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Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 357. (Read 723990 times)

legendary
Activity: 2618
Merit: 1007
I'm surprised GOX isn't at least an option.
It used to be an option. In fact quite good. Before this global paranoia has kicked in..

not sure if it's just paranoia.
For example, today the volume on Bitfinex was 13k BTC, about 700 k USD.
Throughout the day there was a significant price difference between Gox and Bitstamp.

Thus, if Gox trading was allowed, a huge portion of that USD would end up in the Gox trading account of Bitfinex. How would Bitfinex be able to withdraw, say $ 400000 per day from Mt.Gox and transfer them to Bitstamp and their own Bank account?
Allow trading first come first served for 50k USD on gox. Halt trading, withdraw money. Once credited, allow trading for another 50k USD etc.
full member
Activity: 124
Merit: 100
How would Bitfinex be able to withdraw, say $ 400000 per day from Mt.Gox and transfer them to Bitstamp and their own Bank account?
Maybe they should get rid of fiat and use bitcoins for this?..
Doing conversion only on their own platforms if needed..
The raw idea but at least this idea deserves some considering..
After all isn't bitcoin the best available tx vehicle now?
legendary
Activity: 2413
Merit: 1003
I want:


SOUNDS (and/or emails) on execuded orders
hero member
Activity: 602
Merit: 500
I'm surprised GOX isn't at least an option.
It used to be an option. In fact quite good. Before this global paranoia has kicked in..

not sure if it's just paranoia.
For example, today the volume on Bitfinex was 13k BTC, about 700 k USD.
Throughout the day there was a significant price difference between Gox and Bitstamp.

Thus, if Gox trading was allowed, a huge portion of that USD would end up in the Gox trading account of Bitfinex. How would Bitfinex be able to withdraw, say $ 400000 per day from Mt.Gox and transfer them to Bitstamp and their own Bank account?
full member
Activity: 124
Merit: 100
I'm surprised GOX isn't at least an option.
It used to be an option. In fact quite good. Before this global paranoia has kicked in..
legendary
Activity: 2413
Merit: 1003
In case somebody of you missed it:

https://community.bitfinex.com/content.php/35-New-fee-schedule-from-the-8th-of-July-2013

have a good day

Giancarlo
Bitfinex Team


So where do I see the volume traded in the last 30 days?
sr. member
Activity: 446
Merit: 250
CAT.EX Exchange
hero member
Activity: 602
Merit: 500
only exchange wallet will show up
asks and bids are loading forever on margin trade page, too here

EDIT: restarted me browser, and problem is gone

was the same for me.

Looks like there was quite some load on the site during the sharp spike upwards.
legendary
Activity: 2413
Merit: 1003
The difficulty in getting money in and out of Bitfinex makes for a very inflexible supply of US loans.





ever heard of Bitcoin?  Grin
legendary
Activity: 2413
Merit: 1003
"Account Overwiew" on the right side isn't showng up anymore

give it a few secs


I gave it 10min allready....it's gone
only exchange wallet will show up

i'm on the margin lending page and it shows up for me



thanks for the info, that's strange

asks and bids are loading forever on margin trade page, too here



EDIT: restarted me browser, and problem is gone
legendary
Activity: 1834
Merit: 1019
"Account Overwiew" on the right side isn't showng up anymore

give it a few secs


I gave it 10min allready....it's gone
only exchange wallet will show up

i'm on the margin lending page and it shows up for me
legendary
Activity: 2413
Merit: 1003
"Account Overwiew" on the right side isn't showng up anymore

give it a few secs


I gave it 10min allready....it's gone
only exchange wallet will show up
legendary
Activity: 1834
Merit: 1019
"Account Overwiew" on the right side isn't showng up anymore

give it a few secs
legendary
Activity: 1834
Merit: 1019
The things I would do to wire money into Bitfinex right now
legendary
Activity: 2413
Merit: 1003
"Account Overwiew" on the right side isn't showng up anymore
legendary
Activity: 1870
Merit: 1023
The difficulty in getting money in and out of Bitfinex makes for a very inflexible supply of US loans.

legendary
Activity: 1022
Merit: 1000
Does bitfinex has a BTC/USD chart?
hero member
Activity: 602
Merit: 500
I'm surprised GOX isn't at least an option.

If I recall correct, the explanation was that all the USD held by Bitfinex would tend to gravitate towards Mt.Gox, and Bitfinex team wasn't able to come up with a reliable scheme for getting a sufficient amount of this liquidity out of gox and back onto the Bitfinex bank account or into Bitstamp in a timely fashion. Thus the platform's liquidity would be drained away, and trading had to stop eventually. So they preferred to disable the Gox connection altogether.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
aww, looks like most of the fun is over.
By the way, what happens if people lend money for under an hour.  Can they lend interest-free, do they pay for a full hour....?

This has been asked a couple of times and I am pretty sure the answer is they pay for an hour.

0 - 60 min 1 hour
61 - 120 min 2 hour

and so on
What was still not answered as far as I remember is if I lend out the same money 3 times in the same hour (for 10 minutes each) do I get 3 times 1 hour interest?

Seems logical to me.  Otherwise, why would 1 buyer not have to pay while the other would have to pay?
+ you could change the amounts and percentage each time, no way to tell which money was lent out before.
legendary
Activity: 2618
Merit: 1007
aww, looks like most of the fun is over.
By the way, what happens if people lend money for under an hour.  Can they lend interest-free, do they pay for a full hour....?

This has been asked a couple of times and I am pretty sure the answer is they pay for an hour.

0 - 60 min 1 hour
61 - 120 min 2 hour

and so on
What was still not answered as far as I remember is if I lend out the same money 3 times in the same hour (for 10 minutes each) do I get 3 times 1 hour interest?
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