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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
Abiky
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November 27, 2015, 09:03:03 PM
 #301

bitcoin wallet. You will earn more interest in a year from value rising than interest in bank Wink

That is totally correct mate! We can see Bitcoin's price go up everyday faster than you can think of! And maybe this is because the halving date is near and thus Bitcoin is increasing in price and demand. Today has been a good day with BTC being worth at $360 per coin. I have increased my earnings faster than I would have done with my bank account  Grin

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stromma44
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November 28, 2015, 12:40:27 AM
 #302

bitcoin wallet. You will earn more interest in a year from value rising than interest in bank Wink

That is totally correct mate! We can see Bitcoin's price go up everyday faster than you can think of! And maybe this is because the halving date is near and thus Bitcoin is increasing in price and demand. Today has been a good day with BTC being worth at $360 per coin. I have increased my earnings faster than I would have done with my bank account  Grin

Great. And we hope that the price of bitcoins would go much higher in coming days so we can have good earnings and good savings too, as far as banks are concerned they are traditional and today in era of internet its very difficult to follow their rules and regulations though it has their own benefits but bitcoin would surely overtake it in future.
RealBitcoin
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November 28, 2015, 02:23:33 AM
 #303

Bitcoin = sanctuary for your capital

Bank = begging to be robbed (and not by bank robbers, but by robber banks)

enthus
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November 28, 2015, 02:39:39 AM
 #304

bitcoin wallet in paper... then no one can touch it, i can store as much money and no tax !!!
This is the best thing to do I think
ivan19
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November 28, 2015, 02:52:54 AM
 #305

Well,if you have pretty bad credit and can't open a bank account go for bitcoin hardcore lol. Start converting all funds into bitcoin and storing them and sell them when you need stuff.
enzu
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November 28, 2015, 03:13:48 AM
 #306

bank because you can earn some good interest on large amount
secone
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November 28, 2015, 03:21:33 AM
 #307

both of them is goood Smiley
bank is safe place with guarantee million asset
and bitcoin is safe place with guarantee future technology

so i choose bitcoin and bank
balanced190
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November 28, 2015, 09:58:16 AM
 #308

Bank took high fees on transaction,not anonymous,unsecure. I suggest BTC but all people should have Bank too.
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November 28, 2015, 10:25:30 AM
 #309

I would take a Btc Wallet over Bank.
I'd rather be the one who has the overview of my money. Not let the bank do it.. and have to trust them.

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November 28, 2015, 10:37:10 AM
 #310

I will usually use Bitcoin wallet because it's more safe and I can more freely organize my money with it.
But however, I will use Bank to cashout it when I need to buy something with fiat.

faucet used to be profitable
arruah
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November 28, 2015, 10:39:56 AM
 #311

I will usually use Bitcoin wallet because it's more safe and I can more freely organize my money with it.
But however, I will use Bank to cashout it when I need to buy something with fiat.
I, too, is particularly convenient multisig wallet.

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November 28, 2015, 10:42:07 AM
 #312

bitcoin wallet in paper... then no one can touch it, i can store as much money and no tax !!!
This is the best thing to do I think

It depends on where you live. Each government have a different policy when it comes to taxing Bitcoin as form of wealth. If you hide it, then indeed you don't have to pay tax. But if they somehow find out you have a lot coins in a wallet somewhere, they will surely find a way to tax you Wink
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November 28, 2015, 01:25:42 PM
 #313

I still go for the Bank because it much more formal and secured to store money there than  a bitcoin wallet .

artifical100
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November 28, 2015, 01:35:11 PM
 #314

All are important I think. Bitcoin used on online transactions and Bank used to verify your statement. But the problem with Bank is that your information is not private and not secure,not the case of Bitcoin.
umaOuma
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November 28, 2015, 02:11:00 PM
 #315

bitcoin wallet in paper... then no one can touch it, i can store as much money and no tax !!!
This is the best thing to do I think

It depends on where you live. Each government have a different policy when it comes to taxing Bitcoin as form of wealth. If you hide it, then indeed you don't have to pay tax. But if they somehow find out you have a lot coins in a wallet somewhere, they will surely find a way to tax you Wink


I think holding multiple wallets can solve the issue, as Government in my country doesn't support bitcoins but I don't think that it would create any problem for me for holding lot of coins in my wallet, as Government in my country is busy in solving their own scams which involves millions of dollars why would they run behind poor guy like me?
AncilVTwo
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November 28, 2015, 02:17:05 PM
 #316

for transactions i do in real life such as paying for food, clothes and stuff like that i prefer debit cards from a bank. but for online transactions I think bitcoin is a better alternative.
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November 29, 2015, 06:07:18 PM
 #317

All are important I think. Bitcoin used on online transactions and Bank used to verify your statement. But the problem with Bank is that your information is not private and not secure,not the case of Bitcoin.
I'm with you
makingwin1
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November 29, 2015, 06:08:33 PM
 #318

i hold all my money in bank though i have some in my blockchain wallet either
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December 21, 2015, 01:15:19 PM
 #319

i hold all my money in bank though i have some in my blockchain wallet either

Yeah, we use both bitcoin wallet and bank. We keep our  bitcoin in bitcoin wallet after we change bitcoin to our currency then we keep it in bank. It is especially for me. I don't know if you not do that

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Kevin77
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December 21, 2015, 04:44:23 PM
 #320

i hold all my money in bank though i have some in my blockchain wallet either

Yeah, we use both bitcoin wallet and bank. We keep our  bitcoin in bitcoin wallet after we change bitcoin to our currency then we keep it in bank. It is especially for me. I don't know if you not do that

Bitcoin has a fluctuating price, and it is highly volatile, so I would prefer bank.
Sometimes I can invest into bitcoin, and make some profit from my investment money, just because of Bitcoin's volatile nature. The fluctuation is a problem to some people and an advantage to some other people.
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