Topic: Bank or Bitcoin Wallet? - page 107. (Read 230520 times)
If there is one thing i know never use bitcoin wallets for now maybe in the future they would be many times better but for now it is better to use a normal bank and coins can be store on your own pc.
Bitcoin=/=bank. Storing bitcoin is like keeping the money under your bed. With the difference that FIAT is vulnerable to inflation and bitcoin is inflation free.
Banks were invented to keep your money safe and to provide some small interest to fight the inflation.
Bitcoin alone fixes all these problems - it is payment processor, has storage potential and you can profit from holding.
I do not trust banks. I once had $90,000 in the bank and wanted to go the the casino for the night. So I went to the bank and asked for $5,000 of my money. They told me that they did not have enough and that I had to go to another branch and get the other half of my money. WTF Screw banks.
Banks were invented to keep your money safe and to provide some small interest to fight the inflation.
Bitcoin alone fixes all these problems - it is payment processor, has storage potential and you can profit from holding.
I do not trust banks. I once had $90,000 in the bank and wanted to go the the casino for the night. So I went to the bank and asked for $5,000 of my money. They told me that they did not have enough and that I had to go to another branch and get the other half of my money. WTF Screw banks.
I totally agree with you. I would much prefer having bitcoin in a safe secure storage, than to store my wealth in banks. Storing my wealth in banks basically screwing myself up because fiat is forever depreciating.
I am also letting the banks do the fractional reserves stuff that they do. In bitcoin, there is no such thing as fractional reserves.
If i need to decide witch one i would use for now it would be a bank for sure. But the bitcoin is growing fast so i dont know witch time im using the wallet but there will be some time i will use it.
I use both bank and bitcoin.However, sometimes banks could be so funny.They control your money e.g if an adverse effect happens to the bank your hard earn money is lost for good.Unlike bitcoin wallet where you're totally in charge of you currency.Incase anything happens to your wallett you will be solely responsible for incuring a loss.Secure them firmly.Thus, I save money in the bank for my day-to-day activities while I store my bitcoin in a wallet for longterm usage.
I chose the bank. because banks guarantee the safety and has been guaranteed by the government. by using a bank, I am still able to transact wherever and whenever with internet banking.
It's not that i believe that a bank is much safer than my bitcoin hard wallet but as long as fiat money is the main option i am somehow forced to keep most of my money in a bank.
Bitcoin is safer in my view. The reason for success of bitcoin must be the failure experience with our traditional banks. To have total control on our wealth, then bitcoin must be a perfect answer.
Diversifying is always good, no bitcoiners never suggest to invest all our wealth into bitcoin. Other than bank deposits, we can many numerous investments options. But for me, bitcoin gets more priority.
It's not that i believe that a bank is much safer than my bitcoin hard wallet but as long as fiat money is the main option i am somehow forced to keep most of my money in a bank.
You can better use a bank account instead of a bitcoin wallet. Thats only because bitcoin wallets are not secured enough to be used these days on the internet there are several hackers who like to steal your coins.
do you think the bank accounts can not be hacked? many cases that person (hacker) using someone else's bank account to shop online. and it happens often. no one is safe in the online system so even if you use a bank or wallet it still has a chance to stolen. possible protection of user banks more preferredIn the case that banks can be hacked and money got stolen, we can have our money back because that's the strong bank way of giving good returns to it's clients. Almost all banks in the world are like that.
..choose what suits you the best.
This is the most important..
Use both. Have some money in your bank just to have it if you need it.
Have more money in your BitCoin wallet.
Have more money in your BitCoin wallet.
Something that is true, for if we are using only one of the means of payment then we cannot enjoy the beauty of the world of this, suppose we only use the money in the bank we could only use the opportunity on this day and not be able to get a victory in the future (Bitcoin)
choose bank for best security by 3rd party or choose btc wallet but you have to secure it by yourself. bitcoin gives more profits if you hold it and trade in right time but bank gives very low ROI. choose what suits you the best.
base on your question,
for now for me i choose Bank, currently bitcoin was not yet well known currency in my country.
for now for me i choose Bank, currently bitcoin was not yet well known currency in my country.
both of them.
I also use them. there is no problem in the use of both as long as you still need fiat. then the bank will be required as well. they both have their respective interestsWe need bitcoin wallets to save money we got and we need the bank to exchange for currency.
We need both to make a profit.
both of them.
I also use them. there is no problem in the use of both as long as you still need fiat. then the bank will be required as well. they both have their respective interests
Use both. Have some money in your bank just to have it if you need it.
Have more money in your BitCoin wallet.
yes, bitcoin is the future money. Its price is in the uptrend before halving. Have more money in your BitCoin wallet.
Use both. Have some money in your bank just to have it if you need it.
Have more money in your BitCoin wallet.
Have more money in your BitCoin wallet.
i will choose both, because they are the same but only using different currencies,
i don't think banks are afraid of bitcoin, they just don't have sufficient knowledge about bitcoin,
bank's are not much smooth and faster because they still do manual in their step by step procedure.
unlike bitcoin everything can be done automatically
i don't think banks are afraid of bitcoin, they just don't have sufficient knowledge about bitcoin,
bank's are not much smooth and faster because they still do manual in their step by step procedure.
unlike bitcoin everything can be done automatically
You can better use a bank account instead of a bitcoin wallet. Thats only because bitcoin wallets are not secured enough to be used these days on the internet there are several hackers who like to steal your coins.
do you think the bank accounts can not be hacked? many cases that person (hacker) using someone else's bank account to shop online. and it happens often. no one is safe in the online system so even if you use a bank or wallet it still has a chance to stolen. possible protection of user banks more preferred
both of them.
I also use them. there is no problem in the use of both as long as you still need fiat. then the bank will be required as well. they both have their respective interests Bitcoin=/=bank. Storing bitcoin is like keeping the money under your bed. With the difference that FIAT is vulnerable to inflation and bitcoin is inflation free.
Banks were invented to keep your money safe and to provide some small interest to fight the inflation.
Bitcoin alone fixes all these problems - it is payment processor, has storage potential and you can profit from holding.
I do not trust banks. I once had $90,000 in the bank and wanted to go the the casino for the night. So I went to the bank and asked for $5,000 of my money. They told me that they did not have enough and that I had to go to another branch and get the other half of my money. WTF Screw banks.
maybe you're just unlucky that day, how about the ATM machine?Banks were invented to keep your money safe and to provide some small interest to fight the inflation.
Bitcoin alone fixes all these problems - it is payment processor, has storage potential and you can profit from holding.
I do not trust banks. I once had $90,000 in the bank and wanted to go the the casino for the night. So I went to the bank and asked for $5,000 of my money. They told me that they did not have enough and that I had to go to another branch and get the other half of my money. WTF Screw banks.
for the bitcoin i know that we can take the fund without any limit. still im choosing bitcoin better than bank for investing and online use though
Bitcoin=/=bank. Storing bitcoin is like keeping the money under your bed. With the difference that FIAT is vulnerable to inflation and bitcoin is inflation free.
Banks were invented to keep your money safe and to provide some small interest to fight the inflation.
Bitcoin alone fixes all these problems - it is payment processor, has storage potential and you can profit from holding.
I do not trust banks. I once had $90,000 in the bank and wanted to go the the casino for the night. So I went to the bank and asked for $5,000 of my money. They told me that they did not have enough and that I had to go to another branch and get the other half of my money. WTF Screw banks.
Banks were invented to keep your money safe and to provide some small interest to fight the inflation.
Bitcoin alone fixes all these problems - it is payment processor, has storage potential and you can profit from holding.
I do not trust banks. I once had $90,000 in the bank and wanted to go the the casino for the night. So I went to the bank and asked for $5,000 of my money. They told me that they did not have enough and that I had to go to another branch and get the other half of my money. WTF Screw banks.
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