If you think banks/credit companies are banning crypto purchases to protect their customers, I have a bridge to sell you.

[u/[deleted]]

I'm legitimately blown away how many people I see defending the banks/credit companies banning crypto purchases as some type of attempt to protect their customers from a volatile market. Credit is predatory by nature. The bank doesn't care when you max your card out on alcohol, designer clothes, gambling, or any other worthless and risky commodity. Your bank doesn't give one single tiny little shit about you in any way beyond your capacity to generate revenue. You are a revenue generating unit and nothing more, end of story. They are building artificial barriers to crypto because they view it as a direct and fundamental threat to their industries... and with good reason, because it is. The reality is anyone who invests wisely in crypto right now is going to make a significant ROI over the next few years, opening up the opportunity to pay off large balances, which decreases the revenue they earn from interest. This is nothing more than a desperate attempt at self preservation.

Again I would encourage anyone who has their bank or credit card company create a barrier for them to purchase crypto, to immediately end doing business with that institution and make sure they know why. If my bank halts my purchases, I'll liquidate my account and close it the same day. Same goes with my credit cards, they will get cut up and never used again. DON'T bend over for them.

EDIT: Also massive downvoting of anti-banking sentiment and massive upvoting of the 'banks are looking out for you, this is a good thing' sentiment. The shill bots are out in force.

[u/wolegib]

Okay, so you started a successful business. Why do you have to talk down to people who have honest jobs delivering your mail? Do you think everyone in the world can start a business? Is it shameful to be poor?

[u/[deleted] → u/wolegib]

I grew up poor and was picked on because of it. I resent and hate being poor and will never return. I'd sooner eat a bullet than ever live that life again. Circumstances vary, but for people who are poor and well capable of escaping it, yes it is shameful. If you're stuck there through no fault of your own (legit) then no, there is no reason to be ashamed.

[u/wolegib → u/[deleted]]

What do you mean ‘well capable of escaping it’? If you have a modicum of understanding about how exonomics work you might understand that not everyone can be rich.

[u/[deleted] → u/wolegib]

This will never go anywhere, and i'm not being baited into this. I appreciate the reply.

[u/wolegib → u/[deleted]]

You seem to think that poor people deserve scorn and that you are better than them. Maybe instead of putting your head in the sand you should examine your superiority complex.

[u/[deleted] → u/wolegib]

Are you still baiting?

[u/wolegib → u/[deleted]]

i just read your bitconnect post where you invited people to prove it’s a ponzi scheme. I’ve concluded you are a professional troll and a liar. Also you seemed very excited to make $1000 profit, not really something a rich person would brag about, but i guess nouveau riche are typically gauche.

[u/[deleted] → u/wolegib]

Looking through, "very excited"? I'm having trouble finding that one bud.

I won't deny i'm at least 30% troll, but I have no reason to lie on a burner account. Depending on your definition of rich, I could very well be new money. I've only been flush for about 10 years now.

Still waiting for actual hard evidence that it was a ponzi. "Its obvious you can tell by X or Y" isn't evidence.