cryptoboss2020 (OP)
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November 29, 2020, 05:36:19 PM |
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so what we do about this? and im still in bitcoin forum if something is going on with my money i can call to bank 24/7 and asking whats going on they always pick up the phone if bitcoin goes down i cant call to nowhere... so banks and bankers are the best and winners in this case agaisnt the bitcoin and crypto:)
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Upgrade00
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November 29, 2020, 05:42:48 PM |
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if bitcoin goes down i cant call to nowhere...
Bitcoin doesn't go down, it hasn't since it was created. Also, not being able to call anyone is part of the decentralization of Bitcoin, no one has access to your funds or keys and as such no one can help you out neither can anyone seize or lock your funds. In the case of banks, your account can be frozen without your consent. so banks and bankers are the best and winners in this case agaisnt the bitcoin and crypto:)
If customer service is the best reason you have for not chosing Bitcoin, then you probably have not done your research. There are many other qualities Bitcoin possesses which makes it unique and an alternative for anyone who wants to have a degree of autonomy. This autonomy however comes with responsibility, you need to take precaution and adhere to safety practices when holding Bitcoin.
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cryptoboss2020 (OP)
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November 29, 2020, 05:48:24 PM |
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if bitcoin goes down i cant call to nowhere...
Bitcoin doesn't go down, it hasn't since it was created. Also, not being able to call anyone is part of the decentralization of Bitcoin, no one has access to your funds or keys and as such no one can help you out neither can anyone seize or lock your funds. In the case of banks, your account can be frozen without your consent. so banks and bankers are the best and winners in this case agaisnt the bitcoin and crypto:)
If customer service is the best reason you have for not chosing Bitcoin, then you probably have not done your research. There are many other qualities Bitcoin possesses which makes it unique and an alternative for anyone who wants to have a degree of autonomy. This autonomy however comes with responsibility, you need to take precaution and adhere to safety practices when holding Bitcoin. i like that feeling just i can relax and leava to someone else to take care my asset
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target
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November 29, 2020, 05:54:03 PM |
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How do you imagine Bitcoin going down? its peer to peer. As long as there are users and miners, it will keep running, none can even hack it. BITCOIN wallet works like a bank.
Banks that we knew today doesn't work 247, they sleep that is why the forex market even just run Monday to Friday, the market stops on weekends. A bank can also freeze your account.
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cryptoboss2020 (OP)
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November 29, 2020, 05:59:00 PM |
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How do you imagine Bitcoin going down? its peer to peer. As long as there are users and miners, it will keep running, none can even hack it. BITCOIN wallet works like a bank.
Banks that we knew today doesn't work 247, they sleep that is why the forex market even just run Monday to Friday, the market stops on weekends. A bank can also freeze your account.
they can freeze yes but for this they need legal reason !
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Wapfika
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November 29, 2020, 06:03:56 PM |
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If you will doubt doing transactions and fears not being able to have some support then do not use bitcoin in having transactions without checking the app or platforms that you'll be use in having transactions , it will be better to have a suitable app that will cater your transactions as a 3rd party app so you'll have a customer support looking for.
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Upgrade00
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Playgram - The Telegram Casino
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November 29, 2020, 06:05:57 PM |
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they can freeze yes but for this they need legal reason !
That is a worse case scenario, it is just a way of showing that you do not truly hold your money. Also trusting banks means trusting their policies and trusting the decisions they make regarding the economy. With Bitcoin you do not need to trust, you should instead verify. P.S; Bitcoin is not in a competition with fiat neither is it going to overthrow it, so you do not have to choose one or the other. They function differently and this diversity creates an alternative for users. i like that feeling just i can relax and leava to someone else to take care my asset Fiat is not an asset
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target
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November 29, 2020, 06:09:08 PM |
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How do you imagine Bitcoin going down? its peer to peer. As long as there are users and miners, it will keep running, none can even hack it. BITCOIN wallet works like a bank.
Banks that we knew today doesn't work 247, they sleep that is why the forex market even just run Monday to Friday, the market stops on weekends. A bank can also freeze your account.
they can freeze yes but for this they need legal reason ! If holding BTC in our wallet not part of the legal reason, I'm sure it's not also the reason why we'd stop using BTC. There is no reason why BTC would go down. They could all exist but I think banks will be gone since they are going to be replaced by CBDC eventually. That's kind of a restart of them. Every country today are like developing CBDC.
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Lanatsa
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November 29, 2020, 06:12:02 PM |
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so what we do about this? and im still in bitcoin forum if something is going on with my money i can call to bank 24/7 and asking whats going on they always pick up the phone if bitcoin goes down i cant call to nowhere... so banks and bankers are the best and winners in this case agaisnt the bitcoin and crypto:) So how the hell you do consider that funds lost to the price would come to zero? You are basically trying to differentiate between bitcoins volatility and with fiats. If you do love banks then why you do still on this forum and do get interested with it? You cant really deny to yourself that there are various features on which Bitcoin do really edge out fiat or banks. You cant call but to know that bank can anytime held up your funds unlike with bitcoin where you do have the full control and lastly you wont be making some profits with your stashed paper fiat on a bank which is totally opposite into bitcoin but of course it does have corresponding risk.
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Poker Player
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November 29, 2020, 06:16:11 PM |
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so what we do about this? and im still in bitcoin forum if something is going on with my money i can call to bank 24/7 and asking whats going on they always pick up the phone if bitcoin goes down i cant call to nowhere... so banks and bankers are the best and winners in this case agaisnt the bitcoin and crypto:) So, what? I don't know what you are doing in this forum then. By asking that question you are showing that you don't understand anything.
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noorman0
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November 29, 2020, 06:20:55 PM |
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Because the bank has a centralized service, your assets are not entirely yours. They even erode your balance every week/month even if you don't make any transactions. As time goes by, your balance will run out and you will start receiving bank service fee bills. After all, what would you like to consult in case bitcoin is centralized? You never called the CS bank when your currency was experiencing inflation, right?
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This space for rent. Available in mid January 2024 - PM me
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cryptoboss2020 (OP)
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November 29, 2020, 06:27:51 PM |
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Because the bank has a centralized service, your assets are not entirely yours. They even erode your balance every week/month even if you don't make any transactions. As time goes by, your balance will run out and you will start receiving bank service fee bills. After all, what would you like to consult in case bitcoin is centralized? You never called the CS bank when your currency was experiencing inflation, right?
if my assets are no mine...allright but then they should say this to me before i hold my assets in their bank lol:D its same kind of nonsene like not your keys not your bitcoins....im customer and i im the king they provide only the holding service i cant belive this nonsense:D but somehow jeff bezos bill gates and all those guys are rich.,.and they dont hold money under their bed in the bank i dont belive that banks can not be trusted if they dont rob the bill gates then why would they rob me ? if i see bill gates will not hold his assets in bank then i would worry about until world richest people use banks i dont woryy about it.
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Sterbens
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November 29, 2020, 06:45:15 PM |
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and im still in bitcoin forum if something is going on with my money i can call to bank 24/7 and asking whats going on they always pick up the phone if bitcoin goes down i cant call to nowhere... this is your part to spark discussion and I like you to start off on a pretty good note. It is true that if your money is lost in a bank account, you can easily find out the information and factors leading to which direction your money flows. and for bitcoin wallets, who will you report it to? That's quite rational, but isn't that a consequence that the Bitcoin wallet is managed directly, namely you yourself. missing or not depending on where you save and reinforce the pretext .. this is what distinguishes it from a bank, because the bank is the party that manages your money.
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cryptoboss2020 (OP)
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November 29, 2020, 07:02:53 PM |
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and im still in bitcoin forum if something is going on with my money i can call to bank 24/7 and asking whats going on they always pick up the phone if bitcoin goes down i cant call to nowhere... this is your part to spark discussion and I like you to start off on a pretty good note. It is true that if your money is lost in a bank account, you can easily find out the information and factors leading to which direction your money flows. and for bitcoin wallets, who will you report it to? That's quite rational, but isn't that a consequence that the Bitcoin wallet is managed directly, namely you yourself. missing or not depending on where you save and reinforce the pretext .. this is what distinguishes it from a bank, because the bank is the party that manages your money. thats the very reason i do trust banks becouse if something happens the bank have legal liability and that gives me as holder peace of mind also the insuraces of funds:) conlusion trust the legimate things they are nice the moral here get money from the crypto and hold it on your bank account
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passwordnow
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November 29, 2020, 07:19:52 PM |
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You are familiar with bitcoin and you know that it is a decentralized cryptocurrency. Why ask a question that you're making yourself confused with? You need the banks, that's okay and if you need bitcoin, just buy it on the exchanges that you need. And if you find trouble upon your purchase, contact the exchange and no other than them. That's it. Don't make yourself put into a crazy situation.
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cryptoboss2020 (OP)
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Activity: 322
Merit: 14
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November 29, 2020, 07:29:37 PM |
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You are familiar with bitcoin and you know that it is a decentralized cryptocurrency. Why ask a question that you're making yourself confused with? You need the banks, that's okay and if you need bitcoin, just buy it on the exchanges that you need. And if you find trouble upon your purchase, contact the exchange and no other than them. That's it. Don't make yourself put into a crazy situation.
The decentralized is not secure enpugh word for me I Trust bank as I trust government and laws! If im dealing with legit institutions I Can always ask the questions! And most likey I get liability and proper answeres for the questions im asking Also Bitcoin are not some Independent entety its depend on exchangers like binance a lot. Do I trust exchangers? Off Course not!!
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Twinkledoe
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Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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November 29, 2020, 07:39:00 PM |
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You are familiar with bitcoin and you know that it is a decentralized cryptocurrency. Why ask a question that you're making yourself confused with? You need the banks, that's okay and if you need bitcoin, just buy it on the exchanges that you need. And if you find trouble upon your purchase, contact the exchange and no other than them. That's it. Don't make yourself put into a crazy situation.
The decentralized is not secure enpugh word for me I Trust bank as I trust government and laws! If im dealing with legit institutions I Can always ask the questions! And most likey I get liability and proper answeres for the questions im asking Also Bitcoin are not some Independent entety its depend on exchangers like binance a lot. Do I trust exchangers? Off Course not!! If you are having a fit towards bitcoin or crypto, then why are you still here? If you trust your bank, then go for it. No one is stopping you. A lot of crypto users are also bank users, but it doesn't mean, they don't like btc the way you are having a flare-up here. You can also get proper answers here when it comes to crypto, just know where to ask and where to find the already answered questions.
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Wysi
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November 29, 2020, 07:46:27 PM |
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Nobody controls or owns Bitcoin or crypto apart from the owner of that particular quantity of Bitcoin or crypto which one holds it so there is no point of having customer care and all because no one can make any transactions or error without except the holdlers of asset. I would suggest you to do more research on the term decentralisation. Again it's your personal opinion whether you trust crypto or fiat but let's not troll either fiat or crypto as it's personal preference of the individuals.
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xnarf
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November 29, 2020, 09:15:01 PM |
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Bitcoin is decentralized and is controlled by you. You hold your keys which means you control your crypto. You are your own bank. Whilst banks have advantages of customer support, you still have to go through the hassle of KYC, long confirm transfers, possible freezing, information leakage, etc. Bitcoin has none of this. Regarding your question of bitcoin shutting down, that is not possible. Bitcoin is a P2P network which means as long as 2 or more people have bitcoin. It will be mined to emit transactions. Everyone can mine, which means you yourself can support bitcoin transactions. Still sceptical? Check out the bitcoin uptime https://www.buybitcoinworldwide.com/bitcoin-uptime/
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Asuspawer09
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November 29, 2020, 10:05:02 PM |
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so what we do about this? and im still in bitcoin forum if something is going on with my money i can call to bank 24/7 and asking whats going on they always pick up the phone if bitcoin goes down i cant call to nowhere... so banks and bankers are the best and winners in this case agaisnt the bitcoin and crypto:) Somehow it's true, but both bitcoin and banks have their own advantage and disadvantages. Banks are centralized and bitcoin is decentralized, having the private key to your own wallet means you are the one who has control over your bitcoin but still bitcoin is unhackable at this moment but we don't know if where gonna experience issues about it in the future. Bank account could be freeze whenever they like and they can control it, they might restrict you from withdrawing but at the same time reliable and already trusted by the community somehow.
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