As the bears stay strong, the restrictions begin, if they continue like this, could collapses come?
Crypto lender CoinLoan lowers withdrawal limit citing market conditions
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As the bears stay strong, the restrictions begin, if they continue like this, could collapses come?
Crypto lender CoinLoan lowers withdrawal limit citing market conditions
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Oh my, another one coming out. Seems a lot are getting hit, the market is really tough.
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There are many who have problems. Most of them are running out of power. If this continues, some may collapse.
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Are they really decentralized? Crypto, Blockchain by definition upholds the primacy of the procedures. Those who restrict the withdrawals under the guise of protecting customers' interests, the question should be asked how do they come to know what the customer's interest is? What do the customers really want? This repudiates the concept of absolute ownership.
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The goal is to slow down or prevent the collapse. But I don't think the restrictions will prevent that.
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There is one thing about lending and borrowing platforms that most people failed to understand. Once there isn't much people lending , the borrowing will be affected. At the present market condition, people won't want to lend , they would prefer to buy the dip with the money or perhaps hold it pending when things get back to normacy
The problem can be solved by increasing the earnings of the investors.
True but this is done when the project is earning enough fees that can make them increase investors earning.
Of course you are right. Central banks are trying to solve this problem by increasing interest rates, and we can find a similar solution.