Bank or Bitcoin Wallet?

[mightyghz]

At this moment bitcoin can not be used everywhere alone and it is necessity to remain also on banking system too.I will keep using both till Bitcoin will not be accepted and used widely.Then off course will stick only with Bitcoin.

[Monnt]

Of course bitcoin is the better option when it is compared with banks since its trasfer way is much faster and affordable than banks as well as it has more trading options than banks and even a low salary paid person can available the benefits from bitcoins.

Banks doing too much in developing countries for peoples and bitcoin need too much time for this just because of this in my view bank is still too good for many regions of world instead of this bitcoin

Bitcoin is better but developing it and the marketing is quite hard these days which means the price has some ups and downs but not a lot of new people are coming it.
Which is bad since we need more people using bitcoin for bitcoin to 'win'

i think that the changing price each days is the charm of the bitcoin sir, that nobody can predict the exactly number of price today
still that we need more people using bitcoin for win as you say though.

Precisely. What's great about bitcoin is not how stable it is, but how volatile it is at the moment. It has a tiny market cap of 8 billion at the moment, and a group buy/sell could severely help/hurt the price.

[harizen]

..and I think bitcoin is not the time to make an online payment system in many shops in the world.

Why? If it's possible for some merchants then make it possible.

And besides I see no problem if they will accept bitcoin even with few users.

They are just adding additional payment options alongside with the usual ones.

[ObscureBean]

I need to transfer money to one a friend, but I noticed that the validity of my credit card is over.And I sent to my friend Bitcoin, at night, without leaving home. Naturally Bitcoin is better than banks.

Better maybe but right now it's definitely not as practical. Sending Bitcoin is one thing but your friend will still have to convert it to his/her local currency for everyday use and this unfortunately is not yet as straight forward as it should be.

[panju1]

I need to transfer money to one a friend, but I noticed that the validity of my credit card is over.And I sent to my friend Bitcoin, at night, without leaving home. Naturally Bitcoin is better than banks.

Better maybe but right now it's definitely not as practical. Sending Bitcoin is one thing but your friend will still have to convert it to his/her local currency for everyday use and this unfortunately is not yet as straight forward as it should be.

If your friend manages to get a bitcoin debit card, he can just link his wallet to it and not worry about converting his coins to fiat.
Of course, I agree that not everybody will have a bitcoin debit card.

[danherbias07]

I need to transfer money to one a friend, but I noticed that the validity of my credit card is over.And I sent to my friend Bitcoin, at night, without leaving home. Naturally Bitcoin is better than banks.

Better maybe but right now it's definitely not as practical. Sending Bitcoin is one thing but your friend will still have to convert it to his/her local currency for everyday use and this unfortunately is not yet as straight forward as it should be.

Yeah that is true. Oh and the main problem is what if the friend dont have a wallet. Well it is your job now to exchange it to fiat first before you can pay him normally. That is one of the main problem now, not all of us know what this is.

[Dwelach]

Why not have the best of both worlds and keep whatever you need in the bank and something on a bitcoin wallet so you could use whatever you need when the occasion arises?

That is what people are doing. I sometimes wonder if there could be banks which run with bitcoins , I mean you can deposit bitcoins there and get withdraw as bitcoins too. It would be really crazy idea but will be a future revolution .

IMHO, Banks should not be involved/emerged with Bitcoins as it will bring in centralization as they will keep all records and by some means, will also produce them to the governments if they ask them to provide...

Yes, banks in future will become as bitcoin exchanges. It may accept bitcoins as part of their deposit/withdraw functionalities. But will track how many bitcoin you transact.

If bank acquire bitcoin as part deposit. Again bank will try earn from that like putting charges and taxes in between bitcoin transfer. So better be with bitcoin wallet.

That's one of the huge pluses of Bitcoin, you have the power to hold your Bitcoin and keep it safe without the need for there to be a bank there to keep it safe.

We already have technical transaction fees right now, but you're right, banks like to charge a fee whenever something has to move, so it is likely banks would try to exploit this portion of Bitcoin and utilize it for their gain.

if you want to know witch one is save you can use the bank if you want to know witch one is more profitable you can use the bitcoin wallets. so there are positive ways for the bank and some positive things for the bitcoin wallets use them both and you will see by your self.

[jamesl22]

Why not have the best of both worlds and keep whatever you need in the bank and something on a bitcoin wallet so you could use whatever you need when the occasion arises?

That is what people are doing. I sometimes wonder if there could be banks which run with bitcoins , I mean you can deposit bitcoins there and get withdraw as bitcoins too. It would be really crazy idea but will be a future revolution .

IMHO, Banks should not be involved/emerged with Bitcoins as it will bring in centralization as they will keep all records and by some means, will also produce them to the governments if they ask them to provide...

Yes, banks in future will become as bitcoin exchanges. It may accept bitcoins as part of their deposit/withdraw functionalities. But will track how many bitcoin you transact.

If bank acquire bitcoin as part deposit. Again bank will try earn from that like putting charges and taxes in between bitcoin transfer. So better be with bitcoin wallet.

That's one of the huge pluses of Bitcoin, you have the power to hold your Bitcoin and keep it safe without the need for there to be a bank there to keep it safe.

We already have technical transaction fees right now, but you're right, banks like to charge a fee whenever something has to move, so it is likely banks would try to exploit this portion of Bitcoin and utilize it for their gain.

if you want to know witch one is save you can use the bank if you want to know witch one is more profitable you can use the bitcoin wallets. so there are positive ways for the bank and some positive things for the bitcoin wallets use them both and you will see by your self.

Using both of them is the right thing, as banks are also important for us, we cannot depend only on bitcoin, as banks provides variety of benefits to its users.

[Ryananda]

Why not have the best of both worlds and keep whatever you need in the bank and something on a bitcoin wallet so you could use whatever you need when the occasion arises?

That is what people are doing. I sometimes wonder if there could be banks which run with bitcoins , I mean you can deposit bitcoins there and get withdraw as bitcoins too. It would be really crazy idea but will be a future revolution .

IMHO, Banks should not be involved/emerged with Bitcoins as it will bring in centralization as they will keep all records and by some means, will also produce them to the governments if they ask them to provide...

Yes, banks in future will become as bitcoin exchanges. It may accept bitcoins as part of their deposit/withdraw functionalities. But will track how many bitcoin you transact.

If bank acquire bitcoin as part deposit. Again bank will try earn from that like putting charges and taxes in between bitcoin transfer. So better be with bitcoin wallet.

That's one of the huge pluses of Bitcoin, you have the power to hold your Bitcoin and keep it safe without the need for there to be a bank there to keep it safe.

We already have technical transaction fees right now, but you're right, banks like to charge a fee whenever something has to move, so it is likely banks would try to exploit this portion of Bitcoin and utilize it for their gain.

if you want to know witch one is save you can use the bank if you want to know witch one is more profitable you can use the bitcoin wallets. so there are positive ways for the bank and some positive things for the bitcoin wallets use them both and you will see by your self.

Using both of them is the right thing, as banks are also important for us, we cannot depend only on bitcoin, as banks provides variety of benefits to its users.

Absolutely we are very dependent on them because the two are mutually beneficial for us. In gathering bitcoin wallet and we need to cash it we have to send it to the banks.

[Imoote]

Why not have the best of both worlds and keep whatever you need in the bank and something on a bitcoin wallet so you could use whatever you need when the occasion arises?

That is what people are doing. I sometimes wonder if there could be banks which run with bitcoins , I mean you can deposit bitcoins there and get withdraw as bitcoins too. It would be really crazy idea but will be a future revolution .

IMHO, Banks should not be involved/emerged with Bitcoins as it will bring in centralization as they will keep all records and by some means, will also produce them to the governments if they ask them to provide...

Yes, banks in future will become as bitcoin exchanges. It may accept bitcoins as part of their deposit/withdraw functionalities. But will track how many bitcoin you transact.

If bank acquire bitcoin as part deposit. Again bank will try earn from that like putting charges and taxes in between bitcoin transfer. So better be with bitcoin wallet.

That's one of the huge pluses of Bitcoin, you have the power to hold your Bitcoin and keep it safe without the need for there to be a bank there to keep it safe.

We already have technical transaction fees right now, but you're right, banks like to charge a fee whenever something has to move, so it is likely banks would try to exploit this portion of Bitcoin and utilize it for their gain.

if you want to know witch one is save you can use the bank if you want to know witch one is more profitable you can use the bitcoin wallets. so there are positive ways for the bank and some positive things for the bitcoin wallets use them both and you will see by your self.

Using both of them is the right thing, as banks are also important for us, we cannot depend only on bitcoin, as banks provides variety of benefits to its users.

Yes we need both, and I think we really need.
We need to keep bitcoin wallet we had, while we need the banks to save our money.

[RobinHoodster]

Why not have the best of both worlds and keep whatever you need in the bank and something on a bitcoin wallet so you could use whatever you need when the occasion arises?

That is what people are doing. I sometimes wonder if there could be banks which run with bitcoins , I mean you can deposit bitcoins there and get withdraw as bitcoins too. It would be really crazy idea but will be a future revolution .

IMHO, Banks should not be involved/emerged with Bitcoins as it will bring in centralization as they will keep all records and by some means, will also produce them to the governments if they ask them to provide...

Yes, banks in future will become as bitcoin exchanges. It may accept bitcoins as part of their deposit/withdraw functionalities. But will track how many bitcoin you transact.

If bank acquire bitcoin as part deposit. Again bank will try earn from that like putting charges and taxes in between bitcoin transfer. So better be with bitcoin wallet.

That's one of the huge pluses of Bitcoin, you have the power to hold your Bitcoin and keep it safe without the need for there to be a bank there to keep it safe.

We already have technical transaction fees right now, but you're right, banks like to charge a fee whenever something has to move, so it is likely banks would try to exploit this portion of Bitcoin and utilize it for their gain.

if you want to know witch one is save you can use the bank if you want to know witch one is more profitable you can use the bitcoin wallets. so there are positive ways for the bank and some positive things for the bitcoin wallets use them both and you will see by your self.

I will choose for the Bitcoin wallet and that is because it works well with the Bitcoin so that is really nice and it is also safe to store them so that is nice.
And there are not that many banks now so that have to change and more people must get to know about it.

[Bitcoinbro]

Why not have the best of both worlds and keep whatever you need in the bank and something on a bitcoin wallet so you could use whatever you need when the occasion arises?

That is what people are doing. I sometimes wonder if there could be banks which run with bitcoins , I mean you can deposit bitcoins there and get withdraw as bitcoins too. It would be really crazy idea but will be a future revolution .

IMHO, Banks should not be involved/emerged with Bitcoins as it will bring in centralization as they will keep all records and by some means, will also produce them to the governments if they ask them to provide...

Yes, banks in future will become as bitcoin exchanges. It may accept bitcoins as part of their deposit/withdraw functionalities. But will track how many bitcoin you transact.

If bank acquire bitcoin as part deposit. Again bank will try earn from that like putting charges and taxes in between bitcoin transfer. So better be with bitcoin wallet.

That's one of the huge pluses of Bitcoin, you have the power to hold your Bitcoin and keep it safe without the need for there to be a bank there to keep it safe.

We already have technical transaction fees right now, but you're right, banks like to charge a fee whenever something has to move, so it is likely banks would try to exploit this portion of Bitcoin and utilize it for their gain.

if you want to know witch one is save you can use the bank if you want to know witch one is more profitable you can use the bitcoin wallets. so there are positive ways for the bank and some positive things for the bitcoin wallets use them both and you will see by your self.

I will choose for the Bitcoin wallet and that is because it works well with the Bitcoin so that is really nice and it is also safe to store them so that is nice.
And there are not that many banks now so that have to change and more people must get to know about it.

I use them both honestly because I have a paper wallet and a  normal back account since its difficult to pay things with the bitcoin wallet.
I hope this will change but this is just a matter of time, I like them both !

[InsideBjorn]

You can better use a bank account instead of a bitcoin wallet. Thats only because bitcoin wallets are not secured enough to be used these days on the internet there are several hackers who like to steal your coins.

[Nowl1935]

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.

I think banks arrent affraid in bitcoin. Here in our country 2 banks here are accepting bitcoin as a payment to their bank, We can buy bitcoin using these banks.

[Chrismeister]

Corrupt government can seize your bank accounts but can't seize your Bitcoin if you are smart enough.

I don't know if you have seen that a forum member's bitcoin funds has been seized.
As the deal was through localbitcoin and "was not legal" it is a thread here but can't remember right now
He is legendary and you can read his story, i think username burw or similar like that.
But i think bitcoin is much better that banks but both have pros and cons.

Bank is more practical because its the system everything is built around, but Bitcoin solve so many issues and concerns with Fiat and especially country-specific Fiat that it has its place alongside common currency for sure.

Depending on what you plan is for your currency. Bank AND a Bitcoin wallet is probably the way to go. If its something specific like holding over a long time, it is probably best to use cold storage bitcoin wallet.

i prefer to use a normal gold bank because they can be trusted these days and bitcoin wallets are to new in this world they need to be more secured before we all want to use it for now it is not save to use bitcoin wallets.

[romero121]

You can better use a bank account instead of a bitcoin wallet. Thats only because bitcoin wallets are not secured enough to be used these days on the internet there are several hackers who like to steal your coins.

I can say that bitcoins are secured, it will just depend on you on how you are going to keep safe your information about your account and bitcoin
wallet as well. There is an hardware wallet if you really want to try it to be secured.

When it comes to the secure nature, you should not just think of it ease of storing with increased safety than the bank accounts. You also need to think of the long lasting. Bitcoin is just a baby when you think of bank existence. Also none is sure of bitcoin future.

[chaser15]

You can better use a bank account instead of a bitcoin wallet. Thats only because bitcoin wallets are not secured enough to be used these days on the internet there are several hackers who like to steal your coins.

I can say that bitcoins are secured, it will just depend on you on how you are going to keep safe your information about your account and bitcoin
wallet as well. There is an hardware wallet if you really want to try it to be secured.

The safety of your bitcoin depends on you and you are right there. The pros, you hold your own money and the cons, you can't make it back once they are lost.

The safety of money in bank depends on the bank itself and your way when you will going to move it. The pros, your money won't be gone here in an instant. It is refundable and the cons, you just have to wait since it's all legally process.

[Imoote]

You can better use a bank account instead of a bitcoin wallet. Thats only because bitcoin wallets are not secured enough to be used these days on the internet there are several hackers who like to steal your coins.

I can say that bitcoins are secured, it will just depend on you on how you are going to keep safe your information about your account and bitcoin
wallet as well. There is an hardware wallet if you really want to try it to be secured.

When it comes to the secure nature, you should not just think of it ease of storing with increased safety than the bank accounts. You also need to think of the long lasting. Bitcoin is just a baby when you think of bank existence. Also none is sure of bitcoin future.

For the future I am sure bitcoin bitcoin will continue to develop the most important bitcoin in good condition. We also if comparing between bitcoin wallets and banks are very different from. Because both have their respective functions for us who use bitcoin.

[Daimaru]

both of them.

[chaser15]

..And sometimes, the bank itself
will not be responsible if the case your money was got through atm skimming.

No you are wrong. If your money got lost thru bank related error or hacking, they will back your money as part of legal terms. And it is under the International Bank Term to protect it's clients.

Can you give me some examples of bank that didn't back the money of their clients after bank related error? It can be sued.