Bank or Bitcoin Wallet? - page 71. | Bitcointalksearch.org

Imoote

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Quote from: elyas772 on August 03, 2016, 02:50:42 AM

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.

maybe bank will not accept bitcoin because bitcoin currency is unstable so the banks are afraid to use bitcoin currency, unless the bank can predict currency Bitcoin appropriately.

True bank would not likely accept bitcoin because if it happens will definitely change all the latest systems. I also use the banks and bitcoin wallet in different functions. I use the bank to save money and I use bitcoin wallet to invest.

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Quote from: elyas772 on August 03, 2016, 02:50:42 AM

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.

maybe bank will not accept bitcoin because bitcoin currency is unstable so the banks are afraid to use bitcoin currency, unless the bank can predict currency Bitcoin appropriately.

Nobody can predict BTC, unless we've got a big event coming after us. I consider Bitcoin wallet is safer than a Bank. For many reasons, I've never trusted the banks and I never will. I see the banks as our actual enemies, looking just for us to get into a bad financial situation & get everything from us. I don't fully trust Bitcoin either, but there are no rules here so.. it's better.

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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.

for now, i prefer bank and bitcoin, why? because in my country, my government didn't react about bitcoin and they not yet make conclusion about accepted or not, they just make statement that government is not responsible in any happen if people lost their bitcoin.

i think banks in my country is not ready about bitcoin and they not afraid, they just not ready to accepted bitcoin as e-currency in internet and if bitcoin is accepting as payments, then it will become a revolutionary from bank into society community and for many people.

bank can not solve mining and money circulation problems because it is not in their hands, maybe banks will make some controlling of bitcoin so when people receive bitcoin in their account, banks will know how much the amount, and banks will know people which receive bitcoin.

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Bitcoin can not be compared with banks when it comes to spend it on everyday stuff as this has low acceptance like paying in super markets for food items. Bitcoin is good in money online transfers in remittance market where is in dominating position and will make its space successfully. I will say Bitcoin and banks both are necessary right now and can not be on single side fully.

elyas772

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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.

maybe bank will not accept bitcoin because bitcoin currency is unstable so the banks are afraid to use bitcoin currency, unless the bank can predict currency Bitcoin appropriately.

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Quote from: madwica on August 03, 2016, 02:22:45 AM

Quote from: mirakal on August 03, 2016, 01:58:32 AM

Quote from: Strongkored on August 03, 2016, 01:16:46 AM

Quote from: blackmachinegun on August 03, 2016, 01:11:43 AM

I think today bitcoin can be regarded as an investment and the bank is a place to store the fiat money right? basically we can use both
( bank and bitcoin wallet) because we need to save bitcoin in bitcoin wallet. and we still use fiat to pay everyday life. I think we need both

Yeah, as I have said before is we really do need these two things. Bitcoin wallet to save our bitcoin, while the bank used to take bitcoin that we exchange with fiat

Because we know there is still sparse physical stores that accept bitcoin and the way this is done by most bitcoin users.

Our interest with bitcoin now is not really to transact online because we are more interested on the investment side of bitcoin, I know banks offers deposits but it is really not good than the possible amount we can earn with bitcoin if we are risking our money by putting it as investment.

All investment has includes risk then if you save money in bitcoin it is a form of investment on that investment is no assurance that will gives you a return of profit but in the bank if you save your money it has assurance that your money will grow even it has small interest. That is why if you take higher risk you will gain also higher income.

You might overlook something dude, I know that the bank offers you interest but if you look at closely you will realize that your money is not really growing in terms of value, we are just trick by the bank as the only thing that grows is just its figure since the longer we deposit it is subject to inflation.

madwica

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Quote from: mirakal on August 03, 2016, 01:58:32 AM

Quote from: Strongkored on August 03, 2016, 01:16:46 AM

Quote from: blackmachinegun on August 03, 2016, 01:11:43 AM

I think today bitcoin can be regarded as an investment and the bank is a place to store the fiat money right? basically we can use both
( bank and bitcoin wallet) because we need to save bitcoin in bitcoin wallet. and we still use fiat to pay everyday life. I think we need both

Yeah, as I have said before is we really do need these two things. Bitcoin wallet to save our bitcoin, while the bank used to take bitcoin that we exchange with fiat

Because we know there is still sparse physical stores that accept bitcoin and the way this is done by most bitcoin users.

Our interest with bitcoin now is not really to transact online because we are more interested on the investment side of bitcoin, I know banks offers deposits but it is really not good than the possible amount we can earn with bitcoin if we are risking our money by putting it as investment.

All investment has includes risk then if you save money in bitcoin it is a form of investment on that investment is no assurance that will gives you a return of profit but in the bank if you save your money it has assurance that your money will grow even it has small interest. That is why if you take higher risk you will gain also higher income.

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Quote from: Strongkored on August 03, 2016, 01:16:46 AM

Quote from: blackmachinegun on August 03, 2016, 01:11:43 AM

I think today bitcoin can be regarded as an investment and the bank is a place to store the fiat money right? basically we can use both
( bank and bitcoin wallet) because we need to save bitcoin in bitcoin wallet. and we still use fiat to pay everyday life. I think we need both

Yeah, as I have said before is we really do need these two things. Bitcoin wallet to save our bitcoin, while the bank used to take bitcoin that we exchange with fiat

Because we know there is still sparse physical stores that accept bitcoin and the way this is done by most bitcoin users.

Our interest with bitcoin now is not really to transact online because we are more interested on the investment side of bitcoin, I know banks offers deposits but it is really not good than the possible amount we can earn with bitcoin if we are risking our money by putting it as investment.

icecube45

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Quote from: Strongkored on August 03, 2016, 01:16:46 AM

Quote from: blackmachinegun on August 03, 2016, 01:11:43 AM

I think today bitcoin can be regarded as an investment and the bank is a place to store the fiat money right? basically we can use both
( bank and bitcoin wallet) because we need to save bitcoin in bitcoin wallet. and we still use fiat to pay everyday life. I think we need both

Yeah, as I have said before is we really do need these two things. Bitcoin wallet to save our bitcoin, while the bank used to take bitcoin that we exchange with fiat

Because we know there is still sparse physical stores that accept bitcoin and the way this is done by most bitcoin users.

Yes true but even if no physical stores that accept bitcoin payments we will need the bank. I think both are needed. I myself use bitcoin for investment and use the bank to save money.

Strongkored

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Quote from: blackmachinegun on August 03, 2016, 01:11:43 AM

I think today bitcoin can be regarded as an investment and the bank is a place to store the fiat money right? basically we can use both
( bank and bitcoin wallet) because we need to save bitcoin in bitcoin wallet. and we still use fiat to pay everyday life. I think we need both

Yeah, as I have said before is we really do need these two things. Bitcoin wallet to save our bitcoin, while the bank used to take bitcoin that we exchange with fiat

Because we know there is still sparse physical stores that accept bitcoin and the way this is done by most bitcoin users.

blackmachinegun

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Quote from: Strongkored on August 02, 2016, 11:48:58 PM

Quote from: chaser15 on August 02, 2016, 10:41:59 PM

It depends on people's situation, if people have a decent source of income without doing such investments then it's optional for them if they still want to do some investment. But there are people who has only fixed income on a regular basis so thinking of making an investment can be placed in the table.

Right, is to invest we have to think long. I think indeed it depends on each person. But for me as much as possible should invest despite the nominal bit

I think today bitcoin can be regarded as an investment and the bank is a place to store the fiat money right? basically we can use both
( bank and bitcoin wallet) because we need to save bitcoin in bitcoin wallet. and we still use fiat to pay everyday life. I think we need both

diodio5

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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

yeah I think it is a risk that exists in bitcoin. You're not saving money in bitcoin but you invest money into bitcoin. certainly investment will always have risks. if saving money is certainly more people will choose to save their money in banks. because there is no risk of loss in it

Strongkored

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Quote from: chaser15 on August 02, 2016, 10:41:59 PM

It depends on people's situation, if people have a decent source of income without doing such investments then it's optional for them if they still want to do some investment. But there are people who has only fixed income on a regular basis so thinking of making an investment can be placed in the table.

Right, is to invest we have to think long. I think indeed it depends on each person. But for me as much as possible should invest despite the nominal bit

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Quote from: Strongkored on August 02, 2016, 10:37:00 PM

Quote from: freedomgo on August 02, 2016, 09:24:00 PM

Definitely, and please don't consider putting your money in your bitcoin wallet as a way of saving because that is not the case. Putting our money in the bitcoin wallet is very risky and it is a form of investment, we should see to it that the amount we put is for investment alone so we can afford if something bad happen to it.

Right, I also advise not to use our savings as an investment. Because of the investment there is always a downside to that is you lose the money. Thus the money invested was completely unused because if the money is gone you are ready to accept it.

But save our savings in the bank is a good thing, because it put all our savings in bitcoin I think it was a risky thing. thank you

It depends on people's situation, if people have a decent source of income without doing such investments then it's optional for them if they still want to do some investment. But there are people who has only fixed income on a regular basis so thinking of making an investment can be placed in the table.

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Quote from: freedomgo on August 02, 2016, 09:24:00 PM

Definitely, and please don't consider putting your money in your bitcoin wallet as a way of saving because that is not the case. Putting our money in the bitcoin wallet is very risky and it is a form of investment, we should see to it that the amount we put is for investment alone so we can afford if something bad happen to it.

Right, I also advise not to use our savings as an investment. Because of the investment there is always a downside to that is you lose the money. Thus the money invested was completely unused because if the money is gone you are ready to accept it.

But save our savings in the bank is a good thing, because it put all our savings in bitcoin I think it was a risky thing. thank you

BossMacko

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If you are using Bitcoin it is mandatory for everyone to use Bitcoin wallet. I will not choose in the two option because i am using both. My future funds are all in the bank . All i have in my Bitcoin wallet is the amount that i can risk in the gambling site that i enjoy playing.

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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

Definitely, and please don't consider putting your money in your bitcoin wallet as a way of saving because that is not the case. Putting our money in the bitcoin wallet is very risky and it is a form of investment, we should see to it that the amount we put is for investment alone so we can afford if something bad happen to it.

Posum578

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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

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Quote from: romero121 on July 30, 2016, 01:23:01 AM

While quoting this post I was standing in a bank waiting for hours due to the network down, which made every function slow. At this term I believe though technology have got advanced if one fails the alternate should compensate. For this reason both are highly needed.

Basically the reason we use banks is that we can not keep big chunks of money within our house while the reason we use bitcoins wallet is that we need something where we can store money and spend it immediately when we need to spend it.

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Quote from: lovely sitha on August 02, 2016, 06:55:19 AM

in present time both have their own value and we cannot ignore the importance of one

well of course both are really important though in my opinion banks are more important right now, despite that i dont chose banks over bitcoin wallets as it is safer for me

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