Bank or Bitcoin Wallet? - page 18. | Bitcointalksearch.org

Betwrong

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Quote from: J Gambler on October 01, 2016, 01:10:55 PM

As i read so much replies why people still choosing bitcoinwallet instead of banks? Can someone give me the reason really why? for yah banks had lots of features and benofits for yah the banking system where your money is really safe when when someone stall your money you can view the man who did it and where the exact location it withdrew

First of, not all banks are safe. That depends on where you live. Maybe in the USA your deposits are insured and you are safe in a way, but where I live many banks dissappeared in the previous years and many people were left with nothing. So it's not 100% true that if you keep your money in a bank you are safe.

J Gambler

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As i read so much replies why people still choosing bitcoinwallet instead of banks? Can someone give me the reason really why? for yah banks had lots of features and benofits for yah the banking system where your money is really safe when when someone stall your money you can view the man who did it and where the exact location it withdrew

SidaroffVany

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On the banking system or on the banks themselves keep the state, and their existence is simply doomed without banks. Therefore purses will exist but only for small users.

iqlimasyadiqa

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Quote from: Diced90 on October 01, 2016, 05:09:35 AM

Bitcoin wallet would win this one has the btc wallet there are no hidden fees and no maintainance charges of any sort unlike a bank

for that bitcoin is more superior. but when we talk about the guarantee and then market confidence BANK is above.
every thing definitely has its advantages and disadvantages of each.

goldcoinminer

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Quote from: rizkyhiw on October 01, 2016, 05:20:57 AM

Quote from: mirakal on September 30, 2016, 10:41:04 AM

Quote from: rizkyhiw on September 30, 2016, 06:05:04 AM

Quote from: eddyubachs on September 30, 2016, 05:32:49 AM

Quote from: Ewinsane on September 30, 2016, 05:11:38 AM

Quote from: Ayoung on September 29, 2016, 04:00:15 AM

iam choose bank to saving my money

Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.

i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?

Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.

if you talking about storing the whole of your money of course you can not choose bitcoin wallet
as bitcoin mostly considered as investment and thing to trade
but if you talking about how to store your money to make it productive
and bitcoin wallet is your choice , you may can see 1 bitcoin turn to 100 bitcoin

That is not possible to turn 1 BTC into 100 BTC by just storing your money because we we store it will not grow. But I get it, maybe you mean the value of our bitcoins will grow but not the volume.

rizkyhiw

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Quote from: mirakal on September 30, 2016, 10:41:04 AM

Quote from: rizkyhiw on September 30, 2016, 06:05:04 AM

Quote from: eddyubachs on September 30, 2016, 05:32:49 AM

Quote from: Ewinsane on September 30, 2016, 05:11:38 AM

Quote from: Ayoung on September 29, 2016, 04:00:15 AM

iam choose bank to saving my money

Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.

i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?

Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.

if you talking about storing the whole of your money of course you can not choose bitcoin wallet
as bitcoin mostly considered as investment and thing to trade
but if you talking about how to store your money to make it productive
and bitcoin wallet is your choice , you may can see 1 bitcoin turn to 100 bitcoin

Diced90

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Bitcoin wallet would win this one has the btc wallet there are no hidden fees and no maintainance charges of any sort unlike a bank

mirakal

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Quote from: digaran2 on October 01, 2016, 04:13:38 AM

The bank is safer but with the bitcoin wallet you can way better make profit because its the bitcoin.
Its just how you are wanting to spend your money and if you want to take some risks the bitcoin can be controlled by yourself.

If you do investing and saving at the same time, I think you do not need to choose between the two because the two have their best unique purpose, we are using banks to protect our money while bitcoin to cater our investment, that is the simple explanation there.

digaran2

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The bank is safer but with the bitcoin wallet you can way better make profit because its the bitcoin.
Its just how you are wanting to spend your money and if you want to take some risks the bitcoin can be controlled by yourself.

rudalist

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Quote from: dharkmadder on September 30, 2016, 05:55:16 AM

I would like to keep bitcoin as it is with wallets, because banks are just a poster sign for centralization and I like the bitcoin of now with no central authority and no control of the network.. Banks are nice because they offer interest but bad for the network overall.

i think secure and saving money bank is still the best
but investment and growth capital money bitcoin still the best

severaldetails

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Quote from: Noctis Connor on October 01, 2016, 02:49:32 AM

Quote from: dhimasnk on September 29, 2016, 05:36:48 PM

I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe

Yeah we know that already as of many replies are mentioned at the top but you're had point there that bitcoin is much more safer than bitcoin wallet banks has many features that can help you specially the offers and the credits cards your using to shop online.

And with bitcoins the whole responsibility is just in your hands. If you mistype something in the transaction your money is most likely gone due to the anonimity of the wallet owner.
Not everybody can handle that responsibility.
It's different with banks. When you send the money to the wrong person he has to give it back.
And because the bank exactly knows who the owner of the account is, he can not escape that obligation.

Noctis Connor

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Quote from: dhimasnk on September 29, 2016, 05:36:48 PM

I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe

Yeah we know that already as of many replies are mentioned at the top but you're had point there that bitcoin is much more safer than bitcoin wallet banks has many features that can help you specially the offers and the credits cards your using to shop online.

qiwoman2

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I think we need both at the moment as we will always have fiat and digital currencies working side by side as long as we have governments etc. Only if we change towards a resource based economy we might not be needing banks as we know them today. We are NOT that civilized yet lol.

goldcoinminer

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Quote from: greatr on September 30, 2016, 04:37:25 PM

Quote from: dhimasnk on September 29, 2016, 05:36:48 PM

I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe

though banks can go bankrupt and steal all your money while with bitcoins your money are safe

Banks can go bankrupt but they cannot steal our money because it is protected by the law of the state, our deposits has its insurance so there is nothing to worry about the security of our money saved in the banks.

greatr

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Quote from: dhimasnk on September 29, 2016, 05:36:48 PM

I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe

though banks can go bankrupt and steal all your money while with bitcoins your money are safe

neochiny

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Quote from: mirakal on September 30, 2016, 10:41:04 AM

Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.

Right. Why not use both. It's not like we can only choose one. Put 30 % on banks, then 40% on cold wallets,

the rest is for active investments like casino bankrolls,trading,altcoins,etc. I'm not really comfortable with putting ALL

liquid assets into crypto-currencies as the value could be pretty volatile. It's good if it's way up but there are also hard plunges.

That's why diversifying is my best bet. Sure the fiat in the bank will lose value over time but that could take decades.

mirakal

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Quote from: rizkyhiw on September 30, 2016, 06:05:04 AM

Quote from: eddyubachs on September 30, 2016, 05:32:49 AM

Quote from: Ewinsane on September 30, 2016, 05:11:38 AM

Quote from: Ayoung on September 29, 2016, 04:00:15 AM

iam choose bank to saving my money

Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.

i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?

Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank.

rizkyhiw

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Activity: 1484

Merit: 1004

Quote from: eddyubachs on September 30, 2016, 05:32:49 AM

Quote from: Ewinsane on September 30, 2016, 05:11:38 AM

Quote from: Ayoung on September 29, 2016, 04:00:15 AM

iam choose bank to saving my money

Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.

i guess bitcoin wallet are pretty much better than banks
banks regulated by government and bitcoin wallet standalone decentralized
banks have a very slow service and bitcoin have a very fast service
so why you still want banks when you can rule your own bank with bitcoin wallet?

dharkmadder

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Activity: 112

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I would like to keep bitcoin as it is with wallets, because banks are just a poster sign for centralization and I like the bitcoin of now with no central authority and no control of the network.. Banks are nice because they offer interest but bad for the network overall.

eddyubachs

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Activity: 812

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Quote from: Ewinsane on September 30, 2016, 05:11:38 AM

Quote from: Ayoung on September 29, 2016, 04:00:15 AM

iam choose bank to saving my money

Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere .

It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time.

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