Quote from: Solodoski on Today at 01:27:55 PM

Quote from: Charles-Tim on Today at 12:33:09 PM

You can lose bitcoin also through scam or wallet hack, but they are very easy to avoid if you read about it. Naira that is depreciating in price.

People usually invest in what they know and trust. most old persons in their late fifties upwards will prefer saving millions in the bank because of a petty interest and because it is what they have been used to.

Even with several cases of theft that are carried out by bank officials, you can't talk them out of making that decision because, at their prime, it is what they are used to. Bitcoin might have its issues, but most time it is usually a function of the negligence of the holder of the asset.

If this case is with bitcoin, the owner of the asset has complete control of it, and for any loss that has happened, it is usually 70% the negligence of the holder and the remaining 30% might just be factors that he can't handle.

When you relinquish the control of your asset to the bank, the bankers, and the bank itself will be hoping that they are able to steal from you so you don't get your asset back. 55 million naira stolen from just a single person? This shows how ineffective the banking system is.

Everything get advantage and disadvantage bank get advantage and disadvantages same as Bitcoin too, if not be now bank is a place where we trust and to the extent we can’t do without it because they are the ones that we grow up and see, I know that many people have get issue with banks and banks have becoming a place where instead of saving money with them it will be better you keep it at home, i have heard many stories about banks and that really affect banks because the youths and young people find it difficult to believe trust them.

You can control your assets when it comes to Bitcoin but that doesn’t mean that you can’t also lost your assets, when it comes to Bitcoins when your wallet is hacked and you got scammed it will be very difficult to get information about it how it happened but banks can get any information and how your money is being stolen unless they don’t want to give you your money but if you sued the banks they must give you back money, a bank can not steal your money and go free because they are also scared of losing customers.