Bitcoin VS bank

[dolagani]

Banks have been institutionalized, legalized and accepted how to put money and invest money. Banks are needed in every government to manage money and check and balance its currency. And I think this is one of the main reasons why banks will last longer than many think.

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[staradvincula]

Bitcoin can never be a bank replacement.  Bank is an establishment or an institution organized by the government to conduct a financial assistance and services to its costumers.  A developed country depends on the banking system because it is know as the backbone of the modern businesses.  Here, where the first exchange and trading transactions are being process in a legal and appropriate way.  Bitcoin is not either an establishment or part of any institution.  It supply one's own and yet can still operate and working without assistance needed by the government authority.  Nowadays, maybe people turned to bitcoin because of a higher interest and more profitable rate.  Although the possibility to gain more profit is in favor of bitcoin, the cannot provide us the security of our investment. 

[Marjo04]

I don't think so because we use bank for so many years and we cant never replace that.  I know bitcoin was very trend now and there are so many ways to use it.for me bank is more safe than bitcoin if you save money but if someday will replace it maybe bitcoin need to upgrade more safety.

[Wipeout2097]

Bitcoin beauty is that Bitcoin itself bank no need third party to proceed the transaction,Through Bitcoin you can make transactions globally without any hurdle.While banks take time and alot paper work which results delay in the transaction.

[JoshMart]

I don't think that Bitcoin will ever replace the banks, it is here to be another option, to help us improve our financial systems, payment and banking systems among others. It is a decentralized digital currency so it works differently with the fiat money we currently use, but then I believe that Bitcoin is not created to replace the fiat money or the banks, its main purpose it to make an improved way for our financial systems so I think if we will be open and adaptive to this technological innovation, banks, governments and Bitcoin can work hand in hand for everyone to have a better financial system, thus better world economy.

[Rakesh_alejandro]

Banks are the huge sphere of each country economics, so I would think that they will find a way to survive even if a bitcoin age money goes in.

I think Bitcoin will not be allowed to join the party and replace the bank.
The good news is that bitcoin provides a new alternative to operating private funds, an alternative is required for all types of liberal societies
I also do not believe that bitcoin will replace the bank in the future, because the modern political regime is tied to a bank-based financial system.

[webdevmastery]

For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

This is a really good comparison, bitcoins is more profitable than bank because of the volatility of the market and if you are a good trader then you really knew that investing or placing your money on banks will not give you a huge amount of profit since the scale of increase is very low.

[Potatohead]

For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

Banks were made to have our savings safe and stored. I think it isn't a profitable investment but just a place where we can secure our earnings. I believe that it would still be hard for bitcoin to replace it because people from different generationa entrust their money in it.

[Rizky Aditya]

I don't think that in the future, bitcoin will replace the bank if people still use the bank to make a transaction. right now, we still use the bank to keep our money, to secure our money without any risk, to grow our money even for a small amount. and it's a small percentage of people that know and use bitcoin for their daily transaction and they still use the bank to send the amount of money. besides that, if we want to buy something in an online or offline store, we still use the money to pay and we are not yet all ready to use bitcoin to pay what we buy.

Banks are going to do anything for surviving in this world. They are afraid of crypto currencies at the moment as people have started to invest in here which means banks are losing its customers. But in case, these systems start accepting bitcoin or any other digital currency, that would be even more beneficial for them than saving paper money in accounts. However, it can’t happen until crypto coins are regulated.

[hawkins]

Bitcoin is more profitable and that is the reason why people is choosing to invest on cryptocurrency more than placing their money on banks and banks today are really afraid of cryptocurrency because there is a huge chance in the future that bitcoins might replace the fiat.

Well, some people use bitcoin for various reasons. but, I think everyone who uses cryptocurrency, they also use the bank. well, the bank is perfect for the made a reliable storage. because they are recognized by the state.

[Cutieh01]

Yeah indeed maybe it will happen when many people ate accepted bitcoin in the future or maybe that can be someone making some similiar like a bank to making circulation with bitcoin or just implement of it

For me I prefer to put my investment to Bitcoin because I can make any transaction at home like paying online money transfer with lesser fees and  I make profit from it. Unlike traditional bank that we have to travel to make a transaction and it has high charges and the best is Bitcoin is core with blockchain technology.

[feverpitch]

However people trust a proven way, do not believe in  a new product. People are afraid to take risks and go the proven way. Fiat money are not going to be replaced by any digital non-cash currency. Bitcoin is used for transactions and payment inside web world only.

[robotrobert]

I don't think that in the future, bitcoin will replace the bank if people still use the bank to make a transaction. right now, we still use the bank to keep our money, to secure our money without any risk, to grow our money even for a small amount. and it's a small percentage of people that know and use bitcoin for their daily transaction and they still use the bank to send the amount of money. besides that, if we want to buy something in an online or offline store, we still use the money to pay and we are not yet all ready to use bitcoin to pay what we buy.

Yes I agree on that, I believe that bitcoin and bank has a different path way and they don't have to be compact or competence, because we are using bank for a verry long time while bitcoin is new and many people didn't even know about bitcoin yet. Bitcoin I really amazing but I think bank is more popular on it.

Bitcoin and bank are two different income generating investment. They have their own uniqueness and respectively uncommon features only that bitcoin as of the moment is more profitable and is equally open to all without many hassle and requirements needed.

There is a basic difference in between bitcoin and banks and that is banks are being sponsored by the government and that they come under the control of the government. Whereas, bitcoin is decentralized in nature and that it doesn’t come under the control of anyone. In addition to this, bitcoin is also far better option for the sake of investing and earning more money as compared to that of the banks.

[bitgolden]

The impact of bitcoin is growing, and I think the future is going to be a two-tiered one, where people who support blockchains will use bitcoin, and traditionalists will continue to support their Banks. They coexist.

I think Bitcoin will not be allowed to join the party and replace the bank.
The good news is that bitcoin provides a new alternative to operating private funds, an alternative is required for all types of liberal societies
I also do not believe that bitcoin will replace the bank in the future, because the modern political regime is tied to a bank-based financial system.

Bitcoin born as a solution to the problems people were facing with and not to replace any fiat currency and cause disruption in the market for other sources. The only aim of Bitcoin was to make the transactions frictionless and this was a number one solution and is more going to reduce friction with the passage of time.

Banks are also making new innovations due to which they are still running but Bitcoin is the most popular now and people like it for the new modern time.

[heartwreck]

No, bitcoin will never replace bank, coz here in my country lot people are having no knowledge about cryptos.

[tailwate07]

I don't think that in the future, bitcoin will replace the bank if people still use the bank to make a transaction. right now, we still use the bank to keep our money, to secure our money without any risk, to grow our money even for a small amount. and it's a small percentage of people that know and use bitcoin for their daily transaction and they still use the bank to send the amount of money. besides that, if we want to buy something in an online or offline store, we still use the money to pay and we are not yet all ready to use bitcoin to pay what we buy.

Yes I agree on that, I believe that bitcoin and bank has a different path way and they don't have to be compact or competence, because we are using bank for a verry long time while bitcoin is new and many people didn't even know about bitcoin yet. Bitcoin I really amazing but I think bank is more popular on it.

Bitcoin and bank are two different income generating investment. They have their own uniqueness and respectively uncommon features only that bitcoin as of the moment is more profitable and is equally open to all without many hassle and requirements needed.

Well this is my point too. These two are separate things. Their uniqueness is a solid evidence for no comparison between them. Right in this moment, could you believe a world without banks? And on the same plane, after few decades when bitcoins will be the supreme currency, could you then believe a life with fiat currency? No, definitely no. so no need to compare these two difference things.

[jgaspar]

I think somehow, someway the banks will or stand with bitcoin, or will die...I prefer to think about the first option anyway

[Luigieee]

For now its already replace like a bank andit can be your alternative bank and if you use it you have 50% that your money will gain ir will lose so if you use it ,make sure you have knowledge about it.

[Ngewex Yuk]

I think bitcoin is better than banks because with bitcoin we have full access and control, I do not like to waste time waiting in line so I hope that someday the transaction system is like bitcoin.

[Whoducen]

I am a bitcoiner but still wish from the heart that btc and fiats both thrive together. Non of them should be dependent on the another