Bank or Bitcoin Wallet?

[tabas]

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

using bitcoin we can control all our activities. gain full access to finance. while banks are closed.
however BANK much safer because the banks have been guaranteed by a financial institution that is credible.

For me it is better to use both, because banks are important for it is the storage of our real money here in real world. And in virtual world, which we are using digital currency which is the bitcoin, then of course we need bitcoin wallet. So, for me, they are both important and it is going to depend to the person on how he is going to use it.

[mirakal]

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

using bitcoin we can control all our activities. gain full access to finance. while banks are closed.
however BANK much safer because the banks have been guaranteed by a financial institution that is credible.

For me it is better to use both, because banks are important for it is the storage of our real money here in real world. And in virtual world, which we are using digital currency which is the bitcoin, then of course we need bitcoin wallet. So, for me, they are both important and it is going to depend to the person on how he is going to use it.

Well bank provide us security when something bad happen to your accounts through their insurance program while bitcoin wallet if compromised you will lose all your money at an instance, so that is the big difference, having both is more safe IMO.

[icecube45]

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

using bitcoin we can control all our activities. gain full access to finance. while banks are closed.
however BANK much safer because the banks have been guaranteed by a financial institution that is credible.

For me it is better to use both, because banks are important for it is the storage of our real money here in real world. And in virtual world, which we are using digital currency which is the bitcoin, then of course we need bitcoin wallet. So, for me, they are both important and it is going to depend to the person on how he is going to use it.

Well bank provide us security when something bad happen to your accounts through their insurance program while bitcoin wallet if compromised you will lose all your money at an instance, so that is the big difference, having both is more safe IMO.

True security in the bank is better than bitcoin wallet for money we could be guaranteed safe. So that we would be safe if the money in the bank without fear will disappear. If in bitcoin wallet in my opinion is not suitable to save money on a long time because there are no guarantees in storage, and also fluctuations also make bitcoin wallet is more suitable for investment and not for storing.

[sobsitesearch]

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

using bitcoin we can control all our activities. gain full access to finance. while banks are closed.
however BANK much safer because the banks have been guaranteed by a financial institution that is credible.

For me it is better to use both, because banks are important for it is the storage of our real money here in real world. And in virtual world, which we are using digital currency which is the bitcoin, then of course we need bitcoin wallet. So, for me, they are both important and it is going to depend to the person on how he is going to use it.

Well bank provide us security when something bad happen to your accounts through their insurance program while bitcoin wallet if compromised you will lose all your money at an instance, so that is the big difference, having both is more safe IMO.

True security in the bank is better than bitcoin wallet for money we could be guaranteed safe. So that we would be safe if the money in the bank without fear will disappear. If in bitcoin wallet in my opinion is not suitable to save money on a long time because there are no guarantees in storage, and also fluctuations also make bitcoin wallet is more suitable for investment and not for storing.

Yeah that is correct our money in bitcoin has no insurance that if they will disappear we can not get our money back, while in the bank it is fully secure and it has insurance that is why we need to have big investment in bank than bitcoin.

[sana54210]

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.

Yes, choosing both must be the practical solution to solve what ever financial demands for those who are having some issues in both bitcoin and fiats alternatively. As long as you are going for only either bitcoin or fiats, you must in need of having both to enjoy the specific benefits and to prevent particular problems.

But why you people are refusing to get benefit from the advantages of bitcoin payments over bank accounts. Even I am having both, I am trying to convert myself into only bitcoin holder. Because I had many problems with my bank accounts like got freezing my saving account out for non-maintaining minimum balance.

Yes the problems with bank accounts are numerous. If you are looking for hasslefree banking services then bitcoin wallet is the right solution. As long as people are ready to face the problems usually banks imposing towards us, banks will treat us as fools only. We need to quit banks if we want to be sole owner of our wealth.

I too love bitcoin wallets for the feature of decentralization for being "NOT a shared owner of my money".
But practically I will not be leading a life without having back bank accounts due to the purpose of getting my salary in bank account and spending them using bank cards. But in future I will choose only bitcoin wallets when bitcoin goes mainstream of payments.

[Sorrowfox]

Each and every person will have to decide do they trust more a bank or a Bitcoin and how much. If you trust 100% Bitcoin then I guess you have already converted all your Fiat into the BTC. I warn you though, don't close your bank account yet, because you still can't live without one, at least for now.

Why are banks afraid? Banks love control and to hide things sometimes. On the other side Bitcoin is all about giving this control to every user out there and also to have full transparency, not to hide anything.

Haha. Yes. They have to decide which one they trust more, like me. I trust my bitcoin wallet more compared to bank because I have already experienced losing money in my debit card because it is hacked so it means money in bank is not also that secured. I am not saying that bitcoin wallet is more secured than bank but still bitcoin wallet have a lot of advantages than the bank account.

[Xester]

i would definitely use only bitcoins but i think right now it is impossible

If I were to choose I will choose two, both wallet and banks. Wallet to store my bitcoins and banks to store my fiat currency or paper money. For me both currencies complement each other towards the success of my transactions.
But if time will come that bitcoin will be used as the primary legal tender then I will shift to wallet and leave banks.

[chaser15]

Haha. Yes. They have to decide which one they trust more, like me. I trust my bitcoin wallet more compared to bank because I have already experienced losing money in my debit card because it is hacked so it means money in bank is not also that secured. I am not saying that bitcoin wallet is more secured than bank but still bitcoin wallet have a lot of advantages than the bank account.

Then why make some actions in your respective bank? In that case, banks will cover all the lose since it's hacked. You do nothing about your case? It's your fault now if you didn't get some chargeback after. Also hacked debit card can't be applied to all banks in general.

And it has reasons why in the first place you have been hacked.

[katrimans]

i would definitely use only bitcoins but i think right now it is impossible

If I were to choose I will choose two, both wallet and banks. Wallet to store my bitcoins and banks to store my fiat currency or paper money. For me both currencies complement each other towards the success of my transactions.
But if time will come that bitcoin will be used as the primary legal tender then I will shift to wallet and leave banks.

I am also in a life similar to you. But I'm not ready to believe bank system of my country anymore. So, I am intensively trying to leave banks off completely for the reason of not willing to bear their slavery towards myself and my financial system. No longer want myself to be controlled by the means of cash by anybody.

[socks435]

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for  the price increase before they sell their bitcoins..

[purebitco]

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for  the price increase before they sell their bitcoins..

yeah, i think you will need to most probably to have both of them if you want to live a high quality life

[forumaster]

Both, bank for daily use for local markets and bitcoin for investments, trading and some online purchases.

[richardsNY]

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for  the price increase before they sell their bitcoins..

yeah, i think you will need to most probably to have both of them if you want to live a high quality life

I think the far majority of the people here are already using both options every day. It works perfectly fine for me, so there is no reason to choose for one of the two when we can use both.

[chaser15]

i would definitely use only bitcoins but i think right now it is impossible

If I were to choose I will choose two, both wallet and banks. Wallet to store my bitcoins and banks to store my fiat currency or paper money. For me both currencies complement each other towards the success of my transactions.
But if time will come that bitcoin will be used as the primary legal tender then I will shift to wallet and leave banks.

I am also in a life similar to you. But I'm not ready to believe bank system of my country anymore. So, I am intensively trying to leave banks off completely for the reason of not willing to bear their slavery towards myself and my financial system. No longer want myself to be controlled by the means of cash by anybody.

Meaning you are completely unaware of how banks works as your reason can't be applied in general. No technical basis since it came from your own feelings and perspective.

"No longer want myself to be controlled by the means of cash by anybody" - I can't get your point here.

[PacePay]

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for  the price increase before they sell their bitcoins..

if the banks and bitcoin become partners then not only we will get the benefit of security but the banks will also earn a bigger amount of bitcoin with bitcoin. so I think the banks should have to think about that.

[DeDordtenaar]

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for  the price increase before they sell their bitcoins..

if the banks and bitcoin become partners then not only we will get the benefit of security but the banks will also earn a bigger amount of bitcoin with bitcoin. so I think the banks should have to think about that.

I think even though it was a perfect match when you can buy bitcoin easily and you convert bitcoin to fiat easily. but it would be impossible for the bank to be working with bitcoin. banks will mentaat regulation of government in a country for bitcoin is still illegal then bitcoin will never cooperate with bitcoin

[potatopower]

of course bitcoin wallet and nothing else, i think it is the best thing

[JeffBrad12]

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for  the price increase before they sell their bitcoins..

if the banks and bitcoin become partners then not only we will get the benefit of security but the banks will also earn a bigger amount of bitcoin with bitcoin. so I think the banks should have to think about that.

I think even though it was a perfect match when you can buy bitcoin easily and you convert bitcoin to fiat easily. but it would be impossible for the bank to be working with bitcoin. banks will mentaat regulation of government in a country for bitcoin is still illegal then bitcoin will never cooperate with bitcoin

That's right, will impossible for the bank to working with bitcoin indirectly, but a lot of bitcoin users who having both of them is always made the bank is actually like working with bitcoin in the background.

[madwica]

of course bitcoin wallet and nothing else, i think it is the best thing

That is too risky mate if you store all you money in bitcoin i think you should also have a bank account for security of your money and it less risk if you money in the bank it has included in insurance while in bitcoin there is no insurance if you money will disappear.

[ASHLIUSZ]

of course bitcoin wallet and nothing else, i think it is the best thing

That is too risky mate if you store all you money in bitcoin i think you should also have a bank account for security of your money and it less risk if you money in the bank it has included in insurance while in bitcoin there is no insurance if you money will disappear.

Bitcoin can provide very high levels of security if used correctly but the price of a bitcoin can unpredictably increase or decrease over a short period of time, so keeping your savings with Bank is recommended at this point. Bitcoin is seen like a high risk asset, and storing money with Bitcoin may let you to lose.