If this Bitcoin slide continues I may need to change my steemit username from coininstant to cinderella because my Bitcoin carriage looks like it is about to turn into a pumpkin, LOL! I thought I was smart investing in Bitcoin, but apparently the world thinks otherwise. I however am very worried, but still cling to some hope of Bitcoin going back up in the future. One thing I am looking forward to is the Bitcoin Private fork coming out in about a month, hopefully these new “free coins” will bring some enthusiasm back into the Bitcoin Markets.
Top 5 Banks Ban using credit cards to Buy Bitcoin - Tell me something I didn’t already know.
So for those of us in the know, we know this is no real news at all. It has been six months since Amazon Chase blocked me from buying bitcoin with my rewards card. It was so sick, I would rack ups all these points for buying bitcoin, and then I would go buy free stuff all day on Amazon! Those were the days! Basically Bitstamp was working for credit cards, and then they were gone. It was no big deal because I adapted to wire transfers, and skirting the hawaii coinbase ban with a california bank account! LOL
So I am glad the Big 5 banks blocked buying Bitcoin by credit card because, who needs them?? Not Bitcoin. The last thing we need is more weak hands borrowing money with their credit cards blowing up accounts against the stock market. In reality this ban effectively makes Bitcoin harder to get and more scares which will increase the price one day.
OMG Why is Steemit Down!
For the past two days steemit.com has gone down right after I post. Luckily we are decentralized so I am most likely posting this from ESTEEM APP! This is really getting under my nerves because with Bitcoin not well at least we have steemit, but all these 504 Gateway timeouts are definitely not good for the new adopters!