It kinda drives me crazy when bitcoiners talk about DCA, while simultaneously telling people to take their coins off the exchanges right away. Parroting talking points, without actually thinking it through.
Discussion
I ended up learning about UTXO management with a lot of smaller UTXOs in my hardware wallet and I’m really glad I learned about it before it got out of hand.
100%. I think it’s a good exercise to go through at least a few consolidations for newbs to get the feel for using the Network and their signer. I know it made things crystal clear for me back in the day and for a few people I’ve onboarded to self custody. Sparrow is mandatory too that software is the pinnacle.
Also dealing with exchanges teaches great lessons too. When you “send” from an exchange you have to wait for them and jump through their hoops. When you consolidate the tx hits the network right away, and that’s often a big “ah ha” moment for people. Permissioned paper IOU vs bearer asset on a global 24/7 permission-less network. World of difference.
Definitely agree on that. Doing smaller consolidation amounts at first, through Sparrow, is a must for the learning curve.