i think bitcoin can replace banks as we can see that the new trend of the new generation is toward online trading and shopping, they mostly do shopping online, and the the trend is now even in progress in underdeveloped countries, so if all the people of the world start using crypto currencies then there will be no use of banks and banks will automatically disappear,

Well to be honest this is a very good question,yes it Can make banks disaappear .bitcoins is the new future .well there should be  a education system for bitcoins so that more and more people know about bitcoins .then only salary can be taken as bitcoins and whole ovet banking system will be taken by bitcoins.kudoos:)

Banks will disappear, this can not be determined, the money exists, the bank will exist.If the bitcoin replaces the paper currency, or other digital currency to replace the paper money,then the bank may disappear.There is also a possibility, the bank will also choose another way.

I doubt any company besides banks will loan you some ammount to you repay withing 40 years or 50 years,they take the risk and in the most cases they are able to get around 200% the investment ammount.Bitcoin hasnt such structure,to try to enter on these market,try to get a loan for 1 year with bitcoin and see how difficult they will throw at you ,asking several things,proofs,anyway the thing is banks has a fee high but offer an unique repayment time .

Banks most likely wont disappear but they will need to adapt, some will be more successful with that than others and those will become the dominant banks of the future.

 

I like to believe that people are stronger then governments and establishment. Banking system exists for a long time, my opinion is that bitcoin is better and if people of this world see as I do we can change this world together.
When people are united anything can happen, I know here we talk about far future but changes are inevitable. I strongly believe that bitcoin is capable for this, one day we will see how people quitting from banks and joining bitcoin, that will be great turnover.

I think slowly bitcoin is conquering online transaction industry.  The one hindering it is the  position of government towards bitcoin.  There are lots of internet person who already known bitcoin especially some popular sites like steam is accepting bitcoin as a payment.  If the government favors bitcoin usage then, the daily adoption of bitcoin will exponentially increase due to government backing the use of bitcoin.

If bitcoin will go the same way of working as real banks, I do not think that this will be the best choice. It all depends on how will their work relates to the users, and how to be served by ordinary citizens. If bitcoin offers good and favorable conditions it is possible to take out it is in the lead.

I think ot can if bitcoin spreads over more areas in the world. I thu k more hitech CPU tries will use ot more since it is new and the future of finances.