This looks very promising. Thank you for your hard work OP.
en love for me ? 
Topic: [USD and BTC needed]People are ready to pay high to trade. Take advantage of it! - page 6. (Read 16429 times)
January 25, 2013, 10:02:03 AM
January 25, 2013, 09:48:23 AM
This looks very promising. Thank you for your hard work OP.
January 25, 2013, 09:43:02 AM
I like to remember users that BFX provide VIR (variable interest rates)
Quote from: BFX FAQ https://bitfinex.com/pages/faq
What is the "Variable Interest Rate" option for lending market?
"Variable interests rates" credits are a special kind of credits: they are based not on an agreed fixed rate, but on the average rates of total credits as displayed here. The variable average rate varies every 1/4 an hour. The advantage is that interests rates tend to follow bitcoin price: when the price goes up, interests for USD tend to go up, and similarly for BTC interests rates when price goes down. Lenders can then safely lend knowing that they won't miss opportunities if the interests goes up. Traders will find it even more interesting, because if the interests rates they pay goes up, that usually mean their position become profitable.
"Variable interests rates" credits are a special kind of credits: they are based not on an agreed fixed rate, but on the average rates of total credits as displayed here. The variable average rate varies every 1/4 an hour. The advantage is that interests rates tend to follow bitcoin price: when the price goes up, interests for USD tend to go up, and similarly for BTC interests rates when price goes down. Lenders can then safely lend knowing that they won't miss opportunities if the interests goes up. Traders will find it even more interesting, because if the interests rates they pay goes up, that usually mean their position become profitable.
January 25, 2013, 09:33:04 AM
Please increase the max interest limit. 99.999999% is too low 
the record offer I did see was 4000% January 24, 2013, 11:48:06 PM
Do I need to say we need more USD lenders:
Latest lenders got filled at 100% a year
Latest lenders got filled at 100% a year
Please increase the max interest limit. 99.999999% is too low
January 24, 2013, 06:37:49 PM
Do I need to say we need more USD lenders:
Latest lenders got filled at 100% a year
Latest lenders got filled at 100% a year
January 19, 2013, 12:10:44 PM
Indeed.
Also, if you lend for 7 days, your offers have far less chance to be filled than if you lend for 60 days.
Traders tend to choose longer periods. If a trader chooses say 30 days, offers at higher rates than yours will be filled while yours won't. That's why we advise to put long term offers.
Best regards,
Raphael
Also, if you lend for 7 days, your offers have far less chance to be filled than if you lend for 60 days.
Traders tend to choose longer periods. If a trader chooses say 30 days, offers at higher rates than yours will be filled while yours won't. That's why we advise to put long term offers.
Best regards,
Raphael
January 19, 2013, 11:48:01 AM
Are they using a "Potion of Loanplacing"? My BTC loans never filled, even at market rates.
that's likely to be because nobody wants to short but I personally will be happy to take your btc for a modest 2% APY for 60 days this statistic is for all taken loans but I think we can do better to show average rate for all loans taken in last 24h, 7 days, 14 days, and 30 days
January 19, 2013, 02:37:55 AM
Stats of today:
Demand for USD is higher than ever. Someone managed to place a USD loan at 70% a year today! Afraid of a bitcoin buble, but still want to profit from it? Come and lend your dollars on Bitfinex!
Are they using a "Potion of Loanplacing"? My BTC loans never filled, even at market rates. Demand for USD is higher than ever. Someone managed to place a USD loan at 70% a year today! Afraid of a bitcoin buble, but still want to profit from it? Come and lend your dollars on Bitfinex!
January 18, 2013, 11:01:11 AM
Stats of today:
Demand for USD is higher than ever. Someone managed to place a USD loan at 70% a year today! Afraid of a bitcoin buble, but still want to profit from it? Come and lend your dollars on Bitfinex!
Demand for USD is higher than ever. Someone managed to place a USD loan at 70% a year today! Afraid of a bitcoin buble, but still want to profit from it? Come and lend your dollars on Bitfinex!
January 12, 2013, 04:52:02 PM
is that rate set by the market demand/offer or is set by Mircea?
Fully set by market. People send bonds in specifying what interest they want, the whole pile is sorted by interest, the bot's trading needs are met out of that and whatever interest that ends up is the MPBOR.
free market is the best market
Exactly, which is why I hold a 4.99% (79.3% APR) figure based on 7k BTCs' worth of bonds in higher regard than the 2x% APR figure based on ~1-2k BTC.
January 12, 2013, 03:31:56 PM
People won't be able to take the coins OUT of the system right?
borrowers cant make withdrawals from credits, example if you borrow 100 BTC to short you will see short possible 100BTC nothing more No that's not the plan right now
But that's a good question to add to the FAQ, thanks!
January 12, 2013, 11:53:39 AM
Just for the record, MPBOR for the current month is 4.99%.
is that rate set by the market demand/offer or is set by Mircea?this is are the average rates that market dictate for bitfinex platform
more stats here https://bitfinex.com/pages/stats
free market is the best market
January 12, 2013, 08:29:45 AM
Just for the record, MPBOR for the current month is 4.99%.
January 12, 2013, 04:44:12 AM
People won't be able to take the coins OUT of the system right?
borrowers cant make withdrawals from credits, example if you borrow 100 BTC to short you will see short possible 100BTC nothing more January 12, 2013, 01:05:42 AM
People won't be able to take the coins OUT of the system right?
borrowers cant make withdrawals from credits, example if you borrow 100 BTC to short you will see short possible 100BTC nothing more January 11, 2013, 11:56:55 PM
Current need updated!
Seems like Credit has changed to Loans. Still the same thing? People won't be able to take the coins OUT of the system right? January 11, 2013, 07:22:32 PM
Current need updated!
January 10, 2013, 07:20:30 AM
Hi everyone,
USD reserves getting low, USD lenders are welcome!
Raphael
USD reserves getting low, USD lenders are welcome!
Raphael
December 29, 2012, 09:27:54 AM
Do you have any idea how much it would cost me to do a wire transfer into your account in France from my account in the US? I might be interested in this on the USD side. The BTC side is easy, of course.
Well, I won't lie to you, I'm more confortable with mtgox code, until we're registered and have a corporate bank account (hope to have it ready in a month).
Why? Reception cost is (on my side) 0.05% of total (min. 16,5 euros). I have decided that I will take this fee on me (so what I receive is what you get in your balance) but I'm not aware of others fees that you may have.
Is there any assurances that you won't pull another Bitcoinica at us? I'm still wary of borrowing out my coins out, seeing how Roger and co fared in getting their coins back via court cases.
I think you will be more confortable once we're registered as a company and properly licenced to operate our financial services. Licenced means that we will have proper insurance to cover deposit.
I would like to reassure you that we (Myself and I) are dedicated to make the best financial platform for Bitcoin. Our users already saw the tremendous improvments that we brought to make margin trading financially sound and profitable. We have taken security into account from day 1 as you can see on our security page (no automated withdrawal, no bitcoins or mtgox funds stealing possible): https://www.bitfinex.com/pages/security
I'll update you of the legal incorporation of Bitfinex
I thank all the new lenders for the trust they showed by depositing the last few days
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