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Author Topic: Btc & bank which comfortably for you???  (Read 2958 times)

Offline EthereumDev_

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Re: Btc & bank which comfortably for you???
« Reply #60 on: February 26, 2024, 11:47:49 PM »

I think banks and bitcoin are two different things and both have advantages and benefits. Banks are more usable for us to make daily payments, while Bitcoin in some countries can only be used for investment, not for payments.
Yes, you are right and Bitcoin will not work with any bank and vice versa. So I hope you can be wiser in distinguishing between Bitcoin and banks. Banks are only a bridge to make withdrawals or deposits to an exchange that can be used for Bitcoin transactions.

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Re: Btc & bank which comfortably for you???
« Reply #60 on: February 26, 2024, 11:47:49 PM »

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Offline Maxwell99

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Re: Btc & bank which comfortably for you???
« Reply #61 on: February 27, 2024, 11:52:23 PM »
My little thinking is

For bank investment:
Risk free
Low profit
Get profit for a certain period of time

For bitcoin investment:
Risky
More profit
Anytime you are rich

What is your opinion about it?

My choice is BTC comparing the amount of profit I will gain for it for years then the bank, bank profits and interest rate are low considering the country, Bitcoin is the best decision.

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Re: Btc & bank which comfortably for you???
« Reply #62 on: February 28, 2024, 01:21:54 AM »
I think banks and bitcoin are two different things and both have advantages and benefits. Banks are more usable for us to make daily payments, while Bitcoin in some countries can only be used for investment, not for payments.

Which means we can't neglect the importance of banks in our society, at least for now. Citizens don't need to understand the technicalities behind ATMs before learning how to make use of them.

Aside from the fact that Bitcoin in some countries hasn't gained popularity, underdevelopment in the IT sector happens to be another disturbing factor. Some people are not even conversant with certain internet of things, which will definitely have an effect on their usage of Bitcoin.
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Offline bounceback

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Re: Btc & bank which comfortably for you???
« Reply #63 on: February 28, 2024, 02:47:39 AM »
Both of bitcoin and bank are comfortably for my self and I take benefit from each other service trough bitcoin as investment way to earn much profitable in the future then Bank become the most secure place for saving money. I can't leaves or choose one of Bank or Bitcoin because both of them have the same benefit and the same most important, I don't think have ideas without Bank how to make deposit and invest in bitcoin.
Its difficult how to withdraw bitcoin fund to be fiat without using Bank service during bitcoin is not legal currency transaction in many countries and only allow for investment assets only.

Offline bayu7adi

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Re: Btc & bank which comfortably for you???
« Reply #64 on: February 28, 2024, 10:36:34 AM »
I utilize both currently, and both are indeed very useful for me to survive.

Bitcoin is able to give me freedom in transactions and also as a digital asset, it gives me advantages too when considering it as an investment. Bitcoin really contributes to making a profit for me, so that can't be far from Bitcoin at this time.

Banks also work in my country. As a money exchange and crypto agent, I find it helpful for banks to store FIAT money. Here you cannot buy food with BTC or other cryptocurrencies, so everything must be exchanged into FIAT first.

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Re: Btc & bank which comfortably for you???
« Reply #65 on: February 28, 2024, 01:03:39 PM »
With the sweet experience with banks, we cannot afford of going back to where we are coming from, bitcoin has given us the desiring taste for what we want, we have the freedom in finances, we have control over our digital assets, we cannot be charged and over charged as well with bitcoin storage on wallets, banks are modern and corporate means of extortion, there's no privacy with them neither do we have trust in them with our finances.

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Re: Btc & bank which comfortably for you???
« Reply #66 on: February 28, 2024, 01:43:11 PM »
My little thinking is

For bank investment:
Risk free
Low profit
Get profit for a certain period of time

For bitcoin investment:
Risky
More profit
Anytime you are rich

What is your opinion about it?
Wait a minute, what? Banks are risk-free? Dude it is centralized shit. You have no control over it and you can't do anything once they file bankruptcy. And when you use a bank, you are using fiat money which is never immune to inflation. And the low amount of interest you get every year/month from the bank, won't be enough to cover the damage caused by inflation.

So how is it better? And the government literally could do anything to your money if it's kept in the bank.

Thus the solution is Bitcoin. Not the perfect solution yet due to its volatile nature, but it gives you total control over your assets and gives you freedom. So my choice will always be Bitcoin over banks. But if you want something more stable for investment, lands and valuable metals like gold, silver could be your top choices.
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Re: Btc & bank which comfortably for you???
« Reply #66 on: February 28, 2024, 01:43:11 PM »


Offline TopT3ns

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Re: Btc & bank which comfortably for you???
« Reply #67 on: March 01, 2024, 10:55:52 AM »
With the sweet experience with banks, we cannot afford of going back to where we are coming from, bitcoin has given us the desiring taste for what we want, we have the freedom in finances, we have control over our digital assets, we cannot be charged and over charged as well with bitcoin storage on wallets, banks are modern and corporate means of extortion, there's no privacy with them neither do we have trust in them with our finances.
I agree with what you say because storing assets in the form of Bitcoin is more profitable because the price has the potential to increase in price and you are not subject to monthly tax fees from the bank, you only need to make withdrawals when you need money.

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Re: Btc & bank which comfortably for you???
« Reply #68 on: March 01, 2024, 11:04:44 AM »
My little thinking is

For bank investment:
Risk free
Low profit
Get profit for a certain period of time

For bitcoin investment:
Risky
More profit
Anytime you are rich

What is your opinion about it?
In my country it will be much more profitable and risk free to invest through Bitcoin and store it in a wallet rather than keeping it in a bank.
In my country, the rate of inflation is constantly increasing and the amount of banking interest is constantly decreasing, as a result of which inflation and interest rate are low, the trust in keeping money in the bank is decreasing day by day.
Moreover, keeping money in the bank gives huge benefits to the special political circles, due to which the general public has lost confidence in keeping money in the bank.  So I can't argue in favor of keeping money in the bank for now.
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Re: Btc & bank which comfortably for you???
« Reply #69 on: March 01, 2024, 12:29:02 PM »
My little thinking is

For bank investment:
Risk free
Low profit
Get profit for a certain period of time

For bitcoin investment:
Risky
More profit
Anytime you are rich

What is your opinion about it?

First of all, there there's no thing such as "risk free". Bank these days offer many kind of investment, where risk of each are different. And in extreme case, the bank may scam you or going bankrupt. Although in terms investment, both good options especially if you want diversify money you could afford to lose and you already did research on bank you plan to use.
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Offline gunhell16

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Re: Btc & bank which comfortably for you???
« Reply #70 on: March 01, 2024, 12:29:56 PM »
My little thinking is

For bank investment:
Risk free
Low profit
Get profit for a certain period of time

For bitcoin investment:
Risky
More profit
Anytime you are rich

What is your opinion about it?

First of all, I don't have a bank account because I don't really trust or like the bank. Maybe if it is absolutely necessary, I will only be obliged to apply for or open an account, but I will never set up a large account.

I would still prefer a bitcoin or cryptocurrency investment because I know that I myself have control over my fund, compared to the bank, where we have no control and instead they have control over the fund that we trust.
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Online milewilda

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Re: Btc & bank which comfortably for you???
« Reply #71 on: March 01, 2024, 12:47:35 PM »
My little thinking is

For bank investment:
Risk free
Low profit
Get profit for a certain period of time

For bitcoin investment:
Risky
More profit
Anytime you are rich

What is your opinion about it?
Bank was never been considered to be an investment if you are really just pertaining about that annual dividend,not unless if you are a huge % share holder of the said bank then it would be good but if not then better not to think up on this way because it isnt never been worth if you do ask me, unless if you do that that multi millions deposits and getting 2-3% annual then
this is something significant but if not then better not to bother yourself.

For crypto then it is way more risky and more volatile but why investors do love it the most?  because  they could be able to make money or profits
in shortest time as possible on which we do know that this is something that people would be having the choice whether they would be able to bare up
with the risks or not.

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Re: Btc & bank which comfortably for you???
« Reply #72 on: March 02, 2024, 04:53:47 PM »
First of all, I don't have a bank account because I don't really trust or like the bank. Maybe if it is absolutely necessary, I will only be obliged to apply for or open an account, but I will never set up a large account.

I would still prefer a bitcoin or cryptocurrency investment because I know that I myself have control over my fund, compared to the bank, where we have no control and instead they have control over the fund that we trust.
I don't think you need to create a bank account. Currently,  there are many places to store digital currency, and even in my country, you can store it in a digital wallet, which can be used to buy life necessities, although you still need a person or exchange place that can accept exchanges from cryptocurrency to fiat currency.

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Re: Btc & bank which comfortably for you???
« Reply #73 on: March 03, 2024, 07:32:06 AM »
Of course bank is more convenient but it depends on what it is more convenient for, I see no reason not to keep bitcoin not to transfer all the money to the bank because when I keep bitcoin I have more money and when I keep money in the bank I just more convenient to use them.
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Online $crypto$

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Re: Btc & bank which comfortably for you???
« Reply #74 on: March 03, 2024, 09:36:15 AM »
First of all, I don't have a bank account because I don't really trust or like the bank. Maybe if it is absolutely necessary, I will only be obliged to apply for or open an account, but I will never set up a large account.

I would still prefer a bitcoin or cryptocurrency investment because I know that I myself have control over my fund, compared to the bank, where we have no control and instead they have control over the fund that we trust.
I don't think you need to create a bank account. Currently,  there are many places to store digital currency, and even in my country, you can store it in a digital wallet, which can be used to buy life necessities, although you still need a person or exchange place that can accept exchanges from cryptocurrency to fiat currency.
I am not anti-bank, because after all I still feel the positive impact of banks, but the difference is that maybe I am not too active in using them, and only at certain times.

Bitcoin, of course I feel a big impact from bitcoin. I also recently benefited from the increasing price of bitcoin in a short time. If you own bitcoins and hold them, I'm sure you feel the same way I do.

It's just a choice, I myself think as long as there is still something positive why don't I have it.

 

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