Bitcoin Forum

I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks

Nope, it´s just a disaster.

I never thought of bitcoin like that. I use it as an investment. Definitely, if the market is stable, i convert to bitcoin and send to a wallet that instantly turns to usd and fastly.

if disaster is also not bro. because bitcoin is a good business and investment place not created to destroy a company or other things. but I'm sure bitcoin and the Bank can go hand in hand together bro ..

Not actually a disaster... But surely, bitcoin is a big threat for local banks, that's why they are against cryptocurrencies. Bitcoin's existence will surely affect local bank's financial circulation. And this will surely hit them hard.

Banks hate bitcoin and also don't want it to run because they know it very well that it popularity rate is increasing rapidly and it can be a great threat for banking business.

SO you're saying that Bitcoin is a disaster? If so, why are you here?


Most banks or bankers don't care about bitcoin. They don't see it as a threat at all.

And the reality is that bitcoin isn't a disaster for banks. Banks offer something different than Bitcoin. Banks offer financing, lending. That's their primary role. That's where their value is...because they don't offer value from investments or interest earned on savings.

no no, bitcoin is an investment asset.
don't see bitcoin as money, but look at bitcoin as digital gold and a very promising investment asset.

It comes down to market share. Banks had no real competition for many years and then Bitcoin came on the scene to be the alternative/competition for these Banks. In many countries people were limited by the availability of Banking services. <Example : If Bank X was the only Bank in town, then everyone used that Bank, because they had no choice.>

Suddenly the new kid on the block, gave people a alternative method to store value and to handle payments and they are slowly but surely taking a share of the total dominance that Banks had. This is why Banks hate Bitcoin.  ::)

Most banks or bankers don't care about bitcoin. They don't see it as a threat at all. because they do not offer the value of the investment or interest earned from savings. Bitcoin is an investment asset. don't see bitcoin as money, but look at bitcoin as digital gold and a very promising investment asset.

bitcoin doesn't have to be a disaster for banks at all because first of all banks are working with fiat and fiat doesn't go anywhere. it will stay around forever and bitcoin is not here to replace it either. and if you really think about it, banks are just service providers for currencies. and bitcoin is just a new currency. there is nothing stopping banks from adopting bitcoin and offer the same fiat services they offer now for bitcoin and increase their revenue.


a very good question ...

I can say that this is possible but not unavoidable, so my country banks are totally ignoring the fact of cryptocurrency existing and they think that it would pop as a bubble, sooner or later.

I am not sure if banks are afraid of bitcoins. If at all, they are not threatened by it because people are used to the current currency they are using, plus, not everyone in the world knows about digital currencies yet. Perhaps when crypto gets even more popular then banks will feel threatened by it but it may not be possible for now.

When holding Bitcoin you don't let the goverment to steal money from you by inflation caused by money printing. It's also a big problem for local banks because they don't get any money for transfers. Question is will they or even can they do something about it.

Many banks are researching using XRP to transfer money, which proves that the bank is looking to investigate and disclose other Bitcoin as well as Blockchain technology, there will be no threat here.

bankers don't care about bitcoin. They don't see it as a threat at all. because they do not offer the investment value or interest earned from savings. Bitcoin is an investment asset. don't see bitcoin as money, but look at bitcoin as digital gold and investment assets.

Is it so? I have hardly come across local bankers that think so. Of course they are discussing and monitoring it. Many of them just sort of disregard it with the conviction that it will fizzle out like a bubble. I am of the opinion that they are completely wrong. In spite of this, it is highly unlikely that Bitcoin is a threat to the flat currency. And it really doesn't need to threaten local banks. Bitcoin market right now does not possess that much influence.

Not just the local bank also the international bank they all afraid of bitcoin and crypto.  It because of the high demand iand high interestn bitcoin when you hold your saving into it. Bank only low interest and low demand

Yes, it can be a disaster while bitcoin can't replace banks fully. There's a lot of things banks can do while bitcoin can't and vice-versa. Short-term, people will see bitcoin as an excellent investment tool while banks are slowly losing deposits from people, keeping their (banks) profits at the minimum. However, knowing how a government largely depends on banks to help them stimukate the economy, it is a no-brainer that despite bitcoin's valiant effort to overthrow an obsolete system, people will still use it. A short disaster for banks but over time, when banks and bitcoin, along with other crypto co-exist, the interest division would not hurt the banks at all.

Dont You think, a person can be interested in some topic, regardless his own view on it is positive or negative?

Yes bitcoin is a disaster for local banks. Bitcoin till date has beome the biggest investment asset. It can help people in many ways which local banks cant do. Bitcoin can make the money double and can let people earn the maximum profits. People investing in banks are under the control of other person or department but this is not so in case of bitcoin. Person investing in it is his own head.Bitcoin has the fast processing than the local bank. So due to all these reasons bitcoin is disaster for local banks.

It’s like watching a train wreck. Once it’s starts  it’s impossible to look away.  Banks are running this show now.  It’s a beautiful thing for them now that they have a good share of coin.  Delay an etf or two.  It’s all a game for them to now.  After all it’s the deregulation that everyone here so cherishes.  Till it’s you on the receiving end of the dump.  Good luck in your investments.  In time you will have the outlook most do after being in crypto a few years.  Just give it time to harden your spirit!

BR

The banks are in the verge of losing battle with cryptocurrencies. It's either they adapt or find a new way to gain more users. The bitcoin world is really expanding in the market and competes on the top of the economy. It is not surprising that one day bitcoin will replace the banking systems completely. By that time, I hope my investments are enough for me to profit.

If the banks will work with the crypto currency, they will incur more losses than they will get profit. The banking system is very stable and it is not so easy to destroy.

the fact is true, this bitcoin phenomenon can disrupt economic stability and the national financial system, especially if there is a bubble explosion because there is an interaction between virtual currencies and the real economy. In addition, there are also regulatory arbitrage risks because transactions can be carried out from other countries with more accommodative provisions.
Therefore, regulations from the central bank or financial authorities are needed that regulate the digital asset ecosystem, this rule will benefit the government, because they can monitor and obtain digital money transaction data. Data can also be used to anticipate money laundering or other financial crimes.

No, it is not totally true because banking system comes from thousand years ago and bitcoin is a new thing yes, it can be happen that banks get less profit.

Bitcoin is not a disaster at all. What we have to know is that these local banks don't operate in isolation. They take orders from the central bank. If not for this, so many of them would have started dealing in cryptocurrency. Because of this limitation, bitcoin has now become more of a threat to the banks.

On the other hand, many swiss banks are trying to get their hands on cryptocurrency. Even the ID verification service providers are same for banks and ICOs. We have an example of shuftipro.com (http://shuftipro.com) as well. so it is just about time, soon everything will be fine.

It is true. In a way that it might replace the banks. Look at the taxi, it is being replaced by grab and uber drivers. And look at the post-mails, it was being taken care of gmail or any mail in the web right now. Web works are so powerful that can overthrow great things that is doing great as of now.

Yes, as you said bitcoin offer something different than banks and I agree with that but I think they have similarities when it comes to storing money. Base on the article that I read before that Banks recognized bitcoin as a competitor. What would be the advantage if you store your money in this field? ofcourse because of the opportunity within this field.

No it,s not true bitcoin is not a disaster for at all.that these local banks don't manage in heliosis.bitcoin is an investment asset.one day bitcoin will replace the banking method perfectly and it can be arrive that banks get small avail.

No that is not true.In fact it will be an asset of not only local banks but also international banks.

Yes, Bitcoin takes part of their profits from Banks, but I believe that the Banks will find a way to earn even on Bitcoin, for example, converting Bitcoin to other currencies and output to Fiat. But in general, Bitcoin is able to replace the banking sector in the field of international money transfers.

I think thats a big No because banks may also use bitcoin for them to have an extra source of income. Banks can divert or add up crypto currencies as a product they can offer to their clients to get an extra income.

According to my own research about to banks who are affected to the raising of cryptocurrencies.
Well it is true. There is a big impact to their businessess.
Because we all know that bitcoin can still operate without the help of any bank society we can withdraw our money thru local remittances. So we don't need banks.

I guess it is, for them. I mean I think they are really afraid of bitcoin taking over and dump fiat money because they can't profit from bitcoin actually they can but it's a lot lesser profit than fiat money and risky knowing that bitcoin's price isn't stable. Besides we don't need bank to stock our bitcoin we use blockchain wallet instead. And they are really afraid of that  because bitcoin is used by mostly of the people now and they only have less chance to earn plenty.

Yeah those local banks are really afraid and frightened in bitcoin or cryptocurrency because, it is really a thread to them. Because they are predicting that for the next few years, the number of people who are entering money to them will decrease little by little because those people will trust more on crypto instead to them.

Banks will always be afraid of bitcoins, this is a direct threat to their stability.

The banks and the owners are really afraid of bitcoin because of the speed of adoption by their various customers. Bitcoin is like removing food from their mouth which is not to good the banks and their owners. The banks will through the government will continue to pressure on bitcoin through needless regulations.

In fact it can happen, because nowadays many people prefer to do transactions using bitcoin or cryptocurrency, indeed for the next few years there will be more people who will know bitcoin, and local banks can be said to be worried and can feel threatened about the existence of bitcoin, and What will be done later with the bank?

In my own opinion a Bitcoin is not a disaster, it's a treat for all banks. Coz we are living in a world of technology,

Bitcoin comes as a new breakthrough in digital transaction devices or Bitcoin as digital currencies. And this is not a disaster for local banks. there are still many people who need Fiat as a transaction tool, and of course those who use Fiat are still in contact with the Bank. Bitcoin will not kill local banks.

I think is not disaster for local banks,there is nothing stopping banks from adopting bitcoin and offer the same fiat services they offer now for bitcoin and increase their revenue,banks are just service providers for currencies. and bitcoin is just a new currency.

Haha they should be afraid of the revolution of blockchain

I agree bitcoin is digital gold, creating new opportunities for anonymous and decentralized storage of its assets. For banks this has to be considered

I agree that banks are afraid because bitcoin can replace them and they may lost many investors because many investors are now investing in bitcoin. Bitcoin can also replace the currency. That's how powerful bitcoin is.

I agree that it’s NOT a disaster. I presume banks are threatened and are kept on their toes. We all know that the banks follow a centralized chain and so technically, they can’t be in favor of digital currencies. Give it time. I think banks at some point, will see the relevance of bitcoin and the beauty of its underlying technology.

Banks have been enjoying their dominance for centuries just before the invention of bitcoin.They were able to easily loot public in the name of transaction fee and people had no choice other than those banks.

Bankers are people who chase only money. If banks start working with crypto-currencies, then bankers will receive less profit. I think that they are not afraid of anyone, because they have great power.

That's why banks and governments hate Bitcoin, even banning it. Bitcoin is a new currency with advantages over traditional currencies, but the advantages of fast, cross-country and anonymous transactions affect banks and governments.

The banking industry should have changed a long time ago. The industry has become a tool of the government. I think banks should devote more energy to serving customers.

Yeah right, a lot of people are trusted crypto more than banks because it is more reliable and easy to make some transactions. When that time will happen, maybe the banks will find something malicious in crypto so that crypto will have trust issue to the people and those people will come back to them.

Bitcoin is not a threat to banks. I'm sure that they can work with crypto currency. But as a result of this work, bankers will receive much less income and there will be fewer options for deceiving people.

Not exactly troublesome for most banks; bitcoin replacing them is not remotely possible now as it is not yet capable of instant payment. Which is why banks could rest easy with that fact and thus sustain enough users of their services.

Yes, that is very much true! Bitcoin is a big threat to banks and other financial institutions nowadays, as many people are embracing the rise of interest in it. Since popular fuss in virtual currencies has taken off already, many were awaken by the fact that transaction using it is much cheaper, faster and secured. As a result, many of their clients resorted to do their businesses adopting it. This zoom-in on the cryptoworld of businessmen largely and negatively affects banks' earnings. With the continuous mass adoption of bitcoin, banks will soon lose control over currency. Thus and thus, we see a lot of financial institutions today, together with the government, rallying against bitcoin.

if bitcoin is said to be a disaster for a local bank, I never believe it, bro. precisely bitcoin and local banks can go hand in hand with bro.

Bitcoin can become bad news for banks is widely accepted and if it goes global. Imagine having to handle all of your transactions without issues and faster than any banks can offer you. Now let's look at remittance. Western Union and the rest charges much and they also have delays. Bitcoin have none of these and thanks to lighting network it's transaction fees have reduced. This s why the banks have always been skeptical about bitcoin. True it is volatile but aside that let's look at the good sides. If given a chance it will disrupt the banking industry.

I don't think so, even though bitcoin was created as a cryptocurrency, but bitcoin is more used as an investment than used as a currency.

One of the major impacts that will be faced by banks when Blockchain is fully adapted by many banks, is disruption in a number of jobs, especially in the back office.

"The Bank is aware that Blockchain is challenging their traditional business model," said Senior Associate at Norton Rose Fullbright Johanessburg, Nerushka Bowan.

According to him, the bank's function in terms of fund exchange brokers is no longer needed when Blockchain appears and develops. That is why it is important to pay attention to regulators around the world, which according to Bowan are still fumbling on Blockchain technology because they don't really understand.

bitcoin doesn't have to be a disaster for the bank at all because the bank first works with fiat and fiat doesn't go anywhere. it will remain forever and bitcoin isn't here to replace it too.

Depends on the local regulations mostly. But if a bank is smart it should be able to turn it in to another way to make money offering financial services for Bitcoin. There's demand for it I think, since people have issues securing it themselves.

I don't think that it is a disaster to a local banks they are just thinking that bitcoin is their big rival, they don't even thinking first how they are going to make bitcoin or other crypto added to their business, but they think that crypto was a big scam, they are not yet changing the fact that we are now in a new era.

bitcoin can impact banks profit if it is allowed to thrive, but banks can also benefit from the blockchain if properly used

Of course this is the purest truth. In banks, the sense is lost as in an intermediary, they will no longer be necessary. I even venture to say that bitcoin is a threat not only for banks but for the entire financial system of the world ... so that the dollar may disappear in the foreseeable future. So we live in a very interesting time ...

I don't think so. Bitcoin is great asset for countries with economic crisis, but developed and developing countries won't use it as main payment method! While BTC is slow and has high fees for transactions, it can reach global market.

I wouldn't say that it is a disaster but it is a big threat to the banks if they will not do something before their worry comes into reality.

It can get their customers and people who aren't interested of decentralization might be interested if they will start becoming curious on how its working with bitcoin.

Bitcoin won't replace the banks but it can be one of their biggest competitor in financial industry.

as far as there is no main reason why banks do anti-bitcoin. although some crypto lovers say banks are not able to compete fairly with bitcoin.

most times i wonder why banks should be afraid of bitcoin or crypto generally, crypto works hand in hand with the banks, to exchange bitcoin to local currency, one needs the bank, it can not be done with the banks, then i now wonder why they are being scared of bitcoin and it likes  :'(

yes, you are right, when all the people of the country start using bitcoin or altcoin in transactions, the bank will lose its role, the reason is clear because bitcoin does not need the role of the bank.

For those banks that they didn't know how yo adopt bitcoin yes it is a disaster because we know banks was continues grow and everyone was know about or what to do of bitcoin but here in my country it is not disaster because some of the banks adopt and little by little embracing the world of bitcoin. If you know how to embrace new technology it never be a disaster to your business.

For me yes, because bitcoin can also do what banks can, you can invest in bitcoin, you can save money in it and also you can earn in bitcoin. In banks before you can invest in it you need to pass some papers and you need to attend some appointments and also you need to have a lot of money and lastly bitcoin can multiple the money you earn in banks.

At the moment bitcoin does not seem like it has enough steam to say it's gonna compete with anything. Of course if the volatility was not an issue, and was more like gold (which also its a bit volatile), you could say that. BTC looks much more like a digital asset or investment rather, because you invest in something you think it's gonna have much more value in the future.

I think bitcoin dont give big effect to local banks. Bitcoin used for transaction thru internet. Maybe give a effect but i dont think it give big impact because local banks mostly just for loan and saving

Banks, as a state structure, see in the cryptomir as a threat to themselves. Bitcoin is a powerful competitor for the banking sector. The state can not control bitcoins and therefore the state is against bitcoin.

Bitcoin is not a disaster for banks, because Bitcoin is used with a different function than a bank. Banks use to finance, lend, do some national work, it is easier to use than Bitcoin. Bitcoin will need a lot of new elements to replace the bank.

         I don't believe that Bitcoin is a disaster for local banks . Actually the banks are the driving force for the public towards Bitcoin, the main cause is the distrustful faced by the public in fiat currency and also the financial crisis and Bitcoin will not  bring any disaster to the banks . To me the inflation in fiat currency is caused by the banks they make money out of debts they are covered by deposited money so I say that banks are those who create disaster not Bitcoin.

Still it is not true as far i know because in most of the countries it is still ban so, bitcoin is unable to fall ant impact to the local banks but may be in future it may prove to be so.

Yes that is why they are against in Bitcoin

I do not think so. The function of banks and bitcoins are not the same either. But, what's the same is the circulation of money. You invest in banks as well as in Bitcoin, you earn money in banks as well as in bitcoin but it doesn't guarantee that bitcoin causes disaster to banks. I think, when you are going to look at it in a different angle, much people now invests in bitcoin than in banks. Apart from the fact that it is decentralized in bitcoins, more people nowadays prefer to handle their own money. In the contrary, people who wants to have their own business actually goes through bank to bank when you talk about the financial legalities. Therefore, it really depends on the people.

Cryptocurrency may be a disaster to the banking industry to an extent but not entirely. This is because a good percentage of investments going into cryptocurrency are from the bank accounts of the investors. It would have been easy for banks to recover part of this if they are freely able to engage in cryptocurrency.

Crypto currency is a direct competitor of banks, but banks should not be afraid of it. Crypto currency can only take away from bankers some customers and they will lose some of their profits. However, in general, there is no threat to the banking system of the crypto currency. The banking system does not affect the banking system and will exist in parallel with it. If the crypto currency somehow tries to do this, then the state will immediately become the bank's defense, since banks are actually part of the state.

Bitcoin is here to complement the bank and even help them make more money. They will not completely go out of business, they will still stay relevance. What they need do is to set aside fund for blockchain development and plan to integrate it to their system.

I think bitcoin is a disaster for the government. And for any Bank bitcoin is just a tool. The government does not yet know how and what to do with bitcoin to receive taxes from it and from us. These greedy monsters pursue only one goal, to take away the last from people. I hope bitcoin will remain beyond the control of any government. It will be the same independent and convertible.

Шn the kinky dreams of anarchists it can be true, but in fact, banks have nothing to fear, because bitcoin is estimated in dollars and without their security it does not represent value, banks release and control the dollar, so they have nothing to fear they keep everything under control.

Bitcoin can be bad news for banks widely accepted and if that happens globally. Imagine having to deal with all your transactions without problems and faster than any bank can offer. This is why banks are always skeptical about bitcoin. That's right, it's volatile, but besides that, let's look at the good side. If given the opportunity it will disrupt the banking industry.

I beg to disagree but this is a big no for me because I see it in a different way. Well what I'm saying is that bitcoin is a huge help for the community. Local banks should not be worried about the existence of bitcoin instead they must support it. If they really want to make a better living then they should accept the fact that bitcoin is beneficial.

For my own opinion, Bitcoin seems like a disaster to several local banks. Why? Because people tend to put their money or investments only in banks in the past years, but now, the people have another option which is to store their money and investments in the Bitcoin or crypto currency community, most especially now that the popularity and name of Bitcoin is keep on a progressive positive status.

i don't think that the bitcoin is a disaster for the local banks. maybe for the others who treat the bitcoin as an enemy.but in my country,they support the bitcoin and as exchange, they regulate it. but for the benefits, they gain each other because banks puts some tax in exchanging an coins and they earned,while in other side the bitcoin will flow in my country freely

It could be, but they can also collaborate with it and help it to improve for them and for all people that will use it in the future. Trying new things and trying to adapt that would certainly end up in a good way.

Banks should not be afraid but rather use new technologies in their activities.These technologies will inevitably come into our lives.They will have to be taken sooner or later

Yes I heard some issue like this, you know why bitcoin is considered a disaster to any banks?? Because of popularity of bitcoin many investors are influenced to invest with bitcoin, and because of that scenario the investors who invest in bank are become lessen that's why bank considered bitcoin as a disaster. :)

This thread is old news and so many discussions about this since i start to join herein forum
Afraid   because bank insecure in bitcoin to replace fiat money as currency
That's a simple explanation why banks afraid for bitcoin and banks call bitcoin as disaster

Bitcoin and other digital currencies are a further complement to existing banking services!
Because the current liquidity of BTC's existing market is low, there is no threat to the bank!
Banks can now study the technology of blockchain and cryptocurrency to better serve humans!

Yes, local banks are afraid that bitcoin are danger for them. Because people are now want to invest in btc because of this high rate price. And they should be afraid.

I don't think bank afraid to bitcoin.  There are so many benefit of bank, for example when you transfer to the other account at the same bank it's free and take no time.

Please stop thinking that bitcoin is a threat to anything. Bankers would incorporate bitcoin in their portfolio of products and services offered. Bitcoin can coexist with just about anything.

No, Bitcoin is not a disaster for local or any bank for the simple reason that it will never replace fiat. Just as credit and debit cards have not replaced cash despite being around since 1958 (sixty years). Maybe in another 60 years we will see crypto accepted to the same extent as debit and credit cards are now.

I do not see any danger for banks. They will start using bitcoins as well and everything stays as it was before. I somehow do not see how normal banks should be endangered.

My apologies bilygarrison, but your topic is quite vague so to say. First, kindly expound why banks are afraid of bitcoin? As we all know that a large portion of the existing banks right now are studying the possibility of bridging their centralized authority with the beneficial offering of blockchain technology.

And what do you mean that excess of bitcoin is much compared to local banks?  Are you talking about the number of coins in circulation? Or you mean to say the value of bitcoin as it exceeds expectations?

Please be more specific so we can discuss better.

what is feared by a local bank may be if all banking transactions are carried out by bitcoin, even though people use it only for investment and then the results are converted into money.

It's only a disaster for the banks if the government will allow bitcoin transactions freely. People who can safely store their own funds in a digital wallet will do that instead of wasting hours at the banks registering, queuing up, paying fees, etc..

I don't think so, even though bitcoin was created as a cryptocurrency, but bitcoin is more used as an investment than used as a currency. True it is volatile but aside that let's look at the good sides. If given a chance it will disrupt the banking industry.

no, if they in their offices put the exchangers crypto currency and will enter on them a percentage

To be frank our local banks are scared over the operation of bitcoin. They may be indecisive over adoption of blockchain or reframing from it. Adoption is the best option for them.

Yes, bitcoin isn't now used for daily buys and sells. But there is a probability of being used for such purposes. This is what concerns governments and banks.

I wouldn't say that Bitcoin is disaster for banks, this term is too strong. But definetely is a competition and banks are well aware of this.
And this is not bad, in fact such competitive situation could bring us a lot improvements in financial world and better and cheaper services and a choice we didn't have before Bitcoin appeared.
Also, to my opinion sooner or later banks will embrace Bitcoin and offer Bitcoin related services to their clients.

I don't think it is so now, but in some distant future this might become true.
Broadly, banks make money by issuing loans and placing deposits from customers as well as providing some settlement services, etc. and they charge commissions on all their operations. The commissions vary by country, but they're significantly higher than the cost of a transaction in BTC. Of course, banks will start losing money they used to have from their customers because in order to stay competitive they will have to lower the commission amount, etc.
So, BTC is not a disaster for the banks now, but it might turn out to be a disaster in the long run, I suppose.

Yes, it can be a disaster while bitcoin cannot replace the bank completely. There are many things that can be done by banks while bitcoin cannot and vice versa. Short term, people will see bitcoin as an extraordinary investment tool while banks slowly lose deposits from people, keeping their (bank) profits to a minimum.

cryptocurrencies are a disaster for the banks as they are decentralising the power away that the current democracies are trusting them with

No, bitcoin is not a disaster for local banks like what other people have been telling. They said that it is a disaster just because they taught that bitcoin is a big competitor in terms of those profit gaining ventures. Bitcoin they said will have the audiences or customers that the local banks should have. I think it is not a disaster because they can actually coexist. Local banks can actually adapt bitcoin as one mode of transaction and or payment so that they also have it. They will have an advantage to those banks that do not have bitcoin because they can now cater bitcoin users.

No bank is being deeply affected by bitcoin yet, since the technology has not been adopted by enough people to make that kind of local or international impact, but as bitcoin becomes more popular there is no doubt that banks will begin to feel the pressure but right now the pressure does not come from bitcoin but from several business that are also offering loans to their customers.

Like many people on here, I also think that's a definite NO. Bitcoin or cryptocurrency in general isn't that big to become a direct threat to any banks though this does not  mean this won't be the case in the future. In fact, this is one reason why many people want to regulate crypto.

Yes , local banks think that bitcoin is a big threat to . them. People nowadays choose to invest in bitcoin rather than banks. Bitcoin can now used to pay anything like banks but we all know that bitcoin is better than banks.

Yes, it is absolutely true. In fact, I have seen a lot of problems in bank nowadays such as they have their server PC a lot so sometimes they cannot process any deposit or withdraw or nowadays our local bank is paying the loan with almost half of the amount as an interest which we have to pay with the principal amount. I mean that is insane and it is still growing so maybe in the future we have to pay the double amount which we take the loan of. I think cryptocurrency should take over the banks so everyone can get a decent amount of features and I do not care if we do not have the very privacy protection in cryptocurrency right now.

I believe that bitcoin is a threat to the banking system and the current economic system. And it's great, because the decentralized financial system looks much more promising and more subtle. If I am given the choice to keep money in the bank or buy the BTC, I will choose BTC.

I think we should not generalize every banking system. For example BTC can be a treatment for the economics of developing countries where the financial system is so weak.

We all know that bitcoin is very trustworthy and sustainable crypto currency and being in digital form, it comes superior to all the currencies available in the market and this is not theoretical, as millions of people in the world finds bitcoin much better, safer and the most profitable in all the terms than all the form currencies available in the market and no doubt that if crypto currencies will get legalised it the entire world then it will obviously decrease the use of Fiat currencies among people but I don’t think that this is also a threat to local banks as then instead of storing these Fiat currencies, they can start storing these crypto currencies.

What is the connection between Bitcoin and Banks? i don't think their is any the primary functions of banks is accepting deposit and lending loans and Bitcoin you can see does a different thing so it does not constitute any threat to banks.

I think it's like that. If Bitcoin and many subsequent projects succeed, the bank will not need much. But still a very strong few banks can survive.

It is true that Bitcoin are one of the most fearful competitors of the local banks worldwide. Especially now that Bitcoin community is keep on its growth, a lot of people are keep on their curiosity to crypto currencies and eventually engaging to Bitcoin. For me, I think that the local banks are mostly afraid because they are thinking that in the coming future their place will take over by the Bitcoin or the crypto currency community.

Its no for me, because bitcoin has a good intention to people specially in our society and to our country because bitcoin theres so many people they help to be a successful in life, i dont wanna listen to the people have a bad news in bitcoin.

This can be kind of weird but my country is acting like cryptocurrencies not existing at all so banks are you ignoring the fact of crypto in the world economy stage.

today banks are actively developing in the world of crypto currency! they also do not stand still and constantly introduce a crypto system! banks do not like that most of the money went to the bitcoin payment system and there are a lot of transactions! This does not like banks!

Right.Banks and bitcoin do perform different tasks so bitcoin should not be a threat to any bank because there is really no competition between them.Banks are focused on fiat currencies but i also believe that maybe in the future banks will also open their doors in accepting cryptocurrencies once it will be legalized in such countries.

Yes, I am also having a strong feeling that bitcoin will be accepted soon in different banks if those particular countries will legalized that use of bitcoin, for now I don't believe that bitcoin is a disaster for local banks.

yes, that's right, banks are afraid and worried if their roles are replaced by decentralized systems, even in Argentina there is the first bank to receive crypto transactions especially bitcoin.

and in reality, bitcoin gets a great response from the public, and dominates every payment and every transaction.

because of that, they always create FUD to make bitcoin weak.

Banks are never into this kind of transaction because they see bitcoin as volatile in the market and it takes enough time to consider its potential just like what happened when it increased its price enormously. People are waiting for the next wave; however for the bank - still the threat of making this activity be influenced and manifested. Banks will never intervene the market of crypto because it would give them negative impact on their business activity.

why many people are always comparing bank and bitcoin, as we know that fiat and bitcoin si totally different so if you comparing fiat and bitcoin or the bank with bitcoin it don't has the similarity, so stop comparing bitcoin and fiat currencies

I doubt it very much. Banks will live as long as there is life on earth. Tools for financing can only change.

Perhaps in the distant future it will be so. Now Bitcoin is a way of investing. Very risky.

I hope the two can walk together to progress

I think this is true because there is no alternative now (other than bitcoin) that can resist a banking monopoly.

I think it is not true. Actually the banks are choose what they do in the bitcoin. If they choose it as an enemy or choose as a friend. Bitcoin and banks in my country are friends so that they benefit each other  the banks put tax in bitcoin to earn and as exchange the bitcoin is freely moving in my country.

No, this is completely untrue. Banks are not at all threatened by bitcoin, bitcoin is unable to replace banks, since it does not have the appropriate functions. Therefore, banks there is nothing to be afraid  of bitcoins and other decentralized crypto currency. Banks will exist in any state, since they have actually become a part of it, serving the country's economy and state structures.
Bankers of the Crypto-currency are partially deprived of profit due to some loss of their customers, but banks and the banking system have nothing to fear.

Yes. It is a possibility .
Lets assume that bitcoin gets generally accepted as a medium of  payment globally. Don't you think , that people will reduce transactions with banks ...which is going to impact negatively on their progress.

they are afraid unequivocally yes but it seems to me that banks will find a way to regulate crypto currency

You need to read more about bitcoin because it seems you do not know anything about it, bitcoin allows you to be your own bank, you can store your bitcoin securely, you can send it to the other side of the world without any third party telling you what to do, and the best part is you can open a wallet without giving any kind of information about yourself, bitcoin is way better than any bank on the face of the earth and they know it.

I agree.I really never think that bitcoin would be a big threat to banks because in the first place,bitcoin and banks have different perspective.If given a chance that bitcoin will be legalized in the future,i think banks will open their doors to bitcoin investors and they will work hand in hand to make progress together.

Not yet! Well its actually the whole notion of cryptocurrency. Its decentralized nature and low fees, anonymity has challenged the centralized authoritarian of the traditional banking sector. Currently some banks around the world are using Ripple, another cryptocurrency. However, Ripple is actually a centralized cryptocurrency! However if cryptos become more popular as a currency instead of a investment instruments then banks would have to really think about a good strategy to tackle those challenges.   

As far as i know herein my country aren't issue between the bitcoin and bank
So far the relationship of the both currency is in good condition why i telling this bank herein my country
Aren't afraid to bitcoin as currency and not giving problem or threat
How i can convert my bitcoin into fiat if the banks is not accept bitcoin

Bitcoin will not collapse local banks, the local banks will still exist in spite of bitcoin and the other Cryptos. The world of finances have advanced over the years, bitcoin is here to make the banks even much stronger.

Although the word "disaster" seem too harsh, but I would answer in the affirmative. People have already started dumping the conventional banking methods.

in fact the bitcoin decentralization system is more attractive to many people than traditional banking because it has many advantages. This might threaten the status of a traditional bank but with some improvements and the bank is able to accept bitcoin I think the local bank will not die.

Blockchain technology can potentially become a disaster for banks. Banks can, as the money system are now, print digital  money and lent them out to there costumers, as long as the money are just digital they can create money, however if all money becomes something there's visible on the blockchain then banks can no longer print money.

Well, i think this makes a sense because in our country, many people choose to save their money and convert to bitcoin. They believe that bitcoin can earn more profit from it compare to bank that even in a long period of time you can't earn what you will earn when holding on a bitcoin.

not bitcoin but blockchain
because blockchain is a system that requires data flow through verification
You can call it anti-data manipulation

That's down to market share. The bank has not had real competition for years and then Bitcoin came on the scene to become an alternative / competition for these Banks. In many countries, people are limited by the availability of banking services, so everyone uses the bank, because they have no choice.

More than likely once bitcoin reaches a critical mass, banks will incorporate the cryptocurrency and find ways to profit from it by loaning it out, charging fees to withdraw it, and providing other services for bitcoin users. It's only a matter of time before cryptocurrencies are embraced by banks.

bitcoin is here to make the banks stronger not as a  disaster, with the view of things, bitcoin is still more of investing due to the risk while i doubt if the inexistence of bank in present day is possible. 

Banks have been one of the few institutions take have not supported bitcoin and its projects over the past years because of the fact that bitcoin is volatile also decentralised. I think they(the banks) cannot figure out a way to incorporate bitcoin into their operations, that is their Problem.

I don't think so. Because humanity can't be free from the yoke of money issued and control by governments through central banks in the near 30 years at least.

Yes, it can be a disaster while bitcoin cannot replace the bank completely. There are many things that can be done by banks while bitcoin cannot and vice versa.

If people opt to use bitcoin then it would be a disaster for them, but for now I don't think it would happen that easily because the government supports the banks and if they just let bitcoin take over then it would be bad for them because there is a possibility that they cannot get the necessary funding needed for the salaries of the people working for the government and projects to be funded. They will also lose their control which would entail just giving up their position.

Well, i think this is a little bit true, but this can prevent if they can prevent it i think if they make it some partnership regardless on its investing on it. There are many people who are choose to be part of the bitcoin compare to save their money at the bank.

I can say that this is possible but inevitable, so my state banks really ignore the fact that cryptocurrency exists and they think that it will appear as a bubble.

The presence of bitcoin is a good thing for the future of the transaction system, everyone can and is free to control their assets without having to depend on third parties, and this is what makes bitcoin a threat to the future of banks and can make banks disappear.

That's a big problem of Bank, bitcoin is primary compositor when it comes to stored of money and businesses but Bank will have a chance to continue their operation if ever Bitcoin become Primary use in all over the world because Big business company doesn't handle the huge amount of tangible money they rely on the agency who handle it so they have a chance to handle the stock of Bitcoin from big company but they gonna do first of alternative module that compatible with bitcoin and Bank to process all transaction.

I don't think it's actually a disaster! what factors cause disaster for existing local banks! all of this has run smoothly with a long time, no local bank

We just need to know what we want. Banks want profit and they need clients. We are their clients and they make profits on us. The bitcoin is a way to earn more money. We can invest in bitcoin and earn a lot. Banks know that and that is maybe why they are afraid. They see concurrence where we see opportunity. But it is not true that bitcoin is a disaster for local banks. I think if those banks have the right mindset, they can profit as well. They just need to re-invent themselves.

In my opinion, banks are not afraid of bitcoin, but actually those who are afraid that their governments are afraid of the presence of bitcoin will reduce taxes from government people who have an interest in enriching themselves by taking advantage of bitcoin holders or crypto currencies

Bitcoin is not a disaster to any local banks. It doesnt affect any transactions of bank. Bank is very powerful than bitcoin. Banks can never be prevail by bitcoin.

Ripple has no future if you think about it, why banks are going to use Ripple at all? If what they want is to deceive users about thinking they are using a cryptocurrency then why not create their own that they control completely? This is why the market cap of a coin does not really mean much if even a coin like Ripple can have the third spot in the market cap.

yes, the news is true. but if a local bank also uses bitcoin and its superiority I think the bank will not be displaced by bitcoin. they should accept the reality and take advantage of the existing reality. If not, the local bank will be completely destroyed.

No. Not a disaster. I don't think Bitcoin is that scary to banks. Banks have many important functions in our economy. Bitcoin is only a threat to crooked banks. Compared to banks, Bitcoin was too small to present any threat to the worldwide economy.

Bitcoin isn't really a disaster for banks, but more or less, it has certain influence on banks. Bitcoin is underpinned by Blockchain technology and therefore, it makes banks seem obsolete. Some banks have to use blockchain to improve their system to compete with Bitcoin.

Bitcoin doesn't necessarily become a disaster or a competitor to banks. The money banks are working with is paper money, while Bitcoin is a digital currency. Moreover, other than money-transfering function, the service in which you guys think Bitcoin and banks are competing, banks have many others roles like issuing money, mobalizing capitals.

That is the primary reasons why the bank and financial institutions are constantly against bitcoin because bitcoin and the blockchain technology are taking over the function of banks and in a decentralized way, the blockchain gives the people the total financial freedom which the traditional financial institutions will never give.

Bitcoin is not open using in our country just like it is using in other countries and it is good to say that bitcoin is good if the local banks started deposit but the opposition is about the stability of bitcoin which is the major issue and that's why it is disaster for banks.

Everyone moan about this issue, they perhaps claim that Bitcoin disturbs and has a negative impact for local Banks in many countries. I do not know how they can say so because I think it is not true. Bitcoin never disturbs local Banks. It is comes independently and becomes a trend of investment for some community of people, because it not all people know about this.

How to verify the source you heard is reliable? I'm not sure that many people need to share this information. That made us puzzled.

Yes if bitcoin continued its progress just like in 2017 then till now all the banks would have been against bitcoin but now as it drops ddown to drastically low level t even who interested in it are thinking to get their money back by any way

Lot of new projects/ICO´s  are trying to copy banks.They even introdusing lending as a new method in cryptocurrency space.At the begining of the year there was a lot of money invested in cryptocurrency.Those things could be scary for the banks,but thats not enough.Banks and money are ruling this world and first thing they will do against domination of Bitcoin is worldwide regulation of it.
No,bank has no fear.

The essence of the bitcoin is not in the destruction of anything, it's primarily an investment outside the centralized financial system. The banks are afraid of it, but for the reason that the BCT can in the future reduce their speculative power.

The purest truth. In a world in which the crypto currencies will win, banks simply will not be needed by people. No, but seriously, for what purpose will people continue to use them?

I think that somehow this is true because people choose to invest in bitcoin rather than banks. Well there were so many advantages in investing in bitcoin than banks. You can handle your own money in bitcoin and you are able to earn huge profit in bitcoin. Bitcoin is getting popular nowadays that may help other people to discover bitcoin.

Bitcoin is created as form of payment for online purposes and not to destroy any institutions like banks. I think the banking industry as a whole is not afraid on the cryptocurrencies, they only dislike them because they are decentralized or can not be controlled by anyone including the governments. Banks can survived the so called attack of cryptocurrencies and blockchain on other currecnies like fiat because they can also make or issue their own crypto if they wanted to.

The major fact is that Centralised currencies have nothing to do with the decentralised currencies. There are several threads similar to this and this question has been already answered several times. Bitcoins will never take over the fiat currencies because they are been nationalised and also it is impossible because of the national governments. Government can never make this happen because the centrakised currencies gives them the ease to track and manage the supply of which compared to the decentralised currencies is not possible.

Bitcoin is not a disaster, it is a cryptocurrency that threatens the existence of the local and international banks due to its decentralization. With the use of Bitcoin, no need for a third-party intermediary to make any financial transactions, the sending and receiving of funds will be very easy thru P2P process and it would only take some seconds to complete the process.

If bitcoin threatens the existence of banking sector, in future bitcoin can be potential disaster for that banking sector. It`s not that bitcoin is a disaster, but it can be for the banks, in future crypto can fully replace banking system, what will happen with banks in that case? You misunderstood what op wanted to say, but in same time you elaborated his headline. I strongly believe in that outcome, but who knows what future is bringing, we can`t be sure in anything 100% this days, many things can happen, people work on both sides, you can say it`s a war out there, but crypto is slowly growing and pushing out banks, it`s happening on a small scale, ordinary people are doing that, what will happen when governments and companies start to massively adopt crypto, banks will be crushed.

Yes,if bitcoin adopted by more people then it is a true disaster to the banks and do you know all the local banks were controlled by some central authority so don't worry if local bank or the central bank all are making money out of thin air so we no need banks anymore just move to decentralized system.

I guess not, cryto is good and can be alternative for banking/saving money but the fact is not all people have knowledge about bitcoin. Even the time  passes by, we cant ignore the fact that there will be people who against and choice to live like what they are now. Also, people who not totally in on new world

Whatever you do, you still need your fiat currency to spend your cash. And, this will require the services of your local bank. Because bitcoin use is not widespread and bitcoin is not widely accepted, compared to normal banks, it cannot be a disaster for banks

No. For the reason that bitcoin is not at the moment universally accepted and secondly the banks don't need bitcoin to cause them disasters they do a fantastic job of that themselves-just look at the scandals surrounding the banking industry anywhere in the world. 

IMO, bitcoin/cryptocurrencies and banks can be pictured out as what happened to e-mail and postal services. If bitcoin/cryptocurrencies will be fully utilized as an alternative to fiat money, then bitcoin can surely be a disaster for banks locally or internationally.

A lot of things will happen with the Bank if Bitcoin starts a lot in interest of a country from the Bank because you will invest your money in Bitcoin again not to the Bank.

The possibility exists but if the government remains in its stance to impose limits on the use of bitcoin and still provide fiat or local currency as the main currency, of course the bank will continue to exist, or the second choice is the bank to cooperate with crypto so that no one must beat each other

Banks do not take bitcoin seriously. Because no one uses bitcoin as an everyday means of calculation.

At present, the situation depends on the ruling bodies of states and banks and it will be very difficult to destroy the banking system, because it has more power. The only thing banks can do is work with crypto-currencies.

Actually, one of the benefits of bitcoin is easy the experience users struggle with international and local banking transfers. It’s more about the blockchain technology, not bitcoin. Banks have started adopting blockchain and they will highly benefit from it. Furthermore, the mainstream bank clients don’t trust bitcoin so I would not expect a major shift in this regard.
Nevertheless, my personal conviction is that blockchain and bitcoin are always about opportunities, not limitations!

You are dreaming of bitcoin's power too much, I do not even see it as the catastrophe of the bank, I just see it starting to show weakness with the bank, the value of bitcoin is almost a slap for everyone, dream and hope, want to replace cash and bank. And the end result is still a loser, banks are always high and high mountains while bitcoins are in recession and many people doubt that it will end, disaster for the bank, it really is a joke

The main time I figure it will be a fiasco for banks will be if government will permit bitcoin exchanges to run uninhibitedly. Individuals who can securely store their own particular finances in an advanced wallet will do that as opposed to squandering hours at the banks enrolling, lining up, paying expenses previously they can money out their cash

well,It used to be the case few years back. Now a lot of banks worldwide are seeing the need to incorporate bitcoins in their operations. Do not be surprised to see banks offering bitcoin transactions.

Banks don't like the way bitcoin is created by being a decentralized currency but they are not afraid of it. Major banks are also planning to integrate cryptocurrency in their system by either adopting an existing coin or creating their own coin. Ripple is one example which is adopted by some banks and payment networks. In the future, many banks will also create some sevices that involves with the use of cryptocurrencies.

bitcoin has blockchain, the technology that powers Bitcoin and other cryptocurrencies, is that it can “create trust”, or allow two parties to make a transaction “without relying on trust  this means we could create a world without a trusted “man in the middle”. We could have financial services without a bank verifying transactions and we could transfer ownership with all this unique features of bitcoin most banks believed its a disaster to them

This a real scenario happening now with me and with my friends. So I am really into investing on banks and stock market same as my friends. Then we discovered cryptocurrency we read articles about it and did some research and we learned that gaining money here is faster compare to investing on local banks. So now I am using banks for savings only.

In banks, the sense is lost as in an intermediary, they will no longer be necessary. I even venture to say that bitcoin is a threat not only for banks but for the entire financial system of the world ... so that the dollar may disappear in the foreseeable future. So we live in a very interesting time ...

I don't think so, because banks will not die by bitcoin. To use bitcoin there must be a strong and stable internet network. Without that, our money in a bitcoin wallet will not be usable. Unlike banks, physically there is money so even fools can use money in the bank

Why are bankers afraid of Bitcoin’s impact? Easy, it will lead to ripples across the financial sector, it will create new winners and losers, and it will likely decentralize banking services and create micro markets to an extent not seen since the advances of the barter economy and the market economy combined. In fact, this is what the Internet of Value is all about—erasing the distinction between bartering, money and service exchange in any market. Once each potential good has a financially tradable and storable equivalent, “a bitcoin,” if you will, trade will explode in a myriad of directions impossible to predict by current algorithms. Intermediaries will come and go, and the end points of exchange nodes will become more important. To many bankers, this is a scary thought. To everyone else it is likely quite liberating.

I think bitcoin is doing well because it is not causing any harmful affect to their customers but i am sure that in the coming years crypto market will be on number one currency. Bitcoin is not a disaster for banks but bitcoin is in itself a huge market and i think that people will use both forms and fiat is also useful because whenever you need local payments you can enjoy it.

The rapid rise of bitcoin internationally gives a threat not just for local banks but of all types of banking system around the world. Bitcoin had almost everything you need that the banks cant and if the banks can, then in bitcoin its less than that it is with the banks. People were slowly jumping on to the crypto and making some adjustment there and leaving banks behind.

can be. because more and more profit is generated by someone from itcoin, then when they exchange it to fiat in the bank, the bank itself loses local currency and that can cause inflation. more simply, the value of bitcoin goes up, and exchanged into fiat in large amounts, the bank must print more local money only to be exchanged for the bitcoin.

How possible is this ? even if possible this wont happen soon . i am nit bothered about whats replacing banks or not. i only want to use the best at the moment and enjoy every single means that is available to make life easier. 

I think banks are not afraid of bitcoin, because banks know bitcoin is used by fewer internet users than banknotes users in banks that 100% need banks. But as a competitor, banks must continue to innovate so that users do not move using bitcoin, or even provide a place to exchange bitcoin. So the combination of fiat and bitcoin money will make people have choices.

No, I think the bank doesn't consider bitcoin as a threat, bitcoin has not been legalized by the government and also has not become a legitimate medium of exchange. Banks will feel threatened if the government endorses bitcoin as a currency, but it seems difficult to happen.

It is still too early to say that bitcoin is going to replace for local banks because bitcoin is not yet that popular compare to backs but the number of people using bitcoin is definitely growing. Bitcoin's feature is decentralization which cannot be generate by simply print it out. This is the biggest difference compare to banks where fiat money can be print out easily and centralized in small group of people.

Bitcoin is a digital currency, and have nothing to deal with Bank, accept when converting to local currency, more over bank benefits more from any transaction made, therefore bitcoin  helps Bank.

I personally don't view bitcoin to be a threat to banks, rather, bitcoin is a healthy competitor.

And i think that banks are starting to see that point of view that is why many banks are considering blockchain technology as their backbone. They saw how blockchain proves to be a worthy technology to create a tamper proof system where transparency meets full security. And as many banks opposes the decentralized idea, some are trying to mimic the same blockchain attributes under a centralized system.

bitcoin and bank is work separatly and i think bitcoin is not affecting bank and anything, we know that bitcoin have the digital form and the banks have the money that have the physical form, so i think it dont have any relation with it

It could happen that what I know we have entered the world of technology, if all of you visit the country, of course you will be presented with a lot of sophisticated technology technology, and it is possible that in the future, all the instruments of exchange will be changed with a technology like bitcoin, and we know that many countries interested in the Blockchain method do not mean that they will not take advantage of the current blockchain, and that all banks in all countries have begun to be interested in the Blockchain work system, to protect everyone's funds, and all that takes time. to do it ..

Of course, because now we do not need to contact banks for currency. In fact, we return to the exchange of goods for goods.

Yes, I think banks are infuriated by this, a completely new currency that is not tied to the world market.

It’s not quite clear yet how tokens will influence the world market and what the creators have in their plans. Will it be a completely new market or all the same but with a new currency. But still, banks should be wary

Bitcoins are not the usual currency associated with banks. Bitcoin and the bank are two unrelated operations and the bank has also blocked transactions involving virtual currency. The development of Bitcoin also made banks worry because people are investing and hoarding Bitcoin instead of sending it to the bank.

I don't think it is a disaster to banks but rather a competitor. This is so because people can invest in Btc instead of doing savings at the bank. I believe the existence of btc should be a major reasons why banks should improve on their services.

Bitcoin problem for banks, or rather the problem for the central bank. Of course, if this is not the idea of ​​the central bank itself, but rather the managers.

If the largest companies in the world switch to Bitcoin and by their actions pull other organizations along with them, then it makes sense to fear banks. When will it happen and will it ... Will the paper go away? How to take a loan to people? Bitcoin banks will appear. Let us return to what they left.

I think that banks can sleep well for a very long time. Bitcoin for a long time will be an alternative currency to the usual money. Or maybe he doesn’t have enough strength to sum up the currencies of the world today. It is impossible to predict what will happen in a year.

Of course they affraid. They did not planned anything.

I guessed it too long ago. Many of the local banks are owned by politicians and so that as they have political power to stop it, they will try their best to do it. Though it's not that very strong threat till today but it will be tomorrow. So I thing they already have started to think bitcoin as a threat to their banks and I think they are already on their way to make bitcoin weak or they are making a plan to make it weak.

Banks need a constant arrival and departure of funds, but cryptocurrency does not imply a commodity equivalent, therefore there is only in electronic form. There is no real possibility to pass it through the Bank, so Yes, I think banks are absolutely against the existence of such a currency

based on negative news that continues to attack Bitcoin, actually, Bitcoin is not only a disaster to local banks but a disaster to all banks in the world. I keep abreast of the news when JP Morgan attacks Bitcoin, from their statement it can be concluded that they consider Bitcoin a disaster for their business.

Well the banks and the traditional financial institutions have seen bitcoin to be a disaster to them but the fact still remains that bitcoin and the blockchain technology entirely can not perform 100% without the banks because most transactions in the crytocurrency still need the collaboration of the financial institutions e.g bank credit cards and master card. But the bank have failed to understand this fact and have constantly seek ways to attack bitcoin because they view bitcoin as a threat.

That's a false news, Bitcoin doesn't serve the function of a bank. You couldn't have had a $17,000 savings in your bank as of January this year and be told now that your savings has devalued to barely over $6,000 as at time of this post. That, literally is what a Bitcoin worth $17,000 at January is worth now. Of course it could have or could still worth more than the initial price of January and I'm not against buying of Bitcoins. The point I'm trying to buttress is that Bitcoin isn't regulated by a single body, its price is not fixed, neither can it be foretold and So, therefore can not serve as a bank.

The proliferation of digital money is undesirable for banks, given their current problems they have been facing recently. This, first of all, is about the low demand for loans, lower profits due to reduced interest rates and fading hopes for deregulation.

I see a point here, but i think that is more of a problem between bank competitions. Bitcoin does not offer any loans, in fact owning bitcoins and keeping them in your wallet does not earn you interests, instead we are merely hopeful that the price will increase and that we hit the jackpot. Perhaps the only threat bitcoin pose as of now is the amount investors chose to put into bitcoin instead of the banks, but trust me, there are still many out there that views bank as better options rather than bitcoin.

I don't find any local bank fears about bitcoin, everything is still normal here. but it might be different if at your place,
why is bank feared? whereas banks and bitcoin are different functions? the use of bitcoin will not make, the existence of bank decrease right?

   Biggest obstacle for successful use cases is the fact that the whole system is designed around bank credit. Wait until the system breaks again and I am sure people will start utilizing crypto in ingenious ways to cope. “If you build it, they will come.”  ;)

a Bank is a third party that only complicates the whole process of transferring or receiving money between people. While charging a significant fee for their services. It's clear that this banking institutions make themselves some profit. But with the advent of cryptocurrencies such commercial companies lose their value in the financial world. Who needs these inconveniences when transferring funds? Why complicate your life, pay extra money and wait for a long transfer time, if you can just solve everything with the help of digital currencies that use the Blockchain system? I think the report is clear.

Not really a disaster.Most banks don't even care about bitcoin. while some say,Banks hate bitcoin and also don't want it to run because they know it very well that it popularity rate is increasing rapidly and it can be a great threat for banking business.

To me, I don't think it will be a disaster for them if the government starts to accept the use of BTC in our countries. If they don't take care and they still frown at it and people invest into it, they will start to withdraw their monies from the local banks which will then collapse them.   

I think the banking industry are not afraid of bitcoin, they just don't like to use or accept virtual currencies that are decentralized or can't be controlled. Some international banks have alreardy using XRP, which said to be centralized virtual currency, for international payments so banks favor a coin if it a centralized one. Some big banks might also planning to issue their own virtual currency in the future to counterthe growing popularity of cryptocurrencies.

That is how banks can survive and do not eliminate by bitcoin because it is more safer to save money that you won't invest. Bitcoin is good for earning in trading and any other way and hold on the account to wait for the price to get profit. Banks will remain and choose by people to put their money. Also no one can loan a bitcoin but work or buy to have it.

I feel the existence of Bitcoin is not a disaster for a local Bank, because after all the local Bank is needed to withdraw money from the profit of Bitcoin transactions. The local bank will be undermined if Bitcoin can be used as a legal payment instrument in general and cash withdrawals without going through the Bank can be done  :)

if it is said that disaster is certainly not yes, but it is more of a business competitor, maybe currently there are still few people who actively use bitcoin as a transaction tool, they mostly still use bitcoin as an investment tool, so it's less likely for bitcoin to take over the bank's current function, so it's not there is a disaster