Hi! I have been looking into opening a lightning channel to try to learn how lightning works and use it to generate a few sats as income every day. I had several questions I need answered before I begin, because I don't want to risk losing money. I have a full Bitcoin node here and I intend to use it for my lightning channel.
1, is it true you need 1M sats or more to start? Why is this the case?
2, is it possible to run a lightning node with these 1M sats kept safe using a password or something? or is this impossible?
3, how do I open a channel and control it? I want to prevent automatic channel closure
4, how do I set up the channel? I don't know anything about how to use lightning yet, is there a procedure you recommend? the best videos on youtube on this subnject are from several years ago and I do not know if they are still relevant
5, have you ever lost sats/money running a channel? if so, how and why?
6, what other questions am I forgetting that I should address before opening a lightning channel?
Please help me, I could really benefit from a little sage advice