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

/biz/ - Business & Finance

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6422683 No.6422683 [Reply] [Original]

*locks your price*

>> No.6422785

>>6422683
what happens if you lose this little thing?

>> No.6422880

>>6422785
24 word seed

>> No.6422917

>>6422785
you have a recovery sheet that will give you access to your wallet

>> No.6422957
File: 30 KB, 400x400, IMG_1079.jpg [View same] [iqdb] [saucenao] [google]
6422957

>locked in at 5k

I didnt unlock my fucking coins

>> No.6422978

>>6422683
thanks bought 100k

>> No.6423017

I locked 4 BTC at 19500$

>> No.6423105

>>6422683
What is this price locking meme? Value still goes up on hardware wallet

>> No.6423116

>>6423017
Is this possible? What is the point of locking a price?

>> No.6423167

>>6422917
i have one but i still don't understand this
does the usb stick constantly backup itself to some server?

>> No.6423194

>>6422785
Game over. get a job

>> No.6423248
File: 1014 KB, 1280x544, obvious.webm [View same] [iqdb] [saucenao] [google]
6423248

>>6423167
you know your coin is not kept on the hw wallet right?

>> No.6423280

>>6422683
These will be made by IBM. IBM stocks ganna boom with the crypto rise. ITC will have its on interface like this or some shit

>> No.6423373

Now is sold out..pre sale for march 21 but more expensive. Before 70usd now 11usd the same ledger nano s..is fuckin baguette

>> No.6424004

>>6423167
The coins are never physically on your PC or in your ledger.

Each block of the blockchain publicly displays which public address it belongs to. This address can only be changed by signing a transaction form with your private key.

All the ledger does is make it so your private key never has direct contact with the internet. The transaction form is sent to your ledger, signed there, and broadcasted whenever you make a transaction. That's all it does.

If the coins were actually on your computer and your computer went offline, the whole concept of a blockchain wouldn't work.
https://en.wikipedia.org/wiki/Blockchain

>> No.6424066
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6424066

>these Bogs not supported the meme
Can some anon plz provides the newfags with a quick rundown

>> No.6424079

>>6423116
you lock the coins in a quantum state. the price wont fluctuate when locked. its an undocumented feature, there are some guides on youtube but be careful a lot of scammers are out there.

>> No.6424114

>>6423373
Can someone interpret this for me please

>> No.6424160

>>6422683
*it doesn't lock price*

>> No.6424165

>>6423105
Someone posted in a ledger/wallet thread asking "why people dont move coins off the exchange to lock in the price"
Standard /biz/ intelligence

>> No.6424258

>>6423373
Looks like the price went down not up is what im getting out of this

>> No.6424325

>>6424079
But what is the point? Can you exchange it to fiat or to another crypto at that price?

>> No.6424405
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6424405

>>6424325
of course, price is locked in a smart contract
trezor does the same thing.

>> No.6424460

>>6424405
is this a new meme? this cant be true right?

>> No.6424466

>>6424405
how the fuck does that work, it makes no sense

how can you "lock" a price

you have the same amount of coins and the market is constantly changing

>> No.6424511

>>6424405
>smart contract

What? is BTC ETH now?

>> No.6424527

I can't believe you idiots are falling for this shit :DDDDDDDDDD

>> No.6424536

>>6424460
>>6424466
it's literally one of the most basic functions of these devices and you had no idea
this is why you'll never make money.

>> No.6424568

>>6424405
kek

>> No.6424576

>>6424511
newfags, for fucks sake, educate yourselves

>> No.6424579

>>6424466
Yeah, but people try to hedge the risk by locking the price. I'm pretty sure that's why btc has not been moving recently. Eventually people will begin to put their coins on the exchanges again.

>> No.6424586

>>6424405
It's a good feeling isn't it? Got my ledger the other day and locked all my coins in. Deleted all of my pink wojacks off HDD

>> No.6424596

>>6424536
explain what I said or you're clearly wrong

you can't lock in a price because the price is determined by supply/demand

>> No.6424606

>>6424405
fucking jelly, I was slow as fuck and only locked it in at around 17.8k...
are you getting your interest on the locked price? been giving me some sweet fucking gains in this sea of red

>> No.6424612

>>6424405

you lucky fuck, how do you know when to lock in like that?

>> No.6424639

>>6424536
i keep my coins on an exchange, so what. Maybe if I go beyond 50k I'll think about buying a ledger.

you're probably trolling but i'm not sure, baited

>> No.6424643
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6424643

Oh yes. I can see all the retards who will buy my bags at the ATH. This thread is unreal and I hope at least half of these dumb questions are larp.

>> No.6424651

>>6424596
the AI smart contract executes put or call options depending on market conditions so you price is always locked in. theres a fee attached but its still a great way to hedge risk.

>> No.6424662

>>6424596
>doesn't know about BTC Futures and ETFs
seriously dude why are you investing in something you don't really understand?

>> No.6424668

Holy shit I never knew there was this many retards on /biz/

This is truly incredible

>> No.6424686

>>6424639
Ledgers are less than a hundred bucks. why the fuck would you wait til 50k to get one?

>> No.6424707

>>6424596
Go look up how blockchain works. This is not the fucking stock market. Why do you think neo holders get gas. It is because they take the risk of not locking the price in cold storage.

>> No.6424718

>>6424643
>>6424668

seriously what the fuck. people throwing their money at things before actually knowing basic concepts like price locking. this is why we're in a total bubble, fuck.

>> No.6424739

>>6424643
>didn't lock in at ATH

i hope these newfags order their trezorsin time to lock in at ATH on your ass

COPE

>> No.6424754

>>6424686
because i want to be able to trade them without paying fees and waiting for tx confirmations

>> No.6424763

>>6424668
like everything here, 90% of what you are seeing is fake

>> No.6424778

>>6424739
Locking is fucking retarded. What if it goes up? Then you're left behind locked at the new 1w low.
>itt: newfags who just found out about locking

>> No.6424807

>>6424686
to be able to lock in the price when it's ATH at 50k dumbass

wtf the current state of /biz rn..

>> No.6424821

>these are the people giving me investment advice

>> No.6424838

Normalfags and literal brainlets, you're not gonna make it. Just get off here now before you get scammed by a shitcoin or pnd.

>> No.6424929

not sure if you guys are trolling or not, been on biz for only a year but now you got me.

my brain says you cant lock a price, but since i don't have any experience with cold storage i'll have to double check it

>> No.6424955

>>6424807
yeah except price locking isn't automatic you retard. you need to do it manually using the BIP32 path of the private key. so you can just keep your coins on the fucking Ledger or Trezor and be ready to lock it whenever it's more profitable instead of having your coins on the exchange like a newfag.

>> No.6424965

>>6424405
https://en.bitcoin.it/wiki/Timelock
>A Timelock is a type of smart contract primitive that restricts the spending of some bitcoins until a specified future time or block height.
literraly no interest to do that

also
>It is not advised to lock up bitcoins into the far future because it takes on risk of the bitcoin network changing. For example, if there were an ECDSA or RIPEMD160 algorithm break that made any coins spendable with a few months of CPU time, the network might need to to prohibit moving old unspent coins after some transition, but long locktimed coins could not make such a transition.

>OP_CheckSequenceVerify allows locking for at most 65535 blocks (about 455 days) or for at most 65535*512 seconds (about 388 days). OP_CheckLockTimeVerify could be used to lock up coins for several centuries.

>> No.6424973
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6424973

>> No.6424986

The discord pump group that is unstoppable/

https://discord dot gg/6BAAvpM

>> No.6424999
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6424999

>>6422683

>> No.6425007

Thanks, just locked 100k

>> No.6425015

This thread... you brainlests literally cannot think for yourselves.

This is how you morons get dumped on every day of the week.

>> No.6425019
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6425019

how to get clear shell for ledger?

>> No.6425049

is it possible to lock only a portion of your coins?

>> No.6425051
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6425051

>>6424999

>> No.6425096

>>6424965
finally someone who did some fucking research on the topic. you're on the good path anon, now go deeper and see how you can get interest (basically FREE ERC20 tokens) from locking the price using your private key's BIP32 path and coordinating it with the ETF platforms.

>> No.6425107
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6425107

>>6424999

>> No.6425119

>>6422683
In the thumbnail the display looks like a face.

>> No.6425125

>>6425049
yeah but it's way more complicated. you need to use sharding with the block lattice in order to do that.

>> No.6425127

>>6424405
toppest kek

>> No.6425160

Reminder that the 3 year failure rate for nand flash cells typical in in these sticks is 20%.

Better hope you're lucky.

>> No.6425169

>>6425125
can you shard with ripple? i need a minimum of 20 for my wallet

>> No.6425191

>>6423167
It regenerates your private key, not your coins, which are always on the blockchain, so to speak.

>> No.6425208

>>6422683
Guys, I'm new to cryptocurrency, How exactly do I lock in my profits?? I cant get a trezor (big waiting list), but is there a way to do it on an exchange?

>> No.6425259

>>6425160
Just buy a new one and re-lock?

>> No.6425269

>>6425208
nope, you need a trezor or ledger

>>6424405
like so

>> No.6425273

>>6425160
Yeah i already lost 5 btc because i lost my ledger. Better keep it on the exchange

>> No.6425284

>>6425169
you can but it's even more complicated due to Ripple's centralized hubs. basically you need to bypass a few of the masternodes by using zkSNARKs.
if you're not familiar with the concept, i recommend the book "The Blockchain Skeleton" by author Vitalik Buterin. could take you a few days to get through but you'll do it if you're not a brainlet.

>> No.6425285

can l send USDT to this device?

>> No.6425317

>>6424906

>> No.6425401

im surprised so many don’t know about price locking. i mean for ETH it’s as easy as sending your ETH to the lock in smart contract
0x0000000000000000000000000000000000000000

we need an info graphic to share of this

>> No.6425458
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6425458

>>6424004
BUT BIG BANG THEORY TELLS ME THE COINS ARE STORED ON THE LAPTOP

>> No.6425493

>>6424079
I once locked my ETH, but it got transferred to another ETH address. Fuck pricelocking. It's dangerous.

>> No.6425534

>>6425401
So i dont need a trezor? I just send it there and it locks it and sends it back?

>> No.6425567

>>6425534
It sends it back when the smart contract is fulfilled - as in when the terms of the lock are met.

>> No.6425599

If your word seed is the same word over and over it's easier to remember

>> No.6425627
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6425627

>>6425534
make sure that you put in the time lock period in the transaction data it has to be in this format DDMMYYYY

>> No.6425672

>>6425567
Oh wow! Thanks! I'll send it right away and lock in my Eth gainz

>> No.6425709

>>6425401
That's hell'a interesting

>> No.6425727

>>6424004
Bullshit. It locks the coins so they dont change price. Otherwise how could you be a billionaire with bitcoin? Retard

>> No.6425730

>>6425709
yup and its not just ETH but any ethereum/ERC20 token

>> No.6425744

>>6425627
Thanks for the info but what if I want to lock it into a price from the past?

>> No.6425835

>>6425744
time travel, interesting concept but thats not how it works. you can only lock in at present prices.

>> No.6425892
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6425892

Why even bother buying a hardware wallet if you don't lock your fucking price. If you don't understand smart contracts maybe you should invest in a kickstarter project and not crypto

>> No.6426019

>>6425892
das it mane