Bitcoin Forum
September 22, 2018, 08:17:03 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 »  All
  Print  
Author Topic: Is Bitcoin safer than banking?  (Read 1894 times)
ShowOff
Hero Member
*****
Offline Offline

Activity: 882
Merit: 500


WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN


View Profile
September 11, 2018, 08:34:31 PM
 #141

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.
Safest way to save money is under our pillow  Grin. Well, if nothing safer between bitcoin and bank, at least both of risk that  you mention is from user, bitcoin can be hacked if user careless to keep their asset. And bank it is hard to get bankrupt if no big problem happen.

﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
≈ WORLD POWER PRODUCTION ≈

████████████
██████████████████████
██████████████████████████████
██████████████████████████████████
████████████████████████████████████████
██████████████████████████████████████████
██████████████████████████████████████████████
███████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████████
█████████████████████████████████████████████████████
████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
███████████████████████████████████████████████████████
██████████████████████████████████████████████████████
████████████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████
██████████████████████████████████████████████
██████████████████████████████████████████
████████████████████████████████████████
██████████████████████████████████
██████████████████████████████
██████████████████████
████████████
1537604223
Hero Member
*
Offline Offline

Posts: 1537604223

View Profile Personal Message (Offline)

Ignore
1537604223
Reply with quote  #2

1537604223
Report to moderator
Einax Airdrops and Bounties made easy! List your ERC-20 token
FREE
ETH markets launching soon!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
jcmansah7
Member
**
Offline Offline

Activity: 202
Merit: 10


View Profile
September 11, 2018, 09:26:09 PM
 #142

NO, bitcoin is not safer than banking because with the banks your funds are secured from any sort of volatility but in cryptocurrency it is under the full swing of volatility. Anyway i still prefer investing into bitcoin other than the banking system.

❐ Zeex  ❐    ▄▄▄▄▄▄ Twitter | Telegram ▄▄▄▄▄▄     ❐ Zeex  ❐
██████              Crypto to product         ██████
█▄▄▄▄▄   No fiat , No fees  ▄▄▄▄▄█
dominional
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile WWW
September 11, 2018, 09:27:53 PM
 #143

Both has their strengths  and weakness which proceed to their positive and negative,  I look at at bank as saving and short-term process while bitcoin is long term and investment  which will yield at the long run
cmaxwell
Newbie
*
Offline Offline

Activity: 202
Merit: 0


View Profile WWW
September 11, 2018, 09:30:45 PM
 #144

in a way i  will say that BTC is safer than banking for some reasons though this is subject to my own opinion. the level of manipulations in the Banking world is enormous and cannot in any way enter into BTC. another fact is that the kind of fraud that is going on in the Banking world can not appear in BTC.
AjithBtc
Sr. Member
****
Offline Offline

Activity: 630
Merit: 250



View Profile
September 11, 2018, 10:26:34 PM
 #145

Bitcoin as well other cryptocurrencies were more secure than the banking system. Bitcoin being decentralized has made people have trust over banking than cryptocurrency which is completely backed by technology and it provides with an efficiency in functioning which cannot be obtained through any other means.

███▄                 ▄███           ▄▄███▀▀█▄▄                   ▄▄█████▄▄           ███▄               ███    ▀██▄             ▄██▀
█████               ▄████       ▄▄████▄█ ██ ████▄▄           ▄▄████▀▀▀▀▀████▄▄       █████              ███      ███           ███
██████             ██████      ▀▀██▄█████▄▄███▄█▀▀▀         ███▀▀         ▀▀███      ███▀██▄            ███       ▀██▄       ▄██▀
███▀███▄         ▄██▀ ███     ███▄▀███▀████████ ████       ███               ███     ███  ███           ███         ███     ███
███  ▀███       ███▀  ███    █████ █████████  █▄▀▀▀▄█     ███                 ███    ███   ▀██▄         ███          ▀██▄ ▄██▀
███    ███▄   ▄███    ███   ▀████▀▄██████▀█████████▀██   ███                   ███   ███     ███        ███            ▀███▀
███     ▀███▄███▀     ███   █▄▄▄▄███  ████████▀███████   ███                   ███   ███      ▀██▄      ███            █████
███       █████       ███   ██▀██████████▀████████████   ███                   ███   ███        ███     ███           ██▀ ▀██
███        ▀█▀        ███    ███████▀████████▀▀▀███▄█     ███                 ███    ███         ▀██▄   ███         ▄██▀   ▀██▄
███                   ███
     █  █▀█████████ ███ ███       ███               ███     ███           ███  ███        ██▀       ▀██
███                   ███
      █████▀▄▄▀█▄██▄▀▀▀▄██         ███▄▄         ▄▄███      ███            ▀██▄███      ▄██▀         ▀██▄
███                   ███
       ▀▀██▄▀▀▄███▀████▀▀           ▀▀████▄▄▄▄▄████▀▀       ███              █████     ███             ███
███                   ███
           ▀▀██████▀▀                   ▀▀█████▀▀           ███               ▀███   ▄██▀               ▀██▄
.
.TRADE, EARN & OWN THE EXCHANGE
████   WHITEPAPER    FACEBOOK    TWITTER    LINKEDIN    TELEGRAM    CRUNCHBASE   ████
|FREETRADING &
ICO LISTING
|SUPERIORTO NASDAQ
AND LSE
|US$ 29MRAISED IN
2 WEEKS
|
[]
awosesun
Newbie
*
Offline Offline

Activity: 81
Merit: 0


View Profile WWW
September 11, 2018, 10:42:52 PM
 #146

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 don't agree with you. If the number of fraud happing in traditional banking system is let say for example 2 billion dollars, then the one happening in crypto is quadruple. If people thaf have been scammed in crypto related fraud can some out and speak, many people will run away from cryoto. I know someone that will never come back to crypto regardless of how much profit he could get because of the amount of money he has lot to cryptocurrency. So, crypto fraud is more than traditional bank fraud.
Lubang Bawah
Sr. Member
****
Offline Offline

Activity: 560
Merit: 250



View Profile
September 11, 2018, 11:27:48 PM
 #147

NO, bitcoin is not safer than banking because with the banks your funds are secured from any sort of volatility but in cryptocurrency it is under the full swing of volatility. Anyway i still prefer investing into bitcoin other than the banking system.


Of course the bank is safer than bitcoin, as we know that the price of bitcoin is like a roller coaster so when we invest in bitcoin the heart stops when the price drops more than 10%.



                                            ▄████▀
████▄               ▄████       ▗▟██████████████▄    ▐██████████████████▙▖
██████▖           ▗██████     ▗▟██████████████████▄  ▐████████████████████▌
███████▙         ▟███████    ▄█████          ▀████▀  ▐████            ▀████
█████████▖     ▗█████████   ▐████▀             ▀▀    ▐████            ▄███▌
█████▀████▙   ▟████▀█████   ████▌                    ▐███████████████████▌
█████ ▝█████▄█████▘ █████  ▐████                     ▐████████████████████▙▖
█████   ▜███████▛   █████   ████▌                    ▐████            ▀█████▖
█████    ▝█████▘    █████   ▐████▄            ▄██▄   ▐████             ▐█████
█████      ▀█▀      █████    ▀█████▄▄▄▄▄▄▄▄▄▄██████  ▐████            ▄█████▌
█████               █████     ▝██████████████████▀   ▐█████████████████████▛
█████               █████     ▄████████████████▀     ▐███████████████████▛▘
                             ▀▀▀▀▀▀
MyCryptoBank
CRYPTOBANK FOR CRYPTOCOMMUNITY
.
Legal and Reliable Crypto Bank

▄███████████▄     
██▀       ▐█▀█▄   
██        ▐█  ▀█▄ 
██        ▐█    ▀█▄
██        ▝▀▀▀▀▀▀██
██               ██
██  ███████████  ██
██               ██
██  ██████       ██
██               ██
██▄             ▄██
▀█████████████████▀
WHITEPAPER ──────────────────────────
.
Sasha Grey
Member
**
Offline Offline

Activity: 208
Merit: 10

ARIZN - Tokenised Crowdfunding Platform


View Profile
September 11, 2018, 11:31:03 PM
 #148

NO, bitcoin is not safer than banking because with the banks your funds are secured from any sort of volatility but in cryptocurrency it is under the full swing of volatility. Anyway i still prefer investing into bitcoin other than the banking system.


Of course the bank is safer than bitcoin, as we know that the price of bitcoin is like a roller coaster so when we invest in bitcoin the heart stops when the price drops more than 10%.

In investment, of course we must always be prepared with risk, bitcoin is a high-risk type of investment so we must always be wise in placing money in bitcoin, while banks are the safest investment because it is fully guaranteed by the government.

______________▂▂ ▃ ▄ ▅ ▆ ▇ █►  arizn  ◄█ ▇ ▆ ▅ ▄ ▃ ▂▂______________            ┏━━━━━━━━━━━━━┓
                             A TOKENISED CROWD FUNDING PLATFORM                                         ◄   ICO: 30% BONUS   ►
FacebookTwitterYoutubeInstagramWebsiteWalletTelegramWhitepaper ●    ┗━━━━━━━━━━━━━┛
poletando
Full Member
***
Offline Offline

Activity: 336
Merit: 100


🤖UBEX.COM 🤖


View Profile
September 12, 2018, 12:08:49 AM
 #149

there are many factor that makes bitcoin is better than bank, or bank is better than bitcoin, some people said bitcoin is more secure than bank is because they use the blockchain system, but we will see in the bank that they have the team that manage the problems in banking system, if any problems (fail transaction, fail transfer, etc) there are people that will manage it, and of course bank is watch by the government, so bitcoin vs bank? who is better?

1NV3ST0NM3
Full Member
***
Offline Offline

Activity: 364
Merit: 110



View Profile
September 12, 2018, 10:21:13 AM
 #150

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 don’t think so that this in any way has any relevancy to bank frauds. I think this is a perfect example of utter ignorance or foolishness on the part of human beings. I mean it is obviously a person’s fault if he falls prey to such scams. Criminals or scammers are present in almost every field be it banking or crypto industry. So it is important for us to be careful and attentive. Doesn’t matter whether your funds are in banks or crypto

letecia012
Full Member
***
Online Online

Activity: 294
Merit: 100



View Profile
September 12, 2018, 10:28:31 AM
 #151

In general putting yoir money in bank is far safer  than investing in bitcoin thoufh the interest is low the risk is also very slim sincecyour money is secured in bank unlike in bitcoin where volatility and risk is very high the only goodcthing in bitcoin is you may earn huge profit oncearket is bullish or you may also loss your money if market is bearish.

lamara
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
September 12, 2018, 11:10:32 AM
 #152

 of course。btc  its based on blockchain!
olarrtt
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile WWW
September 12, 2018, 11:25:54 AM
 #153

Bitcoin or cryptocurrency in general is not only safer but faster, more reliable than banking.just has how email is today instead of Post office.
I can just email someone to send me some cash and he/she gives me in Bitcoin within minutes.
That's something that can never happen with banks.the advice I will just give to hodlers of Bitcoin is to get a offline secure wallet.
Vaculin
Hero Member
*****
Offline Offline

Activity: 833
Merit: 500


dApps Development Automation Platform


View Profile
September 12, 2018, 11:29:17 AM
 #154

Bitcoin as well other cryptocurrencies were more secure than the banking system. Bitcoin being decentralized has made people have trust over banking than cryptocurrency which is completely backed by technology and it provides with an efficiency in functioning which cannot be obtained through any other means.
I also think that way.Bitcoin is more safer than banking system because it gives us the full responsibility to manage our own accounts and if happen to being hacked or scam,i think it's already the owner's fault.Banks may have lot of strict security measures but still in the end,numerous frauds are still happening up to this days.


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

⬢⬢

⬢⬢



       ▄▄▄▄
   ▄▄████████▄▄
▄██████████▀▀▀█▀█▄
██ ▀█████▀     ▀██
██▌   ▀▀▀      ███
███▄           ███
████▀         ████
▀████▄     ▄▄████▀
   ▀▀▄▄▄▄████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄████████████████▄
██████████▀▀  ▐███
██████▀▀  ▄   ████
███▀   ▄█▀   ▐████
████▄▄█▀     █████
▀█████▌ ▄▄▄ ▐████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄███████▀   ▐████▄
████████  ▄███████
██████      ██████
████████  ████████
████████  ████████
▀███████  ███████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



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


██████████████████
winstonchurchillwar
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
September 12, 2018, 11:29:55 AM
 #155

Bitcoin is unique in nature and safe to use it belongs to no one but you and you can buy almost anything for it but only need to store it on a cold wallet for security ! Bitcoin is better than any Bank but it will not replace them yet.
42K
Member
**
Offline Offline

Activity: 154
Merit: 10

When Football meets Crypto


View Profile
September 12, 2018, 11:33:08 AM
 #156

To me, I will never choose a bank when I have those two options. This is because looking at the bank the money can burn anytime and also there can be a robbery at the bank and moreover, they will give you a low percentage as compared to the bitcoin ecosystem.

ZeroBTC1
Newbie
*
Offline Offline

Activity: 39
Merit: 0


View Profile
September 12, 2018, 11:39:25 AM
 #157

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 think Bitcoin and its wallets are safer to use than the banks. With Bitcoin, you are your own bank. You control everything by yourself without any restriction from someone.
xbiv2
Full Member
***
Offline Offline

Activity: 392
Merit: 111


View Profile
September 12, 2018, 11:41:58 AM
 #158

Quote
Is Bitcoin safer than banking?
Yes.
Bitcoin cannot be arrested, confiscated, taxed, inflated.

Marlo0619
Jr. Member
*
Offline Offline

Activity: 168
Merit: 6


View Profile
September 12, 2018, 11:44:01 AM
 #159

For me, yes bitcoin is safer than banking. Because when you get an income in bitcoin, there is no charge and no fees to pay, while in banking, your savings will be reduced every month and you need to pay something before you use their system. Bitcoin for me is a lot safer than banking.

MUST.IO
THE FINANCIAL REVOLUTION (https://must.io/)
didik12
Member
**
Offline Offline

Activity: 124
Merit: 10


View Profile
September 12, 2018, 12:31:48 PM
 #160

In banking we know that all banks is safe a lot people all over the world trusting bank because it is a registered and have a licensed to operate in the country. In bitcoin not all country accepted this. So 50 percent safe because we know that the bitcoin price is volatile. But they have a tendency to double your investment in bitcoin.

Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 »  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!