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Topic: Can Bitcoin make Banks disappear? - page 231. (Read 427614 times)

hero member
Activity: 2520
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Payment Gateway Allows Recurring Payments
August 25, 2016, 11:57:01 PM
People lose more money every year stored in their bank accounts and atms as compared to Bitcoins, the only bitcoins that get stolen are because of either carelessness in handing private keys or investing in scams.

i think no people lost his money in bank, it's just lower interest if we compared with bitcoin interest (rising price).
but i think not all people who stored his money at bitcoin get interest, growing his money, some people who buying bitcoin in $700 and hold it, now lose arround 20% of his money.
yeah but things can be changed in future. even I am pretty much sure things will get changed in future 100%..
bitcoin price dropped little bit but it will raise again and everyone who invested when the price was 700$ they will also get profit. this is the game of patience. anyone one who have strongest well power well be in more benefit..

and banks won't give this amazing feature, but there is no chance that bitcoin can disappear banks. banks will remain.

Yeah bank is going to remain because the people really needs bank for the security of their money. And mostly, people who have millions of bucks are going to lend their money to the bank for the bank is able to use that money for investment and the bank is going to do the bank so that your money is going to grow easily.
legendary
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August 25, 2016, 11:17:02 PM
People lose more money every year stored in their bank accounts and atms as compared to Bitcoins, the only bitcoins that get stolen are because of either carelessness in handing private keys or investing in scams.

i think no people lost his money in bank, it's just lower interest if we compared with bitcoin interest (rising price).
but i think not all people who stored his money at bitcoin get interest, growing his money, some people who buying bitcoin in $700 and hold it, now lose arround 20% of his money.
yeah but things can be changed in future. even I am pretty much sure things will get changed in future 100%..
bitcoin price dropped little bit but it will raise again and everyone who invested when the price was 700$ they will also get profit. this is the game of patience. anyone one who have strongest well power well be in more benefit..

and banks won't give this amazing feature, but there is no chance that bitcoin can disappear banks. banks will remain.
sr. member
Activity: 406
Merit: 250
August 25, 2016, 10:56:41 PM
I am not sure it can happen, better not to think about it and make more and more money with bitcoin everyday till it's works, cause someday it's MAYBE can dissaper.
of course it can, in my opinion it is the only question in time when we will see it happening, it would be really great to be honest because it would give me some decent money
i hope that the bitcoin price might be growing but anything is possible so dont put too much hopes into it
That is correct putting all your money in bitcoin wallet is like putting your life in risk, just put only portion of your money and save other money in the bank for security purposes, and i do not ever think that bank will disappear because of bitcoin that is will never happen.
Agree that we do not need to invest most of our money in bitcoin many things possible to happen that is why we need to save a lot in bank because bank has a insurance what ever bad happen in your money inside the bank there are insurance that will return back your money.
hero member
Activity: 714
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August 25, 2016, 10:24:07 PM
I am not sure it can happen, better not to think about it and make more and more money with bitcoin everyday till it's works, cause someday it's MAYBE can dissaper.
of course it can, in my opinion it is the only question in time when we will see it happening, it would be really great to be honest because it would give me some decent money
i hope that the bitcoin price might be growing but anything is possible so dont put too much hopes into it
That is correct putting all your money in bitcoin wallet is like putting your life in risk, just put only portion of your money and save other money in the bank for security purposes, and i do not ever think that bank will disappear because of bitcoin that is will never happen.
hero member
Activity: 644
Merit: 509
August 25, 2016, 09:51:24 PM
People lose more money every year stored in their bank accounts and atms as compared to Bitcoins, the only bitcoins that get stolen are because of either carelessness in handing private keys or investing in scams.

i think no people lost his money in bank, it's just lower interest if we compared with bitcoin interest (rising price).
but i think not all people who stored his money at bitcoin get interest, growing his money, some people who buying bitcoin in $700 and hold it, now lose arround 20% of his money.
legendary
Activity: 3276
Merit: 1029
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August 25, 2016, 08:37:48 PM
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?



I think it's impossible to make bank disappear, bitcoin just another alternative payment and we still need a bank. it's just my opinion
That's right I giving any example for that if our in the world of war and I think a lot of people will leaving from bitcoin because bitcoin is not usefulness in the urgent situation without internet.
And during the war why did you think the banks will not going to be collapse? With bitcoin you can save your moneg during the war for the security and could just took it when the war just ends,in war,food is the most important things not money
Are you sure if after the war the internet is will already exist? i think a lot of people will never thinking about that because for saving their is too difficult with the chaos in every where. especially think for the internet and the main currency will saving us just a gold.
sr. member
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August 25, 2016, 03:47:51 PM
I am not sure it can happen, better not to think about it and make more and more money with bitcoin everyday till it's works, cause someday it's MAYBE can dissaper.
of course it can, in my opinion it is the only question in time when we will see it happening, it would be really great to be honest because it would give me some decent money
i hope that the bitcoin price might be growing but anything is possible so dont put too much hopes into it
sr. member
Activity: 281
Merit: 250
August 25, 2016, 02:34:27 PM
to me  bank will do work with bitcoin in combination. and it will be good both for bitcoin and banks, to me banks will accept bitcoin and then people will use banks for transaction of bitcoin . and will receive good income from bicoin.
hero member
Activity: 2968
Merit: 605
August 25, 2016, 02:07:05 PM
i realy hope it can banks MUST disappear they eat on our earning very high commision
sr. member
Activity: 259
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August 25, 2016, 01:09:14 PM
I believe that both can coexist, so people can choose which one to use.
hero member
Activity: 854
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August 25, 2016, 01:08:34 PM
Nope, banks is protected by the goverment of country when this banks situated, can i am not sure that for any county working with bitcoins is really profitable.
member
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August 25, 2016, 09:56:00 AM
Banks will not dissappear. We will still need banks as not everyone will use Bitcoin. We are already seeing banks for Bitcoin. If anything banks as we know them may have to move with the times and start bitcoin accounts. At the end of the day banks make money of our money they will want to try making money from bitcoin too.

But what if it would really happen? I know it is possible
hero member
Activity: 952
Merit: 1000
August 25, 2016, 09:26:57 AM

Bitcoin will not be able to make disappear the bank because the bank has a very strong economic strength. So that bitcoin will not affect the bank let alone make disappear. The Bank will continue to progress so that it can compete well.

Yeah, it was to be ensured. because the bank is a source or Foundation in finance each country. If the BANK is missing then the finances of the State will be messy and it will affect the economy of the country. keep using both and use the bitcoin for profit or investment and use the banks to keep the money with the guarantee and secure

Yeah we need both of them and both are important for us as banks will take care of fiat expenses and our regular transactions, and bitcoin is the best when comes to online world.
sr. member
Activity: 259
Merit: 250
August 25, 2016, 09:21:33 AM
People lose more money every year stored in their bank accounts and atms as compared to Bitcoins, the only bitcoins that get stolen are because of either carelessness in handing private keys or investing in scams.
Yes, problems caused by human error factor.
member
Activity: 117
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August 25, 2016, 08:50:05 AM
People lose more money every year stored in their bank accounts and atms as compared to Bitcoins, the only bitcoins that get stolen are because of either carelessness in handing private keys or investing in scams.
hero member
Activity: 3024
Merit: 680
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August 25, 2016, 08:28:50 AM
Banks fear bitcoin about as much as Coca Cola Company fears some kids selling lemonade. In the global financial market bitcoin is the equivalent of a statistical rounding error. Coinmarketcap.com's historical tracking shows that bitcoin's long-term market share of cryptocoins is declining, not increasing.

https://coinmarketcap.com/charts/#btc-percentage


That's the reality that banks do fear that they are going to be conquered by bitcoin. As the users of it doesn't need to go to the physical bank just to deposit and withdraw their money. It is very safe at all even if they are just going to deposit or withdraw in their houses. But as of now, it is not going to happen it is going to take a lot of time before it happens.
hero member
Activity: 756
Merit: 520
August 25, 2016, 08:28:06 AM

Bitcoin will not be able to make disappear the bank because the bank has a very strong economic strength. So that bitcoin will not affect the bank let alone make disappear. The Bank will continue to progress so that it can compete well.

Yeah, it was to be ensured. because the bank is a source or Foundation in finance each country. If the BANK is missing then the finances of the State will be messy and it will affect the economy of the country. keep using both and use the bitcoin for profit or investment and use the banks to keep the money with the guarantee and secure
newbie
Activity: 42
Merit: 0
August 25, 2016, 08:24:22 AM
Banks fear bitcoin about as much as Coca Cola Company fears some kids selling lemonade. In the global financial market bitcoin is the equivalent of a statistical rounding error. Coinmarketcap.com's historical tracking shows that bitcoin's long-term market share of cryptocoins is declining, not increasing.

https://coinmarketcap.com/charts/#btc-percentage
legendary
Activity: 1218
Merit: 1000
August 25, 2016, 12:29:50 AM

Bitcoin will not be able to make disappear the bank because the bank has a very strong economic strength. So that bitcoin will not affect the bank let alone make disappear. The Bank will continue to progress so that it can compete well.
hero member
Activity: 714
Merit: 531
August 24, 2016, 09:32:20 PM
I do not think this is possible  because the bitcoin is just to small right now maybe its possible in the future.
But the time will learn it because the bitcoin is not to predict of course.
Even in the future bank still remain in this world, bank will do some adjustment if the bitcoin value will goes high than this moment and bank already know what they need to do if that will happen, and i think bitcoin will be adopted by the bank for their additional income.
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