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Author Topic: Is banking still important in the bitcoin era?  (Read 1816 times)
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May 18, 2018, 11:38:01 AM
 #521

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, the bank still holds a key position in this world. Banks can help poor people have capital to do business. The bank is a huge source of money and a safe haven for people
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May 18, 2018, 11:42:34 AM
 #522

Anyway banks remain important part of our financial part of life and nothing will change soon. It need much time to change situation and it is not bad because progressive and smart part of people will use modern tech and there will be banks and obsolete tech for others.
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May 18, 2018, 11:52:36 AM
 #523

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?
that's right. Banks have always existed with humans for many years. and safety has captured 100% of the trust of everyone and every country in the world. It is a very good place to save money with monthly interest
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May 18, 2018, 12:40:38 PM
 #524

Banking is still important at my opinion because it is always necessary to let people a choise what to use, not everyone ready to change everything and join crypto, expecially old people.

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May 19, 2018, 10:07:18 AM
 #525

Banking is still important at my opinion because it is always necessary to let people a choise what to use, not everyone ready to change everything and join crypto, expecially old people.

How did you start in crypto? Moving fiat from your bank to an exchange, right? That means moving fiat from your account to the exchange's account in another bank.

Did you cash out any profits? Obviously, you took fiat from the exchange back to your bank.

Let's face it; crypto is founded on the traditional banking system and will remain so!

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May 19, 2018, 10:13:47 AM
 #526

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?

Banking will not that important anymore, placing your money on the banks will not give you a huge amount of profit while using cryptocurrency will make you very rich if you really know how to trade in the market.

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May 19, 2018, 11:17:28 AM
 #527

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, I think the bank si still important in the bitcoin era, because the bank has its own role in a country, its small example as a container for lending capital, other credits. Maybe the banks will create own crypto. I think,
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May 19, 2018, 11:23:49 AM
 #528

Yes I think banks would still be important in the era of cryptocurrrencies and not just Bitcoin alone because there are still a lot of people who preferred to do business the traditional way. For example, a person has been trading cryptocurrencies then after a few months or years he achieved the amount he/she wanted to gain out of the investment he/she made and will withdraw the profits. Most people still prefer to keep their money in banks and makes it their savings for emergency purposes.

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May 19, 2018, 11:36:38 AM
 #529

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 bank is still important because bank has a different role in every individual because we can convert our bitcoin into cash to the other bank, in terms of saving bank is the much ideal way even our money is not going to generate a profit but still we feel secure and we can used it in emergency matters but bitcoin is the ideal one in terms for long term investment and it is proven that many people became millionaire through bitcoin help.

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May 19, 2018, 12:36:50 PM
 #530

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 has important function in our economy, it can't be disappear because many financial problem will exist in our economy. Bank is the reason why the money in the economy are circling properly. I know that investors and people will not let bank disappear because of cryptocurrencies.


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May 19, 2018, 12:41:24 PM
 #531

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?

Certainly, no. Because, we can send any cryptocurrency with click one button. There don't need other person or bank. But nowadays for that most governments don't accept cryptocurrencies.
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May 19, 2018, 12:45:25 PM
 #532

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?

Banking will not that important anymore, placing your money on the banks will not give you a huge amount of profit while using cryptocurrency will make you very rich if you really know how to trade in the market.

Bitcoin is the only thing that goes to higher place in short period that’s why many fields need bitcoin support so it will not a bad thing I support this thing.

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May 19, 2018, 01:04:36 PM
 #533

The role of the bank in my opinion is still indispensable today. And bitcoin has not been able to get rid of the bank for the present time. However, the role of banks for some people is still very important, because banks are able to store real assets for some people. Then the functions of banks and bitcoin seem to be slightly different and some people still believe in banks more than bitcoin.
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May 19, 2018, 01:34:27 PM
 #534

I also think that bank is still very important as well. Because bank is the one who kinda has a great control of the economy. Control the money flows, inflation and such.
And also, without bank i think we will be limited to do anything. We can't lend money anymore to invest or start business, we can't save our money and such. Although this era cryptocurrency is already popular, i don't think it means that bank should disappear.
Cryptocurrency surely a threat for bank, but we can't deny that we need bank services so much in our life. It'll be better if both of them, cryptocurrency and bank can support each other without hurting one another.

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May 19, 2018, 02:00:33 PM
 #535

Yes because banks played an important role in the society most businessman are using banks in their transactions in giving salaries to their employees it is also known for their capability in giving loans to some people additional capitals and even car and housing loans.

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May 19, 2018, 02:33:37 PM
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                  In my opinion, banks are still important. The economy of a certain country would never circulate without banks, and yes i agree with the few of you guys saying that banks has their own certain role in each country. The government will not really just let it slide most especially when the word money is involved.


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May 19, 2018, 03:55:02 PM
 #537

In my opinion yes banking is very important because banks has a big role in the world.and For me using bank for your money is I feel safe better than keeping your money in your house. Sometimes it use our money in uneccesary things.that's why banking are important to keep  our money safe.
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May 19, 2018, 04:45:02 PM
 #538

Banking will implement blockchain already started but we will see more to come to near future more banks coming into blockchain space encouraging  for cryptocurrencies as well
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May 19, 2018, 04:59:15 PM
 #539

Saving money will execute blockchain as of now began yet we will see more to come to not so distant future more banks coming into blockchain space empowering for cryptographic forms of money too.

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May 19, 2018, 05:22:35 PM
 #540



                  In my opinion, banks are still important. The economy of a certain country would never circulate without banks, and yes i agree with the few of you guys saying that banks has their own certain role in each country. The government will not really just let it slide most especially when the word money is involved.

I'm agree with you that banks are still important to us. Also, I think that banks are gonna implement blockchain technology in their businesses to make even better service for us, unlike what we are now receiving.

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