Bank or Bitcoin Wallet? - page 19. | Bitcointalksearch.org

agustina2

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Quote from: The_Dark_Knight on September 29, 2016, 04:42:22 PM

If you are in a first world country that is correct but for people living in a third world country is possible to live without access to banks, besides it’s not like they are avoiding banks, they just don’t have access to it

Same goes in bitcoin when we bring this currency in the third world country. Access will really goes in a hard way.

That's why this is the point, banks today can't even reached all people today so how much worst if it's on bitcoin?

Ewinsane

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Quote from: Ayoung on September 29, 2016, 03:00:15 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 .

peta4e

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Quote from: dhimasnk on September 29, 2016, 04:36:48 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 bank is always safe and secure in compare to bitcoin wallet, as banks holds responsibility of your savings and in case if anything goes wrong with your money then banks will stand in your support to recover them.

The_Dark_Knight

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Quote from: richardsNY on September 28, 2016, 06:14:40 PM

Quote from: Fraxinus on September 28, 2016, 01:16:45 AM

Bank and BTC wallet,there's room for cash and BTC,it all depends on your preferences but I think they have their place and you have to have either of them,I think that's neccessary and it will be somewhat delusional to think it isn't like that

At this point there is no way to avoid using banks for people in their daily lives. People that choose for Bitcoin aren't serious, or they just say so to bump their post count. There is absolutely no need to choose between one of the two when you can work with both perfectly fine.

If you are in a first world country that is correct but for people living in a third world country is possible to live without access to banks, besides it’s not like they are avoiding banks, they just don’t have access to it

dhimasnk

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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

1Referee

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Quote from: bamboylee on September 29, 2016, 10:08:59 AM

Quote from: Mastsetad on September 29, 2016, 03:46:34 AM

Quote from: SANALIU on September 29, 2016, 03:07:38 AM

Quote from: Ayoung on September 29, 2016, 03:00:15 AM

iam choose bank to saving my money

if you want only save and secure
use bitcoin wallet same secure and savety to
but bitcoin can advantage , you use bitcoin is very fast growth your money

Bitcoin is not as secure as banks are, not because of the security but because of the fluctuations, if you save your money in a bank they would be the same even after years but if you save them in bitcoin there is a chance that they might grow or they also might drop their value because bitcoins grows and it drops as well sometimes.

The fiat you put in the bank will be the same in amount after a few years, but lower in value. One thing is for sure when you put your money in the bank, it will lose its value due to inflation. And bitcoin on the other hand can become higher or lower in value. At least it have a chance to grow in value. But in banks, it will just diminish in value.

The average joes don't seem to care since they are saving more money than every before. They either don't know that there is a tool such as Bitcoin that can offer a great escape from seeing their fiat wealth decreasing and decreasing, or they simply don't care. I think both outcomes are equally as bad.

Zitudent

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Quote from: bamboylee on September 29, 2016, 10:08:59 AM

Quote from: Mastsetad on September 29, 2016, 03:46:34 AM

Quote from: SANALIU on September 29, 2016, 03:07:38 AM

Quote from: Ayoung on September 29, 2016, 03:00:15 AM

iam choose bank to saving my money

if you want only save and secure
use bitcoin wallet same secure and savety to
but bitcoin can advantage , you use bitcoin is very fast growth your money

Bitcoin is not as secure as banks are, not because of the security but because of the fluctuations, if you save your money in a bank they would be the same even after years but if you save them in bitcoin there is a chance that they might grow or they also might drop their value because bitcoins grows and it drops as well sometimes.

The fiat you put in the bank will be the same in amount after a few years, but lower in value. One thing is for sure when you put your money in the bank, it will lose its value due to inflation. And bitcoin on the other hand can become higher or lower in value. At least it have a chance to grow in value. But in banks, it will just diminish in value.

That is right. The fiat is inflationary, the value will decrease over the time. The bitcoin is just the opposite.

bamboylee

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Quote from: Mastsetad on September 29, 2016, 03:46:34 AM

Quote from: SANALIU on September 29, 2016, 03:07:38 AM

Quote from: Ayoung on September 29, 2016, 03:00:15 AM

iam choose bank to saving my money

if you want only save and secure
use bitcoin wallet same secure and savety to
but bitcoin can advantage , you use bitcoin is very fast growth your money

Bitcoin is not as secure as banks are, not because of the security but because of the fluctuations, if you save your money in a bank they would be the same even after years but if you save them in bitcoin there is a chance that they might grow or they also might drop their value because bitcoins grows and it drops as well sometimes.

The fiat you put in the bank will be the same in amount after a few years, but lower in value. One thing is for sure when you put your money in the bank, it will lose its value due to inflation. And bitcoin on the other hand can become higher or lower in value. At least it have a chance to grow in value. But in banks, it will just diminish in value.

Noctis Connor

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Quote from: ArdiPrabowo on September 28, 2016, 10:23:09 PM

if saving my money
iam choose bank because very save and high secure
but investment iam choose bitcoin wallet because with bitcoin is very fast growth my money

it is easy to deposit in bank and it is really safe because you can with anytime you want your money right ? in case of emergency you can withdraw money instantly in any atm machines but bitcoin no this is just for trading and investing only and it can do gambling also and it is not that easy to withdraw

krisnt80

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I do have both, currently i cant just have bitcoin, besides being a small ammount im saving a part of my salarie at the bank, even knowing that bitcoin can bring me better results then the savings at the banks, but for now i need to reach the emergency funds, then i can moove invest at bitcoin.

randy8777

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Quote from: Iceborn on September 29, 2016, 06:30:53 AM

The bitcoin wallet is better but the bank is more safe because if something get stolen you always will get it back.
If you bitcoin wallet get hacked and you lose bitcoins there can be done almost nothing.

that's why you should place the security of your devices that you run your clients from very seriously. if your security is top notch, and you have enough backups, then nothing will happen with your coins. never download random stuff from the internet without verifying you are really dealing with software from a legit company. never connect to open wifi networks, and the list goes on. basic security.

Yutikas_11920

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Quote from: Iceborn on September 29, 2016, 06:30:53 AM

The bitcoin wallet is better but the bank is more safe because if something get stolen you always will get it back.
If you bitcoin wallet get hacked and you lose bitcoins there can be done almost nothing.

Everything you say is true, but it also depends on the requirements on everyone. Sometimes the needs of one person to one that's different. So we have to see first what problems are being encountered. think more complex more profitable, than think fast

Iceborn

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The bitcoin wallet is better but the bank is more safe because if something get stolen you always will get it back.
If you bitcoin wallet get hacked and you lose bitcoins there can be done almost nothing.

SilverPunk

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Quote from: Chennai on September 29, 2016, 04:19:43 AM

Quote from: mirakal on September 29, 2016, 03:52:36 AM

Quote from: Mastsetad on September 29, 2016, 03:46:34 AM

Quote from: SANALIU on September 29, 2016, 03:07:38 AM

Quote from: Ayoung on September 29, 2016, 03:00:15 AM

iam choose bank to saving my money

if you want only save and secure
use bitcoin wallet same secure and savety to
but bitcoin can advantage , you use bitcoin is very fast growth your money

Bitcoin is not as secure as banks are, not because of the security but because of the fluctuations, if you save your money in a bank they would be the same even after years but if you save them in bitcoin there is a chance that they might grow or they also might drop their value because bitcoins grows and it drops as well sometimes.

Well, that's an investor's game that we see the price fluctuates, you are here in the crypto world so that should be normal to you. The main concern here is that which is more safer to save our money, in the bank or bitcoin wallet?

I would choose Bitcoin wallets to save and secure my botcoins earned. I find the wallets are well secured. I do use banks when I exchange the BTC into fiats. I keep the btc in my wallet as long as I find a hike in price. If its reasonable I exchange it to fiats. Both are well secured in terms of security.

I dont agree! our bitcoin wallets are not really secured as what you are thinking because it could be hack or someone will scam you unlike banks it is really secure they are really set up to counter all those bad things unlike bitcoin it is just new not really good so id o prefer bank over bitcoin.

Seansky

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If I were to choose between bank or a bitcoin wallet, Ill choose bitcoin wallet because of two reasons. The first reason is because bitcoin doesn't require you to reveal your identity. It does not have a requirement that is hard to get just an internet or a smartphone or pc connected to internet. It is also more likely to get big interest on your investments in bitcoin than it bank, that's why I prefer bitcoin wallet over bank.

TastyChillySauce00

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Quote from: praprata on September 29, 2016, 04:14:03 AM

Bitcoin wallet is better than the bank in my opinion purely because you get more freedom. Bitcoin wallet are also very safe from what I know.
Ofcourse putting money on the bank also has its benefits but I am not a fan of borrowing the bank money and not getting or barely getting rent.

with bitcoin wallet the safety depend on the user themselves and how they can manage it,if the users just too lazy to setup the possible security option so they shouldn't expect the safety while bank match well for those who need safety but don't have time to manage it but having disadvantages,it's freedom

Carlsen

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I have both, a wallet and a bank account. And I'm glad that i is that way.
If I had to choose I would surly take the bank account.
The number of places where bitcoins are accepted are just way too low.
Bitcoin as a payment system is not that far yet.
Maybe it will be one day, but still that is going to take some years.

1Referee

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Quote from: kateaustin on September 29, 2016, 03:39:54 AM

I would like it very much if there is something like a bank in bitcoin, where you deposit the BTC and get a stable interest on it like usual banks, I wouldn't be using it to send my transactions though and would use a normal wallet.. a bank is not with decentralization but useful for users..

People are happy with Bitcoin that it offers them the opportunity to own their money for once, and you are hoping for an institute where your money is being controlled by something other than yourself, just because it will allow you to earn a tiny bit of interest....

Chennai

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Quote from: mirakal on September 29, 2016, 03:52:36 AM

Quote from: Mastsetad on September 29, 2016, 03:46:34 AM

Quote from: SANALIU on September 29, 2016, 03:07:38 AM

Quote from: Ayoung on September 29, 2016, 03:00:15 AM

iam choose bank to saving my money

if you want only save and secure
use bitcoin wallet same secure and savety to
but bitcoin can advantage , you use bitcoin is very fast growth your money

Bitcoin is not as secure as banks are, not because of the security but because of the fluctuations, if you save your money in a bank they would be the same even after years but if you save them in bitcoin there is a chance that they might grow or they also might drop their value because bitcoins grows and it drops as well sometimes.

Well, that's an investor's game that we see the price fluctuates, you are here in the crypto world so that should be normal to you. The main concern here is that which is more safer to save our money, in the bank or bitcoin wallet?

I would choose Bitcoin wallets to save and secure my botcoins earned. I find the wallets are well secured. I do use banks when I exchange the BTC into fiats. I keep the btc in my wallet as long as I find a hike in price. If its reasonable I exchange it to fiats. Both are well secured in terms of security.

praprata

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Activity: 420

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Bitcoin wallet is better than the bank in my opinion purely because you get more freedom. Bitcoin wallet are also very safe from what I know.
Ofcourse putting money on the bank also has its benefits but I am not a fan of borrowing the bank money and not getting or barely getting rent.

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