Bank or Bitcoin Wallet? - page 23. | Bitcointalksearch.org

bravehearth0319

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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.

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.

goldcoinminer

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Quote from: secone on September 25, 2016, 09:51:12 PM

Quote from: social crypto coin on September 24, 2016, 02:20:19 AM

Quote from: d@nte on September 18, 2016, 12:24:17 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

bitcoin is more safe than bank, when we have wallet of bitcoin it's like we are have our own bank.
so we are the manager, no people can touch our bank, and no people can froze our money too.

I couldn't agree on your statement for that matter, bitcoin has never been safer than banks, banks do protect our investment and it is subject for insurance while bitcoin we will remain anonymous and since it is not regulated the government has no jurisdiction on our complaints if something bad happens.

jerowacik

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Quote from: 2legit2 on September 25, 2016, 08:12:54 PM

Quote from: JITENDERPAR3 on September 25, 2016, 07:59:50 PM

Quote from: social crypto coin on September 24, 2016, 02:20:19 AM

Quote from: d@nte on September 18, 2016, 12:24:17 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

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.

secone

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Quote from: social crypto coin on September 24, 2016, 02:20:19 AM

Quote from: d@nte on September 18, 2016, 12:24:17 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

bitcoin is more safe than bank, when we have wallet of bitcoin it's like we are have our own bank.
so we are the manager, no people can touch our bank, and no people can froze our money too.

killerpain

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Quote from: social crypto coin on September 24, 2016, 02:20:19 AM

Quote from: d@nte on September 18, 2016, 12:24:17 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 true but bicoin can advantage
low fee not tax, and you can bitcoin investment trading and bery fast your growth money

2legit2

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Quote from: JITENDERPAR3 on September 25, 2016, 07:59:50 PM

Quote from: social crypto coin on September 24, 2016, 02:20:19 AM

Quote from: d@nte on September 18, 2016, 12:24:17 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

JITENDERPAR3

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Quote from: social crypto coin on September 24, 2016, 02:20:19 AM

Quote from: d@nte on September 18, 2016, 12:24:17 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 .

trickshot22

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Quote from: Noctis Connor on September 23, 2016, 09:04:37 PM

Quote from: d@nte on September 18, 2016, 12:24:17 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.

Bitcoin wallet is not safe either how the bitcoin wallet you are using has been hacked? what are you going to doo? but in bank if you account hack and withdrawn all your money you can trace it you will know where that money withdraw from and you can know who steal it from you

if you use a cold storage then it is the safest thing possible, if you want to use bitcoins and have a cold storage then trezor is the key

passwordnow

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I am going to choose both of it. Because I am a regular customer to the bank and needs to deposit my money into it. Because if I will just going to hide my money to my treasure chest then that is not even going to get interest rate because of the inflation and possibly that it is going to get more lower value in the future.

The_Dark_Knight

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Quote from: freedomgo on September 24, 2016, 02:09:16 AM

Quote from: Senor.Bla on September 24, 2016, 01:41:52 AM

Quote from: mirakal on September 24, 2016, 01:33:00 AM

Quote from: ?? on ??

Quote from: The_Dark_Knight on September 23, 2016, 11:13:14 PM

Quote from: Noctis Connor on September 23, 2016, 09:04:37 PM

Quote from: d@nte on September 18, 2016, 12:24:17 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.

Bitcoin wallet is not safe either how the bitcoin wallet you are using has been hacked? what are you going to doo? but in bank if you account hack and withdrawn all your money you can trace it you will know where that money withdraw from and you can know who steal it from you

Bitcoin wallet can be very safe if you take the right measures and you must take those measures because with bitcoin we are our own bank, a bitcoin wallet is not like a bank account in which you are relying on the bank and the systems they have created to protect your money, with the bitcoin wallet you must create the systems to safeguard your coins.

I believe that they are both safe banks and bitcoin wallet as long as you know how to use it properly and you are not going to get involved with illegal transactions using both of it. They are good money keepers so as long as you have fiat money put it on bank and with bitcoin you need that to put in bitcoin wallet.

I might agree with you but not fully, if we are going to choose between the two we should choose bank because bank protects our investment. If you have like 1 million dollars worth of bitcoins and you are going to spend it in a certain period, would you choose to safe keep that in your bitcoin wallet or in the bank?

the bank does not protect my investment. they just want my money. the bank fees speaks for themselves. has your account ever been frozen? they are protecting your money, but from you. and if you think bitcoin wallets are not safe, then you do not know how to make a proper one.

Bank does not make any illegal activities because they are in the business of trust and they are regulated by the government, any false mistake will be subject to sanction, I do not experience getting my account charge with interest expense but rather I am receiving interest income.

Do you really think that a bank does not perform illegal activities? You are naïve, just in recent years HSBC has been investigated for money laundering, this was not a case of a few criminals doing something suspicious with their bank accounts, the bank was involved.

bamboylee

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Quote from: mirakal on September 24, 2016, 01:33:00 AM

Quote from: ?? on ??

Quote from: The_Dark_Knight on September 23, 2016, 11:13:14 PM

Quote from: Noctis Connor on September 23, 2016, 09:04:37 PM

Quote from: d@nte on September 18, 2016, 12:24:17 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.

Bitcoin wallet is not safe either how the bitcoin wallet you are using has been hacked? what are you going to doo? but in bank if you account hack and withdrawn all your money you can trace it you will know where that money withdraw from and you can know who steal it from you

Bitcoin wallet can be very safe if you take the right measures and you must take those measures because with bitcoin we are our own bank, a bitcoin wallet is not like a bank account in which you are relying on the bank and the systems they have created to protect your money, with the bitcoin wallet you must create the systems to safeguard your coins.

I believe that they are both safe banks and bitcoin wallet as long as you know how to use it properly and you are not going to get involved with illegal transactions using both of it. They are good money keepers so as long as you have fiat money put it on bank and with bitcoin you need that to put in bitcoin wallet.

I might agree with you but not fully, if we are going to choose between the two we should choose bank because bank protects our investment. If you have like 1 million dollars worth of bitcoins and you are going to spend it in a certain period, would you choose to safe keep that in your bitcoin wallet or in the bank?

Keep it safe in your cold wallet. It is better that keeping it in a bank. If the bank gets rob, only a portion of your money is protected by insurance. But if you secure your money in a cold wallet, no one can stole if from you. Unless you give away your private keys.

Yutikas_11920

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Quote from: gerXhonza on September 24, 2016, 07:59:07 AM

Quote from: bhadz on September 24, 2016, 07:56:16 AM

Quote from: thepo1m on September 24, 2016, 03:06:31 AM

In terms of saving and protecting my fund, I will choose bank. There is still along way to go to make our Bitcoin wallet water tight. Banks have their negate trust but the rate of robbery is very low compared to Bitcoin wallet also computer may crash and makes it difficult to recover your wallet

Me too I am going to choose bank too because they are secured with covers and implemented by the government laws. And they are following the protocol of the government for securing the money of the people who are using their service. For sure they are going to take care of our money so it is really good to have bank accounts.

And we cannot spend bitcoins directly anywhere and to spend them we need to transfer them first to bank accounts so we can withdraw them in fiat currency and take care of our expenses.

Yup, that is certainly true. For now it will be very difficult for us to spend all funds or part of btc, because it is still today very few who accept bitcoin as payment. But it's not something a big problem, because we can still exchange the btc with fiat and after that can be spent with the need we want or need

gerXhonza

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Quote from: bhadz on September 24, 2016, 07:56:16 AM

Quote from: thepo1m on September 24, 2016, 03:06:31 AM

In terms of saving and protecting my fund, I will choose bank. There is still along way to go to make our Bitcoin wallet water tight. Banks have their negate trust but the rate of robbery is very low compared to Bitcoin wallet also computer may crash and makes it difficult to recover your wallet

Me too I am going to choose bank too because they are secured with covers and implemented by the government laws. And they are following the protocol of the government for securing the money of the people who are using their service. For sure they are going to take care of our money so it is really good to have bank accounts.

And we cannot spend bitcoins directly anywhere and to spend them we need to transfer them first to bank accounts so we can withdraw them in fiat currency and take care of our expenses.

bhadz

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Quote from: thepo1m on September 24, 2016, 03:06:31 AM

In terms of saving and protecting my fund, I will choose bank. There is still along way to go to make our Bitcoin wallet water tight. Banks have their negate trust but the rate of robbery is very low compared to Bitcoin wallet also computer may crash and makes it difficult to recover your wallet

Me too I am going to choose bank too because they are secured with covers and implemented by the government laws. And they are following the protocol of the government for securing the money of the people who are using their service. For sure they are going to take care of our money so it is really good to have bank accounts.

tampazeus

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Quote from: social crypto coin on September 24, 2016, 02:20:19 AM

Quote from: d@nte on September 18, 2016, 12:24:17 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

Yes and there is always a chance of recovering your money in banks if something goes wrong with your money, but if your bitcoins are lost or hacked then its impossible to recover them.

Senor.Bla

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Quote from: thepo1m on September 24, 2016, 03:06:31 AM

In terms of saving and protecting my fund, I will choose bank. There is still along way to go to make our Bitcoin wallet water tight. Banks have their negate trust but the rate of robbery is very low compared to Bitcoin wallet also computer may crash and makes it difficult to recover your wallet

how tight would you like bitcoin wallets to be? this is a serious question? if you computer crashes, then you just use a backup. if you do not makes backups, then you probably should start to do it. if your car has seat belts and you are not using them, then do not blame the car if you get injured in an accident.

thepo1m

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In terms of saving and protecting my fund, I will choose bank. There is still along way to go to make our Bitcoin wallet water tight. Banks have their negate trust but the rate of robbery is very low compared to Bitcoin wallet also computer may crash and makes it difficult to recover your wallet

social crypto coin

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Quote from: d@nte on September 18, 2016, 12:24:17 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

Senor.Bla

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Quote from: freedomgo on September 24, 2016, 02:09:16 AM

Quote from: Senor.Bla on September 24, 2016, 01:41:52 AM

Quote from: mirakal on September 24, 2016, 01:33:00 AM

Quote from: ?? on ??

Quote from: The_Dark_Knight on September 23, 2016, 11:13:14 PM

Quote from: Noctis Connor on September 23, 2016, 09:04:37 PM

Quote from: d@nte on September 18, 2016, 12:24:17 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.

Bitcoin wallet is not safe either how the bitcoin wallet you are using has been hacked? what are you going to doo? but in bank if you account hack and withdrawn all your money you can trace it you will know where that money withdraw from and you can know who steal it from you

Bitcoin wallet can be very safe if you take the right measures and you must take those measures because with bitcoin we are our own bank, a bitcoin wallet is not like a bank account in which you are relying on the bank and the systems they have created to protect your money, with the bitcoin wallet you must create the systems to safeguard your coins.

I believe that they are both safe banks and bitcoin wallet as long as you know how to use it properly and you are not going to get involved with illegal transactions using both of it. They are good money keepers so as long as you have fiat money put it on bank and with bitcoin you need that to put in bitcoin wallet.

I might agree with you but not fully, if we are going to choose between the two we should choose bank because bank protects our investment. If you have like 1 million dollars worth of bitcoins and you are going to spend it in a certain period, would you choose to safe keep that in your bitcoin wallet or in the bank?

the bank does not protect my investment. they just want my money. the bank fees speaks for themselves. has your account ever been frozen? they are protecting your money, but from you. and if you think bitcoin wallets are not safe, then you do not know how to make a proper one.

Bank does not make any illegal activities because they are in the business of trust and they are regulated by the government, any false mistake will be subject to sanction, I do not experience getting my account charge with interest expense but rather I am receiving interest income.

do you not pay a monthly fee for having an account? is it free for you to exchange money or send it to another country? many banks do that and some take even a fee for withdrawing.
also they do not freeze accounts because they are bored, but it happens. and it happens to people that are innocent also quite often. would you like to be in that spot?

freedomgo

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Quote from: Senor.Bla on September 24, 2016, 01:41:52 AM

Quote from: mirakal on September 24, 2016, 01:33:00 AM

Quote from: ?? on ??

Quote from: The_Dark_Knight on September 23, 2016, 11:13:14 PM

Quote from: Noctis Connor on September 23, 2016, 09:04:37 PM

Quote from: d@nte on September 18, 2016, 12:24:17 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.

Bitcoin wallet is not safe either how the bitcoin wallet you are using has been hacked? what are you going to doo? but in bank if you account hack and withdrawn all your money you can trace it you will know where that money withdraw from and you can know who steal it from you

Bitcoin wallet can be very safe if you take the right measures and you must take those measures because with bitcoin we are our own bank, a bitcoin wallet is not like a bank account in which you are relying on the bank and the systems they have created to protect your money, with the bitcoin wallet you must create the systems to safeguard your coins.

I believe that they are both safe banks and bitcoin wallet as long as you know how to use it properly and you are not going to get involved with illegal transactions using both of it. They are good money keepers so as long as you have fiat money put it on bank and with bitcoin you need that to put in bitcoin wallet.

I might agree with you but not fully, if we are going to choose between the two we should choose bank because bank protects our investment. If you have like 1 million dollars worth of bitcoins and you are going to spend it in a certain period, would you choose to safe keep that in your bitcoin wallet or in the bank?

the bank does not protect my investment. they just want my money. the bank fees speaks for themselves. has your account ever been frozen? they are protecting your money, but from you. and if you think bitcoin wallets are not safe, then you do not know how to make a proper one.

Bank does not make any illegal activities because they are in the business of trust and they are regulated by the government, any false mistake will be subject to sanction, I do not experience getting my account charge with interest expense but rather I am receiving interest income.

Topic: Bank or Bitcoin Wallet? - page 23. (Read 230501 times)