Bank or Bitcoin Wallet? - page 69. | Bitcointalksearch.org

Imoote

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Quote from: CoinFoxs on August 06, 2016, 02:25:31 AM

Quote from: KingdomHearts on August 05, 2016, 03:46:17 PM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

i think now a large number of people are getting aware about bitcoin wallet they know about the benefits of bitcoin wallet that bitcoin wallet fees is very much lower and they can use bitcoin as investment and they can be get a big profit from bitcoin wallet .

But don't you think that bitcoin wallet is little bit risky i mean your money would be theft or you would be scammed by someone Isn't it ?? And whom you claim if your money is theft..? Both have their own importance, banks are also good to save your money they also give you profit..

Well both of them have risk at all when it comes to the hackers nothing is impossible to them if they have really the acts of robbing money of the people. But with bank our money have guarantee if something happened to their security and it turns out that it is their fault then we are assured for the money we deposited to them.

True hackers could attack especially bank bitcoin wallet. But the bank has a security guarantee money and bitcoin is not, so that our money is safer in the bank. Bank and bitcoin wallet also have different functions according to me and beneficial for me.

naidray

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Quote from: CoinFoxs on August 06, 2016, 02:25:31 AM

Quote from: KingdomHearts on August 05, 2016, 03:46:17 PM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

i think now a large number of people are getting aware about bitcoin wallet they know about the benefits of bitcoin wallet that bitcoin wallet fees is very much lower and they can use bitcoin as investment and they can be get a big profit from bitcoin wallet .

But don't you think that bitcoin wallet is little bit risky i mean your money would be theft or you would be scammed by someone Isn't it ?? And whom you claim if your money is theft..? Both have their own importance, banks are also good to save your money they also give you profit..

Well both of them have risk at all when it comes to the hackers nothing is impossible to them if they have really the acts of robbing money of the people. But with bank our money have guarantee if something happened to their security and it turns out that it is their fault then we are assured for the money we deposited to them.

It’s true that it’s more safe and the possibility that you would lose all your money in the bank is pretty low but in the other hand, bitcoin is quite convenient and fast when it comes to international business, which you can hardly do with your local currency in your hometown bank.

However, nothing is 100% guaranteed for both bank and bitcoin , and if there is someone who wants to take all the money you have like hackers, robbers, ect then your chance to get it back will be almost impossible.

sirohige

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Quote from: JeffBrad12 on August 06, 2016, 02:34:56 AM

Quote from: sirohige on August 06, 2016, 12:18:00 AM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

in my country we have a organitazion called "the deposit insurance agency" , If bank bankrupt or corruption our money the agency will give our money back 100%

JeffBrad12

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Quote from: sirohige on August 06, 2016, 12:18:00 AM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

CoinFoxs

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Quote from: KingdomHearts on August 05, 2016, 03:46:17 PM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

i think now a large number of people are getting aware about bitcoin wallet they know about the benefits of bitcoin wallet that bitcoin wallet fees is very much lower and they can use bitcoin as investment and they can be get a big profit from bitcoin wallet .

But don't you think that bitcoin wallet is little bit risky i mean your money would be theft or you would be scammed by someone Isn't it ?? And whom you claim if your money is theft..? Both have their own importance, banks are also good to save your money they also give you profit..

yubsep

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I recommended Bitcoin Wallet.. Cuz low fees.. Fastest transfer money and controlling with your wallet 24/7...

gilangIDR

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bitfinex saw the incident which in hacking. then I recommend that deposit money in the BANK safer than storing in bitcoin wallet.

JITENDERPAR3

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both of them are usefull at there place .
but i think bitcoin is more usefull then bank .
becuase of its disadvantage i don't like to save my money in bank .
1) low interest in bank but we can get high profit with trading
2) tax of money transaction but in bitcoin there is only transaction charge not any tax charge.
3) our detail can expose anyone but in bitcoin our detail of identity no one can find

sirohige

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Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

don't forget about bitcoin hacked, Mt gox make perseption of bitcoin is very bad, people who want to invest his money at bitcoin will afraid to lost his money, and now bitfinex hacked ...
in this case people will feel more safety to save his money at bank.

ajun96

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Quote from: sana9821 on October 04, 2015, 12:37:00 PM

i would choose to use bitcoin wallet and have all my money as bitcoins though bitcoin price is really fluctuating so it would be a little bit risky i guess

i absolutely second that

I think that's not a small risk dude. bitcoin prices could fall at any time and whenever bitcoin could die. so it is very risky if you keep all your money in bitcoin. besides that if you keep all the money in bitcoin. surely you will find it hard to shop and spending. for bitcoin has not been so accepted in offline store

mileymatmun

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For me, I would like to use bitcoin wallet because it is faster, more convenient and what I like best about it is that I can get profit from it when the price of bitcoin goes up and I think bitcoin will become more and more popular, which I think will make the bank system collapse.

drwtsn32

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Quote from: iqlimasyadiqa on August 05, 2016, 08:01:27 PM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

yes basically using the bank will be much safer than using bitcoin. BANK has been guaranteed by many financial institutions.

And banks hold the fiat money!
There is no way that majority of the people will choose bitcoin over banks.
Even if bitcoin stood up and proved to be strong, it will never defeat the establishment the banks has made.

iqlimasyadiqa

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Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

yes basically using the bank will be much safer than using bitcoin. BANK has been guaranteed by many financial institutions.

goldcoinminer

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Quote from: Bestwishes745 on August 05, 2016, 06:14:39 PM

Quote from: KingdomHearts on August 05, 2016, 03:46:17 PM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

i think now a large number of people are getting aware about bitcoin wallet they know about the benefits of bitcoin wallet that bitcoin wallet fees is very much lower and they can use bitcoin as investment and they can be get a big profit from bitcoin wallet .

Yeah, bitcoin wallet is more better and beneficial than bank account, with bank account we will have to pay huge fees and tax also while there is only a smaller fees with bitcoin wallet.

My deposit in my bank account does not require me to pay taxes because I just receive income from my interest, but still the amount of interest is not really that great that I can call it as investment, bank is just for safe keeping as it is more secure than bitcoin wallet due to lack of insurance unlike the bank.

Bestwishes745

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Quote from: KingdomHearts on August 05, 2016, 03:46:17 PM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

i think now a large number of people are getting aware about bitcoin wallet they know about the benefits of bitcoin wallet that bitcoin wallet fees is very much lower and they can use bitcoin as investment and they can be get a big profit from bitcoin wallet .

Yeah, bitcoin wallet is more better and beneficial than bank account, with bank account we will have to pay huge fees and tax also while there is only a smaller fees with bitcoin wallet.

StoreBit

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Quote from: Posum578 on August 02, 2016, 08:20:11 PM

I am choosing bank
If you keep your money in bitcoin inside wallet and suddenly price hard drop like now, you will lose your money

I am not going to choose bank only but I am going to choose both. Because they are playing important role when it comes to bitcoin ecosystem.
How we are going to exchange our bitcoins if there are no banks at all and what's the purpose of bitcoin if there is no bitcoin wallet.
So, they are both important.

yes that is right decision because both have their own importance and value, we are using banks for multi purposes, for depositing and withdrawal of money for sending money for some one, and for hundred other purposes, but on other side we wallet for virtual currency to be kept in, so in present time we can not deny the importance of on and i personally both the accounts,

opossum

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Quote from: KingdomHearts on August 05, 2016, 03:46:17 PM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

i think now a large number of people are getting aware about bitcoin wallet they know about the benefits of bitcoin wallet that bitcoin wallet fees is very much lower and they can use bitcoin as investment and they can be get a big profit from bitcoin wallet .

People who are aware about bitcoin will surely prefer to save their money in bitcoin wallet but the fact is not all are aware about bitcoins yet and that is why they are continuing with banks.

KingdomHearts

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Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

i think now a large number of people are getting aware about bitcoin wallet they know about the benefits of bitcoin wallet that bitcoin wallet fees is very much lower and they can use bitcoin as investment and they can be get a big profit from bitcoin wallet .

Achargeturry78

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lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

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Quote from: Efemen on August 05, 2016, 08:26:57 AM

Quote from: freedomgo on August 04, 2016, 10:02:23 AM

The most important thing for the bank is the trust, they are serving the public and they are making on doing it, without the trust and confidence of the public they will not survive so they will make all measures to protect their reputation to the public and would not allow any claim without a valid support.

That is right. I trust my bank more than the bitcoin exchanges. The MT Gox has not returned investors money.

will, this is not about bitcoin exchanges. bitcoin exhcanges are really not that much trusted. you can't depend on an exchange site to keep your bitcoins and safe them. it is your own responsibility to keep your bitcoins in a safe wallet and keep the private keys somewhere safe and deeply hide.
in bitcoin you are your own bank and you need to protect your money in bitcoin.

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