One of the Altcoins I´m super bullish on...
Platform launch in december.
Use your bitcoin as collateral to get a FIAT loan. No questions asked.
Use that loan to buy more crypto...
How can this not moon? Price st
One of the Altcoins I´m super bullish on...
Platform launch in december.
Use your bitcoin as collateral to get a FIAT loan. No questions asked.
Use that loan to buy more crypto...
How can this not moon? Price st
Only 2x?
by 2x I mean let them hold your crypto as collateral while you use the FIAT you get to buy more crypto.
So instant 2x.
No talking about salt coin gains. which will be way higher.
any idea why it's taking off?
platform release in December
This is so autistic that it could work...
>platform release in December
Ok
Is the ceo of shapeshift (voorhees) really behind the project, or is that advisor title just bullshit?
afaik he is involved.
They are sponsor at coinvest...big event in 2 days.
That is actually HUGE.
Big institutional money at that event !!!
coindesk.com
great time to get in now!
Damn OP I was gonna collect more bags before pump...
>afaik he is involved.
I see he's tweeting shit out about it, so that's a plus.
TFW SALT is only like $4.30 and the platform releases soon and it costs $25 or a SALT token.
SALT is very lowkey on marketing so far... once platform launches they will go wild.
Especially launching before christmas is genius...people can keep their crypto and get FIAT for presents.
Which is great if you buy on exchange now...you can use some of it to pay down the debt in the platform
Dont fuck with me user...my kids want presents for christmas...
Cant wait for the platform, I need some fiat...
Trust me... it´s legit.
Problem is, even if it's "undervalued" it's already 200m mcap.
The supply of salt if it goes to 20USD is 1bn worth of salt.
Is there going to be demand for 1bn worth of salt to pay the membership and a part of the interest on loans in the near future?
Highly unlikely.
Are the majority of people who will use salt when it launches going to buy salt?
Highly unlikely, they have already stockpiled the salt they need. The supply is very high.
I think many people are going to be disappointed. It will probably rise to at least 5 dollars and not dip below after the platform launches though.
A lot of people are going to be spooked to use BTC as collateral (meaning, locked in) when it's so volatile and the market is so uncertain. There are multiple things that can cause a margin call tier BTC crash on the short term horizon. ETH POS, BCH wars, bitfinex/tether exit scam.
You can fully payback the loan anytime if you want your btc out...
Demand is there and people are going to use it... A LOT!
Low marketing so far... hype will pump this to 15$ at launch at least.
>A lot of people are going to be spooked to use BTC as collateral (meaning, locked in) when it's so volatile and the market is so uncertain.
Thing is, Bitcoin futures are coming out, which CME says will tame bitcoin's wild price swings.
CME will have circuit breakers that stop trading when the price moves 7%.
I think salt is smart for supporting bitcoin first, because now with the price so high, people can cash out without selling their crypto and owing massive taxes.
>CME Group's Leo Melamed: We'll 'Tame' Bitcoin
>coindesk.com
>Based on the CME's preliminary term sheet, bitcoin trading limits would kick in when the price of its bitcoin futures move 7%, 13% or 20% up or down from the previous day’s closing price. The first two thresholds, for 7% and 13% moves, are “soft” limits, which would trigger a two-minute pause in trading of bitcoin futures. The 20% limit would be
>zerohedge.com
I feel he's right. If BTC crashes down, so will SALT. They as a platform are too dependent on BTC or any other coin to succeed. It could work if they have massive amount of $$$ and willingness to stay in but it's not as ez money as Veeky Forums may convince you
They are not lenders themself.
They are cooperating with bank of mauritius and other lenders.
That's not a bad idea, unless the banks themselves bail out.
But then again like what he said, artificially inflating SALT pricing will not work
why you hate money?
ALL ABOARD!
You seem like the pajeet shilling for multiple coins on this board
I don't know why you are this desperate for people on this website to buy SALT
MOooon happenin
How to get in into this rising train? Where to buy? I'm rich noob
binance is always the way to go obv...
RCN has blown this out of the water.
not. RCN is way behind. SALT has legit backing.
Already priced in.