Quote from: konradcubic on December 06, 2017, 07:33:23 PM

Quote from: roastedparsnip on December 05, 2017, 10:15:38 PM

Quote from: konradcubic on December 04, 2017, 07:25:10 AM

What is going on with Ethereum Lite? I thought it was taken over by the community and renamed as ELYTE but Lite price has doubled in one day. That doubling seems shady considering the low trading volume during the last 24 hours.

ELYTE was the brand under which the project was relaunched by community members. The thread for ELYTE is here:

https://bitcointalk.org/index.php?topic=2376458.0

As for ELITE, I genuinely think people started buying it because they are getting confused between ELITE and ELYTE. That added some volume to a dead market and boosted the price. This may have then led to a self-fulfilling cycle where more people incorrectly believe ELITE has been revived and try buying the coin and then other people see the price going up so they start buying as well.

But the fact remains that the ELITE dev has pulled a scam and this is a dead project. If anyone has any evidence to the contrary then I am happy to listen but for now I would strongly recommend you AVOID buying ELITE as you may very quickly find yourself without anyone to sell to.

I think the situation has been made worse by the fact that ELYTE has not yet been officially listed on EtherDelta. But you can still trade it.

Go to the thread for ELYTE and click the link for EtherDelta:

https://bitcointalk.org/index.php?topic=2376458.0

THAT is the coin which I think most people are trying to trade. The website and whitepaper will be released in the next few days and it will be listed on CMC shortly after that so now is the time to buy ELYTE!

I'm glad that I did not invest in it during the pump. Well I could have sold it at the peak but it would be an unethical way of making money then.

I wish I had seen the Etherdelta link at the beginning of the thread earlier. Now the Ethereum network is extremely slow.

That makes two of us. I still have my 600 ELITE and could have made an easy few hundred dollars in the last few days but that would involve knowingly taking advantage of other people.

Don't worry though. What goes around comes back around and if you've avoided making unethical money then you've got something good coming your way in return!