Topic: Does bitcoin pose a threat to banks? - page 4. (Read 1914 times)
Bitcoin, and for that matter crypto, has posed a great threat to banks nowadays as many people withdraw their monies and save in bitcoin. People are now trusting and believing what bitcoin can do. By the time most of the people will adopt bitcoin, most banks will collapse leaving the central banks which stand a chance to also collapse.
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, but it is just a little threat. Although bitcoin is the new currency of our era, there are still people that want the old thing in their life like holding their miney on their bank, some people are still not convince to bitcoin so they are still in banks. 
I do not think that anything will change in the banking system in the next 5 years. I do not think that bitcoin during this time will have time to destroy the banks. People like carrying money there, and will carry.
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 does pose a threat to banks because most of the people nowadays are aware of bitcoin and how it works, and these people prefer the bitcoin system instead of banks, because of that, banks wil lose some of its potential investors to their company
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?
If the elimination of the banking industry will be the price for the progress of bitcoin and the whole cryptocurrencies, then I will like to live with that. Cryptocurrency aims to help the people in the transactions and save more money. And if there's way to minimize the competition between them, may be it could work. Banks are important to the society, and bitcoin can be valuable too especially because of online transactions. Together, they can change the society to move forward.
Banks are actively waging a cold war against cryptocurrencies. Bankers do not admit it, but digital technologies are the beginning of the era of the banking system decline. It is a fact.
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?
As time passed by, new innovations are being made to improve our way of living. I think we are now in that age when we transition towards cryptocurrency. I think banks and bitcoin will either compete against each other or work together to support the financial industry of the society. But even now, it is hard to say when would this will be decided. Bitcoin is gaining popularity so I think there will be some minor competition soon.
In theory, digital assets and their technology is much more advanced than banking systems. They are generally established for this purpose. Therefore, banks are afraid of cryptocurrencies.
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?
Personally, I think the cryptocurrency will replace the banks in the future or the banks will find its own way to be part of the cryptocurrency. With its growing market, cryptocurrency will surely be more common in many societies and popular to many industries. Many establishments and products are are now accessible and open for crypto payment so I think bitcoin will be used more.
Maybe so or maybe not. Often than none banks see cryptocurrencies as a threat to them because bitcoin does more than the banks. There's no barrier to your fund when you need to make use of it. Crptocurrencies is really striving and very sure it makes a lot of sense. Bitcoin has no country restriction and no tax.
There is no question of any threat for banks! Firstly it is convenient to store them! Secondly, the security of translation, do not be afraid of attacks on cash collectors! Thirdly, the security of storage and security from the bank robbery because the keys can be stored completely elsewhere!
So it's more convenient for banks to fool with bitcoin !!!
So it's more convenient for banks to fool with bitcoin !!!
Not the BTC specially.
But the crypto currencies and block chian as a whole does threaten banks in direct way since they can overtake the payment sector but banks still have loan industry.
But the crypto currencies and block chian as a whole does threaten banks in direct way since they can overtake the payment sector but banks still have loan industry.
I think Bitcoin is a whole new idea which comes with its benefits to the world. I believe that bitcoin has come to solve the problems that banks faced and for that matter should be accepted. I think governments should consider accepting it so that we people can have wide range of opportunities as to choose banks or bitcoin.
I think that while there is no regulation, this is happening, as now many investors take money from banks and the real sector
I don't think so and banks will never disappear since it supervised by the government and I also don't think that bitcoin can overwhelm the bank and fiat currency since it is and will forever be our main medium of exchange in all transactions. Maybe in investment field bitcoin could overwhelm our bank since bitcoin can earn money faster than bank that only gives you 1-2% annually.
Yup could be some country banks wants to be a part of it. Also people could access easily.its also safe Which is the fact that they transfer their money anytime even in home. Also some government sector some country approved to be part of it as the can access through online payments using bitcoin which can automatically converted to fiat.that my opinion only
For now banks are safe because they use old, traditional methods of management, financial transactions etc. But the more time flies the more they will have to change to modern reality.
There are some banks who came up with own blockchain system and there are those who decided to be the part of the exicting advanced technology which shows that they are willing to change in order to coexist with the crypto currencies that have strong influence on the worl economy nowadays.
yes it is while many of other people dont know about bitcoin but if they do they would really invest in bitcoin than time investment in banks, and the bank was triggered by the crypto because the money will not roll to 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?
I think bitcoin can pose a threat to government banks, and that's the main reason governments try to ban it by all means because they can not control bitcoin.
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