Topic: Bitcoin x banks - page 7. (Read 1962 times)
I do believe that bitcoin or cryptocurrency can distupting banks bussiness. With fast transfer and lower fee transaction and anonym, bank will not able to compete that bitcoin advantages. But in other way, i do believe that bank lobby is obstacle for bitcoin development
I also believe that Bitcoin and other crypto currency like ripple have so much to do concerning bank, money, finance and economics just as youtube did in terms of television and this the reason why I feel so sad about the FUD said from the governments, regulators etc.
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
Thats really interesting thought I would say. However I do think that this is not the case yet as we still dont have that much bigger out reach as it should have been to replace the banks with BTC in terms youtube to the TV!
We lack one point here. Whenever we have to get to the BTC then we need to go though the banks as they are first line of transaction agents for us and we cant buy or sell against the fiat currency if we dont have the banks. You do understand that part of it isn't it? We need to surpass this barrier so that we can end up having the nest results.
For me as much as what the popularity of bitcoin in the world will not make the bank a bit erased, it will be the same at the same time nothing is not good both, the two can still be together for the future, bitcoin still need a bank for people get all the money in bitcoin, but bitcoin has everything and is very profitable in terms of investment, I do not think like youtube and television but I think it will run as usual no one has problem in this thread.
I think both of them are good and it help people in economic, crypto help personal economic situation and the bank help the country's economic, so I think we need both of them, the different perspective from crypto and bank is the one that complete each other and make people's life better and easier, I really hope bank and crypto can grow together
as far as I think investing in bitcoin and bank are equally good, but for me it's still nice to save money in bitcoin than we keep it in the bank, because the opinion of the dibank is very low compared to bitcoin.
actually both equally need each other and fill each other with the advantages and disadvantages of each, but the matter of investment of course very clear it is better with bitcoin than with a high enough price and the need with bitcoin is very high, but the impact is also very big if you lose compared with banks certainly safer and fewer losses.
In what aspect of banking are you relating bitcoin to? Bitcoin will not replace the key roles of a bank, specially in stimulating the economy since you cannot create bitcoins out of thin air. But if in the sense of storing your hard-earned money, bitcoin is a serious contender since many people would opt in taking the chance of getting some profits while idling their money compared to the 0.25%-1% interest rate the banks are offering for a deposit. Currently, we're still far from getting some solid number of people wanting to ditch the banks and go full bitcoin, but once people get educated, most of them will consider this option since it offers good rates.
Well, that thing is hard to determine perhaps bank and bitcoin are too different. It's proven many years that banks are secured in terms of holding and depositing money while bitcoin is highly volatile of all those in the bank. It only differs there characteristics in payments and money transfer.
Although bitcoin is showing great advantages in terms of payment and finance but I think it is still very difficult to be able to replace the bank because the number of people know and trust the bitcoin is still very limited processing. Bitcoin can exist as a valuable asset and is increasingly gaining in the investment community. I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
I don't think that bitcoin will completely replace banks IMHO. Most likely, bitcoin will serve as the primary alternative to the fiat banking system. I guess you could draw the analogy of youtube and TV to bitcoin and banks, because the pair coexists.
I do see a significant decrease in satisfaction with banks and the fiat banking system in the coming years, and a massive increase in adoption rate for bitcoin. When people start to realise that everything they own is literally controlled by a centralised entity, they will start moving to bitcoin.
But again, banks won't completely disappear. Even bitcoin banks may start to appear if mass adoption starts happening.
All of this won't happen overnight. There's a gradual process that may take years or decades, just like how the internet progressed to where it is right now.
Well, that thing is hard to determine perhaps bank and bitcoin are too different. It's proven many years that banks are secured in terms of holding and depositing money while bitcoin is highly volatile of all those in the bank. It only differs there characteristics in payments and money transfer.
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
We will never get there. Can Bitcoin help you with a mortgage to buy a house? Bitcoin may put PayPal out of business, but banks will always be there. There is only one aspect of banks (money transfer and payments) which will be affected by bitcoin and even in this case, they are fighting back.
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
We will never get there. Can Bitcoin help you with a mortgage to buy a house? Bitcoin may put PayPal out of business, but banks will always be there. There is only one aspect of banks (money transfer and payments) which will be affected by bitcoin and even in this case, they are fighting back.
Let's hope that it is not the case, as youtube didn't do a lot of damage to the television, as most of the people still watches television shows on a daily basis.
A better example is what video did to the radio, people stopped listening to radio as they can both watch and listen to videos.
Bitcoin is still not prepared to overcome the traditional currencies and it can't still fight against the governments in order to get legalization.
A better example is what video did to the radio, people stopped listening to radio as they can both watch and listen to videos.
Bitcoin is still not prepared to overcome the traditional currencies and it can't still fight against the governments in order to get legalization.
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
Nah I don't think so bitcoin will never replace bank like youtube did to television (though youtube is not completely replaced tv) . Instead of adopting bitcoin they will make their own centralized cryptocurrency, or just adopt blockchain technology. If you ask banker why they afraid of Bitcoin the answer must be same as post office afraid of email service.This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
Let's be real this will never happen.
Since your reasoning is so vague that it is difficult to understand what is at issue, but the title of the topic is bitcoin and banks, I can say that banks have existed for a very long time and will exist as long as the state exists. Banks are an indispensable attribute of each state. Crypto currency can not replace banks and can not affect them so much that banks have stopped their activities or significantly changed it. Crypto currency and banks will be forced to exist together and in parallel with each other.
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
Just look at the number of investors pitched into crypto currencies than share markets with local currencies. This would confirm you the result. Investors have turned towards crypto currencies. The local currencies moments and circulation have decreased compared to days when crypto currencies were not in exist. Yes, crypto currencies especially Bitcoin will make the same effect to banks that youtube did to television (at least). I am sure it began long back. We are far ahead to this.
It's hard to say that bitcoin will ever be able to replace banks like youtube did to tv because countries need regulations and the thing with bitcoin is that you just cannot regulate it, no matter how hard you try.
Only if the government makes a similar token of bitcoin and start using it in the country for various transactions then it should work ( with bitcoins it will surely not work )
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So how far from that you guys think we are now?
Only if the government makes a similar token of bitcoin and start using it in the country for various transactions then it should work ( with bitcoins it will surely not work )
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
One day... may be.
I think that this is not possible at the current usability of crypto-currencies.
Crypos are still focused on a tech nerd and the technology is far away from the usability for mass adoption.
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
This statement was made in a documentary from a long time ago that I watched.
So how far from that you guys think we are now?
Very hardly it takes around 10 years from present time. Banks will be optional for the people to have the fund but international corporates and Governments try to pull down the bitcoin for sure as they are that much techy and if government steamline the payment in bitcoins then all should be under one pipeline.
Those corrupted people will not allow bitcoin to grow up.
Still we have more potential projects comes to market and they will get the marketplace in control mate.
Luckily here in my country, our government did not put any law regarding bitcoin and other cryptocurrencies. But our banks refusing bitcoin transaction to transfer into a bank account if they noticed that it is related to cryptocurrency transaction they cut your account in the bank.
Well, I must prefer both investment or storing my currencies, I have a bank account and also I have a wallet for my cryptocurrencies wallet.
So far I have known it better to have both just go with the flow.
Well, I must prefer both investment or storing my currencies, I have a bank account and also I have a wallet for my cryptocurrencies wallet.
So far I have known it better to have both just go with the flow.
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