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bestluck
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July 19, 2016, 12:34:53 PM |
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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.
Yeah, that is the best feature in banks and with that it is much better than bitcoin, while in bitcoin when you lose your password there you will lose your coins and will remained locked in your account, But due to high fees and tax I will not prefer banks but will prefer bitcoin. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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malikusama
Copper Member
Sr. Member
 Offline
Activity: 1050
Merit: 294
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July 19, 2016, 12:40:27 PM |
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Bitcoin wallet is best because the bank can introduce the regulations and exchange policies according to their benefits.
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Jimbola3
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July 19, 2016, 02:50:06 PM |
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Bitcoin wallet is best because the bank can introduce the regulations and exchange policies according to their benefits.
hmm i couldn't understand you ? you said bitcoin wallet is best but saying things about bank ! in my opinion bank and bitcoin wallet are both good in their own place( fiat and crypto currency ) |
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propofol99
Newbie
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Activity: 29
Merit: 0
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July 19, 2016, 02:52:13 PM |
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I have both, bank account and a wallet.
I'm not planing on getting rid of one of those two.
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Maesters1-
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July 19, 2016, 03:24:29 PM |
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I have both, bank account and a wallet.
I'm not planing on getting rid of one of those two.
yes that is such a good answer. i think both have their own importance and we cannot ignore the importance of one. i think in future both the band and wallet will do support each other and they will really work together. we will need both the wallet and the bank account. |
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amiraja
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July 19, 2016, 03:50:21 PM |
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I chose them because I need a bank and wallet
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katrimans
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July 20, 2016, 12:41:34 PM |
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Bitcoin Wallet of course, can be used anytime and where ever you are, easy and faster better than Bank, when send big money from Bank it will take so much time to Send and needed many information but when using Bitcoin Wallet just like 1 minute  but you cannot ignore the importance of bank. you can have access to your bank account from everywhere. the second thing is that still bitcoin is not legalized everywhere so what will do where bitcoin is not legalize. You're right, what ever I just tell my opinion and I think for my personal bitcoin wallet is more good. But like I said bank can't be fast and easy to use like bitcoin wallet even we can access it everywhere but can we withdraw the money everywhere ? sure you can,there's so damn many debit card service out there which accept bitcoin to load your cards and you can withdraw it on nearby atm,just buy their plastic card first,and the function is the same as bank's credit card or debit card Indeed but I was talking about bank withdraw, maybe in bank atm have a limit to cashout the money for each day but in bitcoin do we have that limit? nah no Bitcoin Wallet don't have limit CMIIW. I am in the same boat as you, as well as many others. It is indeed safer to have our assets saved in a bank than in a bitcoin wallet because of the risks of our assets losing value. While that, our coins also have the upper hand of increasing value and making more out of it. |
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MinerHQ
Legendary
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Activity: 1456
Merit: 1023
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July 20, 2016, 01:07:39 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.
Off course Bank, Because the Bank is the safest and legal way to save my money. If anything happens to the bank, i can get my deposit back. But in Bitcoin, it is not that easy If anyone hacked my wallet and stole my coins means I don't know what to do. And where to go. If the same thing happens in Bank, i will just give one complaint, and I am sure that my money will back within few days. So I prefer Bank. |
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Andarin
Newbie
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Activity: 38
Merit: 0
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July 20, 2016, 01:47:01 PM |
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I still prefer bank because we can't be sure in Bitcoin because what if the price goes down? then the value of your money will goes down as well. That is why it is so important that you have savings in your bank account. But also it is a good thing to put some amount in your Bitcoin because you should consider it as a good investment.
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randy8777
Legendary
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Activity: 896
Merit: 1000
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July 20, 2016, 02:05:58 PM |
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I still prefer bank because we can't be sure in Bitcoin because what if the price goes down? then the value of your money will goes down as well. That is why it is so important that you have savings in your bank account. But also it is a good thing to put some amount in your Bitcoin because you should consider it as a good investment.
i agree with the fact that people should have some money in a savings account aside for when they need it. but if you just keep the coins in your wallet and the price goes down, it doesn't mean you have lost money, although it may feel like so for some people. you only lose money when you sell your coins for a lower rate than where you bought them for. very simple. basically the same goes up with your coins going up in value. you only get to benefit from the profit when you sell. |
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danherbias07
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Merit: 1119
Leading Crypto Sports Betting & Casino Platform
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July 20, 2016, 02:14:47 PM |
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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.
Yeah, that is the best feature in banks and with that it is much better than bitcoin, while in bitcoin when you lose your password there you will lose your coins and will remained locked in your account, But due to high fees and tax I will not prefer banks but will prefer bitcoin. That is one good fact. Because all your information is in there, you will just have to present your identification then they can start tracing everything. Good thinking for that and bitcoin cannot do that for there is no manager in it. It is your own so you are the only one who will protect it. |
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Anon_7716
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July 20, 2016, 03:25:04 PM |
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I chose them because I need a bank and wallet
Of course, for the BANK is that we always need to do transactions that have yet to be carried out by the bitcoin. Hence, I also chose the second of these (bank and bitcoin). If 90% of the Bitcoin took over all the activities that can be done by bank (transactions) then I would prefer a bitcoin |
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langedwig
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July 20, 2016, 03:28:12 PM |
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Bitcoin can't be defeated by any banks. I am sure many banks will accept the BTC. so instead of defeating it majority of the banks will adopt bitcoins.
This will depend on the individual. I will go for BTC.
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Mumbeeptind1963
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July 20, 2016, 03:33:35 PM |
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I choose bank because is more safest than to bitcoin. If you have a lot of money i think you may choose bank. These is for your safety and you have get profit too like bitcoin its also can double or triple your money in the bank coz your money got interest monthly. Bitcoin is not safe for a big money becausr you dont know who made bitcoin wallet.
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X-ray
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July 20, 2016, 03:39:40 PM |
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I choose bank because is more safest than to bitcoin. If you have a lot of money i think you may choose bank. These is for your safety and you have get profit too like bitcoin its also can double or triple your money in the bank coz your money got interest monthly. Bitcoin is not safe for a big money becausr you dont know who made bitcoin wallet.
interest monthly is not that big,most of them only 1% and you'll be charged fee, if your money wasn't big enough,will only losing money because of fees at the end of the month and it's can't even doubled your money or even tripled in 1 year |
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JeffBrad12
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July 20, 2016, 03:59:51 PM |
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I choose bank because is more safest than to bitcoin. If you have a lot of money i think you may choose bank. These is for your safety and you have get profit too like bitcoin its also can double or triple your money in the bank coz your money got interest monthly. Bitcoin is not safe for a big money becausr you dont know who made bitcoin wallet.
The disadvantages of bitcoin are a lack of the prevention if at any time the wallet or another form like that is getting a crime and lost all of your money in the wallet. because of that I sure is bank it's more safety to save a huge of your money.it's difficult to taking any action if getting a crime for ourselves. |
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takingthis4
Sr. Member
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Activity: 504
Merit: 250
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July 20, 2016, 04:07:00 PM |
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i think both have their importance and we cannot ignore one.
thats true, it is better not to think that banks are not important at all and that we do not need them, in my opinion bitcoin will be more important in the future and it will replace banks |
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kryptqnick
Legendary
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Merit: 1385
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July 20, 2016, 04:07:15 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 BTC wallet, because a bank can say it is bankrupt, so I can lose my money |
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escrowboy
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July 20, 2016, 04:18:51 PM |
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I choose bank because is more safest than to bitcoin. If you have a lot of money i think you may choose bank. These is for your safety and you have get profit too like bitcoin its also can double or triple your money in the bank coz your money got interest monthly. Bitcoin is not safe for a big money becausr you dont know who made bitcoin wallet.
Safer than bitcoin? Once you put your money in bank it will be under observe by goivernments since banks is connected with government you have. Once you put your money in bank it will be included in deflation of paper money. |
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btcking101
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July 20, 2016, 04:21:20 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 BTC wallet, because a bank can say it is bankrupt, so I can lose my money No i dont think bank can say like that my opinion is bank is much safer that a bitcoin wallet.We always hear wallet being hacked and btc stolen then there is no chance to recover your btc bank.But in bank even there is robbery but your money in account doesnt get deducted. |
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