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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
susila_bai
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August 24, 2016, 01:54:11 PM
 #2741

I think both are needed according to their situation, Bank you need for your fiat currency as at present situation fiat currency is only way of all your work going on, till bitcoin is not coming to main stream bank is always needed. So we need both right now banking for daily work in life and bitcoin for online and future investment like asset holding.
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August 24, 2016, 01:56:33 PM
 #2742

i would personally say bitcoin wallet as banks lend your cash out to other people and make a profit and give you a tiny portion of the big amount.

Only good thing is about a bank your money is your insured incase the bank or your card gets robbed.
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August 24, 2016, 01:57:26 PM
 #2743

I would be willing to accept a salary of bitcoin.  There are the concerns with the price going up and down, but the price of the dollar does the same if you think about it.  The difference is that the market is so large when this happens and there are to many retail locations, that it would be to much of a pain in the butt to change the price every time the dollar goes up or down.
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August 24, 2016, 02:02:59 PM
 #2744

Both may be useful in different situations, IMO.

Well if you are going to know the advantages of it and you are going to use them both for sure you are going to use them both. And I am going to use them both because I have fiat money and going to store it from bank while my bitcoins I am going to store it from bitcoin wallet. Don't only choose one thing if you can enjoy to use them both.

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August 24, 2016, 02:05:46 PM
Last edit: August 25, 2016, 03:26:19 AM by jonahmarieaton101
 #2745


Being a beginner, I don't know what I should prefer to.But i think i prefer to both of this, because both has advantage and disadvantages. I dont know whats the best one.. Will you please help me for this or suggest because i dont have enough idea about it.
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August 24, 2016, 02:10:39 PM
 #2746

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

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August 24, 2016, 03:00:03 PM
 #2747

I will prefer both options, as for living in real world you need bank for doing the fiat currency work, where you cannot work out with bitcoins, bitcoins are online currency which are still not used in physical condition, so it may consider as investment for future expenses or assets.
Yes you can save bitcoins for future to earn more benefits from it as at this stage I think we need both as bank is taking care of our day to day transactions and spending fiat is mandatory at a moment.
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August 24, 2016, 03:06:21 PM
 #2748

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

Yeah exactly we don't have to compare both of it. As we are in bitcoin industry we really do need both of it. Bitcoin wallet for our bitcoins and banks for our fiat money.
I think they are both useful and going to be secure at all. Let's just don't expect for the worst things to happen.

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August 24, 2016, 03:25:46 PM
 #2749

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

Yeah exactly we don't have to compare both of it. As we are in bitcoin industry we really do need both of it. Bitcoin wallet for our bitcoins and banks for our fiat money.
I think they are both useful and going to be secure at all. Let's just don't expect for the worst things to happen.
It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

Yeah exactly we don't have to compare both of it. As we are in bitcoin industry we really do need both of it. Bitcoin wallet for our bitcoins and banks for our fiat money.
I think they are both useful and going to be secure at all. Let's just don't expect for the worst things to happen.
Each bank has its own purpose. First and foremost, the key is to date the bank for a simple real currency as bitcoin has not yet become popular on many to resist paper money.
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August 24, 2016, 03:34:55 PM
 #2750

I will prefer both options, as for living in real world you need bank for doing the fiat currency work, where you cannot work out with bitcoins, bitcoins are online currency which are still not used in physical condition, so it may consider as investment for future expenses or assets.
Yes you can save bitcoins for future to earn more benefits from it as at this stage I think we need both as bank is taking care of our day to day transactions and spending fiat is mandatory at a moment.

The needs for the future I'd invested with bitcoin, because I see that bitoin has the potential that is very large and may I take control of the digital turnover. For storage of money, I prefer the BAnk because the BANK guarantee and get the liability of fast and good. So bitcoin and BANK mutual effect and could not be released or chosen one
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August 24, 2016, 03:44:49 PM
 #2751

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

people putting money in banks doesn't mean they are trusted. it's because they mostly don't have an other option. there are enough people around me disliking banks, but they all admit that they don't have much choice other than doing what they do. so far for them, there is no "better" alternative.
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August 24, 2016, 03:54:20 PM
 #2752

There are many bitcoin wallets that are better than bank, but in generally why not using both of them (but more bitcoin Smiley )
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August 24, 2016, 04:09:13 PM
 #2753

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

people putting money in banks doesn't mean they are trusted. it's because they mostly don't have an other option. there are enough people around me disliking banks, but they all admit that they don't have much choice other than doing what they do. so far for them, there is no "better" alternative.

put money in the bank is not forced or because there is no other choice. because the bank is the safest place to save money. so anyone better to save a lot of money in the bank, because the bank is under government. so everything can be accounted.

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August 24, 2016, 04:47:11 PM
 #2754

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

people putting money in banks doesn't mean they are trusted. it's because they mostly don't have an other option. there are enough people around me disliking banks, but they all admit that they don't have much choice other than doing what they do. so far for them, there is no "better" alternative.

put money in the bank is not forced or because there is no other choice. because the bank is the safest place to save money. so anyone better to save a lot of money in the bank, because the bank is under government. so everything can be accounted.

that's how you think about it, no problem. however, the government here insures you an amount till €100,000. everything above that number will be lost in case a bank goes down. so definitely not everything is safe in a bank. how is that in your country?
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August 24, 2016, 08:52:50 PM
 #2755

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.
and why is it not a good idea? bitcoin wallet is definitely way better than just ordinary bank services because it is a lot safer

 
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August 24, 2016, 09:28:26 PM
 #2756

what you will chose among 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 circulation problems.
Well I choose both because I earn bitcoin by working but cash out via bank because Bitcoin are not accepted in our country.still bitcoin need more improvement like transaction time and fees.For examples if I buy a bread from a shop I paid via bitcoin using fees and still don't know how long seller will got confirm beside if I pay via cash he will get instant also he don't have to pay any fees.
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August 24, 2016, 09:35:19 PM
 #2757

what you will chose among 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 circulation problems.
Well I choose both because I earn bitcoin by working but cash out via bank because Bitcoin are not accepted in our country.still bitcoin need more improvement like transaction time and fees.For examples if I buy a bread from a shop I paid via bitcoin using fees and still don't know how long seller will got confirm beside if I pay via cash he will get instant also he don't have to pay any fees.

As far as I understand it is necessary to leave to each his own. Banks must engage in real currency, but bitcoin exchange cryptocurrency. Otherwise, nothing happens. No need to create a situation when you need to make a choice. Simple currency will be a very long time to accompany us.
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August 25, 2016, 03:36:23 AM
 #2758

what you will chose among 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 circulation problems.
Well I choose both because I earn bitcoin by working but cash out via bank because Bitcoin are not accepted in our country.still bitcoin need more improvement like transaction time and fees.For examples if I buy a bread from a shop I paid via bitcoin using fees and still don't know how long seller will got confirm beside if I pay via cash he will get instant also he don't have to pay any fees.

As far as I understand it is necessary to leave to each his own. Banks must engage in real currency, but bitcoin exchange cryptocurrency. Otherwise, nothing happens. No need to create a situation when you need to make a choice. Simple currency will be a very long time to accompany us.


And you don't have to choose any from them it is good if you are going to use both. And you are going to use each of their uses. Banks for your real money or cash and bitcoin wallet for bitcoin. And if you are going to sell your bitcoin the banks are responsible for the price exchange of bitcoin to USD. So they are both important.
Agreed that using both is very great, saving your income in fiat is store in bank and it has giving you decent saving interest and if you also using bitcoin wallet for your bitcoin investment also it has a income much better income in the bank that is why if you have that both your income will be great in a long period of time.
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August 25, 2016, 03:46:09 AM
 #2759

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.
and why is it not a good idea? bitcoin wallet is definitely way better than just ordinary bank services because it is a lot safer

We got our own opinion on what are really tested by our experiences. Maybe some have experienced worst in banks but got bank their money. That is one hell of a good trust that will stay in people minds. While in online wallets you could what shit happened. This is for those who cant have their own wallets, a no computer person.

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August 25, 2016, 04:02:25 AM
 #2760

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.
and why is it not a good idea? bitcoin wallet is definitely way better than just ordinary bank services because it is a lot safer

We got our own opinion on what are really tested by our experiences. Maybe some have experienced worst in banks but got bank their money. That is one hell of a good trust that will stay in people minds. While in online wallets you could what shit happened. This is for those who cant have their own wallets, a no computer person.
It is really hard to trust bitcoin for those people who are not good in the internet as they can easily commit mistakes which will risk their money from stealing that is why I said all the time that we cannot expect majority of people will adopt with bitcoin as it is complicated in their minds and they want security in a simple way.
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