In light of the news we are seeing where several banks are no longer permitting their credit cards being used for anything crypto related, here is a classic example of why they are doing it:
bitconnected1369redditor for 2 days [score hidden] an hour ago
I bought bitcoin at about 17k on its way up. Am I worried? No. I believe in the technology and I believe believers will be rewarded handsomely. I bought it on my credit card through Coinbase and had planned the repayments would be paid out of bitcoin profits. First payment due in a couple of weeks and I believe we will start to rise up before then. If we don’t, I can always sell a little bit of the crypto to make the minimum payment.
https://www.reddit.com/r/Bitcoin/comments/7v5ydz/daily_discussion_february_04_2018/dtrtlkh/
I hope that guy does not take too much of a hit, but this does remind me of when the SEC started with the PDT rule back in 2001.
Everybody is going to hate it, but its going to save a lot of people from a lot of pain in the long run!
Submitted February 05, 2018 at 11:49AM by StockJock-e http://ift.tt/2nE9iEw
