Banks vs Blockchain technology. Where is safer for money savings ?

[Michal 20]

I read about cryptocurrencies news, social media and other side and every one this place can tell me "That it is gold of the XXIst for investing money.

Gold, ok I understand this as a symbol of profit or some security for the future without worrying (exaple) about the total loss of money which my savings money from family generation to generation.
Apparently, gold can never drop to 0 in its value, because everyone wants it, has the applications humanity needs, is beautiful and is not easy to find
or bring it out. Just why they compare bitcoin to gold while being aware of the 2017 story when Bitcoin had a huge price drop in just a few moments. So why do they compare investment in it as in gold?

Is Bitcoin, or will it always be, as surely an investment as gold 50 years ago?

[Opinder 1310]

Banking system is safer than blockchain system to keep your money because in blockchain your account can be hacked easily and you will get nothing but in banking system bank provides you full security and if your money tansferred to other account bank can take that money back.

[Hatred 1388]

I think it's much safer for you to store you savings in the bank than in the blockchain. But if you want to invest your money and make it grow, I more prefer blockchain because it has a higher value of exchange than in the banks.

[Afrizal rahman 2636]

I think bitcoin is a great way to save money. where there is no tax in it and its use is not difficult. no waiting in line like a bank. yes everything is made easy.

[Thekingcallme 1975]

I believe that the blockchain is the safest and most secure way to keep your money safe from theft or loss

[Luciferludz 1442]

Fiat banks are more safely with our money savings because they have assurance with the world bank that's so if the bank got any crises the customers money are safety with world bank

[Michal 20]

Spoiler

 

Thank you all for your comprehensive answers.

I was convinced that in the cryptocurrency forum the answer to the question contained in the subject of my post would be unanimous and unambiguous, i.e. that cryptocurrencies are a safer and more profitable way to store our values today.
 

My opinion is that: Some poet would tell know "What the eyes can't see this heart is not a pity".

The thing is, we can't really say if banks are a safe place to deposit our money, because when we give it there and we leave the window or the cash deposit machine, we still don't know what is really being done with them. According to the procedures and contracts signed at the bank, we can imagine it but an example from my life how buying a new TV through the internet looks like as a customer and how it looks from the courier and courier companies that deliver this television to us. They are not softer than us;)
Blockchain gives us the opportunity to view it and track transactions from start to finish. The banks or financial instituted - charges fees for our money stored in it, although it thinks that it gives us a small percentage per year if we keep money in a savings account or deposit. The influence of the government on banks can change everything in just a few moments or worse, if the bank suddenly declares its bankruptcy as it was in Poland. The financial company AmberGold (2009-2014) operated in the ponzi system, which resulted in losses of nearly PLN 851 million (USD 200,000,000 +/-). I believe the best solution for storing and safeguarding our values at Stabelcoins. I will write an article about which I will gladly invite everyone to read and talk about this solution.
 

Thank You all

Best regard🕊️ 

Peace

[Sahbana 212]

Banks and blockchain will only protect our money but will not protect its value which will shrink. But if you really want to protect the value of a currency then it's better to buy gold and keep it for yourself.

[kizz 3370]

I think both. When you say bank automatically it was sure trusted because it has permit in the government while in blockchain you can earn and invest money atleast you will know if it rises or not means you can have a look to your money anytime. It's just the matter of how will you take care of your money not to be hacked or robbed ^^ 

[Wijayafajar06 274]

in my opinion to save money on the blockchain because there are no transaction costs while in the bank there are transaction costs, only the weakness of the blockchain is less secure because it can be hacked while the bank is difficult to hack,

in my opinion to save money on the blockchain because there are no transaction costs while in the bank there are transaction costs, only the weakness of the blockchain is less secure because it can be hacked while the bank is difficult to hack,

[Shahud 1319]

Both ways blockchain technology and banks are safe for money saving.but banks are more safer than blockchain technology ..but its depend on you how do you protect you money from any loss

[doriahailee 643]

I think bank and also gold was still good choice if you want more safe asset, It's already exist for a long time and the gold was already survice to for a hundred years but i'm not say if blockchain technology was bad, It's was the future of this ecosystem but still need more improvisation.

[Luciferludz 1442]

For me I thinks that's the banks of fiat currencies they are mostly safe for money savings more than the blockchain security is not that much

[bliznec 22267]

Bitcoin today is in demand among people and buy bitcoin today. It is best to store funds in a cryptocurrency portfolio and it is more reliable. As for fiat money, banks will come down for this. 

[patitaycute 648]

The bank system is more sufficient to save your profit although both bank system and blockchain technology are prone to hacks but the benefits of banks if you lose your profit on hacks the banks might provide all the money lose to you.

Edited January 12, 2020 by patitaycute
Wrong info

[Great Commander 659]

Security of those two are useful in their own way. The customer on banks has the capability to file an affidavit once their account has been breached or they suspect their funds was stolen. Blockchain has no way to recover your earnings. 

[Honny143 13612]

I'm my opinion banks is safe because banks are the key roll in our economy and they existing 400 to 450 years in world and banks gives more security the blockchain technology existing maybe 10 years in the world yes blockchain technology gives low fast and security but many peoples believe there is no safe  for example binanance hacked 7000 btc but banks also robbery and do scam but also banks are safe 

[Vanessa 1266]

Actually both are risky , risk is lower in banks in the other hand your money is not profitable when you put it in the bank. One percent per anmum is really small. They are the ones who has more benefits on it. While blockchain has high risky of security but as if the moment they keep the trust of the people, the chances of profits is high.

[Sumayya 493]

Blockchain is more safer but also involved risk, the price may fall affecting your save money and you can control your money than the bank

[Delgboke 2480]

I think the possible best way is to invest in the sector by dividing the the money into two part one goes to bank for savings and the other ones goes into cryptocurrency investment, for me the one you put in bank is more saver but has low income return but there other money you invested in crypto asset is going to yield more increase in the future. 

[DidaNahrisya 165]

If someone wanted a safest place to save money i suggest it to banks. Because bitcoin fluctuation is high but can give a good return

[fuer44 1083]

for now, banks are still safer than blockchain, bank security systems are more secure while blockchain is still vulnerable to being hacked. but in terms of effectiveness and speed of transactions, blockchain is better than banks, because the peer to peer system allows people to complete transactions faster.

[pakjobhelp 1585]

You know that the upcoming new technology is block chain and old technology is bank. if you store your currency in bank and this is the mean you bank use your currency and if you want to take whole withdraw then you wait some days but if you use the block chain technology then you take with draw with in few mints.

[khan22 3478]

On 12/21/2019 at 9:51 PM, Bijoy52 said:

I think in Bank vs. Blockchain technology I would say that Bank E is safe.
Blockchain is a platform in the virtual world, which may not be safe, but if the bank is actually keeping your earnings, you may be optimistic that it may not be safe, but it is a little difficult to trust the virtual world so much.  No matter what happens, it is really difficult to say, in my view,

Yes banks are safe but i think blockchain is also safe because so many peoples will use the blockchain and they transfer thousand of dollars transfer from one place to another and they sure about the blockchain that it is safe like peoples will invest the exchanges to buy different coins because they believe that they got good profit in future.

[altcontact 34]

The banking system in the world has developed over the centuries. This is almost no alternative way to carry out financial transactions. In any case, it was before the advent of cryptocurrency.

Blockchain technology itself appealed to banks. And many of them are already starting to implement it. But the attitude towards digital currencies is rather negative. In world practice, there is a blocking of operations related to cryptocurrency. Some banks have banned the purchase of bitcoins with credit cards.

Cryptocurrencies were created as a counterweight to the traditional financial system. And judging by the fact that their capitalization is growing, banks will have to start interacting with them sooner or later.

At the same time, the income from investments in cryptocurrency can increase several times, in contrast to the traditional system of banks.