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

/biz/ - Business & Finance

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23511928 No.23511928 [Reply] [Original]

A bunch of bobos convinced me to pricelock my BTC at 8k. how do I unpricelock it? the price is higher and I want to sell.

>> No.23511962

Post yfw you will never have access to your 8 btc ever again

>> No.23511986

>>23511928
you can't unlock unless the price goes below 8794.42

>> No.23512008

>>23511928
You’re screwed

>> No.23512010

someone explain for a newfriend pls

>> No.23512038

>>23511962
>>23511986
>>23512008
could I use my 24 words to recover my wallet?

please help i need the money to buy a house

>> No.23512182

>>23512010
trezor gives you the option to pricelock your crypto to prevent you from selling too early. I have never heard of someone stupid enough to lock it for thousands of dollars less than the current price but this is /biz/ after all.

>> No.23512229
File: 341 KB, 799x628, 1547116724382-1.png [View same] [iqdb] [saucenao] [google]
23512229

>>23512182
But you must be able to unlock it?

>> No.23512276

i will delete this post in 10 minutes so act fast. you can unlock your btc if you create a new adress on blockchain.info and then send your 8000$ btc there. now, from there send the btc to kucoin, they dont know the difference between locked btc and unlocked btc, so you withdraw, pay a small fee but get unlocked 13k btc back. you cant send it from your trezor tho

>> No.23512283

>>23512229
No. 8 BTC that will never move again. Good job OP, should’ve just sent it to an 0x address.
What was even the point of locking it at such a low price? So you could sell low and buy high? Kek

>> No.23512293
File: 196 KB, 640x460, B353A0FB-3CF0-4D7A-A2C2-CC406BD2984A.jpg [View same] [iqdb] [saucenao] [google]
23512293

>>23512229
>he thinks you can unlock it

>> No.23512312

>>23511928
Bro... RIP

>> No.23512313
File: 538 KB, 912x772, 1599333864695.jpg [View same] [iqdb] [saucenao] [google]
23512313

BTC will NEVER go below 8,795 dollars again.

>> No.23512346

>>23512283
>>23512293
Thats a pretty retarded feature

>> No.23512376
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23512376

>>23511928
I locked link at $20

>> No.23512395

>>23512346
I can't believe someone thought it was a good idea to make it a feature lmao

>> No.23512398

>>23511928
I miss this meme

>> No.23512469

>>23511928
wait i dont know much about hardware wallets, but are you saying the price has to go back to 8794.42 USD for it to unlock? is this really how its designed

>> No.23512502

>>23512469
Yep

>> No.23512526

>>23512502
HAHAHHAHHHA WHO WOULD USE THIS

>> No.23512541

>>23512502
I fucking hate it so much. I locked 142 BTC at $250 some years back and I'll never be able to sell them

>> No.23512547

I don't understand why anyone would remove their freedom to use their BTC. WTF?

>> No.23512554

>>23512038
Yes you can. Of course it'll still be locked after recovering.

>> No.23512562

>>23512526
it would have been genius if btc crashed to 3k after I locked it.

could have tripled my btc stack

>> No.23512567

>>23512541
How are you even alive still?

>> No.23512568

>>23511928
i will delete this post in 10 minutes so act fast. you can unlock your btc if you create a new adress on blockchain.info and then send your 8000$ btc there. now, from there send the btc to kucoin, they dont know the difference between locked btc and unlocked btc, so you withdraw, pay a small fee but get unlocked 13k btc back. you cant send it from your trezor tho

>> No.23512572

>>23512010
OP is an actual retard who will miss the GBR because BTC is going to 50k and the "low point" will be 20k after the end of the GBR. RIP dumb dumb.

>> No.23512580

>>23512541
Yea I know how you feel. I locked 99,999 Bitcoin at $22,000 and I’m kinda pissed :/

>> No.23512593

>>23512276
It's been 16 minutes

>> No.23512598

>>23512562
If we're being honest, 8800 is shitty but we'll definitely go below it in the future. You'll miss this bullrun in all likelyhood, unless we have a massive correction prior to mooning, but at least you will get it back eventually

>> No.23512605

its a nice feature when only used correctly. supposed to set at 100k not 8.7k you retard

>> No.23512610

Stupid niggers, the point of locking is that you can sell when the price is *above* the lock-in price, right now it is above, so OP should be able to sell. LARP confirmed.

>> No.23512611
File: 344 KB, 547x556, 1601195630550.png [View same] [iqdb] [saucenao] [google]
23512611

>>23512541
I got second hand depression from this post. You could have fucking made it, if not for you being a retard. Why did you do this to yourself? To me?

>> No.23512664

>>23511928

you are a retard if you didnt know how to properly use the trezor lock function, altrough I think supprot can assit you, contact trezor and if they dont help sue them with a kleros court

>> No.23512746

>>23512562
That's literally not how it works. It's simply locked until a set price to prevent weak hands. It's a fucking retarded feature and there not being an override is a literal scam.

>> No.23512748

I don’t get the logic in locking it so you can only access and sell it at a lower price. Wouldn’t you want it locked below a certain price to prevent panic selling or selling early?

>> No.23512811

>>23512276
>>23512568
help my trezor wont let me send to the wallet

>> No.23512820

>have btc locked in at 19k
>dont have enough money to pay the 7 months in monthly derivative's price lock exchange contracts that i owe
>btc is locked forever until i can gather 4.5k and growing

>> No.23512834

>>23512038
Rule 1: never invest more money than you can afford to lose

>> No.23512879

so, this is a larp thread, right?
no one would lock a token below the actual price. what benefit would you have?

>> No.23512892

>>23511928
there should be an option in the trezor menu somewhere. once you unlock it it will shoot up to 13k really fast, like an inflated ball let go under water. no worries :^)

>> No.23512935
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23512935

>>23512892
shh don't tell him

>> No.23512956

>>23512526
it asks you like 50 times if you are sure that what you are doing is what you actually want to do

op is the kind of guy that would delete system32 and then be surprised when his pc stops working

>> No.23513001

I don't get it. You lock 8 BTC at a specific price. Isn't it designed to prevent you from selling them while the price is lower than the locked price, so you don't lose money due to panic? So if the price is higher, it unlocks? How is it the opposite?

>> No.23513028

>>23512182
i dont get it. Shouldnt it be $8k or higher?

>> No.23513048

maybe you could email trezor support to unlock it for you?

>> No.23513074

>>23513001
because it's locked only at that price retard, you can't have it both locked when you want and unlocked when you want

>> No.23513122

>>23512879
Mainly tax reasons.

OP, if you haven’t downloaded the latest firmware update there might still be hope. Try entering your PIN backwards and it should prompt you to disable the pricelock. Unfortunately this feature was removed in the 2.3.4 update on October 7, so if you installed that you’re pretty much fucked.

>> No.23513135

>BitCucked

>> No.23513164

>>23513122
>Try entering your PIN backwards and it should prompt you to disable the pricelock. Unfortunately this feature was removed in the 2.3.4 update on October 7
It still works but you have to open the trezor and short a pin to the ground. I had the picture somewhere

>> No.23513192

Why?

>> No.23513195

>>23513122
thanks, I was able to cash out 4 BTC with this before my trezor crashed. now i cant turn it on but I sold on kucoin at 13k.

anyone know how to recover the rest of the btc?

>> No.23513227

>>23512526
OP

>> No.23513270

im going to buy an old trezor on ebay that doesn't have the update. hopefully kucoin doesnt find out, but if they do, i can probably sell it to some retard who doesn't know how to check for locked bitcoins.

>> No.23513294

>>23512820
How many btc? Look for some service that will use your locked btc as collateral? I’m not sure if that will work though. Wrapped and price-locked btc can move right? Someone probably knows better than me.

>> No.23513298

wtf is lock? I just found this thread and I'm fucking ?????????
what is a lock? doesn't trezor give you a BIP seed?
i know bitcoin has a timelock feature, but that has nothing to do with price?????
what the fuck is this biz is this just an elaborate larp? why wouldn't anon be able to import his seed anywhere else and see his btc safe and sound

>> No.23513300
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23513300

OP you thought when you locked them at that price you could sell them for that price after the price dropped to 3k?

>> No.23513360

>>23513298
its a function only trezor wallets have

>> No.23513380

Damn dude this bait is back?

>> No.23513381

>>23513360
i see, yeah seems youre fucked anon, shoulda bought a ledger i guess

>> No.23513388

>>23513298
is this a larp?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

>> No.23513400
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23513400

Fucking quitting /biz/ after this.

I don't know if the autism is stronger in the newfags that are stupid enough to believe in this shopped pasta shit or with the ones who realize it and larp along with it.

You, yes, you reading this, you are a FUCKING PIECE OF SHIT. Get a grip. Jesus. No wonder you roleplayin' poorfags are still falling for pajeet scam shit.

>> No.23513432

>>23513400
the fact you think anons here aren't larping makes you the biggest retard here faggot.

>> No.23513514
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23513514

>>23513164
short this two

>> No.23513711
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23513711

I'm pretty new to crypto and all that, never really visit biz much. I honestly have no idea who's jewing who in this thread. I don't have a Trezor I'll just stick to coinbase thanks.

>> No.23513762

Why isn't the lock feature more talked about? Can ledger lock or is this only a Trezor thing?

>> No.23513915

I felt like an idiot locking mine at 16k when the run happened to 20k, I kept it locked at that price through the whole dump though so felt great a year later. You will be okay OP just pray for a dump

>> No.23513942

>>23511928
Your only recourse is to hunt down whoever put the lock function in Trezor wallets... and read them Ezekiel 25:17.

>> No.23514024

>>23511928
i will delete this post in 10 minutes so act fast. you can unlock your btc if you create a new adress on blockchain.info and then send your 8000$ btc there. now, from there send the btc to kucoin, they dont know the difference between locked btc and unlocked btc, so you withdraw, pay a small fee but get unlocked 13k btc back. you cant send it from your trezor tho

>> No.23514197

anyone saying they locked their prices at over 13k is lying, chainlink mainnet wasn't up back then that's what enables the pricelock feature

>> No.23514691
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23514691

>>23511928
I’ve wondered how this worked, but wondered more about why the fuck - what the fuck the point is in it and who the fuck would ever use it.

>> No.23514750

>>23513514
you do it first anon haha

>> No.23514767

anyone tried connecting their trezor to a fingerbox? i heard it makes the unlocking process easier by fingerprint scan from your fingerbox

>> No.23514872

>>23511928
Get fkn rekted fucking nigger bear

>> No.23515697

so this is a larp?

>> No.23515784

All these newfags who didn't know about price locking aka weren't here in January of 2018. Is this bullish or bearish for crypto overall? I think it's incredibly bullish. This is the dumb money that will chase the GBR all the way to 250k/BTC and 1k/link.

>> No.23516260

>>23515697
Nah 100% real I do this all the time and now I have $700k

>> No.23516408

>>23512541
see >>23512276
Also you might be able to contact the trezor support and get them to help you. I hope this works for you anon

>> No.23516464
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23516464

>>23511928
>A bunch of bobos convinced me

>> No.23516526

Holy shit all of these newfags ITT.

>> No.23516683

>>23511928
Ah yes, the "watch your kidnappers kill your family because you can't move your btc and they don't believe you"
Feature

>> No.23517716

>>23513388
It's pretty basic trezor hw wallet functionality