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Author Topic: All bankers hate BTC, am I right?  (Read 1612 times)
Ennichell
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January 02, 2019, 11:48:52 AM
 #81

It is not hate, it is fear.

If cryptocurrencies become mainstream and people use this for everything that could harm banks profit a lot.

Because banks are unnecessary mediators in the context of crossbording (for example) payments. Cryptos provide people P2P system with no banks and large fees unlike the conventional banking system.
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January 02, 2019, 11:53:24 AM
 #82

Those who owns the bank maybe but not all those who works inside it. But I guess there are some banks who accepts bitcoin as innovation and a thing that would bring a certain change to the community and how people live.
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January 02, 2019, 11:59:30 AM
 #83

It is not hate, it is fear.

If cryptocurrencies become mainstream and people use this for everything that could harm banks profit a lot.

Yes it is not hate it is fear because BTC is developed on block chain technology and it can affect their business if it come into existence and BTC transactions are widely adopted and bank will not get the profit if BTC grows and take the market.

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January 02, 2019, 01:33:19 PM
 #84

I am sure the bank does not completely hate bitcoin, surely they will research the technology that is in bitcoin and they will apply it to their modern banking system. We cannot deny that the technology in bitcoin is very useful if used in the future and surely the bank will use it. And it has been seen that many banks, especially in my area, have a digital payment technology system such as technology that is in bitcoin. So if you say a bank hates bitcoin, maybe I think it's not entirely.
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January 02, 2019, 01:38:41 PM
 #85

I dont think all bankers hate bitcoin. I know of some bankers exploring bitcoin and other alts which goes to show that they are open to crypto use. Some, however, have an aversion to bitcoin apparently due to its extreme volatilty
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January 02, 2019, 01:54:17 PM
 #86

All bankers will hate bitcoin cause they will cannot get paid by using blockchain unless they make their own coin. Which i hope so. Ripple is the first that being used by the bank. So far it has no use for me. The price has being manipulated and i still pick bitcoin to be more better used.
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January 02, 2019, 02:33:49 PM
 #87

I guess not. Banks are just alarmed about what cryptocurrency can bring to modern banking and also being a new medium of exchange. This can also be the way to change their system and adopt to new form begged by the society. They can use it for banking purposes and see it an opportunity rather than threat.

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January 02, 2019, 03:02:00 PM
 #88

All bankers doesn't hate bitcoin but we should agree today many fear about bitcoin specially due to false news and rumors that say it is developed to destroy the current traditional banking system but still some banks like Swiz and other few keep an open mind regarding bitcoin and its potential features and also some has gone to the extend to invest in bitcoin to attract new customers to there businesses in order to increase profits so there are both who hate and who doesn't 
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January 02, 2019, 03:44:49 PM
 #89

I guess not. Banks are just alarmed about what cryptocurrency can bring to modern banking and also being a new medium of exchange. This can also be the way to change their system and adopt to new form begged by the society. They can use it for banking purposes and see it an opportunity rather than threat.
I agree on you.I don't see any reason why they should hate bitcoin that much.Bitcoin is not really competing with fiat currency.It's there to serve as an another option for payment wherein people will find it more convenient and faster transactions.Instead of comparing them always,would it be more nicer to think that they can be working hand in hand?

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Valer4ik
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January 02, 2019, 03:52:57 PM
 #90

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maldini
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January 02, 2019, 04:08:58 PM
 #91

no, I don't think all banks hate bitcoin, if indeed all banks hate bitcoin, of course bitcoin has been disputed in the past and could even have been sued
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January 02, 2019, 04:53:08 PM
 #92

I think banks will try to integrate blockchain in their business processes if they want stay on board.
I have heard about some Banks who is trying to implement blockchain technology already.
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January 02, 2019, 05:04:37 PM
 #93

Bankers hate or love btc depend on government regulation because nobody can't break their rule.
It's reasonable since they are taking the charge.

Why must be hate while crypto make easier for the people to do transaction like never before ( using fiat )

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January 02, 2019, 10:28:44 PM
 #94

Bankers do hate bitcoin but not all of them. There are some banks that still studying on how they can benefit along with bitcoin. Maybe in the future banks and bitcoin will work together as one.

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January 02, 2019, 10:33:06 PM
 #95

It is not hate, it is fear.

If cryptocurrencies become mainstream and people use this for everything that could harm banks profit a lot.
Indeed and they are doing everything just to ruin this market. My friend is working at the bank, and they are not allowed to own any cryptocurrency as the manager said it is a scam or what. This is a mind conditioning and the banking industry really feel the threat with cryptocurrency. Some banks are ready to adopt cryptocurrency just like XRP, but not all are open for this possibility right now maybe soon they will slowly adopt blockchain technology.
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January 02, 2019, 10:42:42 PM
 #96

I really do not understand why banks still didn't add crypto on their exchange lists. This is simple loose of possible profit.
But the key seems obvious, the government still didn't admit crypto, that fact creates problem to banks of crypto using.
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January 03, 2019, 03:13:17 AM
 #97

Some bankers hate but most of the bankers like bitcoin as i know from my personal experience by communication with me. They are trying to learn about blockchain technology, bitcoin and other coins. Banking sectors are trying to involve with blockchain in their banking transactions.
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January 03, 2019, 04:56:43 AM
 #98

I do  not think so ! If you are  taxi driver and you someone ask  what do you think about Uber ? the person is trying to tell you to turn to uber !!  Most bank in my country invested in crypto last year  but right now they are all in crises  this years alone bank of Ghana has close down more than 10  banks down because they are in crises because they put huge investment in bitcoins !!

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January 03, 2019, 03:51:16 PM
 #99

Some bankers hate but most of the bankers like bitcoin as i know from my personal experience by communication with me. They are trying to learn about blockchain technology, bitcoin and other coins. Banking sectors are trying to involve with blockchain in their banking transactions.
I don't think that all banks hate bitcoin, because I've seen several banks support the development of bitcoin, even some banks collaborate with projects that smell like cryptocurrency. well, however, it can be ascertained that some banks do hate bitcoin.

Well it can't be helped. Old school bankers will always be wary of bitcoin since it'll be hard to incorporate btc's decentralized features to what these banks are used to. And banks need control over our money so they'd likely prefer that btc doesn't move forward.

 
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January 03, 2019, 03:56:39 PM
 #100

noone cares about BTC

banks were the first 1 even investing in BTC

the laugh about btc, but thats about it
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