Topic: Does bitcoin pose a threat to banks? - page 21. (Read 1914 times)
I think bitcoin is not a pose to threat banks,because banks is goberned by central bank which thier money is protected.And bitcoin and crpto will be the advance technology used in our future world.
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?
bitcoin is not a threat, but it is a disruption for bank system in the world.
we cannot avoid the development of technology. bitcoin and cryptocurrency will be the advanced technology used in our future world.
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?
From all indications, the government of the countries who are afraid of adopting the Cryptocurrency/Bitcoin are afraid of change which is inevitable. I don't see Banks being totally eradicated but there will be an adoption and synchronization of the blockchain technology.
I don't think banks will disappear soon, world leaders will not let it happen. We hope that Bitcoin Will take a bigger share in the market and that it can be an effective alternative for banks.
Yes, right. bitcoin is a threat to banks. because some investors who usually invest in banks turn to bitcoin investments.
In my own country at least in is not seems to be it. The banks are kings of situation, not suspicious about the future, which waits for them to crash, hehhe!
Bitcoin is not a threat to financial stability and is unlikely to "smash" the main markets in the coming years, according to forecasts of leading European economists.
The small size of bitcoin and the separation from the main financial system became the main reason for the economists ' peace of mind.
However, senior financiers JP Morgan and Goldman Sachs reacted sharply to bitcoin, comparing it to a speculative bubble that could be dangerous for Central banks.
The small size of bitcoin and the separation from the main financial system became the main reason for the economists ' peace of mind.
However, senior financiers JP Morgan and Goldman Sachs reacted sharply to bitcoin, comparing it to a speculative bubble that could be dangerous for Central banks.
The future may be bitcoin and crypto will have an impact on the bank. The national currency will be spread to the US dollar and into the crypto and bitcoin markets. In the long run, it will cause conflicts in the way the operations and concepts of currency. But I think there will be appropriate measures to address that problem.
Legal banks will remain as structures, but only on blockchain. But physically, banks and Bank branches will cease to exist. Why do we need Bank branches that work very slowly, require a large Commission, while we still need to keep their employees when there is a blockchain. I think the blockchain fully automates banking activities.
Yes, it does. The problem with Bitcoin is not the currency itself but rather the lack of any governing body regulating the exchanges. Without regulations, it is very difficult to track the transactions.
Bitcoin is independent from any central bank or any sort of manipulation by any government on the planet. People who use and create Bitcoin are those who are in charge of its future. That is the most important purpose of Bitcoin. Most of the early adopters of Bitcoin were libertarians and innovators, but today bigger part of the global society is starting to use Bitcoin. Now, people have an alternative. They can store value or trade with it without any control of the elite parts of the global society.
Bitcoin is independent from any central bank or any sort of manipulation by any government on the planet. People who use and create Bitcoin are those who are in charge of its future. That is the most important purpose of Bitcoin. Most of the early adopters of Bitcoin were libertarians and innovators, but today bigger part of the global society is starting to use Bitcoin. Now, people have an alternative. They can store value or trade with it without any control of the elite parts of the global society.
could replace the bank, a small example in my country many people who can not afford the minimal technology. Is it possible they can get bitcoin, Maybe it could be in Europe or in the US can replace the bank, and already many ICO banks are popping up? Let's see how this develops.
While most economists believe there are limited risks to financial stability, they also say governments should offer greater control over coded currencies. Their anonymity and non-transparency may increase tax evasion and other criminal activities.
Yes, I see that banks see bitcoin as a threat. But it may not yet totally erase banks unless our age becomes totally dependent to digital money. But if more and more people see digital currency as a more convenient way of using money, then eventually banks will become.less and less popular.
While most economists believe there are limited risks to financial stability, they also say governments should offer greater control over coded currencies. Their anonymity and non-transparency may increase tax evasion and other criminal activities.
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?
I would say partly yes because instead of using credit cards for online transactions, you have an option to use bitcoin. It would decrease banks' transactions which hugely contributes to bank incomes.
No, bank will never disappear. They play a big part in a country's economy and they are the legal monetary body acknowledge by the law.
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?
I think bitcoin can be a threat from the bank because in your bank save money with administrative fees every month, while storing your assets in bitcoin certainly you do not need the cost of admin just by storing in bitcoin you can get a very more advantage.
I do not think that . For me, bitcoin is just a market for us to invest. If it comes to the threat, ICO projects developed in the form of withdrawals from ATM towers will affect the banks.
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 ... Bitcoin and the cryptocurrency market get pressured by a bearish sentiment based on the technical pattern known as “death cross”, investors are also aware of the mixed signals coming from big banks regarding the asset class – with great focus on Bitcoin and Ripple.
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?
While not acknowledging that Bitcoin is a threat, most respondents are still concerned about the role of Bitcoin and its challenges to the traditional central bank’s currency.
i think so, because bitcoin fundamental principle is literally the opposite of banking, banking is based on trust of costumer to give their money to be maintained by the bank, and somehow bank is acting as a "guardian" for our money, but bitcoin on the other hand does not need all of that, it is open, private, and peer to peer, or based on consensus, so basically speaking, bitcoin is a natural enemy of banking system, so i guess if bitcoin and cryptos are getting more and more accepted as an exchange system, the bank will only have one option, die out.
They won't. As long as government exists, banks serves a purpose to the citizen. Governments will not do away with the paper money and they are unlikely to adopt a currency that is this volatile and virtually impossible to regulate.
In addition, the fact is, Bitcoin's adoption is still ridiculously low in the real life. It is very unlikely for mass adoption to happen anytime soon, unless the price somehow stabilises. Fiat would still exist and so will the banks.
In addition, the fact is, Bitcoin's adoption is still ridiculously low in the real life. It is very unlikely for mass adoption to happen anytime soon, unless the price somehow stabilises. Fiat would still exist and so will the banks.
Jump to: