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RE: Harder to Buy Cryptocurrencies via Bank Credit Cards This Year
I really find it odd that people need to take out a loan to buy crypto. They should be reminded to invest only what they can afford to lose and putting all of their life savings in here. Unless they really know what they are doing and they understand the consequences.
Yeah. Credit cards are really useful and convenient in many aspects. But taking out a loan to invest in crypto is something that people should think of over and over again.
Same here .. it is weird ... I was using credit cards so that I could also get travel award mileage points ... it was killing two birds with one stone. But now that credit cards are much harder to use (with the increased % fees and cash advance fees) ... I'll just have to stick with regular good ole bank transfers.
Well, using a credit card might just be a convenience, and hopefully, they intended to pay the bill right away. It's hard to say. But yeah, it's not a good idea to invest more than we can afford to lose in this volatile market.