Eye eye captain 🫡

Happy to help Jarol :)

Correct - when you move that $9000 off exchange at one time you will have a single UTXO in your wallet. However, when you're buying $3000 at a time on the exchange no UTXOs are created because the exchange is not making trades happen on chain. UTXOs are only exist on chain. When trades execute, the exchange is just moving money around in different user accounts within their database if that makes sense.

Yeah every move is a new UTXO. Coinbase and other exchanges have systems in place for optimally managing UTXOs on their end. When you buy or sell it doesn’t necessarily move any UTXOs around on the exchange side only when you initiate a withdrawal or send a deposit. You can actually investigate your withdrawals and deposits on chain to exchanges it’s kind of interesting how they process withdrawals.

Happy to help ✌️

1 is the lowest, I think anything sub 10 is great. It has gotten as high as hundreds for a sustainable period of time which would be great to avoid but you can’t always avoid that.

Yes but you’ll pay less fees by just sending to the same wallet (moving to a different public key in the same wallet) once using something like sparrow wallet.

Optimal Bitcoin UTXO Consolidation

I agree 😎😎

We back

I disagree

Gang gang

No they're still separate UTXOs even if you use the same address. Using the same address is bad just because of privacy. Each person you give that address to will be able to see the cumulative balance

Yeah they have a coin control feature - I haven’t used it bluewallet.io/features/

No, each UTXO would have it's own address in a wallet. To be honest this video is not a very clear presentation on UTXO's. I realize he's trying to make a comparison to savings but there are other videos & articles online that give a better explanation of how UTXO's work.

@marty590 You could do it either way. Each timeframe has it's own wallet or each UTXO within a single wallet has a timeframe (a little more complicated but possible). I prefer each timeframe has it's own wallet - that way you can have spendable bitcoin in a lightning / layer 2 wallet or keep bitcoin that you want to trade over the course of a year on an exchange. Then medium term savings gets a hardware wallet and long term gets a multisig. That's just one example you could set it up however you wanted to though. In my example, my

@TOMinPDX - To his point, I explain UTXOs in a little more depth here: kzfaq.info/get/bejne/g9B-f9mZ0tuYpX0.html and here: kzfaq.info/get/bejne/eLaKhsWeq9DDnH0.html This video was really meant to answer the question: how big should my UTXOs be. A lot of the guidelines tell you to just never hold less than 1 million sats which I think is a good baseline to start from but doesn't really answer the question. You should really be try to understand how often you'll be moving any of this money and determining size from there.

Thnx boss 😎

Thanks 🙏 happy to help :)

I don’t think your stocks will be stolen especially in a centralized platform. Make sure you have a strong password (use something like Apple Keychain or 1Password) and two factor authentication on your account with Authy or Google Authenticator. Whatever laptop you use make sure it’s using a recent operating system and taking updates

Yeah good idea

RIP 94 babies this year 🫠

I agree unfortunately. There need to be major strides in UX for everyone to properly self custody.

I don’t think everyone makes $100k

$100K/yr isn't remotely close to being "rich". $100K wouldn't even cover bills and living expenses in many parts of the country, much less leave any extra for savings.