Bank or Bitcoin Wallet? - page 54. | Bitcointalksearch.org

mirakal

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Quote from: Strongkored on August 22, 2016, 11:32:31 PM

Quote from: groll on August 22, 2016, 11:27:56 PM

Quote from: machinek20 on August 22, 2016, 08:23:34 PM

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.

Bank is more safer than bitcoin because bank has an insurance and we are divulging our personal information so we could get the insurance once the bank closes or being robbed, while in bitcoin it is very risky since if your account is hack that is good as a gone money.

Strongkored

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Quote from: groll on August 22, 2016, 11:27:56 PM

Quote from: machinek20 on August 22, 2016, 08:23:34 PM

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.

groll

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Quote from: machinek20 on August 22, 2016, 08:23:34 PM

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.

shamzblueworld

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To choose Bitcoin Wallet at the moment is not possible, especially for the whole of your money/asset/cash. Because it is not accepted as broadly as of yet, here at my place you can do absolutely nothing with it, cannot buy anything for daily life at all, so I would go for banks for now.
For BTC to be as popular as banks, they have to make their ATMs, they have to make it easy for everyone to cash it out, and also make the who process of it a bit more user friendly. I believe it is still geeky enough.

bamboylee

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Quote from: dEJAVU95 on August 22, 2016, 08:08:14 PM

For the time being, bank. It is far more secure IMO, as there are lots of problems with Bitcoin lately. If you hold an online wallet, all may disappear. If you hold them in your computer, it is not as hard that it is broken losing your bitcoins, etc.

You have to educate yourself on how to properly protect your bitcoin properly so you will not lose them. Bitcoin is very secure if you have the proper handling of it. The hack that happened is on the exchanges. There is still no hack that happened to bitcoin or blockchain itself. So in my opinion, bitcoin wallet is safe.

jerowacik

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Quote from: sirohige on August 22, 2016, 09:59:23 PM

Quote from: machinek20 on August 22, 2016, 08:23:34 PM

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

bitcoin is very safe place to save our money but the problem people not use full controll wallet like mycellium or electrum wallet or paper wallet is have full control, so no people can touch our money not like 3rd wallet or centralized changer like poloniex, bittrex etc.

easy and fast access is also a mainstay bitcoin. bitcoin makes it easy for every transaction made. I use bitcoin as bicoin so user friendly to use.

sirohige

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Quote from: machinek20 on August 22, 2016, 08:23:34 PM

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

bitcoin is very safe place to save our money but the problem people not use full controll wallet like mycellium or electrum wallet or paper wallet is have full control, so no people can touch our money not like 3rd wallet or centralized changer like poloniex, bittrex etc.

madwica

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Quote from: MakeMoneyBtc on August 22, 2016, 09:26:08 PM

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.

i prefer both . With bank i can withdraw any time from any bank so it is faster

That is the advantage of the bank specially if you have an ATM any time anywhere you can withdraw money while in bitcoin the best advantage is the high profit on your investments that bank can not give it.

MakeMoneyBtc

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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.

i prefer both . With bank i can withdraw any time from any bank so it is faster

machinek20

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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

dEJAVU95

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For the time being, bank. It is far more secure IMO, as there are lots of problems with Bitcoin lately. If you hold an online wallet, all may disappear. If you hold them in your computer, it is not as hard that it is broken losing your bitcoins, etc.

DU30

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Quote from: sirohige on August 22, 2016, 11:25:32 AM

Quote from: Stack23 on August 22, 2016, 09:36:53 AM

I would prefer bank as they are more secure.

bank is very secure place to transfer our money but, bitcoin is the best choice to transfer our money with lowest fee, cross country, and only few minute to get 1confirmation.

I would have to say that bitcoin is more secure than a bank at this point. Write me a check and there is a way that I could drain everything you have in your bank account. The issue with Bitcoin is not the security, it is the availability of the bitcoin. because it is harder to get access to your bitcoin for every day purchases, it is harder to count on using bitcoin on a daily basis.

dragunfly

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Quote from: OmnesOmni on August 22, 2016, 12:43:36 PM

Ether wallet because Ether Dollar and Stable Dollar will be coming out soon!

i think that ether is not going to have any good future, bitcoins are way better thats why i always use it and never banks

JeffBrad12

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Quote from: greatr on August 22, 2016, 01:22:45 PM

Quote from: Yakamoto on August 22, 2016, 11:27:02 AM

Quote from: mark coins on August 22, 2016, 09:50:56 AM

Quote from: Imoote on August 22, 2016, 09:45:18 AM

Quote from: gerXhonza on August 22, 2016, 06:56:07 AM

Quote from: JessicaSe on August 22, 2016, 06:25:26 AM

Quote from: ukasyah on August 22, 2016, 06:22:27 AM

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.

You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.

though if i had to choose between the two i would go with bitcoin wallet even though it doesnt grow my money

Saving money in a bank is not growing your money too , and especially if you just saving a little amount in there and will be exhausted caused by the tax you can get for every month. I got a tax for my account for every month for $3.

agustina2

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Quote from: Yakamoto on August 22, 2016, 11:27:02 AM

Quote from: mark coins on August 22, 2016, 09:50:56 AM

Quote from: Imoote on August 22, 2016, 09:45:18 AM

Quote from: gerXhonza on August 22, 2016, 06:56:07 AM

Quote from: JessicaSe on August 22, 2016, 06:25:26 AM

Quote from: ukasyah on August 22, 2016, 06:22:27 AM

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.

You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.

Id like just to point out why the hell others people here have annoying knowledge about money saved in banks are not that quite interesting compare to bitcoin savings.

First of all, banks really has low interest but take note that the currency used is strong and even for centavo interest, the returns is really high as time goes by. If the same scene happens in bitcoin and bitcoin price will become stable, expect some same fate in bitcoin since it will be more used now as a currency and not as investment.

greatr

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Quote from: Yakamoto on August 22, 2016, 11:27:02 AM

Quote from: mark coins on August 22, 2016, 09:50:56 AM

Quote from: Imoote on August 22, 2016, 09:45:18 AM

Quote from: gerXhonza on August 22, 2016, 06:56:07 AM

Quote from: JessicaSe on August 22, 2016, 06:25:26 AM

Quote from: ukasyah on August 22, 2016, 06:22:27 AM

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.

You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.

though if i had to choose between the two i would go with bitcoin wallet even though it doesnt grow my money

OmnesOmni

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Ether wallet because Ether Dollar and Stable Dollar will be coming out soon!

richardsNY

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Quote from: Yakamoto on August 22, 2016, 11:27:02 AM

Quote from: mark coins on August 22, 2016, 09:50:56 AM

Quote from: Imoote on August 22, 2016, 09:45:18 AM

Quote from: gerXhonza on August 22, 2016, 06:56:07 AM

Quote from: JessicaSe on August 22, 2016, 06:25:26 AM

Quote from: ukasyah on August 22, 2016, 06:22:27 AM

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.

You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.

The main benefit is that Bitcoin's limited supply and the in potential higher going price, will compensate you in the way that you get to purchase more for the same amount of coins. Put that against fiat money where the value only goes down. The interest rates might compensate for that when they are quite a bit higher than they are now, but at most you'll only find yourself playing break-even when you leave money in your bank account.

olyaru

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Quote from: sirohige on August 22, 2016, 11:25:32 AM

Quote from: Stack23 on August 22, 2016, 09:36:53 AM

I would prefer bank as they are more secure.

bank is very secure place to transfer our money but, bitcoin is the best choice to transfer our money with lowest fee, cross country, and only few minute to get 1confirmation.

Since the currency of the other samples will exist for a long time now and its banks will take. And I think that even with the release of bitcoin on a huge market, banks will not stop their activities.

Yakamoto

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Quote from: mark coins on August 22, 2016, 09:50:56 AM

Quote from: Imoote on August 22, 2016, 09:45:18 AM

Quote from: gerXhonza on August 22, 2016, 06:56:07 AM

Quote from: JessicaSe on August 22, 2016, 06:25:26 AM

Quote from: ukasyah on August 22, 2016, 06:22:27 AM

probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.

Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment.

Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money.

Yes absolutely right bank is better in terms of security and strength in the economy. But both are very different in my opinion. If bitcoin wallet only to invest because we could benefit from price fluctuations, and the bank to save money with a safe and a good guarantee.

Yeah banks are safe to save your money but it will never help you in growing your money which is possible with bitcoin wallet, you can easily grow your money only if you hold them for future.

You got that reversed there bud, Bitcoin wallets have 0 interest and do nothing to help you grow your Bitcoin while a bank does offer interest and helps to grow whatever you have deposited within it. You might be able to grow the value of your Bitcoin just by holding it and waiting for the value to go up, but it doesn't go anything aside from that.

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