I would like to keep bitcoin as it is with wallets, because banks are just a poster sign for centralization and I like the bitcoin of now with no central authority and no control of the network.. Banks are nice because they offer interest but bad for the network overall.
I would like that too, banks and bitcoin are two separate systems and they should stay that way and while banks offers interests bitcoin offers reevaluation against fiat. 
Topic: Bank or Bitcoin Wallet? - page 16. (Read 230431 times)
It would be wrong to say that one of the best options for storing money. Banks can not replace bitcoin wallets, equivalent to a bitcoin wallets will not be able to perform the functions of banks. It functions because the banks is not only safe but also other operations.
What do you mean banks are not safe here in my country the most secured to restore our money is banks and if they are bankrupt they should still repay for those who has savings account.. And we need them we can not exchange our bitcoin if there is no banks because here in my country we can withdraw bitcoin instantly via banks.
Bitcoin wallet on the other hand is always good when you are only focusing on investing rather than saving money but you can do use both bank and bitcoin wallet to feel better.
It would be wrong to say that one of the best options for storing money. Banks can not replace bitcoin wallets, equivalent to a bitcoin wallets will not be able to perform the functions of banks. It functions because the banks is not only safe but also other operations.
What do you mean banks are not safe here in my country the most secured to restore our money is banks and if they are bankrupt they should still repay for those who has savings account.. And we need them we can not exchange our bitcoin if there is no banks because here in my country we can withdraw bitcoin instantly via banks.
It would be wrong to say that one of the best options for storing money. Banks can not replace bitcoin wallets, equivalent to a bitcoin wallets will not be able to perform the functions of banks. It functions because the banks is not only safe but also other operations.
What do you mean banks are not safe here in my country the most secured to restore our money is banks and if they are bankrupt they should still repay for those who has savings account.. And we need them we can not exchange our bitcoin if there is no banks because here in my country we can withdraw bitcoin instantly via banks.
It would be wrong to say that one of the best options for storing money. Banks can not replace bitcoin wallets, equivalent to a bitcoin wallets will not be able to perform the functions of banks. It functions because the banks is not only safe but also other operations.
It would be wrong to say that one of the best options for storing money. Banks can not replace bitcoin wallets, equivalent to a bitcoin wallets will not be able to perform the functions of banks. It functions because the banks is not only safe but also other operations.
Bank and bitcoin wallet both have their own advantage in their respective fields. Those sites that accept bitcoin will need a bitcoin wallet on the other hand for doing normal transaction we will need bank account. But it would be a revolutionary change if bank system adopt bitcoin system automated network then we will have no issue if black money and other issues. It would also great for us as the transaction would be much faster then traditional bank system and bank account can get hacked but not bitcoin system. So let's welcome bitcoin technology to our back system.
I would say a wallet, bitcoin is about the presence of no absolute central authority and a bank would pretty much be that IMO, the idea of getting stable interest on invested BTC is tempting but a bank might just ruin what BTC is about anyway.
Exactly,,, bitcoin is all about anonymity. If you have money saved in bitcoins no one can know if you have anything or any amount of money like that, but if the same amount is saved in a bank it is known by a lot of people that you got that much money which can sometimes be a thread for you.
So choosing a bitcoin wallet for that purpose can also be good.
I would say a wallet, bitcoin is about the presence of no absolute central authority and a bank would pretty much be that IMO, the idea of getting stable interest on invested BTC is tempting but a bank might just ruin what BTC is about anyway.
bank or bitcoin wallet? I think both have their own advantages and disadvantages. for security I prefer to the bank because it is proven safe. but to be able to get more profits, bitcoin wallet is very easy for it
That is my choice too I will not just going to choose only one but rather what I am going to do is use them both with their advantages. I like the services of banks for they are proven for a long time depending on the local bank that you are going to use and if something happened to your money you have assurance that they are eligible for it. But with bitcoin, when something happened to your bitcoin, the bitcoin wallet providers are not eligible for it.
If the banks accept the bitcoin and give you interest in saving with them, it is better to save the bitcoin in the banks.
Well that is what I am going to do too if they are able to accept bitcoins and fiat at the same time. Then I am going to maximize the usage of their service and probably what I will do is that. And while saving my bitcoins to them and for sure that is going to give interest to my bitcoins and at the same time when the price increases I will going to get profit.
The banks will accept the bitcoin if they can make good profit by using the bitcoin as it will cut its cost.
I don't think that banks are going to accept bitcoins in the future because they can't even regulate the price of bitcoin and why they are going to accept it.
But for me, they are going to be a good way to store all of your financial assets, fiat money for banks and your bitcoins for your bitcoin wallet.
Hard decision bank or bitcoin wallet, I am not sure in both and do not trust. Both have it's pluses and minuses. I prefer to hold a cash at my home. But again in this case there is a risk that someone steal it, but for now everything is ok, so I keep going that way.
Not believing into either one of bitcoin or bank account is more dangerous than having at least any one of them. Choosing one among these two is highly dependent on your geographic location. But regardless of adoption rate in your country, you can simply choose bitcoin for your better and secured future compared to bank system.
You may not ready to accept my words but in time you will come to know about the advantages of bitcoins so that you will adopt bitcoin very soon.
Hard decision bank or bitcoin wallet, I am not sure in both and do not trust. Both have it's pluses and minuses. I prefer to hold a cash at my home. But again in this case there is a risk that someone steal it, but for now everything is ok, so I keep going that way.
bank or bitcoin wallet? I think both have their own advantages and disadvantages. for security I prefer to the bank because it is proven safe. but to be able to get more profits, bitcoin wallet is very easy for it
That is my choice too I will not just going to choose only one but rather what I am going to do is use them both with their advantages. I like the services of banks for they are proven for a long time depending on the local bank that you are going to use and if something happened to your money you have assurance that they are eligible for it. But with bitcoin, when something happened to your bitcoin, the bitcoin wallet providers are not eligible for it.
If the banks accept the bitcoin and give you interest in saving with them, it is better to save the bitcoin in the banks.
Well that is what I am going to do too if they are able to accept bitcoins and fiat at the same time. Then I am going to maximize the usage of their service and probably what I will do is that. And while saving my bitcoins to them and for sure that is going to give interest to my bitcoins and at the same time when the price increases I will going to get profit.
The banks will accept the bitcoin if they can make good profit by using the bitcoin as it will cut its cost.
bank or bitcoin wallet? I think both have their own advantages and disadvantages. for security I prefer to the bank because it is proven safe. but to be able to get more profits, bitcoin wallet is very easy for it
That is my choice too I will not just going to choose only one but rather what I am going to do is use them both with their advantages. I like the services of banks for they are proven for a long time depending on the local bank that you are going to use and if something happened to your money you have assurance that they are eligible for it. But with bitcoin, when something happened to your bitcoin, the bitcoin wallet providers are not eligible for it.
If the banks accept the bitcoin and give you interest in saving with them, it is better to save the bitcoin in the banks.
Well that is what I am going to do too if they are able to accept bitcoins and fiat at the same time. Then I am going to maximize the usage of their service and probably what I will do is that. And while saving my bitcoins to them and for sure that is going to give interest to my bitcoins and at the same time when the price increases I will going to get profit.
Bank took high fees on transaction,not anonymous,unsecure. I suggest BTC but all people should have Bank too.
There is no need to choose one when you can use both. But just out of interest, what high fees on transactions are you talking about? I am sending out money from bank to bank quite frequently, and there are no high fees involved. And in most cases there are not even fees involved at all.
Bank transfers doesn't involve any high fees and they have also improved the speed of transactions so I don't think that there is any issue in using bank services at a moment.
bank or bitcoin wallet? I think both have their own advantages and disadvantages. for security I prefer to the bank because it is proven safe. but to be able to get more profits, bitcoin wallet is very easy for it
That is my choice too I will not just going to choose only one but rather what I am going to do is use them both with their advantages. I like the services of banks for they are proven for a long time depending on the local bank that you are going to use and if something happened to your money you have assurance that they are eligible for it. But with bitcoin, when something happened to your bitcoin, the bitcoin wallet providers are not eligible for it.
If the banks accept the bitcoin and give you interest in saving with them, it is better to save the bitcoin in the banks.
I trust Bitcoin as the currency of the future and it is growing in value. So I choose BTC, but for a while I'm using bank services. I get my income in another currency and I cannot pay for all using BTC. For me bitcoin is more as an investment.
You cannot claim that you can cannot pay bills with bitcoin as many people are able to do that. Using bitcoin as currency is highly dependent on your country. But, if you believe into bitcoin you can go with bitcoin as in future everything will be available for bitcoin payments.Maybe there is no local bitcoin exchange website to his country that is able to help him for paying for bills or any other services. And still even you don't have bank account, you can just enjoy bitcoins by just converting it to fiat with the use of banks and I guess this is applicable to your country for many are doing this also.
I trust Bitcoin as the currency of the future and it is growing in value. So I choose BTC, but for a while I'm using bank services. I get my income in another currency and I cannot pay for all using BTC. For me bitcoin is more as an investment.
You cannot claim that you can cannot pay bills with bitcoin as many people are able to do that. Using bitcoin as currency is highly dependent on your country. But, if you believe into bitcoin you can go with bitcoin as in future everything will be available for bitcoin payments. I trust Bitcoin as the currency of the future and it is growing in value. So I choose BTC, but for a while I'm using bank services. I get my income in another currency and I cannot pay for all using BTC. For me bitcoin is more as an investment.
Right now bitcoin is considered more as an investment than a currency because we don't keep all our money in bitcoin right now because it is not yet reached the place where banks are because banks are more trusted in our society than bitcoin until now.
bank or bitcoin wallet? I think both have their own advantages and disadvantages. for security I prefer to the bank because it is proven safe. but to be able to get more profits, bitcoin wallet is very easy for it
Yes to save money we need banks and to save bitcoins we need bitcoin wallet, both are important and have their unique features so its smart to choose both of them instead of going with single one.
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