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peta4e
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September 14, 2016, 03:09:19 PM |
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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. Yeah and majority of businesses are dependent on banks and they need banks for their business transactions so I don't think those people will switch to bitcoins very easily. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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CarrollFilms
Full Member
 Offline
Activity: 156
Merit: 100
Can I eat a Bitcoin?
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September 15, 2016, 01:20:59 AM |
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I would like to switch completely over from my Bank to Bitcoin, but I wouldn't completely switch just yet.
Currently the price is very stable. This is the kind of economy that I would choose to have if I switched all the way to Bitcoin from fiat.
When prices get unstable that is when I wouldn't want to have my money invested into Bitcoin. And that's what Bitcoin is right now. An investment, a commodity. It still has some time before it can become a full currency and take the place of a currency. There is a volatile market and at times the price is easily manipulated or skewed depending on who is controlling the price.
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Back in my day Bitcoin used to cost $69
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mixan
Legendary
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Activity: 966
Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
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September 15, 2016, 01:32:12 AM |
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I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank. They don't actually have your money in there you know.  |
The parasite hates three things: free markets, free will, and free men.
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bL4nkcode
Copper Member
Legendary
Offline
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
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September 15, 2016, 01:45:31 AM |
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I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank. They don't actually have your money in there you know. Yes you're right dude I thought it also, its just like investing you're money in banks. And I guess many users here in bitcointalk which have a professional job and a company they managed have also a bank accounts and bitcoin wallet address, they could not avoid making bank accounts because I guess its required to them with their business . |
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ranlo
Legendary
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Activity: 1974
Merit: 1007
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September 15, 2016, 05:38:36 AM |
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I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank. They don't actually have your money in there you know. Fiat is still needed, no matter how you look at it. SOME things have to be purchased using fiat. There's just no way around this. |
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madwica
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September 15, 2016, 06:06:34 AM |
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I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank. They don't actually have your money in there you know. Fiat is still needed, no matter how you look at it. SOME things have to be purchased using fiat. There's just no way around this. Agreed fiat is much prefer to used by more people and bitcoin is only for investment that only few people knowing this and that is the advantage of users of bitcoin to people who really do not know about bitcoin. |
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tabas
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September 15, 2016, 06:54:53 AM |
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I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank. They don't actually have your money in there you know. Fiat is still needed, no matter how you look at it. SOME things have to be purchased using fiat. There's just no way around this. Agreed fiat is much prefer to used by more people and bitcoin is only for investment that only few people knowing this and that is the advantage of users of bitcoin to people who really do not know about bitcoin. Bitcoin is also used as currency but for me banks are good too. But I won't choose only one from them because I will going to prefer both of them because we are really enjoying the use of bitcoin as investment as once you have profit you are going to convert that to fiat money and how you are going to store that fiat if there is no bank. |
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bamboylee
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September 15, 2016, 06:59:17 AM |
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I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank. They don't actually have your money in there you know. I guess you are right because they lend out your money to make interest. But I think they are obligated to be liquid and you can get your money anytime you want. And they are covered with some insurance so they are secure to me. But if you feel you are better off having your money in bitcoin, then I guess it is okay too. |
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ironm@n
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September 15, 2016, 07:05:30 AM |
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The btc wallet is a great option, but the problem is that we depend on paper money to live today. Taking this into consideration, I would choose both to use.
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CoinBreader
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September 15, 2016, 09:24:21 AM |
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Bitcoin bank ? NO thank you very much! why ? Consider the current exchanges like banks, (yes you dont getting any rate per month/year) but what is happening  they get hacked (internal /external ) doesn t matter, what it matters is your coins is lost! so its better to keep them on your own wallet , and be responsible if some bad happens and you have take any safety. |
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zahra4577
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September 15, 2016, 09:26:55 AM |
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I prefer bank and if there are any bitcoin bank where we can keep our coins,I would be happy to put my coins there
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JessicaSe
Legendary
Offline
Activity: 840
Merit: 1000
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September 15, 2016, 09:28:59 AM |
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I will go with both of them, as I still feel that our money is safe with banks and we need fiat for our day to day expenses and bitcoin can take care of our online transactions.
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dhimasnk
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September 15, 2016, 10:19:27 AM |
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banks and bitcoin wallet has its own advantages and disadvantages. bank very safe to save money but can not be used as an investment. contrasts with bitcoin wallet
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TastyChillySauce00
Legendary
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Activity: 2982
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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September 15, 2016, 10:23:40 AM |
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banks and bitcoin wallet has its own advantages and disadvantages. bank very safe to save money but can not be used as an investment. contrasts with bitcoin wallet
i think that when you're saving in your bank if you have quite big amount the interest that given by bank even just a tiny percent could give you pretty decent profit,though there's also an offer by bank about fixed deposit that's working the same as investing so i don't agree with you that saving in bank can't be counted as investment |
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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September 15, 2016, 10:31:50 AM |
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I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank. They don't actually have your money in there you know. I understand what you say, but if I want to take out all my money from the bank that I use, I am definitely able to do so. But when people form groups and start to request a cashout of all their money, then it will be completely different. Banks will then run into problems because they indeed don't have that money. The majority of the money is stuck in mortgages, loands, stock market, etc. |
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AsaroUk
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September 15, 2016, 10:35:46 AM |
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The btc wallet is a great option, but the problem is that we depend on paper money to live today. Taking this into consideration, I would choose both to use.
A bank account vs a wallet is a easy choice. Banks allow us to pay our bills like rent and phone bills. Bitcoin not yet which makes a bank account mandatory and a wallet a hobby. This will change but now we have to deal with the banks. |
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klopcoin
Newbie
Offline
Activity: 56
Merit: 0
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September 15, 2016, 12:47:42 PM |
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What is wallet superiority? I know the bank is the safe one to keep my money. How about the wallets? Anyone can help me to know please  |
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groll
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September 15, 2016, 01:01:20 PM |
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I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank. They don't actually have your money in there you know. You mean it os not really there because they use your money to loan to someone? Yes, if you put your money to your bitcoin wallet as bitcoins it is like having put it in the bank. Bitcoin price goes up so your bitcoin is like having some interest. But if it goes down then banking is better. There are advantage and disadvantage with both, the bank and bitcoin wallet. |
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Corenin
Legendary
Offline
Activity: 1008
Merit: 1000
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September 15, 2016, 01:04:01 PM |
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I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank. They don't actually have your money in there you know. You mean it os not really there because they use your money to loan to someone? Yes, if you put your money to your bitcoin wallet as bitcoins it is like having put it in the bank. Bitcoin price goes up so your bitcoin is like having some interest. But if it goes down then banking is better. There are advantage and disadvantage with both, the bank and bitcoin wallet. Both are important for us at a moment, as if we loose coins from our wallet then its almost impossible to recover them back but if same thing happens with banks then they will take responsibility to recover our money. |
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randy8777
Legendary
Offline
Activity: 896
Merit: 1000
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September 15, 2016, 01:08:11 PM |
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What is wallet superiority? I know the bank is the safe one to keep my money. How about the wallets? Anyone can help me to know please with bitcoin you actually hold what you own. that's not the case with banks. that said, when you store your money in bitcoin, you first need to make sure that you are having a clean virus free computer. if that's the case, then you can secure your wallet file(s) with a very strong passphrase in order to "guarantee" that your coins are safe. and of course there are more security options that you can use to have a safe wallet, but that was just an easy example. if your computer security isn't top notch, and the wallet file is secured with a poor password, then then a bitcoin wallet won't offer you any security. but that's all up to you. |
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