I'm trying to replace some loans I took to go long on margin by better ones. How would I go about that?
I tried borrowing based on an existing loan offer from the book (by clicking an item in the lending offer table). This creates a "borrow limit" entry in the "unfilled credit demand/offer" section.
But it isn't being filled. Why not?
Another question: what happens if I close a "borrowed funds used in margin position" item? Does my position get affected (coins sold? (I'm long)) or is a new loan offer taken automatically?
thanks to anyone taking the time to explain this to me!
If you close loans that you judge not appropriate anymore, the system will automatically replace them with the best available option (cheapest offer available) until the outstanding amount gets completely filled.
It might take some seconds (sometimes even minutes) before the matching is done.
Just be patient, you are not being liquidated because of this.
For the same reason sometimes your offer picking doesn't seem to obtain any effect.
The refresh is done only once in a while not to overload the system ( our customer number grows very fast and we are constantly trying to keep the system at pace).
I hope that this helps
Giancarlo
Bitifinex Team
