Comment by hayksaakian

part of the reason is that bit coin does not depend on any banks

if you have 100 btc in an offline wallet, you will still have it tomorrow, despite whatever bugs/attacks hit the exchanges.

imagine if your bank was hacked, many people would literally be removed of their money.

With cryptocoins, you have the advantages of keeping dollars under your mattress while still bring able to spend them anywhere that accepts them.