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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
7Priest7
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April 08, 2016, 01:20:40 PM
 #1341

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

i would choose bitcoin wallet because  i don't really trust banks, because there are lots of stories when banks didn't give you your money, money that you store in banks, while nobody will stop you from using your money in bitcoin wallet, also storing bitcoins in wallet can give you lots of profit after bitcoin price rise
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April 08, 2016, 01:25:08 PM
 #1342

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

i would choose bitcoin wallet because  i don't really trust banks, because there are lots of stories when banks didn't give you your money, money that you store in banks, while nobody will stop you from using your money in bitcoin wallet, also storing bitcoins in wallet can give you lots of profit after bitcoin price rise

Banks pays you interest on regular interval, and in bitcoin you need to continuously make efforts to grow it, bitcoin wallets are safe no doubt about that, but banks are also necessary for day to day transactions.
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April 08, 2016, 04:19:16 PM
 #1343

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

i would choose bitcoin wallet because  i don't really trust banks, because there are lots of stories when banks didn't give you your money, money that you store in banks, while nobody will stop you from using your money in bitcoin wallet, also storing bitcoins in wallet can give you lots of profit after bitcoin price rise

Banks pays you interest on regular interval, and in bitcoin you need to continuously make efforts to grow it, bitcoin wallets are safe no doubt about that, but banks are also necessary for day to day transactions.

That is correct. Bitcoin are really safe if you hold it by yourself and not storing it in a online wallet.

With the banks, the money here is safe too and I don't believe that you won't get your money bank once the bank experience robbery or something. And besides why choose bank that are not pretty strong and stable.
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April 08, 2016, 04:32:52 PM
 #1344

at this time i need bank everyday/week but for bitcoin sometimes i need it 1time perweek/permonth. the user of bank is higher than bitcoin. so i recomended use bank

I would like to use a bitcoin wallet over a bank. But since lack of adoption of bitcoin as of today, I have no choice but to use a bank as well.
Maybe one day it will be possible for us not to depend on a bank anymore. So I waiting for that day...
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April 08, 2016, 04:42:30 PM
 #1345

at this time i need bank everyday/week but for bitcoin sometimes i need it 1time perweek/permonth. the user of bank is higher than bitcoin. so i recomended use bank

I would like to use a bitcoin wallet over a bank. But since lack of adoption of bitcoin as of today, I have no choice but to use a bank as well.
Maybe one day it will be possible for us not to depend on a bank anymore. So I waiting for that day...

Yeah in future that seems to be possible that we will be using only bitcoin wallet but right now banks is the necessity for the majority of us and we cannot leave it at a moment.
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April 08, 2016, 04:57:08 PM
 #1346

at this time i need bank everyday/week but for bitcoin sometimes i need it 1time perweek/permonth. the user of bank is higher than bitcoin. so i recomended use bank

I would like to use a bitcoin wallet over a bank. But since lack of adoption of bitcoin as of today, I have no choice but to use a bank as well.
Maybe one day it will be possible for us not to depend on a bank anymore. So I waiting for that day...

Yeah in future that seems to be possible that we will be using only bitcoin wallet but right now banks is the necessity for the majority of us and we cannot leave it at a moment.
you are right. even now, I am today need both, I need a bank one time each week to receive my income from bitcoin, bitcoin wallet while I needed every 3 times / week to receive the results of my hard work looking for bitcoin
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April 08, 2016, 05:15:21 PM
 #1347

We(digital currency users) have a bright future, but for now its impossible to use only bitcoins....unfortunately...
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April 08, 2016, 05:20:23 PM
 #1348

Banks will not accept bitcoins. And government is the reason behind it.  Until and unless government do not legalize bitcoin or start encouraging it's use bitcoins will not be accepted by banks.
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April 08, 2016, 06:13:55 PM
 #1349

We(digital currency users) have a bright future, but for now its impossible to use only bitcoins....unfortunately...
yeah its a pity, to be honest i often wonder what would life and all the society be without paper money and only with bitcoins that would be truly amazing as everyone would use their phones for payment

i would definitely be for a bitcoin wallet because in my opinion its way more safe than a bank and with bitcoin wallet you can be a bank yourself so theres no need to have someone hold your money
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April 08, 2016, 06:21:16 PM
 #1350

to be your only owner of your money it is something really good and that is why i like bitcoin there is no controle from anyone in my money.
so i will chose bitcoin wallet because even if bank give profit for saving your money in it, it is hard to manage your money as you like.

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April 08, 2016, 06:30:19 PM
 #1351

We(digital currency users) have a bright future, but for now its impossible to use only bitcoins....unfortunately...
yeah its a pity, to be honest i often wonder what would life and all the society be without paper money and only with bitcoins that would be truly amazing as everyone would use their phones for payment

i would definitely be for a bitcoin wallet because in my opinion its way more safe than a bank and with bitcoin wallet you can be a bank yourself so theres no need to have someone hold your money
My option is sure for bitcoin as control of our money is with us. You can transfer money to anyone anywhere in the world, anonymous, but with banks it is not the case.

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April 08, 2016, 06:33:41 PM
 #1352

to be your only owner of your money it is something really good and that is why i like bitcoin there is no controle from anyone in my money.
so i will chose bitcoin wallet because even if bank give profit for saving your money in it, it is hard to manage your money as you like.
i would choose bitcoin wallet too to hold all my funds though its a pity that you cant spend your bitcoins anywhere you want right now and thats a huge drawback i think

if there were more shops that would accept bitcoin i would definitely go with bitcoin wallet though i have to choose a bank wallet right now unfortunately
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April 09, 2016, 03:38:43 AM
 #1353

I would go for a bitcoin wallet all the way. It is way more convenient. I think that people will chose it too since the wallet is better.
Also sending money from there is much cheaper.

in my country if you send your money with other member of same bank the fee is 0 (zero)
the transaction faster than bitcoin Roll Eyes

i think you need bank account for daily activity

In many countries, sending money to same bank in the same country is free of cost, so what's new???
But with BTC wallet, you can send BTC for the least fee based on the bytes of the transaction and not that $100 - $1000 fee that you need to spend while transferring money through Bank Wire in different countries...

in this case bitcoin is winner, but we can't life without bank, we use bank as financial country, the economic growth of a country can be determined by the number of bank earnings, and the level of public confidence in the bank
but a little I would add that without bank, bitcoin will be difficult to use, because the bank mean the central system of bitcoin. and why ?basically bitcoin created in order to put our money into a more complex form ie bitcoin

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April 09, 2016, 04:07:05 AM
 #1354

I would go for a bitcoin wallet all the way. It is way more convenient. I think that people will chose it too since the wallet is better.
Also sending money from there is much cheaper.

in my country if you send your money with other member of same bank the fee is 0 (zero)
the transaction faster than bitcoin Roll Eyes

i think you need bank account for daily activity

In many countries, sending money to same bank in the same country is free of cost, so what's new???
But with BTC wallet, you can send BTC for the least fee based on the bytes of the transaction and not that $100 - $1000 fee that you need to spend while transferring money through Bank Wire in different countries...

in this case bitcoin is winner, but we can't life without bank, we use bank as financial country, the economic growth of a country can be determined by the number of bank earnings, and the level of public confidence in the bank
but a little I would add that without bank, bitcoin will be difficult to use, because the bank mean the central system of bitcoin. and why ?basically bitcoin created in order to put our money into a more complex form ie bitcoin

Yes very rully true but i think the point in the post is where is better way to multiply or earn money in bitcoin wallet or bank.
In bitcoin wallet its very risky yet better to save your btc in their we dont know if our investment money will be double or triple if the price of bitcoin is pump. While in bank you will get return  of profit annually but your money is very safe from their.

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April 09, 2016, 07:53:33 AM
 #1355

Bitcoin Wallet off course and Just say No to the banks who takes lots of setup fee, transaction fee and a lot of paper works. On the other bitcoin Wallets easy to setup, very low or minimal transaction fee and above all no complicated Paper work etc.
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April 14, 2016, 06:56:49 PM
 #1356

Bitcoin Wallet off course and Just say No to the banks who takes lots of setup fee, transaction fee and a lot of paper works. On the other bitcoin Wallets easy to setup, very low or minimal transaction fee and above all no complicated Paper work etc.
Yes, I do agree that from many aspects bitcoin wallets work better and have lower risks, however they have some risks too.

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April 14, 2016, 07:16:50 PM
 #1357

I prefer bitcoin when the question comes about the fees and other taxes while for the security especially from the volatility and price decrease I will prefer the banks.
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April 14, 2016, 07:37:16 PM
 #1358

I prefer bitcoin when the question comes about the fees and other taxes while for the security especially from the volatility and price decrease I will prefer the banks.
Indeed I also prefer the bitcoin wallet for the security because its very safe and easy to pay with it also.
Another thing why I'm choosing is because it can be controlled by yourself.
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April 14, 2016, 07:37:58 PM
 #1359

When the power goes out I presume that atms stop working,can some one confirm that aspect?
I know it sounds dumb but I have never actually hit the bank when the power is out in the area and bring it up because bitcoin wallet would only be retrievable if the internet was up for most people.
Be interesting if there was a way to have bitcoin transfer without actual internet,like access to bitcoin back and forth in this manner.

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April 14, 2016, 11:00:59 PM
 #1360

for ease and speed I prefer bitcoin. but, for security I rely heavily on bank

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