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Topic: Bank or Bitcoin Wallet? - page 22. (Read 230431 times)

legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
September 27, 2016, 01:37:37 AM
I'm choose bank for secure my money and transfer my salary from work. and I think the wallet is the currency bank of BTC. if bank want receive btc for them payment, btc must be secure than now. and using bitcoin for bank currency i feel very risky cause btc is anonymous. if it happens, it's may take a long time.
If you have great contribution in the bitcoin community for sure you will choose bitcoin, banks are merely for savings purposes only while bitcoin has multi functions as it can be a storage for our savings and investment as well, banks does not have that kind of facilities that will benefits us but in terms or security nothing can beat banks.
full member
Activity: 168
Merit: 100
September 27, 2016, 12:32:38 AM
I'm choose bank for secure my money and transfer my salary from work. and I think the wallet is the currency bank of BTC. if bank want receive btc for them payment, btc must be secure than now. and using bitcoin for bank currency i feel very risky cause btc is anonymous. if it happens, it's may take a long time.
hero member
Activity: 2842
Merit: 625
September 27, 2016, 12:01:06 AM
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.
for me, the bank is better if you want to save money for a secure financial institution. for me, bitcoin is only useful to invest only, because bitcoin is a very profitable means of investing

If we are going to see them both, they are both useful and it is just going to depend on how you are going to use them according to your purpose.

I am going to use them both and in our lives we can't deny that the banks are important for storing our cash and availing their services.

And we are using bitcoin so we really do need bitcoin wallets for keeping them.
hero member
Activity: 546
Merit: 500
September 26, 2016, 07:40:43 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.
for me, the bank is better if you want to save money for a secure financial institution. for me, bitcoin is only useful to invest only, because bitcoin is a very profitable means of investing
full member
Activity: 223
Merit: 250
September 26, 2016, 07:18:51 PM
I would choose a  safe btc wallet, because it is more  secure and also simple to use, from  my point of view.. In addition to this,  you have more  control over your funds,  because it is decentralized.

if you choose wallet bitcoin because secure and save
your wrong, bank still is good about secure and save this compare wallet bitcoin
you are right , bank money is also encrypted like bitcoin wallet or more . the main disadvantage in bank money is only less control by us . because for banking there is probably remain some problem of adding payyee like things and also high transaction charge and tax .
thats true, holding your cash in a bank account is really safe but bitcoin allows you to make more profit over time
yes, it is one of the considerations using bitcoin or BANK. each has advantages and disadvantages. we can not state that one of them is superior.
It depends on what you are looking for, but if you want control over your finances, no chargebacks, no funds frozen, very low transaction fees then it is a no brainer, bitcoin is for you.
thats true, but i think if you are a usual person then it would be better to use bank account as it would be easier
newbie
Activity: 40
Merit: 0
September 26, 2016, 07:02:58 PM
I m using coinbase / spectrocoin
the bank might freeze my account, and you must be 18...
hero member
Activity: 840
Merit: 502
September 26, 2016, 05:34:34 PM
I would choose a  safe btc wallet, because it is more  secure and also simple to use, from  my point of view.. In addition to this,  you have more  control over your funds,  because it is decentralized.

if you choose wallet bitcoin because secure and save
your wrong, bank still is good about secure and save this compare wallet bitcoin
you are right , bank money is also encrypted like bitcoin wallet or more . the main disadvantage in bank money is only less control by us . because for banking there is probably remain some problem of adding payyee like things and also high transaction charge and tax .
thats true, holding your cash in a bank account is really safe but bitcoin allows you to make more profit over time
yes, it is one of the considerations using bitcoin or BANK. each has advantages and disadvantages. we can not state that one of them is superior.
It depends on what you are looking for, but if you want control over your finances, no chargebacks, no funds frozen, very low transaction fees then it is a no brainer, bitcoin is for you.
hero member
Activity: 546
Merit: 500
September 26, 2016, 11:51:15 AM
Putting your money on the bank takes away alot of freedom but it does give some sense of security though atleast.
Put putting money on btc wallet gives full freedom but less security for example, although I'm not sure how secure bitcoin actually is though.
sr. member
Activity: 672
Merit: 250
September 26, 2016, 11:45:52 AM
I think money in bank are for those who are earning pure money and just want to be safe but for some one who is gambling and trading with big amounts and bitcoins in and out large amounts happen daily then bitcoin wallet is the option because you are controlling them without anyone knowing it.

Thats right, or maybe something else would be an advantage for bitcoin wallet compared to bank, and that is the fluctuation of the price of bitcoin, for example if you have $1000 in a bank, they will stay there for 2 months and still the same, but if you are having them in a bitcoin wallet and the price of bitcoin rises 20% in that period then you will be having $1400 by then, so that is the advantage of it, but it also has the disadvantage of dropping price, so if someone finds the price dropping he should immediately convert his bitcoins into dollar to be safe from losing a lot of it.
sr. member
Activity: 334
Merit: 250
September 26, 2016, 11:32:23 AM
i would choose to use bitcoin wallet and have all my money as bitcoins though bitcoin price is really fluctuating so it would be a little bit risky i guess

Exactly. and its safety too of money..
sr. member
Activity: 336
Merit: 250
September 26, 2016, 11:09:30 AM
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.

hey? dude i would like to tell you that i prefer in both because you can spend it in real like but still its progress isn't that fast but i can wait for that in banks you can spend money in foods, things that you like to have and spend it in the mall or a coffee shop to have a easy spending but still Bitcoin wallet is the most important thing to me because bitcoin wallet is fast and you can pay online games for it and you can pay your bills as quick you don't have go somewhere to pay your bills but to sit in your computer just chill and relax its a easily if you have bitcoin wallet for lazy people like me Cheesy
hero member
Activity: 756
Merit: 500
September 26, 2016, 08:26:41 AM
I would choose a  safe btc wallet, because it is more  secure and also simple to use, from  my point of view.. In addition to this,  you have more  control over your funds,  because it is decentralized.

if you choose wallet bitcoin because secure and save
your wrong, bank still is good about secure and save this compare wallet bitcoin
you are right , bank money is also encrypted like bitcoin wallet or more . the main disadvantage in bank money is only less control by us . because for banking there is probably remain some problem of adding payyee like things and also high transaction charge and tax .
thats true, holding your cash in a bank account is really safe but bitcoin allows you to make more profit over time


You are right bro but bitcoin are less safer then banks and one thing more banks are also give you a profit if you are fix your amount in banks then they give you monthly profit on that amount which is very useful. And if your money lost from bank then they give you your money back while on other hand no one will give your money back if your coins lost from your wallet.
You having them both is really great combine profit for a long time, Bank will gives you profit depending on the amount you invest while in bitcoin it also depending on the amount you invest but you can boost you income by doing some method earning in bitcoin that is one of the advantage of bitcoin in the bank.

You, indeed, that the bank and also the bitcoin wallet has the same advantage. It's just that these two things have different policies and also different systems. so, this is something that we can take advantage of the well if we want to be open and accepting of all things existing therein.
hero member
Activity: 714
Merit: 531
September 26, 2016, 08:20:54 AM
I would choose a  safe btc wallet, because it is more  secure and also simple to use, from  my point of view.. In addition to this,  you have more  control over your funds,  because it is decentralized.

if you choose wallet bitcoin because secure and save
your wrong, bank still is good about secure and save this compare wallet bitcoin
you are right , bank money is also encrypted like bitcoin wallet or more . the main disadvantage in bank money is only less control by us . because for banking there is probably remain some problem of adding payyee like things and also high transaction charge and tax .
thats true, holding your cash in a bank account is really safe but bitcoin allows you to make more profit over time


You are right bro but bitcoin are less safer then banks and one thing more banks are also give you a profit if you are fix your amount in banks then they give you monthly profit on that amount which is very useful. And if your money lost from bank then they give you your money back while on other hand no one will give your money back if your coins lost from your wallet.
You having them both is really great combine profit for a long time, Bank will gives you profit depending on the amount you invest while in bitcoin it also depending on the amount you invest but you can boost you income by doing some method earning in bitcoin that is one of the advantage of bitcoin in the bank.
copper member
Activity: 1722
Merit: 1004
Campaign Management & Translation Service
September 26, 2016, 07:36:41 AM
I would choose a  safe btc wallet, because it is more  secure and also simple to use, from  my point of view.. In addition to this,  you have more  control over your funds,  because it is decentralized.

if you choose wallet bitcoin because secure and save
your wrong, bank still is good about secure and save this compare wallet bitcoin
you are right , bank money is also encrypted like bitcoin wallet or more . the main disadvantage in bank money is only less control by us . because for banking there is probably remain some problem of adding payyee like things and also high transaction charge and tax .
thats true, holding your cash in a bank account is really safe but bitcoin allows you to make more profit over time


You are right bro but bitcoin are less safer then banks and one thing more banks are also give you a profit if you are fix your amount in banks then they give you monthly profit on that amount which is very useful. And if your money lost from bank then they give you your money back while on other hand no one will give your money back if your coins lost from your wallet.
legendary
Activity: 896
Merit: 1000
September 26, 2016, 06:57:09 AM
Bank does not give me money so I would choose bitcoin wallet, I am more focus now on investment so I will just safe keep my bitcoins in my wallet and make sure I will be able to protect it so in the future when I sell I could enjoy the profits.

what you mean with that the bank isn't giving you money? are you talking about the very low interest rate that you get for saving money in your bank? if that's the case, then you're right. simply holding your coins will not result in your coins increasing in numbers, but the potential price value of the coins makes it interesting to hold your coins.
hero member
Activity: 2912
Merit: 674
September 26, 2016, 04:56:00 AM
Bank does not give me money so I would choose bitcoin wallet, I am more focus now on investment so I will just safe keep my bitcoins in my wallet and make sure I will be able to protect it so in the future when I sell I could enjoy the profits.
legendary
Activity: 1232
Merit: 1000
September 26, 2016, 04:51:04 AM
I think money in bank are for those who are earning pure money and just want to be safe but for some one who is gambling and trading with big amounts and bitcoins in and out large amounts happen daily then bitcoin wallet is the option because you are controlling them without anyone knowing it.
Bitcoin wallet provides anonymity and this is good for the people who does not like to divulge their personal information and the total amount of money they are holding, if you can take the risk then it would be fine, otherwise just put your money in the bank.
bitcoin wallet even more transparent and anyone can know the amount of money from the wallet you have if they know that it is your address. but it does address any bitcoin has no user data. so it could still be said to be anonymous.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
September 26, 2016, 03:49:40 AM
I think money in bank are for those who are earning pure money and just want to be safe but for some one who is gambling and trading with big amounts and bitcoins in and out large amounts happen daily then bitcoin wallet is the option because you are controlling them without anyone knowing it.
Bitcoin wallet provides anonymity and this is good for the people who does not like to divulge their personal information and the total amount of money they are holding, if you can take the risk then it would be fine, otherwise just put your money in the bank.
member
Activity: 112
Merit: 10
September 26, 2016, 02:49:12 AM
I think money in bank are for those who are earning pure money and just want to be safe but for some one who is gambling and trading with big amounts and bitcoins in and out large amounts happen daily then bitcoin wallet is the option because you are controlling them without anyone knowing it.
legendary
Activity: 3150
Merit: 1148
September 26, 2016, 02:45:31 AM
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.


I am much preferred to bitcoin wallet. Why? It is because I'm the only one that I can control my coins,  unlike in the banks they're very strict to their rules while in bitcoin very safe and secured than any bank.
You will certainly change your mind if ever you will be holding a lot of money in the future, bitcoin wallet is good because it is fast and we can transact anytime we want but when it comes to security banks are more secured compared to bitcoin wallet.
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