Bitcoin Forum

for the moment the Bank is still standing upright, then how is the continuation of the bank if Crypto already stand alone and in the public know so that in use fully and all countries wear it. is there going to be a temporary panic in the financial world? .... and all the banks in every country collapse is that what will happen hopefully there is no market panic

Banks will collapse?I dont think so yet this thing is very an impossible thing to happen and i cant really think off that crypto would really comes to a point on where it would able to stand on their own.I would like to ask on where bitcoin or cryptocurrencies do get their value? Its still on local fiat.It might progress and develop but wont really coming to a point on where they would become independent.

Banks are here to stay, whether we like it or not. On top of that, if crypto actually becomes a settled asset class, banks will hop on board and adjust their core business to make themselves crypto friendly in each and every aspect. If you seriously believe that they will just sit back and watch how crypto is taking over, you are delusional. I personally don't even understand why people think banks will face serious problems if crypto gains more ground, and for that reason might disappear at some point. Banks adjust to that what brings them further. If that means they need to adopt crypto, and it's legally allowed, they will. If people (generally speaking) have a strong dislike towards banks, then they should move away from them partly or entirely, and focus on Bitcoin.

Imagine, you transact without a bank as an intermediary or Peer to Peer (P2P). It's certainly faster and cheaper without the number of outgoing costs, is it? This is the advantage of Blockchain's technology in Bitcoin and cryptocurrency.

Blockchain technology is like a cash book that records transactions that occur which then spread to the P2P network. Anyone transacting using Bitcoin or cryptocurrency automatically becomes part of the network and has access to view transactions. so in my opinion Bitcoin will tear down the Bank so why Many central banks in the world Panic

I once answered this problem to the previous thread.
IMO banks will never collapse or be replaced, even though cryptocurrency has its own stand. a little bird told me this, that banks and cryptocurrency will co-exist and we need to know also that banks existed before cryptocurrency existed.
Do not count your chickens until they hatch!

Cryptocurrencies can stand their own someday, it will take time to let them be stable although price still remains that it depends on the investors and user numbers but the bank will also there, this will be competing in the future and they will co-exist but something will happen since they have competition when it comes to what money to use!

Banks will survive while the masses keep using them. Fortunatelly, the traditional banks can be overcame once new banks appear offering better deals to its users. The greedy banks should bankrupt and new banks more friendly to Crypto-Currency on its essence and more friendly to customers should appear and take their spots. Banks and Crypto-Currency can live together pacifically, since banks respect what Crypto represents and was designed for.

This is what many don't want to understand: cryptocurrencies will not make the banks collapse. OK, they may have to adjust some of their services, but not a big deal.
Cryptocurrencies will indeed make banks earn less money and that hurts them, but that's all.

Governments work with inflationary currencies. They don't know another way. Banks do the same. And it's not bad. You don't want to get a loan in Bitcoin to buy a house since you may have to pay millions or billions for it because Bitcoin is deflationary. There are few inflationary coins, one is Dogecoin. Now ask yourself, will National Treasury give up on Dollar for Dogecoin? :)

So let inflationary world stay with their coins and better ask them let us stay with ours.

Banks are not going anywhere. They will adapt and coexist with cryptocurrencies. Even banks will start using blockchain technology for their transactions and accept cryptos fully. They are here to stay

Im not a maximalist in this regard. I can't see a world where the banks are displaced, not any time soon anyway, its too much of a long shot in my opinion. In order for it to succeed in the way you envisage it will have to be incorporated into the banking system and some concessions will probably have to be made.

banks will always exist and crypto will not drop the bank because both have a very important role in the economy, it is true that banks and crypto will co-exist and require balance in the economy, the bank reminds its users of the economy. risk of investing in crypto and ICO currencies. At the same time, banks are trying to adopt blockchain technology in crypto currency so that technology used by banks is not left behind by Blockchain technology.

I really doubt banks are going to disappear even if cryptocurrencies where to became a major part of the economy, bitcoin promises to make us our own bank and it does but many people do not have what is necessary to be their own bank, just look at the amount of people that lose their coins every day they are not ready for the responsibility and so they would rely on banks to secure their coins.

Banks will always be greedy and nothing will happen to them and as much as I feel you are saying all that out of bitterness to see banks go down completely, which I feel the same as well, unfortunately, it cannot happen. We all keep saying cryptocurrency is a threat, but with regulations, banks can start trading cryptocurrency as well and we may start having an over the counter transactions with banks, so at the end, they will still be able to play their card well to gain some relevance.

Presently, banks should not even see much threat yet since fiats will still always be needed until we get to a stage where cryptocurrencies can easily be used for day to day activities, but in that way regulation will still be the norm of the day anyway. Banks cannot collapse and even if the blockchain technology ends up taking over, they will still find a way to integrate it into the system to be able to stay relevant.

Can't really blame a system that was set up specifically to create the concept of money, and then create an economy revolving around their system... to want to maintain that system. But you're right. Despite all the things they've been blamed for, and all the things they have admitted to (how many global economic crisis have we had already? and debt crisis?), it's already so pervasive, so there's not much we can do to remove them even if we wanted to.

Banks long ago recognized crypto's decentralization as a threat. But they have won many battles now, brought regulations and centralization and even their own cryptos now. Their days are numbered, but will still be around for a very, very long time. We and our grandchildren will probably even still see them get stronger first before that.

The whole idea of a decentralised system of currency and transactions was to achieve self-reliance while having the highest level of security. All these banks and other centralised agencies are tampering the name and fame of cryptos by calling it out to be the next Tulip bubble. This will go on till the end users begin realising that these centralised agencies are having a field day manipulating them to think that cryptos are a menace.

In general, I do not think that the banks will collapse despite that the era of digital currencies have led to financial problems in some countries, But they always have strategies to avoid the financial crisis, especially for the big banks.

As well, In this period, they are making new digital currencies in a secret way. And Ripple (XRP) has created from him and now it is the third best currency is the market and their value marker cap is very huge compared to their low price because banks are investing with an acceptable value in them.

On the other hand, It is in the interest of many governments or banks to deal with digital currencies because they are experiencing great success, despite the existence of many crises in this period.

And one thing you don’t know yet is that Bitcoin can never stand on its own. Everything in the world is already being controlled by fiat, and even Bitcoin is being controlled fiat too, so  there is no way it can stand on it own. That’s why sometimes when I see some people talk about how Bitcoin will control banks and take over everything, I usually consider it sick.

I can't  imagined why some people have a mindset like that. It's not really making sense to me.

Literally, banks and cryptos have different purposes, usages, systems, development, aspects, technology, innovations etc. Even how bloom the crypto technology is on a certain country, banks will still be there standing strong as it has roles that cryptos can't give.

Those crpyto enthusiasts are thinking too much that even those real facts are being disregarded.  :-\

Banks are not collapse, but banks are not happy with crypto currencies. Recently i met a banker and he is dislike and argue with me about crypto currency, it mean banks know that in future crypto currencies will make some trouble for them. But now i think every thing is normal and under-control, I don't see any panic situation in market.

Banks has been there since the time the means of currency is through gold and silver so their continuation isn't a question even there's cryptocurrencies who can be our very own bank.

People has the right to choose if they will stay with banks which is not questionable because many believes and trust the banks.

There's no need for them to panic, they will stay as long as the government will have the control to a country's economy.

No need to wait for the future, it is now clear how the cryptocurrency threatens the banks. Some of the things that are likely to be taken by the cryptocurrency from the banks:
- Investors, they consider the many troubling requirements if investing in a banks. not worth the investment in crypto currency.
- Employees, banks have been known for their high salaries. Say a security guard. When compared with the salary factory,the bank is still higher. Well what happens, some bank employees start appearing to leave a high salary and prefer to earn income with crypto currency.

Banks will still exist no matter what simply because cryptocurrency is a decentralized market and the government can’t do anything on that, therefore in order for them to control things they need bank for that. Cryptocurrency will grow more in the future.

Banks is in the upper hand because mostly all people in the world uses bank in their daily life but cryotocurrency is still new to the people and it is only used by 10 percentage or less than the world population but not as a currency as an asset so still banking is needed until everyone uses bitcoin.

Though I want a mass adoption of cryptocurrencies because it would have a big advantage for us who are already adopters of it, I don't think banks would collapse and be replaced by cryptocurrencies. They are already studying blockchain technology so that they can still compete with cryptocurrencies. Besides that, it would be hard for all people to use cryptocurrency because not all knows how to use the new technology and has a network connection so transacting it would be impossible. Fiat money and cryptocurrencies would just co-exist like what is happening now. In the future maybe there would be more adopters of crypto but fiat will still be there.

Banks will be able to adapt and find a way to blend in as time goes on, so assuming banks to collapse is definitely out of it. I totally agree with your point on the co-existence and I am sure banks will find a way to benefit in the long run once governments start implementing regulations. You may need to start sharing the hatched chickens of your little bird that is always telling you things though. ;D

There are even some things we really do not need to be thinking or assuming. Fiats will still be in existence and people will keep using cash in some part of the world, so assuming banks to just fade out like that is not possible. Even if we get to see cryptocurrency booming and hitting the market strong, once most countries start regulating, I will not be surprised seeing banks starting cryptocurrency exchange in the long run.

Banks have existed since the beginning of human civilized life and will exist until its end. Therefore, those who believe that the crypto currency will destroy banks, do not understand the economy and statehood at all. Each state needs banks to finance the economy and, in general, any directions of state development. Therefore, if the crypto currency is in conflict with the banks, it will be banned immediately, regardless of what, the state in this respect defends itself rigidly, up to criminal liability for any operations with the crypto currency. Therefore, it is better not to joke with such things.

The scenario that you pictured will not likely to happened in the future. Even though that crypto is slowly going mainstream and a lot of people want to be "its own bank'. Financial institution will stay whether we like it or not. Yeah, we must admit that crypto is a threatening disruptive technology that has challenged the way we look at banks, but it doesn't mean that it people will all go to crypto to store their wealth and money. And its a main component of the economy in the world. Banks is like a gauge, observe those wealthy nation and you will notice that their banking and financial system are very healthy as well.

I do not care about each other, because each has its own belief and has its own specialist and for both of me work is very need each other, whatever happens bank and crypto will not drop each other.

That is the whole idea but I think we need to understand the position they are in, they have all the power in the world and then someone a complete stranger creates something that is a menace to their power, of course are not going to be happy about it, but I think I'm they realize they cannot defeat bitcoin so what they are doing? They are trying to manipulate the people to not adopt it.

Regardless of how actively the crypto currency is introduced into our life, banks will always exist, since any government decisions that concern finances are implemented through centralized banks. It was always and so it will be in the future. Crypto currency in this regard can not completely replace conventional money and is not capable of leading to theft of the banking system.

The only reason why we are not seeing much from the government right now is because they really have nothing to hold against cryptocurrency and all that they have been saying is just a way to raise some annoying excuse. However, I agree with you that banks will always be significant.

If there is one thing we really need to be true to ourselves about, that is the fact that so many people here today are not here to make use of cryptocurrencies as currency but as an investment, so I guess we are just seeing another world of digital stocks.

We cant really deny the fact that most people involve on crypto are not really after on the tech itself but rather or majority would be focused on making up money.Its normal since people do the things as long they can able to make money which it would really still end up on having a physical local fiat. Banking would always be significant no matter what.We might see a progress or adaptation of crypto but we cant really change on the sole purpose of banking.

banks will definitely play a major role if bitcoin and alts can't still be use for normal purchase transactions, we seeing a lot of companies accepting cryptocurrency for payment such as real estate and purchases of goods but can't be use for small transactions yet so banks will continue its efficient service in financial system.

Banks will always exists unless the government give clearance to have crypto banks then this might turn the story else their is no way that it will affect the banks. Only thing it will change is using the bank services while transferring abroad this will be replaced by virtual currency.

Banks should not even consider cryptocurrency as a threat. We are just busy deceiving ourselves to think the banks will just get eradicated with a decentralized ecosystem. Way too much thinking and something that obviously will not come to reality. Banks serve so many functions apart from savings, and even if time comes that cryptocurrency becomes regulated, banks can always find a way to fit in, so at the end, they will always have a huge advantage in the picture.

I even feel we over hype the whole thing sometimes since we usually do not consider the fact that not everyone is a fan of the internet and would rather prefer the traditional way, so that makes bank still relevant obviously. Also, we have to understand that not everyone have access to the internet, most especially in some third world countries, so we need not to forget them in our discussion.

It is very possible that at some point in the future due to an economic crisis many banks are going to disappear, however we cannot expect the whole banking sector to disappear, that will not happen, banks will adapt to the new circumstances and if cryptocurrencies become an important part for the economy of the world you can be sure they are going to find ways to transact them and use them in their favor.

I think it is not possible for the future of blockchain technology used worldwide. but this is just beginning. only a few countries legalize crypto as a transaction and payment. will take a long time if this is used in our lives. because many countries do not agree about crypto. as well as in my country indonesia. but as the technology progresses. I believe crypto will be used as a transaction for the future. and I think it does not endanger banks because banks can work together using crypto technology. like the ripple thing that Japanese banks will use.

Why would they vanish if they would able to adopt crypto? They would really have any other choice but to accept it rather than on choosing up to stop their service due to the competition.If  crypto can stand alone then we do have lots of options and we cant really deny the fact that there were always people who do entrust traditional banking sector no matter what and I do strongly believe that crypto wont possibly reach that state.

That's pretty obvious, yes. I think that crypto needs like 10 years more to fully develop the technology and it's practical approach.

In all honestly your right that at this time, bank is still significant in 50% in our society. But on the statement “until cryptocurrency can stand on its own”, I don’t agree with. It can stand long time ago without the needs of or to be transacting with the banking system. It is now independent, but that is not the problem. The people is not yet ready or afraid to live in a total undocumented process.

The development of the crypto currency can not lead to the collapse of the banking system in the future. Banks will always exist, since they are a prerequisite for the existence of any state. All financial issues, any fulfillment of the economic development plans of the country are carried out through banks. Crypto currency in this matter will not be able to replace banks, since it has greater volatility. Therefore, if the crypto currency will pose a significant threat to the functioning of banks, it is likely that the state will limit the circulation of crypto currency, protecting the efficiency of banks.

I believe even though cyrptocurrency can stand on their own, banking is still significant.  Because banking is essential to everyone.  Banking is not all about money being stored in an institution but rather getting profit from the stored money (% earned).  Aside from that, institutions like bank is still the better way of storing our important documents and stuff aside from money.

I do believe that even though cryptocurrencies can stand on their own, which is not possible, there would still be need for banks.
Cryptocurrencies can and will never be able to stand on their own as banks are what gives them value. If there are no banks, there would be no reference point to determine the values of cryptocurrencies.
Besides, financial institutions such as banks are not only set up because of the money involved. Banks are also set up to safekeep valuables.

Yeah, that would remain for a very long time. Firstly, we have to understand that salaries are still going to be paid in fiat and I am not sure how government will react to companies paying in bitcoin. People will still want to get loans for business as well and so many other things.

Hence, one way or the other, banks will still be very operational, and if cryptocurrency gets big, I am sure they will find a way to hop in to render some services for their own benefit, more like the way we have exchanges now.

I think you are even understating the fact. Banks are significant more than 50% in our society except we just want to lie to ourselves. I do not see banks being ripped off their position in long time from now. Most especially in places where there is even limited access to information and internet, and in even places that there is full access, some are still playing the traditional card to everything and the prefer it that way. In some perspective banks already tarted to lose their significance from common people's economical aspects. I strongly believe this will keep on increasing in coming days.

Both will stand straight, bitcoin will be difficult to shift the bank to make itself as a legitimate currency is very difficult before there will be no permission from the bank because it is considered very risky in the future where the price is fast up and down, and other bitcoin better known as a digital asset where much of the potential it has bitcoin.

Banks would never ever lose its significance when it comes to economical matter.We do know their role which most people do know on how these institution words on the entire economy.Crypto might stand on their own but not coming to a point on where people would really transfer from traditional legal system to a decentralized one.I would like to know if how cryptos would stand on their own if they would be still on uncontrollable side?

Financial institutions are already in a huge position to remain relevant and nothing is apparently going to be changing that in the long run. I know most people may think that banks have duped us for so long, well, that is past, this is present and in the future, I do not expect the banks to close their eyes and get pushed out of the system, so as long as that is, they will always find ways to always remain relevant with or without cryptocurrencies.

Both may survive but the question is which one is going to dominate. The definite answer in long run must be "cryptocurrencies" alone. Because banking system has its own pitfalls which may end their life in coming years when people come to the point of understanding those pitfalls.

Yes, 10 years will be more than enough for crypto-wrold to get established as a replacement for traditional banking.  But, what I am worrying is, the awareness of cryptos to common people, the rate of spreading may differ among different part of world still it is lower pace than estimated.

At the same times, I do not even see how banks are going to be pursued out of their space for now, and even if cryptocurrency gets big, worst is just for them to start finding ways they can also benefit from it. Banking system has been on for a long time now and there is nothing anyone can do about it, but as it is, we will have the two system rolling for a while and when one wins, the other will find a way to blend in, and at the end, banks will blend in.

I.think banks and cryptocurrencies can exist together, each by their own philosophy and rules.
Cryptocurrencies will not replace fiat currencies and banks, this is just utopia but they can represent some alternative and healthy competition to banks and traditional economy system. Also banks can use cryptocurrencies for their own profit and even offer to their clients services related to cryptocurrencies and this can function good.

The mechanism of changing FIAT currencies to CRYPTOCURRENCIES indicates  reduction of the amount of money owned in fiat to cryptocurrencies.  If people continue to invest in cryptocurrency that means asset base is shifting from fiat (bank - money kept with 3rd party) to cryptocurrencies (personal bank). Governments generally work with Banks (fiats). If governments work out modalities to benefit from cryptocurrencies, then cryptocurrency will thrive,  otherwise it may face challenges. Banks will co-exist with cryptocurrency so long the weight of government is on fiat currency. However, In the FAR future I see cryptocurrency taking over.

We are already seeing it now actually on where crypto and banks exist together but collaborating would really be impossible.They do really have their own rules and ways on how they should work into some various of things this is why banks gets alarmed when they do saw a certain feature on where crypto would really able to surpass them and this is why banks do hate it.

       Even cryptocurrency stand on it's own,banks are still significant. Banks are the strong financial institution of government that gives opportunity to people how to manage their money and banks also are the financial supporter on the other hand. And now that cryptocurrency exist banks are still signigicant because cryptocurrency are digital currency that you need to change into fiat before you can spend it in all you want. We need banks if we encash fiat money from the profit we gained through bitcoin. It means banks and cryptocurrency are significant and can exist together

For cryptocurrencies to usurp the banking system it's is going to time for it to come to reality, gradually cryptos are well being adopted globally as more people move into cryptos the better, personally I kept my bitcoin in my wallet rather than exchanging it to fiat and save in a bank.

Banks will remain banks, and cryptocurrency will move further and make its own market globally. We all know that we cannot defeat banking system because those are controlled by the tycoon and we still need it for some transactions but I believe cryptocurrency will play a big role on our financial system in the future.

Banks will stay in the picture for a very long time and even if they do not, some of us may not be alive to see it, since we would have gotten old and gone, probably we will be watching it somewhere in 3D from wherever we are in the spirit when that time comes. Banks so far, will still remain as cryptocurrency is just going to be among the community, some will still prefer their long traditional method of transaction.

And you know that Bitcoin won’t be able to stand on its own. Fiat is controlling everything and you can’t change that. There are lots of things in the world’s market including stocks/assets, commodities and a lot of them, but all are being controlled by fiat, including Bitcoin. Fiat is being controlled by banks which puts banks mostly in control, you see, banks are always at the lead and you can’t change that. Bitcoin will continue to be an asset.

Regardless of how strong the crypto currency is and will "get on its feet," banks will always exist in any state. The banking system will never burst. Banks are an indispensable attribute of any state. The budget of any country is accepted and implemented through banks. The Crypto-currency with its high volatility can not replace the existing monetary system of banks. If the crypto currency and the banking system conflict with each other, it is likely that the state in this conflict will take the side of the banks and will go on limiting the crypto currency.

We are already seeing now regarding into those conflicts where it would be always where banks would stood still no matter those conflicts would really result into such prohibition on cryptoccurencies instead because government would always protect to those things which they can able to regulate where banks is included into this matter.This why i dont see a reason for banks to be burst out even bitcoin and other coins in the market will fly to the peak there would be still a significant area on where these things are should be placed on.

Banks are "too big to fail." Big banks will always get bailed out by central banks.

Okay, but from your own point of view, do you think that cryptocurrencies can be able to stand on their own? Cryptocurrencies can never be able to stand on their own. Fiat is always in control of everything, cause they have already been choosing for centuries now, and changing that will be a really big problem, and is in fact quite impossible. Fiat is being controlled by banks, and that puts banks in the position of being in control of everything.

Yes that’s true, because they have been around for a long time, probably for centuries and they have grown into something big which is unstoppable. You don’t expect Bitcoin and other cryptocurrencies to come from no where and just take over everything. It’s just like how Bitcoin is in control of the  Blockchain.

I do not see crypto currency standing on its own totally because at some point , we still need fiat to physically do certain things. Banks won't go away, if we look at the history of paper money, it is the need for monetary independence that brought paper money that killed trade by barter.

Why the fuck we need the regulator to manage our money! They are just shit according to me. I only use my bank for converting my bitcoins into fiat cash. If you keep your fund on banks they internally utilize that fund on share market and elsewhere.
I do not like that shit to happen at all. If bitcoins comes to market then no one can rule the crypto world mate.

Why so bitter with banks? I presumed you do still make use its service.We do know people do entrust their savings or money with those institutions yet these are the traditional things where people do make use.They do confidently leave out their money because of the security unlike on just storing it up on their own houses. Which one would you prefer? Banks would stay no matter what since everything on this world is regulated.

Yes crypto currencies has still don’t have any support to stand in a single head to live a better performance like banks this will a unsupported bad thing for crypto currencies and this is the reason for not trusting crypto currency but soon crypto currencies have link or join with banks and Live better performance.

Since you need money to invest on crypto you need bank, but if you already have cryptos sometime you need to cash it out to buy things crypto can't reach so still we do need banks, but if their will be a thousand of outlet of supermarkets then I think we are half on being independent...

"Stable price" it's not stable if it's just going down every year.
Maybe you have the same amount of dollars you had before but your buying power decreases and this is what is actually matter.
The banks saves your money and at the same time it lends 10x more to other people, it has the visa to do whatever it wants with your money and you can't actually do anything about that.
The only thing banks are good for is to save innocent people from themselves

Stability you guys will not be able find that any time on any crypto currency bro. As I see the bitcoin price is started bumping in the market if you want make the money out it. Please utilize the time and invest the fund as much you can mate.
Banks are the worst place and our money is being to used by the international corporates. This is happening through out this world.
If you are good understanding the difference of bitcoin and fiat cash means he will be able to make profit out it.

Stable price is when the prices are stuck at the same value for a longer time . And yes the value can still change but that doesnt mean its not stable anymore. Even fiats and any other local currency do also fluctuate but not verry oftenly , that is why they can also be called stable.


So you are trying to say that volatility is a bad thing and should be our primary concern? of course it isnt. Volatilty is verry normal on the cryptocurrency scene and besides , the value isnt going to be high or expensive at all times but most of the times the value is low and that means you can always buy a coin at your own favour.


Yes , that what banks do. so you are already aware with it , then you shouldnt put your money on the bank.  Banks are freakin bad option to store money. much better if you can just save your money on your own hand, so that you can assure that your money is safe.

With just your own pure common sense you will able to differentiate between local fiat and bitcoin/crypto when it comes to their feature and in regards with legality. We know bitcoin/crypto is decentralized and they do have their own path when we do talk about development.It can be adopted but would really just remain into its area on where it cant really bypass banks existence or would completely vanish banking sector. I might either believe blockchain tech will be adopted and soon banking system would be fasted up even more and might be the cause of such unemployment of those personnels who works into this industry.

Banking will always be significant no matter what happened, crypto won't be able to replace the bank position, bank is not only the place to save money, but it's also the place to control inflation, and the government wont allowed the country's economics can be controlled by a bunch of whales, if the crypto already giving too much influence the government will take action to regulate or banned crypto

Banks are what we call one of the pillars of a country. So if we removed them, that country will be crippled so it doesn't makes sense at all to opposed or even think that they can be replace by crypto as a whole.

I don't know how the crypto could stand on its own though, did the OP mean self-regulation? or some authority overlooking everything? Crypto is decentralized so I don't think it will stand on its own, in my opinion. Plus the price keeps fluctuating and chancing by the minute how can it stand when there's so much outside factors that really affects it?

Yeah, banks will slowly die just like how the industry of toy stores ended up. Toys R us has closed majority of their branches because kids now like playing with their tablets or handheld devices.

Stories yes plain stories !! Banks cannot die.
I am not a fan of banks and I will never be but if we are to face reality, there is no way we are going to see banks going anyway.

Firstly, we have shown that there is no way cryptocurrency can actually stand on her own without regulations with all the scam coins, scammers, naive investors and so on, which has given the government even an upper hand to take control of some regulative aspect of cryptocurrency.

Banks will always be in action doing their thing and cryptocurrency enthusiasts will be in the other doing their thing.

If we keep that in mind, we don't even need banks to go down. If we actually want to force through necessary changes, then we should act on our own and ignore what banks are doing. It's not that anything will change when banks are going down, because one way or another, something else will emerge taking over their role, and it's very likely going to be the government itself, so we might be getting back something way worse than the banks we dislike right now. In other words, we should be careful with what we hope for. Bitcoin is an available option already, so let's use it instead of focusing on the downfall of financial institutions, I think that's a far more effective approach and the best possible step in the right direction.

In general, nothing will ever happen in all countries at the same time and in the same way! This was rule number one. Despite of this, crypto currencies already can stand on their own and the only problem is that the governments and banks make laws and propaganda in an attempt trying to keep it down, so that we still need to use their fiat money as well and separately.

Crypto was not designed to, nor intended to stand on it's own. Cryptocurrency was designed to be a decentralized alternative financial system, utilizing and showcasing the technology of the blockchain.
  Bitcoin was purposely limited to 21,000,000 in order to give it artificial rarity, so it could develop a real and tangible value. By having value, you can then trade it against other forms of value, like goods, services and fiat.

In my opinion it is not going to happen like that, banks are simply too powerful, bitcoin is not going to grow big enough to replace them while they are so strong so in my opinion we are first going to see a huge economic crisis that is going to make people doubt about the current economic system then the system is going to crash and finally bitcoin will begin to take over, banks will protest but they will not have anymore the strengths to stop it.

Banks are not going to collapse. People are still used to putting money in the bank because they trust the bank.

But Banks are not satisfied with the cryptocurrency, which means that Banks know that the future of cryptocurrency will cause trouble for them.

Banks and cryptocurrencies will remain together for a very long time but bank will be at the affected end most of the time because new people coming to invest in cryptocurrencies will have to get their monies out of the bank in order to invest them into cryptocurrencies.

Banks and cryptocurrencies will probably co-exist ultimately. I don't see one replacing the other.

It can't be happen to cryptocurrency even now the cryptocurrencies are can stand on their own. They have so many markets right many exchangers what we call. Banking will be still significant because from the first place it is the storage that people uses.

It does not make any sense at all and far beyond reasoning to think that cryptocurrency will even be replacing banks.
Also, it is already obvious that cryptocurrency will not be standing on its own while looking at the angle the government are going with regulation.

Banks are already established from generation to generation and no government will be giving that up for anything, and at the same time, cryptocurrency may get established more like we have always had the stock market but in a different form with the government still in control, one way or the other.

That is the most realistic thing that would happen after a few years in my opinion. Banks will revolutionized and they will give much more importance in cryptocurrencies rather than fiat.

No doubt banking has vital role in our lives and bitcoin will take a long time to have their own. Till that time people will use banks and avail the facility banks provide to them. One thing more is also important that bitcoin is still not the currency of the world and many people still hesitate to invest in it. Definitely they will use banks for their money related matters. So the banks are still significant and will remain significant in the near future.

yep, I completely agree with you. We all know that although cryptocurrency is much more popular right now, it still has many people who don’t know what bitcoin, altcoin are. Besides banks always guarantee our money than cryptocurrency. We can’t be sure whether our money is still stable because as you know cryptocurrency is notoriously volatile and you easily lose your money in crypto market. Most importantly, now bitcoin is not supported too much which makes me till believe that banks are still significantly essential.

Thats correct. Banks and crypto are two different financial systems and will continue to co-exists in coming years. Banks do business in fiat currency which is backed by central governments and majority of governments are showing zero tolerance towards crypto (the reason is obvious). I don't think crypto will ever replace banks.

These crypto currencies are one of the serious threat to the banking system and that all the banks are very much worried because if these crypto currencies keep on flourishing in the similar way, then banks will get disappear because of the reason that people will then g for investing their money into the crypto currencies and they will not go for banks to keep their money safe.

the bank will not be replaced by anything because the bank is a good financial institution management and recognized the country
but crypto also did not rule out the possibility will work together against the bank

The only advantage which the banking system has over the crypto currencies is the support of the government and that is the only thing which is not letting the crypto currencies to take lead over the banking system and the regular currencies for now.

However, there are likely chances to see a positive change in the future and things turning out in favor of the crypto currencies and that will be a serious threat to the banking system.

They have and will always be and even as angry as we are when it comes to seeing banks being gotten rid of by cryptocurrency, it is something we will never see happen.

Cryptocurrency, decentralization is here to stay and at the same time, banks are never going to be ready to go anywhere and I do not even see cryptocurrency standing on their own with the way things are, so I guess it is a coexistence we will just have to live with at least in our own generation.

Banks have been so big and established all over the world that we would expect cryptocurrencies all of a sudden to sweep them off their positions. These two will keep on and will always go hand in hand which I believe mostly that cryptocurrency will end up being more like the stock market with the way government is going about the form of regulation and with this, we will always get to see banks still doing their thing without any issue.

Well, I think banks will help bitcoin to stand on its own. Time will come when banks have given up destroying bitcoin and they realize that they should join instead. It's really the banks that are just preventing crypto from taking full control of everything so I hope that they wake up.

But the number of banks will decrease if the adoption rate increases and slowly the crypto may take over the banking system but cannot be replaced completely because banks crypto currencies can't be used in all the corners of the world so we need fiat money also.But if both stays then it can be good for the future of money system but the important thing is that people need to stop using crypto for only money making.

Digital currency and physical money is running on different track, but sometimes they have an crossing intersections that happen due to the demand of the digital currency or vice versa. The most awaited moment if the majority of community begin to trust and understand fully the blockchain platform then the banks started to face big problem on that.

even though crypto banks will stand on their own someday but i think there is no options to government attempts to makes banks collapse because until whenever government will still support banks because they can get a lot of benefit from banks but probably if this is happened then the banks will do particular inovations following to development era

This type of FUD will not happen. Yes the original movement of crypto was founded w/some ppl that held the ideas that banks would all fall. Unfortunately, it won't happen like that, right now they are amongst the most powerful people in the world with the most resources you think they will allow anything to change that? No, they are going to implement regulation and use cases into daily life and make it "safe" for society to enter crypto bc they approve and use it. This is a more accurate description of how it's going to happen instead of them all collapsing simultaneously and know they will fight tooth and nail to win in this market again, it's a competition.

Crypto currency can not cause banks to collapse. This is a myth. Crypto currency is nothing bad and significant to cause banks simply is not capable, it can only reduce profits to bankers. Banks have existed for a long time and will exist as long as there is a state. The state is in great need of the banking system and will always support it.

The only reason because of which the banking system is having a priority over the crypto currencies is the support of the government and that this is the only thing which is not letting the crypto currencies to surpass the banking system and rest of the regular currencies. however, we can really hope for the positive attitude of the government towards the crypto currencies in near future.

Maybe the bank will be no exists in the future, we don't really need a bank if the fiat currency is no use, obviously there will be world financial panic, but I think that's just for a moment.
Or maybe the bank will cooperate with crypto currency and you know, some of them are already adopting blockchain technology.

If the bank don't exist anymore, it then means human beings would have metamorphosed into another rhyme of world and existence. The human life as it were now, is holding so much to conventions. This is part of the things to look on.

Panic? May happen but only temporarily because the banks will not be silent and they will decide to adapt blockchain technology for fiat transaction systems. In the end the blockchain will win this battle when the economy suffers so that blockchain and bitcoij are present to solve the problem.

Banks will continue to be operational irrespective of the rate of adoption of cryptocurrencies. There are so many people who can never use cryptocurrencies for various reasons ranging from illiteracy to resistance to social change. The banks need to be operational to provide services to these people.

There is a contrary matter working between them, and it depends on the role of medias greatly! Negativity spreading results in negative outcome only

Thats right. Not all of the people can possibly use cryptos therfor fiats money will still be there and wont be dominated by these cryptocurrencies . that is also the reason why banks will still be existed because without banks the fiat money or local currencies wont be generated and be distributed to the people.

Even though cryptos can stand on their own , banks can still be alive , because local money is still the one that we are going to use in order to purchase a crypto currency.  Money and banks is still the root of all , that is why it is verry important for us.

Whatever you do, just use both of them in a balance, i assure you that you would never get betrayed if you have that talent of manipulation.

And the banks will thus be significant till eternity and the end of the universe, because people still love fiats

And government will keep on supporting fiat money and banks so they can still corrupt the money.
Cryptocurrency will stand on their own in the future but banks will stay and make a healthy competition between those who do business in crypto and with the banking company.

Conversations that the crypto currency can destroy the banking system is a myth. Crypto currency is even incapable of influencing the banking system. Bankers are afraid of crypto currency just because it takes away some of their clients and therefore they lose some of their profits. The banking system itself is not afraid of crypto currency. The banking system in the future will fully work with the crypto currency after the states recognize their legitimacy.

I would dare to say that banking system would last a very long time and will survive despite the cryptocurrencies. Actualy cryptocurrencies can't change the fact that banks are still the leading force in the finances and they will remain so. They are supported by governments because they depend on them and they are financing them.
Cryptocurrencies will never become a mainstream. They will grow and evolve x they will even become inevitable but they will never replace fiat money and banks. This is the truth we have to face.

Not very long time but i do rather believe it would last forever as long there are elites and for those who are on top power will always do have the right to implement things and banking system wont really be considered to be wiped out because of crypto? Its impossible! For now we should embrace on what crypto do brings into our lives when it comes to payment system but considering on what op is presuming then its really unrealistic for it to be considered.

I believe banking system will always be significant wether cryptocurrency could stand on its own or not, because banks are alreasy institution and proven reliable way to handle our important transactions. Therefore i can say banking will always be significant and will always be patronized.

Bank in particular and finance in general are not easily to collapse. In the world, many countries are being rules by huge families relating to finance. I think crypto is a part of their plan but banking will stand longer than ever you can think.  :D

The two between the Bank and the cryptocurrency will continue side by side, because cryptocurrency also requires exchange with FIAT.

Fiat is always available at conventional banks and that is the absolute thing from the first stand of the Bank.

The banks will not go down like people are thinking. there are still conservative people that will patronize them. A wise bank will integrate the decentralized blockchain technology into its system for optimal growth. I foresee that coming in the nearest future.

Yes, and maybe banks will still have crypto banks in the future, so banking business will still pursue. All they have to do is absorb what is in and what is new as more innovative and advance money through blockchain.

what you assume will never happen. The cryptocurrency will never beat fiat currencies for as long as the country is not involved and adopts cryptocurrency as an authorized currency.

I don’t think banks will collapse either. Nothing drastic will be happening, in my opinion. I think adoption of a virtual currency will take time. Have you encountered a corporate re-structuring at work? I think it will be similar to that. Proper preparation and training will be done to ensure a smooth transition. Same goes for cryptocurrency adoption.

The development of electronic money can not lead to the collapse of the banking system in the future. Banks will always exist, as they are a prerequisite for the existence of any state.

I believe the banking industry would still survive even with more people using crypto-currencies in the future, as citizens around the world would still need to deposit some of their fiat money into the bank, and the banks would also be able to continue their daily business as long as there is people depositing fiat money to them, this should ensure their business operations to continue smoothly even with the rise of crypto-currencies in the future.

Electronic money can not actually change the fact that banks are still the leading force in finance and they will remain so. Electronic money will never become mainstream. I believe that the banking system will always be a significant electronic currency that can stand on its own, because banks are lucrative and have proven to be reliable to handle transactions. Our key. So I can say that the bank will always be meaningful and will always be sponsored.

I think banks will find their place in the new economy, which we carry cryptocurrency, you'll see:)

If in the distant future, the world turn totally digital and nothing can be done physically anymore, then maybe. The question is, will the world become totally digital? Will everything become virtual? Maybe. No one can tell.