I used to be able to make instant crypto purchases with my Citibank Double Cash card on Coinbase, but not anymore. Transaction won’t even go through. I can use another card, but they are charging a “cash advance” fee of 3% on top of Coinbase’s fee. The fight is on and it’s real baby. HODL until we crush the Federal Reserve and the banking system...
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doc. I don't think "HODL" is going to cut it. Somehow, there has to have an economy developed where crypto can be borrowed to purchase real estate, a vehicle and perhaps capitalize an enterprise. Otherwise, it will be colored as another "beanie baby" or "baseball card collection"... NOT CURRENCY. And obviously, as you point out: "Banks" connected to the Fed are NOT going to make this transition easy.
I use “hodl” as a kind of blanket term of support for cryptocurrencies. More than just buying some bitcoin and using it as a store of value, but using it to transact for everything in our daily lives without some financial institution playing the middleman and reporting back to the government. I completely understand what you are saying and totally agree, except that we are waaaaay beyond the point of some “beanie baby” or “baseball card” fad. Cryptos are here to stay, they will not go away, the banks know it and they are reaching full blown panic mode...
I am on in on the HODL no freaking out! The banking systems and the entire government is one BIG theft