Bank or Bitcoin Wallet?

[Kevin77]

in my country ever once there is a problem that the banks go bankrupt
we are constrained to take your money, it really makes us uneasy
i prefer choose bitcoin wallet

Yes. For me too it is a bitcoin wallet. My reasons are that banks need a lot of verification to open an account and plus we need to pay taxes if the amount exceeds the normal limit while in the case of bitcoins, we can open a wallet without any verification and we just need to have an email account for the same. We also do not need to pay taxes and can have multiple wallets. We can also insert a private key in our new wallet and have access to the funds of another wallet if in case we lose the password.

[Watoshi]

I'm using Bank, Bitcoin and my safe.

[3Coins]

I still go with the traditional banking method a nd use bank to store my fiat but bitcoin wallet of course is the way to go if you have bitcoins.

[BossMacko]

both, you cannot store satoshi in a bank, and you cannot store paper money on a bitcoin wallet so use both depend on the circumstance cheers

[visual111]

A bank and bitcoin would be ideal. eventually the average person will look for a way to store btc; not likely a person is going to want to store hundreds of thousands of dollars on their hard drive without extra security measures

[Amph]

I would prefer to use a bitcoin wallet instead of a bank. Bank will have control over your money, but a bitcoin wallet doesn't.

because they will offer secruity, but also offer fee or soem form of restriction, which is against bitcoin

but there will be many that will join the bank, because of security, check some post later, some prefer to have the security given by the banks

not everyone, apaprently, want to contorl his own money..

[ranochigo]

I would prefer to use a bitcoin wallet instead of a bank. Bank will have control over your money, but a bitcoin wallet doesn't.

because they will offer secruity, but also offer fee or soem form of restriction, which is against bitcoin

but there will be many that will join the bank, because of security, check some post later, some prefer to have the security given by the banks

not everyone, apaprently, want to contorl his own money..

This is not completely true. In real life, people place money into their bank because it is easy to do internet banking and can gain interest by putting their money into savings accounts. For Bitcoin, the loan part could be true and the internet banking is using Bitcoin itself. Security is easy to manage for individuals, use a cold storage or simply don't download suspicious programs. This would reduce the risk of having your Bitcoin frozen.

[jt byte]

For me, if bank and bitcoin can work together, it will be perfect! 

In some countries it is not allowed to use bitcoin.
So i think banks there will not participate with bitcoin and the clients.
I think that time by time banks will know the value of bitcoin and will make something against it.

[harizen]

I will guessed that others here doesn't have an experience to have a bank account or putting money in the bank for at least a long time and see gaining interest that's why they are just posting here and they think bank is nothing against bitcoin wallet.

They are both better. Both has pros and cons so much better to preferred both.

[Amph]

I would prefer to use a bitcoin wallet instead of a bank. Bank will have control over your money, but a bitcoin wallet doesn't.

because they will offer secruity, but also offer fee or soem form of restriction, which is against bitcoin

but there will be many that will join the bank, because of security, check some post later, some prefer to have the security given by the banks

not everyone, apaprently, want to contorl his own money..

This is not completely true. In real life, people place money into their bank because it is easy to do internet banking and can gain interest by putting their money into savings accounts. For Bitcoin, the loan part could be true and the internet banking is using Bitcoin itself. Security is easy to manage for individuals, use a cold storage or simply don't download suspicious programs. This would reduce the risk of having your Bitcoin frozen.

it depend on the country, many here ar enot putting money i the bank anymore, because the interest is inexistent, or so low, that it's not worth it

also with some bank you actually lose monye, because they are full of fee, withdrawal fee, deposit, fee all sort of fee for your card etc...

[Djisamsoe]

real life = bank
online life = bitcoin wallet

[jt byte]

real life = bank
online life = bitcoin wallet

I think this is a completed answers,
But what i would add that we also should use bank for online life.
Because not everybody accepts bitcoin, and not everybody has bitcoin to send to use if we trade something.

[yanka50]

You shouldn't put too much into bitcoins in my opinion, maybe maximum 5% of your total money.

[HeroCat]

Banks will start to accept BTC in future. From start there can be one bank, then another and so on  And BTC wallet will be in the bank through online Web 

[bit3000]

With banks the whole concept of bitcoins will be violated.
Wallet makes you feel more secure.Even the banks could be hacked.

[bitgolden]

It doesn't seem right to compare a bank to a bitcoin wallet as where a bank has fiat cash, a bitcoin wallet has bitcoins which is a crypto currency. While fiat cash has its own advantages and one can buy goods from a physical store, bitcoins can only be used in online stores (while not many stores accept bitcoins) and you need a debit card to spend the bitcoins where again it's fiat and not cryptocurrency. We may use bitcoins but everyone does need to convert it into fiat cash and store the money in a bank else it's not worth.

[ajun96]

in my country ever once there is a problem that the banks go bankrupt
we are constrained to take your money, it really makes us uneasy
i prefer choose bitcoin wallet

Yes. For me too it is a bitcoin wallet. My reasons are that banks need a lot of verification to open an account and plus we need to pay taxes if the amount exceeds the normal limit while in the case of bitcoins, we can open a wallet without any verification and we just need to have an email account for the same. We also do not need to pay taxes and can have multiple wallets. We can also insert a private key in our new wallet and have access to the funds of another wallet if in case we lose the password.

all that is true, the important thing we can control our own money
shortcomings may be, if your wallet hacked, your money will not be returned

[Ninjaskills]

A bank and bitcoin would be ideal. eventually the average person will look for a way to store btc; not likely a person is going to want to store hundreds of thousands of dollars on their hard drive without extra security measures

Did you ever see someone hold more than 400 BTC, and he just put it in wallet, its real

[kostya.ash]

With banks the whole concept of bitcoins will be violated.
Wallet makes you feel more secure.Even the banks could be hacked.

i dont think so, precisely in the wallet, which is very risky hacked,
safer in the bank in my opinion

[iram66680]

With banks the whole concept of bitcoins will be violated.
Wallet makes you feel more secure.Even the banks could be hacked.

i dont think so, precisely in the wallet, which is very risky hacked,
safer in the bank in my opinion

With wallet, you can control your own private key which is a huge plus already. Banks are subjected to phishing attempts and could get you hacked. To hack an address, you need the private key. You would be required to install a malware on the computer to steal the private key. If there is a malware on your computer, your bank account would also be hacked.