You should never trust banks

[CryingRock]

I much more trust to the biggest lier which I know then to someone from financial institution and to financial institution leaders and our govrement because they are only operating towards us never good things.

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[FirstFIow]

For OPIn addition, banks will classify you based on your credit rating. If your credit rating is reduced, they will not value you.Just due to this reason I use bitcoin. Every new bitcoin wallet is sort of a new banking account.I love Bitcoin

[Kasabus]

I much more trust to the biggest lier which I know then to someone from financial institution and to financial institution leaders and our govrement because they are only operating towards us never good things.

The government is operating base on the law but we cannot deny the fact that there are people in the government who are corrupt, they uses
their power for their personal interest. Bank is centralized and our information is at risk when there are corrupt in the department, bitcoin solves that so we we should continue to support for the benefit of all.

[gIimmer]

Yes that's poor solution for me because I want some bank in which I'm able to believe in however i rely upon this subject solution that people do not need to believe and so i believe in simply to myselft and nobody other simply because these days globe is location where you cannot believe in to almost nobody.

[crypcoinmonster]

That's a fact, but if I held my money it'll prolly be all spent in a day. lol

[rathaha10]

They actually are the owners of your money. Sometimes they will call you ask what you did with the money. They even asked me what my job was and what I was doing. Even when you are about to buy a car you need your money from the bank but you can only cash out a certain limit so you need to call them and ask if you can have more. While on bitcoin you have that problem not anymore you are the owner of your own wallet and you are responsible to protect your wallet from everything like hackers.

[rost1989]

I still remember the day when I wanted to make a deposit to earn some %.  But % seemed very nice and smelled smtng wrong. 2 months after this bank was closed.
I live in Ukraine.

[1ddream0utI0ud]

i told individuals to buy bitcoin if this was just a couple dollars.. now I pity them 

[xanxus.kun]

this is why some people would rather keep their money than to store it in banks.

[changcloy]

true plenty of times or case happen that banks are being close...one of the banks here in my country is being closed and my parents put their savings there   bad happen that it was close because of being bankrupt and until now they did not refund my parents..sometimes it is really hard to trust even big names of banks.

[Bitcoincole]

true plenty of times or case happen that banks are being close...one of the banks here in my country is being closed and my parents put their savings there   bad happen that it was close because of being bankrupt and until now they did not refund my parents..sometimes it is really hard to trust even big names of banks.

I think banks are guided by the respected policies of every country. They are protected and guided by law for the protection of it's depositors therfore there' s no reason we should not trust banks. However, like any other establishment or business there is always rooms for risk and failure just like in saving bitcoin to our wallets. All we have to do is to be vigilant and wise in our decision making.

[cinchin]

true plenty of times or case happen that banks are being close...one of the banks here in my country is being closed and my parents put their savings there   bad happen that it was close because of being bankrupt and until now they did not refund my parents..sometimes it is really hard to trust even big names of banks.

- Yeah, in some countries, banks are really unreliable, sometimes they will lock up accounts and then the money in our account disappears absurdly, and when we complain to them, they always delay in the settlement, we will need to wait a long time
- In my country, banks are not so good, every year there is always news that says a large amount of money in the bank accounts evaporate, then the bank declared bankruptcy, people did not get back the money, many people are living a good life but in just a moment, they become poorer than ever. I never trust and send money to the bank, I'm scared someday, my money will disappear without reason, I do not want to live in a state of anxiety every day

[gIimmer]

It is certainly regarding viewing some of the issues banks all over the world are experiencing. I try not receiving held in the crypto negative financial institution replicate holding chamber but it looks pretty dismal at times.

[entebah]

this is why some people would rather keep their money than to store it in banks.

Well they are also facing risk their specially when accident appears on your house. I'd rather put my money on a bank that to keep it personally, well atleast my money are safe there, and I can get it anytime I want. I only not use my banks as my investments basically you can't make money with that but for the purpose of liquidity, I will go for the banks.

Yes ... banks are not bad, they give convenience with various products, such as ATMs and credit cards.
I am very helpful with the Bank, indirectly.
just to borrow money in Bank I will think about it, I do not like the better interest I save.

[Papaczed]

That's a fact, but if I held my money it'll prolly be all spent in a day. lol

For me why we should never trust banks? I dont agree with that,  banks is not doing wrong with us, banks is good for us because many people are saving there money in banks, and banks is helping people to keep safe and protect there money so we should trust banks because there are many good benefits banks can give to us.

[Klestar]

My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

Yes don't trust in bank because of you get your mkney in bank it's a long time process that will mad to you but if you use bitcoin and some wallet like coin ph in our country this is the best way to withdraw your money and this is secured.

[Afnan_faizah]

this is why some people would rather keep their money than to store it in banks.

Yes, keep money is better than store it in bank. Store our money is not so good for us because bank can control our money, so they will be able to control the government, laws and even war too. This was already done by the Rothchild banking family that finance the fate of british war. So the effort was not in the hands of the generals. Money is power, if store money in bank it's mean that we let them to control the big power.

[UchihaRukawa]

My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

This is the first time that I've heard an incident like this, we've been using banks for quite a long time now and nothing like this ever happened, actually banks are great help to us. Maybe they saw some discrepancies in your account that gave them the idea that there might be something suspicious about your account.

[mrcash02]

this is why some people would rather keep their money than to store it in banks.

Well they are also facing risk their specially when accident appears on your house. I'd rather put my money on a bank that to keep it personally, well atleast my money are safe there, and I can get it anytime I want. I only not use my banks as my investments basically you can't make money with that but for the purpose of liquidity, I will go for the banks.

Yes ... banks are not bad, they give convenience with various products, such as ATMs and credit cards.
I am very helpful with the Bank, indirectly.
just to borrow money in Bank I will think about it, I do not like the better interest I save.

Depending the bank it can be good. Nowadays we must be careful when choosing a bank to use. As Bitcoin users I think we should find a bank that is friendly to Crypto-Currencies, because I know some banks that have already created problems for Crypto-Currency enthusiasts that used their services to move money from/to Bitcoins. Anyway the bank's politics always give more power to themselves...

[Maslate]

That's a fact, but if I held my money it'll prolly be all spent in a day. lol

For me why we should never trust banks? I dont agree with that,  banks is not doing wrong with us, banks is good for us because many people are saving there money in banks, and banks is helping people to keep safe and protect there money so we should trust banks because there are many good benefits banks can give to us.

Banks are transparent because they follow the law or the banking rules, but to determine how transparent they are, we cannot do that because they are in control. When we use our service like entrusting our money through deposits, we are covered with insurance and as long as we are aware of the maximum insurance, our money will always be safe.