Why I hate Banks and love Bitcoin :-> - page 3.

Dondont

member

Activity: 446

Merit: 12

BitbondSTO.com | Germany’s First STO

Quote from: XinXan on June 03, 2019, 02:43:07 AM

Use paypal or credit card, also bitcoin could have taken way longer than 20 minutes, sometimes it takes hours too so your example is pretty shitty if you want to make banks look worse than bitcoin. You had several options for instant payment, its your fault for refusing to use them, not the bank.

Because people prefer something that has a faster process. And in this case, Bitcoin is the winner, leaving aside the fluctuations and analysis going forward, of course Bitcoin wins because it is very easily accessible. 1 personal may only be able to access 1 account per 1 Bank, but in bitcoin you have no limits. And especially with an anonymous system which create free people are very happy.

Harith65

member

Activity: 462

Merit: 10

i hate bank and love bitcoin. there are many reason for that. if we deposit some money in bank it will not be charged more interest in bank but bitcoin prices are changing and i will be able to take more profit that bank investment. there is a risk in price reducing we should have better understanding of bitcoin before invest. that also the point to in vest in bitcoin because i have to learn and observe about bitcoin. i used to do it as my hobby

xamxam

full member

Activity: 409

Merit: 100

Quote from: Kakmakr on June 03, 2019, 01:52:58 AM

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again.

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. Angry

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. Angry

Well, if you transact using banks online, surely it may take 1 day here in my country. Its too delayed actually, but at least We now have an exchange now in my country that bitcoin accepted and can also be traded too, aside from that using this exchange I can able to pay my bill using my bitcoin balance through this exchange. This is one of the reason why like it and I had no more use for bank anymore.

therhslv

sr. member

Activity: 1022

Merit: 264

Not sure why it took so long to reflect . I usually pay bills with my internet banking and money sent is almost instant with my bank . Ofcourse depends what bank is on other side that i pay , but if its same bank what i hold it takes seconds . If the other side got different bank , it takes minutes . Ofcourse cryptopayments would be really nice to pay my bills , probably it will happen sooner or later

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

Banks is greed on giving each investors a huge interest of their money despite of continuous and consistent deposits given by depositors. That's the reason why other's won't prefer having bank deposits instead they option to keep it personally on their resident vaults. Bitcoin beloved by people due to decentralized and not controlled by any sector, and you'll be earning independently.

fiulpro

hero member

Activity: 1862

Merit: 830

Well even when it comes to Bitcoins , we also have lightning payments ;
Now lightning payments allows us to transfer things instantly that too with a reasonable fee , wide adoption of lighting network is something that could change the whole economy and at the same time it could give us freedom to do whatever we want with our money.
Banks can actually close your accounts for ridiculous reasons and then cannot be reversed , this is actually something that people can face in foreign countries.
I think Bitcoins can be excellent for payment and for short term holding in that case.

Emmanuel Bakhaty

newbie

Activity: 5

Merit: 0

in my personal opinion, because in the bank when we save money, then every month the deposit will be deducted as administration while in bitcoin there will never be an administrative deduction.

dimox

legendary

Activity: 1610

Merit: 1003

and you still use bank until now.
you know if what people hate sometimes give convenience for them, but they dont look at. big good service sometimes closed by small fault. and maybe it happen because you are late pay your arrears.
hope if in your place have good service and accept bitcoin as payment.

Irvinn

full member

Activity: 966

Merit: 104

During this period, there is practically no infrastructure for using cryptocurrency as a means of payment. Of course, with the exception of some countries and some online resources. But I want to draw the attention of users to the fact that even using Bitcoin transactions is possible only between users of cryptocurrency. And if we want to transfer funds, for someone from a larger audience, here we cannot do without a banking system, because Bitcoin community is not very big yet.

Distinctin

hero member

Activity: 2772

Merit: 645

No dream is too big and no dreamer is too small

Quote from: Wolfwar on June 29, 2019, 04:44:30 PM

In my country, some online stores have already started accepting Bitcoin as payment for goods. But I will not be in a hurry to give away my Bitcoin, since I have Big Hopes for increasing my bitcoin stocks price several times. Thus, today I use paper money or bank cards, I will keep Bitcoin until better times.

I don't see the sense of not using bitcoin for online transaction when it could give you convenience.
The coin is valuable but for daily needs, you don't have to spend what you are suppose to save, just buy bitcoin with your fiat and then enjoy. That's easy...

Not because we believe bitcoin will grow we will not allow ourselves to spend it when it's possible to convert our money anytime.

denasha92

member

Activity: 616

Merit: 10

Quote from: ?? on ??

i love bitcoin and i don't hate bank.Yes,bitcoin has come to give us what bank cannot offer us, how many banks can engage us this way and pay us, bank job is not open to all on free criteria. but bitcoin is there with that.
While bank has its own special and inevitable advantage, there is no bitcoim ATM in my country yet, i use bank.

means we still need the bank though it is charged in the transaction. bitcoin and banks are indeed correlated, bitcoin can be used as a means for both short-term or long-term invest while we need banks to convert bitcoin into cash through ATM or other bank services. so it is better we look positively to the bank of and bitcoin.

RomanPetrush

full member

Activity: 630

Merit: 123

Join @Bountycloud for the best bounties!

As I can see, we have companies with quite old technologies. It's not about bitcoin or crypto itself. For sure blockchain could be helped to resolve situations like that. If your company would have a smart contract to control your access to the tv. Soon companies will implement that technology, and we could get access in seconds back.

Wolfwar

member

Activity: 630

Merit: 14

In my country, some online stores have already started accepting Bitcoin as payment for goods. But I will not be in a hurry to give away my Bitcoin, since I have Big Hopes for increasing my bitcoin stocks price several times. Thus, today I use paper money or bank cards, I will keep Bitcoin until better times.

whyrqa-1

member

Activity: 350

Merit: 10

Quote from: bozo333 on June 29, 2019, 02:55:43 PM

Banks will never support the cryptocurrencies which can be work independently. Recent days some of the banks are adopted XRP and some more cryptocurrencies but now emergence of many centralized coins may collapse the market.

Always keep support the decentralized marketplace to stay stronger for long time.

It seems to me that the banking system will accept the modern rules of the game and will also participate in the cryptocurrency market not only as investors, but also as developers of cryptocurrencies and various projects. For example, you can bring a project like Libra, which will combine up to 40 different resources, such as Western Union, which are engaged in money transfers in parallel with banks.

bozo333

sr. member

Activity: 742

Merit: 255

CryptoTalk.Org - Get Paid for every Post!

Banks will never support the cryptocurrencies which can be work independently. Recent days some of the banks are adopted XRP and some more cryptocurrencies but now emergence of many centralized coins may collapse the market.

Always keep support the decentralized marketplace to stay stronger for long time.

DES_MX

member

Activity: 216

Merit: 13

I believe the actual financial program continues to be a good hurdle for the clients, this will go too within the program associated with my personal nation, I love repayment along with bitcoin however in the nation we now have not really obtained repayment via bitcoin due to restricted system as well as amenities, ideally within a couple of years the nation is able to take bitcoin with regard to numerous obligations as well as help to make providers simpler in most element.

The Cryptovator

legendary

Activity: 2282

Merit: 2196

Signature Space For Rent

Your hate is appropriate on your situation. But unfortunately still we have to use Bank even we hate. Because most of organizations doesn't accept bitcoin, in a result we are unable to spend it directly even this is our favourite payment system. There is need third party on banking system and perhaps its need manual approval if you make transaction on another bank accounts. So this system is bit complicated. But on bitcoin payment system we don't need third party. Wondering some days we will able to use bitcoin everywhere.

denasha92

member

Activity: 616

Merit: 10

Quote from: KacperBTCrypto on June 29, 2019, 01:06:19 PM

i actually never had problem with sending money but i still prefer btc Wink

I also prefer that has low transaction costs both locally and internationally and the shipping is fast such as bitcoin that do not have to pass through the bureaucracy of the banking organization complicated

KacperBTCrypto

newbie

Activity: 14

Merit: 0

i actually never had problem with sending money but i still prefer btc Wink

Lily_Olive

newbie

Activity: 42

Merit: 0

I personally recommend you to use Bitcoin.. i ever mostly use bitcoin rather than bank. Because bank transaction take 1 to 3 days alsmost.. so bitcoin is best...

Topic: Why I hate Banks and love Bitcoin :-> - page 3. (Read 9021 times)