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My experience with hosting is, that it could be a bottleneck
as was your shared hosting at hostgator, but if your site gets low traffic
and the hosting is sufficient lets say on a shared or vps, it will be off small to no difference when you would move it to a dedicated box.
Hosting is very important as it should be fast and stable, but it will not grow your sites imho
that is just the hard work you need to put into it to build the site's and grow traffic
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