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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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14164411 No.14164411 [Reply] [Original]

wait a second
if keeping your crypto on an exchange overnight is a bad idea because the price might drop to nothing while you sleep, then how is this less advantageous than cold storage?

>> No.14164423

>>14164411
>a bad idea because the price might drop to nothing while you sleep

It's a bad idea because the exchange can do whatever the fuck they want with it and there is NOTHING you can do to stop them

>> No.14164433

>>14164411
When you keep it in cold storage it locks the price moron

>> No.14164443

>>14164411
>Why is letting someone else who I can’t sue hold my property a bad idea
Anon I...

>> No.14164456

>>14164411
FUCK YOU. YOU GODDAMN SUMMERFAGS GET THE FUCK OF MY BOARD AAAAAAAA

>> No.14164459
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14164459

>>14164433
>When you keep it in cold storage it locks the price moron
What?

>> No.14164464

>>14164443
You can't hold bitcoins either.

>> No.14164471

>>14164459
>he doesnt know about price locking
Fucking newfag

>> No.14164509

>>14164459
how new are you? Cold Storage/ Trezor locks the price of your crypto.

>> No.14164513
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14164513

>>14164459
don't tell me you haven't locked your BTC above 15k during the last bullrun anon

>> No.14164521
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14164521

>>14164433
What the fuck are you talking about??

>> No.14164539

>his btc isn't worth 20k

>> No.14164553

>>14164433
>>14164471
>>14164509

please tell how,, you locked your btc at 19k now who wants to buy it?

>> No.14164569

>>14164433
>>14164471
>>14164509
>>14164513

Shut up faggots, you know the rule about newfags and price locking.

>> No.14164573

>>14164553

Are you a moron??
T. Locked since 18k

>> No.14164580

>>14164553
protip- no one

>> No.14164587
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14164587

>>14164521
>>14164553
where do these newfags come from all of a sudden frens?

>> No.14164588
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14164588

>>14164553
hahahaha

>> No.14164599

>>14164573
best bait ever on biz price locking lmfao

>> No.14164613
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14164613

>>14164411
>>14164433
Nobody could be this dumb.

>> No.14164636

>>14164573
go on sell your btc for that price then i want to see the order

>> No.14164672
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14164672

>>14164613
>>14164636
the absolute state of no-lockers

>> No.14164679

>>14164636
oh you going to say you can't because to unlock it has to go back to 18k? hahahhahahaha

>> No.14164706

Trade on Idex you retards, you can keep all your stuff in cold storage during the whole process

>> No.14164735

>>14164411
you just answered your own question, faggot. if you use cold storage, you can lock in the price.
god damn summerfags

>> No.14165525
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14165525

i know price locking is a meme though, there's literally no way for that to work

>> No.14165574

>>14164735
>he bought the "lock in" meme
Locking in the price is just selling your token for Tether and making the display still translate it to your old coin amount at your old coin value. If it pumps you will not get your coins back.

>> No.14165616

>>14164411
Unless you have it on your wallet, it's not your money. Remember.

>> No.14165622

Holy shit /biz/ is unironically retarded

>> No.14165716

>>14165616
>>14164411
By the way it also applies to fiat money. Unless there is cash in your wallet you have 0 money. Numbers on your bank account are not money, these are obligations.

>> No.14165724

>>14164464
u wot m8

>> No.14166114

>>14164411
If you keep your coins on an exchange, it's not your coins, it's theirs. They can do whatever the fuck they want with them, and there is nothing you can do to stop them.

That is why keeping your coins on an exchange is a bad idea.

>> No.14166222

>>14165622
i know right, never would have thought there's so many retards roaming this board that don't know how to correctly use the price lock function of their trezor. or maybe they just don't own a trezor but that's equally retarded

>> No.14166328

>>14166222
How new to you have to be to not get the price locking meme