Bitcoin : Price Analysis, Feb 05

[SamNews]

The exponential rise in Bitcoin and other cryptocurrencies attracted a number of new traders who embarked on a buying spree – mainly purchasing cryptocurrencies using credit cards.

Following the huge decline in 2018, the top 5 credit card companies have either banned or have announced a ban on cryptocurrency purchases using credit cards.

As a result, late entrants to the rally, who had purchased cryptocurrency using borrowed money and are nursing losses of more than 50 percent will now be forced to square up their positions.

READ MORE : https://coinnews.zd.fr/bitcoin-price-analysis-feb-05/

[jmolinass839]

some banks begin to prohibit the use of credit cards to buy cryptocurrencies A new front for virtual currencies. Banks have begun to take action in the face of growing regulatory pressure surrounding bitcoin and other cryptocurrencies. Some large financial institutions have banned the use of credit cards to buy digital currencies.
That is the case of Bank of America, which applied this measure last Friday, followed by JP Morgan. For its part, Citigroup, Discover and Capital One finalize the preparations to activate this same protocol, according to Fortune. The British bank Lloyds has also adopted this measure. This is a shield that financial institutions have believed necessary before the plummeting price of cryptocurrency just in the context in which they had achieved their greatest popularity. Bitcoin, for example, is currently worth $ 8,000, a price that is far from the $ 20,000 peak it reached last December. The change of trend in the value of virtual currencies presupposes a huge debt risk on the part of bank customers, who expected revaluations in order to multiply their investment.

[kritikasingh]

100% Bonus till 24th Feb 2018!!!! Crypto enthusiast!! Just swap your Ether with Bingo Token. Buy now http://www.bingotoken.io #BingoMoney #Tourism #Travel #Fun #Hodllife #Monero

[Tim12]

Surely, banks are trying to defense their current stable positon on the market, but are you sure that all countries understand this and going to implement it? For example, there are several countries where cryptocurrencies are legal and regulations are issued by the Government – Japan, South Korea, etc. (source: https://news.bitcoin.com/worlds-top-10- ... countries/). Market is still at its infancy and there are many fraudlent and scam projects but it’s not too hard to detect them, actually. But because of these facts, there is a question appears – does the industry as a whole has future? I think – yes. According to different predictions, in 2-3 years all countries will issue their own regulations and cryptoindustry will evolve to the huge regulated market.
Cryptocurrencies and ICO are the future of investments, currently looks like wide jungles, but after issuing regulations, we’ll see the increase in demand for such investments. For now to stay safe I purpose to use different ICO listings and aggregators where you’ll find all necessary information about the market.

[Dynamix]

Seems like a lot of stuff has been going on this past month, we can see the price moving towards 14k by the end of the month but who knows.

[eliiosrichmond]

i hope that thi is just a litle slump