Thanks Michael, for your post. While crypto traders & investors may be disappointed by this ban, perhaps it may be for a short time until the market stabilizes. People shouldn’t be putting money into Bitcoin or ALT coins if they cannot afford it. They could damage their credit rating when they cannot afford to pay off their credit card debts.

Debts are bad. Very bad. To be avoided or handled very carefully.

Using your credit card(s) to purchase Bitcoin is highly risky and speculative.

I don’t blame the banks for banning the use of credit cards. Using debit cards or funds in your bank account to purchase cryptocurrency is still available.

So people, please relax! The sky is not falling. HODL is still the best strategy when the market has RED Days like today.