Bank or Bitcoin Wallet?

[escrowboy]

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 would choose BTC wallet, because a bank can say it is bankrupt, so I can lose my money

Banks can't easily say they already run out of funds because they will go under investigation and once they knew that bank is lying, their business will be close and all the funds will put to hold to return to investors.

[naidray]

I still prefer bank because we can't be sure in Bitcoin because what if the price goes down? then the value of your money will goes down as well. That is why it is so important that you have savings in your bank account. But also it is a good thing to put some amount in your Bitcoin because you should consider it as a good investment.

i agree with the fact that people should have some money in a savings account aside for when they need it. but if you just keep the coins in your wallet and the price goes down, it doesn't mean you have lost money, although it may feel like so for some people. you only lose money when you sell your coins for a lower rate than where you bought them for. very simple. basically the same goes up with your coins going up in value. you only get to benefit from the profit when you sell.

It's true that essentially, you don't lose any money from having the value of bitcoins go down if you're not selling them. However, it is a fact that there is a risk of bitcoin's value not going up any further, which means we'll be having less money. Good thing however, is that there is also the chance of bitcoin's value going further up thus leaving us with more money, if we're to sell them at the right moment.

[PokerFace3]

I choose bank because is more safest than to bitcoin. If you have a lot of money i think you may choose bank. These is for your safety and you have get profit too like bitcoin its also can double or triple your money in the bank coz your money got interest monthly. Bitcoin is not safe for a big money becausr you dont know who made bitcoin wallet.

interest monthly is not that big,most of them only 1% and you'll be charged fee, if your money wasn't big enough,will only losing money because of fees at the end of the month and it's can't even doubled your money or even tripled in 1 year

Makes sense right Having money money in bank for the interest !!! the value of money depreciates faster that your interest will rise. And by the way if there is any financial crisis the bank may never return back your money !!!

[chaser15]

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 would choose BTC wallet, because a bank can say it is bankrupt, so I can lose my money

Another shit thinking about banks. For your bright and clear information, all banks in one country are registered in their respective Central Banks. It means that all information of all shareholders, owners, staffs etc. are there listed. Also all assets and properties that owns by that bank are declared in accordance to law.

So it's a shit if banks will just declare there are bankrupt without thinking the possible consequences if they will found not saying a fact. And if ever that will happened, Central Bank have the authority to auction or sold all the assets and properties of that bank so that it can pay back all their clients.

Here's how bank workd. You can still recover your money if the banks will goes for a fraud.

[AioFox]

I would prefer to use a bitcoin wallet over a bank. But since lack of adoption of bitcoin as of today, I have no choice but to use a bank as well.
Maybe one day it will be possible for us not to depend on a bank anymore. I really do like the privacy and security that i feel using my blockchain wallets and theres also no unnecessary charges.

[StoreBit]

I would prefer to use a bitcoin wallet over a bank. But since lack of adoption of bitcoin as of today, I have no choice but to use a bank as well.
Maybe one day it will be possible for us not to depend on a bank anymore. I really do like the privacy and security that i feel using my blockchain wallets and theres also no unnecessary charges.

yes i think so but in present time we cannot depend on bitcoin wallet only. because in present time the bitcon is not yet legalize by any country and they can bane it any time then what will you do with your bitcoin wallet.

[Doamader]

Countries hasnt in the general any opinion around bitcoin i believe just Russia is against bitcoin at the moment, and the funny thing is the most faucet users are russian, soo making it not legal is atracting people to use and earn it anyway. I dont like banks because they charge huge interest into something you wanna to take, they charge to let my money on their hands as they use those money to lend others and several others services. The huge difference between my savings and if i request a loan, the interest i earn versus the interest they charge its ridiculous. For sure i would use bitcoin wallet, and my results would be amazing at the end of the year.

[JeffBrad12]

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 would choose BTC wallet, because a bank can say it is bankrupt, so I can lose my money

Another shit thinking about banks. For your bright and clear information, all banks in one country are registered in their respective Central Banks. It means that all information of all shareholders, owners, staffs etc. are there listed. Also all assets and properties that owns by that bank are declared in accordance to law.

So it's a shit if banks will just declare there are bankrupt without thinking the possible consequences if they will found not saying a fact. And if ever that will happened, Central Bank have the authority to auction or sold all the assets and properties of that bank so that it can pay back all their clients.

Here's how bank workd. You can still recover your money if the banks will goes for a fraud.

Just make me wanna to laugh after reading his posting, they just a shitty poster. never want to make a contribution with a little effort. I agree with you. and I'm not surprised about that. I can define that is a signature spammer just for reach a full post for every day.

[Doms]

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 would choose BTC wallet, because a bank can say it is bankrupt, so I can lose my money

Well you must study first and research to the bank that you are going to deposit your money and know if it is really a corrupt bank after at all.
In their management they must be corrupt but with their depositors they can't do it unless they are not going to give interest to the deposited money
to their bank.

Deposits on banks are insured up to a certain amount. In case the bank declares a bank holiday, you will be directed to another agency which would take a while before you get (a portion of) your money. Due diligence on banks and what they offer would really help because after all, it is our hard-earned money that we are entrusting to them.

[BitcoinPaw]

I think that it's the same things but with bitcoins you should not pay any taxes and it's very cool, but anyway i am not banks hater and i am also using banks.

[Wind_FURY]

I have recently started saving some of my work salary in bitcoins. But one thing I am scared of is the price fluctuations. Bitcoin goes up and down a lot and I would have to be on the top of the market checking the price minute by minute even if I am at work. Maybe it is better to get in at a lower price?

[elyas772]

I would prefer to use a bitcoin wallet over a bank. But since lack of adoption of bitcoin as of today, I have no choice but to use a bank as well.
Maybe one day it will be possible for us not to depend on a bank anymore. I really do like the privacy and security that i feel using my blockchain wallets and theres also no unnecessary charges.

me too, if my relation accept bitcoin, i will choose bitcoin as payment processor, but sometimes the rate is not reasonable, last mont i want to buy R9 390 using bitcoin i must pay $260 and using fiat i just pay $240 , then i use fiat system

[avw1982]

I think that it's the same things but with bitcoins you should not pay any taxes and it's very cool, but anyway i am not banks hater and i am also using banks.

I would prefer to store my assets in Bitcoin rather than a bank. Banks always charge a lot of fees and come with problems such as charge backs. Banks are afraid of Bitcoin because the technology could put them out of business without taxes.

[lienfaye]

I think that it's the same things but with bitcoins you should not pay any taxes and it's very cool, but anyway i am not banks hater and i am also using banks.

Thats what i think too, government doesnt charge tax in bitcoin so i can freely use it without worrying. the opportunity to earn is what i like best in bitcoin. but i do also have bank accounts but i rarely save money to it because sometimes im too lazy to go out.

[Ryananda]

I think that it's the same things but with bitcoins you should not pay any taxes and it's very cool, but anyway i am not banks hater and i am also using banks.

I would prefer to store my assets in Bitcoin rather than a bank. Banks always charge a lot of fees and come with problems such as charge backs. Banks are afraid of Bitcoin because the technology could put them out of business without taxes.

Bitcoin does have a lot more ease than banks. But I think the bank will not be lost and will always be updated. The Bank will continue to advance in terms of technology and would not be left behind. If I choose to invest bitcoin because I can get easy profit, but to save me choose a bank because, although the cost is more expensive but very safe.

[chaser15]

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 would choose BTC wallet, because a bank can say it is bankrupt, so I can lose my money

Another shit thinking about banks. For your bright and clear information, all banks in one country are registered in their respective Central Banks. It means that all information of all shareholders, owners, staffs etc. are there listed. Also all assets and properties that owns by that bank are declared in accordance to law.

So it's a shit if banks will just declare there are bankrupt without thinking the possible consequences if they will found not saying a fact. And if ever that will happened, Central Bank have the authority to auction or sold all the assets and properties of that bank so that it can pay back all their clients.

Here's how bank workd. You can still recover your money if the banks will goes for a fraud.

Just make me wanna to laugh after reading his posting, they just a shitty poster. never want to make a contribution with a little effort. I agree with you. and I'm not surprised about that. I can define that is a signature spammer just for reach a full post for every day.

So don't be like him and while commenting on my post you should give your statement too so that we can continue the discussion and you will not consider as spamming too.

I think that it's the same things but with bitcoins you should not pay any taxes and it's very cool, but anyway i am not banks hater and i am also using banks.

I would prefer to store my assets in Bitcoin rather than a bank. Banks always charge a lot of fees and come with problems such as charge backs. Banks are afraid of Bitcoin because the technology could put them out of business without taxes.

Link that banks are afraid of bitcoin, can you share? Explain it too and support your claims.

Also looks like you didn't know the real meaning of "chargebacks".

[OrangeII]

I think that it's the same things but with bitcoins you should not pay any taxes and it's very cool, but anyway i am not banks hater and i am also using banks.

I would prefer to store my assets in Bitcoin rather than a bank. Banks always charge a lot of fees and come with problems such as charge backs. Banks are afraid of Bitcoin because the technology could put them out of business without taxes.

Bitcoin does have a lot more ease than banks. But I think the bank will not be lost and will always be updated. The Bank will continue to advance in terms of technology and would not be left behind. If I choose to invest bitcoin because I can get easy profit, but to save me choose a bank because, although the cost is more expensive but very safe.

Well, you're right, but I guess it's better to choose both. because I think, bitcoin and banks very well if we use it. we can take advantage of the bank, because it has a security system that even very good at saving money, because the bank has a special technology for it. but we will not develop if only use the bank, so we need to make it into a bitcoin more

[Das]

For now, it is best to have both a bank account and a bitcoin wallet. The world is gradually moving to a stage where we all keep our money in bitcoins, but until then, both are invaluable.

[agustina2]

I think that it's the same things but with bitcoins you should not pay any taxes and it's very cool, but anyway i am not banks hater and i am also using banks.

I would prefer to store my assets in Bitcoin rather than a bank. Banks always charge a lot of fees and come with problems such as charge backs. Banks are afraid of Bitcoin because the technology could put them out of business without taxes.

Bitcoin does have a lot more ease than banks. But I think the bank will not be lost and will always be updated. The Bank will continue to advance in terms of technology and would not be left behind. If I choose to invest bitcoin because I can get easy profit, but to save me choose a bank because, although the cost is more expensive but very safe.

Well, you're right, but I guess it's better to choose both. because I think, bitcoin and banks very well if we use it. we can take advantage of the bank, because it has a security system that even very good at saving money, because the bank has a special technology for it. but we will not develop if only use the bank, so we need to make it into a bitcoin more

Clearly, both bitcoin and bank has important so I guess it no sense if we just keep comparing on it. There are things that bitcoin can't do while banks can and there are also things that banks can do that bitcoin can.

I will just choose one of them if they can do such all advantages that peoples want when dealing on a money transactions.

[HatakeKakashi]

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile