Topic: BITFINEX MALFUNCTIONING - page 2. (Read 2727 times)
Because Bitfinex are pumpers. They want more longs than shorts on the book for some reason. They've never hidden this afaik
I am pretty sure this is FUD, however in the event it is not there is a very reasonable explanation for this. If you want to short any kind of security, you need to be able to borrow it first, if there is none of the security to borrow then you cannot short it. In other words if there is no BTC available to borrow then you cannot short it
Go away!
Men talking here. Try reading a bit of the thread before replying
There are plenty of BTC available to borrow. This has already been determined
I am pretty sure this is FUD, however in the event it is not there is a very reasonable explanation for this. If you want to short any kind of security, you need to be able to borrow it first, if there is none of the security to borrow then you cannot short it. In other words if there is no BTC available to borrow then you cannot short it
Well this seems to be fairly disturbing! I was thinking of dropping some of my money in there! Thanks for the heads up!
I don't think you understand how it works.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
There isn't a shortage of USD or BTC swaps right now according to their book.
It may actually be something benign, and actually very thoughtful, like cutting expanding shorts with the new policy. Since, on the short side, you can now short 3.3 to 1 rather than 2.5 to 1. They may have seen a whale trying to manipulate the market, which you don't want, and they might have temporarily put the kibosh on it. Something like that wouldn't surprise me. Still, it definitely has implications for people's pricing assessments and so I post it in the speculative forum.
Yes and Yes
I don't think you understand how it works.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
If he didn't think about checking the swaps situation, then he isn't placing swap demand. This tells me he is just placing an order for what ever available swaps (there are a bunch) and there is something else going on since orders are disappearing.
I was short earlier, and had no problems, but I opened it last night around $520. I'm not sure if this is a new issue today, or if there is something else going on.
Everything you said. It seems to have only been in the past 2 hours.
I don't think you understand how it works.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
There isn't a shortage of USD or BTC swaps right now according to their book.
It may actually be something benign, and actually very thoughtful, like cutting expanding shorts with the new policy. Since, on the short side, you can now short 3.3 to 1 rather than 2.5 to 1. They may have seen a whale trying to manipulate the market, which you don't want, and they might have temporarily put the kibosh on it. Something like that wouldn't surprise me. Still, it definitely has implications for people's pricing assessments and so I post it in the speculative forum.
I don't think you understand how it works.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
If he didn't think about checking the swaps situation, then he isn't placing swap demand. This tells me he is just placing an order for what ever available swaps (there are a bunch) and there is something else going on since orders are disappearing.
I was short earlier, and had no problems, but I opened it last night around $520. I'm not sure if this is a new issue today, or if there is something else going on.
I don't think you understand how it works.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
There isn't a shortage of USD or BTC swaps right now according to their book.
It may actually be something benign, and actually very thoughtful, like cutting expanding shorts with the new policy. Since, on the short side, you can now short 3.3 to 1 rather than 2.5 to 1. They may have seen a whale trying to manipulate the market, which you don't want, and they might have temporarily put the kibosh on it. Something like that wouldn't surprise me. Still, it definitely has implications for people's pricing assessments and so I post it in the speculative forum.
Just because you want to short, and you have the margin to do so, that doesn't mean you can. There must also be Bitcoin available for you to borrow before you can sell it. Perhaps Bitfinex is having liquidity issues. Coinbase ran out of Bitcoins to offer their buyers recently. We may have a shortage on our hands.
This may be it. That's something I didn't even consider. That really might just be it. That makes a lot of sense.
However, there are a whole lot of swap offers for BTC so that's curious. And also, based on the demands for those being so light, it seems like short selling is out of business right now on Bitfinex.
https://www.bitfinex.com/credit/index/btc
What is your maximum interest rate? It doesn't matter how many swap offers there are if they all fall out of your acceptance range.
I don't think you understand how it works.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
For you to short, you need to borrow money from another user. In times of high demand, there may not be available swap offers within your specified interest range. This is the case pretty often when it is extremely clear what is going to happen in the near future. It's in no way the fault of Bitfinex and isn't even a fault - if they were to accept your order, they'd be printing money.
You may be able to find swap offers for higher interest rates. Go to Swaps and check.
Just because you want to short, and you have the margin to do so, that doesn't mean you can. There must also be Bitcoin available for you to borrow before you can sell it. Perhaps Bitfinex is having liquidity issues. Coinbase ran out of Bitcoins to offer their buyers recently. We may have a shortage on our hands.
This may be it. That's something I didn't even consider. That really might just be it. That makes a lot of sense.
However, there are a whole lot of swap offers for BTC so that's curious. And also, based on the demands for those being so light, it seems like short selling is out of business right now on Bitfinex.
https://www.bitfinex.com/credit/index/btc
Just because you want to short, and you have the margin to do so, that doesn't mean you can. There must also be Bitcoin available for you to borrow before you can sell it. Perhaps Bitfinex is having liquidity issues. Coinbase ran out of Bitcoins to offer their buyers recently. We may have a shortage on our hands.
This may be it. That's something I didn't even consider. That really might just be it. That makes a lot of sense.
Just because you want to short, and you have the margin to do so, that doesn't mean you can. There must also be Bitcoin available for you to borrow before you can sell it. Perhaps Bitfinex is having liquidity issues. Coinbase ran out of Bitcoins to offer their buyers recently. We may have a shortage on our hands.
Calm down... contact support and wait for their answer. You're the first I've heard having problems with this so maybe it's something related to your account or something. Anyway I think you will thank them soon because price is going to break 515 easily. 
Thanks Miz4r
Calm down... contact support and wait for their answer. You're the first I've heard having problems with this so maybe it's something related to your account or something. Anyway I think you will thank them soon because price is going to break 515 easily.
BFX will be the next Gox for sure. Their website always has been buggy, until very recently you could even put up huge fake walls.
I don't know... I think they handled the flash crash this past time really well and I don't have any issues with them really at all. I think they mean well... at least nowadays. My hunch is that the shorts aren't going through properly because they changed their policy recently and it bugged up the technology. Still, I don't want people on here relying on a rally that is false if indeed it is false due to a bug in the technology. In the big scheme of things this is probably just growing pains.
If other people aren't having problems on their end please also post that. I hope this is limited to a few users, but I don't think it is.
BFX will be the next Gox for sure. Their website always has been buggy, until recently you could even put up huge fake walls without money backing it.
I am also writing this because if you are relying on this rally on Bitfinex I think you risk getting wiped out. So I really do want to warn people. Sorry. I know this seems like the regular FUD nonsense. I am actually shaking right now because this is seriously worrisome to me.
This smells badly already.
People have asked me not to write this here, but it is also obvious looking at the board... Bitfinex is trading at 16 above China. Something ain't right at all.
Jump to: