Post
Topic
Board Bitcoin Discussion
Re: Why Should people wait for confirmation of Bitcoin?
by
maydna
on 21/11/2016, 07:22:22 UTC
I just thought about this today. Every time you are transacting with bitcoin, you will be told that you have to wait for bitcoin confirmation. This is common with bitcoin gambling sites. What I know is that bitcoin transactions are irreversible. Then why is it that you have to wait for the confirmation before initiating anything?

i think if we make payment for what we buy like for example we make invest in cloud mining, prepaid phone card, pay our bills, maybe its not need much of confirmation because there is a payment that only need 1-3 confirmation and then the order is complete.

we have to wait the confirmation is because our transaction will be seen on the network and the amount that we send can get transfer into the other wallet address. if you note, you can see when you make the sending amount, the message is waiting to be seen on network. it means, your transaction is need to be on the network list so the transferred amount is send.