Lloyds Banking Group Ban Bitcoin Purchases

[tb303]

One thing that strikes me about the credit card ban. If its purely about reducing banks exposure to risk then will the ban also be extended to gambling and binary options sites?

Maybe it has already? I dont know Im not a gambler (honest guv!)...

...in the name of science I just checked. Barclaycard still working on coinbase.

 

[ttmschine]

One thing that strikes me about the credit card ban. If its purely about reducing banks exposure to risk then will the ban also be extended to gambling and binary options sites?

Maybe it has already? I dont know Im not a gambler (honest guv!)...

...in the name of science I just checked. Barclaycard still working on coinbase.

I think it's probably down to the sheer volume of money people have been funneling into cryptos through their CCs that's set off the alarm bells.

Which should set of your alarm bells about where the prices are going.

 

[blogzandstuff]

One thing that strikes me about the credit card ban. If its purely about reducing banks exposure to risk then will the ban also be extended to gambling and binary options sites?

Maybe it has already? I dont know Im not a gambler (honest guv!)...

...in the name of science I just checked. Barclaycard still working on coinbase.

It is Lloyd's banking group, which is part owned by the UK government, not Barclaycard that's why. As the thread title suggests

 

[tb303]

It is Lloyd's banking group, which is part owned by the UK government, not Barclaycard that's why. As the thread title suggests

Well obviously.

 

[blogzandstuff]

Well obviously.

Now you know, not all yet, just lloyds

 

[ttmschine]

If you look at the charts for bitcoin now the drop looks like it's accelerating compared to the average decline

 

[Robm]

Well it's getting towards the price it costs to mine 1 btc in the US. That is why more than 50% is mined in china but it looks like they are going to put a blanket ban on it in the next few days. Can't see it coming back from this.

 

[Savvy Rose]

RN It's 6,495 USD ?
A right time to buy ????

 

[Robm]

I'm sure the crypto supporters will tell you yes. Mind you they said that 2 weeks ago, 1 week ago, etc. Nobody can tell you as nobody actually knows. Maybe yes. Maybe no. But if you have to ask I would seriously be careful with any savings.

 

[redjebo]

RN It's 6,495 USD ?
A right time to buy ????

If you think cryptocurrencies really deserve a market cap of $800 bn, which was the case from just couple of weeks ago, then the answer is obviously yes, yes, buy the dip, buy all the dips, never sell and hodl to the moon.

But if you think such price for a bunch of digital code, which does nothing, but sitting on your comp might be a lil bit inflated, then you might ask yourself - what is it actually good for?