Bank or Bitcoin Wallet? - page 11. | Bitcointalksearch.org

Noctis Connor

hero member

Activity: 1008

Merit: 540

Quote from: Hallseplex on October 10, 2016, 09:16:36 AM

Quote from: Mickeyb on October 04, 2015, 04:32:00 PM

Each and every person will have to decide do they trust more a bank or a Bitcoin and how much. If you trust 100% Bitcoin then I guess you have already converted all your Fiat into the BTC. I warn you though, don't close your bank account yet, because you still can't live without one, at least for now.

Why are banks afraid? Banks love control and to hide things sometimes. On the other side Bitcoin is all about giving this control to every user out there and also to have full transparency, not to hide anything.

I am not using them both becuase i like to earn my money in black money dont want to pay the tax off course lol. when you dont have banks and bitcoin wallets
you feel many times free than you do right now believe me you have to make black money.

What kind of black money you mean you are doing some black hat acitivies? so you don't want to pay taxex? but if you are doing this thing i think all are free right ? and can you teach me or tell me more about black money because it was my first time hearning this. lol

Labumi

hero member

Activity: 756

Merit: 500

Quote from: Siyas on October 12, 2016, 03:58:05 AM

As of now, i use bitcoin wallet in regards to bitcoin. I am waiting to earn bitcoin and save in my wallet. Would probably talk more on this when i have more bitcoin and when i require more protection to it. I am sure the wallet system is well protected and none can hack this system. May require bank to save the fiats exchanged from BTC.

bitcoin wallet is indeed much more enjoyable and rewarding for those of us who already know about the bitcoin. However you need to beware, that all existing technologies in the internet there will be the possibility of hacking and sometimes we can neglect towards it all. better to do it with things that are not too excessive and used 2 of these (wallet and bank)

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: sirohige on October 10, 2016, 09:20:24 PM

for me both of them is important, bussines like me can't live without bank . i need bank for transaction each day.
and im use bitcoin for investment.

that's right that banks i now being a core of a country's economy,bank is having such an important role in everyday life and getting rid of bank suddenly is just plain stupid,but atleast we can minimize the use of bank and moving on to another better option that could possibly increase or life quality

Siyas

full member

Activity: 154

Merit: 100

As of now, i use bitcoin wallet in regards to bitcoin. I am waiting to earn bitcoin and save in my wallet. Would probably talk more on this when i have more bitcoin and when i require more protection to it. I am sure the wallet system is well protected and none can hack this system. May require bank to save the fiats exchanged from BTC.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: 1Referee on October 11, 2016, 03:42:05 AM

Quote from: Cozynunu on October 11, 2016, 03:03:15 AM

I dont think you should use bitcoin wallets becuase most of the time they are not true becuase i lost allot of coins while i am using a wallet and that walletw
was blockchain neverthought that would happen over there.

Just to make it a bit more clear for everyone, are you talking about the online wallet service blockchain.info? If so, did connect your PC or mobile device to an open wifi network? Perhaps that you are a victim of a "hacker" hosting an online network to steal information and such from people connecting to it.

Well maybe he has became a victim of a phishing site and was hacked by those people who don't want to work but they just wanted to get other persons bitcoin. It did happened to me with a social media site so I am now being cautious for these type of incidents so it is better before you are going to log in check first the bitcoin wallet website.

Hatuferu

legendary

Activity: 1092

Merit: 1000

https://trueflip.io/

Quote from: 1Referee on October 11, 2016, 03:42:05 AM

Quote from: Cozynunu on October 11, 2016, 03:03:15 AM

I dont think you should use bitcoin wallets becuase most of the time they are not true becuase i lost allot of coins while i am using a wallet and that walletw
was blockchain neverthought that would happen over there.

Just to make it a bit more clear for everyone, are you talking about the online wallet service blockchain.info? If so, did connect your PC or mobile device to an open wifi network? Perhaps that you are a victim of a "hacker" hosting an online network to steal information and such from people connecting to it.

I guess upgrading you security on your online wallet is the best way to protect your assets, there are of course better security that you can use if you will just bother to do a research, one of them that I can recommend is using 2FA, I use Authy and it works fine and I am quite comfortable with my savings online.

In addition, do not only rely with one wallet online to minimize the risks.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Cozynunu on October 11, 2016, 03:03:15 AM

I dont think you should use bitcoin wallets becuase most of the time they are not true becuase i lost allot of coins while i am using a wallet and that walletw
was blockchain neverthought that would happen over there.

Just to make it a bit more clear for everyone, are you talking about the online wallet service blockchain.info? If so, did connect your PC or mobile device to an open wifi network? Perhaps that you are a victim of a "hacker" hosting an online network to steal information and such from people connecting to it.

sobsitesearch

sr. member

Activity: 406

Merit: 250

Quote from: Cozynunu on October 11, 2016, 03:03:15 AM

I dont think you should use bitcoin wallets becuase most of the time they are not true becuase i lost allot of coins while i am using a wallet and that walletw
was blockchain neverthought that would happen over there.

Where do you spend your bitcoin? why you lost it? or you invest in mining site that turn to scam sites? blockchain was good wallet and i am using this wallet i do not encounter any problem during my transaction.

Cozynunu

sr. member

Activity: 336

Merit: 250

I dont think you should use bitcoin wallets becuase most of the time they are not true becuase i lost allot of coins while i am using a wallet and that walletw
was blockchain neverthought that would happen over there.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: drwtsn32 on October 11, 2016, 12:33:21 AM

How about this:

Why don't we stop comparing bank to bitcoin because they are different things?
Each have their pros and cons, different usage as well.
We cannot be comparing them because we need them both!

That is a good suggestion but we have to comment base on our opinion as it is the topic, this discussion is not only for us but all the people who wish to use bitcoin in saving their money, as I am also sure that majority of the people in this world knows about banks while they might know what is bitcoin.

drwtsn32

sr. member

Activity: 476

Merit: 250

How about this:

Why don't we stop comparing bank to bitcoin because they are different things?
Each have their pros and cons, different usage as well.
We cannot be comparing them because we need them both!

drwtsn32

sr. member

Activity: 476

Merit: 250

Quote from: akosipepot on October 10, 2016, 09:03:42 PM

for me I would rather than use bank rather than bitcoin wallet.bank are more secured in terms of financial stability and if ever that bank is going to close there is always insurance for that so that you can recover for the money.while bitcoin if you loose your bitcoin you cannot recover it no insurance at all.

You got that right. Bitcoin is still too far away from bank in that aspect and I think it will never gonna happen because bitcoin really will forever be decentralized.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: sirohige on October 10, 2016, 09:20:24 PM

for me both of them is important, bussines like me can't live without bank . i need bank for transaction each day.
and im use bitcoin for investment.

Of course they are both important as we are in bitcoin industry and we need bitcoin wallets for it. And as we going to sell our bitcoins then we are going to convert it into fiat then we need banks for putting our profit there. So both are playing important role for all of us, who are into bitcoin related jobs.

Doms

hero member

Activity: 714

Merit: 500

Banks still play a big role in my transactions and in my investments, that is why it is impossible for me to choose one over the other. When I convert my bitcoin to fiat, the account that it goes through is with my bank so it is necessary for me to have both. Since most banks now offer online banking, it has become less of a hassle to do online banking transactions that also involve bitcoin.

sirohige

hero member

Activity: 784

Merit: 500

for me both of them is important, bussines like me can't live without bank . i need bank for transaction each day.
and im use bitcoin for investment.

madwica

hero member

Activity: 714

Merit: 531

Quote from: akosipepot on October 10, 2016, 09:03:42 PM

for me I would rather than use bank rather than bitcoin wallet.bank are more secured in terms of financial stability and if ever that bank is going to close there is always insurance for that so that you can recover for the money.while bitcoin if you loose your bitcoin you cannot recover it no insurance at all.

Correct that is the main reason that most of the users picking bank than bitcoin we always choose where our money is safe since the bank is much secured even it is giving few income of our saving, while it is good also to have bitcoin for investment but do not put all your money in bitcoin.

akosipepot

sr. member

Activity: 377

Merit: 252

for me I would rather than use bank rather than bitcoin wallet.bank are more secured in terms of financial stability and if ever that bank is going to close there is always insurance for that so that you can recover for the money.while bitcoin if you loose your bitcoin you cannot recover it no insurance at all.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: Velkro on October 10, 2016, 08:48:20 PM

I would feel safer with bitcoin wallet other than bank account. So many people can influence my finances with right or bad reasons, with bitcoin im 100% independent.

Only a risk taker people would appreciate putting their money in bitcoin wallet as savings, me personally would not trust my savings in bitcoin wallet as it is vulnerable to hack, but when I make an investment I am confident of putting in bitcoin wallet as I can afford to lose it but not my life savings.

Velkro

legendary

Activity: 2296

Merit: 1014

I would feel safer with bitcoin wallet other than bank account. So many people can influence my finances with right or bad reasons, with bitcoin im 100% independent.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Doamader on October 10, 2016, 07:13:29 PM

Banks has their issues hackers are able to steal all accounts balance small ammounts that the most wont figure out, soo they look a safe place but arent at all, people do assault them, bitcoin wallet to get hacked now needs to know password, secondary and the digits, otherwise wont be able to do anything, besides the hacker must know the email, atleast blockchain.info requests just those.

They can hack your account but for sure they will be trace because banks does not allow you to create an anonymous bank accounts. It is the security that is the benefits to secure our assets or deposits in the bank, unlike in bitcoin wallet when hack you cannot recover the amount anymore.

Topic: Bank or Bitcoin Wallet? - page 11. (Read 230501 times)