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Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 242. (Read 723903 times)

member
Activity: 684
Merit: 10
Just want to say I made a international wire from U.S.A 10am in the morning. And it show up in my account 11pm the same day.

Wow that was fast. Hope withdraw goes this fast too.

And I want to say Thank you to the Bitfinex team.

I know a lot of people don't show enough appreciation for your work and effort.

So Thank you again for trying to make this platform better for all of us.



member
Activity: 112
Merit: 10
There's these two tools out there that can be really helpful, I believe they are called "a calculator" and "a spreadsheet". The latter works great for me. You should look into it.
Nope,

That's what we pay fees for,
for them to provide a proper platform,

as for the calculator and spreadsheet,
be my guess, sounds like you are from
a antiquated world, sure you still use a "Slide Ruler" even !

The whole idea is to save time,
not create more time,
oh well, you just blew whatever "credibility" with me that you might have had before,
I do believe there is a "Ignore" button here or "Block User" for Dumb-Asses !

Sorry about thoughts aloud here, but you are really rather annoying with your desperation on pushing for this well beyond real significance feature. When I am in my lending phase at Bitfinex, I would really HATE to know that a person like you is taking my swaps. YOU and like you, are the hell of a lending risk around here.
Are you having some serious math problems? If you really want to dump all your money into position in a flash, is it THAT difficult to make an estimate in your head? Just round the numbers and go. Don't like it, don't "round" just go (elsewhere).
We are paying fees (among lowest in the industry BTW) for the overall (quite well designed in my opinion) trading platform. It has what is needed and already even more.

P.S. I found the button you were referring to. Try to guess (no math here) who is not going to see, whose "Dumb-Ass" posts ...


Did not even bother to read your entire post,
First it holds zero water coming from a NEWBIE,
and even more less coming from a "LENDER"
that knows nothing about TRADING, period !

IGNORED . . . . !

P.S.:
Stick To Lending
Leave The Trading To Us Traders to MAKE THE REAL MONEY !

and YES we are making FLASH moves,
IN and OUT in a FLASH,

Not like we can take Long-Term CFD positions with the HIGH INTEREST RATES
Being charged by Lenders,
Even if I did, I would still search for other OFFERED LIQUIDITY for the LOWEST RATE OFFERED,
then close the position with the HIGH RATE and re-open the position with the newly found LOWER RATE !

No one is stupid enough to maintain a long-term position with one of your incredibly HIGH INTEREST LOANS
That somewhere in your dreams you thought would buy you a Ferrari, lol .
full member
Activity: 144
Merit: 100
There's these two tools out there that can be really helpful, I believe they are called "a calculator" and "a spreadsheet". The latter works great for me. You should look into it.
Nope,

That's what we pay fees for,
for them to provide a proper platform,

as for the calculator and spreadsheet,
be my guess, sounds like you are from
a antiquated world, sure you still use a "Slide Ruler" even !

The whole idea is to save time,
not create more time,
oh well, you just blew whatever "credibility" with me that you might have had before,
I do believe there is a "Ignore" button here or "Block User" for Dumb-Asses !

Sorry about thoughts aloud here, but you are really rather annoying with your desperation on pushing for this well beyond real significance feature. When I am in my lending phase at Bitfinex, I would really HATE to know that a person like you is taking my swaps. YOU and like you, are the hell of a lending risk around here.
Are you having some serious math problems? If you really want to dump all your money into position in a flash, is it THAT difficult to make an estimate in your head? Just round the numbers and go. Don't like it, don't "round" just go (elsewhere).
We are paying fees (among lowest in the industry BTW) for the overall (quite well designed in my opinion) trading platform. It has what is needed and already even more.

P.S. I found the button you were referring to. Try to guess (no math here) who is not going to see, whose "Dumb-Ass" posts ...
member
Activity: 112
Merit: 10
quickly,
when the market is moving, not having to guess with estimates
of how many bitcoins.


In short, a "Buy All / Sell All" button,
Some of us trade that way and the current Margin Trading Page
is not up to par.

There's these two tools out there that can be really helpful, I believe they are called "a calculator" and "a spreadsheet". The latter works great for me. You should look into it.



Nope,

That's what we pay fees for,
for them to provide a proper platform,

as for the calculator and spreadsheet,
be my guess, sounds like you are from
a antiquated world, sure you still use a "Slide Ruler" even !

The whole idea is to save time,
not create more time,
oh well, you just blew whatever "credibility" with me that you might have had before,
I do believe there is a "Ignore" button here or "Block User" for Dumb-Asses !
member
Activity: 112
Merit: 10


         https://addons.mozilla.org/en-US/firefox/addon/contextcalc

         Like Qt-Trader and also like BitFinex's own "Buy All / Sell All" buttons on the Exchange Page.
         For some reason they did not include it on the "Margin Trading Page"



I'm sure with time they can come up with something better, the current workaround was easy to implement.

I don't know about Qt-trader but I can probably tell you why there is no "buy all/sell all" button like exchange. In exchange the amount your trading with is fixed, either x amount of $ or x amount of btc. In Margin mode it count both USD and BTC, while USD value is fixed BTC is not. So your tradeble balance is always fluctuating if there is BTC in the wallet. And what happens when the system detects a trade that you don't sufficient balance? It cancels the whole block at execution and more people will complaint about that.

Give it time, not a "easy" fix



Bottomline is we need a way to put orders on fast and quickly,
when the market is moving, not having to guess with estimates
of how many bitcoins.

In short, a "Buy All / Sell All" button,
Some of us trade that way and the current Margin Trading Page
is not up to par.
member
Activity: 70
Merit: 10
I just printed the KYC FORM from https://www.bitfinex.com/KYC%20FORM%20ENGLISH%20INTL.pdf and notice that it says:

"In order to meet the requirements, we would be grateful if you would complete the form below in detail, and attach copies of
the relevant identification documents. These must be certified by a solicitor (or notary, or court officer)"

Is my understanding correct that the bank statement has to be  certified before scanning it? Can any one that has already completed the verification comment on that?
Thanks in advanced!


it should work if it´s an official statement from your bank (logo of the bank on it and so on). Don´t think a notary certification is necessary.
(my own experience when I asked for verification)
copper member
Activity: 301
Merit: 10
simply getting the job done
hy!
it would be nice to have more than one api key as parallel use of one api key gives nonce error.
thx

Agree. I would need to put a queue to process the API requests to get rid of the nonce error


In addition, just echo my wish list:
* API to transfer amount between different wallets
* API to do bitcoin withdrawal

sr. member
Activity: 288
Merit: 250
ManualMiner
hy!
it would be nice to have more than one api key as parallel use of one api key gives nonce error.
thx
hero member
Activity: 695
Merit: 500
I just printed the KYC FORM from https://www.bitfinex.com/KYC%20FORM%20ENGLISH%20INTL.pdf and notice that it says:

"In order to meet the requirements, we would be grateful if you would complete the form below in detail, and attach copies of
the relevant identification documents. These must be certified by a solicitor (or notary, or court officer)"

Is my understanding correct that the bank statement has to be  certified before scanning it? Can any one that has already completed the verification comment on that?
Thanks in advanced!
sr. member
Activity: 288
Merit: 250
ManualMiner
strange margin order deletion again:

position -10 btc
buy limit order +20 btc

partial execution with 3 btc - order removed
??
edit:
my limit orders are treaded like fill or kill

Strange ...
Are your fees settled in USD or BTC?
Please go to the account setting section and set it in USD ( in case they are not ).

Thank you and have a good day

Giancarlo
Bitfinex Team

i think i found out, the system allows to put an order for which the margin is sufficient only after the active position is closed, but upon settlement it considers the margin not to be enough and cancels the order.
newbie
Activity: 21
Merit: 0


         https://addons.mozilla.org/en-US/firefox/addon/contextcalc

         Like Qt-Trader and also like BitFinex's own "Buy All / Sell All" buttons on the Exchange Page.
         For some reason they did not include it on the "Margin Trading Page"



I'm sure with time they can come up with something better, the current workaround was easy to implement.

I don't know about Qt-trader but I can probably tell you why there is no "buy all/sell all" button like exchange. In exchange the amount your trading with is fixed, either x amount of $ or x amount of btc. In Margin mode it count both USD and BTC, while USD value is fixed BTC is not. So your tradeble balance is always fluctuating if there is BTC in the wallet. And what happens when the system detects a trade that you don't sufficient balance? It cancels the whole block at execution and more people will complaint about that.

Give it time, not a "easy" fix
full member
Activity: 144
Merit: 100
Regarding feedback for platform features, what do people think about capping the lowest % for lending? I mean can we somehow come up with and put a value to the associated risks?
I am asking this because I am pretty sure people will keep placing lower bits just for the sake of outbidding, without putting much thought to the process or analyzing things, even just a little bit. I have a bad feeling that some people may not even notice when they start putting bids in negative values  Tongue

I'd like to also note that I personally do both sides, trading AND lending and I did pay a lot to lenders in my time at Bitfinex.
hero member
Activity: 695
Merit: 500
Hi I have two questions Smiley

1. How is bitfinex with the verification process? Are they a less picky then bitstamp?

2. What are your experiences for international wire transfers (withdrawing), are they generally on time?

Thanks!



Yes,
On Both Accounts !



Thanks, I will then give them a try with there verification as bitstamp is driving me crazy with not accepting my bank statement, giving me no reason just repeating "please submit another document"
member
Activity: 112
Merit: 10
Hi I have two questions Smiley

1. How is bitfinex with the verification process? Are they a less picky then bitstamp?

2. What are your experiences for international wire transfers (withdrawing), are they generally on time?

Thanks!



Yes,
On Both Accounts !

hero member
Activity: 695
Merit: 500
Hi I have two questions Smiley

1. How is bitfinex with the verification process? Are they a less picky then bitstamp?

2. What are your experiences for international wire transfers (withdrawing), are they generally on time?

Thanks!
member
Activity: 112
Merit: 10
They already implemented an estimate. Why keep complaining...


Not on the "Margin Trading" page,
if you find it, let me know !   

It's right next to the prices... after you type in the price and how much btc, it gives you an estimate of the total.



Got'cha,

Not exactly what I had in mind,
but it's better than nothing,
still a little backwards.

Thanks


P.S.:  Check this out, enter your tradeable balance

         XXXX.00/x

         That's balance divided by "x" into options,
         and whatever context you select (current buy or sell price) on the screen
         then right-click and it will
         divide your balance by that context which is "x" results,
         displayed in the right-click context menu thus giving you a down
         to the penny "All-In" scenario.
         Faster than guessing at what amount,
         Speed Counts !

         https://addons.mozilla.org/en-US/firefox/addon/contextcalc

         Like Qt-Trader and also like BitFinex's own "Buy All / Sell All" buttons on the Exchange Page.
         For some reason they did not include it on the "Margin Trading Page"

newbie
Activity: 21
Merit: 0
They already implemented an estimate. Why keep complaining...


Not on the "Margin Trading" page,
if you find it, let me know !   

It's right next to the prices... after you type in the price and how much btc, it gives you an estimate of the total.
full member
Activity: 238
Merit: 100


1) CFD are short term contracts and there are limitations in the max amount of days ( 30 days max)
2) higher leverage means higher risks for the liquidity provider. Markets are too turbulent in this moment to allow this....

I hope this helps

Giancarlo
Bitfinex Team



What about the other 7 suggestions? Smiley

Some are very minor changes that benefit everyone.
full member
Activity: 144
Merit: 100
Quote
1) CFD are short term contracts and there are limitations in the max amount of days ( 30 days max)
2) higher leverage means higher risks for the liquidity provider. Markets are too turbulent in this moment to allow this....

I hope this helps

Giancarlo
Bitfinex Team

Giancarlo,
Reagrding item 1, those extensions could probably be made "extendable" up to the maximum of 30 days then (starting from the original date on which any given swap was taken) and probably with the minimum extension of 2 days, which is a "standard" lending minimum. In general, this feature seems like a good idea, I am voting for it too.
newbie
Activity: 21
Merit: 0
They already implemented an estimate. Why keep complaining...
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