Hello frens, I’ve been on the DCA train for quite a while now and, since I’ve never thought of selling my corn, I’ve only recently come to discover the concept of consolidating my UTXOs.
Any resources or recommendations on when and how to do this? Conceptually I get to do this when fees are low. I’m looking to better understand how to identify that myself and act on it.
Many thanks in advance! 🧡
#bitcoin #nostr #asknostr #plebchain #coffeechain
Right now lol. I fomo consolidated at 26sats/vb. It’s currently 10. What do you expect fees to be when you go to spend? Fees may be much higher in 40 years compared to 4 years. Here’s a handy calculator https://bitcoinops.org/en/tools/calc-size/
Good to know. Thank you, sir 🫡
What if you used the lightning network to consolidate your utxos? Wouldn't that be a cheaper alternative than on-chain?
Mempool.space can help you monitor transaction fees and as stated above I’d recommend a wallet that shows your UTXOs.
