Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 112. (Read 723861 times)
December 01, 2014, 04:18:03 PM
Managed to login now. Must be a DDOS attack or some network congestion.
December 01, 2014, 04:01:04 PM
Trying to connect to https://www.bitfinex.com/ and it fails:
www.bitfinex.com -
Connection failed
Error code 20
The proxy failed to connect to the web server, due to TCP connection timeout.
2014-12-01 20:59:06 UTC
Your IP76.9x.x.x (I removed my full IP for privacy)
|Proxy IP199.83.132.97(ID 10223)
Origin Server IPX.X.X.36
Powered by Incapsula
www.bitfinex.com -
Connection failed
Error code 20
The proxy failed to connect to the web server, due to TCP connection timeout.
2014-12-01 20:59:06 UTC
Your IP76.9x.x.x (I removed my full IP for privacy)
|Proxy IP199.83.132.97(ID 10223)
Origin Server IPX.X.X.36
Powered by Incapsula
December 01, 2014, 02:18:49 PM
The 'Past trades' api call (/v1/mytrades), until a few days ago, returned 'absolute amount' in the field 'amount' and either 'Buy' or 'Sell' in field 'type' of each trade. But now it is returning 'non-absolute amount' (eg: negative for sells). This kind of changes in the API should be documented , because they can break existing code written against it in unpredictable ways.
December 01, 2014, 07:28:24 AM
As mjr announced, they are getting a new trading engine - so every kind of data on this old one is soon going to be useless anyways.
December 01, 2014, 06:05:52 AM
Just wanted to wish everyone a (late) Happy Thanksgiving!
I am extremely thankful that for the first time, on Thursday, we passed the 1 million coins volume in trailing 30 days. One million coins in a 30 day period, we have really come a long way.
I'm also thankful that you guys (most of you, at least) take the time to give us your feedback. Keep it up!
How many market orders were those 1 million coins?I am extremely thankful that for the first time, on Thursday, we passed the 1 million coins volume in trailing 30 days. One million coins in a 30 day period, we have really come a long way.
I'm also thankful that you guys (most of you, at least) take the time to give us your feedback. Keep it up!
Histogram of market order sizes in that 30-day range?
And to add: bitfinex limits you to max 50 orders placed, whereas btc-e does not. It I were an expert in bayesian statistics, I could tell you how many people are there trading on Bitfinex actively and it is an order of magnitude less than on btc-e.
Typical bitfinex infantry orders are 20 btc, on btc-e it is 3 or 4 btc. Again; it tells you how little people trade there and yet, their platform is so very slow. Either the order matching software is written in high-level etch-a-sketch without HW acceleration, and/or the order matching is hogged down by the web server side, which raises questions about security arrangements.
Anyway, I asked around and people were curious as to what the "Load averages for the past 1, 5, 15 minutes" are. It is possible that these numbers are running high even without any trading going on?
P.S. I don't need these issues to be solved; I just need to be aware of its scale and mechanism of function, so that I can time my trades accordingly.
November 30, 2014, 10:39:03 AM
wow, someone has a million dollar swap offer on the books at .75%, but for only 2 days.... I guess thats one method.... 
Strange strategy... if someone wanted to pay me 0.75%/day on $1M, I think I'd let them keep doing that for just about as long as they wanted.
Could be somebody who has temporary control of other people's money for a short period of time.
November 29, 2014, 03:02:47 AM
Just wanted to wish everyone a (late) Happy Thanksgiving!
I am extremely thankful that for the first time, on Thursday, we passed the 1 million coins volume in trailing 30 days. One million coins in a 30 day period, we have really come a long way.
I'm also thankful that you guys (most of you, at least) take the time to give us your feedback. Keep it up!
How many market orders were those 1 million coins?I am extremely thankful that for the first time, on Thursday, we passed the 1 million coins volume in trailing 30 days. One million coins in a 30 day period, we have really come a long way.
I'm also thankful that you guys (most of you, at least) take the time to give us your feedback. Keep it up!
Histogram of market order sizes in that 30-day range?
November 29, 2014, 02:58:41 AM
Suggestion box:
sound when a sell order gets filled
a different sound when a buy order gets filled
when both occurred, play them in order in which it happened
fix update: the profit/loss of "my position" and "account overview" do not update with ticker price and vice versa
tradable balance/ability to use swaps at the moment should mark the orders which have become unfeasible at the most recent balance update red.
sound when a sell order gets filled
a different sound when a buy order gets filled
when both occurred, play them in order in which it happened
fix update: the profit/loss of "my position" and "account overview" do not update with ticker price and vice versa
tradable balance/ability to use swaps at the moment should mark the orders which have become unfeasible at the most recent balance update red.
November 28, 2014, 05:29:23 PM
Just wanted to wish everyone a (late) Happy Thanksgiving!
I am extremely thankful that for the first time, on Thursday, we passed the 1 million coins volume in trailing 30 days. One million coins in a 30 day period, we have really come a long way.
I'm also thankful that you guys (most of you, at least) take the time to give us your feedback. Keep it up!
Make it mobile and some cool notifications I am extremely thankful that for the first time, on Thursday, we passed the 1 million coins volume in trailing 30 days. One million coins in a 30 day period, we have really come a long way.
I'm also thankful that you guys (most of you, at least) take the time to give us your feedback. Keep it up!
November 28, 2014, 02:01:46 PM
Just wanted to wish everyone a (late) Happy Thanksgiving!
I am extremely thankful that for the first time, on Thursday, we passed the 1 million coins volume in trailing 30 days. One million coins in a 30 day period, we have really come a long way.
I'm also thankful that you guys (most of you, at least) take the time to give us your feedback. Keep it up!
I am extremely thankful that for the first time, on Thursday, we passed the 1 million coins volume in trailing 30 days. One million coins in a 30 day period, we have really come a long way.
I'm also thankful that you guys (most of you, at least) take the time to give us your feedback. Keep it up!
November 28, 2014, 06:44:34 AM
wow, someone has a million dollar swap offer on the books at .75%, but for only 2 days.... I guess thats one method....
Strange strategy... if someone wanted to pay me 0.75%/day on $1M, I think I'd let them keep doing that for just about as long as they wanted.
November 27, 2014, 07:04:16 PM
wow, someone has a million dollar swap offer on the books at .75%, but for only 2 days.... I guess thats one method....
November 27, 2014, 09:23:38 AM
First off, this was my suggestion a while ago, and NO, that is not what would happen at all, because why would EVERYONE pick '-0.0001%'? Some people would pick '-0.01%' or -0.02%', and I still don't think that the "wall" is a valid complaint. It means that here is a bunch of offers which NOBODY TOOK. That means someone else's offer was taken. It means that all those using the FRR are NOT competing because they don't have active swaps. I love how people keep saying "you aren't going to get good rates using FRR, you should actively manage or use a bot", and then say that they can't compete with the FRR.
The problem with the FRR is that it creates a ton of offers at a very specific price point ( the wall ), which becomes so large that any active lenders are going to specifically target that number to undercut (otherwise we simply can't make enough money to be worthwhile). That means that unless there is a HUGH flash run, the FRR will constantly go down, because all the lends going out are below THAT SPECIFIC point. By spreading pending loans out along a much wider range, even with millions in pending loans, each specific price point would likely have very little waiting, so active traders would have more flexibility in choosing a target to undercut. This would create a much more natural moving average, up in heavy demand, down in light demand. As it is right now, I'd be willing to bet the vast majority of loans are always taken out just a few point below the FRR, which isn't a natural price flow at all, but a permanent strong downward pressure, regardless of current demand.
Secondly, is there any way you could add your own FRR calculation to your bot? For example, could I either create or modify a bot that simply duplicates the current FRR calculation and offers at that rate? Again, I think it is interesting, because if everyone simply chose to use that calculation (as they ARE doing right now), the situation would be identical (besides the floating of the rate) and you would still get a "wall".
I wouldn't be able to create my own FRR unless I had access to all active loans via the API. Well, I could probably fudge something pretty close together based on historic market data, etc, but why would I want to? I'm only interested in algorithms that spread out offers, so loans can go out in a more natural spread.
I just think that the "wall" that people are complaining about will always exist in that there are a lot of people competing for a fixed amount of demand, the people willing to go the lowest are the ones who make ANY return, and right now, you have people who are using the FRR in order to passively gain returns staying OUT of that competition at least some of the time (whenever there is a wall).
I disagree completely. If there would "always be a wall", then why doesn't this carry over to buying and selling coins? I don't always see walls on the orderbooks, yet we're competing for limited supply and demand there. Walls are not common in a traditional market, and are almost always the result of a single entity attempting to manipulate the market. Its just in relation to FRR, Bitfinx itself is the manipulator.
So even though some people might complain, others seem to be jumping in front to push that rate lower...
We're complaining about the fact that the market feels very controlled and manipulated. If it were a natural flow market, even if the rates went lower as a result, I wouldn't complain. I would be happy to compete in a natural market, whatever the result.
It continues to grow, because in my opinion, it offers an extremely great risk to reward ratio.
Despite my complaints above, I agree with this completely.
That's why I'm still here, and its why I care. I'd hate to see this become untrue... I agree with your points, and I am really glad you are part of this discussion now. That is the most concisely someone has summed up the current problems with the FRR, and it was why I suggested allowing a delta to offset from this current number. The other side of it that we are working on, is creating an FRR that moves more fluidly, this would mean that you couldn't just "set it and forget it" underneath the FRR, because that number would change every hour, and track the market better.
The part that always frustrates me, and why I like your comment, is because you don't have a rate agenda in mind. If the rate lowers without the FRR, you are ok with that. So, it is the most intellectually honest critique. Just wanted to say thanks.
I must say you are not that smart than I thought you should be.
You always preconceived with the notion that everyone arguing with FRR issues here must "have a rate agenda in mind".
The truth is most of people discussing FRR here cares more about free flow rates than kind of rate in their mind.
and this man-made distorted FRR system is broken as I said previously.
As HowardF said it well: Bitfinx itself is the manipulator.
and it is you Bitfinx that causes swarp rates not flow freely.
If it were a free flow swap market, nobody would complain and should not complain.
Because everybody would be happy to compete in this natural free market no matter how lower the rates is.
Edit: Despite you dealing with FRR badly,
I still think your are the best BTC exchange I can see and willing honestly communicate with its customers on public forum !
Edit2: imo, just keep the FRR only for reference , don't let it be the option to autolend, and this free the swarp markets !
one of the thing that amazes me is, whether one has a 'rate agenda in mind' or not is irrelevant to this problem / solution. I can only see BFX getting more in terms of trading fees and lending fees by fixing this god damn thing!
November 27, 2014, 03:10:09 AM
Thanks for the answer, I don't use API, I enter the orders manually but they can be more or less one hundred some days (and I cancel some). Maybe it was a bug...Otherwise until then very satisfied with Bitfinex order execution.
November 26, 2014, 01:26:29 PM
Problem solved a few minutes ago (still I don't know why I had it, is there a limit on the number of orders placed in a day?)
Not that I know of, though I could be wrong. If there was a limit per day I'm pretty sure some of my bots would have hit it by now. There is a limit on API calls, but even that is a pretty high limit. My bots almost never hit it.
November 26, 2014, 08:50:49 AM
Bitfinex down?
not for me...
It was for a very short time earlier. Everything's now back to normal.
Since this problem I have the message "you can not place new orders" when I try to create an order, for info I have less than 50 orders placed and my position was very small (0.02 BTC) when the problem started. Any idea?
Problem solved a few minutes ago (still I don't know why I had it, is there a limit on the number of orders placed in a day?)
November 26, 2014, 07:24:22 AM
I'm trying to use the API call for cancelling multiple orders at once but it doesn't work.
If i post a request with the following JSONpayload:
{"request":"/v1/order/cancel/multi","nonce":"311508580","order_ids":[{"order_id":"140046162"},{"order_id":"140046163"},{"order_id":"140046164"}]}
I receive the response:
{'result':'Orders cancelled'}
But the orders are not really cancelled, they remain opened.
What am i doing wrong?
EDIT:
Thx to Raphael i solved this, the correct payload should be:
{"request":"/v1/order/cancel/multi","nonce":"311508580","order_ids":[140046162,140046163,140046164]}
If i post a request with the following JSONpayload:
{"request":"/v1/order/cancel/multi","nonce":"311508580","order_ids":[{"order_id":"140046162"},{"order_id":"140046163"},{"order_id":"140046164"}]}
I receive the response:
{'result':'Orders cancelled'}
But the orders are not really cancelled, they remain opened.
What am i doing wrong?
EDIT:
Thx to Raphael i solved this, the correct payload should be:
{"request":"/v1/order/cancel/multi","nonce":"311508580","order_ids":[140046162,140046163,140046164]}
November 26, 2014, 01:46:42 AM
First off, this was my suggestion a while ago, and NO, that is not what would happen at all, because why would EVERYONE pick '-0.0001%'? Some people would pick '-0.01%' or -0.02%', and I still don't think that the "wall" is a valid complaint. It means that here is a bunch of offers which NOBODY TOOK. That means someone else's offer was taken. It means that all those using the FRR are NOT competing because they don't have active swaps. I love how people keep saying "you aren't going to get good rates using FRR, you should actively manage or use a bot", and then say that they can't compete with the FRR.
The problem with the FRR is that it creates a ton of offers at a very specific price point ( the wall ), which becomes so large that any active lenders are going to specifically target that number to undercut (otherwise we simply can't make enough money to be worthwhile). That means that unless there is a HUGH flash run, the FRR will constantly go down, because all the lends going out are below THAT SPECIFIC point. By spreading pending loans out along a much wider range, even with millions in pending loans, each specific price point would likely have very little waiting, so active traders would have more flexibility in choosing a target to undercut. This would create a much more natural moving average, up in heavy demand, down in light demand. As it is right now, I'd be willing to bet the vast majority of loans are always taken out just a few point below the FRR, which isn't a natural price flow at all, but a permanent strong downward pressure, regardless of current demand.
Secondly, is there any way you could add your own FRR calculation to your bot? For example, could I either create or modify a bot that simply duplicates the current FRR calculation and offers at that rate? Again, I think it is interesting, because if everyone simply chose to use that calculation (as they ARE doing right now), the situation would be identical (besides the floating of the rate) and you would still get a "wall".
I wouldn't be able to create my own FRR unless I had access to all active loans via the API. Well, I could probably fudge something pretty close together based on historic market data, etc, but why would I want to? I'm only interested in algorithms that spread out offers, so loans can go out in a more natural spread.
I just think that the "wall" that people are complaining about will always exist in that there are a lot of people competing for a fixed amount of demand, the people willing to go the lowest are the ones who make ANY return, and right now, you have people who are using the FRR in order to passively gain returns staying OUT of that competition at least some of the time (whenever there is a wall).
I disagree completely. If there would "always be a wall", then why doesn't this carry over to buying and selling coins? I don't always see walls on the orderbooks, yet we're competing for limited supply and demand there. Walls are not common in a traditional market, and are almost always the result of a single entity attempting to manipulate the market. Its just in relation to FRR, Bitfinx itself is the manipulator.
So even though some people might complain, others seem to be jumping in front to push that rate lower...
We're complaining about the fact that the market feels very controlled and manipulated. If it were a natural flow market, even if the rates went lower as a result, I wouldn't complain. I would be happy to compete in a natural market, whatever the result.
It continues to grow, because in my opinion, it offers an extremely great risk to reward ratio.
Despite my complaints above, I agree with this completely.
That's why I'm still here, and its why I care. I'd hate to see this become untrue... I agree with your points, and I am really glad you are part of this discussion now. That is the most concisely someone has summed up the current problems with the FRR, and it was why I suggested allowing a delta to offset from this current number. The other side of it that we are working on, is creating an FRR that moves more fluidly, this would mean that you couldn't just "set it and forget it" underneath the FRR, because that number would change every hour, and track the market better.
The part that always frustrates me, and why I like your comment, is because you don't have a rate agenda in mind. If the rate lowers without the FRR, you are ok with that. So, it is the most intellectually honest critique. Just wanted to say thanks.
I must say you are not that smart than I thought you should be.
You always preconceived with the notion that everyone arguing with FRR issues here must "have a rate agenda in mind".
The truth is most of people discussing FRR here cares more about free flow rates than kind of rate in their mind.
and this man-made distorted FRR system is broken as I said previously.
As HowardF said it well: Bitfinx itself is the manipulator.
and it is you Bitfinx that causes swarp rates not flow freely.
If it were a free flow swap market, nobody would complain and should not complain.
Because everybody would be happy to compete in this natural free market no matter how lower the rates is.
Edit: Despite you dealing with FRR badly,
I still think your are the best BTC exchange I can see and willing honestly communicate with its customers on public forum !
Edit2: imo, just keep the FRR only for reference , don't let it be the option to autolend, and this free the swarp markets !
November 25, 2014, 11:58:08 PM
Hi! I would like to offer some Bitcoins in the Liquidity Providing market , But I can't find the way to do it. I've seen the Offer Swap Tab , but it is just for USD , as far as I'm concerned.
So if anybody could point me where I could offer my Btc as swappable, that would be great.
Thanks
So if anybody could point me where I could offer my Btc as swappable, that would be great.
Thanks
right below the main tabs there should be a smaller row of tabs for USD / BTC / LTC / TH1 . Click the BTC one to offer BTC for swap.
Thanks a lot!
November 25, 2014, 08:01:39 PM
Hi! I would like to offer some Bitcoins in the Liquidity Providing market , But I can't find the way to do it. I've seen the Offer Swap Tab , but it is just for USD , as far as I'm concerned.
So if anybody could point me where I could offer my Btc as swappable, that would be great.
Thanks
So if anybody could point me where I could offer my Btc as swappable, that would be great.
Thanks
right below the main tabs there should be a smaller row of tabs for USD / BTC / LTC / TH1 . Click the BTC one to offer BTC for swap.
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