Author

Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 110. (Read 723903 times)

full member
Activity: 154
Merit: 100
14 days + 1 hour

thanx russianptr but...
are you working for bitfinex?
are you sure about your answer?


yes, im the new CEO and i intend to be more active here in the future!

no just kidding, I´m just a bitfinex user but I experienced the same
situation with my swaps very often... that´s why i know how it works.

hero member
Activity: 577
Merit: 500
Jesus was a (Goddamn) hippy socialist
14 days + 1 hour

thanx russianptr but...
are you working for bitfinex?
are you sure about your answer?
full member
Activity: 154
Merit: 100
hero member
Activity: 577
Merit: 500
Jesus was a (Goddamn) hippy socialist
Hello

I have two questions for you

Q1
I am trying to verify my account but the connection times out while loading the pdfs files
What is the maximum size of files I should upload (ID , utility bill etc) ?

Q2
Suppose I offer a 0.07% swap to someone for 15 days at 00:00 ,
just before the first day expires  (lets say  @ 23:00) he partially pays back a small ammount
if I understand correctly  the rest will be re-opened for 0.07% but for how long?

14days + 1 hour   or   15 days ? 

thanx
newbie
Activity: 48
Merit: 0
I cannot login to my account anymore, and I get no password reset emails from you. I have sent an email more than an hour ago, no response. Please let me know you haven't vanished with my bitcoins, I am getting nervous.
sr. member
Activity: 446
Merit: 250
CAT.EX Exchange
Hello
I have been looking for 15 min my referal link on bitfinex but I can't find it. Any idea where it is?
Thanks

Please PM your username and I'll send you one.

Thanks a lot and have a nice day
full member
Activity: 152
Merit: 100
Hello
I have been looking for 15 min my referal link on bitfinex but I can't find it. Any idea where it is?
Thanks
legendary
Activity: 1870
Merit: 1023
I think the contract will be worth 0 at that point and you will lose it.  You will get dividends up until that point as blocks are discovered.  I guess they will also need to close all long and short positions with a TH1 price of zero.

in that case why ppl offering swap for 10 days or more Huh isnt that free monies if TH1 price go zero in a week Huh

Dividends.  If you short TH1 you need to pay the dividends to the person who lent it out.  Currently dividends are 99% of the cost, the swap is negligible.

ok, thanks.

one more thing... say, i have 1 TH1BTC and i offer it as swap at 0.2%,   so i get 0.2% and the divident Huh  is that correct.

thanks again



Yes. But currently it's mostly a gamble (because you can mine anywhere from 0 to 5 blocks per day) with an expected negative outcome.  TH1 has been typically trading 5-10% above the expected mining value for the past two weeks (the recent dip down to 0.063 was a rare exception).
hero member
Activity: 697
Merit: 501
my offered swap was ended but it doesn't appear in my swappable balance  Huh After half an hour it is still in swap total... What happened? (it isn't in the list of my swaps anymore)

UPDATE : almost 1.5 hour now...
It's usually smart to start with the most probably causes first.  Do or did you have auto-renew (auto lend) swaps turned on. The swap may have come in and be re-listed as a swap offer before you even noticed.

Peace
legendary
Activity: 1456
Merit: 1000
I think the contract will be worth 0 at that point and you will lose it.  You will get dividends up until that point as blocks are discovered.  I guess they will also need to close all long and short positions with a TH1 price of zero.

in that case why ppl offering swap for 10 days or more Huh isnt that free monies if TH1 price go zero in a week Huh

Dividends.  If you short TH1 you need to pay the dividends to the person who lent it out.  Currently dividends are 99% of the cost, the swap is negligible.

ok, thanks.

one more thing... say, i have 1 TH1BTC and i offer it as swap at 0.2%,   so i get 0.2% and the divident Huh  is that correct.

thanks again

legendary
Activity: 1870
Merit: 1023
I think the contract will be worth 0 at that point and you will lose it.  You will get dividends up until that point as blocks are discovered.  I guess they will also need to close all long and short positions with a TH1 price of zero.

in that case why ppl offering swap for 10 days or more Huh isnt that free monies if TH1 price go zero in a week Huh

Dividends.  If you short TH1 you need to pay the dividends to the person who lent it out.  Currently dividends are 99% of the cost, the swap is negligible.
full member
Activity: 196
Merit: 100
I think you guys are doing a great job and appreciate your answers in this thread.
legendary
Activity: 1456
Merit: 1000
I think the contract will be worth 0 at that point and you will lose it.  You will get dividends up until that point as blocks are discovered.  I guess they will also need to close all long and short positions with a TH1 price of zero.

in that case why ppl offering swap for 10 days or more Huh isnt that free monies if TH1 price go zero in a week Huh
legendary
Activity: 1870
Merit: 1023
I think the contract will be worth 0 at that point and you will lose it.  You will get dividends up until that point as blocks are discovered.  I guess they will also need to close all long and short positions with a TH1 price of zero.
legendary
Activity: 1456
Merit: 1000
Hi...

i have a question about TH1BTC, it says that Expiration Date: December 15, 2014 - 01:00:00 PM +00:00 (UTC). what does it mean Huh what happen if i buy today worth 1 TH1BTC will it be sold at market and i also receive the divident at that date or  will i receive just divident at that time and i still have my TH1BTC Huh


thanks
full member
Activity: 136
Merit: 100
Whilst we're on the subject of "Fix your shit"...



What on earth is going on there? Multiple distinct FRR entries in the list doesn't seem like a thing that ought to be able to happen.

(Going by BFXdata, looks like there are several fixed-rate offers at exactly the same rate as the FRR, including the 5th decimal place that isn't displayed)
full member
Activity: 136
Merit: 100
Often times when swap offers get taken, it's split up into LOTS of small ones, like this (this goes on for another whole page):

[snip]

What's up with that? Kind of annoying.

From what I hear, when the swaps backing a position expire and new ones are taken out, if it's already fragmented, the fragmentation is maintained - the engine doesn't see a position backed by 3 $500 swaps ending simultaneously and decide to open a single $1500 swap as a replacement, instead taking out 3 new $500 swaps... which most likely creates new fragmentation as multiple swaps are taken to fill out each of those $500 chunks. The longer the position is held for, the worse it gets, with more and more tiny fragments created which can only be coalesced by the trader closing out their position and starting over.

So that process of ever-increasing fragmentation has eventually resulted in the fuckery seen in your image... so far as I can tell, the best way to try and avoid it is to have your swap offer taken as one of the last of several taken together (i.e. place your offers so that you're never the very best offer, but instead have a couple below yours to act as a buffer - let them get fragmented so you don't have to). But that's by no means foolproof, and may just be superstition on my part.

The actual best way would be for 'finex to fix their engine so it batches together swap-requirements so as to recombine fragments where possible, but I don't know the implementation details to really know how difficult that would be.
full member
Activity: 145
Merit: 100
I do Stuff, and stuff.....
I'm not saying bag holding is a good or a bad thing, but I think people sometimes don't realize how high BTC is going to have to climb to beat the other investments you can do in this space.  Based on my last years average return of 0.1026% on USD margin, lets look at some numbers:

That return is unsustainable unless Bitcoin keeps going up, and in that case, lending USD wouldn't be that profitable in comparison to lending BTC.

What makes you think that?  That average is over the last year since ~January 15th, a period in which the majority of the time we were going down, not up.  The problem isn't BTC going down or up, but going somewhere.  When prices move, USD gets lent out.  When prices sit still, USD lends sit still...
legendary
Activity: 1199
Merit: 1047
I'm not saying bag holding is a good or a bad thing, but I think people sometimes don't realize how high BTC is going to have to climb to beat the other investments you can do in this space.  Based on my last years average return of 0.1026% on USD margin, lets look at some numbers:

That return is unsustainable unless Bitcoin keeps going up, and in that case, lending USD wouldn't be that profitable in comparison to lending BTC.
member
Activity: 63
Merit: 14
Often times when swap offers get taken, it's split up into LOTS of small ones, like this (this goes on for another whole page):



What's up with that? Kind of annoying.
Jump to: