Can Bitcoin make Banks disappear?

[bravehearth0319]

Banks will not disappear, It is because in the near future all banks will adopt the system of Bitcoins like what's happening now in the other banks. Nad I don't see any conflict if they adopt it.

[romero121]

i dont think so.... banks are important part of the society, bitcoin at least for my country is unknown

Banks are really needed in a government. And it is not going to disappear. Because it is one of the sectors that makes an economy profitable.
And I don't think the government is going to allow this to happen because it is really a matter of importance.
And no one is going to control the flow of money.

Yes bank is one the key of economy sector and if bank not under control by government should make all investor scared to invest in one country, i've think this is a problem we never get big investor want to invest their money in bitcoin.

Yeah right bank financial influence in the government system and determine the progress of a country. Banks are not going to disappear, and it was not possible. Although bitcoin also developed I believe banks will certainly also continue to grow so that it will continue to experience growth.

yes i am agree with you. i also think that banks will become more strong when they will accept bitcoin. because people will start trading and exchange through banks. so bank will receive mark up from these transaction.

Yeah, that's true. At the same time bitcoin losses its unique decentralized nature. Banking sectors try to take control over the bitcoin, which eventually makes users to get out of it. To avoid such situation bitcoin needs to function independently.

[Capradina]

Banks will not disappear, It is because in the near future all banks will adopt the system of Bitcoins like what's happening now in the other banks. Nad I don't see any conflict if they adopt it.

Yes, because the bank is central to the control of the financial system in all countries. So it will be quite impossible to do. It is possible that the system will be adopted for bitcoin Bank, because the system is very efficient and and bitcoin. However I think the Bank will still impose costs that are the same as now

[virasisog]

Banks will not disappear, It is because in the near future all banks will adopt the system of Bitcoins like what's happening now in the other banks. Nad I don't see any conflict if they adopt it.

Yes, because the bank is central to the control of the financial system in all countries. So it will be quite impossible to do. It is possible that the system will be adopted for bitcoin Bank, because the system is very efficient and and bitcoin. However I think the Bank will still impose costs that are the same as now

That is right. If the banks adopt the bitcoin, it will cut their cost quite a lot and they can make more profits.

[YTBitcoin]

Banks will not disappear, It is because in the near future all banks will adopt the system of Bitcoins like what's happening now in the other banks. Nad I don't see any conflict if they adopt it.

Yes, because the bank is central to the control of the financial system in all countries. So it will be quite impossible to do. It is possible that the system will be adopted for bitcoin Bank, because the system is very efficient and and bitcoin. However I think the Bank will still impose costs that are the same as now

That is right. If the banks adopt the bitcoin, it will cut their cost quite a lot and they can make more profits.

right, banks need profit in order to pay for their expenditures and to pay to the employers so they will impose some bigger fees on bitcoin if they adopt bitcoin, but I think if they start their wallets then they will earn some profit just as earning other wallet owners.

[PeRo]

Bitcoin could make Banks disappear only if it would spread globally and be a global currency which would be used in every single country in the world if you mean disappear everywhere. But that will unfortunately never happen and probably, if it happened, someone would make Bitcoin banks so it would be all the same again.

[Omegasun]

I dont think so. Banks are the main foundation of our currency that we use now. It is impossible for them to disappear. Maybe in the future, banks is also accepting btc to be deposit.

[Cresciuanto]

I dont think so. Banks are the main foundation of our currency that we use now. It is impossible for them to disappear. Maybe in the future, banks is also accepting btc to be deposit.

yes i am agree with you that not a sing currency can make banks disappear.i think it will even make bitcoin more stronger. because people will use banks to withdraw. and that will be in their favour.

[Digitalbitcoin]

No bank will never make disappear by bitcoin.

There are many reasons but main reason is fiat currency is main equity of rolling local market in each and every country. So bitcoin have certain level to use. And in future its not will be possible to make little transactions as halving will go on price of transaction will be higher.

But we also have to consider that we evaluate any lowest price good in bitcoin as bitcoin can be divide in units of satoshi.

[pearnapple]

I dont think so. Banks are the main foundation of our currency that we use now. It is impossible for them to disappear. Maybe in the future, banks is also accepting btc to be deposit.

well yeah, banks play a huge role in our life i think and it is vital to have them right now though in the future i think that things might change and we might see bitcoin taking over

[dotajhay]

maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

[Mr. Big]

maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

That's not true, banks will never disappear just because of the popularity of bitcoin and ease of use..Bank is not just getting money from you, better have knowledge about banks first before you say that... If you are depositing in the banks, you agreed in the terms and conditions and it is stated in there, the reason why..

[8Habits]

I dont think so. Banks are the main foundation of our currency that we use now. It is impossible for them to disappear. Maybe in the future, banks is also accepting btc to be deposit.

I totally agree with this.. Giving the fact that bitcoin has it's limits of production in near future while fiat money of each country can be limitless according to the growth of the economy. The near to fact would be that the banks will have chances of adopting bitcoin in their services than the former will disappear.

[danherbias07]

maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

That's not true, banks will never disappear just because of the popularity of bitcoin and ease of use..Bank is not just getting money from you, better have knowledge about banks first before you say that... If you are depositing in the banks, you agreed in the terms and conditions and it is stated in there, the reason why..

That is rigjt, and more reason is loan. We know that we cant make loan just everywhere here. Plus without this community loans are impossible. Banks can do that and you just have to go to their place and fill up some form.

[Strongkored]

maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

Yes I agree if the bank can indeed lost its popularity because bitcoin. I think we could have reduced the value of money in bitcoin, for example if the price of bitcoin down the value of our money is going down but its bitcoin number will remain the same, right?
So the conclusion bitcoin and banks have advantages and disadvantages of each, but I think the bank will not disappear as long as we are still using the fiat: D

[drwtsn32]

Don't you think that banks have nothing to do with Bitcoin?
Banks will get abolished but Bitcoin will not. Because the owners are us.

[Kotone]

If this Currency will be introduced to all of the people, its possible that this Currency can make Banks disappear. Why ? Because as we know, the bank for bitcoin is online. But it depends on what the society will do. If they will accept it as an international currency or not. But this will take years or decades before this currency can make Banks Disappear. But there are pro's and con's if this will make it possible. This currency can be easily robbed because that's only an account. If they will know your account then all of your earnings will be robbed. But the pro for this is its light and fast. Just a swipe of your card and poof, you can now buy groceries, things and pay some bills and services.

[Ryananda]

maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

Yes I agree if the bank can indeed lost its popularity because bitcoin. I think we could have reduced the value of money in bitcoin, for example if the price of bitcoin down the value of our money is going down but its bitcoin number will remain the same, right?
So the conclusion bitcoin and banks have advantages and disadvantages of each, but I think the bank will not disappear as long as we are still using the fiat: D

Not even if the price of bitcoin down it does not affect the price of money in reality. If the price of bitcoin dropped it because of fluctuations and at a very reasonable bitcoin if fluctuate. Banks will not lose its popularity because it would always be updated. Banks will not be made disappear by bitcoin.

[Anon_7716]

I dont think so. Banks are the main foundation of our currency that we use now. It is impossible for them to disappear. Maybe in the future, banks is also accepting btc to be deposit.

True, the Bank is the main foundation for the release of any money that we now use. It will be a big problem if the Bank eliminates. Because without a bank we can not Exchange existing currency and could not get a details about the money we use, not only that money without a bank that we use will be useless.

[CoinFoxs]

Bitcoin could make Banks disappear only if it would spread globally and be a global currency which would be used in every single country in the world if you mean disappear everywhere. But that will unfortunately never happen and probably, if it happened, someone would make Bitcoin banks so it would be all the same again.

Bitcoin is becoming popular in the world but i think it will not accepted as a global currency because it is not as much strong to disappear other currency and become global currency.