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March 28, 2021, 07:24:21 PM |
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It feels like a bit of a Catch-22 situation - people love buying Bitcoin but with the price going up and big funds hoarding large amounts, it will eventually reach a point where it loses practical everyday transaction value. At present due to a bunch of innovations the transaction fees that were previously an obstacle have been brought down to a more reasonable rate again, but that always seems to be a large limiting factor and a reoccurring issue. Another point to consider - many people are using Bitcoins (now on a much larger scale) in order to easily transport large amounts undetected over borders, as the amount of owners and active users consolidate into smaller numbers it will increasingly lose its power of anonymity. I hope it continues to rise in value, it's just there are a lot of risks and to any serious Bitcoiner the longer it stays low so we can buy more - the better!
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