/biz/ - Business & Finance

>hurr durr lets troll biz with some stale-ass memes
>hurr 10/10 bait

>>7148927
>absolute state of no-lockers

>>7148882
>locked in my BTC prices before the crash
>halfway throughout the crash

>>7148882

>locked in at $4k in august
>forgot my PIN
end me

>>7148882
only faggots who can't trade lock in

can someone explain this locking shit?
i don't believe this actually works

>>7149010
it's like futures or margin trading, you have to be a fucking brainlet not to understand it

>>7149010
don't bother, with trezor you have to lock for 12 months. if it moons you won't be able to sell

>not locking your btc
It's 2018 for Gods sake!

>>7149010
catapult contracts enable trezor to do this

so essentially, locking in is beneficial for someone who plans on sitting on his bitcoin for 5-10 maybe even 20 years?

>>7148882
Wait so does this mean the device doesn't let you withdraw until the price goes above 13681.17?

>>7149251
>locking in the price on long term holds of a deflationary currency
no, it's more for shorter term stuff.

>>7149278
its some timelock multisig bs, im sure the blockstream jews are responsible for this faggotry

>>7149010
Imaging being a cuck and having your dick locked up, then watching porn from the sidelines while everyone else around you is fucking and releasing their jizz in elation.

Now image that lock is a Trezor, your dick is BTC and everyone else is enjoying the moons while you cucked yourself for a contracted amount of time.

Wait so your able to just lock in the price? Then why wouldnt anyone take a payday loan out and buy all the btc u could and lock the price? Next time theres a dip sell it at the price u locked in for and you make profit.

Jesus fucking Christ this is the absolute state of /biz/

Should of locked in at 17k you worthless piece of shit

>>7148986
i did better

>>7148882
Yee I've been locked in since 14K Bruh! I'm rich AF rn

>>7149417
its like retirement but without viagra.

>>7149491
exactly, now you get it

>>7149667
Thanks do you reccomened trezor or can the nano ledger also lock prices?

>>7149611
jelly as fuck you lucky bastard

>>7149491
because there won't be a dip, btc will go up and you will lose money? It's only good if you know btc price will go down

I'll bite.

The amount of BTC is what's being locked, not the price.

>im very smart

>>7148927

>mfw some retards actually fall for this shit-tier meme

>>7149782
both can do it, but i prefer the locking smart contract and UI on the trezor

>>7149835
>>7149836
Wait is this legit or some stupid meme? I mean either way I guess I need a hardware wallet.

Super dupy insider info

I day trade with my trezor. Lock in the price before the dip, unlock when the price rises.

>>7149878
it's legit, it's like the tether FUD, whales don't want you to profit from bear market because you won't sell and they won't make a profit

Oh my fucking god this gets my sides to saturn every goddamn time, how shallow can I be.

>>7149878
found the retard

>>7149010
be careful, you can miss out on gains

>>7149491
Because everyone doesnt have a Trezor Duh

>people still use tether instead of locking

>>7149634

So you're one of the lucky few to have actually received one from the Shit token company known as SALT

>>7149878
ITS A FUCKING MEME

OBVIOUSLY

you think just because you have a hardware wallet you can "lock in the price" and be immune to market fluctuations? lmao

>>7149251
so essentially, locking in bitcoin is beneficial for someone who plans on never cashing out his bitcoin?

Are these things even trustworthy? No, I am not talking about the locking meme, but storing BTC in a hardware made by someone else specifically for this.

>>7150191
>>7149878
>>7149782
>>7149491
>>7149278
>>7149010

>>7149611
goddamn that's a sick lock... jealous i didnt hit one like that ffs

>>7150119
this lmao. /biz/ is full of gullible brainlets, it’s no wonder why pajeets successfully shill their shit scam coins

>>7150191
no, its like a pull/put option or a futures contract. if you think it will fall you lock it in. try not to lock at the bottom as you wont be able to profit from the rise in price.

>>7149491
>They know about locking

>>7148882
Can someone please explain to me how to lock in a price?

>>7150546

see >>7150250

>>7150075
Yeee it costed me like $15 because I bought SALT at $3 lmao

>>7150345
I dont think you understood me. Locking in basically means you can't sell until something reaches a certain price. Therefore, locking in BTC at that price, he would never be able to sell, since its going down to 5k and will never get any higher.

>>7150250
MY GOD THERE ALL FUCKING IDIOTS
it really is time to sell....

>>7150345
or at least thats what I thought. Correct me if I;m wrong.

why hasn't anyone thought of this???

>charge people money to send you their coins so you can "lock in" the price for them

/biz/ness opportunity!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>7150650
yep

>>7150731
Dr. Thrax a shit, China numba 1

>>7150609
you dont get it. the trezor puts your BTC into a quantum state smart contract that executes complex put call options in real time, there's a fee attached and a time lock, but you can sell your coins at a predetermined time for the locked in price. its an undocumented feature so you wont find it in the docs. but there are some good youtube guides. be careful because there are a lot of scammers though.

>>7150546
>>7150119

you guys don't get it...

when you lock in the price Trezor buys and holds that same quantity of coin on your behalf in their own cold wallet. You then pay a premium fee of either 0.1% per day and can unlock at any time, or 4% flat and the price is locked for 6 months with an option for an additional 6 month extension (requires another premium fee)

You're basically paying a fee to lock the price, gambling that it doesn't go UP. If you lock at $18k for 6 months then BTC moons to $50k, guess what? you're fucked! Trezor would sell the coins at $50k, credit you for the $18k, and delete the relevant balance from your Trezor wallet.

Where the fuck have you guys been? This has been a thing for well over two years now