With the total crypto marketcap shrinking to $322 billion from $800 billion at the beginning of the year, there is no way these lending platforms can operate efficiently in this down market. With all those of you who are spreading FUD about Hextra need to consider is that a lending platform thrives in a healthy market and people making loans. Without those elements, how can anyone be surprised that the platform wouldn't place measures to control the price and people dumping. These measures are actually an indication that they care about the project.
I would love to be able to withdraw some btc right now but I understand that if that was allowed to happen, we would likely end up with a 404 page error. All we can do is wait for the market to improve and see what Hextra does afterwards. Not really much for Hextra to say now when things look like a dogs breakfast across the board.
Does everyone agree the lending space has changed from when it was only Bitconnect? Back then people would reinvest and keep lending. Now generally people just want to dump because they know the lending space has the fastest ROI. Do you guys think that helps the platform to grow? The next generation of lending platforms will be smarter and will likely use more tactics to prevent the amount of coins we can sell at a given time, control pricing, go under the radar and not draw attention etc.
It's a catch-22 situation.. Without loans/investments, there is no money to pay us. Without a working exchange and withdrawal system no one will loan/reinvest. I would happily reinvest at least half of my HXT, maybe even deposit some more BTC..
If i am satisfied that i can freely exchange and withdraw. I would even be OK if capital+interest from HXG loan would be forced to be reinvested in a long term loan. (The 21 day HXG loan got us into this mess..)