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Author Topic: Is Bitcoin safer than banking?  (Read 1894 times)
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September 11, 2018, 11:17:06 AM
 #121

i dont know about it, but when i see this i see that bitcoin is used the blockchain system that we know have the high security even they don't use the human resources, and we can see that in the bank, they use the traditional system that still use the human resources to maintenace it, so the blockchain have the good side and bank have the good side too

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September 11, 2018, 11:47:44 AM
 #122

both are not safe for people who are not aware of the importance of their secret password.  If you keep your password secret then no one will be able to cheat you. 
So my suggestion is whether it is banking or bitcoin keep your secret passward secret only or else no one can save you from cheaters.

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September 11, 2018, 11:49:44 AM
 #123

Banking is more safe as compared to bitcoin coz one can claim the lost money within the bank system even there are so many security switches in it. On thd flip side bitcoin is not safe as u can loose all ur credit if it got hacked and there is nothing to claim from.
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September 11, 2018, 12:54:30 PM
 #124

I don't think so because bitcoin's risk is higher than any assets that you can have. It's volatility drove so many to invest on it last year when it rises drastically until it reached 20,000$ but is also the reason why so some people also hate it when their investment has decreased so much and even until now, the struggle of bitcoin continues.

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September 11, 2018, 01:00:44 PM
 #125

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

I dont think so, Banking may not be efficient as what can produce when if we invest in Bitcoin, but we can say that Bankhhasis secure way better than how deals with the anomalies and fraud regarding money and we should not be forgetful about how Banking becomes one of the prior ways how people used to save money from their hardwork for investments or even savings.

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September 11, 2018, 01:15:48 PM
 #126

For me yes, Bitcoin is safer than bank but I'm not saying that bank is not a good things keep our money to them. It is just more like that in Bitcoin savings there is a probability were your amount of money could become x3 up to x10 or more depending on the price value of bitcoin when it goes up rapidly. And banks are requiring many documents while in bitcoin is not.

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September 11, 2018, 01:27:00 PM
 #127

if I read what you are talking about, there are more than 1,000 cases. Is there a clear news source from the data you sent? please attach. I think that means fraud or too many forms of crime. the broader the way of fraud, people are afraid to invest. if you see an incident (bank fraud), of course people will think it's safer and more convenient to choose bitcoin. for security reasons. so you can sleep with a calm mind at night.

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September 11, 2018, 01:32:03 PM
 #128

For me yes, Bitcoin is safer than bank but I'm not saying that bank is not a good things keep our money to them. It is just more like that in Bitcoin savings there is a probability were your amount of money could become x3 up to x10 or more depending on the price value of bitcoin when it goes up rapidly. And banks are requiring many documents while in bitcoin is not.
I do not think so, agreeing that bitcoin can give us many opportunities to double or triple the amount of money we have but this life has two sides, good and bad, bitcoin is similar, it can help our money rise and it can also help our money to disappear. The market during this time is enough to prove what I say, many people have lost a lot of money and can not know exactly when things will return, so I can say that the bank is safer, although our money in it has no great growth but it is absolutely guaranteed and can not disappear absurdly
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September 11, 2018, 01:43:12 PM
 #129

well, i think you need be careful in bitcoin, i know that there is a blockchain technology but banking is also safe.
i advice you to think twice. it's ok for me, the bitcoin is for hiding funds because you get instantly to any branches easily Cheesy Cheesy
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September 11, 2018, 01:46:16 PM
 #130

In terms of in actual investment I think yes because when you making investment in banks you will face personally the important person that will do your transaction. In bitcoin no you cannot found even one person in face to face because all of us have our own mask in order to let our selves secure in every possible counterfeit.

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September 11, 2018, 01:54:08 PM
 #131

Yes but not fully. But nowadays bank scams has been increased so its better to invest in bitcoin than banks.
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September 11, 2018, 01:57:42 PM
 #132

As far as I can see, bitcoin can not be as safe as bank. However, if you invest in bitcoin, it may be more profitable than sending money to your bank.
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September 11, 2018, 02:02:19 PM
 #133

maybe yes if we look in terms of the security system that uses the blokchain system it will be very guaranteed from theft but what is doubtful if there is fraud there will be no party responsible because bitcoin cannot be controlled by the government or the monetary authority
I think Bitcoin is safer than a bank, because decentralization makes thieves difficult in carrying out their actions. But the chances of theft still exist, because in this world there is no system that is 100% safe, no matter how small the weakness is. For decades ahead people will get used to bitcoin.
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September 11, 2018, 02:08:28 PM
 #134

I think there is also two sides of it! Your bank will face the risk of losing money through credit card information loss, low profitability! And you use Bitcoin, the risk is high hack, but can earn x2 x3 ...
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September 11, 2018, 02:10:29 PM
 #135

I don't think Bitcoin is safer than banking, it is very high risk of crime. Bitcoin is not safer than banking, but Bitcoin is more modern and sophisticated than banking. Because everything related to money is very high risk, we ourselves must protect and protect our assets. whether it's stored in national banking or in our bitcoin wallet.
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September 11, 2018, 02:13:00 PM
 #136

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?


of course not, if you compare the value of bitcoin which is very vulnerable to change. this is not safer than banking. however, bitcoin offers more options such as anonymity and the benefits that can increase as much as the level of buyers gets more crowded. if you are interested further, you have to read a lot from various references about bitcoin and its technology.

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September 11, 2018, 06:37:48 PM
 #137

No, because bitcoin is totally a virtual currency and also its market is highly volatile though the profit is big but it is not safer than banking.
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September 11, 2018, 06:55:15 PM
 #138

No, because bitcoin is totally a virtual currency and also its market is highly volatile though the profit is big but it is not safer than banking.

Bitcoin is safe but as to votality of the price and if you are not that risk taker then bitcoin is really not for you as it has an uncontrollable market, but in bank your investment is safe but  will not give you a great price or return to your investment.

   
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September 11, 2018, 07:06:12 PM
 #139

It is very safe if you store in a good wallet because your money / bitcoin is guaranteed security from various things such as burglary or fraud and is very profitable if you save your money to crypto because for many years the price of coins is increasingly expensive, without you doing anything and without pieces every month that you have to spend.
do not worry about digital world security all protection has been prepared and set up for various fraud and burglary modes.

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September 11, 2018, 07:37:31 PM
 #140

None is more safer than the other.
Banking is risky so also bitcoin.
Bitcoin wallet can be hacked and banks can go bankrupt and fold up.
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