LITION CHADS

cringe

I try to enjoy watching people lose money, I really do

Buy UND you idiots, normies will never buy lition.

They will on the other hand buy UND.

The irony here is nauseating almost

Dub after dub. We’re gonna make it

I only got 1k lit... Sigh....

Estimated price peak?

poorfag here. only got 150 LIT, will I eventually make it?

This is honestly just a great, useful project and the people behind it seem capable. Getting Chainlink vibes.

agreed, I had my doubts on the consensus mechanism and necessity of the token overall since this is very often a weak point in those start ups. But it is quite convincingly written out in the technical whitepaper p.12-16 (co-written by the SAP CTO btw.). Interesting too that much of the technical whitepaper deals with the banking use case, short comings of SAPs hyperledger and LIT's contribution to a solution, rather than the Energy sector, where LIT has already a fully operating platform in Germany. This puts the partnership project with Germany's Raiffeisenbank in a very promissing light.

There will be a critical point in a few months when it comes to switching to their mainnet. The timeline seems very steep given that not all required elements were in place yet at their February test net launch. Having said all that, this is still sub 10m, absolute no-brainer at this point in time. Once we reach CMC page 2 timelines will become more relevant again.

thats interesting, they're stressing the importance of the banking use case not the energy market. I know they're already working on expanding their hold on the energy market to as much as they can in germany with SAP and that's not even their primary focus?

That was originally their main focus, but then they realized the underlying technology had far bigger use cases than only the energy industry

any idea if they plan to continue to press with the energy industry or kinda let it sit and move on?
its still a great use case and has a great ring to it with the way they're promoting green energy with it

Looks to me like they shifted focus to building a blockchain with regulatory compliance and scaling as goals instead of just focusing on their energy business and specific use cases. Blockchain projects are all about positioning and getting people to use yours vs others so having someone like SAP helping you with scaling and having compliance built in is great, along with their great positioning from their energy sector business ties and now the banking stuff.

They have a working energy exchange product as far as I know, in the form of a dApp. German anons were posting that you can already use it to buy electricity from various providers. So it's not just a use case but already working.

youre right, bad choice of wording. I was watching an interview from a while ago w/ LIT CEO and SAP CTO where they wanted to expand their energy product as much as they could in Germany
Wondering if user had any idea if that was still on their timeline.

Aaaaaahhh

Wish I knew.

I think people should look at crypto currencies as an extension of the blockchain industry as a whole. Assets like LIT, VIDT, LINK are the next candidates to really blow up in a bull market, since they are companies that are further developing this industry and introducing ways to monetize this technology.

got 1.4k lit (poorfag) here. still gonna make it.

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aboslutely agree, im mostly invested in LIT and LINK for that exact reason. I simply believe the long-term application of blockchain. Haven't looked into VIDT much yet, what about it is promising?

3500$/coin 2020 if we're in the dankest timeline

I don’t think it’s that promising, I only mentioned it cause it falls within the same sub-category of crypto assets. It definitely has potential, but I don’t see an easy path for this to see mass adoption. True, they do have a small number of clients, but don’t have any competitive advantages such as a large established software giant backing them.

However, the problem they’re addressing will be a real issue as things like deepfakes become a common occurrence. Think about a scenario where presidential elections can be decided by FUD videos. In this case, blockchain might be a way for political candidates to verify to the general public that this is indeed the original video. Interesting to think about.

Definetaly check out VID-T aswell man, at worst it's going to hit $1, They're a dynamite team, always on schedule and have a solid road-map + real world clients.

Lition threads actually have good and pleasant discussion. Definitely sticking with this coin. Wish you guys the best.

Agreed, feels refreshing to have an actual conversation on this shitty board.

Very frustrating seeing people fall for the FUD about Lition, when it’s is a very solid project with huge upside potential

imo the idea is solid I like that.
i just worry upkeep and netowork costs for their blockchain would outdo any revenue they would make off verifying files, doesn't seem like the most profitable business.

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were gonna make it user, just hodl strong

Should I quicksell right now and buy again when it dips tomorrow

I'm sure they wouldn't setup a business without these sorts of things in mind, at the very least grab a stack before the teir 1 exchange release

Likewise man, I'm yet to buy some lit but will get a 5k stack this weekend!

This is actually the biggest hurdle for me. Sure LIT sounds like a good idea, but there are no good memes about it. Looking at LINK you see it's undervalued even at 6.9k based on the MSI(Meme Strength Index). Lit shouldn't even be trading at .03 usd based on the msi. Kind of concerning when it comes to future developments.

Is anyone here a former payfair refugee

im a poorfag but ill definitely look into it more thanks for the info, seems like an actual project and not a shitcoin

I think this is because we haven’t seen mass awareness for this project on this board yet.

The smart money moves in first, then the dumb money follows. Once they show up, that’s when we get the “$10k EOY guaranteed” idiots.

I’m not saying this can’t be the coin that gets a $10B+ valuation, I’m just saying that you should always create a bear, base, and bull case for your investments.

>Price goes up, dips and immediately recovers.
>Should I sell?
user I...

Defs do man, it's one of the only low market caps I feel stupidly comfy in, it remained stable during the last brief alt crash and has been holding onto it's gains Vvvv well

How do I buy this when there's no volume??

So let me get this right, the CTO of the giant software machine that is SAP with billions of revenues co-authored the white paper, has an active advisor role as per linkedin and interview, another SAP team member announced their co-innovation partnership at Consensus 2018, they have real use, 1 being p2p energy, and 2 being a $20m bank loan on the blockchain, talks with German government, talks with Arrington Capital, market cap under $10m, prolonged lockup period, application to Binance DEX, top volume on IDEX, GRDP compliant, and this is still sub $10M?

This is either the greatest scam of 2019 or the best undervalued crypto of 2019.

You seen what Oracle did for LINK, consider what SAP can do for LIT.

Oh btw SAP has a larger market share than Oracle.

Drops microphone. Scoops up pageet’s tokens with 20eth market buys every few hours.

I own a 20k stack am I gonna make it fren

Bought a hundred bucks of this shit at 6 cents and at 8 cents. Feels good to finally have a coin in the green.

Holding 6k from this coin bought at 1100 sats...am I gunna make it?

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2.2k Lition officer cadet reporting for duty.

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Fixed

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AAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHH!

FUCK YOU Jow Forums!!

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This is a medium to long term hold, do you retards check the price every 5 minutes ??

no, I check every minutejavascript:;

Someone in another thread said 22,222 will be worth 1 million if the market cap blah blah blah. So 20k is right where you wanna be. I'm at 1k. But damn I'm buying everytime I get this chance

I think 20k is what you need to run a node (although they said they will adjust it based on usd price or something)

i want 50k or more. Hope to get there before end of summer

Finally decided to buy in tonight and grabbed 5k. Price jumped up significantly from just a 6 ETH buy. How the fuck am I supposed to get any of this shit if $100 is enough to make it swing 20%? It looks good on paper but I'm getting some shitcoin vibes here. Do exchanges really fake volume this much? I figured my 6 was a drop in the bucket compared to 8.5k ETH

Kek. Nice one! Saved.

My man...

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It's because most of LIT's vol is from bots trading hidden orders on Hotbit. Just wait for LIT to get listed on a big exchange, and you won't regret for a second buying in now. Check out the fundamentals and then compare those with the mcap. It's a nobrainer.

It would LITerally surprise me if this project isn't valued at the billions sometime in 2020. This is huger than huge.

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You’re getting shitcoin vibes because that is common behavior in ALL low market cap assets. If you go back to the early days of any top coin, the order books likely looked the same

Now imagine what happens when real money flows in.

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BASED

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Hey Litbros, serious question here. Due to the chainlink hype, I now have nothing but a suicide stack of link, 2 ethereum, and 2,550 Lit. Should I sell my eth for lit? It would be like $600 in fiat. Pic related.

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I know I would. LIT isn't gonna get any cheaper than this ever again. It's just waiting to take off for real. The recent surge will look like a blip on the radar in just a couple of months from now.

dump it now for CHR if you like compounding gains.

not buying your bags rakesh

Buy Chainlink.

I just checked on my linkies and boy is there a whiff off them.

I believe my linkies will stay extra stinky

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Literally got a kike on their team. No thanks.

That's what I was thinking. I just put one eth into it while waiting for replies and in that short period link went from .34 on coinmarketcap to .3 just after I hit buy lol. But it and link has actually been making me satoshis for the most part. And lit has been sustaining its huge upward moves which is incredible. The question now is if I should hold my last eth, put it into lit, or put it into link? The TA on both graphs is useless for me rn when you are dealing with so many different fundamentals in the early stages of development. everyone is saying cup and handle for lit but are they using the near ICO levels as the previous peak? It could defiantly see a breakout as the volume for lit is way higher than the volume on lit on idex which makes no sense to me at all.

What exchanges do you use to get ur hands on these less known coins? My exchange only deals with likt the first 10 cryptos or the biggest 10.

Missed the chainlink ride.

Redditor found

ORACLE SMALL LIMP DICK

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IDEX or Hotbit

Sorry, a lot of typos here. I meant to say that the volume of chainlink on idex is 92 eth but lit's volume is 1688. That's a difference of $463,734 with the low cap coin having nearly half a million more volume than #16 on coinmarket cap. Not sure what to do with this information, probably just bots but still, unexpected.

Also cause all of the volume moved to Coinbase

I use etoro which has massive spreads. Its 100 euro spread on btc.

Thanks I've seen idex mentioned before I go take a look

I recommend Idex. It feels complicated at first but it actually only took me 5 minutes to figure out. It's just nerve-wracking when you are moving all your cryptos into something you haven't used yet. But basically you can hook up your eth wallet or metamask to the exchange or use one that they make for you. But it's different from leaving money on the exchange because the IDEX eth wallet gives you your own private key and stuff so you just hit deposit to send money from your private wallet to your trading (exchange) wallet and hit withdraw to bring it back. To put funds into you personal wallet, you just copy your wallet address and send to that but I think it only works with erc-20s like eth, someone correct me if I'm wrong.

The alternative is hotbit which is probably easier to use but is shady, meaning people have complained about missing funds, that kind of shit deosn't happen with idex. And in case you are a noob, I will just let you know that idex is for ethereum to altcoin transactions, you have to buy the eth with fiat beforehand from gemini or something like that.

That many people were using IDEX and Coinbase Pro? It's believable just a tad worrisome because of all the fud about exit scamming. I'm still holding onto my ss just in case.

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Well, both projects are equally promising, don't you think? Which one is most undervalued? What's their respective market caps? I'm not a LINK hater or anything, but I don't understand why anyone would spend a dime on LINK when you can buy LIT which is much more undervalued while having the same potential to be a giant top 10 project.

Thanks for the post you've given me quite a bit to go on. etoro you buy open either buy or sell positions and then close them. Funds are transferred between etoro and my bank easily and theres no wallets or direct ownership over ur coins.

They started with stocks and moved to crypto so I like to think they are legit. I've definitely made money there but bc of the spreads I've also made them a lot of money.

Want to move into actually crypto trading but those long passwords and transferring coins from wallets to exchange.

Be careful user, there are a lot of coins shilled here; LIT just happens to be one of the only one with actually solid fundamentals. I’d say a solid 95% of them are actual scams

Yeah he's right. I recommend getting a suicide stack of both link and lit and just holding. You can use idex for that. Actually read the link, it's a 5 min read that completely explains how to use it.

Shit I forgot to paste the link. If any new anons or linklets are here, good luck and godspeed.

blockonomi.com/idex-review/

18y old with 3000 LIT reporting in.
I'll be a millionaire by the time i'm 20.

You did well son

33 yr old boomer here with only 2.2k. Still feel comfy as fuck.

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Keep accumulating, fren
We will make it

5k poor fag here but i believe in this project desu

we are all going to make it

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6k CLIToris here, this coin is super fucking comfy, sit back, wait a few months and take profit boys.

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What Happens If ETH goes Down But LIT goes Up?

Then ETH goes down and LIT goes up, one would assume.

It would be like a baby suckling its mommy's tiddies. A transfer of value.

This resistance is sticky
cmon do something

19 year old here, top 50 wallet reporting in. Good work 1 year younger home slice.

super comfy holding my lit :3

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Frens, I'm 19, soon to be a 20 year old boomer, and I don't have a lot of money to invest. I didn't have much to start and have put most of what I had into others. Is it worth me buying 100 LIT?

I've got 300 and feel pretty confident with it