Can Bitcoin make Banks disappear?

[Doamader]

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

It should not disappear because we need banks for bitcoin to exchange  and banks are still more safe area to save our money unlike bitcoin that you are saving your money in online that you dont know it will stay long or not.. so bitcoin will be still stay and we need this banks for loans and savings..

But I think if bitcoin gets widely used and accepted in future then we don't need banks anymore as we can buy anything directly using bitcoin without converting to fiat, and it will reduce the customers of banks for sure.

Bitcoin can handle several transactions online, but in the end  banks does provide some service that bitcoin wont be able to provide loans are the only thing that will keep banks being the only companies that does controls fiat. And there are several people that wont join crypto world doesnt matter how good it might be they wont join neither use.

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[jerowacik]

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

it is an interesting collaboration. maybe even someday Bitcoin can be stored in a conventional BANK. it is one thing that must be realized. BANK's financial system and bitcoin will increase.

[diodio5]

We don't really need to feel anxious about it because bitcoin and banks will get well together other than make each other collapse. You know. Both of them are important things and do different things.

true what you say that bitcoin and the bank are two different things, both of them will not be able to overthrow each other and I think even the two could work together, it can only happen if the government is willing to accept bitcoin?

[JeffBrad12]

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

It should not disappear because we need banks for bitcoin to exchange  and banks are still more safe area to save our money unlike bitcoin that you are saving your money in online that you dont know it will stay long or not.. so bitcoin will be still stay and we need this banks for loans and savings..

But I think if bitcoin gets widely used and accepted in future then we don't need banks anymore as we can buy anything directly using bitcoin without converting to fiat, and it will reduce the customers of banks for sure.

Until there are an atm for withdrawal bitcoin into the fiat directly without using the bank service for this that's will happen, the bank will disappear in the future. but the bitcoin is already giving threaten to the bank according in some countries bitcoin are get a ban caused by the central bank are worried if bitcoin will spreading and making a lot of the bank service will bankrupt.

[goinmerry]

We should not pushed this idea or it might go the other way and bitcoin will be the one who will be banished by banks or ban them in their industry. There are just number of banks in one country, they can easily talk about it and maybe come to a decision to take it off from them. Other banks are already offering exchanges and they can close it easily which will affect some user

[milewilda]

We don't really need to feel anxious about it because bitcoin and banks will get well together other than make each other collapse. You know. Both of them are important things and do different things.

true what you say that bitcoin and the bank are two different things, both of them will not be able to overthrow each other and I think even the two could work together, it can only happen if the government is willing to accept bitcoin?

Exactly those both are going to be good and important things and there is no reason that bitcoin are going to make banks disappear and the banks are going to make bitcoins disappear. Even though there is a threat for both parties. But if we are going to see it as a good partnership, that two is going to be a very good type of business partners.

Partnership on bitcoin and  banks would  be  an impossible thing for sure  because  government would  tend to control bitcoin but as we all know bitcoin cant be controlled  by anyone thats why  government would not  agree on this  because they  have  no control and  they dont want  a thing  that  cant be  controlled.

[croutonhexagon]

No, both have importance in our financial life and we need both the system. Banks are meant for traditional paper currency and bitcoin us for all digital purpose. And bitcoin and bank have connection that bitcoin could make banks disappear. But after few decades banks could adopt bitcoin system for transaction and processing of money transfer. Then the banking system would become much secure.

[Shiroslullaby]

No.
Sorry to sound like some Illuminati conspiracy nutjob,
but you are crazy if you think the people that actually control the world would let Bitcoin make a dent in the financial system.

Ask Muammar Gaddafi what happened the last time a world leader tried to stand up to the established banking system.
(You can't because we bombed his country into the dirt, killed him and dragged his body through the street...)
http://www.finalcall.com/artman/publish/World_News_3/article_7886.shtml

[arcanaaerobics]

No.
Sorry to sound like some Illuminati conspiracy nutjob,
but you are crazy if you think the people that actually control the world would let Bitcoin make a dent in the financial system.

Ask Muammar Gaddafi what happened the last time a world leader tried to stand up to the established banking system.
(You can't because we bombed his country into the dirt, killed him and dragged his body through the street...)
http://www.finalcall.com/artman/publish/World_News_3/article_7886.shtml

Bitcoin have 10 billion marketcap, some banks have it in the safe box 

More easily to banks make bitcoin disappear than any other thing, btw banks will start to use the blockchain soon, hope it can bring more attention to bitcoin and raise the price...

[bamboylee]

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

It should not disappear because we need banks for bitcoin to exchange  and banks are still more safe area to save our money unlike bitcoin that you are saving your money in online that you dont know it will stay long or not.. so bitcoin will be still stay and we need this banks for loans and savings..

But I think if bitcoin gets widely used and accepted in future then we don't need banks anymore as we can buy anything directly using bitcoin without converting to fiat, and it will reduce the customers of banks for sure.

Bitcoin can handle several transactions online, but in the end  banks does provide some service that bitcoin wont be able to provide loans are the only thing that will keep banks being the only companies that does controls fiat. And there are several people that wont join crypto world doesnt matter how good it might be they wont join neither use.

I think the banks will go bankrupt because of those loans that they are giving out. It may not be that bitcoin will make them disappear but they will be ruined by their own actions.

[gcoffie7]

Hello I think am new to this forum but my opinion on this issue is that banks are beginning scared of the new system coming hope very are panic about bitcoin.. ;Cheer's.

[Piltover]

No I do not think that the bitcoin can let banks disappear to be honest, the banks are way too big and they can even let the bitcoin disappear at the end.

[enhu]

Banks won't go anywhere. but i do hope they go along with the trend and will one day create their own blockchain. This will make it easy for the people to move money from one coin to another. it may happen or it may not but sure they are not going to disappear.

[jossiel]

No I do not think that the bitcoin can let banks disappear to be honest, the banks are way too big and they can even let the bitcoin disappear at the end.

Me too I don't think that the banks are going to be disappear because of bitcoins because banks ally is the government of the country.

And since bitcoin doesn't have an ally with the government of a country unless it is going to be adopted and going to be covered by the law.

Then still it won't make banks disappear but instead it will make the banks to adopt them.

[Caladonian]

Banks won't go anywhere. but i do hope they go along with the trend and will one day create their own blockchain. This will make it easy for the people to move money from one coin to another. it may happen or it may not but sure they are not going to disappear.

well bank is  traditional so government will keep using that process so expect it won change that fast hopefully but not easy.

[drwtsn32]

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

it is an interesting collaboration. maybe even someday Bitcoin can be stored in a conventional BANK. it is one thing that must be realized. BANK's financial system and bitcoin will increase.

Take note that it is not only USD that the banks store but every other popular currencies as well.
We may as well hope for bitcoin to be integrated in the banks. That would be awesome and beautiful and helpful.

[moonya]

Banks won't go anywhere. but i do hope they go along with the trend and will one day create their own blockchain. This will make it easy for the people to move money from one coin to another. it may happen or it may not but sure they are not going to disappear.

well bank is  traditional so government will keep using that process so expect it won change that fast hopefully but not easy.

I do not believe in the collapse of the banks. It is such a system, which was created more than a decade, so the banks know how to protect themselves from the circumstances that priberut their impact on the financial sector of the world economy.

[South Park]

No bitcoin can't make bank disappear because both are different thing and our old guys will never use bitcoin because they will think bitcoin something else. And due to generation gap they will not accept bitcoin.

I tend to agree with you, but old people don't trust banks and are saving everything as cash money in their house. Bitcoin can offer them the perfect store of value tool where they have nothing to do with banks and governments. Not that these people will trust Bitcoin at first, or see an added value to it, but eventually they might change their mind as storing cash money at home is very dangerous.

Old people for the most part don’t trust banks, what does that tell you, that with experience they have learned that lesson, no one should trust banks at all, not middle aged people, the young or kids.

[requester]

No both serves different purpose and bitcoin can't make bank disappear because old guys depends totally on bank for financial matter but icky some of the teens like me depends on bitcoin for earning so we 1 and 2 people can't make the change. Even bitcoin is not accepted by all government and for transaction to those countries will need bank transfer.

[kia78VE]

bitcoin's currently no nothing compared with the bank. the bank has many functions that are not owned bitcoin, in addition to the bank's security is the best in the world.