Ok, I see. You're right. And I checked it in my account — it works exactly like you said.
But using "% per 365 days" in API still looks strange and confusing.
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 185. (Read 723903 times)
June 14, 2014, 08:43:49 PM
June 14, 2014, 08:28:04 PM
By the way, may I ask bitfinex guys: what kind of crazy arithmetics do you use in your api? 0.35% per day is not 128% per year, it is 258% per year.
0.35% per day it's 127.75% per year... You are the one with crazy arithmetics!
But it's my way to calculate the interest, and the one banks uses to legaly cheat their clients. I don't know which one bitfinex uses. If somebody borrow $100 at 0.35%/day for 30 days, then after 30 days he will owe $110.50, not $111.05, or what?
It all depends if you lend the interest or not. If you lend also the interest gained every day then indeed just multiplying with 365 it's not correct, but if you don't then this is the correct interest per year.
June 14, 2014, 08:25:45 PM
By the way, may I ask bitfinex guys: what kind of crazy arithmetics do you use in your api? 0.35% per day is not 128% per year, it is 258% per year.
0.35% per day it's 127.75% per year... You are the one with crazy arithmetics!
But it's my way to calculate the interest, and the one banks uses to legaly cheat their clients. I don't know which one bitfinex uses. If somebody borrow $100 at 0.35%/day for 30 days, then after 30 days he will owe $110.50, not $111.05, or what?
Also, you cannot just give out the number (like you do for your $357.97 example) and say this is some sort of a "standard" method of calculations, because it is not. Compounding could be yearly, monthly, weekly, daily, per 10 minutes, whatever and for every single of these conditions, the end result (for return) will be different.
June 14, 2014, 07:41:47 PM
By the way, may I ask bitfinex guys: what kind of crazy arithmetics do you use in your api? 0.35% per day is not 128% per year, it is 258% per year.
0.35% per day it's 127.75% per year... You are the one with crazy arithmetics!
But it's my way to calculate the interest, and the one banks uses to legaly cheat their clients. I don't know which one bitfinex uses. If somebody borrow $100 at 0.35%/day for 30 days, then after 30 days he will owe $110.50, not $111.05, or what?
June 14, 2014, 07:10:57 PM
By the way, may I ask bitfinex guys: what kind of crazy arithmetics do you use in your api? 0.35% per day is not 128% per year, it is 258% per year.
0.35% per day it's 127.75% per year... You are the one with crazy arithmetics!
June 14, 2014, 05:59:46 PM
are leveraged orders (i mean "virtual" amounts,not real) included in the bitfinex volume?
June 14, 2014, 05:23:40 PM
By the way, may I ask bitfinex guys: what kind of crazy arithmetics do you use in your api? 0.35% per day is not 128% per year, it is 258% per year.
June 14, 2014, 05:09:45 PM
Unfortunately I never saw bfxdata.com website, and now it's not working.
So I spend a couple of hours and write a swap rates watchdog with charts. Feel free to hotlink the images if you need.
This is all I needed at the moment. Should I implement something else?
So I spend a couple of hours and write a swap rates watchdog with charts. Feel free to hotlink the images if you need.
This is all I needed at the moment. Should I implement something else?
June 14, 2014, 02:03:52 PM
Bitfinex should consider sponsoring and/or hosting the bfxdata.com website.
June 14, 2014, 03:16:23 AM
can someone please explain the difference of a limit price and a stop price on marginsell BTC. thank you
June 14, 2014, 12:24:52 AM
Something is borked..
It looks like that for some hours now, on my side:
I still have open swap demands, so it wasn't some madman emptying the whole list.
I'd love such low FRR though ;-)
Ente
Seen this before too and it IS a your side issue (your browser actually). Just clear browser's cache and cookies, close the browser and restart it. If you haven't done this procedure for a while, do it and you'll be surprised that your Internet connection is actually much faster than you thought it is. It looks like that for some hours now, on my side:
I still have open swap demands, so it wasn't some madman emptying the whole list.
I'd love such low FRR though ;-)
Ente
June 13, 2014, 02:00:30 PM
I don't normally loan out as low amounts of money as 0.0 USD, but when I do, I loan them at 0.5% interest.
offer #1055142
Hmm, this might be a bug. I also loaned out 0.0 with offer 946691 but at the FRR.
offer #1055142
Hmm, this might be a bug. I also loaned out 0.0 with offer 946691 but at the FRR.
June 13, 2014, 12:20:01 PM
I had a similar bug happening to me where one of the sides (usually the demand side) would not load at all and even reloading the page was useless. I had to completely close my browser and login in to BFX again so it would look normal again.
A relogin solved it for me too.
Ente
June 13, 2014, 11:09:34 AM
Something is borked..
It looks like that for some hours now, on my side:
I still have open swap demands, so it wasn't some madman emptying the whole list.
I'd love such low FRR though ;-)
Ente
I had a similar bug happening to me where one of the sides (usually the demand side) would not load at all and even reloading the page was useless. I had to completely close my browser and login in to BFX again so it would look normal again. It looks like that for some hours now, on my side:
I still have open swap demands, so it wasn't some madman emptying the whole list.
I'd love such low FRR though ;-)
Ente
June 13, 2014, 10:54:42 AM
Something is borked..
It looks like that for some hours now, on my side:
I still have open swap demands, so it wasn't some madman emptying the whole list.
I'd love such low FRR though ;-)
Ente
It looks like that for some hours now, on my side:
I still have open swap demands, so it wasn't some madman emptying the whole list.
I'd love such low FRR though ;-)
Ente
June 13, 2014, 06:20:13 AM
tank you very much for your help... i tried it at bitcoinwisdom before i was writing her... but it is very much "smrearing" probably due to the fact that we are not talking about opening hours but about "awake-times" what i figured out volume is mainly between 5:30 - 8:30 AM and 21:00 - 23:30 PM... That is exactly somewhat off the normal business times 
but anyway... in a way this probably will be the future of trading times as everything is moving into the web and the most things are relatively US centric... Thank you again for your help
but anyway... in a way this probably will be the future of trading times as everything is moving into the web and the most things are relatively US centric... Thank you again for your helpIf you loock closely you'll see that these hours are more related to chinesee working hours.
June 13, 2014, 06:10:38 AM
tank you very much for your help... i tried it at bitcoinwisdom before i was writing her... but it is very much "smrearing" probably due to the fact that we are not talking about opening hours but about "awake-times" what i figured out volume is mainly between 5:30 - 8:30 AM and 21:00 - 23:30 PM... That is exactly somewhat off the normal business times but anyway... in a way this probably will be the future of trading times as everything is moving into the web and the most things are relatively US centric... Thank you again for your help
but anyway... in a way this probably will be the future of trading times as everything is moving into the web and the most things are relatively US centric... Thank you again for your help June 13, 2014, 05:29:54 AM
Hi everybody. I am new to bifinex... and i'm sitting in germany this means its actually UTC/GMT +2 hours... her it is in them moment 12:06 noon (it is not +1 due to the so called summertime in germany) What i would like to know if possible... what are the main trading times here at bifinex.... when is the most volume coming through? Best would be if you could translate this to my timezone. Thank you very much
I personally do not feel the lack of action at any time of the day and that is true for any exchange (most volume spikes are usually coincide). However, if you want to confirm, your best bet would probably be to have a look at chart sites such as bitcoinwisdom.com. At BitcoinWisdom you can pick the time scale to your likes and then simply drug the chart to your right to see earlier days in the same scale, as far back in time as you want. Just watch at volume bars and corresponding times of the day. June 13, 2014, 05:26:50 AM
Hi everybody. I am new to bifinex... and i'm sitting in germany this means its actually UTC/GMT +2 hours... her it is in them moment 12:06 noon (it is not +1 due to the so called summertime in germany) What i would like to know if possible... what are the main trading times here at bifinex.... when is the most volume coming through? Best would be if you could translate this to my timezone. Thank you very much
You can have a closer look at the charts:
http://bitcoincharts.com/charts/bitfinexUSD#rg5zigHourlyztgSzm1g25zm2g10zv
When looking at enough "days", you might see a pattern in volume.
Being a fellow German, I feel a bit like all the action went on when it's nighttime here. Which correlates with the US daytime. I mostly follow the margintrading and lending/borrowing stuff, though.
Ente
June 13, 2014, 05:24:04 AM
Hi everybody. I am new to bifinex... and i'm sitting in germany this means its actually UTC/GMT +2 hours... her it is in them moment 12:06 noon (it is not +1 due to the so called summertime in germany) What i would like to know if possible... what are the main trading times here at bifinex.... when is the most volume coming through? Best would be if you could translate this to my timezone. Thank you very much
You can get all this informations by following https://bitcoinwisdom.com/markets/bitfinex/btcusd.
Please use the code 5l4wLVc4LW on registration for a 10% discount on all trading and lending fees for 30 days if you don't have an account yet.
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