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Just had this happen with Chase.
The deutsche Bank is doing the same since November. A friend of mine from the UK also got the same issue.
Well… you should be able to buy whatever you want with your own money. But the credit card company sees it as you are using their money On credit they have allowed you.
I don’t agree with it and I think they are wrong but I do see the argument they are pushing. Honestly if anybody has a $5000 credit limit in their pocket they should be able to triple that money this next year by investing into cryptocurrency. Then cancel the damn card and continue investing
When you use a credit card, it’s not YOUR money, it’s THEIR money.
They can still buy with debit cards….
Nope, all traffic is halted in regards to crypto!
crisisofconsciousness + Whadaya French? 🙂 Just kidding..GTFO off the pot. 🙂
Jason Smith Up your mothers pipe
crisisofconsciousness + Awww No sense of humor? Thats ok…Go work on it- Ill be around.
Jason Smith not in a good mood bro
ATM’s are everywhere in Casino’s SMH
Let’s get this straight…this is a war. A free and decentralized society versus the centralized banking new world order establishment.
Judge David Wynn Miller look him up, maybe he can help do something…
Yes this is true…maybe now more of u will realize it.
Yes you’re right and personally, I have already chosen my side.
What going to difficult for others to come to terms with…is this statement…
“There are no governments…only banks posing as governments.”
But I can still use my cards down at the casino right!
I can still use the online gambling sites right!
I can still bet on horses right!
…but the banks pat us on our heads and tell us we are not allowed to spend our own money on cryptos. This alone proves that we need cryptos now more than ever.
WELL SAID!! SO CORRUPT..
I am working for a bank & I am in #teamCrypto trying to push for adoption of cryptocurrencies.
Mike Dennis , you can not smuggle cards onto a casino table. Security guards will beat the cheating out of you.
Well you see when you use your credit card, you are not useing your own money. No matter what you buy with it. Maybe they had alot of people who bought crypto with money they didn’t have just because they thought it would increase in price anyway, but in the end it didnt. I think for the market it would be better anyway if existing money would go into it instead of money that was just created by that very loan someone too to buy the crypto with a credit card.
Exactly! What a bunch of idiots!!! talking about showing their hand….geez!
It said Credit not Debit
It said Credit not Debit
ye exactly that guy keplin guy is an idiot you arent buying crypto with your own money you are buying crypto with borrowed money
They banned credit card use to by crypto. You should not be doing this anyway. More huge risk and higher transactions fees
bparkinson1234 Especially for speculation… Slippery slope though…. And what about buying crypto on the card to buy something I’d buy on the card anyways… I do this often to get a discount… Or buying a hard physical cash flowing asset with crypto … I’d say that’s good debt… Speculation on the other hand yeah…. Too risky…. Another thought is if someone is earning more in another liquid asset even with the higher cost of buying crypto on credit
This is only for CREDIT CARDS… They are not banning WIRE TRANSFERS… This makes no difference at all.
tell that to the markets LOL
wire transfer = more inconvience to the average joe + delay in time of actually being able to trade the funds.
It does make a difference. The point is who are they to tell you what you can spend money on. You agree to pay it back when you sign for it. They will let you get a cash advance at a casino but not buy some bitcoin? What’s the difference?
Can’t wait to see these ponzi electricity bills paid by greater fool to go down to zero
PETER SCHIFF IS RIGHT
GO TO SILVER SHIELD
NOW
On getting into crypto about 5 months back, I had to jump hoops because BOTH of my (UK) DEBIT card payments weren’t going through. One VISA and one Mastercard. No indication of failure or anything. I guess the banks are hoping buyers will just give up trying… generally just making things a little more difficult. It’s pretty blatant.
Sir Nowt which hoops?
buying with a creditcard is buying with money that is not yours in the first place so yes they can decide what you are allowed to buy with that money… it would be a different story if they banned buying with wire transfer
That’s ridiculous. Anything you buy is a risk to the credit card companies. They’re trying to control all money. Wake up.
Well spoken!
BUT IT’S NOT YOUR MONEY.
Why? Someone else creates dollars for free and then rents the usage, and the amount to us at interest? How rude!
Credit card available funds isn’t ” your money”. They are a line of credit to let you borrow from the bank.
jettamind and if they don’t trust you to pay it back they shouldn’t have approved you for a credit card
emko7 they approve you to purchase goods and services not to speculate in the market. The mentality of a speculator using credit card debt is that they are going make money and use that to pay the debt. Where as a purchaser of goods should know they have to pay for it later. So if they lose all that money they are much less likely to be able to repay the credit card company. Just saying I don’t blame the banks for not allowing borrowers to speculate in cryptos. And it doesn’t have to mean they are anti crypto.
Credit cards is not your own money☺️
yep, that keplin guy is an idiot, how many noobs do you think bought ripple at the top with a credit card, i bet its a lot
I think this is great. It’ll keep stupid money out of the market. This is money people CANNOT afford to lose. we all know money invested needs to be what you CAN afford to lose. Takes out a lot of the fud.
If that isn’t clear sign to buy the dip am not sure what is…
Take a cash draw then get a cashiers check.
A civil war is about to begin. Everyone get ready because on March 19th of 2018, everyone in America participating in the fight for a decentralized community will stand outside the central banks and together will tear them down. Copy and paste this message upon every crypto- related video.