Bank or Bitcoin Wallet? - page 132. | Bitcointalksearch.org

agustina2

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Quote from: jeniferqueen0409 on March 17, 2016, 09:35:15 AM

Bitcoin
Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions.

You have credit cards? If none stop saying non sense here.

For your info, credit cards are not that way. Transactions are instant. If the system is not like that in your location then maybe the system is really outdated lol.

kenot21

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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.

fruitcommander

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Quote from: jeniferqueen0409 on March 17, 2016, 09:35:15 AM

Bitcoin
Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions.

Yeah and I think bitcoin wallets are safe to store your bitcoins, as no one is aware how much coins you hold in your wallet and no one can have access to it.

jeniferqueen0409

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Bitcoin
Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions.

DeDordtenaar

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Quote from: Decoded on March 17, 2016, 07:01:22 AM

Bank, if you're in a first world country, and have nothing to fear the bank of. You can insure your safety of your funds South them, but if your wallet gets hacked, you have no one do blame, nor anyone to claim compensation from, hot yourself.

bitcoin decentralization so if you lose your bitcoin who should be responsible is yourself.
if you use a bank. certainly they will help you to return your money and take responsibility for this

harizen

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For support ➡️ help.bc.game

Quote from: avw1982 on March 17, 2016, 02:15:48 AM

Quote from: ausbit on March 16, 2016, 04:52:41 PM

Bitcoin wallet is good as its ery safe but still at a moment I would choose to use both of them as there are certain advantages that we get from banks which bitcoin cannot offer so I will use both of them.

Bitcoin is best one according to me, Bank are like a scammers who use to scam the people likewise bank use the money from the people and lend for the interest to the other people. But bitcoin is not like that, Its 100% transperent to all.

"But bitcoin is not like that, Its 100% transperent to all"

You sure of this?? Can you explain??

How lucky I am. The bank here is not like the bank there in your country.

GermanFoobla

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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.

Both are very good. But Bitcoin wallet will be of course more popular later in the future, because Bitcoin will be more used.
And that is very good. Bitcoin will be a good payment method and hopefully also the most used payment method.

Decoded

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give me your cryptos

Bank, if you're in a first world country, and have nothing to fear the bank of. You can insure your safety of your funds South them, but if your wallet gets hacked, you have no one do blame, nor anyone to claim compensation from, hot yourself.

genos

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Any store can buy, sell, and accept Crypto

Quote from: delliaerd on March 17, 2016, 02:20:32 AM

Quote from: n0ne on March 16, 2016, 05:53:10 AM

Both has its own security features. Only on necessity we need to choose. Now banks are needed same as bitcoin wallet. So having both keeps you comfortable.

When store a bitcoin use bitcoin wallet and then while wanna withdraw the balance, send it into bank. Correct me if I am wrong.

Yeah you're absolutely right , we can manage to use both of them. And makes different advantage each other.

delliaerd

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Quote from: n0ne on March 16, 2016, 05:53:10 AM

Both has its own security features. Only on necessity we need to choose. Now banks are needed same as bitcoin wallet. So having both keeps you comfortable.

When store a bitcoin use bitcoin wallet and then while wanna withdraw the balance, send it into bank. Correct me if I am wrong.

avw1982

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Quote from: ausbit on March 16, 2016, 04:52:41 PM

Bitcoin wallet is good as its ery safe but still at a moment I would choose to use both of them as there are certain advantages that we get from banks which bitcoin cannot offer so I will use both of them.

Bitcoin is best one according to me, Bank are like a scammers who use to scam the people likewise bank use the money from the people and lend for the interest to the other people. But bitcoin is not like that, Its 100% transperent to all.

nostal02

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Quote from: ausbit on March 16, 2016, 04:52:41 PM

Bitcoin wallet is good as its ery safe but still at a moment I would choose to use both of them as there are certain advantages that we get from banks which bitcoin cannot offer so I will use both of them.

I agree with you choosing both bitcoin and bank is the best way to keep your money.
This way that you are insured that if something goes wrong on either of them rest assured you wont end up being broke.

ausbit

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Bitcoin wallet is good as its ery safe but still at a moment I would choose to use both of them as there are certain advantages that we get from banks which bitcoin cannot offer so I will use both of them.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

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.

Yes with the increasing establishment of bitcoin now we not need any bank to save and secure our money there, as bitcoin is also performing the same job, with bitcoin our money is saved securely.

ronaldinho_07

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In the past people traded services and food for food and well they were able to create more then 10 childs at the same time,try to make it with the current system,sure they havent several beneficts,but i believe its more ilusion governments made them really advanced into a new era.Banks allow anyone to get money to use,but in the past they didtn have such and they were happy to have their space,technology made banks and taxes become a snowball.I wouldnt have an investment into the bank if i believed and bitcoin could offer me the same service,bitcoin returned the power to the people as some thousands years ago.

dragonusa9

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Quote from: HeroCat on March 16, 2016, 11:12:57 AM

Banks will start to use Bitcoins, it is future for them. Firstly will be one bank, then another and so on. And then Bitcoin market will expand, I think also Bitcoin price will be higher too. Wink

it's a really good news for people who use both of them, i think bitcoin wallet user will go into using bank for the more protection
and the prices still unknown if banks really start using bitcoins(maybe still fluctuate)

HeroCat

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Banks will start to use Bitcoins, it is future for them. Firstly will be one bank, then another and so on. And then Bitcoin market will expand, I think also Bitcoin price will be higher too. Wink

crossabdd

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Quote from: toolbox on March 16, 2016, 07:23:26 AM

Both are good and decent and wallet supports decentralization more while a bank will support security and trust in a central network idea, I prefer decentralization more than a central network.

both is good too for me, Bitcoin is very easy to use, low fee, the transaction is very fast, also we can use it as investmen. and bank make me comfortable and quiet, because the rate is fixed and the security is very high.

toolbox

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Both are good and decent and wallet supports decentralization more while a bank will support security and trust in a central network idea, I prefer decentralization more than a central network.

techalt

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I think it would be great for mass adoption for bitcoin if a big bank starts accepting and conducting transactions through bitcoin, I don't think that will happen anytime soon with the current economical system and how the world looks in general.

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