Preferred custodial wallet: https://www.blink.sv/

• FOSS
• Visible team
• Low fees
• Easy to use
• Stablesats

300k sats is max life, whatever the USD price may be, if you're bigger than that, you should be able to on-chain with a UTXO that wouldn't be considered dust in high fee environment but don't quote me on that one

Up to 5% of my total stack

I think it all depends on how much you actually have. If you're with in billions, holding a few thousands in any kind of wallets wouldn't be a big deal. But when your wort is in the thousands, you will always be in some kind of fear even while holding a few hundreds in any custodial wallet.

I will never understand Bitcoiners who still use custodial LN wallets while Phoenix exists...Ok for non bitcoiners merchants who don't want to spend time to manage their liquidity, and just receive payments without a bank account.

But otherwise, with Phoenix, Zeus, Blixt, Bitkit, Breez, Umbrel already and others already existing and working well or extremely well, it makes not much sense to me, really.

1. You are NOT keeping any USD in a LN wallet. Bitcoin and LN works only with sats.
2. Those amounts are useless, because you should NOT use just ONE LN wallet but many. Spread your stash in multiple parts, multiple wallets, different types. Each one with a comfortable amount that you spend at a daily basis.

For example: you know that in a week you will spend 1M sats over LN. Then spread that into 2-3 wallets or whatever your are comfortable with.

3. Read this guide for more details: https://darthcoin.substack.com/p/stacking-sats-noob-journey

I don't have USD. I only have Bitcoin. Tell me what to do? I am still single, can't ask for USD to someone who is a loyal and compassionate Boyfriend.

Got me confused you use USD. Not Satoshi way.

These days my only custodial wallets are Cashu wallets (Minibits, eNuts, Nutstash, npub.cash) as they offer additional features that make the trade-off way better, such as privacy, censorship-resistance, irreversibility and offline availability. I just use them for very small amounts, mostly for getting zaps on Nostr, but everyday I move the funds to my own node.

It will be interesting how the bands for this squeeze as spot price rises...

When Bitcoin is $500K you'll find it uneconomical or even difficult to send small amounts, of less than $10 or so, due to how the real costs of settling HTLC's shapes network fees and routing.

On the other hand, as usage in-terms-of-dollars increases along with spot, the cost-benefit shifts in favor of self-custody.

LSP's will find it increasingly difficult to sell channels to hobbled devices like mobile nodes when a channel costs rise to $50+, and have to tie up increasingly more dollar-denominated capital.

At the same time the TCO of running a real home or cloud node, being only a few dollars a month, falls on a relative basis.

These are just a few reasons the mission for shockwallet and lightning.pub is so important, making remote nodes great again, by giving users an ability to share that node with friends and family to recoup self-hosting and channel costs.

Keep it under 1M sats

I'm planning to earn at least a million SATs for the purpose of buying my dream bike

250 - 500 is ok especially as my holdings are small

$250 is my number.

#319682

300k sats and use it in education cause. When I bought it, it was $70. Now it's a little more

I mean ... what people see as "small pocket change" can vary quite a bit

I'm really surprised by these results.

I receive my direct deposit in custodial lightning.....