What would it take to make SALT rise?

[Anonymous No.6017177]

It seems like if Jesus Christ himself endorsed SALT as the next coin to go x1000000, people would say "nah, I'm good."

I seriously don't fucking get it. The coin has a LIVE platform, currently in use. 550m in incoming loans, stakeable tokens, small circulating supply. FREE arbitrage up to $27.50. What the fuck else do you want? Seriously, what the fucking hell else do buyers want?

[Anonymous No.6017822]

>>6017177
Yep, it's absolutely insane and irrational. I have a few theories;

* Whales are currently suppressing price (and playing games in general). This is an extremely low-risk investment for them, which is great when you have millions of dollars on the line. I'm sure they're willing to play the long game for that extra security over whatever's currently the FOTM.
* Loan throughput is somewhat low at the moment due to the initial flood of requests
* Once the loan throughput increases and word about the free money spreads, the price will rocket whether whales want it to or not

What I'm concerned about at the moment is if the SALT organisation can survive the arbitrage of these initial loans ($7 mill) before the fomo kicks in. What if they're mostly whales abusing the arbitrage? I know I'm going to.

[Anonymous No.6018038]

>>6017177
>>6017822
I warned u morons lots of times.
I'm the one that actually tried explaining to you morons that consumer lending was a shit tier industry. Full of federal regulation.
Now that's proven to be the issue- They're only doing enterprise loans.
Also, I even warned you guys that getting loans backed by crypto would never take off cause it does not go with what crypto community stands for.
All in all its a terrible idea to get loans with crypto. It's totally stupid.
And you guys are just bag holders.
Cut your losses get out now and put ur money in a good coin.

[Anonymous No.6018130]

>>6018038
>They're only doing enterprise loans
Source?

>All in all its a terrible idea to get loans with crypto. It's totally stupid.
It's a great idea if you want a safe investment in crypto but still do something with your money.

[Anonymous No.6018370]

If you guys check out SALT/BTC (Bittrex) on tradingview and put on the "Accumlation/distribution" line, you can see there is MASSIVE accumulation right now. Whales are keeping this down, buy buy buy and once they're done accumulation this is fucking sky rocketing.

[Anonymous No.6018499]

>>6017177
OP I will be saving your OC. That's just a quality meme sir

[Anonymous No.6018635]

>>6018038
>All in all its a terrible idea to get loans with crypto. It's totally stupid.


>Put crypto as collateral
>Value increases by the time you get it back
>?????
>Profit

Also loans aren't taxable so the rich can use this to avoid taxes on cashing out then pay back the loan in crypto.

[Anonymous No.6019184]

>>6018635
Orrr
>Value plummets
>Your 1k loan is now 3k
>You go to pay off but by the time you transfer the money it's 3.1k
Yeah, let's put the most volatile thing of value as collateral