Bank or Bitcoin Wallet? - page 169. | Bitcointalksearch.org

RealBitcoin

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: dragonusa9 on January 01, 2016, 03:51:42 AM

it's very effective to avoid being scammed, but it doesn't trust your safety if the people you want to loan is a bad people
lot of risk if you want to use P2P or Trusting other people Online

But if you rely on another service to determine credible borrowers then they will take a fee for that.

You can keep all profits if you can determine on your own, to whom to loan money, and to whom not.

kyrios_

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Quote from: dragonusa9 on January 01, 2016, 03:51:42 AM

Quote from: kyrios_ on January 01, 2016, 03:11:35 AM

Quote from: RealBitcoin on December 27, 2015, 03:07:25 AM

Quote from: wikenpp on December 26, 2015, 05:11:16 PM

My bank account gives me interest. All tough it is not a whole lot it gives me a solid reason to choose for my bank account.
Having your money sit there and earning on interest is a great feature, no other bitcoin wallet provider offers this at this moment.

I can be big if they develop a non-scam lending platform.

There is no such thing, you have to avoid being scammed, thats not the lending platfoms job. If its their job then they will keep most of the profit, in which case they will be the middleman again.

You could do P2P lending if you can avoid being scammed.

Some trading exchanges offer margin fundings. You can put your bitcoin/usd there up for loan for those people who open margin postitions. Relatively safe way of lending

it's very effective to avoid being scammed, but it doesn't trust your safety if the people you want to loan is a bad people
lot of risk if you want to use P2P or Trusting other people Online

Actually the system is pretty neat. Basically what happens is that the person opening a position puts up lets say 30% of the total trade size and borrows 70% from whatever is the lowest rate offered. If that position loses money, the exchange will forcefull close the position and pays back the lender whatever he has owned. So you cannot get scammed in that sense. Furthermore, you do not know who you are lending to, you just put up a daily rate and the system just matches you to a borrower. One case that you can lose your btc is when the exchange goes down or if there is a huge flash crash which causes a lot of margin calls basiclally destroying everything

dragonusa9

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Quote from: kyrios_ on January 01, 2016, 03:11:35 AM

Quote from: RealBitcoin on December 27, 2015, 03:07:25 AM

Quote from: wikenpp on December 26, 2015, 05:11:16 PM

My bank account gives me interest. All tough it is not a whole lot it gives me a solid reason to choose for my bank account.
Having your money sit there and earning on interest is a great feature, no other bitcoin wallet provider offers this at this moment.

I can be big if they develop a non-scam lending platform.

There is no such thing, you have to avoid being scammed, thats not the lending platfoms job. If its their job then they will keep most of the profit, in which case they will be the middleman again.

You could do P2P lending if you can avoid being scammed.

Some trading exchanges offer margin fundings. You can put your bitcoin/usd there up for loan for those people who open margin postitions. Relatively safe way of lending

it's very effective to avoid being scammed, but it doesn't trust your safety if the people you want to loan is a bad people
lot of risk if you want to use P2P or Trusting other people Online

kyrios_

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Activity: 210

Merit: 100

Quote from: RealBitcoin on December 27, 2015, 03:07:25 AM

Quote from: wikenpp on December 26, 2015, 05:11:16 PM

My bank account gives me interest. All tough it is not a whole lot it gives me a solid reason to choose for my bank account.
Having your money sit there and earning on interest is a great feature, no other bitcoin wallet provider offers this at this moment.

I can be big if they develop a non-scam lending platform.

There is no such thing, you have to avoid being scammed, thats not the lending platfoms job. If its their job then they will keep most of the profit, in which case they will be the middleman again.

You could do P2P lending if you can avoid being scammed.

Some trading exchanges offer margin fundings. You can put your bitcoin/usd there up for loan for those people who open margin postitions. Relatively safe way of lending

Amph

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Quote from: jethrorn99 on January 01, 2016, 12:03:51 AM

I use bank to save up most of my money, because it's still protected by the goverment if it got robbed
In Bitcoin? only a little bit, because no one is going to protect you if your wallet is stolen.

it's the same with fiat, if they stole your fiat money inside your house, good luck getting protection from the government

you should compare it to cold storage, which cannot be stolen from online

blackmachinegun

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Quote from: rio3233 on December 27, 2015, 02:04:00 AM

i choose bank because it's in real life and you can get interest by that. but if bitcoin wallet i also agree but not online one, because it's to risky to safe many bitcoins on online wallet.

you can also get profit by interest in bitcoin,
easy way to invest in a particular site or you can give a loan to someone
you'll earn interest

jethrorn99

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I use bank to save up most of my money, because it's still protected by the goverment if it got robbed
In Bitcoin? only a little bit, because no one is going to protect you if your wallet is stolen.

prodigy8

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I understood that i can't move completely or Bank or Bitcoin Wallet

Because not all people use bitcoin and not all use bank for online payments.

Even if the use the transaction fees are very high comparing to bitcoin which has some cents.

ajun96

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Quote from: rio3233 on December 27, 2015, 02:04:00 AM

i choose bank because it's in real life and you can get interest by that. but if bitcoin wallet i also agree but not online one, because it's to risky to safe many bitcoins on online wallet.

lol its risky or not, safe or not its depends on you, you can use a variety of security to guard your wallet,
do you think bitcoin wallet not in real life lol

Luqman

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Quote from: TastyChillySauce00 on December 25, 2015, 03:20:23 AM

Quote from: sirohige on December 25, 2015, 03:14:42 AM

Quote from: Luqman on December 25, 2015, 02:43:42 AM

Why not both? Definitely both of them still being uses, but saving my money in bitcoin wallet is a good investment for my future..

agree with you

Im use both of them too, we can't use bitcoin without bank at this time,,

every month i exchange my bitcoin to my bank

TBH almost all of ppl who ever bought bitcoin have a bank account and buy bitcoin thru bank transfer or credit card, and i can sure they withdrawn btc to USD thru bank too,there's no big difference if both are just used for transaction ,different if both two compared for its function ,advantages, and disadvantages

Yes, both of them are related each other, bitcoin and bank..

Luqman

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Quote from: sirohige on December 25, 2015, 03:14:42 AM

Quote from: Luqman on December 25, 2015, 02:43:42 AM

Why not both? Definitely both of them still being uses, but saving my money in bitcoin wallet is a good investment for my future..

agree with you

Im use both of them too, we can't use bitcoin without bank at this time,,

every month i exchange my bitcoin to my bank

What i hate from bank is they cutting my money every month that bitcoin never do.

xuan87

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I still prefer bitcoin wallet than bank, i feel more secure with the money in my wallet

bank provides interest but the problem is, when the bank become scam we cant claim and prove our bitcoin in that bank because of the anonymous feature that bitcoin provides

fantoos

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Off course bitcoin wallet as banks by themselves are seeking help from blockchain for expansion of their future projects so why not to embrace wallet of bitcoin from now on.

bithasher

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Bitcoin wallet is my only choice as I am buying more and more Bitcoins to prepare myself for future.Fiat money can collapse any time and future belongs to digital money where Bitcoin will reward to its holders.

boopy265420

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I think it is good to use both same time.There are thing which you can do better with Bitcoin like transfer of funds with freedom,low cost and faster than banking services but on the other hand banks are still best place to keep my fiat money in cash.After all cash is king and will dominate for a while.

MyBTT

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Bitcoin wallet. I would earn so much as the price of Bitcoin is just continuing to rise. Why would I use a bank?

newcripto

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I would like to use Bitcoin's wallet for me but unfortunately at this moment I can not use Bitcoin everywhere to pay for my deeds.I am still dependent on banking services for day to day use.In future for sure Bitcoin will remain only choice.

Ryananda

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Using bitcoin wallet is also a good idea to be with a bank. And better results are obtained bitcoin directly disbursed to the bank in order to be exchanged for money. Because of the way it is efektik and security of the money that we have to be wide awake.

But if want to keep them in better bitcoin wallet directly used to not too long in bitcoin wallet. It was my suggestion that its use becomes effective

avw1982

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Quote from: wikenpp on December 26, 2015, 05:11:16 PM

My bank account gives me interest. All tough it is not a whole lot it gives me a solid reason to choose for my bank account.
Having your money sit there and earning on interest is a great feature, no other bitcoin wallet provider offers this at this moment.

I can be big if they develop a non-scam lending platform.

Bank can give interest to us but Price of your fiat currencies not change to big value easily but that is possible In bitcoin. For the little feature interest We give up the big money which We can make bitcoin savings. And If wanna operate your account means you easily do transactions or anything. But in bank there is limits under Bank norms.

Efemen

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I use banks for 99% of my transactions. If bitcoin price is high, I will use it to buy some online goods.

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