Bank or Bitcoin Wallet? - page 24. | Bitcointalksearch.org

Senor.Bla

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

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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 but in bank if you account hack and withdrawn all your money you can trace it you will know where that money withdraw from and you can know who steal it from you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.

mirakal

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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_Dark_Knight

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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

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.

goldcoinminer

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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

Basically it is not you who are going to trace, that is not your worry anymore because you have already entrusted you money to the bank and whatever happens to your account as long as it is not your negligence, you are covered by the insurance and you will be paid.

Noctis Connor

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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.

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

SquallLeonhart

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Quote from: BitMaxz on September 23, 2016, 05:32:32 PM

Quote from: eddyubachs on September 23, 2016, 04:48:44 PM

Quote from: krishna1 on September 23, 2016, 12:02:15 PM

i choose bitcoin wallet because if i even go to banks they will not treat me like special and also they have very system than bitcoin

Who said that they will not treat you as a special customer? With growing competition among banks each and every customer is important for them and at this stage we cannot depend only on bitcoin wallet, we also need banks for our day to day transactions.

Yeah we should need banks because we can not exchange our bitcoin into fiat without banks.. and banks for most people here are important to them and for me its important because its a good place to save money. its more safe than bitcoin.. we dont know how long bitcoin will live long.. so banks is the best place for safety of your money..

Yes and the fact is if bitcoin disappears then it won't make much difference to us as we always have an optionti of fiat for spending but it would be really panic situation if something goes wrong with banks.

hendra147

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Quote from: MTBTT on September 23, 2016, 05:05:28 PM

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I would choose btc wallet, cause it's more secure and also easier to use, from my point of view. Add the fact that you have more control over your funds.

yeah different when you use a bank. all your money will be controlled by the bank. even every day you have limits to take your money from the bank lol

that's the strategy of bank to make our money more safety.
bank give each customer limit privacy, to know where he use the money from customer, because that's the strategy of bank to growing it.

BitMaxz

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Quote from: eddyubachs on September 23, 2016, 04:48:44 PM

Quote from: krishna1 on September 23, 2016, 12:02:15 PM

i choose bitcoin wallet because if i even go to banks they will not treat me like special and also they have very system than bitcoin

Who said that they will not treat you as a special customer? With growing competition among banks each and every customer is important for them and at this stage we cannot depend only on bitcoin wallet, we also need banks for our day to day transactions.

Yeah we should need banks because we can not exchange our bitcoin into fiat without banks.. and banks for most people here are important to them and for me its important because its a good place to save money. its more safe than bitcoin.. we dont know how long bitcoin will live long.. so banks is the best place for safety of your money..

Who_

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I think this should have been a nice poll, but regardless.

I feel like they both have a place in my life, because while bitcoin is safer and puts money in my own control, not enough people use it yet to completely justify using bitcoin exclusively. Banks are useful, since they can be used to create accounts connected to private companies if you ever plan on starting one. I don't think that the law has evolved to accept bitcoin addresses as valid in terms of analyzing profits and taxing profits from companies.

richardsNY

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Quote from: eddyubachs on September 23, 2016, 04:48:44 PM

Quote from: krishna1 on September 23, 2016, 12:02:15 PM

i choose bitcoin wallet because if i even go to banks they will not treat me like special and also they have very system than bitcoin

Who said that they will not treat you as a special customer? With growing competition among banks each and every customer is important for them and at this stage we cannot depend only on bitcoin wallet, we also need banks for our day to day transactions.

He has somewhat of a point. When you aren't a customers of a certain bank, they are nice to you as they try to convince you to sign up with them. But as soon as you became a customer of their bank, then they are gone. It's hard to seek help in certain cases, they are quite rude some times....

MTBTT

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I would choose btc wallet, cause it's more secure and also easier to use, from my point of view. Add the fact that you have more control over your funds.

yeah different when you use a bank. all your money will be controlled by the bank. even every day you have limits to take your money from the bank lol

eddyubachs

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Quote from: krishna1 on September 23, 2016, 12:02:15 PM

i choose bitcoin wallet because if i even go to banks they will not treat me like special and also they have very system than bitcoin

Who said that they will not treat you as a special customer? With growing competition among banks each and every customer is important for them and at this stage we cannot depend only on bitcoin wallet, we also need banks for our day to day transactions.

Milkduds

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I would always suggest being ready for all aspects of financial breakdown,so relying on one more than the other would be shortsighted.

Banks are afraid of bitcoin because people are tied to their banks through very few aspects and breaking those bonds leaves them dangling with no support.
With bitcoin is threatens the established foundation of depositing funds into a bank for safe keeping and using them to transact.
Next step would be investing and then credit and they would be done and I see that as a good thing.
But I would not put all my eggs into bitcoin either because the internet could go down and then where would you be?

bitcoluck

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I think bitcoin wallet is much better in my opinion than a bank since it's more supporting on de-centralization , a bank is unnecessary right now on bitcoin, If a site offers interest in a serious way it would be very interesting though

John Constantine

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We know that the Bitcoin Wallet has several advantages, but it needs some improvements to achieve the convenience of the most common systems.

krishna1

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i choose bitcoin wallet because if i even go to banks they will not treat me like special and also they have very system than bitcoin

exscudo

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Today, little jurisdictions have legal regulations for bitcoin turnover. This is why banks can hardly enter into this sphere. They just do not have a handy instrument yet.

Senor.Bla

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Quote from: Xenophoto on September 23, 2016, 10:36:41 AM

After having a lot of money in a Bitcoin wallet, you'll still use your bank account to withdraw those funds. I think bank is safer in my area, there aren't cases in which people are randomly losing their money on their ATM. Bitcoin wallet is more likely to get hacked if you carelessly revealed your email address. There are a number of tools that a hacker can use to know your password and eventually get all your bitcoins.

you would not need to withdraw if you would buy your stuff in bitcoin. or would you still do this if you could pay everywhere in bitcoin? and it is safe if you know how to use it. if you are careless and give everybody your pin number it is kind of your fault if they clean out your account. would you not agree?

Xenophoto

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After having a lot of money in a Bitcoin wallet, you'll still use your bank account to withdraw those funds. I think bank is safer in my area, there aren't cases in which people are randomly losing their money on their ATM. Bitcoin wallet is more likely to get hacked if you carelessly revealed your email address. There are a number of tools that a hacker can use to know your password and eventually get all your bitcoins.

bluechipinvestor

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In my opinion btc wallets are a safer option. In the Banks, fees are higher and there is the problem of centralization, but it's still the most practical way.

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