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Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 182. (Read 723903 times)

full member
Activity: 224
Merit: 100
Does anyone else feel like catching spikes with high interest rate is a lame idea? It takes hours to catch them, but borrowers return the money after a hour or so.
legendary
Activity: 1007
Merit: 1000
Can you use their API? I'm receiving weird responses from their server.
What type of requests exactly? The only one I use is https://api.bitfinex.com/v1/lendbook/usd (and  the same for btc and ltc). And it's working.

And yes, I received HTML bullshit with captcha about 12 hours ago. But now it's OK.

Public API is ok for me too. I have problem with private API if i request balance information for example i receive this response:

� ���S ���
� �w�D�2�*cf�&8�ұ���b�Q�vy�>�9�;�S����Z�!���bX{u��q$�<ǫ2V�^ɜ�#�H�]H}7��9_����M��kau��bY   �3J��T�W3RI\������]v�rr5#����9���zQX   �� &��f


Edit: i solved with 1 line of code: request.AutomaticDecompression = DecompressionMethods.GZip

   Sounds like you solved your problem.  

I just uncovered a problem.  I'm using the API to trade.  I'm generating orders, and they are accepted by Bitfinex, but thats the extent of it.  I have an orderid, time stamp, and the response says the trade is active.  They don't get processed, and the history doesn't get updated.  I've sent an email to support, but was just wondering if anyone else has seen anything strange like this.  Seems to have start after 4:30 this afternoon.   Thats the last time a trade was written to my history.    

  WOW, support is fast, I just got a reply back, that they are looking into it. 
hero member
Activity: 699
Merit: 501
Coinpanion.io - Copy Successful Crypto Traders
Can you use their API? I'm receiving weird responses from their server.
What type of requests exactly? The only one I use is https://api.bitfinex.com/v1/lendbook/usd (and  the same for btc and ltc). And it's working.

And yes, I received HTML bullshit with captcha about 12 hours ago. But now it's OK.

Public API is ok for me too. I have problem with private API if i request balance information for example i receive this response:

� ���S ���
� �w�D�2�*cf�&8�ұ���b�Q�vy�>�9�;�S����Z�!���bX{u��q$�<ǫ2V�^ɜ�#�H�]H}7��9_����M��kau��bY   �3J��T�W3RI\������]v�rr5#����9���zQX   �� &��f


Edit: i solved with 1 line of code: request.AutomaticDecompression = DecompressionMethods.GZip
full member
Activity: 224
Merit: 100
Can you use their API? I'm receiving weird responses from their server.
What type of requests exactly? The only one I use is https://api.bitfinex.com/v1/lendbook/usd (and  the same for btc and ltc). And it's working.

And yes, I received HTML bullshit with captcha about 12 hours ago. But now it's OK.
hero member
Activity: 699
Merit: 501
Coinpanion.io - Copy Successful Crypto Traders
Can you use their API? I'm receiving weird responses from their server.
member
Activity: 87
Merit: 10
member
Activity: 87
Merit: 10

Does anybody notice the very unusual activities in the swap lending market? The rate has been jump up and down dramatically (implies somebody taking a lot of funds) but there is no significant amount of trading show up on bitwisdom to justify this kind of activities. 
jr. member
Activity: 50
Merit: 1
I think I'm going to put $5K in Bitfinex and give it a go at lending.  I already have other investments so this is just a play money that I can afford to lose.

I do have an issue on how safe my ID is with them.

Thanks for all the input  Smiley
hero member
Activity: 699
Merit: 501
Coinpanion.io - Copy Successful Crypto Traders
Still doing my due diligence but I have about 10K sitting in my bank doing nothing and was thinking of signing up for BitFinex and provide liquidity to get some returns.  

What are the risks and what are your guys thoughts?


It is very profitable but do it with money you can afford to lose.
It is certainly very profitable in comparison to a savings account. It is not very profitable if you take your advise at heart and consider a real risk of losing it all. Think about the profit you would have made buying bitcoin at 450 on May 20th (possibly on 2.5:1 margin) and selling at 650 on June 8th.  This would have been infinitely more profitable than having your funds lend out for whole 2014 and also bears the risk of losing it all.

Buying on margin has exactly the same risk of losing everything as lending out those funds because in both cases you have to trust Bitfinex. And why do you assume that if he doesn't lend out he will be able to buy the bottom of the next swing up and sell the top? He might as well buy on margin at 610$ face a margin call at 400$ and lose everything according to your strategy.
Buy some bitcoin (not on margin), hold some gold and also lend out some of your $$$ is my advice.
full member
Activity: 172
Merit: 100
Still doing my due diligence but I have about 10K sitting in my bank doing nothing and was thinking of signing up for BitFinex and provide liquidity to get some returns.  

What are the risks and what are your guys thoughts?


It is very profitable but do it with money you can afford to lose.
It is certainly very profitable in comparison to a savings account. It is not very profitable if you take your advise at heart and consider a real risk of losing it all. Think about the profit you would have made buying bitcoin at 450 on May 20th (possibly on 2.5:1 margin) and selling at 650 on June 8th.  This would have been infinitely more profitable than having your funds lend out for whole 2014 and also bears the risk of losing it all.

@wotter11: Whether you'll be making bank or not will significantly depend on the market. If we see a bubble this year you can be sure you will have very good days with very high returns (though infinitely less profitable than just buying bitcoin). If we enter another bear market just look at the interest rate of the last couple of months. We had the rate dropping down to 0.05 % on some days.
hero member
Activity: 699
Merit: 501
Coinpanion.io - Copy Successful Crypto Traders
Still doing my due diligence but I have about 10K sitting in my bank doing nothing and was thinking of signing up for BitFinex and provide liquidity to get some returns. 

What are the risks and what are your guys thoughts?


It is very profitable but do it with money you can afford to lose.
full member
Activity: 224
Merit: 100
What are the risks and what are your guys thoughts?
In short: MtGox.
jr. member
Activity: 50
Merit: 1
Still doing my due diligence but I have about 10K sitting in my bank doing nothing and was thinking of signing up for BitFinex and provide liquidity to get some returns. 

What are the risks and what are your guys thoughts?


legendary
Activity: 2618
Merit: 1007
Ah well, apparently somone borrowed at 0.65% from me, so Im fine with that... Tongue

But yeah, maybe some downtime would be in order?
full member
Activity: 172
Merit: 100
BFX, there is serious fuckery with the lending going on. Offers not being shown, half the order book disappearing, messages of offers executed which are actually not executed at all. etc. etc.
Do something! Take it offline of an hour if necessary!
hero member
Activity: 699
Merit: 501
Coinpanion.io - Copy Successful Crypto Traders
This is the response i'm receiving when i request balance information.

� ���S ���
� �w�D�2�*cf�&8�ұ���b�Q�vy�>�9�;�S����Z�!���bX{u��q$�<ǫ2V�^ɜ�#�H�]H}7��9_����M��kau��bY   �3J��T�W3RI\������]v�rr5#����9���zQX   �� &��f
full member
Activity: 224
Merit: 100
Something is up with the swap returns for USD.  The offers all just got cleared.
Yes it is.
legendary
Activity: 2618
Merit: 1007
BFX has decided to go full retard. Roll Eyes

FRR spiked down to 0.1554% now, I have lent out some positions with 0.0 USD apparently, notifications spamming over the screen... I guess I'll just wait and see in an hour or so.
full member
Activity: 136
Merit: 100
Something is up with the swap returns for USD.  The offers all just got cleared.  I think there is a problem.  Anyone else see that?

I have an offer up that I am trying to cancel right now, but nothing seems to happen when I hit the cancel button.

Update:  Ok, looks like the order book was just cleared for a moment.  Orders seems to be coming back in now, and I successfully cancelled my USD swap offer.
That was really weird.


I saw exactly the same thing - swap offers emptied out, my own offers not appearing in the list, but nothing happening when I clicked cancel. Also received emails during the time it was acting weird saying swaps had closed, which wasn't reflected in the interface.

So yeah, interface got stuck for a while.
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