Topic: Does bitcoin pose a threat to banks? - page 22. (Read 1914 times)
We come to the view that the widespread use of bitcoin or other digital currency will not lead to the collapse of the banking system, although it will seriously shatter, forcing us to reconsider the policy, which was based, inter alia, on the receipt of "easy" income – from transfers, commissions for private transactions, and so on. So, banks will have to make up for the loss of income. Using more risky credit policies, adhering to high-risk trading strategies.
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 that 10 years ago the banking sector is not in danger. Bitcoin and crypto currency are still too young and not convenient to use. In addition, the crypto currency is used by a limited number of people. There are very few of them. Crypto-currency has yet to go a long way to the public acceptance of them by society.
The implementation process is most active in places where state support among the population is the lowest. People trapped in a corner are ready to use any tools that will help them in such a difficult matter. Many tokens, on the contrary, are deflationary (their total volume decreases over time due to transfers to non-existent addresses, "burning" and other factors). This is dangerous for economic growth (which is an indicator of a healthy economy), since the belief that the price of a token will grow with time will be accompanied by a decrease in the number of coins in circulation.
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?
For the existence of banks do not need to worry. The banks will always have work. since they will regularly carry out government orders for servicing the country's budget, as well as perform a monetary function, which, in practice, is the main activity of banks. In addition, when the crypto currency is officially legalized in the country, the banks will adjust to the situation and provide various services in the crypto currency for moderate rewards. Therefore, banks will never disappear.
On the one hand, yes. For example, people in them do not deposit deposits and so on. But without a bank, we can not cash out. This is a struggle between them for a long time.
I do not think Bitcoin threatens the bank. But sure that if Bitcoin is widely used, the Cryptocurrency market is widespread in many countries then the operation of the bank will be affected. But the Crytocurency market is fundamentally different from traditional banking. Each side has its own pros and cons, but people will probably use Bitcoin more because of its security and usability.
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?
This should be authentic, and there should be good reasons as the currencies are growing, in my country Bitcoin is banned, so banks do not have the fearful moves when Bitcoin fluctuates, I think in The future of these coins will undoubtedly be more popular with the people. 
I guess somehow bitcoin pose a threat to small banks but in the major banks I guess they are not afraid with bitcoin. Small banks maybe threat by bitcoin because they can be replace by bitcoin and its wallets but in the major banks which has a much stable industry they will not be threat because they have a stable clients.
It's actually vice versa. If we look at the general developments in crypto terms between the larger and the smaller banks, smaller banks are much more open to adopt newer technologies, because they are much more focused on offering their clients the service they deserve and have full right to. Large banks are cocky and no longer care about their clients, and especially not when it comes to the regular account holders.
If you're not taking out a high loan, or mortgage, or let them gamble with your capital on the financial market, you are nothing to them than just a number in their database. It's not for nothing that the smaller banks in my country have all gained clients, and that in pretty big numbers, while the lower trust in larger banks drives people away from them, and they don't seem to care yet, but will do so eventually.
Banking itself is no longer their core money making machine, which says enough. Banks have become a combination of everything more throughout the years, but less of a bank.
I guess somehow bitcoin pose a threat to small banks but in the major banks I guess they are not afraid with bitcoin. Small banks maybe threat by bitcoin because they can be replace by bitcoin and its wallets but in the major banks which has a much stable industry they will not be threat because they have a stable clients. Surely the major banks are just waiting for bitcoin to come to them and talk on how major bank can help bitcoin or we can say how bitcoin can corporate their business with those banks. Well the good benefits of all is what we are looking forward let us not think about a negative effects between bitcoin and the banks.
I do not think so. Because 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
Bitcoin can beat any thing related to money if the government of a country allows it to the people and gives them free hand to handle their expenses as we have seen that many countries have done so by giving them the opportunity to use Bitcoin for easy methods. So Bitcoin does not stop you to go to bank but you want Bitcoin for the handling of money as you know that Bitcoin does not cut transaction costs and other interests as like banks do. Bitcoin will surely be the future currency due to its demand due to its features and functions.
Not just posting a treat to bank but a very big one. Bitcoin takes the power from the banking system and gives that power to the people, this is what banks are trying to avoid, they want to always be incharge of the whole financial sector without any competitor. Bitcoin is not just a competitor but a decentralized one which is owned by everybody and also owned by nobody.
Banking systems have become obsolete long ago. Bitkoyn, like the technology itself, will continue to evolve and present an evil to this system.
It might pose a treat to banks because investment in the banks had a little interest in your money annually and impose with taxes, while in the bitcoin investment you can gather more profits compare to bank , if properly manage and there is no taxes impose in bitcoins.
I do not think so. Because 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
Bitcoin aims to remove the role of the banks or any authority and brings back to the people the freedom to manage their own funds and could do any transactions to any stranger in the world anytime. This makes people love bitcoin and more and more people shift their wealth to bitcoin. This poses a big threat to banks and could destroy them.
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?
There is no threat to the existence of banks bitcoin and other crypto currency is not. Crypto currency significantly attracts customers of the bank and they lose their profits from this. No more. However, bitcoin and other crypto currency can not affect the existing banking system so that it ceases to exist. Crypto currency will not succeed. It can not replace the banking system, which is very necessary for every state. Any state carries out planning of the budget of the country's economy and controls its implementation through a system of banks, mostly state ones. This system is unshakable and crypto-currency with its high volatility is not even worth intervening. Any such interference will be severely suppressed by the state. Therefore kriptovpljuta can exist only in parallel with the banking system. The banking system can only improve due to the use of blockchein technology, as well as receive its commission from operations with crypto currency. 
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 is not a threat if that happens so it means there will be adjustments to the needs of technological developments and the era and demands all also change along with the development of technology in other words do not eliminate but adjust to what is needed in the development of the era and technology 
Idk but recently, reserve bank of India sent notice to all banks to not to deal with any crypto exchanges.
I guess they are afraid of cryptos!?
I guess they are afraid of cryptos!?
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 do not think that Bitcoin is a threat to banks, Bitcoin now has a lot of options for investing in the economy, so many banks are afraid of Bitcoin risks. Very afraid of this money, I think in the future Bitcoin will be accepted by them...
Indeed digital era are now to stay and have introduced a highly modernize online services, but I still believe that Banks will never disappear. Banks are institutions of our society and government regulate the operation of Banks. However, Banks should adopt to the current trend in terms of the technology and should not be left behind. They need to upgrade and develop their own advance software for their services to be convenient for their Clients and retain their loyalty as well.
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