Topic: Can Bitcoin make Banks disappear? - page 119. (Read 427614 times)
I don't think so. Bitcoin may be a new and convenient currency, but I don't think it could totally replace banks as a whole. Bitcoin is not tangible and stable. There are still some things that banks can do which bitcoin cannot provide. Not all transactions can be done online so unless new innovations are underway that would substitute the functions of a bank, it may not disappear just yet.
Banks may lessen but apparently it will not disappear. As they may also innovate and plan for the future. They might add bitcoin too in their businesses.
Banks will never disappear cause its a place where you can save your money for safety purposes. And bitcoin can never do that thing,maybe banks will accept bitcoin, im thinking you can open a bitcoin account on banks.
The government created the bank and it's impossible to say that the government will let this happen, the banking industry are the major leader in financial industry and all banks are govern by central bank which was created by the government.
I think it is impossible because bitcoin money will exist, banks will also exist.
It's just a rational thought
It's just a rational thought
Banks will never disappear cause its a place where you can save your money for safety purposes. And bitcoin can never do that thing,maybe banks will accept bitcoin, im thinking you can open a bitcoin account on banks.
No bitcoin cannot make bank disappear i think bitcoin might need bank in the future to store paper wallets right?
And its the opposite of bitcoin "centralized" so we need to make it balance.
I don Think so, I am Sorry but we do not need bank to store our bitcoin because even online wallet is quite save. I suggest You to use hardware wallet to save a big amount of bitcoin. I think Bank usage will be decrease becouse of bitcoin.And its the opposite of bitcoin "centralized" so we need to make it balance.
No bitcoin cannot make bank disappear i think bitcoin might need bank in the future to store paper wallets right?
And its the opposite of bitcoin "centralized" so we need to make it balance.
I don Think so, I am Sorry but we do not need bank to store our bitcoin because even online wallet is quite save. I suggest You to use hardware wallet to save a big amount of bitcoin. I think Bank usage will be decrease becouse of bitcoin. And its the opposite of bitcoin "centralized" so we need to make it balance.
Perhaps bitcoin makes Banks disappear. There are mnay instances that bitcoin can make it happen first is that it has such big potential in your investment or savings. Most banks offer .25% interest and it takes a lot of patience for your money to grow otherwise you have other linkages in order to expand or get higher interest. Though bitcoin drops or increases its rate at least you really can see the big gaps between banks and bitcoin. Technically banks may disappear soon.
No bitcoin cannot make bank disappear i think bitcoin might need bank in the future to store paper wallets right?
And its the opposite of bitcoin "centralized" so we need to make it balance.
And its the opposite of bitcoin "centralized" so we need to make it balance.
iy's far beyond on happeninh that, btc is for online processing or yransaction while bank is for physical or actual thing.
No bitcoin cannot make bank disappear i think bitcoin might need bank in the future to store paper wallets right?
And its the opposite of bitcoin "centralized" so we need to make it balance.
And its the opposite of bitcoin "centralized" so we need to make it balance.
Bitcoin is bitcoin, Bank is Bank, people who use Bitcoin my not use Bank and one who uses Bank may not uses Bitcoin so that the grown of bitcoin can not make Bank disapper
I think so, Bank and Bitcoin is not related, people need Bank to take cash and Bitcoin is the way that can enable people to send money through the InternetMakes perfect sense. There will be people that will prefer bitcoins for online transactions and bank for fiat money. For me, I only use bitcoin for trading, investing to online casinos, and some sportsbetting, the rest are fiat money which of course involves banking transactions.
In other words, bitcoin and banks will not make each other disappear but rather coexist in providing a diversified services to the people which gives them more options to choose from. Banks are for fiat while wallets are for bitcoin so basically that's it.
Bitcoin is bitcoin, Bank is Bank, people who use Bitcoin my not use Bank and one who uses Bank may not uses Bitcoin so that the grown of bitcoin can not make Bank disapper
I think so, Bank and Bitcoin is not related, people need Bank to take cash and Bitcoin is the way that can enable people to send money through the InternetMakes perfect sense. There will be people that will prefer bitcoins for online transactions and bank for fiat money. For me, I only use bitcoin for trading, investing to online casinos, and some sportsbetting, the rest are fiat money which of course involves banking transactions.
In other words, bitcoin and banks will not make each other disappear but rather coexist in providing a diversified services to the people which gives them more options to choose from. Banks are for fiat while wallets are for bitcoin so basically that's it.
That is correct my friend. They coexist with one another - giving great service and value to its clientele. Isn't it cool that we have several services to choose from with regards to our finances and investment?
Bitcoin is bitcoin, Bank is Bank, people who use Bitcoin my not use Bank and one who uses Bank may not uses Bitcoin so that the grown of bitcoin can not make Bank disapper
I think so, Bank and Bitcoin is not related, people need Bank to take cash and Bitcoin is the way that can enable people to send money through the InternetMakes perfect sense. There will be people that will prefer bitcoins for online transactions and bank for fiat money. For me, I only use bitcoin for trading, investing to online casinos, and some sportsbetting, the rest are fiat money which of course involves banking transactions.
In other words, bitcoin and banks will not make each other disappear but rather coexist in providing a diversified services to the people which gives them more options to choose from. Banks are for fiat while wallets are for bitcoin so basically that's it.
Bitcoin is bitcoin, Bank is Bank, people who use Bitcoin my not use Bank and one who uses Bank may not uses Bitcoin so that the grown of bitcoin can not make Bank disapper
I think so, Bank and Bitcoin is not related, people need Bank to take cash and Bitcoin is the way that can enable people to send money through the InternetMakes perfect sense. There will be people that will prefer bitcoins for online transactions and bank for fiat money. For me, I only use bitcoin for trading, investing to online casinos, and some sportsbetting, the rest are fiat money which of course involves banking transactions.
Bitcoin is bitcoin, Bank is Bank, people who use Bitcoin my not use Bank and one who uses Bank may not uses Bitcoin so that the grown of bitcoin can not make Bank disapper
I think so, Bank and Bitcoin is not related, people need Bank to take cash and Bitcoin is the way that can enable people to send money through the Internet 
Bitcoin is bitcoin, Bank is Bank, people who use Bitcoin my not use Bank and one who uses Bank may not uses Bitcoin so that the grown of bitcoin can not make Bank disapper
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
That has a possibility to happen but making bank disappear that is impossible. Bitcoin is not that powerful to make that happen. But if you want to save your money like in a bank you can used different wallet. Yes I agree. Bitcoin cannot make banks disappear. Like what you said, maybe they will try to adopt and open their banks to accept bitcoin deposits and withdrawals. Things that fiat money can do. You can loan bitcoin and invest. But it is hard again because of its unstable price.
With time when people realize giving themselves the power instead of letting the bank have it is a far better way to live. The bank will just take you money and loan it out making fat interest on it yearly.
Only if peer to peer technology replaces the loaning facilities that banks provide to users will they disappear. Most people don't store their money in banks already, but they do use them for home mortgages and business loans and the like.
Correct, due to the massive info campaign that it is not ideal to save money on bank because it will be defeated by inflation, people tend to invest their money instead of saving it on banks. But there are still who prefers saving money to banks so it can be ready for use at anytime they needed it.
its indeed not a good decision since we knew btc and we do know that btc can do bank task more advance and less hassle.
Less hassle? yes. But you need to be more patient. With the transactions and confirmations so slow these days, you don't know when will you receive your bitcoins.The good thing about these digital currency is that you can be a bank of your own money, you can manage it the way you want it.
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
That has a possibility to happen but making bank disappear that is impossible. Bitcoin is not that powerful to make that happen. But if you want to save your money like in a bank you can used different wallet. Yes I agree. Bitcoin cannot make banks disappear. Like what you said, maybe they will try to adopt and open their banks to accept bitcoin deposits and withdrawals. Things that fiat money can do. You can loan bitcoin and invest. But it is hard again because of its unstable price.
With time when people realize giving themselves the power instead of letting the bank have it is a far better way to live. The bank will just take you money and loan it out making fat interest on it yearly.
Only if peer to peer technology replaces the loaning facilities that banks provide to users will they disappear. Most people don't store their money in banks already, but they do use them for home mortgages and business loans and the like.
Correct, due to the massive info campaign that it is not ideal to save money on bank because it will be defeated by inflation, people tend to invest their money instead of saving it on banks. But there are still who prefers saving money to banks so it can be ready for use at anytime they needed it.
its indeed not a good decision since we knew btc and we do know that btc can do bank task more advance and less hassle.
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
That has a possibility to happen but making bank disappear that is impossible. Bitcoin is not that powerful to make that happen. But if you want to save your money like in a bank you can used different wallet. Yes I agree. Bitcoin cannot make banks disappear. Like what you said, maybe they will try to adopt and open their banks to accept bitcoin deposits and withdrawals. Things that fiat money can do. You can loan bitcoin and invest. But it is hard again because of its unstable price.
With time when people realize giving themselves the power instead of letting the bank have it is a far better way to live. The bank will just take you money and loan it out making fat interest on it yearly.
Only if peer to peer technology replaces the loaning facilities that banks provide to users will they disappear. Most people don't store their money in banks already, but they do use them for home mortgages and business loans and the like.
Correct, due to the massive info campaign that it is not ideal to save money on bank because it will be defeated by inflation, people tend to invest their money instead of saving it on banks. But there are still who prefers saving money to banks so it can be ready for use at anytime they needed it.
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
That has a possibility to happen but making bank disappear that is impossible. Bitcoin is not that powerful to make that happen. But if you want to save your money like in a bank you can used different wallet. Yes I agree. Bitcoin cannot make banks disappear. Like what you said, maybe they will try to adopt and open their banks to accept bitcoin deposits and withdrawals. Things that fiat money can do. You can loan bitcoin and invest. But it is hard again because of its unstable price.
With time when people realize giving themselves the power instead of letting the bank have it is a far better way to live. The bank will just take you money and loan it out making fat interest on it yearly.
Only if peer to peer technology replaces the loaning facilities that banks provide to users will they disappear. Most people don't store their money in banks already, but they do use them for home mortgages and business loans and the like.
Jump to: