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Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 97. (Read 723861 times)

hero member
Activity: 686
Merit: 500
Ultranode
mjr,

How much of BFX's fiat is stuck in a frozen Egopay account?
legendary
Activity: 1199
Merit: 1047
BTC lending rates going down again. That sucks after buying more expensive BTC to lend them...
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
Maybe because you have a long position whose worth is changing. So you get in debt or get profit from it. Thus changing your further possible tradable balance. I believe the tradable balance isnt changing when you dont hold a position.

That was what I thought, if they leverage was applied later and required margin was not reflected in tradable balance. but the numbers do not match either.

$4300 in margin balance
-$609 in unrealized loss and swap
= net value of $3691

x leverage of 3.3
= leveraged balance of $12180

- $10525 already used in position
= $1655 tradable balance

Tradable Balance shown on site: $1777.2

There is a $122 difference, and rounding can't account for that much (I've rounded 14 cents, even after 3.3x that's just $0.46).

So.. why do I have an extra $122 in tradable balances?! Or a missing $380 if it's the other method?
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
I have some questions about margin trading amounts:

I have $4300 USD in my trading account, hence $4300 margin balance. With 3.3:1 leverage, I should have a tradable balance of $14190. OK.

I have an active long position on BTC. Amount: 50, base price: $210.50. So this means I've used $10525 of my tradable balance on this position.

As the maintenance margin is 15%, I need to keep 15% of $10525 -- $1578.75. This matches the required margin.

Ignoring unrealized swap. It's less than a dollar.

So:

14190 - 10525 - 1578.75 = 2086.25

This should be my remaining tradable balance, right? But it's only $1707.

Where did $380 go? And why is my tradable balance varying with every refresh? My maintenance is $1578.75, and that is static. My USD balance is $4300, and that is static. My already-borrowed amount of $10525 is static. Everything's static, how is my tradable balance fluctuating?

Maybe because you have a long position whose worth is changing. So you get in debt or get profit from it. Thus changing your further possible tradable balance. I believe the tradable balance isnt changing when you dont hold a position.
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
I have some questions about margin trading amounts:

I have $4300 USD in my trading account, hence $4300 margin balance. With 3.3:1 leverage, I should have a tradable balance of $14190. OK.

I have an active long position on BTC. Amount: 50, base price: $210.50. So this means I've used $10525 of my tradable balance on this position.

As the maintenance margin is 15%, I need to keep 15% of $10525 -- $1578.75. This matches the required margin.

Ignoring unrealized swap. It's less than a dollar.

So:

14190 - 10525 - 1578.75 = 2086.25

This should be my remaining tradable balance, right? But it's only $1707.

Where did $380 go? And why is my tradable balance varying with every refresh? My maintenance is $1578.75, and that is static. My USD balance is $4300, and that is static. My already-borrowed amount of $10525 is static. Everything's static, how is my tradable balance fluctuating?
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Is there a way to disallow taker orders unless i click on close position? I always use limit orders but sometimes it happens that i end up with the taker fee. Most probably because the pricetags changed in the time i sent my order. I would like to prevent this.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Is there really no way to find out for what price last trades where traded? Its hard enough to check when a trade is executed at all since the trades doesnt vanish on its own. But at the end you only have the margin balance. You cant see for what price and which fee the trades happened. I think thats not helpful.

I don't understand. If you are talking about the general "last price", it is displayed at the top of the page, as well as in the tab. If you are talking about your own individual trade, you have history for all orders you placed, and trades...so I don't know exactly what the question is. If you can give me examples, I'll be glad to help.

Now i found it. I simply didnt looked in the settings menu.  Roll Eyes
mjr
full member
Activity: 194
Merit: 100
Is there really no way to find out for what price last trades where traded? Its hard enough to check when a trade is executed at all since the trades doesnt vanish on its own. But at the end you only have the margin balance. You cant see for what price and which fee the trades happened. I think thats not helpful.

I don't understand. If you are talking about the general "last price", it is displayed at the top of the page, as well as in the tab. If you are talking about your own individual trade, you have history for all orders you placed, and trades...so I don't know exactly what the question is. If you can give me examples, I'll be glad to help.
member
Activity: 93
Merit: 10
Is there really no way to find out for what price last trades where traded? Its hard enough to check when a trade is executed at all since the trades doesnt vanish on its own. But at the end you only have the margin balance. You cant see for what price and which fee the trades happened. I think thats not helpful.

history->order history, is it not there?
sr. member
Activity: 248
Merit: 251
Does bitfinex work well on android phones?
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Is there really no way to find out for what price last trades where traded? Its hard enough to check when a trade is executed at all since the trades doesnt vanish on its own. But at the end you only have the margin balance. You cant see for what price and which fee the trades happened. I think thats not helpful.
mjr
full member
Activity: 194
Merit: 100
Pls implement a cancel withdraw button: sometimes witdraws get stuck for hours and it would be nice to be able to cancel them and resend the coins from another wallet, when you are sending to someone else who is waiting (or worse if you send to the wrong address and immediately realize).

This seems like a good idea. Definitely going into our suggestions list.
mjr
full member
Activity: 194
Merit: 100
Hi Bitfinex, just read your entire forum thread. This took a long time (particularly the discussions about FRR!). Just wanted to say well done on running such a professional exchange, which has transitioned from a small project to become the largest BTC/USD exchange in the world. I have only been using your site for a short time, but so far I am very impressed. I do have a feature request for you.

Feature request: - optional increased security on withdrawals. When withdrawing I want to be asked for a google auth code AND an sms code AND email confirmation AND a secondary password used only for withdrawals. Some other exchanges already do this, including your main Chinese competitor. This feature will reduce account hackings and increase people's trust in your exchange. I recommend making the increased security features optional, so that people who are happy with the current security measures can continue unaffected.

If you email support, we can give you increased security requirements. Some people have asked us to not disable 2FA unless they have a skype call and they hold up their passport. Security is definitely a tradeoff, and each person is going to want either more security or more convenience. Our defaults are based on the necessary amount of security, but for those just as paranoid as us, we are very willing to increase the security level.
legendary
Activity: 1218
Merit: 1006
Crypto entrepreneur and consultant
Pls implement a cancel withdraw button: sometimes witdraws get stuck for hours and it would be nice to be able to cancel them and resend the coins from another wallet, when you are sending to someone else who is waiting (or worse if you send to the wrong address and immediately realize).
full member
Activity: 151
Merit: 100
Your margin is in danger! Your positions will be closed when your net value falls below maintenance margin. Please either make deposit now or liquidate some positions yourself.
  • [/glow]

    the
  • button has no function, eithe remove it from the code or make it work, please?
full member
Activity: 151
Merit: 100
I keep on getting disconnected/ logged off from web platform.
Is anyone else experiencing this?
Yes, sometimes. I/others believe it is related to internet traffic/proxies. (cloudflare and whatnot)
full member
Activity: 151
Merit: 100
Hi Bitfinex, just read your entire forum thread. This took a long time (particularly the discussions about FRR!). Just wanted to say well done on running such a professional exchange, which has transitioned from a small project to become the largest BTC/USD exchange in the world. I have only been using your site for a short time, but so far I am very impressed. I do have a feature request for you.

Feature request: - optional increased security on withdrawals. When withdrawing I want to be asked for a google auth code AND an sms code AND email confirmation AND a secondary password used only for withdrawals. Some other exchanges already do this, including your main Chinese competitor. This feature will reduce account hackings and increase people's trust in your exchange. I recommend making the increased security features optional, so that people who are happy with the current security measures can continue unaffected.
Why don't you ask for social security number, credit card number and passport number as well? That should REALLT boost the security manyfold times!

if I follow your logic correctly.
sr. member
Activity: 248
Merit: 251
Hi, I just made an account and I was wondering if I needed to verify my account or not. I just plan to deposit BTC and withdraw in BTC as well, no fiat necessary. I'm worried about my account getting locked or something.

You don't need to verify if you don't deposit/withdraw usd.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Im still not used to the thinking pattern you have to use with margin trading. I mean when you trade bitcoins then you have offers to buy bitcoins and offers to sell bitcoins. Its easy to get. But with margin trading you have something different. The price of the product is practically the same like the bitcoin. Though when you buy the product you pay more the higher the price of the item is. Though its the same when you buy the product in the negative and when you buy it in the positive.

Then there is only one orderbook. Bids and Asks. If you sell a margin then your order is put onto the ask side? when the price is lower or you buy into the bid side wenn the price is higher. And when you buy a margin then its the opposite. Then you have to observe the real bitcoin price. But still you pay the same price for margin sell and buy.

Its quite confusing even after 2 days. And since the layout isnt updating fast, it might be that i mixed the orderbook sides. I dont even know if i should stay close to the ask or the order sides price when selling or buying with a limit and not wanting to buy into existing orders.

Its hard to see it as one product only. Maybe it takes time to get used to this thought pattern.

The total lack of a transaction history makes it hard to see what happened too. I only see the endprice but i dont know at which price things sold, what fees applied and so on. I think for an exchange this old its something thats not cool. Especially when i think about all the fees that bitfinex earns already only with margin trading.

I keep on getting disconnected/ logged off from web platform. This is occuring pretty ofen, sometimes right after i Login. I am using 2FA, and have been using it since it was implemented. No one has access to my computer, and security is a priority of mine.
Is anyone else experiencing this?

I only had this once today. And the page was opened for hours.
sr. member
Activity: 391
Merit: 250
I keep on getting disconnected/ logged off from web platform. This is occuring pretty ofen, sometimes right after i Login. I am using 2FA, and have been using it since it was implemented. No one has access to my computer, and security is a priority of mine.
Is anyone else experiencing this?
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