Does Banks really manipulates us?

[Cryptmuster]

Cheap and fast, without so many documentary requirements. I believe some people already are acknowledging such benefits.
However, the other side should also know how to deal with crypto so they won't be having problem as well.
If more and more people will discover such route, I guess, they will appreciate more the crypto market, and so further increase in demand.
But in some cases, we still need other banking services. Like handling of mortgages, time deposits and other financial services.

It is difficult to abandon the usual state of affairs, those who are used to the banking system consider it an integral part of a comfortable existence, in addition, there are many people, and now they are the majority, for whom cryptocurrencies are something too risky to deal with them. Perhaps in the future something will change, but it seems to me that banks will start issuing loans in cryptocurrency sooner than the banking system will disappear from our lives.

[TheUltraElite]

What about bitcoins? It's also not as perfect as many are claiming. Recently, it also took me 2 days to complete a transaction when I sent some bitcoins to my friend. I have never had this happen before, at most, it took about 6 to 10 hours to complete the transaction, but this time, it took me almost 48 hours.

Issues with the fees? I suggest you keep the fees on the normal side when timing is your key, keep the fees low (cheap out on it) when the timing is not an issue/you can sleep over a few week for the transaction to confirm.

This has nothing to do with the banks vs bitcoin argument, this is a design thing in the system of bitcoin and there are not we can offer to do except keep an eye on bitcoin transaction fees and place transactions accordingly. This system cannot be bypassed and it is what keep the network secure. Still it is better than nothing compared to what banks have given us.

[axxo]

It's difficult to make an assessment or statement about all banks and their practices, as each institution operates differently. However, it is true that some banks have been known to engage in practices that prioritize their own profits over the needs and interests of their customers. Some banks may offer products or services with hidden fees or unclear terms and conditions, which can be misleading for customers. Some banks have been criticized for their lending practices, which may disproportionately benefit certain groups over others. It's important for consumers to do their research and carefully read the fine print before signing up for any bank products or services.

[Findingnemo]

Don't be too stupid because you didn't get it clear about what Andrew tate is talking, he referred the existing controlling system as matrix not the one we saw in the movies by Keanu Reeves which is kind of software, virtual reality and something.

Banks manipulate the majority of people and plays the majority of the role in their entire life simply because the system is designed in that way so if you're someone who doesn't want to be just another human has to understand the control and need a way to make money for example Andrew used his fame and speaking skills to monetize.

[uchegod-21]

It's difficult to make an assessment or statement about all banks and their practices, as each institution operates differently. However, it is true that some banks have been known to engage in practices that prioritize their own profits over the needs and interests of their customers. Some banks may offer products or services with hidden fees or unclear terms and conditions, which can be misleading for customers. Some banks have been criticized for their lending practices, which may disproportionately benefit certain groups over others. It's important for consumers to do their research and carefully read the fine print before signing up for any bank products or services.

While it is difficult to make an assessment of different banks in different  countries, we surely do understand that all the financial institutions have similar goals and objectives which is in line with the wish of the government of the people.
Why we do not trust the banks is their central system which is based on manipulations, besides we have been used for many years before the advent of bitcoin. This is why moat of us have refused to continue patronising the banks to a large extent.
The banks manipulate us to a large extent.

[dunfida]

It's difficult to make an assessment or statement about all banks and their practices, as each institution operates differently. However, it is true that some banks have been known to engage in practices that prioritize their own profits over the needs and interests of their customers. Some banks may offer products or services with hidden fees or unclear terms and conditions, which can be misleading for customers. Some banks have been criticized for their lending practices, which may disproportionately benefit certain groups over others. It's important for consumers to do their research and carefully read the fine print before signing up for any bank products or services.

While it is difficult to make an assessment of different banks in different  countries, we surely do understand that all the financial institutions have similar goals and objectives which is in line with the wish of the government of the people.
Why we do not trust the banks is their central system which is based on manipulations, besides we have been used for many years before the advent of bitcoin. This is why moat of us have refused to continue patronising the banks to a large extent.
The banks manipulate us to a large extent.

These institutions are heavily centralized and really that strictly abiding governments laws and regulations and we do know on how they do function in overall economic situation but in general on how they do make money? of course on making those funds that they had stored out to be put up in use. They would really be lending out those money for more interest and to mind that those are simply depositors money
on which they do give out that peanut annual interest for getting that huge monthly interest which it is really a sure win-win situation for them. In speaking about manipulation then i could say that it isnt
really that much of a concern because you are the ones who would really be choosing whether you would be putting up all of your savings or not or would really be opting out on other method.
In economical matters or perspective then im not much of an expert on how this institutions does play a big role on it.

[Smartvirus]

Don't be too stupid because you didn't get it clear about what Andrew tate is talking, he referred the existing controlling system as matrix not the one we saw in the movies by Keanu Reeves which is kind of software, virtual reality and something.

That's a funny one, I'll give you that.
Still, I feel with the loads of comments on the subject, a follow up is expected for anyone paying attention.

Banks manipulate the majority of people and plays the majority of the role in their entire life simply because the system is designed in that way so if you're someone who doesn't want to be just another human has to understand the control and need a way to make money for example Andrew used his fame and speaking skills to monetize.

It's why they are there. They are a profit based organisation and even more so, they are an agent of the government through its CB. Its no surprise that, should they hope to create a condition within the state, they go ahead to archive it by manipulating the cash flow. Either pumping in more cash than necessary or reducing the amount of cash in circulation.

These are what has been and will continue to be even in the face of a crypto evolved world. We still can't have them fiats go away and that means, the conditions that surrounds fiat or cash systems would still be very much active but, to a minimum.

[Captain Corporate]

I am not entirely sure it would be considered "manipulation" when something they do is literally their entire existence reason. Manipulation is unexpected, banks being banks is not unexpected and they certainly do change the cashflow to the market however they please, which means that they are changing the whole macro economy, which impacts the micro one as well, but that is their entire purpose of existing so we couldn't really blame them for doing that. Its more about rules and regulations, they do exist because they should be doing this, Germany has banks too and they are not ruining the nation, so why does ours do it? Thats the real question, figure that out and you can start to fix your nation from top to bottom.

[coupable]

Opinions in most of the comments agree that banks are manipulating us in one way or another, and I also agree with this opinion. But there is another side from which we can look at things ; it's important to remember that investing can provide a way to grow wealth over time. You can find a path way that can work for you and your future ambitions. However, it's important to note that whoever willing to invest with banks should be disciplined and aware about what he is willing to do, and to stay informed about updates and news of the market.
It is undeniable that some banks offer very attractive investment offers that can help improve the standard of living for their customers, especially business owners. Wisdom is always to be fully aware of every step.

[Helena Yu]

Yes, banks definitely manipulate us, only 1% of educated people know about it.

The banks said they're the safe place to store our money, this is wrong because every year there's a new bank will bankrupt and they will not allow you to withdraw a huge money in once time withdrawal.

The banks said it's profitable to save in their banks because they offer interest to grow your money, this is wrong because the inflation rate is higher than the interest rate they offer.

The banks said fiat has a value, this is wrong, there's no fair value, but it's just because of people trust it.

[doomloop]

Once you open a bank account, you are required to deposit money. You won't be able to send them any money because the bank has already manipulated you. Especially when they already hold the money that you entrusted to them, because you can't simply release your money until you provide the requirements they need.
You have no control over the money you entrust to them, then when you bring in a large amount of money they will always accept it, but when you take out a large amount of your money from them they will ask you a lot of questions and requirements because they are the ones it's in control not you.

Can we call that manipulation? I wouldn't label it that way, though I agree that it is not right to ask questions or put up requirements in front of someone who is willing to withdraw his own money when he wasn't asked anything when he was depositing it, especially if it's a pretty large sum, on top of that, they might even make you do some paper work.

But, that isn't manipulation, that is basically authority that you have given them in the first place. If you had kept your money with yourself in a safe or somewhere you knew they will be safe, you wouldn't need to face that. One can even choose Bitcoin for that now.

[kojektea]

I think it's hard to prove how fraudulent the bank is. they have control of the world's money as their strength. if we don't feel accepted, he easily drops us. all we can do is accept and try not to fall into their manipulation. This is a smart way to manage finances, make investments, and also prepare against inflation.

[Blowon]

banks understand financial matters and various industries, they are smart in managing finances. I don't feel manipulated by the banks, but indeed some elite people who monopolize world trade are making financial damage even more, even the corruption rate in several countries is one of the reasons why inflation continues. the bank is not completely wrong, at least it helps us to store our assets much easier than we save them ourselves.

[dothebeats]

banks understand financial matters and various industries, they are smart in managing finances. I don't feel manipulated by the banks, but indeed some elite people who monopolize world trade are making financial damage even more, even the corruption rate in several countries is one of the reasons why inflation continues. the bank is not completely wrong, at least it helps us to store our assets much easier than we save them ourselves.

Just think of the sheer amount of people they are trying to screw over in order to make profit. Does that sound "not completely wrong" to you? They literally are just a group of people given the right permit by the government to borrow other people's money to make a profit. They are just "licensed borrrowers" that happens to have connections on investments to make more money. Plus, they are lending out money that are entrusted to them with interests, which is unfair but somehow in a business perspective it's perfectly fine and no one dare bat an eye.

Banks may be doing something for the people in terms of investments, asset safekeeping and all that, but their actions behind the scenes to make money are mostly unethical, but that's okay since they are doing something good.

[Wong Gendheng]

Many findings that banks often manipulate data, especially banks that have been registered on stock exchanges, so to convince their investors often manipulate data, the facts that occur in many banks who are of funds because it is difficult to find customers who want to save, various methods are done such as providing rewards To those who want to save money in the long run.

[fuguebtc]

 the bank is not completely wrong, at least it helps us to store our assets much easier than we save them ourselves.

In terms of business, they are not wrong, what they are doing is no different from companies in other fields, they have spent their brains and efforts, they have the right to receive what they set out to do. But if someone understands how it works and how banks take our money, that person will stay away from the bank rather than continue to trust. But you are right, they are not wrong because in order to make a profit, there must be a trick, if there is a fault, blame us for believing them too much and not having any doubts.

However, I strongly disagree when you think it is better for the bank to keep our assets than to let us keep them ourselves. It's strange that you don't believe in yourself but believe in a stranger and can give your assets to them to hold.

[19Nov16]

I don't know whether banks are manipulating, but from the many crime cases that have occurred, banks often make manipulations, even many banks provide good financial reports in the hope of surviving and gaining the trust of consumers, of course we don't know because the report determines whether the bank whether to manipulate or not is the authority of the central bank.

[wmaurik]

I don't know whether banks are manipulating, but from the many crime cases that have occurred, banks often make manipulations, even many banks provide good financial reports in the hope of surviving and gaining the trust of consumers, of course we don't know because the report determines whether the bank whether to manipulate or not is the authority of the central bank.

You also cannot say this carelessly when there is no really accurate evidence for this, because everything related to the crime needs to be proven through the facts that happened so that the accusation can be true. Besides, everyone doesn't need to assume that all banks are manipulating because until now there are still very many banks that are still trusted by the public for saving money. Apart from that, I also believe that you yourself are still using banks in your life if you are still in touch with cryptocurrency.

[Bitcoin2009]

Now the rules for banks are getting stricter, all transactions must be known to the central bank so if there is manipulation of course it will be easy to find out, a few years ago bad things happened in my country, namely banks that had no money because customers took money, this created a domino effect and panic so the government took over the troubled bank and its owner and several directors involved in corruption at the bank have been sentenced to death.

[Kadal Ijo]

Although there are many reports that banks are manipulating, but this is of course difficult to prove, the banks must have obtained permission and followed government regulations so that if someone is involved in manipulation and it is proven, the bank will be frozen, and in my country many banks have been frozen for many reasons.