/biz/ - Business & Finance

why did no one tell me staking was so comfy? i literally dont care what the current price of the token is, i dont have any need to check the charts, i can just sit back and watch money spawn.

>>18853249
pssssst don't tell anyone. The more stakers, the less your rewards

Just a thought:

If the spreadsheat from that anon yesterday is right:

If there are on track for 236k cutomers, yearly value pumped into steaking is about 7 mil. dollars...

If you consider 10% roi is good in traditional finance the mcap will be around 70mil just for the energy sidechain...

Just my 2 cents

>>18853198
Hasn't dumped enough yet. This shit was 2 cents a few weeks ago.

>>18853763
This. Waiting for five cents again to top of my bags

>>18853763
>>18853978
Not happening.

LIT cannot dump.
The order book is too thin to dump because of all the people buying LIT for staking.
There is 20mil out of 60mil staked.
Get ready for $0.20 within 7 days.

>>18853623
this, so many of the people shilling LIT the past three weeks don't realize they're going to get less and less $$ the more people stake. why don't you stake for a year before shilling this coin on a daily basis.

>>18854247
Lol if BTC shits the bed, it’s taking Lition down with it. 5 cents may be hard to get again, but 7 cents definitely isn’t

Pro tip: You can’t

How do i get lition? Can i exchange using trust wallet?

Yup. already have 15k stacked picking up extra 5 as soon as it hits $0.7

>>18854271
>>18854342
I missed out on 7c purely because I wanted to go to sleep and sort shit out in the morning. So mad I did that. We may never see that price again lads.

I have my cash ready if we drop to good levels, otherwise i have my 220k stacked. /comfy/

>>18854969

i can't see it ever going that low again.

>>18855120
it could if bitcoin tanks soon

>>18855073
Nice Anon. I only have 40k but I already feel very comfy with it. I will add asap anyway.

>>18853198
We're all going to make it.

>>18854335
buy etherum, then go to idex.market and exchange there.

>>18853198
Stop shilling, I'm still loading up

>>18854335
It's a scam coin, don't buy it. Buy something else, like link or hex

>>18855769
Good. I'm fully loaded up but lets not make the mistake of last time and hype this to the max. Keep this on /biz/ only for now so everybody can grab a piece. I say we start shilling it to outsiders once we have to break through the ATH.

>>18855769
its going to dump, relax

I've started staking, just a month at first. If i'm happy with the gains and it dumps i'm quintupling my stack and staking for a year.

What do you think will be better for crypto income longterm, LIT staking or ETH staking?

>>18854265
>why don't you stake for a year before shilling this coin on a daily basis.
Because they are not actually staking and they want to dump on pajeets who will not be able to get out. At least that's what I'm doing and it's working

Who here comfy af? Its nice to know in a year im going to be filthy rich

>>18856615
6 Months = 1.6
1 Month = 1.2
1.2^6 = 2.985
Why are you retarded?

>>18856681

Thats not how it works

>>18856681
imagine being this retarded

Unironically just sold my non-staked LIT for the dump thats coming

>>18856681

>>18853198
Why would you buy when it's 5x off the floor?

Just buy UND, desu.

>>18856615
AAAHAHAHAHAHAHA. 6 months?! wew.

>>18856771
by the time the market dumps LIT can do a 3x and then dump 50% with the market. Good luck

>>18856705
It's basic mathematicery

>>18856986
Which you fail miserably

>>18857083
you're just coping that you've locked up your coins for 6 months while the next crash will obliterate any gains you've made

>>18857188
youre coping because you lack basic math skills

>>18857216
Yeah sure :)

Believe it or not, i have traded hundreds of different altcoins on over 20 exchanges since 2013 like a maniac, but i wouldn't dare to gamble with my 200k LIT below $5.

>>18857275
what does it say?
Swing LITters get the gas?

>>18857257
the rewards wont be the same forever
please use your brain

>>18857401
Swing dancing forbidden.

>>18857498
Yes, but the date when that changes is 'tbd'

>>18857401
swing-dancing-forbidden.jpg

My best advice for every LIT daytrader would be to make some extra profits with other cryptocoins instead. LIT is a sure bet in my opinion.

>>18853752
This one?

Got more rewards today than yesterday. The gift that keeps on giving. I'll buy a bit more and make another stake as soon as ETH gets a bit better.

By the way, this sign was an album cover and movie prop. It´s not authentic. Krauts can read the background story here:
https://pophistory.hypotheses.org/527

>>18853198
BMW and Daimler are joining Lition Blockchain regarding energy and supply chain usage. Just got the info a few minutes ago. Fuck it im going all in.

>>18853198
Shitcoin?

>>18858668

how do you know? LARP more....

>>18858668
rumors about usage in automotive were spreading in Dec/Jan if I 'member correctly.

Is this somerhing new or just old news used for LARPING???

>>18858801
2 of Lition's board members previously worked with BMW

>>18858801
>>18858801
larp>>18858848

>>18859024
Im not larping you faggot

im sitting here doing the research on $lit to see if there is any valid reason to buy some

suck a dick

>>18856344
why would you wanna get out? this is just the beginning

>>18856681

It’s 1.6x rewards, not 1.6x the total amount you staked.

>>18859024
Kek

>>18859054
this. Getting in now and getting as much as possible, we early so it's only going up a lot for sure

>>18859054
Yes it is.

Redpill me on this? What's the purpose of staking if they don't have users?

>>18857796
Man I need this to be fiddy bux to make it.
Sad days.

>>18857275
$5 doesn't seem like that much given the circulating supply.

>>18861351
Literally 50x

>>18861044
Idk anon, personally I think it's dumb to target "make-it" numbers. Just take every moonshot you can until you have enough to make it, and more importantly diversify.

Also who knows how the markets will be in a year or two, marketcap ratios may change dramatically and push the price way further up then the pic. If BTC dominance falls for example it may be easy to get to $50.

>>18856681
>6 Months = 1.6
>1 Month = 1.2
>1.2^6 = 2.985
>Why are you retarded?
Based retard

>>18861032
>Redpill me on this? What's the purpose of staking if they don't have users?
Attracting pajeets to dump on them once they're locked. Basic pumpamentals

>>18862403
BMW and DAIMLER confrimed you retard.

>>18862403
So it's a pyramid scheme?

shitcoin

>>18863119
where/when?

>>18863119
Confirmed what?

just got myself suicide stack

>>18864381
What even is the suicide stack?

As >>18862403
pointed out, this is basically a pyramid scheme.

>>18856071
Skelly is a commie, and wants rewards to be low. The lit guys are trying to control the whole energi market, by having multiple brands reach all the different segments, while they all run on the litium platform. This gives fantastic monopolestic advantages, such as high network fees.

>>18865140
welcome to proof of stake anon.

>>18865653
As soon as the majority of staker contracts run out we're going to get dumped on. This shit will be worthless by EOY.

>>18865826
No matter if the coin itself is worth 0.01 or 10, it will still have intrinsic value since once staked the energy company (yes, this is an actual project with value, a product and customers, not your usual pajeet-tier pnd shitcoin) will redistribute a part of its profits. Owning and staking LIT basically makes you a shareholder with fiat returns. And this alone means the coin itself will never be worthless.

>has a product
>has customers
>has growth
>normie-friendly
>muh green energy incentive
>GDPR compliant
>staking with high rewards now, passive income in the future
>German team with barely any chink or women

What are you waiting for /biz/?

>>18866022
you forgot
>broken blockchain, centralized bullshit

>>18861032
>What's the purpose of staking if they don't have users?
What the fuck are you talking about? They literally have thousands of customers.

>>18863119
Just repeating it doesn't make it true.
>>18865826
They all unlock at different times you moron.

>>18866045
>Doesn't know that they've fixed consensus

I found out the lead developer is argentinean a couple of days ago. Obviously I got out asap. Thank god I bought cheap a while ago so I got out with a nice profit.

>>18865959
>redistribute a part of its profits
Sounds like communism, typical Germans.

too much of a brainlet to buy. fml

>>18866243
>invest in business
>get shares in return
>if the business succeeds, you get dividends as a shareholder

This is textbook capitalism my economically illiterate friend.

Where to buy for an american?

>>18866380
idex with VPN or coinbase in a year

>>18866380
Sorry we've had to place an IQ barrier until mainnet 2.0 is launched.

>>18866346
More like textbook pyramid scheme.

>>18866380
hotbit

>>18866444
It surely is a barrier where no one with a triple digit IQ can enter.

>>18866762

>>18866406
>coinbase
Why would coinbase ever list this project?

I'm in lit and I just cashed out all my BTC to get more. Love my litties.

>>18867003
Because it will be one of the leading cryptos due to genuine utility.

>>18867092
Explain how the token has any actual utility?

>>18867128
The energy business has thousands of customers who cause multiple transactions per day individually (up to 96). The token is fundamental for the energy business. In Q3 they will get the regulatory go ahead to be able to allow their customers to pay for their energy at a discounted rate using the Lition token.
There are also things like their SAP partnership. The CTO wrote their technical whitepaper. GDPR compliance shouldn't be overlooked either.

>>18867222
>The token is fundamental for the energy business
How did the energy business ever survive without it

>>18867239
They have no competitive advantage without it. The token is the only way they can efficiently have a p2p energy business.
The energy is also just one use case is just one use case. Lition is a lot more than that.

>>18867128

>>18867321
>spoonfeeding sub 115 iq mongrels who should not be able to make it

You're a Saint.

>>18867346
Nice summary for ants.