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akamit
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May 25, 2016, 08:58:31 AM |
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I think I'm little bit lazy, little bit smart.
So I will choose bitcoin.
If I will choose bank then I have to go to bank for making transactions.
But If I have bitcoin I can do it from anywhere.
As I do Import/export business,
I wish I could get the opportunity to pay/receive payments by bitcoin.
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hermanhs09
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May 25, 2016, 09:14:19 AM |
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By using bitcoin you are being your own bank. There is really no need for a central bank or commercial banks when you use bitcoin. You are holding the private keys and only you own the bitcoins. No one else can access it. While if you deposit currency into a bank you're basically trusting them to stay legit. And banking people are always not very trustworthy  So I prefer a bitcoin wallet, because bitcoin wallets are very easy to use, and it involves less fees. |
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relq
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May 25, 2016, 09:33:56 AM |
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If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.
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avw1982
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May 25, 2016, 10:55:30 AM |
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If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.
Bank does their work for the routine life and Bitcoin can be for online and technology gain. and like what you said better choosing any one we can have both and work on that. In my opinion Both are correct on their side, Bitcoin is just like gold we can hold and keep it if it raise we will be happy even if it goes down we dont have problem... |
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JessicaSe
Legendary
 Offline
Activity: 840
Merit: 1000
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May 25, 2016, 11:14:33 AM |
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If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.
If you have huge amount of cash money then bank is the best option as it will also give you higher interests, bitcoin is good as if you save it can grow in future if price goes higher. |
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Nowl1935
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May 25, 2016, 11:29:30 AM |
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I only have bitcoin wallet cause im at a minor age, i do not have bank account cause i do not have money to deposit their and they have many requirements before you make you own account, its very easy to make bitcoin wallet and some of the wallet dont need any requirements
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bestluck
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May 25, 2016, 11:40:03 AM |
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in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account  Nowadays we do not have to bring xapo and coinbase at one level , as now xapo is more secure than coinbase, coinbase has a lot of issues and everyone is claiming that they are losing their money, so remain on xapo. and xapo is not running like bank system as bank has big fees and xapo is , I think near to free. |
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Altynbekova
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May 25, 2016, 12:56:41 PM |
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If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.
If you have huge amount of cash money then bank is the best option as it will also give you higher interests, bitcoin is good as if you save it can grow in future if price goes higher. Yes with a lot of cash a bank its a bit better due to the fact that you can easily turn it into a bank, with the bitcoin is a little bit difficult due to the fact you need to transfer on a way more difficult way. |
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danherbias07
Legendary
Offline
Activity: 3122
Merit: 1119
Leading Crypto Sports Betting & Casino Platform
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May 25, 2016, 01:08:34 PM |
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If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.
If you have huge amount of cash money then bank is the best option as it will also give you higher interests, bitcoin is good as if you save it can grow in future if price goes higher. Yes with a lot of cash a bank its a bit better due to the fact that you can easily turn it into a bank, with the bitcoin is a little bit difficult due to the fact you need to transfer on a way more difficult way. You could also try to put some in bitcoin and see which is more faster when it comes to profit. Banks got annual or semi annual interest and it takes a really long time before you will see a good number of interest. |
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HostSurf
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May 25, 2016, 02:24:08 PM |
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The best thing you could use is a normal bank account that is because dollars will always stay and never gone away instead of the bitcoin. The bitcoins are new so that they cant be trusted in online wallets so use banks.
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agustina2
Legendary
Offline
Activity: 2436
Merit: 1008
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May 25, 2016, 02:43:13 PM |
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in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account Nowadays we do not have to bring xapo and coinbase at one level , as now xapo is more secure than coinbase, coinbase has a lot of issues and everyone is claiming that they are losing their money, so remain on xapo. and xapo is not running like bank system as bank has big fees and xapo is , I think near to free. So far two companies are doing good. And can you link some news or any related article about losing money on coinbase? If that is really happening proofs must be shown rather than to complain. Both companies are registered legally so I don't think they will just go on with a big money. They can't enjoy it because they will be sued under the law. |
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Galiatram
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May 25, 2016, 02:54:17 PM |
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The banks will always be better then the bitcoin wallets the wallets from now are to easy to hack you know. There are allot of hackers going trough the bitcoin because he is new. Banks can also be hackd but your money is save
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Whosdaddy
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May 25, 2016, 07:59:52 PM |
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in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account Nowadays we do not have to bring xapo and coinbase at one level , as now xapo is more secure than coinbase, coinbase has a lot of issues and everyone is claiming that they are losing their money, so remain on xapo. and xapo is not running like bank system as bank has big fees and xapo is , I think near to free. In addition to what you said, wasn't Coinbase just recently been attacked? I mean, for Xapo having a two-factor aunthentication is a very good way of securing accounts (unless they themselves steal from the users, which is highly unlikely though). |
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BitcoinSupremo
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May 25, 2016, 08:56:34 PM |
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Desktop bitcoin wallet. I am having a lot of fun saving my bitcoins in electrum in Linux, once I need cash, I exchange them through Skrill via payexchanger which I just used today for second time and is going great, then withdraw from ATM. Its much better this way then holding your funds in a bank, but not many people can see the advantages until today, hope they read this and rethink their way of storing money  |
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Wendigo
Legendary
Offline
Activity: 2604
Merit: 1036
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May 25, 2016, 09:09:12 PM |
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And how much did you pay in fees for that Payexchanger service? I didn't know about them till now so I decided to check out their fees and apparently to exchange 1 Bitcoin to Skrill you will lose 37$ and then I am guessing you have to pay again Skrill fees to get your cash out of there plus you need to pay ATM fees when you are withdrawing in your country. I wonder why you have gone through all that hassle when you could have just done a SEPA transfer to your bank account for a lot less in fees anyways. I guess you live in the European Union and this is maybe the cheapest way around to exchanging Bitcoin back to fiat.
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Superways
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May 25, 2016, 09:15:27 PM |
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in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account Nowadays we do not have to bring xapo and coinbase at one level , as now xapo is more secure than coinbase, coinbase has a lot of issues and everyone is claiming that they are losing their money, so remain on xapo. and xapo is not running like bank system as bank has big fees and xapo is , I think near to free. In addition to what you said, wasn't Coinbase just recently been attacked? I mean, for Xapo having a two-factor aunthentication is a very good way of securing accounts (unless they themselves steal from the users, which is highly unlikely though). The most better option for all of us is that, we will have to use desktop bitcoin wallet, it is more secure than any online wallet service like xapo or coinbase etc. with desktop wallet we will have full control over our coins and there will be no any fear of losing our money. |
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fkvidar
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May 25, 2016, 09:27:53 PM |
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I am using both of them at this stage as I think both are good and important to have at the time of emergencies, and both of them are taking best care of me.
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praprata
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May 25, 2016, 09:41:13 PM |
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The bank is way better than any bitcoin wallet in my eyes because if you have a problem you can go to the bank with wallets this is not the point at all.
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delliaerd
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May 25, 2016, 09:58:32 PM |
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I am using both of them at this stage as I think both are good and important to have at the time of emergencies, and both of them are taking best care of me.
Each bitcoin wallet and bank is very useful for us. You have right way when you use both of these. Because we can get more benefits and more profit . |
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dezoel
Legendary
Offline
Activity: 2016
Merit: 1072
Leading Crypto Sports Betting & Casino Platform
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May 25, 2016, 10:14:19 PM |
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I am using both of them at this stage as I think both are good and important to have at the time of emergencies, and both of them are taking best care of me.
Each bitcoin wallet and bank is very useful for us. You have right way when you use both of these. Because we can get more benefits and more profit . If you have an option to use both of them then why to choose a single one, go for both of them and try to grab as much benefits as you can. |
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