Theyre are just two different things. Not comparable each one to the other.
And as bitcoin will never take over banks, the same goes for banks. They each hold values that are crucial to each survival.
Topic: Bank or Bitcoin Wallet? - page 171. (Read 230501 times)
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
Using bitcoin wallet without Bank, it must be risking your life. It is only fool will invest his whole money into bitcoin. With bank you can withdraw your money, but, you can’t withdraw bitcoin, and you can’t see it, you don’t even see the company of the wallet, if bitcoin wallet company wants, they can close up their wallet and take away your bitcoin, but, bank you can see them.
The National Bank of Ukraine Concedes Integration of Bitcoin and is ready to embrace bitcoin with its existing systems. Although the regulation has no position on bitcoin yet.
Bank is better than bitcoin wallet untill this time. We have to use both of them because we still use paper money and fiat. But when bitcoin community grow bigger and acceptable in most payment, maybe bitcoin wallet is the best option for me.
I think banks are built for the profit of the bank owners, not for us. After all, banks have to obey government regulation ( this is not a good news for bitcoin holders )
I think banks are built for the profit of the bank owners, not for us. After all, banks have to obey government regulation ( this is not a good news for bitcoin holders )
Nope dude. We will not agree bank is better than bitcoin because Bank's transaction and account maintainence are not transperent like bitcoin and bitcoin transaction able to do in anytime no need to wait for hoildays and more you are maintaining your own banking system without anyone interfernce.
For me, BTC wallet would be way easier.
Bank is better than bitcoin wallet untill this time. We have to use both of them because we still use paper money and fiat. But when bitcoin community grow bigger and acceptable in most payment, maybe bitcoin wallet is the best option for me.
I think banks are built for the profit of the bank owners, not for us. After all, banks have to obey government regulation ( this is not a good news for bitcoin holders )
I think banks are built for the profit of the bank owners, not for us. After all, banks have to obey government regulation ( this is not a good news for bitcoin holders )
i hold all my money in bank though i have some in my blockchain wallet either
I do not agree with doing this. Holding all your money in the bank allows everyone to see what you are spending your money on and why. I do not like someone being able to look over everything I do in my life. If I want to go the the sex toy store and buy the biggest toy I can buy (just an example), i do not want to be judged and in my opinion, that is all banks offer. Holding money in the bank doesn't allow everybody to see it.
Only the bank employees can see and I doubt if they care if you are buying sex toys.
It is your responsibility to ensure that you don't allow bank statements to fall into the hands of your spouse.
The blockchain on the other hand is transparent.
If you are not careful about your privacy practices, your life can become an open book.
i hold all my money in bank though i have some in my blockchain wallet either
I do not agree with doing this. Holding all your money in the bank allows everyone to see what you are spending your money on and why. I do not like someone being able to look over everything I do in my life. If I want to go the the sex toy store and buy the biggest toy I can buy (just an example), i do not want to be judged and in my opinion, that is all banks offer. 
At this evolution time, both are necessary. Bitcoin can't replace bank in the near future and for everyday use, but bitcoin could became a good long-term investment.
I think this is because right now Bitcoin is still at is infancy. Just give it a couple of more years and it would become a mainstream cryptocurrency and replace banks as well. It is just not the right time yet. That is why it is necessary to have both (bank and Bitcoin) accounts as you would need to buy Bitcoins with your bank account or viceversa. It will also serve as a great way for cashing out your BTC into fiat in your bank account. Just my opinion.
At this evolution time, both are necessary. Bitcoin can't replace bank in the near future and for everyday use, but bitcoin could became a good long-term investment.
The wallet is better since you are in control of your own bitcoins. No third party which you need to ask permission to use your own money.
If you encrypt it and safely handle the wallet, there is no risk and in a way it's safer then your bank account.
Bitcoins wallet is really safe for the Bitcoins, since its a degital money so it requires a very safe wallet like Bitcoins wallet. But at the same time we need a bank account too to with draw the cash in local currencies so both we need to keep it. If you encrypt it and safely handle the wallet, there is no risk and in a way it's safer then your bank account.
Definitely Bank...bitcoin can't replace paper money.
True, bitcoin is a new class of money, that wont replace paper money, it will make it irrelevant and obsolete.
Therefore bitcoin is 100x superior.
In the future there will be people that still want someone to take care of their own wealth so I see services like Xapo playing a huge role as Bitcoin gets more and more mainstream.
I understand your point...but you also need to understand that Bitcoin is limited...Paper money is linked with gold mostly and govt. can print paper money accordingly. But bitcoin will soon become antique and highly valued..paper money will remain active.
In the future there will be people that still want someone to take care of their own wealth so I see services like Xapo playing a huge role as Bitcoin gets more and more mainstream.
Definitely Bank...bitcoin can't replace paper money.
at this time we need both of them ,
but in future if bitcoin succes maybe we will can use bitcoin anywhere, and we do not need a bank because bitcoin can handle transaction
but in future if bitcoin succes maybe we will can use bitcoin anywhere, and we do not need a bank because bitcoin can handle transaction
The wallet is better since you are in control of your own bitcoins. No third party which you need to ask permission to use your own money.
If you encrypt it and safely handle the wallet, there is no risk and in a way it's safer then your bank account.
If you encrypt it and safely handle the wallet, there is no risk and in a way it's safer then your bank account.
to be honest, I prefer the bitcoin wallet than the bank, the reason being the usefulness of bitcoin wallet is more simple than the bank, and how to make it easier to make bitcoin wallet because it does not require detailed identity, while banks require detailed identity
That's true, but unfortunately people nowadays use banks more than wallets and many ewallets and marketplaces still demanding the bank accounts instead of Bitcoin's wallets. That's why we still needing both
to be honest, I prefer the bitcoin wallet than the bank, the reason being the usefulness of bitcoin wallet is more simple than the bank, and how to make it easier to make bitcoin wallet because it does not require detailed identity, while banks require detailed identity
Ofcourse Wallet > Bank.. but we need it yet.
Unfortunately.
Unfortunately.
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