[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 188.

m5j0r

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Don't you even dare to say that in small letters Grin

another goxing and the hopes for another rally are gone for a while..

I personally would appreciate similar companies registered in the US.. like cryptsy.
Of course taxes etc aren't that great, but it gives the users something to hold on to in case things go awry for real.

Dalmar

hero member

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Life is short, practice empathy in your life

Quote from: TwinWinNerD on June 10, 2014, 04:31:40 AM

Can you guys explain the 1.66% spread between finex and stamp? Semms unusual high and isn't closed for quite some time now.

A bunch of big orders cleaned up the bfx asks a few hours ago, but on stamp the price remained flat. The two exchanges should get back in sync soon.

Or perhaps this is the first sign of a goxing coming soon.

TwinWinNerD

legendary

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CEO Bitpanda.com

Can you guys explain the 1.66% spread between finex and stamp? Semms unusual high and isn't closed for quite some time now.

nrd525

legendary

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I've got a hypothesis that the amount of USD swap will expand fast enough to keep the interest rate under 0.2%/day. Sure there are some short-term spikes above that amount, but even in a very bullish market we'll settle at 0.2%/day (or less). Once the rate exceeds 0.2%/day - investors get very interested.

Currently 23.8 million swaps (all-time high) and the rate is 0.173%. After the 15% fee, this is about a 15% return by 9/15/2014 - whereas icbit.se BTC/USD futures for that date are trading at a 9.4% premium (711 vs current price of 650).

BFX rate could be higher due to
1) more flexibility - you can end your swap long before three months is over
2) it's only higher in the short-term (it is likely to fall back to 0.1% or even 0.05%)
3) greater trust (icbit is smaller / less well known)

bjornw

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Quote from: stevec on June 08, 2014, 02:11:25 AM

Does anyone have any working BitFinex API authentication code? The docs are a bit vague, and my code (posted here: http://bitcoin.stackexchange.com/questions/25835/bitfinex-api-call-returns-400-bad-request) always returns HTTP 400 Bad Request.

A while back whatthesith posted a php class for the bitfinex api in this topic:

Quote from: whatthesith on January 14, 2014, 11:10:54 PM

I have developed a PHP class for accessing Bitfinex lending API.

Note that not all type of requests (from https://www.bitfinex.com/pages/api) are implemented,

But it should be intuitive and easy enough to add new methods if you know how to program in PHP.

http://pastebin.com/VXMsBwXU

I've added a few lines to show how you could use whatthesith's code here:
http://pastebin.com/RguvFezi

All credits go to whatthesith, I just added a few lines to fetch your balance and print it in a table. Hope this will help you a bit

Bjorn

m5j0r

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Quote from: Sukrim on June 08, 2014, 06:37:35 PM

The vast majority of people here has not posted a single thing...

Thats why I guessed. But there really has been some poll before.. cant be bothered to find it now.

Sukrim

legendary

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The vast majority of people here has not posted a single thing...
There are 3700 BTC available for borrowing right now at FRR or below, so yes, that's quite saturated indeed.

m5j0r

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@Sukrim
Thanks for clarifying this!

I'd guess the vast majority of btctalk members doesn't even have more than 10BTC. (I think there's even some kind of poll some time ago)
But that doesn't matter here anyway.

Thanks to http://www.bfxdata.com as well. It's pretty clear why the rates for BTC are so low.. USD rates are almost twice LIBOR but of course I am going to keep my BTC.

This market (BTC) is completely saturated.

Sukrim

legendary

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Yes, you pay 15% of your interest earnings. If you lend out 10k USD at 1% a day, you'd get 100 USD. 15% of these 100 USD go to BFX, so you end up with 85 USD as interest (aka. "Swap payments").

This doesn't change if you put a lot of zeroes in the front of numbers. There are people who lend out significantly more than 1 BTC.

m5j0r

full member

Activity: 140

Merit: 100

Can anyone please give me an example of how the return for liquidity providers is being calculated?

Under "fees" it states:

Quote

"Charged on your existing swaps, paid by the liquidity provider 15.0% (of the swaps generated by active contracts)"

current rate:

Quote

Flash Return Rate (current: 0.0056%)

Say I have 1 BTC in my account, set at the "autorenew" tab period to 7, rate empty, check "flash return rate", where exactly are these 15% taken out then?
Since the FRR changes, just do a single day: 0.000056 gross return paid out at midnight GMT. Do I now seriously pay 15% on this?

stevec

newbie

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Does anyone have any working BitFinex API authentication code? The docs are a bit vague, and my code (posted here: http://bitcoin.stackexchange.com/questions/25835/bitfinex-api-call-returns-400-bad-request) always returns HTTP 400 Bad Request.

thanks
/Steve

teamcryptonator

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Blockchain Just Entered The Real World

hey guys!

we have added Bitfinex on the Cryptonators's list of exchanges with rates and daily volume

https://www.cryptonator.com/exchange

Cheers

bjornw

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Activity: 152

Merit: 100

Quote

Personally I don't think a really long time scale is useful as there are so many variables in between. Its just a quick and nice way to gauge some degree of sentiment.

More or less how I figured it as well.

BTW I've just replaced the 'old' order book pages for BTCUSD, LTCUSD and LTCBTC with new pages. You can find them in the menu, or go to:

The dark coin pages are for now as they were, because tradingview has not yet added them to their platform. I'll make something similar for DRK but with a less elegant price chart.

hope you'll find the new pages useful. If anyone sees a bug, let me know. If you have suggestions for improvements please also let me know and I might just implement it.

cheers Bjorn

dreamspark

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Quote from: bjornw on June 06, 2014, 06:45:40 AM

Quote from: dreamspark on June 06, 2014, 06:42:16 AM

Really like that, particularly the two 24 and 1h buy/sell indicators.

I was quite pleased with them as well Tongue

. I don't think other intervals will add much value, right? or would you find a 1 week or 1 month ratio chart a useful addition?

Personally I don't think a really long time scale is useful as there are so many variables in between. Its just a quick and nice way to gauge some degree of sentiment.

bjornw

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Quote from: dreamspark on June 06, 2014, 06:42:16 AM

Really like that, particularly the two 24 and 1h buy/sell indicators.

I was quite pleased with them as well Tongue

. I don't think other intervals will add much value, right? or would you find a 1 week or 1 month ratio chart a useful addition?

dreamspark

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Quote from: bjornw on June 05, 2014, 02:15:06 PM

sneak preview... http://www.bfxdata.com/orderbooks/btcusd.php

Really like that, particularly the two 24 and 1h buy/sell indicators.

bjornw

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Quote from: Ente on June 06, 2014, 06:31:47 AM

I'd suggest you start your own thread on bfxdata. It's too good to be lost in here :-)
(Sorry if I missed an already existing such thread, please link!)

Ente

https://bitcointalksearch.org/topic/ann-bfxdatacom-bitfinex-market-price-and-market-depth-swap-charts-390218 Wink

Ente

legendary

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Quote from: bjornw on June 06, 2014, 06:06:33 AM

Quote from: Ente on June 06, 2014, 06:00:53 AM

I like it! Will it replace, or merge into the current view? Or will it stay separated?

when it's ready I will replace the current BTCUSD/LTCUSD and LTCBTC order books (http://www.bfxdata.com/bitfinexOrderbookBTCUSD.php) with this new one. Or would you prefer to keep the old order book pages over this new one?

Do you miss something in the new layout? see more bugs? let me know

I, personally, use bitcoincharts (for static) and bitcoinwisdom (dynamic) for my charts, and follow the bitstamp charts.
Until now, I used bfxdata for monitoring the swap rates.
I didn't update my charts and links for a while, I guess I should! :-)

I'd suggest you start your own thread on bfxdata. It's too good to be lost in here :-)
(Sorry if I missed an already existing such thread, please link!)

Ente

bjornw

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Quote from: Ente on June 06, 2014, 06:00:53 AM

I like it! Will it replace, or merge into the current view? Or will it stay separated?

when it's ready I will replace the current BTCUSD/LTCUSD and LTCBTC order books (http://www.bfxdata.com/bitfinexOrderbookBTCUSD.php) with this new one. Or would you prefer to keep the old order book pages over this new one?

Do you miss something in the new layout? see more bugs? let me know

Ente

legendary

Activity: 2126

Merit: 1001

Quote from: bjornw on June 05, 2014, 08:22:27 PM

Quote from: Ente on June 05, 2014, 04:46:01 PM

Nice!
Will this come for other exchanges too? For example Bitfinex? :-)

Also, the two "Sell/Buy ratio" both say "24h". I guess one has a different timeframe. I like that indicator!

Ente

Oops

Chart is was wrong of course, I intended to insert a bitfinex btcusd chart, messed up a bit clearly lol . All other data on the page is bitfinex, I will insert the correct chart. Top ratio chart displays last hour, label ~~is wrong~~ was wrong. Maybe I was a bit too fast in sharing the link to the new orderbook page. I thougt Ialready found most bugs, but clearly i still missed a few Cheesy

Hey, you did label it as a sneak preview! :-)

I like it! Will it replace, or merge into the current view? Or will it stay separated?

Cheers!

Ente

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