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Question: Do you trust your life wealth more btc or Banks
I trust Banks more - 5 (15.2%)
I trust btc more - 21 (63.6%)
I dont trust my life wealth not bank not in btc - 7 (21.2%)
Total Voters: 33

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Author Topic: Do you still use Banks ?  (Read 1126 times)
bakasabo
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December 20, 2023, 08:59:24 AM
 #201

  I don't have a bank account, but most people still use the bank, and the majority still trust the bank. The only ones who don't trust the bank are mostly communities here in the cryptocurrency business.

  And I may still have trust in the bank but I don't think of putting a large amount in the bank, I would rather hold money for cryptocurrency than Bitcoin. Of course that's because I have an idea and knowledge about cryptocurrency compared to the bank.

I dont know where you are from, but how are you getting paid for a job? I havent seen an employer for long time, that pays in cash. Either all you do are part-time jobs, or work as a handyman, or you are paid in envelopes. Cant imagine if you would have to purchase something expensive. You going to bring a briefcase with cash or what? How you going to solve the situation, when your amount of cash starts to grow physically? First store in a wallet, than in a small bag, briefcase, luggage bags different sizes, cupboard and so on?

R


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icalical
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December 20, 2023, 10:14:57 AM
 #202

I would say I currently trusting my fund to Bank more than to BTC not because Bank is better or more secured, I think Bitcoin is more secured, but currently Bitcoin is not a legal tender in my country.I don't have other options, I need to have Bank account to swap my Bitcoin into local fiat so I can spend the money to fulfill my needs.

There maybe other option like Bitcoin Debit Card, but it's very rare in here, and the fee to use it is too expensive. And I believe I am not the only one, I think most people in this forum has the same case with me.

lizarder
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December 20, 2023, 01:59:39 PM
 #203

Yes, I am also one of those people who still use banks, because there is no other choice for me so I still have to continue using money, especially since it is true that crypto is used as a commodity asset, and legal payments are still using fiat money.
I often shop at online shops and I always use a bank for the payment method, even though there is a pay-on-site feature, for me personally I am not comfortable because I am worried that the item I ordered will arrive while I am not at home, so I pay through the available payment methods, one of which is a bank.
I think it will take a very long time if I want to move away from using banks.
More simply use a bank to support your daily life, both to buy goods and other needs, and for the rest, use Crypto for investment assets. If both can be used simultaneously there is no harm because in our time we must be able to keep up with all developments.

For purchasing problems in online stores, you can visit stores that already have many followers and read descriptions of people's comments. I have a clothing shop and so far I have had an online shop ordering service, now you don't need to come to the shop to shop because there are quite a lot of online shop services available that people can use. There are two payment models that you can use, paying directly with the bank or following the COD system.

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December 20, 2023, 03:58:22 PM
 #204

I hold bitcoin and few shitcoins. But that is for investment and store if value. Store of value for Bitcoin. Gambling for altcoins. So I convert altcoins to bitcoin or stable coin when it is time.

I still use fiat because people in my country are buying and selling with fiat. You will find it hard and frustrating to buy with bitcoin or other crypto. I prefer to use crypto, but the way my country is do not let me.
Every country needs fiat money to meet daily expenses. And to keep money safe you must use a bank and that's why every person must use a bank because so far in every country around the world Bitcoin can't be used legally and payments can't be made everywhere like debit and credit cards and that's why we still have banks  Although we know about and use Bitcoin. Bitcoin is a potential currency, but it has yet to create an environment for widespread use. But maybe in the future people will accept Bitcoin everywhere but it will take many years. therefore, it is not possible to avoid banks at present yet

pusaka
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December 20, 2023, 04:18:19 PM
 #205

Yes, I am also one of those people who still use banks, because there is no other choice for me so I still have to continue using money, especially since it is true that crypto is used as a commodity asset, and legal payments are still using fiat money.
I often shop at online shops and I always use a bank for the payment method, even though there is a pay-on-site feature, for me personally I am not comfortable because I am worried that the item I ordered will arrive while I am not at home, so I pay through the available payment methods, one of which is a bank.
I think it will take a very long time if I want to move away from using banks.
More simply use a bank to support your daily life, both to buy goods and other needs, and for the rest, use Crypto for investment assets. If both can be used simultaneously there is no harm because in our time we must be able to keep up with all developments.

Yeah obviously I use both and I use them from different sides. Maybe I can transact with crypto, but it's only with friends who are also using it.
If we look at the times, there are now a lot of digital wallets that offer convenience for their users. In fact, I don't see any young people who don't have a digital wallet or e wallet.
I also sometimes use it, besides banks I also use e wallets. Inevitably we have to keep up with developments, including challenges like this. And undeniably, it has its benefits before we can really use crypto fully in all aspects.

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