Reaching my first 100,000 satoshis \ stacker news ~bitcoin

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737 sats \ 50 comments \ @guerratotal 1 Sep bitcoin_beginners

A few minutes ago, I collected about 22,000 satoshis that I had stacked in a daily DCA last month, so I've completed my first 100,000 satoshis.

I'm very happy about that. Now the next step is to make the first swap to the main chain and send to an offline wallet.

I'm open to ideas on how to send to the main BTC chain or how you do it. If you wait to stack the sats or if you can send them with fewer sats.

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23 sats \ 10 replies \ @OT 1 Sep

Congrats!

Maybe consider swapping onchain when you get more. 500k to 1m would be best IMO

23 sats \ 7 replies \ @flat24 1 Sep

Although this partner's option is quite valid. I personally do not see myself gathering half a million or one million sats in Wos. I couldn't sleep peacefully.

It is preferable to bring Utxo's of 105k or 110k sats and then consolidate at some point a larger utxo and problem solved. and greater security for the medium long term or the time you can take together those 500k sats. In Europe someone is assembled their first Utxo with 500k easy and without disheveled, but on this side of the world things become different and in minor quantities.

IMO @guerratotal

0 sats \ 6 replies \ @guerratotal OP 1 Sep

That's really what I was thinking

23 sats \ 5 replies \ @flat24 1 Sep

And I recommend waiting a bit. Today the transactions in the chain are faces, 8 sats/vB compared to two days ago that was 1 sats/vB

0 sats \ 4 replies \ @guerratotal OP 1 Sep

I'll be keeping an eye on how that value holds over the next few days.

23 sats \ 3 replies \ @zapsammy 23h

the fees u shared are too expensive, proportional to the amount of sats stacked; the additional privacy benefits gained by looping-out (swapping-out or moving lightning-to-onchain) are not worth the sats, imho;

i wud recommend coinos for lower fees of swapping as well as temporary 3rd-party custody, or phoenix if u are already willing to spend this much on a swap-out thru boltz; Phoenix is slightly more expensive, but the private keys are legit and node conectivity is #1;

are u already reading Dathcoin Guides? The following are relevant to your situation:

have fun studying pleb!

44 sats \ 1 reply \ @PictureRoom 22h

Coinos has struggled a bit in the past, but I still enjoy the wallet. Adam does a great job

23 sats \ 0 replies \ @flat24 11h

totally agree. Coinos is fabulous and quite useful. Use coinos for the attached wallet of SN and Nostr, and works wonderfully.

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69 sats \ 0 replies \ @guerratotal OP 23h

I've read some Darth guides, I'm going to read the ones you recommend. My focus this time has been on accumulating sats. Now I want to do my own custody and get rid of those WOS sats. I know it's very practical and good, but it's not self-custody.

23 sats \ 0 replies \ @PictureRoom 22h

Yeah, this is the way

0 sats \ 0 replies \ @guerratotal OP 1 Sep

Maybe, while I'm going to look for the best alternative to make that exchange...!!

23 sats \ 5 replies \ @Undisciplined 1 Sep

Congratulations!

If you stay at it, the pace really picks up.

42 sats \ 4 replies \ @guerratotal OP 1 Sep

It really is an adrenaline rush that is delicious.

23 sats \ 3 replies \ @Undisciplined 1 Sep

Do you have access to services that offer bitcoin rewards for fiat purchases?

42 sats \ 2 replies \ @guerratotal OP 1 Sep

What I use most is a credit card that gives cashback on sats.

#1194734

So all my shopping purchases, online purchases, or even a coffee, I pay with it, and I accumulate sats, which from now on I plan to withdraw monthly, I generate a kind of invoice and pay it via lightning

23 sats \ 1 reply \ @Undisciplined 1 Sep

Nice! I missed that post.

21 sats \ 0 replies \ @guerratotal OP 1 Sep

Don't worry...it's normal for them to pass.

23 sats \ 1 reply \ @PictureRoom 22h

Congrats! Made my first 100,000 sats here on Stacker

0 sats \ 0 replies \ @guerratotal OP 21h

ohhh great friend...!!

23 sats \ 1 reply \ @yfaming 23h

Just use https://boltz.exchange/. But please do it when the Bitcoin network is less congested.

0 sats \ 0 replies \ @guerratotal OP 21h

Yes, I think that's the way...thank you..!!

23 sats \ 1 reply \ @Msd0457890 23h

That's fantastic, good for you, keep stacking my friend @guerratotal.

0 sats \ 0 replies \ @guerratotal OP 21h

thanks bro..!!

23 sats \ 1 reply \ @test13 23h

Cool!

0 sats \ 0 replies \ @guerratotal OP 23h

thanks bro..!!

23 sats \ 1 reply \ @nikotsla 1 Sep

Nice! remember to use the sats.

1 sat \ 0 replies \ @guerratotal OP 1 Sep

Of course..!!

23 sats \ 2 replies \ @flat24 1 Sep

Congratulations 🎊 It is an important milestone.

I tell you the conclusions I reached.

To assemble Utxo's or "Tickets" of 100k Sats or any other amount (although it is a larger amount, with 5% or less is sufficient). I estimate at least 5% or 10% for the commission or possible future commissions in which if it requires moving that UTXO.

to change from lightning to the chain.

The best, from my short experience. It is Boltz (it allows from 25k or 50k sats. Although it is not viable to build a UTXO for less than 100K)

Robosats is also another valid option. and in the LNP2pbot and seen someone's ads offering that service.

I hope it is useful.

0 sats \ 1 reply \ @guerratotal OP 1 Sep

100k was always the first step for the UTXo thing, maybe I'll accumulate a little more to make a bigger UTXo...!!

You're the second Boltz recommends, I'll keep an eye on it.

23 sats \ 0 replies \ @flat24 1 Sep

100k was always the first step for the UTXo thing,

I understand you perfectly. I also started practice 1 SAT at the same time until I reach my first 100K utxo as a reference. Wow was a great day, that day.

https://boltz.exchange/

Verify, there you can simulate the previous part to the exchange and warn you more or less how much would be charging you in Fees.

23 sats \ 6 replies \ @Scroogey 1 Sep

On coinos.io you can swap lightning to on-chain for 0.4% platform fee plus transaction fee (which is dynamically suggested, wait until mempool isn't full).

On RoboSats you can use 'I want to: Swap-Out', but there aren't always offers for as little as 100k sats, and fees can be quite high (like 1.6%). I think the other party covers the transaction fee.

Boltz takes 0.5% platform fee plus a rather exorbitant transaction fee (at times).

23 sats \ 0 replies \ @PictureRoom 22h

I didn't realize you're able to swap out from Coinos to onchain for cold storage. How is that different from using Boltz?

0 sats \ 4 replies \ @guerratotal OP 1 Sep

My job now is to thoroughly study that part of sending to the main BTC chain in the safest way.

23 sats \ 3 replies \ @zapsammy 23h

the safest way

depends on ur interpretation of the word "safe"

0 sats \ 2 replies \ @guerratotal OP 23h

find the safe way to do it

115 sats \ 1 reply \ @zapsammy 23h

here is Safeway, one of the USA grocery store chains with many toxic products per aisle...

0 sats \ 0 replies \ @guerratotal OP 21h

hahhahahahhahahahahhahahaha

23 sats \ 1 reply \ @jakoyoh629 1 Sep

Now the next step is to make the first swap to the main chain and send to an offline wallet.

I've never even used wallet of satoshi, so I'm not sure if it has that service built-in. It might. If it doesn't, you can just use https://boltz.exchange/

0 sats \ 0 replies \ @guerratotal OP 1 Sep

Thanks very much buddy...!!

23 sats \ 6 replies \ @030e0dca83 1 Sep

imo, in the next decade it'll may became unreachable amount for an average human being.

Newcomers tried to stack 10 Bitcoin -> 1 Bitcoin Today's goal is 0.1 Bitcoin In the future 0.01 -> 0.001 -> and so on

0 sats \ 5 replies \ @guerratotal OP 1 Sep

That was really one of the motivations I had to accumulate as many sats as possible, because every year there will be less availability of them on the market.

23 sats \ 4 replies \ @030e0dca83 1 Sep

I guess we can't even realize how purchasing power this amount will have

I remember in early 2023 people everyone could afford 300k sats for $50 and 99% people around me ignored it. Today the same people tell me: It's too late, Bitcoin is too expensive

8 sats \ 3 replies \ @guerratotal OP 1 Sep

A while back, I wrote this little reflection on this topic

I also heard a very good phrase: everyone buys BTC at the price they deserve...!!!

It sounds harsh, but it's true.

23 sats \ 0 replies \ @Msd0457890 23h

Yes, I also heard that phrase when I started in Bitcoin.

23 sats \ 1 reply \ @030e0dca83 1 Sep

I like the quote: Bitcoin is for anyone not for everyone

0 sats \ 0 replies \ @guerratotal OP 1 Sep

That one is good too...!!

23 sats \ 1 reply \ @Zion 1 Sep

DCAing Bitcoin is like a cheat code - continue it

0 sats \ 0 replies \ @guerratotal OP 1 Sep

It's like that....!!

23 sats \ 1 reply \ @Oxy 1 Sep

Congrats! Cheers to the next 1 Million sats

0 sats \ 0 replies \ @guerratotal OP 1 Sep

Thanks friend, here we go....!!!