If they cease to believe in u, do u even exist?
- Sep 15, 2014
You also can't buy Stocks, Mutual Bonds, a lot of other investments, or lap dances with credit cards either - that news is simply fear-mongering. (Sauce: 10 things you can't (easily) buy with credit cards)Citigroup, Bank Of America and JPMorgan have all banned cryptocurrency purchases with creditcards now.
The good news of the Bitcoin is it's transaction verification has finally dropped down to under 10 minutes:
Older 7 day average was nearly 2 days. 2 Days to complete a transaction (or not cause it could fail in that time period), was a bit ridiculous. The Bitcoin's price swings along would make purchase prices un-realistic for the masses (again something no one seems to want to address).
With the drop in transaction times it also drops the Bitcoin miners' revenue, the old average was $55 and now the current average of a transaction is $5. But paying $5 for a transaction is still ridiculously high when compared to credit card transactions fees, or cash with zero transaction fees - again something people seem to be putting their heads in the sand over.
Steam also dropped the Bitcoin from it's accepted payments cause of volatility in December citing high fees and price volatility. (sauce: and Steam Drops Bitcoin Payments Citing High Fees and Price Volatility)Steam lets you buy games using LTC
When people report news, they should report ALL of it.
P.S. I was never actually hodling cause I don't believe in the technology since no one seems to be able to address in laymen terms how the masses will adopt it.