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dhampir-D
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September 21, 2016, 01:37:04 AM |
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The banks offer you a lot of services that may drain your money... where the fees depend on the banking service you use. These things don't happen with btc though.
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chaser15
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Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
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September 21, 2016, 01:55:53 PM |
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The banks offer you a lot of services that may drain your money... where the fees depend on the banking service you use. These things don't happen with btc though.
Lots of services that may drain people's money? It's not wrong to have a good practice if you will understand the term first before doing such banking things.  |
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richmcrich
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September 21, 2016, 01:59:57 PM |
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The banks offer you a lot of services that may drain your money... where the fees depend on the banking service you use. These things don't happen with btc though.
Lots of services that may drain people's money? It's not wrong to have a good practice if you will understand the term first before doing such banking things. Even you are very much aware of their regulations and rules, you might miss any one of them to get penalties at the end. Also, it will be your responsibility to know any new regulations that might also end up sucking your saving money. That is the reason government support bank, to have indirect income from people money. Bitcoin must be the hassle free banking solution, in future we might get all the functionality of bank into our bitcoin wallet itself, either by having new functionalities into bitcoin itself or by having any third party involvement. |
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vero
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September 21, 2016, 02:00:06 PM |
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The banks offer you a lot of services that may drain your money... where the fees depend on the banking service you use. These things don't happen with btc though.
it depends on the size of your savings in the bank if you have enough savings, the interest earned from deposits able to cover these costs. |
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digaran2
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September 21, 2016, 02:05:01 PM |
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Personally, I like the Bitcoin wallet. I always be suspicious with real bank with my real money, so imagine with my bitcoin... Grin
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goldcoinminer
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September 21, 2016, 02:24:50 PM |
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The banks offer you a lot of services that may drain your money... where the fees depend on the banking service you use. These things don't happen with btc though.
it depends on the size of your savings in the bank if you have enough savings, the interest earned from deposits able to cover these costs. No, you cannot do that, when you put so much money in the bank which is over the amount of maximum insurance, your money is also at risk. So, I would say that you also diversify your savings in different banks so it will be subjected with the maximum deposits or if you really want to earn big then just invest it in bitcoin. |
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Altcoinmoney
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September 21, 2016, 02:31:05 PM |
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I think there are so many people interested into the bitcoins that also banks will compare their money bank with a bitcoin bank but not for now maybe in the future they will come with something.
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TastyChillySauce00
Legendary
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Activity: 3178
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
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September 21, 2016, 02:37:19 PM |
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The banks offer you a lot of services that may drain your money... where the fees depend on the banking service you use. These things don't happen with btc though.
it depends on the size of your savings in the bank if you have enough savings, the interest earned from deposits able to cover these costs. well that's right that the interest which bank given could be able to cover the fees that's taken from your account but you really need a big amount of saving to cover the fees due too small interest while with bitcoin there's none fees monthly or even yearly,it's free charge until you're going to make a transaction |
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The_Dark_Knight
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September 21, 2016, 05:17:49 PM |
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In my opinion btc wallets are a safer option. In the Banks, fees are higher and there is the problem of centralization, but it's still the most practical way.
I completely disagree with you and i feel more safe in bank for putting my large some of money than in bitcoin wallets.In bitcoin wallet we cannot meat their support staff and cant see them in our locality but in my bank i can regularily have a view there,talk to managers for any problem.Even i cannot compare banks with bitcoin wallets. What you feel is irrelevant, this is about facts. First the reason you cannot contact support staff with bitcoin is because you are your own support staff since you are your own bank. Second all that support staff costs money, where do you think the banks gets that money? Yeah from you the client. |
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adibe
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September 21, 2016, 05:23:37 PM |
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If OP have an option for pick both, i'm sure many people will pick both bank and bitcoin wallet, because many people always use bank in real life. In the other hand people also using bitcoin wallet on online.
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agustina2
Legendary
Offline
Activity: 2436
Merit: 1008
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September 21, 2016, 05:32:23 PM |
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The banks offer you a lot of services that may drain your money... where the fees depend on the banking service you use. These things don't happen with btc though.
Lots of services that may drain people's money? It's not wrong to have a good practice if you will understand the term first before doing such banking things. Even you are very much aware of their regulations and rules, you might miss any one of them to get penalties at the end. Also, it will be your responsibility to know any new regulations that might also end up sucking your saving money. That is the reason government support bank, to have indirect income from people money. Bitcoin must be the hassle free banking solution, in future we might get all the functionality of bank into our bitcoin wallet itself, either by having new functionalities into bitcoin itself or by having any third party involvement. If people missed some of them then definitey people are not reading terms completely like the guy above said. And as far as your statement is concern, "it's people responsible to know any new regulations". I have a bank account itself and working for banking industry for years now that's why it's impossible for clients to missed some of the terms they entered with any of bank services. It's depend on the said bank if they will suck up peoples money. So all negative images of bank here in this thread might not be taken as a whole. That is totally biased. |
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haankoammu
Member
Offline
Activity: 115
Merit: 10
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September 21, 2016, 05:45:12 PM |
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I think it depends on how you look at BTC, in concept BTC is about decentralization and therefore in concept I doubt it would fit with a bank, but in a more practical view, a bank is a must with the current world finance and for a currency there need to be banks, I think a bitcoin bank might develop sometime in the future..
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socks435
Legendary
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Activity: 2058
Merit: 1030
I'm looking for free spin.
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September 21, 2016, 05:56:14 PM |
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If OP have an option for pick both, i'm sure many people will pick both bank and bitcoin wallet, because many people always use bank in real life. In the other hand people also using bitcoin wallet on online.
Yeah its good to choose both because they have both good benefits for bitcoin wallet if you buy bitcoin and save it for your bitcoin wallet you can gain a profit if the price of bitcoin is increase for savings you in the banks you can save it for a long time and dont spend it to have a good dream for your future.. |
Decided to end it with zer0 profit.
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draxcter
Newbie
Offline
Activity: 15
Merit: 0
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September 21, 2016, 06:02:46 PM |
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IMO both are different and necessary in a way you can not use your bank account where you can use your bitcoin wallet, banks have lot of limitations and rules for example with my bank I can not send more then 1000$ in 24 hours which is a pain and also I can not store to much money in bank they will ask questions. I think a wallet is sufficient to hold BTC but from profit aspect I think a bank is necessary as well.
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Steinar
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September 21, 2016, 06:39:13 PM |
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the easy answer is both! You need both! simply not enough institutions in the real world accept bitcoin yet, to avoid fiat currency entirly
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agustina2
Legendary
Offline
Activity: 2436
Merit: 1008
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September 21, 2016, 06:40:32 PM |
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IMO both are different and necessary in a way you can not use your bank account where you can use your bitcoin wallet, banks have lot of limitations and rules for example with my bank I can not send more then 1000$ in 24 hours which is a pain and also I can not store to much money in bank they will ask questions. I think a wallet is sufficient to hold BTC but from profit aspect I think a bank is necessary as well.
Some bitcoin exchanges have a limits too when cashing out money since it's part of protecting their clients. The same principle goes for bank. You will just passed the limits if you able to verify yourself for at least above third tier depends on the amount. |
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Bitcoinsummoner
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September 21, 2016, 06:44:50 PM |
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I can not deposit in banks because it takes a lot of process to have a bank account unlike bitcoin that you can setup your account easily and deposit without asking your really identity.. so i choose bitcoin instead of banks.
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Lokfar
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September 21, 2016, 07:17:46 PM |
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I prefer the bank because its in my eyes way more safe and its also that its very fun to do these days.
The bitcoin is a sort of same but it stays a investment..
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Lokfar
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September 21, 2016, 09:13:42 PM |
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The bank is safer but with the bitcoin wallet you can way better make profit because its the bitcoin.
Its just how you are wanting to spend your money and if you want to take some risks the bitcoin can be controlled by yourself.
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BitsandBites
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September 21, 2016, 09:57:24 PM |
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The bank is safer but with the bitcoin wallet you can way better make profit because its the bitcoin.
Its just how you are wanting to spend your money and if you want to take some risks the bitcoin can be controlled by yourself.
I choose the bitcoin wallet above it to be honest because of the fact you can control it and with the bank it can see's everything what you are doing it. I like my privacy and with the bitcoin I can control it all by myself. |
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