Bank or Bitcoin Wallet? - page 124. | Bitcointalksearch.org

haileysantos95

full member

Activity: 168

Merit: 100

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.

Most people wont believe in digital currency as they think it can be hacked like any other web site or just simply hacking your computer,but in bank they feel safe because they are the one who can only withdraw the money.

Supercrypt

legendary

Activity: 1554

Merit: 1054

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.

RealPhotoshoper

legendary

Activity: 1050

Merit: 1001

Quote from: zerocharisma on March 28, 2016, 09:46:28 PM

For me i choose bitcoin. because using bitcoin you can transact faster, much easier and with a low transaction fee. It is also easy very easy to make a wallet and secure. Banks are not so bad, they are also secure but creating an account in the bank take too much time.

good reason to pick bitcoin wallet than bank. but i just wondering how if bank also have better service like bitcoin,i mean how if bank also serve creating account like bitcoin wallet,would you interest?

hendra147

hero member

Activity: 644

Merit: 509

Quote from: jkrules on March 29, 2016, 02:06:50 AM

Quote from: Zuminest on March 29, 2016, 01:19:48 AM

digital currencies are relatively new and untested medium of exchange and anonymous.. in bitcoin sales taxes are not added onto any purchases.. since bitcoin transactions have no government involvement, the cost of transacting are very low.. because of all these bitcoin wallet is the best..

I prefer to have both. bitcoin price is currently going up and bank accounts for my everyday normal needs.

of course both of them is good option, we can use bitcoin everywhere because the merchand is limited, so we need local currency as daily payment, so we need bank for save our money Wink

jkrules

full member

Activity: 210

Merit: 100

Quote from: Zuminest on March 29, 2016, 01:19:48 AM

digital currencies are relatively new and untested medium of exchange and anonymous.. in bitcoin sales taxes are not added onto any purchases.. since bitcoin transactions have no government involvement, the cost of transacting are very low.. because of all these bitcoin wallet is the best..

I prefer to have both. bitcoin price is currently going up and bank accounts for my everyday normal needs.

Zuminest

full member

Activity: 169

Merit: 100

digital currencies are relatively new and untested medium of exchange and anonymous.. in bitcoin sales taxes are not added onto any purchases.. since bitcoin transactions have no government involvement, the cost of transacting are very low.. because of all these bitcoin wallet is the best..

zerocharisma

full member

Activity: 224

Merit: 100

For me i choose bitcoin. because using bitcoin you can transact faster, much easier and with a low transaction fee. It is also easy very easy to make a wallet and secure. Banks are not so bad, they are also secure but creating an account in the bank take too much time.

storyrelativity

member

Activity: 98

Merit: 10

★YoBit.Net★ 350+ Coins Exchange & Dice

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.

My opinion is bitcoin can make a huge profit in the future or this year. Do u think bank are also safe ? No one knows bank can be bankrupt. Where is ur money if bank was bakcrupt your money loss. Thats my opinion . I respect ur opinion also. Thanks and godbless us. Make profit in the future Wink

secone

hero member

Activity: 700

Merit: 501

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.

nostal02

member

Activity: 112

Merit: 10

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

there 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

Being a bank by yourself means they cant control you money and that is the thing in bitcoin because banks used our money in investment and they get bankrupt our money is gone.

busybee7

full member

Activity: 224

Merit: 100

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.

there 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

richardsNY

legendary

Activity: 1232

Merit: 1091

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.

avw1982

hero member

Activity: 644

Merit: 500

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.

expert4knowledge

hero member

Activity: 826

Merit: 1000

The All-in-One Cryptocurrency Exchange

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.

Nimbulan

hero member

Activity: 658

Merit: 500

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

lister storm

hero member

Activity: 770

Merit: 500

Quote from: ?? on ??

btc is more economic than classi bank system.... why choose bank system I don't know!

well it is way more mainstream right now and all the people now seem to be liking bank payments as they dont like new technologies

in my opinion it is better to go with bitcoin wallet as you can be your own bank and dont need the others

darewaller

hero member

Activity: 2996

Merit: 640

Quote from: romero121 on March 23, 2016, 11:34:35 PM

Quote from: martinacar on March 23, 2016, 03:40:32 PM

I'm going for the bitcoin wallet because the security of it is much better, my bank is down a lot and I can do nothing if I want to pay something.
With the bitcoin I never had this problem and its also much faster.

Banking too have high security. The problem is it can be accessed by bank professional's. As wallet is considered as our own bank it's one step ahead in security than banking. So both are required at present.

Yes, that is the present scenario. A common man will need both bank and bitcoin wallet. Because when security and convenient are concerns, we need both bank account and bitcoin. Once bitcoin is more popular than we can simply switch over completely bitcoin by ignoring bank accounts.

kmajosa98

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

btc is more economic than classi bank system.... why choose bank system I don't know!

Bitcoin with banks have different functions according to me. At the bank we can borrow money but in bitcoin as far as I can not borrow money.

Kevin77

legendary

Activity: 1652

Merit: 1057

Quote from: BlueStackz on March 26, 2016, 03:38:17 AM

Quote from: simonloff on March 23, 2016, 09:06:00 AM

Well, bank is extremely different from bitcoins and bitcoins has some other advantages. That's why I love using bitcoins since you are your own bank, I don't see a need to insert a medium authority and it would change the very concept of bitcoins IMO.

The difference between bank and bitcoin wallet are just advantages of bitcoin system. These differences will make people to get into a better system, which is currently in the format as bitcoin wallets.

Yes, when people in future searching for more convenient and better banking environment, then they will find out bitcoin as their most flexible and suitable banking system. Bitcoin would be the future banking system for all the people worldwide.

jt byte

hero member

Activity: 994

Merit: 500

Quote from: kenot21 on March 27, 2016, 04:26:34 AM

For me, i will choose bitcoin. Because bitcoin are much faster, secure and takes no time to make your own wallet. Also you don't need to have a remaining balance and you can store how much you like, no minimum needed. Banks takes much time to apply and they need so many papers, some of them you can't withdraw all of you're money.

Indeed, the bitcoin wallet is just much better to choose due to the facts its untraceable and its also very safe to use these days.
You can pay globally with it and you can see a lot of stores are upcoming these days plus if you want to give a friend some cash its in a couple minutes in his wallet mostly.

Topic: Bank or Bitcoin Wallet? - page 124. (Read 230520 times)