Can Bitcoin make Banks disappear?

[The_Dark_Knight]

May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.

That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.

I think you are right , But still the increasing the popularity of the bitcoin will result in the down of the banking system .
I mean people will use in very less amount because they have already a fascility of bitcoin bank .

I think you're wrong, and that is an absolutely wrong thinking. Whether Bitcoin developer, but the real money is always the most important thing, it is a factor to determine the value of Bitcoin, or in other words it is a factor to determine the value of Bitcoin. Bitcoins can be confirmed depending on real money. banks can not disappear

This is wrong, if bitcoin became the most dominant currency, doubtful but it is still a possibility, then things will be priced in bitcoins instead of being priced on dollars or euros.

[Supebox]

I personally don't think that this will happen because the Bitcoin isn't capable of doing this.
And the banks won't let the Bitcoin make them disappear, they will find a way to fight against the Bitcoin

[Botnake]

I personally don't think that this will happen because the Bitcoin isn't capable of doing this.
And the banks won't let the Bitcoin make them disappear, they will find a way to fight against the Bitcoin

Banks are controlled by the government and the government can do anything to eliminate they wouldn't want to exist. Bitcoin is still existing because it is not a pure threat that will replace the banking system and we know that we can do banking with bitcoin without the need of bank but what we believe is not right because in the end, we still have to convert our bitcoins to fiat to get its value.

[bettercrypto]

May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.

That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.

I think you are right , But still the increasing the popularity of the bitcoin will result in the down of the banking system .
I mean people will use in very less amount because they have already a fascility of bitcoin bank .

I think you're wrong, and that is an absolutely wrong thinking. Whether Bitcoin developer, but the real money is always the most important thing, it is a factor to determine the value of Bitcoin, or in other words it is a factor to determine the value of Bitcoin. Bitcoins can be confirmed depending on real money. banks can not disappear

This is wrong, if bitcoin became the most dominant currency, doubtful but it is still a possibility, then things will be priced in bitcoins instead of being priced on dollars or euros.

I doubt that, Bitcoin is sentenced already to be an alternative currency.  Items will be priced according to the local and international currency that is either tha main currency of a country or the accepted main international currency.  Bitcoin price always depend on the conversion of that item to main internationa currency,  for example USD for now.


Banks will always stay besides they are the  institution that most benefit from the blockchain technology of Bitcoin.

[rickadone]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

yes that is correct that we are not using banks only for depositing and withdrawal of money  banks also give us so many other services and that is the reason that we cannot stop using banks, even if the number of bitcoin users increase, but it can only be possible when bitcoin can also provide us such facilities.

The banks are the important for fiat and no one can able to replace them  but nothing is impossible and we can only predict about the future. If bitcoin makes such law like a bank and it will become so, popular to accept everywhere and in every country than I think it may happen but fait money has its own importance and I think non of the cryptocurrency have enough power to replace fait money and bank as well.

[eduaro66]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

yes that is correct that we are not using banks only for depositing and withdrawal of money  banks also give us so many other services and that is the reason that we cannot stop using banks, even if the number of bitcoin users increase, but it can only be possible when bitcoin can also provide us such facilities.

The banks are the important for fiat and no one can able to replace them  but nothing is impossible and we can only predict about the future. If bitcoin makes such law like a bank and it will become so, popular to accept everywhere and in every country than I think it may happen but fait money has its own importance and I think non of the cryptocurrency have enough power to replace fait money and bank as well.

If cryptocurrency when then replace the real money, then do not do without the controlling bank. This bitcoin will lose some of their interesting advantages, which are useful for the user. But it's very difficult to imagine that the government approved the bitcoin as the national currency in which either country.

[South Park]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

yes that is correct that we are not using banks only for depositing and withdrawal of money  banks also give us so many other services and that is the reason that we cannot stop using banks, even if the number of bitcoin users increase, but it can only be possible when bitcoin can also provide us such facilities.

As bitcoin gains popularity we can expect the banks to try to retaliate by offering more cheaper and better services that could be a problem for bitcoin since banks can afford to offer services even if they have to take a loss to do it to slow the growth of bitcoin.

[ophyrim]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

I think the banking system will be always in our life. They can change. They can be adapted themselves to the bitcoin. But they will never disappear. The whole world economy is based on them.

[bncbnc]

I personally don't think that this will happen because the Bitcoin isn't capable of doing this.
And the banks won't let the Bitcoin make them disappear, they will find a way to fight against the Bitcoin

It's hard to let bitcoin take over the banking services. There will be always the separation of services, bitcoin is good for being its own bank and has its blockchain technology. But still in real life we do need the services of bank even we are into bitcoin. But with this, it's kind of impossible thing to see this for the next years.

yes currently it is difficult to believe that banks will disappear banks but in future it can be possible when all the people of the world will start  using bitcoin and when all their needs can be fulfill with bitcoin then it will become possible that banks will become disappear.

[shinratensei_]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

yes that is correct that we are not using banks only for depositing and withdrawal of money  banks also give us so many other services and that is the reason that we cannot stop using banks, even if the number of bitcoin users increase, but it can only be possible when bitcoin can also provide us such facilities.

As bitcoin gains popularity we can expect the banks to try to retaliate by offering more cheaper and better services that could be a problem for bitcoin since banks can afford to offer services even if they have to take a loss to do it to slow the growth of bitcoin.

Nope, if you're looking at the entethereumalliance and the bank has done something different rather than offering a cheap offer.

Revolutionary in his system, will make the more efficiency and effectivity.

[n0ne]

I personally don't think that this will happen because the Bitcoin isn't capable of doing this.
And the banks won't let the Bitcoin make them disappear, they will find a way to fight against the Bitcoin

It's hard to let bitcoin take over the banking services. There will be always the separation of services, bitcoin is good for being its own bank and has its blockchain technology. But still in real life we do need the services of bank even we are into bitcoin. But with this, it's kind of impossible thing to see this for the next years.

yes currently it is difficult to believe that banks will disappear banks but in future it can be possible when all the people of the world will start  using bitcoin and when all their needs can be fulfill with bitcoin then it will become possible that banks will become disappear.

Not really, bitcoin won't make banks get disappeared. Banks are the best accessible solution for common man as bitcoin is really a hard thing to understand for common man. Even if bitcoin gets spread around and reaches the entire people too banks will serve as the primary service provider.

[rajasumi3]

Yes with bitcoins into existence it might happen that banks might disappear ,but it is very unlikely to happen because governemnt does not want to lose control over their people .,so in conclusion it might not disappear .

[Zadicar]

I personally don't think that this will happen because the Bitcoin isn't capable of doing this.
And the banks won't let the Bitcoin make them disappear, they will find a way to fight against the Bitcoin

It's hard to let bitcoin take over the banking services. There will be always the separation of services, bitcoin is good for being its own bank and has its blockchain technology. But still in real life we do need the services of bank even we are into bitcoin. But with this, it's kind of impossible thing to see this for the next years.

yes currently it is difficult to believe that banks will disappear banks but in future it can be possible when all the people of the world will start  using bitcoin and when all their needs can be fulfill with bitcoin then it will become possible that banks will become disappear.

Not really, bitcoin won't make banks get disappeared. Banks are the best accessible solution for common man as bitcoin is really a hard thing to understand for common man. Even if bitcoin gets spread around and reaches the entire people too banks will serve as the primary service provider.

True,banks would still remain no matter what since its been here for decades which bitcoins cant even that off. You said was right that bitcoin cant be used by an ordinary man with less knowledge on internet matters. As long theres government they will still remain no matter what.

[Blitzboy]

Yes with bitcoins into existence it might happen that banks might disappear ,but it is very unlikely to happen because governemnt does not want to lose control over their people .,so in conclusion it might not disappear .

Banks along with fiat coins aren't very likely to be on the verge of extinction for any reason. Although it seems to be that bitcoin is growing rapidly and dramatically and taking over the place of fiat currencies, it doesn't have the ability to make banks die out. Banks still play a major part in our lives and they still belong to the governments, so as long as the governments are still here, banks won't go anywhere.

[Nekutasa]

I dont think so because there is just too much physical/local currency and not everyone use bitcoin so it would basically be impossible.

[ArticMine]

It seems to be doing the exact opposite with its fixed 1 MB blocksize limit. Bringing additional credit card business to the banks as people pay with the credit cards to accelerate their Bitcoin transactions. https://pushtx.btc.com/

[bitbob82]

Yes with bitcoins into existence it might happen that banks might disappear ,but it is very unlikely to happen because governemnt does not want to lose control over their people .,so in conclusion it might not disappear .

Banks along with fiat coins aren't very likely to be on the verge of extinction for any reason. Although it seems to be that bitcoin is growing rapidly and dramatically and taking over the place of fiat currencies, it doesn't have the ability to make banks die out. Banks still play a major part in our lives and they still belong to the governments, so as long as the governments are still here, banks won't go anywhere.

if banks will accept bitcoin for deposition and withdrawal of bitcoin then the other crypto currencies will also find way to be accepted by the banks depending on the polities of the banks but i think still it will take a lot of time.

[bitbob82]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

yes that is correct that we are not using banks only for depositing and withdrawal of money  banks also give us so many other services and that is the reason that we cannot stop using banks, even if the number of bitcoin users increase, but it can only be possible when bitcoin can also provide us such facilities.

The banks are the important for fiat and no one can able to replace them  but nothing is impossible and we can only predict about the future. If bitcoin makes such law like a bank and it will become so, popular to accept everywhere and in every country than I think it may happen but fait money has its own importance and I think non of the cryptocurrency have enough power to replace fait money and bank as well.

in fact bitcoin is now becoming more and more popular and hope that a time will come when all the banks will accept bitcoin. but i think first bitcoin need to accept by the banks and after they banks will also start accepting bitcoin. because most of the banks are working under the supervision of governments.

[CROYA86]

Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.

yes that is correct that we are not using banks only for depositing and withdrawal of money  banks also give us so many other services and that is the reason that we cannot stop using banks, even if the number of bitcoin users increase, but it can only be possible when bitcoin can also provide us such facilities.

The banks are the important for fiat and no one can able to replace them  but nothing is impossible and we can only predict about the future. If bitcoin makes such law like a bank and it will become so, popular to accept everywhere and in every country than I think it may happen but fait money has its own importance and I think non of the cryptocurrency have enough power to replace fait money and bank as well.

in fact bitcoin is now becoming more and more popular and hope that a time will come when all the banks will accept bitcoin. but i think first bitcoin need to accept by the banks and after they banks will also start accepting bitcoin. because most of the banks are working under the supervision of governments.

whether bitcoin bitcoin should approach the government in order to be accepted by him, and can the bank adopts dibitcoin of the existing system, if there is no good solution then one of them will be knocked out or disappear

[South Park]

Yes with bitcoins into existence it might happen that banks might disappear ,but it is very unlikely to happen because governemnt does not want to lose control over their people .,so in conclusion it might not disappear .

Banks along with fiat coins aren't very likely to be on the verge of extinction for any reason. Although it seems to be that bitcoin is growing rapidly and dramatically and taking over the place of fiat currencies, it doesn't have the ability to make banks die out. Banks still play a major part in our lives and they still belong to the governments, so as long as the governments are still here, banks won't go anywhere.

Besides it is not like that was the stated purpose for bitcoin or any crypto currency, the purpose of bitcoin is to give to us an alternative to traditional banking and the economic system and it has done so already, we only need more adoption so bitcoin can be used in our everyday lives and we will be set.