The end of the banks due to bitcoin

[Raja_Salman]

Banks will not die even if there are bitcoins but some sector bank functions may be replaced by bitcoin or cryptocurrency. live later the community itself who judge and will use the bank or not

[macchiato]

I don't think so. Fiat money will still be the primary medium of payment in most of the countries despite of the developing technology. It may be possible that banks will adopt blockchain, digital currency etc, but that is unlikely to end the role of fiat money to people's lives. Digital money is far more complicated and unstable which can't be utilized to some goods and services. Also, not all people can afford this kind of medium as payment.

[1nvestments]

It can be a possibility

Is it more probable for the BTC to disspear as for the banks then the otherwise.

[allthebitandbobs]

i doubt it the infrastructure  is not there yet but getting there .Also the banks  have be robbing people for hundreds of years there not going without a fight

[wuencds]

It can be a possibility

Bitcoin will not end the bank, banks will have their own countermeasures, and bitcoin is the government to allow the first to pass the bank's stability lies largely in the government's policy, they support the bank instead of bitcoin.

[smhome354]

I don't think banks will end due to bitcoin. Banks have several ways of getting their income. Banks and bitcoin may have some similarities in getting their earnings but established banks have more ways to do it. Banks may have lesser income now because of the bitcoin advent but I don't think they will close.

[St4yInTh3D4rk]

It's a threat to the banks but to think that these banks will give up easily? No, they are not going to give up easy. The government is their companion and many other businesses are depending on them.

The fact that bitcoin can pull a lot of investors from the banks and it will make them pull out their deposits which is a bad thing for the banks.

And if that happens, the bank will do something just to make sure that these investors will never pull up again their money on their bank accounts.

Banks has been there since the measurement of wealth is only gold, silver, etc.

Yeah you are right the governments are the companion of bank so they will do something to keep the investors out of bitcoin,and we can see that already many banks are freezing the bank accounts of high flowing money from the crypto market so they are already started to scare the people that don't invest on crypto currency.So what we have to do is never convert our crypto into fiat then bank will disappear in some years because they are living with our money.

[warning_btc]

Banks not dead, last way what do banks that accept bitcoins. this will be flag what banks lose this war

[Maladaro]

Do people really think this is an accurate analogy to current situation? Global banking industry's power rivals that of most nation states. It's valued in hundreds of trillions of dollars. Get real people. At best Bitcoin should be a tiny little guy who slips between the panels.

[joker19]

I think most people are confusing limitless potential with established power. The banking cartels and institutions are the greatest powers on earth to think Bitcoin could rival them is frivolous and absurd.

"I care not who makes the laws in a country so long as I control it's money supply" - A Rothschild from such banking institutions.

I guarantee you the rich elite bit coin is shit.

I guarantee the moment Bitcoin becomes remotely viable to the mainstream these bankers will try to acquire it or destroy it.

We'll know if it either keeps growing and we're allowed to shop openly with it or it collapses.

Sometimes I feel the bit coin community can be utterly naive to think decentralization can be achieved...or that these banking institutions won't do everything they can to maintain control.

[Btcvilla]

It can be a possibility

no, i disagree with you. however banks will be required to manage finances within a country. bank benefits pretty much on real life.
but that does not mean I do not like bitcoin, I have some bitcoin and I hold it until next year

[angelakrasnova]

I think banks do not like this for 5 years, but they will not just have to roll their noses from the bitcoin system, but to put up with and in conjunction with it to promote technology and to combine.

[bigblackdeck45]

I think banks will never disappear. Bitcoin wasn't made to destroy or to eliminate banks. Im sure banks will find a way to adapt with all the changes going around. Maybe they will create something like bitcoin who knows.

[qwertyup23]

Bitcoin will not cause the end of the banks. No matter how much we love and appreciate Bitcoin and want the independence from banks Bitcoin doesn't have such power.
Banks are protected by current economic system that depends on them and in some countries are also strongly supprted by governments. They have their place in the society and can't be eliminated so easy.
So, no, Bitcoin can't harm banks.

I agree. A foreign electrical currency that has been developed for less than 10-15 years cannot fully eliminate the relevance of banks as every country acknowledges fiat as the main currency. Since every country has their own denomination on the prices of their paper money depending on their gold reserve, banks are there to regulate transactions among individuals per country. Since most countries prohibit the utilisation of cryptocurrencies, bitcoin cannot on its own end banking.

But if in the inevitable future once we adapt into a digitalised form of payment, maybe cryptocurrencies would dominate the market and require banks for its regulation (though I highly doubt about this due to its decentralised and volatile nature).

[money1122]

I don't expect the banks will die due to bitcoin 

[kiendepzai24]

I still waiting for a day i become millionaire with my 0.1 BTC 

[Paniudto]

It can be a possibility

Whether they like it or not, cryptocurrency is a threat to their existence.

[Hellobx]

I think bitcoin should be a cautionary note for Banks, because bitcoin is likely to become the international currency of the future, and that could directly hurt Banks' original business.

[TheUltraElite]

Banks will not die even if there are bitcoins but some sector bank functions may be replaced by bitcoin or cryptocurrency. live later the community itself who judge and will use the bank or not

I can tell you one thing that several banks and financial institutions are in discussion about accepting blockchain technology as a service or so. That will help the adoption of blockchain and not crypto. It will make crypto popular but the adoption of crypto is still doubtful.

It can be a possibility

Is it more probable for the BTC to disspear as for the banks then the otherwise.

No. Learn more about the bitcoin network and nodes before speaking of things you cant hope to comprehend with your shitposter brain.

I don't think banks will end due to bitcoin. Banks have several ways of getting their income. Banks and bitcoin may have some similarities in getting their earnings but established banks have more ways to do it. Banks may have lesser income now because of the bitcoin advent but I don't think they will close.

Actually banks are essential to common people as well. Not everybody is a cyberpunk bitcoin user even people of this forum for that matter. For daily necessities people will need to use the bank services. Both will survive for now but lets see what happens in future.

[sicnarfkswiss]

It can be a possibility
[/quote
Bank will always be here no matter what because  fiat need bank and the government doesnt want bank to end. The percentage of bank depositors is high compared to btc. Bitcoin and bank is different.