which is the better recommendation for beginners?
1. stacking sats with lightning
2. stacking sats on an exchange
I think I would prefer 1. until 5 mio sats and then swapping to onchain.
#asknostr #bitcoin
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Replies (6)
On exchange? Never. NY🗝️ NY🧀
I stopped recommending Lightning to newbies at all.
Newbies don’t want to spend #Bitcoin anyway. Most just want NGU.
In my experience the step from stacker to user is about few month to 1 year and in that time they can learn about the downsides of lightning and stay away from it completely.
Much better than going with the only solution #lightning has: custodial apps. 🤮
Agree and disagree 😜
the problem is many want to start with small amounts and onchain is simply impractical at these prices
I know exactly what you mean. It‘s a wide field if you are an active orange-piller 💊
Point 1.
it is important to address the dust issue
You should only send the Sats to the hardware wallet if you spend $1,000 or more.