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52403729 No.52403729 [Reply] [Original]

>locked in my BTC at $68.6k on my Trezor

Who else locked their in coins at the top?

>> No.52403758
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52403758

>>52403729
locked my digibyte at 15 cents
feels bad for the plebs who didn't!

>> No.52403761
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52403761

based. i locked 1btc at 51k. going to unlock around 9k and buy 5.6 btc. can't wait

>> No.52403804

>>52403758
WE ARE THE DIGIMARINES

AND WE WE NOT FUCKING SELLING!

>> No.52404019

>>52403729
What does locking at a price mean? Sorry but im a retard that doesnt own a trezor

>> No.52404099

>>52404019
Garloids

>> No.52404140

>>52404019
Seems like it's some sort of put option, i.e. a contract that gives the holder the right to sell at a certain price at a certain date.

>> No.52404175

>>52404140
>implying they have the money to pay people out

>> No.52404201

>>52404140
>Seems like
>Sort of
Go back

>> No.52404235
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52404235

>>52404140
But what happens when say you upload the trezor to a software wallet? Does it revert to the current price? Or is the idea to NEVER reconnect it unless its approaching or surpassing the cold wallets price? I too am retraded so I appreciate the info.

>> No.52404262
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52404262

>>52403729
I accidentally bought bitcoins locked at $8k. Fuck everyone who locks bitcoins.

>> No.52404410

>>52404235
wait until it is twice your locked price which triggers a coin split (i.e. your coin total doubles)

>> No.52404463
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52404463

>>52404235
>retraded

>> No.52404483

>>52404410
Why do you guys do this to the newfags

>> No.52404493

>>52404410
Actually, that only happens if the RSI is at a intraday high

>> No.52404496

>>52403729
>Who else locked their in coins at the top
missed the top but was able to lock at ~45k so not so bad looking at the current USD valuation

>> No.52404531

>>52404483
it’s not even newfaggotry it’s straight up being retarded. zero idea of how the world works, let alone blockchain or trading

>> No.52404576

>>52404483
There are real life crypto mechanisms that are more retarded than these shitposts

>> No.52404903

you faggots convinced me to lock them when the price dumped to 15k REEEEE
should I unlock and rebuy higher or will it dump again?

>> No.52405047

Extreme unfunny and low IQ meme

>> No.52405053

>>52404463
I tend to get passed around :3

>> No.52405078

>>52404531

No, you’re just a grouchy bitch. I’ve been in crypto for a while and know how to back up keys so never used a hardware wallet and don’t know what “locking” of some crypto toy is.

>> No.52405230

>>52405078
It’s a meme anon, no such thing as locking a price in. Don’t be retraded

>> No.52405266

>>52405078
Literal rerard

>> No.52405295

>>52404201
They aren't wrong.

>> No.52405307

>>52405047
not a lockument

>> No.52405340

>>52404531
I read faggots like this acting superior about their fake internet tokens and immediately disregard crypto for the next year

>> No.52405381

>>52404576
Well that's fucking inarguable.

>> No.52405610

so hey serious question and I wants a serious answer, if OP unlocks his tokens and sells them would he get the price of $68681 per bitcoin? Or would he get the today$ price of bitcoin?

>> No.52405627

>>52403729
Just moved 10000 BUSD onto binance for trading!

>> No.52405704
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52405704

>>52405610
it takes a few days to sell after coming out of cold storage. Most of that time is spent peeing.

>> No.52405756
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52405756

>>52405610

>> No.52405889

>>52405610

If he locked Bitcoins he has bitcoins and they sell at today value.

Unless there is some far fetched shenanigan involved that's how it works.

Since the tool is not online it has no idea what the prices today are.

>> No.52406266

>>52405889
>what the prices today
The price is whatever someone is willing to pay for it. Just need to find a buyer who has been locked in for the last year. Look in the news for people coming out of long comas, they are also a bit groggy so they're less willing to ask questions.

>> No.52406729

>>52403729
How do I unlock on ledger if I initially locked on Trezor then imported the seed phrase into ledger?

>> No.52406789

Why do retards act like locking is ANY different than selling. Stupid fucking niggers. Not buying your dumb gay wallet shill.

>> No.52407580

>>52403729
Wow, I had no idea that that is how crypto worked. You can just lock its value. Wow. It breaks all the rules but, wow.

>> No.52407623

>>52403729
Lol no one is going to give you 60k for something that is worth 16k, dumbass.

Go ahead, try to redeem even a fraction of it. Lol

>> No.52407760
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52407760

>>52403729
for the newfags who don't know, this guy is trolling - the only way you can lock bitcoin in at that price is if they were wrapped first, otherwise someone could have simply claimed his unclaimed and unwrapped bitcoin.

>> No.52407789

I personally prefer to comb the blockchain for lost bitcoins

>> No.52407834

>>52403729
I also locked mine around 60k lmao been selling them casually through out this bear market and buying up cheapies. Lol why doesn't everyone do this??

>> No.52407840

>>52404531
Bruh, that’s why anon is asking. To learn. Who pissed in your fruit loops?
>that captcha

>> No.52407858
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52407858

>>52407840
Guess I’m retarded too

>> No.52407871

I bought a Trezor awhile ago but I haven’t actually used it yet. Is now the time to use it?

>> No.52407887

>>52403729
So who are you selling it to at that price? I dont get it

>> No.52407896

>>52403729
>not downloading your coins to a paper wallet
Ngmi

>> No.52407913

>>52403758
BASED.
I still have some of this shit on my ledger from the 17 bull run.

>> No.52409558

>>52407896
yeah for me? its paper any kind but mostly the back of envelopes
sometimes a torn pizza box

>> No.52409808
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52409808

>>52403729

Locked in to a price that no one would pay for.

>> No.52409880

>>52409808
exactly
only a retard would believe that 'locking in' means anything tangible

>> No.52409945

There's wrapping, locking and leveraging crypto.

Wrapping is when you use one token to "wrap" another, potentially multiplying their worth, but with the risk of the wrapped token explosively reducing in size if the wrapping fails. Some people wrapped their tokens for a long time and they diminished in value and once unwrapped they were worth much less. Note : the token you use to wrap the other token is destroyed during the unwrapping.

Locking a token means you kind of place it in stasis, the value of it is permanently fixed to a certain price. This can be good as you can potentially lock a token at its all time high, but if the token later grows in value even more, your locked tokens will be left inside. This is commonly used with cold wallets since they are taken out of circulation and do not interact with the block chain anymore.

Leveraging a token is like placing a bet. You send your token to a third party as a wager that a token will increase or decrease in value, usually in a set time period. Depending on the result of the wager you get the token back if you win with more of the same token by a certain multiplier, but if you lost the wager your token is lost forever. It's essentially gambling and you have to be online and connected to an online wallet to do this.

>> No.52410182

>>52409945
It’s amazing that losing money is so easy! Thanks anon!

>> No.52410649
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52410649

>>52409945
That someone typed all of this out to help our new friends understand crypto gives me the biggest smile on my face

>> No.52410769

>>52409945
I apprececate yoour effprts, Thank You, it is So Difficult being retarded like me

>> No.52411465

>>52403729
Man the Trezor wallet really is ugly, but at least they didn't leak customer info

>> No.52411614

>>52409808
you don't understand locking

>> No.52411829

>>52410649
literally the only time in my entire life ive seen a gun and thought 'ok this is epic'
t. euro