But don't worry, Mr. Giancarlo will tell you soon that they still are very professional and no cent has been lost, ever!
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 287. (Read 723903 times)
January 18, 2014, 07:29:54 PM
Same thing again... and no info whatsoever anywhere.
But don't worry, Mr. Giancarlo will tell you soon that they still are very professional and no cent has been lost, ever!
But don't worry, Mr. Giancarlo will tell you soon that they still are very professional and no cent has been lost, ever!
January 18, 2014, 06:43:19 AM
Well it's more than 0 I guess? And yes, going short is dead cheap from a borrower's perspective.
IMHO it's less then 0, because the risk greatly outweighs the reward 
Rate is less than 2% per year (accumulated).
That is your personal assessment though and you're free to charge more as interest then. Apparently for people holding in total ~3.2k BTC it is already enough.
Since interest gets paid out daily, with reinvesting you'd get 2.02...% per year from 0.0055% per day. In practive that's a bit hard, since even at FRR you're not likely to lend out coins and even if you do, you typically loose a bit for the hours you have to wait until your offer gets re-posted, waits for a borrower etc. - also there are fees.
The "real" rate for me also is different (not 2%), this has to do a lot with lending out BTC if the price goes down quickly which builds demand but increases risk.
January 18, 2014, 06:11:32 AM
Is it possible to use "USD Swap total" (USD already lent) as collateral for borrowing BTC?
I'm 90% sure this doesn't work. I think I tried once, some time ago.
Ente
Good to know, that makes Bitfinex less fragile.
January 18, 2014, 05:28:03 AM
Is it possible to use "USD Swap total" (USD already lent) as collateral for borrowing BTC?
I'm 90% sure this doesn't work. I think I tried once, some time ago.
Ente
January 18, 2014, 04:27:54 AM
Is it possible to use "USD Swap total" (USD already lent) as collateral for borrowing BTC?
January 17, 2014, 08:48:33 PM
Just read the page... Flash rate is what everyone gets right now on average, the other number is a more long-term measurement.
You would pay 10 % fees and you would be very lucky to even lend out a fraction of 100 btc at the moment - but in theory yes, you can earn a modest interest on bitcoin deposits.
You would pay 10 % fees and you would be very lucky to even lend out a fraction of 100 btc at the moment - but in theory yes, you can earn a modest interest on bitcoin deposits.
January 17, 2014, 08:08:19 PM
Thanks for the link.
Is the Flash rate, when somebody signs up and then cancels it right away?
The variable CFD rate of .0302%. That would be .000302 a day?
Does that mean that if you have 100 BTC that you loan out at .0302%, you'll be making: .0302 BTC a day or .906 BTC a month?
Thanks,
Is the Flash rate, when somebody signs up and then cancels it right away?
The variable CFD rate of .0302%. That would be .000302 a day?
Does that mean that if you have 100 BTC that you loan out at .0302%, you'll be making: .0302 BTC a day or .906 BTC a month?
Thanks,
https://www.bitfinex.com/pages/stats
Currency Flash Return Rate Average Variable Rate on CFD Total sum of active swaps
BTC 0.0055% 0.0302% 3,380.38 BTC
LTC 0.0055% 0.0108% 14,399.06 LTC
Currency Flash Return Rate Average Variable Rate on CFD Total sum of active swaps
BTC 0.0055% 0.0302% 3,380.38 BTC
LTC 0.0055% 0.0108% 14,399.06 LTC
January 17, 2014, 08:04:10 PM
Well it's more than 0 I guess? And yes, going short is dead cheap from a borrower's perspective.
January 17, 2014, 07:04:51 PM
https://www.bitfinex.com/pages/stats
Currency Flash Return Rate Average Variable Rate on CFD Total sum of active swaps
BTC 0.0055% 0.0302% 3,380.38 BTC
LTC 0.0055% 0.0108% 14,399.06 LTC
Currency Flash Return Rate Average Variable Rate on CFD Total sum of active swaps
BTC 0.0055% 0.0302% 3,380.38 BTC
LTC 0.0055% 0.0108% 14,399.06 LTC
January 17, 2014, 06:55:32 PM
For lending the coins, what kind of interests are typical on the site? Are a lot of people using these features?
January 17, 2014, 12:55:49 PM
Can't connect right now. Getting to an Encapsula page (some kind of web cache service)
*edit: now working. Nothing to see here
*edit: now working. Nothing to see here
Webserver has been truly awful, basically unusable, for about half an hour (or at least it seems that long).
EDIT: And *pong* it's up and dandy now.
January 17, 2014, 12:46:11 PM
Can't connect right now. Getting to an Encapsula page (some kind of web cache service)
*edit: now working. Nothing to see here
*edit: now working. Nothing to see here
January 17, 2014, 05:11:48 AM
I don't see bitstamp orders listed on level 2 order book, problems?
seems fine here
January 16, 2014, 11:24:34 PM
I don't see bitstamp orders listed on level 2 order book, problems?
January 16, 2014, 02:21:08 AM
Anyone knows how to get the current amount of borrow/lend at FRR through the API? It doesn't appear in the calls to lendbook/.
Don't think that's possible. As far as I have figured out you can only get the total amount of open loans + the average rate of total loans opened at fixed rates. I don't think (correct me if i'm wrong) there is any option to get the total amount of borrow/lend at FRR.
January 15, 2014, 05:08:46 PM
Anyone knows how to get the current amount of borrow/lend at FRR through the API? It doesn't appear in the calls to lendbook/.
January 15, 2014, 05:18:42 AM
Hi all
I am new on the Bitfinex trading platform. I have been having problems logging in since I wired USD into the account and received notification of USD in it (since the day before).
I sent an email to support yesterday, but haven't received any replies yet.
Funny thing is, I could log on yesterday evening after 3 h of trying, but then am having the same issues today. Reseting the password does not help (and I think I found a bug here), an email gets sent to my account, but if you click on the reset link in the email it takes you to a page that again prompts you to reset your password. That then again sends an email to your inbox to again click on the link to reset password so you get stuck in a loop.
I hope it's not something I'm doing wrong, but as I have just transferred money in, I'm worried about not being able to access anything.
Has this happened to any of you?
Thanks in advance.
**update - I have since received an email with a new password, enabling me to log in. I think the password reset bug above may still need to be fixed, though. Otherwise, I'm a happy camper!**
I am new on the Bitfinex trading platform. I have been having problems logging in since I wired USD into the account and received notification of USD in it (since the day before).
I sent an email to support yesterday, but haven't received any replies yet.
Funny thing is, I could log on yesterday evening after 3 h of trying, but then am having the same issues today. Reseting the password does not help (and I think I found a bug here), an email gets sent to my account, but if you click on the reset link in the email it takes you to a page that again prompts you to reset your password. That then again sends an email to your inbox to again click on the link to reset password so you get stuck in a loop.
I hope it's not something I'm doing wrong, but as I have just transferred money in, I'm worried about not being able to access anything.
Has this happened to any of you?
Thanks in advance.
**update - I have since received an email with a new password, enabling me to log in. I think the password reset bug above may still need to be fixed, though. Otherwise, I'm a happy camper!**
January 15, 2014, 04:35:17 AM
question about autolending @ flash return rate:
are there any fees for using the autolend feature?
are there any fees for using 'flash return rate'?
also, how often is interest on these loans credited to my balance? if, for example, I lent money for 2 days but the borrower only uses these funds for 1 hour and then closes his position, do I get a full-day's interest (is the full-day's interest incorporated into the first position the borrower opens)?
if I lend my money for 30 days, will the interest be automatically lent out even before that 30 day period is over?
also I've noticed that sometimes I can borrow funds for a 30 day period, open and close a position within an hour, and on the liquidity swaps page it says I'm currently not borrowing anything, but I am still able to open another position seemingly with the same funds. does this mean that I have these funds available for the entire 30 day period and am paying interest, or are the funds re-loaned out in the market whenever I close my position?
any answers to any questions are much appreciated! thanks!
are there any fees for using the autolend feature?
are there any fees for using 'flash return rate'?
also, how often is interest on these loans credited to my balance? if, for example, I lent money for 2 days but the borrower only uses these funds for 1 hour and then closes his position, do I get a full-day's interest (is the full-day's interest incorporated into the first position the borrower opens)?
if I lend my money for 30 days, will the interest be automatically lent out even before that 30 day period is over?
also I've noticed that sometimes I can borrow funds for a 30 day period, open and close a position within an hour, and on the liquidity swaps page it says I'm currently not borrowing anything, but I am still able to open another position seemingly with the same funds. does this mean that I have these funds available for the entire 30 day period and am paying interest, or are the funds re-loaned out in the market whenever I close my position?
any answers to any questions are much appreciated! thanks!
No additional fees for autolend/flash.
You only pay fees for the time the funds are actually lent. As soon as it's closed/returned, no more fees are paid. A few days ago this was adjusted so that the first hour is always paid, even when the funds are returned after a minute.
Fees are paid out at midnight.
Ente
January 15, 2014, 02:46:23 AM
I have developed a PHP class for accessing Bitfinex lending API.
Note that not all type of requests (from https://www.bitfinex.com/pages/api) are implemented,
But it should be intuitive and easy enough to add new methods if you know how to program in PHP.
http://pastebin.com/VXMsBwXU
Note that not all type of requests (from https://www.bitfinex.com/pages/api) are implemented,
But it should be intuitive and easy enough to add new methods if you know how to program in PHP.
http://pastebin.com/VXMsBwXU
Nice, was on my todo list
Thanks! January 14, 2014, 11:10:54 PM
I have developed a PHP class for accessing Bitfinex lending API.
Note that not all type of requests (from https://www.bitfinex.com/pages/api) are implemented,
But it should be intuitive and easy enough to add new methods if you know how to program in PHP.
http://pastebin.com/VXMsBwXU
Note that not all type of requests (from https://www.bitfinex.com/pages/api) are implemented,
But it should be intuitive and easy enough to add new methods if you know how to program in PHP.
http://pastebin.com/VXMsBwXU
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