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/biz/ - Business & Finance

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25372379 No.25372379 [Reply] [Original]

Stupid question but can your crypto in your wallet still go up like if you had it in a exchange? Or does it have to be in a exchange to go up or down?

>> No.25372453

>>25372379

bruh what?

You realize when your coin "goes up" that's an estimate of what it will give you when you sell it right?

you can store the coins in a fucking storm drain and if they're worth 100x more on an exchange move them there and sell them. Is this a troll post?

>> No.25372480

>>25372379
You can "LOCK" your price, when you move it off the exchange. That's how I have ChainLink locked at $20 right now.

>> No.25372482

>>25372379
You buy an apple from a shop for $2 and put it in the fridge so it doesn't spoil. The shop then starts selling apples for $1.50. What do you think has just happened to the value of your apple?

>> No.25372485

i'm selling fucking everything

>> No.25372505

I guess while on the topics of wallets, what do you all use or recommend?

>> No.25372519

>>25372480
Yeah, my ledger has a lock mechanism on it, and I managed to lock in my OMG at $16

>> No.25372526
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25372526

>he actually, genuinely does not have a fundamental grasp on how free markets work
have a rat anyway

>> No.25372531

>>25372379
this is a sell signal

everybody should liquidate their positions

holy fuck

>> No.25372552

>>25372482

I don't like apples though.

>> No.25372598

>>25372480
What does this mean? Please explain for an idiot what locking your price in means. I mean, if you want to sell your alleged 20.00 link you’ll have to move it to n exchange.

>> No.25372625

>>25372379
>>25372598
Holy shit they’re here guys. SELL EVERYTHING NOW

>> No.25372646

>>25372519
Godlike, my dude!

>>25372598
Nah, actually, after the recent update, I can sell Link directly from my wallet. I'm just a bit lazy right now.

>> No.25372657

>>25372379
KEK

>> No.25372667
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25372667

>>25372379
>>25372598

>> No.25372717

>>25372379
I just bought my first bitcoin on robinhood, but I plan on holding it for a long time. How do I put it in a wallet (and just generally can you explain how a wallet works)?

>> No.25372733

>>25372379
Guys
This is a troll post to make you think “THE NORMANS ARE HERE”

It’s an attempt to get you to sell

>> No.25372749

guys i tried to lock my monero but the wallet said "Cant lock an unknown amount", please help

>> No.25372817

>>25372379
if you store it in the fridge (even better the freezer but I dont have much room in mine) it goes up much faster. this is called cold storage

>> No.25373208

>>25372717
It's basically like a portable storage device which you "store" your bitcoin on (technically, the private key). I don't think robin hood allows you to withdraw your bitcoin to something like a software/hardware wallet, so a wallet wouldn't be of use to you.

>> No.25373237
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25373237

>>25372480

>> No.25373309

>>25373208
That’s it? Sounds like robinhood already IS a wallet, what’s the point?

>> No.25373423

>>25373309
I think they are intending to eventually allow people to withdraw them to wallets, but think of it like this: imagine you went to a gold bullion dealer and exchanged cash for some bars, which you also then store in the bullion dealer's vault. However, the bullion dealer doesn't allow you to ever take that gold out for you to use it or transfer it to somewhere else. The bullion dealer will only give you the current market value in cash for the gold you bought.

That's the situation you're in when you buy with something like robin hood.

>> No.25373575

>>25373423
I think I understand the analogy, but you can’t use bitcoins for anything yet so why are people so obsessed with printing them out and carrying them?

>> No.25373681

>>25373575
Because of transaction time and transaction costs. That's a whole other issue, which goes into things like "multi layer solutions"/lightning network, block size, "multisignature", and all the forks and shit that have happened, along with the US not exactly liking the idea of something replacing the dollar. Don't worry, just buy and hold through robin hood for now.

>> No.25373724

>>25372379
WAT.

SIR.

Glitch is public up number sale in 1/11 you go nao but Bleeeep (redacted) GLITCH GLITCH

BZZZBAKJCCKCKCCCCHHKSHSSKJ

SSSSHHKKK

....

glitch.

>> No.25373728

>>25372505
I use blockchain.com's wallet. It doesn't really matter as long as you own your private key.