So what changed? | Bitcointalksearch.org

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legendary

Activity: 2170

Merit: 1427

Quote from: Pathi on November 07, 2014, 03:19:02 PM

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.

itos

full member

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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.

ScreamnShout

full member

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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)

cutesakura

full member

Activity: 158

Merit: 100

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 ... Grin

Ron~Popeil

sr. member

Activity: 406

Merit: 250

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.

BitMos

full member

Activity: 182

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"PLEASE SCULPT YOUR SHIT BEFORE THROWING. Thank U"

short answer: nothing.
best solution: buy low, sell high, take the profits and run Roll Eyes

choeymethod

newbie

Activity: 42

Merit: 0

Quote from: Fabrizio89 on November 10, 2014, 02:58:46 PM

Quote from: WestHarrison on November 10, 2014, 10:26:20 AM

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.

Fabrizio89

hero member

Activity: 924

Merit: 1000

Quote from: WestHarrison on November 10, 2014, 10:26:20 AM

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.

xmasdobo

full member

Activity: 168

Merit: 100

Quote from: WestHarrison on November 10, 2014, 10:26:20 AM

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.

WestHarrison

full member

Activity: 187

Merit: 100

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.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

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.

Undermood

legendary

Activity: 950

Merit: 1000

The guy mentioned by OP will have personal bankruptcy, lose credit rating and reputation. I don't think anyone want to be like that.

pattu1

hero member

Activity: 675

Merit: 500

Quote from: Pathi on November 07, 2014, 03:19:02 PM

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.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

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.

BennG

newbie

Activity: 7

Merit: 0

but with more users, the volatility will decrease, so there will be less crying, but i got your point.

Pathi

sr. member

Activity: 244

Merit: 250

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!

Topic: So what changed? (Read 1792 times)