[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 343.

superbit

hero member

Activity: 763

Merit: 500

Quote from: vokain on November 03, 2013, 03:26:46 PM

Quote from: 8fold on November 03, 2013, 02:48:05 PM

Quote from: nrd525 on November 03, 2013, 02:35:12 PM

USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.

?

people finally finding you can take out a bank loan and deposit cash into bfx?

I'm not so sure of that, rates are already back up and as more people put in USD to lend more people learn about the site that like to borrow. And the borrowers that make money will have even more leverage to borrow the next time there is an uptick in bitcoin.

Sukrim

legendary

Activity: 2618

Merit: 1007

You could try via Ripple, though I fear the liquidity there is also not really sufficient...

urwhatuknow

sr. member

Activity: 446

Merit: 250

CAT.EX Exchange

Quote from: Faraday on November 03, 2013, 01:43:28 PM

Why is there not currently enough reserve on bitstamp to place buy orders? Is this going to become a regular occurrence? There hasn't even been a lot of buying recently...

edit: I see you posted you had more funds on the way on the 24th of October.. Has it still not arrived at bitstamp?

money arrived, went into bitcoins
arrived again, went again into bitcoins
and then again
and again

on friday we sent more money, which will probably arrive tomorrow or tuesday at the latest
how much will they last? probably a few hours, and then we will send some more

it's not us, it's the banking wire system that is slow ( takes at least a day or two, definitely can't be made in a matter of minutes)
not much we can do about it, at least for the moment
as a matter of fact we are working on an idea, but this might take a while

thank you for your patience and understanding

Giancarlo
Bitfinex Team

P.S.) For more details please read my previous explanation here: https://bitcointalksearch.org/topic/m.3384994

8fold

sr. member

Activity: 391

Merit: 250

Quote from: vokain on November 03, 2013, 03:26:46 PM

Quote from: 8fold on November 03, 2013, 02:48:05 PM

Quote from: nrd525 on November 03, 2013, 02:35:12 PM

USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.

?

people finally finding you can take out a bank loan and deposit cash into bfx?

Yes! So you can then use than money to borrow even more at BFX!

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: 8fold on November 03, 2013, 02:48:05 PM

Quote from: nrd525 on November 03, 2013, 02:35:12 PM

USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.

?

people finally finding you can take out a bank loan and deposit cash into bfx?

8fold

sr. member

Activity: 391

Merit: 250

Quote from: nrd525 on November 03, 2013, 02:35:12 PM

USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.

?

nrd525

legendary

Activity: 1870

Merit: 1023

USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Where did the auto-renew option go?

Faraday

sr. member

Activity: 240

Merit: 250

Why is there not currently enough reserve on bitstamp to place buy orders? Is this going to become a regular occurrence? There hasn't even been a lot of buying recently...

edit: I see you posted you had more funds on the way on the 24th of October.. Has it still not arrived at bitstamp?

nrd525

legendary

Activity: 1870

Merit: 1023

>>how does margin trading work on this site?
You can borrow USD, BTC, or LTC (from other users) to trade on the margin. Interest rates are variable and reflect demand. Typically the USD rate is around 50% (but may go higher in a bull market), whereas BTC/LTC rates are around 2%.

>>i deposited 1.5 btc's.... how do i get this leveraged and then try to profit from bitcoins going up?
Borrow USD to buy BTC on the margin. You can set your leverage ratio in your account options.

You can borrow USD either directly in the lending tab (this is a good idea if you want to lock in a longterm fixed rate), or if you buy BTC in the margin trading tab - it will borrow USD at the lowest rates (which may be the variable rate).

>>I don't get how u buy bitcoins with bitcoins in the margin trade tab.
You use your bitcoin balance to cover the margin. It's a security. If you are long and bitcoins fall in value, your position may be liquidated and your bitcoin balance will be used to pay off your loss so that the website doesn't lose money.

If you are new to options trading, I'd recommend starting own with small amounts - like 0.1 BTC (or whatever the minimum is).

accord01

full member

Activity: 238

Merit: 100

how does margin trading work on this site?

i deposited 1.5 btc's.... how do i get this leveraged and then try to profit from bitcoins going up?

I don't get how u buy bitcoins with bitcoins in the margin trade tab.

could someone tell me what is going on here?

Pair     Amount    Base price    Liquidation Price (**)    Total loans of positions     P/L (*) ($)    P/L (*) (%)    Swap rate (per day)
BTCUSD    3.6    $203.5408    $158.6548     732.75 USD     -$4.50 -0.615%     0.14%

Swap    Actions
-$0.04     Close

thanks a lot!

edit- for the routing i chose bitfinex. Where is the bitfinex chart and current price located?

also, how is my balance only 1.0xxx btcs? i am only down 4.5 $.

Progressive

full member

Activity: 181

Merit: 100

1) This is missing from the new interface:

Code:

Funds currently lent ( Average rate per 365 days: USD : xx% / BTC : 0.0% / LTC : 0.0% )

2) Why was the minimum for lending USD raised to $100?

3) I'm still not able to click-collapse the "My active orders" and "Funds currently lend" lists.

(I really like your service & your sincere communication here, that's why I'm bothering you with these details Wink

They're not crucial, so take your time with them )

vokain

legendary

Activity: 1834

Merit: 1019

Thank you Giancarlo and everyone with BFX!

urwhatuknow

sr. member

Activity: 446

Merit: 250

CAT.EX Exchange

Quote from: oda.krell on October 28, 2013, 02:09:56 PM

Maybe I'm missing something, but now that there are two interest rate averages (FRR, AVIR), shouldn't we be able to get options for both of them in the 'lend' and 'autolend' windows?

Those are just indicators, one is more long term (AVIR) the other is short term (FRR).
Therefore there is no option to choose from.

I hope that helps

Giancarlo
Bitfinex Team

oda.krell

legendary

Activity: 1470

Merit: 1007

Maybe I'm missing something, but now that there are two interest rate averages (FRR, AVIR), shouldn't we be able to get options for both of them in the 'lend' and 'autolend' windows?

nrd525

legendary

Activity: 1870

Merit: 1023

The user interface should say what the current Flash Return Rate is in a prominent spot for the Lending pages.

Currently for US dollars you have to page down four screens to get it because it is buried under lending requests, and there aren't any lending offers at that rate.

urwhatuknow

sr. member

Activity: 446

Merit: 250

CAT.EX Exchange

Quote from: Sukrim on October 27, 2013, 03:49:39 PM

How exactly are these numbers calculated?

FRR is the weighted average of all the fixed rate loans currently active, very much the same as VIR used to be.
However to call this an annualized interest rate was not correct from an accounting point of view as it fluctuates wildly from time to time and that's why the word flash was introduced

AVIR is the average of the FRR taken at a certain time of the day (always at the same time every day) in the last 90 days.
This index comes closer to a reasonable extrapolation of a yearly interest and it will be much less volatile.

I hope that helps

Giancarlo
Bitfinex Team

Sukrim

legendary

Activity: 2618

Merit: 1007

How exactly are these numbers calculated?

urwhatuknow

sr. member

Activity: 446

Merit: 250

CAT.EX Exchange

Dear Customers

as somebody might have already noticed we recently corrected the terminology of our trading site by replacing the Variable Interest Rate ( VIR ) with a more appropriate Flash Interest Rate ( FRR ) and by introducing a new Average Variable Interest Rate (AVIR)

This is due mainly for 2 reasons:

1) The FRR, formerly known as VIR, must be seen as an indicator of current rates but cannot be considered in any case a yearly indicator of return.
As a matter of fact it fluctuates on an hourly basis and to extrapolate such an indicator on a yearly basis it is "de facto" a misleading concept.

2) The Average Variable Interest Rate takes into consideration a much longer time frame, such as 90 days and even though it cannot be considered as a reliable indicator of yearly results it is getting much closer to it.

This was made for the sake of precision.
We at Bitfinex care a lot about the correctness of the informations given to our customers and we felt this has to be made.

I wish you all a good trading day

Giancarlo
Bitfinex Team

nrd525

legendary

Activity: 1870

Merit: 1023

An interesting statistic would be the percent of money from lenders that was lent out. You could multiply this by the average variable interest rate to get a good estimate of the expected rate of return.

This number would be biased up, due to the crazy interest rates during the bubble/surge. But it would also be biased down due to people not loaning out their money and holding out for higher interest rates.

Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 343. (Read 723990 times)