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Replying to Avatar Jor

UTXO horror story

Not really horror but. Shitty.

We had been putting a small amount of bitcoin into a wallet every week.

DCA’ing just like most.

Last week we tried consolidating and it was going to cost $150 in fees (over 150k SATS)

Keep in mind the amount being transferred is not a huge amount.

Today we consolidated at 7 sats/vb and it still cost around $80.

I know this was the right play but fuck did it hurt.

Just some advice for people who might not be familiar with UTXO management (like me when the majority of these sats were sent)

An expensive lesson but at least we were able to move them at such a low transaction fee. Lots won’t have this luxury in the next few years / decades.

Prepare while you can!

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Sawchi 🇨🇦 1y ago

What size DCA buys were they? Sub $20? You must have consolidated 30-50 utxos for that price.

I consolidated last week, nothing smaller then 500k sat UTXOs, nothing bigger then 2million sat UTXOs for privacy.

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Jor 1y ago

Good on ya my friend.

Your future self will thank you BIG TIME

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