/biz/ - Business & Finance

Aiii inever goe all in on a coinn, tbat can rekkt you
Always diversify

>>18836276
Wrong. Diversifying is the path to zero gains.

Say you have $10k. You can believe in a single coin and watch it moon to e.g. $100k

Or you can diversify across 10 coins at 1k each, because you're scared. Now the probability of all 10 mooning to reach the same 100k is zero. They would all have to x10. And even if only two moon and the rest fail, you would only end up with 20k which isn't gonna change your life for more than a week or two.

Believe in LIT

Bought 6700 LIT yesterday and I'm staking it for 3 months.

Hope I haven't been pajeet'd.

>>18836240
HAHahhaha I'm so happy you made a new lition general, I made the first one. We all going to make it I swear to god

I'll be joining you guys at sub 7 cents, then I'll shill with you

>>18836526
I'm buying another 25 if it reaches those prices,Only chances of lower price happening is if btc shits the bed hard

>>18836547
25k*

>>18836240
Lition is 60% of my portfolio but I regret not going all in a couple of days ago..

Will it realistically dip again? I'm in for the long-term, but I wanna try to get a better price

>>18836673
Only is bitcoin drops again, otherwise not.

>>18836276
>>18836276
Ok guyss and why tf is biz luving this coinn al the sudden
Radio silent for month and then booom sbill thread after shill thread
Is dis a pump and dump be serious please

>>18836276
>Always diversify
I absolutely hate this advice. No one has gotten rich by diversifying. Only diversify if you have no idea what you're doing.

>>18836712
1) DYOR. You clearly know absolutely nothing about this project.
2) The reason why it's picking up steam again is because there has been significant progress in the last couple of months.
3) Learn to speak english fluently

>>18836712
I used to see a few threads here and there you just didn't pay attention. Now I am shilling and enjoying the memes because:
1. I finished accumulating (200k)
2. I am staked for half a year

SoI just kick back and relax, I don't shill a coin until I accumulated enough

>>18836508
No worries litbro

>>18836795
Ok is there still a place fo a nigga out of the hood an how much shuld i buy

>>18836760
my english is good jooo i talk the hole day tgat way

>>18836936
and im on mobile so dont care bout wrong spelling aiiii

>>18836928
>>18836936
>>18836950

Do you guys use the keystore wallet with IDEX?
Or what

>>18836955
wat doesvthat even mean man

>>18836508
I'm going to cut through and ask you one simple question. Are you trying to create a meme? if you are, I have essential knowledge to depart on you. I need you to put your ego aside for one iota and come to terms with the fact that you are about to learn and gain a morcel of what you could for once consider a truism, okay? I need not plead with you as I know that you will not read this, but I must have some faith that you will, even in an alternate dimension (for which i am preparing) choose to take the right path and head my parcel, my wisdom. It is essential to grow, like all information. Even if it contributing negatively to the net (or web, are you seeing?) of Indra, nexus point and jewels etc. The word that we determine to describe the sum total knowledge of scientific endeavour and artistic interpretation of said endeavour. I, sir, have been responsible for the creation of a meme in my time (I do not need to tell you which one as you will not believe me, which is what proves that i am truly working on another wavelength than you) regardless of what inert theory you might conjure up in your defeat to live with yourself ideologically another day as you flee the battlefield of life in disarray). I have seen what it is to be puppeteer, to be the spark that ignites a rift that results in an altering of the interpretation of reality in the cosiest of our dimensions. Please do not play with this most curious of phenomenons, it can shift sands and stir rebellions and conflicts beyond what you have read in your novels, coward. do not claim that you are not fulfilling your childish notion of contributing to a great cause or some eunuched attempt at diplomatic bile. I will not oblige. Read these words. Know what you are dealing with next time, before I am forced to employ my earned intellect, that would not only better you - but leave you blacking out in a puddle of your own excrement, you excuse of an excuse. You're welcome. The world just keeps spinnin pleb.

>>18837004
yes

>>18836570
I'm with you there anon.

Just the thought of staking a massive all in bag and watching them mad gains is enough for some mad regret. But imagine if it dips a bit and you get a good opportunity to pick up a lot more LIT? Hard decisions.

>>18836240
> why are you not all in on Lit?

But I am

>>18836240
Because when BTC goes 8500, LIT is somewhere around 5 cents. Imagine holding a bag of 500k and not able to sell due to lack of liquidity in the market. THATS BONKERS.
Now the average LIT chad would argue: “But I’m in staking and I don’t care about market movements because in 1Y after release of the staked tokens the price is higher.”
- True, however meanwhile I sell at 15 and collect at 5 in the same time, tripling my stake and maybe not only once in this year.
Then the average LIT chad would further argue: “But btc will moon because on halving”
- No, because Arthur and CZ and every other clever non LIT chad would have realized that BTC gained 140% in the meantime since 3800 bottom. So if you are not able to deal with that gains and rather invest in Dr L to the Wasser instead of believing in the one and only guarantor of freedom, you are just the average noob privat investor with no market experience.
So go guys, Pump my bags.

>>18837052
Different mindset. You buy btc almost as an "investment" now, a comodity.

You buy shit like LIT like you are investing in a startup, potential return on investment are way higher that buying BTC, risk is also greater.

Cannot compare the two

>>18837088
Fren, totally understand your opinion, however lets be honest and don’t lie yourself.
We’re just looking for cash, right? So who’s gonna sit first in his Porsche, the one who inv 200k in btc at 3800 to times a year (with low to non risk/return ratio) or the LIT chad inv 5k (due to risk/return ratio) waiting the mainnet will potentially collapse once again?

>>18837164
Again totally wrong comparaison, you are comparing a 200k investment against a 5k. What you want to compare is the rislk/reward ratio and thats it. And yes liquidity issues are part of the risk ( like investing in penny stocks or emerging markets).

But then again for the liquidity issue are part of the game for crypto, I bought my a good stack of my LINK on etherdelta in 2017, was there liquidity issues back then, yes. (there still is btw, see link going to litteraly 0 on binance last month)

LIT is around 1/3 of my holdings. I feel comfy already with staking that.

hey fellow lit chads, sitting comfy over here

>>18837267
damn, that's a nice steak

Already >21M LIT staked BTW
That's more than 1/3 of the total supply.
Growth rate is insane, when I joined a week ago it was around 15M.

What is the minimum amount to stake?

>>18837442
5k

I am too stupid to understand what staking is or how it works. I read the FAQ and the 'how it works' but I'm still confused as to what that actually means. Guess I am too retarded to make it, bros.

>>18836962
You can do, its pretty secure. Or you can link another wallet to then deposit on their exchange.

>>18837486
Its ok, just wait until its on a big exchange I might sell you a portion of my staking earnings based dumbanon.

We can't all be rich, if we are all rich we are all poor.

Got my first day of stake returns. 10 fresh litties. I've made it bros

>>18837630
thats a 100 bucks in a year, thats like two fucking nice restaurant feast. EVERY SINGLE DAY

What is a BNB address?

>>18837932
https://docs.binance.org

https://token-bridge.lition.io

https://medium.com/@KONSTELLATION/what-is-bep2-an-introduction-bfb44db39ce1

I am trying to stake my coins, I started the contract and it has been confirmed, however I still see the coins in my wallet, and nothing in the staking pool balance.. what did I fuck up?

>>18838298
click balance on right side of mouse -> open in new tab
had same issues and only this shows my balance

>>18838298
>>18838369
nvm i read wrong, u fucked up something

>>18838298
You need to click on "deposit tokens" twice. The first time is to approve the contract, the second to transfer your funds.

What are your ranks, fellow litards?

>tfw only Chief Warrant Officer 5
It's ok, I will be First Lieutenant when my steak comes back in one year.

>>18839096
Im a captain on this list which i like the sound of but some other litard has a list that makes me a lieutenant which i do not like... can we make a better list? Maybe with less ranks?

Okay, i've configured metamask for LIT, now I just use the token bridge to convert ETH to 5k+ tokens for staking? I'll have to make my inner boomer happy by buying more silver after this.

>>18839216

You don't convert LIT, you buy it on Idex with ETH

https://idex.market/eth/lit

Then you withdraw this LIT to your metamask LIT adres, from which you can join the stakepool.
Don't forget to keep some eth for gas transactions.

>>18838942
Cheers. I had to increase the gas I think. Worked! Happy staking guys!

>>18836240
30k here.
19 year old
Please god let it just go over 1 Dollar and im happy

>>18839281
Welcome on board Anon. You made it.

I have bout 10 K Lition. Is it best to stake all of it or go half n half lads?

>>18839452
If you believe in the project, stake everything for 12 months. More risks but huge rewards if this succeeds. If you want quick gains when this opens to bigger exchanges and US markets, go half and half. Personally I went all in stake.

>>18836743
>>18836276
Diversifying is a meme that brokers invented to avoid lawsuits when they absolutely wreck their client's portfolios. If you spread the money in as many different assets as possible then if everything goes to shit you can blame "the economy" instead of your decisions that you took on behalf of your client.

>Only diversify if you have no idea what you're doing.
Absolutely true. Diversify if you want to lose all your money every time there is a hard recession (once a decade) like all the stupid boomers do.

>>18839339
Be patient and you will get $10 or more per LIT on exchanges like Coinbase.

What the hell. I just checked it out and it's at $0.11. That's a lot for a token that isn't even in the Top 500.
Their website looks really professional and they have specific use cases they're going for (P2P energy trading platform, loans, etc).
Checked out the About Us page and the team is 90% white. No chinks everywhere, only two of them, and one is just an "advisor".
None of them look like the typical diversity hires they usually put there to comply with corporate HR bullshit.

This doesn't look like your flavor-of-the-month shitcoin. What stage is the project in? How early are you guys? How haven't I heard about this until now?

>>18836795
how do u stake? have to run a client or something?

>>18840169
100mil max supply, less than eth

>>18840169

According to the most recent AMA they are in their "final lap" for stable mainnet. They are also gonna launch a commercial next week on nationwide TV.
They are looking to expand Lition energy into Holland and Austria later this year too.
They are also working on other use cases but not a lot on that yet. It is promising that the blockchain is GDPR compliant.

>>18840169
>>18840261

Also CMC has fake numbers, real numbers are on CoinGecko

>>18840169
You should evaluate a token by it's market cap not the price you retard.

>>18840208
You stake in the official Lition pool through Metamask. You lock up your tokens (5000 minimum) for a period you choose, 1 3 6 or 12 months. The longer the period, the higher the rewards, pending every day. https://medium.com/lition-blog/getting-started-with-lition-pool-staking-how-to-deposit-733ff18cb8f3

>>18840169
You're welcome anon

So where are all of these very organic LIT shills coming from this time? Is it a telegram group? A discord? Should be about 1-2 weeks before they dump and disappear again.

>>18840334
/lg/s are here to stay buddy

I'm assuming you can't add to your current stake at all, which makes sense.

If I want to add more LITies I have to start a new deposit with 5000 minimum

>>18840261
>they are in their "final lap" for stable mainnet.
>They are also gonna launch a commercial next week on nationwide TV.
Big if true. Where did you read about the impending TV commercial?
>CMC has fake numbers
How come? But I just checked Gecko and it's #253. Interesting.
>>18840327
Thank you. I don't have the money to invest right now but I will keep a close look and consider it in the future.
Had I known 6 months ago I'd have thrown some money at it.

>>18836240
What do you think will be a reasonable price for LIT EOY?

>>18836240
Because I’m all in on Chromia until the massive Binance vote pump

>>18840401
Yes indeed

>>18840334
LIT is going to be shilled on national german TV next week. LIT shills are too good they are able to reach millions of normies and boomers

is it still owrth buying at current price? I can just about afford the min stake of 5k. if yes, can someone give me a simple guide to staking? I saw on the last LIT thread that people were saying to transfer from IDEX to metamask but they have a warning saying not to do that

>>18840427
Between 1 and 10$ depends on the market conditions I guess

>>18840334
Kek don't come crying when you'll be buying in at 30 cents in a months time.
If you know you know, if you don't you can stay poor, I don't care.
Can't believe noLITards still believe that one of the only projects in crypto with a working real world use case needs to be shilled at all.

>>18840451

It's really easy.

https://medium.com/lition-blog/getting-started-with-lition-pool-staking-how-to-deposit-733ff18cb8f3

>>18840169
It's not. It may become one of the most popular cryptocurrencies in a few months/years. This is something I hit on in every thread, but this allows you to choose where you source your energy from while giving you discounts on that energy. Europeans are going to be frothing at the mouth for the opportunity to only buy green energy, and lition gives them the ability to do that.

Commercials air on German television next week. Get in before that happens. There might be another dip once Bitcoin drops following the bloodbath of Monday's stock market, then would be a good opportunity. Or just get the fuck in now and ride that green candle all the way to Neptune.

>>18840423
>Big if true. Where did you read about the impending TV commercial?
Also talked about in the most recent AMA.
>How come? But I just checked Gecko and it's #253. Interesting.
CMC has the wrong circulating supply.
Both have the wrong total supply.
The team announced to burn ~29.5 MIL tokens, so total supply is around 100 MIL

>>18840451
Yes it is still worth it. Read >>18840288 for tutorial. Don't worry about idex, I never used it before buying lit but it's safe and easy.

>>18840511
I only shill because I care about my fellow anons and I want us to all make it together

>>18840538
Neptune? Don't you mean Artemis or Selene?

>>18840446
>LIT is going to be shilled on national german TV next week.
So we have to deal with your faggot group brigading /biz/ for a week? Okay sir do the needful, dump and then fuck off again.

>>18836240
The 5k limit is bs. It leaves out all the pocket money pajeets like me.

>>18840568
>>18840517
thank you both
looks really promising just dont want to get fucked, my investment would take me 10 full days working to pay back if it all gets lost

>>18840596
Same. The opportunity is just too good, I will make it anyway. But hopefully I can convince some fellow Anons to follow. I'll feel better knowing people from here made it rather than normies and niggers.

>>18840627
stake it for 12 months bro.
You will get a 1.8x reward, really unlikely that you lose money when you received that much

>>18840627
Don't forget to keep some spare eth to pay for the gas fees.

>>18840695
Indeed. If you stake for 12 months you will only lose money if the whole project fails (unlikely since it's already a running business in a promising field) and if the coin drops to 0.05 cents in 12 months. Chances are very low. At worst you will recover your initial investment.

>>18840695
>>18840697
>>18840760
OK guys i think im gonna go for it, i hope youre sincere and arent fucking me but i like you are
Do i only have to pay gas fees when i first stake?
also, to compound or not to compound?

>>18840828
You have to pay gas fee everytime you join the staking pool
I did compund in everyone of my 3 stakes.

>>18840607
We will push our memes down your throat until you die or fucking buy, and when you do buy (hopefully too late) we will dump on you with the vengeance you normie scum

>>18840892
so if i just stake 5k for 12 months I only pay gas fees once?

>>18840828
>i hope youre sincere
As I said here >>18840760, if you stake for 12 months you basically only can lose money if the whole enterprise fails. But we're talking about GDPR compliant blockchain with already real world uses in the field of green energy in Germany. How is that not a 100% guaranteed success that you will at the very minimum get back your money?

>Do i only have to pay gas fees when i first stake?
Yes, for every stake. If you stake once, you cannot add to that first stake but you can start a second one.

>also, to compound or not to compound?
Compound if you think this will succeed. Don't if you want to keep some fresh LIT to sell in case of emergency.

>>18840919
Yes. Something like 2$.

>>18840928
yeah thats very true man thanks, probably gonna buy later tonight
where would you recommend buying ETH?

>>18837032
>12 months
Anon..i
>imagine doubling the contracts for an extra .2 factor

>>18840976
kinda true BUT i can make a huge difference, that 0.2 factor can make out 1k LIT and depends on the price, that can be a lot of money

>>18840960
Any classic exchange I guess. I use Kraken myself.

>>18840565
I'm checking the AMA now and Richard seems like a trustworthy guy that knows what he's talking about. This project feels like Link but with a CEO that actually cares about communicating with his investors and does give actual updates instead of delivering the same damn talk every time. I'm tempted to sell some of my stack to buy into this project, but I'm a fundamentalist HODLer.

I hope this works out well for you guys.

>>18836240
>why are you not all in on Lit?
Pajeet tier scam

>>18841031
>kinda true BUT i can make a huge difference, that 0.2 factor can make out 1k LIT and depends on the price, that can be a lot of money
Imagine being this dense

>>18840928
>, if you stake for 12 months you basically only can lose money if the whole enterprise fails
Have fun when everyone will dump at the peak and your coins will be stuck, RETARD

>>18841116
You retards piss me off, i will screencap this and make a thread if i cash out my money bag while you brainlet still shitpost on this board

>>18841099
>I hope this works out well for you guys.
Thanks man. Was in the same boat as you, but I did sell some of my Link to gain some LIT. Maybe I'll buy those linkies back if Lit increases nicely and Link hasn't mooned too much already.

Also, I feel like there is some huge pressure on the team to the blockchain right which could do magical things for us. I myself am one who does well under pressure, so maybe the Lit team does too.

Weird, my LIT metamask wallet doesn't have an option to receive so I can withdraw from IDEX.

>>18840910
>treating /biz/ as your shitting street
Too bad you and your faggot friends here can't even shill competently. Despicable kike.

>>18841150
what stake length would you go for then? 6 months and restake if it looks worth?

>>18841116

>>18841150
Ok retard, go back pumping and dumping some useless shitcoin.

>>18841200
You need to withdraw from IDEX and it will be sent to your wallet. Not the other way around, you can't ask your wallet to retrieve. Or did I misunderstand your issue?

>>18841099
Thanks Anon, Godspeed.

>>18841218
you asking this question a brainlet who thinks this is a pajeet tier scam lol

>>18841218
You don't know how high will rewards be in 6 months. Now they're high because it's early and they want to attract people. Take advantage of being in the first investors and stake 12 months.

>>18841200
you just have to send it to your metamask wallet :D just click on ethereum-receive-and copy your wallet adress, if you reveice your lit, metamask will add it automatically

FUCKING GOD DAMNIT I HOPE THIS ACTUALLY TAKES OFF. I ONLY HAVE 2k TO INVEST IN CRYPTO AND 3/5 OF THAT IS IN LIT GOD DAMNIT YOU FUCKING POS COIN

GOD DAMNIT I WAS FUCKING FOMO IN MORE SO BAD. SO BD My FINGERS ARE FUCKING SHAKING BUT IM NOT A GOD DAMN IDITOTINI
FUCK

>>18841729
You made the best choice you can relax

>>18841274
>>18841327
Yeah thanks guys, worked it out. Staked my 5000 LIT, how long did your transfer to the pool take?

>>18842326
Depends on the amount on eth you paid. You can increase the speed of the transaction if it takes too long ( therefore you pay more)

>>18841729
Are you staking, anon?
How much will you stake and for how long?

So comfy being in lit
Only question is whether to get more or leave in BTC and ETH for now

LITTY

>>18842447
i invested a lot in lit, but i would also keep eth and btc on the side

>>18836240

>>18842539
so basically only way for dip is if btc also dips?

>>18839759
What if you like multiple projects?

>>18842628
Yes but that's only if you consider the coin market itself. The Lition company offers retribution if you stake your tokens, since they will be used as nodes to keep the energy business running. No matter how much the coin is worth, 0.01 or 10, you will still get a passive income from it as long as the company performs well. https://www.litionstaking.com/

pool deposit keeps giving me an error. I'll ask the Telegram I guess.

>>18836362
yeah but your probability of losing all 10k is also near 0 unlike if you invest it all in a coin that goes bust. better move would be to pick three or four instead of ten, but putting all your money in one coin is lunacy.

>>18842725
it just seems to keep getting better the more i read about it

>>18843242
I'm in BTC, ETH, LIT and UBT
But I do wish I was all in LIT
Building up to it

>>18843387
sounds like me, i'm in BTC, ETH, LINK, RPL, and LIT with a few other less than few hundred dollar amounts in various shitcoins.

>>18843380
Honestly it sounds too good to be true but that's the goal of an already working project. They provide an actual competitive service with a incentive on muh green energy, they have thousands of customers, they grow everyday and are already planning to open to Austria and the Netherlands... I can't see this failing. Maybe the token won't x100, but it surely won't go down to 0. So that's quite a decent gamble.

>>18842725
i think you mean redistribution. german retribution isn't a good thing.

>>18843560
lel
Yeah you're right, thanks. I meant redistribution indeed. "Retribution" is a false friend for my native language.

>>18836240
>10+ posts by this ID
thats why

>>18843530
But here's the thing, it is far more than the energy business. SAP's CTO co-wrote their technical whitepaper. You don't just make a GDPR compliant crypto for just an energy use case.

is coinswitch a god place to buy ETH? it says it'll give me 2.38 eth for £450

>>18843784
Staked for 12 months and comfy as fuck.

>>18843724
Dont post if you dont believe
Anyway, more litties for me

>>18836240

What is the tokenomics of this coin? I can't seem to find the need for this token, LIT, within the platform.

>>18844359

>>18840261
So what does the LIT token do for the platform. What I read is that Energy can be transacted in Fiat and Bitcoin on their platform.

Where does LIT come in?

>>18844430
Every transaction is pegged to $0.01 and however much LIT that is

>>18844359
The need is to have very cheap transactions which can also be delete-able and thus GDPR compliant.
This is why you can buy a different amount of electricity with it every 15 minutes. You will pay 1 cent in transaction costs.

I have 3200 LIT. I wanna buy more but I'm a brainlet and can't figure out how to buy more ETH to buy it with (I need to buy from a credit or debit card without photo ID).

>>18844430
the energy is in real time being transacted in lition behind the scenes every 15 minutes on a decentralized secure blockchain. In front of the scenes though, people will pay every month in fiat or bitcoin and the electricity providers will get paid once a month in fiat or bitcoin after tallying up all the lition transactions and converting them to their equivalent value.

>>18836240
>While you were studying whitepapers
I was writing chad trading algoritms and partying
>While you were buying shitcoins like Lition
I was trading all of them
>While you were running a node
I was writing more algos and had sex
And now that your shitcoins went to zero
and hodlers and stakers got rekt, you have the audacity to ask what coin will go to the moon next month?

learn to code bro...

>>18844553
Thanks for answering.

So this is a transaction based tokenomics system? I know they are looking into other ways of accruing value.

Are they in discussion of other methods. Any type of collateral based system?

>>18844633
Nice LARP.

>>18844704
why? r u jelly?

>>18844555
u can literally do that with coinbase

>>18844633
>bro i had sex once!1!!!!!!
>yeah man it was so k00l!
>I wanna buy my escort a bracelet now!1!!! <3

WHAT WAS THAT

>>18844834

I can't transfer coins out of Coinbase without providing ID

>>18845084
sorry, I forgot I was on 4chan.

it's about to dump

>>18845779
you misspelled pump

>>18845779
You keep saying that.

>>18845794
nah, i'm gonna get my buys filled at 40k

Do you need a VPN to buy this on idex if you're in the US? I can't find LIT anywhere on the exchange

>>18844641
Havent seen from the whitepaper anything about collateral based. Staking rewards will come from transaction fees, only in the genesis phase it also comes from a pool. Can you name one that does use a collateral based system? I don't really know these.

>>18846397
Yes, you do.
Hopefully we'll get a burger-friendly exchange soon. But you'd be wise to get in before that.