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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
ironm@n
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September 09, 2016, 03:19:34 PM
Last edit: September 09, 2016, 04:38:47 PM by ironm@n
 #3001

Most of us have both. Unfortunately we can't  have only Bitcoin Wallet to serve all our needs nowadays.  I know some people are having fun trying to live using a Bitcoin Wallet only  and I also know that some of them succeed but if you  have a family to care about that's impossible now.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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September 09, 2016, 03:24:24 PM
 #3002

Most of us have both. Unfortunately we can't have only Bitcoin Wallet to serve all our needs nowadays. I know some people are having fun trying to live using a Bitcoin Wallet only and I also know that some of them succeed but if you have a family to care about that's impossible now.


It is really useful if we are going to use both because if we are just going to use bank or bitcoin wallet only then we are just going to waste the opportunity of using both.

And since we are in bitcoin industry of course we need both of it. I would recommend using both of it.

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September 10, 2016, 01:11:01 AM
 #3003

Bitcoin probably will be the currency of the future , nowadays you can use bitcoin debit  card, bitcoin wallet is have  great security , cold wallet,  multisig wallet, ect.
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September 10, 2016, 03:04:56 AM
 #3004

With a Bitcoin wallet you don't have to worry about getting scammed by your bank like the customers of Wells Fargo Bank recently:

https://www.techdirt.com/articles/20160908/17582535469/holy-crap-wells-fargo-has-to-fire-5300-employees-scam-billing.shtml

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September 10, 2016, 03:22:12 AM
 #3005

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.

Not all people use bitcoin to send or receive payments.
The number of people is very small comparing to number of people that use banks.
I think to use both of them, bitcoin mostly if you use it more often and bank for rare transaction.

That is totally correct, the number we have right now is too small count, compare to the no.of clients in the banks. but it is more likely to use often bitcoin  than the other bank companies.
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September 10, 2016, 01:40:44 PM
 #3006

I will prefer to choose both of them as we need banks to save our money in a safest way and bitcoin is the best when it comes to access your money anytime you want.
That's true I agree with this, because I have both and both are useful, for me I can easily transfer money in my bank using my bitcoin wallet and it is hassle free. So I recommend both.  Smiley
Yeah, they both are good in their own place which means bank is for fiat currency and provides all the essential services to there customers and bitcoin wallets are bitcoin and is  good in its own place so both plays equal vital role in their own place !
Yeah and I said it because I have both and I can save my money when I started using the two and that is a good feeling when you know that you can save money for your future.  Cheesy
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September 10, 2016, 01:46:51 PM
 #3007

I will prefer to choose both of them as we need banks to save our money in a safest way and bitcoin is the best when it comes to access your money anytime you want.
That's true I agree with this, because I have both and both are useful, for me I can easily transfer money in my bank using my bitcoin wallet and it is hassle free. So I recommend both.  Smiley
Yeah, they both are good in their own place which means bank is for fiat currency and provides all the essential services to there customers and bitcoin wallets are bitcoin and is  good in its own place so both plays equal vital role in their own place !
Yeah and I said it because I have both and I can save my money when I started using the two and that is a good feeling when you know that you can save money for your future.  Cheesy
I will prefer to choose both of them as we need banks to save our money in a safest way and bitcoin is the best when it comes to access your money anytime you want.
That's true I agree with this, because I have both and both are useful, for me I can easily transfer money in my bank using my bitcoin wallet and it is hassle free. So I recommend both.  Smiley
Yeah, they both are good in their own place which means bank is for fiat currency and provides all the essential services to there customers and bitcoin wallets are bitcoin and is  good in its own place so both plays equal vital role in their own place !
Yeah and I said it because I have both and I can save my money when I started using the two and that is a good feeling when you know that you can save money for your future.  Cheesy

Yes and at a moment we need banks as when it comes to convert our bitcoins then its an good option to transfer the amount to bank account as the process too fast.

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September 10, 2016, 05:34:51 PM
 #3008

Bitcoin can not be defeated  by any banks. I am sure many banks  will accept Bitcoin . So instead  of defeating it majority of the banks will  adopt bitcoins. This will depend on  the individual. I will go for Bitcoin.
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September 10, 2016, 08:12:46 PM
 #3009

I will prefer to choose both of them as we need banks to save our money in a safest way and bitcoin is the best when it comes to access your money anytime you want.
That's true I agree with this, because I have both and both are useful, for me I can easily transfer money in my bank using my bitcoin wallet and it is hassle free. So I recommend both.  Smiley
Yeah, they both are good in their own place which means bank is for fiat currency and provides all the essential services to there customers and bitcoin wallets are bitcoin and is  good in its own place so both plays equal vital role in their own place !
Yeah and I said it because I have both and I can save my money when I started using the two and that is a good feeling when you know that you can save money for your future.  Cheesy
I still prefer banks more than that of bitcoin wallet, simply because I cannot risk my asset. I am fine with the majority of my asset being the same value as it is. Although I do have about 30% in my bitcoin wallet and that's pretty much the amount that I can bear to lose just in case something bad happens.
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September 10, 2016, 08:28:17 PM
 #3010

Banks and bitcoin wallets, both of them are good, i used to store my money in bank, but nowdays im trying to change something, and using wallet only.

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September 11, 2016, 01:16:00 AM
 #3011

Banks and bitcoin wallets, both of them are good, i used to store my money in bank, but nowdays im trying to change something, and using wallet only.
I do love freedom, and only bitcoin is allowing me to have such, that said i do use bank as they are the main place where i can pay my bills, digital, besides that they do have some of my savings applied, and i get another part into bitcoin.
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September 11, 2016, 02:07:51 AM
 #3012

This is a difficult choice. each of bitcoin and the bank has the advantage and disavantage. like bitcoin nice for invest but bad for security. on the contrary, banks are more secure but not a great idea to invest

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September 11, 2016, 02:33:14 AM
 #3013

This is a difficult choice. each of bitcoin and the bank has the advantage and disavantage. like bitcoin nice for invest but bad for security. on the contrary, banks are more secure but not a great idea to invest
if it was a difficult choice, you only need to use both. I also chose both, because I use bitcoin wallet and bank to make I could feel the hard work I look for bitcoin. I always collect bitcoin in the wallet, and then redeem it in the form of dollars, and send it in my bank account. but it is a very difficult choice if you have to choose one of them
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September 11, 2016, 03:13:42 AM
 #3014

This is a difficult choice. each of bitcoin and the bank has the advantage and disavantage. like bitcoin nice for invest but bad for security. on the contrary, banks are more secure but not a great idea to invest
if it was a difficult choice, you only need to use both. I also chose both, because I use bitcoin wallet and bank to make I could feel the hard work I look for bitcoin. I always collect bitcoin in the wallet, and then redeem it in the form of dollars, and send it in my bank account. but it is a very difficult choice if you have to choose one of them
We actually have no choice but to use both because it bitcoin we are earning as it is an investment and we need bank to cash out our hard earned money, so if one will be lost we also lost the opportunity to earn and the possibility to convert our bitcoins into fiat easily.

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Carmen_Sandiego
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September 11, 2016, 05:58:50 AM
 #3015

I would choose bitcoin wallet. For its unique  process and no much charge for transaction,  unlike banks especially if you are  processing higher amount. Banks has some  issues when it  comes to transaction,  that makes every process complicated.
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September 11, 2016, 06:13:41 AM
 #3016

This is a difficult choice. each of bitcoin and the bank has the advantage and disavantage. like bitcoin nice for invest but bad for security. on the contrary, banks are more secure but not a great idea to invest

Yeah, both are good, so why not choose both ? Bitcoin wallet and bank are good, i'm sure all people also pick bank and bitcoin wallet. Both are for stored their money.
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September 11, 2016, 06:28:58 AM
 #3017

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.
Still I choose bank because my country don't accept bitcoin now.I see bitcoin spread tremendously hope soon my country accept bitcoin.I am afraid about hacking wallet I saw some cases if this problem solved bitcoin will be reach on MOON.
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September 11, 2016, 06:51:46 AM
 #3018

I would choose bitcoin wallet. For its unique  process and no much charge for transaction,  unlike banks especially if you are  processing higher amount. Banks has some  issues when it  comes to transaction,  that makes every process complicated.
right, bitcoin provides us the ease and speed. we can transact wherever and whenever we are. bitcoin also has a very small administrative costs and also cheap.
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September 11, 2016, 07:04:54 AM
 #3019

i think bitcoin wallet is much more better bank wallet because bitcoin wallet is too much safer and bitcoin transaction fees is very and available everywhere for online shopping.
Let's put some twist on your side , How did you say so that bitcoin wallet is better than back wallet? is just because bitcoin wallet is much more safer? how about the bank ? Can you there have Customer support where if you need something you can make a call to them and banks and atm also can make transaction more easier than bitcoin.
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September 11, 2016, 07:22:13 AM
 #3020

i think bitcoin wallet is much more better bank wallet because bitcoin wallet is too much safer and bitcoin transaction fees is very and available everywhere for online shopping.
Let's put some twist on your side , How did you say so that bitcoin wallet is better than back wallet? is just because bitcoin wallet is much more safer? how about the bank ? Can you there have Customer support where if you need something you can make a call to them and banks and atm also can make transaction more easier than bitcoin.
in my honest opinion,bank have so many advantages on the security if you compare to bitcoin wallet just see that bank guaranteed your money when got hacked or whatelse as long you can prove that you're really losing the money in other side when you just once hacked and your money lost then it's lost,but you will be also forced to pay the monthly or weekly fees

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