Can Bitcoin make Banks disappear?

[Dwelach]

I dont think banks could disappear at all thats because of the payments of people how can they pay things without a bank. Everytone holding there cash at home i dont think that will be a great idea.

[boyptc]

I dont think banks could disappear at all thats because of the payments of people how can they pay things without a bank. Everytone holding there cash at home i dont think that will be a great idea.

Bank is where our money being stored and earns for a small interest. And for those investors, they are loaning money from the bank.
Without the bank there would be no saver and loaner to all of us.
That's why bank is very important to a country. Without it , economic financial crisis is possible to happen.

[Chrismeister]

I dont think they can easily make banks disappear the biggest company's on earth owns the banks in allot of country's so if the banks goes away what do you think will happen with everyone in the world. Where is going all our cash.

[Imoote]

I dont think they can easily make banks disappear the biggest company's on earth owns the banks in allot of country's so if the banks goes away what do you think will happen with everyone in the world. Where is going all our cash.

Yes true I am not sure that bitcoin could make banks disappear because it is highly unlikely. Everyone requires banks and even countries are also to set the value, printing money, etc. Banks still needed at all and very difficult. In fact, all countries have their respective banks.

[saiha]

I dont think they can easily make banks disappear the biggest company's on earth owns the banks in allot of country's so if the banks goes away what do you think will happen with everyone in the world. Where is going all our cash.

You got it, it won't be easy for bitcoin to make the banks disappear. And the is impossible this day, it will be possible if the banks are going to accept
btc to their service and as an another currency.

[Altynbekova]

I don't think so, bitcoin will not affect the banks and every country need banks though. How about banks accepted bitcoins, so everyone happy and bitcoin and bank can stand together.

I'm also thinking about that, that banks will try to adopt the use of bitcoin and will encourage their bank depositors to use bitcoin as well. But still
banks can't be disappeared since they have a very important role in the economy.

Indeed they are way too big compared with other currency's, the fact is that  banks will never disappear people will also always be needed.

[saiha]

I don't think so, bitcoin will not affect the banks and every country need banks though. How about banks accepted bitcoins, so everyone happy and bitcoin and bank can stand together.

I'm also thinking about that, that banks will try to adopt the use of bitcoin and will encourage their bank depositors to use bitcoin as well. But still
banks can't be disappeared since they have a very important role in the economy.

Indeed they are way too big compared with other currency's, the fact is that  banks will never disappear people will also always be needed.

Since the beginning of economy's time, in the history. There is already a bank, and I don't think bitcoin will make it disappear.
As a government needs a bank to be trusted for their financial system.

[Altcoinsupporter]

It can make only banks disappear and that is bad but you have to know that you can see that there are still a lot of people that is using their own payment method.
And that have to change because you see of course that Bitcoin is becoming more popular but it wont rise also that fast.

[Ryananda]

I don't think so, bitcoin will not affect the banks and every country need banks though. How about banks accepted bitcoins, so everyone happy and bitcoin and bank can stand together.

I'm also thinking about that, that banks will try to adopt the use of bitcoin and will encourage their bank depositors to use bitcoin as well. But still
banks can't be disappeared since they have a very important role in the economy.

Indeed they are way too big compared with other currency's, the fact is that  banks will never disappear people will also always be needed.

Since the beginning of economy's time, in the history. There is already a bank, and I don't think bitcoin will make it disappear.
As a government needs a bank to be trusted for their financial system.

Absolutely banks play an important role as the country's economy and now no one country that do not have banks. Bitcoin can eliminate banks is quite impossible because between the two I think is very different and has no effect on each.

[Enotche]

Absolutely banks play an important role as the country's economy and now no one country that do not have banks. Bitcoin can eliminate banks is quite impossible because between the two I think is very different and has no effect on each.

Imagine a situation where all would enjoy only Bitcoins and stopped working with the banks, the financial institutions, would certainly have collapsed.
  On the other hand, in reality no such a scenario does not address. The banking sector are concerned primarily not Bitcoin but blokchain technology. It's no secret that banks are accustomed to constantly receive some income from the change of the owner, so imagine their functioning without such a source is not possible.

[Fofofolo]

I think banks will not disappear.
They can change or can work with bitcoins.
but they will never disappear as fiat will never disappear too.
If fiat comes to the point that has no use already,
then thats the only time that banks can disappear.
But as i have said, its impossible.

thats a good thought banks will never go away not because of the coin that is for sure. But there will be one point in life when the coin is just as big as the normal gold.

[Fofofolo]

Offcourse the bitcoin cant make bank disappear only because of the many users a bank has. Bitcoins will be big in the future but saying that they will remove the real banks no that will never happen.

[Babayega31]

Offcourse the bitcoin cant make bank disappear only because of the many users a bank has. Bitcoins will be big in the future but saying that they will remove the real banks no that will never happen.

I disagree with you i dont really believed banks will be reolaced by just bitcoin its totally hard to think if it will really happen, and if happen who will implement it?? Answer. No organization are holding bitcoin nor no government holding or even looking at it bitcoin is still unknown for many people, and it dont cross in my mind that bitcoin will conquer banks because banks have great contribution to economic aspects of the country where it originated and government will prefered to stock their money in safety vaults in bank rather than putting it in floating wallet.

[akamit]

Banks will not disappear at any cost.
Bitcoin will stay at its position and bank will at there.
Maybe someday banks/governments may invest in bitcoin..

[Sandroxa]

It can make only banks disappear if the Bitcoin is almost used by everyone and that is not the case now because there are still a lot of people that needs there bank and that is important for them.
Of course you see that Bitcoin is getting more popular and used but it will not be that popular that it can make the banks disappear.

[richardsNY]

Banks will not disappear at any cost.
Bitcoin will stay at its position and bank will at there.
Maybe someday banks/governments may invest in bitcoin..

I don't think governments will invest directly in Bitcoin as there is nothing with Bitcoin that interests them as Bitcoin stands for freedom. Governments want something where they remain their full control over the entire financial industry. Bitcoin can't offer that to them.

[tampazeus]

Banks will not disappear at any cost.
Bitcoin will stay at its position and bank will at there.
Maybe someday banks/governments may invest in bitcoin..

I don't think governments will invest directly in Bitcoin as there is nothing with Bitcoin that interests them as Bitcoin stands for freedom. Governments want something where they remain their full control over the entire financial industry. Bitcoin can't offer that to them.

Exactly and if they start supporting bitcoin then they will loose all their control on money that they are enjoying at a moment with fiat and it will end up their corrupted activities too.

[klf]

Banks will not disappear at any cost.
Bitcoin will stay at its position and bank will at there.
Maybe someday banks/governments may invest in bitcoin..

I don't think governments will invest directly in Bitcoin as there is nothing with Bitcoin that interests them as Bitcoin stands for freedom. Governments want something where they remain their full control over the entire financial industry. Bitcoin can't offer that to them.

Exactly and if they start supporting bitcoin then they will loose all their control on money that they are enjoying at a moment with fiat and it will end up their corrupted activities too.

Yes if Government support means Bitcoin will be corrupted. That is why still lot of countries not accepted and saying it's illegal currency. If it want to become famous means Bitcoin should enter online market then only it will become famous and evry one know about this crypto currency. But Bitcoin will not compete with Bank ever. Because Bank is the oldest currency saving method so people will not leave bank any more and it is safest than Bitcoin. 

[Fofofolo]

I dont think there will be any new paying method that will make banks disappear so also bitcoin wont make that happen. There will maybe in the future be bitcoin banks if he grows fast but we will see.

[jossiel]

I dont think there will be any new paying method that will make banks disappear so also bitcoin wont make that happen. There will maybe in the future be bitcoin banks if he grows fast but we will see.

I think blockchain will be also physical as banks does, and it can be the bank for bitcoins. Because it is impossible that bitcoin will make
disappear the banks in the market.
But it is possible for banks to accept bitcoin and adopt it to their service.