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rhed718
Member
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Activity: 70
Merit: 10
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July 04, 2016, 03:01:25 AM |
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For me i have bank account for my fiat that i invest for long term because it is much secured than my bitcoin which is i have investment but only portion of my money and i will keep it for short term.
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pandalion98
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July 04, 2016, 03:28:06 AM |
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I would have to pick bitcoin wallet. With my bitcoin wallet I'm depending on myself and myself only to keep it safe.
With a bank, I would need to be depending on the bank. With bitcoin wallet I can access my bitcoins whenever I want.
I think 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. I should agree with you,bitcoin still can't beat bank on safety and security,when you use bitcoin and you lose your bitcoin there's nothing you can do,but when your bank get stolen, like hacked you'll have the possibility to recover it back through contacting bank and there's still insurance backing you Yup, this is a weakness in the bitcoin. Because the company doesn't have a bitcoin gives responsibility for everything that happened, but this is the most enjoyable and profitable because we're not bound by the rules that can make us uncomfortable with this. The best thing about bitcoin is also possibly the worst thing about it: we own and control our funds. What is the worst there? But for me, banks will going to hate bitcoin only if they knew about it. But I think banks still doesn't know about bitcoin. And they are both useful, bank and bitcoin wallet. The worst part about here is there is no insurance if something were to happen to our coins. We control our own funds. As a result, we take full responsibility for what happens. Banks, for example, are insured in case of robbery or hacking. You can still get your funds after such event*. Bitcoin, on the other hand, is immutable. If we get robbed or someone got our private keys, what now? Roll back the blockchain? Cry until the funds return? |
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Humberton19
Member
Offline
Activity: 70
Merit: 10
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July 04, 2016, 03:43:32 AM |
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I choose bitcoin wallet is best
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I am Level 8 of Rollin.io Happy Life
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Imoote
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July 04, 2016, 04:14:31 AM |
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For me i have bank account for my fiat that i invest for long term because it is much secured than my bitcoin which is i have investment but only portion of my money and i will keep it for short term.
Yes, both are having their respective roles and I think still good. I'm using bitcoin to trade and make a profit. I also use a bank if I want to use the results of bitcoin by transferring it to make money atm and then used for my purposes. I prefer to keep money in banks and invest in bitcoin. |
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harizen
Legendary
Offline
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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July 04, 2016, 04:22:05 AM |
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I would have to pick bitcoin wallet. With my bitcoin wallet I'm depending on myself and myself only to keep it safe.
With a bank, I would need to be depending on the bank. With bitcoin wallet I can access my bitcoins whenever I want.
I think 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. I should agree with you,bitcoin still can't beat bank on safety and security,when you use bitcoin and you lose your bitcoin there's nothing you can do,but when your bank get stolen, like hacked you'll have the possibility to recover it back through contacting bank and there's still insurance backing you Yup, this is a weakness in the bitcoin. Because the company doesn't have a bitcoin gives responsibility for everything that happened, but this is the most enjoyable and profitable because we're not bound by the rules that can make us uncomfortable with this. The best thing about bitcoin is also possibly the worst thing about it: we own and control our funds. What is the worst there? But for me, banks will going to hate bitcoin only if they knew about it. But I think banks still doesn't know about bitcoin. And they are both useful, bank and bitcoin wallet. The worst part about here is there is no insurance if something were to happen to our coins. We control our own funds. As a result, we take full responsibility for what happens. Banks, for example, are insured in case of robbery or hacking. You can still get your funds after such event*. Bitcoin, on the other hand, is immutable. If we get robbed or someone got our private keys, what now? Roll back the blockchain? Cry until the funds return? That's the best part in saving banks, we are under the terms and agreements of World Bank wherein hacked or stolen cash, intenionally or not, chances of getting back our money is really high. Also if a bank goes to a bankrupt there are assets registered in country's respective Central Bank that may put to an auction and the proceeds will be paid for those investors. Also we save banks not for the expected price increase or interest. It's really different in saving our bitcoin so I don't get the point why people here comparing banks and bitcoin because of interest. Non sense of comparison just because of that honestly. |
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ning_chang
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July 04, 2016, 04:49:45 AM |
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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.
If i will choosing Bitcoin or bank. I choose bitcoin. Because is bank's are not much smooth and faster because they still do manual in their step by step procedure. unlike bitcoin everything can be done automatically and very faster transaction and low fee transaction. Unlike bank. Bank is just slow transaction and big transaction fee.. that's why i choose bitcoin because it is very easy for me to used.. 😇 |
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krishna1
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July 04, 2016, 04:55:54 AM |
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I only choose Bitcoin wallet because the transactions from one wallet to other is instant and have low transaction fees. And If the price of Bitcoin increases I will be making profits......
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Labumi
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July 04, 2016, 04:56:45 AM |
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I have both, bank account and Bitcoin wallet but I'd like to be independent from banks and use only Bitcoin. So far, due to the different reasons that isn't possible but that would be like I got my freedom again.
I think you should still be using both. Because the Bitcoin can only be used in some of the features of the real world and the bank is an important factor in the circulation of money. If you don't use a bank then that means you support that the real money is not good and it could cause chaos on financial |
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Schuyler
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July 04, 2016, 04:59:25 AM |
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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.
If i will choosing Bitcoin or bank. I choose bitcoin. Because is bank's are not much smooth and faster because they still do manual in their step by step procedure. unlike bitcoin everything can be done automatically and very faster transaction and low fee transaction. Unlike bank. Bank is just slow transaction and big transaction fee.. that's why i choose bitcoin because it is very easy for me to used.. 😇 But are you able to buy everything with bitcoin? If you want to convert you bitcoin to fiat, banks help a big deal. For me, they are both useful because they serve different purposes and I am happy that I am able to take advantage of the benefits that they give. Online transactions are now the way to go and conventional banking is giving way to the technology that we have. |
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CryingMidget
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July 04, 2016, 05:00:39 AM |
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I only choose Bitcoin wallet because the transactions from one wallet to other is instant and have low transaction fees. And If the price of Bitcoin increases I will be making profits......
Bitcoin wallet is more reliable than banks, because they don't charge taxes or interests, in btc wallet you are always in control plus you have the option to cash out any time no matter how good or bad the market maybe. |
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PokerFace3
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July 04, 2016, 01:39:01 PM |
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I will prefer to choose both of them as we need banks to save our money in a safest way and bitcoin is the best when it comes to access your money anytime you want.
I thinks using BTC wallet would be better then the Banks...., In many cases of security and privacy as well bitcoin wallet is more safer and good then the banks.., we all know that the chance of Bitcoin to be robbed is less as due to very high security level of encryptions and 2FA's but even in high security Bank we can hear the news of bank being badly robbed... So even for the security purpose I think Bitcoin wallet is safer  |
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Adrayrd
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July 04, 2016, 02:11:04 PM |
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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. If you want to make sure that your money is safe you should use the bank because bitcoin wallets cants make sure that your coins are safe into their wallets. So make sure your money is safe and use banks because the wallets are not very trust able thit years. |
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diodio5
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July 04, 2016, 11:36:54 PM |
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Both are convenient, Bitcoin because of the speed and the low fees, but a bank account is mandatory these days.
My energy bills, phone bills can't be paid with bitcoin.
so that's why you have to use both if you bitcoin users surely you will be using the banks as well as anyhow you'll need to buy a fiat not with bitcoin so the bank is in need. and so did bitcoin wallet because you will save bitcoin in it |
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Conus
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July 04, 2016, 11:44:56 PM |
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I think that bitcoin wallets are safe as long as the company you are dealing with is safe. If you are not dealing with a safe company, then you wallet will be at risk. it would be like asking whether to use the bank or a mob account. If you use a mob accountant, you never know if it is going to be safe, so you need to make sure you use a reputable service such as a bank, bitcoin wallets are the same way. If you have a hard wallet, you will be safe. Just my opinion.
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grim007
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July 04, 2016, 11:55:20 PM |
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bitcoin wallet. easy to use. less transaction fee. many opportunity to invest. and of course gambling is easy with that. hahah
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Playstreet
Newbie
Offline
Activity: 9
Merit: 0
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July 04, 2016, 11:57:21 PM |
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I think both are important, as with bitcoin we are earning money and easy transactions while with banks we do all other financial matters.
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coin_gambler
Sr. Member
Offline
Activity: 462
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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July 04, 2016, 11:58:35 PM |
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I only choose Bitcoin wallet because the transactions from one wallet to other is instant and have low transaction fees. And If the price of Bitcoin increases I will be making profits......
Bitcoin wallet is more reliable than banks, because they don't charge taxes or interests, in btc wallet you are always in control plus you have the option to cash out any time no matter how good or bad the market maybe. thats true, bitcoin wallet is not controlled by any banks and thats really great in my opinion, i always choose to use a bitcoin wallet over usual bank accounts that are shitty |
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elobizph
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July 05, 2016, 01:04:50 AM |
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I only choose Bitcoin wallet because the transactions from one wallet to other is instant and have low transaction fees. And If the price of Bitcoin increases I will be making profits......
Bitcoin wallet is more reliable than banks, because they don't charge taxes or interests, in btc wallet you are always in control plus you have the option to cash out any time no matter how good or bad the market maybe. thats true, bitcoin wallet is not controlled by any banks and thats really great in my opinion, i always choose to use a bitcoin wallet over usual bank accounts that are shitty For me do not put all your money in bitcoin because we do not know until when the bitcoin goes, "MAYBE" if will last forever that is good but i think the best way is to invest in bitcoin with a portion of your money then the rest put into a bank which is much safe than bitcoin. |
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futurebit640
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July 05, 2016, 01:09:51 AM |
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Bank is the safest place to keep yours in any country. But here profit is very less, but your amount should be 100% safe. If anything happens, Bank will take care, and they refund your amount. Bitcoin is not like that everything depends on Bitcoin price, You can make a huge profit as well as you will lose everything.Because the price of the Bitcoin is varying day by day.
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