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Author Topic: Can Bitcoin make Banks disappear?  (Read 427560 times)
Akupuniard
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April 03, 2016, 05:30:36 PM
 #1001

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.
impossible for now,but in the future we will never know that bitcoin will become better than now,and digital era make people convert all they need to more digitally,its glad to know if my son or grandchild in future still can know about bitcoin.

What future you talking about? A lot of people will stay with banks cause they don't trust to unstable thing. Better to live with tested way.

jak3
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April 03, 2016, 06:33:03 PM
 #1002

I don't think banks can get disappeared too easily it can only happen if paper currency is not popular as btc if people start using btc as much as they can then banks might be disappears if that doesn't happen then the chances are almost 0 according to me
chaosknight
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April 03, 2016, 08:50:02 PM
 #1003

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.
impossible for now,but in the future we will never know that bitcoin will become better than now,and digital era make people convert all they need to more digitally,its glad to know if my son or grandchild in future still can know about bitcoin.

What future you talking about? A lot of people will stay with banks cause they don't trust to unstable thing. Better to live with tested way.

Yeah people with continue to use banks even if bitcoin gets on the mainstream as they don't trust bitcoin and hesitate in investing their money into it as bitcoin is not stable.
arwin100
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April 04, 2016, 07:14:39 AM
 #1004

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.
impossible for now,but in the future we will never know that bitcoin will become better than now,and digital era make people convert all they need to more digitally,its glad to know if my son or grandchild in future still can know about bitcoin.

What future you talking about? A lot of people will stay with banks cause they don't trust to unstable thing. Better to live with tested way.

Yeah people with continue to use banks even if bitcoin gets on the mainstream as they don't trust bitcoin and hesitate in investing their money into it as bitcoin is not stable.

Yeah thats a big no. Bitcoin cant replace the banks because bitcoin is digital money. But i think banks will think other ways if they notice of existance of bitcoin in online world. They were surelt invest of it when they see its full potential

Alekseenko/Vlad
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April 04, 2016, 07:35:55 AM
 #1005

Don't think, bitcoin forever!!!!!
bigs21024
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April 04, 2016, 07:51:04 AM
 #1006

Don't think so banks will always be here they steal all our money!

rektDude
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April 04, 2016, 08:04:52 AM
 #1007

The chance is really small to let that happen, there are a lot of people that is still using their banks a lot and that is quite normal because they dont know how to use Bitcoin.
We all know that Bitcoin is rising in using and that is good because everything is getting more digital.
martinacar
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April 04, 2016, 08:20:50 AM
 #1008

I do not think the bitcoin can do this honestly, the banks are still to big these days and the bitcoin still to small so that is the first reason why its not possible at all.
Another reason why it won't happen is because the bitcoin itself has a good future but the fact is that people are just to dependable on the bank and they cannot step over to the bitcoin itself because of that.
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April 04, 2016, 08:31:48 AM
 #1009

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

Some time back, people said that Bitcoins will never reach $100, it reached, they thought it would never go $1000, it went way above it...
Never underestimate the power of such technology which has Microsoft using it, they must have something in mind when they chose Bitcoins...

So do you think if bitcoin will reached even at $5000 or $10,000 price, it can be a factor that it can make banks dissapear?

We are not talking about the price here. If we are only basing on the bitcoin price as a major factor to make banks dissapear, it's really non sense.

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Alekseenko/Vlad
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April 04, 2016, 08:42:59 AM
 #1010

Of course not, I am an optimist
Zaun
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April 04, 2016, 09:02:33 AM
 #1011

I do not think it can honestly because the bitcoin itself has a good future, but not so good at all, the banks are still too big these days and I think its also not gonna change in the future.
The banks are one of the most powerful things on the global globe in my eyes, it has such a lot power, it can really control all the people in the whole globe.
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April 04, 2016, 09:58:32 AM
 #1012

And in general, bitcoin and banks has different line of future. Both will give help and benefits to the current money system and obviously it will improve more in the future. I don't like to have this money system used and acquired only by bitcoin. It's really sucks. We are just killing the supposed profits here if you know what I mean.

What is the used of having only a single option if we are getting advantages to others as well?

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davinchi
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April 04, 2016, 10:05:59 AM
 #1013

It's really hard that Bitcoin makes banks disappear, because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat
But there are lot of chances that more people will use bitcoins in future. When more people for getting into bitcoin payments, the banking system will get isolated. When the true money concept of bitcoin will get into action of attracting more people, then they will start neglecting banking system.
NewInCryptoCurrency
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April 04, 2016, 02:10:33 PM
 #1014

It will be only possible when Bitcoin is really popular in using, and than you have to promote Bitcoin a lot so more people will get to know about it and that would be nice.
But it is hard to let using people Bitcoin, because some even dont know how it works or they dont trust it to use it and especially the older generation have the difficulty.
martinacar
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April 04, 2016, 02:14:20 PM
 #1015

It will be only possible when Bitcoin is really popular in using, and than you have to promote Bitcoin a lot so more people will get to know about it and that would be nice.
But it is hard to let using people Bitcoin, because some even dont know how it works or they dont trust it to use it and especially the older generation have the difficulty.

Indeed, but I think it still has  no chance against the banks at all because the banks are way to big, I think it will be the opposite, the bank will destroy the bank at the end of this story.
The bitcoin will never be so big, the fact is also that banks are more trusted for people, they are depending on it.
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April 04, 2016, 02:16:50 PM
 #1016

I think not, banks will still exist so long as they are needed as it is not strange.....possible cooperation with bitcoin
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April 04, 2016, 02:42:23 PM
Last edit: May 30, 2017, 11:51:01 PM by arbitrage001
 #1017

.
joinal
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April 04, 2016, 03:04:53 PM
 #1018

I think not, banks will still exist so long as they are needed as it is not strange.....possible cooperation with bitcoin
bank is the safest place to store for everyone on earth, and the bank in support by fiat, so if bitcoin cannot replace fiat,
of course they will not be able to make banks be disappearing
besides it, I also doubt bitcoin can beat and replace fiat

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April 04, 2016, 03:13:56 PM
 #1019

Bitcoin users are over estimating the power of btc.

How possibly can btc make bank disappear? Btc is an alternative currency, bank is still bank.


True. Too many people here are not realistic anymore. Making bitcoin so better than other currency. Yes it is good but therw are some fall backs too including the bad side of it.

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April 04, 2016, 04:49:29 PM
 #1020

It's not easy that Bitcoin make banks disappear because already banking services is used everywhere and needed even to convert and trade Bitcoin itself
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