He later commented that bitcoin does not presently have the means to serve as «effective» cash for all, citing its slow transaction speeds,
costly trading fees and general volatility as the main issues to overcome, though he does believe the public will garner greater access to bitcoin in the future as the technology behind it improves.
This causes people to rack up
costly trading fees that can make their returns even worse.
Not exact matches
Since they are
traded as stocks, ETFs have the same
fee schedules as stocks and that makes dollar - cost - averaging (DCA) ETFs a
costly practice as the commission is added on top of the expense ratio (ER) the ETF carries (same as mutual funds).
VirWoX facilitates, primarily, buying of Second Life Lindens (currency used in Second Life — a virtual world) with a variety of currencies such as EUR, USD, CHF, GBP, OMC and ACD and you can
trade those Lindens for Bitcoins although it is very
costly — 10 % in
fees.
Licensing courses became longer,
fees went higher, the tools of the
trade became far more
costly and complex.