What’s a good percentage of your total btc to keep onchain? I’ve been trying to think of a good ratio.
#askNostr
Discussion
Depends on your future lightning purchases. I try to keep a couple hundred in various LN wallets.
If you had 1 million dollars cash how much of it would you keep in a checking account and in your pocket? How much of it would you store away long term?
Think out that and you might come up with your ratio.
Tbf this isn't a fair analogy since no millionaire leaves their net worth liquid.
I do get your point tho just being pedantic 😅
(This is why I love Nostr)
Lol I realized that when I wrote it but the magnitude of money is for ease (we like big round numbers).
Also the on-chain analogy could be keeping it in gold.
How much of that million would you put into assets? How much of it would you keep in a checking account?
You're 100% right, and your point is valid, you would want to keep the majority of your wealth stored away safely.
Like I said I am just pedantic, ignore me haha 😅
99 - 99.9% onchain.
Like 1-5% LN, the rest on-chain in cold storage.
I consider corn on lightning as spending money. The rest resides on a Trezor.
Most of it. I’m trying to build some liquidity on layer 2, but most of my BTC will live onchain forever.
90% on chain at least, imo.