5 ms·
"The Visa card, which will be issued by Gibraltar-based pre-paid card provider Wavecrest, will be linked to an app that allows users to buy and hold cryptocurre
by hacker_9 9y ago
"The Visa card, which will be issued by Gibraltar-based pre-paid card provider Wavecrest, will be linked to an app that allows users to buy and hold cryptocurrencies through the LBX exchange. Customers will also be able to withdraw money using the card. Cryptocurrencies will be converted to sterling at the time of withdrawal."
Great, so I can put in £200 at the start of the day before work, then when it gets to lunch and the bitcoin market is currently crashing, I can withdraw my full savings now valued at £2 and buy half a sandwich, bargain!
- miohtama 9y agoWavecrest is the issuer for 90% of crypto debit cards. So there is nothing new here and these cards have existed since 2014.
- mpeg 9y agoBitcoin has never, even in the biggest crashes, gone down 100x in value. It has gone up 100x in a few years, though.
- buchanaf 9y agoHeck, I would simply be worried about a 1x drop.
- colecut 9y agoOnly until you have 5x or so gains
- hndamien 9y ago1x is 100%, I believe they were telling a very witty joke.
- colecut 9y agoI get it, and it's a good one.. But really, if you are at all worried about losing all your money in crypto, then you should only invest a little, and.. sell 50% once you 2x.. or sell 20% once you 5x... depending on how worried/patient you are. or any combination you're comfortable with so that losing "1x" will not put you worse than you started. Can't afford a whole bitcoin? Buy a half, or a quarter, or an eigth and apply the same strategy.. Yeah, of course it could go to zero before you gain, but really, it's not looking like it. There has not been a better investment opportunity in our lifetime as what we're seeing now. I think it's crazy that so many people who know about it are still hesitant to put even a modest amount in for fun.
- asdfasdfas112 9y agomissed out on the bitcoin boom, eh?