Can Bitcoin make Banks disappear?

[musharaf]

My answer is no banks can’t be disappear. Banking industry in playing very important role in today economy. Bitcoin is money and it can traded and used through banks. In the present time people can use banks for their business transactions many big companies have taken loans from banks. Bitcoin has it’s own importance but it is not said that it will disappear banks. Through banks we can deal in bitcoin with many countries.

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[Blondy12]

i think so. when the time comes that people will fully understand bitcoins and for what benefits and how big the profit will in investing and trading bitcoins the definitely people would rather patronize bitcoins and saving assets to the bank.

[bigmaster23]

This could be possible imagine lot of stocks of btc are get the price of btc would be high that not just an ordinary people can buy but only with a high power person can, its possile but we're long dead gone before that happen.

[megynacuna]

Banks would only disappear if Bitcoin become mainstream and was the primary currency. I don't see that happening.

 At least not in the near future but it's possible it can become the mainstream currency worldwide some day due to the overwhelming acceptance and investment in bitcoin every day by people from all walks of life.

[bitcub]

The topic is just a wrong accusation to Bitcoin. BTC is not created to eliminate banks, but to make private, secure and fast transactions. You mean If I am going to ask money from my parents, I should always put the transaction thru Bank? Do we need to tax every transaction? I guess we have the right to choose between BTC or Bank in a case to case basis.

[Yamifoud]

It is impossible to make Banks disappear by Bitcoin. The money involve in banks the trust created by bank with people cant even shake it. One thing can happen Bitcoin may be in near future accepted by all banks for transaction.

Because not all of us are using digital currencies, banks still gives services to the people that aren't in cryto. I know that banks will make some innovations towards digital currencies and start accepting this. Even bitcoin holders needed banks as a medium of some transactions especially in converting btc into fiat money.

[Domenc]

No, Banks are much more powerful than Bitcoin and no matter what how Hard Bitcoin becomes powerful it cannot replace Banks. Banks user outnumber Bitcoin users and the investors and leaders of Banks will not simply move out of the field. they will try every possible method so that Bitcoin diminishes and Banks shines again. And  i think they will try any method to do that no matter it is ethical or not.

[upsidedown75]

My answer is no banks can’t be disappear. Banking industry in playing very important role in today economy. Bitcoin is money and it can traded and used through banks. In the present time people can use banks for their business transactions many big companies have taken loans from banks. Bitcoin has it’s own importance but it is not said that it will disappear banks. Through banks we can deal in bitcoin with many countries.

It is bit difficult for bitcoin to fulfill the purpose of banks as we all know that banks are the main center where a common man can get loan to continues his living way, maybe in coming future this will happen that people relay more n bitcoin as compared to banks and that time will be good because everyone will prefer bitcoin because of its profit and its blessing and maybe banks will also start accepting bitcoin.

[rumexx]

I do not think conventional banks will disappear because of BTC. The Banks will evolve and key in  to Blockchain technology so as to remain relevance.

[patimahsunda]

I think for now can not. because banks manage all the finances of a country. if legal bitcoins in each country are likely to occur. just my opinion.

[tittensor]

My answer is no banks can’t be disappear. Banking industry in playing very important role in today economy. Bitcoin is money and it can traded and used through banks. In the present time people can use banks for their business transactions many big companies have taken loans from banks. Bitcoin has it’s own importance but it is not said that it will disappear banks. Through banks we can deal in bitcoin with many countries.

It is bit difficult for bitcoin to fulfill the purpose of banks as we all know that banks are the main center where a common man can get loan to continues his living way, maybe in coming future this will happen that people relay more n bitcoin as compared to banks and that time will be good because everyone will prefer bitcoin because of its profit and its blessing and maybe banks will also start accepting bitcoin.

Maybe, you do not know the reason make the price of Bitcoin can grow fastly as recently. Because Bitcoin is still small market, so it can controlled my panic seller easily and no one can fixed its price as Dollar or Gold. But when Bitcoin become famous and popular, it means the price of Bitcoin also be fixed like Gold and Dollar -> be stability.

[jimn]

No Bitcoin can't make banks disappear, because most people still use and need banks in their offline and online transactions and deals.
Bitcoin is not yet so popular, so we need to wait and keep supporting it for a better future.

[osasshem]

No matter how long bitcoin will stay, bitcoin cannot make banks disappear and banks too will not allow bitcoin to take preeminence over them. So, what I think is, banks will figure a way out for them to work hand in hand.

[megynacuna]

No matter how long bitcoin will stay, bitcoin cannot make banks disappear and banks too will not allow bitcoin to take preeminence over them. So, what I think is, banks will figure a way out for them to work hand in hand.

It's the best possible thing I see happening in the future, both currencies(banks fiat and Bitcoin /cryptocurrencies) complementing each other's strength and weaknesses. I believe they can coexist and bring out the best to our finances globally.

[soy]

Yes and no, we'll always need bankers to manage our money. Even if they have to be specialized in cryptomoney. On the other hand, we must not lose sight of the fact that the banks could, if they so wished, unite to buy back all the bitcoins and thus abort the project... Even if the bitcoin now has a strong capitalization, we must keep in mind that it is nothing compared to the power of several merged banks...

[Gunpaycity]

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...

I am not sure the bank will disappear because the most secure bank where to save money and have big funds, bitcoin will be difficult to trade without the help of banks even banks will grow when bitcoin also higher price

[nskendrovic]

Most definitely Bitcoin can make Banks disappear because BTC's aim is to make middleman obsolete and that is just what BTC is doing. It is just a matter of time now before they die off.

[Japinat]

Most definitely Bitcoin can make Banks disappear because BTC's aim is to make middleman obsolete and that is just what BTC is doing. It is just a matter of time now before they die off.

If that will happen it will take a lot of time because the government will fight for it and they will make sure the centralized system will always be followed because they want to remain in power. With bitcoin and everything will be decentralized it's good for us since we can achieve the real transparency, however there are people who are fighting not for the interest of the people but their personal interest.

[selectaselectine]

Through time, I guess banks will never disappear. Maybe things will go on differently but the idea of banks disappearing is like it just can't.

[Zubayer]

In future it will be happening if bitcoin makes them popular and change the currency. Without some especial steps bitcoin can't do this, because it is not so easy to make disappear banks with bitcoin.