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Author Topic: BITCOIN FIRST BEFORE YOUR BANK  (Read 2997 times)
eann014
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November 05, 2017, 02:16:15 PM
#61

Yeah bitcoin is good to have and to save into our bitcoin wallet than to save your money into your bank account, because in our bitcoin wallet it can increase in days unlike in banks, it takes month before it increase and not just as big as what our bitcoin wallet can do to increase our bitcoin.



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November 05, 2017, 07:46:51 PM
#62

Bitcoin has opened up a new opportunity for me I withdrew substantial part of my bank savings and invested in bitcoin infact I had started feeling the impact due to the present price of bitcoin at 7500K+
I bought below that price and no bank will pay such a huge profit as interest that had accrued to my bitcoin.

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November 05, 2017, 08:13:00 PM
#63

It is better to save part of our money in bank rather than investing everything in bitcoin although bitcoin is enjoying a good ride now what will happen to bitcoin in few years to come nobody knows? the price may pullback to a low price.
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November 06, 2017, 04:56:07 AM
#64

Definitely,bitcoin would get more priority than bank.
In fact,bitcoin has been created to free people from the hands of bankers.
Bitcoin has made possible of sending money P2P without an intermediary bank at very low fee.
Bitcoin has given the opportunity of getting huge returns for their investments when they early had the option of investing their money mostly in banks and getting just a small percentage as interest.
That's why,banks are very much scared about the progress of bitcoin and treat bitcoin as their main rival.
It already is. Most people who already know much about bitcoin now and so much believe in the technology are ready to go all the way to keep believing and supporting the fact that Bitcoin has brought. I was looking for ways to make international transactions for my merchandise and government restrictions gave me hell until bitcoin came my way to save the day.

So, tell me how someone like me will not go all the way to keep supporting Bitcoin when I know all I have passed through in the hands of Banks, making everything strenuous when it is not suppose to be.

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November 06, 2017, 06:55:03 AM
#65

It is better to save part of our money in bank rather than investing everything in bitcoin although bitcoin is enjoying a good ride now what will happen to bitcoin in few years to come nobody knows? the price may pullback to a low price.
Well somehow you have a point. It is said that dont put your eggs in one basket, since bitcoin is volatile it is not good to invest all your funds in bitcoin. Yes, we dont know what might gonna happen in the future because bitcoin price up and down. So partly, saving both in bitcoin and bank is good for me in bitcoin we can earn profit.

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November 06, 2017, 11:39:29 AM
#66

It is better to save part of our money in bank rather than investing everything in bitcoin although bitcoin is enjoying a good ride now what will happen to bitcoin in few years to come nobody knows? the price may pullback to a low price.
Well somehow you have a point. It is said that dont put your eggs in one basket, since bitcoin is volatile it is not good to invest all your funds in bitcoin. Yes, we dont know what might gonna happen in the future because bitcoin price up and down. So partly, saving both in bitcoin and bank is good for me in bitcoin we can earn profit.
Banks at present provide the best service which we cannot find it anywhere else. It has served as the backbone for the success of lot of people through the different schemes available. So banks won't go unused in a short or long as bitcoin takes longer time to reach a place that bank holds at present.



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November 06, 2017, 01:02:08 PM
#67

since bitcoin is volatile it is not good to invest all your funds in bitcoin.
Only an utter fool will put all its savings/money into something. That being said, I don't see why the volatility is being seen as a problem by people if they just look to open a long term position in Bitcoin.

Volatility matters to those who are actively looking to trade the fluctuations, and that's really it. Just look at how much volatility we have gone through since Bitcoin's existence, and look where the market stands today.

It obviously means that the volatility has NO impact whatsoever on the long term price. People just need to look at the facts and not blatantly 'write off' this market's volatility as being a serious problem.

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November 06, 2017, 02:19:29 PM
#68

It is better to save part of our money in bank rather than investing everything in bitcoin although bitcoin is enjoying a good ride now what will happen to bitcoin in few years to come nobody knows? the price may pullback to a low price.
Well somehow you have a point. It is said that dont put your eggs in one basket, since bitcoin is volatile it is not good to invest all your funds in bitcoin. Yes, we dont know what might gonna happen in the future because bitcoin price up and down. So partly, saving both in bitcoin and bank is good for me in bitcoin we can earn profit.
Banks at present provide the best service which we cannot find it anywhere else. It has served as the backbone for the success of lot of people through the different schemes available. So banks won't go unused in a short or long as bitcoin takes longer time to reach a place that bank holds at present.
These services provided by the banks are really necessary, and is one of the pillars for economic development, but like it or not your money will be in thirds hands. Back in 90's my country went through a severe economic crisis, and the government simply confiscated the savings of the entire population that was in the banks. In 2015 there were rumors this could happen again. Nothing guarantees that will not happen again, btc is a way to get yourself prepared for such situations.

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November 06, 2017, 10:28:44 PM
#69

Betcoin is favoured compared with keeping money in the bank
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November 07, 2017, 12:07:47 AM
#70

6. Bitcoin breaks the vicious cycle of poverty and helps you leverage to other opportunities such as investing in other crypto currencies.
How can bitcoin break the vicious cycle of poverty? No one gives me substantial amounts for free and if I have no money to invest then I can also not invest in other crypto currencies. But I agree that bitcoin helps you unlike better to leave the poor area as the fiat system eats a lot of your work with taxes, fees and inflation.
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November 07, 2017, 01:53:08 AM
#71

Betcoin is favoured compared with keeping money in the bank
Bitcoin mate not betcoin, by the way if you are risk taker you will invest in bitcoin first before saving to the bank, but if you are true investor or business man you will put you money at the bank for security and have portion of money for investment they are wise and not want to risk most of their money.
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November 07, 2017, 03:35:02 AM
#72

Bitcoin is my preferred payment method online, but I still need to use my bank as well. Bitcoin is not supported in my country and in the most famous marketplaces worldwide, so using banks is our unique choice. But I agree that Bitcoin have a lot of powerful features making it better than banks.

yes your truely right mate but bitcoin as you said have powerful features thats why people choosing to priority to invest their money into bitcoin because you can get huge amount of profits for long term investment bitcoin still keep increasing the value in the marketcap, banking system your investment have an secured security because fiat have an stable value compare with bitcoin have a risk using volatile digital currency.
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November 07, 2017, 06:18:16 AM
#73

It is better to save part of our money in bank rather than investing everything in bitcoin although bitcoin is enjoying a good ride now what will happen to bitcoin in few years to come nobody knows? the price may pullback to a low price.
Well somehow you have a point. It is said that dont put your eggs in one basket, since bitcoin is volatile it is not good to invest all your funds in bitcoin. Yes, we dont know what might gonna happen in the future because bitcoin price up and down. So partly, saving both in bitcoin and bank is good for me in bitcoin we can earn profit.
Banks at present provide the best service which we cannot find it anywhere else. It has served as the backbone for the success of lot of people through the different schemes available. So banks won't go unused in a short or long as bitcoin takes longer time to reach a place that bank holds at present.
Yeah, and in addition in my opinion, our btc wallet and bank have their different uses. Bank cannot go and are money in the bank can be safe in a long run. In our btc wallet there is a possibility that it can be hack. But of course we need to take extra care of our wallet since it involves our income and savings.



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HAS BEEN RELEASED!


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Rainbot
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goaldigger
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November 08, 2017, 12:45:43 AM
#74

When you are talking about investing, bitcoin is really better than banks because it has higher interest and profits with greater conviniency on trading online. But in terms of the usage or efficiency on how to deal with your everyday needs, bank is better. On my country, you need to convert bitcoin to fiat in order to use it. So better know your purpose.

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November 08, 2017, 07:18:20 AM
#75

Indeed bitcoin is much better investment vehicle than in the banks who exploits, oppress and control your money with lots of useless regulations before using your own money where in bitcoin you have control in your transaction without worrying if being track by an third party. One thing i have to correct is bitcoin already graduated from volatility so the price may go down but not that big.
Banks has always exploit us like you said, no doubt and it sucks for them right now when people are beginning to see the truth. We have been enslaved when the set of punks that are supposed to be serving us are manipulating and monopolizing the whole system for their benefit.

All the above, with what you said, whether bitcoin is going high or low, it is very volatile at this state. The volatility has to do with both and we still keep seeing bullish trend for now until we get a balance.

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taktik
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November 08, 2017, 07:32:05 PM
#76

When you are talking about investing, bitcoin is really better than banks because it has higher interest and profits with greater conviniency on trading online. But in terms of the usage or efficiency on how to deal with your everyday needs, bank is better. On my country, you need to convert bitcoin to fiat in order to use it. So better know your purpose.
I totally agree with your opinion, but only have one amendment that if Fiat put to the Bank, this passive income, almost requires no attention. but if it comes to bitcoin that they need to trade to get a good profit. although investments, too, is present, but the risks very large in this regard.

________Any Store Can Buy, Sell and Accept Cryptocurrency________
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November 08, 2017, 10:09:29 PM
#77

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?
Bitcoin  is my option in preparing my payment method but for now bank is secured and safe in savings, I can used bitcoin in paying my bills and other kind of expenses that we can pay here.In terms of investing bitcoin is the best profit or interest that we can have unlike in banks their low interest not appropriate in our money to make it profitable.

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November 09, 2017, 07:11:15 AM
#78

Using bitcoin is beneficial as investment and currency. Its a big help specially in sending money to my relatives abroad, dont need to use remittance with high fee. Thats only one of many reasons why im hooked.

In investing to btc, i prefer not to go all in as we know its risky and although it can give us a good profit depends on your capital i still chose to left some of my money in the bank. It cant grow unlike if you invest it but i still want to have money with assurance of stability.

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November 09, 2017, 07:47:11 AM
#79

Banks can use Bitcoin as a fast payment method in the banking industry all over the world to compete from other financial institution in near future. But people always give first priority to the banks followed by Bitcoin. If Bitcoin be fully legalized in the whole world then bank and Bitcoin will go in same way.

I think that banks and Bitcoin should act jointly, because the banks are not exactly unnecessary. There are banks with prejudices against Bitcoin, time is needed.



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Rainbot
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zikithay
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November 09, 2017, 09:31:02 AM
#80

Bitcoin is now better than bank,because in our country banks transaction charges are increased.if we have bitcoin we can earn profits.so i always my money always in the my bitcoin.banks are paying less amount of interests.
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