If you had traded BTC cross border at the wrong time last week, you could have l... | Hacker News

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		patryn20 on Sept 23, 2017 \| parent \| context \| favorite \| on: Things cryptocurrency enthusiasts probably won't t... 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 on Sept 23, 2017 [–]

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

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