Topic: Does bitcoin pose a threat to banks? - page 15. (Read 1914 times)
I think yes its a threat to them thats why in my country its always saying in the news that bitcoin is scam. But i dont think it will eliminate the banks easily.
Although most economists believe that there is little risk to the stability of the economy, they also suggest that the government should take stronger control measures against the bitcoin, because Their anonymity can increase tax evasion and other criminal activities.
Bitcoin will not eliminate the bank, because even if there is bitcoin we still need to use fiat money, and the bank is an intermediary between bitcoin to make fiat money.
Yes i agree that we still need physical money because lot of people cant use the digital money, so i dont think that banks will eliminate because of bitcoin, because in the first place they have different things to do. Yes its true that they have the same security system but if we are talking to their price its difference because bitcoin dont have stable price.
I would have to say yes. Bitcoin poses a big threat big time. It provides flexibility and fast transaction unlike with banks which takes a couple or more days. The decentralization that it offers which means whoever has Bitcoin, they control their own money. No or probably less charge for whatever transaction you do.
I don't think the Bank should be afraid of bitcoin. If it does develop as it is predicted, then bitcoin and banks may well cooperate in the mix and significantly improve our economy.
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
Ofcourse it is.Being a digital currency bitcoin has give the solution for removing the bank option between buyer and seller 
Actually it does, that is why almost all of the Banks CEO are trying to make statements about the Bitcoins Bubble. Defaming bitcoin, indirectly and directly attacking its reputation.
Of course they hold unto like that, whether its professional or not since Bitcoin is becoming famous and useful for evwrybody in which banks isn't involve, they push a lot of hardwork just to keep in touch with their clients, advertisements, promos, and even package deal was involve for them to catch up but Bitcoin was being used unconditionally by the people and that will be a challenging part for them so tgey were all threatened.
I think their rivalry is more imaginary than actually exists. Banks have a number of operations that are not within the competence of bitcoin, so I do not consider them real competitors.
It is possible, as most investors now transfer their capital to the Crypto market. Few people send money to banks, because bank interest does not help us as rich as investing in BTC. This is a threat to the bank, a serious shortage of capital. And loans are also declining, as current capital mobilization programs through the ICO are popular.
This is a delicate thread. Banks needs to update their systems if they want to keep their clients, with Bitcoin by their side they may lose control, but at least not investors. Soon we'll see Bitcoins in banks and the one who won't accept it, will be over in a couple of years
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
it could happen, but I would rather say that banks will be much less. Have you heard about big Japanese banks that lay off thousands of employees for replacing them with robots? Now that is a sign that we are going to live in an age of digitalization and robotization where human functions can be programmed into machines. Of course, the company will spend less if using the machine, because it only requires maintenance costs and no holiday. So cryptocurrency especially bitcoin is not the main factor of bank decline.
I think bitcoin does pose a threat to banks that's the main reason the government tries to ban it by every means as they are not in control of it
I don't think so. Bitcoin could never replace FIAT but BTC can co exist with FIAT. Both FIAT and bitcoin can work well thus we can't say that bitcoin is a threat for banks.
Yes, mate, this is the truth. Although a certain amount of the people that love crypto will leave the banks, most guys will use the banking system and fiat money for their needs. Fiat and crypto will coexist.
It is unlikely that bitcoin will destroy banks. Most likely, bitcoin and blockchain will help to modernize and optimize the financial system in the world. I think there will be fewer Bank branches, and fewer people working in Bank offices. Everything is automated.
Yes, actually. Bank transaction are shielded from the general public. Whereas crypto transactions are transparent.( Except the privacy coins)
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
Well, I thibk thats very possible to happened , Banks see Bitcoin a threat since it was widespread to the people through social media nd new on the television, and undoubtedly that Bitcoin is way better than a centralized company like a bank since it can give people a profit with just internet and enough knowledge how can you earn here, viola! You can have your money, and investments were kinda secured than Banks.
Bitcoin is not a threat to the banks because the banks have their own objective to this world and bitcoin is here to just help the people to fight the inflation since it is making their fiat money have a lesser value but the banks are here to help the people to keep their money safe and to help to the flow or the cycle of the money in this world, so i don't see any threat for the banks here.
Tthe government of a whole country will not allow the disappearance of banks, just like the banks. And all people will not use the crypto currency. A generation older than 50-60 years in the majority will not trust such a system, they will be for the old, proven and well-known them. It's banks.
Perhaps it is a threat because people will divert to put their money through crypto wallet, If we compare how far bitcoin produce profit vs, saving money into banks for interest, Bitcoin surely wins. Bitcoin improves processing of payment and make efficient transactions. Banks spends much time specially during peak days..
No Bitcoin is a threat to the bank. It's a complete lie. Private bank, who can take the effects of Bitcoin, who knows who will not fall, who knows.
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