Well

They don't want the public hoarding all the BTC

Credit cards only faggot

Capital One did the same thing as well as a few others. I realized when I tried to buy $2500 worth of LTC for dat instant on CB just to pay it off immediately

oyyy veyy, these internet money are very dangerous for you goys, we will look after you, we will keep you safe

Learn to read, faggots

"The ban, starting on Monday, applies to Lloyds Bank, Bank of Scotland, Halifax and MBNA customers."

I don't fucking blame them, the crypto market is so unpredictable it's not worth the risk for them.

Remember, it's their money you're playing with. Not yours.

soooo... this should affect the market within the next few hours?

>i'm loading up no eth/btc
retarded faggot

What part about credit cards do you not understand user?

>people complain about bubbles like student loans and morgatges being propped up because people don’t pay back
>people mad banks aren’t going to overinflate crypto the same way

>thinking a bank legitimately gives a flying fuck what you buy with a credit card

>not spotting that traditional banks might find cryptocurrency a worry for their business model

>Learn to read, faggots
How stupid can you be?

>banks are worried about crypto
This is just the most fucking retarded thing people parrot about crypto. If they saw it as a threat they would just reach into their bottomless pockets and buy it all up. Then they would switch over to crypto while everyone else is stuck holding useless currency.

I don't see how this qualifies as FUD. As far as I'm concerned, the harder it is to acquire Bitcoin the more valuable my stash is. The normies have had a taste. This slump won't last forever and we'll be riding the green spikes again. At that point, this can only enhance the pumps.

fucking retarded..

>This is fine since so many fucking morons max out their credit cards on this shit.
Haha I maxed out multiple credit cards on this shit and cashed out five figures of profit and payed them off, and that's with failing to time the top well. It's a fucking credit card, man. It's not like the bank has any more protection if the customer maxes it out the old fashined way on plane tickets and bar tabs. This is bad customer service.

C R E D I T

C A R D S

HOW MANY TIMES, YOU DENSE CUNTS. Every bank in existence has banned gambling on credit cards, you think this is a bad thing? This just shows the market is adapting to crypto, it's finally acknowledging it's existence. This is honestly positive news.

cant buy stocks on credit either

kill yourself op, you're going to be poor forever.

This

..so you can't buy crypto on credit? Who gives a fuck debit works, bank transfer works..

But if you want to buy box seats at a Manchester game go ahead

Anything that makes it harder for late adopters to buy in is not positive news.

the problem with your argument beyond sounding like it was written by an angsty teen is that if the banks put a huge sum into crypto at an attempt to crash it the price would sky rocket, the banks will have lost more than just the sum used to bring down the market, there would be multi millionaires made over night. they wouldnt allow that to happen

...

Imagine if you could just buy money with credit cards and promise to pay them back later. Those are called cash advances.

Lloyds is by far the worst bank there is. It's always been absolutely shit. Serves anyone stupid enough to be using it right.

You should never, EVER buy crypto on credit. There is a reason banks don't allow gambling on credit, if they can't guarantee returns they aren't going to give you their money.

Imagine if a person you barely knew came up to you in the street and asked if he could borrow $1000 dollars so he could go place a bet, I get that you're not an actual bank but you can see why they'd be hesitant to borrow people money for this shit.

It's also really only bad right now if you want to cash out asap, this is good for the long term, just wait, the more understood and integrated crypto becomes the more your bags'll be worth in the coming years.

>2018
>Still using credit card

yeah that makes sense but since when have credit card companies actually cared about that type of thing?

are you implying plebs dont buy tons of things that they cant afford and then go into debt?

the credit card companies thrive off of this shit, you dumb faggot. they are clearly intimidated by crypto. as they should be. we're going to eradicate these kike dinosaurs in gas chambers.

The thing is that people usually buy things they want and adjust their expectation around the fact that they are buying this and that they will never get their money back for it, but rather will enjoy the use of it. It dictates their spending habits. Very few people are so irresponsible that they just buy and buy and buy with no plans to pay it back and very few of them have the credit to do it.

If, instead, you told them that what they're buying is going to make them money and you expose the masses to unchecked leverage power then, Black Tuesday and all that.

It's essentially purchasing on margin without all the RegT requirements and other regulations that go into that.

>NEET
>has no credit

>It will not apply to debit cards

>paid off maxed out multiple credit cards

no you didn't

>banks ban competition.

How is this news? You know it's a good idea when jews want to ban it.

So glad I got at least a couple grand into the market this way before the banks closed the loophole here in the US. Would have put more in, but people had to come on this board and talk about it and let the cat out of the bag! At least I can finally feel like I got one over on the banks, while I pay my laughable $25 monthly minimum payment, interest free for the next 14 months...

/thread
People like OP are the ones selling first because they only read the headline.

Every credit card in the UK can be used to gamble with. Even my local shit pit casino takes my card with open arms.

This is a game changer. Effectively the UK banks are saying that Crypto is a scam.

On Sky News it just said Lloyd’s, RBS and Halifax won’t allow bitcoin purchases with credit cards.

It's almost as if they're not all part of the same banking group

I actually support the idea of banning crypto purchase on credit
It's too volatile. People are too retarded.

>banks calling crypto a scam
how new r u?

Baka

anytime credit is used, debt money is issued into the system, causing inflation.

so btc on credit, makes btc go up in value &
fiat to go down in value

That's exactly what the bankers are doing you dumb faggot. Why do you think the price is so fucking low, because they have crashed the market to buy it up cheaply. I'm talking about bankers btw, not banks. Get it, sheep?

to buy btc with credit. why do you faggots cant even read news

I mean as in banks don’t even see it as gambling which they allow.

>if they can't guarantee returns they aren't going to give you their money.
For real tho you're a fucking idiot, when you use a credit card, it's your fucking money, not the banks. You're borrowing money from the fucking bank. There are credit limits to what you can borrow. You have to pay them back. Is it dumb to borrow more than you can afford? Of course it is. But it's not a bad idea for people who can afford but lack liquidity at the moment. The only reason why banks are banning it is because they want to make it so that only highly liquid people can buy crypto because they see it as a threat.

The banks don't give a single fucking fuck about you. Never have and never will. They make money from people, that's their business. You'd do best to remember that.

The fuck do they care if it loses value? Fucking cunt jews, you should only be able to keep money with them because hurr fucking durr reasons

german banks next

No, they simply do not want to take on your retarded levels of risk, how can they expect to recoup this debt from a person who literally has no money?

Credit cards have credit limits, dumbfuck.

And people constantly fuck it up, the faggots who would buy bit coins on credit are exactly this kind of retard

This

What do you mean fuck it up? You can't spend over your credit limit. If you're retarded with money you're going to fuck it up with or without crypto. Are you this much of a brainlet?

This is obviously because banks are trying to restrict crypto adoption any way they can.

How is it any of their business?

never have used credit cards ... the entire concept revolves around using/stealing money you don't have or easing its use

wire/SEPA card transactions in europe are still the most common ones and usually cost very little also instant wire for small sums

you faggots better be worried about this outcome > that will affect the market for months to come:

bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

coindesk.com/sec-cftc-chiefs-set-senate-crypto-hearing-next-week/

You're all wrong.

The reason why they are stopping you buying on credit cards is because you could max out CryptoCoins and they wouldn't be able to get them back. Normally if you don't pay they would come after you for the car or whatever you bought, but they couldn't get at your crypto so there is no security for them.

Shitcoins are more valuable than cars.

Nonsense. Who the fuck buys cars with credit cards? CC are usually used for small purchases. It's all about limiting adoption and participation especially right now as the prices are low.

There just isn't anything new happening here until they cuck debit transactions, at which point I will agree with you.
This to some extent but this is more outside credit cards

>credit cards
your reading comprehension is exemplary

Because banks are over leveraged and have no liquidity.

>what is QE?

Ha!

You think banks usually regulate about this sort of thing?

Normally they bitch and lobby if they’re being regulated.

Nah senpai. This is a corroborated effort BY THE BANKS THEMSELVES NOT GOVERNMENT REGULATORS.

They’re shitting their panssss

this is exactly why we need crypto. fuck those faggots who want to tell people what they can and cant do with their own money

they're obviously protecting themselves for incoming bullrun, so people don't max out their credit cards fomo'ing in again.

Good. This means there's gonna be a bull run soon.

Stupid jews

thx btw the fuckin state of Veeky Forums
desu i was just waitnig for one of these fuckin blue pilled normies tell me i am wrong, cause reasons.

>their own money
what part of credit cards don't you understand
CREDIT CARDS ARE THE BANKS MONEY, YOU'RE BORROWING MONEY FROM THEM, IT'S THEIRS
you fucking turbobrainlet

um brainlet, you don't borrow 'money'. you create promissary notes! all 'money' is debt. quit thinkin you know shit, when you start to know shit you realize how little you know!

check out 'the creation of money' by the bank of england. its only 14 pages but i still don't think you will read and understand.

>blue pilled normies
>still don't think you will read and understand.
jeez man sorry morty

Those are all brand names belonging to one bank you idiot.

I know all about fractional reserves and the creation of money, this has nothing to do with letting people buy speculative assets on credit.

& thanks for proving my point
you won't
the confirmation bias is strong in this one

You realize you're allowed to read past the title, right op?
ah wait, even the title says something different from what your dumbass is saying

>BORROWING MONEY FROM THEM
>BORROWING in caps
ok great it was ^ that made me think you didn't

CREDIT CARD PURCHASES!!!
You can't even buy stocks on credit cards. This was to be expecred if crypto is to be legitimite.

holy fuck you're stupid
learn to read before you go posting shit
how'd you even manage to log in?

Youldnt be able to with credit cards anyway desu. Too much of a risk.
credit cards are debt financing retard.

you're stupid and you should know you're stupid

Deutsche Bank has stopped confirming Cc transfers early january. That's zero news. Poorfags living on credit shouldnt be in crypto anyways. Learn to fucking SWIFT.

>there are people actually this retarded

Well, it all depends on the Ts&Cs and the legality of changing the contract subject to no notice.

...

Yet you can use it in the bookies...

Come on man. Unless ur a shill.

why are they doing this? what gives them the right to do it?

>Can buy beer and shoes with cc but not allowed to buy bitcoin
>hurr durr the banks are scared they won't get their money back
You have to pay the money back with your own money you retard.

Wow you're actually retarded.
neck yourself.

You can liquidate legitimate purchases. You won't get all your money back but some.

Hahahha, faggot. You sure got roasted. End it all now.