Bitcoin Forum
November 18, 2019, 07:46:46 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 [24] 25 26 27 28 29 30 31 32 »
  Print  
Author Topic: What would happen to banks?  (Read 12794 times)
Aris novianto
Full Member
***
Offline Offline

Activity: 448
Merit: 100



View Profile
January 14, 2019, 10:55:54 AM
 #461

Bitcoin in this year can't spend money banks, because bitcoin's income is declining, now I have never taken money in the bank from the results of bitcoin, now I am experiencing a lot of losses

   CCN    CUSTOMCONTRACT.NETWORK      CCN   
We Provide The Best Smart    Facebook Twitter  Telegram
Contract Services    ▰▰▰     Service Thread    Whitepaper
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1574106406
Hero Member
*
Offline Offline

Posts: 1574106406

View Profile Personal Message (Offline)

Ignore
1574106406
Reply with quote  #2

1574106406
Report to moderator
conected
Hero Member
*****
Offline Offline

Activity: 1036
Merit: 502



View Profile
January 14, 2019, 01:31:21 PM
 #462

With banks, nothing bad will happen. They will always continue to work regardless of the influence of cryptocurrency. State banks are actually part of the state and the state will destroy anyone who will have a negative impact on the work of the banking sector. Commercial banks are more susceptible to cryptocurrency, but they also adapt more rapidly to changing conditions in financial relationships. If it is profitable for them to use cryptocurrency, they will do it, the situation will change, they will act differently.
- Certainly, nothing bad will happen to the bank, even if something happens, it will only benefit and help the bank grow because the character is always behind the banks, that is the government, they manage and help the bank develop stably, they will even remove barriers or things that affect the bank's development. Although cryptocurrency can grow strongly and become a modern technology but it can not replace banks, the government will not allow, and this old system is probably outdated but its acceptance and popularity for the people is perfect, crypto needs to exist in parallel with the bank to develop, instead of competing and encroaching on the bank's position




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
voltesbit777
Sr. Member
****
Offline Offline

Activity: 910
Merit: 251


View Profile
January 14, 2019, 01:47:02 PM
 #463

Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.


1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners  would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.


2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.


3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.


4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.


As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive

I believed bank in the near future will adopt crypto currency. Because as far as I know there are some bank in the other country now which is started to adopt its concepts anyway, even here in my country though there are few as of the moment, for sure to other banks they will do the same thing. And that's right, go with the flow is the best solutions anyway for them to survive.
wahyu wida
Full Member
***
Offline Offline

Activity: 658
Merit: 100


🔰FERRUM NETWORK🔰


View Profile
January 14, 2019, 01:55:27 PM
 #464

Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.


1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners  would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.


2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.


3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.


4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.


As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive

I believed bank in the near future will adopt crypto currency. Because as far as I know there are some bank in the other country now which is started to adopt its concepts anyway, even here in my country though there are few as of the moment, for sure to other banks they will do the same thing. And that's right, go with the flow is the best solutions anyway for them to survive.
before they agreed to Krypto, blockchain was approved as a supporter of their activities because support was more effective because it used a decentralized system

Harley29
Full Member
***
Offline Offline

Activity: 490
Merit: 100



View Profile
January 14, 2019, 05:55:09 PM
 #465

Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.


1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners  would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.


2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.


3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.


4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.


As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive

I believed bank in the near future will adopt crypto currency. Because as far as I know there are some bank in the other country now which is started to adopt its concepts anyway, even here in my country though there are few as of the moment, for sure to other banks they will do the same thing. And that's right, go with the flow is the best solutions anyway for them to survive.
before they agreed to Krypto, blockchain was approved as a supporter of their activities because support was more effective because it used a decentralized system
Block chain is good as it has popularity and it’s good to secure a centralized and decentralized system at the same time. Banks are now competing with crypto because people left using banks and invest in crypto to save their money for long term. That’s why I think to overcome the popularity of crypto banks will have to struggle allot.
flemmings02
Jr. Member
*
Offline Offline

Activity: 241
Merit: 2

- YOLO


View Profile WWW
January 14, 2019, 06:00:29 PM
 #466

Nothing will happen to banks, It doesn't matter if crypto gets very hugely adopted, They will always be a need for banks to turn cryptocurrencies to cash and bankings will also be needed for daily day to day business activities within a location.

x----c
Seeker#9
Full Member
***
Offline Offline

Activity: 658
Merit: 102


View Profile
January 14, 2019, 11:03:37 PM
 #467

Nothing will happen to banks, It doesn't matter if crypto gets very hugely adopted, They will always be a need for banks to turn cryptocurrencies to cash and bankings will also be needed for daily day to day business activities within a location.

I agree with your opinion, the banks will stay in business regardless of the popularity of the cryptocurrencies. People will continue to use the banks because of the financial services they offer that can't perform by any cryptocurrency. They can also improve their services by turning fully digital or using the blockchain technology to match the function of the virtual currencies.
Dreamchaser21
Full Member
***
Offline Offline

Activity: 686
Merit: 108



View Profile
January 14, 2019, 11:14:09 PM
 #468

Banks is old institution that already survive in many condition. I am believe banks will keep survive and adopting cryptocurrency if crypto growing more bigger. Banks still needed for transaction and i think government will keep banks to boost economic growth
They are big enough to survive but if they don’t adopt, I don’t think they can survive in the competiton. Many bank already used blockchain technology, and so far its running well for them. Let’s wake up now, and accept that banks is just making money through our money, we need a technology like this to control our own money.
AwkwardSuit2
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
January 15, 2019, 01:03:02 AM
 #469

They're gonna adopt cryptocurrency and do business.
2chase
Hero Member
*****
Offline Offline

Activity: 1055
Merit: 501


🍀🍀🍀🍀🍀


View Profile
January 15, 2019, 07:18:02 AM
 #470

I am sure that the banking system is the financial sector that can be one of the first to apply all the advantages of the blockchain and the new technologies based on it in its activities. Therefore, hoping that banks will leave the financial arena is very unwise. In my opinion, over time, various hybrid technologies will be developed. In which the use of cryptocurrencies and traditional banking services will be combined.

🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🌃🍀🍀🍀🌃🍀🍀🌃🍀🌃🌃✅✅🌃🌃🍀🌃🍀🍀🌃🍀🍀🍀🌃🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀
nur rochid
Full Member
***
Offline Offline

Activity: 686
Merit: 100


CurioInvest [IEO Live]


View Profile
January 15, 2019, 08:08:51 AM
 #471

I am sure that the banking system is the financial sector that can be one of the first to apply all the advantages of the blockchain and the new technologies based on it in its activities. Therefore, hoping that banks will leave the financial arena is very unwise. In my opinion, over time, various hybrid technologies will be developed. In which the use of cryptocurrencies and traditional banking services will be combined.
by prioritizing the speed and safety of a transaction, indeed the bank is ideal for implementing this system, especially as more and more new customers and transaction value increases

primeluck
Newbie
*
Offline Offline

Activity: 39
Merit: 0


View Profile
January 15, 2019, 08:30:41 PM
 #472

Banks will sill operate, do business,give loans and digital transaction but cryptocurrency keeps making investment ahead.
Tom_13
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
January 16, 2019, 10:32:08 AM
 #473

Most likely, they will first begin to introduce new technologies. They will say something like: "It is already impossible not to notice that the cryptocurrency is firmly entrenched in our life, so we decided to implement ..."
In the future, the cryptocurrency may be the only currency. And banks will adapt to this, I have no doubt.
sirminesalot
Sr. Member
****
Offline Offline

Activity: 938
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile WWW
January 16, 2019, 02:22:46 PM
 #474

of course, along with the development of the bank, it will keep abreast of these developments because it is impossible for economic development to not keep up with the development of the Eidan era and technology will certainly go hand in hand

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
CryptoTalk.org| 
MAKE POSTS AND EARN BTC!
🏆
romero121
Legendary
*
Offline Offline

Activity: 1624
Merit: 1022


World's Best Fully Featured Cryptocurrency Casino


View Profile
January 16, 2019, 02:51:00 PM
 #475

Banks were the basic financial system helping with majority of the fund management all around the globe. Particularly if banks weren't existed the financial infrastructure might have collapsed. Same time they make the people suffer with our own money. This will be eliminated with our cryptocurrencies. Another thing banks will start adopting blockchain technology which will help having our own funds in our hands.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
Tylev
Full Member
***
Online Online

Activity: 742
Merit: 104


BBOD - The Best Crypto Derivatives Exchange


View Profile
January 29, 2019, 05:09:04 PM
 #476

I agree with your thought. Banks have many different and unique ways to adapt a currency. If ever cryptocurrency replaces fiat currency, banks will only just make cryptocurrency be used as their primary money that will be debitted and creditted to the account of their clients. It can also be used as investment.
Nothing can happen to banks. They will work and flourish in any currency and cryptocurrency. Cryptocurrency can never replace the national money of the states, it is simply not capable of it. Cryptocurrency also does not represent any threat to the existence of banks. However, if such a threat appeared, the state would destroy everyone from whom such a threat would arise. After all, banks, and first of all state banks, are in fact part of the state itself. Without them, the state will not be able to fully function.

virasog
Legendary
*
Offline Offline

Activity: 1344
Merit: 1003


★777Coin.com★ Fun BTC Casino!


View Profile
January 29, 2019, 05:15:33 PM
 #477

a business needs an innovation to survive also business needs a adaptation to the current trends in the industry for them to survive also if cryptocurrency will overtake that industry they also need to innovate something or just adapt for them to be still in the market. But banks are still banks many people and businesses still believes on it.

Every thing takes time to change and so will the crypto currency will take time to replace the fiat. When there will be no Fiat, they will be no need of banks so the banks will automatically be closed. Of course banks will not run if no one uses the paper money and the world is shifted to digital currency.
For me, the Futue of banks is not secure.

kkaroul4
Sr. Member
****
Offline Offline

Activity: 700
Merit: 250


View Profile WWW
January 29, 2019, 05:32:53 PM
 #478

Bitcoin in this year can't spend money banks, because bitcoin's income is declining, now I have never taken money in the bank from the results of bitcoin, now I am experiencing a lot of losses
it is true now that it is very difficult to benefit from bitcoin so that it is difficult for us to take money in the bank, but for its own loss it depends on how we are running at the current market
jimskiy
Full Member
***
Offline Offline

Activity: 574
Merit: 100


Bitway.net - The Best Bitcoin Mining Network


View Profile
January 29, 2019, 05:36:20 PM
 #479

If you have much money never save or hold your money at the bank, you can trying for investing your money at investment kind, you can buy property, gold or other investment because your money will have higher value at the future.

BTC BitwayBTC
The Best Bitcoin Mining Network
────────  DiscordInstagram ♦  Twitter ♦  Bitcointalk ♦  Reddit ♦  Facebook   ────────
zemper
Full Member
***
Offline Offline

Activity: 322
Merit: 100



View Profile
January 29, 2019, 05:44:04 PM
 #480

I suppose that banks will easily adopt cryptocurrencies technology. Furthermore, banks can also promote popularization of cryptocurrency offering different services. So, it would be unlikely for banks to disappear in nearest future.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 [24] 25 26 27 28 29 30 31 32 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!