Topic: Bitcoin is More Popular Than Traditional Banks (Read 929 times)
This is actually a piece of positive news, but it is a real survey or not. I see developments in my own country about Bitcoin. Younger generations are still many who do not know about Bitcoin. They still believe in a traditional bank. We know that investing in Bitcoin has a big risk, but it can make a big profit. Bitcoin is constantly being developed and I am optimistic if the future will be more and more of my young people doing Bitcoin trading activity.
5000 readers of crypto media means nothing. Banks will be more popular for years
Yes agree , people are crazy , banks will be alwayse be more popular more than bitcoin, 5K people are nothing compare billion people who use bank account. Bank account will be more secure than crypto in general!
Traditional banks are much more secure that bitcoin and much more people use bank services. But bank services are not available for many people in many countries and bitcoin is available for everybody.
According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.
This is interesting. I think many people prefer bitcoin because it involves less cost and it is an instant method. In the future, I am sure that bitcoin will be more popular than traditional banks, but for now, certainly traditional banks more popular.
Because traditional banks are still used by most of the world's population, especially the government strongly supports traditional banks.
So it is very difficult for bitcoin if now it wants to beat the popularity of traditional banks.
Because traditional banks are still used by most of the world's population, especially the government strongly supports traditional banks.
So it is very difficult for bitcoin if now it wants to beat the popularity of traditional banks.
This is true that at the moment, traditional banks still is standing above bitcoin. Users of bitcoin are increasing no doubt but the total population using banks is still far higher. Although not many like the banking system because of control but they still have no choice at the current time.
We can't deny the fact that Bitcoin is not that friendy for popular use. It's still risky for mst people to take responsability for their own money, as Banks avoid this risk fact. At the same time, many actual users of bitcoin, cryptocurrency in general, know less to nothing about the bitcoin protocole and can't wisely handle how they should use it. Not to mention those who beleive that using thus new technology requires the knowledge of the code behind and that it's only dedicated to devs.
I think we still need more time to develop more tools that help people adopt Bitcoin in a considerable large scale .
Almost 4k participants doesn't mean very much. There are so many bitcoin supporters there because they went out of their way to vote. It's a targetted survey. If you had to stop and ask random people at malls or at traffic lights they would mostly say banks. It will still be some time before crypto rivals the banking system for your common person/user. Crypto is still a niche but is being used more and more by regular sites as alternative payment methods. Crypto withdraws work very well for countries where having a bank account can be problematic or is not compatible. For example, not every bank is compatible with PayPal but crypto can be used by anyone with internet access.
So it is very difficult for bitcoin if now it wants to beat the popularity of traditional banks.
We are not looking for popularity contest but real application, if bitcoin could scale then it will be more popular and mode of transaction than any other method and hopefully we will reach that point in the future.I think Bitcoin and banking system is totally different things. we use Bitcoin as an investment. there are many people who investing in Bitcoin and earn money from it. It seems like a part-time job. but what about bank? we cannot invest on bank. though bank give us some profit if we put money at bank. but that is very limited. people put their money on bank because of safety issue and instant use. on the other hand, storing BTC on a hardware wallet is much more secured and profitable than Bank. so that I think this two are different.
There are major difference but similarities are bigger, bitcoin is not primarly an investment but a payment network for transaction and Satoshi had the vision to make it as a decentralized platform without any governing body. If you take bank, you can deposit money and earn interest and if it is listed in the stock exchange and if the bank is performing well then you might invest in them to earn money. I am expecting a world where the banking sector and the cryptocurrency sector coexist. legendary
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Bank have old of years and bitcoin just several years ago, how come bank not popular than bitcoin? but will give positive side when bitcoin have been legal payment transaction and become good competitor for bank how to make costumer most interested and funny using bitcoin as saving assets than have use bank to put their money.
Bank exist far more years than bitcoin and if we will based things from how people acknowledge theusages, bank still supreme than bitcoin.
I think Bitcoin and banking system is totally different things. we use Bitcoin as an investment. there are many people who investing in Bitcoin and earn money from it. It seems like a part-time job. but what about bank? we cannot invest on bank. though bank give us some profit if we put money at bank. but that is very limited. people put their money on bank because of safety issue and instant use. on the other hand, storing BTC on a hardware wallet is much more secured and profitable than Bank. so that I think this two are different.
5000 readers of crypto media means nothing. Banks will be more popular for years
Bank have old of years and bitcoin just several years ago, how come bank not popular than bitcoin? but will give positive side when bitcoin have been legal payment transaction and become good competitor for bank how to make costumer most interested and funny using bitcoin as saving assets than have use bank to put their money.
Bank exist far more years than bitcoin and if we will based things from how people acknowledge the
usages, bank still supreme than bitcoin.
I agree with you. It's not Bitcoin's aim to replace banks. Rather, its aim is to become a world-accepted currency, and BTC is doing good on the way to that. But even when Bitcoin becomes number one currency in the world, it won't be "more popular" than banks. Is USD more popular than banks currently? No.
We can't compare Bitcoin over banks because they are different and they have different uses. I think traditional banks are still more popular than bitcoin. Many people in different parts of the world do not have access to cryptocurrency, maybe in the future it is possible to happen because I know bitcoin has a good future.
According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.
It is encouraging indeed to see that bitcoin popularity is on the rise. I'd say that as with everything people need a "break-in" period so they get comfortable to the new technology although the new generations are more responsive to innovations.
In my country banks are trying to come with applications and budget management solutions. However they miss the whole point here - with Bitcoin we don't need to trust anyone with our money and we can have real privacy in our transactions. IMO the best way forward for the banks is to start building the infrastructure for cryptocurrencies - like following the DeFi model.
According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.
This is the main problem with all these surveys, they take a small percentage of people who are not having bank accounts and who invested in bitcoin or trading already and if you take a survey from a small group of people without a larger scope of individuals from different sectors you will end up with a huge number of people that are against traditional banks, just like the polls before elections, they randomly choose one team is going to win and then the opposite happens. 
Bank have old of years and bitcoin just several years ago, how come bank not popular than bitcoin? but will give positive side when bitcoin have been legal payment transaction and become good competitor for bank how to make costumer most interested and funny using bitcoin as saving assets than have use bank to put their money.
Bank exist far more years than bitcoin and if we will based things from how people acknowledge the
usages, bank still supreme than bitcoin.
According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.
Nice to hear this news but I dont think the situation is the same in my country where most of young people do not even know what bitcoin is and how the blockchain works. Only investors and people who really want to understand bitcoin have time to make research on this new technology. Laws are passed in order to prohibit bitcoin in payment and therefore, people dont want to involve in this kind of money. One day, I believe that bitcoin will be adopted in my country but it will be a long process 
In the future, I am sure that bitcoin will be more popular than traditional banks, but for now, certainly traditional banks more popular.
Because traditional banks are still used by most of the world's population, especially the government strongly supports traditional banks.
So it is very difficult for bitcoin if now it wants to beat the popularity of traditional banks.
Because traditional banks are still used by most of the world's population, especially the government strongly supports traditional banks.
So it is very difficult for bitcoin if now it wants to beat the popularity of traditional banks.
Well that's too hard to believe, many have heard about the technology but they haven't accepted the said technology as a means of adoption. Traditional Banks still have high rate of adoption from us compared to the digital currency, bitcoin is just a new technology that need more time to outgrown the existing one like the traditional Banks. Most citizens in US are not yet aware of Bitcoin existence, many other countries are strongly with the technology, so, the traditional Banks still lead.
It wouldn't be a surprised for me since I also have a huge trust on Bitcoin rather than the traditional banks.
I have some close friends who experience losing their money in their bank accounts while they are at home we all know that this could also happen in Bitcoin the only difference is we are in control on our Bitcoin we are responsible for our wallet unlike in banks.
I also hear so many stories that they lose some of their money because someone withdraw it while they are at home or working this is the reason why I don't trust the bank and I like Bitcoin when it comes to storing my savings.
I have some close friends who experience losing their money in their bank accounts while they are at home we all know that this could also happen in Bitcoin the only difference is we are in control on our Bitcoin we are responsible for our wallet unlike in banks.
I also hear so many stories that they lose some of their money because someone withdraw it while they are at home or working this is the reason why I don't trust the bank and I like Bitcoin when it comes to storing my savings.
Bank have old of years and bitcoin just several years ago, how come bank not popular than bitcoin? but will give positive side when bitcoin have been legal payment transaction and become good competitor for bank how to make costumer most interested and funny using bitcoin as saving assets than have use bank to put their money.
Bank exist far more years than bitcoin and if we will based things from how people acknowledge the
usages, bank still supreme than bitcoin.
Though if bitcoin continue bringing great results from people who have a in hand experienced using
and investing with bitcoin.
Expect that it will gained more attentions and possible more users and investors plus those businesses
who will also adopt the system for their payment transactions,.
Bitcoin is extremely safe for sending money. The best things are extremely low international transaction fees which can be lower by Lightning Network, which is not affected by the amount of transaction. At the banks, you have to also wait until you can create your account, at BTC you can just create a private key.
So Bitcoin has so many positives.
So Bitcoin has so many positives.
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