Bank or Bitcoin Wallet?

[Labumi]

For me i choose both i used bitcoin as my other investment while in bank account you will less the risk of your money because bank have a physical can able to see while in bitcoin can disappear even in one click because it is online without assurance if your money back if they will disappear.

Yes, choosing both must be the practical solution to solve what ever financial demands for those who are having some issues in both bitcoin and fiats alternatively. As long as you are going for only either bitcoin or fiats, you must in need of having both to enjoy the specific benefits and to prevent particular problems.

But why you people are refusing to get benefit from the advantages of bitcoin payments over bank accounts. Even I am having both, I am trying to convert myself into only bitcoin holder. Because I had many problems with my bank accounts like got freezing my saving account out for non-maintaining minimum balance.

Yes the problems with bank accounts are numerous. If you are looking for hasslefree banking services then bitcoin wallet is the right solution. As long as people are ready to face the problems usually banks imposing towards us, banks will treat us as fools only. We need to quit banks if we want to be sole owner of our wealth.

It's less precise, if we eliminate the bank in our lives. Then the order or the financial system in our country will certainly experience a mess and it's going to be bad on the economy of our country or international finance. Only use the bitcoin to save money and his own bank for transaction activity

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[Ryananda]

For me i choose both i used bitcoin as my other investment while in bank account you will less the risk of your money because bank have a physical can able to see while in bitcoin can disappear even in one click because it is online without assurance if your money back if they will disappear.

Yes, choosing both must be the practical solution to solve what ever financial demands for those who are having some issues in both bitcoin and fiats alternatively. As long as you are going for only either bitcoin or fiats, you must in need of having both to enjoy the specific benefits and to prevent particular problems.

But why you people are refusing to get benefit from the advantages of bitcoin payments over bank accounts. Even I am having both, I am trying to convert myself into only bitcoin holder. Because I had many problems with my bank accounts like got freezing my saving account out for non-maintaining minimum balance.

Yes the problems with bank accounts are numerous. If you are looking for hasslefree banking services then bitcoin wallet is the right solution. As long as people are ready to face the problems usually banks imposing towards us, banks will treat us as fools only. We need to quit banks if we want to be sole owner of our wealth.

It's less precise, if we eliminate the bank in our lives. Then the order or the financial system in our country will certainly experience a mess and it's going to be bad on the economy of our country or international finance. Only use the bitcoin to save money and his own bank for transaction activity

Very true if the bank disappears there will be no currency in the country so that the economy will be disrupted. Bank and bitcoin wallet in my opinion has a different role. We use bitcoin wallet for transactions and use the bank to save money.

[Shiroslullaby]

As much as I hate the banking industry, its still much more safe than Bitcoin is right now.
Banks have insurance on your money
(FDIC here in the United States)

Yes Bitcoin will still probably be around in the future, but for now I still treat it like a risky investment like stocks etc.
If BTC is still around in ten or twenty years I would have a much different view of it, but its still so new its really hard to trust IMO.

[TastyChillySauce00]

i think bank is more secure than bitcoin

Well they are both secure, bank is secure and bitcoin wallet is more secure. I haven't read any problem regarding the bitcoin wallet providers.
Only the transaction is the problem in the bitcoin wallet payment, whenever you are going to send someone any amount of your bitcoins.

Bank is more secure than bitcoin wallet, it's will gave a more guarantee for your amount,rather than bitcoin wallet. maybe the bitcoin wallet it's can make us is free to manage them,nothing getting any intervention in it.

bank is more secure because you always charged fee every months and any other thing such as insurance,but wallet not,it'll charge you none,you just need to pay few cents for every transaction,so it's both have the advantages,and government can't just freeze your bitcoin if you'd getting into a trouble with them

[ttargett]

i wouldnt risk using bitcoin wallet banks are still pretty reliable and im not thinking about changing it to bitcoin paper wallet or so theres no need for me to do that

well yes banks are reliable but i still like bitcoin and bitcoin wallets more as you have much more privacy when you keep your money here, not like in banks

[setupbounds]

i wouldnt risk using bitcoin wallet banks are still pretty reliable and im not thinking about changing it to bitcoin paper wallet or so theres no need for me to do that

well yes banks are reliable but i still like bitcoin and bitcoin wallets more as you have much more privacy when you keep your money here, not like in banks

While it's true that in terms of privacy, bitcoin wallet is superior, that reason alone isn't enough to have me switch from bank to btc wallet. I mean, the risk of losing asset is higher in btc wallet even though there is also the chance of gaining value but I just do not want to risk it.

[eneilwex]

The days of cash are soon coming to an end, from all indications, and this can be a boon or a bust for banks everywhere.

Wait until people start to figure out you don’t need a bank to live a prosperous life.

New technologies have beaten the establishment before and banished them into the corn fields.Traditional banking is next.

[praprata]

My bank account is dear to me, currently i can't live without my bank account.
My bitcoin wallet is dear to me, but i can live without, it's more like a hobby then a way to live my life.
Which is why bank wins for me.

[stromma44]

My bank account is dear to me, currently i can't live without my bank account.
My bitcoin wallet is dear to me, but i can live without, it's more like a hobby then a way to live my life.
Which is why bank wins for me.

At a moment bank is taking best care of us by providing multiple facilities so we cannot afford to leave it but in future if everything goes digital then we can depend only on bitcoins.

[Akupuniard]

I can't see any big difference, everyone choosing for yourself what is better, at my own opinion bitcoins is better cause i don't need to pay to goverment any taxes.

[purebitco]

i would definitely use only bitcoins but i think right now it is impossible

[Doamader]

I can't see any big difference, everyone choosing for yourself what is better, at my own opinion bitcoins is better cause i don't need to pay to goverment any taxes.

Besides the tax you will save, your bank wont cut a fee to let your money there. Bitcoin as saving is the best agains the low income the saving at banks pays, as someone said better some then nothing, but i choose bitcoin over bank.

[SANALIU]

saving long term iam choose bank because bank liquid money
with guaranteed goverment in mone saving in there
bitcoin is for me use only trading profit is exchange fiat money saving to bank

[nova-rider]

Bitcoin wallet, security, flexibility and control, all in one.

[richardsNY]

saving long term iam choose bank because bank liquid money
with guaranteed goverment in mone saving in there
bitcoin is for me use only trading profit is exchange fiat money saving to bank

It's always a good thing to put some money aside for when you need it. But if you're talking about long term saving in your bank account, then you must know that no matter you keep having the same amount of money in your bank, that you'll get to see that your money will be less worth, and thus buy you less things every year as fiat is only losing value.

[Doubler Disburser 232515]

It's easy to say that Banks are more secure than BitCoin Wallets and that is true to a point, however, most people miss the word Wallet in the above.  BitCoins are housed in Wallets, so it is essential that people treat BitCoins like they would with any cash.

True, you can encrypt your BitCoin Wallet to prevent theft, but essentially you don't carry your life savings in your fiat wallet, so you shouldn't carry all your BitCoins in one basket either.  That PC you're using less and less for on line stuff can house the bulk of your stored funds and have an amount in a day to day BTC Wallet.

Paper Wallets are an option for cold storage and can be thought of as your own personal bank.  (And again, would you really store all your cold BitCoins in just one paper wallet?)

[Wind_FURY]

saving long term iam choose bank because bank liquid money
with guaranteed goverment in mone saving in there
bitcoin is for me use only trading profit is exchange fiat money saving to bank

You have it in reverse my friend. Fiat money suffers from inflationary devaluation. So bitcoin is better if you want to store it. But bitcoin's value fluctuates a lot so it would be good to know how to trade to balance it out.

[bobyhodob]

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

[madwica]

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

That is true and me i have both i have savings in bank and have bitcoin in my online wallet and im planning to increase my bitcoin because i want to earn much better in my income right now my savings in bank is my back up in case of emergency i can withdraw anytime.

[jerowacik]

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

using bitcoin we can control all our activities. gain full access to finance. while banks are closed.
however BANK much safer because the banks have been guaranteed by a financial institution that is credible.