Interesting read...but NGL the buying sounds a bit complicated..whats the benefit of going though all that? I use the payout to onchain option to receive right to my cold storage, easy-peasy worth the extra 1-1.5% fee.
#robotsats #lightningchannel #tips
If you're planning to do lots of transactions on robosats I have a couple strategies that work out well. You can open a channel directly with the coordinator node you are creating offers with.
Selling Sats:
Open a channel with coordinator node for sats you want to sell. now you can easily send those sats to the buyers in many smaller transactions. Ideal if you have a few million or more sats you want to sell over a period of time. a great way to plan ahead for bull run.
Buying sats:
Open a channel with coordinator node. Check the nodes for channel size minimum requirements. Now keep the sats on your side of the channel. When you are ready to buy, send sats thru Boltz swap to Liquid BTC...amount to send would be what you want to buy + extra 50,000 sats as a cushion. This will open up inbound liquidity in the channel. Now you can create a buy order or take a buy order with the coordinator your channel is set up with and receive sats from the seller to fill that channel back up. Using this strategy, it’s less likely the coordinator will close the channel since sats remain on your side of the channel. As your liquid btc balance builds up, you can peg out to on-chain when fees are low to a sizable utxo.
#bitcoin #lightningnetwork #liquidbtc #boltz nostr:npub1psm37hke2pmxzdzraqe3cjmqs28dv77da74pdx8mtn5a0vegtlas9q8970 nostr:npub17t2g2h0nnf7mvxtxvm5ydxs85ycumhqgmj48gj35gdplln655yxq68wj6f nostr:npub1z94lxjf7m5snda0qc6s3kmpy6r4nfw74h78da9j6j4y8ym08zrrs459wpr
Discussion
For buying: setting up a channel directly with a coordinator during times when network fees are low can help you buy sats during peak network times without the high fees. Doing the on chain option will be much more expensive in a high fee environment. Plus you’ll want a large enough purchase amount to make it worth getting that UTXO. With a dedicated lightning channel you can always be certain of finding a route for any purchase big or small as long as you have the inbound liquidity on your channel. Then you can move your accumulate sats to on chain when network fees are low again during a bear market.