With Trading Fees and Lender Fees,
makes me hesitate to make any trades
in the current market with these
5-Point and 10-Point moves.
Any thought to maybe doing what these
guys are doing ?
A set fee amount for "Un-Limited Trades" per month ?
Even TradeKing and Scottrade only charge like $4.95
per trade, Unfortunately they don't trade BitCoin,
Yes I'm aware that BitFinex has the lowest
fee when it comes to BitCoin, but still trade enough or
with the current small market movements and it still
adds up.
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Of course there will always be Lender Fee's,
but this just may be an idea for BitFinex to take a look at regarding "Trading Fees".
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 244. (Read 723903 times)
February 19, 2014, 05:55:56 PM
February 19, 2014, 03:24:04 PM
I was probably wrong on the "flash rate offers not being taken automatically" part. I'm still right when I say putting offers at variable rate when it ends up being 1/4 or less of the lowest offer avaiable is blatantly stupid.
some people probably don't want to log in all the time and just autolend at flash rate
HOWEVER, what some idiots (pardon me, I just can't hold it) must conclude from this, is that FRR swaps are going out very "easily". Why can't some of you people spend an hour or two observing the dynamics of how swaps are taken over time. If you do this, you WILL see that FRR swaps are taken entirely several times a day. Even if they are not taken in full, you will notice that the existing offers "inside" the FRR pool, are constantly changing (simply note the amount and the number of offers changes). This means that if you want to give out the swap as soon as possible, offer your swaps at FRR, not less than that, ok? Just try it once and you will see that your FRR offer will be taken in under 2 hours or so.
The reason for placing bids beyond FRR is absolutely beyond my comprehension. By doing this, some lenders are shooting themselves in the foot. Obviously what those doing it don't know, is that trader can cancel any taken swap, at any time without closing the trading position and take another swap with lower rate. So, for as long as YOU keep placing low rate swaps, trader WILL keep "replacing" his/her swaps with lower rate ones.
February 19, 2014, 04:34:31 AM
i have margin orders cancelled all the time, there seems to be some function in the background that has unpredictable impacts. i had a sell order and a buy order, the buy order was executed and that made the sell order cancel..
February 19, 2014, 02:54:27 AM
got 11 confirms on a deposit not showing up yet, not had this delay before hmm
just woke up & my coins arrived
, i dont know if support did that but if so thanks.i've just sent some more & if no problems im moving over from BTC-e to bitfinex for a while. The support @ BTC-e is just been taking too long recently
February 18, 2014, 09:08:14 PM
I was verified on the Bitfinex exchange in about 3 business days this past week. Thanks for not making this impossible like some other exchanges.
Peace.
Peace.
February 18, 2014, 08:36:37 PM
There are two issues lately:
1. Since the end of last week, I got a lot of red "Invalid request" banner after placing a swap offer. Usually it'll work just fine if I just place the exact offer again. So the offer is valid in fact.
2. The new auto-reload feature after placing a liquidity offer is somehow annoying. Especially when you're on BTC swap page, it brings you back to the USD page. It should refresh just the order book and account balances, not the whole page, and a manual refresh button is preferred.
1) I usually get if I cancel an offer but the page didn't update the "Swappable balance" yet - workaround is for me to cancel an offer, then hit F5.1. Since the end of last week, I got a lot of red "Invalid request" banner after placing a swap offer. Usually it'll work just fine if I just place the exact offer again. So the offer is valid in fact.
2. The new auto-reload feature after placing a liquidity offer is somehow annoying. Especially when you're on BTC swap page, it brings you back to the USD page. It should refresh just the order book and account balances, not the whole page, and a manual refresh button is preferred.
2) Might be a workaround by Bitfinex for exactly this?
What's more annoying for me is that now "manage wallets" seems to do weird stuff when you try to select balances there to send exact amounts between wallets. If I could choose btw. to which wallets my affiliation payments are directed, that would be unnecessary and save you 2-3 database entries a day from me when I have to move funds from the (useless) trading to the (useful) deposit wallet.
February 18, 2014, 08:25:40 PM
There are two issues lately:
1. Since the end of last week, I got a lot of red "Invalid request" banner after placing a swap offer. Usually it'll work just fine if I just place the exact offer again. So the offer is valid in fact.
2. The new auto-reload feature after placing a liquidity offer is somehow annoying. Especially when you're on BTC swap page, it brings you back to the USD page. It should refresh just the order book and account balances, not the whole page, and a manual refresh button is preferred.
1. Since the end of last week, I got a lot of red "Invalid request" banner after placing a swap offer. Usually it'll work just fine if I just place the exact offer again. So the offer is valid in fact.
2. The new auto-reload feature after placing a liquidity offer is somehow annoying. Especially when you're on BTC swap page, it brings you back to the USD page. It should refresh just the order book and account balances, not the whole page, and a manual refresh button is preferred.
February 18, 2014, 01:58:37 PM
out of interest what would be the average time for a support answer?
February 18, 2014, 01:06:42 PM
got 11 confirms on a deposit not showing up yet, not had this delay before hmm
February 18, 2014, 09:58:49 AM
Glad to see the improvement on the manage wallet.
I can now drag and drop the amount instead of copy and paste the amount between different wallets. And the price ticker on the web page title is definitely a good stuff too.
By the way, I have some feature request. Is it possible to have an API to transfer amount between different wallets?
Also it would also be nice to do the bitcoin withdrawal using API. (Of course, this may raise some security concern since anyone who steal the API key and secret can withdraw the bitcoin to their own address. Maybe multiple API key and secret can be generated, and we can manage the privilege such as READ ONLY, TRADING, WITHDRAW on each API key)
I can now drag and drop the amount instead of copy and paste the amount between different wallets. And the price ticker on the web page title is definitely a good stuff too.
By the way, I have some feature request. Is it possible to have an API to transfer amount between different wallets?
Also it would also be nice to do the bitcoin withdrawal using API. (Of course, this may raise some security concern since anyone who steal the API key and secret can withdraw the bitcoin to their own address. Maybe multiple API key and secret can be generated, and we can manage the privilege such as READ ONLY, TRADING, WITHDRAW on each API key)
February 17, 2014, 04:45:20 PM
It's basic economics guys, the rate is dictated by the market. It will always find it's level where it is both low enough for traders and high enough for lenders. That level will constantly be shifting.
Maybe you're right, but maybe not. I half suspect that one or more traders put up swap offers at very low rates and then take their own offers. That rate is then used in the calculation of the FRR, causing it to go down. The FRR is then undercut by other lenders, which lowers it even more.I don't understand why traders are whining so much about the rates. Last month it was around 0.3% and even that is ridiculously low compared to what some traders are raking in. 30% per year is really low when there's a risk that Bitfinex unexpectedly goes under or runs off with everything.
Also, because there are so many lenders using the FRR, it acts as a gigantic wall in the lending orderbook. Everything below the wall will be taken, everything above it won't (at least when there's close to a million $ in the FRR as happens a lot lately). This, once again, lowers the FRR continuously. The more people use it, the worse it gets. And the number of people using it is getting out of hand. I understand that traders love this situation but if you look at it from a neutral standpoint it's a really weird, abnormal situation.
February 17, 2014, 04:24:38 PM
I mean, what's even the point of having an expiry on a variable rate loan anyway?
Think about it from the lender's perspective, maybe he wants to use his money in a week (instead of having it stuck in limbo for 20 years). February 17, 2014, 04:05:34 PM
Wow how long are transfers taking nowadays? Been 1.5 hours not 1 confirmation. This is just bad.
depends on the size of your withdrawal... small transfers are basically instant
February 17, 2014, 02:16:31 PM
Wow how long are transfers taking nowadays? Been 1.5 hours not 1 confirmation. This is just bad.
February 17, 2014, 12:50:03 PM
I was probably wrong on the "flash rate offers not being taken automatically" part. I'm still right when I say putting offers at variable rate when it ends up being 1/4 or less of the lowest offer avaiable is blatantly stupid.
some people probably don't want to log in all the time and just autolend at flash rate
Most likely. And counterproductive for all.
You literally have no idea what you're talking about...
February 17, 2014, 10:53:23 AM
Do i have to send documents first before I could trade, deposit, withdraw bitcoins in bitfinex??
No.
February 17, 2014, 10:47:05 AM
Do i have to send documents first before I could trade, deposit, withdraw bitcoins in bitfinex??
February 17, 2014, 09:09:00 AM
Does anyone know what the "partially filled at x%" means? No idea what the "x%" refers to.
"x%" means the theoretical annual rate. Just another (old) version for the regular "y%" daily rate.
Ente
Thanks, now it makes sense
February 17, 2014, 08:56:23 AM
Does anyone know what the "partially filled at x%" means? No idea what the "x%" refers to.
"x%" means the theoretical annual rate. Just another (old) version for the regular "y%" daily rate.
Ente
February 17, 2014, 07:25:24 AM
so, i guess with the new Mt. Gox announcement we won't see a run on BTC right?
is everyone getting bullish again?
is everyone getting bullish again?
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