Bank or Bitcoin Wallet? - page 41. | Bitcointalksearch.org

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Quote from: Blackmet on September 05, 2016, 02:35:27 PM

I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.

As mentioned by above mate, bitcoin wallet and banks differ exactly in terms of usage and accessibility, but due to the increased acceptance bank were preferred by most users and upon other technology advancement bitcoin and digital currencies were getting acceptance continuously.

sirohige

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Quote from: 1Referee on September 06, 2016, 04:03:11 AM

Quote from: Blackmet on September 05, 2016, 02:35:27 PM

I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.

Nice thing of Bitcoin is that you don't need to convert it to your local currency as you would have to when you change USD to RUR for example. You can directly cash out your coins into any currency you wish. No hassle. Instead of bank accounts with several balances in different currencies, you have 1 balance with Bitcoin that you can split into any currency. Great advantage.

are you thinking you can't split your U.s dollar to other currency?
in my country i can convert us.dollar (payoal) to my local bank every day, only in minute Roll Eyes

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Quote from: Blackmet on September 05, 2016, 02:35:27 PM

I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.

Nice thing of Bitcoin is that you don't need to convert it to your local currency as you would have to when you change USD to RUR for example. You can directly cash out your coins into any currency you wish. No hassle. Instead of bank accounts with several balances in different currencies, you have 1 balance with Bitcoin that you can split into any currency. Great advantage.

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Quote from: goldcoinminer on September 06, 2016, 03:53:00 AM

Quote from: Blackmet on September 05, 2016, 02:35:27 PM

I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.

They can be compared because they have a unique system, banks are centralized while bitcoin is decentralized, that is actually the main comparison of the two, now if an individual does not want to divulge his real information that link to his deposit, he can also use bitcoin as a solution on the problem.

Yeah if he wants to deal in huge amount without disclosing his identity then bitcoin is the solution, but I still feel that someday somewhere he will need banks too.

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Quote from: Blackmet on September 05, 2016, 02:35:27 PM

I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.

They can be compared because they have a unique system, banks are centralized while bitcoin is decentralized, that is actually the main comparison of the two, now if an individual does not want to divulge his real information that link to his deposit, he can also use bitcoin as a solution on the problem.

Blackmet

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I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.

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Quote from: Ewinsane on September 05, 2016, 01:35:17 PM

Quote from: richkellj on September 05, 2016, 01:01:31 PM

Quote from: livinglegend on September 03, 2016, 04:57:07 PM

I think each of them have different purposes, you can see that both, bank and bitcoin wallets, are good for different things. You can keep your money at a bank keeping it safe, but also have some profit on it holding the btcs into your wallet.

I also think that BTC wallet and bank are very different from each other. Banks have many functions and have become very important part in daily life of people and on the other hand Bitcoins are still very new.
Bitcoins wallet can use to easy and fast transfer of money as compared to bank because of more rules and regulations.

Yeah you are right that bitcoin wallet and bank is very different from each other, but i like bitcoin wallet sometime i feel secure my balance in bitcoin wallet and its true that bitcoin wallet transaction is very easy and too much fast transaction.

Its more safe in banks than bitcoin because there is no guarantee if you account was hack unlike in real banks they can still pay you back once yuour account was hack.. bitcoin is just a good alternative if you dont have government id's and papers.. so bitcoin is the best alternative.

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Quote from: richkellj on September 05, 2016, 01:01:31 PM

Quote from: livinglegend on September 03, 2016, 04:57:07 PM

I think each of them have different purposes, you can see that both, bank and bitcoin wallets, are good for different things. You can keep your money at a bank keeping it safe, but also have some profit on it holding the btcs into your wallet.

I also think that BTC wallet and bank are very different from each other. Banks have many functions and have become very important part in daily life of people and on the other hand Bitcoins are still very new.
Bitcoins wallet can use to easy and fast transfer of money as compared to bank because of more rules and regulations.

Yeah you are right that bitcoin wallet and bank is very different from each other, but i like bitcoin wallet sometime i feel secure my balance in bitcoin wallet and its true that bitcoin wallet transaction is very easy and too much fast transaction.

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Quote from: livinglegend on September 03, 2016, 04:57:07 PM

I think each of them have different purposes, you can see that both, bank and bitcoin wallets, are good for different things. You can keep your money at a bank keeping it safe, but also have some profit on it holding the btcs into your wallet.

I also think that BTC wallet and bank are very different from each other. Banks have many functions and have become very important part in daily life of people and on the other hand Bitcoins are still very new.
Bitcoins wallet can use to easy and fast transfer of money as compared to bank because of more rules and regulations.

springgers

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excluding HYIP's and the like which can't be considered banks, a bank is so much against the concept of bitcoin mainly the de-centralization and the open network, While with a bank you would be putting a large portion of bitcoins with a single entity, of course it would be the people's free choice if they do that to get some % for their bitcoins.

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Quote from: BlackPanda on September 04, 2016, 09:54:56 PM

Quote from: dandroid on September 04, 2016, 09:03:44 PM

I personally use both, I'm saving bitcoin to sell at highest price, and I'm saving fiat currency into the bank to buy bitcoin at a lower price.
That's why I believe that both have important roles in different situations.

of course, I agree with you. both have advantages and disadvantages of each. by keeping both of us can have a better future as well.
because both are also needed, required under the conditions that we experience.

you are right, of course both banks and bitcoin wallets are needed though in my opinion in the future we might not even need any banks

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Quote from: goldcoinminer on September 05, 2016, 02:21:03 AM

Quote from: BlackPanda on September 04, 2016, 09:54:56 PM

Quote from: dandroid on September 04, 2016, 09:03:44 PM

I personally use both, I'm saving bitcoin to sell at highest price, and I'm saving fiat currency into the bank to buy bitcoin at a lower price.
That's why I believe that both have important roles in different situations.

of course, I agree with you. both have advantages and disadvantages of each. by keeping both of us can have a better future as well.
because both are also needed, required under the conditions that we experience.

Without bank there will be a chaos around, bank is the legitimate business from the government for us to save our money, there are regulated by the government laws to protect its depositor, with that alone we are feeling secured with our money, bitcoin wallet is only good when you have an amount of money for investment that you are going to use anytime you want.

Absolutely true, Banks is much stronger than bitcoin many decades comes and bank still bank they always upgrade their system to give better services to their clients but bitcoin is only good for those people looking for extra income because it is easy to earn and without requirements but not much secured.

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Quote from: BlackPanda on September 04, 2016, 09:54:56 PM

Quote from: dandroid on September 04, 2016, 09:03:44 PM

I personally use both, I'm saving bitcoin to sell at highest price, and I'm saving fiat currency into the bank to buy bitcoin at a lower price.
That's why I believe that both have important roles in different situations.

of course, I agree with you. both have advantages and disadvantages of each. by keeping both of us can have a better future as well.
because both are also needed, required under the conditions that we experience.

Without bank there will be a chaos around, bank is the legitimate business from the government for us to save our money, there are regulated by the government laws to protect its depositor, with that alone we are feeling secured with our money, bitcoin wallet is only good when you have an amount of money for investment that you are going to use anytime you want.

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Quote from: dandroid on September 04, 2016, 09:03:44 PM

I personally use both, I'm saving bitcoin to sell at highest price, and I'm saving fiat currency into the bank to buy bitcoin at a lower price.
That's why I believe that both have important roles in different situations.

of course, I agree with you. both have advantages and disadvantages of each. by keeping both of us can have a better future as well.
because both are also needed, required under the conditions that we experience.

partialist

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Hardware bitcoin wallets are the safest way to store your assets.

dandroid

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I personally use both, I'm saving bitcoin to sell at highest price, and I'm saving fiat currency into the bank to buy bitcoin at a lower price.
That's why I believe that both have important roles in different situations.

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Quote from: iqlimasyadiqa on September 04, 2016, 07:28:58 PM

Quote from: dandroid on September 04, 2016, 07:25:42 PM

Well, to be honest, despite the fact that bitcoin wallets still have to evolve a lot to attract more users, I think it is already much better option, because the use of bitcoin wallets can give to us real control over our own funds and, of course, better security if you know use it. And the best thing: in a decentralized manner, which is not possible when using the banking system.

I agree with your arguments. bitcoin financial system is very centralized and is not influenced by other things.
bitcoin wallet more anonymouse and also safe.

bitcoin is no longer anonymous because many developer wallet online bitcoin requiring personal data, which might be said to be a step forward for bitcoin can accepted by the government, but a step backward for bitcoin users.

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:)

Ofcourse bitcoin wallet because have big opportunities to grow my money
Bank not increase my money but secure to my future

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Quote from: krishna1 on September 03, 2016, 12:18:00 PM

Technocally bitcoin wallets are strongest for money storage but legally bitcoin can be considered as a black money storage by some rule governments they will blame bitcoin if they can not defete it but whi cares i don't

That is why people should do some research as to what their government thinks about bitcoin. In the United States, bitcoin is considered an asset. There are banking laws in place for those who will be lending it and treating it like a currency, but the government has yet to see it as a currency. So it is more about how your government looks at it to determine how vulnerable it is. I personally choose bitcoin over a bank any day.

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Quote from: dandroid on September 04, 2016, 07:25:42 PM

Well, to be honest, despite the fact that bitcoin wallets still have to evolve a lot to attract more users, I think it is already much better option, because the use of bitcoin wallets can give to us real control over our own funds and, of course, better security if you know use it. And the best thing: in a decentralized manner, which is not possible when using the banking system.

I agree with your arguments. bitcoin financial system is very centralized and is not influenced by other things.
bitcoin wallet more anonymouse and also safe.

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