Bank or Bitcoin Wallet? - page 173. | Bitcointalksearch.org

Supercrypt

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Quote from: delliaerd on December 21, 2015, 08:15:19 AM

Quote from: makingwin1 on November 29, 2015, 01:08:33 PM

i hold all my money in bank though i have some in my blockchain wallet either

Yeah, we use both bitcoin wallet and bank. We keep our bitcoin in bitcoin wallet after we change bitcoin to our currency then we keep it in bank. It is especially for me. I don't know if you not do that

Mostly all users do the same but here the question is whether you would ever prefer bank cash or bitcoins? I guess you mean to say that you always prefer bank money and hence will try coverting all your online currency into fiat. Many here prefer accepting payment in bitcoins and I also prefer this as it's more of an investment to me.

amacar2

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Bitcoin will never be accepted as direct deposit or withdraw method in any of the bank. Bank are only looking for developing competitive altcoin against bitcoin which they can centralize.

Kevin77

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Quote from: delliaerd on December 21, 2015, 08:15:19 AM

Quote from: makingwin1 on November 29, 2015, 01:08:33 PM

i hold all my money in bank though i have some in my blockchain wallet either

Yeah, we use both bitcoin wallet and bank. We keep our bitcoin in bitcoin wallet after we change bitcoin to our currency then we keep it in bank. It is especially for me. I don't know if you not do that

Bitcoin has a fluctuating price, and it is highly volatile, so I would prefer bank.
Sometimes I can invest into bitcoin, and make some profit from my investment money, just because of Bitcoin's volatile nature. The fluctuation is a problem to some people and an advantage to some other people.

delliaerd

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Quote from: makingwin1 on November 29, 2015, 01:08:33 PM

i hold all my money in bank though i have some in my blockchain wallet either

Yeah, we use both bitcoin wallet and bank. We keep our bitcoin in bitcoin wallet after we change bitcoin to our currency then we keep it in bank. It is especially for me. I don't know if you not do that

makingwin1

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i hold all my money in bank though i have some in my blockchain wallet either

caliboy37

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Quote from: artifical100 on November 28, 2015, 08:35:11 AM

All are important I think. Bitcoin used on online transactions and Bank used to verify your statement. But the problem with Bank is that your information is not private and not secure,not the case of Bitcoin.

I'm with you

AncilVTwo

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for transactions i do in real life such as paying for food, clothes and stuff like that i prefer debit cards from a bank. but for online transactions I think bitcoin is a better alternative.

umaOuma

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Quote from: 1Referee on November 28, 2015, 05:42:07 AM

Quote from: enthus on November 27, 2015, 09:39:39 PM

bitcoin wallet in paper... then no one can touch it, i can store as much money and no tax !!!
This is the best thing to do I think

It depends on where you live. Each government have a different policy when it comes to taxing Bitcoin as form of wealth. If you hide it, then indeed you don't have to pay tax. But if they somehow find out you have a lot coins in a wallet somewhere, they will surely find a way to tax you Wink

I think holding multiple wallets can solve the issue, as Government in my country doesn't support bitcoins but I don't think that it would create any problem for me for holding lot of coins in my wallet, as Government in my country is busy in solving their own scams which involves millions of dollars why would they run behind poor guy like me?

artifical100

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All are important I think. Bitcoin used on online transactions and Bank used to verify your statement. But the problem with Bank is that your information is not private and not secure,not the case of Bitcoin.

loreykyutt05

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I still go for the Bank because it much more formal and secured to store money there than a bitcoin wallet .

1Referee

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Quote from: enthus on November 27, 2015, 09:39:39 PM

bitcoin wallet in paper... then no one can touch it, i can store as much money and no tax !!!
This is the best thing to do I think

It depends on where you live. Each government have a different policy when it comes to taxing Bitcoin as form of wealth. If you hide it, then indeed you don't have to pay tax. But if they somehow find out you have a lot coins in a wallet somewhere, they will surely find a way to tax you Wink

arruah

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Quote from: Jeremycoin on November 28, 2015, 05:37:10 AM

I will usually use Bitcoin wallet because it's more safe and I can more freely organize my money with it.
But however, I will use Bank to cashout it when I need to buy something with fiat.

I, too, is particularly convenient multisig wallet.

Jeremycoin

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I will usually use Bitcoin wallet because it's more safe and I can more freely organize my money with it.
But however, I will use Bank to cashout it when I need to buy something with fiat.

bob123

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I would take a Btc Wallet over Bank.
I'd rather be the one who has the overview of my money. Not let the bank do it.. and have to trust them.

balanced190

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Bank took high fees on transaction,not anonymous,unsecure. I suggest BTC but all people should have Bank too.

secone

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both of them is goood

bank is safe place with guarantee million asset
and bitcoin is safe place with guarantee future technology

so i choose bitcoin and bank

enzu

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bank because you can earn some good interest on large amount

ivan19

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Well,if you have pretty bad credit and can't open a bank account go for bitcoin hardcore lol. Start converting all funds into bitcoin and storing them and sell them when you need stuff.

enthus

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bitcoin wallet in paper... then no one can touch it, i can store as much money and no tax !!!
This is the best thing to do I think

RealBitcoin

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

Bitcoin = sanctuary for your capital

Bank = begging to be robbed (and not by bank robbers, but by robber banks)

Topic: Bank or Bitcoin Wallet? - page 173. (Read 230501 times)