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Sorrowfox
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July 18, 2016, 09:02:32 AM |
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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.
...for what?  If you want to hold currency for a long time, Bitcoin is probably better, since FIAT is subject to inflation and also can go up or down, just like BTC. So what do you want to do with that currency? What is your goal? Because the proper answer depend on what you're trying to do. Yeah I really do agree with what you have said. it really depends on your purpose and to the type of person who will use it. If the person is more on transacting with people far from his country, i suggest he should use bitcoin wallet to avoid high remittance fee but if he is only transacting with people within his country, he should use bank account containing the money in their local currency to avoid the currency exchange risk which will lead to loss of value or increase in value. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Coin_trader
Copper Member
Legendary
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Activity: 2772
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Leading Crypto Sports Betting & Casino Platform
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July 18, 2016, 09:07:20 AM |
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i'd rather go to Bitcoin Wallet cause the banks needs so many documents while bitcoins is instant and fast on transactions. Banks are afraid on bitcoin beacuse the rising of bitcoin is their downfall.
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icecube45
Legendary
Offline
Activity: 1218
Merit: 1000
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July 18, 2016, 12:40:58 PM |
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i'd rather go to Bitcoin Wallet cause the banks needs so many documents while bitcoins is instant and fast on transactions. Banks are afraid on bitcoin beacuse the rising of bitcoin is their downfall.
No increase in bitcoin will not affect the bank. Because the bank will continue to be updated so that it will be able to follow the changing times and be competitive. I really like both of them because bitcoin wallet and banks have their respective roles and benefits of each. |
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airsounds
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July 18, 2016, 12:50:55 PM |
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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, as in back, when you keep money there you can earn but not as much as you can earn from keeping bitcoins in bitcoin wallet after price pump |
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MTBTT
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July 18, 2016, 12:54:51 PM |
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I choose bitcoin wallet just for doing transaction online so the payment can be fast, but still all of my money is in the hands of bank.
yeah for me to use bitcoin transaction online to conduct online transactions and payments. for on-line transaction I will use the bank |
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ice098
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July 18, 2016, 01:00:14 PM |
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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.
For me i choose bitcoin, bitcoin can double your money it is depend on the price of bitcoin. But in Bank your money will grow but it takes too much time and i think you need too much time to double your money in banks. In bitcoin you can double your money but it is depend on your strategy in trading this coin. |
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GregH37
Legendary
Offline
Activity: 1302
Merit: 1037
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July 18, 2016, 01:18:37 PM |
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I choose bitcoin wallet just for doing transaction online so the payment can be fast, but still all of my money is in the hands of bank.
I don't know it is a good or bad but I don't have fiat money. I only have bitcoins my all work's payments are in bitcoin. so My whole money in bitcoins. but I also know important of banks. I know one day I'll change all my bitcoins to fiat and store them into bank account. |
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Imoote
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July 19, 2016, 04:56:16 AM |
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I choose bitcoin wallet just for doing transaction online so the payment can be fast, but still all of my money is in the hands of bank.
I don't know it is a good or bad but I don't have fiat money. I only have bitcoins my all work's payments are in bitcoin. so My whole money in bitcoins. but I also know important of banks. I know one day I'll change all my bitcoins to fiat and store them into bank account. Yes maybe it does not matter if many who accept bitcoin your area, it will makes it easy to use. If I had better have a bank and bitcoin wallet because both are very important. I can benefit with bitcoin and I could save money in the bank. bank and bitcoin wallet have their respective roles. |
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madwica
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July 19, 2016, 05:53:32 AM |
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I choose bitcoin wallet just for doing transaction online so the payment can be fast, but still all of my money is in the hands of bank.
I don't know it is a good or bad but I don't have fiat money. I only have bitcoins my all work's payments are in bitcoin. so My whole money in bitcoins. but I also know important of banks. I know one day I'll change all my bitcoins to fiat and store them into bank account. Really you don't have fiat money at all? So you are totally depending on bitcoins today. So bitcoin wallet is now your bank and your wallet address is your bank account. But for sure you are going to try to withdraw your bitcoins into fiat money and deposit it to bank soon. Not that good if you only depending in bitcoin cause bitcoin is not yet legal to spend in local stores that is why we need fiat for that and also you will need to have bank account for safe keeping of your money and it is less risk while in bitcoin wallet there is possibility to lost your bitcoin if the bitcoin address got corrupted. |
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tabas
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July 19, 2016, 06:04:39 AM |
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I choose bitcoin wallet just for doing transaction online so the payment can be fast, but still all of my money is in the hands of bank.
I don't know it is a good or bad but I don't have fiat money. I only have bitcoins my all work's payments are in bitcoin. so My whole money in bitcoins. but I also know important of banks. I know one day I'll change all my bitcoins to fiat and store them into bank account. Really you don't have fiat money at all? So you are totally depending on bitcoins today. So bitcoin wallet is now your bank and your wallet address is your bank account. But for sure you are going to try to withdraw your bitcoins into fiat money and deposit it to bank soon. Not that good if you only depending in bitcoin cause bitcoin is not yet legal to spend in local stores that is why we need fiat for that and also you will need to have bank account for safe keeping of your money and it is less risk while in bitcoin wallet there is possibility to lost your bitcoin if the bitcoin address got corrupted. Yes it is not good that you are just going to depend on bitcoin, bitcoin is just a back up currency and it is better to always rely to your countries currency. Because still bitcoin is not stable at all and we don't know what is going to happen in future. But of course you are going to be lucky if bitcoins price is going to have higher price. |
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btcking101
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July 19, 2016, 06:07:22 AM |
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Bitcoin wallet is safer than having any money in a bank. They are thieves themselves with your money. Using it for offshore dealings. And not to forget about the bank fees  Yes indeed bank incurred more costs than bitcoin. But in my opinion is more secure than bitcoin bank because the bank could menjadim our money safe so that the money may not be lost. While in bitcoin wallet no collateral and many scammers that steal our bitcoin. Each has advantages and disadvantages. But in my opinion, the banks and bitcoin wallet has an important role. Yes right our moey is much safer in bank rather than in a bitcoin wallet.I dont think they are theives yes they have some fees but they also gives the interest which bitcoin wallet doesnt. |
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tabas
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July 19, 2016, 06:34:25 AM |
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Bitcoin wallet is safer than having any money in a bank. They are thieves themselves with your money. Using it for offshore dealings. And not to forget about the bank fees Yes indeed bank incurred more costs than bitcoin. But in my opinion is more secure than bitcoin bank because the bank could menjadim our money safe so that the money may not be lost. While in bitcoin wallet no collateral and many scammers that steal our bitcoin. Each has advantages and disadvantages. But in my opinion, the banks and bitcoin wallet has an important role. Yes right our moey is much safer in bank rather than in a bitcoin wallet.I dont think they are theives yes they have some fees but they also gives the interest which bitcoin wallet doesnt. I agree our money is much more safe in the bank if we are going to deposit it there. And while it is on the bank there is a very small interest that the bank is going to return to you. But don't rely on it coz' it is very small interest after all. And it is not sufficient if you are going to depend on it. |
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KaliLinux
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July 19, 2016, 06:38:41 AM |
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Everyone will have to decide do they have to trust more a bank or Bitcoin wallet and how much. If you have a hope in Bitcoin then I guess you have already converted all your currency into the BTC. However you still should not close the bank account since BTC is not reaches over to most of the people in different countries.
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tabas
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July 19, 2016, 06:43:11 AM |
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Everyone will have to decide do they have to trust more a bank or Bitcoin wallet and how much. If you have a hope in Bitcoin then I guess you have already converted all your currency into the BTC. However you still should not close the bank account since BTC is not reaches over to most of the people in different countries.
Well that's true it is going to depend to the person on what he is going to choose and comfortable on what he is going to use. we can't please each people and what we are going to do is to give our suggestions. If they are convenient in using bitcoin wallet, then let it be. |
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icecube45
Legendary
Offline
Activity: 1218
Merit: 1000
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July 19, 2016, 08:31:36 AM |
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Everyone will have to decide do they have to trust more a bank or Bitcoin wallet and how much. If you have a hope in Bitcoin then I guess you have already converted all your currency into the BTC. However you still should not close the bank account since BTC is not reaches over to most of the people in different countries.
Well that's true it is going to depend to the person on what he is going to choose and comfortable on what he is going to use. we can't please each people and what we are going to do is to give our suggestions. If they are convenient in using bitcoin wallet, then let it be. Yes true once everyone has their own convenience to use a bank or bitcoin wallet. But I myself use them because I need both. I need bitcoin for profit and I needed a bank to save money. |
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sirohige
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July 19, 2016, 08:37:12 AM |
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Everyone will have to decide do they have to trust more a bank or Bitcoin wallet and how much. If you have a hope in Bitcoin then I guess you have already converted all your currency into the BTC. However you still should not close the bank account since BTC is not reaches over to most of the people in different countries.
at this momenth, it's very hard to live without bank, we can't save all of our money at bitcoin, because we can't find vending machine everywhere, amybe after bitcoin ATM avaible everywhere we can use only bitcoin without bank |
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ASHLIUSZ
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July 19, 2016, 10:18:26 AM |
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bitcoin cannot overcome banks. If your credit card is stolen or somebody hacks into your bank account there is a good chance you will not lose any money as banks will fix your balance. Even cash can be potentially recovered if the police acts fast. But with Bitcoin if you lose it you lost it for good. There is no mechanism to recover stolen or lost Bitcoins.
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karachi dolphen
Newbie
Offline
Activity: 6
Merit: 0
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July 19, 2016, 11:35:10 AM |
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i think both have their importance and we cannot ignore one.
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youhgt2
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July 19, 2016, 11:51:20 AM |
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both have their own importance we will see in the future the importance of both and both will work side by side.
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X-ray
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July 19, 2016, 11:58:57 AM |
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bitcoin cannot overcome banks. If your credit card is stolen or somebody hacks into your bank account there is a good chance you will not lose any money as banks will fix your balance. Even cash can be potentially recovered if the police acts fast. But with Bitcoin if you lose it you lost it for good. There is no mechanism to recover stolen or lost Bitcoins.
that's why bank will charge you fee every damn month or even weekly,if bitcoin were regulated and will be charged fee just like bank,the government will trying to guard the bitcoin users as long it'll give benefits to the government |
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