Bank or Bitcoin Wallet?

[Hatuferu]

It would be wrong to say that one of the best options for storing money. Banks can not replace bitcoin wallets, equivalent to a bitcoin wallets will not be able to perform the functions of banks. It functions because the banks is not only safe but also other operations.

What do you mean banks are not safe here in my country the most secured to restore our money is banks and if they are bankrupt they should still repay for those who has savings account..
And we need them we can not exchange our bitcoin if there is no banks because here in my country we can withdraw bitcoin instantly via banks.

Banks are the most secure one to safe our money. banks are give us security guarantee to us, becouse Banks are very very huge corporation that supported by goverment.  although they make us pay so many cost to them but it is for their operations. use Bitcoin wallet apropriated for who doesn't like the bank cost which high enough. bitcoin wallet is secure enough, bitcoin wallet have technical thing that make harder to be hacked. so don't worry to use bitcoin wallet. that is good thing if there are some bank in youre country that can withdraw bitcoin via bank, it can make bitcoin more popular.

Bank is always my choice as well when it comes to saving my money, I have worked in the bank in the past so I know how secured our money their, even banks go bankrupt you will not worry as you will be paid by insurance.

Bitcoin wallet on the other hand is always good when you are only focusing on investing rather than saving money but you can do use both bank and bitcoin wallet to feel better.

[The_Dark_Knight]

I would like to keep bitcoin as it is with wallets, because banks are just a poster sign for centralization and I like the bitcoin of now with no central authority and no control of the network.. Banks are nice because they offer interest but bad for the network overall.

I would like that too, banks and bitcoin are two separate systems and they should stay that way and while banks offers interests bitcoin offers reevaluation against fiat.

[tygeade]

It would be wrong to say that one of the best options for storing money. Banks can not replace bitcoin wallets, equivalent to a bitcoin wallets will not be able to perform the functions of banks. It functions because the banks is not only safe but also other operations.

What do you mean banks are not safe here in my country the most secured to restore our money is banks and if they are bankrupt they should still repay for those who has savings account..
And we need them we can not exchange our bitcoin if there is no banks because here in my country we can withdraw bitcoin instantly via banks.

Banks are the most secure one to safe our money. banks are give us security guarantee to us, becouse Banks are very very huge corporation that supported by goverment.  although they make us pay so many cost to them but it is for their operations. use Bitcoin wallet apropriated for who doesn't like the bank cost which high enough. bitcoin wallet is secure enough, bitcoin wallet have technical thing that make harder to be hacked. so don't worry to use bitcoin wallet. that is good thing if there are some bank in youre country that can withdraw bitcoin via bank, it can make bitcoin more popular.

Bank is always my choice as well when it comes to saving my money, I have worked in the bank in the past so I know how secured our money their, even banks go bankrupt you will not worry as you will be paid by insurance.

Bitcoin wallet on the other hand is always good when you are only focusing on investing rather than saving money but you can do use both bank and bitcoin wallet to feel better.

Well its always good to use both of them and take benefits from both, banks are necessary for our day to day transactions related to fiat and bitcoin will take care of online transactions.

[doraemon1]

Both have a place to exist, if you talk to average people out there they aren't going to like the idea of having to deal with their own money as if they where a bank because people don't like responsibility so you will see services appearing that act as a bank for cryptocurrencies. Yes it defeats the point, but whatever, people will never learn, so give them the possibility of having their private keys managed by third parties if they want to.

[rizkyhiw]

iam choose bank to saving my money

Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.

i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?

Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.

if you talking about storing the whole of your money of course you can not choose bitcoin wallet
as bitcoin mostly considered as investment and thing to trade
but if you talking about how to store your money to make it productive
and bitcoin wallet is your choice , you may can see 1 bitcoin turn to 100 bitcoin

That is not possible to turn 1 BTC into 100 BTC by just storing your money because we we store it will not grow. But I get it, maybe you mean the value of our bitcoins will grow but not the volume.

I agree that the price of bitcoins will rise, but not the volume.

You can not change the volume the price is always depends in demand and supply not in volume..
For now we are expecting more investors will come in bitcoin so that the price will be more valuable..

That's why bitcoin is a better investment because there is no inflation as the if the demand will increase the price will also increase, with that fact, we should consider investing for the future because bitcoin is getting more popular now.

with no inflation in bitcoin , people should realize that bitcoin are the only choice to invest
it's almost guaranteed that bitcoin will grow everytime
don't be regret later when you see a high price bouncing
bitcoin are in another level now with any banks

[delliaerd]

iam choose bank to saving my money

Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.

i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?

Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.

if you talking about storing the whole of your money of course you can not choose bitcoin wallet
as bitcoin mostly considered as investment and thing to trade
but if you talking about how to store your money to make it productive
and bitcoin wallet is your choice , you may can see 1 bitcoin turn to 100 bitcoin

That is not possible to turn 1 BTC into 100 BTC by just storing your money because we we store it will not grow. But I get it, maybe you mean the value of our bitcoins will grow but not the volume.

I agree that the price of bitcoins will rise, but not the volume.

You can not change the volume the price is always depends in demand and supply not in volume..
For now we are expecting more investors will come in bitcoin so that the price will be more valuable..

That's why bitcoin is a better investment because there is no inflation as the if the demand will increase the price will also increase, with that fact, we should consider investing for the future because bitcoin is getting more popular now.

with no inflation in bitcoin , people should realize that bitcoin are the only choice to invest
it's almost guaranteed that bitcoin will grow everytime
don't be regret later when you see a high price bouncing
bitcoin are in another level now with any banks

Only storing money in bank is not so give us an advantage, becouse the fiat inflation will reduce the value of it, if we save fiat more longer the value will more reduced. may be just save some part of our money in bitcoin is a good investment to grow our fiat. but doing bitcoin investment could make our amount of bitcoin grow. although there are always a risk. I preffer like to change 80% of my money to gold, 10% to bitcoin, 10% to fiat.

[agustina2]

Only storing money in bank is not so give us an advantage, becouse the fiat inflation will reduce the value of it, if we save fiat more longer the value will more reduced. may be just save some part of our money in bitcoin is a good investment to grow our fiat. but doing bitcoin investment could make our amount of bitcoin grow. although there are always a risk. I preffer like to change 80% of my money to gold, 10% to bitcoin, 10% to fiat.

Why in the first place you will store money in bank just to expect great profits from it? Try to asked some question in people around area that uses bank if that is their main purpose.

It's for saving purpsoses since fiat currency is stable. Also fiat currency needs many years before the value of it will reduced. And even it will reduced retail price of products will go with the flow so still it's 1:1.

[mirakal]

Only storing money in bank is not so give us an advantage, becouse the fiat inflation will reduce the value of it, if we save fiat more longer the value will more reduced. may be just save some part of our money in bitcoin is a good investment to grow our fiat. but doing bitcoin investment could make our amount of bitcoin grow. although there are always a risk. I preffer like to change 80% of my money to gold, 10% to bitcoin, 10% to fiat.

Why in the first place you will store money in bank just to expect great profits from it? Try to asked some question in people around area that uses bank if that is their main purpose.

It's for saving purpsoses since fiat currency is stable. Also fiat currency needs many years before the value of it will reduced. And even it will reduced retail price of products will go with the flow so still it's 1:1.

Banks does not give you a good interest income, they are just using your money to lend it to people and we will only be paid a little amount of interest so if you are an investor and you love to earn big you will not be happy with the amount of interest you are earning in bank. The investment opportunity is in bitcoin.

[dhimasnk]

if you ask me do I choose Bank or bitcoin, then I will still choose the Bank. why? because Bank is institutions official state certainly very safe to save money

[gkv9]

if you ask me do I choose Bank or bitcoin, then I will still choose the Bank. why? because Bank is institutions official state certainly very safe to save money

Remember, banks are centralised institutions which keep an eye on whatever you do and you need to pay your government for the interest you get on your income... But in bitcoins, nobody is watching you and you are self-controller or I should say, you are your own bank here... Bank is better for saving, but for profits and anonymity, Bitcoin is the best...

[springgers]

if you ask me do I choose Bank or bitcoin, then I will still choose the Bank. why? because Bank is institutions official state certainly very safe to save money

Don't know where you live but you should read more about history, there's a lot of cases where government/banks locked the client money.
The best way is invest in some properties all around the world and never put 100% of your money in just one investment.

[JumperX]

if you ask me do I choose Bank or bitcoin, then I will still choose the Bank. why? because Bank is institutions official state certainly very safe to save money

Don't know where you live but you should read more about history, there's a lot of cases where government/banks locked the client money.
The best way is invest in some properties all around the world and never put 100% of your money in just one investment.

Even if you are investing your money you also need a place to save your money and for that I think bank is the best place as you cannot depend only on bitcoins as its future is unpredictable.

[CoinFoxs]

Only storing money in bank is not so give us an advantage, becouse the fiat inflation will reduce the value of it, if we save fiat more longer the value will more reduced. may be just save some part of our money in bitcoin is a good investment to grow our fiat. but doing bitcoin investment could make our amount of bitcoin grow. although there are always a risk. I preffer like to change 80% of my money to gold, 10% to bitcoin, 10% to fiat.

Why in the first place you will store money in bank just to expect great profits from it? Try to asked some question in people around area that uses bank if that is their main purpose.

It's for saving purpsoses since fiat currency is stable. Also fiat currency needs many years before the value of it will reduced. And even it will reduced retail price of products will go with the flow so still it's 1:1.

Banks does not give you a good interest income, they are just using your money to lend it to people and we will only be paid a little amount of interest so if you are an investor and you love to earn big you will not be happy with the amount of interest you are earning in bank. The investment opportunity is in bitcoin.

Who told you banks will not give you interest, if you fix your amount then banks will give you a monthly reward or interest on your money so you can also get profit through banks by depositing your money. Same in the case of bitcoin but if price decrease then may you have to face a loss am i right ?

[tampazeus]

Both are important for  us at a moment as bitcoin cannot take care of us everywhere and we mainly need fiat for our day to day transactions and bitcoin is best for online transactions.

[Noctis Connor]

bank or bitcoin wallet? I think both have their own advantages and disadvantages. for security I prefer to the bank because it is proven safe. but to be able to get more profits, bitcoin wallet is very easy for it

Yes to save money we need banks and to save bitcoins we need bitcoin wallet, both are important and have their unique features so its smart to choose both of them instead of going with single one.

Saving money is always need banks or bitcoins wallet but depends when you are earning if you are earning from bitcoin then people should choose bitcoin if they are earning bitcoin and if they earning real money from there salary then it should be nice to accept money and then save it direct to your bank people always have choices when they are decision making.

[Xenophoto]

if you ask me do I choose Bank or bitcoin, then I will still choose the Bank. why? because Bank is institutions official state certainly very safe to save money

This is the very reason why people don't migrate into Bitcoins while they still can. To be honest, people that trusts banks that much are those people that are trusting their government too much when their government all does is corrupt and abuse their power.

Don't you know that they have the power to seize or freeze your bank account? They can't do this no matter what they do if your coins are in Bitcoins. You're your own bank in Bitcoins and only you have the power to control your wallet.

[agustina2]

Only storing money in bank is not so give us an advantage, becouse the fiat inflation will reduce the value of it, if we save fiat more longer the value will more reduced. may be just save some part of our money in bitcoin is a good investment to grow our fiat. but doing bitcoin investment could make our amount of bitcoin grow. although there are always a risk. I preffer like to change 80% of my money to gold, 10% to bitcoin, 10% to fiat.

Why in the first place you will store money in bank just to expect great profits from it? Try to asked some question in people around area that uses bank if that is their main purpose.

It's for saving purpsoses since fiat currency is stable. Also fiat currency needs many years before the value of it will reduced. And even it will reduced retail price of products will go with the flow so still it's 1:1.

Banks does not give you a good interest income, they are just using your money to lend it to people and we will only be paid a little amount of interest so if you are an investor and you love to earn big you will not be happy with the amount of interest you are earning in bank. The investment opportunity is in bitcoin.

Who told you banks will not give you interest, if you fix your amount then banks will give you a monthly reward or interest on your money so you can also get profit through banks by depositing your money. Same in the case of bitcoin but if price decrease then may you have to face a loss am i right ?

Actually those kind of statement is always repeated in some of the page. They didn't really know how bank interest. They didn't have an experience so how come they can say that kind of things. I don't want to go into technical discussion since they will not understand too.

Just because they got profits from bitcoin , they think that interest in bank are not that great. Many of my colleagues have long term investment in our bank but most of the people locally using bank for savings purposes.

[gandame]

Two of them for me because I use bitcoin for trading and here in the forum. The bank also is for my salary to my work. So good storage bank when large amounts to put on it. Bitcoin and also for the small amount they may earn double the money here at BTC and more.

[crairezx20]

Two of them for me because I use bitcoin for trading and here in the forum. The bank also is for my salary to my work. So good storage bank when large amounts to put on it. Bitcoin and also for the small amount they may earn double the money here at BTC and more.

Yeah its always needs to your work to have a bank account to receive salary or you can just save it there your salary withdraw them if you needed.. bitcoins wallet is one of the good place its just like investment because the price of bitcoin is always increase and more price increase will come.

[chaosknight]

Two of them for me because I use bitcoin for trading and here in the forum. The bank also is for my salary to my work. So good storage bank when large amounts to put on it. Bitcoin and also for the small amount they may earn double the money here at BTC and more.

Yeah its always needs to your work to have a bank account to receive salary or you can just save it there your salary withdraw them if you needed.. bitcoins wallet is one of the good place its just like investment because the price of bitcoin is always increase and more price increase will come.

We cannot afford to go only with bitcoin wallet at a moment as in real world we need banks for our transactions as we need fiat for making purchases and for that we also need banks.