si eres alcista has comprado y para salirte tienes que vender si eres bajista has vendido y para salirte tienes que comprar digamos que estoy alcista con 10 btc y ahora el precio es 15.40 y me quiero salir a 15.00 pues pongo stop-sell cantidad 10 y precio 15:00 por que vender ? por que he tomado prestado USD y le devuelvo USD algo mas de documentacion https://bitcointalk.org/index.php?topic=137022.0
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I can't use anymore leverage (set as 1:5) on long position, is that due to shortage of lendings ??
yes there are only 3,98 USD available
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Daaaaaaaaaamn, how high can that greed score go?
that depend on the market participants on bfx
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Irrational Index
This index analyzes user behavior on the market and reflects their coherence and commitment to make profit Irrational Index for Bear: 0.9 Irrational Index for Bull: 1588.4
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Account finance
This information is about how to manage your money, this is not a specific area of the site.
Account History
There are 4 data spreadsheets available for you to see
USD
Payments of interest, fees, positions, deposits and withdrawals in USD will show up here
BTC
Payments of interest, fees, positions, deposits and withdrawals in BTC will show up here
Order history
If you made an order, it will be shown here, the status column will tell you if it’s active, canceled or the execution price.
Offer History
When you lend or try to lend money all your offers will show up here.
Account type
For full information about the different types of accounts, please read the registration section above. For every single type of account there is a wallet.
Account overview
When you trade on margin, exchange or use the deposit feature you use the funds from the specific wallet.
Deposit Wallet
APY means Annual percentage yield
USD
Total USD on this wallet
USD credit total
How many USD are used by margin traders or better said the sum of all the loans.
USD current rate (APY)
The average interest for your loans in annual percentage yield.
Lendable balance
The amount of USD that you can still lend to the margin traders.
BTC
Total amount of BTC in this wallet
BTC Credit total
Sum of all the loans on BTC.
BTC Current rate (APY)
The average interest rate you get from all your loans
Lendable balance
The amount of BTC you can still lend to margin traders.
Exchange Wallet
If you don’t have your account type selected as exchange or trader on your account settings this information is not available for you.
USD
How many USD you have on your exchange wallet
BTC
This shows how many BTC you have on the exchange wallet.
Trading Wallet
If you don’t have your account type selected as a trader in your account settings, this information is not available for you.
USD balance
How many USD you have on your trading wallet
BTC balance
How many BTC you have on your trading wallet
Margin Balance
This is the total value of your trading wallet = USD+(BTC value in USD)
Warning this can change a lot if you have just BTC, if the BTC price drops, this will also drop the margin balance. Likewise, if the BTC price goes up, this will also increase your margin balance.
Tradable balance
This is the margin balance multiplied by the leverage when you don’t have any position open. When you have a position open the value will be updated. Position gains don’t sum to your balance in current date. (6 January 2013)
Long possible Short possible Unrealized P/L
This is the position concerning the profits or losses, the word unrealized is there to point out that these profits or losses are not concluded. The trader must close the position to define (or realize) the profits or losses.
Unrealized Swap
When a trader uses margin (leverage), he borrows funds from other people and he agrees to pay them a certain interest rate for the used funds. Again this number is not final until the trader closes the position.
Required margin
So far the required margin is 5%
This is better explained with an example. Using the 5:1 leverage setting, if the total Margin balance in a wallet is 100 USD the trader can borrow 5 times more using leverage. Then the tradable balance is 500 USD, so let’s say the price is 10 USD so the trader can go long 50 BTC, but he picks to go long 40BTC, now the total value of his position in USD is 40x10=400 the required margin is 5% of that 400, that means 20 USD.
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Money management Trading Wallet and leverage Only money on your trading wallet will count for the average and margin trading. Your money in deposits and exchange wallet is a separate thing Lending page Terms Borrower The borrower is the margin trader who takes a loan to speculate on the market, funds will displayed on the trading wallet Lender The lender is the depositor who gives loans to traders, funds will displayed on the depositor wallet Borrowing This feature allows the user to demand credit in advance, so they don't need to go on the open market and get the credit. They can post a demand for credit and after the demand is filled, they can use that credit when they want. Market demand When using this, the borrower “buys” credit at whatever the market offers, so his demand for credit can be filled at different interest rates Limit demand Using this, the borrower sets how much he is willing to pay for credit. Costs The borrower pays the interest from the moment his demand gets filled no matter if he use the funds or not. Posting Demand Amount The borrower sets the amount of money he wants to borrow. Interest rate Here the borrower puts how much interest he is willing to pay. Period The borrower sets the minimum amount of time he wants to take the loan, so if borrower wants 100 USD for 14 days, lenders need to give him the 100USD for at least 14 days. Lending The lending feature on Bitfinex allows users to lend money to other users. Any borrowing or lending are done by other users. The platforms do not provide funds for trading. In order to keep a balance in the market the platform will never give money to users. This means funds need to be saved and given away in the form of loans. Market offer When a lender sells credit using a market offer he will be filled at variable interest rates based on demand. Limit offer When a lender uses a limit offer he is willing to sell credit only at a certain interest rate. Gains Lenders start earning money when someone takes their offer. If nobody takes their offer, they don’t earn interest. Posting Offers Depositors or lenders have the option to post lending offers so users can take this money and trade for a set amount of time. Amount The amount in USD or BTC are you willing to lend so other users can leverage trade. Rates interest The interest rates are set per 365 days, even if the loan is for a short time frame. Interest rate payments are calculated every day. (3 January 2013) Maximum period This is the maximum number of days the lender is willing to lend the money to margin trading users. (3 January 2013) Auto-renew offers This options allows you to repost the offer automatically if the trader paid the loan before expiration or if the maximum time limit is reached. The auto-renewed offer uses the same conditions as the original offer. (3 January 2013) Don't renew loan This option is used by lenders to cancel offer renewal when the maximum time is reached, or if the loan is paid before expiration. (3 January 2013) Offers history Your offer history is saved and shows on the history part of your account https://bitfinex.com/offers/. (3 January 2013) USD Credit book This will show how much USD are available now in the lending section. Conditions are set by users not by Bitfinex. (3 January 2013) BTC Credit book This will show how much Bitcoins are available now in the lending section. Conditions are set by users not by Bitfinex.3 January 2013 Fees Bitfinex does have a fee for the lending for more details go to fee page. (3 January 2013)
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The basic documentation have been posted here => http://community.bitfinex.com/forumdisplay.php/15-Official-Bitfinex-Documentation====================================================== thx to gunner and ryn for proof reading and correcting stuff, this is my own thing bitfinex did not correct or support this documentation jusr basic stuff that ppl need to know Trading
This section is to explain the basics of how to trade.
Order Book
This shows all the orders that can be traded from bitfinex platform.
Orders details Platform
This will show you from where the orders originated.
BID or ASK price
This is the price that users want to buy or sell bitcoins.
Digit precision & Order merging
So far, bitfinex shows prices until second digit. For example if some user wants to sell bitcoin at 10.11 USD and another at 10.111 USD both order are grouped together and are shown like 10.11. (6 January 2013)
Why this? to show the orders in a compact view
Amount
This is the total volume for a specific price
Order Count
If there is more than one order at a said price this will show how many orders are at that price
Level 2 Order Book
This order book is a combined order book. That means it merges the Bitfinex orders with other platform orders to show the total orders available. On the platform column there will be shown the order source.
Exchange
This feature is the normal trading where the user can trade with their own balance and nothing more.
Asks & Bids
A part of total level 2 order book is loaded here to show the current prices, any click on the ask/ bids words will open a new tab on your browser loading the level 2 orderbook
Margin trading
Bitfinex offer the possibility of margin trading (leverage), where the user borrows money based on his trading wallet value. Users using this feature need to understand that the money from their trading wallet is there to guarantee their position and said funds are not used for trading.
Borrowing
Since you can’t buy or sell something if you don’t have the funds (is fraud) you need to borrow the funds. If you want to buy BTC but you don’t have USD, you borrow USD and guarantee this loan with your BTC balance and if you want to sell BTC but you don’t have BTC you borrow BTC and guarantee this loan with your USD balance.
Always check the borrowing cost before you borrow any funds
Active Position
Your active orders show you several numbers and you need to understand what they mean
Pair
BTCUSD so far
Amount
Your position size
Base price
This is the price when you open the position, or the average price based on your position(s) held. It is also the price where you don’t win or lose any money.
Loans expiration
This is your amount details where it show you the loans volume and maximum period
P/L ($)
How much USD you have in profit or loss
P/L (%)
Your profit or loss in %
Swaps
Total amount of swaps you have to pay
Swaps rate (per one day)
This is the average swap rate per day (interest rate)
Action: Close
You can close your position with just one click and be out of the market, when you click close your position will be closed at the best price available using a market order.
Active order
These are your orders that need to be executed, these orders are executed when the conditions are met
#
This is your order ID
Pair
What currency pair, so far BTCUSD
Order details
Please read below the type of order available on bitfinex
Amount
Order size/volume
Price
Price for execution
Route
This option allows the user to select on which market he wants to send the orders since each market has its own fees and selecting the route it is an important feature.
Route set to none
If blank it will take the best price available, orders that have selected none route will show on BFX orderbook but can be executed on mtgox orderbook if the price set by the user is reached.
Route to BFX
Orders that have route set to BFX will show up on BFX orderbook and will be executed only against BFX orders or orders that have the route set to none
Route to mtgox
Execution on mtgox is always made at market. The orders are never placed on mtgox orderbook because mtgox doesn’t have an order history, only a trade history and is impossible for BFX to track these orders.
If route is set to a specific platform your order will be executed only on that platform, fees are not taken into consideration.
Expiration period
All funds are borrowed from another user this will show the maximum time for your loan.
Placed
On what date the order was placed, the date format is day month hour: minute
Status
If is active, the order still needs to be processed
If is partially filled, this will show how much was filled
Action
Cancel to cancel the order
Notify to get an email when order is executed
Orders type
So far bitfinex supports the following order types. (6 January 2013)
Market
This order type will go against the best available price until the entire order is executed
Limit
This order will be executed only when the set price is reached, is used to initiate a position. Limit orders let you buy only below the actual price and sell above the actual price, please read the stop buy/sell entry
Stop
This is the opposite of limit order, and is used to close a position at a certain price. Often named stop loss, because can be used to cut loses when the market goes against your position.
Stop buy/sell entry
These type of orders are a bit harder to understand. You can use the Stop order to open a position but compared to Limit orders, it lets you buy above the current price and sell below the current price. Example the price is 10,20 USD, and the market goes sideways you can set a stop-buy-entry order at 10,50 USD or a stop-sell-entry at 9,95 USD, so you buy above the current price and you sell below the price, if the price decides to move one way or another.
Trailing stop
This is like the Stop order, but it follows the price at a set “distance” with two decimal place precision. This is used to preserve profits.
Hidden order
This type of order allows the user to hide their order but it has certain conditions: A minimum size (500BTC) and a fee (see the fee page)
Margin call
This happens when you are about to lose all the funds on your trading wallet
Liquidation Forced liquidation
You can get forced liquidated when your losses are almost equal to your trading wallet total value
Prevent forced liquidation
Deposit funds to avoid this.
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if this start to drop is likely to get the first stop at 11,75 if 15,40 gets taken out a new H is made and next stop should be at 34USD (wave 2 value + wave 1 value= the most likely value for wave 3) http://yfrog.com/eshmfxp
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why ask volume so low? (compared to bids) people oversold or just the bid volume increased so much?
posting ask/bid on orderbook is posting ad to buy/sell X volume on Y price nothing more nothing less
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feels like we are about to break out
can we get a wall pic, don't zoom in to much, mtgox live never load for me again...
thanks
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SELL SELL SELL SELL
Do not say that devil's word or I put yon on my ignore list.
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BUY BUY BUY BUY
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Promotion time: Until the 23 january 2013, all orders routed on Bitfinex will have 0 fees. Yes, you heard me, 0 fees! Take advantage of it, now! https://www.bitfinex.comRaphael maybe you did not know this did this just start? if it was happening yesterday i'm going to kick myself for selling on Gox yes just started
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Promotion time: Until the 23 january 2013, all orders routed on Bitfinex will have 0 fees. Yes, you heard me, 0 fees! Take advantage of it, now! https://www.bitfinex.comRaphael maybe you did not know this
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Why buy now?
to sell at bigger price later
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goxxing
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what was the highest volume ever?
in btc or usd ?
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BUY BUY BUY BUY
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100k vol bars chart http://yfrog.com/oehwdjpthe spike above 32 USD is what many consider the wave [1] well this is a assumption is only safe wau to label this wave [1] is only when gets confirmed that means it needs a wave [3] to go above the [1] since the assumption is wave [1] to 32USD the wave [2] is down at 2USD again a assumption based on another one since we assume that wave [2] ended at 2 USD we are in a wave [3] and this wave [3] is formed by 12345 wave since is fractal and we are on a wave 5 inside the wave[3] ¿well all this remain in the air until the price goes above 32USD? yes and no the 32 USD check is only for the wave [1] confirmation since the market is fractal each degree have its own check points if the price fall under wave 4 then the wave [3] is invalid if the wave [3] is invalid then is also wave[2] at 2 USD is invalid and wave [2] is not over if the price goes above wave 3 then the wave 5 is valid and this wave 5 needs to end above 32 USD
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