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Topic: Can Bitcoin make Banks disappear? - page 15. (Read 427618 times)

sr. member
Activity: 994
Merit: 256
January 14, 2018, 03:26:19 PM
No i dont think it can really. People that know about bitcoin in the world are not even a quarter of the worlds population
This is happening because of high crypto demand and high market value as price of simple money is less than bitcoin. banks are afraid of being flop now as people are showing good interest for bitcoin investment and not ready to trust banks and it is god because bitcoin is safer than several banks it is able to carry with you anywhere and no one will be able to use your bitcoin but banks can be robbed and it is not going to make you earn huge profit.
newbie
Activity: 308
Merit: 0
January 14, 2018, 09:54:57 AM
if you look at the opinions of experts, Bitcoin has all the traits of staying and this means that Bitcoin will create a serious challenge for banks. It can be said that banks could disappear in the coming years, but one cannot be sure since governments are going to play their role as well.
sr. member
Activity: 756
Merit: 294
January 14, 2018, 05:12:14 AM
It is possible but it takes many years and decades to come up to make banks disappear because there is a lot of people deposits their saving and some government agencies produce money that is used in transactions.

Until there will be very high demand for cryptocurrencies, the government may finally adopt or create their own cryptocurrencies that are founded and transacted in blockchain technology. It is the people's demand and uses that will be the deciding factor in the future.
member
Activity: 173
Merit: 19
January 13, 2018, 06:38:12 AM
It is possible but it takes many years and decades to come up to make banks disappear because there is a lot of people deposits their saving and some government agencies produce money that is used in transactions.
member
Activity: 60
Merit: 10
Cryptocurrency Investor, economist, researcher.
January 13, 2018, 06:13:59 AM
In my opinion, the current collapse of prices and the stagnation I think due to the previous period of rapid growth. During the year the bitcoin price will grow more than $ 30,000.
 Wink
full member
Activity: 360
Merit: 100
January 12, 2018, 11:22:38 PM
I do not think so. We can clearly see that bitcoin is not big enough to erase banks. Because the number of bitcoins is not sufficient for all users, its value is quite high and does not fit into the small cost. If bitcoin remove the bank a large amount of money will traditionally store where?
newbie
Activity: 70
Merit: 0
January 12, 2018, 11:16:20 PM
I think the bank will not disappear, the currency in the future may be legal tender, but the bank will not disappear, he will use another form of existence, might require Banks to help the currency in the future
full member
Activity: 161
Merit: 100
January 12, 2018, 12:54:43 PM
Banks will not disappear the same way fiat will not disappear; all these things have their merit in the real world.
newbie
Activity: 3
Merit: 0
January 12, 2018, 12:51:02 PM
well considering that our world is ruled right now by the bankers , let s hope it is not the bank who will make bitcoin disappear lol


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hero member
Activity: 896
Merit: 500
January 12, 2018, 11:27:45 AM
Many people and governments are worried about the development of bitcoin, and even banks are expected to be directly affected by bitcoin, as the use and transaction of bitcoins is increasing rapidly and unpredictably.
newbie
Activity: 28
Merit: 0
January 12, 2018, 11:04:29 AM
I think not. All spray will.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
January 12, 2018, 10:52:25 AM
If bitcoin users continue to increase as it did in 2017, then I'm sure that the presence of bitcoin will make banks disappear and it does not seem to take long for this to happen.

for me no , why? many people uses fiat money because of lack of knowledge using bitcoin , i think many rick people who save in banks would no longer use bitcoin as theie banks because they were not interested holding cellphone or using computer so for me bank will still exist as they and no reason for them to disappear.

I agree with you. Banks will never disappear even if bitcoin improvement in the future in terms with their security to prevent them from being stolen or copied.

   I agree with people who said that banks in the way we know them will disappear, that
must happen. There are more reasons for that, and biggest ones are Bitcoin and crypto-
currencies.
   Traditional system has many flaws, and people start to see that. That is one of the
reasons why Bitcoin is gaining so fast popularity, people feel sick to watch rich get
richer without any work.
   Bitcoin together with crypto-currencies can make banks to disappear, it is just a
question when.
   
member
Activity: 112
Merit: 10
January 12, 2018, 10:44:32 AM
If bitcoin users continue to increase as it did in 2017, then I'm sure that the presence of bitcoin will make banks disappear and it does not seem to take long for this to happen.

for me no , why? many people uses fiat money because of lack of knowledge using bitcoin , i think many rick people who save in banks would no longer use bitcoin as theie banks because they were not interested holding cellphone or using computer so for me bank will still exist as they and no reason for them to disappear.

I agree with you. Banks will never disappear even if bitcoin improvement in the future in terms with their security to prevent them from being stolen or copied.
newbie
Activity: 1
Merit: 0
January 12, 2018, 09:58:30 AM
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newbie
Activity: 56
Merit: 0
January 11, 2018, 09:59:34 PM
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
totally agree on this
newbie
Activity: 54
Merit: 0
January 11, 2018, 09:57:23 PM
Bitcoin can 't make the bank disappear, also can saying is bitcoin has not developed to the extent that can let the bank disappear, the bank is one of the country 's most important department in charge of the country 's economic lifeline, bitcoin is not recognized now, so bitcoin is difficult to replace the bank.
full member
Activity: 248
Merit: 100
January 11, 2018, 09:50:41 PM
If bitcoin users continue to increase as it did in 2017, then I'm sure that the presence of bitcoin will make banks disappear and it does not seem to take long for this to happen.

for me no , why? many people uses fiat money because of lack of knowledge using bitcoin , i think many rick people who save in banks would no longer use bitcoin as theie banks because they were not interested holding cellphone or using computer so for me bank will still exist as they and no reason for them to disappear.
sr. member
Activity: 507
Merit: 250
Adoption Blockchain e-Commerce to World
January 11, 2018, 09:46:29 PM
If bitcoin users continue to increase as it did in 2017, then I'm sure that the presence of bitcoin will make banks disappear and it does not seem to take long for this to happen.
member
Activity: 574
Merit: 11
January 11, 2018, 09:37:10 PM
bank can't be disappear from this world cause it's the most important thing right now to withdraw money or transfer, even if the bitcoin replace the transfer money bank will find another way or upgrade their system so the people will use bank. Now bitcoin can't replace the function of bank cause this bitcoin is not popular among people.
hero member
Activity: 3010
Merit: 666
January 11, 2018, 09:32:54 PM
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...

the same thing happens in my country too, bitcoin prices are high but the users are still few because still not many know about bitcoin, in because there is still prohibition against payment using bitcoin

If there are prohibitions then you cannot expect the users to grow, in fact this will decrease because what they are doing is against the law.
That is some of the scenarios that I am afraid to happen in major countries where bitcoin is so popular as for sure it will affect the price and will give bad impression to new comers, I hope the government are open for change and they will embrace this kind of chances that would benefit the people.
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