I am a person who invests in crypto and I make crypto as a side business, of course I always use banks because honestly I need banks, like sending money and so on and in my country the government prohibits people from using crypto as a means of payment. but it doesn't prohibit people from investing in crypto and honestly I still like using fiat money because if I use crypto I think it's more difficult because in my country not everyone knows about bitcoin and crypto. Personally, I choose banks and crypto because I think banks and crypto must coexist and I think crypto is very risky as well as banks which of course contain risks. so I chose both, namely banks with crypto.
and I'm sure many members of this forum use banks, as long as they use fiat currency as a means of payment in their country. and in my opinion bitcoin is a tool to make our economy more advanced, and the bank's job is to maintain the security of our money stored in the bank, whereas crypto has a very high risk because the price fluctuates and is difficult to predict. and in this case of course we also have to look for a good and quality bank.
Topic: Do you still use Banks ? - page 9. (Read 1136 times)
Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?
As far as I can remember, there has never been an incident where I was hacked. Be it from banks or crypto systems.
No, I don't think so. For me, banks still have very good benefits and uses in the financial system. Even though there are some things that I think are not good, they can still be considered normal.
Yes, a small part of the money I have is still stored in the bank. I own Bitcoin and also keep money in the bank, I don't see a competition between the two and the purpose of Bitcoin is not to compete with any institution. The role of the Bank is also still important to facilitate the local transactions that I carry out, I can also use the money stored in the Bank for my daily needs.
When I go out of town or am in a place where I don't need to carry large amounts of cash, I can withdraw money from the bank as needed. This option is clearly very profitable for me personally, the money saved in the bank means I don't have to sell Bitcoin for small purposes.
When I go out of town or am in a place where I don't need to carry large amounts of cash, I can withdraw money from the bank as needed. This option is clearly very profitable for me personally, the money saved in the bank means I don't have to sell Bitcoin for small purposes.
Bitcoin is Best comfortable for me because it saves exchange charge fees to the fiat. It offers me quick response of transactions and most especially, it encourages my responsible manner of spending because on my Bitcoin financial P2P transactions, I realizes it is really not worth spending on things that are not necessarily important.
But yeah. I still transact with the bank fiat because not all parties wants to have the Bitcoin transactions, some just need the physical cash maybe considering their lack of knowledge and exposure about Bitcoin and right here in my country, the government sectors are restricted but permitted on the individual private sectors. And of course I have transactions with some of the these government sectors which get me also alternatively prompts me to more exposures of the banks transactions.
But yeah. I still transact with the bank fiat because not all parties wants to have the Bitcoin transactions, some just need the physical cash maybe considering their lack of knowledge and exposure about Bitcoin and right here in my country, the government sectors are restricted but permitted on the individual private sectors. And of course I have transactions with some of the these government sectors which get me also alternatively prompts me to more exposures of the banks transactions.
It's definitely better using crypto for international transfers but I still prefer cash or digital cash for my local transactions. I mean there's no point going full cryptotard if businesses deny your crypto payments for goods and services.
[...]Im using only cryptocurrency debit cards and they always work better than bank.
Correct me if I'm wrong here but don't crypto cards partners with some bank or other fiat payment gateways? You're probably getting charged higher because of the added service to process your transaction.
I have a balance in the bank and also BTC. As long as the regulations in my country still prohibit the use of crypto for domestic transactions, I will continue to use the bank. I need rice and vegetables purchased in the local market and supermarkets more than using crypto to buy rice and vegetables from abroad with long delivery times. This is about basic needs, and food has a more significant impact on life and death than the disputes between crypto and banks.
Does this mean I don't support crypto? I still support it because that's why I still have a crypto balance in my wallet. It's the very limited infrastructure in my country that hinders what I want regarding crypto from happening easily. Government regulations play a significant role in the development of crypto infrastructure in my country. Owning Bitcoin is allowed, but using it for daily transactions is not yet permitted.
Does this mean I don't support crypto? I still support it because that's why I still have a crypto balance in my wallet. It's the very limited infrastructure in my country that hinders what I want regarding crypto from happening easily. Government regulations play a significant role in the development of crypto infrastructure in my country. Owning Bitcoin is allowed, but using it for daily transactions is not yet permitted.
I mean everything still revolves around bank and everything is connected to bank so almost everyone might still use banks, not to mention the fact that we're already getting used with having a bank.
its honestly different with investing though i've never ever invested into bank deposits anymore because the APY is simply too low for me, waiting a whole year for a dime of a profit isn't truly an appealing thing in my eyes therefore I abandoned it and switch over to crypto investment and lately it has proven to me to be a quite bountiful investment that I got.
as for the facilities offered by many banks, i simply can't really detach myself from that, having credit card where you could delay payment is a good thing for your personal finance,
moreover the fact that there are so many discounts offered by using credit card from certain bank already sold me off.
regardless there are many big famous figure that are trying to beat bank like elon musk with his supposed financial app that gets integrated with his twitter, we'll see.
its honestly different with investing though i've never ever invested into bank deposits anymore because the APY is simply too low for me, waiting a whole year for a dime of a profit isn't truly an appealing thing in my eyes therefore I abandoned it and switch over to crypto investment and lately it has proven to me to be a quite bountiful investment that I got.
as for the facilities offered by many banks, i simply can't really detach myself from that, having credit card where you could delay payment is a good thing for your personal finance,
moreover the fact that there are so many discounts offered by using credit card from certain bank already sold me off.
regardless there are many big famous figure that are trying to beat bank like elon musk with his supposed financial app that gets integrated with his twitter, we'll see.
Having cryptocurrency doesn’t take away the usefulness of banks. And going through your thread, it almost seems you’re pitting cryptocurrencies against banks and fiat. Cryptocurrencies doesn’t need any of that as banks and fiat doesn’t need any help showing how vulnerable they’re to inflation and the rest.
You write about banks not being reliable. Yet, almost everyone own and operate a bank account. Why? Cause fiat is still very much in use today.
How then are you going to make purchases and send money for small purchases? A lot of people still use the banks despite it being untrustworthy.
You write about banks not being reliable. Yet, almost everyone own and operate a bank account. Why? Cause fiat is still very much in use today.
How then are you going to make purchases and send money for small purchases? A lot of people still use the banks despite it being untrustworthy.
Just to pay bills and get paid myself, then I convert a percentage of that to BTC.
Investing, holding cryptocurrency particularly bitcoin did not and cannot displace the banks. Banks are integral to our existence and economies. There is no time in the world when banks will come to be abandoned because of low patronage or because there are more crypto investors and holders than bank account holders.
Some people may decide to live off grid in a country that allows them to use and spend bitcoins without ever having to change them to fiat or use the bank. Fine. But is is not the reality for everyone.
I will still use banks. And I will still hold and invest in cryptocurrency. It is the fact. Banks just like bitcoin are here to stay.
Some people may decide to live off grid in a country that allows them to use and spend bitcoins without ever having to change them to fiat or use the bank. Fine. But is is not the reality for everyone.
I will still use banks. And I will still hold and invest in cryptocurrency. It is the fact. Banks just like bitcoin are here to stay.
Just be grateful that we know about crypto or that we have crypto today.
But yes, I do agree that we still very much need banks in our other financial services.
This is why it won't go away. Besides, majority of the population are still using banks.
Also, if you have a regular job, for sure, your company is sending your monthly salary via traditional banking method.
Many companies, services, and industries are still tied up with the utilization of banking services.
A good example is your mortgage. Do you really think crypto can offer such service right now?
We have cryptocurrency you still use Banks ?
The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old
The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old
Is this reality or just an exaggerated story? First, where do you live? so you can use crypto for your daily transaction needs.
What crypto do you use for overseas transactions? do you use bitcoin? I still use banks because in my country it is forbidden to use bitcoin as a payment currency. The banks in my country are also good, I have never had problems sending money anywhere.
Activities that I can do completely using crypto are when I gamble and trade on the bitcoin market.
Investing, holding cryptocurrency particularly bitcoin did not and cannot displace the banks. Banks are integral to our existence and economies. There is no time in the world when banks will come to be abandoned because of low patronage or because there are more crypto investors and holders than bank account holders.
Some people may decide to live off grid in a country that allows them to use and spend bitcoins without ever having to change them to fiat or use the bank. Fine. But is is not the reality for everyone.
I will still use banks. And I will still hold and invest in cryptocurrency. It is the fact. Banks just like bitcoin are here to stay.
Some people may decide to live off grid in a country that allows them to use and spend bitcoins without ever having to change them to fiat or use the bank. Fine. But is is not the reality for everyone.
I will still use banks. And I will still hold and invest in cryptocurrency. It is the fact. Banks just like bitcoin are here to stay.
Banks are still very important for our daily needs to make transactions to other people as well as shopping that still uses debit cards, do you think banks are bad so you trust more fully in bitcoin? Then how do you do activities using BTC is it difficult? Most of the majority still use banks for their needs.
TBH in this case our thinking is too fixated on right and wrong so that when we feel bitcoin is something right then we will indirectly think that banks are wrong.Indeed in this case we are always involved in crypto, especially for bitcoin, but that doesmt mean the bank is a mistake.Just because bitcoin and banks have opposite systems does not mean that one is right and the other is wrong. I think this kind of thinking needs to be a little bit eliminated because it is a matter of ego but for those of us who live life the concept isnt like that.
The fact that they have opposite characteristics doesnt mean we have to choose one or the other because at the end of the day we can still utilize bitcoin and banks together. Bitcoin is important for the investments we make for the future and banks are also useful to support our daily needs so there is no need to feel that we are already in bitcoin then we don't need banks because I don't think the concept is like that.
So Im still surprised If anyone still use Banks they are old
Are you sure with what you're saying that you're surprised if someone still using it? They're old? I don't think that because they're old or what, they shouldn't be used anymore. I am not promoting to use of them but let's go to the reality that there are several banks left and right in most countries. Even in the US, banks are there and likely being hated because of the interest rates they give to the lenders. Ask your relatives, aside from your family if they're still using one because banks are no longer young. 
I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it
Disliking does not mean not needing a bank because in any case when we survive in the life that is done then the role of the bank is still very central for me. Not without reason, banks with their fiat are still one of the supports for life today because after all we cannot start anything without fiat and banks for daily life.
I think in this case maybe everyone's perspective must be different but I personally feel that the role of banks will still continue even though I am involved in the crypto world, especially bitcoin because in the end I still have to be realistic not to close myself off from banks even though I don't like the scheme they are doing.
Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?
Who doesn't have a bank today? I think the majority of people around the world almost have a bank for their needs so why are you comparing it to crypto when it's clearly an alternative to banks, and I still use banks today.Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?
I don't have a problem with hacking from banks or crypto it depends on how we use it, banks are not easy to hack because they have a strong security system, when you have a problem the bank will guarantee your lost money.
Who said banks are not reliable anymore? You are too naive to say banks are useless while your daily transactions use what method? Crypto? Is crypto already popular in your country?
We have cryptocurrency you still use Banks ?
The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old
Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?
I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it
The percentage of enthusiasts on this market which can afford to completely ditch banks is too low, and the reason for this is simple, even if bitcoin as a form of investing and as a way to buy products online has spread all over the world, it is difficult to find a regular business that accepts bitcoin as a payment option around you, and by the way those debit cards you are using are still part of the banking system, so you are not really using bitcoin and instead you are just using fiat like everyone else. The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old
Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?
I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it
I think it's possible to live without banks nowadays, but for that, you need to have a safe crypto job and income in crypto of course. On top of that you need to live in a place where many shops accept crypto and with ATMs for converting crypto to cash, some things must surely be paid in cash.
But for now, it's a privilege for a small number of people, the rest of us can't get far without banks. We are forced to use them, we have to have a bank account to receive a salary... and for many other things, we need to have a bank account. So I guess the majority of people still use banks, and I don't think that we can rid of them in the near future.
But for now, it's a privilege for a small number of people, the rest of us can't get far without banks. We are forced to use them, we have to have a bank account to receive a salary... and for many other things, we need to have a bank account. So I guess the majority of people still use banks, and I don't think that we can rid of them in the near future.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old
I still use them, the older the better because they've proven themselves for so long.So Im still surprised If anyone still use Banks they are old
Do you use more crypto or banks for your daily or average transactions ?
At this time, I've got more transactions happen in crypto because of my trades but if it's about doing things on my daily life, money has to go through the bank and use it with things like bills and groceries.Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Of course, no one wants to be a victim of hackers and don't want to experience stolen money from our banking accounts.Do you think banks not working reliable any more ?
They're just fine for me but the purpose is what it is and I don't put a lot of money in them. 
We have cryptocurrency you still use Banks ?
The whole world uses banks and we still make transactions using fiat, how is it possible that we don't need fiat and even want to abandon fiat. Not to mention that every country has not regulated that crypto cannot be carried out as a transaction. So no matter how bad the bank is, we cannot escape from it.Indeed BTC is better than fiat, in fact from all angles BTC is much more perfect than fiat. But for that reason it is only an investment, not for transactions in a country because each of our countries already has fiat for transactions. Maybe the meaning of the topic you created is that instead of depositing in a bank, it is better to invest in BTC, this is more appropriate. I myself also want to say that banks are worse if we put money there, because when we put bank money, the value of our money will decrease due to inflation.
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