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    Author Topic: Can Bitcoin make Banks disappear?  (Read 427679 times)

    • greBit
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    March 04, 2016, 05:18:27 PM
     #621
    Quote from: OrangeII on March 04, 2016, 04:49:21 PM
    Quote from: bitlancr on March 04, 2016, 03:41:00 PM
    That is not possible. Many people need their banks and you can change that. It is very important for them so it cant disappear.
    I hope that more people will of course use Bitcoin. That will be very good. But you never know what can happen with the value.
    it is not impossible, but it is very difficult, many banks currently storing valuables, one drawback of bitcoin is that he can not keep valuables and bank security more leverage in comparison with the current bitcoin

    Yes it is impossible for bitcoin to make the banks disappear because we do not have any bitcoin outlets or physical saving center where people can store their valuables like they do in banks and i don't think banks will let bitcoin overtake them because banks will become more vulnerable when more people starts using bitcoin.

  • Nameless Coin
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    March 04, 2016, 08:34:10 PM
     #622
    It cant make them disappear. A lot of people need their banks. Bitcoin is not even that popular so why do you think that...
    Of course it will be reduced later in the future. But you never know what can happen later. And Bitcoin is becoming more popular so that is very good.

  • Kollor
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    March 05, 2016, 01:19:34 PM
     #623
    The answer is clearly a big "NO"... banks are well established, while bitcoin is just starting out its journey.. banks may also try a technology almost the same as the bitcoin technology, and might probably develop it with lesser flaw..

  • nejibens
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    March 05, 2016, 01:58:49 PM
     #624
    I think we need both banks and wallets because till now we need the banking services to promote better the Bitcoin and convince more people to support it as we can convert it into fiat easily

  • Hellacopter
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    March 05, 2016, 02:18:59 PM
     #625
    I don't think that Bitcoin can make banks disappear because people still needing the banking services to even purchase and trade the Bitcoins online , so i think both banks and bitcoins will be used and supported

  • randy8777
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    March 05, 2016, 02:24:53 PM
     #626
    Quote from: Hellacopter on March 05, 2016, 02:18:59 PM
    I don't think that Bitcoin can make banks disappear because people still needing the banking services to even purchase and trade the Bitcoins online , so i think both banks and bitcoins will be used and supported

    of course bitcoin can't make banks disappear. not sure why people still think this is even possible. bitcoin is nothing more than an alternative to our fiat money. governments will never allow something to take over where they don't have control over the whole economy. control is the most important thing for them.

  • n0ne
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    March 05, 2016, 02:30:16 PM
     #627
    It won't happen in a short time or too. Making banks disappear is like not using money for our daily needs.
    Bitcoin is known to only a few percentage of people. Also to stop banking services no one will support.

  • apriyoni
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    March 05, 2016, 07:56:43 PM
     #628
    Quote from: n0ne on March 05, 2016, 02:30:16 PM
    It won't happen in a short time or too. Making banks disappear is like not using money for our daily needs.
    Bitcoin is known to only a few percentage of people. Also to stop banking services no one will support.

    The bitcoin will make the banks more profit if they adopt it. It will cut their cost quite a lot and make the service more flexible.

  • HostSurf
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    March 05, 2016, 08:49:37 PM
     #629
    Quote from: apriyoni on March 05, 2016, 07:56:43 PM
    Quote from: n0ne on March 05, 2016, 02:30:16 PM
    It won't happen in a short time or too. Making banks disappear is like not using money for our daily needs.
    Bitcoin is known to only a few percentage of people. Also to stop banking services no one will support.

    The bitcoin will make the banks more profit if they adopt it. It will cut their cost quite a lot and make the service more flexible.

    Bitcoin will take profits away from banks, but banks will always be there. There are just to powerfull to blow away.
    In the end their monopoly will reign for century's.

  • MyBTT
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    March 05, 2016, 09:26:05 PM
     #630
    Quote from: apriyoni on March 05, 2016, 07:56:43 PM
    Quote from: n0ne on March 05, 2016, 02:30:16 PM
    It won't happen in a short time or too. Making banks disappear is like not using money for our daily needs.
    Bitcoin is known to only a few percentage of people. Also to stop banking services no one will support.

    The bitcoin will make the banks more profit if they adopt it. It will cut their cost quite a lot and make the service more flexible.
    There aren't enough people using Bitcoin yet. And how would they make any profit, people would still buy Bitcoin from exchanges.

     
     
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  • BitsandBites
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    March 05, 2016, 09:29:27 PM
     #631
    Quote from: HostSurf on March 05, 2016, 08:49:37 PM
    Quote from: apriyoni on March 05, 2016, 07:56:43 PM
    Quote from: n0ne on March 05, 2016, 02:30:16 PM
    It won't happen in a short time or too. Making banks disappear is like not using money for our daily needs.
    Bitcoin is known to only a few percentage of people. Also to stop banking services no one will support.

    The bitcoin will make the banks more profit if they adopt it. It will cut their cost quite a lot and make the service more flexible.

    Bitcoin will take profits away from banks, but banks will always be there. There are just to powerfull to blow away.
    In the end their monopoly will reign for century's.

    I don't think that banks will ever be gone. They are just too big. Most of them control the financial markets
    And their power/ influence

  • dhimasnk
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    March 05, 2016, 11:54:34 PM
    Last edit: April 05, 2016, 08:52:10 PM by dhimasnk
     #632
    I do not think so. The Bank is one important part in the world economy
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  • MTBTT
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    March 06, 2016, 12:38:41 AM
     #633
    Quote from: sallymeeh27 on March 04, 2016, 05:11:12 PM
    I don't think that banks may disappear even bitcoin is on high demand. Still banks will operate at this times, but banks may operate or transact with bitcoins. This kind of conclusion may happen in the future or sooner. I am actually looking forward for more business with bitcoin..
    it might just happen. when bitcoin began widely used by people in over the world, it is not impossible that. the bank will also be support for storage bitcoin or transactions using bitcoin

  • Mr. Big
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    March 06, 2016, 03:22:42 AM
     #634
    Quote from: dhimasnk on March 05, 2016, 11:54:34 PM
    I do not think so. The Bank is one
    important part in the world economy

    Yeah that is true, investors use it very much, even us, we have bitcoin but most of us has a bank account...even if bitcoin goes mainstream, I think bank would always be there and might probably be using the same technology as bitcoin...

  • CryingMidget
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    March 06, 2016, 03:55:01 AM
     #635
    Quote from: dhimasnk on March 05, 2016, 11:54:34 PM
    I do not think so. The Bank is one
    important part in the world economy

    People don't understand the real power of the Bitcoin network. cut the banks, refuse devaluate and inflationist currencies. People earn too much,  make actually, to use Bitcoin at is real value and utility.Keep saving bitcoin to make big profit.

  • ajun96
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    March 06, 2016, 04:25:43 AM
     #636
    Quote from: sallymeeh27 on March 04, 2016, 05:11:12 PM
    I don't think that banks may disappear even bitcoin is on high demand. Still banks will operate at this times, but banks may operate or transact with bitcoins. This kind of conclusion may happen in the future or sooner. I am actually looking forward for more business with bitcoin..
    if the demand of the market is huge. The time course bitcoin already dominate the market just as COMMODITIES. instead of currency. this is just my prediction. because most bitcoin users are investor or trader. so I'm confident with it. banks will not disappear or cooperate with bitcoin although big demand

  • darewaller
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    March 06, 2016, 07:10:16 AM
     #637
    Quote from: dhimasnk on March 05, 2016, 11:54:34 PM
    I do not think so. The Bank is one
    important part in the world economy
    But bitcoins can themselves have their own bank and the tax saving feature would be able to attract a lot of customers. When bitcoins get more popularity, the importance of banks may diminish over time.

  • Whosdaddy
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    March 06, 2016, 07:15:10 AM
     #638
    Quote from: darewaller on March 06, 2016, 07:10:16 AM
    Quote from: dhimasnk on March 05, 2016, 11:54:34 PM
    I do not think so. The Bank is one
    important part in the world economy
    But bitcoins can themselves have their own bank and the tax saving feature would be able to attract a lot of customers. When bitcoins get more popularity, the importance of banks may diminish over time.
    The important part of world economy is no longer enough to compete with digital world. That is the point where the problem for banks starts. The bitcoin's popularity may make banks disappear for sure.

  • justspare
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    March 06, 2016, 07:26:57 AM
     #639
    Banks and Bitcoin are here to stay. But that doesn't mean that banks are going to disappear just because of Bitcoin.

  • Imoote
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    March 06, 2016, 07:43:12 AM
     #640
    Quote from: justspare on March 06, 2016, 07:26:57 AM
    Banks and Bitcoin are here to stay. But that doesn't mean that banks are going to disappear just because of Bitcoin.
    Yeah right I believe that the bank will not disappear because bitcoin because I think they are different and are not interconnected. Any later bitcoin will not affect the bank and vice versa.
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