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Banks aren’t giving loans to buy bitcoin.
by etr-strike 9y ago
Banks aren’t giving loans to buy bitcoin.
- netsharc 9y agoI get offers for cash loans, no questions asked all the time. Or on Coinbase I can buy Bitcoin using my credit card, which has a 4-digit Euro limit. What's stopping the neighbor who has the same card to think "Oh I'll just max out my card to buy Bitcoin, it will double (or whatever) its price by the end of the month, I can withdraw my principal to pay off that credit card.".
- etr-strike 9y agoMuch smaller amounts compared to the fraud taking place during 2008.