Why Celsius is better than Salt? - page 9.

Add1ct3ddd

newbie

Activity: 9

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Quote from: Error: 14 Contact Support on December 29, 2017, 05:15:28 AM

Am I correct in saying you can pay back your loan and interest using salt tokens valued at retail (currently shown as $27.50 on membership dashboard).

If so it seems like current market price of around $15-16 still gives as massive discount.

So borrow in $$$ and pay back in salt bought below retail?

I'm glad it's not just me that doesn't get this either?

Or is this the SaltLending site's way of saying "look, SALT is too cheap right now" with the idea being people will buy up to its value of $27.50 ?

Error: 14 Contact Support

newbie

Activity: 3

Merit: 0

Over last few hours membership number on site gone from 42882 to 43209 and loans funded from $2,455,000 to $2,675,000. Seems like theyve got things moving.

Anyone taken out a loan yet?

5thangel

hero member

Activity: 910

Merit: 508

Quote from: JayFKay on December 28, 2017, 08:17:54 PM

No matter what the situation launching a viable new platform that makes real world applications a go has to increase the value of Salt from what it was.

I'm investing in Salt because it's not just another carbon copy shitcoin and its filling a gap in the global market and in my country if you hold longer term i.e. more than a year, you pay way less tax on your profits when you do cash in. so Salt and Power Ledger together make up more than 2/3rds of my portfolio.

It's also worth noting, just for those looking at the $$ and cents that this week Salt is outperforming all of the coinmarketcap.com top 15 coins..

Bitcoin
ETH
Bitcoin cash
Ripple
Dash
MIOTA
Cardano
Monero
Qtum etc
NOTHING comes close - ripple up 20% for the week isn't even a third of the Salts gains.. which makes any short term arguments academic in my eyes.

Salt is smashing it!
+75% up even in a very crappy week! If it wasn't for Korea mucking around I think this coin would already be AUD$10 higher or more.
Just wait for the bounce-back!!

Very good post, totally agree with you about salt performance recently. A lot of happy people around

Error: 14 Contact Support

newbie

Activity: 3

Merit: 0

Am I correct in saying you can pay back your loan and interest using salt tokens valued at retail (currently shown as $27.50 on membership dashboard).

If so it seems like current market price of around $15-16 still gives as massive discount.

So borrow in $$$ and pay back in salt bought below retail?

JohnDoe3490

full member

Activity: 378

Merit: 102

Quote from: JayFKay on December 28, 2017, 08:17:54 PM

No matter what the situation launching a viable new platform that makes real world applications a go has to increase the value of Salt from what it was.

I'm investing in Salt because it's not just another carbon copy shitcoin and its filling a gap in the global market and in my country if you hold longer term i.e. more than a year, you pay way less tax on your profits when you do cash in. so Salt and Power Ledger together make up more than 2/3rds of my portfolio.

It's also worth noting, just for those looking at the $$ and cents that this week Salt is outperforming all of the coinmarketcap.com top 15 coins..

Bitcoin
ETH
Bitcoin cash
Ripple
Dash
MIOTA
Cardano
Monero
Qtum etc
NOTHING comes close - ripple up 20% for the week isn't even a third of the Salts gains.. which makes any short term arguments academic in my eyes.

Salt is smashing it!
+75% up even in a very crappy week! If it wasn't for Korea mucking around I think this coin would already be AUD$10 higher or more.
Just wait for the bounce-back!!

I agree with your sentiment. One of the best things is that I see people trying to buy SALT tokens to arbitrage. I don't know if it will work but it is a nice idea. SALT has value beyond just being a token. It may create a way to "cash out" via loans without taxes.

JayFKay

member

Activity: 196

Merit: 10

No matter what the situation launching a viable new platform that makes real world applications a go has to increase the value of Salt from what it was.

I'm investing in Salt because it's not just another carbon copy shitcoin and its filling a gap in the global market and in my country if you hold longer term i.e. more than a year, you pay way less tax on your profits when you do cash in. so Salt and Power Ledger together make up more than 2/3rds of my portfolio.

It's also worth noting, just for those looking at the $$ and cents that this week Salt is outperforming all of the coinmarketcap.com top 15 coins..

Bitcoin
ETH
Bitcoin cash
Ripple
Dash
MIOTA
Cardano
Monero
Qtum etc
NOTHING comes close - ripple up 20% for the week isn't even a third of the Salts gains.. which makes any short term arguments academic in my eyes.

Salt is smashing it!
+75% up even in a very crappy week! If it wasn't for Korea mucking around I think this coin would already be AUD$10 higher or more.
Just wait for the bounce-back!!

ulhaq

sr. member

Activity: 503

Merit: 286

Quote from: 777asianinvasian on December 28, 2017, 07:13:29 PM

Quote from: ulhaq on December 28, 2017, 06:55:18 PM

So what is the purpose of buying SALT? The medium post was deleted. No whitepaper on the website now.

Sure, I get the concept of lending fiat based on crypto collateral, but the profits could be distributed to the lenders of the fiat. The lenders are protected if the bitcoin has to be seized for nonpayment of the loan, but what is in it for the SALT holders?

The purpose of buying SALT is to get loans that are backed by crypto in turn giving you fiat money to spend. I am speculating on the SALT hodlers part but if SALT loans increase over time and therefore the price will increase over time meaning the value of each SALT should in theory increase over time. Basically if there is demand for the SALT token and the platform the hodlers would seem to profit even more than they currently would, would they not?

No, why would the value of SALT increase over time, and what do you mean by loans increasing? If the amount of each loan increases, the value of SALT does not change (because a fixed amount is required to purchase membership, that is independent of the amount borrowed). The collateral is not held in SALT.

The question is, how much SALT is needed to purchase an account? The total supply is 120,000,000. If the amount of SALT is very low, then there will be plenty for everyone and it would not be expected that the value should increase.

777asianinvasian

full member

Activity: 154

Merit: 100

🌟 MIRA ICO 🌟

Quote from: ulhaq on December 28, 2017, 06:55:18 PM

Quote from: Coiner_ on December 13, 2017, 05:33:47 AM

Quote from: filsid on December 12, 2017, 04:15:49 PM

What can SALT be Used for?

In this blog, we will look at the SALT ERC-20 Token which our members can use to use our platform and get their Blockchain-Backed Loans™. Blockchain token sales have skyrocketed this year. Since SALT Lending successfully completed our discounted membership sale this summer, a myriad of tokens have joined us on the blockchain. What many have in common is they they share the ERC-20 component of the Ethereum protocol. This is a smart contract code that enables SALT to use the token mechanism to control access to its membership system.

I was really looking forward to having my mind changed on the uselessness of those tokens but:

So what is the purpose of buying SALT? The medium post was deleted. No whitepaper on the website now.

Sure, I get the concept of lending fiat based on crypto collateral, but the profits could be distributed to the lenders of the fiat. The lenders are protected if the bitcoin has to be seized for nonpayment of the loan, but what is in it for the SALT holders?

The purpose of buying SALT is to get loans that are backed by crypto in turn giving you fiat money to spend. I am speculating on the SALT hodlers part but if SALT loans increase over time and therefore the price will increase over time meaning the value of each SALT should in theory increase over time. Basically if there is demand for the SALT token and the platform the hodlers would seem to profit even more than they currently would, would they not?

ulhaq

sr. member

Activity: 503

Merit: 286

Quote from: Coiner_ on December 13, 2017, 05:33:47 AM

Quote from: filsid on December 12, 2017, 04:15:49 PM

What can SALT be Used for?

In this blog, we will look at the SALT ERC-20 Token which our members can use to use our platform and get their Blockchain-Backed Loans™. Blockchain token sales have skyrocketed this year. Since SALT Lending successfully completed our discounted membership sale this summer, a myriad of tokens have joined us on the blockchain. What many have in common is they they share the ERC-20 component of the Ethereum protocol. This is a smart contract code that enables SALT to use the token mechanism to control access to its membership system.
https://blog.saltlending.com/what-can-the-salt-token-be-used-for-ce9ed25ab060

I was really looking forward to having my mind changed on the uselessness of those tokens but:

So what is the purpose of buying SALT? The medium post was deleted. No whitepaper on the website now.

Sure, I get the concept of lending fiat based on crypto collateral, but the profits could be distributed to the lenders of the fiat. The lenders are protected if the bitcoin has to be seized for nonpayment of the loan, but what is in it for the SALT holders?

Ali_G007

newbie

Activity: 61

Merit: 0

https://membership.saltlending.com/register?r=pWx32

JayFKay

member

Activity: 196

Merit: 10

And the nice thing for investors.. (in the middle of this slump im calling the Korea Konfusion).. is SALT aren't out there marketing and over hyping their new platform launch. They just tweeted its initiation and updated their official chat plus page one of this thread with the news and went back to quietly achieving. which means this will probably rise over a week or so rather than in one big pump.

which gives everyone a chance to acquire some Salt as it slowly out-perfirms the rest of the market.

nice!

The other question many investors need to ask themselves is - is this a currency I feel confident I can hold long term ie For more than a year to help reduce capital gains tax etc.

For me crypto's like Salt and Power Ledger have real world applications and aren't just a carbon copy of another currency so that answer is yes!

JayFKay

member

Activity: 196

Merit: 10

Quote from: Red_Sanford on December 28, 2017, 02:15:12 AM

What are they using to determine credit worthiness ?

How does Salt handle credit defaults ?

the answers to these are easy when you read the first line in this thread as posted by Salt Dev's..

SALT Community Membership

July 28, 2017,

"The SALT platform is meant to facilitate getting a loan, where the company holds your cryptocoins as collateral while you don't pay back the loan."

It's a simple solution that makes SALT 100% functional GLOBALLY!

iandoZ

member

Activity: 128

Merit: 10

Main thread - SALT Community Membership - is been update today:
https://bitcointalksearch.org/topic/why-celsius-is-better-than-salt-2051305

5thangel

hero member

Activity: 910

Merit: 508

Quote from: JayFKay on December 27, 2017, 08:32:54 PM

woo hoo! we have lift off.. Salt new platform has launched price is up 21% in the first hour.. should be going to $35 so be quick if you are adding more.. I am all in!

Everyone was waiting for platform release so now we are getting ready for very promising 2018. Grin

5thangel

hero member

Activity: 910

Merit: 508

What a great start of the day, finally salt is on the move ... i am little late to the party Wink

Red_Sanford

sr. member

Activity: 322

Merit: 250

What are they using to determine credit worthiness ?

How does Salt handle credit defaults ?

Why is there always a disparity in the market price vs retail price ?

CryptoKai89

newbie

Activity: 123

Merit: 0

Quote from: JayFKay on December 27, 2017, 11:16:21 PM

sorry I am on holidays at the beach in Australia.. just have friends who text me as things happen ..

Announced on Salts Twitter today and also in their official chat.

Salt for the win!

thanks, saw the tweet too!

JayFKay

member

Activity: 196

Merit: 10

sorry I am on holidays at the beach in Australia.. just have friends who text me as things happen ..

Announced on Salts Twitter today and also in their official chat.

Salt for the win!

CryptoKai89

newbie

Activity: 123

Merit: 0

i mean where is the proof the platform is out obviously

JayFKay

member

Activity: 196

Merit: 10

Coinmarketcap.com actually says 33% now so be quick if you are jumping aboard..

sorry 36.9% .. it jumped again

Topic: Why Celsius is better than Salt? - page 9. (Read 108223 times)