Guys I’m having a hard time wrapping my head around this concept. I locked my btc in at $11.8k (yes I know, should have locked in at $17k but waited and thought it would go up) I’m not too upset since I’m more than 2x up from the current market. And it’s the fact that it’s on the ledger is even a better feeling after what happened to binance.
My question is, if they really roll back the chain to where ever, how does this effect my locked in ledger price? Having difficulties trying to think about what I should do. Do I unlock and cash out into tether or do I keep it there and let all the shit happen and hope they don’t roll it back further than I think they will?
well it depends, did you uncheck the "sync rollback" option before you locked it? if not you're pretty much fucked
John Price
Idk of mine even has that. I have one of the earlier models?
Ryan Adams
What the fuck are you talking about
Leo Bell
The ledger should have a roll back functionality to it that you can turn off, which is usually an option given to you when you lock your coins
Liam Thomas
Maybe it's possible, but it depends on your private key version. Just write it here and we'll check immediately.
Kevin Ward
Locking in prices on the ledger. Idk If I’m fucked if they actually roll it back
Maybe I’m blind but I’m not seeing that option. Does it matter what ledger it is? I have the nano
Matthew James
if your ledger is stuck on "sync rollback" you can go to the ledger website and become a pro member (access to advanced settings). similar to becoming a level 2 on binance. basically you just give them your name, birthday, address, social security #, email, mother's maiden name, bank pin, and two of your most recent paystubs. Approx 30 days later you get access to advanced settings and can uncheck "sync rolllback" in your ledger
Leo Garcia
Your coins have been unlocked.
Ethan Peterson
Dude I don’t have the time or want to do some kyc bullshit for this. This ledger is so I don’t have to do that shit that’s the purpose I thought. This is a fucking nightmare. Can anyone give me a real answer that doesn’t require doing all this. I checked my nano and nowhere does it say sync rollback. I just want to know if my price will stay locked in.
Austin Baker
You need to flash new firmware to your ledger
Brody Carter
Retard, your coins are fine. What part of "lock price" do you not understand?
Tyler Wood
you should really think about calling tech support, or alternatively go back to redd1t. ledgers r for fags.
Nathaniel Lee
omg you're not getting it. you either buy the nano s secondary hardware wallet or you become a pro member
Hudson Torres
Very important question OP
Brody Torres
No you brainlet, what part of 'rollback' dont you understand? If the chain is rolled back, then the system state goes back in time before you locked in your coins. The rest of the advise above is bullshit; you rollbacks are the only thing that can fuck up your locked in coins.
Angel Garcia
Your locked bitcoin is not affected by ledger rollbacks. It is effectively out of circulation and in a vault until you connect your ledger and use the sync function.
Blake Brown
i've locked in rollbacks. you don't know what you're talking about
Leo Howard
I went through all the bullshit recently after seeing what happened with Quadriga which got me spooked. I figured a rollback was in the cards at some point or another. The only piece of advice I would add is that you can expedite the process by contacting support and faxing photos to them directly. You're going to need a Sharpie for one part of it. Honestly it fucking sucks but at least you'll finally be able to sleep when it's over.
Logan Wright
a re-org completely negates your locked-in price. this should be something that upsets every trezor/ledger user who has locked in their price at above 10k
Jaxon Wright
fuck, i had to use a sharpie too
Carson Williams
Okay on nano site right now looking for update thanks
I was just unsure about the rollback since it’s a black swan type of thing. Feeling a little better now. Thanks
Yeah no kidding. This nano has been nothing but a headache .If I get a trezor can I transfer the locked in price to it from the nano?
I’m really considering getting a trezor if they honor the current lock in price
So I’m basically fucked if this happens. I think I’ll unlock now and get into tether until this drama blows over.
Ayden Howard
right, it completely depends on the price you got locked in at. i didn;t have anything locked in between 10-12k but i heard anything below 12 stays locked in even if reorg
Jack Sullivan
I locked my btc at 9k but i had some shitcoins on it as well (ark, link, neo) are they locked as well or practically worthless now?
Caleb Lee
I would email ledger directly about this desu. Go to the support page and choose the "locking / unlocking coins" option from the drop down menu.
Camden Gutierrez
It depends on how far the chain is rolled back - your BTC may be rolled back into fiat if they go that far. Just make sure the Bluetooth is off
Logan Morris
You can lock in prices? Does this only work for bitcoin?
Checked! All coins aside from Creg's coin. That is why there is a Vishnu on his block chain. And why Link is so popular on this board - a lot of ANons have it locked in at ATH of $1.20
Ethan Watson
What is this price locking thing? explain How could something lock the price of your BTC in USD?
Luke Johnson
lol. how are you invested in such an obvious scam without knowing you can lock your shit in? Fuck exchanges. So crazy that everyone doesn't pull that shit out and lock in
Caleb Davis
This is honestly my biggest worry. If its not synced to rollback and they set it back. I imagine the blocks being reorg’d will have an effect on current status. I think I’m just going to go into tether. It’s 6am here and I’ve been trying to figure this out for the last 5 hours
David Edwards
When you lock it in, the btc goes off into cold storage and the allotted funds are also taken away so when you unlock and cash out, you get what you locked it in at. It was a simple idea until CZ mentioned the rollback, now I’m not sure if imfucked or not and have no clue what will happen.
Aaron Watson
I love that people are asking about price locking in 2k19...yeesh no wonder you plebs are so rekt
Jaxson Watson
Can someone answer me I was at like 60k when I locked in, 3/4 btc but still. I need the cash
So why don't you just cash out? Why go to all of this trouble just to cash out?
Thank you but I'm doing fine.
Christian Reed
OK I get it, it's like the fingerboxes.
Justin Brooks
I think that’s what I’ll end up doing. Was going to save it for a desperate time but I think CZ has officially btfo’d me. Tether should be fine for now.
I don’t understand how people are locking in their prices. Thank god I bought a ledger or else I’d be holding $5700 btc right now.
Hudson Lewis
Aren’t*
Nathaniel Bennett
My ledger glitched and locked my btc in at an old price of 2380 dollars I am so fucked is there anything I can do please help
Xavier Rivera
much like binance, ledger glitches can only be fixed if they happen to ledger themselves
Brayden Torres
Never thought about it this way. You lost essentially half the value. Not really much you can do about it. Maybe the roll back will work in your favor
James Wilson
for all the help this thread deserves some big ol tiddys. screencap me please
Helpfully for anyone that wants to manually deactivate the rollback feature in your ledger. Remember to back up you ledger in case you mess up. Plug your ledger into a windows laptop with the wireless off, a mac does not allow the customization needed for this fix. Click your ledger then right click advanced options and select view hidden files and folders. This will display your hidden files. Open the file named host with the notepad program and place the following server addresses one address per line: