Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 143. (Read 723903 times)
September 26, 2014, 12:11:16 PM
Came here re: the negative dividends issue as well. Glad to see you guys have sorted out the cause.
September 26, 2014, 12:05:04 PM
Derek you have 2 misconception
1: You own the shares when you lend out and you would earn dividend
2: The system is shitty that it tracks balance of wallet to determine, as previous post mentioned there was an out going transaction from the mining wallet thus this happened. Blame unclescrooge.
@superbit
It is a complicated (yet buggy) system
1: You own the shares when you lend out and you would earn dividend
2: The system is shitty that it tracks balance of wallet to determine, as previous post mentioned there was an out going transaction from the mining wallet thus this happened. Blame unclescrooge.
@superbit
It is a complicated (yet buggy) system
Ah thanks, I'm not totally sure how that leads to a negative balance though. I'll start going through your earlier posts.
Bitfinex really needs to get their house in order. Between earlier this week my market orders taking 10 minutes to go through and not canceling, not replying to support emails and now this I'm considering finding a new exchange for the first time since I got onto Bitfinex a year ago.
September 26, 2014, 11:41:35 AM
Support is dead (having fun weekends?)
Compare and know why, see how idiotic and devestating would it be for the bug (which possibly have a larger transaction and everyone is out in balance causing things like margin call)
Compare and know why, see how idiotic and devestating would it be for the bug (which possibly have a larger transaction and everyone is out in balance causing things like margin call)
September 26, 2014, 11:37:55 AM
Yeah... So it wasn't just me.
Anyone working on this?
Anyone working on this?
September 26, 2014, 11:30:16 AM
Derek you have 2 misconception
1: You own the shares when you lend out and you would earn dividend
2: The system is shitty that it tracks balance of wallet to determine, as previous post mentioned there was an out going transaction from the mining wallet thus this happened. Blame unclescrooge.
@superbit
It is a complicated (yet buggy) system
1: You own the shares when you lend out and you would earn dividend
2: The system is shitty that it tracks balance of wallet to determine, as previous post mentioned there was an out going transaction from the mining wallet thus this happened. Blame unclescrooge.
@superbit
It is a complicated (yet buggy) system
September 26, 2014, 11:18:20 AM
Was anyone else just paid negative dividends on their TH1?!?!
I now have a negative balance in my trading account. I am lending my TH1 out but I'm not doing any margin trading.
https://i.imgur.com/T0qTr2S.png
I now have a negative balance in my trading account. I am lending my TH1 out but I'm not doing any margin trading.
https://i.imgur.com/T0qTr2S.png
September 26, 2014, 11:14:35 AM
I looked at shorting it but 0.23% a day?
0.2% a day, 16% until December 15 (actually less because it's a "depleting asset"). But with current price you'll be in profit anyway.So as I test (never shorted before), and I didn't borrow anything and just did a margin sell at market of 0.1 TH1BTC. The order went though but under swap cost it says 0.00? The system must have borrowed the TH1BTC from someone to sell it, where do I see that? I didn't have to put in how many days I wanted to borrow from or anything.
Thanks,
The swap probably says 'daily' under it. If so the swap is paid daily and you might need to have a look at history to see details on the daily payment on your swap.
It does say daily, but I don't see where in history I get the rate? With term do you only pay at then end of the term you borrowed for? Difference and which is usually cheaper?
edit: Found it, if I go to where I lend out USD it says swaps used in margin position! Still don't get the term daily thing though
September 26, 2014, 11:03:24 AM
I looked at shorting it but 0.23% a day?
0.2% a day, 16% until December 15 (actually less because it's a "depleting asset"). But with current price you'll be in profit anyway.So as I test (never shorted before), and I didn't borrow anything and just did a margin sell at market of 0.1 TH1BTC. The order went though but under swap cost it says 0.00? The system must have borrowed the TH1BTC from someone to sell it, where do I see that? I didn't have to put in how many days I wanted to borrow from or anything.
Thanks,
The swap probably says 'daily' under it. If so the swap is paid daily and you might need to have a look at history to see details on the daily payment on your swap.
September 26, 2014, 11:00:50 AM
I looked at shorting it but 0.23% a day?
0.2% a day, 16% until December 15 (actually less because it's a "depleting asset"). But with current price you'll be in profit anyway.So as I test (never shorted before), and I didn't borrow anything and just did a margin sell at market of 0.1 TH1BTC. The order went though but under swap cost it says 0.00? The system must have borrowed the TH1BTC from someone to sell it, where do I see that? I didn't have to put in how many days I wanted to borrow from or anything.
Thanks,
September 26, 2014, 10:56:39 AM
September 26, 2014 - 01:38:35 PM CEST 322671 3,465.12 400 -200.712 -23.16942912
What's that, and why was I debited for a dividend?
What's that, and why was I debited for a dividend?
Same, me get debited too...
My BTC
Description Credit Debit Balance Date
Settlement @ 1.189 on wallet exchange 0.0034582 0.0 13 minutes ago
Dividends on 0.17 TH1 on wallet exchange 0.00941083 -0.0034582 13 minutes ago
My TH1
Description Credit Debit Balance Date
Settlement @ 1.189 on wallet exchange 0.00291431 0.16458039 10 minutes ago
Bloch Chain info for that block :
https://blockchain.info/block-height/322671
Block Reward 25 BTC
Transaction Fees 0.02186555 BTC
Please repair it. do we need to sent to support?
September 26, 2014, 10:54:41 AM
September 26, 2014 - 01:38:35 PM CEST 322671 3,465.12 400 -200.712 -23.16942912
What's that, and why was I debited for a dividend?
Free money for shorters?!??!?What's that, and why was I debited for a dividend?
(Mailed support, not responded yet)
September 26, 2014, 10:51:42 AM
September 26, 2014 - 01:38:35 PM CEST 322671 3,465.12 400 -200.712 -23.16942912
What's that, and why was I debited for a dividend?
What's that, and why was I debited for a dividend?
September 25, 2014, 07:12:57 PM
I looked at shorting it but 0.23% a day?
0.2% a day, 16% until December 15 (actually less because it's a "depleting asset"). But with current price you'll be in profit anyway. September 25, 2014, 06:18:47 PM
"Empty orderbook", huh?
I absolutely love th1btc pair. Thank you, Bitfinex!
I absolutely love th1btc pair. Thank you, Bitfinex!
September 25, 2014, 03:06:31 PM
I don't get why TH1 price keeps increasing, while its expected return from dividends decreases and interest rates are also lower.
I looked at shorting it but 0.23% a day?
September 25, 2014, 02:31:18 PM
Hello, i have these questions.
1. What is the maintanance margin 15%. Does that mean that if i open a buy order for 1000$ with leverage 3.3:1 i have to have 150$ waiting in my account?
2. Can you explain the leverage 3.3:1. Does that mean for 1000$ i can borrow 3300$ or 2300$?
3. For example i have 100$. I borrow 330$ more (leverage) and buy 1 bitcoin at 430$. How much does the price have to go down for me to have my position force liquidated.
4. I see there are swaps for 3 days, some are 30 days. For example i borrow money for 3 days but doesn't sell after 3 days. Does my position is force liquidated to repay the lender?
Thank you
1. No, it means once you only have 150$ left in your example, Bitfinex will already have warned you and your position will be liquidated (you'll get back ~140$-155$ and have a loss of about 850$)1. What is the maintanance margin 15%. Does that mean that if i open a buy order for 1000$ with leverage 3.3:1 i have to have 150$ waiting in my account?
2. Can you explain the leverage 3.3:1. Does that mean for 1000$ i can borrow 3300$ or 2300$?
3. For example i have 100$. I borrow 330$ more (leverage) and buy 1 bitcoin at 430$. How much does the price have to go down for me to have my position force liquidated.
4. I see there are swaps for 3 days, some are 30 days. For example i borrow money for 3 days but doesn't sell after 3 days. Does my position is force liquidated to repay the lender?
Thank you
2. You hold 1000$ as collateral and can borrow 3.3 times as much max., so 3300$. Since you need to pay swap (aka. interest) daily, maybe testing the limits might not always be the smartest move.
3. Firstly, you can only buy BTC for 330$. The price at which you would be liquidated is visible in the UI after you opened your position.
4. No, you'll automatically borrow new funds at the then cheapest prices. If you are afraid they could be higher than today, borrow for longer periods, if you want to speculate that interest rates will go down anyways, just borrow short term money.
Thnx
September 25, 2014, 02:15:18 PM
I don't get why TH1 price keeps increasing, while its expected return from dividends decreases and interest rates are also lower.
September 25, 2014, 02:04:43 PM
I expecting dump under 1 btc/th1 after adjustment
Adjust time: After 103 Blocks, About 15.0 hours
Estimated Next Difficulty: 34,754,721,333 (+16.51%)
I think Diff on end of the year will be raising hard.
For additional excitement, the supply of TH1 will increase by 25% after the next block is mined by the poolAdjust time: After 103 Blocks, About 15.0 hours
Estimated Next Difficulty: 34,754,721,333 (+16.51%)
I think Diff on end of the year will be raising hard.
Wow, must have missed that. They removed the line saying it is only 200 TH1, where have you got info from, can you provide the link?
September 25, 2014, 01:02:28 PM
Hello, i have these questions.
1. What is the maintanance margin 15%. Does that mean that if i open a buy order for 1000$ with leverage 3.3:1 i have to have 150$ waiting in my account?
2. Can you explain the leverage 3.3:1. Does that mean for 1000$ i can borrow 3300$ or 2300$?
3. For example i have 100$. I borrow 330$ more (leverage) and buy 1 bitcoin at 430$. How much does the price have to go down for me to have my position force liquidated.
4. I see there are swaps for 3 days, some are 30 days. For example i borrow money for 3 days but doesn't sell after 3 days. Does my position is force liquidated to repay the lender?
Thank you
1. No, it means once you only have 150$ left in your example, Bitfinex will already have warned you and your position will be liquidated (you'll get back ~140$-155$ and have a loss of about 850$)1. What is the maintanance margin 15%. Does that mean that if i open a buy order for 1000$ with leverage 3.3:1 i have to have 150$ waiting in my account?
2. Can you explain the leverage 3.3:1. Does that mean for 1000$ i can borrow 3300$ or 2300$?
3. For example i have 100$. I borrow 330$ more (leverage) and buy 1 bitcoin at 430$. How much does the price have to go down for me to have my position force liquidated.
4. I see there are swaps for 3 days, some are 30 days. For example i borrow money for 3 days but doesn't sell after 3 days. Does my position is force liquidated to repay the lender?
Thank you
2. You hold 1000$ as collateral and can borrow 3.3 times as much max., so 3300$. Since you need to pay swap (aka. interest) daily, maybe testing the limits might not always be the smartest move.
3. Firstly, you can only buy BTC for 330$. The price at which you would be liquidated is visible in the UI after you opened your position.
4. No, you'll automatically borrow new funds at the then cheapest prices. If you are afraid they could be higher than today, borrow for longer periods, if you want to speculate that interest rates will go down anyways, just borrow short term money.
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