Bank or Bitcoin Wallet? - page 115. | Bitcointalksearch.org

Cyaren

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Quote from: ASHLIUSZ on May 07, 2016, 05:09:56 AM

Quote from: katiecbell on May 07, 2016, 12:54:57 AM

For bitcoin users,of course bitcoin wallet is better option. its simple to create,secure and small fee. as we know,bitcoin more popular and mass adoption,t would be advantage for us.

First thing to prefer bitcoin wallet is due to safety and security.second is its anonymity.

Very true. Anonymity is first for me, though. Actually, banks offer you better security than BTC, because you can reverse transactions in some cases. While bitcoins are irreversible, it also means that you won't get charged back on.

Anonymity is very important to me. Also you can create as many bitcoin addresses as you like in seconds, that amazes me.

ASHLIUSZ

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Quote from: katiecbell on May 07, 2016, 12:54:57 AM

For bitcoin users,of course bitcoin wallet is better option. its simple to create,secure and small fee. as we know,bitcoin more popular and mass adoption,t would be advantage for us.

First thing to prefer bitcoin wallet is due to safety and security.second is its anonymity.

Enotche

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Use diversification!
Keep part of the money in the bank, and the other part of the funds invest in Bitcoin. Bitcoin exchange rate is growing and will continue to rise, you benefit from this. But in the bank deposit yields very small percentage. Use the finances according to various situations. For example Bitcoin for online shopping.

ranlo

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Quote from: secone on May 06, 2016, 10:39:54 PM

Quote from: Doms on May 06, 2016, 09:38:55 AM

Banks are also trying to adopt to the changing times by introducing different services that help cater to the needs of their customers. Years from now, they may have a product which could rival bitcoin.

in fact some biggest bank now focus at blockchain technology and interesting to use blockchain system. maybe in future we can trace our bank transaction at blockchain.

I'm hoping their integration of this technology is done in such a way that they allow their clients to help secure their blockchains. For example, pay out $x per block and then let people help mine blocks, where you get paid as a result. Cuts down the cost for the banks and helps clients earn as well. Win-win.

katiecbell

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For bitcoin users,of course bitcoin wallet is better option. its simple to create,secure and small fee. as we know,bitcoin more popular and mass adoption,t would be advantage for us.

italianobitcoin

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Quote from: 18xk5oT2rLrAc24SL96XT14BX on May 06, 2016, 01:12:56 PM

Quote from: addy boy on October 04, 2015, 12:05:29 PM

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

you still need banks to live your life and pay the bills and everyday things but you can keep Bitcoin as a long term investment.

If people are going to use Bitcoin than they will of course use the Bitcoin Wallet because there are a lot of people that likes also to use Bitcoin wallet and that is nice.
Around this time you also see that banks hate now Bitcoins because banks will be less used and that is bad for them.

secone

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Quote from: Doms on May 06, 2016, 09:38:55 AM

Banks are also trying to adopt to the changing times by introducing different services that help cater to the needs of their customers. Years from now, they may have a product which could rival bitcoin.

in fact some biggest bank now focus at blockchain technology and interesting to use blockchain system. maybe in future we can trace our bank transaction at blockchain.

18xk5oT2rLrAc24SL96XT14BX

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Quote from: addy boy on October 04, 2015, 12:05:29 PM

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

you still need banks to live your life and pay the bills and everyday things but you can keep Bitcoin as a long term investment.

chaosknight

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Quote from: Doms on May 06, 2016, 09:38:55 AM

Banks are also trying to adopt to the changing times by introducing different services that help cater to the needs of their customers. Years from now, they may have a product which could rival bitcoin.

Banks can never produce any innovative product like bitcoin but they will enjoy the monopoly in future too as they hold maximum number of users.

Doms

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Banks are also trying to adopt to the changing times by introducing different services that help cater to the needs of their customers. Years from now, they may have a product which could rival bitcoin.

agustina2

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Quote from: senyorito123 on May 06, 2016, 09:06:00 AM

Quote from: fravia on May 06, 2016, 09:01:26 AM

Quote from: addy boy on October 04, 2015, 12:05:29 PM

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

bitcoin wallet only, would be dumb to choose banks as they earn money from you, and for example if something would went wrong, banks probably wouldn't have enough money to give it back to you

while in bitcoins wallet you have to be careful to not lose codes and so but it is still much better than banks, and bitcoin price can rise so we can even win some money

In my opinion also banks is more safer to put your money at even they lose or file bankkrupt they have bank insurance to pay their investors but if you put your money in banks ypur money will slowly multiply low annually but atleast it safe while putting your wallet in bitcoin wallet is very risky because its floating wallet and anyone can attempt hack your account.

That is really technical. Others don't know how powerful bank is. Just because they are comfortable in bitcoin they sees bank as not as important as bitcoin. Bitcoin really has a lone role so better use both of them.

senyorito123

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Quote from: fravia on May 06, 2016, 09:01:26 AM

Quote from: addy boy on October 04, 2015, 12:05:29 PM

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

bitcoin wallet only, would be dumb to choose banks as they earn money from you, and for example if something would went wrong, banks probably wouldn't have enough money to give it back to you

while in bitcoins wallet you have to be careful to not lose codes and so but it is still much better than banks, and bitcoin price can rise so we can even win some money

In my opinion also banks is more safer to put your money at even they lose or file bankkrupt they have bank insurance to pay their investors but if you put your money in banks ypur money will slowly multiply low annually but atleast it safe while putting your wallet in bitcoin wallet is very risky because its floating wallet and anyone can attempt hack your account.

fravia

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Quote from: addy boy on October 04, 2015, 12:05:29 PM

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

bitcoin wallet only, would be dumb to choose banks as they earn money from you, and for example if something would went wrong, banks probably wouldn't have enough money to give it back to you

while in bitcoins wallet you have to be careful to not lose codes and so but it is still much better than banks, and bitcoin price can rise so we can even win some money

machinek20

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i use both , but i most prefer to use bitcoin online to buy and receive online

agustina2

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Quote from: knowhow on May 05, 2016, 04:28:32 PM

Quote from: agustina2 on May 05, 2016, 06:53:55 AM

Quote from: HarryKPeters on May 05, 2016, 06:38:55 AM

Quote from: ?? on ??

Blockchain is also like a online bank, there are bitcoin ATMs also.
and bank and bitcoins both are different
bank can be limited for a country or state only. bitcoin is worldwide.
and banks are afraid because more and more big transactions are going with bitcoins, so bank's value is going down.

Banks are stilling making billions of profit but there will come a taem some new setup will challange them. Right now all our hopes on onto bitcoin.

No I don't putting all my hope in bitcoin. You must understand that bitcoin and bank has it's own role in financial institution. Both has pros and cons. Bitcoin can't be used all the time and you must accept this fact.

As long you have funds ,meaning bitcoins you can spend and use them anytime there is no holidays bitcoin works 24hours all days since borned,i agree both has their advantages against each other.Banks has the people support holding fortunes ,and charging high fees to manage your money and giving interest,bitcoin charges low fees ,allow you to get some interest as well and is used by some people already but far away to be such popular as banks.

Charging high fees to managed people's money?? What bank is that?? Can you show some proofs about your claim here?? You are putting yourself in a hotseat. You have a experienced having a bank account?

Also, I can use my banking funds 24/7 a day. Even in province I can use my bank services because lots of ATM now has been established even in province. If only I have my bitcoin on hand, well look like I will don't have an emergency respond whenever Im on out of town.

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Quote from: Shibashi Dogemoto on May 06, 2016, 03:00:39 AM

I will use both as both holds its unique advantages and can be helpful according to our needs, for online transfers I will use bitcoin and for day to day transactions bank is the best.

This is 100 percent correct my mate both have there own qualities and securities. We can not say which is great and which one is safe it's up to you. But more people will like Bank only because it's too hold storage our past generation like this more but now new generation like Buitcoin wallet because it is very to use and save our money. According to me Bank is more safer than Bitcoin wallet because if anything happen Bank will take care seriously and resolve our problem in Bitcoin the customer support is bit slow i think.

Shibashi Dogemoto

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I will use both as both holds its unique advantages and can be helpful according to our needs, for online transfers I will use bitcoin and for day to day transactions bank is the best.

killer5

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Both hold their unique qualities and they serve for different purposes .as of now most of them use banks for savings and exchanges and bitcoin is more convenient compared to banks in case of transactions and bitcoin is more user friendly compared to banks. as the time changes the bitcoin will come into more popularity and as the growing market and then people may convert their fiat money into bitcoin but even that happens we cannot close our banks.we could use just both as equal.

Bluebus

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