Bank or Bitcoin Wallet? - page 175. | Bitcointalksearch.org

sirohige

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Quote from: ?? on ??

for saving i would prefer bank, and for payment i would prefer bitcoin, both are very different and have some benefits by its own

You can save your money at BItcoin
and you can get interest with bitcoin growing price

in future you will see ore people leave bank and join bitcoin for saving money Wink

megatron1337

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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.

sirohige

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i will choose Bitcoin

good way to hold, invest and save my money at safety place
and bank scares with bitcoin Cool

http://www.theguardian.com/technology/2013/apr/07/bitcoin-scares-banks-governments

blackmachinegun

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i cant even choose one of them Grin

Estonia’s LHV Bank has backed a project to create a financial services platform and money-transfer app that will utilize bitcoin to facilitate transactions.
The Cuber Wallet app, which is available on both Android and Apple devices, enables users to send and receive euros instantly and free of charge. The experimental system uses the bitcoin blockchain by way of colored coins, according to the bank.
http://www.coindesk.com/lhv-bank-backs-wallet-app-built-on-bitcoins-blockchain/

bearex

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Quote from: ajun96 on November 23, 2015, 06:39:48 AM

Quote from: bearex on November 23, 2015, 06:24:00 AM

Bank is somewhat more secure, while Bitcoin wallet's security depends solely on you.

i think more save in bitcoin wallet, true it depends on you in security on our wallet
we can use authy google, 2fa, sms verifiy, its safest

True, but if someone steals them it is your fault. If someone steals them from your bank account and it is bank's fault, you will get the money back.
So it is more secure if you are looking from your perspective (Bank: Pin codes, passwords BTC: cold storage, seed, passwords,...)

mezzomix

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Quote from: Ninjaskills on November 23, 2015, 06:24:09 AM

Hahaha yeah the interest is very small i know that, maybe interest is 3% per/year, its very small Roll Eyes

but its very safe sir

The Greeks have have a different experience! Wink

ajun96

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Quote from: bearex on November 23, 2015, 06:24:00 AM

Bank is somewhat more secure, while Bitcoin wallet's security depends solely on you.

i think more save in bitcoin wallet, true it depends on you in security on our wallet
we can use authy google, 2fa, sms verifiy, its safest

Ninjaskills

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Quote from: jakelyson on November 23, 2015, 04:07:29 AM

Quote from: Ninjaskills on November 21, 2015, 11:39:56 PM

there are advantages and disadvantages of both, the best is use both
I like the bank because there is interest

Interest rates in the bank is very very small. Aside from being small, the interest you earn is also being taxed. So it becomes smaller. In the long run, your money + interest will be eaten by inflation.

Hahaha yeah the interest is very small i know that, maybe interest is 3% per/year, its very small Roll Eyes

but its very safe sir

bearex

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Bank is somewhat more secure, while Bitcoin wallet's security depends solely on you.

ajun96

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Quote from: Mr. Forum on November 23, 2015, 05:45:50 AM

For now i go for bitcoin wallet. This is because the banks have not yet implement the digital currency into their platform. Bitcoin as a digital currency has been linked to criminal acts and its for the reasons that banks have not welcomed this call. With the wallet, I do think that transactions are cheaper and makes trading with bitcoin an easier task since you can easily managed them. I support you on the fact that when banks accept this digital currency, the bitcoin demand will increase drastically.

in the bank you can use ATM dude or you can use internet banking
i think it can be replace digital currency ?

Ninjaskills

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Quote from: lixer on November 21, 2015, 11:55:56 PM

Quote from: Ninjaskills on November 21, 2015, 11:39:56 PM

Quote from: Abiky on November 21, 2015, 02:02:10 PM

It all depends on your choosing, whenever you like the flexibility of having control of your own money, or to have the ability to earn interest from your savings account, I would like to state that each has their advantages and disadvantages. So until Bitcoin becomes a mainstream currency, it is best to use both a bank account and a Bitcoin wallet. Just my opinion.

there are advantages and disadvantages of both, the best is use both
I like the bank because there is interest Grin

But I love bitcoin because there are huge returns compared to any bank interest. But still bitcoin goes to mainstream I will be forced to use both bitcoin as well as bank account. But definitely bitcoin will give more retunrs than any bank interests in long term basis.

if the bitcoin you have to grow it to reproduce, it will risk being lost,
we just need to bank interest, to cultivate the money, without the risk of losing

BeGoods

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Quote from: Abiky on November 22, 2015, 07:40:32 PM

You can always earn interest on your Bitcoin savings by various ways like Magnr, or Poloniex lending (which earns you interest). Isn't that similar to a bank as well, in earning interest? Just expressing my thoughts by the way. It is good to have both (BTC and Bank) in the meantime.

i think its different bro. I think that there is the risk of loss. right?

Mr. Forum

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For now i go for bitcoin wallet. This is because the banks have not yet implement the digital currency into their platform. Bitcoin as a digital currency has been linked to criminal acts and its for the reasons that banks have not welcomed this call. With the wallet, I do think that transactions are cheaper and makes trading with bitcoin an easier task since you can easily managed them. I support you on the fact that when banks accept this digital currency, the bitcoin demand will increase drastically.

bitcoin-hunter

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Quote from: JITENDERPAR on November 23, 2015, 04:22:06 AM

your question is very good .
i think use of bitcoins wallet instead of bank wallet is good .
beacuse with the use of bitcoin wallet we remain always independent to spent money anytime anywhere without tax .
using bitcoin wallet we can send money everywhere anytime without any problem .
thus we can say that use of bitcoin wallet is more efficient for the use of own currency without limit .

Yes all true, I am wondering is this post was not here but in a normal forum. Where people don't use bitcoin.
I think we will get alot of different of answer I am kinda interested in that.

Because we all love bitcoin in this forum and our answer is Bitcoin wallet atleast 95% of the person here.
So yeah your answer is why we choose for Bitcoin wallet. And I am difinetly agreeing with you.

JITENDERPAR

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your question is very good .
i think use of bitcoins wallet instead of bank wallet is good .
beacuse with the use of bitcoin wallet we remain always independent to spent money anytime anywhere without tax .
using bitcoin wallet we can send money everywhere anytime without any problem .
thus we can say that use of bitcoin wallet is more efficient for the use of own currency without limit .

jakelyson

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Quote from: Ninjaskills on November 21, 2015, 11:39:56 PM

there are advantages and disadvantages of both, the best is use both
I like the bank because there is interest

Interest rates in the bank is very very small. Aside from being small, the interest you earn is also being taxed. So it becomes smaller. In the long run, your money + interest will be eaten by inflation.

Abiky

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Quote from: Ninjaskills on November 21, 2015, 11:39:56 PM

Quote from: Abiky on November 21, 2015, 02:02:10 PM

It all depends on your choosing, whenever you like the flexibility of having control of your own money, or to have the ability to earn interest from your savings account, I would like to state that each has their advantages and disadvantages. So until Bitcoin becomes a mainstream currency, it is best to use both a bank account and a Bitcoin wallet. Just my opinion.

there are advantages and disadvantages of both, the best is use both
I like the bank because there is interest Grin

You can always earn interest on your Bitcoin savings by various ways like Magnr, or Poloniex lending (which earns you interest). Isn't that similar to a bank as well, in earning interest? Just expressing my thoughts by the way. It is good to have both (BTC and Bank) in the meantime.

JdrM

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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.

rickadone

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Quote from: Ninjaskills on November 21, 2015, 11:39:56 PM

Quote from: Abiky on November 21, 2015, 02:02:10 PM

It all depends on your choosing, whenever you like the flexibility of having control of your own money, or to have the ability to earn interest from your savings account, I would like to state that each has their advantages and disadvantages. So until Bitcoin becomes a mainstream currency, it is best to use both a bank account and a Bitcoin wallet. Just my opinion.

there are advantages and disadvantages of both, the best is use both
I like the bank because there is interest Grin

Maybe the bank's regular interest is the only reason people are still using bank accounts. I believe in future there would be bitcoin banks which will pay people interest for bitcoin deposits. It is practically possible. But bitcoin itself value appreciating over time which is more than bank interest.

CasioK

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Quote from: lixer on November 21, 2015, 11:55:56 PM

Quote from: Ninjaskills on November 21, 2015, 11:39:56 PM

Quote from: Abiky on November 21, 2015, 02:02:10 PM

It all depends on your choosing, whenever you like the flexibility of having control of your own money, or to have the ability to earn interest from your savings account, I would like to state that each has their advantages and disadvantages. So until Bitcoin becomes a mainstream currency, it is best to use both a bank account and a Bitcoin wallet. Just my opinion.

there are advantages and disadvantages of both, the best is use both
I like the bank because there is interest Grin

But I love bitcoin because there are huge returns compared to any bank interest. But still bitcoin goes to mainstream I will be forced to use both bitcoin as well as bank account. But definitely bitcoin will give more retunrs than any bank interests in long term basis.

This might be a unfortunate situation even we have more advantageous on bitcoin we are still forced to use bank accounts. Maybe bitcoin is only six years old is the reason, once we get the matured bitcoin ecosystem, we can simply leave off our traditional banking system. Hoping for those wonderful days.

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