Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Bobcrypto on April 11, 2022, 02:59:12 PM
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
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The statistics imply that massive crypto adoption will happen in the future - according to a recent research among some 30k people, (https://deposit-withdraw.com/reports-calculate-massive-crypto-adoption-trends/) 40% of 18 to 35 year olds are currently planning to use crypto assets as a payment method for both services and goods. The trend has increased by 10% since 2021. By 2024, the research states, 23% of all online businesses will be adopting crypto payment methods. Whether that will translate as supplanting fiat currencies however, remains to be seen.
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
Yeah , If many people have prediction bitcoin will do to banks what email did to post industry.
I think It might happen soon.
We still know many traditional banks, and bitcoin will never need banks for their existence.
Bitcoin is digital assets, and the future technology.
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There is a big possibility for that since adoption of Bitcoin in particular and cryptocurrency in general is continuing though it is not as dramatic shift as we are expecting and it can be because there are factors and forces beyond our control. Then, we are seeing many banks also offering Bitcoin so it is possible that rather than totally replacing banks, Bitcoin ca be adopted by banks and there can be seamless connect between the two industries.
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
What does it mean? Do you mean Bitcoin to be the bank for everyone?
I only assume Bitcoin can be a currency and the income source for many people, not sure whether everyone is involved. There should be always some people who disagree with the Bitcoin concept. They don't want to use Bitcoin or even take advantage of Bitcoin. We cannot expect much from these types of people.
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It must be remembered that banks are still needed for transactions that may not be able to be done by bitcoin, so there is not yet yet in my mind that bitcoin will be able to replace all the roles that exist in the bank.
Even though it must be recognized that Technological Advancements Cannot Be Avoided and the Need with Bitcoin Can Also Continue to Grow. But it must be remembered that there are still still very much needs with the use of conventional banks very much needed.
Wrong One Example, How Can it Deducting The Needs of Traditional Markets That Are Still Doing With Fiat Transactions? Of Course, The Banking Needs Will Be Able To Resolve It, Not With Other Transactions.
It must be remembered that bitcoin is not all countries can accept and there are still problems that will always occur.
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Most likely, at first, bitcoin will simply become part of the banking system, perhaps its advanced part. This is happening now in some countries.
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Then, we are seeing many banks also offering Bitcoin so it is possible that rather than totally replacing banks, Bitcoin ca be adopted by banks and there can be seamless connect between the two industries.
I think I agree with you, It will happen bitcoin could adopted by banks, seems connect between two industries.
Fiat money and digital currency.
But maybe It will happen soon when the government allow bitcoin, we will see.
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Cryptocurrencies replacing fiat money in everyday life in this transaction is a little impossible, because not everyone understands and understands about crypto transactions, because every crypto user also acts as a bank and crypto transactions also require more accuracy when compared to fiat money.
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Cryptocurrencies replacing fiat money in everyday life in this transaction is a little impossible, because not everyone understands and understands about crypto transactions, because every crypto user also acts as a bank and crypto transactions also require more accuracy when compared to fiat money.
Yeah, It's possible to happen, Crypto currency will replace fiat money but just for online payment methods and investment.
I don't think crypto currency will be offline payment methods.
It's impossible.
Crypto currency needs internet connection.
The government also will against crypto if crypto is a threaten
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Cryptocurrencies replacing fiat money in everyday life in this transaction is a little impossible, because not everyone understands and understands about crypto transactions, because every crypto user also acts as a bank and crypto transactions also require more accuracy when compared to fiat money.
Cryptocurrency, including bitcoin, cannot replace the currency of states in principle. Developed states will not agree to this, and without an appropriate decision of the legislative body and the government, this cannot be realized. And for a significant part of the population it will be unacceptable even from a technical point of view.
Also, cryptocurrency cannot replace the current banking system, because banks still perform a lot of specific functions for servicing the economy of each state and servicing the financial and economic activities of enterprises of all forms of ownership. Therefore, all this is just reflections and empty fantasies.
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Yes, I think. Bitcoin can be superior to banks. Because the coming sum is a digital age and bitcoin is a digital currency. So bitcoin can grow a lot more than banks in the coming time.
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
Yeah I think we all know bitcoin has potential be superior to bank.
But It needs process, the government should have rule to allow bitcoin at their country.Thats my opinion
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This will still happen in the near future, but I don’t think it will be bitcoin, I think stablecoins can soon replace dollars, because many speculators already work in exchangers with stablecoins, what prevents them from being introduced into the banking system? Yes, in principle, nothing but the bureaucratic component.
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
I think both are different thing.
Bank has been supported by the government and we all know the government didn't allow bitcoin.
Although bitcoin can do like bank.
But I think bitcoin is remaining bitcoin as digital assets and will be.
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
Blockchain technology is the future technology.
Bitcoin can be superior to banks.
That's the fact, but I think it needs regulation from the government.
It think It's difficult
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in my opinion it could have happened because of the popularity of bitcoin in the world and the number of countries that have been able to accept payments with bitcoin with simple transactions bitcoin can outperform banks.
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in my opinion it could have happened because of the popularity of bitcoin in the world and the number of countries that have been able to accept payments with bitcoin with simple transactions bitcoin can outperform banks.
I cannot agree with you on this. Because Bitcoin has no physical form. There are many countries in the world where bitcoin is still banned like my country. There are still many uneducated people in the world who have never heard of Bitcoin. If bitcoin can be superior than bank, then gold would have done this long ago.
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
Banks are not just a payment system. They perform many diverse useful functions in servicing the economy of each state. Therefore, the banking system is under the protection of the state. Bitcoin is not able to perform all the functions of banks, and therefore it cannot be compared with them. The currency of the states will always be higher than any cryptocurrency, as this will be provided by the state system of power.
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This is if you look from which side, if bitcoin opens its own bank, of course it will be better than others because of the low commission for transfers. Bitcoin has faster transactions than some banks.
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Bitcoin is a very good coin and this will be superior then the banks because if we hold our money in the banks then we will get not good amount of profit but if we invest in the Bitcoin and hold our coins just for 1 year and in this year the market will go high we can easily make almost double or three times profit and this is best for us. This time the market is very good for investment and the investors will must hold their coins in their wallet because soon the market will make a huge high.
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in my opinion it could have happened because of the popularity of bitcoin in the world and the number of countries that have been able to accept payments with bitcoin with simple transactions bitcoin can outperform banks.
agreed, by seeing the popularity I think bitcoin is suitable for payment methods.
Bitcoin is the King of crypto currency and really good for investment.
I also believe bitcoin will be superior to banks.
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
Don't even hope for it. Bitcoin does not have any useful functions other than the function of money, but it does this very poorly, since it is used very little as a means of payment. But even cryptocurrency as a whole will not be able to displace and replace banks. The banking system performs more diverse functions than cryptocurrency. In addition, it is part of the state system of power, which means it is completely under the protection of states. Cryptocurrency has no chance to resist states.
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
Even though this is what some people might be looking forward to, I don't think this will happen in the near future or ever at all. I don't think there will be a time when all transactions can be done by Bitcoin, that's when every merchant or store will accept Bitcoin and if this is not the case how can Bitcoin be superior to Banks? or do you think that Government will consider Bitcoin over the Fiat of the Country?
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It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
Nice to hear about this but I think bank won't support bitcoin.
Especially the government still against bitcoin.
If the bank support bitcoin , we will see crypto more expensive and more popular.
But let's see.