Topic: Bitcoin VS bank - page 12. (Read 1779 times)
If I never think that bitcoin can replace the bank in the future because bitcoin also requires banks to withdraw the funds we get from bitcoin but if the bank no longer exists then the results we get from trading bitcoin can not be liquefied.
I think that banks will remain in some form, but they will need some big changes. For me using Bitcoin and other cryptocurrencies is so much easier than fiats.
Some banks already tested some crypto blockchains.
That change will eventually happen, it is just a matter of time as it is not easy for the government especially banks to have cryptocurrency, but if they have seen that they cannot break this then for sure they will find a way to get crypto as an added to their transactions. Some banks already tested some crypto blockchains.
I think that banks will remain in some form, but they will need some big changes. For me using Bitcoin and other cryptocurrencies is so much easier than fiats.
Some banks already tested some crypto blockchains.
Some banks already tested some crypto blockchains.
Bitcoin is a new idea to many so it is a little difficult for some of them to understand but as time goes by, bitcoin will take over the banks and all transactions will be crypto based.The banks has been around for ages and most people feel secured if they do transactions with the bank.The truth is that banks have not helped people to make money it only take from people but bitcoin help people to make money and give employment.
I think bitcoin will not replace the bank because Bitcoin is the first non-centralized digital currency,Like money in general, Bitcoin can be used to store wealth and to purchase goods electronically,While banks regulate the circulation of money such as the euro and the dollar..
Their some advantage present in bitcoin which make Bitcoin better than bank 
. Bitcoin is one kind of digital money and its related money transaction occurs in digital and their is no need to give full information of sender and receiver in order use bitcoin transaction facility, But incase of bank you have to give your all personal data. Bitcoin changes low transaction cost and fast processing to its users where as banks are doing opposite of this. In any country their central bank regulates their currency production and distribution but in case of Bitcoin that thing doesn't happen and due this their is instability in its price. 
I disagree that will happen anytime soon, if this will happen government will have to change the way they think about crypto and give room for crypto to operate freely.
I can say surely yes. But for such adoption of BTC a lot of time is needed.
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.
Do you think bitcoin will replace Banks in the future?
It’s true that Bitcoin Has gained a lot of popularity and since it has started throughout the world and in this process it has also gained a lot of users throughout the world because of which its demand has increased a lot but still I would prefer banks over bitcoin because firstly popular and banks have way more trust among the people than bitcoin throughout the world.Banks regulate the currency Whereas bitcoin is not regulated by government. Do you think bitcoin will replace Banks in the future?
Bitcoin is not developed in all over the people hand but banks are available for each and every people in the world so my opinion is people are very user friendly with banks so bitcoin will not replace banks nowadays.
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.
Do you think bitcoin will replace Banks in the future?
It’s true that Bitcoin Has gained a lot of popularity and since it has started throughout the world and in this process it has also gained a lot of users throughout the world because of which its demand has increased a lot but still I would prefer banks over bitcoin because firstly popular and banks have way more trust among the people than bitcoin throughout the world.Banks regulate the currency Whereas bitcoin is not regulated by government. Do you think bitcoin will replace Banks in the future?
Bitcoin & Bank both are totally different by their work and principle. Bitcoin is a currency and there has no transaction free and middle man also has no control. On the other hand bank maintain a rules and regulation, it has control and its take profit by the debt, transaction and on the counter of storing the money. So Bitcoin can never replace the Bank.
Bank it’s the traditional system and without banking system the economy of the country can’t think, on the country without Bitcoin the economy can possible to run though bitcoin helps to increase the economy. So Bitcoin can be the alternative currency, and bank use it as the money of exchange without taking it enemy of the bank.
Bank it’s the traditional system and without banking system the economy of the country can’t think, on the country without Bitcoin the economy can possible to run though bitcoin helps to increase the economy. So Bitcoin can be the alternative currency, and bank use it as the money of exchange without taking it enemy of the bank.
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.
Do you think bitcoin will replace Banks in the future?
bitcoin can not replace the bank. The government will not close the banks and instead will be the Bitcoin bank. Because Bitcoin is very hard to control and the government can not handle BitcoinDo you think bitcoin will replace Banks in the future?
Despite everything they say and how they try to convince me otherwise, I'm sure that banks will not be eliminated by bitcoins.
Well, considering the current scenario, I am damn sure that a high number of people would shift to trusted crypto option for their financial transactions. I don't think that Bitcoin or crypto will replace banking system but Bitcoin will gain the place among major players in the fund transfer industry. It's not about Bitcoin vs Banks but all about decentralization vs centralization at the end. No doubt, banks will have to adopt the blockchain technology to optimize their traditional infrastructure.
Crypto currencies and the banks are much needed in our today's world. The banks are also useful so I belief bitcoin and fiat currencies should compliment each other. It will be nice to withdraw your bitcoin in fiat currency since is the most accepted currency
Bitcoin has its own function, banks have their own. However, now in the banking sector there is a tendency to separate credit and investment divisions. I think that in a couple of years the banks will work with bitcoin.
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.
Do you think bitcoin will replace Banks in the future?
My analysis for this one was Bitcoin in an hour or a days pass by we can evaluate that our money will grows up automatically unlike bank there is an interest of it. Do you think bitcoin will replace Banks in the future?
Both systems are here to stay for the foreseeable future, although bitcoin has the potential to change commerce, and the financial system as we know it. Both systems have their advantages and disadvantages which have been discussed. Both will co-exist for the foreseeable future for the time being, although the world of finances and commerce has the potential for a revolution in how it operates due to the invention of bitcoin and other currencies derived from it and the blockchain has other uses, such as smart contracts, as used in the Ethereum platform. Bitcoin is an advance in technology, and potentially one that puts more power in the hands of the people.
In all countries, the banking system is very important, usually the banking industry can help a country's government to control the economy, the appearance of bitcoin will replace some of the banking functions in the financial aspect, so the bank is very cautious about the attitude of encryption, and the bank is now resisting to bitcoin. But I don't think bitcoin can take the place of banks.
I do hope there is a winner in this war between cryptocurrency and the banking system.
The banks have taken a lot of peoples funds from them in fees and low interest rates for they take their cut from what they actually should be pay you. Cause in reality they are borrowing your money to make even more profit than if you did it yourself.
With cryptocurrency you basically are your own bank and get 100% of the profits if you hold it and of what you borrow out using it.
The banks have taken a lot of peoples funds from them in fees and low interest rates for they take their cut from what they actually should be pay you. Cause in reality they are borrowing your money to make even more profit than if you did it yourself.
With cryptocurrency you basically are your own bank and get 100% of the profits if you hold it and of what you borrow out using it.
Individuals feel that bitcoin can supplant banks in light of the fact that bitcoin permits to you to be your own bank, you can store your cash, you can improve ventures and even you can send cash everywhere throughout the world without an outsider choosing on the off chance that they enable the exchange to go ahead, in any case I concur that will be exceptionally troublesome for bitcoin to supplant banks since we know they can adjust to any conditions and will do their best to trick individuals so they think they are a required piece of the economy.
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