The exponential rise in Bitcoin and other cryptocurrencies attracted a number of new traders who embarked on a buying spree - mainly purchasing cryptocurrencies using credit cards.
Following the huge decline in 2018, the top 5 credit card companies have either banned or have announced a ban on cryptocurrency purchases using credit cards.
As a result, late entrants to the rally, who had purchased cryptocurrency using borrowed money and are nursing losses of more than 50 percent will now be forced to square up their positions.
Full article: https://cointelegraph.com/news/bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-nem-neo-eos-price-analysis-feb-05
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I understand the argument... However, my rant is people are going to buy items, or services wtith their cards anyway... People have to take responsibility for the choices they make.. These Big Credit Card companies think they are protecting people... So where was the protection when most Americans have maxed out cards and can't afford to make the payment? Excuses are like butt holes... Everybody has one...
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