/biz/ - Business & Finance

>hyped mainnet for months
>nothing happened
Eh

Frens is it bad that the volume is about $100 a day atm, ignoring the washtrades. How can I make it if no one buys this shit?

cope harder lit holders. i feel bad for you guys.

>>23044839
Because we only hyped it here and not anywehere else.

>>23044854
I think both IDEX and Uniswap are fairly legit.
Volume is still above $50k most days. I think you're misreading 100 ETH for $100.

>>23044969
Ok thanks fren. When moon?

>>23044869
ngmi make it

>>23044839
Mainnet was a pre-requisite for all of the fantastic things to happen. I hate people who can't extrapolate further than 2 hours into the future and then project their lack of thoughts onto other people.

>>23044969
>>23045135
>>23045242
COPE you SHITION bagholders hahahahahaha
Literally the most pathetic coin out there

>>23045286
>Your investment is bad because I say it's bad
No worries you'll buy some of my bags at $2 anyway.

>>23045317
He is probably trying to accumulate

>>23045286
Copy and paste FUD. Move on.

I WANT MOON
MAINNET HAPPENED AND NOTHING HAPPENED
ITS NEVER GOING ABOVE 15c AGAIN IS IT

>>23045341
its too late for that.. fud is pointless anyway mainnet is out. juat sit back and wait for the AMA and nect exchange. im thinking binance cause tomochain.

>>23045317
I will never touch this shitcoin
You retards are saying the same thing for a year already
Fucking niggers
Even STA outperforms your shitcoin
The only time SHITION will pump is when the whole market pumps, and even then it will underperform
Stay poor faggot

>>23045375
stfu and sell your bags then. lit is so fresh and unkown still you Mongol.

>>23045375
No. You're an idiot. >>23045242
Do you just buy into project that you know absolutely nothing about?

>>23045399
Copy and paste FUD.

>>23045404
I'll sell once my stake is over as long as it's not at a loss.
>>23045423
I don't even know what a blockchain is, I just trusted my litgen frens. But what is happening? Mainnet and then nothing. It's actually worthless isn't it. Noooooooooooooo.

>>23045375
Relax. Just because mainnet launched it didn't add any more value to the product itself.
Once they open the new sidechain and announce the partnership updates, and the token unlock this month pairs with an exchange listing (which is likely imo), then we'll see our first pump boys.
There's no liquidity so whales can't enter without immediately pumping the price so they will have to wait until the exchange listing, or some solid good news on new partners / sidechains.
Do yourself a favor and lock a suicide stack in staking if your hands are starting to shake.

>>23045473
>Relax. Just because mainnet launched it didn't add any more value to the product itself.
Literally everyone told me mainnet wasn't priced in, but now you're saying it was. How can I trust you, or anyone ever again? Nooooooooooooooo

>>23045375
Cheer up fren, we've been outperforming practically every alt that's being shilled on this board mainly in the last month by going slowly up instead of slowly down.

>>23045399
No it's not.

>>23045463
>>23045494
I honestly can't believe your ignorance. I can try and spoonfeed you but you'll just spit it out anyway. Please sell and leave.

>>23045423
>Copy and paste FUD.
cuck

>>23045473
Based and LITpilled

>>23045552
Already said I am selling once I finish staking.
Not everyone who bought lit is high iq, I bought it for the memes. And I almost definitely have a bigger bag than you. Deal with it fren.

>>23045760

Go and sell. You will cry even harder next summer when you can't even buy a 10k stack.

>>23045870
Nice larp fren. Look at the all time chart and tell me that again.

>>23045918
It's been slowly going up though

>>23045918
Go and sell. You will cry even harder next summer when you can't even buy a 10k stack.

>>23045918

Go ahead and sell. We don't want your shitty posts in here. We had fags like you whining when LINK was crabbing at 20 cents as well.

>>23045918
Chart means shit. Look at Chainlink all-time chart. It "peaked" in January 2018 and then did nothing for a year and a half. You think the linkmarines sold? No, because the short term price doesn't mean anything if the fundamentals are there. Now consider that LIT current marketcap is about 1/10 of LINK ico price and it's much less known than LINK in 2018

>>23045760
Honestly, what were you expecting? You expected it to pump with nobody knowing it exists and almost non existent liquidity?

Heil Litler

>>23046233
LIt also isn't really available for normies to buy, we need a proper exchange listing.

>>23045494
go throw some money at other shitcoins, you clearly have no idea what you're putting your money in!

learn to dyor and stop fucking complaining...

i hope you sell before they anounce a partnership you weakhanded faggot

When bLITzkrieg?

>>23046721
Sieg Heil!

>>23045473
Why would the token unlock be paired with an exchange listing? Could someone enlighten me?

>>23045870
>>23046127
Samefag nooooooooooooooooooooo
Nice chart by the way.. you do know anyone can draw wavy lines right?

>>23047273
Liquidity for the exchange. I'm thinking binance will take it. They probably had it lined up and we're just waiting for mainnet to release.

>>23045286
Good argument, well thought out and thorough.

>>23047838

Dare to dream. Would be amazing.

>>23047049
Heil LITler o/

Iron handed stakers

>>23048356
You don't need iron hands for staking anon. Weak hands should be staking.

>>23047838
Makes sense, there is a reason why there is a token bridge

>>23048371
Cant get more iron handed than being locked into a staking contract - is what im saying - but thanks friend

>>23048371
I bought at 12c then held all the way along the slow decline to 4.5c. I nearly sold then but decided to hold a little longer. My hands have been thoroughly tested.

>>23048888
Quads confirm. I will never sell.

>>23047049
The element of surprise is a major strategic advantage, our beloved superconservative leader Lohwasser knows that very well. Litions Reichsflugscheiben are armed and ready for take off at any moment and will probably vaporise our enemys when they least expect it.

>>23048888
>>23048966

>>23048966
*enemies

>>23048888
>>23048933
>>23048966

Quads and dubs. Never selling

>>23046269
>>23047838
They just announced their liquidity incentive program on tg:
https://medium.com/@Lition_Block/introducing-the-lition-uniswap-liquidity-rewards-program-50b18dfcbcae

>>23049825
Yeah and it's a load of shit half hearted bullshit that won't go close to solving the problem. It's almost like they embrace the death spiral

>>23049825
>https://medium.com/@Lition_Block/introducing-the-lition-uniswap-liquidity-rewards-program-50b18dfcbcae

So if you put in 10000 LIT and 3.5 ETH or whatever it is.
You'll get x% of 100000 LIT, 0.3% of all transactions done on uniswap times your percentage.
But my question is about the 10000 LIT and 3.5 ETH, if the price of LIT goes up, wont you get like 6000 LIT and 6 ETH at the end?

Also how does this work for taxes?

>>23049953
Why not?

>>23049825
i also don't get why they don't go for an easy echange listing and use this bandaid solution...

>>23050151

Who said that's the only thing happening in the coming months?

>>23049953
>muh death spiral
Do you even know what you're talking about or you just regurgitate random shit you read from biz to look smart?
>>23050100
It won't be THE solution as a decent cex listing would be, but it's actually a great start.
>>23050074
Read up on what impermanent loss is anon.
You need to keep it mind that pooling on uniswap is mostly only a good idea if you think that the price will crab, otherwise you can miss some gains along the way.
You don't actually hold your tokens anymore, your LP tokens just represent your share of the pooled tokens. Meaning that weeks / months down the road the ratio of eth/lit that you can withdraw can be different then what you put in initially.

>>23050275
>You need to keep it mind that pooling on uniswap is mostly only a good idea if you think that the price will crab, otherwise you can miss some gains along the way.
The fact you wrote this and attempted to defended this bullshit idea at same time, kek
This will solve NOTHING
AWAIT THE DEATH SPIRAL FOR IT HAS BEEN FORETOLD AND CANNOT BE STOPPED

>>23050164
If it is that's pretty fucked

>>23050581
And if it is not, you put your lit in the pool.
They announce
>lol, also binance
Price moons
You get half your lit back whilst all other anons celebrate.

Is 50k enough to make it frens

fuck ahmad salam, fuck jannies, fuck niggers and fuck mike from mumbai

green id and dubs LIT $10 EOM

>>23050631
This
This puts to bed any chance of a new exchange

>>23049825
I guess this is good, most people have stacked their lit rather then pooling it. So insentiving pooling on uniswap isn't all that bad for liquidity. But frankly they should be filling up that pool aswell

>>23050710
AAAAAAAAAAAAAAAAAAAAAAA

>>23050664
no probably not, go for 100-200k, i'm counting on around 10 $ in 2 years so that would mean 1 milion, if you are content with 500k then 50k is enough

>>23050996
for my risk/reward the $500k should work, thanks

>>23050710
Big exchanges will list us for free - we have customers who will want to purchase lit pay bills and also will have lits to sell from their solar panels so it is in their interest to facilitate people who want to trade.... you all do realise that lition is actually creating adoption right now and over the next year lition energy could be the one product .... woah woah woah i nearly started spoon feeding you retards .... fuck off back to telegram and reddit .... fuck normies too

>>23050710
not really, i just meant that if you decide to provide liquidity, chances are you're going to get justed.

>>23051114
Well not really, if the price x2 you only loose about 5%. With their program you should be compensated

>>23051235
No if you start wit 10000 lit and 3.5 eth and the price 2X's you get back 7500 lit and 5,25 ETh, plus their payout.

Meanwhile if you stake 20k, you'll have 20400 in a month no matter the price.

>>23050379

>>23049264
Never selling

People asking for a centralized exchange are so fucking stupid. DID YOU READ THE NEWS? Do you understand what happened to bitmex? Did you watch Chico's video about it? Do you understand Kucoin, Binance and all other big exchanges are next? The big dogs are coming! Banks want to be the only exchanges. Lition is compliant and want to stay compliant. This means staying at the sideline the upcoming weeks untill the EU's new regulations get accepted and shit will hit the fan because centralized exchanges won't be able to comply. Check this paragraph: "Crypto-asset service providers (and notably trading platforms, exchanges and custodial wallet providers) will be required to have a physical presence in the EUand they will be subject toprior authorisationfrom a national competent authority before starting their activities. They will be subject tocapital requirements,governance standards and anobligation to segregate their clients' assets from their own assets.These crypto-asset service providers will also be subject to IT requirements to avoid the risks of cyber thefts and hacks.". Centralized exchanges are going to get a hard time the coming months. Let's see which exchange has the ability to comply. Now read this from the Binance wikipedia: "On February 21, 2020, theMalta Financial Services Authorityissued a public statement responding to media reports referring to Binance as a ‘Malta-based cryptocurrency’ company. The statement noted that Binance “is not authorized by the MFSA to operate in the cryptocurrency sphere and is therefore not subject to regulatory oversight by the MFSA.” The MFSA added that it was “assessing if Binance has any activities in Malta which may not fall within the realm of regulatory oversight.”. Binance is screwed in Europe.

>>23051679
Cope

Everyone in this thread is going to make it except this guy >>23051784