Bank or Bitcoin Wallet?

[butragenjo]

I would choose to use bitcoin wallet and have all my money as bitcoins though bitcoin price is really fluctuating.

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[randy8777]

As of now still bank because i think that it os more safer rather than bitcoin because the price of bitcoin is not stable and bank provides increase on your current balance

In some reason you are correct but, but BTC wallets are much safer, we know that the price is not stable but the price may go so high that bank can’t provide us that much.... And we can hear a lot about bank being robed but the Bitcoin wallets are safer and is more strong in its security !

yup bitcoin price may go so high but bitcoin price may also go down so deep am i right?. why do people invest bitcoin when it started to go out and why do people cash it out after gaining profit?. Because they are afraid that bitcoin price may go down so fast without even noticing it and may lose their invested amount

It's not about which of which is stable and not stable. For me, it's all about the security of my money.

I'm still not sure whether which is superior in terms of security as in safekeeping my money from the risks of losing them. However, I have more trust in banks as of now to hold more of my money than with bitcoin wallets. Around maybe 25% of my assets are stored in bitcoin while the rest are in banks.

I guess  the instability Of bicoin price would affecT its security right?, so i still consider bank safer than bitcoin as we all know it has Proven for decades but i hope someday bitcoin can provide a much safer platform for its wallet

no. the volatility in the price has no effect on bitcoin and its security at all. the miners somewhat have an effect on the security if the majority of them stops mining. but all smaller miners and mining farms are used to the volatility. just look at the difficulty. mining farms keep adding hardware to their farms no matter how volatile the price is. and that makes bitcoin even more secure year on year.

Sorry i would clarify my answer i am refering to wallet , you are absolutely correct but i would also stand on my answer that btc price would affect the security of your wallet especially if  use online wallet

storing your coins in an online wallet is definitely not a smart move. beside that, can you explain what you mean with the price that is affecting your wallet? i don't see how the price has any impact on the security of any kind of wallet.

[wildan88]

I would choose to use bitcoin wallet and have all my money as bitcoins though bitcoin price is really fluctuating.

I think both are very important. but indeed in comparison, I also prefer bitcoin wallet. because we could have full control of our money. also fast delivery and low fee, can also be done at any time.

[langedwig]

Nowadays i use the Bitcoin wallet a lot more than using the bank account, of course i have both but as my best deals using the online marketplaces i prefer to use wallet.

[jonatuzc]

I do not see banks becoming obsolete. There will always be a need for banks, they also keep gold and other valuables asides money and as for them being scared of bitcoins... well they might integrate bitcoins into their payment system but bitcoins can never take over from banks.

Yes, because the bank is the central control of all existing in the financial world. All it needs to do the printing of money and the other is the task of the bank. If the bank is missing then the wheel will stop currency turnover and will definitely be a big problem

Banks are really essential to the foundation of a nation's economy now and removing them is unimaginable.
As for banks integrating bitcoins, it might really happen soon because some banks have already announced their plans and interest in doing so.

[HarryKPeters]

Nowadays i use the Bitcoin wallet a lot more than using the bank account, of course i have both but as my best deals using the online marketplaces i prefer to use wallet.

I have to say i use them both in the same frequency the last couple of money. It's funny to see how things are changing and my bitcoin experience is getting better and better every day.

[chixka000]

As of now still bank because i think that it os more safer rather than bitcoin because the price of bitcoin is not stable and bank provides increase on your current balance

In some reason you are correct but, but BTC wallets are much safer, we know that the price is not stable but the price may go so high that bank can’t provide us that much.... And we can hear a lot about bank being robed but the Bitcoin wallets are safer and is more strong in its security !

yup bitcoin price may go so high but bitcoin price may also go down so deep am i right?. why do people invest bitcoin when it started to go out and why do people cash it out after gaining profit?. Because they are afraid that bitcoin price may go down so fast without even noticing it and may lose their invested amount

It's not about which of which is stable and not stable. For me, it's all about the security of my money.

I'm still not sure whether which is superior in terms of security as in safekeeping my money from the risks of losing them. However, I have more trust in banks as of now to hold more of my money than with bitcoin wallets. Around maybe 25% of my assets are stored in bitcoin while the rest are in banks.

I guess  the instability Of bicoin price would affecT its security right?, so i still consider bank safer than bitcoin as we all know it has Proven for decades but i hope someday bitcoin can provide a much safer platform for its wallet

no. the volatility in the price has no effect on bitcoin and its security at all. the miners somewhat have an effect on the security if the majority of them stops mining. but all smaller miners and mining farms are used to the volatility. just look at the difficulty. mining farms keep adding hardware to their farms no matter how volatile the price is. and that makes bitcoin even more secure year on year.

Sorry i would clarify my answer i am refering to wallet , you are absolutely correct but i would also stand on my answer that btc price would affect the security of your wallet especially if  use online wallet

storing your coins in an online wallet is definitely not a smart move. beside that, can you explain what you mean with the price that is affecting your wallet? i don't see how the price has any impact on the security of any kind of wallet.

Well just in my opinion if btc price would go so high and then all the users using that wallet for example you are using a wallet that can allows you to cash it out in fiat in their service they might get bankrupt then shut down their site so you get affected

[thend1949]

I think i choose bank because nothing can say that bitcoin is stable in there price or getting dump. But in bank if you have a million monthly interest is big you see your profit monthly. But in bitcoin how many months or years getting price is higher so that if you have a big money i think use bank for your safety also and get good profit

[Strongkored]

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 choose both, because until now I still use bank besides using bitcoin. Because we know bitcoin can not yet fully accepted, therefore I need to dilute the BTC became fiat through the bank to be used. I think the banks are still a lot of consideration to add bitcoin to the system

[Ryananda]

I think i choose bank because nothing can say that bitcoin is stable in there price or getting dump. But in bank if you have a million monthly interest is big you see your profit monthly. But in bitcoin how many months or years getting price is higher so that if you have a big money i think use bank for your safety also and get good profit

But I think both are very good and can be put to good use. Bitcoin wallet we can use bitcoin temporary store and can be used for investment. We could benefit from fluctuations in bitcoin. Then we use the bank for long-term storage in order to secure money, but bitcoin should be be cashed in advance. I love like a function of the bank and bitcoin wallet.

[Sidas_Crew669]

I think i choose bank because nothing can say that bitcoin is stable in there price or getting dump. But in bank if you have a million monthly interest is big you see your profit monthly. But in bitcoin how many months or years getting price is higher so that if you have a big money i think use bank for your safety also and get good profit

That is certainly true, the bank is stable and will not be filed for bankruptcy that can harm us. But if we want to gain that much better with risk quite wonderful then bitcoin is inappropriate use, for almost the same bank bitcoin

[chixka000]

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.

 Yes bank is really more practical it just matter on your decision making on which specific bank will you put your money and you can also still have an interest that you will be getting on putting your. Money on that bank that would somehow relate to holding bitcoin to increase its price in a practical way

[StarofBTC]

Nowadays i use the Bitcoin wallet a lot more than using the bank account, of course i have both but as my best deals using the online marketplaces i prefer to use wallet.

I don't even have a bank account though. my all income stored in bitcoin wallets, and I always prefer to get my payment in bitcoin.
it doesn't mean I don't like banks. I know both are important but I just feel more compatible with bitcoin wallets, and the great features of bitcoin wallets.

[tabas]

Nowadays i use the Bitcoin wallet a lot more than using the bank account, of course i have both but as my best deals using the online marketplaces i prefer to use wallet.

I don't even have a bank account though. my all income stored in bitcoin wallets, and I always prefer to get my payment in bitcoin.
it doesn't mean I don't like banks. I know both are important but I just feel more compatible with bitcoin wallets, and the great features of bitcoin wallets.

You are right both of them are important. And it is really going to be good and true if you are going to say it that way.
Even you don't have bank account at all you are recognizing that banks are really important.

[agustina2]

I think i choose bank because nothing can say that bitcoin is stable in there price or getting dump. But in bank if you have a million monthly interest is big you see your profit monthly. But in bitcoin how many months or years getting price is higher so that if you have a big money i think use bank for your safety also and get good profit

Well, if you have money then put it in banks, and if you have bitcoin, put it in your bitcoin wallet, there is not much to compare between the two, but when it comes to investment or earning, I think it is much better if you would invest your money in bitcoin, but in safety of your profit, I think it should be put in the bank... 

Yes and make sense.

People here especially the bitcoin enthusiast keeps on comparing shit things about bank and bitcoin. And those things they are comparing are really non sense since they didn't know what's the point of the "thing" they are comparing like interest, safety, security, theft etc. blablablah.

[Maesters1-]

I would choose to use bitcoin wallet and have all my money as bitcoins though bitcoin price is really fluctuating.

to me both have their own importance we cannot ignore the importance of any one. if we have bitcoin in our wallet and the price increase and at some level you realize to sell the bitcoin then where will you put your money in wallet as Dollar and then if you want withdraw it then what will you do you have to use bank to withdraw it.

[Ryananda]

I would choose to use bitcoin wallet and have all my money as bitcoins though bitcoin price is really fluctuating.

to me both have their own importance we cannot ignore the importance of any one. if we have bitcoin in our wallet and the price increase and at some level you realize to sell the bitcoin then where will you put your money in wallet as Dollar and then if you want withdraw it then what will you do you have to use bank to withdraw it.

Absolutely we need both. Both the bank and very useful bitcoin wallet respectively. We can benefit from bitcoin and store in the wallet. And we also can use the bank to save our money and deal in reality. I think both are desperately needed. And in fact many bitcoin users who have a bank account.

[mafgwaf@gmail.com]

Both are important, We need both but if i were dare to pick one . I will pick Bitcoin wallet. I can easily control my money on my bitcoin wallet. i can gamble online using my bitcoins. If i need fiat i am transferring it to my Bank account to able to cash out it . It is always depending on your lifestyle

[bitcapitalist]

I think it's smart to diversify your assets. Don't have 100% of your net worth in BTC or in USD either if you are into Bitcoin.

I would use a Trezor or Ledger Wallet if you hold more than 2 or 3 BTC or $2000 in fiat value. Don't trust online wallets or just use them for disposable funds.

[qiwoman2]

Well I think it is best to have some bitcoin/altcoin wallets, banks, assets in general. I think accumulating bitcoin is col, but at the moment we also need banks for various services they provide. I am also turning to invest in gold and silver too.