[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 247.

traderman

legendary

Activity: 1260

Merit: 1001

What amount is considered "large" for a withdrawal?

Quote from: trilogy456 on February 13, 2014, 09:45:33 PM

Quote from: aqrulesms on February 13, 2014, 09:16:12 PM

Are BTC withdrawals not being processed right now? My withdrawal request has been pending for over 2 hours.

Do you have 2 factor authentication enabled? If not (you should), did you click the link in their email confirmation? I think they may have changed their BTC withdraw policy within the last two weeks:

"For security reasons, withdrawals will be automatically processed only if you have enabled OTP authentication (Account Security menu). Otherwise, you will receive an email with a confirmation link to approve the withdrawal. Large withdrawals will be processed manually."

arbitrage001

legendary

Activity: 1067

Merit: 1000

Quote from: nick32768 on February 14, 2014, 12:01:11 PM

The strangeness of lending rate.

In these days the volatility has rose wildly but the lending rates are tanking. Can anyone explain me why ?

Nick.

There seem to be a huge outflow of fund. If I have to guess, some whales are taking their money elsewhere.

BitApparel

member

Activity: 84

Merit: 10

Yep right on. You can see data but bitfinex is messing this up. They literally want to fail. They don't want new customers that i bring in. FIX the STATS!!!!

ghibly79

legendary

Activity: 1218

Merit: 1006

Crypto entrepreneur and consultant

Just don't lend for long periods. Your offers will be taken anyway and you can adjust rates better. Much better than scamflash rate Wink

Explanatory screenshots (currently lending in btc, but same situation with usd usually, personal experience):

wilfried

sr. member

Activity: 288

Merit: 250

ManualMiner

Quote from: ghibly79 on February 14, 2014, 01:06:16 PM

I'm constantly amazed at some lender's stupidity: liquidity being taken with high interests at some point (e.g. 0.5%) then someone come and offer a huge amount at flash return for like 0.15%, which is stupid already, and then some other idiot come and undercuts even that xD Flash return is not even taken automatically so you can offer higher and still be taken even if there is $ 1 mil offered at flash return.
Just saying.

interesting, but i dont ever see any demand at the rates you quote that 1) is not huge 2) has a very long timespan.
people like to lend 2-4 days not more. people who borrow for long times are people taking longtime short or long positions, thats high risk.

ghibly79

legendary

Activity: 1218

Merit: 1006

Crypto entrepreneur and consultant

I'm constantly amazed at some lender's stupidity: liquidity being taken with high interests at some point (e.g. 0.5%) then someone come and offer a huge amount at flash return for like 0.15%, which is stupid already, and then some other idiot come and undercuts even that xD Flash return is not even taken automatically so you can offer higher and still be taken even if there is $ 1 mil offered at flash return.
Just saying.

8fold

sr. member

Activity: 391

Merit: 250

Quote from: nick32768 on February 14, 2014, 12:01:11 PM

The strangeness of lending rate.

In these days the volatility has rose wildly but the lending rates are tanking. Can anyone explain me why ?

Nick.

Sure. It's because volatility in itself is not enough to expect high swap-rates.
If there is high volatility in the market, but no general trend (this is called a sideways trend) traders keep their position open for a little time - just enough for a swing. Then trade the other way. As soon as a liquidity provider notices his funds unused, he puts them again on the market, which leads to a high offering of swaps which in turn leads to low swap rates.

You'll see high swap-rates when there is a long term bullish trend in the market.

nick32768

newbie

Activity: 42

Merit: 0

The strangeness of lending rate.

In these days the volatility has rose wildly but the lending rates are tanking. Can anyone explain me why ?

Nick.

Sukrim

legendary

Activity: 2618

Merit: 1007

He believes he can look at his stats and then send half of the money to the ppl. he got it from.
It's easily possible to extract that data from the ledger by the way too...

Anyways, interesting that people even on Bitfinex are afraid to go long now - even though coins are cheap.

BitApparel

member

Activity: 84

Merit: 10

dont worry about, see for yourself!

BitApparel

member

Activity: 84

Merit: 10

BitApparel

member

Activity: 84

Merit: 10

Folks, Why aren't i able to see the people I have referred to bitfinex like before? Always takes me to an error page.

BitApparel

member

Activity: 84

Merit: 10

wow bitfinex @ 560 right now...

rioshoosh

newbie

Activity: 19

Merit: 0

Quote from: fonzie on February 13, 2014, 08:32:40 PM

Please Bitfinex, don´t fuck up my shorts tonight, thanks. Wink

+1

Indamuck

hero member

Activity: 1120

Merit: 554

Quote from: fonzie on February 13, 2014, 09:12:52 PM

Quote from: Indamuck on February 13, 2014, 09:11:03 PM

Bitfinex isn't the place to short guys, you've had fair warning. BTC spikes 100-200 pts down and they'll flip the kill switch. There are alternatives. I've liked BFX but oddly I've made all my profits on the short side on other exchanges. BS ...

Selling CFDs on 796 xChange in HK. Service has been stellar, but their English is sketchy. No issues at all during this last week. Raking it in. 10x leverage, no 'kill switch' like BFX. I was never able to cover my short Monday w/ BFX ... had to ride that position all week. BS.

aqrulesms

sr. member

Activity: 373

Merit: 250

Got it. Thanks for the heads up

trilogy456

member

Activity: 69

Merit: 10

ASICMINER shares: Havelockinvestments.com

Quote from: aqrulesms on February 13, 2014, 09:16:12 PM

Are BTC withdrawals not being processed right now? My withdrawal request has been pending for over 2 hours.

Do you have 2 factor authentication enabled? If not (you should), did you click the link in their email confirmation? I think they may have changed their BTC withdraw policy within the last two weeks:

"For security reasons, withdrawals will be automatically processed only if you have enabled OTP authentication (Account Security menu). Otherwise, you will receive an email with a confirmation link to approve the withdrawal. Large withdrawals will be processed manually."

aqrulesms

sr. member

Activity: 373

Merit: 250

Are BTC withdrawals not being processed right now? My withdrawal request has been pending for over 2 hours.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: Indamuck on February 13, 2014, 09:11:03 PM

Bitfinex isn't the place to short guys, you've had fair warning. BTC spikes 100-200 pts down and they'll flip the kill switch. There are alternatives. I've liked BFX but oddly I've made all my profits on the short side on other exchanges. BS ...

Indamuck

hero member

Activity: 1120

Merit: 554

Bitfinex isn't the place to short guys, you've had fair warning. BTC spikes 100-200 pts down and they'll flip the kill switch. There are alternatives. I've liked BFX but oddly I've made all my profits on the short side on other exchanges. BS ...

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