Bank or Bitcoin Wallet? - page 131. | Bitcointalksearch.org

ranlo

legendary

Activity: 1988

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Quote from: coinplus on March 17, 2016, 11:43:28 PM

Quote from: bitcoin-hunter on March 16, 2016, 03:35:00 AM

Quote from: jt byte on March 15, 2016, 05:58:35 AM

Quote from: CasioK on March 15, 2016, 02:20:36 AM

Quote from: DeDordtenaar on March 12, 2016, 09:42:19 AM

Quote from: kingntking on March 12, 2016, 05:44:23 AM

Bitcoin wallet and bank account are two different things with different purpose. If one occupy the other's purpose, then only one will survive. Hopefully it would be bitcoin wallet.

I do not think bitcoin wallet will be against with the bank. because the real game is bitcoin vs fiat. of course the winner will also impact on bitcoin wallet and bank

But, we have common name for system and unit, i.e bitcoin. So, the real war can be both bitcoin vs fiat and bitcoin vs bank.
Bitcoin is going to win this war sooner or later but the fittest bitcoin will survive for sure.

Well its difficult to say the banks are also strong, I must say the bitcoin is already a step further than banks because its fully digital.
But its also the fact you have to keep in mind the bitcoin is still not stable and banks can have influence for sure, no doubts about that.

Overall I think the bitcoin can win but it will be a long journey!

The banks will disappear later in the future I think, because of Bitcoin. Because Bitcoin and the online wallets are now more used and that is very good for Bitcoin.
The normal banks are now reducing. And of course many people need their banks, so they cant disappear now.

I think if the bitcoin ATM started everywhere in the world and many service providers for ATM cards like visa and master start to load with bitcoin with relatively lower fees then definitely banks will disappear.

This will never happen. Most people don't trust cryptos because of all the negative stigmas it keeps having added to it. As long as people continue scamming and stealing, this isn't going to change at all.

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: bitcoin-hunter on March 16, 2016, 03:35:00 AM

Quote from: jt byte on March 15, 2016, 05:58:35 AM

Quote from: CasioK on March 15, 2016, 02:20:36 AM

Quote from: DeDordtenaar on March 12, 2016, 09:42:19 AM

Quote from: kingntking on March 12, 2016, 05:44:23 AM

Bitcoin wallet and bank account are two different things with different purpose. If one occupy the other's purpose, then only one will survive. Hopefully it would be bitcoin wallet.

I do not think bitcoin wallet will be against with the bank. because the real game is bitcoin vs fiat. of course the winner will also impact on bitcoin wallet and bank

But, we have common name for system and unit, i.e bitcoin. So, the real war can be both bitcoin vs fiat and bitcoin vs bank.
Bitcoin is going to win this war sooner or later but the fittest bitcoin will survive for sure.

Well its difficult to say the banks are also strong, I must say the bitcoin is already a step further than banks because its fully digital.
But its also the fact you have to keep in mind the bitcoin is still not stable and banks can have influence for sure, no doubts about that.

Overall I think the bitcoin can win but it will be a long journey!

The banks will disappear later in the future I think, because of Bitcoin. Because Bitcoin and the online wallets are now more used and that is very good for Bitcoin.
The normal banks are now reducing. And of course many people need their banks, so they cant disappear now.

I think if the bitcoin ATM started everywhere in the world and many service providers for ATM cards like visa and master start to load with bitcoin with relatively lower fees then definitely banks will disappear.

crypto_feed

newbie

Activity: 9

Merit: 0

Still bank because Bitcoin is not as secure as bank. Might change my view later when there come more secure hardware wallet.

BlockEye

legendary

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Bounty Mngr & Article Writer https://goo.gl/p4Agsh

Quote from: MGM on March 17, 2016, 05:34:56 PM

Coinbase, Circle can probably be trusted more than some small banks

They are different from each other and serves different purpose. I can walk-in and withdraw my money in a nearby small bank and you can run after them if all of a sudden they close. While with Coinbase if site is down, you can fly all the way from your country to Coinbase HQ to file a dispute if you know the address.

ronaldinho_07

sr. member

Activity: 476

Merit: 250

Nope i doubt any business related to bitcoin should act as bank,they can offer the interest,same as some exchanges are doing,protecting your capital and allowing it to grow,with the rule to cant cashout any ammount before makes the repayment and pay the fee.The banks has much more capital to risk and to lend,soo they,give you a big time to repay and you pay a bigger fee over the time.

MGM

full member

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Coinbase, Circle can probably be trusted more than some small banks

crairezx20

legendary

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I think banks still the best and safe than bitcoin because its onlinethere's a possiblity that the price goes down or bitcoin will be crash back to $100
So you lose your money.. so its better to stay your money ifrom the banks because its safe..

jula551

newbie

Activity: 42

Merit: 0

I am still use bank to save my moneys, it got interests and much more safer than bitcoin. banks are still the real node in global finance.

stromma44

hero member

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Merit: 1000

Quote from: coinzat on March 17, 2016, 01:43:58 PM

Quote from: jack1111 on March 17, 2016, 01:41:29 PM

I think wallet is better because it is easy to send and receive money , and sometimes more secure than a bank , but the best thing is that bitcoin transaction is anonymous

bitcoin transactions are not anonymous at all. All the transations that have ever made from the beginning of btc are in the blockchain and can be traced back easily
only the addresses owners are anonymous

That is the reason people are more comfortable in using bitcoin nowadays as your identity is not disclosed and no one knows how much money you hold in your digital wallet Grin

coinzat

sr. member

Activity: 434

Merit: 250

Young but I'm not that bold

Quote from: jack1111 on March 17, 2016, 01:41:29 PM

I think wallet is better because it is easy to send and receive money , and sometimes more secure than a bank , but the best thing is that bitcoin transaction is anonymous

bitcoin transactions are not anonymous at all. All the transations that have ever made from the beginning of btc are in the blockchain and can be traced back easily
only the addresses owners are anonymous

jack1111

hero member

Activity: 924

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I think wallet is better because it is easy to send and receive money , and sometimes more secure than a bank , but the best thing is that bitcoin transaction is anonymous

celic95

member

Activity: 61

Merit: 10

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

Ulloa

sr. member

Activity: 364

Merit: 250

I would go for the bitcoin wallet because its much faster with transactions and also much safer.
I also like the fact no back involved because it always feels like they are watching you.

KFCBTC

full member

Activity: 153

Merit: 100

IMO both are different and necessary in a way to co-exist you can not use your bank account where you can use your bitcoin wallet banks have lot of limitations and rules for example with my bank i can not send more then 1000$ in 24 hours which is a pain and also i can not store to much money in bank they will ask questions

lolgato1

sr. member

Activity: 793

Merit: 250

I think most people use both as I use my bank to store my cash and my bitcoin wallet to store bitcoins. Grin

benmartin613

full member

Activity: 168

Merit: 100

Both are good way to save your money.
Bitcoin wallet is good if you want to have a fast transaction to receive payments.
Bank is fairly the safe way for me to store all my money.

BlueStackz

legendary

Activity: 1204

Merit: 1028

Quote from: secone on March 15, 2016, 10:24:07 PM

Quote from: ivanst776 on March 15, 2016, 09:31:34 PM

Quote from: n691309 on March 15, 2016, 03:38:30 PM

Recently i have moved my saved money mostly to bitcoin, i have put 70% on bitcoin and 30% on my local bank for any emergency use, so currently i like more the bitcoin wallet, hope to get a bitcoin debit card soon which would be better.

bitcoin is better then banks because we can control fully our money. we don't need any ban's help to save our money and invest them. everyone is his own bank in bitcoin wallets. and now with debit card , using bitcoin is more reliable and easy.

but we need pysichal currency for daily usage, we can't use bitcoin every where, in some village you can't acces internet conection, you can't acces your bitcoin and bank account, so the best option is use fiat. use pysichal wallet.

You are also true we need some fiat on that places where internet is not available but we here are comparing among bank and bitcoin, if a community has large amount of money they want to secure it then they will need bank and if bank can reach to an area then why not internet.

TrueCryptoinere

sr. member

Activity: 250

Merit: 250

If you invest your BTC into a high quality cold wallet or hard drive to store your cold wallet, if definitely recommend a bitcoin wallet. The wallet is secure, and if you have a copy of your private key or a paper wallet somewhere, you can recover it if your hard drive fails.\

Banks, sure they are safe, but they can close if you look at it like that.

nejibens

hero member

Activity: 672

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Quote from: kenot21 on March 17, 2016, 09:57:36 AM

For me i prefer bitcoin because it gives me a full control of my money without having to worry about the bank if it run away or get bankrupt.

I prefer Bitcoin as well, but nowadays we are forced to use banking services in addition with Bitcoin's wallets, because many marketplaces online not supporting Bitcoin till now as payment processor

CasioK

hero member

Activity: 826

Merit: 1000

Quote from: ivanst776 on March 15, 2016, 09:31:34 PM

Quote from: n691309 on March 15, 2016, 03:38:30 PM

Recently i have moved my saved money mostly to bitcoin, i have put 70% on bitcoin and 30% on my local bank for any emergency use, so currently i like more the bitcoin wallet, hope to get a bitcoin debit card soon which would be better.

bitcoin is better then banks because we can control fully our money. we don't need any ban's help to save our money and invest them. everyone is his own bank in bitcoin wallets. and now with debit card , using bitcoin is more reliable and easy.

And the other benefit is that with bitcoin we do not have to pay high taxes and fees of transaction, and we do not have to provide any documents and proofs for our money and transactions.

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