Bank or Bitcoin Wallet? - page 50. | Bitcointalksearch.org

chaser15

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Quote from: ranlo on August 25, 2016, 04:18:22 AM

Quote from: chaser15 on August 25, 2016, 03:44:31 AM

Quote from: BTC Loading on August 25, 2016, 02:59:48 AM

I will still chose my bitcoin wallet because it has more security and i will have enough peace of mind

Look at this

Bank disadvantages:-

Seize of funds if you fuck up
The charge you Large transaction fee (it can blow of your mind)
The charge Larger transaction fee if you are doing a swift transfer
Pay for account maintenance
The can block your account if you have not used it for a long time

But with BTCbitcoin wallet i have less worries

All are wrong. I will explain my view to those things you list if you able to explain all things you stated.

Give some strong support and backup to your claims and I will explain to you why your thinking is wrong.

All of his statements depend on the country of residence. You're basing things on your local municipality, and unless you literally live in every country on earth, you can't possibly compare your personal situation with his.

Do you think I will have such statement like that if in the first place he stated that it's only applied in their country??

The statement is general so I need some further explanation about it. And can you please just wait for his answer before you enter the scene. I respect all the comments here.

safari88

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Quote from: ranlo on August 25, 2016, 04:25:44 AM

Quote from: Imoote on August 25, 2016, 04:18:48 AM

Quote from: 1Referee on August 25, 2016, 02:28:52 AM

Quote from: Doms on August 25, 2016, 02:23:31 AM

I have been using bank-related services for a long time now and I can't see myself stopping to use those services, especially now that things are easier with online banking. Although there's always some risks associated with online banking, as with everything nowadays, the most I could do is just make it as secured as possible. With bitcoin, I am only barely scratching the surface of what it can offer and what benefits it can give. Bitcoin for now is more of an experimental journey for me, something that I'm willing to explore further in the next coming years.

The great thing is that you can use both instead of choosing one of the two options. I don't understand why certain people force themselves to choose when they can have the best of both worlds. Internet banking and making online payments have never been this easy. It allows us to pay for things instantly. At least, that's the case here.

Correct. Using both is a good choice and very profitable. We can use the bank to save money securely, and we could use bitcoin for profit or a good short-term investment. Both are very beneficial if used properly.

I'm 99% sure those who bought BTC for $1200 back in 2013 didn't make profit or increase their investment. BTC is beneficial if used properly... as a means of transfer. Not as an investment in and of itself. Claiming BTC is "very profitable" is asinine, and anyone who spent $1200 for their coins I'm sure would agree with that.

otherwise when bitcoin prices at $200 many people benefit a very high, when the price rises above $ 500.
if bitcoin is not profitable, not many people use. bitcoin is a kind of new investment which profitable if you are smart to take that chance.

ranlo

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Quote from: Imoote on August 25, 2016, 04:18:48 AM

Quote from: 1Referee on August 25, 2016, 02:28:52 AM

Quote from: Doms on August 25, 2016, 02:23:31 AM

I have been using bank-related services for a long time now and I can't see myself stopping to use those services, especially now that things are easier with online banking. Although there's always some risks associated with online banking, as with everything nowadays, the most I could do is just make it as secured as possible. With bitcoin, I am only barely scratching the surface of what it can offer and what benefits it can give. Bitcoin for now is more of an experimental journey for me, something that I'm willing to explore further in the next coming years.

The great thing is that you can use both instead of choosing one of the two options. I don't understand why certain people force themselves to choose when they can have the best of both worlds. Internet banking and making online payments have never been this easy. It allows us to pay for things instantly. At least, that's the case here.

Correct. Using both is a good choice and very profitable. We can use the bank to save money securely, and we could use bitcoin for profit or a good short-term investment. Both are very beneficial if used properly.

I'm 99% sure those who bought BTC for $1200 back in 2013 didn't make profit or increase their investment. BTC is beneficial if used properly... as a means of transfer. Not as an investment in and of itself. Claiming BTC is "very profitable" is asinine, and anyone who spent $1200 for their coins I'm sure would agree with that.

Imoote

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Quote from: 1Referee on August 25, 2016, 02:28:52 AM

Quote from: Doms on August 25, 2016, 02:23:31 AM

I have been using bank-related services for a long time now and I can't see myself stopping to use those services, especially now that things are easier with online banking. Although there's always some risks associated with online banking, as with everything nowadays, the most I could do is just make it as secured as possible. With bitcoin, I am only barely scratching the surface of what it can offer and what benefits it can give. Bitcoin for now is more of an experimental journey for me, something that I'm willing to explore further in the next coming years.

The great thing is that you can use both instead of choosing one of the two options. I don't understand why certain people force themselves to choose when they can have the best of both worlds. Internet banking and making online payments have never been this easy. It allows us to pay for things instantly. At least, that's the case here.

Correct. Using both is a good choice and very profitable. We can use the bank to save money securely, and we could use bitcoin for profit or a good short-term investment. Both are very beneficial if used properly.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: chaser15 on August 25, 2016, 03:44:31 AM

Quote from: BTC Loading on August 25, 2016, 02:59:48 AM

I will still chose my bitcoin wallet because it has more security and i will have enough peace of mind

Look at this

Bank disadvantages:-

Seize of funds if you fuck up
The charge you Large transaction fee (it can blow of your mind)
The charge Larger transaction fee if you are doing a swift transfer
Pay for account maintenance
The can block your account if you have not used it for a long time

But with BTCbitcoin wallet i have less worries

All are wrong. I will explain my view to those things you list if you able to explain all things you stated.

Give some strong support and backup to your claims and I will explain to you why your thinking is wrong.

All of his statements depend on the country of residence. You're basing things on your local municipality, and unless you literally live in every country on earth, you can't possibly compare your personal situation with his.

TastyChillySauce00

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Quote from: Senor.Bla on August 25, 2016, 03:19:39 AM

Quote from: X-ray on August 25, 2016, 03:06:43 AM

Quote from: BTC Loading on August 25, 2016, 02:59:48 AM

I will still chose my bitcoin wallet because it has more security and i will have enough peace of mind

Look at this

Bank disadvantages:-

Seize of funds if you fuck up
The charge you Large transaction fee (it can blow of your mind)
The charge Larger transaction fee if you are doing a swift transfer
Pay for account maintenance
The can block your account if you have not used it for a long time

But with BTCbitcoin wallet i have less worries

even your bitcoin could be seized when using bitcoin just see in australia,they're seizing about 24,500 bitcoins and they're just now done auctioning it off to people,but i could agree with your another point,bank is actually plague in this world,get the money from people and robbing people,such a satanic things i guess

seizing bitcoin is possible, but you can prevent it. if you have bitcoin in an online account where the website owner can get there hand on, then it is possible to seize it. also if you have some paper wallets at home just on your table same thing. but if you have your private keys encrypted and stored in a safe place (by that i mean where you can safely reach it) or copies of it. then you should be fine, since nobody can access it besides you.

well i guess if a government wanted to seize the bitcoin,it's not about how to secure privkey or anything else,the government could possibly doing any extreme action just like make the one who was raided getting jailed for life or will have even heavy punishment from the govt,and they could do anything to detect the wallet owner,remember it's a government

chaser15

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Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: BTC Loading on August 25, 2016, 02:59:48 AM

I will still chose my bitcoin wallet because it has more security and i will have enough peace of mind

Look at this

Bank disadvantages:-

Seize of funds if you fuck up
The charge you Large transaction fee (it can blow of your mind)
The charge Larger transaction fee if you are doing a swift transfer
Pay for account maintenance
The can block your account if you have not used it for a long time

But with BTCbitcoin wallet i have less worries

All are wrong. I will explain my view to those things you list if you able to explain all things you stated.

Give some strong support and backup to your claims and I will explain to you why your thinking is wrong.

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: X-ray on August 25, 2016, 03:06:43 AM

Quote from: BTC Loading on August 25, 2016, 02:59:48 AM

I will still chose my bitcoin wallet because it has more security and i will have enough peace of mind

Look at this

Bank disadvantages:-

Seize of funds if you fuck up
The charge you Large transaction fee (it can blow of your mind)
The charge Larger transaction fee if you are doing a swift transfer
Pay for account maintenance
The can block your account if you have not used it for a long time

But with BTCbitcoin wallet i have less worries

even your bitcoin could be seized when using bitcoin just see in australia,they're seizing about 24,500 bitcoins and they're just now done auctioning it off to people,but i could agree with your another point,bank is actually plague in this world,get the money from people and robbing people,such a satanic things i guess

seizing bitcoin is possible, but you can prevent it. if you have bitcoin in an online account where the website owner can get there hand on, then it is possible to seize it. also if you have some paper wallets at home just on your table same thing. but if you have your private keys encrypted and stored in a safe place (by that i mean where you can safely reach it) or copies of it. then you should be fine, since nobody can access it besides you.

X-ray

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Quote from: BTC Loading on August 25, 2016, 02:59:48 AM

I will still chose my bitcoin wallet because it has more security and i will have enough peace of mind

Look at this

Bank disadvantages:-

Seize of funds if you fuck up
The charge you Large transaction fee (it can blow of your mind)
The charge Larger transaction fee if you are doing a swift transfer
Pay for account maintenance
The can block your account if you have not used it for a long time

But with BTCbitcoin wallet i have less worries

even your bitcoin could be seized when using bitcoin just see in australia,they're seizing about 24,500 bitcoins and they're just now done auctioning it off to people,but i could agree with your another point,bank is actually plague in this world,get the money from people and robbing people,such a satanic things i guess

BTC Loading

full member

Activity: 168

Merit: 100

if you believe you can succeed

I will still chose my bitcoin wallet because it has more security and i will have enough peace of mind

Look at this

Bank disadvantages:-

Seize of funds if you fuck up
The charge you Large transaction fee (it can blow of your mind)
The charge Larger transaction fee if you are doing a swift transfer
Pay for account maintenance
The can block your account if you have not used it for a long time

But with BTCbitcoin wallet i have less worries

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: freedomgo on August 25, 2016, 12:21:15 AM

Bank is for security reasons only because you cannot get a big return investing your money in banks unless you own a bank. But what is more important for us is we were able to use both and they do have different purpose since I am in bitcoin for investment and for spending online.

You are wrong. Even for cents increase for everyday is a almost a big return for fiat savings in bank. We are talking about "FIAT" savings here. Fiat has stable price compare to bitcoin that's why the returns are like that. Look how bitcoin price is moving thoroughly whenever your own fiat currency moves for even a cents with a direct exchange to USD. See the impact of bitcoin price in your country when converted to fiat?

Try to trade with fiat in a market and you will know what I mean. It's really different from the return you can get from bitcoin.

1Referee

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Activity: 2170

Merit: 1427

Quote from: Doms on August 25, 2016, 02:23:31 AM

I have been using bank-related services for a long time now and I can't see myself stopping to use those services, especially now that things are easier with online banking. Although there's always some risks associated with online banking, as with everything nowadays, the most I could do is just make it as secured as possible. With bitcoin, I am only barely scratching the surface of what it can offer and what benefits it can give. Bitcoin for now is more of an experimental journey for me, something that I'm willing to explore further in the next coming years.

The great thing is that you can use both instead of choosing one of the two options. I don't understand why certain people force themselves to choose when they can have the best of both worlds. Internet banking and making online payments have never been this easy. It allows us to pay for things instantly. At least, that's the case here.

Doms

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Activity: 714

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I have been using bank-related services for a long time now and I can't see myself stopping to use those services, especially now that things are easier with online banking. Although there's always some risks associated with online banking, as with everything nowadays, the most I could do is just make it as secured as possible. With bitcoin, I am only barely scratching the surface of what it can offer and what benefits it can give. Bitcoin for now is more of an experimental journey for me, something that I'm willing to explore further in the next coming years.

Divinespark

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Activity: 938

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If you use an encrypted BTC-qt wallet or have paperwallets that were created in an offline mode, you will have control over your financial destiny in a way not imaginable or possible under the fiat financial system. It's a complete no-brainer for me.

bamboylee

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Activity: 1148

Merit: 504

Quote from: goldcoinminer on August 24, 2016, 11:02:25 PM

Quote from: danherbias07 on August 24, 2016, 10:46:09 PM

Quote from: Nimbulan on August 24, 2016, 03:52:50 PM

Quote from: Blackmet on August 24, 2016, 09:10:39 AM

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

and why is it not a good idea? bitcoin wallet is definitely way better than just ordinary bank services because it is a lot safer

We got our own opinion on what are really tested by our experiences. Maybe some have experienced worst in banks but got bank their money. That is one hell of a good trust that will stay in people minds. While in online wallets you could what shit happened. This is for those who cant have their own wallets, a no computer person.

It is really hard to trust bitcoin for those people who are not good in the internet as they can easily commit mistakes which will risk their money from stealing that is why I said all the time that we cannot expect majority of people will adopt with bitcoin as it is complicated in their minds and they want security in a simple way.

By now, even the old ones should know already how to protect their email address, credential, log in information. And teaching them how to protect their bitcoin wallet will not be that hard. Bitcoin wallet is very safe. Just do not give away your private keys and you will be fine. Even oldies can do that.

prtty2gal2

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Quote from: sobsitesearch on August 25, 2016, 01:09:31 AM

Choose bank for the securing our money because money in the bank has insurance for the robbery or any bad happens into your money while choose bitcoin if you want to earn much interest than bank although we feel that our money is secure it is more risky than bank.

Not all the country's bank come with the insurance kid of thing like you have mentioned. There are lot of potential risk with bank in many country's bank system till date. Considering to that, I believe bitcoin must be a super secure system. Other than robbery/ fire/ natural calamities, bank's regulations itself a big danger for people's wealth. But bitcoin is complete free from any regulation kind of hurdles.

GregH37

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Quote from: elyas772 on August 24, 2016, 11:57:03 PM

Quote from: Blackmet on August 24, 2016, 09:10:39 AM

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

i think bank is more better if we can't save our private key, but for international transaction i think bitcoin is the best, we can use bitcoin without any ttax and of course less fee

To be very honest I think both have their own benefits and both are great in their own place.
banks can not replace bitcoin, can not kill bitcoin . and the other side bitcoin also can not effect banks and usage of banks.
more people getting interfere into bitcoin which is very good thing but it doesn't mean banks are becoming useless now.

sobsitesearch

sr. member

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Choose bank for the securing our money because money in the bank has insurance for the robbery or any bad happens into your money while choose bitcoin if you want to earn much interest than bank although we feel that our money is secure it is more risky than bank.

passwordnow

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Quote from: freedomgo on August 25, 2016, 12:21:15 AM

Quote from: elyas772 on August 24, 2016, 11:57:03 PM

Quote from: Blackmet on August 24, 2016, 09:10:39 AM

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

i think bank is more better if we can't save our private key, but for international transaction i think bitcoin is the best, we can use bitcoin without any ttax and of course less fee

Bank is for security reasons only because you cannot get a big return investing your money in banks unless you own a bank. But what is more important for us is we were able to use both and they do have different purpose since I am in bitcoin for investment and for spending online.

Banks are really trusted ones to take care of your monetary fund and I am doing it. I have my own savings account and I do keep on saving my money with bank.
But I am also saving my bitcoins to my bitcoin wallet so they are fair.

freedomgo

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Quote from: elyas772 on August 24, 2016, 11:57:03 PM

Quote from: Blackmet on August 24, 2016, 09:10:39 AM

It's not very good idea to compare banks and bitcoin wallet, but anyway for me honestly bank is better, cause it's already time tested and trusted.

i think bank is more better if we can't save our private key, but for international transaction i think bitcoin is the best, we can use bitcoin without any ttax and of course less fee

Bank is for security reasons only because you cannot get a big return investing your money in banks unless you own a bank. But what is more important for us is we were able to use both and they do have different purpose since I am in bitcoin for investment and for spending online.

Topic: Bank or Bitcoin Wallet? - page 50. (Read 230503 times)