pull down to refresh
63 sats \ 9 replies \ @SimpleStacker 16 Sep \ parent \ on: Who can give me an ELI5 on Inbound liquidity and it's increase / decrease?! lightning
I found that the best way to get inbound liquidity from SN is just establish a channel to SN, then buy something on Lightning, like a gift card, using your SN channel as the outgoing channel.
This creates a remote balance on your SN channel which you can then use to withdraw from your SN wallet.
Shouldn't cost thousands in sats, maybe hundreds from the initial channel opening but that should be all.
reply
Personally I just keep spending if I need more inbound liquidity.
Getting inbound liquidity is a known issue for Lightning. There are even services where you can purchase inbound liquidity, though I'm not sure how it works as I've never used it. I guess you just pay people to open a channel to you.
I figure if I just keep spending I not only help the bitcoin circular economy but I also get the inbound liquidity that I need.
reply
reply
For me, I use bitcoin to spend on my regular needs, by buying amazon gift cards. So this is money that i'd spend anyway. I then buy more bitcoin with my savings. I try to time it so that I'm spending bitcoin when the fiat/bitcoin price is high, and stacking when the fiat/bitcoin price is low.
What is your pubkey? I will consider opening a channel to you. I don't know how helpful it'll be though since I lack inbound liquidity myself.
reply