/biz/ - Business & Finance

When will i be able to live off the stake rewards on 100k lit ?

Jeez, a little Lition in this see of nulinker feels good. We've been pumping for fucking days and weeks I'm glad that faggot put up his 100eth sell wall so I can accumulate more

>>21185889
Well with 100k lit you should be generation 30k lit per year. So for this the price needs to be 1 dollarino.
EOY.

>>21186142
Yeah, it's a good day to get some last lit under 0.0004 ETH.

>>21186181
That's not how it works.

>>21186142
Whats the suicide stack btw? Bought a 7k bag yesterday.

>>21186242
Hahah pepe maker you can make a better quality edit common

buy the dip

>>21186708
no i was lazy kek. maybe later.

still holding after months, not selling, I want to see where this project goes

lets go!

Sitting on a 10k bag because im a poorfag, but this project will make us millionaires in the next 2 years.
Potential to upend the entirety of the energy industry, with even more potential when nuclear fusion energy becomes viable.
I wont be able to eat anything but doritos until my next paycheck, but I need more of this.
We need more memes, the linkpocalypse atm will be nothing compared to our gains.

OBLIGATORY POST
DAILY REMINDER:
[X] Mainnet Go-Live soon (Q3 2020),
[X] GDPR-compliant
[X] Energy Use Case backed by their own company, having a working business model with millions of revenue
[X] Developing Business Side in parallel with Blockchain Side
[X] Top business angels and advisors on board
[X] SAP partnership
[X] joined EEA EMINENT Task Force
[X] Huge, legit Staking Revenues since several months
[X] Listed on Uniswap, IDEX (and some shit exchanges) which means you're still early
[X] ranked as the #1 green energy startup in Germany
[X] attracts high-effort FUD in an attempt to keep it down
[X] cup and handle price pattern
[X] accumulation signs, whales were accumulating the past few months
[X] we're entering the next lit bull cycle, history always repeat itself

my golden rule is:
[X] BUY THE RUMOR SELL THE NEWS
[X] BUY THE RUMOR SELL THE NEWS
[X] BUY THE RUMOR SELL THE NEWS
mainnet release will make the price skyrocket like elrond or more
you have only few days before the price goes parabolic (already started), buy now or you will commit no breathing when you realize you missed a life time opportunity to make it
>tfw you tried to help anons selling the May top and buy the July bottom but no one listened
doesn't matter, we all gonna make it because this shit is gonna moon the hardest, mark my word, mike never lie

>>21187122
any old rankeesh gang who remember this?
>https://imgur.com/a/rWVGexU


>>>>/biz/thread/S20009237#p20014064
>June 29
>i told all of you to sell before june and buy back in late July or beginning of august, but no one listened
who here listened to based mike? i think no one listened to me
we all gonna make it anyway frens


but that piece of shit dumb whale who put 2ml littion sell wall at 0.00035 in april is now putting a 815k sell wall at 0.00042, the price gonna crash a little bit but no worry it will get eaten soon enough

>>21185336
This collage is so good, just spent ten minutes studying it. Contained within are lots of original Lition memes. Based, and well done.

>>21186181
When price of LIT token goes up, the amount of LIT tokens paid out in staking rewards goes down (because transaction fees and thus staking rewards are pegged to USD). If number of transactions, amount of LIT staked and price per LIT token all raise proportionately, then sure ... but there’s no way that is going to happen.

>>21187243
Not mine, some other anon posted it today.

>>21187150
Wow, that was really good investigating or prediction. Either way, well played and good calls mike.

>>21187286
>but there’s no way that is going to happen.
They are literally going to have millions of transactions in the energy sidechain. It will be enough.

hyundai dac seemed to have a similar approach with their coin, but they havent done shit in 3 years.
this has promising partnerships and a based vision.
i'll buy the dip, sirs. here's to the moon.

>>21187150
I'm contemplating right now whether to buy the majority of that sell wall

>>21187504
First I've heard of it. It's not GDPR compliant and it's looking to be a part of the IOT. Doesn't really seem to be that similar.

>>21187150
Can you post his address?

>>21187534
Do it, you wont regret it.

>>21187534
They're going to announce the launch of mainnet any day now. Do you want to miss out?

>>21187472
yeah with 100k and half of the supply being staked (50 million).
You'll get 1/500th of the earnings.
If you need 30k to live, lets say 100 bucks a day, you need 50000 usd or 5 million txs.
Yeah thats going to take 3-5 years imo.

>>21187953
>half of the supply being staked (50 million).
You're ignoring the fact that dozens of different sidechains will open and diffuse the staked tokens amongst each other. I wouldn't be surprised if the energy sidechain eventually had max 20 million tokens staked post mainnet. You won't even need 5 million transactions.

>>21188154
Now I'm curious to see all opinions on what 100k LIT will produce in max LPS or trust node staking with LIT @ $1, $10, $100, etc.

>>21187782
>>21187729
I'm fucking doing it guys

>>21188154
That’s a great fucking point!

>>21188154
Well it depends on which sidechain produces how many transactions.
I would expect that the tokens staked will correspond with the number of txs since thats the revenue source.
Thus indeed there maybe only 20 mil staked on energy but only if the other dApps generate 1,5 times as much txs together.
Total txs on lition should be 5 mil according to my quick calculations.
But since anon has the intention to live off staking, he'll probably stake for a year or even having a trust node giving him a 2x edge while the average staker will probably have 1,5x. So lets say 3,5 million txs/day.
So yeah 1 million households, 10k companies doing 96 txs a day. Gives two million for energy. Then 1,5 for other usecases.
I'd say three to four years from now.

Lit Uber Alles

>>21188564
>with LIT @ $1, $10, $100, etc.
The dollar value of LIT doesn't affect the dollar value of staking rewards. It's completely based on number of transactions and number of tokens staked within the sidechain that you're staked in. 100k LIT will mean that you will not only have sustainable income but you will be fucking rich.

>>21188616
Nice.

>>21188869
I’ve been hoping a single trust node would net ~100k USD in annual profits but now I’m thinking that’s a bit of a stretch. Does that seem crazy to you?

>>21188810
Of course. We're dealing with a lot of unknowns.
>but only if the other dApps generate 1,5 times as much txs together.
Yeah I think this is very likely in the medium to long term. Remember who they are partnered with.
>So yeah 1 million households, 10k companies doing 96 txs a day. Gives two million for energy
I don't think low energy consuming customers will only be doing one transaction per day even though they obviously won't be doing 96. The whitepaper did say that 1.5 million transactions in 2020 was their target.

>>21188982
My opinion is that in the medium to long term that isn't just possible but likely.

Pro tip, all investments will converge on approx 7-12% annual return (unless they are unusually risky or a scam), just like the total stock market. The price of the token will rise or fall to meet this range.

>>21189258
What do you base this on?
P/E converges to 20 and only decades into maturity, see amazon 2 decades old still 100x PE.
Or alternatively no high growth stock pays more than 2% dividends.
So i dont see why it shouldnt go down to 2% or less desu.

>>21188616
How's the buying going?

>>21189882
I didn't make it into the sell wall but made it to the sell wall

>>21190354
Alright, fair enough.
No pressure, were all frens.
Someone else will take it down.
Would have been nice if it happened in this thread because of the title.

>>21189769
I based it on the total stock market. Dividends aren't a good comparison because lots of companies don't pay dividends and/or do stock buybacks instead. Main point is LIT isn't going to give you 20%+ returns for long, the price will go up until it's back in that ~10% range.

>>21190959
To clarify, I'm taking about staking returns. Obviously, I think the price will go to the moon.

>>21190867
Yeah I slightly exaggerated my whale status sorry about that
I have however just transformed from suicide stack to make it club and it feels very nice.

>>21191157
Have a bloon, good sir.

>>21191329
Thanks fren

mfw only 50k LIT :(

Idex wizards, could you give me the eth adress of the guy that put the sell wall? thank you

Guys I did something autistic again.
I went through 3 popular blockfolio threads of the last week and tabulated most of the holdings of about 80 /biz/ folios.

Link was the most popular with 2 out of 3 folios containing linkies.
Ether was next with half, bitcoin followed with 32%, Kleros with 16% and Ripple with 13.5%.
Then what follows was stakenet and statera, both in 8 folios or 10%, RLC in 7 and then DFOhub and Lition with both 6 folio representations (7.5%).

But interestingly when I added up all the holdings and took it as a percentage of total supply (fully dilluted). Lition was on top with 1%, stakenet with 0.25%, statera with 0.22%, kleros with 0.114%, Akropolis with 0.105%, RLC with 0.073%, DFOhub and VIDT with both 0.067% and then Chainlink with 0.39%.

I assume the big linkie stacks dont post their folios anymore because they are gay. What do you make of all this?

>>21191830
multiple people

>>21192170
That Lit is the next Link. It will actually be much bigger. We already knew that but thank you for your service fellow litard.

>>21191634
Dont worry richard is quoted as saying “if you stake it you will make it” in the last ama
50k will make it there is cut off point heck even the 10k lads will make it there is only going to be 100million at full dilution

Ok, newfag to this despite seeing these generals pop up lately. A fellow PM Chad is holding only this crytpo. I have the uniswap app but am unable to find it. Can you lads tell me what I need to do like I'm retarded, because I kind of am.

>>21192719
Use Idex if you can.

How much would I get for staking 50k?

>>21192798
trust node? probably a bit over 30% APY

>>21192719
Dear low IQ anon,
First of all, congrats on your shiny rocks. I'm a fan too.
Second of all, go to the OP. You will find this link:
https://app.uniswap.org/#/swap?outputCurrency=0x763fa6806e1acf68130d2d0f0df754c93cc546b2

This should help you to swap ETH to LIT. There is as of yet no shiny rock - lition marketplace.
I have not used uniswap myself so fair warning.
I always use IDEX.
https://idex.market/eth/lit

>>21192170
>Guys I did something autistic again.
basiert

>>21187534

I just tried to poast the gif I made this morning, thanks for picking it up anon.

If you post this you have to put "OOOH JAAA PUMP MEIN ENERGIEMÜNZE VATER LOHWASSER" in your post.

>>21193110
Based

>>21192170
I’m an ex-link whale and a new lit-whale, I know a good project when I see one, thats not the hard part. The hard part is to hold it long enough, not swing. The hardest part, when do you sell?

>>21192231
What do you mean multiple people? He put multiple orders of the same size at the same price? They dont come from the same wallet?

>>21192170
kino

>>21193404
So? When did you sell your linkies?
When will you sell your litties?

Poorfag here, buying 1k litties

wtf LIT only has a $5M mcap that's uniswap pnd pre-pump tier, is this the next link? what's the suicide stack

>>21186685
You’re gonna wish you had more once this starts to run. 10k minimum for suicide stack.

>>21193789
10k for suicide

>>21193789
10k suicide bro, wish i had more cash I could pump my 15k to 25k, but im fucking poor.
Get in bro, we're all gonna fuckin make it.

>>21193789
its about 10M because coinmarketcap is not up to date.

>>21194444
HOLY FUCKING CHECKED

>>21194444
Nice digits

>>21194416
I have the same feel. It's bad but making it is relative. I actually have work I want to do so not needing to work for the rest of my life isn't even much of a goal.

>>21194444
check em

>>21185336
Got $15k to go full schizo with. What’s the outlook for a eoy 2021?

>>21195082
You'd be unlucky to have $150k

If I know anything about memes (and I do) we're in for an easy 10x.

Alright lads I'm in 7.5k stacklet

>>21195718
Good, stake them for a year and you'll have a suicide stack.

Allright im going to bed.
Burgers will ignore this as usual and the thread will die soon.
C'est la vie.

>>21195454
10x is fud.

>>21195951
Lition will one day have its own board

It's really fucking hilarious how hard the whales are trying to keep this one low. These huge sell walls have been set so many times before on LIT and I'm getting more bullish every time. There is no way a project of this scope has a lower market cap than most Uniswap scams these days. The price should be way higher, especially in this current market. It's just basic logic at this point.
Once LIT hits a proper exchange such retarded price suppression won't be able to go on anymore and you won't be able to grab those sweet litties under a dollar ever again.
Screencap this faggots.

>>21195082
>>21195305

in 2021 eoy, probably 500k

>>21193587
I sold progressively between 5 and now, 2% a week. I'm not a whale anymore I only have 50k left

>>21193701
common bro 1k, where are you from?

>>21194444
He walks among us

Dumb Americans letting this thread die. There's a reason why we hate you.

americans are worthless

gn yuros

Bump.

>>21197931
>>21197984
>>21197899

Let it die, I legit don't want burgers in, they ruin everything and their country is going to shit anyway

>>21195750
10.5k now, I ignored link.
Not. fucking. selling my Litties

fuck coinbase