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Topic: Bank or Bitcoin Wallet? - page 112. (Read 230520 times)

hero member
Activity: 574
Merit: 500
May 25, 2016, 04:14:19 AM
By using bitcoin you are being your own bank. There is really no need for a central bank or commercial banks when you use bitcoin. You are holding the private keys and only you own the bitcoins. No one else can access it. While if you deposit currency into a bank you're basically trusting them to stay legit. And banking people are always not very trustworthy Tongue

So I prefer a bitcoin wallet, because bitcoin wallets are very easy to use, and it involves less fees.
hero member
Activity: 1498
Merit: 597
May 25, 2016, 03:58:31 AM
I think I'm little bit lazy, little bit smart.

So I will choose bitcoin.
If I will choose bank then I have to go to bank for making transactions.

But If I have bitcoin I can do it from anywhere.

As I do Import/export business,
I wish I could get the opportunity to pay/receive payments by bitcoin.

full member
Activity: 395
Merit: 100
May 25, 2016, 03:20:51 AM
Bitcoin Wallet in my opinion, because banks could do some fucked up stuff and you couldn't prove it. For instance: losing your bitcoins.

If your bank account gets hacked then bank will stand in support of you and help you in recovering your money but that same doesn't go with bitcoin wallet.

It's good, but it's very difficult nowadays not to associate your Bitcoins with your real identity.
sr. member
Activity: 350
Merit: 250
May 25, 2016, 03:07:53 AM
Banks off course what do you want to do with an bitcoin wallet who is not even secured by something only by people who can steal your coins, no i dont use them becasuse i dont trust them so use the normal banks and you will see it is many times better.
You are funny, I think bitcoin is way more secure, because the fact is that banks are secured good but the bitcoin is controlled by yourself and good secured plus its even untraceable...

Well look like you are just posting without putting some time to understand what the post really meant. If it's untraceable how come a transaction will be safe? Remember that a good security must traceable. You guys really don't know the cons of anonymous transaction.
As you can see now you see also that there are more people that is going to use a Bitcoin wallet and that is because it works easily and many people using it and it is also safe.
But the bad thing that can happen is that the value can be down and you can even be scammed if you are not careful.
member
Activity: 110
Merit: 10
May 25, 2016, 03:04:11 AM
Corrupt government can seize your bank accounts but can't seize your Bitcoin if you are smart enough.

I don't know if you have seen that a forum member's bitcoin funds has been seized.
As the deal was through localbitcoin and "was not legal" it is a thread here but can't remember right now
He is legendary and you can read his story, i think username burw or similar like that.
But i think bitcoin is much better that banks but both have pros and cons.

Bank is more practical because its the system everything is built around, but Bitcoin solve so many issues and concerns with Fiat and especially country-specific Fiat that it has its place alongside common currency for sure.

Depending on what you plan is for your currency. Bank AND a Bitcoin wallet is probably the way to go. If its something specific like holding over a long time, it is probably best to use cold storage bitcoin wallet.
there will always some people who says bitcoin wallets is the future bla bla but i dont think so . banks will never disappear and will always be more interested to people then bitcoin wallets will ever be money is real coins just funny.
full member
Activity: 196
Merit: 100
May 25, 2016, 02:18:49 AM
I think Bitcoin better bank. Banks are dependent on many causes, liquidity, economic situation, etc., and even in my opinion a political one.
Bitcoin is decentralized and is used everywhere, bypassing the intermediary and the bureaucracy, moreover, is available 24 hours a day. However, no one knows what will happen to him in the future, I mean price. However, the same with conventional money in countries with unstable or troubled economy. But do not all of their savings in invest to Bitcoin, you need to keep and fiat, just in case.
This is my opinion.
hero member
Activity: 658
Merit: 500
May 24, 2016, 07:20:07 PM
if you want to know witch one is save you can use the bank if you want to know witch one is more profitable you can use the bitcoin wallets. so there are positive ways for the bank and some positive things for the bitcoin wallets use them both and you will see by your self.
Lol I just know if bitcoin wallet can give you the advantage and profit?
how I can profit from bitcoin wallet? is it possible they can feed that interest when you save bitcoin in a wallet?
maybe I corrected. bitcoin and bitcoin wallet is different dude?
legendary
Activity: 2464
Merit: 1102
May 24, 2016, 03:22:21 PM
I will choose both as I need both of them, as if I need loan then only bank can help me getting loan from bitcoin is not convenient for me, I will use both of them according to my needs.

yeah, i will also choose both of them because both are needed.

although that would have been so good if there was a chance to have a bank and still use bitcoin like investing bitcoin as a deposit in bank for profit.
Yes true both are needed. We need to accommodate bitcoin bitcoin wallet that we collect, and we need banks to make bitcoin we collect into money and can be used. We still need both.
Yes the purpose of bank and bitcoin wallet differs. Because, due to lack of bitcoin adaption in many country we can not compare both of them and choose only one of them as per present situations. So, people's choice will desire to go whether to bitcoin or bank.
In developing countries we still need long time for adopting bitcoin so most of peoples depend on banks and its need very long time for this

In developing countries only banks and fiat can take care of the people as they are convenient using it and they are using it since really very long time.
sr. member
Activity: 252
Merit: 250
May 24, 2016, 03:18:53 PM
I will choose both as I need both of them, as if I need loan then only bank can help me getting loan from bitcoin is not convenient for me, I will use both of them according to my needs.

yeah, i will also choose both of them because both are needed.

although that would have been so good if there was a chance to have a bank and still use bitcoin like investing bitcoin as a deposit in bank for profit.
Yes true both are needed. We need to accommodate bitcoin bitcoin wallet that we collect, and we need banks to make bitcoin we collect into money and can be used. We still need both.
Yes the purpose of bank and bitcoin wallet differs. Because, due to lack of bitcoin adaption in many country we can not compare both of them and choose only one of them as per present situations. So, people's choice will desire to go whether to bitcoin or bank.
In developing countries we still need long time for adopting bitcoin so most of peoples depend on banks and its need very long time for this
legendary
Activity: 1652
Merit: 1057
May 24, 2016, 02:43:39 PM
I will choose both as I need both of them, as if I need loan then only bank can help me getting loan from bitcoin is not convenient for me, I will use both of them according to my needs.

yeah, i will also choose both of them because both are needed.

although that would have been so good if there was a chance to have a bank and still use bitcoin like investing bitcoin as a deposit in bank for profit.
Yes true both are needed. We need to accommodate bitcoin bitcoin wallet that we collect, and we need banks to make bitcoin we collect into money and can be used. We still need both.
Yes the purpose of bank and bitcoin wallet differs. Because, due to lack of bitcoin adaption in many country we can not compare both of them and choose only one of them as per present situations. So, people's choice will desire to go whether to bitcoin or bank.
legendary
Activity: 1008
Merit: 1000
May 24, 2016, 02:33:55 PM
Bitcoin Wallet in my opinion, because banks could do some fucked up stuff and you couldn't prove it. For instance: losing your bitcoins.

If your bank account gets hacked then bank will stand in support of you and help you in recovering your money but that same doesn't go with bitcoin wallet.
sr. member
Activity: 252
Merit: 250
May 24, 2016, 02:33:05 PM
in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account Roll Eyes
You are right but in many cases they allow users to withdraw coins and then they close account they are not freezing with coins in all cases
newbie
Activity: 3
Merit: 0
May 24, 2016, 02:30:48 PM
Bitcoin Wallet in my opinion, because banks could do some fucked up stuff and you couldn't prove it. For instance: losing your bitcoins.
hero member
Activity: 784
Merit: 500
May 24, 2016, 01:02:30 PM
in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account Roll Eyes
hero member
Activity: 770
Merit: 500
Bazinga!
May 24, 2016, 10:18:40 AM
Banks off course what do you want to do with an bitcoin wallet who is not even secured by something only by people who can steal your coins, no i dont use them becasuse i dont trust them so use the normal banks and you will see it is many times better.
You are funny, I think bitcoin is way more secure, because the fact is that banks are secured good but the bitcoin is controlled by yourself and good secured plus its even untraceable...

well people like him are too lazy to learn about bitcoin.
just reading a little bit about bitcoin and how to secure your coins can easily show him that bitcoin wallet is not as weak as he thinks.
he is most probably using an online wallet and that is why he says this.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
May 24, 2016, 10:12:11 AM
Banks off course what do you want to do with an bitcoin wallet who is not even secured by something only by people who can steal your coins, no i dont use them becasuse i dont trust them so use the normal banks and you will see it is many times better.
You are funny, I think bitcoin is way more secure, because the fact is that banks are secured good but the bitcoin is controlled by yourself and good secured plus its even untraceable...

Well look like you are just posting without putting some time to understand what the post really meant. If it's untraceable how come a transaction will be safe? Remember that a good security must traceable. You guys really don't know the cons of anonymous transaction.
hero member
Activity: 546
Merit: 500
May 24, 2016, 09:50:19 AM
Banks off course what do you want to do with an bitcoin wallet who is not even secured by something only by people who can steal your coins, no i dont use them becasuse i dont trust them so use the normal banks and you will see it is many times better.
You are funny, I think bitcoin is way more secure, because the fact is that banks are secured good but the bitcoin is controlled by yourself and good secured plus its even untraceable...
sr. member
Activity: 364
Merit: 250
May 24, 2016, 09:40:11 AM
the best thing you could use is a normal bank because with gold you can buy almost everything if you have enough off course instead of bitcoin wallet they are only here to store your coins and sometimes just to steal them for the online wallets. So use banks are many times saver.
sr. member
Activity: 350
Merit: 250
May 24, 2016, 09:31:34 AM
Banks off course what do you want to do with an bitcoin wallet who is not even secured by something only by people who can steal your coins, no i dont use them becasuse i dont trust them so use the normal banks and you will see it is many times better.
sr. member
Activity: 364
Merit: 250
May 24, 2016, 09:22:20 AM
I am using both now, bitcoin wallet is good, but i can't use it for shoping in physical supermakets and similar places. So using mastercard Grin
It's also the advantage especially when we need urgently the money as much as possible there's a backup money like ypu do a bitcoin wallet and an atm card to use .
Bitcoin wallet of course and that is because you also already can see now that the Bitcoin is becoming more popular and more digital so you can pay easily with it.
But not that many people knows about it so we have to promote it more so it will be also more used and that should be perfect.
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