technically, yes. as many have already said- it limits your top volume levels.
but, what would be volume turns into intensity- the sound/vibe is still there, and the compression can add some energy to the sound. so, while dynamics will be "lost," intesity will still be maintained- even enhanced sometimes.
but, what would be volume turns into intensity- the sound/vibe is still there, and the compression can add some energy to the sound. so, while dynamics will be "lost," intesity will still be maintained- even enhanced sometimes.