Topic: Does bitcoin pose a threat to banks? - page 17. (Read 1914 times)
Odds of banks will disappear, many of them are using banks to save money. Banks still play a major role in the day-to-day activities of traders and I do not see any changes in the near future.
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?
In my opinion, banks will always be there and it will be with people till the end of time, I think it would be better to ask if people would be putting in cryptos or paper money in those banks. Change is constant and change is happening quickly, when the time comes and cryptocurrency rules the world, I think banks will be there, one that could keep your cryptos secure and safe.
No, I do not think banks will find a way to settle their situation, I expect banks will serve bitcoin and also take an additional commission for the transaction
Bitcoin does not represent a direct threat to the existence of banks. Banks existed and will exist in any situation with a crypto currency. Bitcoin just takes their customers from banks and profits. Therefore, the bankers are nervous and try to distract the population from the crypto currency, sending them sometimes by mail information that the investment in the crypto currency has a certain risk and recommending not to deal with crypto currency. Also, bankers sometimes make more serious provocations, organizing in the mass media the release of false negative information about the crypto currency.
Banks themselves as an indispensable attribute of any state will always exist, as long as the state itself exists.
Banks themselves as an indispensable attribute of any state will always exist, as long as the state itself exists.
YES, it is a big threat to the banks. The goal of crypto is to change the old financial system banks are using. This is the main reason why banks are very much against Bitcoin.
Banks are backed by the government and its hard to disappear.
Banks are backed by the government and its hard to disappear.
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?
threats to banks I do not think because these two currencies are different in nature and the movement if cooperating is possible if the government legalizes bitcoin as the currency that applies 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?
Some of the advantages of bitcoin compared to conventional money are very low transfer fees, high transaction speeds and barriers, transactions between countries and can be done with a matter of minutes and can be done anywhere and anytime without having to come to the bank.
Bitcoin is one of the currency that was recognized by many countries, because of this the environment specially businesses must be the first to know the trends and new. Although this is Cryptocurrency means "secret money", as a business person we must be on trend and must be updated on news. Bitcoin as a threat on banks: Bitcoin may be threat because people now will invest now on Bitcoin than banks because of high interest. Bitcoin has a non-perishable characteristic so it is worth of investing than hard cash.
As on my opinion Bitcoin is one of the threats banks encountering, probably bankers have plans for this problems like other businesses.
As on my opinion Bitcoin is one of the threats banks encountering, probably bankers have plans for this problems like other businesses.
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?
Banks will be affected in a way that laymen will shift their businesses from fiat to crypto. However curreently with fiat being the most widely used currency btc is a minor threat. In the future when blockchain is used everywhere and crypto becomes more well established it poses a serious threat to banks. 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?
Yes, it is true that virtual currency is threatening banks around the world, virtual currencies such as Bitcoin, if accepted by the banks, are stored in banks, and this makes hackers The network is concerned, and they may start attacking that bank.
Bitcoin is a threat to central banks and authorities, because this is the first currency system that can separate money from the state. It removes, perhaps, the most powerful instrument of the government, which is their monopoly on the global monetary system.
Yes I think Bitcoin must be a threat to the bank. Because no government can control this digital currency. But I think banks will disappear. Bitcoin is also an unstable currency of nature. Its prices never last forever. But how different states are recognizing Bitcoin, it seems that in the next few years, Bitcoin will have to use the fee. Then the country's banks will accept it and they will not have any threats.
bitcoin was born to meet the increasing demands of people through the payment of services in a convenient and fast way. Bitcoin is used aggressive in many areas of utility. In the future, bitcoins are more and more used and depending on the human use with bitcoin or the bank they choose. Bitcoin doesn't pose a threat to banks.
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 as a decentralized structure is a big threat to the banking system worldwide. bitcoin has come with lot of flexibility and transparency, there is no limit to how much you can hold in your account and not VAT or maintenance fee charged on your money
I respect your point of view but I will disagree with you. It is NOT a threat to the system of banks. Too many people (even in the nearest 20 years) will prefer to use fiat and deal with banks, not with crypto.
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.
For the moment I think it will not happen. It is impossible that the bank will disappear. Many of the people use banks for cash there. The bank still plays a role in its daily merchant activities and I do not see any change in the time as close as possible.
That is so called "Digital revolution", the world is ever changing and we need to ride to its flow. Otherwise, we lose something just as mentioned to the post. Virtual currency by far took the lead in the world of modernization and technology. However, at this stage, it has no power yet to dominate over those big financial industry after getting manipulated.
Quite import on every stage of development remember what has been done and keep all gained information in databases. The same is with bitcoin – banks can't be fully replaced, but though when blockchain-based services will take a bigger part in lives of our society, fiat system with banks will still connect many people and combine many actions.
in addition to the possibility of closing bank,one can hope that the production of banknotes will be reduced and can hope for the future of the trees.
I don't think so. bank is a safety place for cash money. and bitcoin is a digital currency using blockchain. both are different from each other. we reserve our digital currency in digital wallet through internet. so there is a huge differnce between btcand bank system
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