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Anonymous Tue Aug 16 04:58:55 2022 No.50930957 [Reply] [Original]

Newfags will never know how comfy it feels to be able to still sell at this price.

>>	Anonymous Tue Aug 16 05:00:06 2022 No.50930970 Based. Locked my BTC at 64K.

>>	Anonymous Tue Aug 16 05:01:03 2022 No.50930978 File: 103 KB, 1466x1466, accident.jpg [View same] [iqdb] [saucenao] [google] >>50930957 oops sorry anon

>>	Anonymous Tue Aug 16 05:01:36 2022 No.50930988 >>50930970 Congrats anon, I managed to lock just before we started dumping.

>>	Anonymous Tue Aug 16 05:03:32 2022 No.50931001 Better remember to unlock when it’s about to go pass $68k

>>	Anonymous Tue Aug 16 05:04:09 2022 No.50931011 just bought my second trezor (T model) so I don't have to touch my old one locked at 55k best decision of my life

>>	Anonymous Tue Aug 16 05:04:42 2022 No.50931019 >>50930957 Is this a meme? What is locking

>>	Anonymous Tue Aug 16 05:05:12 2022 No.50931024 >>50931001 Yeah I've got price alerts set so this doesn't happen. Almost got rekt because of this last bullrun kek.

>>	Anonymous Tue Aug 16 05:07:42 2022 No.50931045 >>50931019 No it's not a meme. Locking via a hardware wallet, in this case a trezor, basically means you've locked your BTC to the current price. It is dangerous though when it pumps hard, your BTC can be left being worth less than the current price.

>>	Pls helb me biz Tue Aug 16 05:11:14 2022 No.50931080 bros i'm in a really tough spot, i locked my bitcoin in at $18k thinking we were gonna go to $10k. how do i unlock my bitcoin or am i fucked? please help bros i don't think it's going back down

>>	Anonymous Tue Aug 16 05:12:36 2022 No.50931094 >>50931045 So it's not btc but tether?

>>	Anonymous Tue Aug 16 05:13:54 2022 No.50931106 >>50931094 It's still BTC, you haven't traded it for another coin, just price locked.

Anonymous Tue Aug 16 05:15:01 2022 No.50931112
File: 79 KB, 468x895, 1647861833838.jpg [View same] [iqdb] [saucenao] [google]

>>50931045
So it's literally just a sell order but you don't get to use the liquidity? You're giving out an indefinite loan to a company that can declare bankruptcy at any time for 0% APY? Am I understanding this right?

>>	Anonymous Tue Aug 16 05:15:08 2022 No.50931115 >>50931106 Who pays 68k for your locked btc when it's 20k? Never heard of this I feel like I'm being memed here

>>	Anonymous Tue Aug 16 05:16:30 2022 No.50931129 >>50931106 Can you sell it now? Why not?whats the function behind this.

>>	Anonymous Tue Aug 16 05:17:33 2022 No.50931139 >>50931080 Damn anon, but why would you lock at 18k? Not worth the risk when we were that volatile desu

>>	Anonymous Tue Aug 16 05:17:49 2022 No.50931143 Kek

>>	Anonymous Tue Aug 16 05:18:44 2022 No.50931153 I locked in a 50 spot with a niner on the backside. Fucking juiced.

Anonymous Tue Aug 16 05:18:45 2022 No.50931154

>>50931094
Based Big Brain ID
They are trolling you there's no such thing as blocking BTC at certain price in a hardware wallet, just as there's no such things as garloids. This is a shit thread just as "what are the financial implications of [retarded situation], pajeeet scams, and snail posting threads

>>	Anonymous Tue Aug 16 05:19:41 2022 No.50931161 >>50930957 U have been warned! Sell off before end of month.

>>	Anonymous Tue Aug 16 05:20:14 2022 No.50931163 >>50931080 kek unlock it now so when we pump to $30k you can at least ride that so your btc are worth $24k then lock it there and wait until we dump again to unlock

>>	Anonymous Tue Aug 16 05:20:22 2022 No.50931165 >>50931112 Yup.

>>	Anonymous Tue Aug 16 05:21:55 2022 No.50931172 >>50931154 Cope and seethe. You're just jealous you weren't able to lock so you're fudding it for other anons.

>>	Anonymous Tue Aug 16 05:24:18 2022 No.50931192 >>50931154 Kek my id. Anyway is this considered funny for pajeet Street shitters?

>>	Anonymous Tue Aug 16 05:30:57 2022 No.50931250 File: 232 KB, 624x596, 1650984372509.jpg [View same] [iqdb] [saucenao] [google] How does that work? Who will pay for the difference if unlocked now? Explain, thank you.

>>	Anonymous Tue Aug 16 05:31:12 2022 No.50931252 >>50931112 precisely

>>	Pls helb me biz Tue Aug 16 05:36:24 2022 No.50931290 >>50931139 i panicked. i really believed $10-12k was imminent. >>50931163 fuck, if i unlock it now it will probably just dump on me again. i fucking regret ever locking this is hell.

>>	Pls helb me biz Tue Aug 16 05:39:51 2022 No.50931317 >>50931112 yea dont do it man i totally fucked myself over with this shit

>>	Anonymous Tue Aug 16 05:40:25 2022 No.50931322 Is locking same as taking a screenshot of your account, printing it, taping the print to the screen and then lean back and relax? But once you peak behind it (unlock) you are right back at the market price? Explain, damned it!

>>	Anonymous Tue Aug 16 05:40:57 2022 No.50931325 >>50931250 He's trolling you.

>>	Anonymous Tue Aug 16 05:42:54 2022 No.50931342 File: 47 KB, 720x871, 1656291391021.jpg [View same] [iqdb] [saucenao] [google] >>50931325 This... This is not a safe space for frena...?

>>	Anonymous Tue Aug 16 05:43:11 2022 No.50931343 >>50931325 stop gatekeeping faggot >>50931250 you can use the trezor smart contract to lock a price similar to an options contract in tradfi

>>	Anonymous Tue Aug 16 05:45:15 2022 No.50931356 >>50931343 But who is on the other side of that contract, who will pay the difference if unlocked?

Anonymous Tue Aug 16 05:47:16 2022 No.50931375

>>50931322
No it's due to the nature of hardware wallets. Because they're offline, when you lock it the value worth of BTC doesn't actually update/change. It holds the value at a constant.

If you have a hard time understanding just thing of it as somewhat similar to a peg, but not really.

>>	Anonymous Tue Aug 16 05:48:48 2022 No.50931388 >>50931356 dude i cbf explaining go research urself

>>	Anonymous Tue Aug 16 05:49:26 2022 No.50931397 >>50931342 Welcome to 4Chins

>>	Anonymous Tue Aug 16 05:51:04 2022 No.50931405 >>50930978 /thread On an unrelated note, had a friend who raged about this 8 years ago and then promptly lost his.

>>	Anonymous Tue Aug 16 05:51:29 2022 No.50931409 Sell to who at that price? Exactly

>>	Anonymous Tue Aug 16 05:52:27 2022 No.50931416 >>50931409 The locking contract. You really think a physical person would be willing to buy at that price now? Kek

>>	Anonymous Tue Aug 16 06:18:35 2022 No.50931625 >>50931343 This is just mean.

>>	Anonymous Tue Aug 16 06:20:07 2022 No.50931634 >>50931342 Love this one.

>>	Anonymous Tue Aug 16 07:08:00 2022 No.50931916 >>50931250 It's called a short.

>>	Anonymous Tue Aug 16 07:32:57 2022 No.50932067 >all these newfags falling for this shit Lmao

Anonymous Tue Aug 16 07:33:48 2022 No.50932073

>>50931250
If you lock in at say, 60k, and someone else has locked in at say 30k, that creates a sort of virtual market in which, when these coins are unlocked, the exchange/market simplifies the arbitrage so they effectively cancel one another out, and each buyer/seller gets what they originally locked in at. The only downside is latency of transaction and it can often take time (sometimes up to 30 minutes) for an exchange to pair price unlocking arbitrage users. It's due to be upgraded in the next Bancor V4.0 release

>>	Anonymous Tue Aug 16 07:36:54 2022 No.50932085 >>50931112 yeah zoomers are retarded

>>	Anonymous Tue Aug 16 07:37:20 2022 No.50932088 >>50930957 I locked in at 4k, I fucked up so bad.

>>	Anonymous Tue Aug 16 07:39:53 2022 No.50932101 >>50930957 >he locked prepare the scamwick to 100k

>>	Anonymous Tue Aug 16 09:13:47 2022 No.50932670 >>50931080 And this children, is why we don't lock

>>	Anonymous Tue Aug 16 09:20:47 2022 No.50932713 >>50931115 >>50931129 It's a meme, you braindead zoomers.

>>	Anonymous Tue Aug 16 09:22:53 2022 No.50932729 >>50930957 Trent + Reznor = Trezor

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