[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 278.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: chsados on February 06, 2014, 02:09:15 AM

wtf is going on.

seems like all trading has halted now though https://www.bitfinex.com/pages/public_log

What did you expect?
Market has to be halted and balances updated.

Are Btc and LTC withdrawals automatic? Raphael should make withdrawing manual above a daily threshold for added security in case of glitch like that.

TalkingBit

newbie

Activity: 42

Merit: 0

Tried withdrawing few BTC but it didn't make it to the blockchain hopefully it's Rafael pushing the big red button, and can roll back this mess

Vermelho

newbie

Activity: 5

Merit: 0

This is awesome.

Lonechaos

newbie

Activity: 21

Merit: 0

Thank god it's frozen now. I dunno what Bitfinex team can do now as the damage has been done. If the withdraws were somewhat limited during this period then the situation shouldn't be too bad, otherwise...

Rollback would be the best option.

What they do next is what will define them in this market. Let's wait and see.

blueberry

member

Activity: 110

Merit: 10

Quote from: chsados on February 06, 2014, 02:09:15 AM

wtf is going on.

seems like all trading has halted now though https://www.bitfinex.com/pages/public_log

I guess Rafael woke up and froze trading. Something similar happened to Gox back in 2011 while Mark was asleep and btc dropped to $0.01. When Mark woke up trading was frozen and trades were rolled back to before the attack happened.

I guess we are going to get a rollback.

hyphymikey

hero member

Activity: 784

Merit: 1000

Expect news of someone "stealing" 150,000 LTC from Bitfinex soon.

mooncake

sr. member

Activity: 434

Merit: 250

I hope the system has not been messed up. If it is already, I hope the team has a contingency plan.

chezz

newbie

Activity: 6

Merit: 0

are the markets frozen?

chsados

hero member

Activity: 662

Merit: 545

wtf is going on.

seems like all trading has halted now though https://www.bitfinex.com/pages/public_log

hyphymikey

hero member

Activity: 784

Merit: 1000

I think someone is doing this on purpose.

With the sell price being $10,000 you can deposit 1 coin and your "balance" will show $10,000. Meaning you can now use $10,000 (1 bitcoin) as leverage and take a loan out for $25,000. Buy LTC on margin, and play the swings margin trading. Use the cash you just made trading to buy LTC and withdraw automatically to your wallet….. Profit.

Have you not noticed the LTC volume? 135,000LTC just now.

But do this with many coins of course!

aragalie

newbie

Activity: 22

Merit: 0

Quote from: ?? on ??

lol
http://imesk.net/upload/images/PUAM.png

any guesstimates on whether those 7k+ are coming from a margin-call on someone's account, or it's a platform error similar to the 10k BID order on BTC ?

i'm trying to buy them at 14, but the platform is not matching my order...

TalkingBit

newbie

Activity: 42

Merit: 0

Can't figure out if lending offers get pulled, or someone is eating everything in sight expecting finex to crash

Lonechaos

newbie

Activity: 21

Merit: 0

I would recommend people not lending money during this period until it's fixed otherwise you risk losing it all

TalkingBit

newbie

Activity: 42

Merit: 0

What happened to all of the lending offers? Huh

phreakk

sr. member

Activity: 307

Merit: 250

Quote from: russokai on February 05, 2014, 11:34:08 PM

Does anyone know why the max Leverage is now 2.5 : 1 ? I have had 4:1 for months but suddenly seems like it changed.

Heard this changed for everyone a few days ago.

Also, my P/L is up 1000% lol.

joele

legendary

Activity: 1022

Merit: 1000

Quote from: ?? on ??

Love to see bitcoin at 10k Grin

russokai

full member

Activity: 130

Merit: 100

Yes it says I am up $32,000 on a daytrade when it's really more like $300. And some of my trades earlier seemed like they were executing but then not updating my balance or active positions..weird.

Does anyone know why the max Leverage is now 2.5 : 1 ? I have had 4:1 for months but suddenly seems like it changed.

nrd525

legendary

Activity: 1868

Merit: 1023

I'm seeing buy $500, sell $10,000 (for exchange and margin trade).

On the other hand, it looks like trades are going through.

Lonechaos

newbie

Activity: 21

Merit: 0

Quote from: nmersulypnem on February 05, 2014, 10:08:05 PM

Quote from: ?? on ??

Please e-mail [email protected] regarding the "other things". I have mailed regarding the $10k 0.000000000000001 BTC bid that causes the P/L to be displayed incorrectly.

It may, sadly, take some hours before this is resolved: R is on France time. Nothing inherently wrong with being french, but it's four in the morning there.

The micro order is not the issue. The issue is that people's balances are wrong. Some report 10x unrealized swap, some report 2x-5x on their unrealized P/L, some report negative tradeable balances. Still others report that limit orders are matched but don't update their postions (but DO update their tradeable balance). PLUS margin ratios are fluctuating.

If people get margin called because of bogus data, it will be a disastrous nightmare trying to unwind all the transactions. ...and this is assuming Bitfinex hasn't been compromised and someone isn't doing all this on purpose.

WAKE UP RAFAEL!

Most of those problems are DUE to the micro order.

nmersulypnem

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

Please e-mail [email protected] regarding the "other things". I have mailed regarding the $10k 0.000000000000001 BTC bid that causes the P/L to be displayed incorrectly.

It may, sadly, take some hours before this is resolved: R is on France time. Nothing inherently wrong with being french, but it's four in the morning there.

The micro order is not the issue. The issue is that people's balances are wrong. Some report 10x unrealized swap, some report 2x-5x on their unrealized P/L, some report negative tradeable balances. Still others report that limit orders are matched but don't update their postions (but DO update their tradeable balance). PLUS margin ratios are fluctuating.

If people get margin called because of bogus data, it will be a disastrous nightmare trying to unwind all the transactions. ...and this is assuming Bitfinex hasn't been compromised and someone isn't doing all this on purpose.

WAKE UP RAFAEL!

Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 278. (Read 723903 times)