Bank or Bitcoin Wallet? - page 78. | Bitcointalksearch.org

mirakal

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Quote from: tabas on July 26, 2016, 08:47:18 PM

Quote from: jerowacik on July 26, 2016, 07:49:09 PM

Quote from: bobyhodob on July 26, 2016, 07:28:37 PM

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

using bitcoin we can control all our activities. gain full access to finance. while banks are closed.
however BANK much safer because the banks have been guaranteed by a financial institution that is credible.

For me it is better to use both, because banks are important for it is the storage of our real money here in real world. And in virtual world, which we are using digital currency which is the bitcoin, then of course we need bitcoin wallet. So, for me, they are both important and it is going to depend to the person on how he is going to use it.

Well bank provide us security when something bad happen to your accounts through their insurance program while bitcoin wallet if compromised you will lose all your money at an instance, so that is the big difference, having both is more safe IMO.

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Quote from: jerowacik on July 26, 2016, 07:49:09 PM

Quote from: bobyhodob on July 26, 2016, 07:28:37 PM

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

using bitcoin we can control all our activities. gain full access to finance. while banks are closed.
however BANK much safer because the banks have been guaranteed by a financial institution that is credible.

For me it is better to use both, because banks are important for it is the storage of our real money here in real world. And in virtual world, which we are using digital currency which is the bitcoin, then of course we need bitcoin wallet. So, for me, they are both important and it is going to depend to the person on how he is going to use it.

jerowacik

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Quote from: bobyhodob on July 26, 2016, 07:28:37 PM

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

using bitcoin we can control all our activities. gain full access to finance. while banks are closed.
however BANK much safer because the banks have been guaranteed by a financial institution that is credible.

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Quote from: bobyhodob on July 26, 2016, 07:28:37 PM

of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

That is true and me i have both i have savings in bank and have bitcoin in my online wallet and im planning to increase my bitcoin because i want to earn much better in my income right now my savings in bank is my back up in case of emergency i can withdraw anytime.

bobyhodob

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of course I chose bitcoin wallet, because my full control over my money. but security the bank is safer than bitcoin wallet, but as long as we can keep well, I think bitcoin wallet can also be safe.

Wind_FURY

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Quote from: SANALIU on July 26, 2016, 07:06:44 PM

saving long term iam choose bank because bank liquid money
with guaranteed goverment in mone saving in there
bitcoin is for me use only trading profit is exchange fiat money saving to bank

You have it in reverse my friend. Fiat money suffers from inflationary devaluation. So bitcoin is better if you want to store it. But bitcoin's value fluctuates a lot so it would be good to know how to trade to balance it out.

Doubler Disburser 232515

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It's easy to say that Banks are more secure than BitCoin Wallets and that is true to a point, however, most people miss the word Wallet in the above. BitCoins are housed in Wallets, so it is essential that people treat BitCoins like they would with any cash.

True, you can encrypt your BitCoin Wallet to prevent theft, but essentially you don't carry your life savings in your fiat wallet, so you shouldn't carry all your BitCoins in one basket either. That PC you're using less and less for on line stuff can house the bulk of your stored funds and have an amount in a day to day BTC Wallet.

Paper Wallets are an option for cold storage and can be thought of as your own personal bank. (And again, would you really store all your cold BitCoins in just one paper wallet?)

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Quote from: SANALIU on July 26, 2016, 07:06:44 PM

saving long term iam choose bank because bank liquid money
with guaranteed goverment in mone saving in there
bitcoin is for me use only trading profit is exchange fiat money saving to bank

It's always a good thing to put some money aside for when you need it. But if you're talking about long term saving in your bank account, then you must know that no matter you keep having the same amount of money in your bank, that you'll get to see that your money will be less worth, and thus buy you less things every year as fiat is only losing value.

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Bitcoin wallet, security, flexibility and control, all in one.

SANALIU

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saving long term iam choose bank because bank liquid money
with guaranteed goverment in mone saving in there
bitcoin is for me use only trading profit is exchange fiat money saving to bank

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Quote from: Akupuniard on July 26, 2016, 06:04:30 PM

I can't see any big difference, everyone choosing for yourself what is better, at my own opinion bitcoins is better cause i don't need to pay to goverment any taxes.

Besides the tax you will save, your bank wont cut a fee to let your money there. Bitcoin as saving is the best agains the low income the saving at banks pays, as someone said better some then nothing, but i choose bitcoin over bank.

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i would definitely use only bitcoins but i think right now it is impossible

Akupuniard

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I can't see any big difference, everyone choosing for yourself what is better, at my own opinion bitcoins is better cause i don't need to pay to goverment any taxes.

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Quote from: praprata on July 26, 2016, 04:15:11 PM

My bank account is dear to me, currently i can't live without my bank account.
My bitcoin wallet is dear to me, but i can live without, it's more like a hobby then a way to live my life.
Which is why bank wins for me.

At a moment bank is taking best care of us by providing multiple facilities so we cannot afford to leave it but in future if everything goes digital then we can depend only on bitcoins.

praprata

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My bank account is dear to me, currently i can't live without my bank account.
My bitcoin wallet is dear to me, but i can live without, it's more like a hobby then a way to live my life.
Which is why bank wins for me.

eneilwex

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The days of cash are soon coming to an end, from all indications, and this can be a boon or a bust for banks everywhere.

Wait until people start to figure out you don’t need a bank to live a prosperous life.

New technologies have beaten the establishment before and banished them into the corn fields.Traditional banking is next.

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Quote from: ttargett on July 26, 2016, 08:57:17 AM

Quote from: apriyani420 on October 04, 2015, 12:44:44 PM

i wouldnt risk using bitcoin wallet banks are still pretty reliable and im not thinking about changing it to bitcoin paper wallet or so theres no need for me to do that

well yes banks are reliable but i still like bitcoin and bitcoin wallets more as you have much more privacy when you keep your money here, not like in banks

While it's true that in terms of privacy, bitcoin wallet is superior, that reason alone isn't enough to have me switch from bank to btc wallet. I mean, the risk of losing asset is higher in btc wallet even though there is also the chance of gaining value but I just do not want to risk it.

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Quote from: apriyani420 on October 04, 2015, 12:44:44 PM

i wouldnt risk using bitcoin wallet banks are still pretty reliable and im not thinking about changing it to bitcoin paper wallet or so theres no need for me to do that

well yes banks are reliable but i still like bitcoin and bitcoin wallets more as you have much more privacy when you keep your money here, not like in banks

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Quote from: JeffBrad12 on July 26, 2016, 12:41:31 AM

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Quote from: crackhawk on July 25, 2016, 10:55:26 PM

i think bank is more secure than bitcoin

Well they are both secure, bank is secure and bitcoin wallet is more secure. I haven't read any problem regarding the bitcoin wallet providers.
Only the transaction is the problem in the bitcoin wallet payment, whenever you are going to send someone any amount of your bitcoins.

Bank is more secure than bitcoin wallet, it's will gave a more guarantee for your amount,rather than bitcoin wallet. maybe the bitcoin wallet it's can make us is free to manage them,nothing getting any intervention in it.

bank is more secure because you always charged fee every months and any other thing such as insurance,but wallet not,it'll charge you none,you just need to pay few cents for every transaction,so it's both have the advantages,and government can't just freeze your bitcoin if you'd getting into a trouble with them

Shiroslullaby

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As much as I hate the banking industry, its still much more safe than Bitcoin is right now.
Banks have insurance on your money
(FDIC here in the United States)

Yes Bitcoin will still probably be around in the future, but for now I still treat it like a risky investment like stocks etc.
If BTC is still around in ten or twenty years I would have a much different view of it, but its still so new its really hard to trust IMO.

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