Can Bitcoin make Banks disappear?

[Hypnosis00]

It's very impossible for bitcoin to make banks disappear by just being accepted in many parts of the world because bitcoin is still a digital currency and there is a lot of fiat currency to beat and bitcoin also has a limited capability to supply its users so it will not make the banks disappear.

[batang_bitcoin]

Yes banks and wallets are different, Banks hold paper currency while wallets hold internet currency.
But when bitcoins will become so mature that they overrule all the currency and paper currency which bank holds have very little or low value, only then bitcoins will replace the Banks.

I don't believe that bitcoin can make the banks disappear. If there will be a chance that the paper currency will be low valued still they will not going to give up and they are connected to the government. Because they are trusted by the government and gov't will not going to take the chance of using bitcoin as our personal bank accounts.

[Pattart]

With the value of bitcoin and rate which bitcoin is excelling,
Yes bitcoin can make banks disappear, more people are getting involve with this virtual currency bitcoin.
I think bitcoin can give the banks a run for their money.

Lol but in fact after they buy or sell their bitcoin and then they get a profit. What are they doing ? They withdraw their money from bitcoin to bank Lol

[iqlimasyadiqa]

If bitcoin has been officially recognized by the government then bitcoin can be a very powerful medium.
A conventional bank will be defeated and many people will use bitcoin. Bitcoin is a very simple technology that can attract many users.

[Marma Kalari]

If bitcoin has been officially recognized by the government then bitcoin can be a very powerful medium.
A conventional bank will be defeated and many people will use bitcoin. Bitcoin is a very simple technology that can attract many users.

Japan has already recognized and legalized bitcoin and more countries will start following that path,bitcoin is a powerful mode of transaction even without the help of any governments,the change that happens is that more investment will pump into it and thereby the price will increase but does that not necessarily have any impact on conventional banks as people will be using them .

[ilovefeetsmell]

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Of course not, they will not just disappear. But, it's better to improve their banks . Like what you are talking about, fiat currency. I think if the other banks was able to accept bitcoin, hmmmmm there's a lot of people goes there or bitcoin users to deposit a profit that we invest. Banks that accepts and converts bitcoin was nice to hear.😀

[Theb]

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Of course not, they will not just disappear. But, it's better to improve their banks . Like what you are talking about, fiat currency. I think if the other banks was able to accept bitcoin, hmmmmm there's a lot of people goes there or bitcoin users to deposit a profit that we invest. Banks that accepts and converts bitcoin was nice to hear.😀

Are you even basing your assumptions with facts? Because last time I check banks are one of the richest entities in the whole world even companies such as Windows and Ferrari have a debt with the banks. And you are thinking a currency will replace such entity? If they see Bitcoin as a threat they can surely adapt, but I don't think the first one to do an action are banks but the government itself.

[stripykitteh]

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Of course not, they will not just disappear. But, it's better to improve their banks . Like what you are talking about, fiat currency. I think if the other banks was able to accept bitcoin, hmmmmm there's a lot of people goes there or bitcoin users to deposit a profit that we invest. Banks that accepts and converts bitcoin was nice to hear.😀

I am pretty sure that Banks will have a point where they begin to accept Bitcoin then they will rely on Bitcoin to be one of the Currencies that allow them to make money on interest and transactions. When a whole bunch of Banks allow Bitcoin to be used in their payment systems then they will begin to lose money when Bitcoin crashes eventually, it is going to happen and not many people that use Bitcoin actually realize this.

[MB boss]

With the value of bitcoin and rate which bitcoin is excelling,
Yes bitcoin can make banks disappear, more people are getting involve with this virtual currency bitcoin.
I think bitcoin can give the banks a run for their money.

Lol but in fact after they buy or sell their bitcoin and then they get a profit. What are they doing ? They withdraw their money from bitcoin to bank Lol

Yes you are right we really will need banks for withdrawal of our money even in time when everyone will use bitcoin for their profit and saving but still there is an option like maybe someone come with a new service to provide the exchange system

[bestluck]

With the value of bitcoin and rate which bitcoin is excelling,
Yes bitcoin can make banks disappear, more people are getting involve with this virtual currency bitcoin.
I think bitcoin can give the banks a run for their money.

Lol but in fact after they buy or sell their bitcoin and then they get a profit. What are they doing ? They withdraw their money from bitcoin to bank Lol

Yes you are right we really will need banks for withdrawal of our money even in time when everyone will use bitcoin for their profit and saving but still there is an option like maybe someone come with a new service to provide the exchange system

Physical exchanges can solve that issue if physical exchanges came from which people will buy bitcoin directly with fiat cash and will sell directly with fiat cash then it is sure that banks will be disappeared then people will not go to banks and will use only that exchanges. while if the banks started to use bitcoin and they kept their fees as lower then banks will get the strength.

[wahb]

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Of course not, they will not just disappear. But, it's better to improve their banks . Like what you are talking about, fiat currency. I think if the other banks was able to accept bitcoin, hmmmmm there's a lot of people goes there or bitcoin users to deposit a profit that we invest. Banks that accepts and converts bitcoin was nice to hear.😀

yes in present time its look like very difficult and the reason is that still a very little number of people are using bitcoin, as it is estimated that still not more that 1 % people are using bitcoin, but its users are increasing continuously.

[arpon11]

I don't think bank will disappear because of bitcoin, though bitcoin was established or invented as be your own bank. The financial system we have now will last for a very long time and it will be difficult for bitcoin to replace it.

[Cosbycoin]

Yes yes that why banks having a partnership in bitcoin , bitcoin is really a threat in a bank could make and low there demand when it comes in money why we will have a physical money if we have a digital currency that is more easy to use.

partnership with bitcoin is impossible because bitcoin do not need any bank and bitcoin transaction system and wallet are too much safe and secure than bank and bitcoin transaction fees is very much low so we can say that bitcoin do not need to partnership with bank.

[batang_bitcoin]

I don't think bank will disappear because of bitcoin, though bitcoin was established or invented as be your own bank. The financial system we have now will last for a very long time and it will be difficult for bitcoin to replace it.

Instead of making the banks disappear the bank will have time to decide if they will use the power of the government to regulate or prohibit the usage of bitcoin. But I'm sensing that it's very possible that the banks are going to accept bitcoin for their services because it's going to attract more people to get into new trend.

[BitcoinMarshal]

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Of course not, they will not just disappear. But, it's better to improve their banks . Like what you are talking about, fiat currency. I think if the other banks was able to accept bitcoin, hmmmmm there's a lot of people goes there or bitcoin users to deposit a profit that we invest. Banks that accepts and converts bitcoin was nice to hear.😀

yes in present time its look like very difficult and the reason is that still a very little number of people are using bitcoin, as it is estimated that still not more that 1 % people are using bitcoin, but its users are increasing continuously.

Bitcoin cannot do this as in many countries peoples have no idea about this what is this and how is working because they have no technology for this and its need some long time and bitcoin is not used as its need to be its also need some very long time to adopt by some big fishes which is not easy job

[Superways]

I don't think bank will disappear because of bitcoin, though bitcoin was established or invented as be your own bank. The financial system we have now will last for a very long time and it will be difficult for bitcoin to replace it.

here we are talking about the banks running by the government and not talking about the banks of our wallet.
It is said that banks will be disappeared if they will not adopt bitcoin or it is also possible that banks will continue their work as managing the financial affairs of state and other national and international organizations.

[mornabo]

With the value of bitcoin and rate which bitcoin is excelling,
Yes bitcoin can make banks disappear, more people are getting involve with this virtual currency bitcoin.
I think bitcoin can give the banks a run for their money.

I think banks and bitcoins are not related to each other. Although bitcoins have a very high price though. Like today. It will not disturb the bank at all

[moooonu]

With the value of bitcoin and rate which bitcoin is excelling,
Yes bitcoin can make banks disappear, more people are getting involve with this virtual currency bitcoin.
I think bitcoin can give the banks a run for their money.

I think banks and bitcoins are not related to each other. Although bitcoins have a very high price though. Like today. It will not disturb the bank at all

ATM bitcoins are head in terms of transaction but banks are still need by around 90% of the people as they provide more services and time than bitcoins. If small Bitcoin stores are opened then it can happen that banks are given less priority but that seems like it will take few more years . But the main thing is the price of bitcoin as it is not stable at all. So people dont want to risk their money.

[Duzter]

I don't think bank will disappear because of bitcoin, though bitcoin was established or invented as be your own bank. The financial system we have now will last for a very long time and it will be difficult for bitcoin to replace it.

The financial system won't allow bitcoin to take control of the banks or replace. Without the banking system governments could have never grown in all sectors. I believe banking system might get incorporated with bitcoin but replacement is not a possible one.

[Viviyang]

I don't think bank will disappear because of bitcoin, though bitcoin was established or invented as be your own bank. The financial system we have now will last for a very long time and it will be difficult for bitcoin to replace it.

The financial system won't allow bitcoin to take control of the banks or replace. Without the banking system governments could have never grown in all sectors. I believe banking system might get incorporated with bitcoin but replacement is not a possible one.

Most of the governments aren't gonna touch bitcoin even with a 10 feet pole too. They are afraid of bitcoin as it takes control of monetary system from their hands and this is what they don't want and also they are not able to tax us on the holdings of bitcoins.