What is the connection between Bitcoin and Banks? i don't think their is any the primary functions of banks is accepting deposit and lending loans and Bitcoin you can see does a different thing so it does not constitute any threat to banks.
You need to read more about bitcoin because it seems you do not know anything about it, bitcoin allows you to be your own bank, you can store your bitcoin securely, you can send it to the other side of the world without any third party telling you what to do, and the best part is you can open a wallet without giving any kind of information about yourself, bitcoin is way better than any bank on the face of the earth and they know it. 
Topic: is it true that bitcoin is a disaster for local banks - page 6. (Read 1198 times)
they are afraid unequivocally yes but it seems to me that banks will find a way to regulate crypto currency
Yes. It is a possibility .
Lets assume that bitcoin gets generally accepted as a medium of payment globally. Don't you think , that people will reduce transactions with banks ...which is going to impact negatively on their progress.
Lets assume that bitcoin gets generally accepted as a medium of payment globally. Don't you think , that people will reduce transactions with banks ...which is going to impact negatively on their progress.
I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
No, this is completely untrue. Banks are not at all threatened by bitcoin, bitcoin is unable to replace banks, since it does not have the appropriate functions. Therefore, banks there is nothing to be afraid of bitcoins and other decentralized crypto currency. Banks will exist in any state, since they have actually become a part of it, serving the country's economy and state structures.Bankers of the Crypto-currency are partially deprived of profit due to some loss of their customers, but banks and the banking system have nothing to fear.
I think this is true because there is no alternative now (other than bitcoin) that can resist a banking monopoly.
I think it is not true. Actually the banks are choose what they do in the bitcoin. If they choose it as an enemy or choose as a friend. Bitcoin and banks in my country are friends so that they benefit each other the banks put tax in bitcoin to earn and as exchange the bitcoin is freely moving in my country. 
I think this is true because there is no alternative now (other than bitcoin) that can resist a banking monopoly.
I hope the two can walk together to progress
Perhaps in the distant future it will be so. Now Bitcoin is a way of investing. Very risky.
I doubt it very much. Banks will live as long as there is life on earth. Tools for financing can only change.
why many people are always comparing bank and bitcoin, as we know that fiat and bitcoin si totally different so if you comparing fiat and bitcoin or the bank with bitcoin it don't has the similarity, so stop comparing bitcoin and fiat currencies
IMO, bitcoin/cryptocurrencies and banks can be pictured out as what happened to e-mail and postal services. If bitcoin/cryptocurrencies will be fully utilized as an alternative to fiat money, then bitcoin can surely be a disaster for banks locally or internationally.
I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
Banks are never into this kind of transaction because they see bitcoin as volatile in the market and it takes enough time to consider its potential just like what happened when it increased its price enormously. People are waiting for the next wave; however for the bank - still the threat of making this activity be influenced and manifested. Banks will never intervene the market of crypto because it would give them negative impact on their business activity.
yes, that's right, banks are afraid and worried if their roles are replaced by decentralized systems, even in Argentina there is the first bank to receive crypto transactions especially bitcoin.
and in reality, bitcoin gets a great response from the public, and dominates every payment and every transaction.
because of that, they always create FUD to make bitcoin weak.
and in reality, bitcoin gets a great response from the public, and dominates every payment and every transaction.
because of that, they always create FUD to make bitcoin weak.
The negative attitude of banks to the crypto currency is gradually beginning to manifest itself in the open. Crypto-currencies such as Bitcoin have a certain appeal, given the lack of transparency in the banking system.
What is the connection between Bitcoin and Banks? i don't think their is any the primary functions of banks is accepting deposit and lending loans and Bitcoin you can see does a different thing so it does not constitute any threat to banks.
Right.Banks and bitcoin do perform different tasks so bitcoin should not be a threat to any bank because there is really no competition between them.Banks are focused on fiat currencies but i also believe that maybe in the future banks will also open their doors in accepting cryptocurrencies once it will be legalized in such countries.Yes, I am also having a strong feeling that bitcoin will be accepted soon in different banks if those particular countries will legalized that use of bitcoin, for now I don't believe that bitcoin is a disaster for local banks.
What is the connection between Bitcoin and Banks? i don't think their is any the primary functions of banks is accepting deposit and lending loans and Bitcoin you can see does a different thing so it does not constitute any threat to banks.
Right.Banks and bitcoin do perform different tasks so bitcoin should not be a threat to any bank because there is really no competition between them.Banks are focused on fiat currencies but i also believe that maybe in the future banks will also open their doors in accepting cryptocurrencies once it will be legalized in such countries.
today banks are actively developing in the world of crypto currency! they also do not stand still and constantly introduce a crypto system! banks do not like that most of the money went to the bitcoin payment system and there are a lot of transactions! This does not like banks!
I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
This can be kind of weird but my country is acting like cryptocurrencies not existing at all so banks are you ignoring the fact of crypto in the world economy stage.
Its no for me, because bitcoin has a good intention to people specially in our society and to our country because bitcoin theres so many people they help to be a successful in life, i dont wanna listen to the people have a bad news in bitcoin.
It is true that Bitcoin are one of the most fearful competitors of the local banks worldwide. Especially now that Bitcoin community is keep on its growth, a lot of people are keep on their curiosity to crypto currencies and eventually engaging to Bitcoin. For me, I think that the local banks are mostly afraid because they are thinking that in the coming future their place will take over by the Bitcoin or the crypto currency community.
Jump to: