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Topic: Can Bitcoin make Banks disappear? - page 242. (Read 427614 times)

sr. member
Activity: 259
Merit: 250
July 20, 2016, 07:26:11 PM
I'm a fan of Bitcoin, but I don't think so. These banks are like a plague, and some of them are adopting blockchain technology.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
July 20, 2016, 07:04:26 PM
I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

I also do the same, and I think almost all of the people who sell their coins and withdraw them then they take the help of banks to get that money and without that it will be much harder for us to get our money as it will be harder to trust on any other organization, a copy of bank.


Well this is what I'm doing to do, I am withdrawing it for fiat. And after withdrawing it I am now storing it on the bank. And I have done it many times.
Because the banks are really safe at all so that your money can get some small interest on it. But if this happens that bitcoin is going to make banks disappear we are really on the high technology by that time.
hero member
Activity: 798
Merit: 500
July 20, 2016, 06:55:41 PM
I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

I also do the same, and I think almost all of the people who sell their coins and withdraw them then they take the help of banks to get that money and without that it will be much harder for us to get our money as it will be harder to trust on any other organization, a copy of bank.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
July 20, 2016, 06:41:31 PM
I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

As of today that is very impossible at all that bitcoin is going to make the banks disappear because the government is not going to allow it.
And bank is playing a big role in an economy of a country, of course they will not going to let it happen.
But we don't know what is going to happen because of technology.
sr. member
Activity: 257
Merit: 250
July 20, 2016, 06:34:51 PM
I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank
hero member
Activity: 756
Merit: 501
July 20, 2016, 06:02:07 PM
I hope it is not possible to banks disappear because of bitcoin, people have strong stable transaction in banks than bitcoin . they still needing the banking services to even purchase and trade the Bitcoins online, i hope both banks and bitcoins are required for people to increase their financial credibility.
Bank will never disappear by any currency its because bank is the holder of currency and i only see the bank will adopt bitcoin if the price will be stable in the future but i do not want to happen that because we can not earn big amount on our investment if the price will be stable.

Banks will provide various kinds of service. It is not just a place for us to save money, we can also borrow from banks.

Thats whay makes and keeps banks alive, they borrow several and pay a small fee as interest from our savings. Bitcoin has no such option to lend someone over 40 years, its hard to trust other people over 30 days, some loans here has those timeline, i never saw a loan above such period. Sure btcjam and similiar project allows, and in the end the most who lended the money will loose their coins to someone.
hero member
Activity: 1820
Merit: 537
July 20, 2016, 12:02:38 PM
I hope it is not possible to banks disappear because of bitcoin, people have strong stable transaction in banks than bitcoin . they still needing the banking services to even purchase and trade the Bitcoins online, i hope both banks and bitcoins are required for people to increase their financial credibility.
Bank will never disappear by any currency its because bank is the holder of currency and i only see the bank will adopt bitcoin if the price will be stable in the future but i do not want to happen that because we can not earn big amount on our investment if the price will be stable.

Banks will provide various kinds of service. It is not just a place for us to save money, we can also borrow from banks.
hero member
Activity: 994
Merit: 502
July 20, 2016, 12:14:45 AM
I hope it is not possible to banks disappear because of bitcoin, people have strong stable transaction in banks than bitcoin . they still needing the banking services to even purchase and trade the Bitcoins online, i hope both banks and bitcoins are required for people to increase their financial credibility.
Bitcoin really can not make the banks disappear because it is highly unlikely. Banks still have a very important role for everyone. I think bitcoin used to benefit while the bank to save money securely. Bitcoin and usefulness of each bank.
very low possibilities for that, banks play a important role in every country. people those who have no access to traditional bank systems, but they have internet access on devices like phones get a hold on bitcoin. Right now the value is low because only 1st world cultures are using this technology at the moment.
member
Activity: 71
Merit: 10
July 20, 2016, 12:09:54 AM
Yes, in our dreams.  Cheesy
hero member
Activity: 714
Merit: 531
July 20, 2016, 12:02:51 AM
I hope it is not possible to banks disappear because of bitcoin, people have strong stable transaction in banks than bitcoin . they still needing the banking services to even purchase and trade the Bitcoins online, i hope both banks and bitcoins are required for people to increase their financial credibility.
Bank will never disappear by any currency its because bank is the holder of currency and i only see the bank will adopt bitcoin if the price will be stable in the future but i do not want to happen that because we can not earn big amount on our investment if the price will be stable.
sr. member
Activity: 714
Merit: 250
July 19, 2016, 11:36:03 PM
I hope it is not possible to banks disappear because of bitcoin, people have strong stable transaction in banks than bitcoin . they still needing the banking services to even purchase and trade the Bitcoins online, i hope both banks and bitcoins are required for people to increase their financial credibility.
Bitcoin really can not make the banks disappear because it is highly unlikely. Banks still have a very important role for everyone. I think bitcoin used to benefit while the bank to save money securely. Bitcoin and usefulness of each bank.
newbie
Activity: 8
Merit: 0
July 19, 2016, 02:22:20 AM
yes i think band will do so. because bitcoin will be used instead of fuat currency and there will be no use of banks then
full member
Activity: 896
Merit: 115
July 19, 2016, 01:03:14 AM
I hope it is not possible to banks disappear because of bitcoin, people have strong stable transaction in banks than bitcoin . they still needing the banking services to even purchase and trade the Bitcoins online, i hope both banks and bitcoins are required for people to increase their financial credibility.
hero member
Activity: 714
Merit: 531
July 19, 2016, 12:56:14 AM
when bitcoin will fully applicable then it i will disappear banks
No i do not think bank will disappear by currency itself because bank are the safe keeper of our money they only adopt all currency for their growth that is why if ever bitcoin would be more popular bank will do things to accept bitcoin as their another currency offered to the depositor or creditor.
member
Activity: 84
Merit: 10
July 19, 2016, 12:32:32 AM
when bitcoin will fully applicable then it i will disappear banks
sr. member
Activity: 714
Merit: 250
July 18, 2016, 11:46:31 PM
Bitcoin has got the increased potential to grow higher than the banking, but in reality more people were known to the negative side of the bitcoin. This keeps more to stay away from bitcoin and move towards bank's.

Yes the only fact banks are surviving is only because people are not aware about bitcoin yet once they start knowing what bitcoin is they will definitely switch to bitcoin.

Not even when a lot of people who know bitcoin people will remain at the bank. Because the bank will continue to be updated and can follow the development of time so it will not lose in the competition. Very unlikely bitcoin could make banks disappear, because the reality is at the moment a lot of people using bitcoin also use a bank like me.
full member
Activity: 238
Merit: 100
July 18, 2016, 02:10:36 PM
Bitcoin has got the increased potential to grow higher than the banking, but in reality more people were known to the negative side of the bitcoin. This keeps more to stay away from bitcoin and move towards bank's.

There are banks now who are adapting blockchain, its a matter of time that some banks may accept bitcoin depending on location or country they are operatng. We know that some countries do not recognize the bitcoin.
yes it is a fact that some countries has yet not recognize bitcoin but i think that a time will come when they will recognize it. because when majority of the countries specially China Japan Russian and India will use it then why will the other countries not try to use it.
hero member
Activity: 1414
Merit: 505
Backed.Finance
July 18, 2016, 11:46:09 AM
Bitcoin has got the increased potential to grow higher than the banking, but in reality more people were known to the negative side of the bitcoin. This keeps more to stay away from bitcoin and move towards bank's.

There are banks now who are adapting blockchain, its a matter of time that some banks may accept bitcoin depending on location or country they are operatng. We know that some countries do not recognize the bitcoin.
hero member
Activity: 672
Merit: 500
July 18, 2016, 11:43:21 AM
Bitcoin has got the increased potential to grow higher than the banking, but in reality more people were known to the negative side of the bitcoin. This keeps more to stay away from bitcoin and move towards bank's.

Yes the only fact banks are surviving is only because people are not aware about bitcoin yet once they start knowing what bitcoin is they will definitely switch to bitcoin.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
July 18, 2016, 11:26:22 AM
Bitcoin has got the increased potential to grow higher than the banking, but in reality more people were known to the negative side of the bitcoin. This keeps more to stay away from bitcoin and move towards bank's.
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