Post
Topic
Board Bitcoin Discussion
Re: What Inspired Me To Invest In Bitcoin.
by
Nwada001
on 27/09/2023, 17:27:40 UTC
3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.


I agree with you on this, bitcoin network transaction is very fast and you can make bitcoin transaction anywhere,anytime, anyday with ease and at the comfort of where ever you find yourself without being restricted or redirected by any one on what to do unlike fiat transaction where you sometimes find it difficult to have access to your funds and to make transactions due to poor network connectios, fear of attacks as a result of informations being licked by some bank officials, delays in remitting cash due to crowd when it comes to physical transactions and much more.


No doubt bitcon transactions are fast, and no doubt we can transact them whenever and wherever we want at any given time, but let's not forget the fact that how fast we want our transactions to be carried out and executed depends on how much fee we are willing to pay for the transaction to be completed. It also depends on how congested the network might appear to be at the very moment that you choose to transact.
 
On the aspect of no limitation, no one might be able to stop you from completing your transaction, but power supply might, and lack of access to the internet can also still go. If you don't have access to the internet, I don't see how possible it will be broadcasting your transaction in the blockchain.
 
Please don't get me wrong. I'm not against the fact that Bitcoin transactions are not fast or not; I'm just trying to point out things that can also affect the speed limit of your transaction.