Bitcoin ban expands across credit cards as big US banks recoil
Hello every one ,
now a days market goes dip too much and everyone worried about this situation me also one of
them but i hold all coins for long term .
Well there goes one method I'd teach of artificially spending money on travel rewards credit cards to meet what's leftover on minimum spend requirements for their new travel rewards credit cards. Haha.
If people still had money to spend within 2 to 5 days left on their introductory offer for their new credit card sign up bonus, I'd just show them how to buy crypto currencies and immediately sell it to meet the required spending threshold.
Yes I consider it safe. Selling off the crypto-currency you just bought within 15 seconds of buying it? The price wouldn't fluctuate or crash that much.
I really don't see this as a problem because the people that want to buy a Bitcoin will find a way to buy Bitcoin
either through ATMs or other means exchanges there's going to be ways to get it
and if you make it hard for people that want it to get it sure the prices will go down but there's still going to be a market for it no matter what....
A ban on Bitcoin credit cards is certainly a blow to its usability as an actual currency. However, we don't have to rely on credit cards to make payments with Bitcoin. People will design alternatives such as apps for smartphones.
bitcoin: Last 3 months in 46 sec
must watch:
Thanks information
welcome !
one of my friend told me that rates will upgrade in March
sure ! price up again in next 2,3 months .
Good explanation. We should hold it for long term
Is this ban worldwide?
And another thing I'm wondering is,
Is there a way this could cause blowback for these
creditcard company's?
The ban in credit card is due to its very high transaction fee. But look at the big picture credit card company continue adopting cryptocurrency. The best example is litepay for litecoin.
I am in the US and I really wish we could not only use credit cards for deposits on occaison but more importantly cash withdrawls at ATM's
If them limit it to direct transfers then that would be in line with their behavior towards customers investing in stocks.