Credit Card crypto buying, thoughts?

[PaulKim]

One thing I have been reading more and more about is people buying crypto with credit cards.

Debt in this country (US) and the world is rampant. 

Personally I have no credit debt at all, all my cards are paid monthly. But this phenomenon has lead me to some head scratching and questions.

How much do you think of crypto is bought with credit/back by thin air?

How do you think this will affect our (crypto in general) future?

Should credit buying of coins be allowed to continue?

[BroCoin]

I buy cryptos with credit cards sometimes. Usually when there is a big dip, and a good entry point. Of course, I always pay my monthly payment and pay debt off as quickly as possible. I'm sure there are tons of people who don't care about the debt and just want the coin. 

If you could go back to 2010 and put 500$ worth of btc on your credit card, wouldn't you?

[PaulKim]

16 minutes ago, BroCoin said:

I buy cryptos with credit cards sometimes. Usually when there is a big dip, and a good entry point. Of course, I always pay my monthly payment and pay debt off as quickly as possible. I'm sure there are tons of people who don't care about the debt and just want the coin. 

If you could go back to 2010 and put 500$ worth of btc on your credit card, wouldn't you?

True, but that is the question.

I know more people who did essentially the same thing with real estate (variable rate mortgages for overvalued property) 10 years ago and are still paying for it now.

That is why I am asking...