Topic: Why do you trust bitcoin over banks and love bitcoins, more and more? (Read 1475 times)
January 07, 2018, 08:38:41 AM
For me, I trust them both. Banks and Bitcoins have different purposes for me. I use Bitcoins as investments and I use banks to secure my savings.
January 07, 2018, 08:24:44 AM
my main reason is many doc and need to go to bank and start new account "in my country you can’t start new bank account from your home".
also i can send for every one without need to exchange my money or using dollar.
also i can send for every one without need to exchange my money or using dollar.
January 07, 2018, 02:09:20 AM
Bitcoin transaction are secured than bank transaction and we have the full control in crypto currency but in bank there are just act as third party between the sender and reciever.
But make savings in banks are totally worthless they won't give any earnings for us but we have to pay taxes annually.But in bitcoin to bitcoin transaction no extra tax just only the fee.
and also on the way on how does we can make profit this is where we are able to take the opportunity of having this kind of currency for as we can go through and take a lot of things here. so bitcoin are pretty much better compare with banks the way on how the interest of it. But make savings in banks are totally worthless they won't give any earnings for us but we have to pay taxes annually.But in bitcoin to bitcoin transaction no extra tax just only the fee.
January 07, 2018, 01:56:41 AM
Bitcoin transaction are secured than bank transaction and we have the full control in crypto currency but in bank there are just act as third party between the sender and reciever.
But make savings in banks are totally worthless they won't give any earnings for us but we have to pay taxes annually.But in bitcoin to bitcoin transaction no extra tax just only the fee.
But make savings in banks are totally worthless they won't give any earnings for us but we have to pay taxes annually.But in bitcoin to bitcoin transaction no extra tax just only the fee.
January 07, 2018, 01:34:24 AM
Main reason of BTC popularity is very fast increasing price.
If price not rise so fast btc would still be used in narrow circles
If price not rise so fast btc would still be used in narrow circles
January 07, 2018, 01:31:31 AM
I trust both of them actually. I love bitcoin because it lets me have a good investment opportunities and earn much more money. But I still trust banks because well let us face that btc is volatile and might decrease value in due time. It is important to have a more financial security
January 07, 2018, 01:19:47 AM
With bitcoins and transactions you don’t have to deal with banks. Btc offers you a more secure way to buy things online with no middlemen to worry.
December 17, 2017, 12:56:37 PM
Every type of currency we have has its own advantage and disadvantages. You should trust the type of currency that fits your needs in life. If you feel that cryptocurrencies are just a bubble then by all means only use paper money.
December 12, 2017, 10:07:30 AM
For me, I think the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
But that is the whole point, when you put your money in a bank you need to trust that the bank is going to give you back your money at some point in the future, in bitcoin you do not have to trust anyone you are your own bank, that is the main difference between banks and bitcoin.The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
December 08, 2017, 04:48:39 AM
For me, I think the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
But that is the whole point, when you put your money in a bank you need to trust that the bank is going to give you back your money at some point in the future, in bitcoin you do not have to trust anyone you are your own bank, that is the main difference between banks and bitcoin.The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
December 07, 2017, 02:25:51 PM
For me, I think the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
But that is the whole point, when you put your money in a bank you need to trust that the bank is going to give you back your money at some point in the future, in bitcoin you do not have to trust anyone you are your own bank, that is the main difference between banks and bitcoin. The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
December 07, 2017, 02:06:24 PM
personally I do not ask, I do not particularly like bitcoin, but it brings money because everyone believes, and when the wind will turn I would sell without regret.
December 07, 2017, 02:04:51 PM
Banks provides us with many facilities which Bitcoin does not provides such as saving accounts ,salary accounts ,home loans ,educational loans,debit and credit cards etc but their are some ways in which Banks are overshadowed by Bitcoin. Now days investing in Bitcoin has became more profitable than investing in Banks because Bitcoin price is rising at a very fast rate due to which we get huge profits in a short period of time . Bitcoin is decentralized in nature due to which government has no control over it so we need not to pay any tax on our transactions.Moreover we can keep an eye on our money and no other person can access it or steal it .But, according to me it is just a matter of choice that depending on situation which one is more advantageous.
I certainly agree with this. Banks and bitcoin are totally different from each other. They have different features, processes, etc. that are beneficial to us. It is not needed for the time being to let bitcoin and cryptocurrency to become the only money we will have. Since until now, we have to admit that we still think about the uncertainties of bitcoin in the future, we still need to have our finances to be managed by the bank.
December 07, 2017, 01:39:27 PM
indeed, bitcoin reveals more and more merits, so it is loved more and more)
December 03, 2017, 07:27:29 AM
For me, the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
Yeah banks control everything on your money and have tax when you earn. Bitcoin is decentralized, secure and we have control on it. You can earn bitcoin without less tax. In bitcoin you can send and receive anywhere and anytime in the world.The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
December 03, 2017, 07:14:42 AM
For me, I think the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
Banks have been there for a very long period of time and people will still continue to deal with them. I personally prefer bitcoin as it's interst rate is much better than any bank and the profit factor from it is much better than cash in general. I use banks mainly for savings and credit card expenditure. The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
December 03, 2017, 06:32:00 AM
more than 5 million dollars processed in bitcoin through blockchain with no intermediary bank in between so it proves we don't banks we need decentralised blockchain
December 03, 2017, 06:22:06 AM
For me, I think the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
Hi there cybersofts! First of all I’m not anti-bank nor anti-bitcoin but weighing both advantages and disadvantages lead me to a comparison of a motorcycle and a car. There ratio of people that are killed in motorcycle is higher than in car this is due to safety features. That is the same as the cryptocurrency, many people enjoy the lightning fast of transaction speed but sometimes the bank could process more quickly. Some even say that bank can provide you an easy cash because their ATM is every but bitcoins is always in your hand through your mobile phone but there are more company that accept cash rather than bitcoin as of the moment. But a bank could make your money increase around 3% per month where bitcoin can make it 25% at an average.
December 03, 2017, 06:05:13 AM
For me, I think the banks sucks because they tend to control everything, period!
The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
for me is bitcoin because bitcoin is no longer process to have it not like banking because some bank is corrupt and big charges compare to bitcoin thats why i almost like bitcoin than banking! The bitcoin is fast, secure, decentralized, gives total control and freedom to the people.
Perhaps, you had better experience with traditional banking system way better than bitcoins.
Share with us what you think? thanks
December 03, 2017, 05:47:31 AM
I love and trust bitcoin because i know that i can make more money in bitcoin rather than spending my money in the banks because the banks only have a very small rate of interest which is not a good idea to put your money for long term because if you will put your money in bitcoin instead then after a few months you are already earned a lot of money.
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