Bank or Bitcoin Wallet? - page 123. | Bitcointalksearch.org

umaOuma

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Quote from: expert4knowledge on March 31, 2016, 08:59:23 AM

Quote from: avw1982 on March 28, 2016, 03:08:41 PM

Quote from: Nimbulan on March 28, 2016, 02:41:52 PM

i use both of them because i believe that bitcoin is a really safe way to hold your money into and its a good investment option

while bank wallet is a really great thing for fast checking out in shops or online shops

Not all people use bitcoin to send or receive payments. The number of people is very small comparing to number of people that use banks.
I think to use both of them, bitcoin mostly if you use it more often and bank for rare transaction. Sure as you expect bitcoin wallet will come to normal groceries as well.

Bitcoin may have some advantages over bank for money transfer and the most important of them is lack of transfer fee compared to money transfer for banks.

Bitcoins is best when it comes to online transfers as it involves very less fees and credits are too fast in compare to banks and that is the reason people prefer it.

expert4knowledge

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Quote from: avw1982 on March 28, 2016, 03:08:41 PM

Quote from: Nimbulan on March 28, 2016, 02:41:52 PM

i use both of them because i believe that bitcoin is a really safe way to hold your money into and its a good investment option

while bank wallet is a really great thing for fast checking out in shops or online shops

Not all people use bitcoin to send or receive payments. The number of people is very small comparing to number of people that use banks.
I think to use both of them, bitcoin mostly if you use it more often and bank for rare transaction. Sure as you expect bitcoin wallet will come to normal groceries as well.

Bitcoin may have some advantages over bank for money transfer and the most important of them is lack of transfer fee compared to money transfer for banks.

DeDordtenaar

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Quote from: expert4knowledge on March 31, 2016, 07:18:07 AM

Quote from: Ardenyham on March 29, 2016, 11:21:00 AM

I don't see why anyone related and already knows about bitcoin would choose to use a bank with it, Bitcoin is based on the decentralization concept IMO and it being centralized with a bank would take the purpose away, Also you are your own bank with bitcoin, You don't get an interest but you can keep your own coins in your own possession.

It is about investing low risk or high risk and people are scared to lose their money although it may be good if we invest some money in bank and some in wallet.

I think less likely for the bank to be a scam. so the risk to save money in the bank is very small
and earning interest on bank I think it is worth a try
try to use the bank from the government

harizen

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Why people here still insisting that they have the control of their money/bitcoin even they are using web wallets?

Owning the coin means you are in control of it. If you are using web wallet then definitely you aren't the one who controls it.

draceus

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Quote from: expert4knowledge on March 31, 2016, 07:18:07 AM

Quote from: Ardenyham on March 29, 2016, 11:21:00 AM

I don't see why anyone related and already knows about bitcoin would choose to use a bank with it, Bitcoin is based on the decentralization concept IMO and it being centralized with a bank would take the purpose away, Also you are your own bank with bitcoin, You don't get an interest but you can keep your own coins in your own possession.

It is about investing low risk or high risk and people are scared to lose their money although it may be good if we invest some money in bank and some in wallet.

You don't worry my friend about bitcoin wallet, There are nothing risk It was right and it will be always right because If you are looking there bitcoin community is not cheating with people, Its character is mustily becoming better than other so you can keep there your money.

greBit

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Quote from: nejibens on March 31, 2016, 07:20:10 AM

I use bank and bitcoin wallet as well, because already we need both i think

I prefer both. Some people will have question regarding bitcoin.,....just relax both are same.....If you have btc wallet it is very safe as bank.

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Quote from: tampazeus on March 31, 2016, 07:44:14 AM

Quote from: agustina2 on March 31, 2016, 07:39:23 AM

Quote from: Ardenyham on March 29, 2016, 11:21:00 AM

I don't see why anyone related and already knows about bitcoin would choose to use a bank with it, Bitcoin is based on the decentralization concept IMO and it being centralized with a bank would take the purpose away, Also you are your own bank with bitcoin, You don't get an interest but you can keep your own coins in your own possession.

You are into bitcoin that's why you have a stand like that. Same as well with those into banks. You can never understand both of them if you are only engage in one room and your case that is bitcoin wallet. If you are only looking at the centralization and owning the money factor then you are really lacking knowledge how bank works.

Yeah banks are more powerful in compare to bitcoins and it will be more powerful in future too, and if bitcoin becomes a global currency banks will always survive.

for the moment the bank is a guarantee fund of funds. the government guarantees all. but in the future will be a guarantee that bitcoin bitcoin is a trusted payment media and at me by various circles.

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Quote from: agustina2 on March 31, 2016, 07:39:23 AM

Quote from: Ardenyham on March 29, 2016, 11:21:00 AM

I don't see why anyone related and already knows about bitcoin would choose to use a bank with it, Bitcoin is based on the decentralization concept IMO and it being centralized with a bank would take the purpose away, Also you are your own bank with bitcoin, You don't get an interest but you can keep your own coins in your own possession.

You are into bitcoin that's why you have a stand like that. Same as well with those into banks. You can never understand both of them if you are only engage in one room and your case that is bitcoin wallet. If you are only looking at the centralization and owning the money factor then you are really lacking knowledge how bank works.

Yeah banks are more powerful in compare to bitcoins and it will be more powerful in future too, and if bitcoin becomes a global currency banks will always survive.

agustina2

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Quote from: Ardenyham on March 29, 2016, 11:21:00 AM

I don't see why anyone related and already knows about bitcoin would choose to use a bank with it, Bitcoin is based on the decentralization concept IMO and it being centralized with a bank would take the purpose away, Also you are your own bank with bitcoin, You don't get an interest but you can keep your own coins in your own possession.

You are into bitcoin that's why you have a stand like that. Same as well with those into banks. You can never understand both of them if you are only engage in one room and your case that is bitcoin wallet. If you are only looking at the centralization and owning the money factor then you are really lacking knowledge how bank works.

benmartin613

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Quote from: nejibens on March 31, 2016, 07:20:10 AM

I use bank and bitcoin wallet as well, because already we need both i think

I also do this having both is needed so that your money is a safe place in case the other one has trouble you still have money left.

nejibens

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I use bank and bitcoin wallet as well, because already we need both i think

expert4knowledge

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Quote from: Ardenyham on March 29, 2016, 11:21:00 AM

I don't see why anyone related and already knows about bitcoin would choose to use a bank with it, Bitcoin is based on the decentralization concept IMO and it being centralized with a bank would take the purpose away, Also you are your own bank with bitcoin, You don't get an interest but you can keep your own coins in your own possession.

It is about investing low risk or high risk and people are scared to lose their money although it may be good if we invest some money in bank and some in wallet.

Ardenyham

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I don't see why anyone related and already knows about bitcoin would choose to use a bank with it, Bitcoin is based on the decentralization concept IMO and it being centralized with a bank would take the purpose away, Also you are your own bank with bitcoin, You don't get an interest but you can keep your own coins in your own possession.

torrentheaven

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Quote from: CasioK on March 29, 2016, 07:57:21 AM

Quote from: Supercrypt on March 29, 2016, 03:39:29 AM

Quote from: jkrules on March 25, 2016, 09:38:30 PM

Quote from: storyrelativity on March 25, 2016, 09:07:40 PM

For me if I choose btc wallet or bank. I choose btc . because btc increase the price in the market to make profit. While bank my money will not increase . bank will have tax my money will going down. !

I prefer the bitcoin wallet than the bank, the reason being the usefulness of bitcoin wallet is more simple than the bank, and how to make it easier to make bitcoin wallet because it does not require detailed identity, while banks require detailed identity

But still many people do not understand how bitcoin works and how simple, bitcoin system is to get start with. That is the reason they are still struggling with their bank account for their financial needs. Only the unawareness of bitcoin makes many people still sticking with bank accounts.

That's true many people are still not aware of what is bitcoin. They are simply treating bitcoin as some schemes for investment purpose only. But once people get to know how bitcoin will replace bank then they will definitely switch over.

Even if we see higher adoption of bitcoin in future but there will be many people who will continue using bank services as they are used to it and they find it more convenient.

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Quote from: CasioK on March 29, 2016, 07:57:21 AM

That's true many people are still not aware of what is bitcoin. They are simply treating bitcoin as some schemes for investment purpose only. But once people get to know how bitcoin will replace bank then they will definitely switch over.

Can you detailed here some nice information and facts why people will replace bank after getting knowing the things you are pointing too?

It's just in you. Make it as a general and involved all things globally.

CasioK

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Quote from: Supercrypt on March 29, 2016, 03:39:29 AM

Quote from: jkrules on March 25, 2016, 09:38:30 PM

Quote from: storyrelativity on March 25, 2016, 09:07:40 PM

For me if I choose btc wallet or bank. I choose btc . because btc increase the price in the market to make profit. While bank my money will not increase . bank will have tax my money will going down. !

I prefer the bitcoin wallet than the bank, the reason being the usefulness of bitcoin wallet is more simple than the bank, and how to make it easier to make bitcoin wallet because it does not require detailed identity, while banks require detailed identity

But still many people do not understand how bitcoin works and how simple, bitcoin system is to get start with. That is the reason they are still struggling with their bank account for their financial needs. Only the unawareness of bitcoin makes many people still sticking with bank accounts.

That's true many people are still not aware of what is bitcoin. They are simply treating bitcoin as some schemes for investment purpose only. But once people get to know how bitcoin will replace bank then they will definitely switch over.

BitcoinsGreat

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Bitcoins wallet are little insure if you use them on web wallet.

ajun96

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Quote from: secone on March 28, 2016, 09:35:40 PM

Quote from: busybee7 on March 28, 2016, 03:36:07 PM

here are a lot of risks involved though if you will not risk big you will not earn big, so thats a good idea to invest i guess

besides that in my opinion bitcoin wallet is a way better thing that banks because it allows you to be a bank yourself

my opinion bitcoin wallet is not best option for long time, the price of bitcoin sometimes, for me i will choose bank for long term wallet for safe my money. but for small processor or daily usage i will choose bitcoin if my relation accept it.

I think for the activities of daily transactions I thought of using the bank is in need. you can use ATM
because most use to trade is in real life to buy food, buy daily need, etc
I think the banks would be in priority for daily activities

jennywhzz

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My vote for Bitcoin wallet. Its easy to use

KennyR

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Quote from: richardsNY on March 28, 2016, 03:21:49 PM

Quote from: expert4knowledge on March 28, 2016, 03:04:48 PM

Quote from: ashour on October 04, 2015, 05:33:58 PM

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.

I do not think that it is good you put all your money into bitcoin because of possible risks that this task has.

One should never put all their money in any kind of investment. Best is to have at least 50% of your money in your savings account, and the rest you can use to invest in something. That allows you to earn a certain amount of profit throughout the year. You just have to make sure that your money is growing.

That is a better plan to have investment in different forms. If something fails also we can compensate with the other earning or investment made in other form.

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