I had loans coming into existence (and loaned out), so that the dollar amount of my existing lending offers no longer matched the dollar amount that available for lending (USD - USD credit total).
Happened again 
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 348. (Read 723990 times)
September 24, 2013, 04:58:37 AM
September 23, 2013, 11:06:50 PM
The lending engine is acting weird (I am still working on the old interface). Amongst other things, I had loans coming into existence (and loaned out), so that the dollar amount of my existing lending offers no longer matched the dollar amount that available for lending (USD - USD credit total).
By now, that is normal again, but some other strange stuff happened too: I saw money available for lending, put in a lending offer, but now both the available money and the lending offer are gone again, and it appears as if the funds never became available at all (back in an older outstanding loan i guess).
By now, that is normal again, but some other strange stuff happened too: I saw money available for lending, put in a lending offer, but now both the available money and the lending offer are gone again, and it appears as if the funds never became available at all (back in an older outstanding loan i guess).
September 22, 2013, 06:12:44 AM
The new interface is not very space efficient, I have to scroll all time. In the old one almost everything fits into single screen.
Also I miss the average interest in "Funds currently lent".
Also I miss the average interest in "Funds currently lent".
September 22, 2013, 05:52:26 AM
Hello 8fold,
Thanks for the suggestions, they will be implemented right away
Have a nice day
Raphael
Thanks for the suggestions, they will be implemented right away
Have a nice day
Raphael
September 20, 2013, 03:00:24 PM
I'm playing with the new interface. I like it, though I have some improvement suggestions from my point of view.
1. The old order book is easier to read / pass through visually because of the smaller gap between rows (in the old orderbook). So please, try to decrease the spacing between lines in the orderbook. You could also color-code the orders for clearer and faster visibility (for example: single digit orders (<10 BTC) - gray; double digit orders - blue; triple+ digit - red). There are a few tricks you can do for a clear and useful orderbook. The idea is that the orderbook should serve it's purpose as user friendly as possible.
2. In "My active orders" table, you don't have a column that shows whether that order is sell or buy type. As the small green/red color we have as a first element/cell from every line in the old table skin, that shows elegantly what order type it is.
1. The old order book is easier to read / pass through visually because of the smaller gap between rows (in the old orderbook). So please, try to decrease the spacing between lines in the orderbook. You could also color-code the orders for clearer and faster visibility (for example: single digit orders (<10 BTC) - gray; double digit orders - blue; triple+ digit - red). There are a few tricks you can do for a clear and useful orderbook. The idea is that the orderbook should serve it's purpose as user friendly as possible.
2. In "My active orders" table, you don't have a column that shows whether that order is sell or buy type. As the small green/red color we have as a first element/cell from every line in the old table skin, that shows elegantly what order type it is.
September 20, 2013, 01:36:30 PM
Hello everyone,
We are happy to show you the new front-end of Bitfinex. You can already use it on https://preview.bitfinex.com/
This is a fully functional and live interface.
The main site https://www.bitfinex.com will stay under the old front-end until we make sure we can safely switch to the new one.
We welcome all your feedbacks.
Have a nice day
Best regards
Raphael
Bitfinex team
We are happy to show you the new front-end of Bitfinex. You can already use it on https://preview.bitfinex.com/
This is a fully functional and live interface.
The main site https://www.bitfinex.com will stay under the old front-end until we make sure we can safely switch to the new one.
We welcome all your feedbacks.
Have a nice day
Best regards
Raphael
Bitfinex team
September 19, 2013, 03:58:47 AM
Hello guys,
Yes, yesterday evening the trading engine got stuck for 10 minutes before being restarted.
We have adjusted internal code to not allow it to happen again, as even 30 seconds is too much indeed.
Please accept our since apologies for that
On other news, we are few days away to give you a surprise that will surely make your trading experience better
Best regards
Raphael
Bitfinex team
Yes, yesterday evening the trading engine got stuck for 10 minutes before being restarted.
We have adjusted internal code to not allow it to happen again, as even 30 seconds is too much indeed.
Please accept our since apologies for that
On other news, we are few days away to give you a surprise that will surely make your trading experience better
Best regards
Raphael
Bitfinex team
September 18, 2013, 08:05:12 PM
This is unacceptable. 7 minutes!
wtf? not even half a minute would be acceptable
September 18, 2013, 01:57:50 PM
This is unacceptable. 7 minutes!
September 17, 2013, 06:11:48 AM
For example your daily interest will never be lent out, unless you do so manually.
Also I'm not 100% sure about how bitfinex handles partially taken lending offers with auto-renew.
Also I'm not 100% sure about how bitfinex handles partially taken lending offers with auto-renew.
September 17, 2013, 06:02:24 AM
Autolend automatically creates lending offers with any balance that is not yet lent out or in an offer. You can specify either VIR or a percentage rate.
Also it seems to cancel existing offers and recreates them at the autolend rate you set, I'm not sure if this has changed since I last checked. It won't lend out at market rates, it creates limit offers.
Also it seems to cancel existing offers and recreates them at the autolend rate you set, I'm not sure if this has changed since I last checked. It won't lend out at market rates, it creates limit offers.
Uhum.
Then what's the difference to "lend with auto-renew" then? Here, this creates exactly the same offer again when the lending ran out or was closed.
Ente
September 17, 2013, 05:01:37 AM
Autolend automatically creates lending offers with any balance that is not yet lent out or in an offer. You can specify either VIR or a percentage rate.
Also it seems to cancel existing offers and recreates them at the autolend rate you set, I'm not sure if this has changed since I last checked. It won't lend out at market rates, it creates limit offers.
Also it seems to cancel existing offers and recreates them at the autolend rate you set, I'm not sure if this has changed since I last checked. It won't lend out at market rates, it creates limit offers.
September 17, 2013, 04:49:45 AM
A few times I put up "borrow offers", where I meant to put up "lending offers". Did I accidently choose the wrong drop-down entry? May very well happen from time to time. Or did anyone experience similar things? Maybe three times now, in the last one, two weeks. Never happened before.
I observed that behavior a few more times since then.
I doublechecked that I am in "lend" mode, enter amount and time, hit the button and a "borrow" offer shows up.
Some times I even got a "not enough available funds to lend" message, changed the amount, and a "borrow" offer showed up instead.
What is "autolend", anyway? Automatically re-creating lend offers at "market"?
Ente
September 16, 2013, 10:05:13 PM
One-Cancels-the-Other orders would be a big plus
also "one-triggers-the-other" orders. for example: a stop loss order is only set after a stup but order is triggered
also "one-triggers-the-other" orders. for example: a stop loss order is only set after a stup but order is triggered
+1 on one cancels the other.
September 16, 2013, 06:21:46 AM
One-Cancels-the-Other orders would be a big plus
also "one-triggers-the-other" orders. for example: a stop loss order is only set after a stup but order is triggered
also "one-triggers-the-other" orders. for example: a stop loss order is only set after a stup but order is triggered
September 16, 2013, 04:49:25 AM
Thank you.
What happens if I deposited 10 bitcoins, purchased 15 bitcoins then on margin, and the price dropped ~66%> ? At that point the loan could not be covered by my deposit, so would the position automatically close?
I deposited 0.10 bitcoin just to play around, and purchased 0.15 on margin as a test. Here's what I see:
http://i.imgur.com/9RsYrf6.png
I assume this is who the funds were borrowed from:
http://i.imgur.com/D3CApnv.png
Will the position auto close then if I don't before that expiration? If I close the loan on this page, does it auto sell at market?
Yes and yes.
As a third option, you can loan USD (in your case) directly in that "lending" window. These new funds are visible at "unused borrowed funds". You then can close individual positions in "borrowed funds used in a margin position" and those closed funds are immediately replaced by the until-then unused funds. With that you can change the rate (from variable to fixed, or to a lower fixed one) and the maximum lending time.
Probably that's all obvious, but since we are playing with money here, saying it twice can't hurt ;-)
Ente
September 15, 2013, 10:40:55 AM
Few stupid questions:
1) If I bought, for example, 100 bitcoin at market under "margin trading", would that be the same as a market order on Bitstamp? Does this mean Bitfinex has an account on Bitstamp they use to then place the order?
2) Again, concerning the margin trading tab, is there a way to select the period of the loan? My understanding is that buying on margin would automatically borrow from one of the lenders on the lending page, but many of these appear to be for only 2 day periods. How would I know when the loan expires and what would happen at the end... would the position automatically close?
1) If I bought, for example, 100 bitcoin at market under "margin trading", would that be the same as a market order on Bitstamp? Does this mean Bitfinex has an account on Bitstamp they use to then place the order?
2) Again, concerning the margin trading tab, is there a way to select the period of the loan? My understanding is that buying on margin would automatically borrow from one of the lenders on the lending page, but many of these appear to be for only 2 day periods. How would I know when the loan expires and what would happen at the end... would the position automatically close?
re: #1 -- you have control over how that order is placed by selecting the routing. You can route it to either the Bitstamp exchange or the internal Bitfinex exchange, or both (which is the default option). Then you can determine if it is a market or limit order on those exchanges. But yes Bitfinex has a big account on bitstamp and that is what ultimately runs your order if you fulfill it on Bitstamp. In that sense Bitfinex is a meta-exchange (but not so if you route it internally).
re: #2 -- The loan period is determined on the order you do it. For example, you could go on the lending page and borrow money. You would decide exactly what loans you take, for how much and for how long. If you have money already borrowed, then your margin trades use that loan money, so you know exactly what the terms are. If you go to the margin page first and run some trade, then you are asking the system to go out and secure loans for that trade as you need them for the trades your are doing. In that case you can set the loan durations and the maximum interest rates you will consider when you make the trade. If those criteria can be met from the existing loan providers, then your trade (and loan) will go through.
Thank you.
What happens if I deposited 10 bitcoins, purchased 15 bitcoins then on margin, and the price dropped ~66%> ? At that point the loan could not be covered by my deposit, so would the position automatically close?
I deposited 0.10 bitcoin just to play around, and purchased 0.15 on margin as a test. Here's what I see:
I assume this is who the funds were borrowed from:
Will the position auto close then if I don't before that expiration? If I close the loan on this page, does it auto sell at market?
September 15, 2013, 06:48:19 AM
little bug? --> "Renew Loan" on an outstanding loan requires 2 attempts at the moment, first it says 'blablabla will not be renewed', then the second time it works.
Autorenew from the initiation of the loan might be somewhat buggy too, but I am not 100% sure of that.
Autorenew from the initiation of the loan might be somewhat buggy too, but I am not 100% sure of that.
September 15, 2013, 01:16:33 AM
Few stupid questions:
1) If I bought, for example, 100 bitcoin at market under "margin trading", would that be the same as a market order on Bitstamp? Does this mean Bitfinex has an account on Bitstamp they use to then place the order?
2) Again, concerning the margin trading tab, is there a way to select the period of the loan? My understanding is that buying on margin would automatically borrow from one of the lenders on the lending page, but many of these appear to be for only 2 day periods. How would I know when the loan expires and what would happen at the end... would the position automatically close?
1) If I bought, for example, 100 bitcoin at market under "margin trading", would that be the same as a market order on Bitstamp? Does this mean Bitfinex has an account on Bitstamp they use to then place the order?
2) Again, concerning the margin trading tab, is there a way to select the period of the loan? My understanding is that buying on margin would automatically borrow from one of the lenders on the lending page, but many of these appear to be for only 2 day periods. How would I know when the loan expires and what would happen at the end... would the position automatically close?
re: #1 -- you have control over how that order is placed by selecting the routing. You can route it to either the Bitstamp exchange or the internal Bitfinex exchange, or both (which is the default option). Then you can determine if it is a market or limit order on those exchanges. But yes Bitfinex has a big account on bitstamp and that is what ultimately runs your order if you fulfill it on Bitstamp. In that sense Bitfinex is a meta-exchange (but not so if you route it internally).
re: #2 -- The loan period is determined on the order you do it. For example, you could go on the lending page and borrow money. You would decide exactly what loans you take, for how much and for how long. If you have money already borrowed, then your margin trades use that loan money, so you know exactly what the terms are. If you go to the margin page first and run some trade, then you are asking the system to go out and secure loans for that trade as you need them for the trades your are doing. In that case you can set the loan durations and the maximum interest rates you will consider when you make the trade. If those criteria can be met from the existing loan providers, then your trade (and loan) will go through.
September 15, 2013, 12:01:52 AM
Few stupid questions:
1) If I bought, for example, 100 bitcoin at market under "margin trading", would that be the same as a market order on Bitstamp? Does this mean Bitfinex has an account on Bitstamp they use to then place the order?
2) Again, concerning the margin trading tab, is there a way to select the period of the loan? My understanding is that buying on margin would automatically borrow from one of the lenders on the lending page, but many of these appear to be for only 2 day periods. How would I know when the loan expires and what would happen at the end... would the position automatically close?
1) If I bought, for example, 100 bitcoin at market under "margin trading", would that be the same as a market order on Bitstamp? Does this mean Bitfinex has an account on Bitstamp they use to then place the order?
2) Again, concerning the margin trading tab, is there a way to select the period of the loan? My understanding is that buying on margin would automatically borrow from one of the lenders on the lending page, but many of these appear to be for only 2 day periods. How would I know when the loan expires and what would happen at the end... would the position automatically close?
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