Quote from: Factmine on December 14, 2016, 03:13:47 PM

Quote from: crockoo on December 13, 2016, 08:26:40 PM

Quote from: brian_23452 on December 13, 2016, 09:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Yes, I too have more confidence in Bitcoin. However, we must also take into account the fact that at present not all goods and services can be paid for Bitcoins. Therefore it is necessary to apply to banks

Though, in banks your money doesn't fluctuate unlike in bitcoins. If your on the growth time of bitcoin for sure this is your statements. How about when it suddenly drops and just continue to drop. Then I think your statement might differ from what you have said now. Banks and bitcoin can co-exist. They don't need to mutually cancel out each other and in fact, currently at least, they compliment each other.

This greatly depends on the currency

And while with major currencies like the US dollar or Euro, the case might well be that, it is far from being that with the currencies of the developing countries (think Zimbabwean dollar here). The primary difference between these other currencies and Bitcoin is that their volatility is almost always one-sided, i.e. their exchange rate, say, to the US dollar drops year after year while Bitcoin, on the other hand, has a lot of growth potential, which we have all witnessed with our own eyes during the last year