/biz/ - Business & Finance

>>18731434
You call that a pump? Lit is just starting its move up.

>>18731434
>next time it pumps

Thursday, April 30, at 13:00 CEST?

>>18731739
Yes, after the AMA with Dr. Lohwasser

nice fud

>>18731434
I have no patience for this shit. it's like 3M mc, if you're one of those retards who fuds to try to buy cheaper....it's cheap. if you're being serious then I feel sorry for you, cause you must have a really hard time going through life being that dumb.
it hasn't dumped, you're just zoomed in. zoom out. it's not dumping....MMs bottom range is holding this above .00035 vits.

stop being retarded biz, this is the most bullish token I'm aware of right now.

>>18731501
right, that wasn't a pump. it was blow off from the large sell wall getting eaten rapidly. we are still in accumulation phase, but that spike in volume means it's ending. pump is yet to come on this one.

why would people use LIT instead of just paying with euro or bitcoin ? what are the benfits to using the LIT token ?
also the usercase seems pretty limited, only usecase is paying for energy in germany ?

>>18732134
> what is gdpr

>>18732134

Only one usecase right now, more to come.

>>18732134
Electricity and Gas for free in Germany, if you stake enough token. Also "discounts and other offers".

>>18732134
Its cheaper, rabatt, more benefits etc. Its a nice package they pack together for the consumer. Read lit page retard

>>18732134
Lition is a fee token.
Your commitment to the sidechains is paid in lition. As for any other PoS blockchain.

Everyone that generates transactions in sidechain, has to pay a fee.

Its not only a energy token, energy trading is just the first usecase that was implemented.

Syndicated loan sidechain, document verification are in the work/partly done.

Why not eth usd bitcoin?
1. Bitcoin and Ethereum networks were to costly in transactions.
2. Not GDPR compliant.
3. Funding wouldn't be sucessful with usd, because you just would have had prepaid transactions gifts.
4. Think of it as shares. The token price inevitable bound to their success, nothing else. By example, if the dollar blows by inflation cause trump or fed fucked up, lition still can be valuable as a company and network

>>18731930
This fucker gets it ... every now and then biz reveals a gem this is one thats been hanging infront of you for months and months... but because someone said oh its dumping you didnt bother doing your research well go do it or as they say stay poor

>>18731434
where the fuck is the sap insider i want to destroy his life like he does mine, i lost all my money on this scam token

>>18731930
Retard, all I said is that you could have taken profits from the +50% pump when I told you to sell. You didn't. Other did. You missed out. Stay poor.

>>18732810
same

>>18732810
It's a larp from telegram pajeets

Kek calling it a p&d is hilarious.

Looks more that Lition is naturally growing. P&d phase was shortly after ICO.

LCX is in the pump phase right now...

>>18731434
Never change biz

>>18732826
You mean you called the brief top when it spiked up? yeah, I missed that. it's a wick retard, not a top. I've been buying more the last 2 days though and am not worried one bit.

When’s the next leg up ?

>>18731434
nice one bois.. it must have only worked on the newfags because everyone else was here when the blockchain quit working twice and people were giving up trying to stake. Keep fleecing these newfag brainlets.. it's what they're for.

>>18733037
You'll never make it

>>18734155
anon, what are you gloating about... a 10% trade on a 3M mc coin? your swing stack can't be very big. don't talk to me like you know what you're doing...

>>18732134
discounts

>>18732810
lol bullshit, the sap insider shilled this coin when it was 2 cents. So you still made profit, unless you bought it later on. In that case it's on you not on the insider

Am I imaging it or is there a massive bull flag forming on the weekly?

>>18734814
Definitely a bullflag. Hence OP’s pump & dump FUD

>>18731434
Are you a fck retard?? Wtf dude!

>>18735005
Thats what I thought

>>18733766
>Stopped working twice
Oh thats an assblasted member of the Chico community. Continue seething and spreading lies like the one about mainnet not working TWICE. In 2 days I got more funds to pump in so please continue talking shit while I can get in cheaper :)

Meanwhile retards on telegram seriously believe this will reach MOST LIKELY $100

>>18736005
The order books are thin. 1 LIT = 1 ETH would only require a ~$355K (1801 ETH) market buy right now.

>>18732665
Kek this. Happened to me too many times, but not with this one. My bag is ready and super comfy.

>>18732509
At last someone who sees past the energy token bullshit. Yes they have an energy platform, but that's just one use case for their blockchain, sort of a pilot/proof of concept if you will.

>>18732665
Kek this. Happened to me too many times, but not with this one. My bag is ready and super comfy.

>>18736184
So when do we pump then

Did anyone forgot that the Lition chain got stuck for days and the team couldn't fix? Who is still investing in such a poor technical foundation.

>>18736846
>A testnet didnt work 6 months ago for a couple of days
0/8, seriously.

>investing in Krauts despite the country being cucked and Merkel being in charge
Bearish

>>18736777

>>18737183
I call bullshit.

>>18737183
Why would an AMA pump it, only if there was juicy info which their never normally is

>>18736937
F/o to pol/

>>18736881
Right? It's because most people on biz don't have any clue about tech whatsoever and now they use some bug in Lition's early testnet as fud kek.

Cause when developing a new technology from the ground up everything always goes flawlessly. The developers always get there first release out in perfect form, so there is no need for any fixes or even updates, the product is always just perfect in the first iteration!
As a developer, dealing with bugs on a daily basis, I would be trilled if it went like this (or maybe not because with no bugs to fix I would probably be out of a job). But it just doesn't work like that and people who think it does are complete brainlets anyway.

>>18736881
It still doesn't work, you absolute fucking retard. It's centralized bullshit, they still have to figure out how to deal with external nodes. They are late on their roadmap

>>18737362
>some bug in Lition's early testnet
Based retard, disgusting newfag, they were on mainnet at that stage and they were forced to go back to beta because it was too embarrassing and outrageous as a failure

>>18737362
>But it just doesn't work like that and people who think it does are complete brainlets anyway.
Tell Lohwasser and the other braindead devs who thought they were ready for mainnet.

>>18737386
Your fun is fueled with anger. Did you bought high and sold low, anon? :)

>>18737410
>Double replying
>12 posts by this ID

HAHAHAHA he is seeeeething so hard!

>>18737436
9 posts by this ID* but we are soon at 12 since you are a seething retard

>>18737436
I have 4 stakes, I don't sell. But I'm honest with the shortcomings of the project. It has potential but you pajeets are just ridiculous

Lit is pumping again

>>18736184
What do you mean by 1 LIT = 1 ETH?

>>18737550
The order book is so thin that only 1800 eth buys are needed to be at 1 lit = 1 eth

>>18737541
HAHAHAHAHA ur the brainlet called ftp on Telegram (the lition staking group to be exact) who got BTFO for his retarded opinion. You are the very best example that money doesnt equal brains.

>HURRRRR GUYS I IZ SAYING LIES ITT BUT I HAZ 4 BAGS G-GUYS!

Retarded fucking nigger, holy shit.

>Inb4 "I-Its not fudding. Im just being ReAlIsTiC bro"

>>18737367
Sure, cause all the other crypto projects delivered exactly on time and like they stated in their roadmap.
It's seems to me that in this blockchain space you're already far ahead of the competition if you actually deliver anything at all (sad but true).

I don't dwell in my parents basement like you do and unfortunately don't have the time to follow all these projects all the time so I don't technically know if they called it a testnet or mainnet, it doesn't really matter. Cause what I know is the project is barely a year old and they had this testnet/mainnet out half a year ago.
If you really think any project can deliver a fully functioning mainnet without any noteworthy bugs in 6 months, that just goes to show you're a brainlet or delusional at best.
Compared to other projects it's impressive really what they managed to get out in such a short time.

>>18737735
The circulating supply makes this a pretty good steal at this point.
It won't take too much to drive up the value.

>>18737831
Personally I think it's a great buy right now.
Saw some hype here a few days ago, supposedly some unusually large amounts were bought up in a single day.
But the price essentially stayed the same and is still very low for what they are trying to do.
Just my humble opinion though.

>>18738028
It's correlation with BTC looks strong, so gains would be appreciable in the case of a halving bull.

>>18738107
I'm not really a chartist so I can't really comment on that.
But I can say the project looks technically strong to me, especially considering the whole see of shitcoins at a similar market cap.
In my opinion Lition just has to rise up the ranks significantly at some point

>>18737831
Also, why is nobody taking into account the staking supply that's locked for, in some cases, 12 months?? Doesn't that theoretically LOWER the circulating supply?

>>18738385
How much of the supply is that?
Can you give an idea of the numbers?

>>18738490
this is so fucking significant and no one realizes it yet

>>18738724
So once those are unlocked we have a higher circulating supply?

>>18738724
>>18738490
forgot to crop lmao

>>18738757
Theoretically, you could remove the locked tokens from the current circulating supply, so yes. When they are unlocked they would be added back into the supply.

Can anyone tell me why this shouldn't drive up price?? I feel like this coin is so set to moon HARD.

>>18738839
30-50% staking right now as well.. and they are allready making money with their product.. it’s a pretty weird product imo but hey whatever get’s me money.

Got 85k of these fuckers, i just hopes it get’s to 1-2$ then i’m happy

>>18738883
30-50% staking rewards i meant

>>18738883
>it’s a pretty weird product imo but hey whatever get’s me money.
How is it weird? It's an energy company.
>i just hopes it get’s to 1-2$ then i’m happy
Easily but I would recommend staking it.

>>18738984
u just don’t get the whole token economics part... no one needs a blockchain for energy as well... but hey i believe in them

>>18738883
>i just hopes it get’s to 1-2$ then i’m happy
If it does, then stake it.

how much i could get for 5000 LIT with/without the compound ? spoonfeed me pls

If this gets to $1 per lit thats only a market cap of $100 million ... highly realistic in my opinion?

>>18739022
Yeah you just don't understand the business then. The blockchain cuts out the middleman and is able to save consumers 20% and give the producers 30% higher profits. It's a peer to peer energy business which makes the blockchain necessary. They would have no competitive advantage if they didn't have the token.

Lition is also vastly more than just the energy business.

What don't I understand about the "token economics"?

>>18739203
Not enough. Get to at least 30000.

>>18739267
I meant myself, it changed to u, i believe in the german grundlichkeit

Are you guys staking your whole stacks? I have like 50% on mine staked and trying to decide if I wanna just stake the rest

>>18739692
I have around 70% of mine staked, wanted to make sure I have enough sitting out just in case we see a sudden dramatic pump

>>18739324
Why that much?

>>18736184
singularity

>>18736846
> teams runs into issues after actually building something that is being used TODAY

Meanwhile 99% of other projects at hundred of millions of mkcap without building shit ( see 3yo oracle project that only provides the price of Ethereum)

This is the cold hard truth

>>18740201
Rekt linkies
They still think chainlink is the only oracle service and coinbase built its oracle on top of link
PEAK DELUSION LMAO

>>18740201
>>18740453
It's not really fair to give Chainlink shit when things like TRON exist. Remember during the bullrun when they changed their purpose multiple times? Gaming platform, web 3.0, literally saying they were going to space for some reason. That shit absorbed more dumb money than I could've ever anticipated.

>>18740520
Agreed anon.
I hold LIT and believe in the project very much but shitting on LINK, now that they've pretty much already proven themselves to be a major player in the industry and a very solid project, is just a bad look.
Let's just hope Lition can achieve levels of success similar to Chainlink's.

>>18740520
>its not fair

Its fair to give shit to both

>>18740856
> a major player in the industry

Great idea on paper, 3 years, nothing. ( link ico buyer btw)

>>18739267
This.