Banks Are Freaking Out About Bitcoin
It's happening! Bank of America admits cryptocurrency is "a competitive threat" to their business.
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i just said this myself: Funny thought the same FUD as when the theft happened originally but now there's way more people involved and the market is incredibly resilient. The reality is that it could happen to any bank like in europe and the bank would have to shut down maybe go bankrupt if someone withdrew 3.75% of it's capital, but that didn't happen. If the banks are watching or testing they now know they cannot compete with crypto's
I used to be able to make instant crypto purchases with my Citibank Double Cash card on Coinbase, but not anymore. Transaction won’t even go through. I can use another card, but they are charging a “cash advance” fee of 3% on top of Coinbase’s fee. The fight is on and it’s real baby. HODL until we crush the Federal Reserve and the banking system...
doc. I don't think "HODL" is going to cut it. Somehow, there has to have an economy developed where crypto can be borrowed to purchase real estate, a vehicle and perhaps capitalize an enterprise. Otherwise, it will be colored as another "beanie baby" or "baseball card collection"... NOT CURRENCY. And obviously, as you point out: "Banks" connected to the Fed are NOT going to make this transition easy.
I use “hodl” as a kind of blanket term of support for cryptocurrencies. More than just buying some bitcoin and using it as a store of value, but using it to transact for everything in our daily lives without some financial institution playing the middleman and reporting back to the government. I completely understand what you are saying and totally agree, except that we are waaaaay beyond the point of some “beanie baby” or “baseball card” fad. Cryptos are here to stay, they will not go away, the banks know it and they are reaching full blown panic mode...
I am on in on the HODL no freaking out! The banking systems and the entire government is one BIG theft
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Wow ... this is cooool lol
Thanks 🙏🏼
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Waiting for the day when all expenses can be paid for in crypto. Until that day I have to use the poor services are bankers.
Side note: When will the crypto FUD end. Tried of these 10% dips when individual centralized exchanges have problems. Or when the suits open their dumb mouths.
OH wow! This is becoming very, VERY, entertaining. Got my popcorn ready to watch the collaps of these horrific institutions.
It's about time :)
They might as well come clean that Bitcoin is better than those pieces of paper that they churn out like there's no tomorrow.
That's great, all i have to do is to get me some of them Bitcoins haha
Game over Jamie "demon" !
Jamie 'Tapeworm' Dimon is worried.
At one side, Bank of America admits that cryptos is threatning fiat and bank business and on the other side crypto is showing bearish trend. Red every where. Let's hope for the best. @dollarvigilante
Banks ought to freak out
It just got started.
Bitcoin is doing to banks what Email did to the postal industry