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RE: NEWS - Bank America Bans Bitcoin
Who cares if they stop credit card use, debit cards work just fine. If you use a credit card on crypto currency then you deserve to lose money when you can't pay credit card back. Borrowing money to buy coins = bad idea
thanks for the comments @trinityandgrow. for those who are buying bitcoin to use as a currency then this is only an inconvenience, because yes, they can still use debit cards. and yes, borrowing to buy bitcoin or tulip bulbs is speculating and is a bad idea.
a question for you though, if you are a cryptocurrency investor and the supply of new purchases is restricted, will it slow the rebound of cyrpto-coin prices? and will more bad news like this push prices down further and push some investors to cash in and cash out?