has helped through the hard time, it has become a great source of side income and the best thing is it is a great investment, for me is better than any banks because it can act as currency it also can act as a great investment, and sending doesn't caused any taxed that is the reason I love using
i think either than a currency it is the best source of investment and i think this is the best thing of the bitcoin which attract users towards it...... i think this make bitcoin better than any other bank or any other third party....... we can also earn it through different source....... for stable source of income bitcoin is best..... you can earn a decent money by less effort...... 
Topic: Bitcoin Is Better Than Any Banks And Any Other Third Parties - page 4. (Read 5001 times)
Not just in transaction fees, even earning Bitcoins is easy for them. And no one can compare the Bitcoin transactions with Bank transactions. Banks are too outdated, slow and cost u hefty fees in many countries. 
I think bank and bitcoin we cant compare like that. We know the bank is not the currency, they are legal institutions that manage money. Unlike bitcoin, bitcoin is digital "currency". Moreover, at this time we still need a bank, no bank we could not take our bitcoin. Due to the difficulty using bitcoin in buying our needs.
For op, bitcoin is very helpful in my life. With bitcoin student like me can make money without having to get out of the house. Thank you
What about in some countries that banks are highly stable and established a good foundation for decades? Don't just look at those bank problems in the past generally and only in some areas around the globe. Banking industry, no doubt, still a big institution that have a BIG role in servicing all the people. Not all bank services can be done ny only using bitcoin exchange, same with bank to bitcoin services.
What do you think of bitcoin, especially the exchanges ( since bitcoin must compared to a currency, so bank is to bitcoin exchanges) will never have a problem when being used?
You are the one who doesn't making sense here.
Lehman brothers was considered to be one of the biggest (over $600 billion in assets), most trusted and oldest banks in the United States. It is to this day the largest bankruptcy case in US history.
They were operational for 158 years from its founding in 1850 until 2008. Pretty trustworthy and established business with good foundation, don't you think?
Not just in transaction fees, even earning Bitcoins is easy for them. And no one can compare the Bitcoin transactions with Bank transactions. Banks are too outdated, slow and cost u hefty fees in many countries.
I might be better but you can't actually predict.
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Banks always safe? What nonsense are you trying to tell us? There many, many cases of banks failures throughout history.Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Not so long ago we have HUGE GLOBAL crisis caused by bankruptcy of one of the biggest banks in the world - Lehman Brothers.
In recent history, look at Greece and Cyprus, for example, there were numerous cases of banks which were unable to fulfill the demands of all of its depositors.
People were unable to withdraw their money from the bank, withdrawals were limited to €50 per day and some deposits were openly stolen by the banks to fix their dire situation.
What about in some countries that banks are highly stable and established a good foundation for decades? Don't just look at those bank problems in the past generally and only in some areas around the globe. Banking industry, no doubt, still a big institution that have a BIG role in servicing all the people. Not all bank services can be done ny only using bitcoin exchange, same with bank to bitcoin services.
What do you think of bitcoin, especially the exchanges ( since bitcoin must compared to a currency, so bank is to bitcoin exchanges) will never have a problem when being used?
You are the one who doesn't making sense here.
I might be better but you can't actually predict.
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Banks always safe? What nonsense are you trying to tell us? There many, many cases of banks failures throughout history.Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Not so long ago we have HUGE GLOBAL crisis caused by bankruptcy of one of the biggest banks in the world - Lehman Brothers.
In recent history, look at Greece and Cyprus, for example, there were numerous cases of banks which were unable to fulfill the demands of all of its depositors.
People were unable to withdraw their money from the bank, withdrawals were limited to €50 per day and some deposits were openly stolen by the banks to fix their dire situation.
Banks are important because they WILL be the root of the next major crisis, destabilising the entire economy system must end sooner or later.
When that happens everyone will line up to buy BTC like crazy.
I might be better but you can't actually predict.
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
The only drawback with bitcoins is that the funds cannot be reversed, once its sent from your wallet its gone forever and there is no chance that you can get it back and in that case bank is much safer as if there is any issue with your funds then banks officials will take care of it but when it comes to fees then I think bitcoin has upper hand over banks.
The drawback you mentioned is the one of the best feature of Bitcoin. Irreversible transactions and confirmation system guarantee authenticity of transactions. Suppose for a moment, Bitcoin transactions are reversible then what criteria you can reverse upon? In payment processors like Paypal, they have supreme authority who control all your funds so you can open disputes and reverse transaction. But Bitcoin is decentralized and irreversible transactions add power to it!
I might be better but you can't actually predict.
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
The only drawback with bitcoins is that the funds cannot be reversed, once its sent from your wallet its gone forever and there is no chance that you can get it back and in that case bank is much safer as if there is any issue with your funds then banks officials will take care of it but when it comes to fees then I think bitcoin has upper hand over banks.
The drawback you mentioned is the one of the best feature of Bitcoin. Irreversible transactions and confirmation system guarantee authenticity of transactions. Suppose for a moment, Bitcoin transactions are reversible then what criteria you can reverse upon? In payment processors like Paypal, they have supreme authority who control all your funds so you can open disputes and reverse transaction. But Bitcoin is decentralized and irreversible transactions add power to it!
I might be better but you can't actually predict.
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
The only drawback with bitcoins is that the funds cannot be reversed, once its sent from your wallet its gone forever and there is no chance that you can get it back and in that case bank is much safer as if there is any issue with your funds then banks officials will take care of it but when it comes to fees then I think bitcoin has upper hand over banks.
I might be better but you can't actually predict.
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
this is only true if those people are getting paid in bitcoin so they already have bitcoin in their hand to send oversees to their families, then you are right it is the best option available because of the fees.
but if they are getting paid with fiat, then want to send bitcoin they first have to buy bitcoin and buying it will cost a lot of fees on exchanges (the fiat deposit fee + 0.2% trade fee) then their family have to also sell bitcoin for fiat and pay the same 2 fees.
the total fee they pay can be big too.
I agree, bitcoin transactions easily then make the services the bank feels ineffective. I can get many benefits from the presence of bitcoin, I bet the bank will adopt the system of the bitcoin.
Bitcoin was offering the cheap price for every transaction rather than use the payment gateway such as WU or paypal. There are a lot of problems in bitcoin but overall It was satisfying.
Bitcoin helps me with increasing his value to fight against the fiat currency.
I am a college student who live by myself in the other city. I have some needs to fullfil, so I need to have a job. then I find bitcoin. I try to earn it and I sell it to fullfil some needs of mine such as buying books, payment of ent house, etc bitcoin is really helpful.
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
If this thing will happen, I guess it will affect the economy of the real world, if bitcoin will be used as the way of sending money of the workers outside the country because government do not have an access to bitcoin. But then in the side of the sender and receiver, it will be a big help.
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
This your position is actually right but at the same time, what I see is the advantage of using bitcoin because quite a number of people repatriating funds home don't know about bitcoin and the few ones that know might be unwilling to use it due to the fact that they are scared of going against the law in which the position of government is unknown and they could be regarded as money launders. Aside from that, what of the people the money is sent to rather than collecting Fiat immediately, they have to go through the stress of converting to fiat in which the value might even fall within the waiting period.
Definitely agree, banks are useless for me, i live in Bitcoin city in Netherlands and can buy everything with Bitcoin. Will never use banks again in my life.
Is this Arnheim? When i look at coinmap there are 96 btc businesses
Definitely agree, banks are useless for me, i live in Bitcoin city in Netherlands and can buy everything with Bitcoin. Will never use banks again in my life.
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Are eypu sure it's 10-20% ? That is theft right there. I saw PayPal was 7% like wtf ? Those fees are ment to protect ypu from loss but with bitcoin you can use escrow and its 1% or so. If you sending to a trusted wallet you dont need escrow and it costs a certain amount of satoshi per size in bytes of the transaction size so it is mere cents.
You have to explain the advantages of bitcoin to people so that they may be interested to switch to bitcoin when sending money like what they are doing in the banks but as of now traditional banks are the most easiest way to send money to people who dont discover bitcoin yet but when they know how bitcoin work hope they stick into bitcoin for long.
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