Bank or Bitcoin Wallet? - page 72. | Bitcointalksearch.org

0day

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Quote from: Gilligans on August 01, 2016, 11:16:36 PM

Quote from: madwica on July 31, 2016, 10:57:46 PM

For me i used both, i have bitcoin for my investment and sometimes i used this for paying my bills because there is a rebates in every transaction i made then i have bank account for my savings that i want to earn some interest with it and also for my future.

Having money on banks is good to safekeep them. Unlike now, the price is dropping fast and it's making some large coin holders losing money.

But i do not like banks, it is true that the price of bitcoin is currently going down but still I am satisfied with my money, I have complete control on my money in bitcoin, and you wait a little the price of bitcoin will rise to higher sooner, but banks really sucks, there you will have to pay bigger fees for your money for any transaction and some bigger taxes also.

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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

yes that is a fact and we cannot depend on only one. because for bitcoin we need a wallet without a wallet we cannot store our bitcoin, and for our fiat money for receiving salary for transaction in fiat for paying utility bills and for paying the children school fee we need bank account, therefore in preset time we cannot ignore the importance of bot the currencies.

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Quote from: Ewinsane on July 30, 2016, 06:21:20 AM

i think bitcoin wallet is too much better and safer than bank wallet . i like bitcoin wallet.

We all agree friend, but the problem is that we still need banks because converting our money into bitcoins and keeping them into wallet is not possible since we cannot trust the rate if bitcoins. Yet I think if price becomes stable then people will start using bitcoins more.

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Quote from: BlueStackz on August 02, 2016, 09:48:32 AM

Quote from: Akupuniard on July 29, 2016, 01:57:29 PM

I like bitcoin but also using bank cause in my country is not very comfortalbe to use bitcoins, everytime need to exchange it for shopping and other stuff.

I agree, though we all love bitcoins but still since the government does not allow us to use bitcoins as a local currecy hence we need to use banks and hence they are equally important and still managing both. But in future situation may go toward bitcoin even Government remains same as it is now.

I think in future Government also may allow bitcoin for international transaction and use it as main mode like paypal in future. No to the banks who takes lots of setup fee, transaction fee and a lot of paper works. On the other bitcoin Wallets easy to setup, very low or minimal transaction fee and above all no complicated Paper work etc....

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Quote from: Akupuniard on July 29, 2016, 01:57:29 PM

I like bitcoin but also using bank cause in my country is not very comfortalbe to use bitcoins, everytime need to exchange it for shopping and other stuff.

I agree, though we all love bitcoins but still since the government does not allow us to use bitcoins as a local currecy hence we need to use banks and hence they are equally important and still managing both. But in future situation may go toward bitcoin even Government remains same as it is now.

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Quote from: trickshot22 on August 02, 2016, 09:30:24 AM

Quote from: Gilligans on August 01, 2016, 11:16:36 PM

Quote from: madwica on July 31, 2016, 10:57:46 PM

For me i used both, i have bitcoin for my investment and sometimes i used this for paying my bills because there is a rebates in every transaction i made then i have bank account for my savings that i want to earn some interest with it and also for my future.

Having money on banks is good to safekeep them. Unlike now, the price is dropping fast and it's making some large coin holders losing money.

it isnt safe at all, there are banks that go bankrupt so you would lose your money because of that, therefore i usually dont trust any banks in order not to lose money

isn't there some kind of insurance for that?
i don't know about other countries but banks at my country are super strong and they actually have some guarantee for your investment (not the profit only the money you deposit) and if they go down the insurance will pay the customers.

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Quote from: Gilligans on August 01, 2016, 11:16:36 PM

Quote from: madwica on July 31, 2016, 10:57:46 PM

For me i used both, i have bitcoin for my investment and sometimes i used this for paying my bills because there is a rebates in every transaction i made then i have bank account for my savings that i want to earn some interest with it and also for my future.

Having money on banks is good to safekeep them. Unlike now, the price is dropping fast and it's making some large coin holders losing money.

it isnt safe at all, there are banks that go bankrupt so you would lose your money because of that, therefore i usually dont trust any banks in order not to lose money

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Quote from: Ewinsane on August 02, 2016, 09:25:10 AM

Quote from: Efemen on August 01, 2016, 06:17:23 AM

Quote from: Akupuniard on August 01, 2016, 06:05:58 AM

Bitcoin wallet is good, but sometimes you need to use bank, it's can be anything but the most often reason is that bitcoins are illegal in your country.

Bitcoin is good for saving, but that is not good for borrowing. We still need banks that can lend us bitcoin.

yeah, you are right that bitcoin wallet is good for saving , its true we lend it through bank but i hope we soon get a bitcoin bank.

I also agree if bitcoin wallet is one good place to store our money. Because in addition to saving highly secure (if we protect it well) bitcoin wallet also does not give the cost in storage. So it is very beneficial for us and will surely get a huge profit when the price of the bitcoin ride

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Quote from: Efemen on August 01, 2016, 06:17:23 AM

Quote from: Akupuniard on August 01, 2016, 06:05:58 AM

Bitcoin wallet is good, but sometimes you need to use bank, it's can be anything but the most often reason is that bitcoins are illegal in your country.

Bitcoin is good for saving, but that is not good for borrowing. We still need banks that can lend us bitcoin.

yeah, you are right that bitcoin wallet is good for saving , its true we lend it through bank but i hope we soon get a bitcoin bank.

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Quote from: sirohige on August 01, 2016, 11:25:40 PM

Quote from: Zoomer on August 01, 2016, 12:26:04 PM

Bitcoin wallet is better way to save our money
no higher fees, full privacy

right it, i agree with your opinion, it's full privacy, but for buying anything we can't use it. we need to withdraw our bitcoin to fiat if we want use it.
so better to using bank too, don't leave it.

you're talking like bitcoin is useless thing,if you'd realize how useful bitcoin you'll know that your argument is wrong,bitcoin debit card just could drive your argument become invalid,even paying directly with bitcoin still full of limit,there's still a way

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Quote from: Strongkored on August 01, 2016, 07:45:34 PM

Quote from: ?? on ??

I don't think bank is going to try to accept bitcoins at all because they see it as a threat to the banking industry and to their system.
People are going to choose bitcoin rather than fiat money if they are going to know the essence of service of bitcoin. But if you are wise enough of course you are going to choose both.

I do not agree, because I think the bank will not be defeated in this competition. In any case the bank has an important role in financial terms for each country. Plus fiat will still be the belle of at any time, friend. Bitcoin can never replace fiat I guess, but it could be a second alternative after the fiat.

thanks

Some banks are already considering the adoption of bitcoins into their system. Some banks are actually already starting testing blockchain applications by having their own private blockchains for the reason of trying to get ahead of others. This is going to be an interesting race.

lovely sitha

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

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Quote from: danherbias07 on August 01, 2016, 11:12:12 PM

Banks at private sectors is not obliged to change for the people. They are not the government they do what they want. It will still depend on the owner of each bank.

I think the bank is still strong is closely connected to the government, as banks are not allowed to violate the rules of the government about banking. While it is true every bank has its own character because the owner is different, but I think the big picture is still the same and it is determined by the government

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Quote from: sobsitesearch on August 02, 2016, 01:42:49 AM

Quote from: shinratensei_ on August 02, 2016, 01:25:44 AM

Quote from: sirohige on August 01, 2016, 11:25:40 PM

Quote from: Zoomer on August 01, 2016, 12:26:04 PM

Bitcoin wallet is better way to save our money
no higher fees, full privacy

right it, i agree with your opinion, it's full privacy, but for buying anything we can't use it. we need to withdraw our bitcoin to fiat if we want use it.
so better to using bank too, don't leave it.

But, a lot of people in here never thinking about the guarantee for their money. whether bitcoin has a guarantee for your money? ok,for you sentence, never leaving the bank. because the one parties are covering the another party.

For me i choose the bank for securing my money because it has insurance.
And also i choose bitcoin for spending online and also it can be use as an investment.

both of them is same important to me, it's depending about each people activity too, if he is a bitcoin trader he will use bitcoin as main wallet, main currency. not like people who don't know anything about bitcoin, he will use bank only.

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Quote from: sobsitesearch on August 02, 2016, 01:42:49 AM

Quote from: shinratensei_ on August 02, 2016, 01:25:44 AM

Quote from: sirohige on August 01, 2016, 11:25:40 PM

Quote from: Zoomer on August 01, 2016, 12:26:04 PM

Bitcoin wallet is better way to save our money
no higher fees, full privacy

right it, i agree with your opinion, it's full privacy, but for buying anything we can't use it. we need to withdraw our bitcoin to fiat if we want use it.
so better to using bank too, don't leave it.

But, a lot of people in here never thinking about the guarantee for their money. whether bitcoin has a guarantee for your money? ok,for you sentence, never leaving the bank. because the one parties are covering the another party.

For me i choose the bank for securing my money because it has insurance.
And also i choose bitcoin for spending online and also it can be use as an investment.

We cannot live with only one, banks will just safe keep our money and I have not find away ways in the bank to make a good investment with a decent return, only in bitcoins where we are given the opportunity to invest less with an expected good profit margin in the future.

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Quote from: shinratensei_ on August 02, 2016, 01:25:44 AM

Quote from: sirohige on August 01, 2016, 11:25:40 PM

Quote from: Zoomer on August 01, 2016, 12:26:04 PM

Bitcoin wallet is better way to save our money
no higher fees, full privacy

right it, i agree with your opinion, it's full privacy, but for buying anything we can't use it. we need to withdraw our bitcoin to fiat if we want use it.
so better to using bank too, don't leave it.

But, a lot of people in here never thinking about the guarantee for their money. whether bitcoin has a guarantee for your money? ok,for you sentence, never leaving the bank. because the one parties are covering the another party.

For me i choose the bank for securing my money because it has insurance.
And also i choose bitcoin for spending online and also it can be use as an investment.

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Quote from: sirohige on August 01, 2016, 11:25:40 PM

Quote from: Zoomer on August 01, 2016, 12:26:04 PM

Bitcoin wallet is better way to save our money
no higher fees, full privacy

right it, i agree with your opinion, it's full privacy, but for buying anything we can't use it. we need to withdraw our bitcoin to fiat if we want use it.
so better to using bank too, don't leave it.

But, a lot of people in here never thinking about the guarantee for their money. whether bitcoin has a guarantee for your money? ok,for you sentence, never leaving the bank. because the one parties are covering the another party.

sirohige

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Quote from: Zoomer on August 01, 2016, 12:26:04 PM

Bitcoin wallet is better way to save our money
no higher fees, full privacy

right it, i agree with your opinion, it's full privacy, but for buying anything we can't use it. we need to withdraw our bitcoin to fiat if we want use it.
so better to using bank too, don't leave it.

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Quote from: madwica on July 31, 2016, 10:57:46 PM

For me i used both, i have bitcoin for my investment and sometimes i used this for paying my bills because there is a rebates in every transaction i made then i have bank account for my savings that i want to earn some interest with it and also for my future.

Having money on banks is good to safekeep them. Unlike now, the price is dropping fast and it's making some large coin holders losing money.

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Quote from: Ryananda on August 01, 2016, 10:57:35 PM

Quote from: Strongkored on August 01, 2016, 07:45:34 PM

Quote from: ?? on ??

I don't think bank is going to try to accept bitcoins at all because they see it as a threat to the banking industry and to their system.
People are going to choose bitcoin rather than fiat money if they are going to know the essence of service of bitcoin. But if you are wise enough of course you are going to choose both.

I do not agree, because I think the bank will not be defeated in this competition. In any case the bank has an important role in financial terms for each country. Plus fiat will still be the belle of at any time, friend. Bitcoin can never replace fiat I guess, but it could be a second alternative after the fiat.

thanks

True bank will always evolve and always be able to keep up. Bank will create new changes and has always been a priority in the community. Although bitcoin will be on top of it just crypto and no more than a currency.

Banks at private sectors is not obliged to change for the people. They are not the government they do what they want. It will still depend on the owner of each bank.

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