You should never trust banks

[1Referee]

Bottom line is that no one should believe banks, that is corporation and they don`t care for little man, all they think about is profit and more profit, and if you are rich they will be nice if you are poor you will not be able to enter the bank.

Even wealthy individuals aren't totally safe. There are enough examples of how banksters notify the government of a certain country, that you have millions in potentially black savings stored there. It's a disgusting practice. Obviously, it's done to cash in rewards from the government in question. I am not a wealthy individual myself, but I am happy that Bitcoin allows me to store a good portion of my wealth outside the poisonous banking and governmental system. Thieves they are!

[Distinctin]

that's true banks are already up with their huge empire which is spread over whole world. its still surprises me that many people still now didn't realized about it they where just helping those evil banks with their all properties and those loans. People nowadays can stand against us if they found that we hate banks. Its not that we hate banks in true sense we just love this new monetary system which gives us freedom to do anything

With that reality, we have to trust them because they will not last if they are not trustworthy.
I have different bank accounts in different banks and once in my life I never experience any inconvenience when it comes to accessing my money.

[geegaw]

that's true banks are already up with their huge empire which is spread over whole world. its still surprises me that many people still now didn't realized about it they where just helping those evil banks with their all properties and those loans. People nowadays can stand against us if they found that we hate banks. Its not that we hate banks in true sense we just love this new monetary system which gives us freedom to do anything

With that reality, we have to trust them because they will not last if they are not trustworthy.
I have different bank accounts in different banks and once in my life I never experience any inconvenience when it comes to accessing my money.

I do not think so, banks in my country are not reliable, every year I hear the loss of money from the bank, some people say they can not withdraw money and their money suddenly disappear,...I never trust the bank, I still feel I keep my money and invest my money is safer, we can not trust anyone except ourselves. Banks keep our money, they will do with it, nobody knows that, except them, if they disappear, who will pay us? You can send some money to the bank but you should not put all the money in it, it's a slow boom and you will not know when it's going to explode.

[mindrust]

Banks do choose customers and they want them to be as dumb as possible.

I had a bank account few years ago for my business and i was keeping only a few or any bucks inside but i was benefiting from all the campaigns/promotions of this bank. I had their credit card but used only for promotions and nothing else. Didn't borrow a cent from them.

It went like this for a while and i was actually making money out of this bank instead of they make money from me   One day i had to visit the bank and they kindly offered me some shit deals or otherwise they said they'll have to close my account.   I said, suit yourself.

[batang_bitcoin]

That is true. If the banks also deal with bitcoin, that is even better.

That is the start of the  new promising economic crypto era. But right now, I still believe and trust with the banking service, banks are different from each other. But with those banks that has stain with their security I will not going to trust them because my friend was robbed by $1,100 by someone away that signifies that banks security is weak.

[stompix]

that's true banks are already up with their huge empire which is spread over whole world. its still surprises me that many people still now didn't realized about it they where just helping those evil banks with their all properties and those loans. People nowadays can stand against us if they found that we hate banks. Its not that we hate banks in true sense we just love this new monetary system which gives us freedom to do anything

And yet more than 90% of all bitcoin purchases are made by using banking services.
Kind of funny right?

Would bitcoin survive in it's current state without banks? I doubt it.
Just take a look at the price tanking when an exchange has problem with its bank accounts or deposits/withdraws.

Take a look in the other threads where people are cheering a bitcoin bank.
And they have cheered a lot in the past for a few so called "bitcoin banks" and we know how a few of them went... missing.

[Rinder]

Well in the past i thinked banks were the most safe place to store my money over the years, something i realized is i were wrong, i saw some hacker that had stealed 0,01 local currencie and were able to collect milions doing those, he had been catched because he kept those even with his free milion, soo he had been a greedy person. On the last 6 years i saw Europe facing financial problems, and one bank did bought the other, and well several people lost their savings because they werent able to withdraw it, and i believe bank has limited those, soo people with big ammount losted those money, even when the new bank said the money would be safe with them, i dont know what happened to that people but pretty sure my trust over banks is currently - 99%.

[bitbunnny]

It's very sad that so many people these days have very bad experiences with banks and that banks caused so many financial crises all around the world. At first I also thought banks are the best place to borrow money and get some financial services.
Soon I realised that isn't so but let's be honest, bank is not social service and they are not here to help us but to make profit.

[SamMurphy]

Since the global crisis started, I have been removed all my money from my bank and I use it only if I want to buy something online. I never trusted banks, so why should I do it now :/ And since I started use btc, I have learned many scary things about cash, banks etc. Be careful guys!

[shulio]

Since the global crisis started, I have been removed all my money from my bank and I use it only if I want to buy something online. I never trusted banks, so why should I do it now :/ And since I started use btc, I have learned many scary things about cash, banks etc. Be careful guys!

Atleast choose either it is bank or bitcoin. You cant hide your money forever under your bed. There will always be many scary things about bank. Apparantly they are like robber that keep your money and loan it to some other people for free interest. Choose bitcoin and be done with this, keep everything in bitcoin

[ufaiz50]

Since the global crisis started, I have been removed all my money from my bank and I use it only if I want to buy something online. I never trusted banks, so why should I do it now :/ And since I started use btc, I have learned many scary things about cash, banks etc. Be careful guys!

Atleast choose either it is bank or bitcoin. You cant hide your money forever under your bed. There will always be many scary things about bank. Apparantly they are like robber that keep your money and loan it to some other people for free interest. Choose bitcoin and be done with this, keep everything in bitcoin

it's true the bank of robbers like you say and also they take our money in storage fee. unfortunately we still need a bank to facilitate every transaction because bitcoin is not much known and not a legal currency in the eyes of the government.

[wicaksono]

Hmmm I still do not understand why the bank closed your account, you did not mention anything why the reason the bank closed your account.
I think the bank may not close your account without a valid reason, you may be doing something illegally in your bank account.

[Vaskiy]

Since the global crisis started, I have been removed all my money from my bank and I use it only if I want to buy something online. I never trusted banks, so why should I do it now :/ And since I started use btc, I have learned many scary things about cash, banks etc. Be careful guys!

Atleast choose either it is bank or bitcoin. You cant hide your money forever under your bed. There will always be many scary things about bank. Apparantly they are like robber that keep your money and loan it to some other people for free interest. Choose bitcoin and be done with this, keep everything in bitcoin

it's true the bank of robbers like you say and also they take our money in storage fee. unfortunately we still need a bank to facilitate every transaction because bitcoin is not much known and not a legal currency in the eyes of the government.

That's true, to facilitate all our basic needs we need a bank. Now several applications and services supporting transaction has been there but to work those a bank account is a must. Without that you cannot make a single transaction. So in one or the other way everything is interconnected to banks. Also bitcoin haven't gone that popular to take the place of banks.

[Sled]

If we never trust banks then there will no proper circulation of money in our world and the economy will be on chaotic situation and it will be a huge effect on different markets like stocks and forex market and also in bitcoin or altcoin market and that will be a big loss for the main markets in our world so i think trusting banks is a must so the money circulation will be well maintained.

[lordquanta]

There is Another thread from the forum which discuss the darkside of banking system in detail and with more relevant information.

https://bitcointalk.org/index.php?topic=1853815.0

Sad but true, banks have again gained more power than needed.

[kpcian]

This is very unfortunate incident with you, why that institution did this ugly task without any notice or warning.?.I don't even know why we people suffer now and again that type of happening. It's really hurtful, beacuse when our valuable currency being forbidden then we people feel extremely sad. No one can imagine that feeling without faceing that type of ugly incident.

[axorb]

Whatever happens worst with you with banks there are many people who will always have faith in banks and will continue to use them as they feel that their money is safe in banks but they forget the fact that banks are making profits from their money.

[grizman]

Whatever happens worst with you with banks there are many people who will always have faith in banks and will continue to use them as they feel that their money is safe in banks but they forget the fact that banks are making profits from their money.

A lot of people trust banks. Some constantly take loans and are happy. They agree to pay high interest.
I keep my Fiat in the bank, because I also trust this system

[Silberman]

Trusting anyone with your money is a bad idea, when you put your money in a bank you must never trust that it will be there you need to always be careful about what you do since banks can easily confiscate your money by just making a few clicks on a screen.

[Maslate]

Trusting anyone with your money is a bad idea, when you put your money in a bank you must never trust that it will be there you need to always be careful about what you do since banks can easily confiscate your money by just making a few clicks on a screen.

banks will only do that if you are doing an illegal transaction, if not, there is nothing to worry as all banks
are govern with the law of the state and if they violate you can already file a complaint against them.