i would personally say bitcoin wallet as banks lend your cash out to other people and make a profit and give you a tiny portion of the big amount.
Only good thing is about a bank your money is your insured incase the bank or your card gets robbed.
Topic: Bank or Bitcoin Wallet? - page 52. (Read 230503 times)
I think both are needed according to their situation, Bank you need for your fiat currency as at present situation fiat currency is only way of all your work going on, till bitcoin is not coming to main stream bank is always needed. So we need both right now banking for daily work in life and bitcoin for online and future investment like asset holding.
For storing your money?
Let's not fool ourselves. Banks are infinitely safer at this point in time. Sure, we can all spread FUD about how evil and insecure they are, but in a bank, our money is Federally ensured regardless of the circumstance.
Let's not fool ourselves. Banks are infinitely safer at this point in time. Sure, we can all spread FUD about how evil and insecure they are, but in a bank, our money is Federally ensured regardless of the circumstance.
Tell that to Cypriot or Greek
My apologies, sometimes I forget this is a global forum.
I cannot speak for everyone on earth, but in the United States, your money deposited into banks are Federally ensured (up to $250,000 I believe). This is infinitely more secure than the 0 insurance associated with a Bitcoin wallet.
Actually I agree with you when it comes to security. Specially, those who are just relying in bitcoin wallets online. Those who dont have their own personal computer is at risk with their bitcoins all over the wallets. Even the known "put in many baskets" is at risks if a full blown downtime will happen.
I will prefer both options, as for living in real world you need bank for doing the fiat currency work, where you cannot work out with bitcoins, bitcoins are online currency which are still not used in physical condition, so it may consider as investment for future expenses or assets.
Since bitcoin are unstable right now in terms of price, I would not call it as currency but as an investment. I love to invest in risky things that has a good potential in the future particularly bitcoin as I am a believer that in the future digital currency will rule. I only use bank for savings but for investment I rely on bitcoin. It's a though question. Both has many advantages and disadvantages compared to each other. In reality, I'm using both, but my preference's a Bitcoin Wallet because I feel more like in control at a BTC wallet. At a Bank, I can't help if the Bank collapses.
you could avoid the bank collapses when you just heared that they're going to collapse,so it's not the problem with the bank,though the bank will be rarely collapse as it's still growing its invested money for interest,you know what bank is like robber to gain as much money as they couldI think it is indeed the BANK will not collapse or crumble due to the emergence of the bitcoin. Maybe in the future the BANK will increasingly determine conditions or situations happen, because the BANK is a place that is very important for the progress of each country. If the State does not have a bank then the financial system they will be messy and it will create a chaotic economy
It's a though question. Both has many advantages and disadvantages compared to each other. In reality, I'm using both, but my preference's a Bitcoin Wallet because I feel more like in control at a BTC wallet. At a Bank, I can't help if the Bank collapses.
you could avoid the bank collapses when you just heared that they're going to collapse,so it's not the problem with the bank,though the bank will be rarely collapse as it's still growing its invested money for interest,you know what bank is like robber to gain as much money as they could
I will prefer both options, as for living in real world you need bank for doing the fiat currency work, where you cannot work out with bitcoins, bitcoins are online currency which are still not used in physical condition, so it may consider as investment for future expenses or assets.
Both may be useful in different situations, IMO.
Both, you still need banks to live your life and pay the bills and everyday things but you can keep Bitcoin as a long term investment.
Yes i agree with you. Choosing banks or bitcoin wallet is depend on what the goal. Fiat is bad for investments becouse it fluctuations. But I still need fiat for daily life because no one accepting bitcoin in my city at now. I hope bitcoin will accepted everywhere in the future. And I think bank's scared about bitcoin because the P2P technology, isn't it?Both, you still need banks to live your life and pay the bills and everyday things but you can keep Bitcoin as a long term investment.
Yes i agree with you. Choosing banks or bitcoin wallet is depend on what the goal. Fiat is bad for investments becouse it fluctuations. But I still need fiat for daily life because no one accepting bitcoin in my city at now. I hope bitcoin will accepted everywhere in the future. And I think bank's scared about bitcoin because the P2P technology, isn't it? I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.
Yes right now bitcoin still is not that much popular all around the world so first of all every body gets their salary mostly in fiat and in their bank account.So right now banks are the preferred option over bitcoin wallet.For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.
I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.
in fact some company using bitcoin as his salary too, of course the amount of bitcoin is depending about his "real salary and the bitcoin price" , but we still need bank for withdrwa our bitcoin, because today is very hard to found bitcoin ATM.
It is true but if everyone start to accept bitcoin and when we will be able to do shopping with bitcoin then I think we do not need to withdraw our money from bank as fiat, we will be satisfied with bitcoin alone.
I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.
in fact some company using bitcoin as his salary too, of course the amount of bitcoin is depending about his "real salary and the bitcoin price" , but we still need bank for withdrwa our bitcoin, because today is very hard to found bitcoin ATM.
It is true but if everyone start to accept bitcoin and when we will be able to do shopping with bitcoin then I think we do not need to withdraw our money from bank as fiat, we will be satisfied with bitcoin alone.
from the security mesures banks use phyical security which can be robbed if tryed harded and bitcoin uses a vertually encrypted security which is strong but is crackable but as because its like gussing a private key in 3-4year and also we don't know that it will have balance in it or not
We as people are responsible for the security of our wallet files containing our coins. This has nothing to do with the client itself. First of all, you should secure your wallet file with a strong and long passphrase. Best is to use a string of mixed letters, numbers, and symbols. On top of that you can even choose to encrypt your wallet file. It means you have an extremely safe wallet file where no hacker can get into.
It's a though question. Both has many advantages and disadvantages compared to each other. In reality, I'm using both, but my preference's a Bitcoin Wallet because I feel more like in control at a BTC wallet. At a Bank, I can't help if the Bank collapses.
Depend in which state you are, If I had bank account is swiss and could easy deposit sure I would keep 70% there and 30% my hardware or paper wallet
But if you are from some third world state, like I am then its 98% BTC and 1% bank
But if you are from some third world state, like I am then its 98% BTC and 1% bank
To save bitcoins i would for sure use bitcoin wallet, if the interest is raise the savings as well , if i try bank for others services well it has its advantages, something that bitcoin cant offer. Soo both has its advantages but in the end its better you control your own money to let others do that for you.
50 pecent bank and 50 bitcoin! how about that ?!? 
from the security mesures banks use phyical security which can be robbed if tryed harded and bitcoin uses a vertually encrypted security which is strong but is crackable but as because its like gussing a private key in 3-4year and also we don't know that it will have balance in it or not
I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank
Yes, bitcoin wallet seems more safer than banks though there was an issue of security breach on bitfinex but still it is more safer. I have heard of many bank companies that was being hacked by a clever guy and still there is a continuous hacking on every part of the world. Bitcoin wallet is made by a programmer so definitely he took some measures on the program.
Maybe bitcoin wallet is safer than a bank, but not as a bank which guarantees its customers money. Because in my country if the bank loses money or hacked and it was purely a mistake the bank, the bank will reimburse us the appropriate limit in the Promised. Bitcoin wallet was created by programmers, but that does not mean it is 100% unbreakable because it is man-made.
i feel safer for my bitcoins being in my wallet rather than using a bank to store my money. i don't even need to provide personal informations in bitcoin unlike the bank which will require too many personal informations. the only good thing i see for the bank is i can take my money from ATM anytime i want
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