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Topic: [USD and BTC needed]People are ready to pay high to trade. Take advantage of it! (Read 16429 times)

legendary
Activity: 1988
Merit: 1007
thanks, immediately pulled out all my cash. I dont know if this thing will work out or not, but if people get credits for $1,150,000 which they never deposited then something IS going wrong.

Where did you get this from?

Edit:  I see where now.

"3. Besides that is required an audit for the entire bitfinex platform,
the platform tempered/adjusted twice, first with mister Tang and was
credited from him 150.000 USD, that he didn't deposit in his account,
the second time when mister Devasini was credited one million dollars,
money that he didn't have deposited in his account. Because of this I
cannot be sure if the current losses are real or not."



Can someone from bitfinex please comment?

Is it just me or was that quote ridiculously confusing? I couldn't follow it, =S
hero member
Activity: 763
Merit: 500
thanks, immediately pulled out all my cash. I dont know if this thing will work out or not, but if people get credits for $1,150,000 which they never deposited then something IS going wrong.

Where did you get this from?

Edit:  I see where now.

"3. Besides that is required an audit for the entire bitfinex platform,
the platform tempered/adjusted twice, first with mister Tang and was
credited from him 150.000 USD, that he didn't deposit in his account,
the second time when mister Devasini was credited one million dollars,
money that he didn't have deposited in his account. Because of this I
cannot be sure if the current losses are real or not."



Can someone from bitfinex please comment?
legendary
Activity: 906
Merit: 1002
thanks, immediately pulled out all my cash. I dont know if this thing will work out or not, but if people get credits for $1,150,000 which they never deposited then something IS going wrong.
legendary
Activity: 1988
Merit: 1007
Quote
Interest Rates

Average rates of the open loans (positions) as of April 25, 2013 - 09:45:37 AM CDT.
Currency    Average loan rates in % per 365 days    Average loan period    Total sum of active loans
USD    153.4484%    4149702.0 days    699399.21 USD
BTC    8.0496%    151.0 days    305.92 BTC

i really appreciate the trust some lenders have in BFX lending used for the next 5 millions years is something you dont see every day  Grin

More like 20k years but I was about to ask if this is an error or not, lol. I think maybe it calculates the total loan period of all loans.
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
legendary
Activity: 2128
Merit: 1002
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Get Ur litecoins ready when ltc margin trading will go live there will be some demand
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Quote
Interest Rates

Average rates of the open loans (positions) as of April 25, 2013 - 09:45:37 AM CDT.
Currency    Average loan rates in % per 365 days    Average loan period    Total sum of active loans
USD    153.4484%    4149702.0 days    699399.21 USD
BTC    8.0496%    151.0 days    305.92 BTC

i really appreciate the trust some lenders have in BFX lending used for the next 5 millions years is something you dont see every day  Grin
legendary
Activity: 1868
Merit: 1023
Pachuro - I highly recommend using test amounts (say $1) while you get a hang of the system.   There is no fee to do so!  And then do the larger amount if you get the desired behavior.
newbie
Activity: 56
Merit: 0
you dont have to provide all the amount
PD: i expected a gallente to be interested in big returns on a loan not a caldari Cheesy 

Thanks that makes me see some potential then...

Heh no one ever notices that avatar and I use it alot, but come to a 'geek' message forum like this and you are the 3rd person to mention it. NICE!  Grin
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
i am looking to invest some USD to lend out, but need some more info...

If I see this as an example:

USD Loan demand
Minimum lending time (days)   Rate (% per 365 days) *   Amount   Demand count   
60                                                365%                  57228.36         6



If I only have $500.00 USD to loan... will clicking the LEND button apply my money to this line item or do I have to supply the complete amount of 1 Demand Count like this:

USD Loan demand
Minimum lending time (days)   Rate (% per 365 days) *   Amount   Demand count   
60                                                365%                  475.50         1
you dont have to provide all the amount
PD: i expected a gallente to be interested in big returns on a loan not a caldari Cheesy 
newbie
Activity: 56
Merit: 0
i am looking to invest some USD to lend out, but need some more info...

If I see this as an example:

USD Loan demand
Minimum lending time (days)   Rate (% per 365 days) *   Amount   Demand count   
60                                                365%                  57228.36         6



If I only have $500.00 USD to loan... will clicking the LEND button apply my money to this line item or do I have to supply the complete amount of 1 Demand Count like this:

USD Loan demand
Minimum lending time (days)   Rate (% per 365 days) *   Amount   Demand count   
60                                                365%                  475.50         1
legendary
Activity: 906
Merit: 1002
What about a "relending" feature. Lets say I lent someone $1000 for 2000% APR and then an hour later I see someone offering $1500 for 1000% APR. So a "relending" feature could become quite handy. In this example I would get my $1000 back and still get 1000% APR of the $1000...
legendary
Activity: 1176
Merit: 1015
I understand that margin positions are closed automatically, but how does this work with GOX lag?

If the price drops GOX will lag bad, does this risk our loans more? Because the positions cannot actually be closed?

Cheers.
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
current demand for USD is huge
member
Activity: 106
Merit: 10
I've quit a lot of money on  BFX, to deposit I had to exchange € to BTC on my mtgox account, exchange BTC to € on BFX Sad It costs me a few % due to the ask/sell gap and fees.

Maybe you could add euro-exchange so we can exchange cheaper and on a better platform?
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
sorry i was a bit lazy lately and did not update this thread ....

here is the update
Quote
Currency    Average loan rates in % per 365 days    Average loan period    Total sum of active loans
USD    403.1452%    2.0 days    536481.82 USD
BTC    8.925%    54.0 days    1265.48 BTC
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Quote
Currency    Average loan rates in % per 365 days    Average loan period    Total sum of active loans
USD    237.6382%    2.0 days    402171.67 USD
BTC    5.9518%    77.0 days    1043.88 BTC

$400k reached
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