Can Bitcoin make Banks disappear?

[whizter]

Bitcoins can make banks disappear. We know that bitcoin value will go up and up. But we know that bitcoin will not be always stable on its highest value. We should know that bitcoin will be going popular. We must promote bitcoins to our friends.

but i am not agree with you. bitcoin is not going disappear banks and i think it is also no so easy. because the number of bitcoin users ares till under 1% and most of the people are depending on fiat therefore it is not so easy for bitcoin to disappear banks in near future. secondly banks have the support of government and they are support banks, therefore it is really very difficult.

[agamasrori]

It can never be happen that bank will disappear because of bitcoin, but bank can be possible to adopt the concept system of bitcoin in the near future.

I have different oppinion, I think bitcoin can reduce income of bank from fintech. Bitcoin transaction is more easier. So I think a lot of fintech industries will choose bitcoin. Probably if the customer of bank turn into bitcoin, bank could be dissapear one by one.

[bitart]

It can never be happen that bank will disappear because of bitcoin, but bank can be possible to adopt the concept system of bitcoin in the near future.

I have different oppinion, I think bitcoin can reduce income of bank from fintech. Bitcoin transaction is more easier. So I think a lot of fintech industries will choose bitcoin. Probably if the customer of bank turn into bitcoin, bank could be dissapear one by one.

Banks have understood that they can't just ignore fintech companies. Because of this, they're trying to cooperate with them (if you can't beat them join them) so they are searching for the best fintech ideas and they're buying them (the idea, the person or the entire fintech company). Banks has funds to work out the fintech ideas, has the customer base, to test them and the most important, the trust from the customers. Because we're talking about money (fiat or btc), without trust, the best ideas can just disappear easily. Banks has the customer base, and customers trust their banks. If the bank starts a new service, customers just don't think about he trustability of the service (because it's the bank's service) but only if the new service is useful for them or not, and if they find it useful, they will use it.
If you're a fintech company without any reference and customer base, you have to work hard, do marketing, collect customers and funds, if you have only the idea and you are short on funds.
It seems that at last banks has understood that fintech is a thing that they need to think about, so they won't disappear, but their service will be better because of these new ideas and technologies.

[jossiel]

I never thought a bank would disappear although bitcoin is found, a couple of years ago when paypal was discovered, many consider the bank transactions will drop drastically, but in reality it is not. whatever happens the bank will continue to survive.

It's hard to believe that bitcoin can make the banks disappear which is basically impossible to happen. They are already in this world centuries already.

And I don't think that people behind the bank industry will just simply let their industry destroyed by bitcoin. If it comes to that point, they will be replaced by bitcoin.

I'm sure they are not going to give up but however its far to happen.

Exactly, and bitcoin is new to many people and they have been used to traditional banking system and find it easy and convenient to use so in that case they will not switch totally to bitcoins and they will prefer to use both of them in future but they will not leave banks for sure as they have more faith in banks in compare to bitcoins.

They will not switch to bitcoin for sure because of its decentralization and its hard to be dependent in bitcoin for their business.

It can be another way of their payment services but they will not going to allow bitcoin to make their business gone.

Also the government will not allow it.

[Soul Reaper]

Bitcoins have the potential to be accepted as currency for trade and transactions globally but I don't think the would be able to make the banks disappear.
Bitcoins may work in correspondence to the banks and make the use of banking as well as bitcoins even better.
Some might think that they have the potential to make the banks disappear but as of now I ain't possible.
If it happens it would take some time.

[romero121]

I never thought a bank would disappear although bitcoin is found, a couple of years ago when paypal was discovered, many consider the bank transactions will drop drastically, but in reality it is not. whatever happens the bank will continue to survive.

It's hard to believe that bitcoin can make the banks disappear which is basically impossible to happen. They are already in this world centuries already.

And I don't think that people behind the bank industry will just simply let their industry destroyed by bitcoin. If it comes to that point, they will be replaced by bitcoin.

I'm sure they are not going to give up but however its far to happen.

Exactly, and bitcoin is new to many people and they have been used to traditional banking system and find it easy and convenient to use so in that case they will not switch totally to bitcoins and they will prefer to use both of them in future but they will not leave banks for sure as they have more faith in banks in compare to bitcoins.

They will not switch to bitcoin for sure because of its decentralization and its hard to be dependent in bitcoin for their business.

It can be another way of their payment services but they will not going to allow bitcoin to make their business gone.

Also the government will not allow it.

Bitcoin evolves as an alternate payment processor, but just because of decentralization more users prefer bitcoin than banking system. Banks won't get replaced just because of bitcoin, but the acceptance will increase when the volatility decreases in respect to time.

[shinratensei_]

It can never be happen that bank will disappear because of bitcoin, but bank can be possible to adopt the concept system of bitcoin in the near future.

Yeah, Hyper ledger it may become a thread of the bitcoin in the future, with based on the blockchain development and i think i can become a competitor for the blockchain itself.

[Liang_Kubur]

Possible, when most people turn their transactions to the bitcoin, surely this could make banks deserted and eventually disappear. We all know that the existence of the bitcoin much modify traditional transaction systems to be more easily and effectively.

[diegz]

Possible, when most people turn their transactions to the bitcoin, surely this could make banks deserted and eventually disappear. We all know that the existence of the bitcoin much modify traditional transaction systems to be more easily and effectively.

Thinking about even 1/5 of the people of the world  to use bitcoin is highly unlikely. But anyway, if lots of transaction was made into bitcoin, I think the bank is the one who is going to shift to bitcoin. Lets not forget that bank owners are clever, and they are flexible enough to meet what their customers needs.   

[Finestream]

Possible, when most people turn their transactions to the bitcoin, surely this could make banks deserted and eventually disappear. We all know that the existence of the bitcoin much modify traditional transaction systems to be more easily and effectively.

Thinking about even 1/5 of the people of the world  to use bitcoin is highly unlikely. But anyway, if lots of transaction was made into bitcoin, I think the bank is the one who is going to shift to bitcoin. Lets not forget that bank owners are clever, and they are flexible enough to meet what their customers needs.   

Banks are regulated, they cannot easily just shift to something that is not centralized. Bitcoin is decentralized by nature and that actually attracts the bitcoin enthusiast, we feel we get the privacy when using bitcoin as we can do illegal activities online easily. Like for me, gambling sites are illegal in our country but with bitcoin I can do it easily. With that, I have to say, it is not only income that bitcoin can give but entertainment as well.

Before, when I gamble, I need to fund transfer money from my bank account which I don't find it attractive as my information is so exposed with the 3 party people, and when you to expose you are at risk.

[diegz]

Possible, when most people turn their transactions to the bitcoin, surely this could make banks deserted and eventually disappear. We all know that the existence of the bitcoin much modify traditional transaction systems to be more easily and effectively.

Thinking about even 1/5 of the people of the world  to use bitcoin is highly unlikely. But anyway, if lots of transaction was made into bitcoin, I think the bank is the one who is going to shift to bitcoin. Lets not forget that bank owners are clever, and they are flexible enough to meet what their customers needs.   

Banks are regulated, they cannot easily just shift to something that is not centralized. Bitcoin is decentralized by nature and that actually attracts the bitcoin enthusiast, we feel we get the privacy when using bitcoin as we can do illegal activities online easily. Like for me, gambling sites are illegal in our country but with bitcoin I can do it easily. With that, I have to say, it is not only income that bitcoin can give but entertainment as well.

Before, when I gamble, I need to fund transfer money from my bank account which I don't find it attractive as my information is so exposed with the 3 party people, and when you to expose you are at risk.

Don't forget that exchanges holds both fiat and bitcoin. Crypto currency exchange and banks has only small difference. Some banks holds foreign currency too. So, with that, banks are capable of holding other things that has value. Besides, they too is getting more and more digital now, so probably in the near future, a bitcoin bank would really come true.

[mkmdoc]

Bitcoins can make banks disappear. We know that bitcoin value will go up and up. But we know that bitcoin will not be always stable on its highest value. We should know that bitcoin will be going popular. We must promote bitcoins to our friends.

It is not possible because once the price of bitcoin is keep increasing means government will not handle this growth.Even i don't see any relation with banks and bitcoin, bitcoin is digital currency it is not like bank. Through banks we have many option like saving, investment,RD, insurances etc. But we don't have all these features with bitcoin.

[Railholic]

its too high imagination bitcoin can make bank off operating
bitcoin has fluctuative rate , its no real currencies balance exactly
then the bank save your money with exactly balance

[Bitcoin1216]

I think it is impossible, the bank is the largest financial institution, so it is impossible if the existence of the bitcoin make banks disappear. Maybe someday there will be a bank that approved a bitcoin so that banks remain.

[ManOnTheMoon]

I think it is impossible, the bank is the largest financial institution, so it is impossible if the existence of the bitcoin make banks disappear. Maybe someday there will be a bank that approved a bitcoin so that banks remain.

Yes there is a possibility that banks may start accepting bitcoins in near future but that will make bitcoins and banks to go hand in hand and if we are thinking that banks will completely disappear then that will never happen as bitcoin is too small in compare to banks and also lacks support from the people and Government.

[Diced90]

Bitcoin has proved to be a functioning currency under its decentralized system but that won't make banks disappear as fiat depends on them to regulate the monetary policies unless we all migrate to crypto and dump fiat to make the banks vanish as their services will no longer be required.

[MONKEYJUNK]

My opinion on the matter is quite simple. Only the banks can make banks disappear by acting stupid, inconsistent and without integrity. Sadly the lies are so big that keeping their integrity can be quite difficult for them.

But disappearance of banking system aka debt system is another story. It can survive even if all the banks wouldnt.

[llanillo]

My opinion on the matter is quite simple. Only the banks can make banks disappear by acting stupid, inconsistent and without integrity. Sadly the lies are so big that keeping their integrity can be quite difficult for them.

But disappearance of banking system aka debt system is another story. It can survive even if all the banks wouldnt.

That day will never come when banks will disappear and only bitcoin would be ruling the world as it sounds unrealistic there is no way that banks can disappear in fact it will become more stronger due to arising competition in financial world and I think both will survive in long run.

[gandame]

Oh wow thats not a good idea if banks will disappear just because of bitcoin? And I tell you you're definitely wrong because banks is very important in saving fiat currency money and bitcoin really need banks rather than online wallet. Banks is more secure than online wallet so there's no reason for us to think that banks will disappear.

[coynedterm]

Oh wow thats not a good idea if banks will disappear just because of bitcoin? And I tell you you're definitely wrong because banks is very important in saving fiat currency money and bitcoin really need banks rather than online wallet. Banks is more secure than online wallet so there's no reason for us to think that banks will disappear.

yeah , You are fully right . Here every single person is only to make bank money earning . Because everyone knows  that it is only a way of making money and cannot be allow to use in any where in the world to make payment through this , because already some countries banned bitcoin directly and indirectly .
But in actual , it is more powerful than the bank system because here we have fully secured options to protect our money but it is only the rules of some country's government that's are making us to think about bitcoin doubtly .
But I am sure that in the near future the bitcoin network will chase bank network .