Can Bitcoin make Banks disappear? - page 289.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: gkv9 on April 03, 2016, 12:28:23 PM

Quote from: Kartikay on April 03, 2016, 11:02:50 AM

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

Some time back, people said that Bitcoins will never reach $100, it reached, they thought it would never go $1000, it went way above it...
Never underestimate the power of such technology which has Microsoft using it, they must have something in mind when they chose Bitcoins...

So do you think if bitcoin will reached even at $5000 or $10,000 price, it can be a factor that it can make banks dissapear?

We are not talking about the price here. If we are only basing on the bitcoin price as a major factor to make banks dissapear, it's really non sense.

martinacar

sr. member

Activity: 462

Merit: 250

I do not think the bitcoin can do this honestly, the banks are still to big these days and the bitcoin still to small so that is the first reason why its not possible at all.
Another reason why it won't happen is because the bitcoin itself has a good future but the fact is that people are just to dependable on the bank and they cannot step over to the bitcoin itself because of that.

rektDude

sr. member

Activity: 364

Merit: 250

The chance is really small to let that happen, there are a lot of people that is still using their banks a lot and that is quite normal because they dont know how to use Bitcoin.
We all know that Bitcoin is rising in using and that is good because everything is getting more digital.

bigs21024

sr. member

Activity: 294

Merit: 250

please help gofund.me/bigs21024 Family in need

Don't think so banks will always be here they steal all our money!

Alekseenko/Vlad

newbie

Activity: 6

Merit: 0

Don't think, bitcoin forever!!!!!

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: chaosknight on April 03, 2016, 03:50:02 PM

Quote from: Akupuniard on April 03, 2016, 12:30:36 PM

Quote from: quentincole32 on April 03, 2016, 12:06:39 PM

Quote from: Kartikay on April 03, 2016, 11:02:50 AM

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

impossible for now,but in the future we will never know that bitcoin will become better than now,and digital era make people convert all they need to more digitally,its glad to know if my son or grandchild in future still can know about bitcoin.

What future you talking about? A lot of people will stay with banks cause they don't trust to unstable thing. Better to live with tested way.

Yeah people with continue to use banks even if bitcoin gets on the mainstream as they don't trust bitcoin and hesitate in investing their money into it as bitcoin is not stable.

Yeah thats a big no. Bitcoin cant replace the banks because bitcoin is digital money. But i think banks will think other ways if they notice of existance of bitcoin in online world. They were surelt invest of it when they see its full potential

chaosknight

hero member

Activity: 868

Merit: 1000

Quote from: Akupuniard on April 03, 2016, 12:30:36 PM

Quote from: quentincole32 on April 03, 2016, 12:06:39 PM

Quote from: Kartikay on April 03, 2016, 11:02:50 AM

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

impossible for now,but in the future we will never know that bitcoin will become better than now,and digital era make people convert all they need to more digitally,its glad to know if my son or grandchild in future still can know about bitcoin.

What future you talking about? A lot of people will stay with banks cause they don't trust to unstable thing. Better to live with tested way.

Yeah people with continue to use banks even if bitcoin gets on the mainstream as they don't trust bitcoin and hesitate in investing their money into it as bitcoin is not stable.

jak3

legendary

Activity: 1274

Merit: 1004

I don't think banks can get disappeared too easily it can only happen if paper currency is not popular as btc if people start using btc as much as they can then banks might be disappears if that doesn't happen then the chances are almost 0 according to me

Akupuniard

sr. member

Activity: 406

Merit: 250

Quote from: quentincole32 on April 03, 2016, 12:06:39 PM

Quote from: Kartikay on April 03, 2016, 11:02:50 AM

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

impossible for now,but in the future we will never know that bitcoin will become better than now,and digital era make people convert all they need to more digitally,its glad to know if my son or grandchild in future still can know about bitcoin.

What future you talking about? A lot of people will stay with banks cause they don't trust to unstable thing. Better to live with tested way.

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

Quote from: Kartikay on April 03, 2016, 11:02:50 AM

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

Some time back, people said that Bitcoins will never reach $100, it reached, they thought it would never go $1000, it went way above it...
Never underestimate the power of such technology which has Microsoft using it, they must have something in mind when they chose Bitcoins...

quentincole32

hero member

Activity: 518

Merit: 500

Quote from: Kartikay on April 03, 2016, 11:02:50 AM

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

impossible for now,but in the future we will never know that bitcoin will become better than now,and digital era make people convert all they need to more digitally,its glad to know if my son or grandchild in future still can know about bitcoin.

vlad_rogozov

newbie

Activity: 8

Merit: 0

I think not

Kartikay

full member

Activity: 210

Merit: 100

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

VPScreator

full member

Activity: 462

Merit: 100

Some people love to keep money as safe places so maybe not replace but maybe Undecided

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: n0ne on April 03, 2016, 10:09:22 AM

Quote from: Hellacopter on April 03, 2016, 07:06:05 AM

It's really hard that Bitcoin makes banks disappear, because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat

Well said, bank is much used compared to our bitcoin. As said even in converting our bitcoin we depend on bitcoin. So making banking get disappeared is really a difficult task.

It's not difficult, it's impossible. No matter how much people here don't like banks, we simply can't without them in the current modern life.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: Hellacopter on April 03, 2016, 07:06:05 AM

It's really hard that Bitcoin makes banks disappear, because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat

Well said, bank is much used compared to our bitcoin. As said even in converting our bitcoin we depend on bitcoin. So making banking get disappeared is really a difficult task.

n691309

legendary

Activity: 1526

Merit: 1001

When you exchange bitcoin to fiat money most of the time it goes through banks so you can't disappear banks. The same is also when buying bitcoins through your debit card or bank account it goes through bank.

Maxim_Smirnov

newbie

Activity: 8

Merit: 0

Banks are not going anywhere)))

Hellacopter

hero member

Activity: 742

Merit: 500

It's really hard that Bitcoin makes banks disappear, because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat

apriyoni

sr. member

Activity: 308

Merit: 250

Quote from: mirana12345 on April 03, 2016, 05:50:02 AM

Banks will adapt like they always do, and they will always turn a profit. Bitcoin could be considered just as another fiat created by an another new country.
The only thing i'm interested to see is how they will enforce anti-abuse laws when it comes to bitcoin due to it being somewhat easy to mix and lose origin trace.

That is right. The banks will always make money and use whatever currency that makes money. There is no exception.

Topic: Can Bitcoin make Banks disappear? - page 289. (Read 427614 times)