36 ms·
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
by patryn20 9y 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.
- patryn20 9y agoNow if your goal was simply to circumvent overseas capital transfer limits and legal limitations, that fee might be "worth it."