Post
Topic
Board Bitcoin Discussion
Re: The Importance of Consolidation, Especially with Dollar-Cost Averaging (DCA)
by
Ruttoshi
on 15/02/2024, 15:20:24 UTC
Unfortunately, I missed the window to consolidate my small UTXOs while fees were low. Now they've skyrocketed again! Fingers crossed for another chance soon.

The fee is low again, as I am typing this message. I gave just consolidate my bitcoin in my wallet which I bought weekly from DCA strategy begore the high transaction fee problem occurred. I was happy to see that transaction fee has gone back to normal just before the ordinals attack.

What made me made at myself for not being patient enough till today was that last two weeks I also consolidate my transactions for a very high fee, and when I saw how much that I used, I frowned at myself, which made me decide to consolidate the rest small unit when the fee is very low, which I achieved that today.

If you are DCAing, it is better that you keep the money in an exchange till it is up to$500 and above, then you can send it to your self custody wallet. You should also consider the risk involved.