Companies and Cryptocurrencies

[bmneveu]

Another big down day. Easy decision. DCAing in some more.


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[dhstdog]

I agree, bought my last batch at a bargain basement price of 9800.00. (I thought) so I will be doubling down soon. I do like AMD and hold it in my long account with AMZN and SHOP. SHOP is a beast!

 

[userque]

Banks ban credit purchase of cryptocurrency due to risks
https://www.engadget.com/2018/02/03/banks-ban-credit-crypto-purchases/

"If you use your Bank of America-, JP Morgan Chase- or Citigroup-issued credit card to buy cryptocurrency, then you'll have to find an alternative ASAP. According to Bloomberg, the banks have banned crypto purchase using their cards due to the virtual coins' volatile nature. BofA has already started declining credit transactions with known exchanges, though its debit cards aren't be affected by the ban. Citigroup also announced on Friday that it'll no longer process crypto purchases, while JP Morgan Chase's new rule will take effect today.

..."

 

[bmneveu]

According to Bloomberg, the banks have banned crypto purchase using their cards due to the virtual coins' volatile nature.

But they don't mind if we use their cards to buy triple leveraged ETFs and penny stocks. Those aren't volatile at all!

 

[userque]

But they don't mind if we use their cards to buy triple leveraged ETFs and penny stocks. Those aren't volatile at all!

Are you sure you can fund a US brokerage account via [any of those] credit cards?

 

[dhstdog]

Buying LSK this morning.