0 sats \ 4 replies \ @numbskull 10 Jun 2023 \ parent \ on: Bitcoin UTXO bitcoin
1 seed - 1 UTXO
The smaller the better .
Whale, crab, prawns and you - microbe
No one gives shit about microbes,you are safe now my friend
That means, for every payment you receive, you‘ll create a new wallet?
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At current price 25k and current transaction fees - 1 UTXO-0.1 bitcoin max
Consolidate up to 0.1 bitcoin
If Price of bitcoin doubles then 0.05 bitcoin - 1 UtXO
That’s way you always remain 🦠 microbe
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Ok, I see. But that‘s then for long time storage.
And probably another hot wallet to receive payments and accumulate until you have the desired amount.
Then, create new wallet, and transfer the stack to the new wallet.
That would be the basic routine in your case?
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If you talking about lightning and satoshis then I don’t know what is best routine. I just buy KYC here and there and don’t spend it. Until bitcoin is accepted everywhere and is tax free there’s no reason to to touch it at all. Every time you do something is a taxable event and needs to be reported , too much hassle to even bother
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