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Michael
(@mikenatalenycgmail-com)
New Member

im not sure if this is the Right place for this but I found this crypto intriguing. I’ve read about it before but was able to glean some more info at the traders expo where they had a booth. It’s a loan based platform, kind of a collaterslized system where you are able to give them your bitcoin structure a loan as a percentage of the value of the transaction and then make payments back to them to keep your coin. I was surprised that after the severe price drop I would have expected users to forfeit their bitcoins but instead salt imposed a margin call and they ponied up more capital.

i like the loan and leverage angle for this currency as you also are not forced to worry about a credit score to get the loan. If this isn’t the place for this post please let me know 

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Posted : March 13, 2018 2:22 am waihibeachbuilding@gmail.com liked
waihibeachbuilding@gmail.com
(@waihibeachbuildinggmail-com)
Active Member

Margin trading can be expensive in a volitale market

I see your point about the ability to acess leverage outside of the banking system.

 

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Posted : March 13, 2018 9:02 pm
  
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