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Showing 2 of 2 results by Magiciansmate
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Topic
Board Speculation
Re: Reason behind this sudden fall of btc
by
Magiciansmate
on 13/06/2018, 04:12:31 UTC
Anyone knows the reason behind this sudden fall i listen some fud from Vietnam anything else going on
When moon ? 😢
It is a reality of the crypto market. Whenever the bitcoin value collapses or it fluctuates slightly than normal. It means that FUD will be rampant in the market and investors easily give up their bitcoin for a low price. > 50 billion market capitalization has been blown in the past two days. When the panic is over, I think this will cause bitcoins to fly to the moon sooner. Be patient for bigger goals.


Main reason is the South Korea weekend hack from coinrail. $40 million was stolen.
Post
Topic
Board Bitcoin Discussion
Re: BIG banks ban credit card purchases for BITCOIN
by
Magiciansmate
on 13/02/2018, 11:05:14 UTC
guys, stop and read (apologies to those of you who have, but it's Worth reiterating)

None of these banks have banned buying cryptocurrency. At all. You can do what the hell you want with your money when using these banks. Keyword, YOUR money.

A credit card is a loan.

NOBODY with some soul and minimum fiscal responsability would ever let you take out a loan to buy cryptocurrency. that is irresponsible and all-in-all a terrible choice. If you DO want to buy crypto with borrowed money, then you will have to find someone with little enough scruples and high enough interest rates that won't mind giving you money to burn.

What these banks have done is _resposnible_, it is good. for them AND for the customers. Sure, they most likely did not do it out of the kindness of their heart, but because they have little ability to recupe eventual losses. still a good thing.

Absolutely correct. Given bitcoins ups and downs, people buying on credit cards are taking a very risky gamble.