You should never trust banks

[mornabo]

I already and bypass all banks, because my wife has accumulated loans and gave me away. I'm shocked and what to do I do not know. We ourselves are to blame in many ways and always see the banks.

Yeah there is different between bank and bitcoin is just bank can affect you in a different ways. Where bitcoin can give you more benefits as compare to banks. If you got that much loan and looking toward bank and realize that it was a huge mistake then right it was a huge mistake in your life. If you ever invested that loan in bitcoin you might have 10x more than that loan in your pocket.

Borrowing money in the bank like suicide I think. Because sometimes they give you enormous interest (better borrow money in bitcoin) and when you're late paying you'll be charged a considerable fine too. But that is from the side of borrowing money that I do not like from the bank

[stompix]

I already and bypass all banks, because my wife has accumulated loans and gave me away. I'm shocked and what to do I do not know. We ourselves are to blame in many ways and always see the banks.

Yeah there is different between bank and bitcoin is just bank can affect you in a different ways. Where bitcoin can give you more benefits as compare to banks. If you got that much loan and looking toward bank and realize that it was a huge mistake then right it was a huge mistake in your life. If you ever invested that loan in bitcoin you might have 10x more than that loan in your pocket.

Borrowing money in the bank like suicide I think. Because sometimes they give you enormous interest (better borrow money in bitcoin) and when you're late paying you'll be charged a considerable fine too. But that is from the side of borrowing money that I do not like from the bank

Borrow money in bitcoin?
Are you insane?

Let's assume I have borrowed in 2012 10000BTC to buy an apartment worth 50k euros.
I would have right now to pay back 20 millions euros.

And by the way I pay 3.4% annual interest on the flat I purchased 2 years ago with a bank loan.
And I have each 3 years right to a window of 90 days late payments without penalties.

Show me how to obtain a better loan without banks.

[PanGiMoon]

I already and bypass all banks, because my wife has accumulated loans and gave me away. I'm shocked and what to do I do not know. We ourselves are to blame in many ways and always see the banks.

Yeah there is different between bank and bitcoin is just bank can affect you in a different ways. Where bitcoin can give you more benefits as compare to banks. If you got that much loan and looking toward bank and realize that it was a huge mistake then right it was a huge mistake in your life. If you ever invested that loan in bitcoin you might have 10x more than that loan in your pocket.

Borrowing money in the bank like suicide I think. Because sometimes they give you enormous interest (better borrow money in bitcoin) and when you're late paying you'll be charged a considerable fine too. But that is from the side of borrowing money that I do not like from the bank

Borrow money in bitcoin?
Are you insane?

Let's assume I have borrowed in 2012 10000BTC to buy an apartment worth 50k euros.
I would have right now to pay back 20 millions euros.

And by the way I pay 3.4% annual interest on the flat I purchased 2 years ago with a bank loan.
And I have each 3 years right to a window of 90 days late payments without penalties.

Show me how to obtain a better loan without banks.

If you already take or give credit The reality is better to do this in reality in currency that is feat. It seems to me that inventing a fable with the help of Bitcoin or another crypto currency, this is a very ungrateful business. The fact is that then you will not wait to be given to you. The above mentioned examples speak very colorfully about problems in this area.

[streazight]

crypto exchanges are even worse though

Why it is a worse? Kindly I would suggest you explain the things here that people can get easily. So first of all I will tell you that. Crypto exchanges are why hard and worse for people just because high fees on that. But bitcoin is improving that side that's why they are working on SegWit2x services that they will provide you fast transaction and less fees.

[stompix]

crypto exchanges are even worse though

Why it is a worse? Kindly I would suggest you explain the things here that people can get easily. So first of all I will tell you that. Crypto exchanges are why hard and worse for people just because high fees on that. But bitcoin is improving that side that's why they are working on SegWit2x services that they will provide you fast transaction and less fees.

Crypto exchanges are worse because:
They get hacked.
They get "hacked" by their owners.
They evaporate with all your funds.
You have no guarantee for your deposits by a third party.
They change fees that rival banks.
They manipulate and halt trading when they desire.

[Granxis]

I hate banks but I have to use it, I want to study at university so much, this week I think about use bank credit, I have to use it for college education, nobody gives support. What a pity

[grermezter]

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!

I haven't been to my bank for almost a year and a half now, and from the notifications that i am receiving, it seems i am owing them a lot of money, They have a lot of ridiculous charges on a monthly basis and they charge as much as $5 every month but i am not planning to pay at all, They will close the account once they figure out i have no intention of paying a dime of it.

[Beerwizzard]

Not so long ago my bank sent a report to the rax service with wrong currency code (due to that report i had to be a billionaire). After that for some reason I was the person that had to fix everything and prove my innocence a billion of times. Since that time i clearly understood that banks are the part of a huge system in which everyone can make a mistake and the first one who will suffer is you. Unfortunately it is hard to evade such issues.

[NeilLostBitCoin]

In our country several banks are now being hacked but they are just saying it is just a glitch to make people stop from panic. on first only just 1 bank but then 2 or more banks are now being having that so called "glitch". I would say that the safest storage of wealth for now is on bitcoin or stock like gold.

[Pfizer]

crypto exchanges are even worse though

Why it is a worse? Kindly I would suggest you explain the things here that people can get easily. So first of all I will tell you that. Crypto exchanges are why hard and worse for people just because high fees on that. But bitcoin is improving that side that's why they are working on SegWit2x services that they will provide you fast transaction and less fees.

Crypto exchanges are worse because:
They get hacked.
They get "hacked" by their owners.
They evaporate with all your funds.
You have no guarantee for your deposits by a third party.
They change fees that rival banks.
They manipulate and halt trading when they desire.

I personally don't like conventional banking system, they exploit us very much but what you said is true. Crypto exchanges are even worse than conventional banks. Our assets are all under danger.

[Lancusters]

I don't trust any of the banks. So for me bitcoin is a way to earn and keep my money far away from them. When you say that are afraid to store bitcoins online then you can choose cash or gold, but it will not protect you from thieves.

[hdclover]

I trust a big brand bank that guaranteed by goverment, even the bank is bankrupt the goverment will pay their guarantee.

[kpcian]

all banks and monetary institutions are not the same, but some are facing a huge deficit problem, so there are a lot of banks whose are being called bankrupt. so, day by day banks are becoming more vulnerable than ever. in my country government approved banks are performing worst, so people of my country are losing trust over those these banks.

[carlerha]

Yes i should trust bank because if i have a money in my pocket i will  deposit it in to the bank because i have a trust .If i have collect money in to the bitcoin i will deposit it to  my trusting bank.

that is right that there is no reason not to trust on banks banks are present for a long time and they are mostly work under government supervision therefore i do not think they can take our money. even they are also insured and if there is something happen still your money will be safe there.

[dejavvu]

I think after politicians, banks take the 2nd place for being the most corrupt. They come to you with those juicy credit card or loan deals and when you become a customer, it is all down hill from there. Unfortunately our current financial system is designed so perfectly for them that we can't do much but keep using them. Even Bitcoin can't really solve that problem(yet?) because we are still dealing with a bank to withdraw/deposit. And I'm sure you if your transacting high amounts, you are in their or the government's watchlist.

[Adbitco]

Although it is very bad OP that your bank closed your account for no reason as you mentioned it yourself but this is not something which happens quite often and to everyone. I don't know where you are from but wherever it is you are from there must be some sort of laws, rules and regulations to be followed by the banks. Here where I live there are appealeate authorities who come to rescue you in situations like the one you went through. Anyway, I think bitcoin gives us an option to be our own bank but unfortunately it's not as popular and doesn't have as much presence everywhere in the world as banks have so currently we can't live without banks but I hope soon we will.

[Bitmedrano040117]

I hate bank ever since, It is because banks are so ridiculous. And for the sake of other's belief and idea about it,
all bank are involved in regulated industry or centralized system while was vice-versa of all banks.

[mornabo]

I hate bank ever since, It is because banks are so ridiculous. And for the sake of other's belief and idea about it,
all bank are involved in regulated industry or centralized system while was vice-versa of all banks.

The bank system is very disgusting and irritating me because they almost make my father bankrut by giving the loan interest that goes up every month and I do not want his store confiscated because of the bank. I do not really like the bank, but I still depend on the bank? What do you think?

[xYakult]

Love them or hate them, still, banks will always be there. They are the foundation of any financial institutions. I'm not saying that I'm pro or anti banks. It's just that we just need to learn and accept that banks will stand the test of time and not everybody are financial literate like us. Some people in this world are very conservative and their only outlet when it comes to handling their finances are banks. So we are very lucky that we have wider perspective and wider knowledge when it comes to our finances especially in investing - and hence, the power of bitcoin.

[Sadlife]

That's strange closing an account without any further information or reason why have they done that although i agree with you to not trust banks and i have never put money into any banks. You might have violated some of their rules and regulations or they've terminated your account because their in the verge of being bankrupt so they've steal people's money and told it's members that is terminated the reason maybe cause by the recent data breach that stole millions of cash from banks. That is why i dont trust my money to any of this banks that's centralized and many hidden fees that will losr your money.