HOW CRYPTO NETWORK CONGESTION AFFECTS YOUR TRADE

How Crypto Network Congestion Affects Your Trades

Network congestion happens when transaction demand exceeds the network’s processing capacity, leading to delays and higher costs.

This issue is common during high-demand events like token launches or market rallies.

For example, when Bitcoin sees a surge in transactions, its limited block size causes delays, and many transactions are left waiting for confirmation.

To avoid being left behind, users may raise transaction fees in a bidding war to prioritize their transactions, which adds to the chaos.

This can be a major frustration for traders who need fast execution to seize market opportunities.

On trading platforms, congestion can also occur when too many buy or sell orders flood the system, causing delays and increased slippage.

This leads to market volatility, making it harder to execute trades at the intended price.

BREAKING: 🇮🇳 The Income Tax Appellate Tribunal (ITAT) has declared that #Bitcoin is a capital asset! 💰

Profits made before 2022 will be taxed as capital gains.
For transactions after 2022, a flat 30% tax applies.

🫠 When you tried to outsmart everyone, but something went wrong...

A trader decided to be the first to buy $PENGU, dropping $10,000 the moment the token listed.

But due to low liquidity, they ended up with just 78 $PENGU… worth a grand total of $3.

Imagine buying a yacht, only to realize it’s an inflatable raft with a $14 trillion price tag.

☠ Same old scam trick still working in 2024. A victim lost $45k after entering their seed phrase into a fake Phantom wallet popup from a malicious link promoting a BONK airdrop.