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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
renem
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August 13, 2016, 11:47:31 AM
 #2561

Gotta go with bank, sorry if im in a third world country i want to have money with me (right now at least)
yeah people had always a choice to choose what they want to use it is okay to you to use banks because it is the long run where you are sure to save your money or to hold you money here in my country bitcoin and other banks are now partner where we can sell our bitcoin and exchange it into fiat so that it easy for use to use bitcoin same as banks Smiley
iqlimasyadiqa
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August 13, 2016, 12:04:59 PM
 #2562

Gotta go with bank, sorry if im in a third world country i want to have money with me (right now at least)
yeah people had always a choice to choose what they want to use it is okay to you to use banks because it is the long run where you are sure to save your money or to hold you money here in my country bitcoin and other banks are now partner where we can sell our bitcoin and exchange it into fiat so that it easy for use to use bitcoin same as banks Smiley
yes I agree with you. Current features of the bitcoin is almost equal to the BANK. Security settings also bitcoin has been well tested. are identified by a state government guarantee. bitcoin still belumm widely recognized by several countries.
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August 13, 2016, 12:25:18 PM
 #2563

i think thata the best , is better to use both because if you keep all the money in bitcoin and a person need money in a bank account its easier to enter in your bank account and send directly from there

I agree with you, because I also use both. In addition I use bitcoin for investment and occasional online shopping thing, I also use the banks to withdraw bitcoin I got from trading. But not in the form of bitcoin again, but already I redeem become fiat. Most people do this as an alternative if there is no physical stores that accept bitcoin. cheers

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Corenin
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August 13, 2016, 01:09:52 PM
 #2564

i think thata the best , is better to use both because if you keep all the money in bitcoin and a person need money in a bank account its easier to enter in your bank account and send directly from there

I agree with you, because I also use both. In addition I use bitcoin for investment and occasional online shopping thing, I also use the banks to withdraw bitcoin I got from trading. But not in the form of bitcoin again, but already I redeem become fiat. Most people do this as an alternative if there is no physical stores that accept bitcoin. cheers

At this stage we need to use both as if you want to sell your bitcoins then its better to transfer them to your bank account instead of selling it for cash, so we need banks in order to sell our coins.
setupbounds
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August 14, 2016, 04:28:49 AM
 #2565

i think thata the best , is better to use both because if you keep all the money in bitcoin and a person need money in a bank account its easier to enter in your bank account and send directly from there

I agree with you, because I also use both. In addition I use bitcoin for investment and occasional online shopping thing, I also use the banks to withdraw bitcoin I got from trading. But not in the form of bitcoin again, but already I redeem become fiat. Most people do this as an alternative if there is no physical stores that accept bitcoin. cheers
I would use both too. However, in terms of where to put my asset, I would definitely use banks more than bitcoin.
I mean, I would not want my asset to be at risk of losing value since I do not have the capability of looking out for bitcoin's value at all times of the day.
I would need to sleep at least 6 hours and there's a lot of things that may possibly happen in those 6 hours.
jakelyson
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August 14, 2016, 05:33:02 AM
 #2566

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed
yes banks are around for a long time if you search it banks are in long turn where they service are doing good and there service are amazing too the good thing in banks are you can deposit your money like investment because here in my country we earn money while our money is in our banks it's like bitcoin wallet to if the bitcoins price will increase we gonna have profit too right ?

How much does your money earn in a bank? If it is just the normal interest of 1% per annum, then it is performing very poorly. But if you invested in bitcoin, the earning is very good. Like last year, if you bought when the price is 250$, your bitcoin has doubled in value right now. No bank can do that in less than a year.
peta4e
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August 14, 2016, 05:58:49 AM
 #2567

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed
yes banks are around for a long time if you search it banks are in long turn where they service are doing good and there service are amazing too the good thing in banks are you can deposit your money like investment because here in my country we earn money while our money is in our banks it's like bitcoin wallet to if the bitcoins price will increase we gonna have profit too right ?

How much does your money earn in a bank? If it is just the normal interest of 1% per annum, then it is performing very poorly. But if you invested in bitcoin, the earning is very good. Like last year, if you bought when the price is 250$, your bitcoin has doubled in value right now. No bank can do that in less than a year.

Yeah the interests paid by banks are too low and inflation will never allow your money to grow in future but if you invest money in bitcoin then you can expect good returns in quick time.
mirakal
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August 14, 2016, 08:03:38 AM
 #2568

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed
yes banks are around for a long time if you search it banks are in long turn where they service are doing good and there service are amazing too the good thing in banks are you can deposit your money like investment because here in my country we earn money while our money is in our banks it's like bitcoin wallet to if the bitcoins price will increase we gonna have profit too right ?

How much does your money earn in a bank? If it is just the normal interest of 1% per annum, then it is performing very poorly. But if you invested in bitcoin, the earning is very good. Like last year, if you bought when the price is 250$, your bitcoin has doubled in value right now. No bank can do that in less than a year.

Yeah the interests paid by banks are too low and inflation will never allow your money to grow in future but if you invest money in bitcoin then you can expect good returns in quick time.
Definitely true because the future of bitcoin is looking good, in banks there are time deposits that would give its depositors a bigger interest compared to regular savings, however we can also do that here by investing in bitcoin and that is too simple because you just have to buy and hold your bitcoins for a year. Then compare how much you earn if you invested with banks.

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chaosknight
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August 14, 2016, 08:09:56 AM
 #2569

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed
yes banks are around for a long time if you search it banks are in long turn where they service are doing good and there service are amazing too the good thing in banks are you can deposit your money like investment because here in my country we earn money while our money is in our banks it's like bitcoin wallet to if the bitcoins price will increase we gonna have profit too right ?

How much does your money earn in a bank? If it is just the normal interest of 1% per annum, then it is performing very poorly. But if you invested in bitcoin, the earning is very good. Like last year, if you bought when the price is 250$, your bitcoin has doubled in value right now. No bank can do that in less than a year.

Yeah the interests paid by banks are too low and inflation will never allow your money to grow in future but if you invest money in bitcoin then you can expect good returns in quick time.
Definitely true because the future of bitcoin is looking good, in banks there are time deposits that would give its depositors a bigger interest compared to regular savings, however we can also do that here by investing in bitcoin and that is too simple because you just have to buy and hold your bitcoins for a year. Then compare how much you earn if you invested with banks.

Profits earned from bitcoins would be definitely higher in compare to profits earned from the banks, but the fact is we also need banks for our day to day transactions so we need both at this stage.
john2231
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August 14, 2016, 08:18:55 AM
 #2570

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed
yes banks are around for a long time if you search it banks are in long turn where they service are doing good and there service are amazing too the good thing in banks are you can deposit your money like investment because here in my country we earn money while our money is in our banks it's like bitcoin wallet to if the bitcoins price will increase we gonna have profit too right ?

How much does your money earn in a bank? If it is just the normal interest of 1% per annum, then it is performing very poorly. But if you invested in bitcoin, the earning is very good. Like last year, if you bought when the price is 250$, your bitcoin has doubled in value right now. No bank can do that in less than a year.

Yeah the interests paid by banks are too low and inflation will never allow your money to grow in future but if you invest money in bitcoin then you can expect good returns in quick time.
Definitely true because the future of bitcoin is looking good, in banks there are time deposits that would give its depositors a bigger interest compared to regular savings, however we can also do that here by investing in bitcoin and that is too simple because you just have to buy and hold your bitcoins for a year. Then compare how much you earn if you invested with banks.

Profits earned from bitcoins would be definitely higher in compare to profits earned from the banks, but the fact is we also need banks for our day to day transactions so we need both at this stage.
For safe saving money banks is a good place and yeah we need this both because of withdrawal for bitcoin..
But the advantage of using bitcoin we are making a profit for price increase unlike for saving our money in banks..
Imoote
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August 14, 2016, 08:50:01 AM
 #2571

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed
yes banks are around for a long time if you search it banks are in long turn where they service are doing good and there service are amazing too the good thing in banks are you can deposit your money like investment because here in my country we earn money while our money is in our banks it's like bitcoin wallet to if the bitcoins price will increase we gonna have profit too right ?

How much does your money earn in a bank? If it is just the normal interest of 1% per annum, then it is performing very poorly. But if you invested in bitcoin, the earning is very good. Like last year, if you bought when the price is 250$, your bitcoin has doubled in value right now. No bank can do that in less than a year.

Yeah the interests paid by banks are too low and inflation will never allow your money to grow in future but if you invest money in bitcoin then you can expect good returns in quick time.
Definitely true because the future of bitcoin is looking good, in banks there are time deposits that would give its depositors a bigger interest compared to regular savings, however we can also do that here by investing in bitcoin and that is too simple because you just have to buy and hold your bitcoins for a year. Then compare how much you earn if you invested with banks.

Profits earned from bitcoins would be definitely higher in compare to profits earned from the banks, but the fact is we also need banks for our day to day transactions so we need both at this stage.
Yes that's right for the bank to save money instead of investing like bitcoin. We can save money safely in the bank and bitcoin is better used for investment in order to earn a profit. I think both need to be used because the usefulness of each.
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August 14, 2016, 10:16:36 AM
 #2572

For me both are always equal because i only use bitcoin wallet so that i hold my bitcoin earning where i can deposit my earning and all of bitcoin i earned and for banks. Banks are good to because it is now in the long run where many people choose to use banks because for them it is easy to use than bitcoin wallet.
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August 14, 2016, 10:48:12 AM
 #2573

If you are talking for saving my money then for that I will choose for bitcoin because at there I do not have to pay taxes and fees, and at there I earn daily profit which is much bigger then the interest of banks

If you have much money in real life, i think it's better to save it on bank. Because you will get a nice interest and get passive income for it. It's not big though, but it's still good.
I agree with you bank will never scam you considering you invest in Great banks in your country but for me i also want to invest in bitcoin even in short term because as i can see the value of bitcoin was continue to grow and it will gives us good profit
True bank may not be a scam and will certainly continue to increase so that it can keep pace with the times. If for a long-term investment and large capital could have to invest in the bank, but bitcoin also for short-term investments. So that both are equally needed in my opinion.

I agree, bitcoin investing is really worth it; if you noticed recently after the halving, the bitcoin value reached around $750, you just got to know the right time to make the best profit during that period. Even though, the value it is at right now is quite reasonable.

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freedomgo
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August 14, 2016, 11:36:12 AM
 #2574

If you are talking for saving my money then for that I will choose for bitcoin because at there I do not have to pay taxes and fees, and at there I earn daily profit which is much bigger then the interest of banks

If you have much money in real life, i think it's better to save it on bank. Because you will get a nice interest and get passive income for it. It's not big though, but it's still good.
I agree with you bank will never scam you considering you invest in Great banks in your country but for me i also want to invest in bitcoin even in short term because as i can see the value of bitcoin was continue to grow and it will gives us good profit
True bank may not be a scam and will certainly continue to increase so that it can keep pace with the times. If for a long-term investment and large capital could have to invest in the bank, but bitcoin also for short-term investments. So that both are equally needed in my opinion.

I agree, bitcoin investing is really worth it; if you noticed recently after the halving, the bitcoin value reached around $750, you just got to know the right time to make the best profit during that period. Even though, the value it is at right now is quite reasonable.


I am going to agree with it, bitcoin investment is really worth it rather than investing it to bank but if we are going to think about safety. Banks are much safer to invest for rather than bitcoin. And bitcoin is really risky at all, but of course if we are not going to take the risk we are not going to gain nothing.
Very well said mate, risk takes usually got rich because they are the one who can easily spot the right opportunity while those people who are playing safe will live the same life they have until they grow old which is not every man's dream.

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August 14, 2016, 11:42:50 AM
 #2575

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed
yes banks are around for a long time if you search it banks are in long turn where they service are doing good and there service are amazing too the good thing in banks are you can deposit your money like investment because here in my country we earn money while our money is in our banks it's like bitcoin wallet to if the bitcoins price will increase we gonna have profit too right ?

How much does your money earn in a bank? If it is just the normal interest of 1% per annum, then it is performing very poorly. But if you invested in bitcoin, the earning is very good. Like last year, if you bought when the price is 250$, your bitcoin has doubled in value right now. No bank can do that in less than a year.

Yeah the interests paid by banks are too low and inflation will never allow your money to grow in future but if you invest money in bitcoin then you can expect good returns in quick time.
Definitely true because the future of bitcoin is looking good, in banks there are time deposits that would give its depositors a bigger interest compared to regular savings, however we can also do that here by investing in bitcoin and that is too simple because you just have to buy and hold your bitcoins for a year. Then compare how much you earn if you invested with banks.

Profits earned from bitcoins would be definitely higher in compare to profits earned from the banks, but the fact is we also need banks for our day to day transactions so we need both at this stage.

It's very simple actually, why use one of the two options while you can have best of both worlds? No matter how anti banks you are, we do need them in our life. That's how the whole economic system is set up.
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August 14, 2016, 11:53:18 AM
 #2576

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 use both, because if i want to buy something very fast from local shop i can use my bank credit card

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August 14, 2016, 12:10:25 PM
 #2577

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 use both, because if i want to buy something very fast from local shop i can use my bank credit card
I don't understand why people are letting us choose between the two when the world is more wonder if we have different variety of payment method, I personally use both as I want to spend my money with an ease, I have bitcoins but in our country only few stores are accepting so I need to use my credit card.
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August 14, 2016, 01:28:28 PM
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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.
i use both, because if i want to buy something very fast from local shop i can use my bank credit card
I don't understand why people are letting us choose between the two when the world is more wonder if we have different variety of payment method, I personally use both as I want to spend my money with an ease, I have bitcoins but in our country only few stores are accepting so I need to use my credit card.
me too.i use both because i cant buy nothing with bitcoin in real life

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August 14, 2016, 01:34:04 PM
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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.
i use both, because if i want to buy something very fast from local shop i can use my bank credit card
correctly . using both we can take advantage of each feature. bank and bitcoin has the advantages of each.
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August 14, 2016, 01:41:51 PM
 #2580

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 use both, because if i want to buy something very fast from local shop i can use my bank credit card
correctly . using both we can take advantage of each feature. bank and bitcoin has the advantages of each.


Well using both is going to be advantage for all of us since we are in bitcoin. It is going to be less hassle if we are going to depend to both of it.
And why you are only going to choose only one if you can enjoy to manage both of it. Just manage to use them properly because you are the one that is going to benefit it.

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