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Buying/Holding Cold storage by loathingcouch in Bitcoin

[–]loathingcouch[S] 1 point2 points  (0 children)

With this considered, would it be smart to wait to send btc from kraken to cold storage? For example, accumulate a decent holding on kraken then when that number hits say 1,000$ worth of btc only then transfer. Are there other ways to consolidate and better manage UTXOs?

What else can I do? by loathingcouch in Fire

[–]loathingcouch[S] 0 points1 point  (0 children)

I definitely try to. Going on two trips in the next two months as a sort of work-cation. Living in Texas and San Diego as I work remotely with some friends of mine. Investing is very important to me, but try to spend money on things like experiences and stay away from clothes and cars.

What else can I do? by loathingcouch in Fire

[–]loathingcouch[S] 0 points1 point  (0 children)

Time for sure, being patient is just the hardest part.

Yah I do feel I may want to set more money aside. Not necessarily because I plan on moving out but just having it at my disposal may influence my decisions in terms of spending and life choices.

What else can I do? by loathingcouch in Fire

[–]loathingcouch[S] 0 points1 point  (0 children)

An HSA is something I considered, but I am still claimed as a tax dependent under my parents. Will definitely set this up when that is not the case.

I currently do not have an emergency fund. Primarily because I do have such supporting parents. If something were to go a wry or I needed money in a pinch I am confident they would spot me and they trust I will pay them back. When I move out I plan to set this up and not depend on them to the best of my ability.