Re: $20 per transaction fee
I've had this discussion over the last couple of months with various people who've spoken to me about "investing" in BTC. To me at least, there's literally no value associated with the currency because none of the places that I want to buy things accept it. Maybe if I wanted some private VPN service or whatever, but I don't.
It's just numbers, admittedly numbers that are getting bigger quite quickly. Paper value. Reminds me a lot of the dotcom boom, and I wonder if some of the people being sucked in this time around are too young to really remember that.
Despite all that I did consider buying some just to offload it a week later to the next fool. But I can't be bothered. Think I'll stick with investing in goods, services and assets that are actually tangible.