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RE: Crypto Contest January 10: SALT

in #salt6 years ago

Nice chart Analysis , because crypto currencies have fallen this week does that affect how or if people that have loans backed by crypto will NOT re pay their loans? If I pawned a gold coin when gold was $1,600 per ounce and the price of gold went down to $1,100 I would walk away from the loan and just re buy the coin at the new lower price. Does that happen with SALT?

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I haven't used SALT personally, but I believe they (SALT) can sell the coins if they fall below certain levels.

Thanks for your Upvote!

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