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Pathi (OP)
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November 07, 2014, 08:19:02 PM |
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I notice that there are a lot more exchanges etc that will take a credit card to buy bitcoin now. 1 year ago that was almost impossible. While I think it's great that 1 of the main barriers to investing in bitcoin is going away, I worry about bad publicity. When some of the get rich quick guy's run up 50k in credit card debt and cry to the media about losing everything etc etc...
Anyway, I wil just continue to buy 300$ or so a month worth of bitcoin. And hodl Hodl, HODL!
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BennG
Newbie
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Activity: 7
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November 07, 2014, 11:21:14 PM |
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but with more users, the volatility will decrease, so there will be less crying, but i got your point.
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darkangel11
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Defend Bitcoin and its PoW: bitcoincleanup.com
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November 08, 2014, 03:26:30 AM |
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There's a saying that no publicity is bad. If someone fucks up and goes to the media it will discourage some people but also more will hear of its existence. Believe or not but most people in the world don't even know what bitcoin is, just ask some old people and you'll see.
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pattu1
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November 09, 2014, 03:52:28 AM |
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I notice that there are a lot more exchanges etc that will take a credit card to buy bitcoin now. 1 year ago that was almost impossible. While I think it's great that 1 of the main barriers to investing in bitcoin is going away, I worry about bad publicity. When some of the get rich quick guy's run up 50k in credit card debt and cry to the media about losing everything etc etc...
Anyway, I wil just continue to buy 300$ or so a month worth of bitcoin. And hodl Hodl, HODL!
You should note whether there are any additional charges when you bitcoins using credit cards. |
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Undermood
Legendary
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November 10, 2014, 09:55:10 AM |
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The guy mentioned by OP will have personal bankruptcy, lose credit rating and reputation. I don't think anyone want to be like that.
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dothebeats
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Cashback 15%
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November 10, 2014, 12:40:04 PM |
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If there are lots of fees that a credit card may give if you used them to buy bitcoins, then you should consider buying directly to a personal seller. In this case, you can safely say that the seller is legit and there are no extra fees or whatsoever if you buy them bitcoins. And, also, invest on what you can afford to lose. After all, bitcoin isn't sure money at all.
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WestHarrison
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November 10, 2014, 03:26:20 PM |
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I think the banks just see it as another opportunity to make money via credit card interests and they really don't see Bitcoin as a threat.
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xmasdobo
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November 10, 2014, 05:22:01 PM |
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I think the banks just see it as another opportunity to make money via credit card interests and they really don't see Bitcoin as a threat.
I think banks will work with apple pay only. |
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Fabrizio89
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November 10, 2014, 07:58:46 PM |
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I think the banks just see it as another opportunity to make money via credit card interests and they really don't see Bitcoin as a threat.
Indeed, that's what I always said to whoever thought banks will oppose Bitcoin, at least in its infancy. Banks always look for new ways to make money and they often enter grey areas as a source of liquidity; in the future things may change, but I still think banks will change the way they do business instead of directly attacking Bitcoin. |
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choeymethod
Newbie
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Activity: 42
Merit: 0
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November 10, 2014, 08:04:05 PM |
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I think the banks just see it as another opportunity to make money via credit card interests and they really don't see Bitcoin as a threat.
Indeed, that's what I always said to whoever thought banks will oppose Bitcoin, at least in its infancy. Banks always look for new ways to make money and they often enter grey areas as a source of liquidity; in the future things may change, but I still think banks will change the way they do business instead of directly attacking Bitcoin. My bank already told me to not purchase bitcoin with my account and I live in midddle Europe. |
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BitMos
Full Member
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Activity: 182
Merit: 123
"PLEASE SCULPT YOUR SHIT BEFORE THROWING. Thank U"
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November 10, 2014, 08:32:57 PM |
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short answer: nothing. best solution: buy low, sell high, take the profits and run  |
money is faster...
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Ron~Popeil
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November 10, 2014, 11:56:00 PM |
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Going into debt as an investment is so 1990's tech bubblish. Just buy some bitcoin with some of the money you would otherwise save anyway and hold on to it. If you run 50k in debt to buy bitcoin you kind of deserve whatever happens to you.
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cutesakura
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November 11, 2014, 08:45:46 PM |
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banks currently make use of bitcoin transactions are always rejected, for some reason, but it seems like the banks are not too disadvantaged because of the nature of the free bitcoin transfer facility anywhere and anytime, ownership of the bitcoin anonymity has made more uncomfortable bank account without going to the ownership of identity, as we know that when we create an account in the bank, all the personal data we should be clear and detailed, while the bitcoin all it can be ignored ...  |
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ScreamnShout
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November 12, 2014, 05:21:28 AM |
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Nothing happened, companies just got better at risk management in being able to weed out most people who are trying to use a stolen credit card to buy bitcoin.
The cost of using your credit card at these sites is still much more then it is worth and it makes more sense to use a traditional exchange (even if that means that you need to take a cash advance on your credit card to fund the exhcnage)
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itos
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November 12, 2014, 07:09:24 AM |
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Just hold your bitcoins till they are at least 2x times from now. But for sure it's going to take longer than most people anticipated.
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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November 12, 2014, 12:56:55 PM |
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I notice that there are a lot more exchanges etc that will take a credit card to buy bitcoin now. 1 year ago that was almost impossible. While I think it's great that 1 of the main barriers to investing in bitcoin is going away, I worry about bad publicity. When some of the get rich quick guy's run up 50k in credit card debt and cry to the media about losing everything etc etc...
Anyway, I wil just continue to buy 300$ or so a month worth of bitcoin. And hodl Hodl, HODL!
Don't worry about bad publicity, what could be worse than the MtGox drama? Nothing. Wise decision to hold your coins, just enjoy, and see your coins getting worth more year by year. |
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