Price is down, fees are low, you know what to do right? Right? ๐ฅ
Discussion
I... Still don't understand the point. I have more reading to do.
Hereโs a good explanation. Read the linked, previous article if you need to better understand what a UTXO is.
Thank you.
Consolidate simply means put larger amounts of BTC say at least 500-1000 USD value on single addresses. It will reduce the cost to move BTC into the future.
Depending on your stack you may want to go higher in value. Say if you hodl a total of 100K USD in value may be move that to 10-20 addresses of 5-10K each.
What do you think is a good amount to consolidate utxoโs to? To make sure you donโt end up with dust? I realize itโs a trade off with privacy while spending.
Sell!๐
Time to move from exchanges to self custody
Buy the dip.
Take your Bitcoin off the exchange.
Consolidate UTXOs.
Open Lightning channels.
Remain humble.
Stack sats.