CC companies can't really stop you from using credit to buy crypto - Cryptocurrency Reporters - A Light To Cryptocurrency World

Saturday, 14 April 2018

CC companies can't really stop you from using credit to buy crypto


Think about it. If someone with $10k in credit really wanted to buy crypto, and avoid cash advance interest, all they would have to do is buy say 10 items for $1000 each, sell them off , and buy Crypto with that money. Sure its a bit more work but its really not too hard. Amazon makes its easy.Its like trying to tell someone its illegal to buy drugs and the state doesn't allow it. It didn't stop druggies from getting it. Lol.People are gonna do what they want to do, so all the FUD in the past over banning CCs is really pointless. The only thing that made credit bans effect the market were people who panic sold over FUD. What a joke. Lol via /r/CryptoCurrency https://ift.tt/2EKqlu8 Think about it. If someone with $10k in credit really wanted to buy crypto, and avoid cash advance interest, all they would have to do is buy say 10 items for $1000 each, sell them off , and buy Crypto with that money. Sure its a bit more work but its really not too hard. Amazon makes its easy.Its like trying to tell someone its illegal to buy drugs and the state doesn't allow it. It didn't stop druggies from getting it. Lol.People are gonna do what they want to do, so all the FUD in the past over banning CCs is really pointless. The only thing that made credit bans effect the market were people who panic sold over FUD. What a joke. Lol

Think about it. If someone with $10k in credit really wanted to buy crypto, and avoid cash advance interest, all they would have to do is buy say 10 items for $1000 each, sell them off , and buy Crypto with that money. Sure its a bit more work but its really not too hard. Amazon makes its easy.

Its like trying to tell someone its illegal to buy drugs and the state doesn't allow it. It didn't stop druggies from getting it. Lol.

People are gonna do what they want to do, so all the FUD in the past over banning CCs is really pointless. The only thing that made credit bans effect the market were people who panic sold over FUD. What a joke. Lol

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