Eheheh succesfully locked
WHY WOULD YOU DO THIS
>not using the most important trezor feature
ngmi
Why not just not sell?
what is this?
t. newfag
He can now only sell his BTC if it reaches that price
Just locked in my USDT
Were all gonna make it bros
>he doesn't know about price locking
and leave your Bitcoin unlocked?
Just locked in 20,000 Tether for 2 dollars each
Boy you’re gonna feel stupid when BTC is $50k and yours are still locked at $18k.
Ok, I get it, it's one of these fingerbox memes.
Fuck you OP.
Still have my stinkies locked in at 20$, I should probably sell at 20$ and buy on binance at 14$ for more stinkies.
Trezor wallets have a price lock feature that guarantees the price for as long as you lock it in.
Some OG's from the last bullrun made millions just from locking in their bitcoin coin at the ATH and selling during the bear market
So you lock your bitcoin? How did they make money?
I bet you did not play the Ed Edd and Eddy MMO game either
I've been here since 2015 and I still don't understand the locking meme wtf does it do?
Sent from my iPad
I guess the point is locking your bitcoin at it's value (i.e. 18k) but not selling them to avoid paying tax on the transfer.
You can then sell them at 18k if they drop bellow
it's not a meme retard
you can use it to reduce your capital gains tax bill if you use a bit of brain
Probably bait, but it’s just to fuck with people that are in the red
I'm not sure, but I think it opens a 50/50 long and short position so that the USD value of your coin remains stable at the time of "locking"
This is one of the only running gags on this board that I never found funny along with shrimp farming.
Locking bitcoins this way means a matching futures contract is made; should the price fall to $9,397 that user can still sell for $18,794 and whomever bought that future has to make up the difference
Of course if the price goes up, OP can just unlock to sell at the new price.
Locking is how you guarantee yourself against falls
I still don't get it what is the point of locking it? Can't you just not sell? Or sit made to abstain from temptation?
ur a moron
Sent from my Note 8 via Taptatalk
What if price drops, retard, can you just sell, huh?
9/10 bait
The Sent from my iPad gave it away.
Sent from my modded T430
Ah so that's how it works. A futures contract. So technically somebody already bought his BTC at 18k, but it won't come true till OP doesn't unlock his BTC whenever he wants?
And who is going to buy at your price? Only someone who can't get access to any exchanges or have any other option. At that point, there's no difference from raising the price normally due to supply constraints.