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RE: New Survey Reveals Staggering Number Of People Are Buying BitCoin On Their Credit Cards

in #bitcoin7 years ago

You know that the burst is coming soon if people are using their credit cards to "invest", when the average joe who is stupid starts putting all their money in something it won't be long until that speculative bubble bursts, like the stock market in 1929. I knew the real estate market would implode in 2002 because people were buying multi family properties for prices so high they rent did not actually pay the mortgage, that is not sustainable.

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I doubt the burst is anywhere close....Wall Street is still pumping a ton of money into BTC (and other currencies). We will see it go higher before the potential pop.

When people are buying any crypto on credit cards, then you know the end is near.

"When people are buying any crypto on credit cards, then you know the end is near."

Wasn't this article suggesting that people are buying crypto on credit cards?

"Now it seems that the speculation by Borg has been confirmed by a new survey conducted by LendEDU which found that, among other things, nearly 20% of people who have purchased BitCoin have done so using their credit cards."