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Topic: ICBIT Derivatives Market (USD/BTC futures trading) - LIVE - page 29. (Read 97688 times)

legendary
Activity: 2506
Merit: 1010
There was a message on Twitter:

Quote
Site will not be accessible (another maintenance) shortly for a period of up to 5 minutes.
- https://twitter.com/icbit_se/status/282577017466150912

But that was more than two hours ago without any update since.

The service is online but the Orderbook for each instrument is blank.
sr. member
Activity: 434
Merit: 251
I tried to withdraw some funds, and the form ask for a one-time password.
I tried to use the google auth pass (which is configured), but without success ?

Can you explain how to do ?

Thanks

Fixed. It was a problem with some time drift on the server, which is now solved once and for all hopefully.

Thanks, it's working now !
hero member
Activity: 674
Merit: 500
I tried to withdraw some funds, and the form ask for a one-time password.
I tried to use the google auth pass (which is configured), but without success ?

Can you explain how to do ?

Thanks

Fixed. It was a problem with some time drift on the server, which is now solved once and for all hopefully.
legendary
Activity: 2506
Merit: 1010
Someone put a 4k contracts ($40 000 worth of contracts) wall at $14.

And then took it down shortly after.  

I wish that person would put it back!
hero member
Activity: 674
Merit: 500
Someone put a 4k contracts ($40 000 worth of contracts) wall at $14.
hero member
Activity: 674
Merit: 500
I tried to withdraw some funds, and the form ask for a one-time password.
I tried to use the google auth pass (which is configured), but without success ?

Can you explain how to do ?

Thanks

Please PM me your user account name.

I already got one more similar complain, please allow up to 1 day to investigate and solve the issue. Thank you.
sr. member
Activity: 434
Merit: 251
I tried to withdraw some funds, and the form ask for a one-time password.
I tried to use the google auth pass (which is configured), but without success ?

Can you explain how to do ?

Thanks
hero member
Activity: 674
Merit: 500
I finally put together the arbitraging topic https://bitcointalksearch.org/topic/spotfutures-arbitrage-with-some-bots-source-code-131622 which explains how futures/spot arbitraging works and provides examples. If all is good with that description, I will proceed with adding links and descriptions of some trading bots implementations I have available.

Comments are welcome there.
hero member
Activity: 674
Merit: 500
I put together a small news release stating some facts about BUZ2 and ICBIT, and also put some explanation about futures trading for those who never heard about futures.

Comments (and reposts, if you like it) are welcome:
https://plus.google.com/u/0/b/117990284188664727142/117990284188664727142
hero member
Activity: 547
Merit: 500
Decor in numeris
Closing positions prior to settlement seemed to be the smart move Looked like a hot potato to me, so I got out of BUZ2 not long after BUH3 opened.

I honestly did not expect trouble, but clearly settlement was a special time, so if anything was going to go wrong, that would be a likely time for it to happen.  So I got rid of my small position in BUZ2, and planned to withdraw all the bitcoins.  But those overpriced BUH3s were sooo tempting Smiley
hero member
Activity: 532
Merit: 500
Disclaimer: I had no BUZ2 at closing time, having switched to BUH3.

Closing positions prior to settlement seemed to be the smart move Looked like a hot potato to me, so I got out of BUZ2 not long after BUH3 opened.



hero member
Activity: 547
Merit: 500
Decor in numeris
OK guys, good news.

After speaking to other important community members, I decided to take all the risk on myself for BUZ2 and
NO PRICE CAPPING will happen. You get what you got at settlement. That's as honest as it could be. This means, I'm paying for the balance of those users who went negative when so actively shorting BUZ2. Being honest means being honest - you played according to the ICBIT rules, and ICBIT plays according to the rules.

BUH3 and other contract's will stick to the terms of the worst case scenario as explained on the website (forceful counterparty position liquidation) to prevent such situation from happening at all.

Good? :-)

You just proved you quality!

I will now leave BTC on icbit.se with more ease of mind.

Disclaimer: I had no BUZ2 at closing time, having switched to BUH3.
sr. member
Activity: 446
Merit: 250
Log of all BUZ2 trades since the very beginning till today:
http://data.icbit.se/sec/BUZ2/buz2.csv
Heightened security is preventing me from viewing the file.

I was able to pull it using just HTTP using wget.

 $ wget http://data.icbit.se/sec/BUZ2/buz2.csv
good 'ol wget Smiley
hero member
Activity: 674
Merit: 500
The default page for futures now became gold.
I think it is more convenient to make it BUH3.
Already fixed that, thanks for noticing Smiley
legendary
Activity: 1367
Merit: 1000
The default page for futures now became gold.
I think it is more convenient to make it BUH3.
full member
Activity: 131
Merit: 100
Thats perfect. Iam sure you did learn a lot from this, ill happy continue trading on your Website!
hero member
Activity: 674
Merit: 500
OK guys, good news.

After speaking to other important community members, I decided to take all the risk on myself for BUZ2 and
NO PRICE CAPPING will happen. You get what you got at settlement. That's as honest as it could be. This means, I'm paying for the balance of those users who went negative when so actively shorting BUZ2. Being honest means being honest - you played according to the ICBIT rules, and ICBIT plays according to the rules.

BUH3 and other contract's will stick to the terms of the worst case scenario as explained on the website (forceful counterparty position liquidation) to prevent such situation from happening at all.

Good? :-)
hero member
Activity: 547
Merit: 500
Decor in numeris
Wasn't margin calls supposed to prevent this?
It is exactly for this, but for the beginning period we had it was not possible to forcefully buy 14k of BUZ2 contracts. There just were not enough sellers. And for this bad moment I listed two solutions above.
According to your page on "Margin Call", that should have resulted in the "worst case scenario", forcibly closing the positions at that time.   Clearly, some people would have lost part of their profit at the time, but that was part of the deal, you had stated that clearly on your page.  By not closing them at the time, you took the risk that their accounts would go negative - or did you hope that the rate would change, solving the problem in time, and instead the reverse happened?  In that case, you chose to risk your own money, in my opinion.
legendary
Activity: 1367
Merit: 1000
Somehow its changing to https in browser, got the file forcing http Smiley
legendary
Activity: 2506
Merit: 1010
Log of all BUZ2 trades since the very beginning till today:
http://data.icbit.se/sec/BUZ2/buz2.csv
Heightened security is preventing me from viewing the file.

I was able to pull it using just HTTP using wget.

 $ wget http://data.icbit.se/sec/BUZ2/buz2.csv
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