Considering we're in a "low fee" environment, how many UTXOs in cold storage should we let accumulate before we consider consolidating those UTXOs (however privately)?
I ask because there are a lot of DCAers out there, but I've only seen a few estimates of a good range of UTXOs your cold storage wallet should have in order to keep it future-proof in terms of fee sustainability.
I would estimate a high range would be 45-50, but I don't know. Thoughts?
If you are DCAing small amounts, many txs, you better use to withdraw them as 1st step into a LN wallet. From there, when you can swap out to onchain anytime you feel comfortable with the amount. In this way you add also some degree of privacy.
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I dont think it matters much
If you want slightly lower fees in future you might consolidate a few bytes
However utxos also pave the way for layer 2 contracts, and the older they are the harder to double spend
More utxos can also be a vector for privacy
So it comes down to personal preference
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A little math:
Therefore, it would take ~18 days for all of these UTXOs to be spent just once, or added to a lightning channel.
For this reason, I don't like UTXOs that are smaller than 0.001 BTC. I don't want my outputs to be unspendable in the future.
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I think it's less about the number of UTXOs, and more about how much each UTXO holds.
For example if you were a whale with a total of 1000 BTC, then splitting that into 50 UTXOs isn't going to cost you much in fees as a percentage.
But if you own like 0.1 BTC total, then splitting that into 50 UTXOs is a bad idea because you'd lose a big percentage of that when spending in a high fee environment.
For future proofing I prefer UTXOs to be at least 0.05 BTC.
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i dont think the amount of utxos matter too much but if you have less than $10 in each one that could become a problem in the future if it start costing $1 or more to spend a UTXO. right now it cost $0.20 but its a bit busy
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даже 3 уже много! нужно соединить сейчас... потом это может стоить очень дорого в долларе... пусть это 5000 сат но 500 доллар это много...
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