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by patryn20 3189 days ago
If you had traded BTC cross border at the wrong time last week, you could have lost 5-15% in value based on the prevailing market price during the time it took the transfer to settle and the coins to move onto an exchange and sell.

BTC is in practice a speculative security. Not a currency.

1 comments

Now if your goal was simply to circumvent overseas capital transfer limits and legal limitations, that fee might be "worth it."