Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 285. (Read 723903 times)
January 23, 2014, 11:24:10 PM
The low 2.5:1 leverage is intended to protect lender's money. If the leverage changes to 8:1, lender will have to bear a much greater risk provided bitfinex's current liquidity level. I'll stop lending if it goes to anything close to 8:1.
January 23, 2014, 08:29:16 PM
No, I mean that 2.5:1 leverage is not that much more than no leverage at all if you consider that you have to pay swap too, so traders are probably more cautious. the smaller volatility of course also might be a factor.
I mean the hardware upgrades that are supposedly happening/being finished in January behind the scenes.
I mean the hardware upgrades that are supposedly happening/being finished in January behind the scenes.
January 23, 2014, 08:20:46 PM
I'm rather waiting until they finally re-enable 4:1 leverage (or higher... 5:1 or even 8:1 or 10:1 should be possible imho.) - this should increase demand for USD a lot, we're running in low burner mode already for some time now for no apparent (to me) reason other than the infrastructure changes.
Low burner mode - Do you mean the BTC market or the BFX USD swap market?
Infrastructure changes - Do you mean the recent system interface changes in BFX?
Anyway, I would think the swap rate is low now because the BTC market has been flat for like the past 3 weeks.
January 23, 2014, 06:17:43 PM
I'm rather waiting until they finally re-enable 4:1 leverage (or higher... 5:1 or even 8:1 or 10:1 should be possible imho.) - this should increase demand for USD a lot, we're running in low burner mode already for some time now for no apparent (to me) reason other than the infrastructure changes.
January 23, 2014, 01:01:25 PM
https://www.bitfinex.com/pages/fees
isnt ist a bit confusing to state "for the traded pair" - you probably mean that for both of the trades of the pair the fee is 0,15%, but one
could understand it as "fee is only due for a pair, not per trade"?
isnt ist a bit confusing to state "for the traded pair" - you probably mean that for both of the trades of the pair the fee is 0,15%, but one
could understand it as "fee is only due for a pair, not per trade"?
Code:
0 or more traded in the last 30 days (for the traded pair) 0.15%
it sounded pretty intuitive to us, but anyway feel free to come up with any suggestion that will make it "misunderstanding-proof" and we'll take it into consideration
thanks a lot and have a good day
Giancarlo
Bitfinex Team
hy, maybe
"per Trade"
or
"per Trade of a Currency Pair"
January 23, 2014, 11:49:42 AM
Currenty CFD swap interest rate at bitfinex is about 0.3% per day.
Well, it approaches a new low - on average(!) it is close to 0.2%/day. Seems like quite a few larger deposits were simply dumped by lending whales without thought or plan into open offers...Anyways, it is likely still much faster and (depending on where you are located and how your bank charges are) also cheaper to just buy BTC, transfer them off to a exchange close to you, sell them again there and withdraw your fiat money.
I think the borrower is a lot more sophisticated and exercised restrain now rather than a whale dump. The limit on lending period to 30 days doesn't help lenders either. Wait till this $17 million unwind and the rate will plummet
As per wire, mine shown up as process today, will wait a couple of days to see if it show up in the bank account.
What makes you think this 17 million lent out will unwind and not continue to grow as more users join the site and get into leveraged training. Historically (granted a small sample size) rates have stayed fairly steady and new funds have found their way into the site as new users join to borrow money.
There is a point where money comes out and it's simply not worth keeping fiat on the site for 20 - 30%
January 23, 2014, 11:05:35 AM
Currenty CFD swap interest rate at bitfinex is about 0.3% per day.
Well, it approaches a new low - on average(!) it is close to 0.2%/day. Seems like quite a few larger deposits were simply dumped by lending whales without thought or plan into open offers...Anyways, it is likely still much faster and (depending on where you are located and how your bank charges are) also cheaper to just buy BTC, transfer them off to a exchange close to you, sell them again there and withdraw your fiat money.
I think the borrower is a lot more sophisticated and exercised restrain now rather than a whale dump. The limit on lending period to 30 days doesn't help lenders either. Wait till this $17 million unwind and the rate will plummet
As per wire, mine shown up as process today, will wait a couple of days to see if it show up in the bank account.
January 23, 2014, 10:50:48 AM
Currenty CFD swap interest rate at bitfinex is about 0.3% per day.
Well, it approaches a new low - on average(!) it is close to 0.2%/day. Seems like quite a few larger deposits were simply dumped by lending whales without thought or plan into open offers...Anyways, it is likely still much faster and (depending on where you are located and how your bank charges are) also cheaper to just buy BTC, transfer them off to a exchange close to you, sell them again there and withdraw your fiat money.
January 23, 2014, 08:59:48 AM
I agree it is not a good practice if the delay of regular withdrawal is intentional.
Currenty CFD swap interest rate at bitfinex is about 0.3% per day.
If regular withdrawal is delayed more than 3 days, then you are in a dilemma: a) pay 1% express withdrawal fees; or b) wait and lose swap income >0.9%
Currenty CFD swap interest rate at bitfinex is about 0.3% per day.
If regular withdrawal is delayed more than 3 days, then you are in a dilemma: a) pay 1% express withdrawal fees; or b) wait and lose swap income >0.9%
January 23, 2014, 08:05:17 AM
Hello,
My withdrawals #56158 and #55780 have not yet been processed. Please ! I need it asap ! I withdrawed many times at bitfinex before. It used to be very fast. ( If I withdraw at Sunday night, It often processed at Monday afternoon) Details:
USD -x WIRE 19 Jan (Sunday) 23:32 Processing NOT YET PROCESSED
USD -x WIRE 20 Jan (Monday) 22:43 Processing NOT YET PROCESSED
Now, It's Wednesday, none of them have been processed yet !
PS: You said "Express wire withdrawals: Processed within 1 business days after approval". I want "Express wire withdrawals" but I don't know how to.
Best regards,
It's Thursday evening now and both of them still haven't been processed ! I'm very disappointed. I will consider if I use your service again. 1% fees for express withdrawals is too much. But regular withdrawals is too long ! On Bitstamp, if I withdraw at Sunday night, I will receive the money at Thursday afternoon. And the fees is cheaper. My withdrawals #56158 and #55780 have not yet been processed. Please ! I need it asap ! I withdrawed many times at bitfinex before. It used to be very fast. ( If I withdraw at Sunday night, It often processed at Monday afternoon) Details:
USD -x WIRE 19 Jan (Sunday) 23:32 Processing NOT YET PROCESSED
USD -x WIRE 20 Jan (Monday) 22:43 Processing NOT YET PROCESSED
Now, It's Wednesday, none of them have been processed yet !
PS: You said "Express wire withdrawals: Processed within 1 business days after approval". I want "Express wire withdrawals" but I don't know how to.
Best regards,
January 23, 2014, 07:29:10 AM
Hi Bitfinex Team,
Just wanted to know when the 4:1 leverage will be available, I had the option 1 month ago but now I can't see it.
Thanks
Just wanted to know when the 4:1 leverage will be available, I had the option 1 month ago but now I can't see it.
Thanks
January 23, 2014, 04:16:37 AM
is the bstp route got problem today? i think my order are not being filled there. anybody has this problem?
January 23, 2014, 03:54:33 AM
https://www.bitfinex.com/pages/fees
isnt ist a bit confusing to state "for the traded pair" - you probably mean that for both of the trades of the pair the fee is 0,15%, but one
could understand it as "fee is only due for a pair, not per trade"?
isnt ist a bit confusing to state "for the traded pair" - you probably mean that for both of the trades of the pair the fee is 0,15%, but one
could understand it as "fee is only due for a pair, not per trade"?
Code:
0 or more traded in the last 30 days (for the traded pair) 0.15%
it sounded pretty intuitive to us, but anyway feel free to come up with any suggestion that will make it "misunderstanding-proof" and we'll take it into consideration
thanks a lot and have a good day
Giancarlo
Bitfinex Team
January 23, 2014, 03:54:01 AM
https://www.bitfinex.com/pages/fees
isnt ist a bit confusing to state "for the traded pair" - you probably mean that for both of the trades of the pair the fee is 0,15%, but one
could understand it as "fee is only due for a pair, not per trade"?
isnt ist a bit confusing to state "for the traded pair" - you probably mean that for both of the trades of the pair the fee is 0,15%, but one
could understand it as "fee is only due for a pair, not per trade"?
Code:
0 or more traded in the last 30 days (for the traded pair) 0.15%
"Traded pair" is, for example, "USD with BTC" or "LTC against USD".
Ente
January 23, 2014, 02:39:55 AM
https://www.bitfinex.com/pages/fees
isnt ist a bit confusing to state "for the traded pair" - you probably mean that for both of the trades of the pair the fee is 0,15%, but one
could understand it as "fee is only due for a pair, not per trade"?
isnt ist a bit confusing to state "for the traded pair" - you probably mean that for both of the trades of the pair the fee is 0,15%, but one
could understand it as "fee is only due for a pair, not per trade"?
Code:
0 or more traded in the last 30 days (for the traded pair) 0.15%
January 22, 2014, 06:26:20 PM
Did I hear correctly that qt trader is going to incorporate bitfinex?
January 22, 2014, 11:09:44 AM
Oh my god! It's fast now! Blindingly fast! Liquidity swaps get matched instantly, I often don't even see them in the list, them being gone faster than I can refresh the page!
Awwww yeah! :-)
Ente
Awwww yeah! :-)
Ente
January 22, 2014, 02:06:33 AM
Hello,
My withdrawals #56158 and #55780 have not yet been processed. Please ! I need it asap ! I withdrawed many times at bitfinex before. It used to be very fast. ( If I withdraw at Sunday night, It often processed at Monday afternoon) Details:
USD -x WIRE 19 Jan (Sunday) 23:32 Processing NOT YET PROCESSED
USD -x WIRE 20 Jan (Monday) 22:43 Processing NOT YET PROCESSED
Now, It's Wednesday, none of them have been processed yet !
PS: You said "Express wire withdrawals: Processed within 1 business days after approval". I want "Express wire withdrawals" but I don't know how to.
Best regards,
My withdrawals #56158 and #55780 have not yet been processed. Please ! I need it asap ! I withdrawed many times at bitfinex before. It used to be very fast. ( If I withdraw at Sunday night, It often processed at Monday afternoon) Details:
USD -x WIRE 19 Jan (Sunday) 23:32 Processing NOT YET PROCESSED
USD -x WIRE 20 Jan (Monday) 22:43 Processing NOT YET PROCESSED
Now, It's Wednesday, none of them have been processed yet !
PS: You said "Express wire withdrawals: Processed within 1 business days after approval". I want "Express wire withdrawals" but I don't know how to.
Best regards,
I suspect they used to be fast on withdrawal but now delay for regular withdrawal after charging with "Express wire withdrawals".
January 22, 2014, 01:05:22 AM
Hello,
My withdrawals #56158 and #55780 have not yet been processed. Please ! I need it asap ! I withdrawed many times at bitfinex before. It used to be very fast. ( If I withdraw at Sunday night, It often processed at Monday afternoon) Details:
USD -x WIRE 19 Jan (Sunday) 23:32 Processing NOT YET PROCESSED
USD -x WIRE 20 Jan (Monday) 22:43 Processing NOT YET PROCESSED
Now, It's Wednesday, none of them have been processed yet !
PS: You said "Express wire withdrawals: Processed within 1 business days after approval". I want "Express wire withdrawals" but I don't know how to.
Best regards,
My withdrawals #56158 and #55780 have not yet been processed. Please ! I need it asap ! I withdrawed many times at bitfinex before. It used to be very fast. ( If I withdraw at Sunday night, It often processed at Monday afternoon) Details:
USD -x WIRE 19 Jan (Sunday) 23:32 Processing NOT YET PROCESSED
USD -x WIRE 20 Jan (Monday) 22:43 Processing NOT YET PROCESSED
Now, It's Wednesday, none of them have been processed yet !
PS: You said "Express wire withdrawals: Processed within 1 business days after approval". I want "Express wire withdrawals" but I don't know how to.
Best regards,
There is a little checkbox when you are in the withdraw page for the express withdraw.
January 22, 2014, 12:57:45 AM
I also request regular withdraw on Sunday and not yet processed - monitoring.
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