xIIImaL
Legendary
 Offline
Activity: 1372
Merit: 1005
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May 04, 2016, 05:38:38 PM |
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If it's about security, I'd go for bank.
If I'm after making profit by holding money, I'd go for bitcoin wallet and store the money in it.
If I'm lucky enough and the bitcoin rises, I'll be making some good profits. While the money stays the same in banks and pay only a little interest.
Low fees is one of the advantages bitcoin but for security reason bitcoin and bank have the same risk because i was heard some people lost their money when use online bank services because malware system... |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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raphma
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May 04, 2016, 05:39:00 PM |
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just dont stick with all your money at one place and you will be ok secure... A have a few in my offline wallet, a few on xapo, a few on poloniex, a few on btcjam  Both poloniex and btcjam gives me more money in lending, xapo for daily uses(card) and wallet for extra security purposes. |
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Barbut
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May 04, 2016, 05:39:28 PM |
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Wallet for sure. Nothing else can come near it in this moment. I don't know what will bring the future but situation now is like that. I would like to stay this way, to nothing change.
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GKE
Newbie
Offline
Activity: 14
Merit: 0
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May 05, 2016, 08:43:17 AM |
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Have u ever thought that u can manage to combine these two? I heard that anx company provide a debit card which has compatibility of both normal money and digital money
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CoinSiteDesigner
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May 05, 2016, 08:45:37 AM |
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If it's about security, I'd go for bank.
If I'm after making profit by holding money, I'd go for bitcoin wallet and store the money in it.
If I'm lucky enough and the bitcoin rises, I'll be making some good profits. While the money stays the same in banks and pay only a little interest.
Low fees is one of the advantages bitcoin but for security reason bitcoin and bank have the same risk because i was heard some people lost their money when use online bank services because malware system... If something like that happens to me, I'll goto the bank and complain and have chances of getting my money back. But there is no way to get back the bitcoin. Once it's gone, it's gone. |
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secone
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May 05, 2016, 09:07:26 AM |
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Have u ever thought that u can manage to combine these two? I heard that anx company provide a debit card which has compatibility of both normal money and digital money
i heard it but not avaible in my country, so im use both of them like other normal people, if i want to buy something and the shop accept bitcoin i will use bitcoin, if not accept it i will use local currency/bank. |
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eddyubachs
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May 05, 2016, 09:21:01 AM |
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Have u ever thought that u can manage to combine these two? I heard that anx company provide a debit card which has compatibility of both normal money and digital money
i heard it but not avaible in my country, so im use both of them like other normal people, if i want to buy something and the shop accept bitcoin i will use bitcoin, if not accept it i will use local currency/bank. Banks are important for normal individual who is not aware about the digital world, they find use banks very easy and they will never stop using or trusting banking system. |
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bestluck
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May 05, 2016, 09:35:59 AM |
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probably better using bitcoin wallet .
why ? bitcoin is like investing if u saving your money 1k$ and u want take it some days maybe bitcoin price will be increased
If you only have $1k dont put it all in bitcoin yet since you might need it to buy food and rent. Buy a little each week if you are investing  But why a person will buy a little each week or each month if he extra $1000, we should not have to wait any more in buying bitcoin otherwise we will be late and then the price will be too high and after that we will wish that why we did not buy earlier. |
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Fraxinus
Legendary
Offline
Activity: 1274
Merit: 1000
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May 05, 2016, 09:43:31 AM |
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As of the current situation there is room for both banks and bitcoin,hopefully with the spread of bitcoin more people will start using it and storing their money in wallets via buying bitcoins,that's the goal.
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HarryKPeters
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May 05, 2016, 11:38:55 AM |
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Blockchain is also like a online bank, there are bitcoin ATMs also.
and bank and bitcoins both are different
bank can be limited for a country or state only. bitcoin is worldwide.
and banks are afraid because more and more big transactions are going with bitcoins, so bank's value is going down.
Banks are stilling making billions of profit but there will come a taem some new setup will challange them. Right now all our hopes on onto bitcoin. |
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fkvidar
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May 05, 2016, 11:44:31 AM |
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Blockchain is also like a online bank, there are bitcoin ATMs also.
and bank and bitcoins both are different
bank can be limited for a country or state only. bitcoin is worldwide.
and banks are afraid because more and more big transactions are going with bitcoins, so bank's value is going down.
Banks are stilling making billions of profit but there will come a taem some new setup will challange them. Right now all our hopes on onto bitcoin. Banks will face higher competition from bitcoin in future but that will not banks disappear as banks enjoys the monopoly at a moment and it will continue in future too. |
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agustina2
Legendary
Offline
Activity: 2436
Merit: 1008
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May 05, 2016, 11:53:55 AM |
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Blockchain is also like a online bank, there are bitcoin ATMs also.
and bank and bitcoins both are different
bank can be limited for a country or state only. bitcoin is worldwide.
and banks are afraid because more and more big transactions are going with bitcoins, so bank's value is going down.
Banks are stilling making billions of profit but there will come a taem some new setup will challange them. Right now all our hopes on onto bitcoin. No I don't putting all my hope in bitcoin. You must understand that bitcoin and bank has it's own role in financial institution. Both has pros and cons. Bitcoin can't be used all the time and you must accept this fact. |
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n0ne
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May 05, 2016, 12:18:17 PM |
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Blockchain is also like a online bank, there are bitcoin ATMs also.
and bank and bitcoins both are different
bank can be limited for a country or state only. bitcoin is worldwide.
and banks are afraid because more and more big transactions are going with bitcoins, so bank's value is going down.
Banks are stilling making billions of profit but there will come a taem some new setup will challange them. Right now all our hopes on onto bitcoin. Banks will face higher competition from bitcoin in future but that will not banks disappear as banks enjoys the monopoly at a moment and it will continue in future too. Truly bitcoin will be a big competitor for the banking system. But in future banks won't be enjoying monopoly as bitcoin will be preferred as an alternative transaction source same as the banking system. |
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raphma
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May 05, 2016, 12:27:56 PM |
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bitcoin doesnt compete with banks.... bitcoin is a currency and banks hold currency.
Right now they dont care about bitcoin but if at some point people start ask for bitcoin in banks they probably will add this feature.
Maybe they even create their own altcoin, or a personal wallet etc etc.
People really need to understand what is bitcoin.....
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knowhow
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May 05, 2016, 09:28:32 PM |
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Blockchain is also like a online bank, there are bitcoin ATMs also.
and bank and bitcoins both are different
bank can be limited for a country or state only. bitcoin is worldwide.
and banks are afraid because more and more big transactions are going with bitcoins, so bank's value is going down.
Banks are stilling making billions of profit but there will come a taem some new setup will challange them. Right now all our hopes on onto bitcoin. No I don't putting all my hope in bitcoin. You must understand that bitcoin and bank has it's own role in financial institution. Both has pros and cons. Bitcoin can't be used all the time and you must accept this fact. As long you have funds ,meaning bitcoins you can spend and use them anytime there is no holidays bitcoin works 24hours all days since borned,i agree both has their advantages against each other.Banks has the people support holding fortunes ,and charging high fees to manage your money and giving interest,bitcoin charges low fees ,allow you to get some interest as well and is used by some people already but far away to be such popular as banks. |
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27QVUTZj8rgZP1
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May 05, 2016, 09:41:28 PM |
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People really need to understand what is bitcoin.....
And you need to understand what is "blockchain". When some build a banking system based on it then it would be the end of banks as we know it. Or they adapt, or they die. |
Bitcoin address: 1RepentJESUSisComingSoon777kqd54C
“And behold, I am coming quickly, and My reward is with Me, to give to every one according to his work.” - Revelation 22:12
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dezoel
Legendary
Offline
Activity: 2016
Merit: 1072
Leading Crypto Sports Betting & Casino Platform
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May 05, 2016, 10:10:18 PM |
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I will choose both as both holds their unique qualities and if you can get benefits from both of them why should choose a single one.
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jamesl22
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May 05, 2016, 10:42:30 PM |
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I will choose both as both holds their unique qualities and if you can get benefits from both of them why should choose a single one.
Yeah banks has its own qualities which is helping its customers on regular basis and people who are not aware about bitcoin will continue to use banking system. |
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mark coins
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May 05, 2016, 11:27:24 PM |
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I will choose both as both holds their unique qualities and if you can get benefits from both of them why should choose a single one.
Yeah banks has its own qualities which is helping its customers on regular basis and people who are not aware about bitcoin will continue to use banking system. And I think that majority of the people are not aware about bitcoin and that is the reason they want to continue their journey with bitcoins. |
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Crazygreek
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May 05, 2016, 11:45:48 PM |
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I don't really know how bitcoin bank can work, but i am using blockchain and have no any problems with bitcoin, and also i don't need any banks  |
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