Is banking still important in the bitcoin era? - page 30.

redhondaxrm125

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Quote from: dwsgh on March 05, 2018, 11:37:39 PM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Without the banks, the world will be in chaos. Banks are very important and losing it would mean losing the back bone of the current world that we are living in. All the people who want the banks to disappear immediately and are saying that it should have never existed are just stupid in a higher level. Yes, I love cryptos, yes, I love all the innovation it gives and has to offer, but I do not love it that much that I would choose it over the banks. But hey, why would we even have to go there? To choose when we all can obviously use both to our advantages? Something to think about.

nick_nick

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Quote from: dwsgh on March 05, 2018, 11:37:39 PM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Banks are still very important even the era of cryptocurrencies. Lets not forget that Bitcoin and other altcoins are not wholly accepted for all forms of transactions; and again the concept of blockchain technology is known by many and can only transact through banks

vinz7229

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Quote from: enkongtukmol on March 07, 2018, 12:22:09 AM

it's still important it will provide you cash for daily needs like for transportation, expenses, and also daily needs. it can be also a fix saving of money it doesn't decrease on its value not like cryptocurrency it change every time.

Bank is bank even the most richest person on the universe would still choose to stored he's/her wealth at the bank, the reason is, even if they will not monitor their money everyday they are confident enough that their money is in a good hand and it has an stable price, this means the amount that you deposit will remain at ease, so bitcoin is only good for investment but not in storage place.

jcarlo

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Quote from: dwsgh on March 05, 2018, 11:37:39 PM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

I am believe that banks still needed even market in cryptocurrency rising. Not many people understand about bitcoin or cryptocurrency and some people have traditional thinking about financial or economic.

kier010

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Quote from: dwsgh on March 05, 2018, 11:37:39 PM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

in our current time banks are still important and banks are mainly used in a country. not all people/companies accept bitcoin as payment. most/more people have their own personal bank account and many are still not aware of bitcoin.

GC2263

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Bitcoin is a 'currency' which is not equivalent to a bank role. So i believe bank is still very much important and needed. Until the day some kind of 'crypto bank' created, normal financial institution will still exist and very important. Todate, selling your bitcoin/altcoin, you still need to withdraw money from bank. exchanges doesn't really hand you the money.

irenegaming

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Kuvacash.com

The bitcoin era is yet to come, its not even legalized yet, but wi'll get there, Banking is a very important institution to national economy, not everything can be free of control as bitcoin, some other sectors still need regulation, taxation is still very necessary, planning and determination of the national budget is still needed and determining a country's general economic growth is still necessity.Banking industry therefore still has a lot of roles to play.

Lyne01

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Quote from: dwsgh on March 05, 2018, 11:37:39 PM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Banking system is still important yesterday, today and in the future. Not all people are doing bitcoin, only few percentage of people are actually using bitcoin, so mostly are still in the traditional way of sending and receiving system, which is bank ways. This is also the most secured way nowadays.

charlotte04

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Quote from: dwsgh on March 05, 2018, 11:37:39 PM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Yes, Bitcoin is unique, but we also need the bank yet. Example: If you want to buy a car, would you want to get it in cash or by mortgaging?

Shakawat

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bank is the main medium of transactions is any country. starting form the highest level of the country. the main trading of the lower class is the medium of this bank system and a bit of the people of bitcoin. and the bitcoin is used as it is because bank will be of serious biography.

kurdapyo

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banks play a vital role on us because almost of our money or a huge percent of country's money is in the bank. They provide and control the incoming and outgoing cash transaction

VeeraS

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Quote from: dwsgh on March 05, 2018, 11:37:39 PM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

banks will always be an important part in real-life human beings. although today many digital technologies like crypto are innovating into banking. but not necessarily will undermine the banking disebuah country. this is not like that.

SPOILER

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Yes. Banking systems is still important in the bitcoin era.

CryptoWorld87

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kingcasino.io

So far blockchain technologies is good and safe you can handle your profulio and check or use it anytime you like. Blockchain tech is just starting this is just the beggining to we still need traditional banks when we are handling our fiat money to make it safe. Later in the future i think we dont need the bank we only handle blockchain wallet.

doraegun

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Quote from: dwsgh on March 05, 2018, 11:37:39 PM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Even if bitcoin is always available and always number choice of every people, because of the limited bitcoin machine for cash out spread out to some other area. Bank is absolutely useful for backup to cash out of any fund in different country, am I right? so for the status of some many bank are still intact not affected to have BITCOIN NEW PROCESS of transferring of fund.

chuongvannguyen02

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Quote from: dwsgh on March 05, 2018, 11:37:39 PM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Now is the era of the blockchain, and the future maybe it will dominate everything in the world. But the bank also evolved with it quickly and met all the needs of its users. In the future Blockchain, banks will appear and meet all the requirements of the user.

Budugbass

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Although bitcoin is now increasingly widespread to many countries and more widely known, it still.. the Bank still plays a very important role for the country and its citizens, due anyhow.. paper money is still very used compared to the digital currency, which can be regarded as the primary requirement for each people which can't be replaced by digital currencies. If the country really support bitcoin, of course the Bank will support the existence of bitcoin and certainly will do the best as possible to be able supporting bitcoin.

Yaunfitda

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Of course, there are still people who still prefers the old and traditional way of keeping their money, specially our parents who have grown and learn that banking system is best and preferred method.

However, those who have been brought into the new millennium with digital coins like bitcoins, prefer to be their own banks. I'm sure that most of us here are anti-banks to begin with, so I wouldn't be surprise if we think that banks are obsolete already.

enkongtukmol

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it's still important it will provide you cash for daily needs like for transportation, expenses, and also daily needs. it can be also a fix saving of money it doesn't decrease on its value not like cryptocurrency it change every time.

maxj57634

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Banks are important because, it is backed up by the government and financial institution. Banks have establish trust and are trust by majority of people to entrust via money with. Banking is safest way you can hide your money with, without the worry or trouble that someone will stole them from you. Unlike in bitcoin when someone stole your bitcoin it cant be recovered.

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