Topic: Bitcoin VS bank - page 13. (Read 1766 times)
Despite everything they say and how they try to convince me otherwise, I'm sure that banks will not be eliminated by bitcoins.
No I don't think that Bitcoin will be able to replace Banks in future.Both banks and Bitcoin have their own advantages and in many cases one is superior from another so I think in future both will work hand in hand.No doubt investing in Bitcoin is better than saving your money in Banks but Banks provide us with the features such as lending home loans,education loans, bussiness loans,mortgages,saving accounts etc which Bitcoin does not provides.Moreover it is difficult for Bitcoin to gain that amount of trust which people have on Banks.So I don't think Bitcoin will be able to replace Banks.
Replacing banks in terms of what ? Banks will be banks and bitcoin is still a currency. Banks will do the same way they do until the future. They can adapt to cryptocurrency but it cant be replaced by bitcoin. They are a different entity and also functions differently from one another. They can just be linked but are not the same.
People think that bitcoin can replace banks because bitcoin allows to you to be your own bank, you can store your money, you can make investments and even better you can send money all over the world without a third party deciding if they allow the transaction to go forward, however I agree that will be very difficult for bitcoin to replace banks because we know they can adapt to any circumstances and will do their best to deceive people so they think they are a needed part of the economy.
Holding Bitcoin you are own bank no need of third party and freedom of paperwork and free from hurdles which we face in tradition banking system.Traditional banks took time for transactions and there is risk of loosing money by theft or robbing.
Bitcoin is best technology of this century and it gave a way to how live standard life free from financial activities hurdles.
Bitcoin is best technology of this century and it gave a way to how live standard life free from financial activities hurdles.
Bitcoin is better than banks for sure, because it is decentralized and anonymous, and it have low fees compared to banking transactions. But we are forced to keep dealing with banks actually, because BTC is not supported by the governments and it is almost not used offline for the daily payments, and also most marketplaces around the world keep supporting only banking deals.
Without banks it would be very difficult to make payments, very difficult to make credits, it'd be very difficult to create money. Recently we've seen a lot of technological disruptor's enter financial services. So examples would include not only digital currencies like bitcoin but also peer to peer lenders crowd source funding and whole variety of other innovation that people are coming up with as waves to not use deposits to fund lending. So bitcoin is unusual creature because we are not sure who created it or exactly when it was created. Bitcoin is terrific alternative in most other countries the central banks aren't behaving that badly and so it doesn't provide that important of an alternative but it put a discipline on central banks if they have badly theirs a easy alternative.
Bitcoin and Bank are two different terms in different perspective. Bitcoin is a decentralized technology where people can do many things without touching any coin or money. Actually,all things are based on internet that means virtually.In the bank ,we can see the different things. People trust bank and put on their money in bank and all things are touch in their hand and their also don't need the internet mandatory.
As for me bitcoin will never replace banks because people are more use to fiat currency. However, Bitcoin can be an alternative for those individuals who prefer using cryptocurrencies.
Bitcoin is also a kind of alternative for those who used to put their funds to saving account at a small rate. BTC provides greater profit from your investment than any bank does. Of course bitcoin will not substitute banks, but it shows another profitable way of income.
bitcoin will not replace anything, I think bitcoin and bank will go hand in hand in the future, because both have advantages and disadvantages of each. this is just my opinion about bitcoin and bank in the future
I think bitcoin cannot replace banks. Bitcoin is a virtual currency, a crypto currency. While bank play a major role in every economy. Bitcoin may only replace paper money since it has a value, and a buying capacity upon convertion. Bitcoin may be honored by banks as a virtual money with value.
Don’t think now about banks disappearance. The time hasn’t come yet for crypto to change the monetary system. A lot of countries didn’t authorize bitcoin or even banned it.
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 the 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?
I think Bitcoin can replace the Bank in the future. Bitcoin has its own interest in its users. And so far Bitcoin is very promising and has been proven Bitcoin greatly assist the economy of lower, middle and even upper society. If the development of Bitcoin continues consistently I'm sure everything will depend on Bitcoin. Do you think bitcoin will replace Banks in the future?
The impact of bitcoin is growing, and I think the future is going to be a two-tiered one, where people who support blockchains will use bitcoin, and traditionalists will continue to support their Banks. They coexist.
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?
Do you think bitcoin will replace Banks in the future?
The banks and the banking industry in general will only transform. As you may have already noticed, there are still banks around us even here inside the world of cryptocurrency. I guess the banks will not really vanish. What will vanish is the traditional banking sector. However, this will only happen if they resist to bend and go along with the new trend. I am even afraid that the world's system of developing ruling class will not end. This world is not that open for such huge changes.
I don't think so bitcoin can replace banks because Bitcoin is not banks itself. in my opinion bitcoin only replace the debit card, not the bank.
Bitcoin has its advantages as decentralized nature of bitcoin could provide general consumers with a more efficient, robust, secure, and cost-efficient financial network as an alternative to the global banking infrastructure.
Bitcoin has its advantages as decentralized nature of bitcoin could provide general consumers with a more efficient, robust, secure, and cost-efficient financial network as an alternative to the global banking infrastructure.
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 never replace the banks. Because there are not much risk taking people like us. I like to keep money in bitcoins, but some people won't. So banks will always rule over cryptos. Thats the reality. Do you think bitcoin will replace Banks in the future?
The bank has emerged and developed long ago. But since the creation of bitcoin, many people have believed and used it. Due to the bitcoin's usefulness and low transaction fees, it is very user-friendly in parallel with traditional banking. I think the future of bitcoin and the bank will help each other to develop together, helping the economies of countries around the world grow along.
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?
Do you think bitcoin will replace Banks in the future?
I think not. Banks will remain as it and go on with their functions. Bitcoin will never replace anything. It is an additional opportunities for people because it is decentralized and have a freedom. Banks and bitcoin are two different things, we still need banks even their is bitcoin.
for me then this would not be attributable entirely. the Bank and the two assets are bitcoin is different and cannot be compared with each other.
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