Bitcoin Forum
June 22, 2024, 08:54:12 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 [135] 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 ... 189 »
  Print  
Author Topic: Bank or Bitcoin Wallet?  (Read 230431 times)
chaser15
Legendary
*
Offline Offline

Activity: 2688
Merit: 1065


Undeads.com - P2E Runner Game


View Profile
August 22, 2016, 04:08:11 PM
 #2681



Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.

You need some enlightment and good education about your concern. You didn't know the real score of price fluctuations that happen in fiat and bitcoin.

Ever experienced doing dollar trades? Or should I say ever put money in banks for price volatility "purposes"? If not then stop posting comparison about growing the money in bank and bitcoin wallet.

P.S : Delete your same post.

💀|.
   ▄▄▄▄█▄▄              ▄▄█▀▀  ▄▄▄▄▄█      ▄▄    ▄█▄
  ▀▀▀████████▄  ▄██    ███▀ ▄████▀▀▀     ▄███   ▄███
    ███▀▄▄███▀ ███▀   ███▀  ▀█████▄     ▄███   ████▄
  ▄███████▀   ███   ▄███       ▀▀████▄▄███████████▀
▀▀███▀▀███    ███ ▄████       ▄▄████▀▀████   ▄███
 ██▀    ▀██▄  ██████▀▀   ▄▄█████▀▀   ███▀   ▄██▀
          ▀▀█  ▀▀▀▀ ▄██████▀▀       ███▀    █▀
                                      ▀
.
.PLAY2EARN.RUNNER.GAME.
||VIRAL
REF.SYSTEM
GAME
|
████████████████████████████
████████████████████████████
████████████████████████████
██████ ▄▀██████████  ███████
███████▄▀▄▀██████  █████████
█████████▄▀▄▀██  ███████████
███████████▄▀▄ █████████████
███████████  ▄▀▄▀███████████
█████████  ████▄▀▄▀█████████
███████  ████████▄▀ ████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████▀▀▄██████▄▀▀████████
███████  ▀        ▀  ███████
██████                ██████
█████▌   ███    ███   ▐█████
█████▌   ▀▀▀    ▀▀▀   ▐█████
██████                ██████
███████▄  ▀██████▀  ▄███████
████████████████████████████
████████████████████████████
████████████████████████████
sirohige
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
August 22, 2016, 04:25:32 PM
 #2682

I would prefer bank as they are more secure.

bank is very secure place to transfer our money but, bitcoin is the best choice to transfer our money with lowest fee, cross country, and only few minute to get 1confirmation.
Yakamoto
Legendary
*
Offline Offline

Activity: 1218
Merit: 1007


View Profile
August 22, 2016, 04:27:02 PM
 #2683

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.
You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.
olyaru
Sr. Member
****
Offline Offline

Activity: 275
Merit: 250



View Profile
August 22, 2016, 05:08:46 PM
 #2684

I would prefer bank as they are more secure.

bank is very secure place to transfer our money but, bitcoin is the best choice to transfer our money with lowest fee, cross country, and only few minute to get 1confirmation.
Since the currency of the other samples will exist for a long time now and its banks will take. And I think that even with the release of bitcoin on a huge market, banks will not stop their activities.
richardsNY
Legendary
*
Offline Offline

Activity: 1232
Merit: 1091


View Profile
August 22, 2016, 05:29:27 PM
 #2685

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.
You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.

The main benefit is that Bitcoin's limited supply and the in potential higher going price, will compensate you in the way that you get to purchase more for the same amount of coins. Put that against fiat money where the value only goes down. The interest rates might compensate for that when they are quite a bit higher than they are now, but at most you'll only find yourself playing break-even when you leave money in your bank account.
OmnesOmni
Member
**
Offline Offline

Activity: 96
Merit: 10


View Profile
August 22, 2016, 05:43:36 PM
 #2686

Ether wallet because Ether Dollar and Stable Dollar will be coming out soon!
greatr
Sr. Member
****
Offline Offline

Activity: 447
Merit: 250


View Profile
August 22, 2016, 06:22:45 PM
 #2687

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.
You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.
though if i had to choose between the two i would go with bitcoin wallet even though it doesnt grow my money
agustina2
Legendary
*
Offline Offline

Activity: 2436
Merit: 1008


View Profile
August 22, 2016, 06:44:32 PM
 #2688

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.
You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.

Id like just to point out why the hell others people here have annoying knowledge about money saved in banks are not that quite interesting compare to bitcoin savings.

First of all, banks really has low interest but take note that the currency used is strong and even for centavo interest, the returns is really high as time goes by. If the same scene happens in bitcoin and bitcoin price will become stable, expect some same fate in bitcoin since it will be more used now as a currency and not as investment.
JeffBrad12
Hero Member
*****
Offline Offline

Activity: 2814
Merit: 524


Leading Crypto Sports Betting & Casino Platform


View Profile
August 23, 2016, 12:11:06 AM
 #2689

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.
You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.
though if i had to choose between the two i would go with bitcoin wallet even though it doesnt grow my money
Saving money in a bank is not growing your money too , and especially if you just saving a little amount in there and will be exhausted caused by the tax you can get for every month. I got a tax for my account for every month for $3.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
dragunfly
Full Member
***
Offline Offline

Activity: 162
Merit: 100

Crypto is love, crypto is life


View Profile
August 23, 2016, 12:39:39 AM
 #2690

Ether wallet because Ether Dollar and Stable Dollar will be coming out soon!
i think that ether is not going to have any good future, bitcoins are way better thats why i always use it and never banks
DU30
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250

I trade and Gemini and you should too.


View Profile
August 23, 2016, 12:52:24 AM
 #2691

I would prefer bank as they are more secure.

bank is very secure place to transfer our money but, bitcoin is the best choice to transfer our money with lowest fee, cross country, and only few minute to get 1confirmation.
I would have to say that bitcoin is more secure than a bank at this point.  Write me a check and there is a way that I could drain everything you have in your bank account.  The issue with Bitcoin is not the security, it is the availability of the bitcoin.  because it is harder to get access to your bitcoin for every day purchases, it is harder to count on using bitcoin on a daily basis.
dEJAVU95
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
August 23, 2016, 01:08:14 AM
 #2692

For the time being, bank. It is far more secure IMO, as there are lots of problems with Bitcoin lately. If you hold an online wallet, all may disappear. If you hold them in your computer, it is not as hard that it is broken losing your bitcoins, etc.
machinek20
Hero Member
*****
Offline Offline

Activity: 840
Merit: 501


View Profile
August 23, 2016, 01:23:34 AM
 #2693

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank
MakeMoneyBtc
Full Member
***
Offline Offline

Activity: 1092
Merit: 117


View Profile
August 23, 2016, 02:26:08 AM
 #2694

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 prefer both . With bank i can withdraw any time from any bank so it is faster
madwica
Hero Member
*****
Offline Offline

Activity: 714
Merit: 531


View Profile
August 23, 2016, 02:48:28 AM
 #2695

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 prefer both . With bank i can withdraw any time from any bank so it is faster
That is the advantage of the bank specially if you have an ATM any time anywhere you can withdraw money while in bitcoin the best advantage is the high profit on your investments that bank can not give it.
sirohige
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
August 23, 2016, 02:59:23 AM
 #2696

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank

bitcoin is very safe place to save our money but the problem people not use full controll wallet like mycellium or electrum wallet or paper wallet is have full control, so no people can touch our money not like 3rd wallet or centralized changer like poloniex, bittrex etc.
jerowacik
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000



View Profile
August 23, 2016, 03:31:05 AM
 #2697

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank

bitcoin is very safe place to save our money but the problem people not use full controll wallet like mycellium or electrum wallet or paper wallet is have full control, so no people can touch our money not like 3rd wallet or centralized changer like poloniex, bittrex etc.
easy and fast access is also a mainstay bitcoin. bitcoin makes it easy for every transaction made. I use bitcoin as bicoin so user friendly to use.
bamboylee
Hero Member
*****
Offline Offline

Activity: 1148
Merit: 504


View Profile
August 23, 2016, 04:01:52 AM
 #2698

For the time being, bank. It is far more secure IMO, as there are lots of problems with Bitcoin lately. If you hold an online wallet, all may disappear. If you hold them in your computer, it is not as hard that it is broken losing your bitcoins, etc.

You have to educate yourself on how to properly protect your bitcoin properly so you will not lose them. Bitcoin is very secure if you have the proper handling of it. The hack that happened is on the exchanges. There is still no hack that happened to bitcoin or blockchain itself. So in my opinion, bitcoin wallet is safe.
shamzblueworld
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


View Profile WWW
August 23, 2016, 04:09:46 AM
 #2699

To choose Bitcoin Wallet at the moment is not possible, especially for the whole of your money/asset/cash. Because it is not accepted as broadly as of yet, here at my place you can do absolutely nothing with it, cannot buy anything for daily life at all, so I would go for banks for now.
For BTC to be as popular as banks, they have to make their ATMs, they have to make it easy for everyone to cash it out, and also make the who process of it a bit more user friendly. I believe it is still geeky enough.
groll
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
August 23, 2016, 04:27:56 AM
 #2700

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank

Yes, bitcoin wallet seems more safer than banks though there was an issue of security breach on bitfinex but still it is more safer. I have heard of many bank companies that was being hacked  by a clever guy and still there is a continuous hacking on every part of the world.  Bitcoin wallet is made by a programmer so definitely he took some measures on the program.
Pages: « 1 ... 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 [135] 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 ... 189 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!