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Author Topic: Banks are once again up to their old tricks - Is your money safe?  (Read 187 times)
_BlackStar
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March 16, 2023, 09:05:05 PM
 #21

I don't want to say the bank is too bad for me in a certain amount of money, they have accompanied my financial transaction needs more before I got to know bitcoin, and my trust in their service is a reward for my experience that has gotten the best service from them as long as I have an account bank.

Then the development of the digital industry really gives us a good choice. Bitcoin being one of the best, but I'm not going to remove banks from my financial transaction needs because I still need them. You can hate them all you want, but I think they have done a great service to everyone although currently bitcoin is one of the better options.

Keeping money with banks now is one of the biggest risk one can take especially when the amount is much left with the centralized financial institutions, now that there have been discovery of a secured decentralized digital network that cab help keep our assets safe and free from every form of government interference and yet some people were still holding their entire finances with banks or centralized exchanges means they need an eye opener to give them a practical example from the past experience others have with banks ceasing their money till date without releasing it.

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serjent05
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March 16, 2023, 10:00:09 PM
 #22

I don't want to say the bank is too bad for me in a certain amount of money, they have accompanied my financial transaction needs more before I got to know bitcoin, and my trust in their service is a reward for my experience that has gotten the best service from them as long as I have an account bank.

Then the development of the digital industry really gives us a good choice. Bitcoin being one of the best, but I'm not going to remove banks from my financial transaction needs because I still need them. You can hate them all you want, but I think they have done a great service to everyone although currently bitcoin is one of the better options.



Same here, I still have confidence in banks we can just save an amount that is covered by insurance so that when thing gets tough and the bank where our money is kept goes bankrupt, we are able to get a reimbursement of our money because it is insured.

Banks is still helpful in some way but of course, having our eggs in different basket is always better.  Now that Bitcoin is acknowledged as a mode of payment and asset, we can put the majority of our funds in it and others in banks just for day-to-day expenses.

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March 16, 2023, 10:41:22 PM
 #23

The best banks are the GRAND BANKS off the coast of Canada. They'll never get your money there. LOL.

Grand Banks, portion of the North American continental shelf in the Atlantic Ocean, lying southeast of Newfoundland island, Canada. Noted as an international fishing ground, the banks extend for 350 miles (560 km) north to south and for 420 miles (675 km) east to west. They consist of a number of separate banks, chief of which are Grand, Green, and St. Pierre; and they are sometimes considered to include the submarine plateaus that extend southwestward to Georges Bank, east-southeast of Cape Cod, Mass., U.S. Depths average 180 feet (55 metres), but many places reach 600 feet (180 metres).


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March 17, 2023, 02:56:13 AM
 #24

I don't want to say the bank is too bad for me in a certain amount of money, they have accompanied my financial transaction needs more before I got to know bitcoin, and my trust in their service is a reward for my experience that has gotten the best service from them as long as I have an account bank.

Then the development of the digital industry really gives us a good choice. Bitcoin being one of the best, but I'm not going to remove banks from my financial transaction needs because I still need them. You can hate them all you want, but I think they have done a great service to everyone although currently bitcoin is one of the better options.
Same here, I still have confidence in banks we can just save an amount that is covered by insurance so that when thing gets tough and the bank where our money is kept goes bankrupt, we are able to get a reimbursement of our money because it is insured.

Banks is still helpful in some way but of course, having our eggs in different basket is always better.  Now that Bitcoin is acknowledged as a mode of payment and asset, we can put the majority of our funds in it and others in banks just for day-to-day expenses.
I think that people's money in government banks is still safe, although they may not be able to withdraw all of their money at once because of the lack of supply at the bank. That's because they still keep almost all their money in the bank and don't think about the possibility of high inflation occurring at any time. The important thing is that they can save their money in government banks, still work to make money, have fun enjoying their income, and save.

Maybe it will be felt in several other countries directly affected by inflation. But it has not really felt for some countries whose people can still earn an income. And for now, I feel better keeping most of my money in bitcoins and only cashing out a small portion for day-to-day needs. So if something happens with the bank, I still have bitcoins to withdraw and use to survive inflation.

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