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Author Topic: Can Bitcoin make Banks disappear?  (Read 427560 times)
Imoote
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March 01, 2016, 02:07:00 AM
 #561

I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it
I think as well as any later bitcoin still will not be able to make the banks disappear, and banks will never disappear because of the financial resources of the country. Bitcoin can not affect the banks because they are different.
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March 01, 2016, 04:42:45 AM
 #562

I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it

That is true... we still need banks and fiat, we are relying on it when we need to use our bitcoin.. we still need to see more stores that accept it to make bitcoin function like what fiat can do..
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March 01, 2016, 05:00:17 AM
 #563

I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it
true. because everyone still using fiat money in the deal. certainly the bank will be needed for the management of their money
john2231
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March 01, 2016, 06:43:44 AM
 #564

I think there's no reason that bank will disappear because of bitcoin.. bank is always safe than bitcoin.. bitcoin is for online money and banks are our local vault that we can securely save our money via banks. bitcoin has no stable price so that bitcoin is not the best option to save our money..
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March 01, 2016, 07:36:56 AM
 #565

I think there's no reason that bank will disappear because of bitcoin.. bank is always safe than bitcoin.. bitcoin is for online money and banks are our local vault that we can securely save our money via banks. bitcoin has no stable price so that bitcoin is not the best option to save our money..

Banks are not safer than Bitcoin. Especially due to the fact that you don't own your money and don't know if certain ego-bankers are taking huge risks with it on the financial markets. Beside that, everything nowadays is becomming more digital. People aren't really dealing that much with physical fiat money anymore as they used to do a few years back. They just use their plastic cards or their smartphone to pay for stuff.
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March 01, 2016, 08:05:38 AM
 #566

I dont think that will happen. People need also their banks for back up or something. And to save their normal money. Dollar is more popular than Bitcoin.
And many people doesnt even know what Bitcoin is so that would be difficult if you want to make the banks disappear.
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March 01, 2016, 08:40:19 AM
 #567

I dont think that will happen. People need also their banks for back up or something. And to save their normal money. Dollar is more popular than Bitcoin.
And many people doesnt even know what Bitcoin is so that would be difficult if you want to make the banks disappear.

I have the same thinking. We need bank to do something that exchanges do not provide. We would like to borrow bitcoin from banks.
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March 01, 2016, 10:24:52 AM
 #568

I think there's no reason that bank will disappear because of bitcoin.. bank is always safe than bitcoin.. bitcoin is for online money and banks are our local vault that we can securely save our money via banks. bitcoin has no stable price so that bitcoin is not the best option to save our money..

Banks are not safer than Bitcoin. Especially due to the fact that you don't own your money and don't know if certain ego-bankers are taking huge risks with it on the financial markets. Beside that, everything nowadays is becomming more digital. People aren't really dealing that much with physical fiat money anymore as they used to do a few years back. They just use their plastic cards or their smartphone to pay for stuff.
Indeed Bitcoin is very safe and that is very good. But some people doesnt even trust Bitcoin, but that is because they never use it.
And that is bad. Many people must try out Bitcoin and see the good things of it. It works namely very well and that is good.


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March 01, 2016, 11:48:00 AM
 #569

Can Bitcoin make Banks dissappear?

It's clearly not happened I swear. The people behind bitcoin created this kind of crytocurrency not to replace and eliminates banks.

Without doubt, banks today are really a useful one why other countrirs has the ability to buy, sell and convert their bitcoin to fiat.

Here in my country, without banks services, I really found it hard to convert our bitcoin to fiat even there's a lot of option.

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ajun96
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March 01, 2016, 01:13:30 PM
 #570

I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it
Well, because at this time. fiat currencies still be used by the whole world. thats why the bank will always be used. different if. bitcoin have spread all over the world, certainly a lot of people will use bitcoin wallet, not the bank
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March 01, 2016, 01:14:53 PM
 #571

I think bitcoin and fiat can both co-exist together, with bitcoin covering the physical trades and bitcoin used in online transactions.
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March 01, 2016, 01:38:09 PM
 #572

come to think of bitcoin have the same functionality as the money, if the bank does not mean bitcoin make it, there is no longer a function of money in this world, as well as bitcoin. because bitcoin will definitely be exchanged for money to buy something in the real world
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March 01, 2016, 01:41:52 PM
 #573

I dont think that will happen. People need also their banks for back up or something. And to save their normal money. Dollar is more popular than Bitcoin.
And many people doesnt even know what Bitcoin is so that would be difficult if you want to make the banks disappear.

I have the same thinking. We need bank to do something that exchanges do not provide. We would like to borrow bitcoin from banks.

Your wish seems like giving the control of bitcoin to the banking corporates. If your wish comes true we won't get most of the benefits of bitcoin, that we experiencing at present.

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March 01, 2016, 02:01:55 PM
 #574

come to think of bitcoin have the same functionality as the money, if the bank does not mean bitcoin make it, there is no longer a function of money in this world, as well as bitcoin. because bitcoin will definitely be exchanged for money to buy something in the real world
Of course it cant make it disappear. Why do you think that. Many people doesnt even know what Bitcoin is so that is already a huge problem.
Maybe it can be later happen. But not now around this time. It is not that popular now.   
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March 01, 2016, 03:00:02 PM
 #575

I don't think that Bitcoin is needing to make Banks disappear, Bitcoin can conquer the world and become the first global used currency worldwide without having to make banks disappear , if this happen i think very few number of people will stay with banking services and it will disappear normally with time
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March 01, 2016, 03:25:15 PM
 #576

I don't think that Bitcoin is needing to make Banks disappear, Bitcoin can conquer the world and become the first global used currency worldwide without having to make banks disappear , if this happen i think very few number of people will stay with banking services and it will disappear normally with time

I think so too, because till now we need the banking services to promote better the Bitcoin and convince more people to support it as we can convert it into fiat easily
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March 01, 2016, 03:33:12 PM
 #577

I don't think that Bitcoin is needing to make Banks disappear, Bitcoin can conquer the world and become the first global used currency worldwide without having to make banks disappear , if this happen i think very few number of people will stay with banking services and it will disappear normally with time

I think so too, because till now we need the banking services to promote better the Bitcoin and convince more people to support it as we can convert it into fiat easily
I think we can make bank disappear  but it will take some time of course but its possible for sure, the bitcoin time will come for sure.
Its just a matter of time before more people will use the bitcoin and believe in it, I think in a few years its possible for sure.


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March 01, 2016, 03:48:01 PM
 #578

Can Bitcoin make Banks dissappear?

It's clearly not happened I swear. The people behind bitcoin created this kind of crytocurrency not to replace and eliminates banks.

Without doubt, banks today are really a useful one why other countrirs has the ability to buy, sell and convert their bitcoin to fiat.

Here in my country, without banks services, I really found it hard to convert our bitcoin to fiat even there's a lot of option.
yeah because initially the creator of bitcoin. make bitcoin as an option on the currency. not to replace.

but did not rule out the possibility. if we do not need to convert it to a fiat. because bitcoin is already widely accepted by many merchants. so you can immediately use it without the help of banks?
it could happen
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March 01, 2016, 05:48:11 PM
 #579

I think Bitcoin's can't make the banks disappear at least in our nearest future, because banks are having already a very big community using and supporting it's services till now. But in time it's possible that Bitcoin will be used more than banks
Yes in actual its true but actually why would we want bitcoins to disappear banks ? Both can run because none of them influence the other in any manner. I think the best way is bitcoins to store money though Wink
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March 01, 2016, 06:14:08 PM
 #580

I think Bitcoin's can't make the banks disappear at least in our nearest future, because banks are having already a very big community using and supporting it's services till now. But in time it's possible that Bitcoin will be used more than banks
Yes in actual its true but actually why would we want bitcoins to disappear banks ? Both can run because none of them influence the other in any manner. I think the best way is bitcoins to store money though Wink

True, and there are some people who even talk of Bitcoin banks, I mean where people would like to save their coins to get interest on it...
Not a good idea TBH, but still, if both can run in a parallel manner, that would be all okay...

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