Bank or Bitcoin Wallet?

[raven7886]

Bottom line is that we need both for now since
    1. Most people aren't into bitcoin yet. Most usually transact with a bank since it's familiar for them
    2. Banks have features and guarantees that are not present in Bitcoin (e.g. tx reversal in case of error, insurance, etc.)

The familiarity with bitcoin I think will be the biggest challenge here.
Anyone including old and young people can make bank transactions today. But if we talk about bitcoin, I don't think they will get it easily.

Bitcoin Wallet is much better . The only problem - in my opinion - is transform BTC in money when I need.
We can use XAPO, Advcash and othes, but we need more options for sure.

there is unlimited options to transform bitcoin into money. even I think one or 2 or at least few but legit options are enough. we do not need a lot of but most of scammy options..
in my country I can convert my bitcoin easily to fiat by Localbitcoin. and I'll never change this option unless any necessary need.

[dmarine]

I prefer to use both, since I can get more benefits this way. I think that would be impossible using only btc wallets these days, but I believe that the wallets for bitcoin and other cryptocurrencies will receive improvements and will be more used some day.

[chaser15]

in fact some bank do research about blockchain technology, in future i think bank will use blockchain system for his own transaction, but of course bank will be hold the private key.

Well they have the reason for it to hold the private keys since they are institution. It's not different with the current system just in another form because of blockchain technology.

It's a good service if bitcoin will use blockchain system. No doubt banks are helpful in many ways. There are just banks who giving dirt to this reputable institution and don't follow banking terms.

[CrimBit]

in fact some bank do research about blockchain technology, in future i think bank will use blockchain system for his own transaction, but of course bank will be hold the private key.

Well they have the reason for it to hold the private keys since they are institution. It's not different with the current system just in another form because of blockchain technology.

It's a good service if bitcoin will use blockchain system. No doubt banks are helpful in many ways. There are just banks who giving dirt to this reputable institution and don't follow banking terms.

the blockchain system will help bank for secure investment, the transparancy in bank can be accesed by everyone, so people will know where his money used by bank. also this system will help the transparancy loan system.

bank need interest to pay his service, he need money to paid salary his employer, so with this system bank can take interest to each people who borrow money at bank, and use the interest for each cost of activity bank.

[goldcoinminer]

in fact some bank do research about blockchain technology, in future i think bank will use blockchain system for his own transaction, but of course bank will be hold the private key.

Well they have the reason for it to hold the private keys since they are institution. It's not different with the current system just in another form because of blockchain technology.

It's a good service if bitcoin will use blockchain system. No doubt banks are helpful in many ways. There are just banks who giving dirt to this reputable institution and don't follow banking terms.

the blockchain system will help bank for secure investment, the transparancy in bank can be accesed by everyone, so people will know where his money used by bank. also this system will help the transparancy loan system.

bank need interest to pay his service, he need money to paid salary his employer, so with this system bank can take interest to each people who borrow money at bank, and use the interest for each cost of activity bank.

In our country there is no transparency on the part of the bank, because we have this bank secrecy law which I think it has been implemented all over the world, banks should protect our personal information and our transactions on deposits/withdrawals and loans to protect its clients.

[doomistake]

I would prefer bitcoin wallet than banks, why? It is because banks for me is hackable or doesn't have that much privacy than we have in our bitcoin wallets and What if a bank have been robbed and in that bank you've invested your bitcoin, so where would it go? the efforts, the time that you've spent in earning that bitcoin? It will just end in nothing, compared to bitcoin wallet that you're the only one who knows about it. There's no other involved so it's much safer.

[1Referee]

I would prefer bitcoin wallet than banks, why? It is because banks for me is hackable or doesn't have that much privacy than we have in our bitcoin wallets and What if a bank have been robbed and in that bank you've invested your bitcoin, so where would it go? the efforts, the time that you've spent in earning that bitcoin? It will just end in nothing, compared to bitcoin wallet that you're the only one who knows about it. There's no other involved so it's much safer.

Banks are secured for that and have a special bowl of money reserved solely for quarantaine happenings where theft is one thing of. That being said, you also are a big threat when your PC security and wallet files don't have good protection. Especially when you do everything with an infected PC which you think is clean. There are so many examples of people that lost their coins due to this.

[tabas]

I would prefer bitcoin wallet than banks, why? It is because banks for me is hackable or doesn't have that much privacy than we have in our bitcoin wallets and What if a bank have been robbed and in that bank you've invested your bitcoin, so where would it go? the efforts, the time that you've spent in earning that bitcoin? It will just end in nothing, compared to bitcoin wallet that you're the only one who knows about it. There's no other involved so it's much safer.

Well for me you don't have to choose to both of them because are both needed if you are going to be in bitcoin industry. Because bitcoins must needed to converted with USD and to your local currency and the banks are doing their jobs for it. They are the one who are setting the right price of USD to your local currency so they are both important.

[bamboylee]

Bottom line is that we need both for now since
    1. Most people aren't into bitcoin yet. Most usually transact with a bank since it's familiar for them
    2. Banks have features and guarantees that are not present in Bitcoin (e.g. tx reversal in case of error, insurance, etc.)

The familiarity with bitcoin I think will be the biggest challenge here.
Anyone including old and young people can make bank transactions today. But if we talk about bitcoin, I don't think they will get it easily.

I think it is not that hard to get started in using bitcoin. Anyone who already knows how to use iphone or android apps, can easily adopt in using bitcoin. They can start using online wallets for ease of use and online availability. And once they got the idea, they can start setting up their own cold storage. It is not how easy they can adopt to bitcoin, the question is , how long before they know that bitcoin exists.

[madwica]

Bottom line is that we need both for now since
    1. Most people aren't into bitcoin yet. Most usually transact with a bank since it's familiar for them
    2. Banks have features and guarantees that are not present in Bitcoin (e.g. tx reversal in case of error, insurance, etc.)

The familiarity with bitcoin I think will be the biggest challenge here.
Anyone including old and young people can make bank transactions today. But if we talk about bitcoin, I don't think they will get it easily.

I think it is not that hard to get started in using bitcoin. Anyone who already knows how to use iphone or android apps, can easily adopt in using bitcoin. They can start using online wallets for ease of use and online availability. And once they got the idea, they can start setting up their own cold storage. It is not how easy they can adopt to bitcoin, the question is , how long before they know that bitcoin exists.

I think you are correct the one thing is hard to them is how to earn in bitcoin, they only easily to exchange their fiat to bitcoin and vise versa but earning  with it is the hardest thing to do in bitcoin.

[freedomgo]

Bottom line is that we need both for now since
    1. Most people aren't into bitcoin yet. Most usually transact with a bank since it's familiar for them
    2. Banks have features and guarantees that are not present in Bitcoin (e.g. tx reversal in case of error, insurance, etc.)

The familiarity with bitcoin I think will be the biggest challenge here.
Anyone including old and young people can make bank transactions today. But if we talk about bitcoin, I don't think they will get it easily.

I think it is not that hard to get started in using bitcoin. Anyone who already knows how to use iphone or android apps, can easily adopt in using bitcoin. They can start using online wallets for ease of use and online availability. And once they got the idea, they can start setting up their own cold storage. It is not how easy they can adopt to bitcoin, the question is , how long before they know that bitcoin exists.

I think you are correct the one thing is hard to them is how to earn in bitcoin, they only easily to exchange their fiat to bitcoin and vise versa but earning  with it is the hardest thing to do in bitcoin.

Although there are a lot of opportunity here to earn but it is not easy to earn because we are like gambling in bitcoin so only those people who has the skills and luck at the same time will be rich and hopefully I am one of the people mention and I will be rich in the future.

[stromma44]

Bottom line is that we need both for now since
    1. Most people aren't into bitcoin yet. Most usually transact with a bank since it's familiar for them
    2. Banks have features and guarantees that are not present in Bitcoin (e.g. tx reversal in case of error, insurance, etc.)

The familiarity with bitcoin I think will be the biggest challenge here.
Anyone including old and young people can make bank transactions today. But if we talk about bitcoin, I don't think they will get it easily.

I think it is not that hard to get started in using bitcoin. Anyone who already knows how to use iphone or android apps, can easily adopt in using bitcoin. They can start using online wallets for ease of use and online availability. And once they got the idea, they can start setting up their own cold storage. It is not how easy they can adopt to bitcoin, the question is , how long before they know that bitcoin exists.

I think you are correct the one thing is hard to them is how to earn in bitcoin, they only easily to exchange their fiat to bitcoin and vise versa but earning  with it is the hardest thing to do in bitcoin.

Although there are a lot of opportunity here to earn but it is not easy to earn because we are like gambling in bitcoin so only those people who has the skills and luck at the same time will be rich and hopefully I am one of the people mention and I will be rich in the future.

Most of the people here are earning from signature campaign but only single source of earning is not enough to get rich with it, if you have talent and good skills then you can expect better outcomes.

[lienfaye]

I would prefer bitcoin wallet than banks, why? It is because banks for me is hackable or doesn't have that much privacy than we have in our bitcoin wallets and What if a bank have been robbed and in that bank you've invested your bitcoin, so where would it go? the efforts, the time that you've spent in earning that bitcoin? It will just end in nothing, compared to bitcoin wallet that you're the only one who knows about it. There's no other involved so it's much safer.

I have bank account for several years now and since then i didnt encounter any problem and i know that my money is secured. i also like btc and both has different features and uses so i will continue to use both and no need to choose.

[sishendaoye]

I would still choose the bank because mostly is than also safe and insured with the bitcoin wallet this is not the point at all.
I think that a bitcoin wallet is safe but not for big amounts plus its not stable too.

[molsewid]

Bitcoin wallet for me because you earn bitcoin in the cyberworld as well as you save your money without any requirments like in banks and also you can take profit if the bitcoin is up. This is an advantage of bitcoin. Also you see your money in your phone or in your pc by just visiting your wallet website and your wallet application.

[goinmerry]

Bitcoin wallet for me because you earn bitcoin in the cyberworld as well as you save your money without any requirments like in banks and also you can take profit if the bitcoin is up. This is an advantage of bitcoin. Also you see your money in your phone or in your pc by just visiting your wallet website and your wallet application.

Yes. Just joining with where the banks do invest will take time  and a lot of documents. I would prefer something like bitcoin which is easier and I am the one controllig every decision I want to make.

[phreaky]

Bitcoin wallet for me because you earn bitcoin in the cyberworld as well as you save your money without any requirments like in banks and also you can take profit if the bitcoin is up. This is an advantage of bitcoin. Also you see your money in your phone or in your pc by just visiting your wallet website and your wallet application.

Even if you from the cyberworld I would not choose the bitcoin wallet because its maybe safe but the bank can always give your money back if something goes wrong, of course not when its your own mistake but most of the time its no problem.

[umaOuma]

Bitcoin wallet for me because you earn bitcoin in the cyberworld as well as you save your money without any requirments like in banks and also you can take profit if the bitcoin is up. This is an advantage of bitcoin. Also you see your money in your phone or in your pc by just visiting your wallet website and your wallet application.

Yes. Just joining with where the banks do invest will take time  and a lot of documents. I would prefer something like bitcoin which is easier and I am the one controllig every decision I want to make.

Yeah bitcoin can give us rid from paper work and following rules and regulations that are involved with the banking system and with bitcoin wallet we can have full control on our funds.

[bamboylee]

I would prefer bitcoin wallet than banks, why? It is because banks for me is hackable or doesn't have that much privacy than we have in our bitcoin wallets and What if a bank have been robbed and in that bank you've invested your bitcoin, so where would it go? the efforts, the time that you've spent in earning that bitcoin? It will just end in nothing, compared to bitcoin wallet that you're the only one who knows about it. There's no other involved so it's much safer.

I have bank account for several years now and since then i didnt encounter any problem and i know that my money is secured. i also like btc and both has different features and uses so i will continue to use both and no need to choose.

We are still living in a world where fiat is the major currency. So, we cannot still dispose our bank accounts in favor of bitcoin wallets. We still need fiat and the banks provide safety and insurance of our fiat. If there will come a day that fiat is no longer needed and we can do all our purchases and transactions with bitcoin, then we can switch to bitcoin and bitcoin wallet.

[rio3233]

I would prefer bitcoin wallet than banks, why? It is because banks for me is hackable or doesn't have that much privacy than we have in our bitcoin wallets and What if a bank have been robbed and in that bank you've invested your bitcoin, so where would it go? the efforts, the time that you've spent in earning that bitcoin? It will just end in nothing, compared to bitcoin wallet that you're the only one who knows about it. There's no other involved so it's much safer.

I have bank account for several years now and since then i didnt encounter any problem and i know that my money is secured. i also like btc and both has different features and uses so i will continue to use both and no need to choose.

We are still living in a world where fiat is the major currency. So, we cannot still dispose our bank accounts in favor of bitcoin wallets. We still need fiat and the banks provide safety and insurance of our fiat. If there will come a day that fiat is no longer needed and we can do all our purchases and transactions with bitcoin, then we can switch to bitcoin and bitcoin wallet.

Yes, you are right. Bank is still important for many people around the world, because people still need and using fiat. But only few people that using bitcoin around the world. I think bank is more important.