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| comment | | "parent_author":"jeftek",<br>"parent_permlink":"re-geonolan-re-jeftek-re-geonolan-201824t05111335z-20180205t030107325z",<br>"author":"geonolan",<br>"permlink":"re-jeftek-re-geonolan-re-jeftek-re-geonolan-201824t05111335z-20180205t221645681z",<br>"title":"",<br>"body":"What is also interesting is that many crypto lovers are currently \" all in\". Even if they normally would think that buying crypto with a credit card was reckless,<br> they might now look at these \"bargain prices\" as worth the risk. \n\nThe problem is that bottom may be a lot lower than most of us think. It actually could create a big problem if folks took their credit cards to the limits at 8K just to watch it fall to 4k. Especially if it does not bounce back for a few months.\n\nI think there is going to be a lot of FUD (some of it real) in the next few months,<br> much of it generate by or for the banks. If you already have the negative news stories on the cutting board and are just waiting to publish them,<br> you would be a fool to lend money to the same people you are trying to break. You either fuel the market by giving it liquidity or you create a large number of customers who at worst will not be able to pay you back and at best will simply stop using the cards cause they can't afford to borrow any more.\n\nWhat a coincidence,<br> they more or less independently decided to do this at the same time. :)",<br>"json_metadata":" \"tags\":[\"cryptocurrency\" ,<br>\"app\":\"steemit\/0.1\" " |
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