Why do you trust bitcoin over banks and love bitcoins, more and more?

[Heartilly]

Banks provides us with many facilities which Bitcoin does not provides such as saving accounts ,salary accounts ,home loans ,educational loans,debit and credit cards etc but their are some ways in which Banks are overshadowed by Bitcoin. Now days investing in Bitcoin has became more profitable than investing in Banks because Bitcoin price is rising at a very fast rate due to which we get huge profits in a short period of time . Bitcoin is decentralized in nature due to which government has no control over it so we need not to pay any tax on our transactions.Moreover we can keep an eye on our money and no other person can access it or steal it .But, according to me  it is just a matter of choice that depending on situation which one is more advantageous.

I certainly agree with this. Banks and bitcoin are totally different from each other. They have different features, processes, etc. that are beneficial to us. It is not needed for the time being to let bitcoin and cryptocurrency to become the only money we will have. Since until now, we have to admit that we still think about the uncertainties of bitcoin in the future, we still need to have our finances to be managed by the bank.

[1715313902]

1715313902

[1715313902]

1715313902

[1715313902]

1715313902

[Laurayaki]

personally I do not ask, I do not particularly like bitcoin, but it brings money because everyone believes, and when the wind will turn I would sell without regret.

[South Park]

For me, I think the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.

Share with us what you think? thanks

But that is the whole point, when you put your money in a bank you need to trust that the bank is going to give you back your money at some point in the future, in bitcoin you do not have to trust anyone you are your own bank, that is the main difference between banks and bitcoin.

[GoodLuck2]

For me, I think the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.

Share with us what you think? thanks

But that is the whole point, when you put your money in a bank you need to trust that the bank is going to give you back your money at some point in the future, in bitcoin you do not have to trust anyone you are your own bank, that is the main difference between banks and bitcoin.

I respect your point of view but don’t you think we have to earn more money, there are basically two different factors and people are likely to choose one of these options at a time. Like, if you are interested to earn more from your money then bitcoins are best than anything but this is not the case when your intensions are slightly oriented for security and trustworthiness, so it really depends.

[nagatraju]

For me, I think the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.

Share with us what you think? thanks

But that is the whole point, when you put your money in a bank you need to trust that the bank is going to give you back your money at some point in the future, in bitcoin you do not have to trust anyone you are your own bank, that is the main difference between banks and bitcoin.

I respect your point of view but don’t you think we have to earn more money, there are basically two different factors and people are likely to choose one of these options at a time. Like, if you are interested to earn more from your money then bitcoins are best than anything but this is not the case when your intensions are slightly oriented for security and trustworthiness, so it really depends.

I agree...no matter how much I earn with bitcoin, I'm not sure of the safety and it kills me...in this case I trust the bank...though you can say that the bank can go bankrupt too, but it even has the experience of work...but I don't)

[lacusfish]

Every type of currency we have has its own advantage and disadvantages. You should trust the type of currency that fits your needs in life. If you feel that cryptocurrencies are just a bubble then by all means only use paper money.

[creditjackstay]

With bitcoins and transactions you don’t have to deal with banks. Btc offers you a more secure way to buy things online with no middlemen to worry.

[lunaalthea]

I trust both of them actually. I love bitcoin because it lets me have a good investment opportunities and earn much more money. But I still trust banks because well let us face that btc is volatile and might decrease value in due time. It is important to have a more financial security

[Sevarchik]

Main reason of BTC popularity is very fast increasing price.
If price not rise so fast btc would still be used in narrow circles

[semobo]

Bitcoin transaction are secured than bank transaction and we have the full control in crypto currency but in bank there are just act as third party between the sender and reciever.
But make savings in banks are totally worthless they won't give any earnings for us but we have to pay taxes annually.But in bitcoin to bitcoin transaction no extra tax just only the fee.

[melted349]

Bitcoin transaction are secured than bank transaction and we have the full control in crypto currency but in bank there are just act as third party between the sender and reciever.
But make savings in banks are totally worthless they won't give any earnings for us but we have to pay taxes annually.But in bitcoin to bitcoin transaction no extra tax just only the fee.

and also on the way on how does we can make profit this is where we are able to take the opportunity of having this kind of currency for as we can go through and take a lot of things here. so bitcoin are pretty much better compare with banks the way on how the interest of it.

[Diecaut]

my main reason is many doc and need to go to bank and start new account "in my country you can’t start new bank account from your home".
also i can send for every one without need to exchange my money or using dollar.

[genology]

For me, I trust them both. Banks and Bitcoins have different purposes for me. I use Bitcoins as investments and I use banks to secure my savings.