I have no margin position but not being able to buy on bitstamp had very bad consequences on my funds today !
I'm leaving bitfinex very soon... in a regulated market this type of problems would severly sanctionned !
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 328. (Read 723990 times)
November 20, 2013, 11:13:36 AM
November 20, 2013, 11:08:47 AM
You guys are totally nuts. How you dare to open margin position when 1) bitfinex is going to be down for maintenance and 2) there is a difference of 40+ with bitstamp price which can be closed at anytime 
?
Don't come later here to cry...
?Don't come later here to cry...
November 20, 2013, 11:06:43 AM
I think my position might have gotten auto liquidated before net value dropped below margin balance. This is such a horrible day for me. How could I be gone for 10 min and it auto liqudate me. How could bitstamp disappear and poof i'm almost finished.
I just lost 80% of my balance on bitfinex. Time for me to cry and get a job at McDonald's. My year is ruined.
I just lost 80% of my balance on bitfinex. Time for me to cry and get a job at McDonald's. My year is ruined.
This is a very serious problem indeed ! We all rely on bitstamp, trading should be frozen when bitstamp is taken out of the equation !
How do you expect us to take this kind of situation in our strategies ?
November 20, 2013, 10:59:40 AM
I think my position might have gotten auto liquidated before net value dropped below margin balance. This is such a horrible day for me. How could I be gone for 10 min and it auto liqudate me. How could bitstamp disappear and poof i'm almost finished.
I just lost 80% of my balance on bitfinex. Time for me to cry and get a job at McDonald's. My year is ruined.
I just lost 80% of my balance on bitfinex. Time for me to cry and get a job at McDonald's. My year is ruined.
November 20, 2013, 10:55:24 AM
Not being able to buy on bitstamp is going to cost me a fortune very soon !!
November 20, 2013, 10:51:32 AM
Dear Customers
due to multiple and prolonged outages on the Bitstamp trading market today, we are obliged to momentarily suspend trading on Bitstamp.
We will resume it as soon as their platform will become stable again.
They have assured to us they are working on a rapid solution of this problem.
Thanks a lot and have a good day
Giancarlo
Bitfinex Team
due to multiple and prolonged outages on the Bitstamp trading market today, we are obliged to momentarily suspend trading on Bitstamp.
We will resume it as soon as their platform will become stable again.
They have assured to us they are working on a rapid solution of this problem.
Thanks a lot and have a good day
Giancarlo
Bitfinex Team
November 20, 2013, 09:33:51 AM
Much more I would like the borrowing/lending function to work. It takes minutes, at least 15 mins for offers to be actually taken. It's a total mess, and for some of us as much as important as the trading itself.
Ente
Ente
November 20, 2013, 08:34:18 AM
Whats with the Bitstamp connection? Bitstamp itself seems ok. ETA on resolving?
November 20, 2013, 04:50:53 AM
feature request:
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
I would like this feature.
Although it would make even more sense with transferring a whole margin position! That would avoid slippage for both parties, and would reduce the amount of USD and BTC being transferred back and forth. Add a percent fees on that, and *all* sides are happy!
For me, this would make a *huge* difference, killerfeature indeed.
Ente
November 20, 2013, 03:56:49 AM
The BTC price on china exchange now worth more than 800 usd per coin.
As soon as some of them wake up, they will use up all the money on bitfinex and withdraw the coin to sell on china exchange.
Well, this arbitrage opportunity exists for quite some time now already... I also wonder why so few people seem to use it (or with so little money - well, there are few early adopters with lots of play money from bitcoin in China I guess) As soon as some of them wake up, they will use up all the money on bitfinex and withdraw the coin to sell on china exchange.
November 20, 2013, 02:38:21 AM
would you marry me?
Giancarlo
Bitfinex Team
Nope -- I prefer a bit less of drama
November 19, 2013, 09:52:00 PM
The BTC price on china exchange now worth more than 800 usd per coin.
As soon as some of them wake up, they will use up all the money on bitfinex and withdraw the coin to sell on china exchange.
If anyone have money on bitfinex now, a good strategy is to buy as much bitcoin as possible before the Chinese wake up.
As soon as some of them wake up, they will use up all the money on bitfinex and withdraw the coin to sell on china exchange.
If anyone have money on bitfinex now, a good strategy is to buy as much bitcoin as possible before the Chinese wake up.
November 19, 2013, 09:43:56 PM
Seem to have some bug on the lending.
I have lend more than what I have in my wallet. Is this leverage lending?
I have lend more than what I have in my wallet. Is this leverage lending?
They are aware of this bug. I have had it happen a few times, something to do with on database not updating quite as fast as the other, it will auto correct shortly.
November 19, 2013, 09:39:12 PM
Seem to have some bug on the lending.
I have lend more than what I have in my wallet. Is this leverage lending?
I have lend more than what I have in my wallet. Is this leverage lending?
November 19, 2013, 09:37:52 PM
feature request:
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
It'd lower the flash return rate. And complicate the interface.
I'm not saying it is a bad idea - but at least a low priority one.
November 19, 2013, 08:49:10 PM
Quote
Tip. Funds lent at rates above 365% are not used to fill orders for users who borrow automatically, through the Margin trading page. Offers of less than 365% are taken far more often.
Since when is this part of the page?! Another mechanism to screw lenders over!
November 19, 2013, 08:37:22 PM
feature request:
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
wow that would be a nice killer feature.
I agree, and I don't really see the downside to either side of the equation. The original lender would get their money back, the borrower would get auto-borrowed to a rate at the same term no higher then current rate (maybe even get a lower rate), and the new borrower would get an offer they have outstanding filled.
Great idea.
November 19, 2013, 08:32:05 PM
feature request:
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
wow that would be a nice killer feature.
November 19, 2013, 07:59:19 PM
Long time user here - thanks for the update Giancarlo. I hope the new migration would include a faster update time - related to the order book that appears below where you enter orders... (currently gives me available orders every 30 seconds). by the way; I use the exchange section only.
Just my 2 cents.
Just my 2 cents.
November 19, 2013, 07:46:44 PM
feature request:
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
allow a lender to cancel his loan IF another lender is willing to lend the same about for the same or better rate (better for the borrower)
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