FrueGreads
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Activity: 1582
Merit: 1059
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September 25, 2017, 04:09:01 PM |
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Well it's hard to answer and although I'm more inclined to bitcoin, I still can't imagine a life without banks. They do provide access to credit, which is quite important for most people, in order for them to be able to buy a house or a car. The problem is that banks already have failed the population in the past, and there were many scandals all around the world involving investments in banks, and a lot of people ended up losing their savings. On top of that, banks have way to much control because they are centralized, and that is never a good thing. Finally we pay way to much fees, because there aren't any real alternatives out there.
Bitcoins offer great possibilities, but I really think they must be regulated, because when we get scammed by a bank, we can go to courts, but right now, if we get scammed using bitcoins, it will be very hard to get our money back. I think I prefer bitcoin, but a lot of things need to evolve first. Of course is good to see banks getting afraid, they are finally getting some very powerful competition, and that is good for everyone.
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Btcvilla
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September 25, 2017, 04:14:45 PM |
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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  however both are needed nowadays instead. whatever your reason, but still you have a local bank account. I tend to use both, because I need both. |
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Restmand
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October 25, 2017, 02:48:11 PM
Last edit: October 26, 2017, 01:05:14 AM by Restmand |
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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 Its not that i do not trust Bank over Bitcoin i still trust both maybe much more only on Bitcoin because it does not have hidden deduction and Bitcoin also increases the value or price more rapid than banks . But banks also has advantages and benefits that Bitcoin does not have. So lets compare that both of them they are both good in terms of their benefits to consumers and investors. |
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jer
Jr. Member
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Activity: 56
Merit: 10
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October 28, 2017, 03:06:54 PM |
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Because bitcoin brings revenue, and the further, the more. I have a very low confidence in the bank, because it's much easier to lose money there.
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khaled0111
Legendary
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Activity: 2520
Merit: 2853
Top Crypto Casino
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October 28, 2017, 04:32:12 PM |
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With bitcoin you can make a good profit not like banks where the profit margin is limited. Having a bitcoin wallet is like having your own bank you can do whatever you want with your money thus you are the only one responsible for what will happen to that money.
To resume, if you know what you are doing then invest in Bitcoin otherwise you have to rely on the banking system.
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Harrisonimo
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October 28, 2017, 04:40:51 PM |
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For now, I will rate both as important and trusting both because they both play a role in the cash reaching my hand or getting to execute the task I need to do with money and earnings too. But I trust bitcoin more to store my money, I only make use of the bank when I need to use cash in the physical to buy things. I believe soon, the role of the banks will reduced and scrapped out when bitcoin is globally accepted.
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ipanks
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October 28, 2017, 07:30:45 PM |
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we can say that banks is sucks and other bad things but we still using the banks for our transaction in real life and we use bitcoin as new thing that could help us to make money in different ways. the banks have too many fee that maybe we don't like and maybe we are choose bitcoin as a new way to solve our problem and bitcoin have small fee than the banks. i think i trust bitcoin and the banks in the same time because we still need the banks to help us in our real life and we can use bitcoin to trying to earn money.
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No Checks, Czechs Welcome
Newbie
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Activity: 20
Merit: 0
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October 28, 2017, 07:43:52 PM |
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Because I control my Bitcoin where as banks control my fiat.
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StockBet.com
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October 28, 2017, 07:48:14 PM |
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It's not the banks that is the issue.
It's the ability of the government to print more of the money.
When the government prints more money, they are acting no differently than when a criminal counterfeits more money. Both of them are stealing wealth from you.
In actuality, the banks are easier to use. You don't need to create offline wallets and worry about hackers or malware.
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Sasuke102001
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October 28, 2017, 08:08:05 PM |
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It cannot be said that banks suck and bitcoin is doing a better work. Both are doing their work well at their places. Bitcoin provides more opportunities and profit and transactions are faster, encrypted which makes many people think bitcoin is better than bank and banks suck. Now banks provide different types of loans and many other facilities too so they still will have a good influence over the public. So both provide facilities which the other can't so both are doing good in their places.
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wahyu5
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November 15, 2017, 06:25:36 PM |
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I think that distinguish between bitcoin and bank is bitcoin registration process is much easier than bank, bitcoin transaction process can be done anytime and anywhere even around the world while the bank is not so, besides bitcoin also provide greater benefits than banks, that's the reason I trust and like bitcoin more than banks
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HiringYou
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November 15, 2017, 07:13:47 PM |
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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.
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Feuerbach
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November 15, 2017, 07:14:45 PM |
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I think that it is not correct to compare bitcoin and commercial or state bank. You can oppose bitcoin to traditional money, not to banks. Banks, in addition to remittances, perform many more functions that bitcoin can not perform.
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BossMacko
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November 15, 2017, 07:20:27 PM |
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I already had a bad experience in using Banks so i think that is the reason why i trust Bitcoin over banks. Bank sent me a credit card that i did not avail, after a year i have to pay for the annual fee of that card though i didn't even use it even once. So i prefer saving using Bitcoin instead of those banks, saving in Bitcoin can also profit in a long term if the value of Bitcoin grow then your Bitcoin savings grow also.
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rurubot
Member
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Activity: 171
Merit: 10
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December 02, 2017, 06:04:21 AM |
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Bank has a lot of charges. For every transactions you will do with them, expect that it is not for free. And their interest rate are burdensome too. But they take all the responsibilities whenever there is a conflict with your account.
About bitcoin, yes you can do a lot of transactions with bitcoin and your personal information is safe. It is decentralized. But its price value is unpredictable. And too make the long discussion short, i prefer both, but my vote goes to bank.
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reck1ess
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Activity: 350
Merit: 30
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December 02, 2017, 06:10:39 AM |
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Bank have many hidden charges and is centralize. While bitcoin is decentralized, and is a digital currency. Also it has bigger highs and falls but it became a positive to every user instead of being a negative part because it enable users to do trading.
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TonyMark
Member
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Activity: 135
Merit: 11
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December 02, 2017, 06:19:34 AM |
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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.
As for the freedom to the people, you can buy drugs, weapons and nuclear bombs and the government wont even know that it is you and boom another blast in the London. For little greed and money we bitcoiners are compromising the securities of the world. |
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Godric-Gryffindor
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Activity: 319
Merit: 11
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December 02, 2017, 06:30:25 AM |
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Its true, but we also have no choice but to deal with this bank's policy, they have the power to control it because we give them the power to control it, banking institutions play a big role in nations economy without these regulations nations monetary will collapse,
But the reason why people chose bitcoin because of its transparency and no one will disallow you to receive or to use it.
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Cyberczar
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Activity: 368
Merit: 100
Crypto and blockchain writing service
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December 02, 2017, 06:33:55 AM |
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Everyone that knows and understand bitcoin should trust it over banks for the following reasons. These are the reasons I prefer bitcoin to banks;
1. No hidden charges: Unlike banks who sometimes make arbitrary deductions to your balance, such as SMS charges statements, COT and all such to the point that we all get used to the deductions, Bitcoin never does that. Rather the value of your coin appreciates with trend or reduces with trend. The only payments or deductions is when you make transfers
2. With Bitcoin you are in charge: You are practically in control of your money with bitcoin. You are the one holding it and managing it and not a third party such as bank when you have your bitcoin in the blocchain network. The only time you add a third party is when you use the exchanges.
3. Value Appreciation: The banks may give you a fixed interest rate that add a fraction to your principal but Bitcoin would multiply your coins many times over years.
4. Keeping money with the bank doesn't really benefit me in any way as per growth. Seems the banks are the only beneficiaries with banking unlike Bitcoin which benefits holders, miners, exchanges and traders.
Though keeping or storing bitcoin is not without its risks, I sure prefer it to leaving my money with any bank
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posoa
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Activity: 154
Merit: 10
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December 02, 2017, 06:40:07 AM |
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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 I trust bitcoin over banks and love bitcoin more and more because banks are out to benefit from the savings of customers and return little interest to the customers. There are a lot of bank charges that customers must pay to the bank for an account to be properly maintain by the bank. The Bitcoin is maintain by individuals, with no charges and the gain in Bitcoin is not comparable to the interest the bank tends to add. Bitcoin appreciate in a way that the bank can never attempt to engage in. I will continue to Love Bitcoin more and more because it is very beneficial with a great tendency to change one life for good |
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