This is not financial advice, but everyone should at least have $100 of #bitcoin.
Why that amount? It’s just about 150,000 sats, which doesn’t look like much today, but in less than 50 years, it’s going to be twice the block award.
Discussion
Years ago I failed my first accounting exam because I forgot I was taking the glass.
The first day I showed up was the midterm.
That being said, this (a) sounds like financial advice and (b) is too bearish. 😆 🤙
Depends upon which currency you are buying Bitcoin with.
If someone had $100 of Bitcoin, how would suggest they hold it? If it’s in cold storage (device costs more than $100), there is a risk the UTXO won’t be spendable in a decade due to fees.
I wonder what to tell someone who is interested in buying a small amount.
Hard to say. For that amount a seed phrase on a software wallet would be good. Obviously I think it’s smart to have more than that but people have to start somewhere.
Software wallet is a good idea. It will be interesting to see if fees go high as people are saying.
honestly with just $100, i'd tell them to use Strike or CashApp or i'd hold it for them and be their Uncle Jim.
If it's really only 100 I would use a LN wallet like Muun. Or run a LN node myself. But let's be real. Everyone can get to mote than 100 bucks.
Any of today’s Lightning wallets probably won’t be around in 50 years. If you’re going to hodl long term you really are safer on the base layer.
They won't be around for sure, but other LN operators will and you can easily transfer to them. Most small BTC amounts will be held in L2 IMO.
Best option tho. Own enough that you can pay fees on L1