Hello, i would like some gurus to clarify me on this issue of network confirmation. Let us assume that someone sent me btc of 0.009 and the value BTC as at the time the transaction was done is $10200, and it took over 6 hours for the btc to drop into my wallet because of the confirmation it has to go through, if at the time the BTC eventually dropped, bitcoin had increased to $12000, would i be receiving the dollar equivalent when it was $10200, or the network will record the current value when it dropped. i.e bitcoin value of 0.009 equivalent to $90 when it was sent, but it got delayed for 6 hours and by the time it dropped, bitcoin was already $12000 making the value now about $130, would i receive $90 or $130?
When someone sends bitcoin to another bitcoin address, the recipient will always get bitcoin, not dollars. An equivalent dollar value is only a reminder of the possibility of fiat money you can get at the current time if you want to sell it. Btw, you won't get dollar when someone send you bitcoin. To convert it into dollar, you have to trade it first.
