#asknostr
What are the schools of thought on the strategies for #stackingsats?
I have spent the last three weeks just buying a small amount of #bitcoin. Same amount everytime. My question for the gentle #plebs: what is the strategy? Do I stack up to a certain amount and then cold storage a portion leaving some to spend, or do I divide some out to save, spend, etc. as I stack? What did you guys do?
Replies (3)
Keep a wallet on your phone with 100k-200k sats, then the rest goes to a cold wallet that is safely stored and backed up. (Of course back your phone wallet up too).
Then just maintain whatever percentage of your net worth you are comfortable with. As you grow more confident and capable, increase that percentage until you live wholly on the Bitcoin standard.
And always spend Bitcoin when possible. It signals support for the network and protects you from corporate spying on your debit card. 😉
It just feels discouraging because where I am right now, I can only do about 30k sats per week. #chumpchange
That's 30,000 more sats than the billions of people who bought zero, brotherman. 🫡 You'll be a sat millionaire in no time!
