Author

Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 266. (Read 723903 times)

newbie
Activity: 12
Merit: 0
Don't open trading again if the API link to bitstamp is gone.
legendary
Activity: 2618
Merit: 1007
Hm, was the flash crash at Bitstamp caused by Bitfinex liquidations or is it a coincidence?
legendary
Activity: 1064
Merit: 1000
Please fix......

 Undecided

Guys, we are working on it.
Keep calm.
We will resume trading in 10 min time

Thanks

Giancarlo

Clearly you intentionally halted trading.
legendary
Activity: 2126
Merit: 1001
Flash crash on BFX to 100 plus trading halt.

..and this is why margin trading with leverage is a bad idea.
I try to have a 0.5:1 leverage, so my margin call is lower than the last ATH (266 for example). In these turbulent days my strategy didn't work out, I had to double down, but wasn't wiped out.

Ente
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
No roll back please I like my position  Cheesy

sr. member
Activity: 446
Merit: 250
CAT.EX Exchange
Please fix......

 Undecided

Guys, we are working on it.
Keep calm.
We will resume trading in 10 min time

Thanks

Giancarlo
legendary
Activity: 1064
Merit: 1000
Well looks like Bitfinex have screwed up again. They halted trading, this time they have no good excuse: all exchanges that support CFD dropped to 100 (BTCe, and Huobi also have lending).

This is embarassing that the most reliable exchange to date is actually BTCe, with all their shady anonymousness...
hero member
Activity: 784
Merit: 1000
Sorry guys... nobody is working right now. It won't happen again lol
jr. member
Activity: 54
Merit: 4
sr. member
Activity: 308
Merit: 250
Please fix......

 Undecided

+1, i'm shitting bricks as a lender here.
hero member
Activity: 826
Merit: 508
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Flash crash on BFX to 100 plus trading halt.
member
Activity: 106
Merit: 10
Is trading actually down right now....
It seems like it, no trade seen from the BFX API for 12 minutes,  Gox 2.0 feeling atm Sad

wild guess: someone dropped huge amount of BTC by a market sell order liquidations happened, and only excecuted only on BFX buy orders for some reason,  wiping the bfx orderbook. good luck reversing trades lol.

If lenders lose any money, bitfinex is responsible for this, as it shouldn't have happened, as liquidations didn't happen at bitstamp, which probably would be their fault.
legendary
Activity: 2126
Merit: 1001
Bitfinex has platformprobs:


This is BTC-USD, mind you..

Ente
newbie
Activity: 22
Merit: 0
....and the margin calls are just amplifying the move down...
legendary
Activity: 2126
Merit: 1001
Gox is dieing.
BTC withdrawal is halted indefinitely.
Gox tanks -> Stamp tanks
Cheap coins for us!

Ente
member
Activity: 66
Merit: 10
Is trading actually down right now....
member
Activity: 106
Merit: 10

dafuq?

also, someone took all btc on the leningbook, guess he's making big money now Smiley
sr. member
Activity: 446
Merit: 250
CAT.EX Exchange
I understand the logic behind the policy change to prevent fake walls coming from small balances, but I think it's a serious problem that traders are now unable to place orders to close out positions if the orders theoretically exceed the balance available.  To clarify, say I'm short 20 btc and my margin balance is low, I can no longer place a 20 btc buy order at a lower price due to the balance requirements; this makes no sense because the entire point of the order is the cover my short and replenish the balance.  It can't be that traders cannot preemptively place orders to close out their existing positions.  Thoughts? 

If we are short then we should at minimum be able to place buy orders for *2x* the amount we are short. Say I'm short 20 BTC: I would then like to be able to cover my short and turn long, i.e buy 40 BTC. This is specially useful in volatile times.

Now, being able to buy back what you're short and go long is obviously different from being able to place 100 x 20 BTC orders and put up a "fake" 2000 BTC buywall - which I believe is what the latest change is meant to prevent. Perhaps some minor adjustment is required.

Of course, we should keep in mind that the reason for this change was that some traders did abuse the freedom BFX previously gave us and that is why we are now more restricted. However.. there is a slight difference between shaving and cutting your head off.

Nice suggestion.
We will investigate the possibility of implementing it.

Thanks and have a good day

Giancarlo
Bitfinex Team
full member
Activity: 170
Merit: 104
Does Bitfinex have a streaming API for market data?

I often notice bots placing orders next to mine pretty much immediately after i place mine, do they poll at a multihertz rate or is there some streaming api we don't know about?

Bumping my question, anyone know about this or BFX request rate / throttling policy?

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