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avw1982
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April 19, 2016, 05:41:49 PM |
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Banks will never go anywhere, banks will never disappear, as banks are into its opeartions since ages and it enjoys huge market cap and people always need banks to transfer their bitcoin to their bank accounts.
I don't think that banks may disappear even bitcoin is on high demand. Still banks will operate at this times, but banks may operate or transact with bitcoins. |
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adomers
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Activity: 42
Merit: 0
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April 19, 2016, 09:55:46 PM |
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Banks will never go anywhere, banks will never disappear, as banks are into its opeartions since ages and it enjoys huge market cap and people always need banks to transfer their bitcoin to their bank accounts.
I don't think that banks may disappear even bitcoin is on high demand. Still banks will operate at this times, but banks may operate or transact with bitcoins. I dont think it is possible. It can only reduce the normal banks. Many people need the normal banks and that is very important. |
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fkvidar
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April 19, 2016, 10:07:32 PM |
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Banks will never go anywhere, banks will never disappear, as banks are into its opeartions since ages and it enjoys huge market cap and people always need banks to transfer their bitcoin to their bank accounts.
I don't think that banks may disappear even bitcoin is on high demand. Still banks will operate at this times, but banks may operate or transact with bitcoins. I dont think it is possible. It can only reduce the normal banks. Many people need the normal banks and that is very important. Banks are the basic necessities of a normal human being who is not aware about the digital world, he will never even use net banking services, so expecting from him to use bitcoin is something strange. |
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Hugroll
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April 19, 2016, 10:19:29 PM |
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bitcoin is a great digital currency in my opinion. but thats what limits it. real tangible bitcoins are never gonna become a thing and thats exactly what banks allow you to do. you can walk into a bank and walk out with cash. in person transactions are a lot smoother and faster than bitcoin transactions to be honest.
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Corenin
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Activity: 1008
Merit: 1000
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April 19, 2016, 11:00:49 PM |
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bitcoin is a great digital currency in my opinion. but thats what limits it. real tangible bitcoins are never gonna become a thing and thats exactly what banks allow you to do. you can walk into a bank and walk out with cash. in person transactions are a lot smoother and faster than bitcoin transactions to be honest.
Compare the life of banks with bitcon and you will get your answer, no doubt bitcoin is helping us in many ways but it don't hold that power to replace banks so easily and that's a fact. |
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bitbullbarbados
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April 20, 2016, 05:36:54 AM |
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I think Bitcoin can only replace hard currency/banks when the ease of use, security and reliability are all in place together. Humans have a tendency to mess good things up.
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vero
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April 20, 2016, 06:53:27 AM |
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I think it is possible when the bank is bankcrupt..
Correct me if im wrong? Im accepting if im wrong. But you need to correct me.
agree, banks could insolvent moreover it is a private bank even national bank could go bankrupt too we can look at the case of Greece. |
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senyorito123
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April 20, 2016, 07:45:11 AM |
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I think Bitcoin can only replace hard currency/banks when the ease of use, security and reliability are all in place together. Humans have a tendency to mess good things up.
I beg to disagree crypto cant replace bank status because it has strong foundation also controlled and have law by the government bitcoin cant never make bank dissapear because bitcoin need banks so it will b usefull. And bank is the most safest storage of money on earth than any other cloud wallet existing. |
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DuckKeeper
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April 20, 2016, 07:51:48 AM |
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No banks are too strong and also have too much power to let them disappear, I honestly think this will never happen.
Its just not possible, the banks will never let the bitcoin win.
Governments and banks will indeed never let Bitcoin come too close as that can harm their economy and way of doing business. It will never happen. I prefer to just focus on what's important, and that's seeing the adoption of Bitcoin grow and that more average joe people will start with using Bitcoin. That's much more of importance to me. It can only make it disappear if Bitcoin is really popular and that is not the case now because many people are still using their banks and that is the problem. So we actually cant talk about it now, because Bitcoin is not that popular. |
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harizen
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Merit: 1398
For support ➡️ help.bc.game
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April 20, 2016, 10:05:54 AM |
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It can only make it disappear if Bitcoin is really popular and that is not the case now because many people are still using their banks and that is the problem.
So we actually cant talk about it now, because Bitcoin is not that popular.
Just popular?? What is the best scientific and most electrifying explanation that just bitcoin will become more popular it can make banks dissappear? How about if Earl Boykins will become most popular compare Steph Curry? Do you think most people will move to Earl Boykins? |
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Imoote
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April 20, 2016, 02:58:24 PM |
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No banks are too strong and also have too much power to let them disappear, I honestly think this will never happen.
Its just not possible, the banks will never let the bitcoin win.
Governments and banks will indeed never let Bitcoin come too close as that can harm their economy and way of doing business. It will never happen. I prefer to just focus on what's important, and that's seeing the adoption of Bitcoin grow and that more average joe people will start with using Bitcoin. That's much more of importance to me. It can only make it disappear if Bitcoin is really popular and that is not the case now because many people are still using their banks and that is the problem. So we actually cant talk about it now, because Bitcoin is not that popular. I think if bitcoin popular also will not be able to make banks disappear because banks are financial institutions that are recognized by the government since the first. So I think to make the banks disappear highly unlikely and impossible. |
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Doms
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April 22, 2016, 04:47:28 AM |
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It's highly unlikely that bitcoin can cause banks to disappear altogether. What I imagine is that banks would come up with their own crypto currency or invest in bitcoins themselves. The problem with that though is that there will be regulations and there might be too many people dipping their hands into something that, in the first place, should have a life of its own.
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dhimasnk
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April 22, 2016, 06:12:43 AM |
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bank dissappear ? I guess it was not possible because the bank is an important part of the world
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Imoote
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April 22, 2016, 06:56:06 AM |
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bank dissappear ? I guess it was not possible because the bank is an important part of the world
Yes absolutely right banks will not disappear because bitcoin. Banks are financial institutions that must exist in the country and is needed by the country itself. So I do not think banks will probably disappear. |
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CryingMidget
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April 22, 2016, 07:08:55 AM |
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bank dissappear ? I guess it was not possible because the bank is an important part of the world
Most probably bank leaders are the master player and have their own strategy about it to how it will work around the whole world. We bitcoins users have to get support from the bank through ATM of the local bank so to get our transaction from bitcoins. |
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NewInCryptoCurrency
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April 22, 2016, 08:01:19 AM |
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That will only be possible if Bitcoin is more popular and more used than Dollar and that is now not the case now, as you can see you see of course that Bitcoin is getting more popular.
But the bad thing is that it is not everywhere acceptable and that must change otherwise it will be not possible to make the banks disappear.
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umaOuma
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April 22, 2016, 08:06:58 AM |
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bank dissappear ? I guess it was not possible because the bank is an important part of the world
Most probably bank leaders are the master player and have their own strategy about it to how it will work around the whole world. We bitcoins users have to get support from the bank through ATM of the local bank so to get our transaction from bitcoins. Banks will never support bitcoin, as they are enjoying the monopoly since the long time, and there will be no competitor for banks even in the future. |
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ingenuity
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April 22, 2016, 08:21:37 AM |
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Banks as WE know it may disappear, but banks generally will not disappear. Yep it cant dissappear, they may lose their customer but they will not all dissappear, Some banks maybe , but not all |
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ajun96
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April 22, 2016, 08:34:40 AM |
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bank dissappear ? I guess it was not possible because the bank is an important part of the world
bank plays an important role in a country's financial. the bank is not just a place to save money but it's more than that. all the financial processes of a country will be processed by the bank. so it will be impossible if the banks disappear and be replaced by bitcoin. I can not think until over |
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Vaskiy
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Merit: 1106
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April 22, 2016, 08:51:02 AM |
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bank dissappear ? I guess it was not possible because the bank is an important part of the world
Most probably bank leaders are the master player and have their own strategy about it to how it will work around the whole world. We bitcoins users have to get support from the bank through ATM of the local bank so to get our transaction from bitcoins. Banks will never support bitcoin, as they are enjoying the monopoly since the long time, and there will be no competitor for banks even in the future. Yeah there is no competitor for banks as banks are the countries financial supporters, not only we can save our money but all the financial matters are involved in banks. Bitcoin on the other side can hold money but no country will legally use it for financial purposes. |
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