Bitcoin Forum
November 17, 2017, 06:19:44 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 6 7 »  All
  Print  
Author Topic: BITCOIN FIRST BEFORE YOUR BANK  (Read 2729 times)
krunox123
Hero Member
*****
Offline Offline

Activity: 728


I don't bite.


View Profile WWW
October 30, 2017, 12:59:30 AM
 #21

One of many reasons why it isn't a good idea to invest all your assets into Bitcoin is because of its volatility. Also, I do agree with most of your reasons. But some countries banned cryptocurrencies altogether which might be a risk if you are caught. All in all, Bitcoin is still a good investment if you have a good extent of knowledge about it.

Life sucks.
A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1510942784
Hero Member
*
Offline Offline

Posts: 1510942784

View Profile Personal Message (Offline)

Ignore
1510942784
Reply with quote  #2

1510942784
Report to moderator
1510942784
Hero Member
*
Offline Offline

Posts: 1510942784

View Profile Personal Message (Offline)

Ignore
1510942784
Reply with quote  #2

1510942784
Report to moderator
1510942784
Hero Member
*
Offline Offline

Posts: 1510942784

View Profile Personal Message (Offline)

Ignore
1510942784
Reply with quote  #2

1510942784
Report to moderator
Nameless27
Sr. Member
****
Offline Offline

Activity: 266


BITDICE


View Profile
October 30, 2017, 04:07:46 AM
 #22

Bitcoin is more than important to me and to show that I keep avoiding using direct bank transactions if this requires fee. But that’s makes me into using a bank cash-out with zero fee. That way I feel like I’m using the banks the same way they’re using me before. They can’t have money on at the same time I can abuse to use they’re automatic teller machine over and over again.

This is my way is saying, “You can’t benefits from me but other way around”.

BitDice[]               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
[/center
Yuhee
Sr. Member
****
Offline Offline

Activity: 378


View Profile
October 30, 2017, 05:52:45 AM
 #23

Bitcoin is more than important to me and to show that I keep avoiding using direct bank transactions if this requires fee. But that’s makes me into using a bank cash-out with zero fee. That way I feel like I’m using the banks the same way they’re using me before. They can’t have money on at the same time I can abuse to use they’re automatic teller machine over and over again.

This is my way is saying, “You can’t benefits from me but other way around”.

I dont think it is even beneficial for a certain economy if they dont have transcation fees. What if big corporations would use bitcoin, then they will just have a free transaction and in some sense only businessmen would get rich and not the governments' economy. for me it is also good to have transaction fee not just for big transactions but also to at least maintain the richness of a certain government.

                                     
                                    ▄██
                                  ▄████
                                ▄██████
                              ▄████████
                            ▄██████████
                          ▄████████████
                        ▄██████████████
                      ▄████████████████
                    ▄██████████████████
                  ▄████████████████████
                ▄██████████████████████
▄███████████▀ ▄████████████████████████
██████████▀ ▄█████████████████████████▀
████████▀
██████▀
████▀
██▀


=
PARETO 

██
 █
██
 █
██
 █
  The first Peer to Peer Financial Content 
& Information Marketplace

██
 █
██
 █
██
 █
  Pre-Sale is now Live,
         with a 39% bonus!       

██
 █
██
 █
██
 █
              WHITEPAPER             
TELEGRAM ■■ FACEBOOK ■■ TWITTER ■■ LINKEDIN
     MEDIUM ■■ YOUTUBE ■■ GITHUB ■■ BOUNTY
Gotottack
Hero Member
*****
Offline Offline

Activity: 686


View Profile
October 30, 2017, 07:40:08 AM
 #24

I think there is no such thing as total security in Bitcoins, talking about being futuristic. Why? Because it exists with no legal back up and we never know when governments will altogether act on it and ban it all at the same time. If banks will come up with a mechanism to block all withdrawal transactions with the use of their ATMs, that will be a big problem for all Bitcoin users. All Bitcoins, then, become frozen. And what if one put all his hard earned money in Bitcoins and the latter gets frozen? That is the situation that is too difficult to deal with. This is one thing that banks have over Bitcoins for the former has sort of a guarantee to all those who invest on them.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
Nameless27
Sr. Member
****
Offline Offline

Activity: 266


BITDICE


View Profile
October 30, 2017, 07:45:22 AM
 #25

Bitcoin is more than important to me and to show that I keep avoiding using direct bank transactions if this requires fee. But that’s makes me into using a bank cash-out with zero fee. That way I feel like I’m using the banks the same way they’re using me before. They can’t have money on at the same time I can abuse to use they’re automatic teller machine over and over again.

This is my way is saying, “You can’t benefits from me but other way around”.

I dont think it is even beneficial for a certain economy if they dont have transcation fees. What if big corporations would use bitcoin, then they will just have a free transaction and in some sense only businessmen would get rich and not the governments' economy. for me it is also good to have transaction fee not just for big transactions but also to at least maintain the richness of a certain government.

Nope because they can’t. This transaction is limited only for 2000$ per month. Then it won’t be beneficial to a big corporation. Maybe I forget to put this details or have not a clue if it it is necessary at first. I’m no against the government having regulation with bitcoin, I’m even a supporter to it. This is not intended for the government but for the greedy banks officials in monopolising the financial institutions in each country.

BitDice[]               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
[/center
alfs75
Member
**
Offline Offline

Activity: 84


View Profile
October 30, 2017, 03:12:24 PM
 #26

Bitcoin is favoured compared with keeping money in the bank.
1. You have an asset that can grows (though it can also reduce its value due to its high volatility but this is a risk many people prefer to take).
2. Your future is in your hand, you can plan ahead and forecast.
3. Your transactions are self controlled with convenience and peace of mind.
4. You control your wealth and you are not subject to regulations that milk up your funds.
5. Bitcoin is a great asset during economic failures and hyper inflations in nations as we see currently happening in Zimbabwue, Venezuela,  and Argentina.
6. Bitcoin breaks the vicious cycle of poverty and helps you leverage to other opportunities such as investing in other crypto currencies.
The list is endless.......
What is your take?

My take is better investing in bitcoin  than investing all your asset in the bank,even sometimes  theres happening failure in times of trading in bitcoin, but that a part of business we take the risk,unless you can earn high profit not like in the bank you invest money,but in a one year you can earn  only 1% of your total investment .bitcoin is better  than the bank in terms of profit,value,and percentage.

xIIImaL
Legendary
*
Online Online

Activity: 1022



View Profile
October 30, 2017, 06:09:42 PM
 #27

One of many reasons why it isn't a good idea to invest all your assets into Bitcoin is because of its volatility. Also, I do agree with most of your reasons. But some countries banned cryptocurrencies altogether which might be a risk if you are caught. All in all, Bitcoin is still a good investment if you have a good extent of knowledge about it.

Those countries banned the ICO token sale buddy not the complete bitcoin community and its platform. Since the ICO is not a trusted source to invest all the time. We can say some of the trusted ICO goes good but mostly failure is case for many investors.
There are many countries started accepting bitcoin and making it as legal in this you consider China and Korea's ICO ban means it is completely waste of time. Adoption by bank will give good shows and stable value instead of the international shares.

                            ▄▄▄▄████
                        ███████████
                         ▀████████
         ▄██▄            ▄███████
       ▄██████▄        ▄██████▄
     ▄████▀▀████▄    ▄████▀▀████▄
   ▄████▀    ▀████▄▄████▀    ▀████▄
 ▄████▀        ▀██████▀        ▀████▄
▄████          ▄██████▄          ████▄
█████        ▄████▀▀████▄        █████
 █████▄    ▄████▀    ▀████▄    ▄█████
  ▀███████████▀        ▀███████████▀
    ██████▀▀            ▀▀██████▀
.PROPTHEREUM.
Rinsend
Sr. Member
****
Offline Offline

Activity: 266



View Profile
October 30, 2017, 10:58:32 PM
 #28

Bitcoin can be a powerful bank warehouse, because banks have decent interest rates and bitcoin can be a capital to store the wealth we collect without the slightest bit. Maybe the future of bitcoin will be the most powerful financial asset.
bitcoin is very different from banks,
if we save in the bank, sometimes bigger than interest,
but other with bitcoin,
bitcoin tends to give more profit,
because the price always doubled.
but I do not believe if bitcoin will replace the state bank.
because there are still many people who are afraid to keep their money in bitcoin

                 ▄██▄  ▄▄
                 ▀███▄ ▀█
                   ▀███▄
             ███  █▄ ███▄ ▄██
             ▀███▄ ▀  ███▄ ▀ ▄▄▄▄
               ▀███▄▄ ▄▀███▄ ▀███▄
            ▄██  ▀████▄▀ ▀███ ▀███▄
          ▄███▄▄█▄ ▀████▄█████ ██▀▀██▄
        ▄██████████  ▀██████▀▀█▀ ▄▄ ███▄
       ██████▀▀██████▄ ▀███▀▀▄ ▄███ ██ ██▄
     ▄██████▄▄████████▀  ▀██▄  ███▀ ██ ███▄
    ████████████████      ▀█▀ ███▀ ███ ████
  ▄████████████████        █ ███▀ █▄▄  ▄███
▄████████████████▀          ████▄█████ ███▀
████████████████▀            ▀▀█ ▀▀██████▀
██████████████▀             ▄█▄██ ▀█████▀
█████████▀▀▀                ██████▄▄▄███
▀████████                   ▀██████████▀
  ▀▀▀▀▀▀                      ▀███████▀


                     ▄          ▄███ ▄███                 ▄▄▄
  ▄▄▄              ▐██           ██▌  ██▌                ▀███▌
 ███▀              ▄██          ▐██▌ ▐██▌          ▄▄     ███
 ▄▄▄ ▄▄▄  ▄▄   ▄█████▌  ▄██▄██  ███  ███ ▄▄████▌  ███▄   ▐██▌▄██
▀██▌ ▀██████  ███▀███  ███████▐████████▌▐██████▌ ▐████▄  ███████
▐██▌ ▐██▀ ██ ███  ██▌ ███▀ ██▀ ▄██  ▐█▌▐██▀ ██▌  █▀ ███▄▐███▀██▌  ▄
███  ██▌ ██▌ ██▌ ▐██ ▐██▌ ▐██  ██▌  ██▌███  ██▌ ▄█ ▄ ███▐██ ▐██  ██
███▄███  ██▄▄██▄▄███▄███▄▄▄██▄███▌ ▐██▌▐██▄▄██▄██ █▄▄██▌██▌ ▐██▄██
 ▀█▀██▌  ▀███▀▀███▀██▀ ▀██▀▀▀████  ▐██  ▀███▀▀██  ▀███▀ ██   ▀██▀
█▀▀ ▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀ ▄▄█
295% GROWTH IN SALES
TOKENIZING INFLUENCERS GLOBALLY
|130 PEOPLE TEAM
70 MARKETS
300,000 INFLUENCERS
|█▀▀ ▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀ ▄▄█
ICO█▀▀ ▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀ ▄▄█
LuanX3
Hero Member
*****
Offline Offline

Activity: 616



View Profile
October 30, 2017, 11:26:13 PM
 #29

Bitcoin is favoured compared with keeping money in the bank.
1. You have an asset that can grows (though it can also reduce its value due to its high volatility but this is a risk many people prefer to take).
2. Your future is in your hand, you can plan ahead and forecast.
3. Your transactions are self controlled with convenience and peace of mind.
4. You control your wealth and you are not subject to regulations that milk up your funds.
5. Bitcoin is a great asset during economic failures and hyper inflations in nations as we see currently happening in Zimbabwue, Venezuela,  and Argentina.
6. Bitcoin breaks the vicious cycle of poverty and helps you leverage to other opportunities such as investing in other crypto currencies.
The list is endless.......
What is your take?

1. Yes you do, but there is also that big possibility that it will turn to nothing.
2. You cannot predict the volatility of bitcoins, so how do you plan and forecast?
3. Somewhat true, can't argue very much about the fundamentals of bitcoin transactions.
4. Yeah you do control it, but regulations do not discriminate and bitcoins are still within the reach of the law.
5. Well, if hyper inflation does happen then your bitcoins would likely be hard to trade in those countries.
6. Uhh, how did bitcoins eliminate poverty? How can the poor invest into crypto currencies if they do not even have money to buy BTC.

I guess the thing here is that bitcoins are not perfect like everything else, but it can help in some aspects. I am not against it, but I'm a critic. Do not get me wrong, I'll live and die by bitcoins, but it is something I want to change the notion of people about it. It is not just an investment tool nor something to escape your government. The true intention of it is a global medium of payments. Something that would transcend the bounds of current fiat currencies.

FORTUNEJACK.COM[
                             
9 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
           
]
richardsNY
Hero Member
*****
Offline Offline

Activity: 868


View Profile
October 31, 2017, 12:22:59 AM
 #30

One of many reasons why it isn't a good idea to invest all your assets into Bitcoin is because of its volatility.

Going all in is never a good idea, so that isn't just related to Bitcoin. That being said, if you buy yourself into Bitcoin for the long term (i.e. at least 4-5 years), why would you then care about the short term volatility? It doesn't really make sense to me. I see a lot people say that the volatility is a 'big problem' for holders, but that's obviously a wrong mindset. Just look at how much volatility we have gone through in the last years, and look at what the price today is. In easy terms, short term volatility isn't a problem at all for long term holders -- people for once just need to understand that.

katinko
Member
**
Offline Offline

Activity: 112

MatrixCoin - Creating Bright Future Together


View Profile
October 31, 2017, 02:13:49 AM
 #31

In form of investment yes for me, i do investment in bitcoin that banks because i know and i experience the big difference of bitcoin and bank i can gain fast and big profit in bitcoin even it is very risky i give more trust in bitcoin but i do not put all of my asset here because there is a possibility that bitcoin will disappear and our investment will never back.

Olalomi
Newbie
*
Offline Offline

Activity: 14


View Profile
October 31, 2017, 03:50:50 AM
 #32

Personally I will prefers using both bitcoin and banking for my transactions It is not advisable to invest all your money in bitcoin due to it's instability and volatility of the price presently bitcoin is on the rise but who knows what is going to happen to the price in few years to come? I will rather share my investment into two 50% saved in the bank and 50% for bitcoin.
Willitivity
Sr. Member
****
Offline Offline

Activity: 336



View Profile
October 31, 2017, 11:17:17 AM
 #33

As for me, I always strike a balance between Bitcoin and bank.
Keep as much in Bitcoin and also enough in bank.
Since Bitcoin can't be used for payments offline, I still need my bank a whole lot.


▄█▄
▄██▀██▄
▄██▀███▀██▄
▄██▀███████▀██▄
▄██▀██████▄████▀██▄
▄██▀██████████▄████▀██▄
▄██▀███████████▀██▄████▀██▄
▄██▀███████████████▀██▄████▀██▄
▄██▀███████████████████▀██▄████▀██▄
█████████████████████████████████████
████▄███████████████████▄██▀████▄████
██████▄███████████████▄██▀████▄██████
████████▄███████████▄██▀████▄████████
▀█████████▄██████████▀████▄█████████▀
▀█████████▄██████▀████▄█████████▀
▀█████████▄███████▄█████████▀
▀█████████▄███▄█████████▀
▀█████████▄█████████▀
▀███████████████▀
▀███████████▀
▀███████▀
▀███▀
 


██
██
██
██
██░░░▄█▀▀▀▀▀▀▀█▄
██▀▀▀█░░░░░░░░░▀█▄
██▀▀▀░░░░░░▄▄▄░░░▀█
██░░░░░░░░░█░█░░░░▀█▄
██░░░░░░▄▄▄█░█▄▄▄░░▀█▄
██░░░░░░█░░░░░░░█░░░░█
██░░░░░░▀▀▀█░█▀▀▀░░░░█
██░░░░▄▄▄░░█░█░░░░░░░█
██░░░░█░█░░▀▀▀░░░░░░░█
██░░░░▀▀▀░▄▄▄▄▄░░░░░░▀▌
██▄▄▄▄████░░░░░█░░░░░░█
██░░░░░░░▀█▄░░░░█░░░░░█
██░░░░░░░░░▀█▄░░░█░░░░█
██░░░░░░░░░░░▀█▄░░█░░░█
██░░░░░░░░░░░░░▀█▄░█░█▀
██░░░░░░░░░░░░░░░▀▀▀▀▀
PLAYKEY.IO
DECENTRALIZED CLOUD GAMING PLATFORM   
 
 
beerlover
Hero Member
*****
Offline Offline

Activity: 770


View Profile
October 31, 2017, 11:54:57 AM
 #34

Bitcoin is more than important to me and to show that I keep avoiding using direct bank transactions if this requires fee. But that’s makes me into using a bank cash-out with zero fee. That way I feel like I’m using the banks the same way they’re using me before. They can’t have money on at the same time I can abuse to use they’re automatic teller machine over and over again.

This is my way is saying, “You can’t benefits from me but other way around”.

I dont think it is even beneficial for a certain economy if they dont have transcation fees. What if big corporations would use bitcoin, then they will just have a free transaction and in some sense only businessmen would get rich and not the governments' economy. for me it is also good to have transaction fee not just for big transactions but also to at least maintain the richness of a certain government.
Well, that is the main reason governments would not accept it as a main currency and will try by all means so it does not get fully adopted without it being controlled one way or the other or without making sure that fiat still takes the larger chunk of the day.
Just like you have raised, with big companies making use of it, it may be a cause for concern, however, if it is taxed for transaction purpose or exchanging to fiat, i see no way the government won't still benefit.
bitgolden
Hero Member
*****
Offline Offline

Activity: 728



View Profile
October 31, 2017, 01:58:06 PM
 #35

I think there is no such thing as total security in Bitcoins, talking about being futuristic. Why? Because it exists with no legal back up and we never know when governments will altogether act on it and ban it all at the same time. If banks will come up with a mechanism to block all withdrawal transactions with the use of their ATMs, that will be a big problem for all Bitcoin users. All Bitcoins, then, become frozen. And what if one put all his hard earned money in Bitcoins and the latter gets frozen? That is the situation that is too difficult to deal with. This is one thing that banks have over Bitcoins for the former has sort of a guarantee to all those who invest on them.
The legal back up is one thing that would still be a thing that most government would want to consider pretty well before making the step. Sure, some countries have taken the bold step and they are already regulating it which over time will serve as a study of a real life situation in a country and how it can be curtailed without being wrongly used.

However, I do not see how banks want to come up with a mechanism to stop it except exchanges all over the world gets shut down and then everyone is at the mercy of P2P transactions.

Shinigami78
Jr. Member
*
Offline Offline

Activity: 42


View Profile
October 31, 2017, 03:22:47 PM
 #36

saving your own money in a nice btc wallet because the btc value is very easy to change and even higher than the first you get it, but I also keep using the bank to save half of my income.
hahay
Legendary
*
Offline Offline

Activity: 1120



View Profile WWW
October 31, 2017, 03:32:11 PM
 #37

As for me, I always strike a balance between Bitcoin and bank.
Keep as much in Bitcoin and also enough in bank.
Since Bitcoin can't be used for payments offline, I still need my bank a whole lot.
Yeah we realize that, we still need a bank to save money to be used for offline transactions, but I am the opposite of you. I save more money on BTC, because after all I have money from bitcoin, so I'm well enough to keep my btc in my wallet, just hoping someday I'll earn a very good profit from my btc savings.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
....ANGEL TOKEN....


                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀ 
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀ 
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀   
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█    
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █     
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█     
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌    
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌    
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌    
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀      
            ▀█▄         ▀█▄▄▄█▌▄█▀        
              ▀██▄▄       ▀▄▄██▀          
                 ▀▀████████▀▀             

krunox123
Hero Member
*****
Offline Offline

Activity: 728


I don't bite.


View Profile WWW
October 31, 2017, 04:31:04 PM
 #38

One of many reasons why it isn't a good idea to invest all your assets into Bitcoin is because of its volatility.

Going all in is never a good idea, so that isn't just related to Bitcoin. That being said, if you buy yourself into Bitcoin for the long term (i.e. at least 4-5 years), why would you then care about the short term volatility? It doesn't really make sense to me. I see a lot people say that the volatility is a 'big problem' for holders, but that's obviously a wrong mindset. Just look at how much volatility we have gone through in the last years, and look at what the price today is. In easy terms, short term volatility isn't a problem at all for long term holders -- people for once just need to understand that.
You'd never know when the price will hit rock bottom, so it is never a good idea (if you ever will) to invest everything that you have on Bitcoin. Also, I never said that short-term volatility is a problem. My point was, you need to keep your investments in balance.

Life sucks.
offlinedragon
Full Member
***
Offline Offline

Activity: 138


View Profile
November 01, 2017, 08:25:02 AM
 #39

One of many reasons why it isn't a good idea to invest all your assets into Bitcoin is because of its volatility. Also, I do agree with most of your reasons. But some countries banned cryptocurrencies altogether which might be a risk if you are caught. All in all, Bitcoin is still a good investment if you have a good extent of knowledge about it.
I like investing in bitcoin the most because the banks has only the safe place for meeting money and investment in bitcoin means a currency business. For me definitely bitcoin is on the first place and bank is on the second because I will need some money for my daily expenses and for that I will use my local bank.

Osarman
Hero Member
*****
Offline Offline

Activity: 490



View Profile
November 01, 2017, 03:24:31 PM
 #40

One of many reasons why it isn't a good idea to invest all your assets into Bitcoin is because of its volatility. Also, I do agree with most of your reasons. But some countries banned cryptocurrencies altogether which might be a risk if you are caught. All in all, Bitcoin is still a good investment if you have a good extent of knowledge about it.
I prefer investing in bitcoin the most because the banks has only the safe place for keeping money and investment in bitcoin means a currency business. For me definitely bitcoin is on the first place and bank is on the second because I will need some money for my daily expenses and for that I will use my local bank. Bitcoin is a new world opportunities of earning more and more money. Banks and bitcoin are two different things.

Bonpay
Global Blockchain Solution for Financial Freedom
Initial Token Sale ■■■ Whitepaper ■■■ Official thread ■■■ Slack
Bonpay Wallet & Сard - reliable bridge between crypto and fiat world
■■■ Always stay one step ahead ■■■
Pages: « 1 [2] 3 4 5 6 7 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!