Could somebody please explain to me why I am seeing -ve profit at this moment.
I sold 8 BTC on base price under $246.40 on Trailing Stop of $2 when price was $248.40 and now when price is like $246.41 I see -$7.99, I mean no matter what happens even if price goes down to $246.1 I still see -ve P/L. Why so ?
Please help me fast I want to understand this : what price will be good for my position.
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 92. (Read 723861 times)
February 14, 2015, 12:47:45 PM
February 14, 2015, 12:10:06 PM
Is it better to do Margin trading in fiat or btc? You can do both right?
February 14, 2015, 12:03:16 PM
If anyone needs a referral link, look at my signature.
Or mine or a lot of other places...
Is this really worth spamming?
BTT:
How's the new backend integration going? Any other news? For example an audit would be nice to have... or anything about the FRR situation. After all, you take a hefty percentage off of interest but it doesn't seem like the lower rates impact trading volume that much. How about charging less fees on non-FRR loans for example?
Aye, would be nice to hear some news about the new backend, and maybe get beta access to it. I've been holding off on an update to MarginBot because I was expecting to be working with the new backend soon.
February 14, 2015, 11:17:38 AM
If anyone needs a referral link, look at my signature.
Or mine or a lot of other places...
Is this really worth spamming?
BTT:
How's the new backend integration going? Any other news? For example an audit would be nice to have... or anything about the FRR situation. After all, you take a hefty percentage off of interest but it doesn't seem like the lower rates impact trading volume that much. How about charging less fees on non-FRR loans for example?
February 14, 2015, 10:27:19 AM
If anyone needs a referral link, look at my signature.
February 14, 2015, 08:55:35 AM
I couldn't made much profit from this position yesterday and I hate myself about it.
As you can see I had bought 11 btc on limit order with base rate of 228.83 and I placed short orders also of limit type on different rates.
1. Would trailing stop instead of limit order here made me better profit and how could I have achieved it.
2. Now price is $245 and say I set trailing stop sell order for $2 so does that mean my order will become active when price will fall to $243 and once its get active what will decide my profit price rise or price down and by how much price my order will be executed.
3. Same question like 2 but this time for trailing stop buy order.
I am missing a point here really and I need to understand that I can make profit even selling btc when I expect price to go low but then how can I make profit on short order by selling low, something doesn't make sense to me. Because I always thinks that I need to buy btc first beofre I can sell them and make profit when price is high, this whole idea of shorting when you got no existing long orders doesn't make sense to me.
I always understand simple rule you buy at low and sell at high, then why some people suggest to add a trailing stop sell order and gain when price goes down.
As you can see I had bought 11 btc on limit order with base rate of 228.83 and I placed short orders also of limit type on different rates.
1. Would trailing stop instead of limit order here made me better profit and how could I have achieved it.
2. Now price is $245 and say I set trailing stop sell order for $2 so does that mean my order will become active when price will fall to $243 and once its get active what will decide my profit price rise or price down and by how much price my order will be executed.
3. Same question like 2 but this time for trailing stop buy order.
I am missing a point here really and I need to understand that I can make profit even selling btc when I expect price to go low but then how can I make profit on short order by selling low, something doesn't make sense to me. Because I always thinks that I need to buy btc first beofre I can sell them and make profit when price is high, this whole idea of shorting when you got no existing long orders doesn't make sense to me.
I always understand simple rule you buy at low and sell at high, then why some people suggest to add a trailing stop sell order and gain when price goes down.
February 14, 2015, 07:39:30 AM
Hi
Thanks for answering.
I like the trailing stop idea. We are talking about Margin Trading, right? So just to get that clear: I do a Margin Buy of 4btc at $230. The price goes up to $240. I need to go away from the computer so what I have to do is, Margin Sell Trailing Stop 4btc at $5. So if the price goes down to $235 it will sell. But if it keeps going up to $265 it will keep the $5 distance all the way up and sell $5 lower when it's starts dropping. Is that correct?
Will try with low amounts first
Thank you
Thanks for answering.
I like the trailing stop idea. We are talking about Margin Trading, right? So just to get that clear: I do a Margin Buy of 4btc at $230. The price goes up to $240. I need to go away from the computer so what I have to do is, Margin Sell Trailing Stop 4btc at $5. So if the price goes down to $235 it will sell. But if it keeps going up to $265 it will keep the $5 distance all the way up and sell $5 lower when it's starts dropping. Is that correct?
Will try with low amounts first
Thank you
correct
February 14, 2015, 03:52:11 AM
Hey guys just a couple of noob questions 
1. Let's say I do Margin Buy at market rate of $230. The price is rising and it's $240 now. I want to leave this open until it's rising. But if it starts falling down can I just set a price of $235 to auto-close my position to get my profits? I know I can just clik CLOSE at market rate but I want something automatic, is it posible with bitfinex and how to do that?
2. Also, can I set a price of $250 to auto-close it and get the profits?
1. Let's say I do Margin Buy at market rate of $230. The price is rising and it's $240 now. I want to leave this open until it's rising. But if it starts falling down can I just set a price of $235 to auto-close my position to get my profits? I know I can just clik CLOSE at market rate but I want something automatic, is it posible with bitfinex and how to do that?
2. Also, can I set a price of $250 to auto-close it and get the profits?
For 1. you want a Stop Sell order, you enter it with a trigger price, and if/when when the price goes as low as the trigger price it does a market sell (a Stop Buy would work in reverse - waits until the price goes "this high" then buys). The plus point is that it can save you from slipping into a loss if you have to leave your trades unattended, the downside is the possibility that a fake-out goes just low enough to set off your sell before the price rises higher.
Alternatively a Trailing Stop Sell, you would enter with a distance - then the trigger price starts at that distance below the current price, and stays there if the market goes down to set off the trigger, but gradually moves up if the price goes higher, so that your trigger price is always that same distance below the highest price-point that's been seen since you entered the order.
For 2. that would be an ordinary Limit Sell - you only want to sell if someone's going to pay $250, but the current going price isn't that high yet, so your offer to sell will sit on the order-book and wait for someone to come along who's willing to bid that high.
Hi
Thanks for answering.
I like the trailing stop idea. We are talking about Margin Trading, right? So just to get that clear: I do a Margin Buy of 4btc at $230. The price goes up to $240. I need to go away from the computer so what I have to do is, Margin Sell Trailing Stop 4btc at $5. So if the price goes down to $235 it will sell. But if it keeps going up to $265 it will keep the $5 distance all the way up and sell $5 lower when it's starts dropping. Is that correct?
Will try with low amounts first
Thank you
February 13, 2015, 09:47:25 PM
Hey guys just a couple of noob questions
1. Let's say I do Margin Buy at market rate of $230. The price is rising and it's $240 now. I want to leave this open until it's rising. But if it starts falling down can I just set a price of $235 to auto-close my position to get my profits? I know I can just clik CLOSE at market rate but I want something automatic, is it posible with bitfinex and how to do that?
2. Also, can I set a price of $250 to auto-close it and get the profits?
1. Let's say I do Margin Buy at market rate of $230. The price is rising and it's $240 now. I want to leave this open until it's rising. But if it starts falling down can I just set a price of $235 to auto-close my position to get my profits? I know I can just clik CLOSE at market rate but I want something automatic, is it posible with bitfinex and how to do that?
2. Also, can I set a price of $250 to auto-close it and get the profits?
For 1. you want a Stop Sell order, you enter it with a trigger price, and if/when when the price goes as low as the trigger price it does a market sell (a Stop Buy would work in reverse - waits until the price goes "this high" then buys). The plus point is that it can save you from slipping into a loss if you have to leave your trades unattended, the downside is the possibility that a fake-out goes just low enough to set off your sell before the price rises higher.
Alternatively a Trailing Stop Sell, you would enter with a distance - then the trigger price starts at that distance below the current price, and stays there if the market goes down to set off the trigger, but gradually moves up if the price goes higher, so that your trigger price is always that same distance below the highest price-point that's been seen since you entered the order.
For 2. that would be an ordinary Limit Sell - you only want to sell if someone's going to pay $250, but the current going price isn't that high yet, so your offer to sell will sit on the order-book and wait for someone to come along who's willing to bid that high.
February 13, 2015, 01:32:14 PM
Hey guys just a couple of noob questions
1. Let's say I do Margin Buy at market rate of $230. The price is rising and it's $240 now. I want to leave this open until it's rising. But if it starts falling down can I just set a price of $235 to auto-close my position to get my profits? I know I can just clik CLOSE at market rate but I want something automatic, is it posible with bitfinex and how to do that?
2. Also, can I set a price of $250 to auto-close it and get the profits?
1. Let's say I do Margin Buy at market rate of $230. The price is rising and it's $240 now. I want to leave this open until it's rising. But if it starts falling down can I just set a price of $235 to auto-close my position to get my profits? I know I can just clik CLOSE at market rate but I want something automatic, is it posible with bitfinex and how to do that?
2. Also, can I set a price of $250 to auto-close it and get the profits?
February 12, 2015, 11:13:03 AM
I have a question regarding deposit addresses. If you generate a new deposit address, are previous addresses still valid? Would a bitcoin sent to any one of your previous deposit addresses show up in your bitfinex account?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
They remain valid.
Thank you very much. This is what I'd expected but I couldn't find a clear answer anywhere.
Oh, seems I was wrong, sorry. It says in their FAQ under "Can I deposit or withdraw in Bitcoins/Litecoins?":
"Please note that you should only deposit to the address displayed on the "Deposit" page. Previous deposits addresses are not available for security reasons."
But I'm sure I messed up once and sent a payment to an old address I had on record. It went through nevertheless so there seem to have been some changes lately.
mjr, care to enlighten us?
Oh wow good catch. It might be that "not available" means that they won't display previous addresses on your deposit page, but that they would still accept deposits to those addresses. That would make sense at least. I will definitely wait to hear from someone within Bitfinex about this.
Another question I have: Will we ever get an API method to withdraw cryptocurrency? Currently I don't see any call in the API documentation that does this.
If I don't get a response here in the next day or two I will try e-mailing support with these questions and post the answer I get here.
February 12, 2015, 10:13:31 AM
I have a question regarding deposit addresses. If you generate a new deposit address, are previous addresses still valid? Would a bitcoin sent to any one of your previous deposit addresses show up in your bitfinex account?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
They remain valid.
Thank you very much. This is what I'd expected but I couldn't find a clear answer anywhere.
Oh, seems I was wrong, sorry. It says in their FAQ under "Can I deposit or withdraw in Bitcoins/Litecoins?":
"Please note that you should only deposit to the address displayed on the "Deposit" page. Previous deposits addresses are not available for security reasons."
But I'm sure I messed up once and sent a payment to an old address I had on record. It went through nevertheless so there seem to have been some changes lately.
mjr, care to enlighten us?
February 12, 2015, 09:56:42 AM
I have a question regarding deposit addresses. If you generate a new deposit address, are previous addresses still valid? Would a bitcoin sent to any one of your previous deposit addresses show up in your bitfinex account?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
They remain valid.
Thank you very much. This is what I'd expected but I couldn't find a clear answer anywhere.
February 12, 2015, 02:48:10 AM
I have a question regarding deposit addresses. If you generate a new deposit address, are previous addresses still valid? Would a bitcoin sent to any one of your previous deposit addresses show up in your bitfinex account?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
They remain valid.
February 11, 2015, 11:51:12 PM
I have a question regarding deposit addresses. If you generate a new deposit address, are previous addresses still valid? Would a bitcoin sent to any one of your previous deposit addresses show up in your bitfinex account?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
I'm mainly interested in the /deposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?
February 11, 2015, 07:10:03 PM
Any news about EUR support?
February 11, 2015, 12:45:34 PM
Is it any good of a position how can I improve further. I am holding on the coins since two days now 
and loosing a lot in swap cost that's eating up my earlier profit.
Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.
Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.
What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?
And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11
and loosing a lot in swap cost that's eating up my earlier profit. Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.
Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.
What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?
And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11
Your swap costs are just a bit over 1%, nothing to worry. Volatility is much higher than that, so you "just" have to pick the right direction, up or down ;-)
(I picked down, by the way)
You can manually replace your swaps with better offers, both for longer runtime or lower costs. That is, when better swap offers are available.
Training stop (both up or down, depending on your position) is a "stop loss". You can, for example, say "okay, if it goes down another $20, sell my long position" with a stop-loss or training stop.
I have some stops set, for security, and some regular orders, to catch spikes. That's it, I do regular stuff manually when staring at charts.
Raalok
Gr8 insight helped me a lot. Followed your suggestion of going for swaps and placed some offers for receive. Cheers.
February 11, 2015, 12:18:25 PM
Is it any good of a position how can I improve further. I am holding on the coins since two days now and loosing a lot in swap cost that's eating up my earlier profit.
Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.
Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.
What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?
And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11
and loosing a lot in swap cost that's eating up my earlier profit. Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.
Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.
What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?
And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11
Your swap costs are just a bit over 1%, nothing to worry. Volatility is much higher than that, so you "just" have to pick the right direction, up or down ;-)
(I picked down, by the way)
You can manually replace your swaps with better offers, both for longer runtime or lower costs. That is, when better swap offers are available.
Training stop (both up or down, depending on your position) is a "stop loss". You can, for example, say "okay, if it goes down another $20, sell my long position" with a stop-loss or training stop.
I have some stops set, for security, and some regular orders, to catch spikes. That's it, I do regular stuff manually when staring at charts.
Raalok
February 11, 2015, 05:05:29 AM
Is it any good of a position how can I improve further. I am holding on the coins since two days now and loosing a lot in swap cost that's eating up my earlier profit.
Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.
Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.
What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?
And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11
and loosing a lot in swap cost that's eating up my earlier profit. Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.
Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.
What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?
And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11
February 10, 2015, 05:33:10 PM
Keep getting invalid bitcoin address when trying to withdraw.
Can anyone look into it?
Thank you
Can anyone look into it?
Thank you
check for spaces?
That is probably the problem. Look for trailing whitespace in the address, but if that is not the problem, try looking the address up on blockchain.info or one of the other blockexplorers. If you don't have any problem there, open a support ticket. Bitcoin addresses have a built in checksum so any typos can usually be caught, and this gives a little safety when sending non-reversible transactions.
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