Point of correction, banks can't go down completely, this is not the first time the banking sector would be stressed and the government always come to rescue them. Also, they are carefully planned and structured, part of the reason why they are regulated and also insured.

Truly, the overbearing nature and leak of privacy through banks are much, they are also controlling, yet too important to the economy, and they will never go extinct. At least, not for now, it can only be modernized, more digitized.

Banks, they are always to be blamed if something goes wrong, customers' funds are safe with them and you will always get a refund no matter what, it's not the same with crypto or Bitcoin, if you lose your money it's gone for good, this is the different between centralize and decentralized, if someone does it for you tha person will be blamed for your loss and if you do it yourself you are responsible for any losses.

Bank is not generally bad and I will still advise against keeping all your money in crypto, have some Fiat in your bank account and have some in crypto, the future remains uncertain as anything can happen between this two currency solutions in the future.

Majority of us are not ready for this conversation honestly. The way some people are waiting for any slight opportunity to rubbish the banking system is alarming and dangerous. Yes, I believe the banking system is full of lapses and crypto is not absolutely perfect too but making it sound as if the banks will run away with one's money is one thing I don't understand. It's important to know that banks are strictly out there for business and you shouldn't expect them to keep your money for free. They have staffs to pay, tax to pay and undergo physical and technical maintenance too.


Despite my belief in crypto and the fact that I encourage people to crypto doesn't make banking systems useless to me at all. I have never been to bank and was told money is not available before while in crypto there's a time you can not actually be able to sell part of your coin unless you are ready to sell at depreciate price. My investment in Luna is now absolutely worthless. You can not tell me such things happen in banking systems. Despite my faith in crypto, particularly the Bitcoin, I will not or advise anyone to rely solely and invest heavily on it because we don't know what the future holds.

Conclusively, I'm not in support of banking exploitation but tarnishing their image for Bitcoin support is what I am against here. They are also running business and have a role playing in every nation economy too. Crypto should not make us to abandon banks because both have role playing.

I need to disagree in this part, if First Republic Bank were denied their customers to access their assets, they would block or postpone all of the customers' withdrawals in order to make their banks alive until there a lot protesters asking their money and the government force the banks to allow their withdrawals. The customers of this banks were withdraw $100 Billion of money, even though there's should be a customer still had money on there.

Similar thread had been created before First Republic Bank fall: fear of more others to follow.

Whether to adopt Bitcoin or stick with traditional banking depends on your personal preferences and circumstances.

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, allowing for fast and secure transactions without the need for intermediaries like banks. Some people choose to adopt Bitcoin because they believe it offers more control over their money and more privacy. Others are drawn to its potential as an investment or a way to conduct international transactions without currency exchange fees.

However, it's important to note that Bitcoin comes with its own set of challenges and risks. Its value can be volatile and unpredictable, and its adoption is not yet universal, so it may not be widely accepted as a form of payment in some places. There are also concerns around the security of Bitcoin wallets and the potential for fraud or hacking.

On the other hand, traditional banking offers a range of services, including savings accounts, loans, and credit cards, that are not yet fully available through Bitcoin. Banks are also subject to regulations and government oversight, which can offer a layer of protection and security for your funds.

Ultimately, whether to adopt Bitcoin or stick with traditional banking is a personal decision that depends on your financial goals, risk tolerance, and overall preferences. It may be worth considering both options and assessing their benefits and drawbacks before making a decision.

Although many banks continue to lose value and some eventually collapse, this does not mean that they will cease to exist in the years to come.  Just like cryptocurrencies, investors will continue to come and go in the same manner. More security and complete control over our money were granted by Bitcoin, but only for those who knew how to utilize it. There are advantages and disadvantages to employing each one, but my main priority is maintaining complete control over my money while attempting to reduce any potential sources of loss while implementing a decentralized system.


Banks are rippers, as many other people believe, but some people still find comfort and confidence in them and will use them continuously.  Others may not view utilizing bitcoin the same way that you do, and you can't hold them responsible for it. Those that are unable to accept bitcoin are typically unable to secure their own funds, which is a significant risk in the cryptocurrency world. Therefore, it would be better for them not to join than to join and spread false information about bitcoin when they fall victim to loss of assets due to their own negligence.

Withdrawal of 50% from their savings doesn't mean that the bank will collapse,it will only affect their income due to the fact that there will be insufficient funds for the banks to use for loans and it will bring panic to them. From the information that I got from this news,it was clearly stated that US government will pump in funds to stop whatever damage that huge withdrawal could cause to the bank. It is good that we should have two savings,in bitcoin and also in fiat,so that we will be on the save side. We need these banks to help the circulation of money,to monitor and regulate it,for easy transactions of citizens. I don't think that we can live without the banks in this world.

Even though there are more bad reasons to use a bank, people will not leave the bank as a place to keep their money because they still believe the government will try to protect or protect their product. And I also still use the bank as a transaction tool and save a little money to take care of the urgent thing so I don't have to sell bitcoins.

And until now, the bank is still operating well, even though the bank has not confirmed that they are on the verge of collapse. And if that's true, the government will try to help it not collapse.

And we have become lucky people because, on the one hand, we can still follow developments in the real world while preparing ourselves by continuing to use bitcoin. And if, somehow, the bank crash does happen in all countries and they turn to bitcoin, we are ready to participate.

Amidst the ongoing failure experienced with using banks after the partial shutdown of First Republic Bank, it was noted that in front of the bank was found a bitcoin truck which has on it written, be your own bank, this goes along way in telling people about craving for a financial alternative to using banks a d switch to a digital currency that has its complete freedom by putting you in charge of your own asset.


https://twitter.com/BitcoinMagazine/status/1653186356284207107?t=Cb2_7mZpsZDaKuEPvJBpAA&s=19

It's high time we now take our financial economy with all it takes to be our own bank and have control over our wealth in terms of financial digital currency with bitcoin, am sure one of the bitcoiners made thus appearance in front of the bank to let other investors have their eye open to opportunities with bitcoin amidst the fiat financial challenges.

Maybe Satoshi knew a time like this, when banks will start crashing, would come, and that is why he and his crew developed bitcoin...

On a more serious note though, I am not surprised, this is what I would always say, our dear bitcoin can't get adopted over night, stuffs like this have to happen, so that it will encourage many people who have had their faith and trust in banks, to stop trusting in banks and begin to look the side of bitcoin..

Since 2016, have bitcoin ever crashed more than 50 percent in one day?, I think no is the answer, even the day the second largest exchange went bankrupt, bitcoin did not crash up to 50 percent in that single day, this goes a long way to tell us that bitcoin is a really strong asset, and very good to invest in, as the chances of losing money instantly is near zero, if actually possible.