Why I hate Banks and love Bitcoin :->

[dimox]

and you still use bank until now.
you know if what people hate sometimes give convenience for them, but they dont look at. big good service sometimes closed by small fault. and maybe it happen because you are late pay your arrears.
hope if in your place have good service and accept bitcoin as payment.

[Emmanuel Bakhaty]

in my personal opinion, because in the bank when we save money, then every month the deposit will be deducted as administration while in bitcoin there will never be an administrative deduction.

[fiulpro]

Well even when it comes to Bitcoins , we also have lightning payments ;
Now lightning payments allows us to transfer things instantly that too with a reasonable fee , wide adoption of lighting network is something that could change the whole economy and at the same time it could give us freedom to do whatever we want with our money.
Banks can actually close your accounts for ridiculous reasons and then cannot be reversed , this is actually something that people can face in foreign countries.
I think Bitcoins can be excellent for payment and for short term holding in that case.

[AliMan]

Banks is greed on giving each investors a huge interest of their money despite of continuous and consistent deposits given by depositors. That's the reason why other's won't prefer having bank deposits instead they option to keep it personally on their resident vaults. Bitcoin beloved by people due to decentralized and not controlled by any sector, and you'll be earning independently.

[therhslv]

Not sure why it took so long to reflect . I usually pay bills with my internet banking and money sent is almost instant with my bank . Ofcourse depends what bank is on other side that i pay , but if its same bank what i hold it takes seconds . If the other side got different bank , it takes minutes . Ofcourse cryptopayments would be really nice to pay my bills , probably it will happen sooner or later

[xamxam]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

Well, if you transact using banks online, surely it may take 1 day here in my country. Its too delayed actually, but at least We now have an exchange now in my country that bitcoin accepted and can also be traded too, aside from that using this exchange I can able to pay my bill using my bitcoin balance through this exchange. This is one of the reason why like it and I had no more use for bank anymore.

[Harith65]

i hate bank and love bitcoin. there are many reason for that. if we deposit some money in bank it will not be charged more interest in bank but bitcoin prices are changing and i will be able to take more profit that bank investment. there is a risk in price reducing we should have better understanding of bitcoin before invest. that also the point to in vest in bitcoin because i have to learn and observe about bitcoin. i used to do it as my hobby

[Dondont]

Use paypal or credit card, also bitcoin could have taken way longer than 20 minutes, sometimes it takes hours too so your example is pretty shitty if you want to make banks look worse than bitcoin. You had several options for instant payment, its your fault for refusing to use them, not the bank.

Because people prefer something that has a faster process. And in this case, Bitcoin is the winner, leaving aside the fluctuations and analysis going forward, of course Bitcoin wins because it is very easily accessible. 1 personal may only be able to access 1 account per 1 Bank, but in bitcoin you have no limits. And especially with an anonymous system which create free people are very happy.

[daarul50]

in my personal opinion, because in the bank when we save money, then every month the deposit will be deducted as administration while in bitcoin there will never be an administrative deduction.

You will pay everything if you deal with centralized system and you have to pay it and if not you will be taken out by them. Unless, when you use crypto as everything you want especilly to store your money and payment system. There is no service that must be paid by you because you are a servicer for yourself.

Decentralized system has been changing everything, I hope for those people who hasn't aware to blockchain function and cryptocurrencies's work can be immediately realized. Thus far, they only ingest everything when they got negative information against blockchain and cryptocurrencies and tried to ignore it. But I believe this is the metter of time, the technological system always grow up everyday and sooner they will know the truth of cryptocurrencies.

[Dingdongjl]

Banks really sucks I dont really get why they trasfer too slow while they are also using internet transactions, maybe it is because they are holding a lot of transaction and they cant manage to it instantly.

But there is a good side in this, until the money is not sent to the receiver you can always call and cancel the transaction youve made.

"But still sucks when you need to make an instant transactions".

[crypto1987]

These kinds of experiences are quite common, the payments are not processed immediately and this becomes annoying for people, I'm really sure that with a practical use of cryptocurrencies the payments will be immediate for all kinds of goods and services.

[gabbie2010]

Obviously many of those satellite TV service providers will see reasons why they should adopt cryptocurrencies as an alternative means of subscription of course they will lose customers as a result of this delays by using banking credit system for their subscriptions.
This is in indeed a clear indication of centralized banking system deficiencies which can leads to all sorts of delays by their bureaucratic operations and thus slower means of payments will be the order of the day, of course the ultimate solutions is adoption of cryptocurrencies.

[Distinctin]

well, the advantages of bitcoin are transactions that are so fast.

Transaction are not so fast IMO, it would take time to confirm depending on how much fee you will set, but banks can make transaction faster if they do it internally, or what we called bank to bank transaction with the same company.

The fee as well is high for typical users who does transact less than 100 usd.

For now, I would prefer bitcoin for big transactions as with millions or hundreds of thousands, you can still choose to play less than 1 usd and transferred without question unlike the bank.

[diahsw]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

Safe and economical

Even though the world of Indonesian Banking is already advanced, around 80% of its citizens still don't know the product bank. This is a chance for bitcoin to become an alternative payment. Apart from being very safe and cheaper than the actual bank transfer fees, bitcoin also only requires a split second to process the transaction.

Investment that is comparable to gold

Gold has become one of the top investments in the Indonesian community. One reason is because gold is easy to sell. Bitcoin is also the same as easy-to-sell gold traded anytime and anywhere through cyberspace. The question of the value of bitcoin does not need to be approved even some time ago its value reached 26 million rupiah / BCH. The value of proving that bitcoin cannot be seen as one eye.

Able to be used in various countries

The advantages of bitcoin are needed to be used in several countries and are used as a payment tool worth money. Bitcoin like the required credit card is used to pay your bills when buying abroad but does not require high interest costs.

Future Money

Many people think that bitcoin is able to dominate the money market throughout the world. Not a few who think that bitcoin can be the future money used throughout the world. This is supported by data from Luno who conducted a survey of people's interest in bitcoin. Around more than 41% of respondents believe that bitcoin is able to become a universal payment tool throughout the world. Respondents also estimated the value of bitcoin to be able to penetrate the price of 40-60 million rupiah per coin.

Easy to centralize and use

The use of money in general must be easy to use and decentralized. Bitcoin can meet this requirement, still new in the money market. The existence of bitcoin also provides special privacy to enjoy purchases wherever you are. Some countries that need bitcoin are starting to legalize this virtual money like in Japan and South Korea.

Minimizing Crime

Suspected of being virtual money so that the owner needs a decent storage area, the money needed to be used. This also reduces criminal acts such as robbery and canceling. Although cyber crime may only occur, bitcoin has a protection that is no less great to prevent hackers using bitcoin. Bitcoin is now also issuing money products, a new one called bitcoin, cash which is almost the same value as bitcoin. The existence of bitcoin money also helps prevent transactions when Hardfork occurs in the future.

[Herbet Fry]

I know right!! Holy crap the other day I needed to pay back my mom like $100 for some stuff she bought me since I was so busy. I sent it and it didn't even detect. I had to send it again and it went through and reduced the amount off my account but this was yesterday and now the notification still has not come through on her side. I must check if she received it. With crypto, I would not have to do all this messing around.
She would use crypto if she could pay bills with it. She doesn't really shop so nothing to buy with crypto unlike me who shops online.

[cryp24x]

Even if you paid in Bitcoin, I don't think that will really improve the system of a certain bank. I think the bank really have a system error either on the program/application itself or delayed update of the database. It is true that it is advantageous to use Bitcoin but we need to improve first the system.

[elsniper]

This is one of the reason why people need bitcoin in this world, I really don't understand the government rules sometimes i wonder if they really want to help or not!. Allowing bitcoin as a payment for any services is no hassle i hope they will realize how useful bitcoin for everyone.

Thinking that they re planning to help people is naive. They care only bout themselves and their power.

[everlyn]

Let me guess, you follow Pomp on twitter?

[ljane]

Everyone has so many reasons or might have one or two reasons why he or she love Bitcoin and Hates banks. Mine has to deal with leaving your monies with them for more than a year without having or getting nothing on it. I have realized that Buying BTC is far way better than sending the monies to banks.

[barabarian1]

just dont be late. pay on time and i think its no problem. maybe its because you pay late, if you pay with crypto maybe the same case will be on you.
dont hate bank just because it have one bad service, dont you know if bank helping a lot of people including you. but i hope someday they provide payment via crypto, and they (user) can compare about the payment