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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
peta4e
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September 30, 2016, 09:08:53 AM
 #3401

I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe

Yeah bank is always safe and secure in compare to bitcoin wallet, as banks holds responsibility of your savings and in case if anything goes wrong with your money then banks will  stand in your support to recover them.
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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 30, 2016, 09:11:38 AM
 #3402

iam choose bank to saving my money
Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .
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September 30, 2016, 09:27:20 AM
 #3403

If you are in a first world country that is correct but for people living in a third world country is possible to live without access to banks, besides it’s not like they are avoiding banks, they just don’t have access to it

Same goes in bitcoin when we bring this currency in the third world country. Access will really goes in a hard way.

That's why this is the point, banks today can't even reached all people today so how much worst if it's on bitcoin?
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September 30, 2016, 09:32:49 AM
 #3404

iam choose bank to saving my money
Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.
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September 30, 2016, 09:55:16 AM
 #3405

I would like to keep bitcoin as it is with wallets, because banks are just a poster sign for centralization and I like the bitcoin of now with no central authority and no control of the network.. Banks are nice because they offer interest but bad for the network overall.

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September 30, 2016, 10:05:04 AM
 #3406

iam choose bank to saving my money
Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.
i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?
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September 30, 2016, 02:41:04 PM
 #3407

iam choose bank to saving my money
Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.
i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?
Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.

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September 30, 2016, 07:25:37 PM
 #3408

Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.

Right. Why not use both. It's not like we can only choose one. Put 30 % on banks, then 40% on cold wallets,

the rest is for active investments like casino bankrolls,trading,altcoins,etc. I'm not really comfortable with putting ALL

liquid assets into crypto-currencies as the value could be pretty volatile. It's good if it's way up but there are also hard plunges.

That's why diversifying is my best bet. Sure the fiat in the bank will lose value over time but that could take decades.

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greatr
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September 30, 2016, 08:37:25 PM
 #3409

I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe
though banks can go bankrupt and steal all your money while with bitcoins your money are safe
goldcoinminer
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October 01, 2016, 05:34:04 AM
 #3410

I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe
though banks can go bankrupt and steal all your money while with bitcoins your money are safe
Banks can go bankrupt but they cannot steal our money because it is protected by the law of the state, our deposits has its insurance so there is nothing to worry about the security of our money saved in the banks.
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October 01, 2016, 06:29:28 AM
 #3411

I think we need both at the moment as we will always have fiat and digital currencies working side by side as long as we have governments etc. Only if we change towards a resource based economy we might not be needing banks as we know them today. We are NOT that civilized yet lol.


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October 01, 2016, 06:49:32 AM
 #3412

I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe
Yeah we know that already as of many replies are mentioned at the top but you're had point there that bitcoin is much more safer than bitcoin wallet banks has many features that can help you specially the offers and the credits cards your using to shop online.
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October 01, 2016, 08:06:28 AM
 #3413

I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe
Yeah we know that already as of many replies are mentioned at the top but you're had point there that bitcoin is much more safer than bitcoin wallet banks has many features that can help you specially the offers and the credits cards your using to shop online.

And with bitcoins the whole responsibility is just in your hands. If you mistype something in the transaction your money is most likely gone due to the anonimity of the wallet owner.
Not everybody can handle that responsibility.
It's different with banks. When you send the money to the wrong person he has to give it back.
And because the bank exactly knows who the owner of the account is, he can not escape that obligation.
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October 01, 2016, 08:09:43 AM
 #3414

I would like to keep bitcoin as it is with wallets, because banks are just a poster sign for centralization and I like the bitcoin of now with no central authority and no control of the network.. Banks are nice because they offer interest but bad for the network overall.

i think secure and saving money bank is still the best
but investment and growth capital money bitcoin still the best
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October 01, 2016, 08:13:38 AM
 #3415

The bank is safer but with the bitcoin wallet you can way better make profit because its the bitcoin.
Its just how you are wanting to spend your money and if you want to take some risks the bitcoin can be controlled by yourself.
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October 01, 2016, 08:58:57 AM
 #3416

The bank is safer but with the bitcoin wallet you can way better make profit because its the bitcoin.
Its just how you are wanting to spend your money and if you want to take some risks the bitcoin can be controlled by yourself.

If you do investing and saving at the same time, I think you do not need to choose between the two because the two have their best unique purpose, we are using banks to protect our money while bitcoin to cater our investment, that is the simple explanation there.

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October 01, 2016, 09:09:35 AM
 #3417

Bitcoin wallet would win this one has the btc wallet there are no hidden fees and no maintainance charges of any sort unlike a bank
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October 01, 2016, 09:20:57 AM
 #3418

iam choose bank to saving my money
Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.
i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?
Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.
if you talking about storing the whole of your money of course you can not choose bitcoin wallet
as bitcoin mostly considered as investment and thing to trade
but if you talking about how to store your money to make it productive
and bitcoin wallet is your choice , you may can see 1 bitcoin turn to 100 bitcoin
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October 01, 2016, 11:00:11 AM
 #3419

iam choose bank to saving my money
Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.
i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?
Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.
if you talking about storing the whole of your money of course you can not choose bitcoin wallet
as bitcoin mostly considered as investment and thing to trade
but if you talking about how to store your money to make it productive
and bitcoin wallet is your choice , you may can see 1 bitcoin turn to 100 bitcoin
That is not possible to turn 1 BTC into 100 BTC by just storing your money because we we store it will not grow. But I get it, maybe you mean the value of our bitcoins will grow but not the volume.
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October 01, 2016, 11:07:32 AM
 #3420

Bitcoin wallet would win this one has the btc wallet there are no hidden fees and no maintainance charges of any sort unlike a bank
for that bitcoin is more superior. but when we talk about the guarantee and then market confidence BANK is above.
every thing definitely has its advantages and disadvantages of each.
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