You should never trust banks

[romero121]

Of course we shouldn't yet many people still turst them

More than half the world's population to serve the banking system of all countries. Probably, this dependence will not be lost than ever.

Lol why should not trust the bank? true almost everyone on earth depends and use the bank. with the bank we get the ease of transaction-distance and other advantages?

Talking frankly people will put their trust to banks rather than with bitcoin. As we know banks are already operating for so many years and helping people with their services such as with loans, savings and other things that can help an individual for investment. There is no reason that we shouldn't trust banks, they are even reputable for they are supported by the government.

That's self explanatory, bitcoin is still young and we are still in the adoption phase. Fiat on the other hand is leading in the world as a legitimate currency for any transaction. Non trusting the bank is like not trusting the fiat system, if one can live without fiat then I can simply say that he does not trust banks, but the question is, is it possible not to use fiat to have a comfortable life?

Bitcoin is young but the growth it has achieved is very high compared to any stock market other commodity. This clearly described that bitcoin is making revolution in the economic and banking system. Now upon the potential of bitcoin, banks have started to adopt the technology of bitcoin to be in the mainstream. So banks will be trusted by users even if bitcoin gets acceptance similar to banks.

[millgates]

Of course we shouldn't yet many people still turst them

More than half the world's population to serve the banking system of all countries. Probably, this dependence will not be lost than ever.

Although almost people in the world likes bank system, but I do not. I saw so many people who borrow money from bank is really have bad life. The bank interest make them hard to pay their debt. Banking system only make some people to monopolize our money.

[Ilikechineseefood]

I must say that I still trust them and that I do not worry about them too, I have my savings on it and I also need them sometimes what is in my eyes logical for a lot of people.

[Text]

I do trust banks because they are now working together with bitcoins. With the help of a bank I can have my coins converted to fiat money on my hand. So there is no reasons to not trust them. They are providing us the services we needed it just like a give and take process; most of here will agree to me.

[Dapallo]

I will stay trusting banks no matter what because banks are without any doubts for ourselves all over the world.

[Wandering Soul~]

I do trust banks because they are now working together with bitcoins. With the help of a bank I can have my coins converted to fiat money on my hand. So there is no reasons to not trust them. They are providing us the services we needed it just like a give and take process; most of here will agree to me.

I am not familiar of the banks in your country but unfortunately banks in my country doesn't do that . And If they do I am hesitating if I will use it cause probably there will be another additional fee and you must comply with their rules so the anonymous thing in bitcoin is called off .

But I am agreeing that despite all that banks are trustable and still will be cause they won't include something in their rules for no reason right?

[dunfida]

I will stay trusting banks no matter what because banks are without any doubts for ourselves all over the world.

You have a point since banks are the major storage of all of our money and most people on the world use its service but seeing on the situation of the op i could say that he might broke some ruless on the said bank because they locked his account which means theres a reason behind it,if you think theres nothing then you can complain anytime without fear as long you know you didnt done wrong.

[AleSergio]

I guess that the bank idea at the start, was the same as bitcoin. They were also giving not real money(not silver coins or gold, which were quiet heavy) they were giving just papers, to make life easier and to make more profit. The same thing is doing bitcoin, but in a little bit modern way. Its just that the banks are not so profitable way of keeping your money anymore and cryptocurrencies are taking their place, but i think that you can still trust banks =)

[LAMarcellus]

You should never trust bitcointalk forum posts.

Most posts are from ESL users who by all accounts appears to have slept through their english class, and will say anything and nothing at the same time to fill this forum with their ad spam.

Such horrible engrish in this post.

OP is a liar.

[Doamader]

Banks are used to protect our money they provide a good service and do let our money grow, but well their fees are too high for the services they provide. If i could i would put all my money into bitcoin and use it as need, but bitcoin its online soo without internet it will fail, and sometimes my provider just get off for a long period, banks atleast has atm to cashout.

[deppil]

Banks are used to protect our money they provide a good service and do let our money grow, but well their fees are too high for the services they provide. If i could i would put all my money into bitcoin and use it as need, but bitcoin its online soo without internet it will fail, and sometimes my provider just get off for a long period, banks atleast has atm to cashout.

why should not trust the bank? while the bank provides convenience to save money, grow, sending money from one place to another very much, and most importantly of all users still rely on banks?

[Wowcoin]

Banks are used to protect our money they provide a good service and do let our money grow, but well their fees are too high for the services they provide. If i could i would put all my money into bitcoin and use it as need, but bitcoin its online soo without internet it will fail, and sometimes my provider just get off for a long period, banks atleast has atm to cashout.

There is no reason for us to don't trust banks, they provide more security to peoples money who did savings to them with respective accounts. Maybe there were bank with low reputations that wouldn't trusted but most of all I entrusted my btc cash-out right now in a recommended bank of my online wallet and so far fast transactions is really their priority, and no problems encountered.

[Japinat]

Banks are used to protect our money they provide a good service and do let our money grow, but well their fees are too high for the services they provide. If i could i would put all my money into bitcoin and use it as need, but bitcoin its online soo without internet it will fail, and sometimes my provider just get off for a long period, banks atleast has atm to cashout.

There is no reason for us to don't trust banks, they provide more security to peoples money who did savings to them with respective accounts. Maybe there were bank with low reputations that wouldn't trusted but most of all I entrusted my btc cash-out right now in a recommended bank of my online wallet and so far fast transactions is really their priority, and no problems encountered.

Banks with low reputation does not exist, they cannot last in the business if without the trust of the people. When people trust banks, they put their money and bank use it to earn from it of whatever venture they want for our money. The good thing is that as depositor, we are ensured that our money will not be lost in our account as they are covered with insurance.

[vantyzz]

I also think that the money banks have to protect more than other financial institutions. I trust the banks, but very carefully read the contract with the bank

[Barnabe]

The problem with banks is that they have all kinds of "obscure" investments and they are massively leveraged. So when things go south, money goes "poof" and nobody is able to tell why.

[Qunenin]

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!

Big thumbs up with not use credit card and bank service, because bank offers too much for you to give in with their offers that makes you poor in the time comes having too much debts to them, interest will come more bigger.
And yes for planning your expenses for the whole year, month, week and a day this will also be big help on managing money on it, And making second income will help you more on saving.

[bravehearth0319]

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!

You just stated here what bank did you, but you never mention why they closed your account. all banks will never close their clients account if they will comply the rules properly. They don't say  nor even single words why they did it to you, sounds very questionable to me actually. But if that is true, its good to know you found Bitcoin as your alternative for you to save your investment once more.

[agamasrori]

I also think that the money banks have to protect more than other financial institutions. I trust the banks, but very carefully read the contract with the bank

So many banks are offering contract that adverse the customer. So I think you will be hard to find good contract from the bank because all they want is your money. Bank is not company which selling product but they only get profit from customer.

[zuyfg888]

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!

You just stated here what bank did you, but you never mention why they closed your account. all banks will never close their clients account if they will comply the rules properly. They don't say  nor even single words why they did it to you, sounds very questionable to me actually. But if that is true, its good to know you found Bitcoin as your alternative for you to save your investment once more.

We just need some trust on banks, we should not trust those banks who are not well known. We need to know what we are going to trusted with, or where we will going to invest with. Investing on bank should have a lot of thinking first, before investing, you must know what you are going to transact with.

[DarkIT]

Well, I just saw bank for storage fiat. because I think it is the safest place to store all the money you have. in addition, the bank also has complete responsibility for the money you save. but, I feel, I do it because I believe in the bank