
|
|
|
djoker bad
Newbie
Offline
Activity: 80
Merit: 0
|
|
May 23, 2018, 08:23:44 PM |
|
I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
You ask about why country banks hate bitcoin? yeah! of course there is why. Here's one example: why do you think? if everyone is investing in bitcoin? why invest in bitcoin? clearly evident with the value of the currency that will change every time. because state banks can not have such a system. hence they hate bitcoin. |
|
|
|
|
Sirait
Full Member
Offline
Activity: 1890
Merit: 101
1xBit 🏆 │ NotYourKeys.org
|
|
May 23, 2018, 08:28:20 PM |
|
how they can accept the existence of Bitcoin if the system they run will be threatened.
but lately, I see the Bank is starting to realize why they should resist Bitcoin while they can imitate it.
banks have begun to glance at the business model of cryptocurrency.
|
|
|
|
|
DimensionsOfHell
|
|
May 23, 2018, 08:28:49 PM |
|
As it is not sad, the thinking of most banking professionals is very narrow-oriented - instead of learning new, but bad, in their opinion, technologies, they simply avoid or block them. They do not know anything about Blockchain, crypto-currencies and ICO, and they do not want to know, their main goal is not to make a mistake, otherwise they will be fired from their homes. Therefore, it is easier for them to block the client's account than to understand the features and advantages of the crypto currency.
|
|
|
|
|
tomalours
Member
Offline
Activity: 314
Merit: 11
|
|
May 23, 2018, 08:45:49 PM |
|
Banks are dinosaurs during the The Cretaceous and Bitcoin is THE huge meteorite. Dinosaurs hated this meteorite. And they were right.
|
|
|
|
|
boddy.dy
Member
Offline
Activity: 252
Merit: 17
|
|
May 24, 2018, 05:05:07 AM |
|
Many Banks hate crypto currency because somehow they are bothered or the income of the bank were somehow affected with arise of the crypto currencies. I can say that they were affected because instead the people will prepared to put their money in the banks they are putting or investing their money in crypto currency because somehow and they should admit that the chances of rebate or getting profit is much higher in crypto currency rather than banks. In other words crypto currencies are competitors of banks that is why they hate it. And we can somehow say that crypto currency may replace the banks in the near future if this flow continue.
|
|
|
|
|
|
