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Topic: Bank or Bitcoin Wallet? - page 82. (Read 230520 times)

newbie
Activity: 28
Merit: 0
July 24, 2016, 01:47:37 AM
Why would you choose between them when you can use both? Though it depends on your needs. If you are only choosing between them for the sake of safety or wallet, I would totally go for bitcoins as it is safer than banks on my experienced.

Bitcoins has a very limited type of market (for now), and it is not even accepted everywhere and still growing as per saying. Only a few accepts bitcoins as their payments while on the contrast banks (credit/debit cards) are widely used.
legendary
Activity: 2982
Merit: 1153
July 24, 2016, 01:43:01 AM
Why do i need to choose between the two when I can have both  of them.  You know you can't transact smoothly in large sum of  currency without bank.  Though bitcoin might be the solution for this but alas, only few will  accept this kind of trade.  People still prefer money, because they trust it more.  Money and Bank.  And bitcoin for the transition.  You need to be prepare if there is some transition between money to Bitcoin as Bitcoin will never be liked by banking system because they want to control everything.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
July 24, 2016, 01:36:45 AM
I would choose both for the moment. My savings is put in the bank just to make sure that it is subject to insurance if anything happens, while some of my assets in my wallet and I treat it as my investment as I believe that the price of bitcoin will substantially increase in the near future.
sr. member
Activity: 420
Merit: 250
July 24, 2016, 12:00:57 AM
I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
yes it is the excess bitcoin. bitcoin easy to use every day. however today bitcoin is not guaranteed by a financial institution and has not been recognized by the government of a country. This has become a weakness bitcoin.

That weakness of Bitcoin is going to go away as businesses take BTC but in exchange there will be less freedom of BTC. Maybe less uses for BTC would be better, once businesses take BTC the government will want some too.
newbie
Activity: 15
Merit: 0
July 23, 2016, 11:55:52 PM
I would not know what would happen if banks use bitcoin as a payment someday Huh
hero member
Activity: 518
Merit: 500
July 23, 2016, 11:48:43 PM
~Snip~

I fail to understand on this statement True bank could keep our money safe and no guarantee that we can store safely what exactly you mean? because in my opinion, the bank can keep our money safe and there is warranty for our money because banks have rules that governed the country.
Although bitcoin prices fluctuate, but if you are wrong to take the position of order trading then you can not profit. I think bitcoin wallet is safe and can not be hacked. And I think if there is a case of theft bitcoin, it is a hack that occurred in the data base that store private keys and your passwords. Hackers are not directly hack into your wallet. just my opinion.

Bitcoin wallet is hackable, especially Bitcoin wallet with a lack of security system. Let's take Blockchain.info as the example, if you dont' have a strong password and not using 2FA your wallet would likely to be hacked.
No safe if only use 2FA, i just thinking the easy way to keep safe your bitcoin is use two different computer, one only for opened your wallet and other one is use for anything like trading if open investment site.
hero member
Activity: 1638
Merit: 505
July 23, 2016, 10:55:12 PM
I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
yes it is the excess bitcoin. bitcoin easy to use every day. however today bitcoin is not guaranteed by a financial institution and has not been recognized by the government of a country. This has become a weakness bitcoin.
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
July 23, 2016, 10:28:52 PM
~Snip~

I fail to understand on this statement True bank could keep our money safe and no guarantee that we can store safely what exactly you mean? because in my opinion, the bank can keep our money safe and there is warranty for our money because banks have rules that governed the country.
Although bitcoin prices fluctuate, but if you are wrong to take the position of order trading then you can not profit. I think bitcoin wallet is safe and can not be hacked. And I think if there is a case of theft bitcoin, it is a hack that occurred in the data base that store private keys and your passwords. Hackers are not directly hack into your wallet. just my opinion.

Bitcoin wallet is hackable, especially Bitcoin wallet with a lack of security system. Let's take Blockchain.info as the example, if you dont' have a strong password and not using 2FA your wallet would likely to be hacked.
legendary
Activity: 3360
Merit: 1035
Leading Crypto Sports Betting & Casino Platform
July 23, 2016, 10:18:03 PM
True bank could keep our money safe and no guarantee that we can store safely. While bitcoin in my opinion to benefit because the price fluctuates and it can be profitable. For bitcoin security is still not perfect in my opinion because many bitcoin wallet accounts were hacked.

I fail to understand on this statement True bank could keep our money safe and no guarantee that we can store safely what exactly you mean? because in my opinion, the bank can keep our money safe and there is warranty for our money because banks have rules that governed the country.
Although bitcoin prices fluctuate, but if you are wrong to take the position of order trading then you can not profit. I think bitcoin wallet is safe and can not be hacked. And I think if there is a case of theft bitcoin, it is a hack that occurred in the data base that store private keys and your passwords. Hackers are not directly hack into your wallet. just my opinion.
Keep slowly man, he just misses understanding about the bank or he never using a bank service and making shitty opinions like that. the bank always giving a guaranteed for us to store for safely. and because of that the some is wanna making a bank account is always needed to complete a lot of requirement from the bank is offer for us.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
July 23, 2016, 09:46:54 PM
True bank could keep our money safe and no guarantee that we can store safely. While bitcoin in my opinion to benefit because the price fluctuates and it can be profitable. For bitcoin security is still not perfect in my opinion because many bitcoin wallet accounts were hacked.

I fail to understand on this statement True bank could keep our money safe and no guarantee that we can store safely what exactly you mean? because in my opinion, the bank can keep our money safe and there is warranty for our money because banks have rules that governed the country.
Although bitcoin prices fluctuate, but if you are wrong to take the position of order trading then you can not profit. I think bitcoin wallet is safe and can not be hacked. And I think if there is a case of theft bitcoin, it is a hack that occurred in the data base that store private keys and your passwords. Hackers are not directly hack into your wallet. just my opinion.
legendary
Activity: 1218
Merit: 1000
July 23, 2016, 08:59:00 PM
bank has legalization and some fixed rules over their money system but bitcoin wallets are controled by users and i will take bitcoin wallet
for the security of my money because the bank guarantees of security and in the event of unwanted things certainly the bank will be responsible for it. and we will not be disadvantaged
True bank could keep our money safe and no guarantee that we can store safely. While bitcoin in my opinion to benefit because the price fluctuates and it can be profitable. For bitcoin security is still not perfect in my opinion because many bitcoin wallet accounts were hacked.
newbie
Activity: 38
Merit: 0
July 23, 2016, 02:28:22 PM
 still use both of them & can't choose bitcoin right now because there are barely any physical store which accept bitcoin in my country Sad
When bitcoin is accepted by many physical store(merchants), i'll choose bitcoin than bank
legendary
Activity: 1008
Merit: 1000
July 23, 2016, 02:22:58 PM
I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
the best part about bitcoin is the freedom and the privacy which banks can not offer. so, the choice is simple bitcoins.
In the long run bitcoins are profitable and money is the banks have no guarantee for refund in case of huge problem.
]

Existing users of bitcoin will always prefer to use it but what about those people who are not aware about bitcoins yet, they will continue with banking system for sure.
hero member
Activity: 700
Merit: 500
July 23, 2016, 01:56:53 PM
I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
the best part about bitcoin is the freedom and the privacy which banks can not offer. so, the choice is simple bitcoins.
In the long run bitcoins are profitable and money is the banks have no guarantee for refund in case of huge problem.
sr. member
Activity: 420
Merit: 250
July 23, 2016, 01:48:16 PM
bank has legalization and some fixed rules over their money system but bitcoin wallets are controled by users and i will take bitcoin wallet
for the security of my money because the bank guarantees of security and in the event of unwanted things certainly the bank will be responsible for it. and we will not be disadvantaged
newbie
Activity: 48
Merit: 0
July 23, 2016, 01:31:33 PM
I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
full member
Activity: 155
Merit: 100
July 23, 2016, 03:26:42 AM
The fact we all depend on banks for paying our bills make the bank account a winner.
Having said that, i bet most of us here would have the same financial freedom they have with their bitcoin wallet.

In the bitcoin era, there is no need for using the banks to pay our bills. But we still need banks to borrow money.
sr. member
Activity: 406
Merit: 250
July 22, 2016, 02:54:35 PM
The fact we all depend on banks for paying our bills make the bank account a winner.
Having said that, i bet most of us here would have the same financial freedom they have with their bitcoin wallet.
hero member
Activity: 658
Merit: 500
July 22, 2016, 02:51:28 PM
Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

You are right and because of that reason I also do not keep my money in banks after i heard about bitcoin, now I only invest in bitcin and just started to invest in LetItRide coin ( I hope it will be also safer for me). and use bank only when I need some money to withdraw from bitcoin via exchange.
full member
Activity: 210
Merit: 100
July 22, 2016, 02:48:57 PM
Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

The Bank is indeed very dominate all existing finance around the world, because it is the main task of the bank is to unite all financial instasi to be so one and easy to watch. Unlike the bitcoin, bitcoin doesn't need it and most exceptional is bitcoin only charge a fee on every transaction and do not charge for any funds deposited or etc
yes there is no doubt about this that in present time bank is more dominant of wallet but i can eunsure you that in near future you will see that most of the people are now using online wallet instead of bank.

Tell me one thing if you have an option to use both and take benefits from both then why would you go for a single option, everyone wants maximum benefits and that can be achieved if you use both of them.
as for me i think both have their own importance but i thin in present time we should give more preference to bank account. all all my assests are there in bank and the other thing is that i am receiving my salary through banks. therefore i cannot ignore the importance of bank.
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