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Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 84. (Read 723861 times)

member
Activity: 83
Merit: 10
Guys, Darkcoin is no longer, they're called Dash now. Time to update that on your site as well.
Yeah, just remove it. Grin

+1. Half a year after introduction the orderbooks still look like
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Does it have a meaning when the rates of lending USD drops very much? Looks a bit like not many loans are taken so that the rate plummets. Does that mean most traders now bet on a rising BTC?

I only wonder if this can be taken as a sign of what the market thinks. I never saw so many usd collecting before flash rate in the last week.

Anything that can be read into it regarding the price of bitcoin?

Its just going back to normal.  There normally always is a lot of flat rate offers below FRR.  The last couple of weeks we went from about $14m in total swaps to over $24m, which ate up much of the FRR wall and all kept the low offers going quickly.  Things are slowing back down as the price stabilizes from the ~$200 to $300+ rise.

Check the historical rates and charts here for a better picture of the way the market normally operates:

http://bfxdata.com/swaphistory/usd.php


Thanks for the link. Looks like an interesting website. I think ill check out all the data they collected and maybe its possible to get some clue about future price development out of this. I mean for the bitcoin price. Might be possible when many swaps are taken that this means whales think the price will drop soon or something like that.
full member
Activity: 145
Merit: 100
I do Stuff, and stuff.....
Does it have a meaning when the rates of lending USD drops very much? Looks a bit like not many loans are taken so that the rate plummets. Does that mean most traders now bet on a rising BTC?

I only wonder if this can be taken as a sign of what the market thinks. I never saw so many usd collecting before flash rate in the last week.

Anything that can be read into it regarding the price of bitcoin?

Its just going back to normal.  There normally always is a lot of flat rate offers below FRR.  The last couple of weeks we went from about $14m in total swaps to over $24m, which ate up much of the FRR wall and all kept the low offers going quickly.  Things are slowing back down as the price stabilizes from the ~$200 to $300+ rise.

Check the historical rates and charts here for a better picture of the way the market normally operates:

http://bfxdata.com/swaphistory/usd.php
full member
Activity: 145
Merit: 100
I do Stuff, and stuff.....
Any chance of adding a feature that shows the weighted  average swap rate being generated by my swaps? I guess possible to do it in Excel But it would be mighty tedious.

Using MarginBot will provide this   Tongue

hero member
Activity: 552
Merit: 501
You can use the daily return statement in your history to calculate the actual returns daily (fees already deducted).

Good point
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Does it have a meaning when the rates of lending USD drops very much? Looks a bit like not many loans are taken so that the rate plummets. Does that mean most traders now bet on a rising BTC?

I only wonder if this can be taken as a sign of what the market thinks. I never saw so many usd collecting before flash rate in the last week.

Anything that can be read into it regarding the price of bitcoin?
legendary
Activity: 2618
Merit: 1007
You can use the daily return statement in your history to calculate the actual returns daily (fees already deducted).
hero member
Activity: 552
Merit: 501
Any chance of adding a feature that shows the weighted  average swap rate being generated by my swaps? I guess possible to do it in Excel But it would be mighty tedious.
legendary
Activity: 2618
Merit: 1007
Guys, Darkcoin is no longer, they're called Dash now. Time to update that on your site as well.
Yeah, just remove it. Grin
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Where is this history log you mention? I only see one daily line showing something like: "Swap Payment on wallet deposit". All swaps done are put into one line of payment. Even though i did many different swaps for different percents.

From that initial history page, there's a row of tabs to view your history in different currencies and in more detail. The "Margin Swaps" and "Unused swaps" tabs hold your lending history. That said, it doesn't break down the payment amount any further - just lists the Start/End time, amount and rate.

Would be nice if it did break it down to a per-swap figure, but if you're worried about the payments being a bit underweight, I can (sort of) vouch for their accuracy, in that I have a long-running spreadsheet calculating the expected return (amount * rate * duration * 85%) for each swap and hence my expected return each day. Going by that, I'm fairly sure they're not cutting off any part-hours or part-days.

It's rare that I'm wrong by more than a few cents, that's very plausibly because I tend to copy the times from when the notification emails are received (which is generally a few seconds later than the real start/end time), and the total accumulated error for the whole year is about $4... and in my favour, at that.

Yes, i think the returns are correct and pretty stable once you see it as per hour.

And yes, it would be good having a own line of payment for each swap. Of course that might get big fast but its the same for every trade. So i wonder why its handled differently here. Its not a problem of course.
member
Activity: 83
Merit: 10
Guys, Darkcoin is no longer, they're called Dash now. Time to update that on your site as well.
hero member
Activity: 924
Merit: 1000
i deposited on bitfinex ( https://blockchain.info/nl/tx/e61a11aa5e7c9141e95195fe47dea093eec8b98cdb6963e74599bbe173fdd875 )
funds only apear on the top of the website and on the right my btc balance is also above 3 but both swappable and non swappable balance are 0
i can't even withdraw my funds again

please solve this immediately

Move the BTC to your trading wallet, should fix it.
sr. member
Activity: 616
Merit: 250
i deposited on bitfinex ( https://blockchain.info/nl/tx/e61a11aa5e7c9141e95195fe47dea093eec8b98cdb6963e74599bbe173fdd875 )
funds only apear on the top of the website and on the right my btc balance is also above 3 but both swappable and non swappable balance are 0
i can't even withdraw my funds again

please solve this immediately
newbie
Activity: 1
Merit: 0
Is the site down ? Can't log in or even get the landing page
Same here. Could login through Hong Kong's proxy though.
hero member
Activity: 552
Merit: 501
Is the site down ? Can't log in or even get the landing page

Getting worried
hero member
Activity: 552
Merit: 501
Is the site down ? Can't log in or even get the landing page
full member
Activity: 136
Merit: 100
Where is this history log you mention? I only see one daily line showing something like: "Swap Payment on wallet deposit". All swaps done are put into one line of payment. Even though i did many different swaps for different percents.

From that initial history page, there's a row of tabs to view your history in different currencies and in more detail. The "Margin Swaps" and "Unused swaps" tabs hold your lending history. That said, it doesn't break down the payment amount any further - just lists the Start/End time, amount and rate.

Would be nice if it did break it down to a per-swap figure, but if you're worried about the payments being a bit underweight, I can (sort of) vouch for their accuracy, in that I have a long-running spreadsheet calculating the expected return (amount * rate * duration * 85%) for each swap and hence my expected return each day. Going by that, I'm fairly sure they're not cutting off any part-hours or part-days.

It's rare that I'm wrong by more than a few cents, that's very plausibly because I tend to copy the times from when the notification emails are received (which is generally a few seconds later than the real start/end time), and the total accumulated error for the whole year is about $4... and in my favour, at that.
legendary
Activity: 1199
Merit: 1047
I miss the support stuff in this thread, at least for commenting announcements or something. Or do they post somewhere else?
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
That's why this stuff is called "swap" and not "money". The history is at https://www.bitfinex.com/account/unused_swaps and https://www.bitfinex.com/account/margin_swaps, one single click away from the payment history. The swap related tabs are conveniently labelled with "swaps" ("unused swaps" and "margin swaps") in their name.

Also, on the footer of every page, there's a link to a "How it works" page, that reads:

Quote
Liquidity Providing

Our liquidity feature goes hand in hand with the margin trading feature described above. If you are not a trader and prefer safer investments, this feature is for you. Bitfinex allows you, using your deposit wallets, to provide liquidity in the form of Bitcoins and/or dollars to traders. You can enter offers with your own chosen terms (return rate, duration, and amount). When an offer is taken by a trader, the money in your wallet will be used to buy or sell Bitcoins, and a CFD (credit) will be opened. When the position expires (the trader closes his position), Bitcoins are bought or sold back and the money is returned to your wallet.
It doesn't mention that money is being offered to other liquidity providers for arbitrage...

Those links show my past swaps but not the payments i received for them. I thought its clear what i search when i wrote "All swaps done are put into one line of payment".

I found the how it works mention the hourly payment though beneath it it states a daily charging. Thats most probably were i misread it.

Giving out liquidity to traders doesnt say that trades in between arent possible. When i would lend money and lend it to another one then this would be my trade. The sentence you bolded doesnt say thats not possible only because the word trader is used to tightly on bitfinex.

Anyway... its not working so please go vent your anger on some other person. I only wanted to ask something.
legendary
Activity: 2618
Merit: 1007
That's why this stuff is called "swap" and not "money". The history is at https://www.bitfinex.com/account/unused_swaps and https://www.bitfinex.com/account/margin_swaps, one single click away from the payment history. The swap related tabs are conveniently labelled with "swaps" ("unused swaps" and "margin swaps") in their name.

Also, on the footer of every page, there's a link to a "How it works" page, that reads:

Quote
Liquidity Providing

Our liquidity feature goes hand in hand with the margin trading feature described above. If you are not a trader and prefer safer investments, this feature is for you. Bitfinex allows you, using your deposit wallets, to provide liquidity in the form of Bitcoins and/or dollars to traders. You can enter offers with your own chosen terms (return rate, duration, and amount). When an offer is taken by a trader, the money in your wallet will be used to buy or sell Bitcoins, and a CFD (credit) will be opened. When the position expires (the trader closes his position), Bitcoins are bought or sold back and the money is returned to your wallet.
It doesn't mention that money is being offered to other liquidity providers for arbitrage...
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