Replying to Avatar BTC-BACKPACKER

So I just Received my nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n JADE and have no idea on how to set it up 😕 😂

I'm sure some YouTube videos will help ...

but I have a #asknostr ( question ❓) ....

If I transfer from my current wallet to a new wallet am I going to incure fees ? I know this sounds dumb but I've always only had one wallet... ie utxo's

And if so when I do would this be considered a consolidation ?

Maybe wait for SATs per V/bite to be low ?

nostr:npub103m96sra82w4agghew9cdxtzs4s8sl7qsjsvw6h653yml0gjrkzqefd3h5 Thoughts 💭 🤔

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#Bitcoin #dca #hodl #sats #stacksats #soundmoney #stayhumble #btc #zaps #zap #coffee #powerlaw #nostr

https://m.primal.net/NAGP.webp

https://m.primal.net/NAGQ.webp

https://m.primal.net/NAGR.webp

https://m.primal.net/NAGT.webp

https://m.primal.net/NAGU.webp

https://m.primal.net/NAGV.webp

Yes. Watch the mempool for low transaction fees.

https://mempool.space/

Definitely wait a week before making any transfers to give yourself some time to youtube uxto management skills and tactics.

You may want to consolidate some. And split up others.

If you learn this first, you’ll most likely save yourself some sats by not sending utxo’s multiple times.

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so for example on my stack spreadsheet... when I transfer over to the new wallet whatever tho cost is for the base layer... how would I reflect that on my spreadsheet? a sell ?

I guess. This for tax purposes? Not sure why you would want to give up your stack size to write a few bucks off.

But if you send from one utxo to a new utxo, one could consider that a sell because you incur a transaction fee.

regardless I'll need to consolidate my utxo's so .. I get what your saying m thanks for the info 🙏

👊