Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 98. (Read 723861 times)
January 15, 2015, 10:04:39 AM
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.
January 15, 2015, 08:29:02 AM
So what do you look at when trading?
Or: the highlighted amount of coins you are going to buy or sell, say "1", yuo redo into "2" and after clicking "buy" or "sell" you discover that 21 coin order was executed. And you are rightfully pissed, because that is NOT what you intended to do.You need to be prepared for that as well.
You need to be prepared for that as well.
January 15, 2015, 08:03:39 AM
So what do you look at when trading?
Or: the highlighted amount of coins you are going to buy or sell, say "1", yuo redo into "2" and after clicking "buy" or "sell" you discover that 21 coin order was executed. And you are rightfully pissed, because that is NOT what you intended to do.You need to be prepared for that as well.
Yes, that might happen if in haste. And i think the bitfinex interface isnt the best. Its only partly automated by javascript. You have to reload the whole website in order to know if your order was filled or is still valid and so on. Its not really helpful if seconds count.
January 15, 2015, 07:32:45 AM
So what do you look at when trading?
Or: the highlighted amount of coins you are going to buy or sell, say "1", yuo redo into "2" and after clicking "buy" or "sell" you discover that 21 coin order was executed. And you are rightfully pissed, because that is NOT what you intended to do.You need to be prepared for that as well.
January 15, 2015, 07:11:43 AM
What kind of indizes are useful for finding out in which direction the market will go? I thought maybe the amount of coins traded on exchanges in one or the other direction. But then... it might not work when the orderbook is empty on one side because the course came from that direction.
Some say bitcoin can be predicted with charts relatively good. I dont see that so much. I think especially the bitcoin price includes much emotions since its not the highly educated chart analyst who trades mostly, so that the rules apply as a self fulfilling prophecy but its more noobs in that area that move the price.
So what do you look at when trading?
It needs work, learning a lot, experience, understanding, bitcoinwisdom, good health, strong nerves, good planning and money and time management and luck.Some say bitcoin can be predicted with charts relatively good. I dont see that so much. I think especially the bitcoin price includes much emotions since its not the highly educated chart analyst who trades mostly, so that the rules apply as a self fulfilling prophecy but its more noobs in that area that move the price.
So what do you look at when trading?
It always helps to be in phase with what is happening.
ut there is no better way to learn by doing. In a year you can be a trader. Prepare your entry fee.
edit; With increasing experience you can tell when, where and how is a move going to happen. Acting on it is harder. Three things stay in your way: your hesitation and decision making, your courage and your exchange. The exchange is going to get in your way in major and unpredictable ways throwing obstacles under your legs, yuo have to click here, click there and even then the order does not pass... so good planning is advised. Especially for the beginners.
P.S. all good traders paid their initiation fees, except Warren Buffet. Warren Buffett does not trade. He buys.
Thanks for the tip. As of now my biggest hurdle is the emotion. Its hard to hold back if you feel there are chances that go away if you dont act. I already paid for this. At the moment i often force me to do something different just do learn to not let emotions come into way. Its harder the more youre involved. Its like addiction at some point. But i think decisions on that should be made with only a little bit emotions involved and very much facts instead.
January 15, 2015, 07:09:29 AM
solved
But I wonder, if I was the only one who had no access to the website for days?
January 15, 2015, 06:41:20 AM
What kind of indizes are useful for finding out in which direction the market will go? I thought maybe the amount of coins traded on exchanges in one or the other direction. But then... it might not work when the orderbook is empty on one side because the course came from that direction.
Some say bitcoin can be predicted with charts relatively good. I dont see that so much. I think especially the bitcoin price includes much emotions since its not the highly educated chart analyst who trades mostly, so that the rules apply as a self fulfilling prophecy but its more noobs in that area that move the price.
So what do you look at when trading?
It needs work, learning a lot, experience, understanding, bitcoinwisdom, good health, strong nerves, good planning and money and time management and luck.Some say bitcoin can be predicted with charts relatively good. I dont see that so much. I think especially the bitcoin price includes much emotions since its not the highly educated chart analyst who trades mostly, so that the rules apply as a self fulfilling prophecy but its more noobs in that area that move the price.
So what do you look at when trading?
It always helps to be in phase with what is happening.
ut there is no better way to learn by doing. In a year you can be a trader. Prepare your entry fee.
edit; With increasing experience you can tell when, where and how is a move going to happen. Acting on it is harder. Three things stay in your way: your hesitation and decision making, your courage and your exchange. The exchange is going to get in your way in major and unpredictable ways throwing obstacles under your legs, yuo have to click here, click there and even then the order does not pass... so good planning is advised. Especially for the beginners.
P.S. all good traders paid their initiation fees, except Warren Buffet. Warren Buffett does not trade. He buys.
January 15, 2015, 06:35:36 AM
Can anybody explain why after I place 4 consecutive 2 btc market buy orders I end up with "0.13724734" BTC?!?!?!?!?
I expected 8. All 4 orders passed successfully.
Also, why does market order ask me if I want to place order over/under ticker price?!!?!?
Why is enetering market orders such a pain? maany times happened that I end up with limit orders in the orderbook while entering market orders.
This all has cost me money. Do you have any logical explanation?
I expected 8. All 4 orders passed successfully.
Also, why does market order ask me if I want to place order over/under ticker price?!!?!?
Why is enetering market orders such a pain? maany times happened that I end up with limit orders in the orderbook while entering market orders.
This all has cost me money. Do you have any logical explanation?
In the fiat world this usually happens on platforms run by market makers and never on an exchange. A market order on any exchange ALWAYS executes. Period. Its a different matter it may execute 1% away from the last tick. But it always executes.
The obvious reason is there are no other side orders placed by other traders and the market maker is not willing to take up an opposite position at that time. Basically a liquidity problem manifested through these 2 modes. If there is a 3rd way such a thing can occur please free to add.
@Bagpipe nice to learn about your experience.
Imagine you hold long 8 BTC and sell 3, by 3 1-btc market orders, how many do you have now?
I can tell you: 6.97191264
January 15, 2015, 06:19:19 AM
What kind of indizes are useful for finding out in which direction the market will go? I thought maybe the amount of coins traded on exchanges in one or the other direction. But then... it might not work when the orderbook is empty on one side because the course came from that direction.
Some say bitcoin can be predicted with charts relatively good. I dont see that so much. I think especially the bitcoin price includes much emotions since its not the highly educated chart analyst who trades mostly, so that the rules apply as a self fulfilling prophecy but its more noobs in that area that move the price.
So what do you look at when trading?
Some say bitcoin can be predicted with charts relatively good. I dont see that so much. I think especially the bitcoin price includes much emotions since its not the highly educated chart analyst who trades mostly, so that the rules apply as a self fulfilling prophecy but its more noobs in that area that move the price.
So what do you look at when trading?
January 15, 2015, 04:59:16 AM
Hello,
as I remember, since this week I dont get to the https://www.bitfinex.com/ website!
Why?
Thanks.
as I remember, since this week I dont get to the https://www.bitfinex.com/ website!
Why?
Thanks.
January 15, 2015, 04:06:56 AM
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.
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.
January 15, 2015, 12:04:45 AM
Can anybody explain why after I place 4 consecutive 2 btc market buy orders I end up with "0.13724734" BTC?!?!?!?!?
I expected 8. All 4 orders passed successfully.
Also, why does market order ask me if I want to place order over/under ticker price?!!?!?
Why is enetering market orders such a pain? maany times happened that I end up with limit orders in the orderbook while entering market orders.
This all has cost me money. Do you have any logical explanation?
I expected 8. All 4 orders passed successfully.
Also, why does market order ask me if I want to place order over/under ticker price?!!?!?
Why is enetering market orders such a pain? maany times happened that I end up with limit orders in the orderbook while entering market orders.
This all has cost me money. Do you have any logical explanation?
In the fiat world this usually happens on platforms run by market makers and never on an exchange. A market order on any exchange ALWAYS executes. Period. Its a different matter it may execute 1% away from the last tick. But it always executes.
The obvious reason is there are no other side orders placed by other traders and the market maker is not willing to take up an opposite position at that time. Basically a liquidity problem manifested through these 2 modes. If there is a 3rd way such a thing can occur please free to add.
@Bagpipe nice to learn about your experience.
January 15, 2015, 12:03:02 AM
Hey guys pardon me for the n00b question but could someone tell me how properly into bitfinex? I enabled google authenticator and now when I try to login, entering my username/password correctly it asks me for a google two-factor authentication one-time token. I subsequently enter the code given to me on my smartphone google authenticator app and the website reads "Incorrect one-time token. Please try again." I've tried trouble shooting and syncing the date & time on my smartphone all to no avail. Would you guys have any idea on how to fix this? Thank you in advance!
January 14, 2015, 08:47:43 PM
interesting that while total swap amount has declined steadily - from $22 million to $15.5 in a month+ time, that 7 million doesn't look like it has made its way back to the swap offers side as there's only 1.7 million sitting on FRR and 2.6 million to 0.04%
Don't know how substantial a fraction of that to expect to have actually left the platform, or to be sitting dormant waiting for higher rates.
Or, come to that, to have converted into BTC as the price descended - someone has to be buying, although it doesn't look much like a fresh $7M has made it's way onto the bids.
This is possible. I think it is very interesting that bitfinex's price has been at least $10 more then other major exchanges the majority of the time as the price has crashed January 14, 2015, 07:54:17 PM
Can anybody explain why after I place 4 consecutive 2 btc market buy orders I end up with "0.13724734" BTC?!?!?!?!?
I expected 8. All 4 orders passed successfully.
Also, why does market order ask me if I want to place order over/under ticker price?!!?!?
Why is enetering market orders such a pain? maany times happened that I end up with limit orders in the orderbook while entering market orders.
This all has cost me money. Do you have any logical explanation?
I expected 8. All 4 orders passed successfully.
Also, why does market order ask me if I want to place order over/under ticker price?!!?!?
Why is enetering market orders such a pain? maany times happened that I end up with limit orders in the orderbook while entering market orders.
This all has cost me money. Do you have any logical explanation?
January 14, 2015, 05:04:37 PM
interesting that while total swap amount has declined steadily - from $22 million to $15.5 in a month+ time, that 7 million doesn't look like it has made its way back to the swap offers side as there's only 1.7 million sitting on FRR and 2.6 million to 0.04%
Ya I just pulled off around 7 mil. That's what happened 
January 14, 2015, 01:59:52 PM
interesting that while total swap amount has declined steadily - from $22 million to $15.5 in a month+ time, that 7 million doesn't look like it has made its way back to the swap offers side as there's only 1.7 million sitting on FRR and 2.6 million to 0.04%
Don't know how substantial a fraction of that to expect to have actually left the platform, or to be sitting dormant waiting for higher rates.
Or, come to that, to have converted into BTC as the price descended - someone has to be buying, although it doesn't look much like a fresh $7M has made it's way onto the bids.
January 14, 2015, 12:28:03 PM
That's the most likely explanation. The first one just went through after 2 hours, so whew.
January 14, 2015, 12:15:14 PM
I did a withdraw of bitcoins 90 minutes ago and it still says "processing". Usually it's instant. I'll try not to panic. 
I tried doing a 2nd withdrawal just to see if it was a fluke, but that one is stuck too. I lost an opportunity thanks to this, but that's my bad for assuming they broadcast withdrawals immediately like they usually do.
I tried doing a 2nd withdrawal just to see if it was a fluke, but that one is stuck too. I lost an opportunity thanks to this, but that's my bad for assuming they broadcast withdrawals immediately like they usually do.Maybe hot wallet ran out of BTC
January 14, 2015, 12:01:25 PM
I did a withdraw of bitcoins 90 minutes ago and it still says "processing". Usually it's instant. I'll try not to panic. I tried doing a 2nd withdrawal just to see if it was a fluke, but that one is stuck too. I lost an opportunity thanks to this, but that's my bad for assuming they broadcast withdrawals immediately like they usually do.
I tried doing a 2nd withdrawal just to see if it was a fluke, but that one is stuck too. I lost an opportunity thanks to this, but that's my bad for assuming they broadcast withdrawals immediately like they usually do. Jump to: