Can Bitcoin make Banks disappear?

[(altair)]

I don't know but I think that bitcoin can't make the banks disappear,but we can't tell what might happen in the future who know's bitcoin is becoming so popular this days,but there are still other country that does not support this crypto currency

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[Qunenin]

Yet people will be on depend on bank , banks are in the long run where people using it to keep their money safe from spending it nor there are saving it from there work their salary per month if bitcoin will banks disappear it depends on bank and the goverment it self. If goverment says to bank to closed they will be closed but if bitcoin will make bank disappear it wont be happen

From the past 8 years up to the present bitcoin is have been giving us a really great benefits and we still have our freedom on managing our money using bitcoin, we escaped the traditional banking systems and we don't have to pay for a large taxes.

[Text]

For me, bitcoins can not make banks disappear. First, they are now working together even they function differently. Their combinations is one of the successful moments especially to BTC. I consider both of them to improve and to have better development in our economy.

[DerDerrick]

I think it will even be the opposite and that means that the bitcoin will lose it from the banks!

[mastica]

Yet people will be on depend on bank , banks are in the long run where people using it to keep their money safe from spending it nor there are saving it from there work their salary per month if bitcoin will banks disappear it depends on bank and the goverment it self. If goverment says to bank to closed they will be closed but if bitcoin will make bank disappear it wont be happen

From the past 8 years up to the present bitcoin is have been giving us a really great benefits and we still have our freedom on managing our money using bitcoin, we escaped the traditional banking systems and we don't have to pay for a large taxes.

You know that savings doesnt charge any kind of fees and you can use it as a normal account pay, transfer, sure it has some fees but would be just transaction fees. Banks are following the market, and people are becaming more digital year by year, i cant say when and if will happen but maybe in the future we can buy and sell our bitcoins directly with bank accounts without be worryed if they will frozen the funds.

[Fireblade]

Banks will not disappear, they will just change with time (if it comes) and integrate the blockchain tech in their system. People will still need loans and banks are the only way to provide them. Likewise fiat currency will also not disappear just degrade in value.

yes i also think so, bitcoin is not going to disappear bank, because banks runs over fiat and fiat are still very strong because almost all the people still using fiat as primary currency and after that some people are using bitcoin as currency.

[mornabo]

For me, bitcoins can not make banks disappear. First, they are now working together even they function differently. Their combinations is one of the successful moments especially to BTC. I consider both of them to improve and to have better development in our economy.

yeah they are different. unless fiat totally defeated by bitcoin bank certainly will not be longer as storing facilities for fiat, but I think it is impossible fiat can be defeated by bitcoin

[Fireblade]

It will take a lot of time when all people of the world will start using bitcoin instead of fiat currency and then they will use wallets instead of banks accounts. For now banks and cryptocurrencies ll share functions and somehow devide market. It's what we can see and it's what hapenning right now.

I prefer to use them both. because each has its advantages and disadvantages. we can take advantage of all the features which the reliability of bitcoin and real money. there are portion of each that must be shared.

currently all the people are using them both. actually the users of bitcoin are still very low and majority of people do not know about bitcoin therefore they still using fiat and in backward countries where there  is no internet and computer facilities there also people do not know about bitcoin and they also depend on fiat currency.

[Hatuferu]

For me, bitcoins can not make banks disappear. First, they are now working together even they function differently. Their combinations is one of the successful moments especially to BTC. I consider both of them to improve and to have better development in our economy.

Yes banks cannot be disappeared easily by bitcoins. And as of the moment there is no bank that is ready to accept bitcoin but there are some that are showing interest with it. But this is a risky move for the banks, because of its decentralization that can cause economic collapse if all the people will use bitcoin because it doesn't have indefinite value.

Clearly it's impossible to happen, banks are for fiat and it cannot accept bitcoins as there definition of bitcoin is properly. Bitcoin will be widely used online but it will not a time that it will be legalized as a currency. Every country has their own, so why would a bank entertain bitcoin.

[OrangeII]

For me, bitcoins can not make banks disappear. First, they are now working together even they function differently. Their combinations is one of the successful moments especially to BTC. I consider both of them to improve and to have better development in our economy.

Yes banks cannot be disappeared easily by bitcoins. And as of the moment there is no bank that is ready to accept bitcoin but there are some that are showing interest with it. But this is a risky move for the banks, because of its decentralization that can cause economic collapse if all the people will use bitcoin because it doesn't have indefinite value.

Clearly it's impossible to happen, banks are for fiat and it cannot accept bitcoins as there definition of bitcoin is properly. Bitcoin will be widely used online but it will not a time that it will be legalized as a currency. Every country has their own, so why would a bank entertain bitcoin.

each country will definitely need a bank that will produce fiat, and it will continue to run. today, bitcoin has not been recognized as a currency, but already has a high price. but, with potential like that, bitcoin bank will not make disappear. it is because bitcoin is not created by the state, and I think, at this time, bitcoin is only seen as a tool to multiply money.

[Viscore]

For me, bitcoins can not make banks disappear. First, they are now working together even they function differently. Their combinations is one of the successful moments especially to BTC. I consider both of them to improve and to have better development in our economy.

Yes banks cannot be disappeared easily by bitcoins. And as of the moment there is no bank that is ready to accept bitcoin but there are some that are showing interest with it. But this is a risky move for the banks, because of its decentralization that can cause economic collapse if all the people will use bitcoin because it doesn't have indefinite value.

Clearly it's impossible to happen, banks are for fiat and it cannot accept bitcoins as there definition of bitcoin is properly. Bitcoin will be widely used online but it will not a time that it will be legalized as a currency. Every country has their own, so why would a bank entertain bitcoin.

each country will definitely need a bank that will produce fiat, and it will continue to run. today, bitcoin has not been recognized as a currency, but already has a high price. but, with potential like that, bitcoin bank will not make disappear. it is because bitcoin is not created by the state, and I think, at this time, bitcoin is only seen as a tool to multiply money.

Bank is here to give us security with our deposits, banks provide insurance for free and we are also entitled to receive interest income from our deposits, I do not now with other country but in our country that's the law. Bitcoin is not yet popular in our country but I believe it will be in the near future, let's just see what will happen but I'm sure it will not replace banks.

[PokerFace3]

I think it will even be the opposite and that means that the bitcoin will lose it from the banks!

I don’t think that bitcoin or any other thing will make banks disappear, we are always in need for a place to store our money, we can’t just put our money in our house or wallets, we need a safe place to store them in.

We can’t really on bitcoin and online wallets because they are always related to the internet so if the internet goes down so is the bitcoin too. Banks may survive as people always will prefer having second options.

Bitcoin will dominate in future still banks will continue their services wherever bitcoin is not available.

[tabas]

Banks will not disappear, they will just change with time (if it comes) and integrate the blockchain tech in their system. People will still need loans and banks are the only way to provide them. Likewise fiat currency will also not disappear just degrade in value.

They will still remain because the government needs their service and I don't think government will simply rely to the whole blockchain technology and it is a risk for them if they will let the banks disappear and let bitcoin to take cover for its job. They can adopt bitcoin but don't think that it can make them disappear easily, they are just like gold that has been there for centuries.

as long as many people still believe with the banks, i think government will not erase the bank itself and bitcoin will work together with the banks. but for make banks disappear, i think its not possible because people still trust and still using the banks for many things like for payments, saving, or make investment with the banks.

They will not really going to remove the banking industry. Because a lot of money the government is generating profit from its taxation. Every service that a customer that avails in the bank, all of them does have tax. And for each transaction we are making with them, the government is getting benefits from it, so it is impossible that one of the life giver of a country will be removed just because of bitcoin.

[grandy]

For me, bitcoins can not make banks disappear. First, they are now working together even they function differently. Their combinations is one of the successful moments especially to BTC. I consider both of them to improve and to have better development in our economy.

Yes banks cannot be disappeared easily by bitcoins. And as of the moment there is no bank that is ready to accept bitcoin but there are some that are showing interest with it. But this is a risky move for the banks, because of its decentralization that can cause economic collapse if all the people will use bitcoin because it doesn't have indefinite value.

Clearly it's impossible to happen, banks are for fiat and it cannot accept bitcoins as there definition of bitcoin is properly. Bitcoin will be widely used online but it will not a time that it will be legalized as a currency. Every country has their own, so why would a bank entertain bitcoin.

currently they may not entertain bitcoin but in future when states will consider bitcoin as legal currency the probably banks will also accept bitcoin and they will create online system for it.

[emnsta]

I don't think so Bank is important because we keep our money it is real money that you can hold it Bitcoins is just a virtual money.

[hurain]

I don't think so Bank is important because we keep our money it is real money that you can hold it Bitcoins is just a virtual money.

i think the importance of bitcoin cannot be ignore so soon. as still less than 1% people are using bitcoin, therefore almost all the people of the world are using fait and banks are important for fiat therefore the importance of fiat cannot be be ignore in present time.

[ophyrim]

The banks will not disappear because most of people in the world use bank credits. Like mortgage, vehicle loans, home loans, consumer loan or commercial loan. Maybe one day we can receive all these loans as a bitcoin but the place where we are going to receive all these loans is the banks.

[iqlimasyadiqa]

The banks will not disappear because most of people in the world use bank credits. Like mortgage, vehicle loans, home loans, consumer loan or commercial loan. Maybe one day we can receive all these loans as a bitcoin but the place where we are going to receive all these loans is the banks.

one day credit could be taken hostage in order to bitcoin. because the system is the same, namely to lend some money. bitcoin loans will certainly help us in the transaction.

[millgates]

The banks will not disappear because most of people in the world use bank credits. Like mortgage, vehicle loans, home loans, consumer loan or commercial loan. Maybe one day we can receive all these loans as a bitcoin but the place where we are going to receive all these loans is the banks.

But if people are not use fiat anymore, bank will be use less. loan money from bank is not good for us, the bank interest make us hard to pay our debt. The annuity interest is adverse the customer.

[MMA]

The banks will not disappear because most of people in the world use bank credits. Like mortgage, vehicle loans, home loans, consumer loan or commercial loan. Maybe one day we can receive all these loans as a bitcoin but the place where we are going to receive all these loans is the banks.

But if people are not use fiat anymore, bank will be use less. loan money from bank is not good for us, the bank interest make us hard to pay our debt. The annuity interest is adverse the customer.

but i think it is no possible in near future that people will stop using fiat currency, because still a negligible % of people are using bitcoin as currency and it will take decades when at least half the people of the world will start using bitcoin. therefore i do not think that is possible in near future.