Just this learning curve is a lot for me. Its hard to feel confident sending 100,000 sats around to a new wallet while not understanding what im doing. I probably need to find some good tutorial videos explaing this all to me. Bitcoin has not been easy for me to learn. Trying my best.
Discussion
If Blix works like Phoenix, what you want is to send as much as you can afford to open as large a channel as possible.
Let’s say you send 150k sats, Blix will open a 150k sats (plus an extra bump courtesy of Blix).
Now you need to take into account the concepts of inbound and outbound liquidity.
The channel you just opened will have 150k sats of outbound liquidity, meaning that’s the max amount you can spend.
But it’ll have only few thousand sats of inbound liquidity (remember the extra bump I mentioned), meaning you will able to receive only a few thousand sats.
What you’ll need to do is send, let’s say, 75k sats back to WoS.
Now your channel will have 75k of inbound liquidity and +75k of outbound liquidity.
What you need to understand is that you’ll be working within the confinements of the liquidity you provide and the amount of sats you leave there, which will determine its inbound and outbound liquidity, as I explained.
I see.. That is so complicated though. Like how did you even come to understand that, i have no idea lol. I would have no luck trying to explain it to someone. I need better orange pilling techniques.
Think of a channel as a glass of water. If the glass is full you can drink a lot from it but you can’t pour in more water.
If it is half full…
If you go into the options you can click on your actual open channels and that will show your incoming/outgoing.
Think of it like an abacus, at the moment all the beads are on your side, but if you send some over to the other side, now they have some "liquidity" which can be sent back over to your side. The abacus (channel) will only ever have the same number of beads, but if your beads are all over your side you won't be able to receive, and if they are all at the other end you have none to send.