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Questions regarding Ballet Cold Storage Wallet Cards, Next Bullrun, and BTC transaction speeds

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by COINS NEWS 46 Views

So, I don’t have too much in the way of funds currently. But, since 2019, I have been able to DCA myself to just a bit over .13 BTC, which I am very proud of! I also have a sizable (to me at least) position in ETH, XMR, ADA, IMX, LRC, and BCH. All together being about the same size as my BTC holdings.

Fast forward to about 2 weeks ago and I bought some of those Cardsmiths Currency trading cards from GameStop. And I was lucky enough to get a .1 BTC redemption! Which is super exciting. I have received the ballet card and now have the extra .1! So now I am a part of the .23 club!

Now I’m making this post because I have two questions. Firstly, .23 is about all I’ll be able to own for the foreseeable future as the job market is tough and I don’t have much income. I hope to be able to stack more sats before the halving and all, but I am not super confident I will be. So, do y’all think that is a good amount to have to actually be in a good position for the next bull market in late ‘24 or ‘25 or whenever it comes? Including my other holdings?

Secondly, does anyone here have experience in winning a redemption from Cardsmiths or using ballet cold storage? Because when I went to transfer to my Ledger Nano X yesterday, using the Ballet app, it wasn’t letting me specify how much to send. Though, I only had received it yesterday onto the ballet card and it had yet to go through all the confirmations. Which it has now as of this morning. So, why wasn’t it letting me specific how much to send? Because I want to send a little to my Blue Wallet too. And before anyone says it, yes I have a lot of experience with BTC (since 2019 when I first bought in). So, that’s why I want to be able to send a bit as a test before sending it all over to cold storage (which is, as you all know, best practice). I noticed that the transaction was not confirmed and I figured that was why it wouldn’t let me specify?

It did take over 18 hours for the confirmations to go through, which isn’t a big deal for me. But, I could see that be a problem in the far future as BTC becomes more widely used. So, what are your thoughts as a community on the backlog of transaction confirmation speed? I know lighting could potentially solve this?

Thanks y’all!

submitted by /u/cosmoshistorian
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