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Topic: Which do you prefer, bank or crypto? - page 19. (Read 3889 times)

member
Activity: 313
Merit: 10
October 06, 2018, 06:19:48 PM
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?
I think the issue of fraud is everywhere and not in the banking sector alone. If in crypto there have been cases of hack of people's wallet and loss of funds. Then when it comes to choosing between crypto and banks, I think decision will vary based on individual perspective. For an individual who is a risk taker, he or she is welcome into crypto but for those who do not like to take risk, it is better they let their money be in banks. However higher profit will accrue on crypto investment while little or nothing will yield from the one saved in the bank.
member
Activity: 190
Merit: 10
October 06, 2018, 06:16:06 PM
I prefer to diversify risks. It seems to me that you can not keep all the capital in one place. That is why part of my capital is in the bank, and the second part is invested in cryptocurrency.
Diversifying risks gives me a lot more unpredictable situations whenever I invest in Tron.
legendary
Activity: 1386
Merit: 1001
October 06, 2018, 06:11:36 PM
I prefer cryptocurrencies, but to be honest, I still using the bank services and I think that most people around the world depend on this services for paying for their daily bills. Cryptocurrencies aren't yet supported everywhere, and the greatest marketplaces online still not accepting them as payment methods.
hero member
Activity: 1834
Merit: 523
October 06, 2018, 06:07:27 PM
I prefer to diversify risks. It seems to me that you can not keep all the capital in one place. That is why part of my capital is in the bank, and the second part is invested in cryptocurrency.
Thats is better Idea because if you only choose one that is very risky but if you half your capital for bank and cryptocurrency and aything happen to one of them you also have one to support you. But if to the people if they choose bank or cryptocurrency.
member
Activity: 406
Merit: 10
October 06, 2018, 06:03:27 PM
Both options have pros and cons, why we have to chose? We can use both, but I prefer Cryptocurrencies because they are decentralized, privacy protection, ease of use, fast transactions and reduced fraud.
full member
Activity: 378
Merit: 102
dApps Development Automation Platform
October 06, 2018, 01:30:30 PM
I prefer to diversify risks. It seems to me that you can not keep all the capital in one place. That is why part of my capital is in the bank, and the second part is invested in cryptocurrency.
full member
Activity: 644
Merit: 101
October 06, 2018, 01:27:53 PM
Today, you and I understand what the bank lives on and what tricks the bank goes on, do you think that today cryptocurrency is worse? I don’t think, because you can make very good money for those deposits that can be made in cryptocurrency, but you can also lose it.
full member
Activity: 448
Merit: 100
October 06, 2018, 01:22:33 PM
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?

Let's face it. Despite the fact that we have digital assets, we all have assets in fiat too. Right now, there is no one that is better. Despite the fact that the crypto space is revolutionary, it is still not safe to keep one's asset. Maybe in five years, the crypto will be better but for now , there is no one is better
member
Activity: 490
Merit: 10
October 06, 2018, 12:57:19 PM
I prefer crypto, because it is more profitable and what is more important, crypto is decentralised, so for me it is the most potential thing in the world,much better than bank
member
Activity: 243
Merit: 10
October 06, 2018, 12:54:58 PM
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?
Bank is having a stable market but it was to small in earning profits I believe its more profitable in crypto because the fund is unlimited and more gainins,to earn.In terms of investment I prefer on crypto due to the opportunity to earn with or without investment.
member
Activity: 378
Merit: 10
EndChain - Complete Logistical Solution
October 06, 2018, 12:44:27 PM
i will prefer crypto, because the bank will never give me a profit as big like crypto and of course the bank will never make me rich, although if we keep our money in the bank safer than investing our money in crypto I still choose to invest in crypto.
member
Activity: 387
Merit: 11
October 06, 2018, 12:33:44 PM
I think that in present circumstances, i would utilize both the options, bank is still considered relatively safe to keep funds. On the other hand, for faster transactions and anonymity you need cryptocurrency.
full member
Activity: 266
Merit: 100
October 06, 2018, 12:33:22 PM
Personally, I trust my money more with crypto than the Bank. I do not keep money in the Bank, and use a Bank account only to pay online.
newbie
Activity: 15
Merit: 0
October 06, 2018, 12:29:45 PM
Whether I just wish to storehouse the capital , I would similar exploitation the deposit servicing representing storehouse it, all the more the deposit decided smash lastly , you furthermore buoy recoil your capital over the regional administration , on the other hand whether I wish to adorn , I would similar lay out it in the crypto marketplace .
member
Activity: 280
Merit: 10
yamzu
October 06, 2018, 12:22:22 PM
In my opinion, the cryptocurrency has a perspective future to change banks and be one money turnover system. But not now.
newbie
Activity: 26
Merit: 0
October 06, 2018, 12:13:58 PM
Crypto does get a diversity of superiority that cannot be finished close to arrays , on the other hand I yet select cambers , as I anticipate arrays are safer than crypto, and the primary bar of crypto is the equivalent of safety that is yet extremely minimal
member
Activity: 126
Merit: 10
October 06, 2018, 12:11:04 PM
I still prefer bank over crypto in where the safest place you can store all your money. But when it comes to invest ofcourse it will be crypto. Although in crypto for able for you to gain profit you need to know the trend and smart thinking and perfect timing. Because of the unstable market.
full member
Activity: 448
Merit: 103
Bitgesell (BGL) Decentralized Cryptocurrency!
October 06, 2018, 12:06:55 PM
for storing the money I earned - I will certainly choose a bank. Now I have got a serious and well-paid job. And I do not intend to sit and worry for my money in cryptocurrency.
member
Activity: 280
Merit: 10
www.becent.com
October 06, 2018, 12:01:32 PM
Banks are more comfortable as for me. It is challenging to find a place that will accept BTC as the payment method, especially in Europe, so I think that cryptocurrencies will be loosing this fight until they are going to find something as comfortable as credit card.
member
Activity: 334
Merit: 10
Global Trans-Fee Mining Exchange
October 06, 2018, 11:52:53 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?

It depends on the currency. For example, if you are going to store Euro, you should be very careful, because it is pretty unstable. In the same time XRP and ETH are stable too, but they depend on the overall market situation very much. Choose wisely!
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