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RE: In a coordinated effort, banks are now blocking debit card purchases of cryptocurrency
And the hits just keep on coming. 2018 is off to a rough start and honestly I do not see it getting better any time soon. This reminds me a little of late 2013/early 2014. BTC and LTC went on a bull run...BTC hit $1000 and LTC hit close to $50. In 2014 they both crashed hard. BTC went below $200 and LTC went below $3. They both stayed down there for years. Lets hope this round doesn't take that long...although I do not think it will just because we are so much further along with some solid projects and more people are aware of crypto. Lets see what April brings.
No it doesn't remind me of 2013-2014. In 2013-2014 there was no demand for crypto and people didn't know what it was. Now there is plenty of demand, people know what it is, and other people are trying to suppress demand by claiming it's risky or by creating a risky atmosphere around crypto.
These other people creating the risky atmosphere includes some crypto anarchists who want to try to present the picture that crypto is only for criminal activity and this is also coming from some big shot establishment figures who have opinions on crypto but who never really probably even use it.
The everyman and everywoman this time around wants to buy crypto.
It appears they are much rather sell it, as charts suggest.
I don't think thats ordinary investors.