Can Bitcoin make Banks disappear?

[pawanjain]

May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.

That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.

I think you are right , But still the increasing the popularity of the bitcoin will result in the down of the banking system .
I mean people will use in very less amount because they have already a fascility of bitcoin bank .

[paul gatt]

May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.

That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.

I think you are right , But still the increasing the popularity of the bitcoin will result in the down of the banking system .
I mean people will use in very less amount because they have already a fascility of bitcoin bank .

I think you're wrong, and that is an absolutely wrong thinking. Whether Bitcoin developer, but the real money is always the most important thing, it is a factor to determine the value of Bitcoin, or in other words it is a factor to determine the value of Bitcoin. Bitcoins can be confirmed depending on real money. banks can not disappear

[hajimasan]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

No , it is not possible because this is only bank that has his direct offices and department that has direct communication with the user of bank and bank money .
Secondly in the bank money we have assurance of security of our money and without bank and bank money we can't deal with bitcoin also .
So Banks have a better position in the world for every country for its economical growth and also for the reason to work for bitcoin only for bank money .

[PancherBitCoin]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

[agamasrori]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

That is because the habit of the people. although it is very difficult to make a bank dissapear now, but the use of banks in society will be reduced little by little. especially in fintech industry.

[The_Dark_Knight]

May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.

That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.

Even if a currency is Popular it does not mean it will be accepted by Banks in anyway. Look at  foreign currencies such as Pounds and Yen, I never saw a bank outside U.K. and Japan that accept their currencies. It is all about the government they are the ones in charge of which money or currency a bank can accept, because it is a major decision on their part as it can affect the country's economy.

Most banks are national banks so it is natural those bank only manage the local currency and dollars but for international banks that accept  people from all over the world they accept most of the major currencies of the world like the pound and the yen.

[btcdiggingmaster]

May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.

That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.

I think you are right , But still the increasing the popularity of the bitcoin will result in the down of the banking system .
I mean people will use in very less amount because they have already a fascility of bitcoin bank .

Completely you are mistaken because bitcoin is digital currency, even now without banks people cannot able to able to buy bitcoin. Right now there are less bitcoin banks so it might take ages to setup banks. Because government are still in testing stage of block chain, so right now only banking system will lead the countries.

[Kollor]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

That is because the habit of the people. although it is very difficult to make a bank dissapear now, but the use of banks in society will be reduced little by little. especially in fintech industry.

Banks have their own way of innovating themselves, those owners also has a future plan for their business just like how the bank innovates them selves from simple holding a money to releasing bank cheques, and now those electronic cards.

Besides fintech that you are talking about is not a reason why bank number would start to reduce, in fact, it could even boost the banking industry, it's like combining the traditional way of banking and the latest.

[Chin Cheng]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

So what is the problem with it.Unless there is a crisis you are able to get what to own. Just imagine that you have saved all your money as digital asset and consider that there is a natural disaster ,what would you do the redeem your assets for real valued product.So we need every option and these options are good for the future.

[Mia Wallace]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

That is because the habit of the people. although it is very difficult to make a bank dissapear now, but the use of banks in society will be reduced little by little. especially in fintech industry.

You really need a bank or an exchange to convert your assets to digital cash and without that it is really impossible to convert your assets.So banking system is there to stay for the longer haul and bitcoin system will be along side as a secondary option. People really must have to choose what to and what not to and never dictate things.

[danherbias07]

May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.

That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.

I think you are right , But still the increasing the popularity of the bitcoin will result in the down of the banking system .
I mean people will use in very less amount because they have already a fascility of bitcoin bank .

Completely you are mistaken because bitcoin is digital currency, even now without banks people cannot able to able to buy bitcoin. Right now there are less bitcoin banks so it might take ages to setup banks. Because government are still in testing stage of block chain, so right now only banking system will lead the countries.

Not true. You can buy a bitcoin now in different ways. One example is our website wallet in our country where you could go to a connected convenience store and just buy it then it will be added to your wallet.
Bitcoin is created to make an option if we dont want to use the banks because of privacy and transaction fee.
So why make something that will rely on banks. That is why banks are trying to copy bitcoin.

[ASHLIUSZ]

May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.

That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.

I think you are right , But still the increasing the popularity of the bitcoin will result in the down of the banking system .
I mean people will use in very less amount because they have already a fascility of bitcoin bank .

Completely you are mistaken because bitcoin is digital currency, even now without banks people cannot able to able to buy bitcoin. Right now there are less bitcoin banks so it might take ages to setup banks. Because government are still in testing stage of block chain, so right now only banking system will lead the countries.

Not true. You can buy a bitcoin now in different ways. One example is our website wallet in our country where you could go to a connected convenience store and just buy it then it will be added to your wallet.
Bitcoin is created to make an option if we dont want to use the banks because of privacy and transaction fee.
So why make something that will rely on banks. That is why banks are trying to copy bitcoin.

You've not made it clear. Through website wallet you need to find the convenient store and make the purchase. At the same to fill the wallet you're supposed to depend a bank. So direct bitcoin usage as well buying with different ways is not possible. At some point you depend banks for the purchases.

[ICO INVESTOR]

it is not possible, because we need to use paper money for a long time

[Wowcoin]

I think no because many people want bank yo restore their money. Because i think bitcoin wallet is not safe the bank is more safest than bitcoin wallet. Many now i heard their wallet hacked. So bank can not disappear and many people now don't know about bitcoin.

[BitHodler]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

So what is the problem with it.Unless there is a crisis you are able to get what to own. Just imagine that you have saved all your money as digital asset and consider that there is a natural disaster ,what would you do the redeem your assets for real valued product.So we need every option and these options are good for the future.

In that case physical money is indeed a helpful option since you're not depending on internet like is the case with Bitcoin for example.

But then you'll need to have the money stored in your home as you can't depend on bank offices to be open at such scenarios. Same goes up for ATM's as they just like Bitcoin depend on internet to function.

But the point is that if you purely look at what could happen when a disaster becomes reality, then both Bitcoin and banks will suffer basically from the same problems as internet is everything.

[Xester]

May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.

That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.

I think you are right , But still the increasing the popularity of the bitcoin will result in the down of the banking system .
I mean people will use in very less amount because they have already a fascility of bitcoin bank .

Do not underestimate the banks. The reason why bitcoin is alive today and still kicking is that the banks are allowing bitcoin exchangers to avail of their system. Did you heard what happen to Venezuela the banks refuses to accept transactions from the exchanges and that caused a major problem with bitcoins. Even if bitcoins price is very high it cannot shut down the banks, the banks will just adopt to the times and will evolve.

[Bibite]

In my opinion, banks are too big to see them disappearing because of Bitcoin and they are used too much, that it is near impossible to live without banks now. In worst case for them they will start to use it in their system or at least the blockchain

[markyminer]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

yes that is correct that we are not using banks only for depositing and withdrawal of money  banks also give us so many other services and that is the reason that we cannot stop using banks, even if the number of bitcoin users increase, but it can only be possible when bitcoin can also provide us such facilities.

[Mirardowyn]

Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.

I totally agree with you and can think of a day were banks would go away. And like you said they will definitely find a way to stay.
But nothing is impossible so let's just hope that the banks won't be gone one day

[ovvidiy]

Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.

I totally agree with you and can think of a day were banks would go away. And like you said they will definitely find a way to stay.
But nothing is impossible so let's just hope that the banks won't be gone one day

Perhaps it is only our desire that the banks had been destroyed. With the lives of the banking system and economy of the countries of the world. All financial relationships between countries, citizens and companies go through banks. Even buying groceries on the cards of the bank can not do without it. Banks will continue to exist for a long time.