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Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 197. (Read 723903 times)

full member
Activity: 136
Merit: 100

I'm talking about taking margin upfront as long as
tradable balance (aka leveraged free margin) allows
to cover the expected swap interest.

Suppose i'm holding a fully leveraged position (can't place margin orders),
knowing that i will be closing it and reentering the market at the later time.
Hence i'd like to secure some margin right away, while rates are still relatively low.

RIght now i have to place multiple tiny swap bids, clogging the order book and everything.

Or is there any other reasons why taking more margin than tradable bl isn't possible atm?
Essentially this is leveraging for swaps. I.e. the same 2.5:1 limit can be applied or not.

Okay, so you mean to take a swap before you need it, at a time when you're not yet able to use it, so that it's reserved at a low rate for when you want it?

I don't know; I suspect that's not something the system will let you do, but I don't see what the harm would be in allowing it. Might have the potential to be abused by someone seeking to manipulate the swap rate by taking up the cheap liquidity without any intent of ever using it - being able to keep up the fee payments is a much lower bar than having enough funds to back up a margin trade.

Although, if you want to take advantage of the cheap swaps that are available, you should be able to 'refinance' by cancelling your existing swap; it'll automatically take the cheapest offer to replace it.
full member
Activity: 124
Merit: 100
How do you receive swaps with flash return rate?
My orders are just sitting there in unfilled swap demands.
Besides, i cannot take more than tradable balance
as if leveraging does no apply here as well.

Unless I'm mistaken, "Tradeable balance" should already include leverage.

Flash return rate can be selected from the little 'options' dropdown underneath where you enter a swap demand.

If the flash-return rate is the current lowest, it should also be taken automatically if you enter a trade without manually setting up a swap.

I'm talking about taking margin upfront as long as
tradable balance (aka leveraged free margin) allows
to cover the expected swap interest.

Suppose i'm holding a fully leveraged position (can't place margin orders),
knowing that i will be closing it and reentering the market at the later time.
Hence i'd like to secure some margin right away, while rates are still relatively low.

RIght now i have to place multiple tiny swap bids, clogging the order book and everything.

Or is there any other reasons why taking more margin than tradable bl isn't possible atm?
Essentially this is leveraging for swaps. I.e. the same 2.5:1 limit can be applied or not.
hero member
Activity: 798
Merit: 1000
up again.....

Site still isn't actually working though.

I just got a notification email to say that my swap offer was taken, no sign of that having happened if I look at the site.

That, and the lack of any visible trades (whether that's because there aren't any or because the API isn't reporting them).

Being able to see a static page isn't really any more useful than when it was down... slightly more reassuring, but no more useful.

Working for me now and the APi seems to be spitting trades out again.
legendary
Activity: 1218
Merit: 1006
Crypto entrepreneur and consultant
The engine is working but account balances from main page aren't updating correctly (so for example you can't use the "sell all" button to place an order with all your balance in the exchange wallet).
The balances show correctly from other pages, like "manage wallets".

[EDIT] All back to normal now.
full member
Activity: 136
Merit: 100
up again.....

Site still isn't actually working though.

I just got a notification email to say that my swap offer was taken, no sign of that having happened if I look at the site.

That, and the lack of any visible trades (whether that's because there aren't any or because the API isn't reporting them).

Being able to see a static page isn't really any more useful than when it was down... slightly more reassuring, but no more useful.
newbie
Activity: 42
Merit: 0
Site's up but can't place orders
newbie
Activity: 7
Merit: 0
order book is still not working properly either at bitwisdom or the site!
legendary
Activity: 2126
Merit: 1001
sr. member
Activity: 446
Merit: 250
CAT.EX Exchange
Quote
This website is under heavy load
At least for me..

Ente

working on it...... we should be up shortly

Giancarlo



up again.....
sr. member
Activity: 446
Merit: 250
CAT.EX Exchange
Quote
This website is under heavy load
At least for me..

Ente

working on it...... we should be up shortly

Giancarlo

full member
Activity: 136
Merit: 100
How do you receive swaps with flash return rate?
My orders are just sitting there in unfilled swap demands.
Besides, i cannot take more than tradable balance
as if leveraging does no apply here as well.

Unless I'm mistaken, "Tradeable balance" should already include leverage. Flash return rate can be selected from the little 'options' dropdown underneath where you enter a swap demand.

If the flash-return rate is the current lowest, it should also be taken automatically if you enter a trade without manually setting up a swap.
newbie
Activity: 42
Merit: 0
Hmmm yeah this can't be good  Undecided
full member
Activity: 130
Merit: 100
Quote
This website is under heavy load
At least for me..

Ente

Yes site has been down for 15 minutes now.  Many people losing lots of money thanks to this outage.
legendary
Activity: 2126
Merit: 1001
Quote
This website is under heavy load
At least for me..

Ente
full member
Activity: 124
Merit: 100
How do you receive swaps with flash return rate?
My orders are just sitting there in unfilled swap demands.
Besides, i cannot take more than tradable balance
as if leveraging does no apply here as well.
hero member
Activity: 763
Merit: 500
Incorrect, it has always been this way.  Maybe you have just been lucky and had loans taken out for the full time, but it's been like this for almost a year.
Then I must've been super lucky. Thus far when I have lent for 30 days, it always said "30 days". Now, since today, it was "2 days" and "5 days". During the past year I've lent at least a hundred times, probably more. It is possible this could have slipped through me a few times, but if it was often, it would be impossible not to notice.


I would say that at least 95% of the loans I set to 30 days get taken for the 30 days, maybe even higher.
newbie
Activity: 20
Merit: 0
Incorrect, it has always been this way.  Maybe you have just been lucky and had loans taken out for the full time, but it's been like this for almost a year.
Then I must've been super lucky. Thus far when I have lent for 30 days, it always said "30 days". Now, since today, it was "2 days" and "5 days". During the past year I've lent at least a hundred times, probably more. It is possible this could have slipped through me a few times, but if it was often, it would be impossible not to notice.
legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
It seems Bitfinex has again worsened the P2P lending from lenders point of view. Now it does not matter if you specify e.g. 30 days lending period. If the borrower wants it for two days, he can just take it. Previously he at least had to cancel it. In this new system, for a lender the only chance to find a 30-day borrower, is to hit a 30-day bid. In that case, the lender loses at least the spread, often more.

An orderbook with different periods mixed is not a good solution. There should at least be a filtering feature. It would help borrowers and lenders alike.

Incorrect, it has always been this way.  Maybe you have just been lucky and had loans taken out for the full time, but it's been like this for almost a year.

yes. And not only that, but the days mean: For lenders: Maximum days the money can be lent. For borrowers: Minimum days the money must be lent.
hero member
Activity: 763
Merit: 500
It seems Bitfinex has again worsened the P2P lending from lenders point of view. Now it does not matter if you specify e.g. 30 days lending period. If the borrower wants it for two days, he can just take it. Previously he at least had to cancel it. In this new system, for a lender the only chance to find a 30-day borrower, is to hit a 30-day bid. In that case, the lender loses at least the spread, often more.

An orderbook with different periods mixed is not a good solution. There should at least be a filtering feature. It would help borrowers and lenders alike.

Incorrect, it has always been this way.  Maybe you have just been lucky and had loans taken out for the full time, but it's been like this for almost a year.
newbie
Activity: 20
Merit: 0
It seems Bitfinex has again worsened the P2P lending from lenders point of view. Now it does not matter if you specify e.g. 30 days lending period. If the borrower wants it for two days, he can just take it. Previously he at least had to cancel it. In this new system, for a lender the only chance to find a 30-day borrower, is to hit a 30-day bid. In that case, the lender loses at least the spread, often more.

An orderbook with different periods mixed is not a good solution. There should at least be a filtering feature. It would help borrowers and lenders alike.
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