Topic: Which do you prefer, bank or crypto? - page 36. (Read 3908 times)
Well I prefer Crypto, as you rightly stated both comes with it own demerits which nothing can be done about, so why don't we look at the merits both present? comparing the two I will go in for crypto due to potential returns it's likely to bring to it investors.
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?
if I have to be honest, I still need banking to access all electricity payment transactions and so on. as well as crypto, I'm looking for profits from trade and investment. so I chose both
then, bank can be replaced by crypto at all.
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?
When it comes to HODL, we still prefer to chose crypto because it is in our mindset that the price will go higher and appreciate in the next future days, mean while Bank is certain, that whenever inflation happens our money is still our money and in the same value and amount, compared to crypto.
But for me, i would choose banks for saving, rather than in crypto. This is just my personal take to this situation, because the market is uncertain and uncontrollable.
At the moment, my preferences in favor of the bank, since after the theft of the eth with MEW, there is no certainty that this will not happen again, there are constantly new ways of hacking, it's still more reliable to keep money in the bank.
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?
Both of these systems are hackable and both of them have full of a variety of scams.
I personally prefer crypto because , i do not have to pay bank for stupid things like credit card usage . Also noone can freeze my account and ask for proof of something.
I keep saving money in the bank because until now a safe and easy place to save our money is in the bank and everyday we still need money to use and we can, pull it at an ATM and pay it by using it while crypto is an asset and investment in price that is speculative and still can't be used for traditional payments, if crypto could have been like money maybe I would save my money to crypto all
of course I don't prefer the bank. now they're making everything very difficult. intermediary institutions need to be removed. everything can be easily resolved from the digital media. we want blockchain technology. 
I have to be honest, I would have split my money on 2 variants.
50% bank and 50% crypto
50% bank and 50% crypto
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?
Local banks are extremely unstable because of the unstable economies of countries. And the state and EU banks can get into the local country under the sanction. Only crypto is not threatened.
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?
Never have problem so far with bank and I like it better to store money rather than crypto because the value won't change that much so anytime you need the money you can withdraw it immediately to use, in crypto the value constantly move so it's better as an investment, you can withdraw your money anytime you want but you also have to consider the value at that time. Bank, I can still not use crypto for anything in my country so banks are my preferred method until one day in the future maybe...
Right, banks are still the best place to store money.
Although, cryptocurrency can be more profitable than depositing money in a bank.
However, cryptocurrency has not yet had any practical applications. This is still a risky investment
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?
if I have to be honest, I still need banking to access all electricity payment transactions and so on. as well as crypto, I'm looking for profits from trade and investment. so I chose both
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 would prefer crypto to store my money. I know that the risk is so great but also we are fortunate the gain is so great that we can sustain our daily living by just the income here in crypto. The main reason why i prefer to store in crypto is that i have full control of my money.
I prefer both. I've seen first hand how banks can simply turn around and say "hey, about your savings ... they're gone, sorry. We went bust"
Yup, indeed. Very similar to Greece, but in my home country. Entire lifetimes of saving simply vanished one day. No one went to jail. No one was prosecuted, thousands protesting on the streets.
Yup, indeed. Very similar to Greece, but in my home country. Entire lifetimes of saving simply vanished one day. No one went to jail. No one was prosecuted, thousands protesting on the streets.
surely I prefer crypto, because crypto is more worth it to be made an investment, it is because the profit get by crypto is very big compared to we save our money in the bank.
If only cryptocurrency is stable, I really prefer to use it compare to banks. I am not really happy with banks services most of the time they are trickster, because they're purpose is to make money from you and sad reality Banks make money from people who has no money, I am sure a lot of people experienced this the overdraft charges. Therefore, I want crypto to be in mainstream not just an speculative investment.
If we consider the issue in terms of technology, then probably the most profitable option would probably be BTC because today this technology is at the forefront of progress, so I make my choice in favor of innovation.
for reason to keep my money safe of course i choose bank. i will put in crypto if there are safety and guarantee from the dev.
Well as of know i do prefer banks because we knew that we can fight for our right and we can report it to the authority if something terrible and ugly that bank might can do. While in crypto we cant do anything and its hard to chase who are the scammers and bad elements of the crypto world many newbies were being victim of this bad elements because of lack of knowledge and guidance. But we all knew that this new technology has a great potential especially the blockchain ,i think when this technology were going to upgrade its security and laws this will change the world and forget the banks
almost everyone would prefer a bank, because crypto is very large and more dangerous than banks, a huge loss is very close to you
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