I think bitcoin without banks will be fine, for example, now. I myself, can make investments with bitcoin without banks, because only by storing your bitcoin in bitcoin wallet and if prices go up then you can get benefit. Although the number of your bitcoin has not increased, but the exchange rate against the fiat will increase. So bitcoin without banks,definitely will be fine. Thank you
The problem will come the moment you cash out your bitcoins, how do you enjoy your bitcoin when it's not convertible to cash?
Although we are investing and earning from bitcoin, it is still important to accept what is real that banks is all we need to enjoy what we have. Like in my case, I have open an account in our local exchange site and I cash out directly my income in the bank thru ATM.
That's right, the right way to enjoy bitcoin is simply exchanged for fiat. So we need a bank, but we do not redeem bitcoin directly to the bank, right?
We need a third party who had money in the bank, and he wants to buy our bitcoin. In other words, you send your bitcoin to the person and the person sends money from his bank account to your bank account. I think this also applies to the exchanger you are looking for. because I think now there has been no official banks that accept bitcoin. Thank you