Is Bitcoin safer than banking? - page 11.

denzkilim

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Quote from: satria33 on September 16, 2018, 12:20:34 AM

Quote from: ShowOffoN on September 10, 2018, 04:34:50 AM

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

I think bitcoin and banks are different. Now that banks are safer than bitcoin, banks have a smaller risk of losing than we store assets in bitcoin.
But it's back to you.

Correct, This two kinds of method of storing money have both upsides and downsides and these two also has their risks. If banks get bankrupt the person that stores a huge amount of money in this method will surely lose his/her money and only get a small amount of collateral and that's pretty much frustrating.
Literally, we cannot store money on crypto currencies because of its volatile nature (except Tether) and its correct term is investing/investment. Crypto currency investment is for "HIGH" risk takers and banking is for "LOW" risk takers and this two are so different and I don't know why a lot of people are comparing this two as the same lol. Grin

GabrielBrandon

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Bitcoin and bank both are safe but I personally think bitcoin is safer than bank because we can not control banking system but here we can make the security harder.

Antony85

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For me, Bitcoin is safer than a bank but I'm not saying that banks are not a good thing to save our money to them. It's just that more like that in Bitcoin savings there is a possibility that your amount of money can be x3 to x10 or more depending on the value of the bitcoin price when rising quickly. And banks need a lot of documents while not in bitcoin.

rose9696

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Quote from: ShowOffoN on September 10, 2018, 04:34:50 AM

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

I think the Bank is safer than Bitcoin. Bitcoin is constantly changing and is subject to whale manipulation every day. Depositing money into the bank you will get daily interest and be safe....

satria33

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Quote from: ShowOffoN on September 10, 2018, 04:34:50 AM

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

I think bitcoin and banks are different. Now that banks are safer than bitcoin, banks have a smaller risk of losing than we store assets in bitcoin.
But it's back to you.

setialovers

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If safe mean hard to steal, i am believe bitcoin is much safer that we keep money in banks. But if that mean for the value, i am believe bitcoin price always volatile and always have high fluctuation. I do believe keeping bitcoin much more safe than keep paper money because fiat purchasing power always decreasing

jhonvir666

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it's up to you if you have confidence in the BTC and other crypto currencies here. Doing these things we should decide ourselves if you need to rely on others that you do not really know that you are safe or not. we should not only believe in the bad news you are reading, and we need to believe in ourselves and just have to trust the power of digital money in our world.

tommy48

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Public Blockchain has high security because network nodes have been created globally, and consensus is carried out by millions of nodes from around the world. Whereas the Personal Blockchain only has very limited nodes, and this allows hacking.

indriyanti

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if for security maybe banking is safer than bitcoin because if your assets are lost it might be able to be restored and being for bitcoin security might still be said to be not as good as banking because if bitcoin is stolen we will not be able to return it, but if we want to find results from investment, we choose bitcoin instead of banking

korkor

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Bitcoin is safer than the banking system. With bitcoin, you are in charge of every transaction you make. Transaction fee associated with bitcoin is also far less than that of banks transaction charges. Bitcoin also operates on a decentralized system making it easier to use

alroys

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Yes, Bitcoin has advantages over banking. and this is one of the advantages of Bitcoin. but even so we still have to be careful with Digital assets that we store in our wallets, nowadays there are many criminals trying to hack bitcoin wallets and other crypto wallets. because this Cryptocurrency is an opportunity to get a very lucrative profit.

aryaadikariyansyahsuwarto

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This Is Promissing Project

Actually, in my opinion, both banks and bitcoins are the same as risk, depending on our own security. Because you have never been hacked by bitcoin hackers, if that happens to you, then surely you will say bitcoin is like a bank that has a big risk. .

BennyK

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Quote from: ShowOffoN on September 10, 2018, 04:34:50 AM

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

Fraud will continue to exist within an financial firm or anywhere money can be generated. There some been several cases of Banks in my country operating without the permissions of the central bank of my country. Some run losses and collapse leaving its investors in Limbo.
Looking at this, I vouch for Bitcoin as users are their own security and controllers of their wallets and transactions.

wizardcrypto

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Bitcoin safety is not 100% guarantee although new project on the crypto world are springing up every day to address the security and the safety of bitcoin and other cryptocurrency but none have been proven worthy by the mainstream . until there is drastic measure and lasting solutions to bitcoin holder , banking is still safer because banks are operating under insurance .

Okrah

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Quote from: LindaFallar on September 10, 2018, 06:22:22 AM

I think Bitcoin is safer than banking. Bitcoin is more accessible than banking. In terms of transferring money.Bitcoin will be transact easily than banking and no need to fill-out forms just to deposit or withdraw. Just think if you want to take risk of your investment. Are you for Bitcoin or are you for banking.

Yes, I think also that having your money in your own wallet is much safer than letting others holding it. You feel more secure. If you save or invest in a bank, there are tendency of improper handling of your money that is why some banks filed bankruptcy.

RaffiAndra

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honestly it is safer if we save at a bank, compared to we save bitcoin, because the price of bitcoin itself is still unstable, nothing guarantees the certainty of the price. Whereas if we save in our bank, the government will guarantee it

alfs75

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platform for everyday business

Quote from: ShowOffoN on September 10, 2018, 04:34:50 AM

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

Actualy my opinion of this are mixed maybe i can say thats crypto is safer in banking and maybe i can say are not,because first banking are more stabilize than crypto in terms of monetary fund and its would been regulated and legalized by the worlds government ,even there is fraud its been contolled,otherwise i could say thats crypto is more secured in banks because you are the one who hold your capital or your wallet on your own,so this means that your capable the security of your own resources.

CASTIEL05

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In terms of financial security and right management, I go for banking. If you will have savings through banking, assure that you can hold your money whenever you decide to withdraw it. However, if you want a real investment and profitable source of income, I will say that bitcoin is much better than banking. But, there are always risk when you put your money in bitcoin so if I were you, I will study the complexity of BTC.

patrickj

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Banking is all around directed and there is no namelessness. Along these lines, the level of responsibility required from the players in the banking industry is high which implies that monetary violations can be avoided. Digital money isn't controlled and it is mysterious. This makes it simple for criminal to carryout all way of violations. Keeping money is more secure.

zwiggel

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I think bitcoin and bank have their own security. Bitcoin has strong advantages in security but it also has many holes.

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