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Author Topic: Is Bitcoin safer than banking?  (Read 1894 times)
Red-Apple
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September 10, 2018, 12:18:30 PM
 #21

what you need to realize is that there is no perfect system, so subsequently there is no perfectly safe either. every system will have advantages and disadvantages, you can't just put down the banking system because there are some flaws in it. and you can't say bitcoin is 100% safe because it doesn't have those flaws.

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September 10, 2018, 12:19:01 PM
 #22

between traditional banks and bitcoin experience many differences, among others, banks have many rules and balances that we have they can know, but bitcoin has a lot of sophistication and assets that we have they do not know, if talking about security both have the same risk but bitcoin has many private keys as wallet security, while banks have limited private keys

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September 10, 2018, 12:39:40 PM
 #23

Actually banking is much safer than the bitcoin, in cryptocurrcy ,the bitcoin investment have a risk than banking , but even if bitcoin is risky but you can still manage to absorbed the risk, just be cautious amd be safety always in every transactions.
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September 10, 2018, 12:46:22 PM
 #24

I think that bitcoin is not that safe as banks, because bank accounts eventhough you've loss your card, you can still have access to your account. Unlike bitcoin, if your account is hacked, all the coins in your wallet would be gone.

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September 10, 2018, 12:57:53 PM
 #25

I think that bitcoin is not that safe as banks, because lots of hacker targeting  the Btc holder event the coin was in your wallet hacker will take it all. Your bank accounts only loss when you lose your bank card, but if you have full card information then you can recover your card.  Sad  Lips sealed Lips sealed
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September 10, 2018, 01:04:39 PM
 #26

You cant say bitcoin is safer than banking. In these days there are a lot of news about bitcoin scam. I think banking is more safer than bitcoin.

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September 10, 2018, 01:05:47 PM
 #27

I think for me, its not. Bitcoin is not safe as banks, because bitcoin there's a lot of hackers especially its in the internet not like the bank it has the best security. And if your bank collapse, the government can pay you.

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September 10, 2018, 01:16:09 PM
 #28

From the point of view of the average consumer, banks are safer than bitcoins and other cryptocurrencies. Since banks insure all deposits. Even if the bank is robbed, you can get your money. In the case of cryptocurrencies, you are responsible for the security of your funds.

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September 10, 2018, 01:18:15 PM
 #29

Yes, it is a little fun to hear the blockchain system compared to banks, but both of them have advantages and disadvantages.
Like a bank, if they get fraudulent reports, the bank will definitely immediately cooperate with the police to track down the perpetrators, this is the excess of the bank if fraud occurs while using the blockchain system will find it difficult to track, including the police, also the difficulty of tracking down the perpetrators.



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September 10, 2018, 02:00:11 PM
 #30

I think yes. Because bitcoin is one of the fastest and easiest way to earn money. We can exchange it and  withdraw it instantly. The bad side in bank is that they get some interests in your savings and they say that it is because you are using their system. Well, bitcoin don't do that.

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September 10, 2018, 02:28:01 PM
 #31

For me it's YES, because Decentralization is Bitcoin’s “killer app” and there are several things it can do better than traditional banking. Bitcoin is free to use and accessible to anyone without limitations. Bitcoin doesn’t have any spending limits which means you can send as much money as you need. So that's why bitcoin is safe.
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September 10, 2018, 02:32:46 PM
 #32

right now? i think yes because we can see that the bitcoin use the blockchain system that we know have a better security than the ordniary system, and maybe it will change the all traditional system in the future with the blockchain system

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September 10, 2018, 02:38:50 PM
 #33

Bitcoin is one of the cryptocurrencies, actually the leading one so, cryptocyrrency is the best asset, but it is what we say one miss you die, in banking, you have process like real filling requirements or form and it is totally regulated,  once the bank mess to secure your funds then the bank will refund it for you,  but in crypto currency industry,  wrong step, of entering in phising links and not being be careful with viruses, that collects cookies of your informations then it is the end.

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September 10, 2018, 02:44:17 PM
 #34

Well, digital currency is here to stay, but before it does and adopted properly for what it's intended for.a lot of battle will have to be won against manipulation, government, whales, shit & scam coins and likes
Bubbles and pumping will not help .if this is done, adoption of cryptocurrency will be massive and profitable in the end
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September 10, 2018, 02:48:06 PM
 #35

Ofcourse because banks are centralized, but the problem is BTC will be centralized soon, they are trying to control the market, arent they?
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September 10, 2018, 02:49:42 PM
 #36

In my opinion, bitcoin is actually more secure than bank because bitcoin is highly secure and very tightly controlled so it is safe to store our assets. We can also control our assets. We are always ready to buy or sell bitcoin quickly to help increase the value of our assets. In your opinion, where is the bank better than bitcoin?
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September 10, 2018, 02:51:38 PM
 #37

Right now I think that no. But in the future, I will agree with you. As proof, I will give an example. I have seen a lot of projects that were losing money because they were stolen. But bitcoin has many other benefits.

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September 10, 2018, 03:00:21 PM
 #38

At the moment there is not a clear cut answer to this question as the traditional banking and its routines and checks are quite helpful but also have their shortcomings. The bitcoin equally has its advantages but its disadvantages are also there and the benefits are quite certainly outweigh these shortcomings. so there is not a clear cut answer at the moment to this question.
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September 10, 2018, 03:06:25 PM
 #39

Yes, in my analysis, the current bitcoin is safer than banking because it has a high security system that is safe for the user and if the error comes from the user's fault so you should invest in bitcoin and Keep your property here for easier control. And do you think the new bitcoin or banking is the safest place?
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September 10, 2018, 03:16:11 PM
 #40

reportedly is bitcoin. now I'm studying it
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