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Topic: Which do you prefer, bank or crypto? - page 11. (Read 3908 times)

full member
Activity: 378
Merit: 100
October 14, 2018, 01:57:33 AM
If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

Basically, both have their pros and cons. Bank and Cryto's both are reliable storage of your income but take in mind that they are susceptible to attacks. I think it is much better to choose bank since bank will be responsible to any loss in your account when they get a problem. The only difficulty is your cards.
member
Activity: 280
Merit: 10
October 14, 2018, 01:42:56 AM
If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

No matter the current crypto market situation, i would prefer cryptocurrency to banks because of its decentralized nature, also the security of cryptocurrency is better than that of banks,cryptocurrency has the capability to eliminate fraud in the financial ecosystem.
full member
Activity: 378
Merit: 100
October 14, 2018, 01:34:58 AM
If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?
Over time, if the cryptocurrency will be applied in many countries as a means of payment, then I will choose it, but unfortunately I can not trust a lot of money to this.
member
Activity: 364
Merit: 13
October 14, 2018, 01:14:21 AM
I prefer bank if I need to stored my money to secured my future life.
If I want to gain money I will invest my half of my savings in cryptocurrency because we can earn a huge profits by investing it.
jr. member
Activity: 186
Merit: 2
October 14, 2018, 12:53:52 AM
If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

Since I want to earn more money,  I'd prefer cryptocurrency than banking because my money can increase a lot if i invested is some good coins in the market unlike in bank the interest is so low .
1DC
full member
Activity: 448
Merit: 100
October 14, 2018, 12:49:50 AM
If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

In my opinion,  I really prefer investing my money in the bank because for me it's safe especially if you invest in in some big banks but the problem is your money just stays there , no chance of multiplying it so if you need to earn a lot by investing your money maybe its okay to try in cryptocurrency.
copper member
Activity: 462
Merit: 1
October 14, 2018, 12:44:13 AM
I only use Crypto to make profits and bank the profits as soon as I get them and continue with Crypto. I think money is safer in banks than Crypto.
member
Activity: 273
Merit: 10
October 14, 2018, 12:19:34 AM
I do prefer in crypto rather than bank because bank transaction is only in weekdays.In cryptocurrencies transaction is anywhere and anytime we can withdraw it.But in the bank was a safer than cryto,for me Ill put my money in the bank is for saving that I can use for my future especially for my children education.
jr. member
Activity: 381
Merit: 1
October 13, 2018, 11:32:16 PM
personally i wouldnt choose and did use both of them, but you asking us to choose then my answer was still choose bank rather crypto.
jr. member
Activity: 490
Merit: 2
October 13, 2018, 11:27:58 PM
actually both have their advantages and disadvantages. but it would be nice if both of them could work together and walk together. because crypto without a bank, it will be the same. because crypto will be valuable if there is money printed from the bank as a exchange value. Is not it? so I chose both banks and crypto.
sr. member
Activity: 518
Merit: 251
October 13, 2018, 11:26:40 PM
Initially when the bitcoin technology was introduced many people condemn it mostly the financial institutions e.g Banks. But right now the success possed by this bitcoin and the blockchain technology is now a nightmare for the banks because over the last 3years the use of bitcoin in the international market has increased especially in the year 2017 where it has skyrocket and now becoming a major currency in trading.so i choose crypto over bank.
sr. member
Activity: 490
Merit: 250
October 13, 2018, 04:02:41 PM
I trust the Bank more, because the Bank, in all countries is there, and is legal. I also use money in everyday life, which also comes from the bank. I prefer something real. and I consider Crypto as an asset, even though in the virtual world, but I have formulated that someday it will be real money. (Profit)  Grin

I don't understand how the author can discuss such a topic and compare the incomparable. Why should we prefer one thing to the other if they are different? It seems to me that the author asked such questions just for fun)
jr. member
Activity: 140
Merit: 2
October 13, 2018, 03:49:49 PM
I will go in for crypto since I would like to remain anonymous in the world  without anyone knowing my worth.Also the digital currency is able to provide it members with the maximum returns and with faster transaction also.
jr. member
Activity: 240
Merit: 2
October 13, 2018, 03:35:58 PM
Well it depends on what you want. Storing money in crypto is too much of a risk due to market volatility on the other hand, storing in banks have no benefits to you as you might lose out on potential profits with crypto
jr. member
Activity: 196
Merit: 2
TREEBLOCK.io
October 13, 2018, 02:47:23 PM
I will be honest here, I will prefer to have my money in the bank, because having my money in the bank will give me much confidence than having it in cryptos, having money in cryptos is not guaranty because of the price volatility, you can worth thousands and in few hours, your thousands might turn into hundreds
copper member
Activity: 210
Merit: 0
October 13, 2018, 02:18:40 PM
for the investment purpose i will go for crypto but for keeping money i will prefer bank because crypto is not legal in my country. i always prefer to invest 20 % of my total money so i prefer to keep 20 % in crypto and 80 % in bank.
member
Activity: 1022
Merit: 10
October 13, 2018, 08:11:10 AM
as much on times to work with the online jobs and absence with the field of business with the crypto finance the work to requires of more on shorts with chance as transmitting funds on exchange and gains on shifts with difference as the work on finance with the attains on table of altcoin market with the dedication.
full member
Activity: 518
Merit: 100
October 13, 2018, 07:54:26 AM
For storage and quick access, I will choose a verified bank. The degree of security and guarantees, plus the ability to level inflation through a deposit, quick access to finance. If I want to make a profit and I am ready to take risks, then my choice will be a cryptocurrency.
full member
Activity: 602
Merit: 134
October 13, 2018, 06:57:53 AM
Bank or crypto? I think both of them have their advantages and disadvantages.
If I save in bank, I can have access to it at any time,I can withdraw my money at any time and my money might not increase but the amount will not reduce and if there is any problem(s), there is a financial insurance that covers my saving. However, the problem is that, the money will just there without appreciating, talking about operating savings account.
In the other hand, crypto has it's own limitations too: when you need money, the assets might have reduced and most importantly because it is decentralised, if any problem should happened for example loss of assets as a result of hacking, no one will be responsible.
What I used to do is that, I don't do rush investment in crypto, I only invest money that I know I don't need it in the next 3-6 months, then I also have little amount in bank that I used for my upkeep.
But what is the essence of money in bank that is not appreciating, why can't I rather invest 80% of it in crypto.
That's just my own ideology and it has been working for me.
,
your answer what is exactly i want to say. yes, both of them have their advantages and disadvantages. *thumb up*
jr. member
Activity: 48
Merit: 10
October 13, 2018, 06:54:10 AM
For a good profit, I prefer cryptocurrency. And just to store money - the bank. Right now, we cannot ignore the banking system, if we sell cryptography, we get most of Fiat in our bank account. Banks are still useful right now, because they have a good infrastructure, and we can withdraw our money anywhere and at any time through an ATM.
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