Bank or Bitcoin Wallet?

[safari88]

I have been using bank-related services for a long time now and I can't see myself stopping to use those services, especially now that things are easier with online banking. Although there's always some risks associated with online banking, as with everything nowadays, the most I could do is just make it as secured as possible. With bitcoin, I am only barely scratching the surface of what it can offer and what benefits it can give. Bitcoin for now is more of an experimental journey for me, something that I'm willing to explore further in the next coming years.

The great thing is that you can use both instead of choosing one of the two options. I don't understand why certain people force themselves to choose when they can have the best of both worlds. Internet banking and making online payments have never been this easy. It allows us to pay for things instantly. At least, that's the case here.

Correct. Using both is a good choice and very profitable. We can use the bank to save money securely, and we could use bitcoin for profit or a good short-term investment. Both are very beneficial if used properly.

I'm 99% sure those who bought BTC for $1200 back in 2013 didn't make profit or increase their investment. BTC is beneficial if used properly... as a means of transfer. Not as an investment in and of itself. Claiming BTC is "very profitable" is asinine, and anyone who spent $1200 for their coins I'm sure would agree with that.

otherwise when bitcoin prices at $200 many people benefit a very high, when the price rises above $ 500.
if bitcoin is not profitable, not many people use. bitcoin is a kind of new investment which profitable if you are smart to take that chance.

[chaser15]

I will still chose my bitcoin wallet because it has more security and i will have enough peace of mind  

Look at this

Bank disadvantages:-

Seize of funds if you fuck up
The charge you Large transaction fee (it can blow of your mind)
The charge Larger transaction fee if you are doing a swift transfer
Pay for account maintenance
The can block your account if you have not used it for a long time

But with BTCbitcoin wallet i have less worries

All are wrong. I will explain my view to those things you list if you able to explain all things you stated.

Give some strong support and backup to your claims and I will explain to you why your thinking is wrong.

All of his statements depend on the country of residence. You're basing things on your local municipality, and unless you literally live in every country on earth, you can't possibly compare your personal situation with his.

Do you think I will have such statement like that if in the first place he stated that it's only applied in their country??

The statement is general so I need some further explanation about it. And can you please just wait for his answer before you enter the scene. I respect all the comments here.

[agustina2]

I'm 99% sure those who bought BTC for $1200 back in 2013 didn't make profit or increase their investment. BTC is beneficial if used properly... as a means of transfer. Not as an investment in and of itself. Claiming BTC is "very profitable" is asinine, and anyone who spent $1200 for their coins I'm sure would agree with that.

They didn't make it back then but as of today some of them already given back all those investment that being loss, at least.

Anyways do you know where can I check some volume trading back on $1200 price so that we can make a broad discussion on those people who able to bought at $1200.

[wuvdoll]

I have been using bank-related services for a long time now and I can't see myself stopping to use those services, especially now that things are easier with online banking. Although there's always some risks associated with online banking, as with everything nowadays, the most I could do is just make it as secured as possible. With bitcoin, I am only barely scratching the surface of what it can offer and what benefits it can give. Bitcoin for now is more of an experimental journey for me, something that I'm willing to explore further in the next coming years.

The great thing is that you can use both instead of choosing one of the two options. I don't understand why certain people force themselves to choose when they can have the best of both worlds. Internet banking and making online payments have never been this easy. It allows us to pay for things instantly. At least, that's the case here.

Correct. Using both is a good choice and very profitable. We can use the bank to save money securely, and we could use bitcoin for profit or a good short-term investment. Both are very beneficial if used properly.

I'm 99% sure those who bought BTC for $1200 back in 2013 didn't make profit or increase their investment. BTC is beneficial if used properly... as a means of transfer. Not as an investment in and of itself. Claiming BTC is "very profitable" is asinine, and anyone who spent $1200 for their coins I'm sure would agree with that.

That should have been obvious enough, considering the highest price reached by bitcoin is only at $1150, and the current value now is only about a third of that.
I disagree calling people asinine if they think btc is very profitable, simply because it is. It's not our fault if people actually lost money from it, isn't it? You just have to play the game in a smart way. BTC has it's risk so it's only natural that some people lose.

[shane]

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

people putting money in banks doesn't mean they are trusted. it's because they mostly don't have an other option. there are enough people around me disliking banks, but they all admit that they don't have much choice other than doing what they do. so far for them, there is no "better" alternative.

put money in the bank is not forced or because there is no other choice. because the bank is the safest place to save money. so anyone better to save a lot of money in the bank, because the bank is under government. so everything can be accounted.

that's how you think about it, no problem. however, the government here insures you an amount till €100,000. everything above that number will be lost in case a bank goes down. so definitely not everything is safe in a bank. how is that in your country?

in my country regardless of the amount you save in a bank it would be very safe, and therefore I always save a lot of money in the bank than in bitcoin wallet and the monthly cost is only $0.8.

[Youresioure]

It also matters wether we're discussing investment or saving. I couldn't accomplish my daily tasks without banking, but BTC seems to have a bright future so I'm investing into it. However, let me notice, for saving I still find gold and diamond the best. The issue is, we don't only keep our values in banks and BTC so the discussion could involve many more options, too.

[pearnapple]

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

people putting money in banks doesn't mean they are trusted. it's because they mostly don't have an other option. there are enough people around me disliking banks, but they all admit that they don't have much choice other than doing what they do. so far for them, there is no "better" alternative.

put money in the bank is not forced or because there is no other choice. because the bank is the safest place to save money. so anyone better to save a lot of money in the bank, because the bank is under government. so everything can be accounted.

that's how you think about it, no problem. however, the government here insures you an amount till €100,000. everything above that number will be lost in case a bank goes down. so definitely not everything is safe in a bank. how is that in your country?

in my country regardless of the amount you save in a bank it would be very safe, and therefore I always save a lot of money in the bank than in bitcoin wallet and the monthly cost is only $0.8.

banks are not safe at all its just the illusion, besides that if 3 per cent of people in the world would like to take all their money from banks then there wouldnt be enough paper money

[Gustavv]

for now i choose bank because to make transaction with other i use bank
example my family my friends they are still use bank so i have to use it
but i am hope i can use bitcoin globally at my country no need big fees like bank

[SmirnoffVany]

Which would not be a mistrust of banks, the banking system will exist for a long time and serve the population. Since digital waltz is alien for more than half of mankind, on the other the financial system is nothing to even talk.

[Matt Guy]

Well, banks are different and bitcoins brings great new possibilities, that's why I love using bitcoins. But banks still has some advantages.

[potatopower]

It also matters wether we're discussing investment or saving. I couldn't accomplish my daily tasks without banking, but BTC seems to have a bright future so I'm investing into it. However, let me notice, for saving I still find gold and diamond the best. The issue is, we don't only keep our values in banks and BTC so the discussion could involve many more options, too.

for both of them bitcoin wallet is a way better decision in my opinion, banks can never allow you to make that much money

[windale]

your can't compare bank and bitcoin walllet
bitcoin is right place compare with wallet altcoin or Payment procesor fiat money paypal perfectmoney solidtrustpay payeer skrill and more
and not right placed is compare with bank

[Osarman]

It also matters wether we're discussing investment or saving. I couldn't accomplish my daily tasks without banking, but BTC seems to have a bright future so I'm investing into it. However, let me notice, for saving I still find gold and diamond the best. The issue is, we don't only keep our values in banks and BTC so the discussion could involve many more options, too.

for both of them bitcoin wallet is a way better decision in my opinion, banks can never allow you to make that much money

yeah bitcoin wallet is very much safer and there is very lowest fees apply on bitcoin wallet than bank wallet and if bitcoin rise up its price then our bitcoin will be increase its price automatically so bitcoin very profitable for us.

[ranlo]

I have been using bank-related services for a long time now and I can't see myself stopping to use those services, especially now that things are easier with online banking. Although there's always some risks associated with online banking, as with everything nowadays, the most I could do is just make it as secured as possible. With bitcoin, I am only barely scratching the surface of what it can offer and what benefits it can give. Bitcoin for now is more of an experimental journey for me, something that I'm willing to explore further in the next coming years.

The great thing is that you can use both instead of choosing one of the two options. I don't understand why certain people force themselves to choose when they can have the best of both worlds. Internet banking and making online payments have never been this easy. It allows us to pay for things instantly. At least, that's the case here.

Correct. Using both is a good choice and very profitable. We can use the bank to save money securely, and we could use bitcoin for profit or a good short-term investment. Both are very beneficial if used properly.

I'm 99% sure those who bought BTC for $1200 back in 2013 didn't make profit or increase their investment. BTC is beneficial if used properly... as a means of transfer. Not as an investment in and of itself. Claiming BTC is "very profitable" is asinine, and anyone who spent $1200 for their coins I'm sure would agree with that.

That should have been obvious enough, considering the highest price reached by bitcoin is only at $1150, and the current value now is only about a third of that.
I disagree calling people asinine if they think btc is very profitable, simply because it is. It's not our fault if people actually lost money from it, isn't it? You just have to play the game in a smart way. BTC has it's risk so it's only natural that some people lose.

So what you're saying is everything in the world is "highly profitable" when used properly. Even when most people lose as a result. Your statement, therefore, means nothing, and surely doesn't make BTC a good choice when everything else fits in the same boat.

[Teraboy]

I have been using bank-related services for a long time now and I can't see myself stopping to use those services, especially now that things are easier with online banking. Although there's always some risks associated with online banking, as with everything nowadays, the most I could do is just make it as secured as possible. With bitcoin, I am only barely scratching the surface of what it can offer and what benefits it can give. Bitcoin for now is more of an experimental journey for me, something that I'm willing to explore further in the next coming years.

The great thing is that you can use both instead of choosing one of the two options. I don't understand why certain people force themselves to choose when they can have the best of both worlds. Internet banking and making online payments have never been this easy. It allows us to pay for things instantly. At least, that's the case here.

Correct. Using both is a good choice and very profitable. We can use the bank to save money securely, and we could use bitcoin for profit or a good short-term investment. Both are very beneficial if used properly.

I'm 99% sure those who bought BTC for $1200 back in 2013 didn't make profit or increase their investment. BTC is beneficial if used properly... as a means of transfer. Not as an investment in and of itself. Claiming BTC is "very profitable" is asinine, and anyone who spent $1200 for their coins I'm sure would agree with that.

otherwise when bitcoin prices at $200 many people benefit a very high, when the price rises above $ 500.
if bitcoin is not profitable, not many people use. bitcoin is a kind of new investment which profitable if you are smart to take that chance.

I think in eveery margins is always having a possibilities for getting a profit but sometimes the chance is always become a lower than before, the profit or not is relied with what the owner is manage their bitcoin and taking a chance, like if in this time the price of bticoin is in the $500 but for several days it's happened any increase for the price of bticoin like $510 but if you know about that you wanna spending your btc, for example i assuming your btc is 15btc and then you're putting your money in btc at the price is stand at $500 and after several days you get the price is increase for $510 and you just wanna making calculate for your profit you get $10 for a 1 btc.

[Yakamoto]

It also matters wether we're discussing investment or saving. I couldn't accomplish my daily tasks without banking, but BTC seems to have a bright future so I'm investing into it. However, let me notice, for saving I still find gold and diamond the best. The issue is, we don't only keep our values in banks and BTC so the discussion could involve many more options, too.

for both of them bitcoin wallet is a way better decision in my opinion, banks can never allow you to make that much money

yeah bitcoin wallet is very much safer and there is very lowest fees apply on bitcoin wallet than bank wallet and if bitcoin rise up its price then our bitcoin will be increase its price automatically so bitcoin very profitable for us.

There are no fees when it comes to a Bitcoin wallet, at least not when it comes to just storing your funds like when you store your funds in a bank. There are also no minimum balance fees either, so that is a nice addition for people who don't necessarily have a lot of Bitcoin available. The only fees associated with Bitcoin wallets are the transaction fees, which are already quite cheap and relatively decently priced for what they are.

[vasrasus]

Maybe both they are both beneficial in terms on taking care of our money. Banks for our daily uses , buying goods payment in tuition or bills. In bitcoin I is good for investment it's value gives more than the bank could offer and it is trusted in terms that we can always see the value or the changes that happening in bitcoin rates.

[Bit1334271]

Maybe both they are both beneficial in terms on taking care of our money. Banks for our daily uses , buying goods payment in tuition or bills. In bitcoin I is good for investment it's value gives more than the bank could offer and it is trusted in terms that we can always see the value or the changes that happening in bitcoin rates.

Its not good for every one to use Banks because in many developing countries they are scaming and creating problems for common peoples some have too much taxes just because of this now peoples avoiding them and trying to invest in other places and many are now keeping money in houses because they are much better and safe places other then banks

[madwica]

Maybe both they are both beneficial in terms on taking care of our money. Banks for our daily uses , buying goods payment in tuition or bills. In bitcoin I is good for investment it's value gives more than the bank could offer and it is trusted in terms that we can always see the value or the changes that happening in bitcoin rates.

Its not good for every one to use Banks because in many developing countries they are scaming and creating problems for common peoples some have too much taxes just because of this now peoples avoiding them and trying to invest in other places and many are now keeping money in houses because they are much better and safe places other then banks

But in my opinion i choose bank for lifetime investment of my money here in my country commercial banks did not scam their clients instead if you have big amount of deposit you are very special to them and treat like a big boss.
But if we choose to have both we can generate good profit for long term period.

[Bit1334271]

Maybe both they are both beneficial in terms on taking care of our money. Banks for our daily uses , buying goods payment in tuition or bills. In bitcoin I is good for investment it's value gives more than the bank could offer and it is trusted in terms that we can always see the value or the changes that happening in bitcoin rates.

Its not good for every one to use Banks because in many developing countries they are scaming and creating problems for common peoples some have too much taxes just because of this now peoples avoiding them and trying to invest in other places and many are now keeping money in houses because they are much better and safe places other then banks

But in my opinion i choose bank for lifetime investment of my money here in my country commercial banks did not scam their clients instead if you have big amount of deposit you are very special to them and treat like a big boss.
But if we choose to have both we can generate good profit for long term period.

As I already said its not happening in all countries I also read in many countries they are giving good services and good profit but we have no option like this just because of this here in our country peoples not like to have money in banks they mostly keep or invest in property or Gold like these options