Bank or Bitcoin Wallet? - page 43. | Bitcointalksearch.org

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Quote from: bias on September 03, 2016, 04:08:12 AM

keeping money with a bank would be a safe and prudent decision because there are no uncertainties of Fiat losing or gaining value while keeping your money in bitcoin would be a gain or loss for us

If you keep for example $1,000,000 in your bank account for 10 years, then the amount will remain the same, but the value of that $1,000,000 will decrease throughout the years. Your $1,000,000 will buy you significantly less compared to 10 years ago. That's a very important thing you overlook here.

bias

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keeping money with a bank would be a safe and prudent decision because there are no uncertainties of Fiat losing or gaining value while keeping your money in bitcoin would be a gain or loss for us

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Quote from: Carmen_Sandiego on September 03, 2016, 12:36:46 AM

I would certainly choose the btc wallet, because it has proven to be more secure and it is easier to use, from my point of view. I should add the fact that, when using it, we can have much more control over our funds.

For me, they are both secured banks are secured since there is deposit insurance agency once you are going to deposit money to the bank. Your money is safe with them and if someone is going to breach their system then it is going to be their fault and they are the one that is going to be liable for it. Unlike with bitcoin wallet if someone breaches your wallet you don't have assurance that you can get it again.

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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.

Banks don't like bitcoin because it's competition, it's competition for their business as such they are going to do everything in their power to halt the growth of bitcoin.

I do believe in your statement, they will lose their clients if people will patronize bitcoin. We all want privacy and only in bitcoin where we can experience that because anytime the government can look into our account and even ordinary employees of the bank where we have deposit our money.

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Quote from: Indrawan77 on September 03, 2016, 12:28:35 AM

Quote from: BitLinkInvestments on September 02, 2016, 08:59:43 PM

I keep all my money in Bitcoin I personally do not believe in the future of FIAT currencies. With banks bailing out around the world i would prefer to keep my money in BTC.

Keeping money in bitcoin is a great future investment, however we dont know how long its going last, keeping bitcoin got no insurance while in the bank we got it, but somehow i still prefer saving my money in bitcoin because nobody will know i got some investment in bitcoin

Yeah, because we will not be tax with our income in bitcoin. In bank the government will know that we have money and if we cannot justify the source of our income that is when we will be sued if someone will interest to destroy us, I think some money launderers are using bitcoin to launder their dirty money.

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I would certainly choose the btc wallet, because it has proven to be more secure and it is easier to use, from my point of view. I should add the fact that, when using it, we can have much more control over our funds.

Indrawan77

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Quote from: BitLinkInvestments on September 02, 2016, 08:59:43 PM

I keep all my money in Bitcoin I personally do not believe in the future of FIAT currencies. With banks bailing out around the world i would prefer to keep my money in BTC.

Keeping money in bitcoin is a great future investment, however we dont know how long its going last, keeping bitcoin got no insurance while in the bank we got it, but somehow i still prefer saving my money in bitcoin because nobody will know i got some investment in bitcoin

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Quote from: Shibashi Dogemoto on September 02, 2016, 05:08:01 PM

Quote from: richardsNY on September 02, 2016, 03:00:06 PM

Quote from: useless4 on September 02, 2016, 09:53:57 AM

Quote from: Turk Ace on September 02, 2016, 01:29:49 AM

You can just use a debit card to pay for things normally you want with fait in the shop.

yeah, in my opinion bitcoin debit card could be really useful thats why i always choose to use bitcoin wallet instead of banks to save up my money

Bitcoin debit card is good, but you have to realize that you are not really spending your coins yourself. If you want to make a purchase with your debit card, then the coins get converted, and with that converted money you are purchasing the goods.

I think bitcoin debit card involves higher fees especially when you convert it to your local currency so I dropped the idea of using it, as transferring bitcoins to bank account is more affordable.

It depends, if you look at the BitPay debit card, then they don't charge any fees for using it within the US. Outside the US you have to start paying hefty fees of 3% per currency conversion. That's when things indeed make you lose interest.

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Quote from: BitLinkInvestments on September 02, 2016, 08:59:43 PM

I keep all my money in Bitcoin I personally do not believe in the future of FIAT currencies. With banks bailing out around the world i would prefer to keep my money in BTC.

well. I would also like to add my money. but if my money is in fiat. I don't prefer to exchange them into bitcoin to save them in btc.
I don't think fiat money will get dead in future. no matter bitcoin become how big and how much usage. but it would never effect fiat anyway. govts won't let bitcoin to cover their local currency and kill currency.

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I keep all my money in Bitcoin I personally do not believe in the future of FIAT currencies. With banks bailing out around the world i would prefer to keep my money in BTC.

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Quote from: richardsNY on September 02, 2016, 03:00:06 PM

Quote from: useless4 on September 02, 2016, 09:53:57 AM

Quote from: Turk Ace on September 02, 2016, 01:29:49 AM

You can just use a debit card to pay for things normally you want with fait in the shop.

yeah, in my opinion bitcoin debit card could be really useful thats why i always choose to use bitcoin wallet instead of banks to save up my money

Bitcoin debit card is good, but you have to realize that you are not really spending your coins yourself. If you want to make a purchase with your debit card, then the coins get converted, and with that converted money you are purchasing the goods.

I think bitcoin debit card involves higher fees especially when you convert it to your local currency so I dropped the idea of using it, as transferring bitcoins to bank account is more affordable.

richardsNY

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Quote from: useless4 on September 02, 2016, 09:53:57 AM

Quote from: Turk Ace on September 02, 2016, 01:29:49 AM

You can just use a debit card to pay for things normally you want with fait in the shop.

yeah, in my opinion bitcoin debit card could be really useful thats why i always choose to use bitcoin wallet instead of banks to save up my money

Bitcoin debit card is good, but you have to realize that you are not really spending your coins yourself. If you want to make a purchase with your debit card, then the coins get converted, and with that converted money you are purchasing the goods.

lakisis

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i think bitcoin wallet is much more better than bank wallet because bank wallet have a high fees charge and bitcoin wallet have no fees charge and bitcoin wallet is much more safe than bank account and bitcoin wallet is very good for us we can get a good profit when bitcoin go to rise its price .

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Quote from: useless4 on September 02, 2016, 09:53:57 AM

Quote from: Turk Ace on September 02, 2016, 01:29:49 AM

You can just use a debit card to pay for things normally you want with fait in the shop.

yeah, in my opinion bitcoin debit card could be really useful thats why i always choose to use bitcoin wallet instead of banks to save up my money

So you preferred to use bitcoin debit card rather than the fiat credit card?

You are just wasting profits here. Use your fiat credit card instead and saved bitcoins.

And besides you think the retail price of the product will have the same rates when your purchase it thru bitcoin and fiat? No they are different.

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Quote from: 1Referee on September 02, 2016, 03:56:24 AM

Quote from: extrabyte on September 02, 2016, 03:54:29 AM

Quote from: yudy on September 01, 2016, 09:51:09 PM

its saving to save my money iam choose bank
in my money want to growth is very fast iam choose bitcoin wallet in trade altcoin or trade bitcoin fiat money

you statement is not clear. but I assume that when it comes about saving you'll choose banks.
and you'll use bitcoin only for trading.
let me tell you that saving in bitcoin is more profitable. even bitcoin price is unpredictable but in the bank your money will remain same no matter if you save them for 10 years or 20 years. but if you save in bitcoin you'll possibly earn double porfit.

Leaving the coins in your wallet can give you a decent profit, that's right, but only on paper. In order to really benefit from the profit you made, you have to secure profits, or at least start spending coins.

Holding bitcoins will give you little profits and that also only if price goes higher in future and it will also depend on how much coins your are holding, its better to trade them and take coins to higher level.

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Quote from: Turk Ace on September 02, 2016, 01:29:49 AM

You can just use a debit card to pay for things normally you want with fait in the shop.

yeah, in my opinion bitcoin debit card could be really useful thats why i always choose to use bitcoin wallet instead of banks to save up my money

1Referee

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Quote from: extrabyte on September 02, 2016, 03:54:29 AM

Quote from: yudy on September 01, 2016, 09:51:09 PM

its saving to save my money iam choose bank
in my money want to growth is very fast iam choose bitcoin wallet in trade altcoin or trade bitcoin fiat money

you statement is not clear. but I assume that when it comes about saving you'll choose banks.
and you'll use bitcoin only for trading.
let me tell you that saving in bitcoin is more profitable. even bitcoin price is unpredictable but in the bank your money will remain same no matter if you save them for 10 years or 20 years. but if you save in bitcoin you'll possibly earn double porfit.

Leaving the coins in your wallet can give you a decent profit, that's right, but only on paper. In order to really benefit from the profit you made, you have to secure profits, or at least start spending coins.

extrabyte

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Quote from: yudy on September 01, 2016, 09:51:09 PM

its saving to save my money iam choose bank
in my money want to growth is very fast iam choose bitcoin wallet in trade altcoin or trade bitcoin fiat money

you statement is not clear. but I assume that when it comes about saving you'll choose banks.
and you'll use bitcoin only for trading.
let me tell you that saving in bitcoin is more profitable. even bitcoin price is unpredictable but in the bank your money will remain same no matter if you save them for 10 years or 20 years. but if you save in bitcoin you'll possibly earn double porfit.

madwica

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Quote from: Turk Ace on September 02, 2016, 01:29:49 AM

You can just use a debit card to pay for things normally you want with fait in the shop.

Debit card of bitcoin or debit card of fiat i think that two is almost the same uses, but most of the time debit card of fiat is much acceptable at this time since not more stores accepting bitcoin as form of payment. That is why if you have bitcoin and bank account is much advantage that the people who only own one of the two.

Turk Ace

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You can just use a debit card to pay for things normally you want with fait in the shop.

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