Topic: [BETA]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 35. (Read 137528 times)

All is going very well. Having another exchange added would be really good too.

Also Raphael, I was wondering whereabouts the option to siphon off some of the gained interest in the loans into buying Bitcoin is in regards to timeline?

I think the function would look like this:

1. userPercent = "amount user wants taken from interests (in percent) and exchanged on the spot for Bitcoin"
2. when interest is paid every day do the following:
2.1. take interest gained and take the userPercent amount to exchange wallet and put market buy order for that amount of Bitcoin
2.2. put the rest of interest gained back into deposit wallet for loans to the traders (as is the default right now anyway)

I know I already asked for this, But I just wanted to clarify how I imagine the user option would look like (Ask the user for a percentage to be added into bitcoins)

Also I understand your very busy with getting the company set up so I was curious what sort of timeline there is for this feature if you do decide to do it? 1 month? 6 months?

Thanks anyway Raphael.

J.

DeadTerra, Thanks for your support. We really appreciate it

Spaceman,

It's closer than you think. We are doing things right and establishing a real partnership with "them" before using their service
Stay tuned, new features are coming!

Raphael

Announcement:

Dear Customers

As you all know, we temporarily changed our commission rates a few days ago.
The lag on MtGox engine was eating our profit in big chunks and we even ended up some days making a small loss (we much more prefer to make a small profit than a small loss!). We understand MtGox has to deal with their own increase in users as much as they can, and this is in no way a critic of their service.
As a matter of fact the lag, which can sometimes arrive to several minutes doesn't allow us to promptly execute the orders coming from our customers and when this is originating a loss we prefer to take it in order to keep our customers happy.
We understand our success depends on this and we don't mind ending a day having made no money, but with the certainty of having put another brick on the wall of our community.
In other words we prefer to focus on the long term, even if this is sometimes painful.

To make a long story short ,despite our arrangement the situation kept getting worse on the MtGox side (yesterday was a really painful day) and thus we are obliged to make a further small adjustment as follows:

-10% of generated lending interests (no change)
-0.5% of the whole amount of trades made on Mtgox (no change)
-0.1% of the whole amount of trades made on Bitfinex (this was taken down to 0% a few days ago on a marketing effort that happily paid back, keep reading below...)

Last but not least we are proud to announce that the amount of transactions made on our platform is increasing by the day.
They are still a small percentage of the total (pushing 20%), but we keep believing in the fact that our customers will soon realize that we offer a better service than any other trading platform at a fraction of the cost.
We promise we will keep them as low as we can, as we want you to be as profitable as possible with us
:-)

That's all folks, more and more news are on the pipeline.
Stay tuned and let us know if you have any questions.
Back to coding.
Raphael
Bitfinex Team

Hello everyone,

While we won't make formula public, it's not hard to guess approximately what these numbers represent. Let just say that users make a lot of profits with us

Raphael

i think that's very hard to figure out there are way to many variables
¿maybe at some point we need to make a contest for that hehe?

If that is what you use it for, you should not even publish the value.  The evil manipulator might experiment with moving the market until he worked out the formula, or perhaps just enough correlations to be able to manipulate it.

that wont happen, we wont make public the formula so some bigger traders can exploit it and move the market to trigger forced liquidations

+1

Meaningless numbers.

like it say on the risk page is not a usd amount, we wont make the formula public 

The greed score seems close to the profit in US dollars that traders might have made, but not cashed in. If there is a net long position of $100,000 - a $30,000 profit makes sense from the last $100 to $130 rise.

No explanation at all.  Give me a formula, then there is a chance I will understand it. 

Redeeming BTC by mtgox code gives the message in USD instead of BTC.  The actual transferring is correct though, cool instant system.

Is it me or are those links not an explanation at all?

Is it just me, or does auto-lend have a tendency to get stuck?

I ended up with an item in my outstanding offers list equal to my full balance, which said "partially filled xxxxxx at vir, partially filled yyyyyy at vir, partially filled zzzzzz at vir". It was there for a couple days, during which time no one borrowed from me. Today I canceled it (without turning off auto-lend), and a little while later people are borrowing from me again.

https://community.bitfinex.com/showwiki.php?title=Bitfinex+Greed+Score https://community.bitfinex.com/showwiki.php?title=Bitfinex+Risk+Score

LOL

I would like to know how these numbers are defined. 

https://bitfinex.com/pages/stats

BFX users made awesome profits, but they decided to leave the profits on the table, I hope traders take profits before the market change direction and take that gain off the table

https://community.bitfinex.com/calendar.php
remember to check the calendar the 0% fee for BFX orders is still going