On Bitfinx, I have a BTCUSD short position. I also have a greater number of BTC in the wallet than the short position. So I had zero funding costs. The position is in profit.
Basically I was using the short position to sell some of my bitcoins during this price rise, without actually selling them (for tax purposes). But now I've changed my mind and I'd like to sell them.
So say, I have 20 bitcoins and a short for 10 bitcoins. I want to close my short and have 10 bitcoins. Can I do this with the "Claim" position function?
I know I could do this by simultaneously selling 10 bitcoins and using the close function on the short - but that would involve market slippage and extra fees.
I figure I should be able to do this because Bitfinex already sold the bitcoins for the short when I entered the trade. And I'm not paying again margin funding - so they've already sold *my* bitcoins. Am I right?
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 55. (Read 723861 times)
June 26, 2016, 11:21:53 PM
June 24, 2016, 01:36:25 PM
Anyone else not getting withdrawal confirmation emails?
June 17, 2016, 09:51:21 AM
Lose?
Muahahahah!
I'ma light this here see-gar with a benjamin
We now return you to your regular programming
Muahahahah!
I'ma light this here see-gar with a benjamin
We now return you to your regular programming
June 17, 2016, 05:05:02 AM
Just like ol' Georgie Washington with his cherry tree, I cannot tell a lie. I really did buy $800k of coin one year.
And I do mean bought, not traded.
You may kiss my ring now.
And I do mean bought, not traded.
You may kiss my ring now.
And how many bitcoins did you actually buy?
Okay, how many bitcoins did you actually lose? And where...
June 17, 2016, 05:00:23 AM
Just like ol' Georgie Washington with his cherry tree, I cannot tell a lie. I really did buy $800k of coin one year.
And I do mean bought, not traded.
You may kiss my ring now.
And I do mean bought, not traded.
You may kiss my ring now.
And how many bitcoins did you actually buy?
June 17, 2016, 03:36:32 AM
Just like ol' Georgie Washington with his cherry tree, I cannot tell a lie. I really did buy $800k of coin one year.
And I do mean bought, not traded.
You may kiss my ring now.
And I do mean bought, not traded.
You may kiss my ring now.
And how many bitcoins did you actually buy?
June 17, 2016, 03:27:00 AM
Just like ol' Georgie Washington with his cherry tree, I cannot tell a lie. I really did buy $800k of coin one year.
And I do mean bought, not traded.
You may kiss my ring now.
And I do mean bought, not traded.
You may kiss my ring now.
June 17, 2016, 02:52:55 AM
You're talking through your hat, boyo.
I asked a question (actually two). Just in case that simple fact failed to get through
Try buying $800,000 worth of XBT over the course of a year, as a private person, and let us know how that works for you. Bitfinex doesn't care how much money you send them, but your bank cares because it is regulated up the wazoo (at least in the U.S.)
I don't know about you, but in no circumstances I would buy $800,000 worth of bitcoins (even if I had $800,000, to begin with). Should I conclude that you habitually (or at least annually) buy and sell such amounts of bitcoins (dollars)?
Buying $800,000 worth of bitcoins in total over the course of a year is actually not a big deal for a day trader. It amounts to buying (and selling) slightly above $2,000 daily, which is nothing out of the ordinary if you are trading actively, lol. I could just as well say that I would be buying more than $1,000,000 worth of bitcoins over a year, whereas in fact I had been actively trading the same ~$3,000 for a few weeks using a bot (as an individual)...
Which made around a few hundred trades a day (though with a relatively small percent of the total capital)
June 16, 2016, 05:13:47 PM
You're talking through your hat, boyo.
I asked a question (actually two). Just in case that simple fact failed to get through
Try buying $800,000 worth of XBT over the course of a year, as a private person, and let us know how that works for you. Bitfinex doesn't care how much money you send them, but your bank cares because it is regulated up the wazoo (at least in the U.S.)
I don't know about you, but in no circumstances I would buy $800,000 worth of bitcoins (even if I had $800,000, to begin with). Should I conclude that you habitually (or at least annually) buy and sell such amounts of bitcoins (dollars)?
June 16, 2016, 04:22:46 PM
So, is there any difference/advantage on bitfinex when running a corporate account? Besides implications on my, local, side (bank account, legal status etc).
Where can I read up on that? I didn't find anything on a short google.
Ente
Where can I read up on that? I didn't find anything on a short google.
Ente
June 16, 2016, 12:49:40 PM
Just a general question, I read some where some time that corporate users account for the majority of the volume on bitfinex, is this true?
Anybody can register an LLC and a bank account under the corporate name. And you should, if you're gonna send big wires.Opening a corporate account at finex isn't hard. I did it.
A "corporation" can be a one-man operation, it doesn't have to be a big company.
June 16, 2016, 09:52:52 AM
You're talking through your hat, boyo.
I asked a question (actually two). Just in case that simple fact failed to get through
Try buying $800,000 worth of XBT over the course of a year, as a private person, and let us know how that works for you. Bitfinex doesn't care how much money you send them, but your bank cares because it is regulated up the wazoo (at least in the U.S.)
I don't know about you, but in no circumstances I would buy $800,000 worth of bitcoins (even if I had $800,000, to begin with). Should I conclude that you habitually (or at least annually) buy and sell such amounts of bitcoins (dollars)?
June 16, 2016, 09:45:20 AM
Just a general question, I read some where some time that corporate users account for the majority of the volume on bitfinex, is this true?
Anybody can register an LLC and a bank account under the corporate name. And you should, if you're gonna send big wires.Opening a corporate account at finex isn't hard. I did it.
A "corporation" can be a one-man operation, it doesn't have to be a big company.
As I understand it, if registered as a business, you will have to fill out a lot of papers, even if you don't (officially) book any profits. So what's the catch and is it really worth it?
Does Bitfinex limit the amount of money transferable for an individual (not business)?
There's no reason for you to do any research on the issue because you aren't a big player.
Try buying $800,000 worth of XBT over the course of a year, as a private person, and let us know how that works for you.
Bitfinex doesn't care how much money you send them, but your bank cares because it is regulated up the wazoo (at least in the U.S.).
June 16, 2016, 07:53:09 AM
Just a general question, I read some where some time that corporate users account for the majority of the volume on bitfinex, is this true?
Anybody can register an LLC and a bank account under the corporate name. And you should, if you're gonna send big wires.Opening a corporate account at finex isn't hard. I did it.
A "corporation" can be a one-man operation, it doesn't have to be a big company.
As I understand it, if registered as a business, you will have to fill out a lot of papers, even if you don't (officially) book any profits. So what's the catch and is it really worth it?
Does Bitfinex limit the amount of money transferable for an individual (not business)?
June 16, 2016, 07:09:07 AM
Just a general question, I read some where some time that corporate users account for the majority of the volume on bitfinex, is this true?
Anybody can register an LLC and a bank account under the corporate name. And you should, if you're gonna send big wires.Opening a corporate account at finex isn't hard. I did it.
A "corporation" can be a one-man operation, it doesn't have to be a big company.
June 16, 2016, 06:14:17 AM
Just a general question, I read some where some time that corporate users account for the majority of the volume on bitfinex, is this true?
June 16, 2016, 12:49:09 AM
Why so long BTC withdrawal processing? Already waiting more than 3 hours... Please support help process withdrawal quickly: Withdrawal 1085090
Already processed.
Thanks
Already processed.
Thanks
June 15, 2016, 05:13:43 PM
Is it just me or is auto renew (in the margin funding tab) not working since today?
edit: seems to be working again.
edit: seems to be working again.
June 08, 2016, 06:44:48 AM
You're not reading my replies. First, you based all your points on the basis that you have to have an MSB, I showed you one way that's not true. Now you're assuming that the only two ways are obtaining MSBs or getting a bank charter. The thing you're missing is that there are multiple (as in more than two) ways of being compliant with fincen, as I said in my first and second comment (apparently you glossed over both) not just MSB or a banking charter. Your entire argument is based on flawed assumptions.
I have read your replies but you are elusive.
You told me that you can have a bank charter without being MSB and I told you this only works in few states and not in all 50. Yes, it works if you are a bank charter in all the states. Are you?
I asked you how can you can be registered in BVI without having a license in BVI(as the local law requires) and so on.
You are welcome to explain in few words how you can work in USA, BVI or EU without being MSB or financial licensed. I am sure your clients and your potential clients want to know "who you are".
Compliant with Fincen it doesn't mean just being registered with them. Any company worldwide can register with Fincen but that doesn't mean that you are a MSB. That's why I am curious(I am sure that many others) about that.
Coinbase, Circle and others who already have licenses in almost all the USA(Circle in EU too) may be curious too. Are they and their lawyers so dumb to pay A LOT of money for being compliant in each state from USA?
Maybe they are and that's why please (in a friendly manner) explain.
Thank you.
June 08, 2016, 03:19:38 AM
You're not reading my replies. First, you based all your points on the basis that you have to have an MSB, I showed you one way that's not true. Now you're assuming that the only two ways are obtaining MSBs or getting a bank charter. The thing you're missing is that there are multiple (as in more than two) ways of being compliant with fincen, as I said in my first and second comment (apparently you glossed over both) not just MSB or a banking charter. Your entire argument is based on flawed assumptions.
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