5 Reasons Why SALT Will Explode From $3.18 to over $50.00!

in #bitcoin7 years ago

Comment your opinion below as I always respond!

I know it sounds crazy...15X no way. But read through the 5 reasons I list and I'm sure you'll be adding some SALT to your portfolio. My portfolio now consists of 40% SALT, which is the most by far. SALT is going to revolutionize not only the Crypto space but banking itself! SALT is currently the industry leader for crypto in a 1096.6 TRILLION DOLLAR Cash Equities & Repo Transaction Market

Now let's get to the goods!

1) SALT and Crypto Taxes

This is by far the most important of the list and absolutely huge. Once I understood what this could bring to crypto I was hooked to researching SALT. One of the biggest vacancies in the Crypto space is going from Crypto to fiat and for two main reasons.

Number one: Since this is a new industry there is a lot of unknown when it comes to paying taxes on crypto and people are unaware of what to do when filling taxes on Crypto profit. While this may not be a big deal to you (A typical Libertarian steemit user who would gladly tell taxes to f*** themselves) it does for a lot of people who we need for mainstream adoption. A lot of people are terrified of the IRS and tax fraud and we need those people for mainstream adoption... Elephant in the room is this is a grey area that needs to be addressed.

Number Two: The best way I know to go from Crypto to fiat (and the way I think most libertarians do) is to use your typical "localbitcoins" and exchange for cash but this is often inconvenient and fees are often large.

As you can see there are barriers crypto still needs to face and SALT can introduce a way for Crypto users to go from Crypto to fiat WITHOUT PAYING TAXES, LEGALLY! This is done by SALTs Crypto collateral based system that allows users to take their Crypto and use it as a loan for fiat, which is deposited directly into your banking account. Most importantly because this is a loan taxes are avoided.

So to break it down instead of cashing out your cryptos into fiat in an exchange, then depositing into a banking account and having to worry about tax implications you can now put your crypto up as collateral, have fiat deposited into your bank account, then liquify your collateral and you now have your cash in your bank account without any tax implications.

2)SALT Will Be One Of The First ICO's To Actually Launch A Working Product

As much as I hate to say it I do believe ICO's are in a bubble. What I think people fail to realize is what a bubble actually is and what this specific bubble is. In this case Billions have been raised to projects that haven't been developed and won't ever reach the market...BUT I do think this is a minority of the ICO's and what will happen when this bubble pops is not the total Crypto market cap that will be affected but really just a lot of shitty ICO's failing and liquified into stronger projects. I mean some projects have raised tens of millions of dollars with 1-2 developers and no real plan on hiring other staff members, these projects will simply fail through a free market and the best will rise to the top.

Where SALT has an advantage is it will be one of the first ICO's to actually launch a working product. The plan is to have it launched and working this Q4(Nov/Dec) and that's when I see this "ICO" bubble popping. What better place for ICO investors to put their money into... an ICO that actually works!

3) SALT Will Revolutionize Banking

The Banking industry has used the same depraved and dishonest system for centuries and is due for an upgrade like any industry. SALT can eliminate the costs of banking into the trillions for the entire banking industry and not just for the banks but for the people...Yes, a banking system that actually benefits the people is actually arising.

You often hear stories of people losing their homes etc. over the inability to pay back loans to banks but in the case of SALT only the crypto you put up for collateral is up for stake. Not only is this huge to you, the user, but also banks who pay trillions in fees, lawyers and the whole works of the banking system.

4) SALT Has One Of The Best Teams In Crypto

The SALT team has to be one of the strongest in the entire crypto space with over 25+ qualified members and industry leaders. With a team like this innovation will be huge, especially in a new space with new ideas growing each day. This also leads to my final point #5. Below is a picture along with a link the entire staff!



https://www.saltlending.com/about

5) SALT Will Introduce A "Pay Card", Showing It's Ability To Adapt

As I stated in point #4 SALTs teams is extremely qualified and will produce results like adapting to the "pay card" concept in crypto so SALT will not only receive its value from issuing loans but also value from "pay cards" like the TenX and Monaco platforms that are hundred million dollar projects themselves! SALT Board Dicertor Eric Voorhees has worked on huge projects in his career such as being CEO & Founder of ShapeShift, and previously founded Satoshi Dice and Coinapult. SALT truly has the staff and capability be an innovative force in the Crypto space.

If you click on the picture of the SALT employee on their website (https://www.saltlending.com/about) a description of the individual comes up

Ex.

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Thanks for the info, I will look into it and probably buy some SALT. The paycard aspect is nice too! Thanks for a nice explanation!

thaaaats debateable

Great article on SALT!

you're making steemit a great community with your content itsyeboy! keep it up!

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