Bank or Bitcoin Wallet? - page 174. | Bitcointalksearch.org

stromma44

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Quote from: Abiky on November 27, 2015, 04:03:03 PM

Quote from: quad588 on November 27, 2015, 01:30:39 AM

bitcoin wallet. You will earn more interest in a year from value rising than interest in bank Wink

That is totally correct mate! We can see Bitcoin's price go up everyday faster than you can think of! And maybe this is because the halving date is near and thus Bitcoin is increasing in price and demand. Today has been a good day with BTC being worth at $360 per coin. I have increased my earnings faster than I would have done with my bank account Grin

Great. And we hope that the price of bitcoins would go much higher in coming days so we can have good earnings and good savings too, as far as banks are concerned they are traditional and today in era of internet its very difficult to follow their rules and regulations though it has their own benefits but bitcoin would surely overtake it in future.

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Quote from: quad588 on November 27, 2015, 01:30:39 AM

bitcoin wallet. You will earn more interest in a year from value rising than interest in bank Wink

That is totally correct mate! We can see Bitcoin's price go up everyday faster than you can think of! And maybe this is because the halving date is near and thus Bitcoin is increasing in price and demand. Today has been a good day with BTC being worth at $360 per coin. I have increased my earnings faster than I would have done with my bank account Grin

a7mos

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If I have some cash and you ask me to choose where to put them; a bank or bitcoin wallet, I would choose my home Cheesy

as I do not trust banks and for bitcoin, the instable prices is a serious problem for my

quentincole32

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for bitcoiner,of course bitcoin wallet is better Grin

its simple to create,secure and small fee.
as we know,bitcoin more popular and mass adoption,t would be advantage for us.

quad588

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bitcoin wallet. You will earn more interest in a year from value rising than interest in bank Wink

crazyearner

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Quote from: gripflierGO on November 26, 2015, 11:51:49 PM

Quote from: megatron1337 on November 23, 2015, 10:30:01 AM

I don't see how you can live off bitcoin only. For the time being having a bank account is kind of necessary.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.

It's long way to go for that when your company will pay you in bitcoins, as of now both are important, as banks have their own benefits like you said depositing paycheck or if you opt for loan your bank statement is mandatory, so with bitcoin wallet we have total control over our money which banks doesn't gives you, with bitcoin wallet you are accessible to your funds 24/7.

Some company's are already paying people their wages would be a real nice option to get paid in bitcoin, but like you said that is a massive way off. People can still be paid their wages and then convert it to bitcoin as I am. And have found it to be proven good as when prices go up from me buying at a lower rate I get a nice bonus due to the fact values gone up by 5 or 10% or so. Just wish it would be paycheck paid than converting but then that would raise a lot of problems to be resolved with business banks and governments too.

gripflierGO

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Quote from: megatron1337 on November 23, 2015, 10:30:01 AM

I don't see how you can live off bitcoin only. For the time being having a bank account is kind of necessary.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.

It's long way to go for that when your company will pay you in bitcoins, as of now both are important, as banks have their own benefits like you said depositing paycheck or if you opt for loan your bank statement is mandatory, so with bitcoin wallet we have total control over our money which banks doesn't gives you, with bitcoin wallet you are accessible to your funds 24/7.

crazyearner

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Quote from: elyas772 on November 24, 2015, 09:43:39 PM

Quote from: wafersticks09 on November 24, 2015, 09:33:00 PM

I would choose bank to store all my money im more inner peace than bitcoin wallet. Maybe I would used bitcoin wallet like ATM card for me that I can withdraw anytime.

you can save at trezord hardware very secure wallet
for me i will choose both of them

save at fiat, if bitcoin price falling i can buy with this fiat
save at bitcoin, oneday if bitcoin reach $1000 again i can sell it then save at fiat Roll Eyes

With the amount of problems trezord have had I would never chose any hardware wallet. I would just stick to paper wallet being most secure and sealing it water tight and making a few back up copies and safely putting away and securing. Using bitcoin debit card are good but need to make sure their secure and also not a scam like many have done in past and ran off. Stick to well know places offering debit cards and even then only have a small amount on them.

elyas772

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Quote from: wafersticks09 on November 24, 2015, 09:33:00 PM

I would choose bank to store all my money im more inner peace than bitcoin wallet. Maybe I would used bitcoin wallet like ATM card for me that I can withdraw anytime.

you can save at trezord hardware very secure wallet
for me i will choose both of them

save at fiat, if bitcoin price falling i can buy with this fiat
save at bitcoin, oneday if bitcoin reach $1000 again i can sell it then save at fiat Roll Eyes

wafersticks09

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I would choose bank to store all my money im more inner peace than bitcoin wallet. Maybe I would used bitcoin wallet like ATM card for me that I can withdraw anytime.

crazyearner

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Right now am moving more funds into Bitcoin than my bank and having Bitcoin as my new type of Bank. Look at the facts. Leave money in Bank get maybe 1 to 3% interest a year. Follow the markets on Bitcoin and sell at times on exchanges on the high and buy back in on the low make that 1 to 3% in a few days or even few hours or so. Its hard to keep it all in Bitcoin but getting closer to being all bitcoin. If I could get paid my wages from work in Bitcoin I would love it, but sadly not a chance so can simply just buy the Bitcoin and then sell coins off when I need them to pay for personal items and bills when needed.

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Quote from: amacar2 on November 24, 2015, 07:48:32 AM

Its not a wise decision to save money as bitcoin if you are not ready to bear the probable loss with the price volatility. I prefer to save money in bank and to do transaction i love bitcoin for speed and cheaper fee.

I have also money in my local bank but i do not get interest from them.
I am happy with that i am able to make purchases like bitcoin for online deals but not everywhere.
In general i prefer both of them i would not use only one but both of them helps our life.

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Quote from: Piltover on November 24, 2015, 08:11:12 AM

Quote from: frendsento on November 24, 2015, 07:36:51 AM

Of course I preferred Bank instead of bitcoins because bank secures my money and additionally i get interest rates which is great , I invest in bitcoin but no as much as I invested in the bank because of high risk when it comes to price Volatility .

It also depends on what bank you're putting money into. Some savings account will be lost when the bank goes bankrupt.

So why choose a bank like that. Get a list in your country's Central Bank about those local banks of yours in ranking (google can help) or one can get an advice thru community.

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Quote from: frendsento on November 24, 2015, 07:36:51 AM

Of course I preferred Bank instead of bitcoins because bank secures my money and additionally i get interest rates which is great , I invest in bitcoin but no as much as I invested in the bank because of high risk when it comes to price Volatility .

It also depends on what bank you're putting money into. Some savings account will be lost when the bank goes bankrupt.

amacar2

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Its not a wise decision to save money as bitcoin if you are not ready to bear the probable loss with the price volatility. I prefer to save money in bank and to do transaction i love bitcoin for speed and cheaper fee.

frendsento

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Of course I preferred Bank instead of bitcoins because bank secures my money and additionally i get interest rates which is great , I invest in bitcoin but no as much as I invested in the bank because of high risk when it comes to price Volatility .

foxkyu

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For now i will choose bank. Because for daily use i used fiat for transaction and not many people using bitcoin.

But maybe in the future when everybody use bitcoin i will choose using bitcoin.

Abiky

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Quote from: acquafredda on November 23, 2015, 10:55:25 AM

If you have money in a bank they're not yours, you know that. If you have Bitcoins on the Blockchain and you own the keys those are really your Bitcoins.

Example:

try to move, let's say 150000$ (and let's assume you have them) from your bank to anywhere else be prepared to say why you're moving those funds!

Now, try to move 150000BTC: easy, BTC does not care if you move 1 or 1000000!

Your bank does! And, of course, your government...

Exactly. While banks are regulated by the government watching every move on your transactions and imposing limits, with Bitcoin you have freedom to deposit any amount no matter how big or small because there is no central authority. You have complete control of your own money. Cheesy

acquafredda

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If you have money in a bank they're not yours, you know that. If you have Bitcoins on the Blockchain and you own the keys those are really your Bitcoins.

Example:

try to move, let's say 150000$ (and let's assume you have them) from your bank to anywhere else be prepared to say why you're moving those funds!

Now, try to move 150000BTC: easy, BTC does not care if you move 1 or 1000000!

Your bank does! And, of course, your government...

croato

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1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

For now i must use both Bitcoin and Bank, still cant pay my bills and food with Bitcoin but i hope i can switch to Bitcoin in years to come.

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