Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 78. (Read 723861 times)
May 27, 2015, 06:14:44 AM
Many of them are just BTC bag holders from higher prices who are unwilling to sell.
May 27, 2015, 05:43:59 AM
the fact that ppl still lend out there bitcoin for 0.02% per day confuses me because you can lend out your btc for more at poloniex
The fact that people still hold on to the hope that bitcoin is going "To TEH MOON!!!!!1!!1" and lend BTC instead of switching it to USD and making much better returns confuses me....
Though the rate for lending USD dropped nearly half of its value. The question is how to interprete this. Does it mean that many believe the price will go up really now, so that they dont have spare USD to lend, and there are not so many users anymore that want to lend USD because of that too?
When thinking that part of the price development is how the market participants think about how the market will move, then this should be a thing to think about.
What do you think about why the rates are how they are?
May 27, 2015, 04:37:21 AM
Just like your refusal to integrate FRR into your lending bot strategy... 
It might be easier to withdraw BTC off of Bitfinex if something gets messed up, they might hope for interest spikes in the BTC market, have a local currency that is much stronger than the USD (so keeping USD would loose you money), lending out BTC is equal to profiting from shorting, they might have enough BTC that it is hard to convert them to USD without moving the market and there is another significant loss when converting back htat might not offset the higher interest...
It might be easier to withdraw BTC off of Bitfinex if something gets messed up, they might hope for interest spikes in the BTC market, have a local currency that is much stronger than the USD (so keeping USD would loose you money), lending out BTC is equal to profiting from shorting, they might have enough BTC that it is hard to convert them to USD without moving the market and there is another significant loss when converting back htat might not offset the higher interest...
May 26, 2015, 11:05:27 AM
the fact that ppl still lend out there bitcoin for 0.02% per day confuses me because you can lend out your btc for more at poloniex
The fact that people still hold on to the hope that bitcoin is going "To TEH MOON!!!!!1!!1" and lend BTC instead of switching it to USD and making much better returns confuses me....
May 26, 2015, 09:09:56 AM
They could just do the same as they did with their crypto audits but release a bank statement instead of a proof of control over private keys.
Also a long time has passed since then and they should at least be able internally to balance their books - something which can be published too.
Also a long time has passed since then and they should at least be able internally to balance their books - something which can be published too.
May 26, 2015, 09:01:30 AM
IIRC they had issues with finding traditional fiat auditing firms willing to do work on a bitcoin exchange.
May 26, 2015, 09:00:07 AM
a crypto-only audit is better than nothing.
A crypto (or fiat) only audit is meaningless, as I just wrote: It is easily possible to cover the other side by insider trading.
May 26, 2015, 08:32:47 AM
Has there been any update since the compromise?!?
It seems I'm missing a couple 'dust deposits,' and I have several that are pending for my old address. Obvious concern is that all deposits to BFX are vulnerable ... what to do?
It seems I'm missing a couple 'dust deposits,' and I have several that are pending for my old address. Obvious concern is that all deposits to BFX are vulnerable ... what to do?
May 26, 2015, 08:10:03 AM
Well, they can use their USD to buy lots of BTC, do a positive crypto-only audit, sell again and keep on running on fractional reserve (if that's what they do, which I don't believe). Unless there is a fiat AND crypto audit at the same time, audits are pretty useless.
Both a fiat & crypto audit would be best, but a crypto-only audit is better than nothing.
May 26, 2015, 07:41:08 AM
Well, they can use their USD to buy lots of BTC, do a positive crypto-only audit, sell again and keep on running on fractional reserve (if that's what they do, which I don't believe). Unless there is a fiat AND crypto audit at the same time, audits are pretty useless.
May 26, 2015, 07:32:15 AM
A new audit would be nice to get rid of the ''hacked'' FUD.
May 26, 2015, 05:37:54 AM
the fact that ppl still lend out there bitcoin for 0.02% per day confuses me because you can lend out your btc for more at poloniex
Only after KYC with them (Poloniex). If not giving away your idendity documents is worth more to you than the difference in interest it makes perfect sense to stay on Bitfinex.
May 21, 2015, 02:02:26 PM
Bitfinex, you need to fix this immediately!!
https://twitter.com/btcdrak/status/601456952040816641
https://pbs.twimg.com/media/CFjN6QxUIAMOyeO.png:large
Lowest ask is lower than the highest bid. In the screenshot, the highest bid is at 235.75 and the lowest ask is at 232.39.
edit: Also of note is the 236.76 spike high on May 19th. An almost 100 BTC market buy got executed at that price despite there being around 2500 BTC in asks to $236.
Something is not right.
https://twitter.com/btcdrak/status/601456952040816641
https://pbs.twimg.com/media/CFjN6QxUIAMOyeO.png:large
Lowest ask is lower than the highest bid. In the screenshot, the highest bid is at 235.75 and the lowest ask is at 232.39.
edit: Also of note is the 236.76 spike high on May 19th. An almost 100 BTC market buy got executed at that price despite there being around 2500 BTC in asks to $236.
Something is not right.
May 19, 2015, 11:15:39 AM
Lending out bitcoin on a usa-based exchange, LOL, I don't think so.
the fact that ppl still lend out there bitcoin for 0.02% per day confuses me because you can lend out your btc for more at poloniex
but the rate diff is way too much, i expect 10% rate diff max. EDIT : ie 0.045% vs 0.04%
May 19, 2015, 10:07:17 AM
Lending out bitcoin on a usa-based exchange, LOL, I don't think so.
the fact that ppl still lend out there bitcoin for 0.02% per day confuses me because you can lend out your btc for more at poloniex
May 19, 2015, 10:05:52 AM
Bitfinex has more trust
May 19, 2015, 10:03:06 AM
the fact that ppl still lend out there bitcoin for 0.02% per day confuses me because you can lend out your btc for more at poloniex
May 14, 2015, 12:57:44 PM
Bitfinex.com return 502 Bad Gateway for me. Where can I find more info about this?
I came here looking for info. The last trade shown on bitcoinity was 18 minutes ago so it might have been offline for the last quarter of an hour. The last tweet from its twitter account was yesterday.
https://twitter.com/bitfinex
Maybe they are having another DDOS attack or something. It's not often it goes offline.
Edit/
Some new trades just showed up on bitcoinity and the site's up again.
May 14, 2015, 12:52:03 PM
Bitfinex.com return 502 Bad Gateway for me. Where can I find more info about this?
May 14, 2015, 10:32:09 AM
So what is the overall concensus about this?
Am I better putting my btc here as a "safe" investment, or should I just convert the coins and invest at just-dice? Any other good "safe" option for earning off coins without automatically jumping into cloud mining? (That's what i'm trying to diversify away from)
Am I better putting my btc here as a "safe" investment, or should I just convert the coins and invest at just-dice? Any other good "safe" option for earning off coins without automatically jumping into cloud mining? (That's what i'm trying to diversify away from)
Investing in Just Dice would be great if we could still do it with bitcoins, instead of with a coin that has no use outside of Just Dice (and which is highly illiquid).
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