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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
lionheart78
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July 24, 2016, 06:43:01 AM
 #2141

Why do i need to choose between the two when I can have both  of them.  You know you can't transact smoothly in large sum of  currency without bank.  Though bitcoin might be the solution for this but alas, only few will  accept this kind of trade.  People still prefer money, because they trust it more.  Money and Bank.  And bitcoin for the transition.  You need to be prepare if there is some transition between money to Bitcoin as Bitcoin will never be liked by banking system because they want to control everything.

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altair09
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July 24, 2016, 06:47:37 AM
 #2142

Why would you choose between them when you can use both? Though it depends on your needs. If you are only choosing between them for the sake of safety or wallet, I would totally go for bitcoins as it is safer than banks on my experienced.

Bitcoins has a very limited type of market (for now), and it is not even accepted everywhere and still growing as per saying. Only a few accepts bitcoins as their payments while on the contrast banks (credit/debit cards) are widely used.
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July 24, 2016, 07:11:39 AM
 #2143

Keep slowly man, he just misses understanding about the bank or he never using a bank service and making shitty opinions like that. the bank always giving a guaranteed for us to store for safely. and because of that the some is wanna making a bank account is always needed to complete a lot of requirement from the bank is offer for us.

Haha maybe, because I think if we use bitcoin then we also have to use a bank, right? And no doubt we always use the bank.

Bitcoin wallet is hackable, especially Bitcoin wallet with a lack of security system. Let's take Blockchain.info as the example, if you dont' have a strong password and not using 2FA your wallet would likely to be hacked.

Really? means blockchains.info not safe if we do not use 2FA. because I've never read the news about the wallet hacked, maybe you can give me a reference. Thank you

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Ryananda
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July 24, 2016, 11:54:37 AM
 #2144

I would choose both for the moment. My savings is put in the bank just to make sure that it is subject to insurance if anything happens, while some of my assets in my wallet and I treat it as my investment as I believe that the price of bitcoin will substantially increase in the near future.
Yeah right I think both are very important. I keep money in the bank because it is very safe and there is a guarantee that we can keep our money in the bank quietly. We also use bitcoin wallet for investment because if we save money and prices rise we will benefit a lot.
chaosknight
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July 24, 2016, 12:06:27 PM
 #2145

I would choose both for the moment. My savings is put in the bank just to make sure that it is subject to insurance if anything happens, while some of my assets in my wallet and I treat it as my investment as I believe that the price of bitcoin will substantially increase in the near future.
Yeah right I think both are very important. I keep money in the bank because it is very safe and there is a guarantee that we can keep our money in the bank quietly. We also use bitcoin wallet for investment because if we save money and prices rise we will benefit a lot.

Yup I think we should use both of them as both have their own benefits and bitcoin don't have that high potential to replace bank ever in future.
MrChow
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July 24, 2016, 01:11:55 PM
 #2146

bitcoin..
madwica
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July 24, 2016, 01:17:05 PM
 #2147

bitcoin..
we need to have both, we do not know what is the future of bitcoin. but we need to secure our money in the bank it is less risk when your money is investing in the bank even it will gives you little income.
MaritiJames3
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July 24, 2016, 01:19:01 PM
 #2148

bitcoin..
we need to have both, we do not know what is the future of bitcoin. but we need to secure our money in the bank it is less risk when your money is investing in the bank even it will gives you little income.

Correct without a bank account you can't do anything, because your life depends on it.
Bitcoin is great for sending friends money but that's all to it if you compare it with a bank account or your creditcard (if you have one).
Sidas_Crew669
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July 24, 2016, 01:22:08 PM
 #2149

bitcoin..
we need to have both, we do not know what is the future of bitcoin. but we need to secure our money in the bank it is less risk when your money is investing in the bank even it will gives you little income.

True, we did have to have and use both of these if you want to get a much better earnings. Because both of these complement each other, giving and bank bitcoin provides facilities to perform all transactions we desire that cannot be given by bitcoin.
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July 24, 2016, 01:35:39 PM
 #2150

I would choose both for the moment. My savings is put in the bank just to make sure that it is subject to insurance if anything happens, while some of my assets in my wallet and I treat it as my investment as I believe that the price of bitcoin will substantially increase in the near future.
Yeah right I think both are very important. I keep money in the bank because it is very safe and there is a guarantee that we can keep our money in the bank quietly. We also use bitcoin wallet for investment because if we save money and prices rise we will benefit a lot.

Yup I think we should use both of them as both have their own benefits and bitcoin don't have that high potential to replace bank ever in future.
Yes true of both is needed, it is proven many bitcoin users who still use banks to store the results from those obtained from bitcoin with cashing. I also need both of them because I thought they were both very important.
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July 24, 2016, 01:41:06 PM
 #2151

As quoted by most users it's true that both needs to be given equal importance. At present bitcoin haven't reached most of the sectors for which bank is a must as its been accepted universally. Coming to bitcoin, its gonna rule the future days with its potential to grow higher.

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July 25, 2016, 05:04:13 AM
 #2152

I would only Choose Bitcoin wallet because Bitcoin price is Not Stable and If the price increases then I am in profit and also I can Do trading, investing, mining and other things with Bitcoin and Banks are not Giving much interest so I Choose only Bitcoin Wallets....
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July 25, 2016, 05:24:18 AM
 #2153

I would choose both for the moment. My savings is put in the bank just to make sure that it is subject to insurance if anything happens, while some of my assets in my wallet and I treat it as my investment as I believe that the price of bitcoin will substantially increase in the near future.
Yeah right I think both are very important. I keep money in the bank because it is very safe and there is a guarantee that we can keep our money in the bank quietly. We also use bitcoin wallet for investment because if we save money and prices rise we will benefit a lot.

Yup I think we should use both of them as both have their own benefits and bitcoin don't have that high potential to replace bank ever in future.
Yes true of both is needed, it is proven many bitcoin users who still use banks to store the results from those obtained from bitcoin with cashing. I also need both of them because I thought they were both very important.
Sometimes I saw about the hypocritical person just saying if he just using bitcoin and never need a bank, or very proud about bitcoin and forget if bitcoin is always needed another party to giving support for them.

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July 25, 2016, 05:30:35 AM
 #2154

For me i choose both i used bitcoin as my other investment while in bank account you will less the risk of your money because bank have a physical can able to see while in bitcoin can disappear even in one click because it is online without assurance if your money back if they will disappear.
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July 25, 2016, 05:35:36 AM
 #2155

For me i choose both i used bitcoin as my other investment while in bank account you will less the risk of your money because bank have a physical can able to see while in bitcoin can disappear even in one click because it is online without assurance if your money back if they will disappear.

The same as me, I also use them because I think we can not be separated by the bank for transactions related to bitcoin. Because we know there is rarely an offline store that accepts bitcoin therefore we often redeem bitcoin became fiat. And the fiat we take through the bank, right?
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July 25, 2016, 06:25:50 AM
 #2156

For me i choose both i used bitcoin as my other investment while in bank account you will less the risk of your money because bank have a physical can able to see while in bitcoin can disappear even in one click because it is online without assurance if your money back if they will disappear.
you are right that bank account risk is less but bitcoin wallet is also safe and beneficial and you can keep your money in bitcoin wallet as investment because bitcoin going to increase its price too much faster and you can get a good profit from bitcoin than bank account if you hold your bitcoin in wallet for specific time .
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July 25, 2016, 06:38:42 AM
 #2157

For me i choose both i used bitcoin as my other investment while in bank account you will less the risk of your money because bank have a physical can able to see while in bitcoin can disappear even in one click because it is online without assurance if your money back if they will disappear.
The disadvantages, what you are mentioning about bitcoin ecosystem, is also possible with banks, for example when you are coming out of bank ATM with cash, if you get robbed then there is no guarantee for returning of that money.

The advantages of bank is also possible with bitcoin ecosystem if you are ready to hold your bitcoin in cold storage for long term. In long, term you will have protection against price fluctuations and now a days physical bitcoin is also possible if physical thing is your big concern.

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July 25, 2016, 06:57:14 AM
 #2158

Bank i think if you have a big amount do deposit in bank but if the money does not big enough go fot bitcoin wallet to invest it if the price rise your money get profit. So if have big amount may choose bank for your safety. Secure your money in the bank that is best way you can do.
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July 25, 2016, 07:05:49 AM
 #2159

For me i choose both i used bitcoin as my other investment while in bank account you will less the risk of your money because bank have a physical can able to see while in bitcoin can disappear even in one click because it is online without assurance if your money back if they will disappear.
you are right that bank account risk is less but bitcoin wallet is also safe and beneficial and you can keep your money in bitcoin wallet as investment because bitcoin going to increase its price too much faster and you can get a good profit from bitcoin than bank account if you hold your bitcoin in wallet for specific time .
Yes if we did not tell us information bitcoin wallet, our account will be safe. But remained vulnerable to hack and there is no guarantee of security for bitcoin we save. In contrast to bank accounts that could guarantee the security of the money we save and legal. Bitcoin I think is very suitable as an investment and to make a profit, because the fluctuating prices can make a profit. Banks are excellent for storing the results we obtained safely. Both are very useful in my opinion.
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July 25, 2016, 07:08:38 AM
 #2160

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 must have them, bank and Bitcoin wallet. If only one I can't to real transaction, because in my country not many merchant to support Bitcoin
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