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Topic: Bank or Bitcoin Wallet? - page 117. (Read 230520 times)

sr. member
Activity: 350
Merit: 250
May 04, 2016, 12:39:00 PM
just dont stick with all your money at one place and you will be ok secure...
A have a few in my offline wallet, a few on xapo, a few on poloniex, a few on btcjam  Tongue

Both poloniex and btcjam gives me more money in lending, xapo for daily uses(card) and wallet for extra security purposes.
legendary
Activity: 1372
Merit: 1005
May 04, 2016, 12:38:38 PM
If it's about security, I'd go for bank.

If I'm after making profit by holding money, I'd go for bitcoin wallet and store the money in it.

If I'm lucky enough and the bitcoin rises, I'll be making some good profits. While the money stays the same in banks and pay only a little interest.

Low fees is one of the advantages bitcoin but for security reason bitcoin and bank have the same risk because i was heard some people lost their money when use online bank services because malware system...
full member
Activity: 126
Merit: 100
May 04, 2016, 12:37:18 PM
If it's about security, I'd go for bank.

If I'm after making profit by holding money, I'd go for bitcoin wallet and store the money in it.

If I'm lucky enough and the bitcoin rises, I'll be making some good profits. While the money stays the same in banks and pay only a little interest.
legendary
Activity: 2758
Merit: 1004
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May 04, 2016, 12:32:22 PM
probably better using bitcoin wallet .
why ? bitcoin is like investing if u saving your money 1k$ and u want take it some days maybe bitcoin price will be increased


If you only have $1k dont put it all in bitcoin yet since you might need it to buy food and rent.  Buy a little each week if you are investing Smiley
bank's security system is still better than bitcoin, but for entrepreneurs, I think bitcoin wallet is the best, because it can make us a profit when the price of bitcoin rose abruptly
hero member
Activity: 1246
Merit: 501
May 04, 2016, 12:27:57 PM
Yeah i think bank not trust bitcoin not yet. But iam sure thst bank can accepted btc someday Cheesy
legendary
Activity: 840
Merit: 1000
May 04, 2016, 12:26:05 PM
For me for safety purposes its better to save my money into bank but is not so secured and there's a possibility that the wallet will be down like coinbase. but if you really want to make profit with your money try to invest your money to buy more bitcoin because block halving is on july 11 and its nearly to be done...

July 11 is a lucky number of a lucky month and in a lucky year, you will find a hot news in that day, and will see the price of bitcoin increasing like a rocket towards sky, I am also buying and earning bitcoins and holding them in my wallet and waiting for the halving.

Everyone is waiting for halving but not a single person is sure that what will be the price of bitcoin at the time of halving, but lets hope that everything goes fine at that time.
full member
Activity: 177
Merit: 100
May 04, 2016, 12:22:39 PM
probably better using bitcoin wallet .
why ? bitcoin is like investing if u saving your money 1k$ and u want take it some days maybe bitcoin price will be increased


If you only have $1k dont put it all in bitcoin yet since you might need it to buy food and rent.  Buy a little each week if you are investing Smiley
full member
Activity: 224
Merit: 100
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May 04, 2016, 12:21:12 PM
probably better using bitcoin wallet .
why ? bitcoin is like investing if u saving your money 1k$ and u want take it some days maybe bitcoin price will be increased
hero member
Activity: 575
Merit: 500
May 04, 2016, 11:48:41 AM
For me for safety purposes its better to save my money into bank but is not so secured and there's a possibility that the wallet will be down like coinbase. but if you really want to make profit with your money try to invest your money to buy more bitcoin because block halving is on july 11 and its nearly to be done...

July 11 is a lucky number of a lucky month and in a lucky year, you will find a hot news in that day, and will see the price of bitcoin increasing like a rocket towards sky, I am also buying and earning bitcoins and holding them in my wallet and waiting for the halving.
sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
May 04, 2016, 10:52:40 AM
For me for safety purposes its better to save my money into bank but is not so secured and there's a possibility that the wallet will be down like coinbase. but if you really want to make profit with your money try to invest your money to buy more bitcoin because block halving is on july 11 and its nearly to be done...

Its  good to use both of them. both are useful,  do not be too small thoughts to use one, if both can be used simultaneously, why not?
Right now both have value and using only one at this time will not be a good thing.

yes the fact that both are needed, I could not pick one. because bitcoin is currently only alternative currency, so it must be converted to fiat money. so banks and bitcoin wallet for me is very important.
hero member
Activity: 588
Merit: 500
May 04, 2016, 10:42:06 AM
For me for safety purposes its better to save my money into bank but is not so secured and there's a possibility that the wallet will be down like coinbase. but if you really want to make profit with your money try to invest your money to buy more bitcoin because block halving is on july 11 and its nearly to be done...

Its  good to use both of them. both are useful,  do not be too small thoughts to use one, if both can be used simultaneously, why not?
Right now both have value and using only one at this time will not be a good thing.
newbie
Activity: 6
Merit: 0
May 04, 2016, 10:33:36 AM
I use a wallet, but i don't usally have much in it at once.
legendary
Activity: 2072
Merit: 1030
I'm looking for free spin.
May 04, 2016, 10:32:13 AM
For me for safety purposes its better to save my money into bank but is not so secured and there's a possibility that the wallet will be down like coinbase. but if you really want to make profit with your money try to invest your money to buy more bitcoin because block halving is on july 11 and its nearly to be done...
hero member
Activity: 672
Merit: 500
May 04, 2016, 10:29:16 AM
I would go for the bitcoin wallet without any doubts because you can transfer money globally and I have family members in other continents so that makes it easy for me.
Plus the bitcoin is also self controllable and no bank is involved.
hero member
Activity: 658
Merit: 501
Hackers please hack me .... if you can :)
May 04, 2016, 10:28:20 AM
Use a bitcoin wallet it is not 100% secure but it more safer than keeping it in the bank.
It is virtually there anyways just like bitcoin but at least you own a private key  Wink
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
May 04, 2016, 10:16:12 AM
If you have millions of money better to save it in a reputable bank. Because it is secure and if ever someone hacks your money to their bank. It is the banks responsibility to secure your money. Unlike bitcoins wallet if hackers hacked your wallet, there is no guarantee that bitcoin wallet websites will return the money that was lost to you.

And banks with stable financial institution can get your lost money because that is Central's banks terms that applied to the whole banks of the world. And when choosing a bank of course go on to a strong one that already built reputes for all time.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
May 04, 2016, 08:51:26 AM
As you can see now you see that the Bitcoin wallet is getting more popular and that is because there are now more users that is going to use Bitcoin and that is nice.
But the most people are also going to use Bitcoin as their payment method and also more people that is going to use the wallets and that is perfect.

The existing users of bitcoin will use bitcoin wallet for sure, but the people who are not aware  about the bitcoin yet will continue their journey using banking system, as it is more convenient for them.

Exactly. Of course those bitcoin enthusiasts will choose bitcoin over banks. But for a wise and open minded person they will choose both. Others just choose bitcoin because they really don't know how banks works and all their claims about negative issues banks is completely rubbish like frozen account, not cheap etc.
hero member
Activity: 1568
Merit: 502
May 04, 2016, 08:42:10 AM
Without hesitation I would pick bitcoin for one simple reason. Banks can freeze my account and money, but with bitcoin no one can freeze your coins.

True I agree.

But If consider for fiat currency it must need there for local trading in our local location. Bitcoin can also be used but need more awareness to user about accessibility.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
May 04, 2016, 08:39:32 AM
As you can see now you see that the Bitcoin wallet is getting more popular and that is because there are now more users that is going to use Bitcoin and that is nice.
But the most people are also going to use Bitcoin as their payment method and also more people that is going to use the wallets and that is perfect.

The existing users of bitcoin will use bitcoin wallet for sure, but the people who are not aware  about the bitcoin yet will continue their journey using banking system, as it is more convenient for them.
sr. member
Activity: 363
Merit: 250
May 04, 2016, 08:37:59 AM
I would prefer a bank account for just the normal gold. I can tel you why that's because bitcoins
are not save enough to pay with you don't have any warranty witch you have with gold. So use your normal bank account.
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