Bitcoin volatility itself makes international transfers more risky with this currency if both sides have to exchange for some other “real” currency (say, dollars or euros), as well as some other financial enterprises based on the infrastructure of the bitcoin system.
The explosive growth in the volume of transactions due to the presence of problems with network bandwidth has led to an increase in the cost of the transaction, which on average is already from a few to a few dozen cents. On the other hand, greater activity in the markets leads to a decrease in spreads and reduced commissions of intermediaries, which can make life easier for financial startups based on cryptocurrency.
It is necessary to understand that optimistic moods of investors can at any time be replaced by equally strong pessimistic moods, and the evaluation of a project or technology on the principle “in principle, an idea is promising - I think we need to invest money here, and more” have already led to sad consequences .
As an example, we can recall the dotcom crisis. On the one hand, the Internet as a technology still met all the expectations placed on it. On the other hand, from the generation of companies founded before 2001, very few survived and live to this day — despite the overall promise of the direction, most of the ideas tested at that time were unviable, a significant part of the projects — the garbage that rose sharply on the rising wave, and many companies that survived the crisis did not subsequently become market leaders, but simply faded with time or occupied a niche.