Hi mate, I’m thinking of buying some SALT tokens, just curious and wanted your opinion why you wouldn’t consider buying it? Thanks
You are viewing a single comment's thread from:
Hi mate, I’m thinking of buying some SALT tokens, just curious and wanted your opinion why you wouldn’t consider buying it? Thanks
I've also been looking at SALT. I've pretty much decided to put $100 or so into it. They have a fantastic idea, and I expect others to copy their strategy. It is new, so there's no history there, but if you think about it, all of this is new. I know it could all possibly collapse tomorrow, but what I have invested wouldn't be life-changing to lose. If it does collapse, I would imagine it would have some outside 'help.' Like from the big banks, and governments.
How much is the interest rate if we become the borrower? Let's say 10k USD
Honestly, I haven't read that far into it. I think I saw that there is a minimum loan amount of $5,000, and to be honest, I don't have that much in Bitcoin and Etherum, combined, so I don't guess I'll be taking out any loans. I've mainly looked at their general business model. I do know that if the value of your digital asset drops below a certain point during the term of a loan, you're required to add more digital collateral to cover the loan, or pay the balance down in order to keep the loan/collateral in equilibrium, which is understandable.
I would think that there will be a lot of people that are making money on Bitcoin and Ethereum, that would want to borrow money based on their net gains, while still holding onto their cryptos. I ended up putting like $80 into SALT last night. I'm not exactly a big investor, as I'm older and don't make much money. I wish this stuff would have come along when I was 25 or 30!