[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 308.

MegaKill

member

Activity: 93

Merit: 10

Quote from: ?? on ??

Quote from: MegaKill on December 14, 2013, 01:06:08 AM

the loan interest rates are so low now. seems like supply is way more than demand and nobody is borrowing. inflation? Tongue

You must be new here. Wink

Rates were 50-60% for months while we were consolidating "down there".

Rates go up when there is more demand for USD than there is supply.

Rates go down when there is more supply than demand.

Statistic snapshot from December 11, 2013 - 07:43:34 PM GMT: 7,969,354.39 USD was borrowed.

Right now: 6,297,576.59 USD is borrowed. That's.. almost 2 million USD bored to tears.. it's obviously going to try to find something fun to do and 100% or even 50% is better than 0%.

I too dislike that "the party has ended" (for now, anyway) - but it can't rain money all the time. Besides.. how fun would playing BFX be compared to other games like Battle Field 4 if we could just lend out and sit back and watch money tick in?

I see...yes i'm new here, i lent with 0.8%/day, i tasted it so i want more haha, but now...if i have 100k to lend i won't mind the 0.1%/day rate, coz its still $100/day woot!

hopefully we can start "partying" again soon Tongue

Sukrim

legendary

Activity: 2618

Merit: 1007

I'd rather have my money relax for 2-3 days than to enter a fixed rate loan at current rates... but that's up to the lending market of course, some people seriously seem to have an itch to use just whatever rate they can get as soon as they might be able to lend out something.

Once we jump on the roller coaster towards 1000 or 500 USD again, it might get more interesting. Also, a lot of kids probably get money on christmas, might be useful to have some positions in line for that?

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: urwhatuknow on December 13, 2013, 01:20:58 PM

Quote from: Spaceman_Spiff on December 12, 2013, 01:33:41 PM

Hey Bitfinex,

What percentage of the fiat funds are currently held at Bitstamp?

Thanks

we have some good reserve there at the moment.

Have a good day

Giancarlo
Bitfinex Team

Preserving this for the inevitable drama redux.

rioshoosh

newbie

Activity: 19

Merit: 0

Quote from: MegaKill on December 14, 2013, 01:06:08 AM

the loan interest rates are so low now. seems like supply is way more than demand and nobody is borrowing. inflation? Tongue

The slower the price of BTC moves, the less money traders can make, and the less interested they are in trading and borrowing.

Ente

legendary

Activity: 2126

Merit: 1001

Quote from: MegaKill on December 14, 2013, 01:06:08 AM

the loan interest rates are so low now. seems like supply is way more than demand and nobody is borrowing. inflation? Tongue

Na, only a little time ago, summer maybe, rates were around 30% p.a., les than 0.1% per day. This now is still quite high, flash rate at 0.4177%. Too high for my taste ;-)

Ente

MegaKill

member

Activity: 93

Merit: 10

the loan interest rates are so low now. seems like supply is way more than demand and nobody is borrowing. inflation? Tongue

nrd525

legendary

Activity: 1868

Merit: 1023

Please fix the 60 day loan bug.

Thanks.

joele

legendary

Activity: 1022

Merit: 1000

Quote from: TwinWinNerD on December 13, 2013, 12:59:17 PM

Quote from: joele on December 13, 2013, 10:37:21 AM

In the Loan column, I clicked the Lend button with min 60 lending days, an alert message "Invalid offer: maximum lending period is 30 days"

It got changed some days ago. Only 30 Day max loans now.

Yes, what I mean is the 60 days in the Loan column listing is probably an Autolend, it means you cannot manually select that lend if it is displaying 60 days.

urwhatuknow

sr. member

Activity: 446

Merit: 250

CAT.EX Exchange

Quote from: Spaceman_Spiff on December 12, 2013, 01:33:41 PM

Hey Bitfinex,

What percentage of the fiat funds are currently held at Bitstamp?

Thanks

we have some good reserve there at the moment.

Have a good day

Giancarlo
Bitfinex Team

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: joele on December 13, 2013, 10:37:21 AM

In the Loan column, I clicked the Lend button with min 60 lending days, an alert message "Invalid offer: maximum lending period is 30 days"

It got changed some days ago. Only 30 Day max loans now.

joele

legendary

Activity: 1022

Merit: 1000

In the Loan column, I clicked the Lend button with min 60 lending days, an alert message "Invalid offer: maximum lending period is 30 days"

MegaKill

member

Activity: 93

Merit: 10

Quote from: Ichthyo on December 12, 2013, 01:25:49 PM

Quote from: MegaKill on December 12, 2013, 04:02:33 AM

this few days, themarket liquidity here is kinda low, place an order for hours and never get filled.
also sometime the place order buttons are not working, have to keep clicking several times or refresh the web page. anybody feel that?

Quote from: fwed on December 12, 2013, 10:35:48 AM

Yep, I saw too some problems with the buttons. A refresh fixed it so far.

Happens regularly to me: always when the page was open for some hours without any interaction. The session is still open, the displayed rates got updated, but you simply can't post any action back to the server.

In this cases, I just load the page again (e.g. by clicking on "margin trading"). After the reload, everything works as expected

yeah, that's what exactly i my experience.

got 1 more question, if i activated auto-lend, how do i know/see if fund is lent out? will it appear in the "funds currently lent" field? or will not? because i received interest at almost the FRR today, but i did not see anything in "funds currently lent" field? thanks.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Hey Bitfinex,

What percentage of the fiat funds are currently held at Bitstamp?

Thanks

Ichthyo

hero member

Activity: 602

Merit: 500

Quote from: MegaKill on December 12, 2013, 04:02:33 AM

this few days, themarket liquidity here is kinda low, place an order for hours and never get filled.
also sometime the place order buttons are not working, have to keep clicking several times or refresh the web page. anybody feel that?

Quote from: fwed on December 12, 2013, 10:35:48 AM

Yep, I saw too some problems with the buttons. A refresh fixed it so far.

Happens regularly to me: always when the page was open for some hours without any interaction. The session is still open, the displayed rates got updated, but you simply can't post any action back to the server.

In this cases, I just load the page again (e.g. by clicking on "margin trading"). After the reload, everything works as expected

rioshoosh

newbie

Activity: 19

Merit: 0

Quote from: MegaKill on December 12, 2013, 04:02:33 AM

this few days, themarket liquidity here is kinda low, place an order for hours and never get filled.

If your orders don't get filled, it means that your ask is too high or your bid is too low.
My orders always get filled very quickly.

fwed

newbie

Activity: 4

Merit: 0

Quote from: Ente on December 12, 2013, 06:18:04 AM

Quote from: MegaKill on December 12, 2013, 04:02:33 AM

this few days, themarket liquidity here is kinda low, place an order for hours and never get filled.
also sometime the place order buttons are not working, have to keep clicking several times or refresh the web page. anybody feel that?

I didn't have any buttons not working for weeks on the new interface. However, I have to refresh after closing loans to see the "unused reserved funds" being updated. Besides that, everything is smooth.

Ente

Yep, I saw too some problems with the buttons. A refresh fixed it so far.

Indamuck

hero member

Activity: 1120

Merit: 554

Fees on interest?

Supposed to be 10% (uninsured) but I'm calculating I'm short about 13%. Is there some other fee/expense that I'm missing?

Indamuck loves Bitfinex!

Ente

legendary

Activity: 2126

Merit: 1001

Quote from: MegaKill on December 12, 2013, 04:02:33 AM

this few days, themarket liquidity here is kinda low, place an order for hours and never get filled.
also sometime the place order buttons are not working, have to keep clicking several times or refresh the web page. anybody feel that?

What do you mean? BitFinex is connected to Bitstamp, the exchange with the highest volume (in USD) of all of them existing. The whole Bitcoin market has only so much depth.. Especially after large movements, it takes a while for the offers to regrow in the cleared out priceband.

I didn't have any buttons not working for weeks on the new interface. However, I have to refresh after closing loans to see the "unused reserved funds" being updated. Besides that, everything is smooth.

Ente

LOADING.READY.RUN

full member

Activity: 133

Merit: 100

Quote from: LOADING.READY.RUN on December 07, 2013, 05:36:22 AM

Quote from: Pruden on December 06, 2013, 04:56:31 PM

If there is a way to keep borrowed funds after reducing a position, I would love to know.

Yes, I would also love to have this option. Is this possible or is this planned at some point? Or is this undesirable to avoid monopolizing cheap interest rates?

Something else: It's common practice to keep an open (e.g. long) position safe by setting a stop loss slightly below the entry point and a limit order at the trade target. In Bitfinex this isn't safe because with considerable market volatility _both_ can get filled and I end up with a short position of the same size. Any suggestions how to avoid this?

Giancarlo, could you please comment on this? I'd love to see the possibility to secure my position with both a limit order (if everything goes as planned) and a stop (if things don't go as planned) and be sure that only one of the two gets filled, not both as it can happen currently (given the market is sufficiently volatile for that).

MegaKill

member

Activity: 93

Merit: 10

this few days, themarket liquidity here is kinda low, place an order for hours and never get filled.
also sometime the place order buttons are not working, have to keep clicking several times or refresh the web page. anybody feel that?

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