Hello,
is it possible (yet) to access the UNUSED Swaps via the API?
Cheers
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 159. (Read 723903 times)
August 11, 2014, 08:27:21 PM
August 11, 2014, 06:42:54 AM
Can someone explain the logic of underbidding swap demands? 
i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled 
It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
Prolly people who don't fully understand what they are doing! i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
I find it very hard to believe that somone who puts a $100k figure swap ask at 0.0999 doesn't know what he's doing or a $350k swap ask just under that @ .099
..maybe they didn't put that 0.0999 after a 0.1 offer was there, but before? And in fact the 0.1 guy overbid the 0.0999 one?
Quote
0.09990 14 318.04 19:35:38 10-08-2014
0.09989 100 000.00 20:27:42 10-08-2014
There's at least one who didn't think it hrough, though ;-)0.09989 100 000.00 20:27:42 10-08-2014
Ente
I think it's because it's more like a market order per se - so that it fills up all the swap offers up to that amount. Makes sense if you really want to loan ASAP.
August 11, 2014, 03:05:55 AM
Can someone explain the logic of underbidding swap demands? i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled
It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
Prolly people who don't fully understand what they are doing! i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
I find it very hard to believe that somone who puts a $100k figure swap ask at 0.0999 doesn't know what he's doing or a $350k swap ask just under that @ .099
..maybe they didn't put that 0.0999 after a 0.1 offer was there, but before? And in fact the 0.1 guy overbid the 0.0999 one?
Quote
0.09990 14 318.04 19:35:38 10-08-2014
0.09989 100 000.00 20:27:42 10-08-2014
There's at least one who didn't think it hrough, though ;-)0.09989 100 000.00 20:27:42 10-08-2014
Ente
August 10, 2014, 08:35:20 PM
Can someone explain the logic of underbidding swap demands? i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled
It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
Prolly people who don't fully understand what they are doing! i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
I find it very hard to believe that somone who puts a $100k figure swap ask at 0.0999 doesn't know what he's doing or a $350k swap ask just under that @ .099
August 10, 2014, 05:49:09 PM
Can someone explain the logic of underbidding swap demands? i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled
It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
Prolly people who don't fully understand what they are doing! i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
August 10, 2014, 03:48:42 PM
Can someone explain the logic of underbidding swap demands? i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled
It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
i.e. placing your swap demand at 0.0999 or one penny bellow that at 0.0998. It's as if you're artificially keeping the demand high while don't really want your demand to be filled It makes sense for offers where they're underbidding each other, but if anything i'd expect demands to up each other by a penny and placing demands at 1.0001
August 10, 2014, 02:18:31 PM
Does anybody know how auto renew at FRR works? Are swap offers for the same duration serviced on a first come first served basis? If not, how does the system determine whose offer is filled first? I have had auto renew FRR offers sitting there unfilled for quite a few days now (My offers are part of a much larger lump of 30 day offers at FRR.)
Thanks
David
Thanks
David
August 10, 2014, 10:52:04 AM
Did Raphael ever share the distribution of USD swaps between LTC and BTC? That'd be interesting to know
It's probably almost completely BTC. Who in their right mind would hodl litecoin on margin? It just keeps going down week after week.
August 10, 2014, 07:30:31 AM
[...] and I bet you don't even lift.
Waste of time. Just use steroids. Girls can't tell the difference.
This is rather off-topic but I'll bit anyway.
Steroids will not give you or build muscle. You really do need to lift weights and eat right to do that. This page has some great information on this topic: http://liamrosen.com/fitness.html
You build muscle by lifting progressively heavier weights. Starting Strength is probably the best book on this subject.
Steroids do work and they can help you if you have been lifting for 5-10+ years and met a wall where you are unable to increase the weight you use for your lifts. They do nothing for people who don't lift, novice lifters and basically everyone else for that matter. There is no point in taking them or even considering using them unless you've been lifting a minimum of three times a week for many, many years and even then it would barely make a difference. There is no magic pill you can take that makes muscle just appear without you having to get off your lazy ass and go to the gym three times a week. Also beware that girls will tell the difference and likely leave you if you start messing with roids (mostly due to personality changes, mood-swings, aggressive behaviour and so on, not because of your reduced penis size).
Lifting is good for you but I recommend doing it without the roids. Would you try to steal all the bitcoins from some huge guy who looks like he could kill you without breaking a sweat or would you rather take them from some skinnyfat nerd who couldn't do a pushup if his life depended on it? think about it. who would you rather be?
The trouble is that working out won't make the SFN look like the big guy. It will just make him look like a SFN who works out because he wants to look like the big guy. If your body shape is rubbish, no amount of working out will change that.
August 09, 2014, 09:46:15 AM
Did Raphael ever share the distribution of USD swaps between LTC and BTC? That'd be interesting to know
August 09, 2014, 09:28:29 AM
Market is too immature, to be totally free, that where BFX's invisible hand of roll backs come in. Too easy to crash BFX order book the only thing stopping someone from doing just that is BFXs rollbacks.
But it's not fair my $10/BTC got filled in flash crash oh well cry me a river
if the deviation from the rest of the market is > ?% lock it down and roll back, shorts gotta play fair
But it's not fair my $10/BTC got filled in flash crash oh well cry me a river
if the deviation from the rest of the market is > ?% lock it down and roll back, shorts gotta play fair
http://www.reddit.com/r/BitcoinMarkets/comments/2cruxj/this_bitfinex_credit_bubble_cannot_end_well/cjiue2r
If it is in fact true that..
"The flash crash was a prime example of that. But, when one exchange has a price of $100 and another has a price of $530, it is safe to say that is an arbitrage opportunity, and what we learned from that event was to try to unwind positions in a more complicated but more orderly way. We never enter into positions ourselves, but there are a lot of bots that run on our exchange and others. "
then why would "we" as in Bitfinex need
"In regards to flash crash issues, we strive to make sure that our prices are not becoming drastically uncorrelated to the overall market for bitcoin. The algorithms we use and the trading strategies are part of our hard won experience after riding through extreme events like those you mentioned, and I can't disclose the details, but we learned some valuable lessons, and I don't believe an event like that can happen again, or at least, we have taken steps to try and protect people from that specific situation. "
If it is in fact true that..
"The flash crash was a prime example of that. But, when one exchange has a price of $100 and another has a price of $530, it is safe to say that is an arbitrage opportunity, and what we learned from that event was to try to unwind positions in a more complicated but more orderly way. We never enter into positions ourselves, but there are a lot of bots that run on our exchange and others. "
then why would "we" as in Bitfinex need
"In regards to flash crash issues, we strive to make sure that our prices are not becoming drastically uncorrelated to the overall market for bitcoin. The algorithms we use and the trading strategies are part of our hard won experience after riding through extreme events like those you mentioned, and I can't disclose the details, but we learned some valuable lessons, and I don't believe an event like that can happen again, or at least, we have taken steps to try and protect people from that specific situation. "
August 08, 2014, 09:15:16 PM
Hotwallet empty. Wait until tomorrow. Then write email if not fixed.
August 08, 2014, 01:12:11 PM
Whats up with bitfinex, tried to withdrawl some litecoin, said pending approval for over 2 hours. Canceled it then tried again, going on 30mins???
August 07, 2014, 03:40:46 PM
http://www.reddit.com/r/BitcoinMarkets/comments/2cruxj/this_bitfinex_credit_bubble_cannot_end_well/cjiue2r
If it is in fact true that..
"The flash crash was a prime example of that. But, when one exchange has a price of $100 and another has a price of $530, it is safe to say that is an arbitrage opportunity, and what we learned from that event was to try to unwind positions in a more complicated but more orderly way. We never enter into positions ourselves, but there are a lot of bots that run on our exchange and others. "
then why would "we" as in Bitfinex need
"In regards to flash crash issues, we strive to make sure that our prices are not becoming drastically uncorrelated to the overall market for bitcoin. The algorithms we use and the trading strategies are part of our hard won experience after riding through extreme events like those you mentioned, and I can't disclose the details, but we learned some valuable lessons, and I don't believe an event like that can happen again, or at least, we have taken steps to try and protect people from that specific situation. "
In his post Josh Rossi writes: If it is in fact true that..
"The flash crash was a prime example of that. But, when one exchange has a price of $100 and another has a price of $530, it is safe to say that is an arbitrage opportunity, and what we learned from that event was to try to unwind positions in a more complicated but more orderly way. We never enter into positions ourselves, but there are a lot of bots that run on our exchange and others. "
then why would "we" as in Bitfinex need
"In regards to flash crash issues, we strive to make sure that our prices are not becoming drastically uncorrelated to the overall market for bitcoin. The algorithms we use and the trading strategies are part of our hard won experience after riding through extreme events like those you mentioned, and I can't disclose the details, but we learned some valuable lessons, and I don't believe an event like that can happen again, or at least, we have taken steps to try and protect people from that specific situation. "
"First of all, no lender at Bitfinex has ever lost money. Ever. " Is that true though? I have read multiple times that lenders lost money (about a 10 % cut) when Bitcoin crashed from 260 to 70 in April? Can anyone of the veterans here confirm?
Bitfinex covered 500,000 USD in lenders losses. Noone lost coins/fiat in that event lending.
Yes, that's what I remember too: no lender lost money.
Some traders complained about the rollback, naturally: those who "lost" their $70 (or similar) Bitcoins, and complained that they would have "lost" money there.
Of course even they would have been wiped out in the next minutes, when the uncontrolled meltdown-flashcrash went on..
All in all, BitFinex were praised for their fast and sane reaction, and for covering all (real) losses.
Ente
August 07, 2014, 12:52:15 PM
http://www.reddit.com/r/BitcoinMarkets/comments/2cruxj/this_bitfinex_credit_bubble_cannot_end_well/cjiue2r
If it is in fact true that..
"The flash crash was a prime example of that. But, when one exchange has a price of $100 and another has a price of $530, it is safe to say that is an arbitrage opportunity, and what we learned from that event was to try to unwind positions in a more complicated but more orderly way. We never enter into positions ourselves, but there are a lot of bots that run on our exchange and others. "
then why would "we" as in Bitfinex need
"In regards to flash crash issues, we strive to make sure that our prices are not becoming drastically uncorrelated to the overall market for bitcoin. The algorithms we use and the trading strategies are part of our hard won experience after riding through extreme events like those you mentioned, and I can't disclose the details, but we learned some valuable lessons, and I don't believe an event like that can happen again, or at least, we have taken steps to try and protect people from that specific situation. "
In his post Josh Rossi writes: If it is in fact true that..
"The flash crash was a prime example of that. But, when one exchange has a price of $100 and another has a price of $530, it is safe to say that is an arbitrage opportunity, and what we learned from that event was to try to unwind positions in a more complicated but more orderly way. We never enter into positions ourselves, but there are a lot of bots that run on our exchange and others. "
then why would "we" as in Bitfinex need
"In regards to flash crash issues, we strive to make sure that our prices are not becoming drastically uncorrelated to the overall market for bitcoin. The algorithms we use and the trading strategies are part of our hard won experience after riding through extreme events like those you mentioned, and I can't disclose the details, but we learned some valuable lessons, and I don't believe an event like that can happen again, or at least, we have taken steps to try and protect people from that specific situation. "
"First of all, no lender at Bitfinex has ever lost money. Ever. " Is that true though? I have read multiple times that lenders lost money (about a 10 % cut) when Bitcoin crashed from 260 to 70 in April? Can anyone of the veterans here confirm?
Bitfinex covered 500,000 USD in lenders losses. Noone lost coins/fiat in that event lending.
August 07, 2014, 12:39:01 PM
http://www.reddit.com/r/BitcoinMarkets/comments/2cruxj/this_bitfinex_credit_bubble_cannot_end_well/cjiue2r
If it is in fact true that..
"The flash crash was a prime example of that. But, when one exchange has a price of $100 and another has a price of $530, it is safe to say that is an arbitrage opportunity, and what we learned from that event was to try to unwind positions in a more complicated but more orderly way. We never enter into positions ourselves, but there are a lot of bots that run on our exchange and others. "
then why would "we" as in Bitfinex need
"In regards to flash crash issues, we strive to make sure that our prices are not becoming drastically uncorrelated to the overall market for bitcoin. The algorithms we use and the trading strategies are part of our hard won experience after riding through extreme events like those you mentioned, and I can't disclose the details, but we learned some valuable lessons, and I don't believe an event like that can happen again, or at least, we have taken steps to try and protect people from that specific situation. "
In his post Josh Rossi writes: If it is in fact true that..
"The flash crash was a prime example of that. But, when one exchange has a price of $100 and another has a price of $530, it is safe to say that is an arbitrage opportunity, and what we learned from that event was to try to unwind positions in a more complicated but more orderly way. We never enter into positions ourselves, but there are a lot of bots that run on our exchange and others. "
then why would "we" as in Bitfinex need
"In regards to flash crash issues, we strive to make sure that our prices are not becoming drastically uncorrelated to the overall market for bitcoin. The algorithms we use and the trading strategies are part of our hard won experience after riding through extreme events like those you mentioned, and I can't disclose the details, but we learned some valuable lessons, and I don't believe an event like that can happen again, or at least, we have taken steps to try and protect people from that specific situation. "
"First of all, no lender at Bitfinex has ever lost money. Ever. " Is that true though? I have read multiple times that lenders lost money (about a 10 % cut) when Bitcoin crashed from 260 to 70 in April? Can anyone of the veterans here confirm?
August 07, 2014, 09:41:18 AM
can anyone help me? I'm getting error 400 on order/new
this is the code
http://pastebin.com/zmyxDJyy
the authentication works and it's the same code, the unique difference is on the payload
any idea?
this is the code
http://pastebin.com/zmyxDJyy
the authentication works and it's the same code, the unique difference is on the payload
any idea?
August 07, 2014, 07:04:27 AM
I think this was in regard to inter exchange arbitrage trading. If a flashcrash happens they now have funds elsewhere to prevent the severest damage.
August 07, 2014, 02:45:52 AM
They need to add more tools/features to let lenders take less risk if they want to...
For example, I want my lend to be taken only to a trader that:
- setup their account with 1.5:1 leverage
- used the money to short
- used the money to long
etc etc, there is a lot of things like this that they can implement, any one discussed this before? or got any insight from them about implementing such things?
Regards
For example, I want my lend to be taken only to a trader that:
- setup their account with 1.5:1 leverage
- used the money to short
- used the money to long
etc etc, there is a lot of things like this that they can implement, any one discussed this before? or got any insight from them about implementing such things?
Regards
I think that topic came up already, but nothing came out of this.
More pressing, it's still unclear how "everything is as much insured as we can" looks in reality and who would pay in a catastrophic meltdown. Finally, this wouldn't solve the counterparty-risk you have with all anonymous (this topic isn't resolved yet neither) websites.
On the bright side: it's not possible to open positions on darkcoin.
(That "total drk swaps" tablehead scares me a little, though)
Ente
August 07, 2014, 12:44:27 AM
They need to add more tools/features to let lenders take less risk if they want to...
For example, I want my lend to be taken only to a trader that:
- setup their account with 1.5:1 leverage
- used the money to short
- used the money to long
etc etc, there is a lot of things like this that they can implement, any one discussed this before? or got any insight from them about implementing such things?
Regards
For example, I want my lend to be taken only to a trader that:
- setup their account with 1.5:1 leverage
- used the money to short
- used the money to long
etc etc, there is a lot of things like this that they can implement, any one discussed this before? or got any insight from them about implementing such things?
Regards
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