What does flash return rate mean?
It's in their FAQ: https://www.bitfinex.com/pages/support
Quote
Also are users funds safe with this exchange?
You can never know. But Bitfinex has been around for a long time.
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 90. (Read 723903 times)
March 01, 2015, 05:13:03 AM
It's in their FAQ: https://www.bitfinex.com/pages/support
You can never know. But Bitfinex has been around for a long time.
March 01, 2015, 04:11:04 AM
What does flash return rate mean? Also are users funds safe with this exchange?
February 28, 2015, 04:15:33 PM
swap auto renews at the best available rate as needed it does NOT close your margin position. above poster is 100% wrong on that.
It has been my experience that camolist is correct and superbit is wrong. There may be situations in which you can control whether or not your leveraged position is automatically closed, but I've never seen that happen except for a margin call.
February 28, 2015, 02:26:19 AM
Thanks for the info! Is there a standard time limit when opening a new position or does it just choose the best rate available? In other words when opening a position is there a standard duration (or range for the time duration) before the expiration date?
it picks the best rate
you can pre reserve swap in the swaps section at your terms (length amount and interest rate) and it will use what you reserved before just going after the best rate
swap auto renews at the best available rate as needed it does NOT close your margin position. above poster is 100% wrong on that.
February 28, 2015, 12:35:11 AM
If I take out a short position of btc then look under the section "swaps used in a margin position" and I see that it expires on Mon 04 Mar 2015, is a new swap opened automatically on the day the position expires?
No, it will close your leveraged trade. You can take out a new position at any time though and close the existing one to keep extending it and or lowering your borrowing rate.
Thanks for the info! Is there a standard time limit when opening a new position or does it just choose the best rate available? In other words when opening a position is there a standard duration (or range for the time duration) before the expiration date?
February 27, 2015, 10:08:57 PM
If I take out a short position of btc then look under the section "swaps used in a margin position" and I see that it expires on Mon 04 Mar 2015, is a new swap opened automatically on the day the position expires?
No, it will close your leveraged trade. You can take out a new position at any time though and close the existing one to keep extending it and or lowering your borrowing rate.
February 27, 2015, 09:50:48 PM
If I take out a short position of btc then look under the section "swaps used in a margin position" and I see that it expires on Mon 04 Mar 2015, is a new swap opened automatically on the day the position expires?
February 27, 2015, 07:35:34 AM
I have a withdrawal stuck with "pending review" status, although I did the receive the withdrawal approved email.
Is anyone familiar with this? what could be the cause? it's a small amount and I do have 2fa enabled, it's the first time I experience this, I did search the thread and other guy had a similar problem related to a typo in his btc address apparently (not my case). Any help appreciated.
Is anyone familiar with this? what could be the cause? it's a small amount and I do have 2fa enabled, it's the first time I experience this, I did search the thread and other guy had a similar problem related to a typo in his btc address apparently (not my case). Any help appreciated.
February 25, 2015, 03:49:28 AM
Still something wrong.
Very very strange behavior and I can't parse the reason by myself analyzing the history
Very very strange behavior and I can't parse the reason by myself analyzing the history
February 23, 2015, 11:08:29 AM
Balances restored.
February 23, 2015, 10:41:41 AM
How is that possible?
Anyone to explain?
Anyone to explain?
Hello TheXpert,
I will write you a PM for more details on whats next, but for everyone here is what happened. We are currently testing a new trading engine on DRKUSD and DRKBTC pairs only. Initially this engine used a feedback loop to confirm new balances after exchange execution. Problem was when you inserted the same type of orders for the same account in between this loop, like your bot was doing by sending the same marketable orders over and over, the exchange balance checking would be screwed and allow for a negative balance before catching up with your actual balance.
This wasn't such a serious problem anyway as there was a circuit breaker in place that would limit any possible negative loss to a maximum of 1,000 usd.
Anyways this has now been corrected (this was the purpose of testing on very small volume pairs like DRK). Your bot has been very useful in this regard.
Have a good day
Raphael
Bitfinex team
Compensate him. Each member of the community will decide whether or not the amount of your compensation is worth the risk of allowing a negative balance. Many of us figure that once we run out of the money a bot can spend, we'll just leave it until we get around to adding more. It looks like you allowed it to continue losing when reason suggests you should have stopped it.
I suspect that you already decided to eat his losses, so why not publish that fact? It would encourage us to test your exchange :-)
February 23, 2015, 08:09:02 AM
How is that possible?
Anyone to explain?
Anyone to explain?
Hello TheXpert,
I will write you a PM for more details on whats next, but for everyone here is what happened. We are currently testing a new trading engine on DRKUSD and DRKBTC pairs only. Initially this engine used a feedback loop to confirm new balances after exchange execution. Problem was when you inserted the same type of orders for the same account in between this loop, like your bot was doing by sending the same marketable orders over and over, the exchange balance checking would be screwed and allow for a negative balance before catching up with your actual balance.
This wasn't such a serious problem anyway as there was a circuit breaker in place that would limit any possible negative loss to a maximum of 1,000 usd.
Anyways this has now been corrected (this was the purpose of testing on very small volume pairs like DRK). Your bot has been very useful in this regard.
Have a good day
Raphael
Bitfinex team
February 23, 2015, 04:49:43 AM
How is that possible?
Anyone to explain?
Anyone to explain?
February 22, 2015, 03:01:01 PM
It would have been nice to announce beforehand (or at least somewhere after the fact/at all) that you changed the date format in the CSV files... 
Ah well, it was only a minor change in the end (and is now anyways much better to parse) - still a heads-up would have been nice.
Ah well, it was only a minor change in the end (and is now anyways much better to parse) - still a heads-up would have been nice.
February 22, 2015, 12:36:07 PM
I have negative balance without any margin trading.
Has anyone seen something like this?
Has anyone seen something like this?
February 21, 2015, 11:15:22 PM
I thought they changed that a while ago, so that if you go short against a deposit of BTC or long against a deposit of USD you "borrow" (without any fees) from your own funds before you take any swap. I remember an announcement saying that they'd realised that the way it was set up you effectively got more leverage by holding your deposit in the same currency as you were borrowing, and that the change had evened it out so that it didn't matter which one you started out holding.
Is this and other swap behavior subtlety documented somewhere?
https://www.bitfinex.com/pages/announcements -- Ctrl+F for "Leverage", should find it.
It's not exactly "documentation", but it is at least on record... in that one not-easily-found place.
February 21, 2015, 11:54:29 AM
Is this and other swap behavior subtlety documented somewhere?
I asked about their order filling policy and got none, I HAD PERSONALLY TO DEVISE that STOP orders get filled first, then your market order gets filled last. (cutting in the queue) I received no link or answer on the order matching, only a vague response of "an upgrade". February 21, 2015, 11:52:29 AM
if you could provide the relevant order history, we can figure out why you have a positive balance when you said you have sold the pair. I don't think there are these type of errors in the platform as you have claimed
Why should it be or any surprise when other people complain about magically disappearing orders and other things... I heard quite a lot of various complaints, so this one is a drop in the ocean that forces me to be deeply distrustful of that site. Also, the story is much the same os the one of the Gox. "We are upgrading." 
February 21, 2015, 10:19:36 AM
I thought they changed that a while ago, so that if you go short against a deposit of BTC or long against a deposit of USD you "borrow" (without any fees) from your own funds before you take any swap. I remember an announcement saying that they'd realised that the way it was set up you effectively got more leverage by holding your deposit in the same currency as you were borrowing, and that the change had evened it out so that it didn't matter which one you started out holding.
Is this and other swap behavior subtlety documented somewhere?
February 21, 2015, 12:36:05 AM
unless I am missing an option somewhere this is feature request:
so i put a "Receive swap" order in at say 1000 USD at "Flash Return Rate" for 30 days
i use it in a trade where i bought btc at 240 and sold at 245
I would prefer to have an option that the swap goes back into "unused swaps" instead of just closing it outright
i want to be able to guarantee 30 day rates for my loaned swaps but these 30 day loans are usually hard to obtain so having them close after every trade is a pain when i have to wait for someone new to accept my receive swap bid
so i put a "Receive swap" order in at say 1000 USD at "Flash Return Rate" for 30 days
i use it in a trade where i bought btc at 240 and sold at 245
I would prefer to have an option that the swap goes back into "unused swaps" instead of just closing it outright
i want to be able to guarantee 30 day rates for my loaned swaps but these 30 day loans are usually hard to obtain so having them close after every trade is a pain when i have to wait for someone new to accept my receive swap bid
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