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Author Topic: Is banking still important in the bitcoin era?  (Read 1816 times)
wewe123
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May 07, 2018, 01:46:14 AM
 #201

Banking is still important in the bitcoin era because some people will be afraid if there money will be put in the digital world ,they might think of something bad to their money in the internet , that is why many are still trusting the banking method, so it is still important ,even bitcoin is popular.

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May 07, 2018, 01:47:08 AM
 #202

Banks has a important role in our society, and i think its hard to determine if it will eliminate someday because of digital money. And besides, we also use banks to withdraw here right?
That's right, how many years that banks exist and being used by almost all people living on earth. It is important for them and for us nowadays even we are bitcoiners its good to have some fiat in emergency which we can safely kept if unexpected things happens on our account or wallet. Bitcoins is an investment and still different from the money that we use in our daily lives without converting bitcoins to fiat and withdrawing it.


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Bobocantik
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May 07, 2018, 01:48:11 AM
 #203

Of course bank still important, because if we want to exchange bitcoin to fiat, we need do it in a bank . Bank is important for government and employment. Bank still exist until a lot of year later.
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May 07, 2018, 02:02:56 AM
 #204

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
For me banking is still important even in the bitcoin era especially for all business establishment that immediately need cash and because not all are involved in cryptoworld and some of them don't understand crypto so better we still need banking.

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May 07, 2018, 02:18:20 AM
 #205

Banks has a important role in our society, and i think its hard to determine if it will eliminate someday because of digital money. And besides, we also use banks to withdraw here right?
I think these days are not yet an era of bitcoin, we still see a lot of people have not adopted bitcoin yet, but even though that era happens someday, it will not change people's view about the bank? and people will still use fiat as the main currency, and from that bank is still needed in that era

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May 07, 2018, 02:31:36 AM
 #206

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Yes of course! Maybe it’s time for us to stop comparing banks and cryptocurrency. These two entities serve different markets. If banks maybe be affected by crypto craze they will definitely evolve that will fits to their customers. It’s a waste of time to throw bitterness in banking sectors.

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May 07, 2018, 02:57:30 AM
 #207

For one thing, where will you put the money that you will liwuidate from your crypto currencies? I mean you can't just walk around with 2 grand in your pockets. Next is, we have to admit it, crypto currencies cannot buy everything so we still need fiat money and fiat money is the bank's domain.

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May 07, 2018, 03:24:06 AM
 #208

It is somehow unimportant for us to still use banks in this era since some other banks does not allow us to have an account on them when our money comes from crypto. If we have our virtual wallet, that is enough because depositing your money in banks are still risky because there is still a slight chance of the bank getting bankrupt. Though we can't say that we are secured with crypto most of the time, but having banks that are not allowing us to deposit money from crypto made me feel that it is unnecessary anymore.

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kokorotomoto
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May 07, 2018, 03:56:17 AM
 #209

yes! Still very profitable in this bitcoin era. because banks have an important role to do business or invest in bitcoin. banks are still the main transfer tool in the world.
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May 07, 2018, 04:14:18 AM
 #210

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?


Bank is still important tandem to Bitcoin in terms of cash out if you want Fiat money. Not all country have Bitcoin machine exchanger so for the main time, the bank  is very  usable while Bitcoin is still on process to the purpose of uses in general.
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May 07, 2018, 04:17:24 AM
 #211

Hopefully one day we can get rid of those bankers  Grin


I think for now there is little possibility for bitcoin to make banks especially in countries that still ban the crypto world (most developing countries) maybe in the next few years will come true.
Actually our Wallet is a bank, but another topic with what you say. Back on your topic, until now bitcoin still need bank to deposit or withdraw money from our bitcoin wallet, because if without bank we can not do both. Unlike the case if bitcoins have their own banks (like traditional banks) it is certain they (traditional banks) are no longer needed for bitcoin users or cryptocurrency users.
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May 07, 2018, 04:21:27 AM
 #212

I am pursuated, that banks will learn fast how to survive in a bitcoin era, they certainly dont want to loose their profit, they had for ages Smiley

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May 07, 2018, 04:39:18 AM
 #213

I think even though the bitcoin era has come I still will need the bank. Banks and bitcoins are two different things and have different functions. Bitcoin is a digital currency that can be used for investment assets while the Bank is a place to store and borrow money.

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May 07, 2018, 06:11:16 AM
 #214

i think banking is still important in the bitcoin era.Their are a lot of businesses that transactions will be done in the banks.Some remittances also from other countries will be processed also in the banks so in my own opinion,even it is already in bitcoin era banks has its own important role

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May 07, 2018, 07:05:35 AM
 #215

the Bank will still remain in use. for those who do not want to risk playing with fluctuations owned bitcoin, then they remain faithful to keep their money in the bank. Although if the banks won't make their assets grew, but at least they are sure that it is secure. so the bank will still be useful.




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May 07, 2018, 07:24:14 AM
 #216

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Off course, I think bank still important in the bitcoin era. The Bank will still play a role as usual. Although a lot of the things that hindered his journey. Bank is the best way saving  for emergency needs ,the bitcoin is the best long term investment.
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May 07, 2018, 07:32:07 AM
 #217

I think the bank will still exist even though the bitcoin era will come, but maybe the bank will not exist in every city, and ATM is not needed anymore, people just need a smartphone to do transactions or registration to create a bank account, the main function of the bank is to raise funds from the community and distribute it, but we do not have to bother to get to the bank if we want to save and borrow enough money video calls with the bank, we also do not have to queue in the physical bank, queuing is a boring thing and waste of time

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May 07, 2018, 07:34:54 AM
 #218

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

of course banking is still important for this bitcoin cause in my own experience when i get my pay in bitcoin i deposit it in bank or invest in other invest so i do earn a lot of money. for now im dreaming to become rich someday. hoping that one days their will be change. the chance is coming for us. banking is yet still important cause not all people are in bitcoin investments
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May 07, 2018, 07:42:02 AM
 #219

of course, the bank has its own role in a country, its small example as a container for lending capital, other credits and as its, even though the development of crypto world is very rapid, but the bank has its own role, and they will not close the company, maybe later them will follow also the current development of the crypto world

true, banks is still essential today even if cryptos are soaring today, because not everything can buy and paid in bitcoin, we need banks for conversions of bitcoin to fiats in less fees, there are other purposes of banks that bitcoin cannot cater like housing loan, car loan ,business loan and salary loans, we still need banks, we can live with it up to now, we are ok with cryptos and banks co-existence.

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May 07, 2018, 07:44:57 AM
 #220

Banking is always important as long as bitcoin's downside is not yet addressed. And with regards to fact that real cash or fiat is the main means of buying goods and services, then banking will still remain significant in the cryptocurrency era.

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