Bank or Bitcoin Wallet? - page 160. | Bitcointalksearch.org

Hellacopter

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Quote from: krunox123 on January 16, 2016, 06:19:18 AM

Quote from: wadili89 on January 16, 2016, 05:54:07 AM

both are different and necessary in a way 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

That is why Bitcoin is always better than the bank. No one will limit on how much money you can spend in a day.

This is really powerful Bitcoin's feature , in addition with Bitcoin you haven't to give your private and personal informations as needed usually using banks. So i agree wallet is better than bank right now

phreaky

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I've thought a long time and i have to say that I stick with my bank account at the moment
The bitcoin wallet needs some large improvements for it to be usable by the masses.

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Quote from: stromma44 on January 16, 2016, 06:23:27 AM

Quote from: krunox123 on January 16, 2016, 06:19:18 AM

Quote from: wadili89 on January 16, 2016, 05:54:07 AM

both are different and necessary in a way 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

That is why Bitcoin is always better than the bank. No one will limit on how much money you can spend in a day.

Yeah and you can also carry huge number of bitcoins in your digital wallet, which is your own bank and no one has control over it, and bitcoin transaction are available 24/7 no formalities, no paper work, no rules and regulations so I feel that bitcoin wallet is always an better option as compared to the banking system.

Yes that is the best thing that bitcoin can do for us. Freedom and no hassle.

But others still want to demolish and replace the current banking system with bitcoin worldwide. As I posted here, never wish for bitcoin to become a whole world financial institution as those freedom we are experiencing will surely be gone. Anonymous transaction are not welcome under legal financial terms if it used by all countries in the whole world.

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Quote from: krunox123 on January 16, 2016, 06:19:18 AM

Quote from: wadili89 on January 16, 2016, 05:54:07 AM

both are different and necessary in a way 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

That is why Bitcoin is always better than the bank. No one will limit on how much money you can spend in a day.

Yeah and you can also carry huge number of bitcoins in your digital wallet, which is your own bank and no one has control over it, and bitcoin transaction are available 24/7 no formalities, no paper work, no rules and regulations so I feel that bitcoin wallet is always an better option as compared to the banking system.

krunox123

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Quote from: wadili89 on January 16, 2016, 05:54:07 AM

both are different and necessary in a way 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

That is why Bitcoin is always better than the bank. No one will limit on how much money you can spend in a day.

wadili89

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both are different and necessary in a way 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

AliceWonderMiscreations

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I have more value in BTC than I have in my bank account. But I do most purchases from my bank account.

I use bank for checking and the bitcoin blockchain the same way I used a bank savings account before I started using bitcoin.

For actual investing, I admit I do not have as much as someone my age should, but that's largely due to my income level. Only middle class income and higher can really afford to invest. I do have a little, that's in mutual funds.

I do not see bitcoin as investment though if it continue to grow like it has last few years I will be quite happy, but I use it for savings, not investment.

It is necessary to have a bank account because things like taxes etc. need to be government fiat currency.

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Quote from: addy boy on October 04, 2015, 12:05:29 PM

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

Banks are the biggest scammers off the world. So i choose Bitcoin Wallet and Gold. Wink

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Quote from: ajun96 on January 16, 2016, 01:28:41 AM

Quote from: dollarneed on January 15, 2016, 06:34:38 PM

Bitcoin wallet is better than Bank, firstly you have your own bank, no need to filled out your identity, very simple, low cost, and of course no one can't froze your money, as long as you keep your own private key your bitcoin will be safe

yeah decentralization make bitcoin wallet is superior compared with the bank, but I think it's better to use both, for the needs of transactions in the real life and online transactions

People are attracted towards bitcoin because of decentralized factor attached with it, and yes bitcoin wallet is better then bank as you have control over your money, which no bank offers you, but for some reasons banks are also important and you cannot get rid of banks so easily as you have invested your fiat currency into it so I believe both are important.

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Quote from: dollarneed on January 15, 2016, 06:34:38 PM

Bitcoin wallet is better than Bank, firstly you have your own bank, no need to filled out your identity, very simple, low cost, and of course no one can't froze your money, as long as you keep your own private key your bitcoin will be safe

yeah decentralization make bitcoin wallet is superior compared with the bank, but I think it's better to use both, for the needs of transactions in the real life and online transactions

krunox123

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Quote from: SmartIphone on January 15, 2016, 01:47:33 PM

There are many bitcoin wallets that are better than bank, but in generally why not using both of them (but more bitcoin

)

Most of the time I still prefer to use Bitcoin because I can access my wallet anytime I want and I don't need to go to the bank just to withdraw funds from the bank. But I'm still using both.

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Quote from: nonbody on January 15, 2016, 10:41:59 PM

Quote from: allysa on January 15, 2016, 10:35:23 PM

i would choose both because both of then have difference bitcoin is risky we dont know what will happen in the future maybe it will drop or jump the price but the bank is always there not so risky for people.

You see bitcoin's price dropped 20% in one day. How volatile it is? This is the reason scaring ppl away from it. But I am still having faith in it. I will continue to hold some amount of bitcoin.

A majority of the reason as to why Bitcoin is so volatile is because some of the speculator and investor confidence is being manipulated, which is the primary reason as to why the price is volatile. The investors get antsy, and thus is causes a surge of people wanting to sell before their assets become worthless.

People get scared because of a lack of people being able to remain steadfast, and sell because they are easily swayed. It will require more confidence before we actually see a movement towards stability and the wider acceptance.

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Quote from: allysa on January 15, 2016, 10:35:23 PM

i would choose both because both of then have difference bitcoin is risky we dont know what will happen in the future maybe it will drop or jump the price but the bank is always there not so risky for people.

You see bitcoin's price dropped 20% in one day. How volatile it is? This is the reason scaring ppl away from it. But I am still having faith in it. I will continue to hold some amount of bitcoin.

allysa

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i would choose both because both of then have difference bitcoin is risky we dont know what will happen in the future maybe it will drop or jump the price but the bank is always there not so risky for people.

sirohige

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bitcoin is my choice
because bitcoin is freedom

blackmachinegun

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Quote from: xdrpx on January 15, 2016, 01:43:36 PM

I prefer both. My bank earns me considerable amount of interest on my savings and term deposits so I prefer it as a more non-volatile investment. Apart from which, I also like to store some amount of Bitcoins that I can afford to lose in my Bitcoin wallet.

do you rely on the interest from banks for investment?
I think it's too small to get from it, are you sure you only get 1% per year of your money?

dollarneed

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Bitcoin wallet is better than Bank, firstly you have your own bank, no need to filled out your identity, very simple, low cost, and of course no one can't froze your money, as long as you keep your own private key your bitcoin will be safe

SmartIphone

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Quote from: romero121 on January 15, 2016, 01:54:45 PM

Quote from: SmartIphone on January 15, 2016, 01:47:33 PM

There are many bitcoin wallets that are better than bank, but in generally why not using both of them (but more bitcoin

)

Bitcoin wallets are highly secured compared to some banking wallet. The bitcoins can be stored in a wallet and can be accessed after many years even though your account is not much active. In bank they have certain restrictions.

There are some bitcoin wallets that are not secure (they do not give you the private keys) like coinbase xapo and other similar third parties, but paper wallet, hardware wallets have more security and in some cases better than banks.

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Quote from: SmartIphone on January 15, 2016, 01:47:33 PM

There are many bitcoin wallets that are better than bank, but in generally why not using both of them (but more bitcoin

)

Bitcoin wallets are highly secured compared to some banking wallet. The bitcoins can be stored in a wallet and can be accessed after many years even though your account is not much active. In bank they have certain restrictions.

SmartIphone

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Activity: 1204

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There are many bitcoin wallets that are better than bank, but in generally why not using both of them (but more bitcoin

)

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