Bank or Bitcoin Wallet? - page 33. | Bitcointalksearch.org

windale

member

Activity: 112

Merit: 10

Quote from: mixan on September 14, 2016, 08:32:12 PM

I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank.
They don't actually have your money in there you know. Embarrassed

if you want your savety your money
and can use any time to buy something your must choose bank
but you want growth your capital money your must use bitcoin wallet
so bitcoin wallet you can easy and flexible trading

hendra147

hero member

Activity: 644

Merit: 509

Quote from: The_Dark_Knight on September 15, 2016, 08:45:35 PM

The bitcoin wallet no doubt about that, in my country many people do not have access to banks but with bitcoin you don’t even have to own a computer or a cellphone as long as you can access to one for a short period of time you will be fine

i think country where we can't acces bank is very far from city, and the internet conection usually is very hard too, in this case the goverment must build infrastructur at your village.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

The bitcoin wallet no doubt about that, in my country many people do not have access to banks but with bitcoin you don’t even have to own a computer or a cellphone as long as you can access to one for a short period of time you will be fine

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: klopcoin on September 15, 2016, 07:47:42 AM

What is wallet superiority? I know the bank is the safe one to keep my money. How about the wallets? Anyone can help me to know please Grin

with bitcoin you actually hold what you own. that's not the case with banks. that said, when you store your money in bitcoin, you first need to make sure that you are having a clean virus free computer. if that's the case, then you can secure your wallet file(s) with a very strong passphrase in order to "guarantee" that your coins are safe. and of course there are more security options that you can use to have a safe wallet, but that was just an easy example. if your computer security isn't top notch, and the wallet file is secured with a poor password, then then a bitcoin wallet won't offer you any security. but that's all up to you.

Corenin

legendary

Activity: 1008

Merit: 1000

Quote from: groll on September 15, 2016, 08:01:20 AM

Quote from: mixan on September 14, 2016, 08:32:12 PM

I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank.
They don't actually have your money in there you know. Embarrassed

You mean it os not really there because they use your money to loan to someone?

Yes, if you put your money to your bitcoin wallet as bitcoins it is like having put it in the bank. Bitcoin price goes up so your bitcoin is like having some interest. But if it goes down then banking is better. There are advantage and disadvantage with both, the bank and bitcoin wallet.

Both are important for us at a moment, as if we loose coins from our wallet then its almost impossible to recover them back but if same thing happens with banks then they will take responsibility to recover our money.

groll

sr. member

Activity: 336

Merit: 250

Quote from: mixan on September 14, 2016, 08:32:12 PM

I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank.
They don't actually have your money in there you know. Embarrassed

You mean it os not really there because they use your money to loan to someone?

Yes, if you put your money to your bitcoin wallet as bitcoins it is like having put it in the bank. Bitcoin price goes up so your bitcoin is like having some interest. But if it goes down then banking is better. There are advantage and disadvantage with both, the bank and bitcoin wallet.

klopcoin

newbie

Activity: 56

Merit: 0

What is wallet superiority? I know the bank is the safe one to keep my money. How about the wallets? Anyone can help me to know please Grin

AsaroUk

sr. member

Activity: 364

Merit: 250

Quote from: ironm@n on September 15, 2016, 02:05:30 AM

The btc wallet is a great option, but the problem is that we depend on paper money to live today. Taking this into consideration, I would choose both to use.

A bank account vs a wallet is a easy choice. Banks allow us to pay our bills like rent and phone bills. Bitcoin not yet which makes a bank account mandatory and a wallet a hobby.
This will change but now we have to deal with the banks.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: mixan on September 14, 2016, 08:32:12 PM

I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank.
They don't actually have your money in there you know. Embarrassed

I understand what you say, but if I want to take out all my money from the bank that I use, I am definitely able to do so. But when people form groups and start to request a cashout of all their money, then it will be completely different. Banks will then run into problems because they indeed don't have that money. The majority of the money is stuck in mortgages, loands, stock market, etc.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: dhimasnk on September 15, 2016, 05:19:27 AM

banks and bitcoin wallet has its own advantages and disadvantages. bank very safe to save money but can not be used as an investment. contrasts with bitcoin wallet

i think that when you're saving in your bank if you have quite big amount the interest that given by bank even just a tiny percent could give you pretty decent profit,though there's also an offer by bank about fixed deposit that's working the same as investing so i don't agree with you that saving in bank can't be counted as investment

dhimasnk

hero member

Activity: 546

Merit: 500

banks and bitcoin wallet has its own advantages and disadvantages. bank very safe to save money but can not be used as an investment. contrasts with bitcoin wallet

JessicaSe

legendary

Activity: 840

Merit: 1000

I will go with both of them, as I still feel that our money is safe with banks and we need fiat for our day to day expenses and bitcoin can take care of our online transactions.

zahra4577

hero member

Activity: 518

Merit: 500

I prefer bank and if there are any bitcoin bank where we can keep our coins,I would be happy to put my coins there

CoinBreader

hero member

Activity: 672

Merit: 500

Bitcoin bank ? NO thank you very much! why ?
Consider the current exchanges like banks, (yes you dont getting any rate per month/year) but what is happening Huh

they get hacked (internal /external ) doesn t matter, what it matters is your coins is lost! so its better to keep them on your own wallet , and be responsible if some bad happens and you have take any safety.

ironm@n

sr. member

Activity: 259

Merit: 250

The btc wallet is a great option, but the problem is that we depend on paper money to live today. Taking this into consideration, I would choose both to use.

bamboylee

hero member

Activity: 1148

Merit: 504

Quote from: mixan on September 14, 2016, 08:32:12 PM

I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank.
They don't actually have your money in there you know. Embarrassed

I guess you are right because they lend out your money to make interest. But I think they are obligated to be liquid and you can get your money anytime you want. And they are covered with some insurance so they are secure to me. But if you feel you are better off having your money in bitcoin, then I guess it is okay too.

tabas

hero member

Activity: 3024

Merit: 745

🌀 Cosmic Casino

Quote from: madwica on September 15, 2016, 01:06:34 AM

Quote from: ranlo on September 15, 2016, 12:38:36 AM

Quote from: mixan on September 14, 2016, 08:32:12 PM

I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank.
They don't actually have your money in there you know. Embarrassed

Fiat is still needed, no matter how you look at it. SOME things have to be purchased using fiat. There's just no way around this.

Agreed fiat is much prefer to used by more people and bitcoin is only for investment that only few people knowing this and that is the advantage of users of bitcoin to people who really do not know about bitcoin.

Bitcoin is also used as currency but for me banks are good too. But I won't choose only one from them because I will going to prefer both of them because we are really enjoying the use of bitcoin as investment as once you have profit you are going to convert that to fiat money and how you are going to store that fiat if there is no bank.

madwica

hero member

Activity: 714

Merit: 531

Quote from: ranlo on September 15, 2016, 12:38:36 AM

Quote from: mixan on September 14, 2016, 08:32:12 PM

I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank.
They don't actually have your money in there you know. Embarrassed

Fiat is still needed, no matter how you look at it. SOME things have to be purchased using fiat. There's just no way around this.

Agreed fiat is much prefer to used by more people and bitcoin is only for investment that only few people knowing this and that is the advantage of users of bitcoin to people who really do not know about bitcoin.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: mixan on September 14, 2016, 08:32:12 PM

I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank.
They don't actually have your money in there you know. Embarrassed

Fiat is still needed, no matter how you look at it. SOME things have to be purchased using fiat. There's just no way around this.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Quote from: mixan on September 14, 2016, 08:32:12 PM

I prefer my bitcoin wallet because it just feels much more secure to me than to be holding my money in the bank.
They don't actually have your money in there you know. Embarrassed

Yes you're right dude I thought it also, its just like investing you're money in banks. And I guess many users here in bitcointalk which have a professional job and a company they managed have also a bank accounts and bitcoin wallet address, they could not avoid making bank accounts because I guess its required to them with their business .

Topic: Bank or Bitcoin Wallet? - page 33. (Read 230501 times)