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RE: Bitcoin Bounces Back Again - Beginning Of The End... Or Bump In The Road?
The part with the transaction fee is actually hilarious ! I think that the majority of people, who want bitcoin at 4-5000 $, want it there so they can buy. No one wants to be the loser, who missed an unicorn investment.
The current transaction fee's make the 'classic' Bitcoin basically unusable for the normal consumer.
A few months ago I could buy $80 worth of BTC to buy some extra Steem. Today the transaction from fiat-to-BTC service to the exchange would take up most of the funds by the transaction cost alone.
It's not worth it anymore, unless you are moving thousands of dollars. Which is a very risky venture for the average household.
Totally agree. There a lot better alternatives to move money around - STEEM for example is great for such purposes (and not only).