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Since 2020, when I started buying bitcoin, I haven’t moved a single Satoshi out of cold storage. My dad hasn't moved a single Satoshi either, nor have my siblings, my uncles, my cousins, or my friends. Everyone who bought and continues buying bitcoin thanks to my 'non-investment advice' now has more bitcoin and never less. Each person, of course, according to their own scale and measure. Using bitcoin, as you rightly said, doesn’t necessarily mean transferring or spending it. All of us use bitcoin by keeping it stationary, to protect ourselves from the inflationary and even confiscatory policies of the Argentine Republic.
Depends how you spend them. Generally I don't like utxos under 10m sats. But I don't consolidate my whole stack in case I need to pay someone, I don't want them to see my whole stack. So I keep different sizes utxos and my biggest ones are never used for spending
I like consolidating the majority that I will likely never spend and then I like having spending wallets that are smaller
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btc 1 year ago
Cool yea generally my thinking as well but like to hear how others think on it. Thanks
Case by case basis. If you have lots of utxos below 100k sats probably worth consolidating. Make sure your not comingle utxos you don't want comingled. Kyc sats with non kyc sats for example. With fees being so low, really is a no brainer. Imo
Why? Using the paper money to store the harder money for when its needed in the future? I don't see anything wrong with that. I've spent sats to buy a few btc related things but the vast majority is stored for long term savings. Isn't that really the best use case for now?
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nobody 1 year ago
We the hodlers are the floor 👌