High rate of crypto illiteracy still makes me sad.
I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.
My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.
Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.
What's your opinion ? .
So have you ever used bitcoin during network congestion, especially if we are in bull season? Bitcoin transaction fees become expensive, and transaction completion can take up to several days. I'm sure many people here have experienced the same thing. I bet you are just trying to say good about bitcoin to gain merit, you have never used bitcoin for a transaction at all. Nothing is perfect, everything has its pros and cons.
I highly agree with this opinion. During bull season or even not, sometimes the network gets congested, just like recently where I won a raffle and the prize was bitcoin, it took me 4 days to receive the price although it is not something to panic or be worried about, if the network gets even more congested after that, for sure I will have to wait for few more days again.
Bitcoin or fiat, has both pros and cons. While some supports bitcoin like a fanatic, we should understand that there are also people who don't. We also have to accept that fact and respect their decision. Personally, it doesn't matter to me which is which, but at least I have options to choose, either crypto or fiat.
There are too many bitcoin fanatics here, and even though they know the truth bitcoin is not perfect, everything has its pros and cons. Recently I made a transaction worth 4k bitcoins but wanted to save cost, I set a fee of 3$, but unfortunately, the bitcoin price suddenly increased, and it took me 7 days to complete transaction. But I don't see anyone talking about this, bitcoin delay.