Bank or Bitcoin Wallet? - page 62. | Bitcointalksearch.org

MingLee

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Quote from: vantyzz on August 12, 2016, 10:59:55 AM

Quote from: agustina2 on August 12, 2016, 10:53:07 AM

Quote from: Layla Mckenzie on August 12, 2016, 10:25:20 AM

Bitcoin wallets can be 10 times more safe than Bank accounts. Goverments are known to confiscate money if you don't pay your taxes and banks are also known for bankruptcy in which case you say bye bye to your money. On the other hand you can have a hardware wallet and keep your coins in the safest place Wink

Wrong.

Goverments are known to confiscate money if you don't pay your taxes

Then why don't pay taxes?? If you have business it's really a must to pay taxes and that is common in every country.

banks are also known for bankruptcy in which case you say bye bye to your money

You think it can be applied as a whole? There are laws associated in every bank so even they experienced bankruptcy you have a good fight and not just a bye bye one unlike when you loss your bitcoin.

On the other hand you can have a hardware wallet and keep your coins in the safest place

There is no safe place. Cool

(Don't react if you don't get this)

The risk of losing your money is always there, regardless of the currency in which your savings are stored, and the more the bank or purse. The risk is always present. Everyone therefore makes the choice in the direction of better security.

The risk of losing everything in whatever currency you have stuff stored in might always be there, but there is definitely not enough risk to worry about it all the time. A majority of currencies have very minimal risk right now, and something that would be catastrophic to the world economy (like 2008) would more than likely have warning signs if you're paying attention. I recommend watching the movie "The Big Short", which talks about the 2008 financial crisis from an investor's point of view, and a group who saw the signs early.

vantyzz

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Quote from: agustina2 on August 12, 2016, 10:53:07 AM

Quote from: Layla Mckenzie on August 12, 2016, 10:25:20 AM

Bitcoin wallets can be 10 times more safe than Bank accounts. Goverments are known to confiscate money if you don't pay your taxes and banks are also known for bankruptcy in which case you say bye bye to your money. On the other hand you can have a hardware wallet and keep your coins in the safest place Wink

Wrong.

Goverments are known to confiscate money if you don't pay your taxes

Then why don't pay taxes?? If you have business it's really a must to pay taxes and that is common in every country.

banks are also known for bankruptcy in which case you say bye bye to your money

You think it can be applied as a whole? There are laws associated in every bank so even they experienced bankruptcy you have a good fight and not just a bye bye one unlike when you loss your bitcoin.

On the other hand you can have a hardware wallet and keep your coins in the safest place

There is no safe place. Cool

(Don't react if you don't get this)

The risk of losing your money is always there, regardless of the currency in which your savings are stored, and the more the bank or purse. The risk is always present. Everyone therefore makes the choice in the direction of better security.

ontrackk

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Quote from: randy8777 on August 12, 2016, 10:43:52 AM

Quote from: Layla Mckenzie on August 12, 2016, 10:25:20 AM

Bitcoin wallets can be 10 times more safe than Bank accounts. Goverments are known to confiscate money if you don't pay your taxes and banks are also known for bankruptcy in which case you say bye bye to your money. On the other hand you can have a hardware wallet and keep your coins in the safest place Wink

hardware wallets are just an optional tool. you don't need them in order to securely store your coins for the long term. all it does is adding extra costs while storing your wallet files in usb drives and/or printing out your private keys is free. with free i mean free in the way that people already have a printer and usb drives at home. that's how i store my coins.

you actually need them because the bitcoins might be stolen from your computer if you have some viruses in it, i think banks will have no future

agustina2

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Quote from: Layla Mckenzie on August 12, 2016, 10:25:20 AM

Bitcoin wallets can be 10 times more safe than Bank accounts. Goverments are known to confiscate money if you don't pay your taxes and banks are also known for bankruptcy in which case you say bye bye to your money. On the other hand you can have a hardware wallet and keep your coins in the safest place Wink

Wrong.

Goverments are known to confiscate money if you don't pay your taxes

Then why don't pay taxes?? If you have business it's really a must to pay taxes and that is common in every country.

banks are also known for bankruptcy in which case you say bye bye to your money

You think it can be applied as a whole? There are laws associated in every bank so even they experienced bankruptcy you have a good fight and not just a bye bye one unlike when you loss your bitcoin.

On the other hand you can have a hardware wallet and keep your coins in the safest place

There is no safe place. Cool

(Don't react if you don't get this)

randy8777

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Quote from: Layla Mckenzie on August 12, 2016, 10:25:20 AM

Bitcoin wallets can be 10 times more safe than Bank accounts. Goverments are known to confiscate money if you don't pay your taxes and banks are also known for bankruptcy in which case you say bye bye to your money. On the other hand you can have a hardware wallet and keep your coins in the safest place Wink

hardware wallets are just an optional tool. you don't need them in order to securely store your coins for the long term. all it does is adding extra costs while storing your wallet files in usb drives and/or printing out your private keys is free. with free i mean free in the way that people already have a printer and usb drives at home. that's how i store my coins.

Layla Mckenzie

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Bitcoin wallets can be 10 times more safe than Bank accounts. Goverments are known to confiscate money if you don't pay your taxes and banks are also known for bankruptcy in which case you say bye bye to your money. On the other hand you can have a hardware wallet and keep your coins in the safest place Wink

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Quote from: funbarrel on August 12, 2016, 09:59:42 AM

Quote from: universe_ on August 12, 2016, 08:42:22 AM

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed

well more or less you are right, though if you hold your bitcoins in an online wallet you might be not able to save your bitcoins then it would be better to use bank

money in the bank is very safe no risk, but I think both are very important. in fact I think everyone here using both.
for me both are the same. but to be honest, I was quite calm when I save my money in the bank, compared in bitcoin wallet.

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Quote from: universe_ on August 12, 2016, 08:42:22 AM

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed

well more or less you are right, though if you hold your bitcoins in an online wallet you might be not able to save your bitcoins then it would be better to use bank

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Quote from: shinratensei_ on August 12, 2016, 08:15:24 AM

Quote from: Dark.Angel on August 12, 2016, 03:54:46 AM

I sure banks will start to accept bitcoin in next time (about 5 years again). From start there can be one bank maybe from USA, and then another and so on. And bitcoin wallet will be in the bank through online web. once again just my oppinion

It's so wrong, if you know the basic structure the bank and bitcoin are different and I think the bank will want to accept bitcoin, but maybe they will accept bitcoin become their partnership but nothing for mixing bitcoin and banks.

They could integrate in their system for transfer of money to make it more faster and cheaper, however it also needs a third party which is a reputable company to bridge the transaction, banks concern are more on transparency and not anonymity because the government hate competition.

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Quote from: tabas on August 12, 2016, 07:50:43 AM

Quote from: Labumi on August 12, 2016, 07:33:56 AM

Quote from: eddyubachs on August 12, 2016, 07:24:51 AM

Quote from: saiha on August 12, 2016, 07:20:49 AM

Quote from: marketgold on August 12, 2016, 07:11:23 AM

Quote from: Dark.Angel on August 12, 2016, 03:54:46 AM

I sure banks will start to accept bitcoin in next time (about 5 years again). From start there can be one bank maybe from USA, and then another and so on. And bitcoin wallet will be in the bank through online web. once again just my oppinion

Fore sure banks have to accept Bitcoin, because in future lots of stores will accept Bitcoin

I don't think banks are going to accept bitcoin because if we are going to think about it, they tend to think that bitcoin is going to be a threat to their industry.

Or if not a law is going to abide the adoption of bitcoin by the bank. But they are both useful and important in terms of taking care of your money or bitcoin.

Its not possible to depend only on one, we will need both of them to take advantage from the services that they are offering, so I will choose to use both of them.

Very precise, both these things are interconnected and mutually beneficial. On the other side of the Bank could give advantage to us in terms of a guarantee or security, the bank provides a full guarantee on all the funds we have from all of the theft or loss. And the profits provide a bitcoin is far more profitable than banks, it is so good to use. And both of these complementary and profitable

Both of it is very helpful for all of us since we are in bitcoins of course bank is going to play an important role as we are going to sell our bitcoins for fiat money. And it is a good experience that I'm able to use them both for my own convenience. Don't only use the one choice of it, it is better if you are going to be wise.

Using both, bitcoin wallets and banks, are convenient. Although there are certain issues that banks have with bitcoins (especially the transparency of all transactions), it would be nearly impossible for banks to adopt and integrate bitcoins however, if they are willing to compromise, then surely it would a convenient way for us to be using a bank and a bitcoin wallet at the same time.

renem

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Quote from: universe_ on August 12, 2016, 08:42:22 AM

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed

yes banks are around for a long time if you search it banks are in long turn where they service are doing good and there service are amazing too the good thing in banks are you can deposit your money like investment because here in my country we earn money while our money is in our banks it's like bitcoin wallet to if the bitcoins price will increase we gonna have profit too right ?

agustina2

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Quote from: universe_ on August 12, 2016, 08:42:22 AM

bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed

Banks are around for really a long time now and you don't think that is a good thing? They are here for long time now because they are a big thing. I see no reason why banks are not a good thing.

Too much coffee will really turned you to an insane one.

universe_

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bitcoin wallet is the best in my opinion, banks are around for a really long time right now and i dont think it is that good of a thing, in my opinion it will be changed

groll

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Quote from: Shibashi Dogemoto on August 12, 2016, 08:30:38 AM

Quote from: shinratensei_ on August 12, 2016, 08:15:24 AM

Quote from: Dark.Angel on August 12, 2016, 03:54:46 AM

I sure banks will start to accept bitcoin in next time (about 5 years again). From start there can be one bank maybe from USA, and then another and so on. And bitcoin wallet will be in the bank through online web. once again just my oppinion

It's so wrong, if you know the basic structure the bank and bitcoin are different and I think the bank will want to accept bitcoin, but maybe they will accept bitcoin become their partnership but nothing for mixing bitcoin and banks.

Banks will never support bitcoins and banks don't need to support bitcoins as they are enjoying support from people and the Government and people will continue to use banks even in future.

Quite right. But maybe if they would see the power of bitcoin to the market right now they might consider it. As time goes by bitcoin is becoming popular and havig that high value right now, banks may thinking or doing something to include bitcoin on their transaction.

I must say that I feel safer using transactions with bitcoin than transacting money online.

Shibashi Dogemoto

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Quote from: shinratensei_ on August 12, 2016, 08:15:24 AM

Quote from: Dark.Angel on August 12, 2016, 03:54:46 AM

I sure banks will start to accept bitcoin in next time (about 5 years again). From start there can be one bank maybe from USA, and then another and so on. And bitcoin wallet will be in the bank through online web. once again just my oppinion

It's so wrong, if you know the basic structure the bank and bitcoin are different and I think the bank will want to accept bitcoin, but maybe they will accept bitcoin become their partnership but nothing for mixing bitcoin and banks.

Banks will never support bitcoins and banks don't need to support bitcoins as they are enjoying support from people and the Government and people will continue to use banks even in future.

machinek20

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I feel safer to save my coin in wallet rather than in bank, i feel i have the power to control my own money and also i feel better if i can save money without being known by other people

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Quote from: Dark.Angel on August 12, 2016, 03:54:46 AM

I sure banks will start to accept bitcoin in next time (about 5 years again). From start there can be one bank maybe from USA, and then another and so on. And bitcoin wallet will be in the bank through online web. once again just my oppinion

It's so wrong, if you know the basic structure the bank and bitcoin are different and I think the bank will want to accept bitcoin, but maybe they will accept bitcoin become their partnership but nothing for mixing bitcoin and banks.

Tanic

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After the story with Bitfinrx hacking I doubt that anyone here will say that bitcoin wallet is better thing. Now banks seem like more saved places to hold money and besides bank gives you some percent for your money holt there. But money in banks can be stolen as well, we all know that. As the money that you dig up in the ground in your yard.

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Quote from: Labumi on August 12, 2016, 07:33:56 AM

Quote from: eddyubachs on August 12, 2016, 07:24:51 AM

Quote from: saiha on August 12, 2016, 07:20:49 AM

Quote from: marketgold on August 12, 2016, 07:11:23 AM

Quote from: Dark.Angel on August 12, 2016, 03:54:46 AM

I sure banks will start to accept bitcoin in next time (about 5 years again). From start there can be one bank maybe from USA, and then another and so on. And bitcoin wallet will be in the bank through online web. once again just my oppinion

Fore sure banks have to accept Bitcoin, because in future lots of stores will accept Bitcoin

I don't think banks are going to accept bitcoin because if we are going to think about it, they tend to think that bitcoin is going to be a threat to their industry.

Or if not a law is going to abide the adoption of bitcoin by the bank. But they are both useful and important in terms of taking care of your money or bitcoin.

Its not possible to depend only on one, we will need both of them to take advantage from the services that they are offering, so I will choose to use both of them.

Very precise, both these things are interconnected and mutually beneficial. On the other side of the Bank could give advantage to us in terms of a guarantee or security, the bank provides a full guarantee on all the funds we have from all of the theft or loss. And the profits provide a bitcoin is far more profitable than banks, it is so good to use. And both of these complementary and profitable

Both of it is very helpful for all of us since we are in bitcoins of course bank is going to play an important role as we are going to sell our bitcoins for fiat money. And it is a good experience that I'm able to use them both for my own convenience. Don't only use the one choice of it, it is better if you are going to be wise.

Labumi

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Quote from: eddyubachs on August 12, 2016, 07:24:51 AM

Quote from: saiha on August 12, 2016, 07:20:49 AM

Quote from: marketgold on August 12, 2016, 07:11:23 AM

Quote from: Dark.Angel on August 12, 2016, 03:54:46 AM

I sure banks will start to accept bitcoin in next time (about 5 years again). From start there can be one bank maybe from USA, and then another and so on. And bitcoin wallet will be in the bank through online web. once again just my oppinion

Fore sure banks have to accept Bitcoin, because in future lots of stores will accept Bitcoin

I don't think banks are going to accept bitcoin because if we are going to think about it, they tend to think that bitcoin is going to be a threat to their industry.

Or if not a law is going to abide the adoption of bitcoin by the bank. But they are both useful and important in terms of taking care of your money or bitcoin.

Its not possible to depend only on one, we will need both of them to take advantage from the services that they are offering, so I will choose to use both of them.

Very precise, both these things are interconnected and mutually beneficial. On the other side of the Bank could give advantage to us in terms of a guarantee or security, the bank provides a full guarantee on all the funds we have from all of the theft or loss. And the profits provide a bitcoin is far more profitable than banks, it is so good to use. And both of these complementary and profitable

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