Can one wallet send/receive bitcoins from/to multiple sources simultaneously?

Let’s say for example I put my public bitcoin address on a website for donations and multiple people for around the world deposit bitcoins simultaneously to that same wallet:

  1. Will all deposit transactions be valid on the bitcoin network or might some transactions “overwrite” the other?
  2. While receiving bitcoins from someone (not yet a verified transaction on the network), can I withdraw or pay bitcoins using the same wallet given the amount only include previous bitcoins and does include the new deposit?

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