Quote from: Smarttcrypto on February 03, 2018, 02:16:00 PM

Quote from: con4n007 on February 03, 2018, 04:55:31 AM

Quote from: kenmasters34 on February 03, 2018, 03:20:17 AM

Quote from: Smarttcrypto on February 02, 2018, 11:24:12 PM

Most people did their Lending at prices of $20-30 and bought back coins with the interest around the $5 level so I think Hextra is pretty screwed right now. I lent 8 Coins and have 31 coins back right now without even getting my capital release. Hextra is losing big on that side. I think they have to give back ways more coins than they have so they only have 2 Options:

1. Buy Coins to be able to pay people out

2. Exit scam

Guess what's more likely to happen

While I believe that we are facing the inevitable.... I think that if they were on an external, they wouldnt have done this ridiculous manipulation.

They only need to delete the price manipulation and its fix the problem even if we still on internal exchange.
But hextra looks like hate their HXT priced so low

That would fix the problem for us, because we would get at least some money out. But Hextra would have to face a huge problem because once he price drops people can demand a lot of coins from them which they don't have. The concept of a lending platform is to manipulate the price up more than the interest. If someone lends 100 Coins at $10 per coin = $1000 and gets back $1600 at $100 per coin for example this person gave Hextra 100 coins but Hextra only gives 16 coins back so they have won 84 coins they can sell at the exchange again for BTC. If the system runs they just flip the coins on and on till it collapses. It's a smart system and Bitconnect played it well, Hextra is just horribly managed and people understood the trick.

I wouldnt have minded if they stopped loan interest conversion until the price stabilized.