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>373$ and 479$, which might seems a lot but if you move your BTC at the right time you’re not going to lose anything, on the contrary, compared to the fees you
by hueving 11y ago
>373$ and 479$, which might seems a lot but if you move your BTC at the right time you’re not going to lose anything, on the contrary, compared to the fees you would normally pay for Bank transactions, chances are you’re going to spend way much less anyway.
This is INSANE. Justifying monthly 30% swings in the value of your currency with "bank fees suck" is complete nonsense. Currency instability like that destroys economies because people lose the ability to budget and they become fearful.
In the worst periods of inflation in the US, the currency never devalued by 30% in a month. That's Zimbabwe level crazy.
Also, I pay precisely $0 a month in bank fees, as do many other Americans, so that argument would fall flat even if the swings were much smaller.
- cesarb 11y agoNo, Zimbabwe was way crazier than that, approaching 100% per day (see the table at https://en.wikipedia.org/wiki/Hyperinflation#Most_severe_hyperinflations_in_world_history https://en.wikipedia.org/wiki/Hyperinflation#Most_severe_hyp...). I've lived through 30% a month inflation. See the table at http://hcinvestimentos.com/wp-content/uploads/2011/02/IPCA-Inflacao-Historica-Tabela.png http://hcinvestimentos.com/wp-content/uploads/2011/02/IPCA-I... (source: http://hcinvestimentos.com/2011/02/21/ipca-igpm-inflacao-historica/?hvid=NcSFP http://hcinvestimentos.com/2011/02/21/ipca-igpm-inflacao-his...). At this level, people can still cope, but it does generate some distortions. For instance, as soon as you received your monthly salary, you bought all the food you'd need for the whole month. If you can read Portuguese, I found an interesting article about it at http://www.bbc.com/portuguese/noticias/2014/06/140619_plano_real_vida_ru http://www.bbc.com/portuguese/noticias/2014/06/140619_plano_... .